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← STANLY COUNTY FAMILY YMCA FOUNDATION

Form 990 for tax year 2023

Filed by STANLY COUNTY FAMILY YMCA FOUNDATION.

Totals

Total revenue
$44,931
Total expenses
$100,647
Contributions and grants received
$789
Grants paid
$95,000
Program service revenue
$0
Investment income
$44,142
Other revenue
$0
Total assets, end of year
$2,577,680
Total liabilities, end of year
$3,500
Net assets or fund balances, end of year
$2,574,180
Program services expenses (Part IX)
$95,000
Management and general expenses
$5,647
Fundraising expenses
$0
Program service expenses (Part III)
$95,000

Program services were 94.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $789

  • 3 · Investment income

    total $58,335 · excluded $58,335

  • 7a · Gross sales of assets other than inventory

    securities $566,976

  • 7b · Less cost or other basis and sales expenses

    securities $581,169

  • 7c · Gain or loss

    securities -$14,193

  • 7d · Net gain or loss

    total -$14,193 · excluded -$14,193

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $95,000 · program services $95,000

  • 11c · Fees: accounting

    total $4,150 · management and general $4,150

  • 23 · Insurance

    total $1,497 · management and general $1,497

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,030 · end of year $35,873

  • 11 · Investments: publicly traded securities

    beginning of year $2,380,050 · end of year $2,541,807

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,001 · end of year $3,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,280,020 · end of year $2,469,437

  • 28 · Net assets with donor restrictions

    beginning of year $110,059 · end of year $104,743

Mission and programs · 2023

Mission

THE FOUNDATION SERVES AS A CATALYST TO IMPROVE CAPACITY AND QUALITY OF PROGRAMS, SERVICES AND FACILITIES AT THE STANLY COUNTY FAMILY YMCA. IT WILL SUPPORT CURRENT YMCA INITIATIVES AND CREATE A LEGACY TO ENSURE THAT THE YMCA WILL CONTINUE ITS MISSION TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE.

  • EDUCATION OF AND PROMOTION OF PHILANTHROPIC GIVING TO GROW THE CORPUS OF THE FOUNDATION THROUGH A BASE OF BOARD APPROVED VOLUNTEER REPRESENTATIVES SERVING AS THE DEVELOPMENT ARM OF THE ORGANIZATION.

    Expenses $95,000 · Grants $95,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Cynthia Beane

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Randy Mauldin

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John M Lowder

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Todd Swaringen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
20 November 2024
IRS schema version
2023v5.1
Source object
202403259349301105

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