Raritan Bay Area Young Mens Christian Association
- Assets
- $7.9m
- Revenue
- $8.3m
- Investments
- $0.0
- Employees
- 276
- Location
- Perth Amboy, NJ
- Founding
- 04/1934
- Data as of
- 12/2023
- EIN
- 22-1487390
Organization Overview
Raritan Bay Area Young Mens Christian Association is located in Perth Amboy, NJ. The organization was established in 1934. 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, Raritan Bay Area Young Mens Christian Association employed 276 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Raritan Bay Area Young Mens Christian Association 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, Raritan Bay Area Young Mens Christian Association generated $8.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. While expenses have increased by 4.4% 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 YMCA'S MISSION OR MOST SIGNIFICANT ACTIVITIES: THE YMCA IS DEDICATED TO BUILDING STRONG KIDS, STRONG FAMILIES, AND STRONG COMMUNITIES THROUGH PROGRAMS THAT DEVELOP THE VALUES OF CARING, HONESTY,RESPECT, AND RESPONSIBILITY. THE YMCA SERVES ALL PEOPLE REGARDLESS OF AGE, RELIGION, SEX, OR FINANCIAL MEANS AND IS COMMITTED TO DEVELOPING A HEALTHY MIND, BODY AND SPIRIT. THE RARITAN BAY AREA YMCA IS COMMITTED TO PROVIDING OUR LIFE-CHANGING SERVICES TO ALL HEALTH SEEKERS WHO DESIRE TO PARTICIPATE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE ALL KIDS HAVE GREAT POTENTIAL AND DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS PRESCHOOL AND SCHOOL AGE CHILD CARE, ALL DAY PRESCHOOL AND SUMMER DAY CAMP OFFER A RANGE OF EXPERIENCES THAT ENRICH SOCIAL, EMOTIONAL, COGNITIVE AND PHYSICAL GROWTH. EXPENSES INCLUDE DIRECT FINANCIAL ASSISTANCE THAT MAKES OUR SERVICES ACCESSIBLE TO EVERYONE IN OUR COMMUNITY.
HEALTHY LIVING THE Y IS COMMITTED TO IMPROVING AMERICA'S HEALTH AND WELL-BEING, COMMUNITY BY COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. OUR GOAL IS THAT ALL PEOPLE IN OUR COMMUNITY RECEIVE THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH CHRONIC DISEASE AND OBESITY, FAMILIES WRESTLE WITH WORK/LIFE BALANCE AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE AND OPEN TO ALL FAITHS, BACK-GROUNDS, ABILITIES AND INCOME LEVELS. WE PROVIDE FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE. EXPENSES INCLUDE DIRECT FINANCIAL ASSISTANCE THAT MAKE OUR SERVICES ACCESSIBLE TO EVERYONE IN OUR COMMUNITY. WE HAVE SPECIAL RATES FOR ACTIVE OLDER ADULTS AND YOUTH AND A FREE MEMBERSHIPS FOR THOSE IN OUR HOMELESSNESS PREVENTION PROGRAMS.
SOCIAL RESPONSIBILITY THE YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO THE COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR OVER ONE HUNDRED YEARS, BY DEVELOPING SKILLS THROUGH EDUCATION AND TRAINING, ADDRESSING EMOTIONAL WELL-BEING, PREVENTING CHRONIC DISEASE HELPING THE HOMELESS AND MOST VULNERABLE AND BUILDING A HEALTHIER COMMUNITY. THROUGH COLLABORATIONS WITH LOCAL PARTNERS WE PROVIDE SUPPORT TO THOSE IN NEED SUCH AS FOOD DISTRIBUTION, HOUSING PLACEMENT AND MUCH MORE. WE ACTIVATE RESOURCES AND ENGAGE PEOPLE FROM DIVERSE POPULATIONS FOR INDIVIDUAL AND COLLECTIVE ACTION TO DEVELOP SOLUTIONS TO THE KEY ISSUES FACING OUR COMMUNITY, COLLABORATE WITH POLICYMAKERS TO STRENGTHEN AND SUPPORT THE WELL-BEING OF OUR COMMUNITY, AND ENCOURAGE INVESTMENT IN OUR COMMUNITY. OUR DOORS ARE OPEN TO ALL MEMBERS OF OUR COMMUNITY AND WE PROVIDE FINANCIAL ASSISTANCE TO ENSURE THAT NO ONE IS TURNED AWAY DUE TO INABILITY TO PAY. WE ARE DEDICATED TO ADDRESSING THE NEEDS OF OUR COMMUNITY AS A CHARITABLE COMMUNITY SERVICE ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/director | OfficerTrustee | 4 | $0 |
Name Not Listed Chair/director | OfficerTrustee | 4 | $0 |
Name Not Listed Treasurer/director | OfficerTrustee | 4 | $0 |
Name Not Listed Vice Chair/director | OfficerTrustee | 4 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $127,092 |
| Related organizations | $0 |
| Government grants | $2,452,815 |
| All other contributions, gifts, grants, and similar amounts not included above | $71,396 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,651,303 |
| Total Program Service Revenue | $5,555,148 |
| Investment income | $100,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$30,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,276,453 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $133,966 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $403,610 |
| Compensation of current officers, directors, key employees. | $12,956 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,435,860 |
| Pension plan accruals and contributions | $130,748 |
| Other employee benefits | $297,424 |
| Payroll taxes | $360,860 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,200 |
| Fees for services: Accounting | $15,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,373 |
| Advertising and promotion | $46,748 |
| Office expenses | $38,931 |
| Information technology | $122,820 |
| Royalties | $0 |
| Occupancy | $308,268 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28 |
| Payments to affiliates | $57,726 |
| Depreciation, depletion, and amortization | $125,149 |
| Insurance | $79,051 |
| All other expenses | $326,717 |
| Total functional expenses | $6,891,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $184,980 |
| Savings and temporary cash investments | $4,726,432 |
| Pledges and grants receivable | $653,154 |
| Accounts receivable, net | $481,811 |
| 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 | $74,633 |
| Net Land, buildings, and equipment | $572,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,179,309 |
| Total assets | $7,872,981 |
| Accounts payable and accrued expenses | $439,709 |
| Grants payable | $0 |
| Deferred revenue | $834,140 |
| 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 | $78,712 |
| Total liabilities | $1,352,561 |
| Net assets without donor restrictions | $6,520,420 |
| 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 | $7,872,981 |