Overview
What is Cambridge Young Mens Christian Association?
The Cambridge Young Men's Christian Association (YMCA) is a nonprofit organization situated in Cambridge, Massachusetts. Their mission is to foster lifelong growth in children, adults, and families, encompassing spiritual, intellectual, and physical development. They accomplish this goal through a diverse array of activities, catering to a community that is diverse in terms of race, religion, ethnicity, and economic background. One of their significant initiatives is an affordable, high-quality preschool program, which accepts vouchers and offers scholarships for lower-income families to help cover the cost of preschool programs. This program serves around 40 families annually. The organization employs a team of 105 individuals, dedicated to enriching the lives of their community members.
Official website here: www.cambridgeymca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator.
The Cambridge Young Men's Christian Association has received a high rating of 96% from Charity Navigator, indicating a strong commitment to accountability and financial health. The charity's score is based entirely on its outstanding performance in the Accountability & Finance beacon, which reflects sound practices in governance and transparency.
One of the notable strengths of the organization is its board composition, with 88% of members being independent, ensuring effective oversight and decision-making. The organization also demonstrates robust financial management, as evidenced by its low liabilities to assets ratio and high program expense ratio, indicating that a significant portion of its funds is allocated directly to programs rather than administrative costs.
While the organization excels in many areas, it is essential for potential donors and supporters to consider how these financial metrics translate into community impact. Nevertheless, the Cambridge Young Men's Christian Association's transparency and governance practices position it as a reliable nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Young Mens Christian Association legitimate?
Cambridge Young Mens Christian Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Young Mens Christian Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $370,469
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,294,008
For more financial information, click here
Official website here: www.cambridgeymca.org
What is the mission statement of Cambridge Young Mens Christian Association?
The Cambridge Young Men's Christian Association's mission is centered around promoting and inspiring lifelong development for children, adults, and families. This is achieved through a diverse array of programs that foster a healthy spirit, mind, and body. The association serves a community that is rich in racial, religious, ethnic, and economic diversity. They offer a preschool program, providing affordable, high-quality childcare for families with preschoolers. The program accepts vouchers and provides scholarships for lower-income families to help cover the costs of preschool programs, serving approximately 40 families each year.
Official website here: www.cambridgeymca.org
Who is the CEO of Cambridge Young Mens Christian Association?
David Knisely is the Chairman of Cambridge Young Mens Christian Association. The CEO's salary of Cambridge Young Mens Christian Association is $179,841 and their total compensation is $202,711.
Official website here: www.cambridgeymca.org
What is the revenue of Cambridge Young Mens Christian Association?
Cambridge Young Mens Christian Association's revenue in 2022 was $3,528,214.
Official website here: www.cambridgeymca.org
Who are the executives of Cambridge Young Mens Christian Association and what are their salaries?
The average compensation at Cambridge Young Mens Christian Association during 2022 was $15,852. There are 105 employees and 77 volunteers at Cambridge Young Mens Christian Association.
Here are 10 key members and their salaries (Cambridge Young Mens Christian Association's CEO's salary is $179,841 and their total compensation is $202,711):
- Compensation: $179,841
- Related: $0
- Other: $22,870
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $118,394
- Related: $0
- Other: $20,095
Official website here: www.cambridgeymca.org
Where can I find the form 990 for Cambridge Young Mens Christian Association?
Cambridge Young Mens Christian Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cambridgeymca.org
Learn more at the official website: www.cambridgeymca.org
Mission Statement of Cambridge Young Mens Christian Association
The Cambridge Young Men's Christian Association, often abbreviated as CYMCA, is dedicated to fostering lifelong development in children, adults, and families. This is achieved through a diverse array of programs designed to nurture a healthy spirit, mind, and body. The association serves a community that celebrates its racial, religious, ethnic, and economic diversity.
The mission of CYMCA is centered around promoting and inspiring personal growth. It accomplishes this goal by offering a wide variety of activities that cater to the needs of its diverse community. These activities are purposefully designed to encourage holistic development, nurturing the physical, mental, and spiritual aspects of an individual.
In essence, CYMCA aims to create an environment where everyone, regardless of their background, can grow and thrive. This is achieved by providing a broad spectrum of programs that cater to the unique needs and interests of its community members.
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Impact
July, 2024
The Cambridge Young Men's Christian Association's impact is significant in promoting and inspiring life-long development for children, adults, and families. Through programs that focus on building a healthy spirit, mind, and body for all, the organization serves a community rich in racial, religious, ethnic, and economic diversity. One of their key initiatives is the preschool program, which provides affordable, quality child care for families with preschoolers. This program accepts vouchers and offers scholarships to lower-income families, serving 40 families a year. Overall, the association's work plays a crucial role in supporting the well-being and development of individuals and families in the community.
This information is meant to be a general summary of Cambridge Young Mens Christian Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,159
- Program Service Revenue: $2,232,100
- Gross Receipts: $3,528,214
Assets and Liabilities:
- Total Assets: $4,466,666
- Total Liabilities: $592,826
- Net Assets: $3,873,840
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,217,537
TUITION AND FEES
Revenue
$1,000,998
INT INCOME - NOTE RECE
Revenue
$13,565
Organization Details
Founding Year
1883
Phone
(617) 661-9622Principal Officer
David Knisely
Main Address
820 MASSACHUSETTS AVENUE, CAMBRIDGE, MA, 02139
Website
www.cambridgeymca.orgNTEE Category
Code: P20 - Human services
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