Merrimack Valley Young Mens Christian Association Inc
- Assets
- $41.0m
- Revenue
- $17.6m
- Investments
- $0.0
- Employees
- 532
- Location
- Lawrence, MA
- Founding
- 04/1938
- Data as of
- 09/2021
- EIN
- 04-2104378
Organization Overview
Merrimack Valley Young Mens Christian Association Inc is located in Lawrence, MA. The organization was established in 1938. According to its NTEE Classification (O55) the organization is classified as: Youth Development - Religious Leadership, under the broad grouping of Youth Development and related organizations. As of 09/2021, Merrimack Valley Young Mens Christian Association Inc employed 532 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Valley Young Mens Christian Association 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 09/2021, Merrimack Valley Young Mens Christian Association Inc generated $17.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $14.0m during the year ending 09/2021. 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 YMCA IS DEDICATED TO STRENGTHENING SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING:AT THE Y, WE BELIEVE IN MAINTAINING A BALANCED SPIRIT, MIND AND BODY. THE Y IS A LEADING VOICE ON HEALTH AND WELL-BEING ISSUES, A LEADER IN FIGHTING CHRONIC DISEASE AND A LEADING VOICE IN COMMUNITY WATER SAFETY AND COMMITTED TO EMPOWERING PEOPLE TO LEAD FULLER LIVES. WE GIVE THE SUPPORT AND GUIDANCE AND RESOURCES NEEDED FOR PHYSICALLY ACTIVE LIVES AND FOSTER CONNECTIONS BY BRINGING FAMILIES CLOSER TOGETHER THROUGH FITNESS, AQUATICS AND SPORTS PROGRAMS.
YOUTH DEVELOPMENT - CAMPING PROGRAMS:OUTDOOR EXPERIENCES ARE PROVIDED AT OUR TWO RESIDENT CAMPS AND OUR DAY CAMP FOR OVER 1,700 INDIVIDUALS EACH SUMMER. THROUGH PARTNERSHIPS WITH LOCAL SCHOOLS WE EXPOSE INNER CITY YOUTH TO AN EXPERIENCE THAT WILL LAST A LIFETIME. LEADERSHIP SKILLS, HEALTHY RISK TAKING, COMMUNICATION AND TEAM PARTICIPATION SKILLS ARE DEVELOPED IN A UNIQUE AND ENRICHING ENVIRONMENT. IN ADDITION, OUR FACILITIES ARE USED BY FAMILIES, SCHOOL GROUPS AND OTHER ENTITIES FOR OUTDOOR RECREATION AND GROUP DEVELOPMENT.OUR LEADERSHIP DEVELOPMENT PROGRAMS GIVE KIDS AND TEENS A SAFE PLACE TO BELONG, TO BUILD CONFIDENCE AND TO LEARN POSITIVE BEHAVIORS. THESE SKILLS LEAD TO BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT
YOUTH DEVELOPMENT - CHILDCARE PROGRAMS:EACH WEEK NEARLY 800 CHILDREN HAVE AN ENRICHING EDUCATIONAL EXPERIENCE AT OUR CHILDCARE AND AFTER-SCHOOL CHILDCARE SITES LOCATED IN LAWRENCE, METHUEN, ANDOVER AND BOXFORD. OUR PROGRAMS INCLUDE READING EDUCATION FOR PRESCHOOL CHILDREN WITH A FOCUS ON KINDERGARTEN READINESS. WE ALSO WORK WITH FAMILIES TO STRENGTHEN LITERACY SUPPORT IN THE HOME. WITH FUNDING FROM LOCAL SUPPORTERS, AS WELL AS OUR GOVERNMENT PARTNERS, WE PROVIDE MORE THAN 300 CHILDREN WITH SUBSIDIZED CHILDCARE.
