Overview
What is Memphis Ymca Support Corporation?
Memphis YMCA Support Corporation is a nonprofit organization, established specifically to aid and support the Young Men's Christian Association of Memphis & the Mid-South. Their primary mission revolves around constructing a new YMCA facility in the Whitehaven community of Memphis. This endeavor aligns with the YMCA's broader objectives, aiming to enhance community well-being and provide essential facilities for local residents. The corporation operates from an address in Cordova, Tennessee.
Official website here: www.ymcamemphis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 23%, Zero-Star out of Four Star rating.
The Memphis YMCA Support Corporation has received a low rating of 23%, indicating significant concerns regarding its accountability and financial practices. Key weaknesses include a lack of independent board members and inadequate management of its liabilities and assets. The organization's failure to post essential documents online further diminishes transparency.
Despite some strengths, such as having a conflict of interest policy and good management of material assets, the overall governance and oversight appear to be lacking. The absence of a whistleblower policy and issues with document retention could pose risks to accountability and operational integrity.
Overall, potential donors and supporters should approach this organization with caution, considering its weak performance in critical areas of nonprofit management and governance. The significant limitations highlighted by its rating suggest a need for substantial improvements in operational practices and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis Ymca Support Corporation legitimate?
Memphis Ymca Support Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis 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
For more financial information, click here
Official website here: www.ymcamemphis.org
What is the mission statement of Memphis Ymca Support Corporation?
The Memphis YMCA Support Corporation was established with a specific purpose: to contribute to the activities and fulfill the mission of the Young Men's Christian Association of Memphis & the Mid-South. This primarily revolves around the construction of a new YMCA facility in the Whitehaven community of Memphis. The corporation's role is to support and facilitate this project, contributing to the betterment of the local community by providing a new YMCA facility.
Official website here: www.ymcamemphis.org
Who is the CEO of Memphis Ymca Support Corporation?
Terrance Grigsby is the Board Member of Memphis Ymca Support Corporation. The CEO's salary of Memphis Ymca Support Corporation is $0 and their total compensation is $311,275.
Official website here: www.ymcamemphis.org
What is the revenue of Memphis Ymca Support Corporation?
Memphis Ymca Support Corporation's revenue in 2022 was $0.
Official website here: www.ymcamemphis.org
Who are the executives of Memphis Ymca Support Corporation and what are their salaries?
Here are 5 key members and their salaries (Memphis Ymca Support Corporation's CEO's salary is $0 and their total compensation is $311,275):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $270,072
- Other: $41,203
- Compensation: $0
- Related: $214,120
- Other: $34,086
- Compensation: $0
- Related: $227,824
- Other: $32,843
Official website here: www.ymcamemphis.org
Where can I find the form 990 for Memphis Ymca Support Corporation?
Memphis Ymca Support Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ymcamemphis.org
Learn more at the official website: www.ymcamemphis.org
Mission Statement of Memphis Ymca Support Corporation
The Memphis YMCA Support Corporation was established with a singular focus and purpose: to support the Young Men's Christian Association of Memphis & the Mid-South in their endeavors, particularly in constructing a new YMCA facility within the Whitehaven community of Memphis. This organization's mission is centered around facilitating this construction project, contributing to the betterment of the community and the YMCA's continued service to its members and the wider public. The Memphis YMCA Support Corporation's role is instrumental in the construction of the Whitehaven YMCA, set to commence in 2021.
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Impact
October, 2024
Memphis YMCA Support Corporation plays a crucial role in enhancing community well-being through the development of a new YMCA facility in the Whitehaven neighborhood. By facilitating the construction of this facility, the organization provides local residents with access to vital health, fitness, and recreational resources.
This initiative fosters community engagement and social interaction, addressing needs for physical activity, youth programs, and family support services. The establishment of the Whitehaven YMCA is set to create a positive impact on the local economy by generating jobs during construction and ongoing employment once the facility opens, further contributing to community vitality. Overall, the Memphis YMCA Support Corporation serves as a catalyst for improving the quality of life in Whitehaven, promoting health and wellness while strengthening the community as a whole.
This information is meant to be a general summary of Memphis 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.
Assets and Liabilities:
- Total Assets: $14,034,868
- Total Liabilities: $13,719,466
- Net Assets: $315,402
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Organization Details
Founding Year
2020
Phone
(901) 766-7677Principal Officer
Terrance Grigsby
Main Address
7171 GOODLETT FARMS PARKWAY, CORDOVA, TN, 38016
Website
www.ymcamemphis.orgNTEE Category
Code: P19 - Human services
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