Young Mens Christian Association Retirement Fund
- Assets
- $8.8b
- Revenue
- $523.4m
- Investments
- $5.4b
- Employees
- 121
- Location
- New York, NY
- Founding
- 08/1951
- Data as of
- 06/2023
- EIN
- 13-5562401
Organization Overview
Young Mens Christian Association Retirement Fund, operating under the name YMCA Retirement Fund, is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2023, YMCA Retirement Fund employed 121 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Retirement Fund 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 06/2023, YMCA Retirement Fund generated $523.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $162.1m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, YMCA Retirement Fund has awarded 43 individual grants totaling $1,766,300. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE YMCA RETIREMENT FUND IS TO EMPOWER YMCA EMPLOYEES TO ACHIEVE ECONOMIC SECURITY, ENABLING THEM TO FOCUS ON STRENGTHENING COMMUNITIES THROUGH THEIR WORK FOR THE YMCA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE YMCA RETIREMENT FUND PROVIDED MONTHLY ANNUITY PAYMENTS TO APPROXIMATELY 16,797 RETIRED YMCA EMPLOYEES WITH AN AVERAGE ANNUAL ANNUITY OF APPROXIMATELY $20,408. DURING THE FISCAL YEAR ENDED JUNE 30, 2023, THE YMCA RETIREMENT FUND PROVIDED BENEFITS (INCLUDING DEATH AND DISABILITY BENEFITS) IN EXCESS OF $97,245,000. THE FOLLOWING BUNDLED BENEFITS ARE PROVIDED TO ALL PARTICIPATING YMCA'S: RETIREMENT PLAN: A DEFINED CONTRIBUTION MONEY PURCHASE CHURCH PENSION PLAN THAT IS INTENDED TO SATISFY THE QUALIFICATION REQUIREMENTS OF SECTION 401(A) OF THE INTERNAL REVENUE CODE (CODE). TAX-DEFERRED SAVINGS PLAN: A RETIREMENT INCOME ACCOUNT PLAN AS DEFINED IN SECTION 403(B)(9) OF THE CODE. LIFE ANNUITIES TO RETIREES: THE YMCA RETIREMENT FUND PROVIDES ANNUITIES BASED UPON ACCUMULATED ACCOUNT BALANCES IN THE RETIREMENT PLAN AND TAX-DEFERRED SAVINGS PLAN TO PARTICIPANTS OF RETIREMENT AGE. DEATH AND DISABILITY BENEFITS: RETIREMENT DEATH AND DISABILITY BENEFITS ARE PROVIDED TO PARTICIPANTS OR THEIR BENEFICIARIES UPON DEATH OR PERMANENT TOTAL DISABILITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Chairman | OfficerTrustee | 2 | $0 |
Name Not Listed Trustee Volunteer | Trustee | 2 | $0 |
Name Not Listed Trustee Volunteer | Trustee | 2 | $0 |
Name Not Listed Trustee Volunteer As Of 12/2022 | Trustee | 2 | $0 |
Name Not Listed Trustee Volunteer Until 12/22 | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Basswood Capital Management Investment Management | 6/29/23 | $3,811,993 |
Element Capital Management Llc Investment Management | 6/29/23 | $3,218,078 |
Dalton Investments Llc Investment Management | 6/29/23 | $2,114,465 |
Rgm Capital Llc Investment Management | 6/29/23 | $1,857,801 |
Gigster Llc Software Development | 6/29/23 | $1,526,540 |
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 | $267,007 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $267,007 |
| Total Program Service Revenue | $165,071,818 |
| Investment income | $50,924,134 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $307,138,899 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $523,401,858 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $207,000 |
| Grants and other assistance to domestic individuals. | $40,197 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $97,245,600 |
| Compensation of current officers, directors, key employees. | $10,611,929 |
| Compensation of current officers, directors, key employees. | $4,219,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $19,025,543 |
| Pension plan accruals and contributions | $1,437,158 |
| Other employee benefits | $1,538,281 |
| Payroll taxes | $1,527,063 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $719,144 |
| Fees for services: Accounting | $473,334 |
| Fees for services: Lobbying | $56,002 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,211,945 |
| Fees for services: Other | $4,626,468 |
| Advertising and promotion | $118,560 |
| Office expenses | $845,829 |
| Information technology | $3,044,010 |
| Royalties | $0 |
| Occupancy | $2,678,459 |
| Travel | $448,998 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $603,957 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $808,046 |
| Insurance | $822,307 |
| All other expenses | $0 |
| Total functional expenses | $162,089,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $36,620,186 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,448,017 |
| 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 | $1,370,280 |
| Net Land, buildings, and equipment | $2,606,009 |
| Investments—publicly traded securities | $3,245,708,074 |
| Investments—other securities | $5,378,027,848 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,764,780,414 |
| Accounts payable and accrued expenses | $89,431,856 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $8,301,710,000 |
| Total liabilities | $8,391,141,856 |
| Net assets without donor restrictions | $0 |
| 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 | $373,638,558 |
| Total liabilities and net assets/fund balances | $8,764,780,414 |
Grants Awarded
Over the last fiscal year, Young Mens Christian Association Retirement Fund has awarded $207,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
ARMED SERVICES YMCA PURPOSE: SUPPORT GRANT | $100,000 |
YMCA OF THE USA PURPOSE: SUPPORT GRANT | $37,500 |
SPRINGFIELD COLLEGE YMCA PURPOSE: SUPPORT GRANT | $42,000 |
YMCA ALUMNI PURPOSE: SUPPORT GRANT | $15,000 |
FLORIDA STATE ALLIANCE OF YMCA'S PURPOSE: SUPPORT GRANT | $12,500 |