Bangor Young Mens Christian Association, operating under the name Bangor Y, is located in Bangor, ME. The organization was established in 1942. 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. As of 12/2023, Bangor Y employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bangor Y 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 12/2023, Bangor Y generated $8.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $6.5m during the year ending 12/2023. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE BANGOR REGION YMCA IS A COMMUNITY LEADER IN SUPPORTING CHILDREN, ADULTS, AND FAMILIES IN THEIR LIFELONG QUEST FOR PHYSICAL, EMOTIONAL, AND SOCIAL WELLNESS. BELOVED BY THOUSANDS OF MAINERS, THE BANGOR REGION YMCA HAS DELIVERED GOLD STANDARD SERVICES TO EASTERN AND NORTHERN MAINE FOR MORE THAN 150 YEARS. IT IS ONE OF THE REGION'S LARGEST NON-PROFIT EMPLOYERS WITH 270 FULL AND PART-TIME EMPLOYEES AND HIGHLY COMPETITIVE, GENEROUS BENEFITS. SERVING 12,800 RESIDENTS ACROSS SEVEN COUNTIES, THE YMCA'S HISTORIC IMPACT WAS SPOTLIGHTED THIS YEAR WHEN IT WON THE BANGOR REGION CHAMBER OF COMMERCE NON-PROFIT OF THE YEAR AWARD. THE Y IS PROUD TO SUSTAIN THIS IMPACT THROUGH ITS THREE LARGEST PROGRAMS: YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY. COMBINED, THESE PROGRAMS PLUS ADMINISTRATIVE COSTS ACCOUNTED FOR OVER 5,500,000 OF Y EXPENDITURES IN 2023, INCLUDING A GENEROUS FINANCIAL ASSISTANCE PROGRAM TO ENSURE ACCESS BY ALL MAINERS TO ITS SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT: CRITICALLY NEEDED BY MAINE'S LOW INCOME AND WORKING FAMILIES SO THEY CAN JOIN OR REMAIN IN THE WORKFORCE, THE Y CONTRIBUTES TO THE REGION'S ECONOMIC VITALITY BY PROVIDING HIGH QUALITY, AFFORDABLE CHILDCARE. AS THE COMMUNITY'S LARGEST FACILITY-BASED PROVIDER, THE Y CARES FOR CHILDREN AGE ONE THROUGH 6TH GRADE. ITS EARLY CHILDHOOD EDUCATION AND BEFORE-AND-AFTER SCHOOL PROGRAMS ARE LICENSED THROUGH THE STATE OF MAINE. TEACHERS USE EVIDENCE-BASED TOOLS TO ASSESS CHILD DEVELOPMENT AND A STEAM CURRICULUM TO BUILD LIFELONG SKILLS. THE Y'S COMMITMENT TO YEAR-ROUND CARE IS STRENGTHENED BY ITS TWO OUTSTANDING SUMMER CAMPS: CAMP JORDAN WILDERNESS OVERNIGHT CAMP IN ELLSWORTH AND CAMP G. PEIRCE WEBBER DAY CAMP IN HAMPDEN. IN 2023, THE Y SPENT MORE THAN 2.6 MILLION ON YOUTH DEVELOPMENT, AN INCREASE OVER 2022. THE Y'S TRACK RECORD OF SUCCESS IS EVIDENCED BY THE FACT THAT NEARLY 4,000 (3,927) YOUNG MAINERS ENROLLED IN EARLY EDUCATION, SCHOOL AGE PROGRAMMING, AND SUMMER CAMPS THIS YEAR, A 4% INCREASE OVER THE PREVIOUS YEAR. THE Y'S PASSIONATE SUPPORT FOR OUR COMMUNITY'S YOUTH MEANS YOUTH DEVELOPMENT HAD THE BIGGEST EXPENDITURE OF ITS THREE LARGEST PROGRAMS IN 2023.
HEALTHY LIVING: FUNDAMENTAL TO THE Y'S MISSION IS ITS PROMISE TO CARE FOR EVERY MAINER'S PHYSICAL, EMOTIONAL, AND SOCIAL WELLNESS. TO FULFILL THIS PROMISE, WE SPENT 1.3 MILLION ON HEALTHY LIVING PROGRAMS IN 2023, A NOTABLE 9% INCREASE OVER 2022. THE Y'S EXTENSIVE INVESTMENT IN EVIDENCE-BASED DISEASE PREVENTION PROGRAMS - FROM CANCER, CARDIAC REHABILITATION, AND ARTHRITIS TO DIABETES, ALZHEIMER'S, PARKINSON'S, AND MORE - ARE CORE COMPONENTS OF OUR LIFELONG COMMITMENT TO LIFT PEOPLE AND STRENGTHEN COMMUNITY. THIS INCLUDES SPECIALIST PROGRAMS FOR YOUTH AND OLDER ADULTS, GROUP AND DANCE FITNESS CLASSES, YOGA, TAI CHI, YOUTH SPORTS, AND PERSONAL TRAINING FOR ALL AGES. AN ACKNOWLEDGED AQUATICS LEADER IN THE REGION, THE Y HAS TAUGHT MAINERS HOW TO SWIM FOR MORE THAN 100 YEARS. ITS DEDICATION TO DIVERSITY AND INCLUSION MEANS EVERY MAINER IS WELCOME, FROM CHILDREN AND TEENS WITH DIVERSE ABILITIES TO ADULTS WHO NEED TO OVERCOME THEIR FEAR OF WATER. OVERALL, NEARLY 9,000 (8,873) MAINERS PARTICIPATED IN THE Y'S HEALTHY LIVING PROGRAMS IN 2023, AN INCREASE OVER LAST YEAR.
