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Nonprofit · EIN 58-1448997

YMI CULTURAL CENTER INC

Tax-exempt · ASHEVILLE, NC 28801

Financials

$525K$534K2021$2.1M$358K2022$1.1M$459K2023$1M$455K2024
Revenue Expenses · by fiscal year end
Financials of YMI CULTURAL CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$1,001,160$455,022$546,138$6,981,542$3,577,791$3,403,751
June 30, 2024990$1,061,074$459,242$601,832$6,174,277$3,316,664$2,857,613
June 30, 2023990$2,055,281$357,775$1,697,506$4,016,899$1,689,772$2,327,127
June 30, 2022990$524,626$533,540-$8,914$1,282,862$653,241$629,621
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$968,873
of which government grants
$637,643
Program service revenue
$0
Investment income
$147
Net rental income
$20,953
Other revenue
$32,140

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$110,207
Salaries, compensation and benefits (total)
$123,635
Professional fundraising fees
$0
Legal fees
$46,318
Accounting fees
$30,750
Occupancy
$32,213
Depreciation
$86,533
Program services (functional)
$92,509
Management and general (functional)
$353,781
Fundraising (functional)
$8,732

Balance sheet and other

Total assets, start of year
$6,174,277
Total assets, end of year
$6,981,542
Total liabilities, end of year
$3,577,791
Net assets, end of year
$3,403,751
Land, buildings and equipment
$6,276,248
Net assets without donor restrictions
$3,365,740
Net assets with donor restrictions
$38,011
Gross receipts
$1,014,330
Employees
6
Volunteers
40
Year formed
1981
State of legal domicile
NC

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 June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
ANTHONY THOMASCHAIR
Trustee or director, Officer
10$0
IINDIA PEARSONVICE CHAIR
Trustee or director, Officer
1$0
MACKY BAHTREASURER
Trustee or director, Officer
10$0
SHERMAN WILLIAMSDIRECTOR
Trustee or director, Officer
1$0
NEX MILLENDIRECTOR
Trustee or director
5$0
JERMIAH ROBINSONDIRECTOR
Trustee or director
1$0
JULIA MCDOWELLDIRECTOR
Trustee or director
1$0
PATRICK CRUDUPDIRECTOR
Trustee or director
1$0
990 for the year ended June 30, 2024: 11 people
NameTitleHours / weekCompensation
ANTHONY THOMASCHAIR
Trustee or director, Officer
4$0
IINDIA PEARSONVICE CHAIR
Trustee or director, Officer
1$0
MACKY BAHTREASURER
Trustee or director, Officer
4$0
NINA IRELANDSECRETARY
Trustee or director, Officer
1$0
SHERMAN WILLIAMSDIRECTOR
Trustee or director, Officer
0.25$0
NEX MILLENDIRECTOR
Trustee or director
0.25$0
JERMIAH ROBINSONDIRECTOR
Trustee or director
0.25$0
TIFFANY DEBELLOTTDIRECTOR
Trustee or director
0.25$0
JULIA MCDOWELLDIRECTOR
Trustee or director
0.25$0
ANTHONY MCPHERSONDIRECTOR
Trustee or director
0.25$0
MICAH MACKENZIEDIRECTOR
Trustee or director
0.25$0
990 for the year ended June 30, 2023: 12 people
NameTitleHours / weekCompensation
ANTHONY THOMASCHAIR
Trustee or director, Officer
5$0
IINDIA PEARSONVICE CHAIR
Trustee or director, Officer
1$0
NINA IRELANDSECRETARY
Trustee or director, Officer
1$0
SHERMAN WILLIAMSTREASURER
Trustee or director, Officer
1$0
NEX MILLENDIRECTOR
Trustee or director
0.5$0
JOSIAH JUSTICE ROGERSDIRECTOR
Trustee or director
0.5$0
JERMIAH ROBINSONDIRECTOR
Trustee or director
0.5$0
TIFFANY DEBELLOTTDIRECTOR
Trustee or director
0.5$0
JULIA MCDOWELLDIRECTOR
Trustee or director
0.5$0
STEPHANIE LEEDIRECTOR
Trustee or director
0.5$0
ANTHONY MCPHERSONDIRECTOR
Trustee or director
0.5$0
PATRICK CRUDUPDIRECTOR
Trustee or director
0.5$0
990 for the year ended June 30, 2022: 9 people
NameTitleHours / weekCompensation
MONICA MCDANIELDIRECTOR
Trustee or director
0.5$1,975
ANTHONY THOMASCHAIR
Trustee or director, Officer
5$0
IINDIA PEARSONVICE CHAIR
Trustee or director, Officer
1$0
NINA IRELANDSECRETARY
Trustee or director, Officer
1$0
SHERMAN WILLIAMSTREASURER
Trustee or director, Officer
1$0
TROY TAYLORDIRECTOR
Trustee or director
0.5$0
JOSIAH JUSTICE ROGERSDIRECTOR
Trustee or director
0.5$0
JERMIAH ROBINSONDIRECTOR
Trustee or director
0.5$0
TIFFANY DEBELLOTTDIRECTOR
Trustee or director
0.5$0

Address and contacts

Address (IRS master file)
39 S MARKET ST STE B, ASHEVILLE, NC 28801-3726
Principal officer (990 for 2024)
ANTHONY THOMAS, 39 S MARKET STREET, ASHEVILLE, NC 28801
Signed the 990
MACKY BAH, TREASURER
Phone
(828) 252-4614
Return prepared by
GOULD KILLIAN CPA GROUP PA

Mission

THE YMICC'S MISSION IS TO EMPOWER THE BLACK COMMUNITY TO CELEBRATE ITS RICH CULTURAL HERITAGE THROUGH PROGRAMS THAT PRESERVE AND PROMOTE AFRICAN AMERICAN ARTS AND TRADITIONS WITH A COMMITMENT TO JUSTICE, EQUITY, DIVERSITY, AND INCLUSION.

990 for the year ended June 30, 2025

Program accomplishments

  • THE YMI CULTURAL CENTER ELEVATES BLACK COMMUNITIES THROUGH CULTURAL, ECONOMIC AND LEADERSHIP DEVELOPMENT ACTIVITIES.
    Expenses $92,509

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
58-1448997
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,981,542
Income (IRS master file)
$1,014,330

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$1,001,160$455,022$6,981,542IRS
990June 2024$1,061,074$459,242$6,174,277XML
990June 2023$2,055,281$357,775$4,016,899XML
990June 2022$524,626$533,540$1,282,862XML

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 58-1448997).

Questions about YMI CULTURAL CENTER INC

What is the EIN of YMI CULTURAL CENTER INC?
The employer identification number (EIN) of YMI CULTURAL CENTER INC is 58-1448997.
Is YMI CULTURAL CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to YMI CULTURAL CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does YMI CULTURAL CENTER INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of YMI CULTURAL CENTER INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did YMI CULTURAL CENTER INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of YMI CULTURAL CENTER INC?
The 990 for the year ended June 30, 2025 names ANTHONY THOMAS.
Who are the officers and directors of YMI CULTURAL CENTER INC?
The 990 for the year ended June 30, 2025 lists 8 people; 0 received compensation from the organization.
How much revenue does YMI CULTURAL CENTER INC have?
On its 990 for the year ended June 30, 2025 it reported revenue of $1,001,160, expenses of $455,022 and total assets of $6,981,542 at year end.

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