Young Mens Christian Association Of Metropolitan Hartford Inc
- Assets
- $162.6m
- Revenue
- $33.8m
- Investments
- $14.5m
- Employees
- 1,466
- Location
- Hartford, CT
- Founding
- 07/1973
- Data as of
- 12/2023
- EIN
- 06-0881325
Organization Overview
Young Mens Christian Association Of Metropolitan Hartford Inc is located in Hartford, CT. The organization was established in 1973. 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 Of Metropolitan Hartford Inc employed 1,466 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of Metropolitan Hartford 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 12/2023, Young Mens Christian Association Of Metropolitan Hartford Inc generated $33.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $34.7m during the year ending 12/2023. While expenses have increased by 1.6% 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
THE YMCA OF GREATER HARTFORD IS A CHARITABLE ASSOCIATION OPEN TO ALL AND COMMITTED TO HELPING PEOPLE DEVELOP THEIR FULLEST POTENTIAL IN SPIRIT, MIND AND BODY. THE COMMITMENT IS REINFORCED BY OUR BELIEF IN LIVING OUT THE UNIVERSAL VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT - THE Y NURTURES THE POTENTIAL OF EVERY CHILD AND TEEN THROUGH PROGRAMS THAT PROVIDE THEM WITH THE TOOLS AND RESOURCES THEY NEED TO SUCCEED IN LIFE. BEGINNING WITH EARLY CHILDHOOD DEVELOPMENT PROGRAMS THAT PROVIDE THE NURTURING ENVIRONMENT FOR CHILDREN AS YOUNG AS AGE 6 WEEKS, THROUGH PRE-SCHOOL PROGRAMMING THAT FOSTER GROWTH AND DEVELOPMENT OF PHYSICAL AND SOCIAL SKILLS, TO SCHOOL-AGE PROGRAMS THAT PROVIDE ENRICHMENT ACTIVITIES THAT ENHANCE AND SUPPORTS A CHILD'S SCHOOL CURRICULUM, THE Y'S CHILD DEVELOPMENT PROGRAMS HELP CHILDREN AT EVERY AGE TO GROW TO MAXIMIZE THEIR GOD-GIVEN POTENTIAL. THIS DEVELOPMENT CONTINUES THROUGH THE PRE-TEEN AND TEEN YEARS WITH PROGRAMMING THAT HELPS EACH CHILD BUILD NEW SKILLS, DEVELOP SELF-CONFIDENCE AND MATURE INTO A YOUNG ADULT. PROGRAMS INCLUDE CHILD CARE, CAMPING, AND TEEN LEADERSHIP & MENTORING AS WELL AS MANY OTHER PROGRAMS.
HEALTHY LIVING - THE Y AIMS TO IMPROVE THE NATION'S HEALTH AND WELL-BEING BY PROVIDING PROGRAMS AND ACTIVITIES THAT PROMOTE WELLNESS, REDUCE RISK FOR DISEASE AND HELP OTHERS RECLAIM THEIR HEALTH. THESE PROGRAMS AND EVERYTHING ELSE THE Y DOES ARE IN SERVICE OF MAKING US - OUR Y'S AND OUR COMMUNITIES - BETTER. THE RESULT IS A COUNTRY THAT VALUES HEALTH AND COMMUNITIES THAT SUPPORT HEALTHY CHOICES. PROGRAMS THAT SUPPORT INTEGRATED HEALTH IN ALL COMMUNITIES, FAMILY TIME, HEALTH AND WELL-BEING FOR PEOPLE OF ALL AGES, PROMOTING ACTIVE LIFE-STYLES THROUGH FITNESS AND RECREATIONAL SPORTS, AND PROGRAMMING TAILORED TO INDIVIDUALS WITH SPECIFIC HEALTH RISK FACTORS & CONDITIONS ARE ALL COMPONENTS OF THE Y'S EFFORTS TO IMPROVE THE HEALTH OF OUR COMMUNITIES. PROGRAMS INCLUDE AQUATICS AND YOUTH SPORTS, LIVESTRONG, GROUP AND INDIVIDUAL HEALTH AND WELLNESS, AND ADAPTIVE SPORTS AS WELL AS MANY OTHER PROGRAMS.
