Norfolk Area Ymca Endowment
- Assets
- $2.3m
- Revenue
- $181.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, NE
- Founding
- 01/2015
- Data as of
- 12/2021
- EIN
- 46-5709553
Organization Overview
Norfolk Area Ymca Endowment is located in Norfolk, NE. The organization was established in 2015. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, 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. Norfolk Area YMCA Endowment 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, Norfolk Area YMCA Endowment generated $181.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $76.4k 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
TO BUILD LONG-RANGE FINANCIAL STABILITY WHILE INVESTING IN TOMORROW'S FUTURE, TODAY WHILE SERVING FUTURE GENERATIONS OF YOUNG PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NORFOLK AREA YMCA ENDOWMENT'S PRIMARY PROGRAM IS THE NORFOLK FAMILY YMCA HERITAGE CLUB. THE HERITAGE CLUB IS A PROGRAM DEVELOPED TO BUILD LONG-RANGE FINANCIAL STABILITY FOR THE YMCA WHILE INVESTING IN TOMORROW'S FUTURE, TODAY. THE YMCA HERITAGE CLUB PROMOTES SERVING FUTURE GENERATIONS OF YOUNG PEOPLE. DONORS HELP THE YMCA REMAIN FINANCIALLY SECURE AND ALLOW THE YMCA TO CONTINUE TO OFFER NEW PROGRAMS TO MEET THE COMMUNITY NEEDS. THE HERITAGE CLUB HELPS THE YMCA MAINTAIN OVER A 100 YEAR COMMITMENT OF IMPACTING NORFOLK AND THE SURROUNDING COMMUNITIES. THE HERITAGE CLUB HELPS SUSTAIN THE FUTURE OF THE YMCA AND HELPS TO KEEP MEMBERSHIPS AFFORDABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Dudley President | OfficerTrustee | $0 | |
Jared Faltys Treasurer/se | OfficerTrustee | $0 | |
Randy Hagedorn Director | Trustee | $0 | |
Rich Moore Director | Trustee | $0 | |
Justin Moore Director | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $48,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $133,724 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $181,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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 | $16,358 |
| 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 | $76,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $2,318,731 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,318,731 |
| 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 | $0 |
| 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 | $2,318,731 |
| Total liabilities and net assets/fund balances | $2,318,731 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Norfolk Area Ymca Endowment has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Faith Regional Health Services Norfolk, NE PURPOSE: ANNUAL GIVING/CAPITAL CAMPAIGN | $105,000 |
Endowment Analysis
| Beg. Balance | $2,041,223 |
| Earnings | $353,866 |
| Admin Expense | $16,358 |
| Grants | $60,000 |
| Ending Balance | $2,318,731 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lakemary Center Endowment Association Paola, KS | $0 | $1,896,791 |
Friends Of Flance Center St Louis, MO | $0 | $160,628 |
Catholic Charities Foundation St Louis, MO | $17,905,767 | $7,836,283 |
Lutheran Senior Services Endowment Fund St Louis, MO | $77,808,847 | $9,810,393 |
Tca Building Corporation Colorado Springs, CO | $64,831,208 | $10,203,018 |
Jewish Community Campus Of Greater Kansas City Inc Overland Park, KS | $32,789,655 | $9,864,983 |
Cedars Home For Children Foundation Inc Lincoln, NE | $40,209,739 | $4,351,634 |
Mtf Fund Overland Park, KS | $5,733,972 | $4,143,067 |
Community Y Endowment Foundation Muscatine, IA | $0 | $293,511 |
Alliance Against Assault And Abuse Kansas City, MO | $0 | $0 |
The Baptist Home Foundation Ironton, MO | $27,495,486 | $826,591 |
Tanager Place Endowment Foundation Cedar Rapids, IA | $20,247,180 | $1,974,530 |