Ymi Cultural Center Inc
- Assets
- $150.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Asheville, NC
- Founding
- 10/1981
- EIN
- 58-1448997
Organization Overview
Ymi Cultural Center Inc is located in Asheville, NC. The organization was established in 1981. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ymi Cultural Center Inc 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 undefined, Ymi Cultural Center Inc generated $151.9k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $125.6k during the year ending undefined. While expenses have increased by 3.7% per year over the past 6 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
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE ECONOMIC DEVELOPMENT AND COMMUNITY EDUCATION WITHIN THE DOWNTOWN ASHEVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ECONOMIC DEVELOPOMENT AND COMMUNITY EDUCATION WITHIN THE DOWNTOWN ASHEVILLE AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique Taylor Treasurer | Trustee | 1 | $0 |
Sharon West Chairman | Trustee | 0 | $0 |
Richard Fort Vice Chairman | Trustee | 0 | $0 |
Stephanie Twitty Director | Trustee | 0 | $0 |
Agya Boakye-Boaten Director | Trustee | 0 | $0 |
Deborah Holmes Young Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $63,645 |
| Total Program Service Revenue | $19,345 |
| Membership dues | $0 |
| Investment income | $68,896 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $151,886 |
| Statement of Expenses | |
|---|---|
| Total expenses | $125,610 |
| Balance Sheet | |
|---|---|
| Total assets | $150,301 |
| Total liabilities | $350,915 |
| Net assets or fund balances | -$200,614 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Ymi Cultural Center Inc has recieved totaling $205,594.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Western North Carolina Inc Asheville, NC PURPOSE: BUILDING COMMUNITY & ECONOMIC VITALITY | $95,250 |
Wnc Bridge Foundation Asheville, NC PURPOSE: IMPACT & NOW GRANTS | $81,500 |
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $21,594 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $7,250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Community Development Corporation Inc Memphis, TN | $275,024,548 | $28,566,509 |
Csra Economic Opportunity Authority Inc Augusta, GA | $4,657,645 | $27,091,304 |
Charleston Area Convention & Visitors Bureau Charleston, SC | $17,210,458 | $29,781,081 |
Neighborhood Improvement Project Inc Augusta, GA | $12,770,161 | $24,738,698 |
Action Pact Inc Waycross, GA | $10,194,672 | $25,026,911 |
Upper East Tennessee Human Development Agency Kingsport, TN | $7,143,102 | $23,146,809 |
Hampton Roads Community Action Program Inc Newport News, VA | $4,977,691 | $24,100,051 |
Northwest Tennessee Economic Development Council Dresden, TN | $2,980,191 | $21,895,121 |
Tallatoona Community Action Partnership Inc Cartersville, GA | $2,878,907 | $21,403,724 |
Macon Bibb County Economic Opportunity Council Inc Macon, GA | $9,862,743 | $18,330,804 |
Economic Opportunity For Savannah Chatham County Area Inc Savannah, GA | $8,523,279 | $14,850,530 |
Waccamaw Economic Opportunity Council Inc Conway, SC | $5,439,118 | $14,126,176 |