Young Mens Christian Association Of Metro North Inc
- Assets
- $61.4m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 935
- Location
- Peabody, MA
- Founding
- 01/1938
- Data as of
- 12/2021
- EIN
- 04-2105883
Organization Overview
Young Mens Christian Association Of Metro North Inc is located in Peabody, MA. The organization was established in 1938. 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 12/2021, Young Mens Christian Association Of Metro North Inc employed 935 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of Metro North 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 12/2021, Young Mens Christian Association Of Metro North Inc generated $28.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $21.5m during the year ending 12/2021. While expenses have increased by 2.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. BUILDS STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES BY ENRICHING THE LIVES OF ALL PEOPLE IN SPIRIT, MIND AND BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT:THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. THROUGH CHILD CARE, EDUCATION AND LEADERSHIP PROGRAMS, CAMPS AND SWIM, SPORTS AND PLAY, WE BELIEVE TEACHING SKILLS LEARNED EARLY ON ARE A VITAL BUILDING BLOCK FOR OUR CHILDREN'S SUCCESS. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS, AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS CAMP LEADERSHIP PROGRAMS, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR ALL OF THE YOUNG PEOPLE WE ENGAGE.
HEALTHY LIVING:THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH, AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN, AND SHARED INTERESTS. AS A RESULT, APPROXIMATELY 47,000 PEOPLE IN OUR COMMUNITY ARE RECEIVING SUPPORT, GUIDANCE, AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND, AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES, AND INCOME LEVELS. IN 2021, WE PROVIDED HUNDREDS OF FAMILIES WITH FINANCIAL ASSISTANCE IN ORDER TO IMPROVE THEIR WELL-BEING AND CONTRIBUTE TO THE QUALITY OF LIFE IN OUR COMMUNITY.
SOCIAL RESPONSIBILITY:AT THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METRO NORTH, INC. STRENGTHENING COMMUNITY IS OUR CAUSE. THE Y ASSISTS THOSE IN OUR COMMUNITY BY OFFERING THEM OPPORTUNITIES TO VOLUNTEER, ADVOCATE AND SUPPORT PROGRAMS THAT STRENGTHEN OUR NEIGHBORHOODS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 145 YEARS. OUR PROGRAMS, SUCH AS OUR AFFORDABLE HOUSING PROGRAM IS AN EXAMPLE OF HOW WE DELIVER TRAINING, RESOURCES, AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. IN 2021, WE ENGAGED THOUSANDS OF YMCA MEMBERS, PARTICIPANTS, AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Walsh President/ceo | Officer | 40 | $222,539 |
Paul Mantell VP Hr & Chief Admin. Officer | 40 | $167,748 | |
Lisa Ferraro VP Finance & CFO | Officer | 40 | $145,368 |
Katelyn Papadopoulos Senior Branch Exec. Dir. - Melrose | 40 | $127,705 | |
Andrea Baez Senior Branch Exec. Dir. - Demakes | 40 | $120,678 | |
Robert Lowell Branch Exec. Dir. - Torigian | 40 | $110,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cigna Health And Life Insurance Company Insurance | 12/30/21 | $627,166 |
Department Of Unemployment Unemployment | 12/30/21 | $521,250 |
Rc Griffin Inc Elevator Contractor | 12/30/21 | $515,504 |
National Grid Electric And Gas | 12/30/21 | $468,168 |
Aspen Capital Company Inc Fitess Equipment Leasing | 12/30/21 | $455,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $55,404 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,733,354 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,922,127 |
| Noncash contributions included in lines 1a–1f | $3,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,710,885 |
| Total Program Service Revenue | $17,513,471 |
| Investment income | $301,720 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $111,995 |
| Net Gain/Loss on Asset Sales | $123,678 |
| Net Income from Fundraising Events | $263,164 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $28,858 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,077,640 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $830,667 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $408,631 |
| Compensation of current officers, directors, key employees. | $171,625 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,360,499 |
| Pension plan accruals and contributions | $659,000 |
| Other employee benefits | $975,686 |
| Payroll taxes | $767,201 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,545 |
| Fees for services: Accounting | $61,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,227 |
| Fees for services: Other | $276,016 |
| Advertising and promotion | $204,571 |
| Office expenses | $769,940 |
| Information technology | $635,798 |
| Royalties | $0 |
| Occupancy | $2,159,486 |
| Travel | $151,232 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,717 |
| Interest | $1,174,268 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,122,919 |
| Insurance | $389,534 |
| All other expenses | -$29,637 |
| Total functional expenses | $21,469,866 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,620,010 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $612,496 |
| Accounts receivable, net | $1,801,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,321,200 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $203,339 |
| Net Land, buildings, and equipment | $15,823,254 |
| Investments—publicly traded securities | $6,959,685 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,033,822 |
| Total assets | $61,375,370 |
| Accounts payable and accrued expenses | $937,542 |
| Grants payable | $0 |
| Deferred revenue | $997,857 |
| Tax-exempt bond liabilities | $26,177,243 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,865,402 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,978,044 |
| Net assets without donor restrictions | $23,011,522 |
| Net assets with donor restrictions | $8,385,804 |
| 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 | $61,375,370 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Young Mens Christian Association Of Metro North Inc has recieved totaling $206,376.
| Awarding Organization | Amount |
|---|---|
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $50,000 |
Food Research & Action Center Inc Washington, DC PURPOSE: Federal Nutrition | $50,000 |
Raymond James Charitable Endowment Fund St Petersberg, FL PURPOSE: GENERAL SUPPORT | $25,000 |
Essex County Community Foundation Incorporated Danvers, MA | | $24,000 |
The Massachusetts Medical Society And Alliance Charitable Foundation Waltham, MA PURPOSE: SOCIAL ACTION | $15,000 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $14,516 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ymca Of The North Shore Inc Beverly, MA | $119,924,593 | $52,904,408 |
Samuel Field Ym & Ywha Inc Little Neck, NY | $48,425,712 | $46,930,535 |
Ymca Of Greater Rochester Rochester, NY | $121,370,415 | $45,892,943 |
Young Mens Christian Association Of Long Island Inc Glen Cove, NY | $75,238,727 | $32,469,405 |
Young Mens Christian Association Of The Capital District Albany, NY | $57,049,095 | $29,813,133 |
South Shore Young Mens Christian Association Quincy, MA | $85,192,389 | $30,794,520 |
Young Mens Christian Association Of Metropolitan Hartford Inc Hartford, CT | $164,737,357 | $30,671,790 |
Central Connecticut Coast Young Mens Christian Association Inc New Haven, CT | $48,852,527 | $30,738,115 |
The Granite Ymca Manchester, NH | $42,208,261 | $24,707,664 |
Young Mens Christian Association Of Worcester Worcester, MA | $59,055,753 | $25,227,753 |
Young Mens Christian Association Of Metro North Inc Peabody, MA | $61,375,370 | $28,077,640 |
Hockomock Young Mens Christian Association Inc North Attleboro, MA | $27,249,839 | $22,587,888 |