Young Mens Institute
- Assets
- $85.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, IN
- Founding
- 02/1941
- Data as of
- 03/2022
- EIN
- 94-2675814
Organization Overview
Young Mens Institute is located in Richmond, IN. The organization was established in 1941. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Young Mens Institute is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 03/2022, Young Mens Institute generated -$624.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (51.1%) each year. All expenses for the organization totaled $3.0k during the year ending 03/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
DEATH BENEFITS PAID TO MEMBERS. DONATIONS MADE TO OTHER NONPROFIT ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Baumer Marshal | 1 | $0 | |
Frank Crowe Inside Guard | 1 | $0 | |
Jeff Cooper Board Member | 1 | $0 | |
Robert Crowe Board Member | 1 | $0 | |
Robert Vogelgesang Treasurer/fin Secy | 1 | $0 | |
J Scott Vogelgesang President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $442 |
| Investment income | $1,802 |
| Gain or Loss | -$2,868 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | -$624 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $150 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,180 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $118 |
| Other expenses | $134 |
| Total expenses | $2,973 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,376 |
| Other assets | $0 |
| Total assets | $85,376 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,376 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
V J G Incorporated Employee Benefit Plan Indianapolis, IN | $188,039 | $9,770,843 |
Traylor Bros Inc Employee Benefits Plan Trust Evansville, IN | $0 | $8,264,652 |
Marcus Corporation Employee Benefits Trust Milwaukee, WI | $0 | $8,029,877 |
Wisconsin Bankers Association Insurance Trust Fund Sun Prairie, WI | $545,730 | $8,671,517 |
Ccs Employee Benfits Group Inc Evanston, IL | $1,435,594 | $7,548,619 |
Asphalt Institute Inc Lexington, KY | $13,937,095 | $7,949,306 |
Rubicon Insurance Company Evanston, IL | $37,465,176 | $3,987,291 |
Baptist Healthcare System Inc Louisville, KY | $962,738 | $6,805,562 |
Burke Group Welfare Plan Trust Rosemont, IL | $1,472,219 | $7,136,171 |
Modern Drop Forge Company Employee Welfare Trust Merrillville, IN | $1,657,917 | $6,543,667 |
Mcii Benefit Plans Trust Des Plaines, IL | $0 | $6,361,748 |
Clark Companies Medical Benefit Plan Bowling Green, KY | $441,300 | $5,993,234 |