BING YOUTH INSTITUTE Charity Report

Tax-exempt status may be revoked

BING YOUTH INSTITUTE

EIN 47-2393025 · Adult & Child Matching Programs (O30)

What they do

THE MISSION of THE BING YOUTH INSTITUTE is to RECRUIT, CULTIVATE, and APPROPRIATELY TRAIN MEN WHO EMBRACE THE IDEA of DEVELOPING A NURTURING, TRUSTING, OPEN and HONEST RELATIONSHIP WITH A YOUNG BOY of COLOR THROUGH PARTICPATION IN OUR SIGNATURE BINGO (BOYS INSPIRED THROUGH NURTURING, GROWTH and OPPORTUNITIES) MENTORING PROGRAM.

Before you give

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This record may have an IRS status problem. Do not give until you verify it.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkThere may be a problem with its nonprofit status. Check before giving.

Money report from 2021The report may be old. Ask for a newer one.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

107.16%of revenue went to mission work75.8% of expenses · Program services

$141.36spent for every $100 of revenueSpending was higher than revenue this year.

34.21%of revenue went to management and office costs24.2% of expenses

$2.02in assets for every $1 spent this yearSome assets cannot be spent right away.

93.4%of its money came from giftsOther money may come from services or investments.

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Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $95,133 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $100,500 for ROBERT WARFIELD (TREASURER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2021

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$229,986

Mission workProgram services$246,448107.16% of revenue75.8% of expenses

ManagementOffice and general costs$78,67134.21% of revenue24.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$325,119141.36% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 75.8% mission · 24.2% management · 0.0% fundraisingTotal expenses: 141.36% of revenue

2020Expense mix: 75.1% mission · 17.6% management · 7.3% fundraisingTotal expenses: 124.72% of revenue

2019Expense mix: 85.2% mission · 14.8% management · 0.0% fundraisingTotal expenses: 96.71% of revenue

2018Expense mix: 78.8% mission · 15.0% management · 6.1% fundraisingTotal expenses: 119.10% of revenue

2017Expense mix: 74.2% mission · 23.1% management · 2.7% fundraisingTotal expenses: 71.71% of revenue

2016Expense mix: 73.5% mission · 21.1% management · 5.4% fundraisingTotal expenses: 53.83% of revenue

Money in and money out

Revenue$229,986

Expenses$325,119

Annual shortfall $95,133 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$246,448 · 75.8% of expenses

Management and office costs$78,671 · 24.2% of expenses

See all reported dollar amounts

Revenue$229,986

Expenses$325,119

Assets$656,862

Income$397,964

Contributions$214,725

Mission work (program services)$246,448

Management and general$78,671

Executive compensation (total)$10,000

Accounting fees$417

People

Leadership and board

Tax year 2021

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ROBERT WARFIELDTREASURER · 40 hrs/week $100,500

DAVE BINGPRESIDENT · 20 hrs/week $12,000

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

ROBERT WARFIELDTREASURER

DAVE BINGPRESIDENT

JIM COMERMEMBER

MATT SIMONCINIMEMBER

NICOLETTE LEWISMEMBER

PETER REMINGTONSECRETARY

About this charity

Recognized since: March 2015
Location: 151 W JEFFERSON AVE, DETROIT, MI 482264426
County: Wayne
In care of: DAVE BING
Primary officer: DAVE BING, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@bingyouthinstitute.orgPartnership Phone(313) 392-7016

Filing and classification

Latest tax year: 2021
Tax period began: January 1, 2021
Return type: 990
Tax preparer: CLD & ASSOCIATES LLC
NTEE classification: Adult & Child Matching Programs (O30)
IRS tax category: Adult & Child Matching Programs
Revocation date: May 15, 2025