Summit Area Ymca is located in Summit, NJ. The organization was established in 1953. 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, Summit Area YMCA employed 720 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Summit Area 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, Summit Area YMCA generated $18.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $16.6m during the year ending 12/2023. While expenses have increased by 3.0% 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 MISSION OF THE SUMMIT AREA YMCA IS TO STRENGTHEN THE FOUNDATIONS OF COMMUNITY BY NURTURING AND DEVELOPING THE POTENTIAL OF EVERY CHILD, PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT - WE OFFER CAMP TO CHILDCARE TO AFTER SCHOOL ACTIVITIES TO SPORTS FOR CHILDREN AND TEENS. CHILDCARE AND EARLY LEARNING PROGRAMS AT THE Y FOCUS ON CHILD DEVELOPMENT BY BUILDING FOUNDATIONAL SKILLS, FOSTERING HEALTHY RELATIONSHIPS, AND BOOSTING SELF-RELIANCE. WE PROVIDE A SAFE, NURTURING ENVIRONMENT FOR 750+ CHILDREN AGED SIX WEEKS TO 12 YEARS TO LEARN, GROW AND DEVELOP SOCIAL SKILLS IN OUR CHILDCARE PROGRAMS. OUR LEADERSHIP AND ACADEMIC ENRICHMENT PROGRAMS HELP STUDENTS BUILD SKILLS AND CONFIDENCE. THE SUMMIT AREA YMCA OFFERS DAY CAMPS THAT ARE SAFE, EXCITING PLACES FOR YOUNG PEOPLE TO EXPLORE THE OUTDOORS, BUILD SELF-ESTEEM, DEVELOP INTERPERSONAL SKILLS, AND BUILD RELATIONSHIPS.
HEALTHY LIVING - AT THE SUMMIT AREA YMCA, WE BELIEVE HEALTH AND FITNESS ARE VITAL COMPONENTS OF INDIVIDUAL WELL-BEING. WE AIM TO IMPROVE THE HEALTH OF OUR COMMUNITY MEMBERS BY PROVIDING PROGRAMS AND ACTIVITIES THAT PROMOTE OVERALL WELLNESS, NO MATTER WHERE YOU ARE ON YOUR JOURNEY TOWARD BETTER HEALTH. WE BELIEVE WHEN PEOPLE FEEL THEIR BEST AND HAVE FULFILLING LIFESTYLES, THEIR COMMUNITIES BECOME STRONGER, TOO. THE Y BRINGS FAMILIES CLOSER TOGETHER, ENCOURAGES HEALTHY HABITS, AND FOSTERS CONNECTIONS THROUGH EXERCISE, SPORTS, FUN, AND SHARED INTERESTS. THE SUMMIT AREA YMCA CONTINUES TO DEMONSTRATE ITS COMMITMENT TO BRINGING HEALTHY LIVING WITHIN REACH OF ALL PEOPLE AND INSPIRING EACH OTHER TO BE THE BEST VERSION OF OURSELVES. IN 2023, WE SERVED OVER 10,000 MEMBERS OF OUR COMMUNITY WITHIN OUR FITNESS CENTERS, GROUP FITNESS CLASSES, POOLS, SPORTS LEAGUES, WELLNESS EVENTS, CHRONIC DISEASE PREVENTION AND RECOVERY PROGRAMS. OUR FACILITIES PROVIDE AN ENVIRONMENT FOCUSED ON BUILDING PERSONAL STRENGTH, ENDURANCE, AND CONFIDENCE. WE PROVIDE A WIDE RANGE OF RECREATIONAL ACTIVITIES AND WE STRIVE TO STRENGTHEN THE BOND BETWEEN TRADITIONAL HEALTHCARE AND COMMUNITY-BASED PREVENTATIVE STRATEGIES TO HELP PREVENT CHRONIC DISEASE AND IMPROVE OUR LOCAL COMMUNITIES.
