Overview
What is Young Womens Christian Association Of The Central Carolinas Endowment Inc?
Young Women's Christian Association of the Central Carolinas Endowment Inc is a charitable organization, headquartered in Charlotte, North Carolina. Their primary mission is to raise funds and manage capital assets for the benefit of Young Women's Christian Association of the Central Carolinas, Inc., a nonprofit organization that holds tax-exempt status under section 501(c)(3) of the Internal Revenue Service code. By doing so, they aim to support the overall operations and growth of the Young Women's Christian Association within the Central Carolinas region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Star rating)
The Young Women's Christian Association of the Central Carolinas Endowment Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and accountability. While the organization showcases strong governance practices, such as having a fully independent board and comprehensive conflict of interest and whistleblower policies, its overall score is dampened by poor financial management.
One notable strength of the organization is its solid governance structure, as evidenced by the 100% independent board members and effective management policies. However, the charity has a concerning ratio of liabilities to assets, standing at 100%, which may pose risks to its financial stability. Moreover, the organization has reported no program expenses, raising questions about its effectiveness in delivering services and fulfilling its mission.
The low program expense ratio is a significant limitation, as it suggests that a large portion of the charity's resources may not be directed toward its programs and beneficiaries. This could potentially hinder the organization's ability to make a meaningful impact in the community it serves. Overall, while the governance of the Young Women's Christian Association of the Central Carolinas Endowment Inc is commendable, its financial practices need improvement to enhance its rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Young Womens Christian Association Of The Central Carolinas Endowment Inc legitimate?
Young Womens Christian Association Of The Central Carolinas Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Womens Christian Association Of The Central Carolinas Endowment Inc 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
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What is the mission statement of Young Womens Christian Association Of The Central Carolinas Endowment Inc?
The Young Women's Christian Association of the Central Carolinas Endowment Inc's mission is focused on raising financial support and managing capital assets. This is done to benefit the Young Women's Christian Association of the Central Carolinas Inc., a non-profit organization exempt from income taxes under section 501(c)(3) of the IRS code. The endowment's primary goal is to provide financial backing and asset management services to support the operations and growth of the main organization.
What is the revenue of Young Womens Christian Association Of The Central Carolinas Endowment Inc?
Young Womens Christian Association Of The Central Carolinas Endowment Inc's revenue in 2024 was $6,209.
Who are the executives of Young Womens Christian Association Of The Central Carolinas Endowment Inc and what are their salaries?
There 7 volunteers at Young Womens Christian Association Of The Central Carolinas Endowment Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Young Womens Christian Association Of The Central Carolinas Endowment Inc?
Young Womens Christian Association Of The Central Carolinas Endowment Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Young Womens Christian Association Of The Central Carolinas Endowment Inc
The Young Women's Christian Association of the Central Carolinas Endowment Inc, as a charitable entity, is committed to raising funds and managing capital assets. This nonprofit organization, with tax-exempt status under section 501(c)(3) of the IRS code, serves as a financial backbone for its parent organization, the Young Women's Christian Association of the Central Carolinas. The primary goal of the Endowment is to provide the necessary financial support and asset management services, ensuring the continued operation and growth of the Young Women's Christian Association of the Central Carolinas. This mission is crucial in enabling the parent organization to fulfill its mission and serve its community effectively.
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Impact
October, 2024
The Young Women's Christian Association of the Central Carolinas Endowment Inc. significantly impacts the community by generating financial support and managing capital assets that directly benefit the Young Women's Christian Association of the Central Carolinas. This support enables the YWCA to implement essential human services programs, fostering empowerment, social justice, and community development. By ensuring a stable financial foundation, the Endowment Inc. enhances the YWCA's capacity to serve women and families in the Central Carolinas, addressing critical issues such as economic stability, education, and personal safety. As a result, the organization can effectively promote equity and provide vital resources, ultimately contributing to a stronger, more inclusive community.
This information is meant to be a general summary of Young Womens Christian Association Of The Central Carolinas Endowment Inc. 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 2024.
- Program Service Revenue: $4,209
- Gross Receipts: $6,209
Assets and Liabilities:
- Total Assets: $7,081,617
- Total Liabilities: $7,081,617
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Management fees
Revenue
$4,209
Organization Details
Founding Year
2007
Principal Officer
Sherri York
NTEE Category
Code: P27 - Human services
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