Mid-Willamette Family Ymca Foundation Inc
- Assets
- $60.6k
- Revenue
- $25.0k
- Investments
- $42.0k
- Employees
- 0
- Location
- Albany, OR
- Founding
- 12/1960
- Data as of
- 12/2021
- EIN
- 93-1258614
Organization Overview
Mid-Willamette Family Ymca Foundation Inc is located in Albany, OR. The organization was established in 1960. 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. Mid-Willamette Family YMCA Foundation 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 12/2021, Mid-Willamette Family YMCA Foundation Inc generated $25.0k 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 (54.8%) each year. All expenses for the organization totaled $6.5m 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 PROVIDE FINANCIAL ASSISTANCE TO THE MID-WILLAMETTE FAMILY YMCA (A 501(C)(3) ORGANIZATION) LOCATED IN ALBANY, OREGON. ASISTED MID-WILLAMETTE FAMILY YMCA IN OBTAINING NEW MARKETS TAX CREDITS (NMTC). DURING THE YEAR ENDED DECEMBER 31, 2021 THE SEVEN YEAR REQUIRED NMTC TRANSACTION CONCLUDED AND WAS UNWOUND. THE UNWINDING INCLUDED FORGIVENESS OF THE NOTE RECEIVABLE OF $6,461,600, WHICH WAS RECORDED AS A LOSS AS OF DECEMBER 31, 2021.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED FINANCIAL ASSISTANCE TO THE MID-WILLAMETTE FAMILY YMCA LOCATED IN ALBANY, OREGON. ASISTED MID-WILLAMETTE FAMILY YMCA IN OBTAINING NEW MARKETS TAX CREDITS (NMTC).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Richards President | OfficerTrustee | 1 | $0 |
Buzz Wheeler Board Member | Trustee | 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 | $1,422 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,422 |
| Total Program Service Revenue | $0 |
| Investment income | $21,460 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,111 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,993 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $21,775 |
| Fees for services: Accounting | $600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $149 |
| Fees for services: Other | $6,462,350 |
| 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 | $6,487,291 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,018 |
| Savings and temporary cash investments | $12,535 |
| 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 | $0 |
| Investments—other securities | $42,026 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,579 |
| 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 | $19,933 |
| Net assets with donor restrictions | $40,646 |
| 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 | $60,579 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mid-Willamette Family Ymca Foundation Inc has recieved totaling $6,471,600.
| Awarding Organization | Amount |
|---|---|
Mid-Willamette Family Ymca Inc Albany, OR PURPOSE: AS PART OF THE NEW MARKETS TAX CREDIT FINANCING TRANSACTION, THE MID-WILLAMETTE FAMILY YMCA TRANSFERED VALUE TO MID-WILLAMETTE FAMILY YMCA FOUNDATION TO COMPLY WITH FUNDING REQUIREMENTS. | $6,471,600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ywca Golden Gate Silicon Valley San Jose, CA | $10,781,179 | $18,006,438 |
Young Mens Christian Association Of The Inland Northwest Spokane, WA | $44,101,218 | $16,778,983 |
Young Mens Christian Association Of Columbia Willamette Portland, OR | $31,535,400 | $15,910,832 |
Channel Islands Young Mens Christian Association Santa Barbara, CA | $39,418,751 | $15,688,454 |
Young Mens Christian Association Of Anaheim Anaheim, CA | $14,395,117 | $13,374,002 |
Young Womens Christian Association Of Greater Los Angeles California Los Angeles, CA | $37,921,425 | $31,293,983 |
Ywca Of San Gabriel Valley Covina, CA | $7,613,508 | $16,434,705 |
Ymca Of Southern Nevada Las Vegas, NV | $12,100,227 | $9,617,600 |
Ymca Of The East Valley Redlands, CA | $25,417,537 | $10,111,635 |
Young Mens Christian Association Of Southeast Ventura County Westlake Village, CA | $40,971,522 | $9,987,365 |
Sonoma County Family Ymca Santa Rosa, CA | $8,901,994 | $7,940,572 |
South Sound Young Mens Christian Association Olympia, WA | $29,149,654 | $10,190,686 |