SOCIAL RESPONSIBILITY - IN ADDITION TO WELLNESS, CHILDCARE, EDUCATION, AND CAMP, THE Y PROVIDES A WIDE RANGE OF ACCESSIBLE PROGRAMS AND SERVICES TO MEET THE NEEDS OF THE COMMUNITIES WE SERVE. WE WORK TO PROVIDE KIDS, FAMILIES, AND COMMUNITIES WITH THE RESOURCES AND OPPORTUNITIES THEY NEED TO LEARN, GROW, AND THRIVE. WE WELCOME PEOPLE OF ALL GENERATIONS AND BACKGROUNDS AND OUR OFFERINGS OF FREE COMMUNITY RESOURCES AND PROGRAMMING IS EXTENSIVE. ADDITIONALLY, WE PROVIDE ASSISTANCE TO INDIVIDUALS AND FAMILIES FOR Y PROGRAMS, ESSENTIAL RESOURCES, MEALS, AND SUPPLIES. THE YMCA ALSO BRINGS DIVERSE PEOPLE TOGETHER TO TACKLE SOCIAL ISSUES. WE ADDRESS THE SOCIETY'S MOST CRITICAL NEEDS BY DEVELOPING COMMUNITY-BASED SOLUTIONS AND INSPIRING A SPIRIT OF SERVICE. BY MOTIVATING PEOPLE, CREATING A CULTURE OF VOLUNTEERISM, AND PARTNERING WITH OTHER LIKE-MINDED ORGANIZATIONS TO ADDRESS COMMUNITY NEEDS, WE STRIVE TO CREATE MORE COHESIVE COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Maria Brugg Chair | OfficerTrustee | 5 | $0 |
Lisa Nelson Grennon Vice Chair & Treasurer | OfficerTrustee | 5 | $0 |
Gregory Fernicola Secretary | OfficerTrustee | 5 | $0 |
Mary Lin Trustee | Trustee | 1 | $0 |
Michael Colon Trustee | Trustee | 1 | $0 |
Michael Lombardo Trustee | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Vericon Construction Company Renovations | 12/30/23 | $3,575,997 |
Simpson Roofing Llc Roof Replacement | 12/30/23 | $213,785 |
Mario's Home Contractors Llc Roof Replacement | 12/30/23 | $142,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $387,368 |
Related organizations | $0 |
Government grants | $847,194 |
All other contributions, gifts, grants, and similar amounts not included above | $1,633,626 |
Noncash contributions included in lines 1a–1f | $111,742 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,868,188 |
Total Program Service Revenue | $15,235,932 |
Investment income | $361,246 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $108,933 |
Net Gain/Loss on Asset Sales | $36,200 |
Net Income from Fundraising Events | -$118,387 |
Net Income from Gaming Activities | $68,564 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,645,238 |
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. | $1,191,230 |
Compensation of current officers, directors, key employees. | $209,637 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $7,416,594 |
Pension plan accruals and contributions | $541,192 |
Other employee benefits | $831,371 |
Payroll taxes | $629,819 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $133,738 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $239,765 |
Advertising and promotion | $0 |
Office expenses | $198,422 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,186,554 |
Travel | $193,353 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $45,460 |
Interest | $544,107 |
Payments to affiliates | $231,739 |
Depreciation, depletion, and amortization | $1,351,971 |
Insurance | $211,555 |
All other expenses | $12,608 |
Total functional expenses | $16,560,902 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,050 |
Savings and temporary cash investments | $3,268,374 |
Pledges and grants receivable | $687,735 |
Accounts receivable, net | $67,965 |
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 | $175,207 |
Net Land, buildings, and equipment | $31,485,269 |
Investments—publicly traded securities | $11,110,583 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,187,337 |
Total assets | $47,984,520 |
Accounts payable and accrued expenses | $1,565,747 |
Grants payable | $0 |
Deferred revenue | $857,264 |
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 | $12,640,991 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,393,919 |
Total liabilities | $16,457,921 |
Net assets without donor restrictions | $21,072,836 |
Net assets with donor restrictions | $10,453,763 |
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 | $47,984,520 |