Young Mens Christian Association Incorporated
- Assets
- $8.5m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 272
- Location
- Wallingford, CT
- Founding
- 03/1968
- Data as of
- 12/2023
- EIN
- 06-0646987
Organization Overview
Young Mens Christian Association Incorporated is located in Wallingford, CT. The organization was established in 1968. 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, Young Mens Christian Association Incorporated employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Incorporated 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, Young Mens Christian Association Incorporated generated $7.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. While expenses have increased by 3.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN THE FOUNDATION OF THE COMMUNITY THROUGH PROGRAMS, SERVICES, AND RELATIONSHIPS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY AND TO BUILD STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT SOCIAL DEVELOPMENT: THE WALLINGFORD FAMILY YMCA FOCUSES ON HEALTHY LIVING BY ADVOCATING HEALTH AND WELL-BEING FROM THE INSIDE OUT-THE SPIRIT, MIND AND BODY. THE YMCA PROVIDES PEOPLE WITH SUPPORTIVE RELATIONSHIPS AND ENVIRONMENTS THEY NEED FOR SUCCESSFUL PURSUIT OF HEALTH AND WELL BEING. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. WE BRING FAMILIES TOGETHER AND OFFER SUPPORT, RECREATIONAL AND SOCIAL NETWORKS THAT BUILD RELATIONSHIPS AND STRENGTHEN BONDS. IN 2023, WE PROVIDED FINANCIAL ASSISTANCE TO OVERCOME ECONOMIC BARRIERS TO PARTICIPATION IN THE AMOUNT OF $27,981. (ESTIMATED 6,780 SERVED)
YOUTH SOCIAL DEVELOPMENT: FOR ALL CHILDREN WITH FOCUS ON PROMOTING HEALTHY GROWTH AND DEVELOPMENT IN A STRUCTURED ACTIVITY, WHICH HELPS FACILITATE YOUTHS EMOTIONAL WELL BEING. IN 2023, WE PROVIDED FINANCIAL ASSISTANCE TO OVERCOME ECONOMIC BARRIERS TO PARTICIPATION IN THE AMOUNT OF $51,880.(ESTIMATED 2,960 SERVED)
DAY CARE: THE GOAL IS TO PROMOTE CHILDRENS SOCIAL, EMOTIONAL, PHYSICAL AND INTELLECTUAL DEVELOPMENT WHILE MEETING THE NEEDS OF FAMILIES. WE SUPPORT EFFORTS TO NURTURE THE HEALTHY GROWTH OF THE CHILD WITH SAFE, AFFORDABLE, HIGH-QUALITY CARE SO PARENTS CAN HAVE PEACE OF MIND WHILE AT WORK TO HELP THEIR FAMILY SUCCEED. OUR USE OF PRIMARY CARE GIVERS FOR INFANTS ENCOURAGES OPEN COMMUNICATION BETWEEN THE CAREGIVER AND THE PARENT AND HELPS BRIDGE THE GAP BETWEEN HOME AND THE CARE CENTER. IN AGE APPROPRIATE ENVIRONMENT, EXPERIENCED STAFF PROVIDE DEVELOPMENTALLY APPROPRIATE PROGRAMS FOR EACH INDIVIDUAL GROUP. OUR CURRICULUM IS BASED ON THE INTERESTS AND NEEDS OF THE CHILDREN AND PROMOTES EMOTIONAL, SOCIAL, PHYSICAL AND COGNITIVE DEVELOPMENT. IN 2023 WE PROVIDED $10,481 IN FINANCIAL ASSISTANCE. (ESTIMATED 415 SERVED)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Doherty Executive Director | Officer | 40 | $153,500 |
Chris Kingston Senior Director Of Finance & | Officer | 40 | $95,000 |
Eric Skinner Senior Director Youth Develop | Officer | 40 | $95,000 |
Cheryl Madden Director | Trustee | 2 | $0 |
Andrew Metzger Director | Trustee | 2 | $0 |
Tyler Timek Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Diversified Building Services Llc Janitorial | 12/30/19 | $138,863 |
Robinson Cole Llp Legal Services | 12/30/19 | $110,645 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,415,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,493 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,034,493 |
| Total Program Service Revenue | $4,887,191 |
| Investment income | $19,400 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,635 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,052 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $4,849 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,171,228 |
| 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. | $343,500 |
| Compensation of current officers, directors, key employees. | $275,900 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,977,775 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $263,449 |
| Payroll taxes | $249,902 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $320,542 |
| Travel | $26,614 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,520 |
| Interest | $169,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,320 |
| Insurance | $141,967 |
| All other expenses | $222,679 |
| Total functional expenses | $5,848,359 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,092,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $330,949 |
| Accounts receivable, net | $73,065 |
| 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 | $204,712 |
| Net Land, buildings, and equipment | $6,049,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $220,000 |
| Other assets | $499,977 |
| Total assets | $8,471,003 |
| Accounts payable and accrued expenses | $364,949 |
| Grants payable | $0 |
| Deferred revenue | $411,643 |
| 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 | $3,412,347 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $492,649 |
| Total liabilities | $4,681,588 |
| Net assets without donor restrictions | $3,374,546 |
| Net assets with donor restrictions | $414,869 |
| 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 | $8,471,003 |