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Montgomery YMCA Endowment Foundation FY2022 filing

Tax-deductible

Montgomery, AL501(c)(3)Human ServicesEIN 51-0194498Revenue $120K in FY2022

On file with the IRSPo Box 2336, 36102-2336 · Montgomery, ALTax-exempt since Sep 1976Supporting organization — 509(a)(3)

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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.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $17K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $7K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1K
0.03% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 12 voting members
Looks good: 11 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$120K
-62% vs prior year
Spent
$283K
To programs
99%
Net assets
$4.9M
By yearFY2020–FY2024
Revenue
$120K
FY2022▼ -62%
Tap a bar for its year
Revenue by fiscal year
FY2020$179K
FY2021$315K
FY2022$120K
FY2023$312K
FY2024$464K
Expenses
$283K
FY2022▼ -6%
Tap a bar for its year
Expenses by fiscal year
FY2020$282K
FY2021$301K
FY2022$283K
FY2023$302K
FY2024$309K
Net assets
$4.9M
FY2022▼ -15%
Tap a bar for its year
Net assets by fiscal year
FY2020$5.4M
FY2021$5.7M
FY2022$4.9M
FY2023$5.3M
FY2024$5.6M

From the FY2022 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1976.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $279K Management & general 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Gary a Cobbs
Secretary/Ce
$0Pt VII · Sec A
$0Pt VII · Sec A
Ed Crowell
Trustee
$0Pt VII · Sec A
Laura Crum
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Montgomery YMCA Endowment Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages endowments for the Montgomery YMCA, supporting programs that develop spirit, mind, and body.

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Provided by the organization

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1 program · $279K · in their own filed words · FY2022
01

Promoting the welfare of the ymca of montgomery, alabama and encouraging the making of gifts and donations for the benefit of the ymca.

$279Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Max Credit UnionFY2024$7K
Total grants receivedfrom 1 funder$7K
Grants paid · 5 grants · $1.3M · 2020–2024
YMCAAL · FY2024$282,000
YMCAAL · FY2023$275,500
YMCAAL · FY2022$258,000
YMCAAL · FY2021$258,000
YMCAAL · FY2020$258,000

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$120K
Ln 12
Other incomeLn 4–11$81K
Investment incomeLn 3$32K
Gifts and grantsLn 1h$7K
Money outPt IX
$283K
Ln 25
Programscol B$279K
Managementcol C$4K
Owns and owesPt X
$4.9M
net assets · Ln 32
Cash and savingsLn 1–2$96K
Total assetsLn 16$4.9M
LiabilitiesLn 26$1K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Investment incomeLn 3$32K
Other incomeLn 4–11$81K
Gains on assetsLn 7−$63K
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$96K
Cash and savings togetherLn 1–2$96K
InvestmentsLn 11–13$4.2M
Other assetsLn 15$417K
Total assetsLn 16$4.9M
LiabilitiesLn 26$1K
Net assetsLn 32$4.9M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$64K$96K
InvestmentsLn 11–13$5.0M$4.2M
Total assetsLn 16$5.7M$4.9M
LiabilitiesLn 26$9K$1K
Net assetsLn 32$5.7M$4.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$258K$258K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$14K$14K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$283K$279K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $464K$309K$155K$5.6M 990 PDF
FY2023 $312K$302K$11K$5.3M 990 PDF
FY2022 Viewing $120K$283K−$163K$4.9M 990 PDF
FY2021 $315K$301K$14K$5.7M 990 PDF
FY2020 $179K$282K−$103K$5.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $119,921 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,288$6,596
I-9 Program service revenue$0
I-10 Investment incomePrior year $306,631$32,072
I-11 Other revenue$81,253
I-12 Total revenuePrior year $314,919$119,921
I-13 Grants and similar amounts paidPrior year $258,000$258,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,829$25,248
I-18 Total expensesPrior year $300,829$283,248
I-19 Revenue less expensesPrior year $14,090−$163,327
Part VI · Governance 11 of 12 board members independent, 4 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $119,921 across 6 lines filed
VIII-1f All other contributions, gifts and grants$6,596
VIII-1h Total contributions, gifts and grants$6,596
VIII-3 Investment incomeRelated to mission $94,815$94,815
VIII-7 Net gain or loss on sales of assetsRelated to mission −$62,743−$62,743
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $81,253$81,253
VIII-12 Total revenueRelated to mission $113,325$119,921
Part IX · Statement of functional expenses $283,248 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $258,000$258,000
IX-11c Accounting feesManagement $3,000$3,000
IX-11f Investment management feesPrograms $14,050$14,050
IX-23 InsurancePrograms $7,052$7,052
IX-24 Other expenses (24a–d)Management $1,146$1,146
IX-25 Total functional expensesPrograms $279,102 · Management $4,146 · Fundraising $0$283,248
Part X · Balance sheet $4,869,256 assets, 10 lines filed
Asset lines not itemized here account for $179,116; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $63,893$95,685
X-11 Publicly traded securitiesStart of year $5,012,416$4,177,219
X-15 Other assetsStart of year $405,198$417,236
X-16 Total assetsStart of year $5,743,836$4,869,256
X-17 Accounts payable and accrued expensesStart of year $9,294$1,395
X-26 Total liabilitiesStart of year $9,294$1,395
X-27 Net assets without donor restrictionsStart of year $5,659,982$4,793,301
X-28 Net assets with donor restrictionsStart of year $74,560$74,560
X-32 Total net assets or fund balancesStart of year $5,734,542$4,867,861
X-33 Total liabilities and net assetsStart of year $5,743,836$4,869,256
Part XI · Reconciliation of net assets $4,867,861 net assets at year end
XI-1 Total revenue$119,921
XI-2 Total expenses$283,248
XI-3 Revenue less expenses−$163,327
XI-4 Net assets at start of year$5,734,542
XI-5 Net unrealized gains (losses) on investments−$703,354
XI-10 Net assets at end of year$4,867,861

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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