Overview
What is Lynn Y Support Inc?
Lynn Y Support Inc is a nonprofit organization, established in 2017 by the Young Men's Christian Association of Metropolitan North, Inc., with a mission to support their initiatives and address community needs in the Lynn area. The organization is involved in a project to rehabilitate, construct, and expand the YMCA in Lynn, Massachusetts. The project includes building a 70,000 square foot facility equipped with a health and wellness center, family adventure and child watch center, family aquatics center, gymnasium, indoor track, commercial kitchen, licensed pre-school early learning center, technology lab, locker rooms, and significant community meeting space. The main objective of Lynn Y Support Inc is to contribute to the betterment of the Lynn community by developing and operating projects that cater to its needs.
Is Lynn Y Support Inc legitimate?
Lynn Y Support Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lynn Y Support 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
What is the mission statement of Lynn Y Support Inc?
Lynn Y Support Inc was established in 2017 as part of a financing structure under the Federal New Market Tax Credit Program. Its primary objective is to support the Young Men's Christian Association of Metro North, Inc., and to develop, initiate, and operate projects that align with the community needs in a broader area. One of its major projects is the Demakes Family YMCA, which involves constructing a new 70,000 square foot facility adjacent to the existing Lynn YMCA. This new facility will house a health and wellness center, a family adventure and child watch center, a family aquatics center, a gymnasium, an indoor track, a commercial kitchen, a licensed pre-school early learning center, a technology lab, locker rooms, and significant community meeting space. The Demakes Family YMCA aims to provide more comprehensive programs to address critical educational, health, community, and safety issues. Overall, Lynn Y Support Inc's mission is to contribute to the development and improvement of community facilities and programs, in line with the needs of the broader area.
What is the revenue of Lynn Y Support Inc?
Lynn Y Support Inc's revenue in 2024 was $713,333.
Who are the executives of Lynn Y Support Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,307
- Other: $277
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $340,099
- Other: $42,157
- Compensation: $0
- Related: $195,140
- Other: $34,332
Where can I find the form 990 for Lynn Y Support Inc?
Lynn Y Support Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Lynn Y Support Inc
Lynn Y Support Inc, established in 2017, serves a crucial role in supporting the Young Men's Christian Association of Metro North, Inc. and addressing community needs in the greater Lynn area. The organization's mission is twofold. Firstly, it focuses on rehabilitating, constructing, and expanding the YMCA located in Lynn, MA. This endeavor involves developing and constructing a new 70,000 square foot building adjacent to the existing YMCA, which will include facilities such as a health and wellness center, a family adventure and child watch center, a family aquatics center, a gymnasium, an indoor track, a commercial kitchen, a licensed pre-school early learning center, a technology lab, locker rooms, and substantial community meeting space.
Secondly, Lynn Y Support Inc is dedicated to developing, initiating, and operating projects that align with the community's needs in the greater Lynn area. This mission extends beyond the physical expansion of the YMCA. By supporting the Young Men's Christian Association of Metro North, Inc., Lynn Y Support Inc aims to contribute to the betterment of the local community, addressing critical educational, health, community, and safety issues through more comprehensive programs. The organization's commitment to community development and support makes it an invaluable asset to the greater Lynn area.
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
October, 2024
Lynn Y Support Inc has significantly impacted the Greater Lynn area through the development of the Demakes Family YMCA project, a transformative initiative that enhances community infrastructure and wellbeing. By constructing a 70,000-square-foot facility adjacent to the existing Lynn YMCA, it provides a center for health and wellness, adventure, and education.
The new YMCA will offer a comprehensive array of facilities, including a health and wellness center, aquatics center, gymnasium, indoor track, licensed preschool, and community meeting spaces. This extensive range of amenities allows for the expansion of programs addressing crucial needs in education, health, community engagement, and safety, thereby fostering a stronger, healthier community.
Additionally, the initiative is rooted in collaboration with the YMCA of Metro North, ensuring that the projects undertaken align with the specific needs of local residents. The focus on rehabilitation and expansion not only modernizes facilities but also supports the region's socio-economic development, making it a catalyst for community improvement in Lynn, MA.
This information is meant to be a general summary of Lynn Y Support 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 2024.
- Investment Income: $115
- Gross Receipts: $713,333
Assets and Liabilities:
- Total Assets: $27,510,332
- Total Liabilities: $26,855,880
- Net Assets: $654,452
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2017
Principal Officer
Kathleen Walsh
NTEE Category
Code: S30 - Community improvement
If you are a representative of Lynn Y Support 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.