SOCIAL RESPONSIBILITY - WE KNOW THAT WHEN WE WORK TOGETHER, WE MOVE INDIVIDUALS, FAMILIES AND COMMUNITIES FORWARD. THE Y RESPONDS TO SOCIETY'S MOST PRESSING NEEDS BY DEVELOPING INNOVATIVE, COMMUNITY-BASED SOLUTIONS TO HELP THOSE IN NEED TO REACH THEIR FULL POTENTIAL. WE ARE ALSO COMMITTED TO INSPIRING A SPIRIT OF SERVICE BY UNITING INDIVIDUALS FROM ALL WALKS OF LIFE TO PARTICIPATE IN AND WORK FOR POSITIVE SOCIAL CHANGE. FROM PROGRAMS DESIGNED TO ADDRESS COMMUNITY NEEDS IN UNDER-SERVED AREAS TO VOLUNTEERISM AND ADVOCACY THE Y INCORPORATES SOCIAL RESPONSIBILITY THROUGHOUT ITS ACTIVITIES SO THAT INDIVIDUALLY AND TOGETHER EVERY Y MEMBER CAN HELP TO BUILD A STRONGER COMMUNITY FOR EVERYONE. PROGRAMS AND ACTIVITIES INCLUDE MENTORING, ADVOCACY EFFORTS, INTERNATIONAL PROGRAMS, AND PHILANTHROPY TO PROVIDE RESOURCES FINANCIAL ASSISTANCE TO THOSE WHO CANNOT AFFORD THE FULL COST OF PROGRAMS AS WELL AS MANY OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harold Sparrow Chief Executive Officer | OfficerTrustee | 50 | $277,746 |
Robert Herr Chief Financial Officer | Officer | 50 | $164,175 |
Susan Joyse Chief Development Officer | 50 | $154,507 | |
Josslyn Decrosta-Grindle Chief Human Resources Officer | 50 | $153,670 | |
Kimberly Cole Chief Operating Officer | 50 | $153,434 | |
Stephen Phillips Vice President Of Faciliti | 50 | $112,736 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Keilty Food Service Management Llc Food Services | 12/30/23 | $490,949 |
Daxko Accounting Software | 12/30/23 | $374,989 |
Cam Consulting Consulting | 12/30/23 | $163,293 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,605 |
| Related organizations | $0 |
| Government grants | $5,455,841 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,995,333 |
| Noncash contributions included in lines 1a–1f | $107,302 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,463,779 |
| Total Program Service Revenue | $22,369,865 |
| Investment income | $2,162,030 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $99,423 |
| Net Income from Fundraising Events | $239,733 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $83,952 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,809,251 |
| 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. | $494,840 |
| Compensation of current officers, directors, key employees. | $56,035 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,673,917 |
| Pension plan accruals and contributions | $844,114 |
| Other employee benefits | $726,882 |
| Payroll taxes | $1,513,662 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $101,131 |
| Fees for services: Accounting | $96,927 |
| Fees for services: Lobbying | $70,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,489,212 |
| Advertising and promotion | $499,202 |
| Office expenses | $1,399,838 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,439,356 |
| Travel | $353,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $274,157 |
| Interest | $608,050 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,887,151 |
| Insurance | $585,200 |
| All other expenses | $543,060 |
| Total functional expenses | $34,720,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,530,996 |
| Savings and temporary cash investments | $59,035 |
| Pledges and grants receivable | $1,029,978 |
| Accounts receivable, net | $706,207 |
| 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 | $10,002 |
| Net Land, buildings, and equipment | $56,573,362 |
| Investments—publicly traded securities | $74,525,576 |
| Investments—other securities | $14,483,220 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,730,011 |
| Total assets | $162,648,387 |
| Accounts payable and accrued expenses | $2,070,212 |
| Grants payable | $0 |
| Deferred revenue | $2,982,205 |
| Tax-exempt bond liabilities | $19,723,543 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,729,621 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,804,443 |
| Total liabilities | $40,310,024 |
| Net assets without donor restrictions | $98,004,647 |
| Net assets with donor restrictions | $24,333,716 |
| 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 | $162,648,387 |