Young Mens Christian Association Of Watertown Ny Inc
- Assets
- $39.3m
- Revenue
- $10.4m
- Investments
- $669.8k
- Employees
- 407
- Location
- Watertown, NY
- Founding
- 08/1977
- Data as of
- 12/2023
- EIN
- 15-0559207
Organization Overview
Young Mens Christian Association Of Watertown Ny Inc, operating under the name Watertown Family Ymca, is located in Watertown, NY. The organization was established in 1977. 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, Watertown Family YMCA employed 407 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watertown Family YMCA 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, Watertown Family YMCA generated $10.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $6.4m during the year ending 12/2023. While expenses have increased by 3.0% per year over the past 7 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 WATERTOWN FAMILY YMCA'S MISSION IS TO STREGTHEN INDIVIDUALS AND THE COMMUNITY. THE WATERTOWN FAMILY YMCA PROVIDES HEALTH AND WELLNESS, EDUCATIONAL, SENIOR AND CHILDCARE PROGRAMS WHICH SUPPORT THE STRENGTHENING OF FAMILIES AND HEALTHY DEVELOPMENT OF CHILDREN. THE WATERTOWN FAMILY YMCA STRIVES TO CREATE A SENSE OF COMMUNITY THROUGH THE INVOLVEMENT OF INDIVIDUALS AND FAMILIES OF ALL AGES, ABILITIES, INCOMES AND RACES. YMCA PROGRAMS AND MEMBERSHIPS ARE SUPPORTED BY A FINANCIAL ASSISTANCE PROGRAM CALLED GATEWAY WHICH ALLOWS EVERY MEMBER OF OUR COMMUNITY TO PARTICIPATE REGARDLESS OF THEIR ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH AND WELLNESS BRANCH - THE FOCUS OF THE HEALTH AND WELLNESS BRANCH IS TO OFFER OPPORTUNITIES FOR EVERYONE IN THE FAMILY TO BE ACTIVE IN A SAFE ENVIRONMENT OPEN TO ALL. PROGRAMS ARE DESIGNED TO PROMOTE HEALTHY LIFESTYLES, DEVELOP SPECIFIC SKILLS, TEACH STRONG CHARACTER VALUES AND ENCOURAGE THE DEVELOPMENT OF FRIENDSHIPS. THIS BRANCH OPERATES OUT OF FOUR FACILITIES.
YOUTH DEVELOPMENT BRANCH- THE FOCUS OF THE YOUTH DEVELOPMENT BRANCH IS THE OFFERING OF LICENSED CHILDCARE PROGRAMMING FOR YOUTH AGES 3 MONTHS TO 12 YEARS OLD AND DEVELOPMENT PROGRAMMING FOR YOUTH AGES 10-17. PROGRAMMING IS DEVELOPED TO ENSURE A SAFE ENVIRONMENT, CHARACTER AND SELF ESTEEM BUILDING PROGRAM, ACTIVE PLAY AND ACADEMIC UPGRADING. MOST PROGRAMS ARE STATE LICENSED WITH OFFICE OF FAMILY AND CHILDREN'S SERVICES. FUNDING SUPPORT FOR PROGRAMMING IS RECEIVED FROM ARMED SERVICES YMCA OF THE USA, THE DEPARTMENT OF DEFENSE, YOUTH BUREAU OF JEFFERSON COUNTY. THE BRANCH OPERATES OUT OF THREE UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leslie Distefano Member | Trustee | 1 | $0 |
James Corriveau Member | Trustee | 1 | $0 |
Jeffrey Fallon Treasurer | OfficerTrustee | 1 | $0 |
Kevin Jordan Member | Trustee | 1 | $0 |
Keith Perry Secretary | OfficerTrustee | 1 | $0 |
Eric Duah Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bernier Carr & Associates Engineers A | 12/30/23 | $366,192 |
Purcell Construction Corporation | 12/30/23 | $14,120,312 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,950,119 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,035,156 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,985,275 |
| Total Program Service Revenue | $4,512,724 |
| Investment income | $177,475 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$415,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,441,881 |
| 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. | $180,612 |
| Compensation of current officers, directors, key employees. | $99,156 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,503,034 |
| Pension plan accruals and contributions | $28,269 |
| Other employee benefits | $248,355 |
| Payroll taxes | $250,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,080 |
| Fees for services: Accounting | $40,963 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,570 |
| Advertising and promotion | $0 |
| Office expenses | $505,145 |
| Information technology | $105,453 |
| Royalties | $0 |
| Occupancy | $203,919 |
| Travel | $70,581 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $116 |
| Interest | $41,838 |
| Payments to affiliates | $99,786 |
| Depreciation, depletion, and amortization | $533,176 |
| Insurance | $147,289 |
| All other expenses | $47,445 |
| Total functional expenses | $6,449,499 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,502,017 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,322,727 |
| Accounts receivable, net | $64,892 |
| 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 | $279,504 |
| Net Land, buildings, and equipment | $31,319,603 |
| Investments—publicly traded securities | $1,518,957 |
| Investments—other securities | $669,751 |
| Investments—program-related | $0 |
| Intangible assets | $115,722 |
| Other assets | $513,993 |
| Total assets | $39,307,166 |
| Accounts payable and accrued expenses | $2,864,405 |
| Grants payable | $0 |
| Deferred revenue | $603,429 |
| 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 | $10,854,693 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $525,532 |
| Total liabilities | $14,848,059 |
| Net assets without donor restrictions | $23,384,047 |
| Net assets with donor restrictions | $1,075,060 |
| 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 | $39,307,166 |