SOCIAL RESPONSIBILITY:SINCE INCORPORATION, OUR Y HAS RESPONDED TO SOCIETY'S MOST PRESSING NEEDS. OUR Y PROVIDES AFFORDABLE HOUSING FACILITIES, VARIOUS EDUCATIONAL, TRAINING AND RELATED PROGRAMS FOR UP TO 74 VERY LOW-INCOME RESIDENTS IN OUR LAWRENCE FACILITY. THE RECENT PANDEMIC HAS EXPOSED ENORMOUS FOOD INSECURITY IN OUR COMMUNITIES. AS SUCH, WE HAVE INCREASED OUR INVESTMENT IN OUR FOOD PANTRY AND BY PURCHASING TWO FOOD TRUCKS. THIS ENABLES US TO MEET THESE EVER GROWING NEEDS BY PROVIDING CHILDREN, SENIORS AND FAMILIES WITH GRAB AND GO AND PREPARED MEALS AS WELL AS WITH BAGS OF GROCERIES. OUR FITNESS MEMBERSHIPS, CHILDCARE, CAMP AND SPORTS PROGRAMS ARE MADE AFFORDABLE TO ALL WITH FINANCIAL ASSISTANCE PROVIDED TO HUNDREDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Francis Kenneally III President/ceo | Officer | 40 | $257,183 |
Cathleen Landry Chief Financial Officer | Officer | 40 | $172,013 |
Patrick Ryan Chief Operations Officer | Officer | 40 | $138,812 |
Claudia Soo Hoo Chief Operating Officer | Officer | 40 | $126,660 |
Mary Jane Dinsmore Chief Human Resources Officer | 40 | $126,404 | |
Kathleen Costello Treasurer | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Methuen School Nutrition Program Food Service | 9/29/21 | $323,161 |
System4 Of Boston Janitorial | 9/29/21 | $233,509 |
Bannon Brothers Inc Contractor Services | 9/29/21 | $181,000 |
A&e Mechanical Inc Contractor Services | 9/29/21 | $146,137 |
Dg Contracting Inc Contractor Services | 9/29/21 | $198,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,442,266 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,915,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,358,211 |
| Total Program Service Revenue | $11,071,252 |
| Investment income | $28,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,586,641 |
| 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. | $620,858 |
| Compensation of current officers, directors, key employees. | $620,858 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,381,800 |
| Pension plan accruals and contributions | $388,127 |
| Other employee benefits | $464,385 |
| Payroll taxes | $464,805 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,418 |
| Fees for services: Accounting | $43,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,135 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,124 |
| Office expenses | $142,858 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $860,848 |
| Travel | $47,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $613,963 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,518,985 |
| Insurance | $384,133 |
| All other expenses | $620,316 |
| Total functional expenses | $14,029,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,778,917 |
| Savings and temporary cash investments | $567,288 |
| Pledges and grants receivable | $1,692,412 |
| Accounts receivable, net | $499,736 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $18,384 |
| Prepaid expenses and deferred charges | $155,958 |
| Net Land, buildings, and equipment | $31,752,309 |
| Investments—publicly traded securities | $1,523,397 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,515 |
| Total assets | $41,011,916 |
| Accounts payable and accrued expenses | $868,708 |
| Grants payable | $0 |
| Deferred revenue | $217,528 |
| 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 | $18,238,679 |
| Unsecured mortgages and notes payable | $1,862,690 |
| Other liabilities | $229,357 |
| Total liabilities | $21,416,962 |
| Net assets without donor restrictions | $17,651,525 |
| Net assets with donor restrictions | $1,943,429 |
| 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 | $41,011,916 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Merrimack Valley Young Mens Christian Association Inc has recieved totaling $214,574.
| Awarding Organization | Amount |
|---|---|
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $139,022 |
Essex County Community Foundation Incorporated Danvers, MA | | $42,925 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $15,575 |
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $10,000 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $4,800 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,152 |
Endowment Analysis
| Beg. Balance | $1,382,309 |
| Earnings | $228,064 |
| Net Contributions | $10,000 |
| Ending Balance | $1,620,373 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Merrimack Valley Young Mens Christian Association Inc Lawrence, MA | $41,011,916 | $17,586,641 |
Bronfman Youth Fellowships In Israel Inc New York, NY | $984,006 | $2,136,263 |
Manchester Area Conference Of Churches Inc Manchester, CT | $3,217,255 | $1,782,333 |
Project Extreme Lawrence, NY | $1,424,331 | $2,267,205 |
Youth For Christ Usa Inc Halfmoon, NY | $3,427,160 | $2,127,989 |
Barbara C Harris Center Greenfield, NH | $17,711,684 | $1,195,558 |
Pivot Ministries Inc Bridgeport, CT | $1,819,684 | $1,170,684 |
Long Island Youth For Christ Inc Huntington Station, NY | $902,623 | $954,188 |
Next Gen Usa Leadership Foundation Inc Attn Eric Prusan Garden City, NY | $41,794 | $420,805 |
Orthodox Christian Fellowship Brookline, MA | $339,588 | $519,035 |
Island Kids Inc New York, NY | $179,658 | $691,484 |
Conscious Kids Inc Brooklyn, NY | $6,240,786 | $494,088 |