Overview
What is Santa Monica Ymca Endowment Fund?
The Santa Monica YMCA Endowment Fund is a charitable initiative, established to support the Santa Monica Family YMCA's mission to better serve their community. The endowment fund, overseen by trustees, utilizes the income from permanently restricted net assets to aid the YMCA in its 501(c)(3) charitable activities. The primary goal of this fund is to empower the YMCA to proactively and promptly respond to the community's evolving needs by exploring and expanding programs. Contributions can be made through direct gifts or planned giving vehicles, aiming to bolster the YMCA's capacity to address the changing needs of its community.
Is Santa Monica Ymca Endowment Fund legitimate?
Santa Monica Ymca Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Santa Monica Ymca Endowment Fund 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:
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What is the mission statement of Santa Monica Ymca Endowment Fund?
The Santa Monica YMCA Endowment Fund's mission is to empower the local YMCA to proactively and promptly respond to the evolving needs of the community. This is achieved by providing funds that enable the exploration and expansion of programs. Contributions to the endowment fund can be made through direct gifts or planned giving vehicles. The trustees have the discretion to contribute only the income from permanently restricted net assets to support the YMCA's 501(c)(3) exempt purposes.
Who is the CEO of Santa Monica Ymca Endowment Fund?
Hodge Patterson is the Chairman of Santa Monica Ymca Endowment Fund.
What is the revenue of Santa Monica Ymca Endowment Fund?
Santa Monica Ymca Endowment Fund's revenue in 2022 was $447,356.
Who are the executives of Santa Monica Ymca Endowment Fund and what are their salaries?
There 8 volunteers at Santa Monica Ymca Endowment Fund.
Here are 10 key members and their salaries:
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- Related: $187,224
- Other: $26,921
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Where can I find the form 990 for Santa Monica Ymca Endowment Fund?
Santa Monica Ymca Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Santa Monica Ymca Endowment Fund
The Santa Monica YMCA Endowment Fund, in its mission, aims to empower the Santa Monica Family YMCA by enabling it to respond proactively and promptly to the evolving needs of the community. This is achieved by making funds available for exploring and expanding programs. By giving to the Endowment Fund, individuals can contribute either directly or through planned giving vehicles.
The trustees of the Endowment Fund have the authority to contribute the income from permanently restricted net assets to the Santa Monica Family YMCA, supporting its 501(c)(3) exempt purpose. In essence, the Endowment Fund serves as a financial resource, allowing the Santa Monica Family YMCA to adapt and grow in response to the changing needs of the community. This proactive approach to community welfare is a testament to the Endowment Fund's commitment to strengthening and uplifting the community through the work of the Santa Monica Family YMCA.
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Impact
October, 2024
The Santa Monica YMCA Endowment Fund plays a pivotal role in enhancing the community's well-being by ensuring that the Santa Monica Family YMCA has the necessary resources to adapt to the evolving needs of its patrons. By contributing income from its permanently restricted net assets, the fund empowers the YMCA to maintain and expand its programs, thus fostering health, wellness, and social connection among families.
The endowment enables the YMCA to respond proactively to challenges and opportunities within the community, facilitating the development of new initiatives that address current issues. This forward-thinking approach to resource allocation not only strengthens the existing services but also promotes innovation, ensuring that the YMCA remains a vital part of Santa Monica's community fabric.
Moreover, the fund allows for greater financial stability, which is crucial for long-term planning and growth. Through direct and planned giving, supporters can contribute to a sustainable future, ensuring that the YMCA continues to provide invaluable human services that benefit individuals and families for years to come.
This information is meant to be a general summary of Santa Monica Ymca Endowment Fund. 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: $447,356
- Gross Receipts: $2,756,593
Assets and Liabilities:
- Total Assets: $16,752,276
- Total Liabilities: $0
- Net Assets: $16,752,276
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Organization Details
Founding Year
1982
Phone
(310) 393-2721Principal Officer
Hodge Patterson
Main Address
1332 6TH STREET, SANTA MONICA, CA, 904011434
NTEE Category
Code: P27I - Human services
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