Overview
What is Youngs Lake Inc?
Youngs Lake Inc is a nonprofit organization with a primary focus on maintaining a lake for the recreational enjoyment of its members. This includes activities such as fishing, ensuring the lake remains suitable for these purposes, and providing a recreational space for members to enjoy. The organization's mission is centered around the preservation and upkeep of the lake, ensuring its members can fully utilize it for leisure activities.
Is Youngs Lake Inc legitimate?
Youngs Lake Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Youngs Lake Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Youngs Lake Inc?
Youngs Lake Inc is committed to preserving its lake property for the purpose of providing fishing and recreational activities for its members. The organization's main goal is to ensure the lake remains accessible for its members to enjoy leisure activities. Regular maintenance of the property is a key part of this mission, ensuring the lake remains suitable for fishing and other recreational activities. By doing so, Youngs Lake Inc aims to foster a sense of community among its members and provide them with a enjoyable and relaxing environment.
What is the revenue of Youngs Lake Inc?
Youngs Lake Inc's revenue in 2024 was $142,870.
Who are the executives of Youngs Lake Inc and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990EZ for Youngs Lake Inc?
Youngs Lake Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Youngs Lake Inc
Youngs Lake Inc, as a nonprofit organization, is dedicated to preserving and maintaining its lake property for the enjoyment and recreational use of its members. The primary focus of Youngs Lake Inc is to ensure the lake remains suitable for fishing activities, providing an enjoyable pastime for its members. Additionally, the organization is committed to upholding the lake as a recreational space, allowing its members to engage in various outdoor activities. By maintaining the lake, Youngs Lake Inc aims to foster a sense of community among its members, offering a shared space for leisure and relaxation.
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Impact
October, 2024
Youngs Lake Inc plays a vital role in fostering community engagement and enhancing the quality of life for its members in Monmouth, IL. By maintaining the lake property, the organization ensures that local residents have access to a well-kept space for fishing and recreational activities. This not only promotes outdoor leisure and healthy lifestyles but also encourages camaraderie among members, fostering a strong sense of community.
The organization’s commitment to the upkeep of the lake property helps preserve the natural environment, contributing positively to local ecosystems. Additionally, Youngs Lake Inc serves as a hub for social interactions and community gatherings, enriching the cultural fabric of the area. Through its focused efforts, Youngs Lake Inc creates an inviting and enjoyable environment that enhances the recreational opportunities available to its members.
This information is meant to be a general summary of Youngs Lake Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $66
- Program Service Revenue: $69,269
- Gross Receipts: $142,870
Assets and Liabilities:
- Total Assets: $86,817
- Total Liabilities: $19,500
- Net Assets: $67,317
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Organization Details
Principal Officer
Bill Mcbride
NTEE Category
Code: T70 - Philanthropy
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