Overview
What is Ymic Foundation Inc?
Ymic Foundation Inc, operating under the name YMWIC Foundation Inc, is a nonprofit organization based in West Chester, Pennsylvania. Their primary mission is to empower and prepare economically disadvantaged and historically underrepresented youth, primarily African American and Latino students, from kindergarten to age 16. They achieve this by offering academic tutoring, mentoring, and financial assistance programs, and fostering partnerships with K-12 school districts, universities, corporations, and committed partners. The Foundation conducts various programs in the areas of Science, Technology, Engineering, Math (STEM), Art, Robotics, Music, Civics, Debate, NSBE Chapter, Job Shadowing, Internship, Job Search Assistance, Entrepreneurship, Pre-Apprentice Program, and MathCount, all aimed at preparing these youth to excel in STEM careers. With a team of 68 dedicated individuals, Ymic Foundation Inc is committed to bridging the gap in access to STEM education and opportunities for these underrepresented communities.
Official website here: www.ymwicfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Ymic Foundation Inc has received a Three-Star rating from Charity Navigator, reflecting a solid overall score of 81%. This rating is based entirely on its Accountability & Finance metrics, indicating a strong commitment to transparency and effective financial management. The foundation excels in areas such as having a majority independent board and a low material diversion of assets, showcasing its responsible governance practices.
Strengths highlighted in the evaluation include a high program expense ratio of 92.41%, which suggests that a significant portion of its funding is directed towards its charitable programs rather than administrative costs. The organization maintains robust policies, including conflict of interest and whistleblower protections, which contribute to its high accountability score. Furthermore, the foundation's thorough documentation practices, such as maintaining board meeting minutes, reinforce its commitment to transparency.
While the Ymic Foundation demonstrates strong financial stewardship, there are no specific limitations noted in the data provided. Overall, the foundation's high scores in various metrics indicate a well-managed nonprofit organization dedicated to its mission and accountable to its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ymic Foundation Inc legitimate?
Ymic Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymic 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $99,728
Professional Fundraising Fees: $8,382
Other Salaries and Wages: $370,319
For more financial information, click here
Official website here: www.ymwicfoundation.org
What is the mission statement of Ymic Foundation Inc?
The Ymic Foundation Inc's mission is centered around empowering economically disadvantaged and historically underrepresented youth, primarily from African American and Latino backgrounds. The organization strives to prepare these young individuals, aged from kindergarten to 16, to excel in STEM fields and beyond. This is achieved through a combination of academic tutoring, mentoring, and financial assistance programs. The Foundation forges partnerships with various entities such as K-12 school districts, universities, corporations, and committed partners to facilitate this mission. The ultimate goal is to equip these students with the necessary skills to pursue successful careers in STEM, art, music, entrepreneurship, and related fields.
Official website here: www.ymwicfoundation.org
Who is the CEO of Ymic Foundation Inc?
Richard Roberts Iii is the Executive Di of Ymic Foundation Inc.
Official website here: www.ymwicfoundation.org
What is the revenue of Ymic Foundation Inc?
Ymic Foundation Inc's revenue in 2022 was $1,164,479.
Official website here: www.ymwicfoundation.org
Who are the executives of Ymic Foundation Inc and what are their salaries?
The average compensation at Ymic Foundation Inc during 2022 was $6,912. There are 68 employees and 270 volunteers at Ymic Foundation Inc.
Here are 9 key members and their salaries:
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Official website here: www.ymwicfoundation.org
Where can I find the form 990 for Ymic Foundation Inc?
Ymic Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymwicfoundation.org
Learn more at the official website: www.ymwicfoundation.org
Mission Statement of Ymic Foundation Inc
Ymic Foundation Inc, a nonprofit organization, is committed to empowering and preparing economically disadvantaged and historically underrepresented youth, primarily of African American and Latino descent, aged from kindergarten to 16. Its mission is to equip these students with the necessary academic skills and expose them to various fields such as science, technology, engineering, mathematics (STEM), art, music, and entrepreneurship. This aim is to provide these young individuals with the opportunity to pursue careers in these fields.
To achieve this mission, Ymic Foundation Inc leverages alliances with K-12 school districts, universities, corporations, and dedicated partners. It offers a range of programs that include academic tutoring, mentoring, and financial assistance. These initiatives are designed to help these young students excel and emerge as leaders in STEM careers. By providing these resources, Ymic Foundation Inc is not only equipping the next generation with crucial skills but also helping to bridge the gap in underrepresentation in these fields.
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Impact
October, 2024
Ymic Foundation Inc plays a crucial role in empowering young African American and Latino students, particularly those from economically disadvantaged backgrounds. By providing targeted programs from kindergarten through age 16, the foundation helps to develop students' academic skills and fosters interest in STEM, arts, and entrepreneurship.
The organization conducts a variety of programs that include Science, Technology, Engineering, and Math (STEM) education, art and music enrichment, robotics, civics, and debate. It offers job shadowing, internships, and job search assistance, ensuring students gain practical experience and insights into future careers. Additionally, Ymic Foundation Inc runs unique initiatives such as a pre-apprentice program and MathCounts, which further prepare youth for academic success and career readiness.
Through strategic partnerships with K-12 school districts, universities, and corporations, the foundation helps bridge the gap for underrepresented youth in these critical fields. By focusing on academic tutoring, mentoring, and financial assistance, Ymic Foundation Inc empowers students not just to excel academically, but to become future leaders in STEM careers, ultimately fostering diversity and inclusion in areas where it has been historically lacking.
This information is meant to be a general summary of Ymic 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: $18
- Program Service Revenue: $125,754
- Gross Receipts: $1,220,659
Assets and Liabilities:
- Total Assets: $1,002,646
- Total Liabilities: $27,411
- Net Assets: $975,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$125,754
Organization Details
Founding Year
2007
Phone
(610) 340-2844Principal Officer
Richard Roberts Iii
Main Address
PO BOX 1954, WEST CHESTER, PA, 19380
Website
www.ymwicfoundation.orgNTEE Category
Code: P20 - Human services
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