Overview
What is Wausau Ymca Foundation Inc?
Wausau YMCA Foundation Inc is a nonprofit organization situated in Wausau, Wisconsin, with an address at 707 Third Street. The primary purpose of this foundation is to acquire property, either through purchase or donation, and make it available for use by the Woodson YMCA, Inc. The foundation accomplishes this by providing contributions in the form of depreciation expenses on its owned assets utilized by the YMCA, as well as offering other donations and covering expenses to repair equipment. In summary, Wausau YMCA Foundation Inc plays a significant role in supporting the Woodson YMCA by providing financial resources and property assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Wausau YMCA Foundation Inc has achieved an impressive score of 94% on Charity Navigator, earning it a Four-Star rating. This high score reflects exceptional accountability and financial management, with a full score of 100% in the Accountability & Finance category. The foundation has demonstrated strong governance practices with 92% of its board members being independent, ensuring objective oversight.
In terms of financial health, the organization maintains a low liabilities to assets ratio of 9.44%, indicating sound financial stability. Additionally, a significant portion of its expenses—89.54%—is allocated to programs, showcasing a commitment to fulfilling its mission effectively. The presence of robust policies regarding conflicts of interest, whistleblower protection, and document retention further enhances its transparency.
While the data highlights numerous strengths, it is important for potential donors to consider the overall mission and impact of the foundation. However, the strong financial practices and governance structures in place suggest that the Wausau YMCA Foundation Inc is well-managed and dedicated to making a positive difference in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Wausau Ymca Foundation Inc legitimate?
Wausau Ymca Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wausau Ymca Foundation 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.
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 Wausau Ymca Foundation Inc?
The Wausau YMCA Foundation Inc's mission is centered around acquiring both real and personal property through gifts or purchases. This acquired property is then made available for the use of the Woodson YMCA Inc. The foundation also contributes to the Woodson YMCA in various forms, including covering depreciation expenses on its owned assets used by the YMCA and making other donations. Additionally, the foundation incurs expenses for repairing equipment it owns.
Who is the CEO of Wausau Ymca Foundation Inc?
Bryan Bailey is the Assist. Trea of Wausau Ymca Foundation Inc.
What is the revenue of Wausau Ymca Foundation Inc?
Wausau Ymca Foundation Inc's revenue in 2022 was $72,307.
Who are the executives of Wausau Ymca Foundation Inc and what are their salaries?
There 13 volunteers at Wausau Ymca Foundation Inc.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Wausau Ymca Foundation Inc?
Wausau Ymca Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wausau Ymca Foundation Inc
Wausau YMCA Foundation Inc, as a philanthropic entity, is dedicated to procuring both real and personal property through gifts or purchases. The primary objective of this foundation is to make these acquired resources available for the utilization of the Woodson YMCA, Inc. By doing so, the foundation supports and enhances the operations of the YMCA, thereby contributing to its overall mission and services.
Moreover, the Wausau YMCA Foundation Inc also engages in other charitable activities. It contributes to the Woodson YMCA by covering depreciation expenses related to the foundation's owned assets that are utilized by the YMCA. Additionally, the foundation makes other donations to the YMCA and incurs expenses to repair equipment that belongs to the foundation. Through these actions, the Wausau YMCA Foundation Inc plays a crucial role in supporting the Woodson YMCA, Inc. by providing financial assistance and ensuring the maintenance of its assets.
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Impact
August, 2024
The impact of Wausau Ymca Foundation Inc can be seen in its support of the Woodson YMCA in Wausau, Wisconsin. The foundation acquires real and personal property to make available for use by the Woodson YMCA, contributing to the upkeep and improvement of facilities and equipment. This assistance helps the Woodson YMCA better serve its community through various human services programs and activities.
This information is meant to be a general summary of Wausau Ymca Foundation 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: $8,871
- Gross Receipts: $169,658
Assets and Liabilities:
- Total Assets: $38,936,027
- Total Liabilities: $2,926,967
- Net Assets: $36,009,060
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Organization Details
Founding Year
1963
Phone
(715) 845-2177Principal Officer
Bryan Bailey
Main Address
707 THIRD STREET, WAUSAU, WI, 54403
NTEE Category
Code: P20 - Human services
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