Overview
What is Young Men's Educational Network?
The Young Men's Educational Network (YMEN) is a nonprofit organization situated in Chicago, Illinois. With over 300 participating at-risk students, YMEN offers a range of support services, including educational assistance, college prep classes, and academic tutoring and mentoring. Their mission is centered around preparing youth from North Lawndale for leadership, fostering their faith and character growth, cultivating a passion for learning, and encouraging them to utilize their talents and abilities to serve their community and strengthen families. This is accomplished through educational and mentoring services and community development activities. YMEN employs a team of eight dedicated individuals.
Official website here: www.ymenchicago.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating) from Charity Navigator.
The Young Men's Educational Network has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization scored 100% in Accountability & Finance, which is critical for potential donors assessing the charity's reliability and transparency. This high rating signifies a commitment to good governance and responsible financial management.
One of the notable strengths of the Young Men's Educational Network is its fully independent board, comprising eight members. This independence is crucial as it helps ensure that decisions are made in the best interest of the organization and its mission. Additionally, the charity has established a robust set of policies, including conflict of interest and whistleblower policies, further reinforcing its commitment to ethical practices.
While the organization has demonstrated excellent program expense efficiency with 89.35% of its expenses going directly to programs, there are inherent limitations to consider. The overall score is based solely on a single beacon score, which may not encompass all aspects of organizational performance. However, the financial standing, as indicated by a favorable liabilities to assets ratio of 0.57%, suggests that the Young Men's Educational Network is well-positioned to continue its important work in education.
This AI summary has been generated from information found on Charity Navigator.
Is Young Men's Educational Network legitimate?
Young Men's Educational Network is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Educational Network submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $136,880
Professional Fundraising Fees: $0
Other Salaries and Wages: $261,488
For more financial information, click here
Official website here: www.ymenchicago.com
What is the mission statement of Young Men's Educational Network?
The Young Men's Educational Network, with a mission to prepare at-risk youth, focuses on nurturing their faith, character, and love for learning. This organization aims to equip them with the necessary skills to serve their community and strengthen families. Through educational and mentoring services, community development activities, and college preparation classes, Young Men's Educational Network helps these students harness their gifts and abilities for the betterment of society. The network also provides academic tutoring and mentoring to over 300 participating students.
Official website here: www.ymenchicago.com
What is the revenue of Young Men's Educational Network?
Young Men's Educational Network's revenue in 2023 was $1,933,609.
Official website here: www.ymenchicago.com
Who are the executives of Young Men's Educational Network and what are their salaries?
The average compensation at Young Men's Educational Network during 2023 was $36,215. There are 11 employees and 25 volunteers at Young Men's Educational Network.
Here are 9 key members and their salaries:
- Compensation: $136,880
- Related: $0
- Other: $15,500
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ymenchicago.com
Where can I find the form 990 for Young Men's Educational Network?
Young Men's Educational Network's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ymenchicago.com
Learn more at the official website: www.ymenchicago.com
Mission Statement of Young Men's Educational Network
The Young Men's Educational Network (YMEN) is committed to preparing at-risk youth in North Lawndale for leadership. This is achieved by fostering their spiritual growth and character development, instilling a passion for learning, and encouraging them to utilize their talents and abilities to serve their community and strengthen their families. YMEN's mission is twofold: first, to help these youth grow in their faith and character, and second, to equip them with a love for learning. This holistic approach aims to empower these young individuals to make a positive impact in their community and strengthen their family ties. YMEN offers educational support, college preparation classes, academic tutoring, and mentoring services to over 300 participating at-risk students.
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Impact
October, 2024
The Young Men's Educational Network significantly impacts at-risk youth in North Lawndale by fostering leadership skills, character development, and a passion for education. With over 300 participating students, the organization provides essential support through educational programs, college prep classes, academic tutoring, and mentoring. This comprehensive approach not only equips young people with the necessary skills and knowledge to succeed academically but also encourages them to use their talents to serve the broader community. By focusing on personal growth and community service, YMEN strengthens families and cultivates a new generation of leaders committed to making a positive difference in their neighborhoods.
This information is meant to be a general summary of Young Men's Educational Network. 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 2023.
- Investment Income: $83,569
- Program Service Revenue: $44,065
- Gross Receipts: $2,266,934
Assets and Liabilities:
- Total Assets: $6,081,327
- Total Liabilities: $60,739
- Net Assets: $6,020,588
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALL OTHER PROGRAM SERV
Revenue
$44,065
Organization Details
Founding Year
1996
Principal Officer
Michael Trout
Website
www.ymenchicago.comNTEE Category
Code: B90 - Education
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