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Nonprofiteer
← MONTGOMERY YMCA ENDOWMENT FOUNDATION

Form 990 for tax year 2022

Filed by MONTGOMERY YMCA ENDOWMENT FOUNDATION.

Totals

Total revenue
$119,921
Total expenses
$283,248
Contributions and grants received
$6,596
Grants paid
$258,000
Program service revenue
$0
Investment income
$32,072
Other revenue
$81,253
Total assets, end of year
$4,869,256
Total liabilities, end of year
$1,395
Net assets or fund balances, end of year
$4,867,861
Program services expenses (Part IX)
$279,102
Management and general expenses
$4,146
Fundraising expenses
$0
Program service expenses (Part III)
$279,102

Program services were 98.5% 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

    $6,596

  • 3 · Investment income

    total $94,815 · related or exempt $94,815

  • 7a · Gross sales of assets other than inventory

    securities $1,614,655

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

    securities $1,677,398

  • 7c · Gain or loss

    securities -$62,743

  • 7d · Net gain or loss

    total -$62,743 · related or exempt -$62,743

  • 11a · Other revenue: INCREASE IN CSV LIFE INS

    total $81,253 · related or exempt $81,253

  • 11e · Other revenue, total

    $81,253

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $258,000 · program services $258,000

  • 11c · Fees: accounting

    total $3,000 · management and general $3,000

  • 11f · Fees: investment management

    total $14,050 · program services $14,050

  • 23 · Insurance

    total $7,052 · program services $7,052

  • 24a · Other expenses: OTHER EXPENSES

    total $1,146 · management and general $1,146

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,893 · end of year $95,685

  • 7 · Other notes and loans receivable

    beginning of year $262,329 · end of year $179,116

  • 11 · Investments: publicly traded securities

    beginning of year $5,012,416 · end of year $4,177,219

  • 15 · Other assets

    beginning of year $405,198 · end of year $417,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,294 · end of year $1,395

  • 27 · Net assets without donor restrictions

    beginning of year $5,659,982 · end of year $4,793,301

  • 28 · Net assets with donor restrictions

    beginning of year $74,560 · end of year $74,560

Mission and programs · 2022

Mission

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.

  • PROMOTING THE WELFARE OF THE YMCA OF MONTGOMERY, ALABAMA AND ENCOURAGING THE MAKING OF GIFTS AND DONATIONS FOR THE BENEFIT OF THE YMCA.

    Expenses $279,102 · Grants $258,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gary A Cobbs

    SECRETARY/CE

    Total calculated
    $324,320
    From this org
    $0
    From related orgs
    $289,595
    Other
    $34,725

    Schedule J breakdown matched by us

    Base
    not reported + $234,922 related
    Bonus
    not reported + $54,673 related
    Other
    not reported
    Deferred
    not reported + $34,725 related
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $324,320 related

  • Mary Beth Higgins

    CFO

    Total calculated
    $139,499
    From this org
    $0
    From related orgs
    $123,997
    Other
    $15,502

  • Ed Crowell

    TRUSTEE

    Total calculated
    $0

  • Laura Crum

    TRUSTEE

    Total calculated
    $0

  • Liston Eddins

    TRUSTEE

    Total calculated
    $0

  • Steve Humphrey

    TRUSTEE

    Total calculated
    $0

  • Billy Livings

    TRUSTEE

    Total calculated
    $0

  • Robert Scarbrough

    TRUSTEE

    Total calculated
    $0

  • Will Sellers

    TRUSTEE

    Total calculated
    $0

  • Sim Sippial

    PRESIDENT

    Total calculated
    $0

  • Ken Upchurch

    VICE CHAIRMA

    Total calculated
    $0

  • Jimmy Walter

    TREASURER

    Total calculated
    $0

  • Philip Young

    TRUSTEE

    Total calculated
    $0

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • YMCA

    $258,000

    PROGRAM SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202312639349300916

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