Ymca Youth Foundation Of The Central Atlantic Area
- Assets
- $1.6m
- Revenue
- $85.5k
- Investments
- $1.6m
- Employees
- 0
- Location
- Asbury Park, NJ
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-2599330
Organization Overview
Ymca Youth Foundation Of The Central Atlantic Area is located in Asbury Park, NJ. The organization was established in 2015. According to its NTEE Classification (O12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Youth Foundation Of The Central Atlantic Area 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, YMCA Youth Foundation Of The Central Atlantic Area generated $85.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (29.5%) each year. All expenses for the organization totaled $137.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, YMCA Youth Foundation Of The Central Atlantic Area has awarded 25 individual grants totaling $361,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
WE PROVIDE GRANTS SUPPORTING YOUTH CITIZENSHIP AND CIVIC ENGAGEMENT PROGRAMS OF THE YMCA INCLUDING THE YOUTH AND GOVERNMENT PROGRAMS IN NJ, PA, MD, DE AND THE DISTRICT OF COLUMBIA AS WELL AS THE YMCA MODEL UNITED NATIONS PROGRAM THAT SERVES YOUTH IN THESE STATES AND DISTRICT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDE GRANTS SUPPORTING YOUTH CITIZENSHIP AND CIVIC ENGAGEMENT PROGRAMS OF THE YMCA INCLUDING THE YOUTH AND GOVERNMENT PROGRAMS IN NEW JERSEY, PENNSYLVANIA, MARYLAND, DELAWARE AND THE DISTRICT OF COLUMBIA AS WELL AS THE YMCA MODEL UNITED NATIONS PROGRAM THAT SERVES YOUTH IN THESE STATES AND DISTRICT.GRANTS ARE USED TO PROVIDE SCHOLARSHIPS TO STUDENTS WHO MIGHT NOT OTHERWISE BE ABLE TO ATTEND THESE PROGRAMS AND ALSO TO ASSIST IN EXPANDING THE EXISTING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason L Reimer Vice President | 0 | $0 | |
Nancy Donnelly Secretary | 0 | $0 | |
Richard Zink Board | 0 | $0 | |
Christopher A Padilla Board | 0 | $0 | |
William Howland Board | 0 | $0 | |
Kurt Kaboth Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,112 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $50,235 |
| Capital Gain Net Income | $50,235 |
| Net ST Capital Gain | $50,235 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $85,480 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $322 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,325 |
| Total operating and administrative expenses | $17,147 |
| Contributions, gifts, grants paid | $120,000 |
| Total expenses and disbursements | $137,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,500 |
| Savings and temporary cash investments | $27,497 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,608,193 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ymca Youth Foundation Of The Central Atlantic Area has awarded $120,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
YMCA OF METROPOLITAN WASHINGTON DC PURPOSE: EDUCATION | $37,500 |
Harrisburg, PA PURPOSE: EDUCATION | $27,000 |
YMCA OF DELAWARE PURPOSE: EDUCATION | $22,500 |
PHILADELPHIA FREEDOM VALLEY YMCA PURPOSE: EDUCATION | $17,500 |
YMCA OF CENTRAL MARYLAND PURPOSE: EDUCATION | $15,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ymca Youth Foundation Of The Central Atlantic Area has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Summer Camp Opportunities Promote Education Inc Astoria, NY | $2,178,412 | $1,193,095 |
Youth Foundation Inc New York, NY | $10,787,193 | $1,768,490 |
Children And Screens-Institute Of Digital Media And Child Developmen Jericho, NY | $4,602,497 | $2,120,604 |
Buffalo Sabres Foundation Buffalo, NY | $633,341 | $899,798 |
Joseph Tse Foundation A New Jersey Nonprofit Corporation Glen Rock, NJ | $3,861,723 | $4,134,009 |
Hm Sarij Family Foundation Inc Deer Park, NY | $3,225,960 | $1,832,873 |
Hugh Obrian Youth Leadership Latham, NY | $134,625 | $0 |
Kids Club Of Tarrytown & Sleepy Hollow Inc Tarrytown, NY | $204,713 | $0 |
Friends Of Hudson Youth Inc Hudson, NY | $157,295 | $198,282 |
Ymca Youth Foundation Of The Central Atlantic Area Asbury Park, NJ | $1,608,193 | $85,480 |
Young Womens College Prep Foundation Inc Rochester, NY | $46,616 | $0 |
Creative Waves Foundation New York, NY | $31,572 | $0 |