Nonprofit · EIN 23-7553139
YOUNG MENS INSTITUTE
Also known as 2 SAN JOSE
Tax-exempt · SAN JOSE, CA 95155
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2024 | 990 | $26,705 | $40,952 | -$14,247 | $696,342 | $0 | $696,342 |
Financial details: 990 for the year ended March 31, 2024
Revenue
- Contributions, gifts and grants
- $1,476
- Membership dues
- $1,476
- Program service revenue
- $0
- Investment income
- $25,229
- Net gain from sales of assets
- $8,839
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,300
- Occupancy
- $1,206
Balance sheet and other
- Total assets, start of year
- $634,859
- Total assets, end of year
- $696,342
- Total liabilities, end of year
- $0
- Net assets, end of year
- $696,342
- Gross receipts
- $48,606
- Employees
- 0
- Year formed
- 1883
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FATHER PAOLO GOBBO | EXECUTIVE CO Trustee or director | – | $0 |
| CHUCK GULLO JR | EXECUTIVE CO Trustee or director | – | $0 |
| JOE VALENTI | EXECUTIVE CO Trustee or director | – | $0 |
| LARRY GALLEGOS | MARSHALL Officer | – | $0 |
| STAN MARTINEZ | FIRST VICE P Officer | – | $0 |
| RICH O'BRIEN | SECOND VICE Officer | – | $0 |
| DANIEL PALERMO | TREASURER Officer | – | $0 |
| ALEX PRECIADO | PRESIDENT Officer | – | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 8295, SAN JOSE, CA 95155-8295
- In care of
- % GRAND SECRETARY
- Principal officer (990 for 2023)
- ALEX PRECIADO, PO BOX 612473, SAN JOSE, CA 95161
- Signed the 990
- DANIEL PALERMO, TREASURER
- Phone
- (408) 802-2958
- Website
- YMISJ2.ORG
- Return prepared by
- THE GAEL KNIGHT COMPANY
California records
California keeps its own records of charities and corporations. Search them by EIN 23-7553139 or by the name YOUNG MENS INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
MISSION IS TO PROVIDE FOR THE MUTUAL AID AND GOODWILL, THE MORAL, INTELLECTUAL, AND SOCIAL IMPROVEMENT OF ITS MEMBERS, DEVOTION TO THE CATHOLIC CHURCH, AND LOYALTY TO OUR COUNTRY IN ACCORDANCE WITH ITS MOTTO "PRO DEO, PRO PATRIA - FOR GOD, FOR COUNTRY."
Program accomplishments
- YMI WAS ABLE TO HOST ON SITE MONTHLY MEETINGS AND SOCIAL EVENTS FOR THE MEMBERS DURING THE PAST YEAR. THE YMI SCHOLARSHIP PROGRAM AWARDED 7 STUDENTS WITH SCHOLARSHIPS TOTALING 6,050. THE YMI MADE DONATIONS TO VARIOUS CHARITY GROUPS FOR A TOTAL AMOUNT OF 6,030.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | Not on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7553139
- Tax-exempt status
- 501(c)(8): Fraternal beneficiary society
- Exempt since
- 1972
- Accounting year ends
- March
- Files
- Form 990-N (e-Postcard)
- Group exemption
- 0321: YOUNG MENS INSTITUTE GRAND COUNCIL
- Assets (IRS master file)
- $696,342
- Income (IRS master file)
- $48,606
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2024 | $26,705 | $40,952 | $696,342 | XML |
| 990 | March 2023 | $37,384 | $35,429 | $634,859 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7553139).
Questions about YOUNG MENS INSTITUTE
- What is the EIN of YOUNG MENS INSTITUTE?
- The employer identification number (EIN) of YOUNG MENS INSTITUTE is 23-7553139.
- Is YOUNG MENS INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1972.
- Which annual return does YOUNG MENS INSTITUTE file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of YOUNG MENS INSTITUTE due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did YOUNG MENS INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2024.
- Who is the principal officer of YOUNG MENS INSTITUTE?
- The 990 for the year ended March 31, 2024 names ALEX PRECIADO.
- Who are the officers and directors of YOUNG MENS INSTITUTE?
- The 990 for the year ended March 31, 2024 lists 8 people; 0 received compensation from the organization.
- How much revenue does YOUNG MENS INSTITUTE have?
- On its 990 for the year ended March 31, 2024 it reported revenue of $26,705, expenses of $40,952 and total assets of $696,342 at year end.
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