Young Mens Christian Association Of Akron Ohio
- Assets
- $28.7m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 1,236
- Location
- Akron, OH
- Founding
- 02/1934
- Data as of
- 12/2021
- 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 12/2023, Young Mens Christian Association Of Akron Ohio employed 1,236 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 12/2021, Young Mens Christian Association Of Akron Ohio generated $17.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $15.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
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:
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.
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, 33,300 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 2022, WE PROVIDED $744,800 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE.
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 150 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 2021, WE ENGAGED 35,990 YMCA MEMBERS, PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Innovation Food Services Food Purchases | 12/30/21 | $0 |
Jules And Associates Inc Financing | 12/30/21 | $0 |
Schmid Mechanical Inc Mechanical Contractor | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $215,191 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $36,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,220,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,471,923 |
| Total Program Service Revenue | $10,845,224 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,699 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $387,481 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $14,752 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,984,808 |
| 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. | $214,424 |
| Compensation of current officers, directors, key employees. | $4,203 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,805,532 |
| Pension plan accruals and contributions | $326,039 |
| Other employee benefits | $419,261 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,261 |
| Fees for services: Accounting | $27,700 |
| Fees for services: Lobbying | $2,861 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $507,451 |
| Advertising and promotion | $119,559 |
| Office expenses | $171,445 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,779,289 |
| Travel | $174,689 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,994 |
| Interest | $122,401 |
| Payments to affiliates | $164,962 |
| Depreciation, depletion, and amortization | $1,869,294 |
| Insurance | $122,886 |
| All other expenses | $0 |
| Total functional expenses | $14,986,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,565,950 |
| Savings and temporary cash investments | $582,548 |
| Pledges and grants receivable | $3,246 |
| Accounts receivable, net | $314,701 |
| 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 | $95,397 |
| Net Land, buildings, and equipment | $23,034,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,096,175 |
| Total assets | $28,692,796 |
| Accounts payable and accrued expenses | $473,484 |
| Grants payable | $0 |
| Deferred revenue | $246,476 |
| 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 | $3,695,058 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,415,018 |
| Net assets without donor restrictions | $17,740,159 |
| Net assets with donor restrictions | $6,537,619 |
| 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 | $28,692,796 |