Overview
What is Mclennan County Youth Activities Association?
Mclennan County Youth Activities Association is a nonprofit organization that primarily generates revenue through an annual livestock show. A significant portion of these earnings is allocated to award scholarships to local students and provide grants to 4H and FFA programs within the community. The remaining funds are used to cover show expenses and reward show exhibitors. The organization's primary mission is to support local youth by fostering educational opportunities and encouraging agricultural involvement.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 75% (Three-Star out of Four Star rating)
The Mclennan County Youth Activities Association has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The overall score is driven solely by their accountability metrics, which indicate a high level of transparency and responsible financial management. The organization has demonstrated strong governance with a completely independent board and no material diversion of assets.
Notable strengths include a remarkable program expense ratio of 99.84%, suggesting that almost all of its funding is directed towards its programs rather than administrative costs. Additionally, the organization adheres to best practices by maintaining clear conflict of interest and document retention policies, further enhancing its credibility.
While the accountability and finance score is commendable, the absence of any ratings in other performance areas may indicate a need for improvement and broader assessment in categories like impact and effectiveness. Overall, the financial health of the organization appears robust, which is crucial for sustaining its mission and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mclennan County Youth Activities Association legitimate?
Mclennan County Youth Activities Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mclennan County Youth Activities 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mclennan County Youth Activities Association?
The Mclennan County Youth Activities Association focuses on awarding scholarships to local students and providing grants to 4H and FFA programs. The primary source of its funding is an annual livestock show, where proceeds are allocated to various purposes. A significant portion of the revenue is given to show exhibitors as awards, while the remaining funds are utilized for funding scholarships and grants, and covering the operational expenses of the show.
Who is the CEO of Mclennan County Youth Activities Association?
Cathy Wood is the Board Member of Mclennan County Youth Activities Association.
What is the revenue of Mclennan County Youth Activities Association?
Mclennan County Youth Activities Association's revenue in 2023 was $1,095,710.
Who are the executives of Mclennan County Youth Activities Association and what are their salaries?
There 24 volunteers at Mclennan County Youth Activities Association.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Mclennan County Youth Activities Association?
Mclennan County Youth Activities Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mclennan County Youth Activities Association
Mclennan County Youth Activities, a nonprofit organization, is dedicated to supporting local students and agricultural programs through scholarships and grants. The primary source of their funding comes from an annual livestock show. The proceeds from this event are distributed in various ways. A portion is awarded to show exhibitors, another portion is allocated for funding scholarships and grants, and the remaining portion is utilized to cover the show's operating expenses. In essence, Mclennan County Youth Activities plays a significant role in fostering education and agricultural development within its community.
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Impact
October, 2024
The McLennan County Youth Activities Association significantly impacts the community by fostering youth development through educational and financial support. By awarding scholarships to local students, the organization helps ensure that young people have access to higher education, thereby enhancing their career prospects and contributing to the growth of a skilled workforce.
In addition, granting funds to local 4H and FFA programs supports agricultural education and empowers students to develop valuable skills in leadership, teamwork, and responsibility. These programs not only teach essential agricultural practices but also promote community involvement and personal growth among participants.
The association's revenue primarily comes from sales generated during an annual livestock show, a vibrant community event that brings together families, students, and local businesses. The proceeds from the show are reinvested into the community by funding scholarships, grants, and necessary operational expenses. This cyclical support reinforces the association's commitment to local youth and encourages ongoing participation in agricultural and educational activities, positively shaping the future of McLennan County.
This information is meant to be a general summary of Mclennan County Youth Activities 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 2023.
- Investment Income: $11,044
- Program Service Revenue: $1,084,717
- Gross Receipts: $1,099,879
Assets and Liabilities:
- Total Assets: $744,550
- Total Liabilities: $0
- Net Assets: $744,550
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIVESTOCK SHOW SALES
Revenue
$983,150
SPONSORS
Revenue
$36,950
ENTRY FEES
Revenue
$40,179
OTHER
Revenue
$24,438
Organization Details
Founding Year
1986
Phone
(254) 776-1660Principal Officer
Cathy Wood
Main Address
PO BOX 8990, WACO, TX, 76714
NTEE Category
Code: N31 - Recreation
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