Overview
What is The Community Ymca Foundation Inc?
The Community YMCA Foundation Inc, located in Shrewsbury, New Jersey, is a nonprofit organization dedicated to supporting the YMCA of Greater Monmouth County, Inc. Their primary mission involves managing an endowment fund for the YMCA, contributing substantial sums to aid its operations. The foundation encourages donations and planned gifts, intending to utilize and apply its assets for the benefit of the YMCA, as long as it qualifies as an exempt organization under Section 501(C)(3) of the Internal Revenue Code. Their role is to develop, maintain, and manage the endowment funds of the YMCA, thereby strengthening its resources and capabilities.
Is The Community Ymca Foundation Inc legitimate?
The Community Ymca Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Ymca Foundation 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.
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What is the mission statement of The Community Ymca Foundation Inc?
The Community YMCA Foundation's mission is to cultivate, maintain, and utilize endowment funds for the benefit of the YMCA of Greater Monmouth County, Inc. This organization encourages donations and planned gifts, with a condition that the YMCA of Greater Monmouth County, Inc. continues to qualify as a tax-exempt organization under the Internal Revenue Code. The foundation's assets are intended for the YMCA's use, ensuring its continued support and operation as a non-profit organization.
Who is the CEO of The Community Ymca Foundation Inc?
Peter Mccarthy is the Chairman of The Community Ymca Foundation Inc.
What is the revenue of The Community Ymca Foundation Inc?
The Community Ymca Foundation Inc's revenue in 2022 was $237,598.
Who are the executives of The Community Ymca Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Community Ymca Foundation Inc?
The Community Ymca Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Community Ymca Foundation Inc
The Community YMCA Foundation Inc is dedicated to supporting the YMCA of Greater Monmouth County, Inc. This support primarily involves managing and developing endowment funds, encouraging donations and planned gifts. The foundation's assets are intended to be utilized and applied for the benefit of the YMCA, as long as it continues to qualify as a tax-exempt organization under Section 501(C)(3) of the Internal Revenue Code or any future corresponding provisions in United States internal revenue law. Essentially, The Community YMCA Foundation Inc serves as a financial backbone for the YMCA of Greater Monmouth County, Inc., ensuring its sustainability and growth through strategic fundraising and investment initiatives.
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Impact
October, 2024
The Community YMCA Foundation Inc. plays a crucial role in enhancing the sustainability and impact of the YMCA of Greater Monmouth County. By developing and managing endowment funds, the Foundation ensures that vital resources are available to support a variety of programs and services that serve the community.
Through its strategic encouragement of donations and planned gifts, the Foundation fosters a culture of philanthropy that directly benefits the YMCA. The substantial financial contributions made by the Foundation help the YMCA to maintain and expand its offerings, allowing it to better serve individuals and families in the Greater Monmouth County area.
The Foundation's commitment to financial stewardship not only provides immediate support but also builds a lasting legacy of community investment. This enables the YMCA to address ongoing needs, promote health and wellness, and offer enriching programs that strengthen community ties, ultimately contributing to a more vibrant and resilient community.
This information is meant to be a general summary of The Community Ymca Foundation 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 2022.
- Investment Income: $80,574
- Gross Receipts: $237,598
Assets and Liabilities:
- Total Assets: $5,376,843
- Total Liabilities: $6,733
- Net Assets: $5,370,110
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Organization Details
Founding Year
2001
Phone
(732) 671-5505Principal Officer
Peter Mccarthy
Main Address
170 PATTERSON AVENUE, SHREWSBURY, NJ, 07702
NTEE Category
Code: P27Z - Human services
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