Overview
What is Yhb Charitable Endowment Inc?
Yhb Charitable Endowment Inc is a nonprofit organization located in West Hartford, Connecticut. Their primary purpose is to manage a portfolio of philanthropic funds, aiming to increase the amount of charitable funding available to various non-profits. They accomplish this by offering Individual Donor Advised Funds, which provide donors with the flexibility to decide when, how much, and to whom they wish to donate. Donors also have input on how the fund's dollars are invested, and for larger accounts, they can access personal asset management for their fund. This organization allows donors to establish a lasting philanthropic legacy, honoring family values or commemorating loved ones.
Official website here: www.yhbce.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: Three Stars (75%)**
Yhb Charitable Endowment Inc has earned a Three-Star out of Four Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating reflects a strong score of 100% in program expenses, signifying that the organization directs all of its resources towards its programming. However, the charity has encountered issues with governance, as evidenced by the absence of essential policies and documentation, such as a conflict of interest policy and financial statements.
The organization claims a 100% independent board, which is commendable; however, the overall board size and absence of financial oversight documents have limited its accountability score. While the charity maintains a low liability to assets ratio and demonstrates excellent fundraising efficiency, these strengths are somewhat overshadowed by the poor governance practices noted.
Unfortunately, user reviews from GreatNonprofits are currently unavailable. This further limits the insight into community sentiment and testimonials regarding the effectiveness of Yhb Charitable Endowment Inc's initiatives. Overall, while the organization shows strong financial ratios, its governance practices require attention to enhance transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Yhb Charitable Endowment Inc legitimate?
Yhb Charitable Endowment Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yhb Charitable Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.yhbce.org
What is the mission statement of Yhb Charitable Endowment Inc?
Yhb Charitable Endowment Inc was established to serve the charitable interests of its donors. It achieves this by offering Individual Donor Advised Funds, providing simplicity and flexibility in the timing, amounts, and beneficiaries of charitable donations. Donors have input in how fund dollars are invested, and with larger accounts, they can access personal asset management for their fund. This organization allows donors to create a lasting legacy of giving, perpetuating family values or honoring the memory of a loved one.
Official website here: www.yhbce.org
What is the revenue of Yhb Charitable Endowment Inc?
Yhb Charitable Endowment Inc's revenue in 2023 was $5,445,152.
Official website here: www.yhbce.org
Who are the executives of Yhb Charitable Endowment Inc and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.yhbce.org
Where can I find the form 990 for Yhb Charitable Endowment Inc?
Yhb Charitable Endowment Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.yhbce.org
Learn more at the official website: www.yhbce.org
Mission Statement of Yhb Charitable Endowment Inc
Yhb Charitable Endowment Inc was established with a mission to serve the charitable interests of its donors. This nonprofit organization offers Individual Donor Advised Funds, providing simplicity and flexibility in the timing, amounts, and beneficiaries of charitable donations. Donors have the opportunity to input their preferences on how the fund dollars are invested, and with larger accounts, they can access personal asset management for their fund. Through these funds, donors can create a lasting legacy, either to perpetuate family values or to honor the memory of a loved one. Yhb Charitable Endowment Inc empowers its donors to make a significant impact in the charitable sector while maintaining control over their philanthropic endeavors.
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Impact
October, 2024
Yhb Charitable Endowment Inc significantly enhances philanthropic efforts by providing individual donor advised funds. These funds empower donors with the ability to customize their charitable giving, allowing for flexibility in timing, amounts, and beneficiaries. This level of personalization not only simplifies the donation process but also strengthens the connection donors have to their philanthropic activities.
By managing a diverse portfolio of philanthropic funds, Yhb Charitable Endowment Inc increases the overall availability of charitable funding to nonprofits. This broader financial support encourages and sustains various charitable initiatives within the community. Additionally, donors are given the opportunity to influence how their contributions are invested, ensuring alignment with their personal values and financial goals.
The organization also fosters a culture of legacy giving, enabling families to perpetuate their values through ongoing charitable contributions. It serves as a meaningful avenue for honoring loved ones and maintaining a lasting impact within the community. Ultimately, Yhb Charitable Endowment Inc creates a framework for donors to achieve their philanthropic aspirations while significantly supporting nonprofit organizations.
This information is meant to be a general summary of Yhb Charitable Endowment 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 2023.
- Investment Income: $514,907
- Gross Receipts: $8,836,649
Assets and Liabilities:
- Total Assets: $21,606,319
- Total Liabilities: $0
- Net Assets: $21,606,319
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Organization Details
Founding Year
2008
Principal Officer
Mark W Everette
Website
www.yhbce.orgNTEE Category
Code: T30 - Philanthropy
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