Young Mens Educational Network in Chicago, Illinois (IL)

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Young Mens Educational Network
Employer Identification Number (EIN)364124098
Name of OrganizationYoung Mens Educational Network
In Care of NameMichael Trout
AddressPO BOX 23410, Chicago, IL 60623-0410
SubsectionEducational Organization
Ruling Date04/1999
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2014
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,089,138
Amount of Income$1,046,875
Form 990 Revenue Amount$1,046,875
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Educational Services and Schools - Other


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Financial snapshot ($)

Revenue for 2012

Functional expenses for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$665,857
Contributions, Gifts, Grants and Other Similar Amounts$605,399
Program Service Revenue$12,070
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$48,388
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2012)
Total functional expenses$610,993
Compensation of current officers, directors, trustees, and key employees$169,150
Other salaries and wages$0
Payroll taxes$9,809
Professional fundraising services$11,000
Other$421,034
Balance Sheet (for 2012)
Total assets$1,489,706
Total liabilities$150,000
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$150,000
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$1,339,706
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2012)
2008 - 2012 Total
Total Support$3,164,249
Gifts, grants, contributions, and membership fees received$3,164,249
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Gross receipts from related activities, etc.$0
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