Joseph N Hermann Youth Center Inc
- Assets
- $1.2m
- Revenue
- $194.1k
- Investments
- $0.0
- Employees
- 0
- Location
- North Andover, MA
- Founding
- 01/1996
- Data as of
- 06/2022
- EIN
- 04-3264931
Organization Overview
Joseph N Hermann Youth Center Inc is located in North Andover, MA. The organization was established in 1996. According to its NTEE Classification (O99) the organization is classified as: Youth Development N.E.C., under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph N Hermann Youth Center Inc 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 06/2022, Joseph N Hermann Youth Center Inc generated $194.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $106.2k during the year ending 06/2022. While expenses have increased by 6.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MAINTAIN A COMMUNITY YOUTH CENTER
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT AND MAINTENANCE OF A COMMUNITY YOUTH CENTER
PROVIDE SCHOLARSHIPS
YOUTH CENTER GRANT EXPENSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rick Green President | OfficerTrustee | 2 | $0 |
Ken Martin Treasurer | OfficerTrustee | 2 | $0 |
Peter J Radulski Vice Preside | OfficerTrustee | 2 | $0 |
Alison Trundy Secretary | OfficerTrustee | 2 | $0 |
Tracy Beaudoin Director | Trustee | 2 | $0 |
Meghan Caron Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $52,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,500 |
| Total Program Service Revenue | $0 |
| Investment income | $17,332 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $23,598 |
| Net Income from Fundraising Events | $100,659 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $194,089 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,317 |
| Grants and other assistance to domestic individuals. | $34,435 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,266 |
| Fees for services: Other | $7,500 |
| Advertising and promotion | $0 |
| Office expenses | $7,732 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,675 |
| Travel | $0 |
| 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 | $411 |
| All other expenses | $0 |
| Total functional expenses | $106,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,913 |
| Savings and temporary cash investments | $226,885 |
| 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 | $959,104 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,198,902 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,198,902 |
| 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 | $1,198,902 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Joseph N Hermann Youth Center Inc has recieved totaling $4,000.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $2,500 |
Demoulas Market Basket Foundation Chelmsford, MA PURPOSE: YOUTH ORGANIZATIONS | $1,000 |
Salem Five Charitable Foundation Inc Salem, MA PURPOSE: EXEMPT PURPOSES | $350 |
Ge Foundation Norwalk, CT PURPOSE: MATCHING GIFTS | $100 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Child Center Of Ny Inc Forest Hills, NY | $26,297,895 | $69,605,197 |
Greater Lawrence Community Action Council Inc Lawrence, MA | $13,811,319 | $36,537,114 |
Roca Inc Chelsea, MA | $28,158,856 | $20,784,215 |
Southeast Bronx Neighborhood Centers Inc Bronx, NY | $6,007,816 | $13,549,762 |
Eastern Orthodox Management Corp Worcester, MA | $21,645,086 | $13,227,405 |
Global Kids Inc New York, NY | $4,141,577 | $7,282,340 |
The Brotherhood Sister Sol Inc New York, NY | $20,180,841 | $12,284,943 |
Youth Improving Non-Profits For Children New York, NY | $6,056,525 | $7,304,563 |
Scan Harbor Inc New York, NY | $5,917,279 | $2,994,479 |
Donation Center Foundation Of Rhode Island Providence, RI | $1,265,710 | $3,198,572 |
Waterbury Youth Services Inc Waterbury, CT | $1,999,942 | $2,776,043 |
Easter Seals Rhode Island Inc North Kingstown, RI | $784,990 | $2,747,030 |