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Wabash County Youth Foundation

IRS exemption revoked

Mount Carmel, ILUnknown exempt organization EIN 37-6046121Revenue $155K in FY2021

On file with the IRS15039 Four H Center Ln · Mount Carmel, IL

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To promote educational activities for hundreds of area Youth.

63¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $52K a year · 36% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
121 mo
of spending, in cash
Looks good: 120.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$30K
3% of total assets
Looks good: liabilities are 3% 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
$155K
+16% vs prior year
Spent
$90K
To programs
63%
Net assets
$1.1M
By yearFY2020–FY2021
Revenue
$155K
FY2021▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$134K
FY2021$155K
Expenses
$90K
FY2021▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2020$95K
FY2021$90K
Net assets
$1.1M
FY2021▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.0M
FY2021$1.1M

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $57K Management & general 37% · $33K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Dean Klaus
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Andy Anderson
Vice-Preside
$0Pt VII · Sec A
Barbara Henze
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Wabash County Youth Foundation 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

Provides educational activities for hundreds of local youth.

Questions for Wabash County Youth Foundation

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Provided by the organization

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1 program · $57K · in their own filed words · FY2021
01

To promote educational activities for hundreds of area youth.

$57Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$155K
Ln 12
Investment incomeLn 3$119K
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$15K
Money outPt IX
$90K
Ln 25
Programscol B$57K
Managementcol C$33K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$907K
Total assetsLn 16$1.1M
LiabilitiesLn 26$30K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$18K
Fees for servicesLn 2g$15K
Investment incomeLn 3$119K
Other incomeLn 4–11$3K
Gains on assetsLn 7$3K
Total revenueLn 12$155K
Assets in detailPt X, end of year
CashLn 1$24K
SavingsLn 2$883K
Cash and savings togetherLn 1–2$907K
Land, buildings, equipmentLn 10c$217K
Total assetsLn 16$1.1M
LiabilitiesLn 26$30K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
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 FY21End FY21
Cash and savingsLn 1–2$843K$907K
Land, buildings, equipmentLn 10c$234K$217K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$42K$30K
Net assetsLn 32$1.0M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$5K$5K
Accounting feesLn 11c$2K$2K
Investment management feesLn 11f$9K$9K
OccupancyLn 16$18K$18K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$21K$3K$18K
All other expensesLn 24e$3K$1K$2K
Total functional expensesLn 25$90K$57K$33K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest Viewing $155K$90K$65K$1.1M 990 PDF
FY2020 $134K$95K$39K$1.0M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $155,316 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,579$18,360
I-9 Program service revenuePrior year $8,897$15,227
I-10 Investment incomePrior year $89,395$118,517
I-11 Other revenuePrior year $225$3,212
I-12 Total revenuePrior year $134,096$155,316
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $95,412$90,278
I-18 Total expensesPrior year $95,412$90,278
I-19 Revenue less expensesPrior year $38,684$65,038
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 $155,316 across 7 lines filed
VIII-1f All other contributions, gifts and grants$18,360
VIII-1h Total contributions, gifts and grants$18,360
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $15,227$15,227
VIII-3 Investment incomeRelated to mission $4,070 · Excluded from tax $111,858$115,928
VIII-7 Net gain or loss on sales of assetsRelated to mission $2,589$2,589
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,212$3,212
VIII-12 Total revenueRelated to mission $25,098 · Excluded from tax $111,858$155,316
Part IX · Statement of functional expenses $90,278 across 9 lines filed
IX-11a Management feesPrograms $4,700$4,700
IX-11c Accounting feesManagement $1,725$1,725
IX-11f Investment management feesManagement $9,290$9,290
IX-16 OccupancyPrograms $17,627$17,627
IX-20 InterestManagement $2,204$2,204
IX-22 Depreciation, depletion and amortizationPrograms $17,630$17,630
IX-23 InsurancePrograms $12,257$12,257
IX-24 Other expenses (24a–d)Programs $3,253 · Management $18,112$21,365
IX-24e All other expensesPrograms $1,488 · Management $1,992$3,480
IX-25 Total functional expensesPrograms $56,955 · Management $33,323 · Fundraising $0$90,278
Part X · Balance sheet $1,123,729 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $27,578$23,774
X-2 Savings and temporary cash investmentsStart of year $815,540$883,385
X-10c Land, buildings and equipment, netStart of year $234,200$216,570
X-16 Total assetsStart of year $1,077,318$1,123,729
X-17 Accounts payable and accrued expensesStart of year $2,175$1,683
X-24 Unsecured notes and loans payableStart of year $40,226$28,578
X-26 Total liabilitiesStart of year $42,401$30,261
X-27 Net assets without donor restrictionsStart of year $1,034,917$327,782
X-28 Net assets with donor restrictions$765,686
X-32 Total net assets or fund balancesStart of year $1,034,917$1,093,468
X-33 Total liabilities and net assetsStart of year $1,077,318$1,123,729
Part XI · Reconciliation of net assets $1,093,468 net assets at year end
XI-1 Total revenue$155,316
XI-2 Total expenses$90,278
XI-3 Revenue less expenses$65,038
XI-4 Net assets at start of year$1,034,917
XI-5 Net unrealized gains (losses) on investments−$6,487
XI-10 Net assets at end of year$1,093,468

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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