Overview
What is Apyc Inc Endowment Fund?
The Apyc Inc Endowment Fund is a perpetual charitable trust, established for the sole benefit of the American Parish Youth Center. Located in Wilmington, Delaware, this endowment fund operates under Section 501(C)3 of the Internal Revenue Code, granting it tax-exempt status. Its primary purpose is to support the American Parish Youth Center, a nonprofit organization dedicated to its mission. The exact activities and initiatives of the American Parish Youth Center are not specified in the information provided, but the endowment fund's role is to contribute to its ongoing welfare.
Is Apyc Inc Endowment Fund legitimate?
Apyc Inc Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Apyc Inc Endowment Fund 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: $24,858
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Apyc Inc Endowment Fund?
The Apyc Inc Endowment Fund was established as a perpetual charitable trust, granted tax-exempt status under Section 501(C)3 of the Internal Revenue Code. Its primary purpose is to support the American Parish Youth Center exclusively, ensuring its continued operation and benefit for the community. The fund's mission is to contribute to the center's activities and initiatives, aiming to positively impact and support young individuals within the community. The endowment fund serves as a long-term source of financial assistance, ensuring the center's sustainability and ability to carry out its charitable objectives.
Who is the CEO of Apyc Inc Endowment Fund?
Tim Young is the Principal Officer of Apyc Inc Endowment Fund.
What is the revenue of Apyc Inc Endowment Fund?
Apyc Inc Endowment Fund's revenue in 2022 was $120,090.
Who are the executives of Apyc Inc Endowment Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Apyc Inc Endowment Fund?
Apyc Inc Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Apyc Inc Endowment Fund
The Apyc Inc Endowment Fund is a perpetual charitable trust, established under Section 501(C)3 of the Internal Revenue Code, with a sole purpose of benefiting the American Parish Youth Center. This endowment fund was created to support the operations and initiatives of the American Parish Youth Center, ensuring its long-term financial stability and ability to carry out its mission. The Apyc Inc Endowment Fund serves as a source of funds for the American Parish Youth Center, enabling it to continue its work in providing resources and support for youth development and community engagement.
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Impact
October, 2024
The Apyc Inc Endowment Fund significantly impacts the American Parish Youth Center by providing a continuous and sustainable source of funding that supports its programs and initiatives. Established as a perpetual charitable trust, it ensures that resources are consistently available to enhance the well-being and development of the youth in the community. This funding allows for various activities, educational opportunities, and resources that promote personal growth, social engagement, and community involvement among young individuals. By securing the financial stability of the center, the endowment fund plays a crucial role in fostering a nurturing environment that empowers youth, cultivates leadership skills, and encourages lifelong learning and philanthropy.
This information is meant to be a general summary of Apyc Inc Endowment Fund. 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: $120,090
- Gross Receipts: $1,405,448
Assets and Liabilities:
- Total Assets: $6,127,995
- Total Liabilities: $0
- Net Assets: $6,127,995
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Organization Details
Founding Year
1994
Phone
(302) 246-5400Principal Officer
Tim Young
Main Address
2751 CENTERVILLE RD STE 400, WILMINGTON, DE, 19808
NTEE Category
Code: T90I - Philanthropy
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