Overview
What is Gilbert Wm Ymca Etal Tr Ua?
Gilbert Wm Ymca Etal Trust is a philanthropic entity that disburses funds to designated charities, as outlined in its governing document. Its purpose is to assist these charities in managing their expenses. The trust has been instrumental in supporting various organizations, such as the Association for the Blind & Visually Impaired and the Grand Rapids Art Museum, by providing financial aid. The trust's activities are centered around fulfilling its mandate of financially supporting these named charities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%)
The Gilbert Wm YMCA Etal Tr UA has received a two-star rating from Charity Navigator, indicating there are several areas needing attention, particularly in governance and transparency. While the organization has a solid program expense ratio of 77.89%, demonstrating a commitment to directing funds towards its mission, its accountability and finance score stands at 60%. This suggests that operational practices could be enhanced to increase trust and reliability.
One major concern highlighted is the lack of independent board members, with 0% indicating that governance may not meet best practice standards. Additionally, essential policies such as a whistleblower policy and document retention procedures are missing, which can impact operational integrity and accountability. The absence of a website listing on the tax form and other transparency measures could hinder public confidence in the nonprofit.
However, the organization shows positive indicators such as no material diversion of assets and a favorable liabilities to assets ratio of 0.00%. This suggests that while there are governance issues to address, the financial health of the Gilbert Wm YMCA Etal Tr UA appears stable, provided that improvements in transparency and governance are made moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Gilbert Wm Ymca Etal Tr Ua legitimate?
Gilbert Wm Ymca Etal Tr Ua is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gilbert Wm Ymca Etal Tr Ua 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: $5,877
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gilbert Wm Ymca Etal Tr Ua?
The mission of Gilbert Wm YMCA Etal Trust, as per its governing document, involves making distributions to designated charities to aid in covering their expenses. This charitable trust supports various organizations, such as the Association for the Blind & Visually Impaired and the Grand Rapids Art Museum, in their operational costs. The primary objective of these distributions is to assist these charities in their missions and services. The trust does not have a mission statement of its own, but rather, its purpose is to support the missions of the charities it funds.
Who is the CEO of Gilbert Wm Ymca Etal Tr Ua?
Fifth Third Bank N A is the Trustee of Gilbert Wm Ymca Etal Tr Ua.
What is the revenue of Gilbert Wm Ymca Etal Tr Ua?
Gilbert Wm Ymca Etal Tr Ua's revenue in 2022 was $14,421.
Who are the executives of Gilbert Wm Ymca Etal Tr Ua and what are their salaries?
There is 1 key member and their salary:
- Compensation: $5,877
- Related: $0
- Other: $0
Where can I find the form 990 for Gilbert Wm Ymca Etal Tr Ua?
Gilbert Wm Ymca Etal Tr Ua's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gilbert Wm Ymca Etal Tr Ua
Gilbert Wm Ymca Etal Trust is a philanthropic organization that follows a set of guidelines outlined in its governing document. Its mission revolves around providing financial assistance to named charities, aiming to alleviate their operational expenses. This trust has supported various organizations, including the Association for the Blind & Visually Impaired and the Grand Rapids Art Museum, among others. By making these distributions, the Gilbert Wm Ymca Etal Trust plays a significant role in contributing to the continued operation and success of these charitable organizations.
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Impact
October, 2024
Gilbert Wm Ymca Etal Tr Ua plays a significant role in supporting various charitable organizations by providing essential financial distributions. These allocations help alleviate operational costs for programs focused on critical areas such as the visually impaired and the arts. By directing funds to named charities like the Association for the Blind & Visually Impaired and the Grand Rapids Art Museum, the trust significantly enhances their ability to deliver services and foster community engagement. This impact not only supports individuals in need but also enriches the cultural landscape of the community, fostering a sense of inclusion and accessibility. Overall, the trust's financial contributions are vital for sustaining important charitable initiatives, ensuring they continue to thrive and serve their intended audiences.
This information is meant to be a general summary of Gilbert Wm Ymca Etal Tr Ua. 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: $14,421
- Gross Receipts: $279,221
Assets and Liabilities:
- Total Assets: $415,264
- Total Liabilities: $0
- Net Assets: $415,264
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Organization Details
Founding Year
1947
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: T22 - Philanthropy
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