The Ywca Retirement Fund Inc
- Assets
- $386.7m
- Revenue
- $22.2m
- Investments
- $265.5m
- Employees
- 20
- Location
- New York, NY
- Founding
- 12/1942
- Data as of
- 12/2023
- EIN
- 13-1624231
Organization Overview
The Ywca Retirement Fund Inc is located in New York, NY. The organization was established in 1942. According to its NTEE Classification (Y43) the organization is classified as: Voluntary Employees Beneficiary Associations (Non-Government), under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2023, YWCA Retirement Fund Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YWCA Retirement Fund 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, YWCA Retirement Fund Inc generated $22.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $38.1m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES RETIREMENT BENEFITS TO ELIGIBLE PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUND PROVIDES PARTICIPANTS WITH LUMP SUM BENEFIT PAYMENTS UPON RETIREMENT OR TERMINATION OF EMPLOYMENT FROM PARTICIPATING YWCA'S.
THE FUND PROVIDES RETIREMENT ANNUITY BENEFITS TO ELIGIBLE PARTICIPANTS, EMPLOYEES, AND BENEFICIARIES.
THE FUND MAKES PAYMENTS TO BENEFICIARIES UPON THE DEATH OF A PARTICIPANT OR ANNUITANT WHEN APPLICABLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliott Buchholz Chief Executive Officer | Officer | 35 | $360,490 |
Joseph Derocchis Chief Financial Officer / Chief Operating Officer | Officer | 35 | $269,380 |
Guedner Villette Systems Manager | 35 | $208,425 | |
Paul Li Systems Applications Manager | 35 | $190,802 | |
Michael Sangregorio Controller | 35 | $162,158 | |
Josephine Chow Contributions Manager | 35 | $170,469 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Procentia Inc Systems Software Provider | 12/30/23 | $1,136,989 |
Strategic Investment Group Ocio/investment Manager | 12/30/23 | $978,759 |
Computer Design And Integration Llc Virtual Desktop Provider | 12/30/23 | $346,137 |
Mercer Actuary | 12/30/23 | $251,500 |
Jp Morgan Chase Bank Custodian | 12/30/23 | $175,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $15,480,191 |
| Investment income | $1,706,418 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,979,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,166,251 |
| 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 | $29,810,436 |
| Compensation of current officers, directors, key employees. | $642,487 |
| Compensation of current officers, directors, key employees. | $642,487 |
| Compensation to disqualified persons | $1,893,932 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $228,091 |
| Other employee benefits | $459,285 |
| Payroll taxes | $176,245 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $216,693 |
| Fees for services: Accounting | $112,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,226,895 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $577,689 |
| Information technology | $452,820 |
| Royalties | $0 |
| Occupancy | $544,156 |
| Travel | $73,015 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $991,508 |
| Insurance | $445,614 |
| All other expenses | $265,629 |
| Total functional expenses | $38,117,486 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,560,412 |
| Savings and temporary cash investments | $8,133,524 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $55,258,001 |
| 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 | $31,470 |
| Net Land, buildings, and equipment | $8,148,495 |
| Investments—publicly traded securities | $42,620,641 |
| Investments—other securities | $265,525,985 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,380,992 |
| Total assets | $386,659,520 |
| Accounts payable and accrued expenses | $703,100 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $6,790,309 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,493,409 |
| Net assets without donor restrictions | $379,166,111 |
| Net assets with donor restrictions | $0 |
| 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 | $386,659,520 |