Ymca Of Greater Springfield Inc
- Assets
- $14.0m
- Revenue
- $10.8m
- Investments
- $0.0
- Employees
- 344
- Location
- Springfield, MA
- Founding
- 02/1923
- Data as of
- 12/2023
- EIN
- 04-1859893
Organization Overview
Ymca Of Greater Springfield Inc is located in Springfield, MA. The organization was established in 1923. 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, YMCA Of Greater Springfield Inc employed 344 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Of Greater Springfield 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 12/2023, YMCA Of Greater Springfield Inc generated $10.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $10.4m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. 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
TO SERVE THE HUMAN NEEDS IN GREATER SPRINGFIELD MASSACHUSETTS AREA BY PROVIDING PROGRAMS THAT PROMOTE LIFELONG PERSONAL GROWTH AND THE BALANCED DEVELOPMENT OF SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND PHYSICAL EDUCATION SERVICES - TO ENCOURAGE HEALTH AND WELLNESS BOTH PHYSICAL AND MENTAL. ADVANCE HUMAN POTENTIAL THROUGH THE BALANCED DEVELOPMENT OF SPIRIT, MIND AND BODY, DEVELOP CONFIDENCE, SELF-RESPECT AND SELF-RELIANCE AND ENHANCE THE CAPACITY FOR CONTINUOUS SELF-DIRECTED LEARNING.
COMMUNITY AND FAMILY SERVICES - DEVELOP INDIVIDUALS AND FAMILIES AND THEIR RELATIONSHIPS WITH EACH OTHER AND THE COMMUNITY. THIS INCLUDES PROMOTING LEADERSHIP SKILL DEVELOPMENT, FURTHERING INTERRACIAL AND INTER-GROUP UNDERSTANDING, PREPARING PARTICIPANTS FOR PARTICIPATION IN THE GLOBAL ECONOMY AND APPRECIATION FOR GLOBAL CONCERNS. IT ALSO ENCOMPASSES THE TEACHING OF OUR CORE VALUES: HONESTY, RESPECT, RESPONSIBILITY AND CARING.
OUR Y SUMMER CAMPS PROVIDES KIDS WITH A VARIETY OF IMAGINATIVE ACTIVITIES THAT MAKE SURE THEY HAVE FUN WHILE MAKING NEW FRIENDS, BUILDING SELF-CONFIDENCE AND DISCOVERING THE WORLD AROUND THEM. OUR CAREFULLY SELECTED COUNSELORS WORK WITH CAMPERS ON CREATING MASTERPIECES DURING ARTS AND CRAFTS, EXPLORE SCIENCE AND TECHNOLOGY, GO ON FIELD TRIPS, APPRECIATE NATURE AND DISCOVER THE WORLD AROUND THEM. WORKING TOGETHER, THE YMCA OF GREATER SPRINGFIELD, BUSINESS PARTNERS THROUGHOUT THE GREATER SPRINGFIELD AREA ARE PARTNERING TO TRANSFORM THE LIVES OF OUR YOUTH. THE EXPLICIT GOAL OF Y-AIM IS TO PROVIDE TALENTED UNDERACHIEVING AT-RISK YOUTH ENTERING THE 9TH GRADE WITH A SOLID SUPPORT SYSTEM THROUGHOUT ALL FOUR YEARS OF HIGH SCHOOL AS A MEANS TO ASSURE GRADUATION FROM HIGH SCHOOL, PURSUIT OF HIGHER EDUCATION, AND ACCESS TO GAINFUL EMPLOYMENT IN THE GLOBAL MARKETPLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Board Of Directors | Trustee | 2 | $0 |
Name Not Listed Board Of Directors | Trustee | 2 | $0 |
Name Not Listed Board Of Directors | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Unic Pro Inc Cleaning Service | 12/30/23 | $280,762 |
B-g Mechanical Services Inc Hvac System Repair & Maintenance | 12/30/23 | $204,643 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,807,165 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,269,058 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,076,223 |
| Total Program Service Revenue | $3,348,717 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $292,068 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $75,517 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,803,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $429,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $316,776 |
| Compensation of current officers, directors, key employees. | $316,776 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,816,135 |
| Pension plan accruals and contributions | $210,089 |
| Other employee benefits | $218,093 |
| Payroll taxes | $478,129 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $395,738 |
| Advertising and promotion | $100,191 |
| Office expenses | $85,641 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,364,997 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $93,041 |
| Interest | $142,595 |
| Payments to affiliates | $92,938 |
| Depreciation, depletion, and amortization | $481,654 |
| Insurance | $270,714 |
| All other expenses | $28,918 |
| Total functional expenses | $10,445,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,164 |
| Savings and temporary cash investments | $2,743,338 |
| Pledges and grants receivable | $290,537 |
| Accounts receivable, net | $368,666 |
| 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 | $199,453 |
| Net Land, buildings, and equipment | $5,020,633 |
| Investments—publicly traded securities | $1,680,874 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,689,110 |
| Total assets | $13,995,775 |
| Accounts payable and accrued expenses | $502,660 |
| Grants payable | $0 |
| Deferred revenue | $145,297 |
| 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 | $2,908,372 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,126,042 |
| Total liabilities | $6,682,371 |
| Net assets without donor restrictions | $6,126,639 |
| Net assets with donor restrictions | $1,186,765 |
| 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 | $13,995,775 |