Overview
What is Norfolk Area Ymca Endowment?
The Norfolk Area YMCA Endowment is a nonprofit organization situated in Norfolk, Nebraska. Its primary program, the Norfolk Family YMCA Heritage Club, aims to establish financial stability for future generations. This club encourages contributions from donors to ensure the YMCA's financial security, enabling it to introduce new programs that cater to the community's evolving needs. The Heritage Club's mission is to invest in tomorrow's future, serving future generations of young people, thereby upholding the YMCA's commitment to Norfolk and surrounding communities, which spans over a century. By supporting the Heritage Club, members help maintain the YMCA's affordability and sustainability.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Norfolk Area YMCA Endowment has received an 80% score from Charity Navigator, indicating a solid performance in accountability and finance. This rating is based solely on a single beacon score, emphasizing the charity's strong governance practices and financial health. It features a completely independent board, with 100% of its members meeting this criterion, and has demonstrated a commitment to ethical practices with a well-documented conflict of interest policy.
Among its notable strengths, the organization boasts a perfect program expense ratio of 100%, reflecting its dedication to utilizing funds effectively for its intended mission. The endowment also maintains an excellent liabilities to assets ratio of 0.00%, showcasing its financial stability. Additionally, it scores full points for documenting board meeting minutes, ensuring transparency and accountability.
While the overall rating is commendable, potential donors may want to explore further details about the organization’s programmatic impact and community outreach. However, the strong financial practices and robust governance provide a positive indicator of the Norfolk Area YMCA Endowment's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Norfolk Area Ymca Endowment legitimate?
Norfolk Area Ymca Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norfolk Area Ymca Endowment 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Norfolk Area Ymca Endowment?
The Norfolk Area YMCA Endowment aims to establish long-term financial stability while investing in the future for upcoming generations of young people. This mission is achieved by promoting financial security for the YMCA and allowing it to introduce new programs to cater to community needs. The YMCA Heritage Club, a primary program of the endowment, is designed to serve future generations of young people. Donors contribute to the endowment, ensuring the YMCA's financial sustainability and enabling it to maintain affordable memberships. The endowment's mission spans over a century, impacting the Norfolk and surrounding communities significantly.
What is the revenue of Norfolk Area Ymca Endowment?
Norfolk Area Ymca Endowment's revenue in 2023 was $57,593.
Who are the executives of Norfolk Area Ymca Endowment and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Norfolk Area Ymca Endowment?
Norfolk Area Ymca Endowment's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Norfolk Area Ymca Endowment
The Norfolk Area YMCA Endowment is dedicated to establishing long-term financial stability while investing in the future generations of young people. This mission is accomplished by serving as a financial backbone for the organization, allowing the Norfolk YMCA to continue providing new programs that meet the needs of the community. The endowment's primary program, the Norfolk Family YMCA Heritage Club, encourages donations to ensure the YMCA's financial security. These contributions enable the organization to maintain its 100-year commitment to impacting Norfolk and surrounding communities, while keeping membership fees affordable. By supporting the Norfolk Area YMCA Endowment, individuals contribute to the long-term success of the YMCA and the future of its impactful programs.
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Impact
October, 2024
The Norfolk Area YMCA Endowment has a profound impact on the community by ensuring long-term financial stability and fostering the growth of programs that benefit future generations. Through its primary initiative, the Norfolk Family YMCA Heritage Club, the endowment actively promotes sustaining and enhancing services crucial for young people and families.
By engaging donors, the endowment secures essential resources that allow the YMCA to continually adapt to the evolving needs of the community. This financial support not only helps maintain affordable memberships but also enables the introduction of new programs that enrich the lives of community members.
The Heritage Club plays a critical role in upholding a commitment that spans over a century, reinforcing the YMCA's dedication to positively impacting Norfolk and its surrounding areas. By investing in tomorrow's future today, the Norfolk Area YMCA Endowment contributes significantly to the well-being and development of young individuals, ensuring they have access to enriching activities and support for years to come.
This information is meant to be a general summary of Norfolk Area Ymca Endowment. 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 2023.
- Investment Income: $36,736
- Gross Receipts: $624,342
Assets and Liabilities:
- Total Assets: $1,876,648
- Total Liabilities: $0
- Net Assets: $1,876,648
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Organization Details
Founding Year
2014
Principal Officer
Bob Dudley
NTEE Category
Code: P11 - Human services
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