Ypo Twin Cities Chapter FY2024 filing

Not tax-deductible

Minneapolis, MN501(c)(6)EIN 20-4128046Revenue $845K in FY2024

On file with the IRSypotwincities.org5605 13th Ave S, 55417-2526 · Minneapolis, MNTax-exempt since Mar 1989

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The development of better corporate presidents through education and idea exchange

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $50K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$331K
32% of total assets
Looks good: liabilities are 32% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$845K
-6% vs prior year
Spent
$815K
To programs
100%
Net assets
$707K
By yearFY2020–FY2025
Revenue
$845K
FY2024▼ -6%
Tap a bar for its year
Revenue by fiscal year
FY2020$631K
FY2021$783K
FY2022$680K
FY2023$899K
FY2024$845K
FY2025$920K
Expenses
$815K
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$551K
FY2021$749K
FY2022$616K
FY2023$808K
FY2024$815K
FY2025$920K
Net assets
$707K
FY2024▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$488K
FY2021$522K
FY2022$586K
FY2023$677K
FY2024$707K
FY2025$708K

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $815K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Asst Membership Officer
$0Pt VII · Sec A
Asst Learning Officer
$0Pt VII · Sec A
Memshp Engagement Officer
$0Pt VII · Sec A
Asst Membership Officer
$0Pt VII · Sec A
Membership Officer
$0Pt VII · Sec A
Finance Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Mentorship Officer
$0Pt VII · Sec A
See Ypo Twin Cities Chapter executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates and connects corporate leaders to improve their effectiveness.

Questions for Ypo Twin Cities Chapter

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Provided by the organization

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1 program · $815K · in their own filed words · FY2023
01

Educational meetings and conferences for chief executive officers to exchange ideas and practices pertaining to business management.

$815Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$845K
Ln 12
Fees for servicesLn 2g$839K
Investment incomeLn 3$6K
Money outPt IX
$815K
Ln 25
Programscol B$815K
Owns and owesPt X
$707K
net assets · Ln 32
Cash and savingsLn 1–2$930K
Total assetsLn 16$1.0M
LiabilitiesLn 26$331K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$839K
Investment incomeLn 3$6K
Total revenueLn 12$845K
Assets in detailPt X, end of year
CashLn 1$60K
SavingsLn 2$870K
Cash and savings togetherLn 1–2$930K
Total assetsLn 16$1.0M
LiabilitiesLn 26$331K
Net assetsLn 32$707K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$850K$930K
Total assetsLn 16$896K$1.0M
LiabilitiesLn 26$219K$331K
Net assetsLn 32$677K$707K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$139K$139K
Other employee benefitsLn 9$3K$3K
Payroll taxesLn 10$11K$11K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$1K$1K
Office expensesLn 13$7K$7K
TravelLn 17$3K$3K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$620K$620K
All other expensesLn 24e$13K$13K
Total functional expensesLn 25$815K$815K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $920K$920K$189$708K 990 PDF
FY2024 Viewing $845K$815K$31K$707K 990 PDF
FY2023 $899K$808K$90K$677K 990 PDF
FY2022 $680K$616K$64K$586K 990 PDF
FY2021 $783K$749K$34K$522K 990 PDF
FY2020 $631K$551K$81K$488K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $845,411 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $890,017$839,360
I-10 Investment incomePrior year $8,766$6,051
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $898,783$845,411
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $152,816$152,928
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $655,681$661,799
I-18 Total expensesPrior year $808,497$814,727
I-19 Revenue less expensesPrior year $90,286$30,684
Part VI · Governance 9 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $845,411 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $839,360$839,360
VIII-3 Investment incomeRelated to mission $6,051$6,051
VIII-12 Total revenueRelated to mission $845,411 · Unrelated business $0 · Excluded from tax $0$845,411
Part IX · Statement of functional expenses $814,727 across 11 lines filed
IX-7 Other salaries and wagesPrograms $138,601$138,601
IX-9 Other employee benefitsPrograms $3,423$3,423
IX-10 Payroll taxesPrograms $10,904$10,904
IX-11b Legal feesPrograms $1,856$1,856
IX-11c Accounting feesPrograms $7,998$7,998
IX-11g Other fees for servicesPrograms $1,000$1,000
IX-13 Office expensesPrograms $6,871$6,871
IX-17 TravelPrograms $3,019$3,019
IX-23 InsurancePrograms $8,450$8,450
IX-24 Other expenses (24a–d)Programs $619,605$619,605
IX-24e All other expensesPrograms $13,000$13,000
IX-25 Total functional expensesPrograms $814,727 · Management $0 · Fundraising $0$814,727
Part X · Balance sheet $1,038,567 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $51,630$60,299
X-2 Savings and temporary cash investmentsStart of year $798,038$870,086
X-9 Prepaid expenses and deferred chargesStart of year $45,885$108,182
X-16 Total assetsStart of year $895,553$1,038,567
X-17 Accounts payable and accrued expensesStart of year $29,900$5,981
X-19 Deferred revenueStart of year $188,989$325,238
X-26 Total liabilitiesStart of year $218,889$331,219
X-32 Total net assets or fund balancesStart of year $676,664$707,348
X-33 Total liabilities and net assetsStart of year $895,553$1,038,567
Part XI · Reconciliation of net assets $707,348 net assets at year end
XI-1 Total revenue$845,411
XI-2 Total expenses$814,727
XI-3 Revenue less expenses$30,684
XI-4 Net assets at start of year$676,664
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$707,348

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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