Young Mens Christian Assoc Of Greenwich
- Assets
- $37.1m
- Revenue
- $6.9m
- Investments
- $461.4k
- Employees
- 131
- Location
- Greenwich, CT
- Founding
- 05/1934
- Data as of
- 12/2022
- EIN
- 06-0646976
Organization Overview
Young Mens Christian Assoc Of Greenwich is located in Greenwich, CT. 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, Young Mens Christian Assoc Of Greenwich employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Assoc Of Greenwich 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, Young Mens Christian Assoc Of Greenwich generated $6.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $7.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 8 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
THE YMCA OF GREENWICH'S MISSION IS: TO BRING TOGETHER AND STRENGTHEN THE COMMUNITY THROUGH PROGRAMS AND SERVICES THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL MEN, WOMEN AND CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT - THE YMCA OF GREENWICH IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT 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 SUMMER CAMP, CHILDCARE, COMPETITIVE SWIMMING, DIVING AND WATER POLO, SWIM LESSONS AND YOUTH SPORTS, 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 THE YOUNG PEOPLE WE ENGAGE. IN 2022, WE PROVIDED $129,784 IN FINANCIAL ASSISTANCE TO YOUNG PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE. IN ADDITION TO PROVIDING MUCH NEEDED CARE FOR WORKING FAMILIES, THE Y ASSISTED IN PREPARING EACH OF THESE CHILDREN FOR KINDERGARTEN.
HEALTHY LIVING - THE Y 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, 5,000 PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH AND 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.
MEMBERSHIP - Y MEMBERSHIP IS MADE UP OF PEOPLE OF ALL AGES AND FROM EVERY WALK OF LIFE WORKING SIDE BY SIDE TO STRENGTHEN OUR COMMUNITY. THE YMCA OF GREENWICH IS DEDICATED TO FOSTERING PERSONAL GROWTH AND CONNECTION THROUGH ENVIRONMENTS AND ACTIVITIES THAT EMBRACE DIVERSITY AND PROMOTE A HEALTHY LIFE BALANCE. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. THE Y DOES NOT TURN AWAY ANYONE DUE TO INABILITY TO PAY, TO EXPAND UPON THIS COMMITMENT; IN 2013 THE Y LAUNCHED OUR Y FOR ALL MEMBERSHIP PROGRAM. THE PROGRAM IS AN INCOME BASED SLIDING SCALE MEMBERSHIP WHICH MAKES THE Y MORE AFFORDABLE TO ALL. IN 2022, WE ALSO PROVIDED $101,640 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE IN THE MEMBERSHIP AT THE YMCA OF GREENWICH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Skaarup CEO | OfficerTrustee | 40 | $215,000 |
Marcel Bens Chairman | OfficerTrustee | 2 | $0 |
Kimberly Rosenbaum Vice Chairman | OfficerTrustee | 2 | $0 |
Jon Charette Treasurer | OfficerTrustee | 2 | $0 |
Anne Franscioni Secretary | OfficerTrustee | 2 | $0 |
Paul Apostolides Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $154,324 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $597,966 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $752,290 |
| Total Program Service Revenue | $5,536,284 |
| Investment income | $32,061 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $174,938 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,851,307 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $148,771 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,001 |
| Compensation of current officers, directors, key employees. | $52,701 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,284,681 |
| Pension plan accruals and contributions | $99,225 |
| Other employee benefits | $58,692 |
| Payroll taxes | $213,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,314 |
| Advertising and promotion | $13,186 |
| Office expenses | $165,549 |
| Information technology | $192,404 |
| Royalties | $0 |
| Occupancy | $355,255 |
| Travel | $120,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $292,446 |
| Payments to affiliates | $81,064 |
| Depreciation, depletion, and amortization | $1,512,984 |
| Insurance | $115,768 |
| All other expenses | $42,547 |
| Total functional expenses | $7,028,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,309,496 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $349,460 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $34,808,568 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $461,354 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $190,831 |
| Total assets | $37,124,709 |
| Accounts payable and accrued expenses | $203,088 |
| Grants payable | $0 |
| Deferred revenue | $990,814 |
| 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 | $1,361,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $194,268 |
| Total liabilities | $2,749,976 |
| Net assets without donor restrictions | $33,888,379 |
| Net assets with donor restrictions | $486,354 |
| 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 | $37,124,709 |