Mk Youth Foundation
- Assets
- $160.4k
- Revenue
- $514.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Lenexa, KS
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-3192198
Organization Overview
Mk Youth Foundation is located in Lenexa, KS. The organization was established in 2019. According to its NTEE Classification (N62) the organization is classified as: Basketball, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Mk Youth Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mk Youth Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Mk Youth Foundation generated $514.0k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $667.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MOKAN EXISTS TO PROVIDE A PLATFORM AND SUPPORT SYSTEM THAT ENCOURAGES YOUNG MEN TO TAKE ADVANTAGE OF LIFE CHANGING OPPORTUNITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH AGE 8-17 PARTICIPATED IN PROGRAMS SPONSORED BY MK YOUTH. MENTORING, TUTORING AND ROLE MODELING IS MAIN EMPHASIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daulton Speckhart Secretary | Officer | 40 | $79,468 |
Drew Molitoris Employee | Officer | 40 | $18,350 |
Mathew Suther President | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $395,847 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $180,087 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $575,934 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$61,934 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $514,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,419 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,981 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $39,186 |
| Advertising and promotion | $4,224 |
| Office expenses | $7,237 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $162,485 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,998 |
| All other expenses | $57,497 |
| Total functional expenses | $667,249 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,371 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,371 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $172,488 |
| Total liabilities | $172,488 |
| Net assets without donor restrictions | -$12,117 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $160,371 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Usa Basketball Colorado Springs, CO | $46,718,605 | $26,707,052 |
National Association Of Basketball Coaches Kansas City, MO | $7,492,975 | $6,879,648 |
Gabl Youth Sports Foundation Inc Lenexa, KS | $46,974 | $1,304,674 |
National Wheelchair Basketball Association Colorado Springs, CO | $460,123 | $1,032,822 |
Lake Of The Ozarks Shootout Sunrise Beach, MO | $47,312 | $973,884 |
Colorado Titans Basketball Club Erie, CO | $120,554 | $938,742 |
Mk Youth Foundation Lenexa, KS | $160,371 | $514,000 |
Knights Basketball Academy Midwest St Charles, MO | $215,472 | $572,008 |
Yanders Law Springfield, MO | $182,701 | $285,827 |
Colorado Basketball Club Lone Tree, CO | $15,936 | $269,740 |
Livin The Dream Ministries Inc Gardner, KS | $141,673 | $339,658 |
Team Buddy Buckets Norman, OK | $39,223 | $229,522 |