Overview
What is Broome County Ymca Foundation?
The Broome County YMCA Foundation is a charitable organization situated in Binghamton, New York. Its primary mission is to aid the Broome County YMCA, a public charity that caters to individuals of diverse backgrounds, including age, ability, income, race, and religion. The Foundation's role is to provide essential support to the YMCA, helping them deliver programs that promote holistic well-being, focusing on the spirit, mind, and body. By doing so, the Foundation aligns with the YMCA's Christian principles, fostering an inclusive environment for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Broome County YMCA Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance management. The organization’s overall score is derived entirely from its Accountability & Finance metrics, which received a perfect score of 94%. This high rating indicates effective financial practices and transparency.
One of the notable strengths of the foundation is its governance structure, with a fully independent board consisting of five members, ensuring unbiased decision-making. Additionally, the organization has implemented robust policies including conflict of interest, whistleblower protections, and document retention, all of which contribute to its high accountability profile. The financial health is also demonstrated by a low liabilities to assets ratio of 20.27% and a program expense ratio of 75.08%, signaling that a significant portion of funds is directed toward its programs.
There are no limitations highlighted in the data, showcasing the foundation's strong operational practices. Overall, the Broome County YMCA Foundation stands out for its commitment to fiscal responsibility and effective governance, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Broome County Ymca Foundation legitimate?
Broome County Ymca Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broome County Ymca 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
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What is the mission statement of Broome County Ymca Foundation?
The Broome County YMCA Foundation serves to support the mission of the Broome County YMCA, a public charity that embraces individuals of various ages, abilities, income levels, races, and religions. The mission of the Broome County YMCA is to embody Christian values by implementing programs that foster a healthy spirit, mind, and body for all. The Foundation aids the Broome County YMCA in Binghamton, NY, by providing essential assistance to achieve this mission.
In essence, the Broome County YMCA Foundation's role is to strengthen the Broome County YMCA's capacity to uphold its mission, which encompasses promoting overall well-being and inclusivity through diverse programs that cater to the spiritual, mental, and physical development of individuals from all walks of life.
By offering vital aid to the Broome County YMCA, the Foundation plays a pivotal role in empowering the community by fostering an environment that encourages personal growth and development while advocating for unity and acceptance.
Who is the CEO of Broome County Ymca Foundation?
Rick Woidt is the Secretary of Broome County Ymca Foundation.
What is the revenue of Broome County Ymca Foundation?
Broome County Ymca Foundation's revenue in 2022 was $118,656.
Who are the executives of Broome County Ymca Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Broome County Ymca Foundation?
Broome County Ymca Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Broome County Ymca Foundation
The Broome County YMCA Foundation is committed to supporting the Broome County YMCA, an inclusive public charity that caters to individuals of various ages, abilities, income levels, races, and religions. Its mission, shared by the Foundation, is to embody Christian principles and promote wellness by offering programs that foster a healthy spirit, mind, and body for all members of the community. The Foundation's role is to provide essential aid to the Broome County YMCA, ensuring that its mission continues to make a positive impact on the lives of many.
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Impact
October, 2024
The Broome County YMCA Foundation plays a critical role in enhancing the health and well-being of the community in Binghamton, NY. By providing vital support to the Broome County YMCA, the Foundation impacts men, women, and children across diverse backgrounds. Its initiatives focus on building a healthy spirit, mind, and body for all individuals, promoting inclusivity regardless of age, ability, income, race, or religion.
Through its programs, the Foundation helps foster a sense of community and belonging, encouraging participation in activities that develop physical fitness, mental resilience, and social connections. By aligning with the YMCA's mission, the Foundation not only supports personal growth but also strengthens the fabric of the community, addressing critical needs in human services and ensuring that everyone has access to opportunities that promote a healthier lifestyle.
This information is meant to be a general summary of Broome County Ymca 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: $28,656
- Gross Receipts: $186,845
Assets and Liabilities:
- Total Assets: $1,233,015
- Total Liabilities: $250,000
- Net Assets: $983,015
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Organization Details
Founding Year
1985
Phone
(607) 772-0560Principal Officer
Rick Woidt
Main Address
61 SUSQUEHANNA STREET, BINGHAMTON, NY, 13901
NTEE Category
Code: P27I - Human services
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