Overview
What is Yates Mill Associates Inc?
Yates Mill Associates Inc, situated in Raleigh, North Carolina, is a dedicated nonprofit organization with a primary focus on the restoration and preservation of the historic Yates Mill, constructed in 1756. Their mission revolves around educating the public on the functioning of a water-powered grist mill from the 1860s through guided tours. By providing these tours, they aim to contribute to the upkeep and maintenance of this significant historical site, thereby enriching the community's understanding and appreciation of its past.
Official website here: www.yatesmill.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating
Yates Mill Associates Inc has earned a Three-Star rating from Charity Navigator, indicating a satisfactory level of accountability and finance management. The organization received a score of 76%, which reflects a strong emphasis on financial practices, showcasing its commitment to transparency and responsible management of resources.
Key strengths of Yates Mill Associates include a fully independent board, with 100% of its members being independent, and a well-sized board of 13 members. The organization has also demonstrated excellent financial health, with a very low liabilities to assets ratio of 0.01%, and a high program expense ratio of 82.86%, suggesting that a significant portion of its expenditures is directed towards its mission-related activities.
While the charity's financial practices appear robust, the overall rating is based solely on accountability and finance, with no evaluation of the effectiveness or impact of its programs noted in the data. This focus may limit the assessment of the charity's broader performance and outcomes in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Yates Mill Associates Inc legitimate?
Yates Mill Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Yates Mill Associates 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
Official website here: www.yatesmill.org
What is the mission statement of Yates Mill Associates Inc?
Yates Mill Associates Inc's mission is centered around the restoration and preservation of a historic gristmill. This is accomplished primarily through educational initiatives and guided tours. By offering these experiences, the organization aims to educate the public about the operation of a water-powered grist mill during the 1860s. This mission serves to preserve the rich historical heritage and provide an engaging learning experience for visitors.
Official website here: www.yatesmill.org
Who is the CEO of Yates Mill Associates Inc?
Larry Hancock is the President of Yates Mill Associates Inc.
Official website here: www.yatesmill.org
What is the revenue of Yates Mill Associates Inc?
Yates Mill Associates Inc's revenue in 2022 was $57,774.
Official website here: www.yatesmill.org
Who are the executives of Yates Mill Associates Inc and what are their salaries?
There 45 volunteers at Yates Mill Associates Inc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.yatesmill.org
Where can I find the form 990 for Yates Mill Associates Inc?
Yates Mill Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yatesmill.org
Learn more at the official website: www.yatesmill.org
Mission Statement of Yates Mill Associates Inc
Yates Mill Associates Inc, a dedicated nonprofit organization, is committed to the preservation and restoration of a historic gristmill. Their mission is twofold: firstly, they aim to meticulously restore and maintain the historic Yates Mill, a structure dating back to 1756. Secondly, they strive to educate the public about the operation of a water-powered grist mill during the 1860s through guided tours. By providing insightful tours and disseminating knowledge, Yates Mill Associates Inc seeks to promote an appreciation for historical milling practices and the significance of preserving such architectural gems.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Yates Mill Associates Inc's impact lies in its ongoing restoration, preservation, and operation of the historic Yates Mill. By providing tours and educating the public on the operation of a water-powered grist mill from the 1860s, Yates Mill Associates Inc plays a vital role in preserving this piece of history. Their efforts help bring to life the significance of milling and agriculture in the past, allowing visitors to gain a deeper understanding of this aspect of local heritage. Through their work, Yates Mill Associates Inc contributes to the preservation of cultural heritage and the promotion of education in a tangible and engaging manner.
This information is meant to be a general summary of Yates Mill Associates 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: $20,408
- Program Service Revenue: $3,669
- Gross Receipts: $59,986
Assets and Liabilities:
- Total Assets: $685,627
- Total Liabilities: $75
- Net Assets: $685,552
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tours
Revenue
$3,669
Organization Details
Founding Year
1989
Phone
(919) 542-5228Principal Officer
Larry Hancock
Main Address
PO Box 10512, Raleigh, NC, 27605
Website
www.yatesmill.orgNTEE Category
Code: A80 - Arts
If you are a representative of Yates Mill Associates Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.