Overview
What is Ymca Emergency Assistance Fund?
The YMCA Emergency Assistance Fund, located in Chicago, Illinois, is a nonprofit organization that has been supporting YMCA staff and alumni in times of distress for nearly a century. Situations such as natural disasters, health crises, or family emergencies can necessitate assistance, and the fund, funded by generous contributions from YMCA professionals, is there to provide aid. The fund helps individuals who have exhausted other means of assistance due to accidents, illnesses, the death of a loved one, or disasters. In 2022, 99 individuals received grants from the fund, showcasing inspiring stories of resilience and overcoming challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The YMCA Emergency Assistance Fund has received a strong Four-Star rating, reflecting exceptional performance in its accountability and financial health. The rating is based entirely on its Accountability & Finance score, which stands at 94%. This high score indicates that the organization adheres to best practices in financial management and transparency, ensuring that funds are used efficiently to support its mission.
One of the notable strengths of the YMCA Emergency Assistance Fund is its governance structure, with a fully independent board of 15 members, which promotes unbiased decision-making. The organization maintains robust policies regarding conflict of interest, whistleblower protections, and document retention. Additionally, it demonstrates significant financial prudence, with a low liabilities-to-assets ratio of 13.83% and a program expense ratio of 94.38%, indicating that a large proportion of its resources are directed toward its programs.
While the data does not highlight any significant limitations, the emphasis on financial accountability suggests that stakeholders may prioritize fiscal responsibility as a key factor when assessing the organization's impact. Overall, the YMCA Emergency Assistance Fund is well-regarded for its strong governance and commitment to financial integrity, making it a responsible option for donors seeking to support effective nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Ymca Emergency Assistance Fund legitimate?
Ymca Emergency Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymca Emergency Assistance Fund 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 Ymca Emergency Assistance Fund?
The YMCA Emergency Assistance Fund serves to provide financial aid to YMCA staff and alumni in times of crisis, such as accidents, illnesses, death of a loved one, disasters, or other unforeseen circumstances where help is limited or has been exhausted. The fund is a source of support during national disasters, health crises, and family emergencies, made possible through the generous contributions of active and retired YMCA professionals. The fund aims to help individuals overcome obstacles and live with unexpected challenges, as demonstrated by the inspiring stories of grant recipients. In 2022, 99 individuals received grants from the fund.
Who is the CEO of Ymca Emergency Assistance Fund?
Stacie Peugh is the Director/Chair of Ymca Emergency Assistance Fund.
What is the revenue of Ymca Emergency Assistance Fund?
Ymca Emergency Assistance Fund's revenue in 2022 was $109,177.
Who are the executives of Ymca Emergency Assistance Fund and what are their salaries?
There 16 volunteers at Ymca Emergency Assistance Fund.
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Where can I find the form 990 for Ymca Emergency Assistance Fund?
Ymca Emergency Assistance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ymca Emergency Assistance Fund
The YMCA Emergency Assistance Fund is a mission-driven organization that provides financial aid to YMCA staff and alumni in times of distress. When unforeseen circumstances such as accidents, illnesses, deaths of loved ones, disasters, or other crises strike, and traditional means of help are limited or exhausted, this fund steps in to offer the necessary assistance. The Emergency Assistance Fund is made possible through the generous contributions of active and retired YMCA professionals, demonstrating a shared commitment to supporting their colleagues and alumni in their hour of need. In 2022, the fund granted assistance to 99 individuals, providing inspiring tales of overcoming obstacles and navigating unexpected challenges.
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Impact
October, 2024
The YMCA Emergency Assistance Fund has had a significant impact by providing crucial financial support to YMCA staff and alumni during their most challenging times. For nearly a century, this fund has acted as a lifeline for individuals facing personal crises, such as accidents, illnesses, the loss of loved ones, or disasters. When conventional resources are depleted, this fund becomes a vital source of assistance, enabling recipients to navigate through their hardships.
In 2022 alone, the fund supported 99 individuals, offering them not just financial relief, but also a sense of community and solidarity during their distress. Each grant is a testament to the collective generosity of active and retired YMCA professionals, showcasing how contributions from the very people it serves create a powerful network of support. The personal stories of those who received assistance reveal inspirational journeys of resilience, highlighting the fund’s role in helping individuals overcome obstacles and adapt to unforeseen challenges. Thus, the YMCA Emergency Assistance Fund plays an essential role in fostering a supportive environment for its members, reinforcing the values of compassion and philanthropy within the YMCA community.
This information is meant to be a general summary of Ymca Emergency Assistance Fund. 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: $3,004
- Gross Receipts: $450,417
Assets and Liabilities:
- Total Assets: $1,849,181
- Total Liabilities: $255,822
- Net Assets: $1,593,359
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Organization Details
Founding Year
1966
Phone
(800) 872-9622Principal Officer
Stacie Peugh
Main Address
101 N WACKER DRIVE, CHICAGO, IL, 60606
NTEE Category
Code: T50Z - Philanthropy
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