Young Mens Christian Association Of Olean Ny And Bradford Pa
- Assets
- $20.1m
- Revenue
- $10.7m
- Investments
- $2.6m
- Employees
- 674
- Location
- Olean, NY
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 16-0743241
Organization Overview
Young Mens Christian Association Of Olean Ny And Bradford Pa, operating under the name YMCA of the Twin Tiers, is located in Olean, NY. The organization was established in 1973. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2023, YMCA of the Twin Tiers employed 674 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA of the Twin Tiers 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, YMCA of the Twin Tiers generated $10.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $10.2m during the year ending 12/2023. While expenses have increased by 5.1% 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 YOUNG MEN'S CHRISTIAN ASSOCIATION OF OLEAN, NY AND BRADFORD, PA (YMCA) IS A NOT-FOR-PROFIT ASSOCIATION ORGANIZED FOR THE IMPROVEMENT OF THE SPIRITUAL, MENTAL, SOCIAL AND PHYSICAL WELL-BEING OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT PROGRAM DESCRIPTION:THE YMCA OFFERS LOW-COST, QUALITY PROGRAMS THAT SUPPORT AND STRENGTHEN FAMILIES AND DEVELOP THE CHARACTER OF THOSE INVOLVED, INCLUDING PRE-SCHOOL, AFTER-SCHOOL ENRICHMENT PROGRAMS, CHILD CARE, DAY CAMPS, PARENT-CHILD PROGRAMS AND YOUTH LEADERSHIP PROGRAMS THAT PROVIDE WHAT ARE OFTEN LIFE-CHANGING EXPERIENCES.
HEALTHY LIVING PROGRAM DESCRIPTION:THE YMCA IS ONE OF THE ONLY HEALTH AND WELLNESS ORGANIZATIONS WHERE FAMILIES CAN PURSUE HEALTHY HABITS TOGETHER. YMCA MEMBERSHIP AND PROGRAM PARTICIPATION IS AFFORDABLE AND OPEN TO ALL WITH FINANCIAL ASSISTANCE AVAILABLE FOR THOSE WHO CANNOT AFFORD THE FULL FEE.
SOCIAL RESPONSIBILITY PROGRAM DESCRIPTION:THE YMCA BELIEVES THAT BUILDING CITIZEN LEADERS OF ALL AGES RESULTS IN A HEALTHIER, SAFER AND WELCOMING COMMUNITY. LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR ALL AGES ARE AVAILABLE AT THE YMCA. THE YMCA IS ITSELF COMMITTED TO ACTING IN A LEADERSHIP CAPACITY AS A COMMUNITY CONVENER, INTEGRATING ITS EFFORTS WITH DOZENS OF COMMUNITY PARTNERSHIPS THROUGHOUT THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Townsend CEO | Officer | 40 | $147,398 |
Brenda Threehouse CFO | Officer | 40 | $113,607 |
William Leven Director | Trustee | 1 | $0 |
Jack Emrick Chair | OfficerTrustee | 1 | $0 |
Ann Marie Wright Vice Chair | OfficerTrustee | 1 | $0 |
Beth Palumbo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,272,208 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,325,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,598,182 |
| Total Program Service Revenue | $3,461,385 |
| Investment income | $165,197 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $176,887 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,054 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,660,235 |
| 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. | $279,052 |
| Compensation of current officers, directors, key employees. | $13,953 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,592,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $914,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $522,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $10,892 |
| Office expenses | $564,755 |
| Information technology | $37,849 |
| Royalties | $0 |
| Occupancy | $817,384 |
| Travel | $158,449 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $254,842 |
| Payments to affiliates | $105,699 |
| Depreciation, depletion, and amortization | $722,817 |
| Insurance | $155,462 |
| All other expenses | $0 |
| Total functional expenses | $10,171,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,335,511 |
| Savings and temporary cash investments | $432,912 |
| Pledges and grants receivable | $1,587,158 |
| Accounts receivable, net | $0 |
| 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 | $25,289 |
| Net Land, buildings, and equipment | $12,753,315 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,582,191 |
| Investments—program-related | $0 |
| Intangible assets | $354,729 |
| Other assets | $0 |
| Total assets | $20,071,105 |
| Accounts payable and accrued expenses | $1,169,338 |
| Grants payable | $0 |
| Deferred revenue | $248,080 |
| 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 | $5,073,968 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,491,386 |
| Net assets without donor restrictions | $12,535,613 |
| Net assets with donor restrictions | $1,044,106 |
| 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 | $20,071,105 |