Overview
What is Duluth Area Family Ymca Heritage Foundation?
The Duluth Area Family Ymca Heritage Foundation is a nonprofit organization situated in Duluth, Minnesota, specifically at 302 W 1st Street. Its primary purpose is to support three entities: The Duluth Area Family YMCA, Sturgeon Lake YMCA Properties, Inc, and Duluth YMCA Property, Inc. The Foundation's mission is to aid and benefit the Duluth Area Family YMCA, Inc., as stated in its organizational structure. It serves as a financial backbone, holding funds to support the YMCA's operations and initiatives. This nonprofit endeavors to contribute positively to the Duluth Area Family YMCA's ongoing operations and growth.
Official website here: www.duluthymca.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The Duluth Area Family YMCA Heritage Foundation has received a 1-Star out of Four Star rating from Charity Navigator, reflecting a score of 57% based on its Accountability & Finance metrics. The overall score indicates significant room for improvement, particularly in financial management and transparency. This rating is primarily driven by a low Program Expense Ratio, suggesting that a smaller proportion of its expenditures are directed toward its programs relative to its total expenses.
On a positive note, the organization scores well in several governance areas, including having an entirely independent board and maintaining a conflict of interest policy. They also have procedures in place for whistleblowing and document retention, indicating a commitment to accountability in those areas.
However, notable limitations include the absence of the nonprofit's tax form on its website, which is a critical transparency measure. Additionally, the liabilities to assets ratio is reported at 0.00%, raising concerns about the organization's financial sustainability. Overall, while there are strengths in governance, the foundation faces challenges in its financial practices that could impact its long-term effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Duluth Area Family Ymca Heritage Foundation?
78% of the 340 reviewers on Facebook recommend the Duluth Area Family YMCA Heritage Foundation. Here is a summary of their reviews:
Many people express love for the organization, highlighting the great people and staff. The sense of community and support provided by the YMCA resonates well with users, making them feel valued and welcomed.
Overall, those who have engaged with the Duluth Area Family YMCA Heritage Foundation appreciate the positive atmosphere and the dedication of the staff, indicating that it fulfills its promise of being a nurturing environment for individuals and families.
This AI summary has been generated from reviews found on Facebook.
Is Duluth Area Family Ymca Heritage Foundation legitimate?
Duluth Area Family Ymca Heritage Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Duluth Area Family Ymca Heritage Foundation 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
Official website here: www.duluthymca.org
What is the mission statement of Duluth Area Family Ymca Heritage Foundation?
The Duluth Area Family YMCA Heritage Foundation's mission is centered around supporting the Duluth Area Family YMCA. Established for this purpose, the foundation maintains funds intended to benefit the YMCA organization. Its primary activity is providing operational support to related entities such as the Duluth Area Family YMCA, Sturgeon Lake YMCA Properties, and Duluth YMCA Property Inc. Essentially, the foundation's role is to contribute financially to the operations and well-being of these YMCA entities.
Official website here: www.duluthymca.org
Who is the CEO of Duluth Area Family Ymca Heritage Foundation?
Sara Cole is the Chair of Duluth Area Family Ymca Heritage Foundation. The CEO's salary of Duluth Area Family Ymca Heritage Foundation is $0 and their total compensation is $243,314.
Official website here: www.duluthymca.org
What is the revenue of Duluth Area Family Ymca Heritage Foundation?
Duluth Area Family Ymca Heritage Foundation's revenue in 2022 was $559,659.
Official website here: www.duluthymca.org
Who are the executives of Duluth Area Family Ymca Heritage Foundation and what are their salaries?
Here are 13 key members and their salaries (Duluth Area Family Ymca Heritage Foundation's CEO's salary is $0 and their total compensation is $243,314):
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- Related: $204,576
- Other: $38,738
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- Related: $128,527
- Other: $46,697
Official website here: www.duluthymca.org
Where can I find the form 990 for Duluth Area Family Ymca Heritage Foundation?
Duluth Area Family Ymca Heritage Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.duluthymca.org
Learn more at the official website: www.duluthymca.org
Mission Statement of Duluth Area Family Ymca Heritage Foundation
The Duluth Area Family YMCA Heritage Foundation is established with the primary objective of supporting the Duluth Area Family YMCA, Inc. This nonprofit organization is dedicated to holding funds that ultimately benefit the aforementioned YMCA institution. Its mission is to provide operating support to various affiliated entities, including Sturgeon Lake YMCA Properties, Inc., and Duluth YMCA Property, Inc., all aiming to contribute positively to the Duluth Area Family YMCA's operations. By doing so, the Foundation plays a crucial role in promoting the overall growth and success of this vital community organization.
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Impact
July, 2024
The impact of the Duluth Area Family YMCA Heritage Foundation is primarily focused on providing operating support to the Duluth Area Family YMCA, Sturgeon Lake YMCA Properties, Inc., and Duluth YMCA Property, Inc. Through its efforts, the Foundation plays a crucial role in ensuring the sustainability and success of these organizations in serving their community. The Foundation's activities directly contribute to the enhancement of human services in Duluth, MN, and the surrounding areas.
This information is meant to be a general summary of Duluth Area Family Ymca Heritage Foundation. 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: $82,865
- Gross Receipts: $559,659
Assets and Liabilities:
- Total Assets: $7,787,577
- Total Liabilities: $0
- Net Assets: $7,787,577
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Organization Details
Founding Year
2004
Phone
(218) 722-4745Principal Officer
Sara Cole
Main Address
302 W 1st Street, Duluth, MN, 55802
Website
www.duluthymca.orgNTEE Category
Code: P27 - Human services
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