Montgomery Ymca Endowment Foundation
- Assets
- $5.7m
- Revenue
- $314.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Montgomery, AL
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 51-0194498
Organization Overview
Montgomery Ymca Endowment Foundation is located in Montgomery, AL. The organization was established in 1976. 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. Montgomery YMCA Endowment 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, Montgomery YMCA Endowment Foundation generated $314.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $300.8k during the year ending 12/2021. While expenses have increased by 0.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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 FOUNDATION WAS FORMED TO HOLD AND MANAGE ENDOWMENT CONTRIBUTIONS FOR THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF MONTGOMERY, ALABAMA. THE MONTGOMERY YMCA IS AN ALABAMA CORPORATION EXEMPT FROM FEDERAL TAXATION. THE MONTGOMERY YMCA STRIVES TO DEVELOP CHRISTIAN VALUES AND IMPROVE THE QUALITY OF LIFE IN THE MONTGOMERY AREA BY INVOLVING INDIVIDUALS AND FAMILIES IN PROGRAMS THAT DEVELOP SPIRIT, MIND, AND BODY. THE MONTGOMERY YMCA'S ACTIVITIES INCLUDE SERVICES TO BUILD CHARACTER, MAKE A DIFFERENCE AND CHANGE LIVES BY ENCOURAGING HEALTHY LIFESTYLES, DISEASE PREVENTION, BUILDING SELF-ESTEEM, DEVELOPING A SENSE OF BELONGING AND COMMUNITY PRIDE, YOUTH SPORTS, AQUATICS PROGRAMS, SWIM LESSONS, AFTERSCHOOL PROGRAMS, TEEN LEADERSHIP, ADULT SPORTS AND SENIOR HEALTH PROGRAMS. THE MONTGOMERY YMCA SERVES PEOPLE OF ALL AGES, RELIGIONS, RACE AND ECONOMIC BACKGROUNDS IN THE ALABAMA COUNTIES OF MONTGOMERY, ELMORE, MACON, PIKE, AND BUTLER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTING THE WELFARE OF THE YMCA OF MONTGOMERY, ALABAMA AND ENCOURAGING THE MAKING OF GIFTS AND DONATIONS FOR THE BENEFIT OF THE YMCA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Will Sellers President | OfficerTrustee | $0 | |
Sim Sippial Vice Preside | OfficerTrustee | $0 | |
Jimmy Walter Treasurer | OfficerTrustee | $0 | |
Gary A Cobbs Secretary/ce | Officer | $0 | |
Mary Beth Higgins CFO | Officer | $0 | |
James Anderson Trustee | 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 | $8,288 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,288 |
| Total Program Service Revenue | $0 |
| Investment income | $306,631 |
| 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 | $314,919 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $258,000 |
| 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 | $3,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,764 |
| Fees for services: Other | $621 |
| 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 | $10,066 |
| All other expenses | $14,378 |
| Total functional expenses | $300,829 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,893 |
| 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 | $262,329 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $5,012,416 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $405,198 |
| Total assets | $5,743,836 |
| Accounts payable and accrued expenses | $9,294 |
| 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 | $9,294 |
| Net assets without donor restrictions | $5,659,982 |
| Net assets with donor restrictions | $74,560 |
| 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 | $5,743,836 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Montgomery Ymca Endowment Foundation has recieved totaling $650.
| Awarding Organization | Amount |
|---|---|
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $400 |
Crum Family Charitable Foundation Montgomery, AL PURPOSE: UNRESTRICTED | $250 |