Overview
What is Ymca Foundation Of Valparaiso Inc (2087-So1)?
The Ymca Foundation of Valparaiso Inc (2087-So1) is a nonprofit organization situated in Valparaiso, Indiana. With an address at 1201 Cumberland Crossing Drive, its primary mission is to bolster the financial stability and robustness of the YMCA of Valparaiso, IN, Inc., a 501(c)(3) organization. As a supporting organization, it aims to enhance the YMCA's financial security, contributing to its overall strength and impact within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating. This rating indicates significant concerns regarding the YMCA Foundation of Valparaiso Inc's financial performance and transparency. While the charity excels in governance, with a fully independent board and comprehensive policies in place, it struggles in crucial financial metrics that impact its overall rating.
The foundation scores exceptionally well in accountability and governance, demonstrating a strong commitment to transparency and ethical practices. All board members are independent, and key policies such as conflict of interest and whistleblower protections are well-established. However, these strengths are overshadowed by its poor financial metrics, particularly its low program expense ratio, suggesting that a minimal portion of its funds is directed towards its actual programs.
The liabilities to assets ratio of 0.00% indicates a stable financial position regarding liabilities, yet the overall implications of a low program expense ratio raise concerns about the foundation's effectiveness in fulfilling its mission. Stakeholders may want to consider these limitations when evaluating the impact and operational efficiency of the YMCA Foundation of Valparaiso Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Ymca Foundation Of Valparaiso Inc (2087-So1) legitimate?
Ymca Foundation Of Valparaiso Inc (2087-So1) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymca Foundation Of Valparaiso Inc (2087-So1) 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
What is the mission statement of Ymca Foundation Of Valparaiso Inc (2087-So1)?
The YMCA Foundation of Valparaiso Inc., specifically identified as 2087-So1, functions as a Type II supporting organization. Its primary mission is to bolster the financial stability and robustness of the YMCA of Valparaiso, IN, Inc., a 501(c)(3) organization. The foundation achieves this goal through strategic investment management. Its main objective is to enhance the financial security of the YMCA of Valparaiso, thereby contributing to its overall strength and continuity. The foundation does not have a mission statement focusing on specific social causes or community development, but rather its purpose is exclusively centered on financially supporting the YMCA of Valparaiso.
Who is the CEO of Ymca Foundation Of Valparaiso Inc (2087-So1)?
Sharon Johnson is the Ceo of Ymca Foundation Of Valparaiso Inc (2087-So1). The CEO's salary of Ymca Foundation Of Valparaiso Inc (2087-So1) is $0 and their total compensation is $182,571.
What is the revenue of Ymca Foundation Of Valparaiso Inc (2087-So1)?
Ymca Foundation Of Valparaiso Inc (2087-So1)'s revenue in 2022 was $120,658.
Who are the executives of Ymca Foundation Of Valparaiso Inc (2087-So1) and what are their salaries?
There 6 volunteers at Ymca Foundation Of Valparaiso Inc (2087-So1).
Here are 8 key members and their salaries (Ymca Foundation Of Valparaiso Inc (2087-So1)'s CEO's salary is $0 and their total compensation is $182,571):
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- Other: $0
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- Compensation: $0
- Related: $165,087
- Other: $17,484
Where can I find the form 990 for Ymca Foundation Of Valparaiso Inc (2087-So1)?
Ymca Foundation Of Valparaiso Inc (2087-So1)'s most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ymca Foundation Of Valparaiso Inc (2087-So1)
YMCA Foundation of Valparaiso Inc (2087-So1) is a Type II supporting organization with a mission to augment the financial stability and strength of the YMCA of Valparaiso, IN, Inc. The foundation's primary purpose is to manage investments for the benefit of this 501(c)(3) organization, ensuring its financial security and sustainability. By enhancing the YMCA's financial resources, the foundation supports its mission to empower and serve the community, contributing to the overall well-being and development of individuals in the area.
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Impact
October, 2024
Ymca Foundation Of Valparaiso Inc (2087-So1) significantly strengthens the financial stability of the YMCA of Valparaiso, IN, enhancing its ability to serve the community. By managing investments that directly benefit the YMCA, the foundation plays a crucial role in ensuring that resources are available for programs and services that promote health, wellness, and youth development.
Through strategic financial support, Ymca Foundation Of Valparaiso Inc aids in sustaining essential community programs, thereby impacting lives positively. The foundation's commitment to enhancing financial security ensures that the YMCA can respond effectively to community needs and maintain its facilities and offerings. This stabilizes the organization, allowing it to provide human services that foster a strong, healthy, and connected community in Valparaiso and beyond.
This information is meant to be a general summary of Ymca Foundation Of Valparaiso Inc (2087-So1). 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: $82,041
- Gross Receipts: $138,923
Assets and Liabilities:
- Total Assets: $1,843,585
- Total Liabilities: $0
- Net Assets: $1,843,585
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Organization Details
Founding Year
1993
Phone
(219) 462-4185Principal Officer
Sharon Johnson
Main Address
1201 CUMBERLAND CROSSING DRIVE, VALPARAISO, IN, 46383
NTEE Category
Code: P27I - Human services
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