Overview
What is Lafayette Ymca Support Corporation?
The Lafayette YMCA Support Corporation is a nonprofit entity, specifically established to function as a supporting organization for the Lafayette Family YMCA. This corporation's primary purpose is to construct, own, operate, and lease assets to the Lafayette Family YMCA. It operates exclusively for the benefit of the YMCA, financing the construction and maintenance of facilities and equipment used by the organization. The corporation's headquarters are located at 3001 S Creasy Lane, Lafayette, IN, 47905.
Is Lafayette Ymca Support Corporation legitimate?
Lafayette Ymca Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lafayette Ymca Support Corporation 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
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What is the mission statement of Lafayette Ymca Support Corporation?
The Lafayette YMCA Support Corporation was established with the primary objective of serving as a supporting organization for the Lafayette Family YMCA. This corporation is responsible for constructing, owning, operating, and leasing assets to the Lafayette Family YMCA for its benefit. The Lafayette YMCA Support Corporation operates exclusively for the advantage of the Lafayette Family YMCA at all times. Its purpose is to contribute to the well-being and growth of the Lafayette Family YMCA by providing necessary support and resources. It does not have a specific mission statement focusing on serving the community or individuals beyond its role in supporting the Lafayette Family YMCA.
Who is the CEO of Lafayette Ymca Support Corporation?
Mike Stapleton is the Director of Lafayette Ymca Support Corporation.
What is the revenue of Lafayette Ymca Support Corporation?
Lafayette Ymca Support Corporation's revenue in 2022 was $1,112,896.
Who are the executives of Lafayette Ymca Support Corporation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Lafayette Ymca Support Corporation?
Lafayette Ymca Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lafayette Ymca Support Corporation
Lafayette YMCA Support Corporation was established with a specific purpose: to serve as a supporting organization for the Lafayette Family YMCA. Operating exclusively for the benefit of this main entity, the corporation undertakes the construction, ownership, operation, and leasing of assets to the Lafayette Family YMCA. This arrangement allows the primary YMCA to focus on its mission while the support corporation manages the necessary infrastructure. The Lafayette YMCA Support Corporation's mission is to contribute to the success and growth of the Lafayette Family YMCA, ensuring it can continue to provide essential services to its community.
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Impact
October, 2024
Lafayette YMCA Support Corporation plays a pivotal role in enhancing the resources and infrastructure available to the Lafayette Family YMCA. By constructing, owning, and leasing essential facilities and equipment, the corporation ensures that the YMCA can provide a wide range of programs and services focused on youth development and community wellness.
The corporation borrows funds to finance the construction of facilities, thereby creating a robust environment where community members can engage in physical activities, educational programs, and social events. By operating with the exclusive aim of benefiting the Lafayette Family YMCA, the corporation allows the YMCA to focus on delivering its core mission without the burden of managing property and equipment directly.
This collaborative model not only strengthens the financial stability of the YMCA but also enhances accessibility for families and individuals seeking enriching experiences. In turn, this fosters a healthier, more connected community, addressing vital needs such as youth development, community engagement, and overall well-being. The impact extends far beyond physical assets; it cultivates a sense of belonging and support among residents of Lafayette, Indiana.
This information is meant to be a general summary of Lafayette Ymca Support Corporation. 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: $78
- Program Service Revenue: $1,112,818
- Gross Receipts: $1,112,896
Assets and Liabilities:
- Total Assets: $28,369,567
- Total Liabilities: $26,750,084
- Net Assets: $1,619,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAFAYETTE FAMILY YMCA RENT
Revenue
$1,112,818
Organization Details
Founding Year
2017
Phone
(765) 474-3448Principal Officer
Mike Stapleton
Main Address
3001 S CREASY LANE, LAFAYETTE, IN, 47905
NTEE Category
Code: O21 - Youth development
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