Overview
What is Binghamton-Broome County Ymca?
The Binghamton-Broome County YMCA is a volunteer-led public charity, welcoming individuals of various ages, abilities, income levels, races, and religions. Their mission is to embody Christian principles by offering programs that foster holistic development, encompassing the spirit, mind, and body for all. The YMCA provides youth development and childcare services, including positive role models, self-esteem building, and character development programs. They offer a summer day camp that encourages personal growth, physical well-being, and social interaction. The YMCA is dedicated to offering high-quality childcare, catering to infants, preschoolers, and school-age children. Additionally, they provide aquatic programs to help children feel comfortable in water and learn essential swimming skills. Financial assistance is available for those in need, and their mission includes strengthening families within the community.
Official website here: www.ymcabroome.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Star rating)
The Binghamton-Broome County YMCA holds a solid Three-Star rating from Charity Navigator, reflecting a strong focus on accountability and finance. An overall score of 89% indicates that the organization has effective financial management practices in place, with a 100% independent board and rigorous oversight measures, suggesting a commitment to transparency and ethical governance.
Strengths of the organization include its high program expense ratio of 89.41%, demonstrating that the majority of funds are directed towards programs and services rather than administrative costs. Additionally, the organization has implemented various policies related to conflict of interest, whistleblower protection, and document retention, which further underscores its dedication to ethical practices and accountability.
However, there is a noted area for improvement in the liabilities to assets ratio, which stands at 59.69%. This indicates that while the YMCA is managing its finances well, there may be concerns regarding its long-term financial stability. Overall, the Binghamton-Broome County YMCA showcases strong governance and financial practices but should focus on enhancing its financial ratios for better sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Binghamton-Broome County Ymca legitimate?
Binghamton-Broome County Ymca is a legitimate nonprofit organization registered as a 501(c)(3) entity. Binghamton-Broome County Ymca 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,973,965
For more financial information, click here
Official website here: www.ymcabroome.org
What is the mission statement of Binghamton-Broome County Ymca?
The Binghamton-Broome County YMCA is a volunteer-led public charity that welcomes individuals of all ages, abilities, income levels, races, and religions. Its mission is to embody Christian principles through programs that foster healthy spirit, mind, and body for all. The organization offers youth development and childcare programs, providing children with positive role models and opportunities to develop self-esteem and good values. These programs, which include sports, arts, and family activities, promote cooperation, respect, good citizenship, and a strong work ethic. The YMCA also offers high-quality childcare services, comprehensive activities for infants, preschool, and school-age children, and financial assistance to those in need. The YMCA is committed to strengthening families and provides a safe aquatic environment for children, teaching them essential water safety skills.
Official website here: www.ymcabroome.org
Who is the CEO of Binghamton-Broome County Ymca?
Unavailable
Official website here: www.ymcabroome.org
What is the revenue of Binghamton-Broome County Ymca?
Binghamton-Broome County Ymca's revenue in 2022 was $2,986,522.
Official website here: www.ymcabroome.org
Who are the executives of Binghamton-Broome County Ymca and what are their salaries?
The average compensation at Binghamton-Broome County Ymca during 2022 was $7,621. There are 259 employees at Binghamton-Broome County Ymca.
Here are 13 key members and their salaries:
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- Compensation: $161,324
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Official website here: www.ymcabroome.org
Where can I find the form 990 for Binghamton-Broome County Ymca?
Binghamton-Broome County Ymca's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymcabroome.org
Learn more at the official website: www.ymcabroome.org
Mission Statement of Binghamton-Broome County Ymca
The Binghamton-Broome County YMCA is a volunteer-led public charity that embraces individuals of all ages, abilities, income levels, races, and religions. Its mission, rooted in Christian principles, is to foster healthy spirit, mind, and body for all through various programs. The organization's initiatives focus on youth development and childcare, providing children with positive role models and instilling values such as cooperation, respect, good citizenship, and strong work ethic. Family programs offer an opportunity for families to learn and grow together in a non-competitive environment. The YMCA's day camp offers a lasting experience of personal enrichment, combining adventure, learning activities, and promoting mental, physical well-being, social growth, and capabilities. The YMCA also provides high-quality childcare, catering to infants, preschool, and school-age children, thereby attracting and serving the diverse community. The YMCA's aquatic programs help children adapt to the aquatic environment, ensuring their safety in water and teaching life-long skills. Woven into its mission, the YMCA is committed to strengthening families, offering financial assistance to those in need.
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Impact
October, 2024
The Binghamton-Broome County YMCA plays a crucial role in enhancing the well-being of individuals and families within the community. By focusing on youth development and family programming, it provides children with positive role models, helping them to cultivate self-esteem and important values such as cooperation, respect, good citizenship, and a strong work ethic.
Through various initiatives, including youth aquatic programs and day camps, the YMCA promotes not just physical health but also mental and social growth. The camp experience offers children opportunities for adventure and learning, reinforcing personal development in a supportive environment. The organization is committed to inclusivity, attracting a diverse range of participants from different backgrounds and ensuring everyone has access to its programs, including those that provide high-quality childcare for infants, preschoolers, and school-age children.
A strong emphasis is placed on strengthening family bonds by creating opportunities for families to engage and grow together. By offering programs that foster a non-competitive atmosphere, the YMCA allows families to thrive collectively. Furthermore, the YMCA’s commitment to providing financial assistance ensures that all community members, regardless of their economic status, can benefit from its services. This holistic approach not only supports individual growth but also strengthens the fabric of the Binghamton community, promoting a healthier, more integrated society.
This information is meant to be a general summary of Binghamton-Broome County Ymca. 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: $1,480
- Program Service Revenue: $2,066,145
- Gross Receipts: $2,995,765
Assets and Liabilities:
- Total Assets: $4,113,955
- Total Liabilities: $2,455,682
- Net Assets: $1,658,273
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Revenue
Revenue
$729,875
Residence Revenue
Revenue
$439,399
Childcare Revenue -- Infant/Toddler/Preschool
Revenue
$419,479
Day Camp Revenue
Revenue
$130,272
Childcare Revenue -- School Age
Revenue
$32,226
Organization Details
Founding Year
1964
Phone
(607) 772-0560Main Address
61 SUSQUEHANNA STREET, BINGHAMTON, NY, 139013705
Website
www.ymcabroome.orgNTEE Category
Code: P27Z - Human services
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