Overview
What is Young Men's Christian Association Of The Palm Beaches Inc?
Young Men's Christian Association of the Palm Beaches Inc is a nonprofit organization situated in Lake Worth Beach, Florida. Their primary focus is on youth development, believing that nurturing and empowering children today will foster contributing adults for tomorrow. They offer various programs to help young people cultivate essential values, skills, and relationships, leading to positive behaviors, improved health, and enhanced educational achievement. The YMCA, as they are commonly known, makes quality childcare accessible to all, even those who cannot afford it, through financial assistance. Their mission is to apply Judeo-Christian principles in practical programs, promoting physical, mental, and spiritual well-being for all. Their objectives include strengthening families, supporting children's development, personal growth, community appreciation, and enhancing self-esteem.
Official website here: www.ymcapalmbeaches.org
What are the reviews and ratings of this charity?
The Young Men's Christian Association Of The Palm Beaches Inc has received an impressive rating of 97% from Charity Navigator, securing a Four-Star out of Four Star rating. This score signifies exceptional performance in accountability and finance, demonstrating strong fiscal responsibility and transparency. However, it is important to note that this rating is derived solely from a single beacon score, which focuses heavily on financial metrics.
The organization's strengths are highlighted by their impeccable accountability and governance practices. They boast a fully independent board, perfect scores in audit and oversight, and a solid set of policies in place such as conflict of interest, whistleblower, and document retention. Their program expense ratio of 70.75% and a low fundraising efficiency ratio indicate effective resource allocation towards their mission.
Despite these strengths, the rating does not encompass other potential evaluation areas like Impact & Measurement, Culture & Community, and Leadership & Adaptability. This suggests that while the organization is managed with high financial diligence, the broader scope of their impact and operational adaptability remains unassessed in this rating.
This AI summary has been generated from information found on Charity Navigator.
Is Young Men's Christian Association Of The Palm Beaches Inc legitimate?
Young Men's Christian Association Of The Palm Beaches Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Christian Association Of The Palm Beaches 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: $192,772
Professional Fundraising Fees: $0
Other Salaries and Wages: $706,426
For more financial information, click here
Official website here: www.ymcapalmbeaches.org
What is the mission statement of Young Men's Christian Association Of The Palm Beaches Inc?
The Young Men's Christian Association of the Palm Beaches Inc has a mission to implement Judeo-Christian principles in practice through programs that foster a healthy spirit, mind, and body for all individuals. The organization believes in nurturing and empowering children to become confident and engaged adults, offering them opportunities to discover their potential and develop essential values, skills, and relationships. The YMCA's childcare programs are designed to enrich cognitive, social, physical, and emotional growth, making quality care accessible to all, even those who cannot afford it. The association aims to strengthen families, support children's development and education, help individuals grow personally, and increase appreciation for the community, promoting respect and inclusivity among people of diverse backgrounds.
Official website here: www.ymcapalmbeaches.org
Who is the CEO of Young Men's Christian Association Of The Palm Beaches Inc?
Timothy G Coffield is the Chairman of Young Men's Christian Association Of The Palm Beaches Inc. The CEO's salary of Young Men's Christian Association Of The Palm Beaches Inc is $192,771 and their total compensation is $215,968.
Official website here: www.ymcapalmbeaches.org
What is the revenue of Young Men's Christian Association Of The Palm Beaches Inc?
Young Men's Christian Association Of The Palm Beaches Inc's revenue in 2022 was $11,288,191.
Official website here: www.ymcapalmbeaches.org
Who are the executives of Young Men's Christian Association Of The Palm Beaches Inc and what are their salaries?
The average compensation at Young Men's Christian Association Of The Palm Beaches Inc during 2022 was $7,752. There are 116 employees and 20 volunteers at Young Men's Christian Association Of The Palm Beaches Inc.
Here are 19 key members and their salaries (Young Men's Christian Association Of The Palm Beaches Inc's CEO's salary is $192,771 and their total compensation is $215,968):
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- Compensation: $192,771
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- Other: $23,197
Official website here: www.ymcapalmbeaches.org
Where can I find the form 990 for Young Men's Christian Association Of The Palm Beaches Inc?
Young Men's Christian Association Of The Palm Beaches Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymcapalmbeaches.org
Learn more at the official website: www.ymcapalmbeaches.org
Mission Statement of Young Men's Christian Association Of The Palm Beaches Inc
The Young Men's Christian Association of the Palm Beaches Inc is committed to implementing Judeo-Christian principles in practical ways, primarily through programs that foster a healthy spirit, mind, and body for all. Their mission, in essence, is to contribute positively to the development of children, helping them grow into confident and engaged individuals who can make a difference in the future.
The organization recognizes the importance of starting with the youth and providing them with opportunities to discover their potential. They offer various programs that cultivate values, skills, and relationships leading to positive behaviors, improved health, and educational achievement. The YMCA's child care programs, in particular, offer a range of experiences that enrich cognitive, social, physical, and emotional growth.
The association is dedicated to making quality care accessible for all, not just those who can afford it. They offer financial assistance for families who cannot pay the full cost, ensuring that their programs are inclusive and available to those who need them most. The goals of the Young Men's Christian Association of the Palm Beaches Inc include strengthening families, supporting the care and education of children, encouraging personal growth, and increasing appreciation for the community. They aim to foster an environment of respect, inclusivity, and appreciation for people of different ages, abilities, incomes, races, religions, cultures, and beliefs.
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Impact
July, 2024
Young Men's Christian Association Of The Palm Beaches Inc focuses on youth development by providing a range of experiences that enrich cognitive, social, physical, and emotional growth. The organization believes in nurturing confident and engaged children who will grow into contributing adults in the future. By offering quality child care programs and assisting families in need, the YMCA promotes positive behaviors, better health, and educational achievement. Their mission to build a healthy spirit, mind, and body for all reflects their commitment to strengthening families, supporting child development, enhancing personal growth, and fostering community appreciation. Through their programs, the YMCA makes a significant impact on the lives of youth and families in Lake Worth Beach, FL.
This information is meant to be a general summary of Young Men's Christian Association Of The Palm Beaches 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: $8,502,386
- Program Service Revenue: $870,682
- Gross Receipts: $12,919,463
Assets and Liabilities:
- Total Assets: $13,306,593
- Total Liabilities: $185,279
- Net Assets: $13,121,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUES
Revenue
$576,120
MEMBERSHIP DUES
Revenue
$294,562
Organization Details
Founding Year
1946
Phone
(561) 968-9622Principal Officer
Timothy G Coffield
Main Address
2728 LAKE WORTH ROAD, LAKE WORTH BEACH, FL, 33461
Website
www.ymcapalmbeaches.orgNTEE Category
Code: P270 - Human services
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