Fergus Falls Ymca Foundation
- Assets
- $602.0k
- Revenue
- $34.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Fergus Falls, MN
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-3144528
Organization Overview
Fergus Falls Ymca Foundation is located in Fergus Falls, MN. The organization was established in 2009. According to its NTEE Classification (P27) the organization is classified as: Young Mens or Womens Associations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fergus Falls YMCA Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Fergus Falls YMCA Foundation generated $34.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (40.1%) each year. All expenses for the organization totaled $24.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE FERGUS FALLS YMCA FOUNDATION IS TO HELP PROVIDE A SECURE SOURCE OF FUNDING FOR THE FUTURE DEVELOPMENT OF THE FERGUS FALLS AREA FAMILY YMCA, AS WELL AS PROVIDE SOME OPERATIONAL FUNDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, THE FERGUS FALLS YMCA FOUNDATION SUPPORTED THE FERGUS FALLS AREA FAMILY YMCA BY DONATING 22,436 TOWARDS VARIOUS IMPROVEMENT PROJECTS AND THE ANNUAL GIVING CAMPAIGN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Lundeen Treasurer | OfficerTrustee | 1 | $0 |
Roger Erstad Secretary | OfficerTrustee | 1 | $0 |
Ben Underwood President | OfficerTrustee | 1 | $0 |
Rob Ronning Vice Preside | OfficerTrustee | 1 | $0 |
Steve Smith Acting Presi | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $31,027 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $31,027 |
| Total Program Service Revenue | $0 |
| Investment income | $3,041 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $22,436 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,274 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,710 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,738 |
| Savings and temporary cash investments | $163,275 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $417,945 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $601,958 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $601,958 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $601,958 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fergus Falls Ymca Foundation has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
West Central Initiative Fergus Falls, MN PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Crosse Area Family Y M C A Inc La Crosse, WI | $28,629,813 | $12,107,335 |
Missouri Valley Family Young Mens Christian Association Bismarck, ND | $23,505,758 | $13,023,690 |
Young Mens Christian Association Of Dane County Inc Madison, WI | $16,378,728 | $13,253,991 |
Rapid City Y M C A Rapid City, SD | $18,136,251 | $10,285,613 |
Young Mens Christian Association Oshkosh, WI | $34,377,249 | $9,898,548 |
The Young Mens Christian Asso Of The Chippewa Valley Inc Eau Claire, WI | $18,284,839 | $7,742,969 |
Woodson Y M C A Inc Wausau, WI | $3,265,921 | $10,892,375 |
Duluth Area Family Y M C A Duluth, MN | $21,867,355 | $9,544,208 |
Waypoint Services For Women Children And Families Cedar Rapids, IA | $13,237,865 | $8,326,073 |
Glacial Community Ymca Inc Oconomowoc, WI | $15,021,784 | $9,373,805 |
Embe Sioux Falls, SD | $8,195,427 | $7,368,188 |
Ywca Madison Inc Madison, WI | $18,467,279 | $6,627,293 |