Overview
What is Cannon Street Ymca?
Cannon Street YMCA serves as a nonprofit organization situated in Charleston, South Carolina. With a mission rooted in Christian values, their purpose is to enhance the lives of the local community by providing opportunities that foster spiritual, mental, and physical growth. They offer a variety of programs, including an afterschool program catering to 68 children, a spring break camp for 19 participants, a summer day camp for 352 individuals, and a Parent Morning Out program for 18 participants. During school breaks, they also extend their services, demonstrating their commitment to supporting children and families in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Cannon Street YMCA has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement. The organization scores 64% overall, with particular strengths in governance, as evidenced by its fully independent board and the presence of multiple essential policies, including conflict of interest and whistleblower protections. Additionally, the program expense ratio is commendable at 77.50%, suggesting that a substantial portion of its budget is directed toward its programs.
However, there are notable weaknesses in financial transparency and health. The organization scored poorly on financial statements, earning no points for having reviewed or compiled statements, which raises questions about financial oversight. Moreover, the liabilities to assets ratio is concerning at 92.04%, indicating a high level of debt relative to assets, which could impact the organization’s financial stability in the long term.
Overall, while Cannon Street YMCA demonstrates good governance and a strong programmatic focus, addressing its financial management practices and enhancing transparency will be crucial for improving its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Cannon Street Ymca legitimate?
Cannon Street Ymca is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cannon Street 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: $327,222
Professional Fundraising Fees: $0
Other Salaries and Wages: $694,496
For more financial information, click here
What is the mission statement of Cannon Street Ymca?
The mission of Cannon Street YMCA, as stated, is to enhance the lives of individuals, families, and communities in various areas by providing opportunities that reinforce spiritual, intellectual, and physical growth. This is accomplished through the YMCA's commitment to Christian values, connecting people in the Greater Charleston area. The organization's activities include offering afterschool programs, spring break camps, summer day camps, and parent-child interaction sessions, all aimed at strengthening the whole person.
Who is the CEO of Cannon Street Ymca?
Paul L Stoney is the CEO of Cannon Street Ymca The CEO's salary of Cannon Street Ymca is $141,498 and their total compensation is $141,498.
What is the revenue of Cannon Street Ymca?
Cannon Street Ymca's revenue in 2023 was $2,704,071.
Who are the executives of Cannon Street Ymca and what are their salaries?
The average compensation at Cannon Street Ymca during 2023 was $6,386. There are 160 employees and 25 volunteers at Cannon Street Ymca.
Here are 33 key members and their salaries (Cannon Street Ymca's CEO's salary is $141,498 and their total compensation is $141,498):
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Where can I find the form 990 for Cannon Street Ymca?
Cannon Street Ymca's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Cannon Street Ymca
Cannon Street YMCA, an organization rooted in Christian values, strives to enhance the lives of individuals, families, and communities in the wider Charleston area. Their mission is threefold: to foster spiritual growth, promote intellectual development, and encourage physical well-being. They achieve this by providing opportunities that engage the whole person, connecting them with resources and programs that fortify their spirit, sharpens their mind, and strengthens their body. This approach allows the YMCA to contribute significantly to the betterment of the Greater Charleston community.
In practice, Cannon Street YMCA offers a variety of programs tailored to different age groups and needs. One such program is their Afterschool offering, which serves 68 participants during the school year. In addition, they organize Spring Break and Summer Day Camps, catering to 19 and 352 children respectively. The organization also provides Parent Morning Out, a service that supports 18 families by offering supervised care for their children. These programs reflect Cannon Street YMCA's commitment to nurturing the holistic development of its community members, ensuring that their lives are enriched in spirit, mind, and body.
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Impact
July, 2024
Cannon Street YMCA in Charleston, SC positively impacts the Greater Charleston area by providing opportunities for individuals, families, and communities to strengthen their spirit, mind, and body based on Christian values. The YMCA offers programs such as afterschool activities, spring break camps, summer day camps, and parent morning out sessions. These programs have served a significant number of participants, with 68 individuals in the afterschool program, 19 in the spring break camp, 352 in the summer day camp, and 18 in the Parent Morning Out program. The YMCA's commitment to human services is evident in its mission to enhance the lives of community members through these valuable programs and services.
This information is meant to be a general summary of Cannon Street 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 2023.
- Investment Income: $97
- Program Service Revenue: $2,411,114
- Gross Receipts: $2,704,071
Assets and Liabilities:
- Total Assets: $26,290,975
- Total Liabilities: $23,471,617
- Net Assets: $2,819,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Fees
Revenue
$622,411
Childcare Revenue
Revenue
$127,823
Day Camp Revenue
Revenue
$159,697
Membership Revenue
Revenue
$1,501,183
Organization Details
Founding Year
1991
Principal Officer
Paul Stoney
NTEE Category
Code: P20 - Human services
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