Overview
What is Evansville Ymca Endowment Fund 320005010?
The Evansville YMCA Endowment Fund 320005010 is a charitable entity with a mission to support the YMCA of Southwestern Indiana, Inc. Its primary role is to enhance the spiritual, social, and physical well-being of young men in the community. The fund distributes the earnings annually to the YMCA organization, with the exception of emergencies or calamities when the institutional trustee may utilize the principal for the organization's benefit. The fund prioritizes providing support that does not cover the YMCA's operating expenses or normal capital expenditures.
Is Evansville Ymca Endowment Fund 320005010 legitimate?
Evansville Ymca Endowment Fund 320005010 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evansville Ymca Endowment Fund 320005010 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: $9,204
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Evansville Ymca Endowment Fund 320005010?
The Evansville YMCA Endowment Fund 320005010 is established with the mission to contribute to the broader objectives of the YMCA of Southwestern Indiana, Inc. Primarily, this includes enhancing the overall well-being of young men, encompassing their spiritual, social, and physical aspects. The fund generates annual net income, which is then allocated to the publicly supported organization. In times of crisis or emergency, the institutional trustee has the discretion to utilize a portion of the principal fund's assets, deemed necessary and suitable for the benefit of the organization. However, it's crucial to note that the principal corpus is not intended for the organization's operational expenses or normal capital expenditures.
What is the revenue of Evansville Ymca Endowment Fund 320005010?
Evansville Ymca Endowment Fund 320005010's revenue in 2024 was $87,043.
Who are the executives of Evansville Ymca Endowment Fund 320005010 and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $9,204
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Evansville Ymca Endowment Fund 320005010?
Evansville Ymca Endowment Fund 320005010's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Evansville Ymca Endowment Fund 320005010
The Evansville YMCA Endowment Fund 320005010 is dedicated to supporting the broader objectives of the YMCA of Southwestern Indiana, Inc. This involves enhancing the spiritual, social, and physical well-being of young men. The fund's annual net income is allocated to the publicly supported organization. In the event of a calamity, catastrophe, or emergency, the institutional trustee has the discretion to utilize a necessary and appropriate portion of the trust principal for the benefit of the publicly supported organization. However, it's important to note that the trust corpus is not intended for covering the publicly supported organization's operating expenses or normal capital expenditures.
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Impact
October, 2024
The Evansville YMCA Endowment Fund 320005010 plays a vital role in enhancing the overall well-being of young men in the community by providing financial support to the YMCA of Southwestern Indiana. Through the distribution of net income generated from the trust, the fund enables programs and initiatives that focus on improving spiritual, social, and physical health.
This endowment not only supports ongoing services but can also respond effectively during times of calamity, catastrophe, or emergencies, allowing for the exploration of necessary financial withdrawals to assist the organization in urgent circumstances. The fund's commitment ensures that resources are available to foster growth and development in the community while adhering to specific guidelines that prioritize the support of the YMCA’s mission without impacting operational expenses directly.
Through this sustained financial backing, the Evansville YMCA Endowment Fund contributes to a healthier, more engaged community, reinforcing the essential functions of the YMCA as a pillar for youth development and holistic well-being.
This information is meant to be a general summary of Evansville Ymca Endowment Fund 320005010. 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 2024.
- Investment Income: $25,162
- Gross Receipts: $387,019
Assets and Liabilities:
- Total Assets: $882,269
- Total Liabilities: $0
- Net Assets: $882,269
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Organization Details
Founding Year
1955
Principal Officer
David Mitchell
NTEE Category
Code: P11 - Human services
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