Young Mens Christian Association Of Akron Ohio
- Assets
- $27.4m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 1,181
- Location
- Akron, OH
- Founding
- 02/1934
- Data as of
- 12/2020
- EIN
- 34-0714727
Organization Overview
Young Mens Christian Association Of Akron Ohio is located in Akron, OH. 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 12/2020, Young Mens Christian Association Of Akron Ohio employed 1,181 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of Akron Ohio 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 12/2020, Young Mens Christian Association Of Akron Ohio generated $12.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $13.5m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL. THE AKRON AREA YMCA WILL BECOME THE REGIONAL LEADER IN BUILDING STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 EARLY CARE AND EDUCATION AND BEFORE AND AFTER SCHOOL EXCELLENCE OFFER A RANGE OF EXPERIENCES THAT ENRICH SOCIAL-EMOTIONAL, COGNITIVE AND PHYSICAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION FOR 100 % OF THE YOUNG PEOPLE WE ENGAGE.
OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 100 YEARS. Y PROGRAMS, SUCH AS, OUR PHOENIX SCHOOL AND OUR NEIGHBORHOOD LEADERSHIP INSTITUTE OF SUMMIT COUNTY, ARE EXAMPLES OF HOW WE DELIVER TRAINING RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. IN 2020, WE ENGAGED 31,815 YMCA MEMBERS, PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.
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. AS A RESULT, 31,815 PEOPLE IN OUR COMMUNITY ARE RECEIVING 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, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2020, WE PROVIDED $599,912 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Summa Property Management Rent | 12/30/20 | $185,938 |
Innovation Food Services Food Purchases | 12/30/20 | $137,656 |
Schmid Mechanical Inc Mechanical Contractor | 12/30/20 | $110,346 |
Jules And Associates Inc Financing | 12/30/20 | $105,875 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $250,900 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,562,489 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,821,389 |
| Total Program Service Revenue | $9,901,708 |
| Investment income | $1,100 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,891 |
| Net Rental Income | $148,496 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $86,327 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,623 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,987,882 |
| 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. | $213,364 |
| Compensation of current officers, directors, key employees. | $27,401 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,530,752 |
| Pension plan accruals and contributions | $324,013 |
| Other employee benefits | $521,274 |
| Payroll taxes | $16,867 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,630 |
| Fees for services: Accounting | $26,300 |
| Fees for services: Lobbying | $3,576 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $626,554 |
| Advertising and promotion | $113,696 |
| Office expenses | $181,005 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,815,748 |
| Travel | $150,963 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,688 |
| Interest | $160,892 |
| Payments to affiliates | $152,031 |
| Depreciation, depletion, and amortization | $1,358,018 |
| Insurance | $123,462 |
| All other expenses | $0 |
| Total functional expenses | $13,514,739 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,621,979 |
| Savings and temporary cash investments | $673,331 |
| Pledges and grants receivable | $83,290 |
| Accounts receivable, net | $164,487 |
| 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 | $63,270 |
| Net Land, buildings, and equipment | $24,760,378 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $27,366,735 |
| Accounts payable and accrued expenses | $438,816 |
| Grants payable | $0 |
| Deferred revenue | $633,674 |
| 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 | $3,648,929 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,721,419 |
| Net assets without donor restrictions | $15,878,451 |
| Net assets with donor restrictions | $6,766,865 |
| 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 | $27,366,735 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Young Mens Christian Association Of Akron Ohio has recieved totaling $370,123.
| Awarding Organization | Amount |
|---|---|
Summa Health Group Return Akron, OH PURPOSE: PREVENTION, WELLNESS, ACCESS TO CARE AND HEALTH DISPARITIES | $120,000 |
United Way Of Summit And Medina Akron, OH PURPOSE: DONOR DESIGNATIONS AND GRANT ALLOCATIONS | $111,188 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $50,000 |
Akron Community Foundation Akron, OH PURPOSE: TO SUPPORT THE 2021 AKRON AREA YMCA CELEBRATION AT THE SKY WRITER LEVEL IN HONOR OF ACF BOARD SECRETARY & YMCA BOARD MEMBER, BRET TREIER | $40,350 |
Mary S & David C Corbin Foundation Akron, OH PURPOSE: LICENSED CARE AND EDUCATION | $25,000 |
Barberton Community Foundation Barberton, OH PURPOSE: HEALTH AND WELLNESS ACTIVITIES | $15,827 |
Endowment Analysis
| Beg. Balance | $1,160,164 |
| Ending Balance | $1,160,164 |