Ymca Of Metropolitan Fort Worth Endowment Inc
- Assets
- $17.4m
- Revenue
- $3.9m
- Investments
- $160.2k
- Employees
- 0
- Location
- Fort Worth, TX
- Founding
- 06/2000
- Data as of
- 12/2021
- EIN
- 75-2849033
Organization Overview
Ymca Of Metropolitan Fort Worth Endowment Inc is located in Fort Worth, TX. The organization was established in 2000. 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. YMCA Of Metropolitan Fort Worth Endowment 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, YMCA Of Metropolitan Fort Worth Endowment Inc generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $11.0k 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
THE ORGANIZATION WAS ESTABLISHED TO HOLD AND MANAGE ASSETS TO BE USED FOR THE SUPPORT OF THE YMCA OF METROPOLITAN FORT WORTH, SUBJECT TO THE RESTRICTIONS AND OBLIGATIONS ASSOCIATED WITH THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDS WERE FORWARDED TO THE YMCA OF METROPOLITAN FORT WORTH TO PROVIDE SCHOLARSHIPS TO LOW INCOME YOUTH ENROLLED IN PROGRAMS AND MAKE DISTRIBUTIONS TO THE YMCA TO UTILIZE FOR MAJOR MAINTENANCE PROJECTS, SUCH AS ROOF REPLACEMENTS, HVAC REPLACEMENTS AND OTHER MAJOR FACILITY REPAIRS AND REPLACEMENTS. THE MAINTENANCE FUNDS WERE INTENDED TO PROMOTE THE STABILITY OF THE YMCA OF METROPOLITAN FORT WORTH AND ITS FACILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,430,700 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,435,700 |
| Total Program Service Revenue | $0 |
| Investment income | $108,747 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $397,385 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,909,520 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,851,352 |
| 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 | $0 |
| Fees for services: Accounting | $5,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,000 |
| 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 | $11,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,190,226 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,000 |
| Accounts receivable, net | -$352,951 |
| 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 | $14,199,144 |
| Investments—other securities | $160,179 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,236,916 |
| Total assets | $17,435,514 |
| 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 | $14,288,703 |
| Net assets with donor restrictions | $3,146,811 |
| 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 | $17,435,514 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ymca Of Metropolitan Fort Worth Endowment Inc has recieved totaling $39,729.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $39,729 |
Endowment Analysis
| Beg. Balance | $12,718,032 |
| Earnings | $3,292,782 |
| Admin Expense | $11,000 |
| Net Contributions | $5,000 |
| Grants | -$1,430,700 |
| Ending Balance | $17,435,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Young Mens Christian Association Of The Capital Area Baton Rouge, LA | $38,948,920 | $11,986,703 |
Young Womens Christian Association Of Lubbock Texas Inc Lubbock, TX | $28,879,413 | $11,388,138 |
The Wellspring Alliance For Families Inc Monroe, LA | $5,920,096 | $8,292,532 |
Arlington-Mansfield Area Young Mens Christian Association Mansfield, TX | $11,403,245 | $5,161,274 |
Young Mens Christian Association Midland, TX | $17,684,853 | $8,272,971 |
Ywca Of Greater Baton Rouge Baton Rouge, LA | $3,021,749 | $5,884,408 |
Women In Need Of Generous Support Dallas, TX | $1,533,569 | $4,127,813 |
Young Womens Christian Association Of Oklahoma City Oklahoma City, OK | $19,872,120 | $6,186,657 |
Young Mens Christian Association Of Wichita Falls Wichita Falls, TX | $25,661,338 | $4,866,451 |
Ymca Of Northwest Louisiana Shreveport, LA | $24,742,874 | $10,794,789 |
Young Mens Christian Association Of New Orleans Metropolitan Metairie, LA | $15,558,160 | $5,811,552 |
Young Womens Christian Association Tulsa, OK | $7,749,640 | $3,920,755 |