SOCIAL RESPONSIBILITY: AS A SOCIALLY RESPONSIBLE ORGANIZATION, THE BANGOR Y IS RENOWNED FOR ITS SWIFT RESPONSE TO SOCIETAL CHALLENGES SPENDING NEARLY 408,000 IN 2023, A HUGELY SIGNIFICANT 149% INCREASE OVER 2022 ON PROGRAMS FOR MORE THAN 3,300 PEOPLE. THE Y IS COMMITTED TO BUILDING RESILIENCE AND ENHANCING THE WELLBEING OF EVERY MAINER LIVING IN OUR REGION. OUR DECISION TO OPEN A TEEN CENTER FOR YOUTH AT RISK OF SUICIDE AND SUBSTANCE USE IS A PRIME EXAMPLE OF OUR ONGOING COMMITMENT TO PRIORITIZE THE NEEDS OF OTHERS. NOW IN ITS 5TH YEAR, THE TEEN CENTER WELCOMES HUNDREDS OF TEENS AGES 12-18 EACH YEAR INCLUDING HOMELESS, LGBTQ+, LOW INCOME, AND OTHER MARGINALIZED YOUTH. SUPPORTED BY GRANTS AND DONATIONS, THE Y IS PROUD TO OFFER THIS MISSION- DRIVEN PROGRAM FOR FREE. TEENS ARE ENCOURAGED TO DEMONSTRATE SOCIAL RESPONSIBILITY BY VOLUNTEERING AT THE Y'S COMMUNITY FOOD PANTRY WHICH WAS LAUNCHED TO ADDRESS SIGNIFICANT GAPS IN THE REGION'S HUNGER PROGRAMS AND ANOTHER ILLUSTRATION OF THE Y'S RESOLVE TO MODEL ETHICAL LEADERSHIP. SIMILARLY, THE Y HAS STEPPED UP TO ADDRESS THE EPIDEMIC OF LONELINESS AND ISOLATION IN MAINE. ITS SECOND WIND SOCIAL CLUB HELPS OLDER ADULTS ACHIEVE EMOTIONAL AND PHYSICAL WELLBEING WHILE STRENGTHENING THE SOCIAL BONDS ESSENTIAL FOR LIFELONG HEALTH. THESE AND ALL OF THE Y'S PROGRAMS ARE SUPPORTED BY THE Y'S FINANCIAL ASSISTANCE PROGRAM. IN 2023 THE Y SPENT NEARLY 349,000 TO SUPPORT MAINERS IN NEED OF FINANCIAL AID, A SIGNIFICANT 11% INCREASE OVER 2022 AND A CLEAR INDICATOR OF THE Y'S DEDICATION TO SOCIALLY RESPONSIBLE LEADERSHIP.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Diane Dickerson CEO & Cmo | Officer | 40 | $218,734 |
Neil Mackay CFO | Officer | 40 | $142,050 |
Rich Armstrong Board Member | Trustee | 1 | $0 |
Tom Bearor Board Member | Trustee | 1 | $0 |
Elaine Chambers Board Member | Trustee | 1 | $0 |
Annie Collins Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $77,150 |
Related organizations | $27,854 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,530,578 |
Noncash contributions included in lines 1a–1f | $33,673 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,635,582 |
Total Program Service Revenue | $4,015,561 |
Investment income | $136,793 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $391,202 |
Net Income from Fundraising Events | $117,990 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $8,514,863 |
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. | $417,152 |
Compensation of current officers, directors, key employees. | $170,593 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,927,045 |
Pension plan accruals and contributions | $99,322 |
Other employee benefits | $284,816 |
Payroll taxes | $225,253 |
Fees for services: Management | $0 |
Fees for services: Legal | $14,348 |
Fees for services: Accounting | $26,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $8,910 |
Fees for services: Other | $773,407 |
Advertising and promotion | $41,820 |
Office expenses | $115,067 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $262,699 |
Travel | $24,628 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $83,737 |
Interest | $87,414 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $431,376 |
Insurance | $129,797 |
All other expenses | $88,506 |
Total functional expenses | $6,539,059 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $64,178 |
Savings and temporary cash investments | $1,268,487 |
Pledges and grants receivable | $5,959,549 |
Accounts receivable, net | $483,641 |
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 | $17,060 |
Net Land, buildings, and equipment | $7,210,887 |
Investments—publicly traded securities | $6,086,704 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,451,283 |
Total assets | $23,541,789 |
Accounts payable and accrued expenses | $485,728 |
Grants payable | $0 |
Deferred revenue | $622,264 |
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 | $1,513,308 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $78,381 |
Total liabilities | $2,699,681 |
Net assets without donor restrictions | $6,033,205 |
Net assets with donor restrictions | $14,808,903 |
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 | $23,541,789 |