Greater Providence Young Mens Christian Association
- Assets
- $31.0m
- Revenue
- $20.5m
- Investments
- $0.0
- Employees
- 731
- Location
- Providence, RI
- Founding
- 12/1934
- Data as of
- 12/2022
- EIN
- 05-0258878
Organization Overview
Greater Providence Young Mens Christian Association is located in Providence, RI. The organization was established in 1934. 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 12/2022, Greater Providence Young Mens Christian Association employed 731 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Providence Young Mens Christian Association 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 12/2022, Greater Providence Young Mens Christian Association generated $20.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $19.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL, THROUGH PROGRAMS, SERVICES AND RELATIONSHIPS THAT ARE BASED UPON OUR CORE VALUES OF CARING, HONESTY, RESPECT, AND RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDCARE AND CAMP:THE YMCA OF GREATER PROVIDENCE PARTNERS WITH LOCAL SCHOOL DISTRICTS AND OTHER COMMUNITY PARTNERS TO OFFER CHILDREN SAFE, EDUCATIONAL, AND ENRICHING PROGRAMS BEFORE AND AFTER SCHOOL. OUR CHILDCARE PROGRAMS FOCUS ON ACADEMIC ACHIEVEMENT, HEALTH AND WELLNESS PROGRAMMING AND SPECIAL EVENTS. OUR PROGRAMS ARE OFFERED BOTH AT THE YMCA LOCATIONS AND LOCAL SCHOOLS. IN 2022 WE SERVED OVER 1000 CHILDREN IN OUR AFTERSCHOOL CHILDCARE PROGRAMS. NO CHILD IS TURNED AWAY BECAUSE OF INABILITY TO PAY. YMCA CAMPS SERVICED OVER 4,000 CHILDREN IN 2022. OUR CAMPS OFFER CHILDREN VARIED OPPORTUNITIES TO GROW BY PARTICIPATING IN OUTDOOR ACTIVITIES SUCH AS SPORTS, GAMES, AND SAILING AS WELL AS ARTS AND CRAFTS AND FIELD TRIPS. THE CHILDREN MEET OTHERS FROM ALL WALKS OF LIFE, EVEN OTHER COUNTRIES, GIVING THEM A TRULY ENRICHING EXPERIENCE.
MEMBERSHIP AND PROGRAMS:THE YMCA OF GREATER PROVIDENCE IS COMMITTED TO IMPROVING THE HEALTH AND WELLNESS OF OUR COMMUNITY, AS WELL AS PROVIDING A SAFE PLACE FOR OLDER ADULTS, ADULTS, TEENS, CHILDREN, AND FAMILIES TO MEET AND PARTICIPATE IN HEALTHY AND FUN ACTIVITIES. IN 2022 WE SERVED OVER 25,000 MEMBERS AND PARTICIPANTS. WE SUPPORT INDIVIDUALS AND FAMILIES OF ALL AGES AND WALKS OF LIFE BY PROVIDING ACCESS TO OUR SEVEN WELLNESS CENTERS NO MATTER THEIR ABILITY TO PAY. WE OFFER GROUP, FAMILY, AND INDIVIDUAL PROGRAMMING. OUR BASIC SERVICES ARE COMPLEMENTED BY SPECIALTY PROGRAMS TO MEET THE NEEDS OF INDIVIDUALS LIVING WITH CHRONIC HEALTH CONDITIONS, SUCH AS DIABETES, CANCER, AND PARKINSON'S DISEASE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Dellaposta Chair | OfficerTrustee | 2 | $0 |
Daniel Da Ponte Vice Chair | OfficerTrustee | 2 | $0 |
David Burnett Treasurer | OfficerTrustee | 2 | $0 |
Carmen Sharp Secretary | OfficerTrustee | 2 | $0 |
Jeff Barton Director | Trustee | 1 | $0 |
Paul Boghosian Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peregrine Property Management Property Management | 12/30/22 | $495,513 |
Prestige Hardscape Llc Grounds Maintenance | 12/30/22 | $421,332 |
Fitton Construction Construction Services | 12/30/22 | $196,762 |
Citrin Cooperman Financial Services | 12/30/22 | $135,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $96,064 |
| Membership dues | $0 |
| Fundraising events | $171,801 |
| Related organizations | $0 |
| Government grants | $3,282,766 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,448,550 |
| Noncash contributions included in lines 1a–1f | $111,907 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,999,181 |
| Total Program Service Revenue | $14,826,504 |
| Investment income | $205,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $154,792 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $111,103 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$6,472 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,547,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $769,615 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $493,787 |
| Compensation of current officers, directors, key employees. | $297,271 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,167,485 |
| Pension plan accruals and contributions | $302,318 |
| Other employee benefits | $559,607 |
| Payroll taxes | $623,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $125,741 |
| Fees for services: Accounting | $49,127 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $41,084 |
| Fees for services: Other | $21,520 |
| Advertising and promotion | $52,981 |
| Office expenses | $1,081,102 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,265,942 |
| Travel | $110,735 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,853 |
| Interest | $370,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,624,836 |
| Insurance | $579,265 |
| All other expenses | $0 |
| Total functional expenses | $19,577,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $542,027 |
| Savings and temporary cash investments | $482,460 |
| Pledges and grants receivable | $34,884 |
| Accounts receivable, net | $2,691,869 |
| 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 | $394,501 |
| Net Land, buildings, and equipment | $19,528,743 |
| Investments—publicly traded securities | $4,208,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,099,748 |
| Total assets | $30,982,666 |
| Accounts payable and accrued expenses | $1,222,821 |
| Grants payable | $0 |
| Deferred revenue | $897,819 |
| 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 | $6,330,796 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $606,695 |
| Total liabilities | $9,058,131 |
| Net assets without donor restrictions | $17,679,779 |
| Net assets with donor restrictions | $4,244,756 |
| 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 | $30,982,666 |