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Youngstown Fdn General

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 346515788 ✦ Youngstown, OH ✦ Designated as a 501(c)(3)

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Overview

What is Youngstown Fdn General?

Youngstown Foundation General is a nonprofit organization situated in the area surrounding Youngstown, Ohio. The primary objective of this organization is to grant financial assistance to charitable, scientific, and educational institutions that contribute to the overall well-being of the city's residents, encompassing their mental, moral, and physical aspects. The foundation supports various initiatives, including a potential development program and collaborations with institutions like Youngstown State University, aiming to further improve the quality of life for the community.


Official website here: www.youngstownfoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 93% (Four-Star out of Four Stars)

The Youngstown Foundation General has earned a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health within the organization. The overall score reflects strong performance in various metrics, emphasizing the importance of transparency and effective governance. Notably, the foundation has a 100% score for accountability and finance, showcasing its commitment to responsible management of resources.

Strengths of the Youngstown Foundation include having a majority of independent board members, a comprehensive conflict of interest policy, and well-documented board meeting minutes. The organization has demonstrated its integrity by having no material diversion of assets and maintaining a liabilities-to-assets ratio of 0.00%. Furthermore, a significant 88.50% of its expenses are allocated to programs, underscoring its focus on impactful initiatives.

While the foundation exhibits many strengths in governance and financial operations, continuous improvement in stakeholder engagement and outreach may enhance its overall impact. The detailed reporting and policies in place are commendable, and the foundation's commitment to transparency is evident through its publicly listed tax documents.


This AI summary has been generated from information found on Charity Navigator.

Is Youngstown Fdn General legitimate?

Youngstown Fdn General is a legitimate nonprofit organization registered as a 501(c)(3) entity. Youngstown Fdn General 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: $808,553
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.youngstownfoundation.org

What is the mission statement of Youngstown Fdn General?

Youngstown Foundation General's mission is centered around providing financial assistance in the form of grants to charitable, scientific, and educational institutions. The primary objective of these grants is to enhance the mental, moral, and physical well-being of the community residing in and around the city. The foundation's endeavors aim to improve the quality of life for the inhabitants by supporting institutions that align with these values. In addition to grant funding, Youngstown Foundation General also offers various programs, such as the Potential Development Program and collaborations with Youngstown State University, to further its mission.


Official website here: www.youngstownfoundation.org

Who is the CEO of Youngstown Fdn General?

Lynnette H Forde is the President of Youngstown Fdn General.


Official website here: www.youngstownfoundation.org

What is the revenue of Youngstown Fdn General?

Youngstown Fdn General's revenue in 2022 was -$1,557,459.


Official website here: www.youngstownfoundation.org

Who are the executives of Youngstown Fdn General and what are their salaries?

The average compensation at Youngstown Fdn General during 2022 was $269,518. There are 3 employees and 20 volunteers at Youngstown Fdn General.


Here are 9 key members and their salaries:


Pnc Bank Na (Trustee)
  • Compensation: $668,954
  • Related: $0
  • Other: $0
Martha L Bushey (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
David M Toepfer (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theodore M Schmidt (Distribution Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rona Curtis (Distribution Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebecca Davis (Distribution Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Garry Mrozek (Distribution Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lynnette H Forde (President)
  • Compensation: $118,450
  • Related: $0
  • Other: $0
Samuel Amendolara (Distribution Committee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.youngstownfoundation.org

Where can I find the form 990 for Youngstown Fdn General?

Youngstown Fdn General's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.youngstownfoundation.org

Learn more at the official website: www.youngstownfoundation.org

Mission Statement of Youngstown Fdn General

Youngstown Foundation General, as a philanthropic organization, is dedicated to providing financial assistance in the form of grants to charitable, scientific, and educational institutions. Its mission is to contribute to the promotion of mental, moral, and physical well-being among the inhabitants of a specific locale, without specifying the exact location given in the information. The foundation achieves this by supporting institutions that are committed to enhancing the overall well-being of their communities. Youngstown Foundation General offers a variety of programs, including the Potential Development Program and collaborations with institutions like Youngstown State University, to further its mission.

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Impact




October, 2024

Youngstown Foundation General significantly enhances the well-being of the community by providing essential financial support to a variety of charitable, scientific, and educational institutions. Through its grant-making activities, the organization plays a crucial role in fostering programs that promote mental, moral, and physical health among the residents of Youngstown and its surrounding areas.

By targeting initiatives such as potential development programs and supporting educational institutions like Youngstown State University, the foundation directly contributes to the community's growth and resilience. Its impact is felt through enhanced educational opportunities, improved access to health and wellness resources, and strengthened local institutions that serve diverse community needs. This investment in the community not only uplifts individual lives but also helps cultivate a more vibrant, sustainable society in Youngstown.




This information is meant to be a general summary of Youngstown Fdn General. 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.

Revenue
-$1,557,459 (2022)
Expenses
$6,508,495 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$1,887,361
  • Gross Receipts: $63,407,688

Assets and Liabilities:

  • Total Assets: $124,452,274
  • Total Liabilities: $0
  • Net Assets: $124,452,274

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Organization Details

Founding Year

1918

Principal Officer

Lynnette H Forde

Main Address

PO BOX 1162, YOUNGSTOWN, OH, 44501

NTEE Category

Code: T310 - Philanthropy

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