Overview
What is The Community Y Foundation?
The Community Y Foundation is a philanthropic organization that provides financial backing to the Young Men's Christian Association of Delaware County, ensuring the upkeep and enhancement of its facilities and programs. Sharing a common mission with the Community Youth Economic Development Corporation (CYEDC), this charitable body operates under the principles of Christian values, striving to foster a healthy spirit, mind, and body. The Community Y Foundation is committed to positively impacting family life by advocating for the values of compassion, honesty, respect, and responsibility.
Official website here: www.cyedc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The Community Y Foundation has achieved an impressive score of 97%, reflecting strong performance in accountability and finance. This high rating demonstrates the organization’s commitment to transparency and effective management of resources, as evidenced by a perfect score in various metrics related to governance and fiscal responsibility.
Strengths of the Community Y Foundation include having a predominantly independent board, a low liabilities to assets ratio, and high program expense ratio, indicating that a significant portion of their funds directly support their mission. Furthermore, the organization maintains robust policies that ensure ethical practices, such as conflict of interest and whistleblower policies, contributing to their overall reliability.
In terms of limitations, while the charity excels in financial accountability, no specific weaknesses have been noted in the available data. Overall, the Community Y Foundation stands out as a well-managed nonprofit, demonstrating a strong commitment to its mission and responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Y Foundation legitimate?
The Community Y Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Y 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.
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For more financial information, click here
Official website here: www.cyedc.org
What is the mission statement of The Community Y Foundation?
The Community Y Foundation is a charitable organization that financially backs the Young Men's Christian Association of Delaware County, a 501(c)(3) organization. Sharing the mission of service to the community with the Community Youth Education Development Council (CYEDC), a charitable association rooted in Christian principles, the Foundation aims to promote a healthy spirit, mind, and body. Committed to positively impacting family life, the Foundation upholds values such as caring, honesty, respect, and responsibility. By financially supporting the YMCA, it contributes to the maintenance and enhancement of their facilities and programs, aligning with CYEDC's mission.
Official website here: www.cyedc.org
Who is the CEO of The Community Y Foundation?
Michael Ranck is the Secretary of The Community Y Foundation.
Official website here: www.cyedc.org
What is the revenue of The Community Y Foundation?
The Community Y Foundation's revenue in 2022 was $880,307.
Official website here: www.cyedc.org
Who are the executives of The Community Y Foundation and what are their salaries?
Here are 10 key members and their salaries:
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- Related: $152,724
- Other: $43,975
Official website here: www.cyedc.org
Where can I find the form 990 for The Community Y Foundation?
The Community Y Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cyedc.org
Learn more at the official website: www.cyedc.org
Mission Statement of The Community Y Foundation
The Community Y Foundation is a charitable organization that plays a crucial role in financially supporting the Young Men's Christian Association of Delaware County, a 501(c)(3) organization. Aligning with the mission of the Community Youth Development Corporation (CYEDC), a charitable association founded on Christian principles, this foundation aims to contribute positively to family life. By supporting the YMCA of Delaware County, they help maintain and enhance its facilities and programs, thereby serving the community in line with CYEDC's vision. This organization's commitment to the community is rooted in values such as caring, honesty, respect, and responsibility, which are fundamental to its operations.
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Impact
October, 2024
The Community Y Foundation plays a crucial role in enhancing the local community by financially supporting the Young Men's Christian Association of Delaware County. This support ensures the ongoing maintenance and improvement of essential facilities and programs that contribute to the well-being of individuals and families in the area.
By promoting values such as caring, honesty, respect, and responsibility, the foundation fosters a positive environment that encourages personal development and healthy lifestyles. Its commitment to service aligns with a broader mission focused on building a healthy spirit, mind, and body within the community of Lansdowne, PA.
Through its efforts, the Community Y Foundation effectively strengthens community ties and empowers residents to engage in various programs that promote overall wellness and community cohesion.
This information is meant to be a general summary of The Community Y 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: $880,307
- Gross Receipts: $6,099,647
Assets and Liabilities:
- Total Assets: $6,319,667
- Total Liabilities: $14,750
- Net Assets: $6,304,917
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Organization Details
Founding Year
1991
Phone
(610) 259-1661Principal Officer
Michael Ranck
Main Address
2104 GARRETT RD, LANSDOWNE, PA, 19050
Website
www.cyedc.orgNTEE Category
Code: T20 - Philanthropy
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