Overview
What is Ymca Endowment Foundation Of Akron Ohio Inc?
The YMCA Endowment Foundation of Akron Ohio Inc is a charitable organization, specifically dedicated to supporting the YMCA of Akron, Inc. This support is facilitated through the maintenance and strategic investment of donations and bequests. The foundation's primary role is to generate income from these investments, which is then allocated to the YMCA of Akron, Inc., a non-profit entity that enjoys tax-exempt status under the Internal Revenue Code Section 501(c)(3). Essentially, the YMCA Endowment Foundation serves as a financial backbone for the YMCA of Akron, providing it with much-needed resources and support.
Is Ymca Endowment Foundation Of Akron Ohio Inc legitimate?
Ymca Endowment Foundation Of Akron Ohio Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymca Endowment Foundation Of Akron Ohio 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 Ymca Endowment Foundation Of Akron Ohio Inc?
The YMCA Endowment Foundation of Akron Ohio's mission is to aid the YMCA of Akron Inc. by preserving and growing donations and bequests. The earnings derived from these funds are made accessible to the tax-exempt YMCA of Akron Inc., enabling it to continue its charitable work. The primary purpose of the foundation is to provide long-term financial support to the YMCA of Akron Inc., thereby contributing to its mission and services. The foundation's role is crucial in ensuring the YMCA's sustainability and continuation of its community-focused initiatives.
Who is the CEO of Ymca Endowment Foundation Of Akron Ohio Inc?
Jeff Leonard is the President of Ymca Endowment Foundation Of Akron Ohio Inc.
What is the revenue of Ymca Endowment Foundation Of Akron Ohio Inc?
Ymca Endowment Foundation Of Akron Ohio Inc's revenue in 2022 was $91,865.
Who are the executives of Ymca Endowment Foundation Of Akron Ohio Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ymca Endowment Foundation Of Akron Ohio Inc?
Ymca Endowment Foundation Of Akron Ohio Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ymca Endowment Foundation Of Akron Ohio Inc
The YMCA Endowment Foundation of Akron Ohio Inc plays a crucial role in supporting the YMCA of Akron, Inc. This foundation maintains and invests donations and bequests it receives, with the income generated from these funds being made available to the YMCA of Akron, Inc. This organization, which falls under the 501(c)(3) category of exempt organizations from income tax, benefits greatly from the YMCA Endowment Foundation's financial support. By doing so, the YMCA of Akron, Inc. can continue its mission of providing various services and programs to the community. The YMCA of Akron, Inc. is a well-known organization, and the YMCA Endowment Foundation of Akron Ohio Inc plays a significant role in ensuring its continued success and impact.
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Impact
October, 2024
The YMCA Endowment Foundation of Akron, Ohio, plays a crucial role in fostering the growth and sustainability of the YMCA of Akron. By maintaining and investing donations and bequests, the foundation ensures a continuous flow of resources that support a variety of programs and services offered by the YMCA. This impact extends to enhancing educational opportunities, promoting health and wellness, and providing vital community services.
The foundation's strategic management of funds allows for long-term financial stability, enabling the YMCA to adapt and respond to the needs of the Akron community. Through its work, the foundation not only preserves the legacy of the YMCA but also amplifies its ability to serve individuals and families, thereby contributing to the overall well-being of the community.
This information is meant to be a general summary of Ymca Endowment Foundation Of Akron Ohio 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: $63,207
- Gross Receipts: $91,865
Assets and Liabilities:
- Total Assets: $1,618,403
- Total Liabilities: $0
- Net Assets: $1,618,403
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Organization Details
Founding Year
1994
Phone
(330) 376-1335Principal Officer
Jeff Leonard
Main Address
50 SOUTH MAIN STREET LL100, AKRON, OH, 443081319
NTEE Category
Code: B82Z - Education
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