Binghamton Broome County Y M C A
- Assets
- $3.6m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 229
- Location
- Binghamton, NY
- Founding
- 08/1944
- Data as of
- 12/2023
- EIN
- 15-0532282
Organization Overview
Binghamton Broome County Y M C A is located in Binghamton, NY. The organization was established in 1944. 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, Binghamton Broome County Y M C A employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Binghamton Broome County Y M C A 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, Binghamton Broome County Y M C A generated $2.9m 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 (4.5%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) 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
THE BROOME COUNTY YMCA IS A PUBLIC CHARITY THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOME, RACES, AND RELIGIONS. OUR MISSION IS: TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING - THE BROOME COUNTY YMCA VIEWS HEALTH HOLISTICALLY: A HEALTHY PERSON HAS UNITY OF BODY, MIND AND SPIRIT. THE YMCA HAS IDENTIFIED THE GROWING NATIONAL OBESITY RATES IN THIS COUNTRY AS A CRITICAL SOCIAL ISSUE THAT MUST BE ADDRESSED. OUR HEALTH AND WELL BEING PROGRAMS ARE DESIGNED TO HELP PEOPLE DEVELOP NEW SKILLS AND GROW IN SPIRIT, MIND AND BODY BY SETTING REALISTIC GOALS FOR SELF IMPROVEMENT AND DISEASE PREVENTION. THIS IS ACHIEVED THROUGH AN ACTIVE LIFESTYLE, PROPER NUTRITION, STRESS MANAGEMENT AND HEALTH EDUCATION. BROOME COUNTY YMCA PROGRAMS PROMOTE INTERACTION, TEAMWORK AND THE DEVELOPMENT OF MORAL AND ETHICAL BEHAVIOR, SOCIAL SKILLS AND SELF ESTEEM. WE SERVE ALL AGES, ABILITIES, RACES, NATIONALITIES AND RELIGIONS AND PROVIDE FINANCIAL ASSISTANCE TO THOSE WHO NEED IT.
YOUTH DEVELOPMENT & CHILDCARE - THE BROOME COUNTY YMCA YOUTH, TEEN, AND FAMILY PROGRAMS GIVE CHILDREN POSITIVE ROLE MODELS TO HELP THEM DEVELOP SELF-ESTEEM AND GOOD VALUES, INCLUDING COOPERATION, RESPECT, GOOD CITIZENSHIP, AND STRONG WORK ETHIC. YMCA FAMILY PROGRAMS ALLOW FAMILIES AN OPPORTUNITY TO LEARN AND GROW TOGETHER IN A NON COMPETITIVE ENVIRONMENT. THE BROOME COUNTY YMCA DAY CAMP PROVIDES A LASTING EXPERIENCE OF PERSONAL ENRICHMENT. CAMP OFFERS ADVENTURE AND LEARNING ACTIVITIES THAT PROVIDE A CHALLENGE AND PROMOTE MENTAL DEVELOPMENT, PHYSICAL WELL BEING, SOCIAL GROWTH, AND CAPABILITIES. THE YMCA PROVIDES HIGH QUALITY CHILD CARE BY OFFERING COMPREHENSIVE ACTIVITIES FOR INFANT, PRESCHOOL AND SCHOOL AGE CHILDREN. THE PROGRAMS ATTRACT AND SERVE ALL MEMBERS OF OUR DIVERSE COMMUNITY. YOUTH AQUATIC PROGRAM HELP CHILDREN ADJUST TO THE AQUATIC ENVIRONMENT MAKING THEM SAFE IN THE WATER AND TEACH LIFE LONG SKILLS. YMCA FAMILY PROGRAMS ALLOW FAMILIES AN OPPORTUNITY TO LEARN AND GROW TOGETHER IN A NON COMPETITIVE ENVIRONMENT. WOVEN INTO THE FABRIC OF THE YMCA MISSION IS A COMMITMENT TO STRENGTHENING FAMILIES. WE PROVIDE FINANCIAL ASSISTANCE TO ALL IN NEED.
HOUSING & HOMELESS SERVICES - THE BROOME COUNTY YMCA OFFERS HOUSING ON A TRANSITIONAL AND TEMPORARY BASIS FOR LOW INCOME AND HOMELESS MEN. THE PURPOSE IS TO PROVIDE A WHOLESOME, SUPPORTIVE ENVIRONMENT, TO ASSIST AND IMPROVE THE BASIC LIVING SKILLS OF OUR CLIENTS. A VARIETY OF SERVICES THAT INCLUDE ADVISING, RECREATIONAL, AND INTERVENTIONAL ARE PROVIDED TO THE MEN. MANY OF OUR RESIDENTS ARE INVOLVED IN DRUG AND ALCOHOL COUNSELING AND THE YMCA MAINTAINS A DRUG AND ALCOHOL FREE ENVIRONMENT TO LIVE IN. THE YMCA OFFERS SAFE, CLEAN, NO COST SHELTER FOR ADULT MALES 18 YEARS OF AGE AND OVER. SUPPORT SERVICES ARE AVAILABLE FOR ALL INDIVIDUALS SO THEY CAN GET BACK ON THEIR FEET AND BECOME PRODUCTIVE MEMBERS OF SOCIETY AGAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President | OfficerTrustee | 0.5 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 0.5 | $0 |
Name Not Listed Vice President | OfficerTrustee | 0.5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Name Not Listed Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $253,875 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $373,254 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,964 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $872,093 |
| Total Program Service Revenue | $2,009,022 |
| Investment income | $5,920 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $26,864 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,920,902 |
| 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. | $173,668 |
| Compensation of current officers, directors, key employees. | $22,577 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,691,033 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147,911 |
| Payroll taxes | $175,934 |
| 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 | $108,395 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $567,820 |
| Travel | $191 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,408 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $331,005 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,475,705 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $843,160 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,820 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $71,230 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,195 |
| Net Land, buildings, and equipment | $1,416,231 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,275,429 |
| Total assets | $3,622,065 |
| Accounts payable and accrued expenses | $325,693 |
| Grants payable | $0 |
| Deferred revenue | $2,130,216 |
| 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 | $0 |
| Total liabilities | $2,455,909 |
| Net assets without donor restrictions | $1,156,156 |
| Net assets with donor restrictions | $10,000 |
| 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 | $3,622,065 |