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BBB Reliability Report for

Cannon Memorial Young Men's Christian Association


This BBB Accredited Charity meets all 20 Standards for Charity Accountability.
BBB issues Charity Reports on all organizations, whether or not they are BBB accredited. If an organization is a BBB Accredited Charity, it is stated in this report.
Name: Cannon Memorial Young Men's Christian Association
Phone: (704) 939-9622
Fax: (704) 933-7500
Address: 101 YMCA Dr.
Kannapolis, NC 28081
Website: http://www.cannonymca.org/
www.ymcacab.org
Report Creation Date: October 16, 2013
Report Expiration Date: October 16, 2015
Principal: Mr. Ronald Davis, President & CEO
Customer Contact: Mr. Ronald Davis, President & CEO - (704) 939-9622 or
Entity: Corporation
Incorporated: January 1984, NC
File Open Date: September 2007
Type of Business: Charity - Local

Additional DBA Names

Cannon Memorial YMCA

Stated Purpose

Cannon Memorial YMCA's mission is to put Christian principles into practice through programs that build healthy spirit, mind, and body for all.


Evaluation Conclusions

This organization has been evaluated according to the 20 BBB Standards for Charity Accountability. This organization meets all those Standards and is a BBB Accredited Charity.


Programs

Total Program Expenses:$4,544,719

Governance

Chief Executive Officer:Ronald Davis, President & CEO
Board Size:18
Paid Staff Size:422 Full Time.

Fund Raising

Method(s) Used:Cannon Memorial YMCA's fundraising methods include direct and indirect public support, government contributions, and grants.


Tax Status

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.


Financial

According to Cannon Memorial Young Men's Christian Association's IRS 990 for the year ended December 31, 2012:

Income
 Total Income:$5,296,294
 
Expenses  % of total
Expenses
% of total
Income
 Programs:$4,544,719 80.83%85.81%
 Fund Raising:$129,331 2.30%2.44%
 Administrative:$948,175 16.86%17.90%
 Other:$0 0.00%0.00%
 Total Expenses:$5,622,225
 
* Excess of Expenses over Income$325,931
Ending Net Assets:$9,843,620
Total Assets$17,577,694
Total Liabilities$7,734,074

* Excess for the year indicates the portion of income remaining after expenses.


Additional Contact Information

Additional Addresses
P.O. Box 46
Kannapolis, NC  28082-0046


ID: 171475
Report as of May 22, 2015 05:41
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BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

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