Young Mens Christian Association Retirement Fund

Organization Overview

Young Mens Christian Association Retirement Fund, operating under the name YMCA Retirement Fund, is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2022, YMCA Retirement Fund employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Retirement Fund 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 06/2022, YMCA Retirement Fund generated $660.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $136.7m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, YMCA Retirement Fund has awarded 38 individual grants totaling $1,559,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PENSION AND WELFARE BENEFITS FOR YMCA EMPLOYEES. (SEE PART III OR SCHEDULE O FOR THE COMPLETE MISSION STATEMENT.)

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE YMCA RETIREMENT FUND PROVIDED MONTHLY ANNUITY PAYMENTS TO APPROXIMATELY 16,478 RETIRED YMCA EMPLOYEES WITH AN AVERAGE ANNUAL ANNUITY OF APPROXIMATELY $20,112. DURING THE FISCAL YEAR ENDED JUNE 30, 2022, THE YMCA RETIREMENT FUND PROVIDED BENEFITS (INCLUDING DEATH AND DISABILITY BENEFITS) IN EXCESS OF $75,010,000. THE FOLLOWING BUNDLED BENEFITS ARE PROVIDED TO ALL PARTICIPATING YMCA'S: RETIREMENT PLAN: A DEFINED CONTRIBUTION MONEY PURCHASE CHURCH PENSION PLAN THAT IS INTENDED TO SATISFY THE QUALIFICATION REQUIREMENTS OF SECTION 401(A) OF THE INTERNAL REVENUE CODE (CODE). TAX-DEFERRED SAVINGS PLAN: A RETIREMENT INCOME ACCOUNT PLAN AS DEFINED IN SECTION 403(B)(9) OF THE CODE. LIFE ANNUITIES TO RETIREES: THE YMCA RETIREMENT FUND PROVIDES ANNUITIES BASED UPON ACCUMULATED ACCOUNT BALANCES IN THE RETIREMENT PLAN AND TAX-DEFERRED SAVINGS PLAN TO PARTICIPANTS OF RETIREMENT AGE. DEATH AND DISABILITY BENEFITS: RETIREMENT DEATH AND DISABILITY BENEFITS ARE PROVIDED TO PARTICIPANTS OR THEIR BENEFICIARIES UPON DEATH OR PERMANENT TOTAL DISABILITY.


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee Volunteer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Element Capital Management Llc
Investment Management
$4,051,287
Basswood Capital Management
Investment Management
$7,905,992
Rgm Capital Llc
Investment Management
$1,868,814
Egerton Capital
Investment Management
$1,716,137
Alvarez & Marshal Capital
Investment Management
$1,597,340
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$264,522
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$264,522
Total Program Service Revenue$229,811,333
Investment income $19,476,719
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $410,984,055
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $660,536,629

Grants Awarded

Over the last fiscal year, Young Mens Christian Association Retirement Fund has awarded $223,300 in support to 4 organizations.

Grant RecipientAmount

ARMED SERVICES YMCA

Org PageRecipient Profile

Woodbridge, VA

PURPOSE: SUPPORT GRANT

$110,000

Chicago, IL

PURPOSE: SUPPORT GRANT

$72,800

SPRINGFIELD COLLEGE YMCA

Org PageRecipient Profile

Springfield, MA

PURPOSE: SUPPORT GRANT

$25,500

Cincinnati, OH

PURPOSE: SUPPORT GRANT

$15,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Young Mens Christian Association Retirement Fund has recieved totaling $5,000.

Awarding OrganizationAmount
Leona M & Harry B Helmsley Charitable Trust

New York, NY

PURPOSE: GENERAL OPERATING SUPPORT

$5,000
View Grant Recipient Profile

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