Young Men & Womens Christian Assn Of Newark & Vicinity
- Assets
- $9.0m
- Revenue
- $10.6m
- Investments
- $959.8k
- Employees
- 229
- Location
- Newark, NJ
- Founding
- 05/1955
- Data as of
- 12/2023
- EIN
- 22-1552820
Organization Overview
Young Men & Womens Christian Assn Of Newark & Vicinity, operating under the name YMCA of Newark and Vicinity, is located in Newark, NJ. The organization was established in 1955. 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, YMCA of Newark and Vicinity employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA of Newark and Vicinity 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 Newark and Vicinity generated $10.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $9.9m during the year ending 12/2023. While expenses have increased by 1.1% per year over the past 8 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
SINCE 1881, THE NEWARK YMCA HAS SERVED THE COMMUNITY THROUGH AN ARRAY OF SERVICES AND IS KNOWN FOR DELIVERING INNOVATIVE AND EFFECTIVE PROGRAMS TO ADDRESS LOCAL NEEDS. THROUGHOUT OUR HISTORY, THE NEWARK YMCA HAS WORKED CLOSELY WITH SCHOOLS, FAMILIES AND COMMUNITY LEADERS TO IDENTIFY AND RESPOND TO COMMUNITY NEEDS, IN AN EFFORT TO SERVE ALL FAMILIES IN A CULTURALLY RESPONSIVE WAY, WITH A PARTICULAR EMPHASIS ON THOSE WHO HAVE NOT BEEN PREVIOUSLY CONNECTED WITH COMMUNITY PROGRAMS. THE NEWARK YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF YOUTH, PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOCIAL RESPONSIBILITY: LAST YEAR, 1808 PEOPLE FOUND SAFE, SUPPORTIVE SHELTER AT THE Y; OF THIS NUMBER, MORE THAN 806 WERE CHILDREN. THE YMCA PROVIDES SHELTER, FOOD PANTRY, COUNSELING, AND REFERRALS. OUR YOUTH SHELTER OFFERS COUNSELING, LIFE SKILLS TRAINING, EDUCATION, AND OTHER CRITICAL SUPPORT TO TEENS IN CRISIS. YES AND ERC HAVE PROVIDED LIFE-CHANGING SERVICES TO MORE THAN 60 YOUTH OVER THE PAST YEAR. NURTURING CASEWORKERS HELP YOUTH GET BACK TO SCHOOL, RE-ESTABLISH FAMILY BONDS, AND MEET THEIR GOALS. RECENT EVALUATIONS SHOW THAT WE WERE ABLE TO CONNECT 90% OF YOUTH WITH AN EDUCATIONAL PROGRAM OR TUTORING SERVICES. OUR YMCA ASSISTED 270 RESIDENTS IN OUR SUPPORTIVE HOUSING PROGRAM. THIS PROGRAM PROVIDES PERMANENT HOUSING TO CHRONICALLY HOMELESS FAMILIES AND INDIVIDUALS. THIS PROGRAM PROVIDES EACH ADULT WITHIN THE FAMILY WITH NECESSARY ON-SITE SERVICES THAT ARE DETERMINED TO BE NECESSARY BASED ON INDIVIDUAL NEEDS ASSESSMENTS. THE PROGRAM GOAL IS TO DECREASE THE CURRENT LEVEL OF RECIDIVISM OF HOMELESSNESS.
YOUTH DEVELOPMENT: THE YMCA OPERATES AFTERSCHOOL AND CAMP PROGRAMS IN HUDSON AND ESSEX COUNTIES. IN 2023, THE YMCA SERVED 1174 KIDS IN THE AFTERSCHOOL AND SUMMER DAY CAMP PROGRAMS IN HUDSON AND ESSEX COUNTIES. THE NEWARK YMCA IS A QUALIFIED PROVIDER SERVING CHILDREN AND FAMILIES WITH DISABILITIES THROUGH THE NEW JERSEY DEPARTMENT OF CHILDREN AND FAMILIES. OUR CAMP LINWOOD MACDONALD PROVIDES SUPERB ENVIRONMENTAL EDUCATION AND RECREATIONAL PROGRAMS IN A RESIDENTIAL CAMP. THIS PAST YEAR, THE YMCA PROVIDED RESIDENTIAL CAMP SERVICES TO 2550 CAMPERS.
HEALTHY LIVING: WE HAVE NOT OPENED TRADITIONAL MEMBERSHIP SINCE COVID19, BUT WE STILL WERE ABLE TO SERVE 625 KIDS WITH YOUTH SPORTS AND RECREATIONAL SERVICES. OVER 100 KIDS WERE TAUGHT SWIMMING AND WATER SAFETY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 5 | $0 |
Name Not Listed Vice Chairman | OfficerTrustee | 5 | $0 |
Name Not Listed Chairperson | OfficerTrustee | 5 | $0 |
Name Not Listed Secretary | OfficerTrustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Name Not Listed Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Your Part-time Controller Llc Consulting Services | 12/30/23 | $195,140 |
Us Security Associates Security Services | 12/30/23 | $135,582 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $192,178 |
| Related organizations | $0 |
| Government grants | $8,143,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,009,508 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,345,159 |
| Total Program Service Revenue | $1,168,382 |
| Investment income | $23,545 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $36,248 |
| Net Gain/Loss on Asset Sales | $7,352 |
| Net Income from Fundraising Events | -$81,595 |
| Net Income from Gaming Activities | $640 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,613,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $200 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,800 |
| Compensation of current officers, directors, key employees. | $203,886 |
| Compensation to disqualified persons | $13,420 |
| Other salaries and wages | $4,297,523 |
| Pension plan accruals and contributions | $293,024 |
| Other employee benefits | $191,777 |
| Payroll taxes | $461,210 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,861 |
| Fees for services: Accounting | $59,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,619 |
| Fees for services: Other | $1,315,107 |
| Advertising and promotion | $3,871 |
| Office expenses | $126,285 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $653,769 |
| Travel | $51,218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,035 |
| Interest | $0 |
| Payments to affiliates | $93,509 |
| Depreciation, depletion, and amortization | $474,887 |
| Insurance | $245,554 |
| All other expenses | $78,399 |
| Total functional expenses | $9,852,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262,510 |
| Savings and temporary cash investments | $698,093 |
| Pledges and grants receivable | $2,485,466 |
| 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 | $116,816 |
| Net Land, buildings, and equipment | $3,651,268 |
| Investments—publicly traded securities | $813,874 |
| Investments—other securities | $959,768 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,961 |
| Total assets | $9,026,756 |
| Accounts payable and accrued expenses | $939,394 |
| Grants payable | $0 |
| Deferred revenue | $48,180 |
| 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 | $2,644,962 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $475,096 |
| Total liabilities | $4,107,632 |
| Net assets without donor restrictions | $3,259,902 |
| Net assets with donor restrictions | $1,659,222 |
| 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 | $9,026,756 |