Overview
What is Grays Harbor Ymca Endowment Management Association?
Grays Harbor Ymca Endowment Management Association is a nonprofit organization situated in Hoquiam, Washington. Its primary role is to invest and manage endowment funds that have been donated to the YMCA of Grays Harbor. The income generated from these investments is then allocated back to the YMCA for its general operational needs. In 2022, the Association contributed $149,010 towards the YMCA's operations. The nonprofit's mission underscores its commitment to supporting the YMCA and enhancing its capabilities through strategic financial management.
Official website here: www.ghymca.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Stars
The Grays Harbor YMCA Endowment Management Association has earned an 86% score, reflecting a strong commitment to accountability and finance. This score is derived entirely from its financial practices, highlighting the organization’s effective management of resources and transparency. The absence of material diversion of assets and a high program expense ratio of 89.03% indicate that funds are primarily directed towards its charitable programs.
The organization features a wholly independent board with 100% of its members meeting independence criteria, showcasing strong governance. The board size, consisting of three independent members, also meets best practices for nonprofit governance. Furthermore, essential documents such as board meeting minutes and tax forms are readily accessible on its website, which contributes to its transparency.
However, there are some areas for improvement, particularly regarding its whistleblower policy and document retention and destruction policies, both of which are currently missing. Addressing these gaps would enhance its governance framework and strengthen trust with stakeholders. Overall, the Grays Harbor YMCA Endowment Management Association demonstrates a solid foundation with notable strengths in financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Grays Harbor Ymca Endowment Management Association legitimate?
Grays Harbor Ymca Endowment Management Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Grays Harbor Ymca Endowment Management 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
Official website here: www.ghymca.net
What is the mission statement of Grays Harbor Ymca Endowment Management Association?
The Grays Harbor YMCA Endowment Management Association's primary role is to invest and manage the endowment funds donated to the YMCA of Grays Harbor. Its objective is to utilize the income generated from these investments to support the operations of the YMCA of Grays Harbor. In the year 2022, the association allocated $149,010 from its investments to contribute to the general operations of the YMCA of Grays Harbor. The association serves as a financial backbone, ensuring the continuous support and growth of the YMCA of Grays Harbor.
Official website here: www.ghymca.net
Who is the CEO of Grays Harbor Ymca Endowment Management Association?
Franzine Potts is the Bod of Grays Harbor Ymca Endowment Management Association.
Official website here: www.ghymca.net
What is the revenue of Grays Harbor Ymca Endowment Management Association?
Grays Harbor Ymca Endowment Management Association's revenue in 2022 was $128,025.
Official website here: www.ghymca.net
Who are the executives of Grays Harbor Ymca Endowment Management Association and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ghymca.net
Where can I find the form 990 for Grays Harbor Ymca Endowment Management Association?
Grays Harbor Ymca Endowment Management Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ghymca.net
Learn more at the official website: www.ghymca.net
Mission Statement of Grays Harbor Ymca Endowment Management Association
Grays Harbor YMCA Endowment Management Association is an organization with a mission to invest and manage all endowment funds that have been gifted to the YMCA of Grays Harbor. This association's primary role is to generate income from the investment of these funds. The income generated is then allocated to support the general operations of the YMCA of Grays Harbor. Essentially, the Grays Harbor YMCA Endowment Management Association serves as a financial steward, ensuring that the funds donated for the betterment of the YMCA are utilized effectively and efficiently. The association's work plays a crucial role in ensuring the financial stability and continuity of the YMCA's operations, thereby contributing to its mission of promoting health, wellness, and community development.
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Impact
October, 2024
Grays Harbor YMCA Endowment Management Association has a significant impact by effectively investing and managing endowment funds gifted to the YMCA of Grays Harbor. In 2022, the association allocated $149,010 in investment income, directly supporting the general operations of the YMCA. This financial contribution plays a crucial role in sustaining the organization's programs and services, ensuring they can continue to serve the community of Hoquiam, WA, and surrounding areas. By overseeing these funds, the association not only safeguards the financial health of the YMCA but also enhances its ability to deliver valuable resources and support to local residents.
This information is meant to be a general summary of Grays Harbor Ymca Endowment Management 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: $128,005
- Gross Receipts: $128,025
Assets and Liabilities:
- Total Assets: $2,089,267
- Total Liabilities: $0
- Net Assets: $2,089,267
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Organization Details
Founding Year
2004
Phone
(360) 533-3881Principal Officer
Franzine Potts
Main Address
2500 Simpson, Hoquiam, WA, 98550
Website
www.ghymca.netNTEE Category
Code: T30 - Philanthropy
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