Overview
What is Bedford Area Family Ymca?
The Bedford Area Family YMCA is a vital community organization situated in Bedford, Virginia. With a substantial and diverse population as its clientele, the YMCA offers a range of programs and services, embodying its mission to incorporate Christian principles into action, fostering physical, mental, and spiritual well-being for all. As the largest childcare provider in the county, the YMCA offers before- and after-school care at seven locations, catering to over 300 children daily during the school year. Additionally, the YMCA provides all-day care at three sites during the summer, accommodating over 400 children. The organization is committed to inclusivity, offering scholarships and fee reductions based on financial need to ensure that everyone can participate. Further, the YMCA operates a licensed pre-school program for children aged 2 1/2 to 5, partnering with the United Way's Success by Six national initiative to prepare children for kindergarten.
Official website here: www.bedfordymca.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The Bedford Area Family YMCA has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. The organization scored 100% in several key areas, illustrating a robust financial management structure and a commitment to ethical governance, with all board members being independent.
Strengths of the organization include a well-structured board, comprehensive financial oversight, and policies that promote accountability, such as a conflict of interest policy and a whistleblower policy. Additionally, a low liabilities-to-assets ratio and a high program expense ratio suggest that the majority of its funds are being directed towards its programs and services rather than administrative costs.
While the organization has demonstrated strong financial health and governance practices, it is essential for stakeholders to remain engaged and informed about the ongoing impact of its programs within the community. Overall, the Bedford Area Family YMCA exemplifies a nonprofit that operates with integrity and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Area Family Ymca legitimate?
Bedford Area Family Ymca is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford Area Family Ymca 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: $153,158
Professional Fundraising Fees: $28,277
Other Salaries and Wages: $705,902
For more financial information, click here
Official website here: www.bedfordymca.org
What is the mission statement of Bedford Area Family Ymca?
The Bedford Area Family YMCA is committed to serving a diverse community through various programs and services, embodying the YMCA's mission to integrate Christian principles into practice. This mission aims to foster physical, mental, and spiritual well-being for all individuals. The organization upholds this mission not just in words but in actions, ensuring that financial limitations do not hinder participation. By offering scholarships and fee reductions based on financial need, the YMCA extends its opportunities to everyone, ensuring inclusivity in its services.
Official website here: www.bedfordymca.org
Who is the CEO of Bedford Area Family Ymca?
Unavailable
Official website here: www.bedfordymca.org
What is the revenue of Bedford Area Family Ymca?
Bedford Area Family Ymca's revenue in 2022 was $2,232,489.
Official website here: www.bedfordymca.org
Who are the executives of Bedford Area Family Ymca and what are their salaries?
The average compensation at Bedford Area Family Ymca during 2022 was $6,225. There are 138 employees and 90 volunteers at Bedford Area Family Ymca.
Here are 18 key members and their salaries:
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- Compensation: $115,401
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- Other: $37,757
Official website here: www.bedfordymca.org
Where can I find the form 990 for Bedford Area Family Ymca?
Bedford Area Family Ymca's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bedfordymca.org
Learn more at the official website: www.bedfordymca.org
Mission Statement of Bedford Area Family Ymca
The Bedford Area Family YMCA is a vital community organization that serves a large and diverse population through various programs and services. Their mission, deeply rooted in Christian principles, is to put these principles into practice by offering programs that foster healthy spirit, mind, and body for all. This mission is not merely a statement, but a commitment that is shared by the staff, board of directors, and members, and is evident in all the programs and services provided by the organization. The Bedford Area Family YMCA does not turn away individuals due to their financial incapability; instead, it provides opportunities for everyone to participate by offering scholarship and fee reductions based on financial need. This inclusive approach ensures that no one is excluded from the transformative benefits of the YMCA's programs and services.
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Impact
July, 2024
The impact of the Bedford Area Family YMCA is far-reaching and significant. Through its various programs and services, the YMCA plays a crucial role in serving a large and diverse population in the community. It provides essential human services, such as child care, that benefit over 700 children daily during the school year and summer. Additionally, the YMCA's commitment to offering scholarships and fee reductions based on financial need ensures that no one is excluded from participating in its programs. Overall, the YMCA's dedication to building a healthy spirit, mind, and body for all members of the community underscores its impactful presence in Bedford, VA.
This information is meant to be a general summary of Bedford Area Family Ymca. 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: $1,309
- Program Service Revenue: $1,137,017
- Gross Receipts: $2,232,489
Assets and Liabilities:
- Total Assets: $4,882,055
- Total Liabilities: $264,645
- Net Assets: $4,617,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Youth Development
Revenue
$634,120
Healthy Living
Revenue
$502,897
Social Responsibility
Organization Details
Founding Year
1981
Phone
(540) 586-3484Main Address
PO Box 1026, Bedford, VA, 24523
Website
www.bedfordymca.orgNTEE Category
Code: P27Z - Human services
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