Overview
What is Ymca Foundation Of Middle Tennessee?
The YMCA Foundation of Middle Tennessee is a nonprofit organization, specifically established to manage an endowment fund exclusively benefiting the YMCA of Middle Tennessee. This fund's earnings finance various programs and services provided by the YMCA. In 2022 alone, the foundation granted a substantial sum of $495,696 to the YMCA. The foundation's mission prioritizes the use of endowment funds for facility enhancements, service expansion, and professional leadership development. Located in Nashville, Tennessee, the foundation supports the YMCA's mission to strengthen communities and empower individuals through a variety of programs.
Official website here: www.ymcafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star Rating
The YMCA Foundation of Middle Tennessee has earned an 88% rating from Charity Navigator, indicating strong performance in accountability and finance. This score reflects a high level of fiscal responsibility, with an impressive 87.13% of expenses directed toward programs. The organization also boasts a fully independent board, which enhances its governance and decision-making processes.
Strengths of the foundation include a robust financial oversight framework, highlighted by its comprehensive audit and oversight committee. Key metrics such as a low liabilities-to-assets ratio and the absence of material asset diversion further underscore the foundation's sound financial health. Additionally, the organization has established clear policies regarding conflict of interest and document retention, although there is a noted absence of a whistleblower policy.
Despite its strengths, the YMCA Foundation of Middle Tennessee does face a limitation with the lack of a formal whistleblower policy, which could enhance transparency and accountability further. Overall, the organization demonstrates a commitment to financial integrity and effective governance, making it a reliable choice for donors seeking to support community-focused initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ymca Foundation Of Middle Tennessee legitimate?
Ymca Foundation Of Middle Tennessee is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ymca Foundation Of Middle Tennessee 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: $30,240
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ymcafoundation.org
What is the mission statement of Ymca Foundation Of Middle Tennessee?
The YMCA Foundation of Middle Tennessee oversees a permanent endowment fund, primarily allocated for the betterment of the YMCA of Middle Tennessee. This includes prioritizing the use of funds for major facility enhancements, service expansion, and leadership development. The organization's earnings from the endowment are utilized to support programs and services within the YMCA. In 2022, the Foundation willingly distributed grants amounting to $495,696 to the YMCA, contributing to their operations.
Official website here: www.ymcafoundation.org
Who is the CEO of Ymca Foundation Of Middle Tennessee?
Unavailable The CEO's salary of Ymca Foundation Of Middle Tennessee is $0 and their total compensation is $448,347.
Official website here: www.ymcafoundation.org
What is the revenue of Ymca Foundation Of Middle Tennessee?
Ymca Foundation Of Middle Tennessee's revenue in 2022 was $1,125,531.
Official website here: www.ymcafoundation.org
Who are the executives of Ymca Foundation Of Middle Tennessee and what are their salaries?
There 17 volunteers at Ymca Foundation Of Middle Tennessee.
Here are 21 key members and their salaries (Ymca Foundation Of Middle Tennessee's CEO's salary is $0 and their total compensation is $448,347):
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- Related: $414,064
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- Related: $203,932
- Other: $29,302
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- Related: $216,891
- Other: $32,429
Official website here: www.ymcafoundation.org
Where can I find the form 990 for Ymca Foundation Of Middle Tennessee?
Ymca Foundation Of Middle Tennessee's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymcafoundation.org
Learn more at the official website: www.ymcafoundation.org
Mission Statement of Ymca Foundation Of Middle Tennessee
The YMCA Foundation of Middle Tennessee is dedicated to maintaining a perpetual endowment fund, primarily intended for the advantage of the YMCA of Middle Tennessee. As the trustees of this fund exercise their discretion, they prioritize the allocation of endowment funds towards significant facility maintenance, modernization, or expansion, the extension of services, and the development and training of skilled leadership within the YMCA organization. In the year 2022, the Foundation distributed grants totaling $495,696 to the YMCA, channeling the earnings from the endowment towards their programs and services. This nonprofit entity plays a vital role in supporting the YMCA's growth and development, ensuring the continuation of its impactful initiatives for the community.
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Impact
July, 2024
The impact of the YMCA Foundation of Middle Tennessee is seen through its support of the YMCA in the region. By maintaining an endowment fund, the Foundation provides financial resources for programs and services that benefit the community. In 2022 alone, the Foundation granted $495,696 to the YMCA, contributing to the organization's ability to enhance facilities, expand services, and develop professional leadership. The Foundation's focus on major maintenance, modernization, and expansion of facilities serves to strengthen the impact of the YMCA in Middle Tennessee, ultimately benefiting individuals and families in need of human services in the Nashville area.
This information is meant to be a general summary of Ymca Foundation Of Middle Tennessee. 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: $466,344
- Gross Receipts: $4,974,195
Assets and Liabilities:
- Total Assets: $12,450,739
- Total Liabilities: $501,543
- Net Assets: $11,949,196
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Organization Details
Founding Year
1969
Phone
(615) 259-9622Main Address
1000 CHURCH STREET, NASHVILLE, TN, 372033420
Website
www.ymcafoundation.orgNTEE Category
Code: P27I - Human services
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