Young Mens Christian Association Of High Point
- Assets
- $29.0m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 537
- Location
- High Point, NC
- Founding
- 12/1942
- Data as of
- 12/2021
- EIN
- 56-0530014
Organization Overview
Young Mens Christian Association Of High Point is located in High Point, NC. The organization was established in 1942. 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 12/2021, Young Mens Christian Association Of High Point employed 537 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of High Point 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 High Point generated $9.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $7.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL. THE YMCA IS AN INCLUSIVE ORGANIZATION THAT SERVES ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. REGARDLESS OF THE INDIVIDUAL'S ABILITY TO PAY, THE YMCA PROVIDES PROGRAMS AND SERVICES FOCUSED ON YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. GOVERNED BY A BOARD OF DIRECTORS COMPRISED OF LOCAL VOLUNTEERS, THE YMCA SERVES AS A COMMUNITY RESOURCE FOR YOUTH, ADULTS, SENIORS AND FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A. HEALTHY LIVING FOR ALL - THE YMCA PROMOTES INTERACTION, TEAMWORK, AND DEVELOPMENT OF MORAL AND ETHICAL BEHAVIOR, SOCIAL SKILLS AND POSITIVE SELF-ESTEEM. THE YMCA SERVES A CROSS SECTION OF OUR COMMUNITY AND CONTRIBUTES BACK TO THE ECONOMIC CAPACITY OF EVERY CITIZEN. DURING 2021, THE YMCA, LIKE ALL OTHER ORGANIZATIONS, WORKED DILIGENTLY WITH THE COMMUNITY AMIDST THE COVID-19 PANDEMIC AND THE BEGINNING OF THE RECOVERY. IN 2021, THE YMCA SERVED OVER 438 CHILDREN AND ADULTS IN SWIM LESSONS, OVER 1,305 CHILDREN AND ADULTS IN TEAM SPORTS, OVER 240 CHILDREN PER DAY IN SUMMER DAY CAMP, OVER 425 CHILDREN DAILY IN AFTER-SCHOOL PROGRAMS, AND OVER 200 CAMPERS PARTICIPATED IN FAMILY CAMPS THROUGH OUR CAMP CHEERIO PROGRAMS, ETC. THE YMCA ALSO SUPPORTED WELLNESS THROUGH VIRTUAL CLASSES AND OUTDOOR EXERCISE. PRIOR TO COVID-19 RESTRICTIONS, THE YMCA ALSO SERVED OVER 200 ADULTS AT WEEKLY BIBLE STUDY AT NO COST.
B. NEIGHBORHOOD AND COMMUNITY SERVICES: THE YMCA COLLABORATED WITH COMMUNITY AGENCIES, CHURCHES, AND MUNICIPALITIES IN 2021 TO THE EXTENT ALLOWED WITH COVID-19. WHILE MANY USUAL ACTIVITIES WERE NOT ABLE TO BE HELD, THE YMCA DID PARTICIPATE IN THE MARTIN LUTHER KING, JR. PARADE AS WELL AS SUPPORTED THE COMMUNITY BY CONTACTING OVER 600 SENIORS WEEKLY, COLLECTING OVER 500 UNITS OF BLOOD AT 12 BLOOD DRIVES, PROVIDED REMOTE LEARNING TO OVER 160 CHILDREN, AND PROVIDED CHILDCARE FOR ESSENTIAL WORKERS TO OVER 80 CHILDREN. IN TOTAL, OVER 13,800 PEOPLE WERE SERVED BY YMCA PROGRAMS AND SERVICES IN 2021. ADDITIONALLY, OVER $75,000 WAS PROVIDED BY THE YMCA IN DIRECT SUBSIDY TO SUPPORT LOW-INCOME HOUSEHOLDS. THESE DOLLARS PROVIDED ACCESS TO PROGRAMS, FACILITY MEMBERSHIP, SPECIAL EVENTS, AND COMMUNITY CELEBRATIONS. THE YMCA ALSO PROVIDED FACILITY SPACE AND ATHLETIC FIELD SPACE TO CHURCHES, SCHOOL GROUPS, AND COMMUNITY GROUPS. OVER 80 HOURS OF FACILITY TIME WAS DONATED TO NON-YMCA GROUPS FOR PURPOSES OF SERVING OUR COMMUNITY.
PAYMENT TO AFFILIATED ORGANIZATIONS
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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 |
|---|---|---|
Lisa K Miles Horses | 12/30/21 | $102,000 |
Timothy J Evans Building Construction | 12/30/21 | $161,453 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $184,245 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $50,000 |
| Government grants | $1,181,869 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,136,001 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,552,115 |
| Total Program Service Revenue | $6,901,348 |
| Investment income | $5,414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $310,172 |
| Net Gain/Loss on Asset Sales | -$57,634 |
| Net Income from Fundraising Events | $49,715 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $57,454 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,881,519 |
| 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. | $663,498 |
| Compensation of current officers, directors, key employees. | $427,402 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,227,542 |
| Pension plan accruals and contributions | $174,053 |
| Other employee benefits | $185,135 |
| Payroll taxes | $299,628 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $402,591 |
| Advertising and promotion | $48,607 |
| Office expenses | $1,176,003 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,324,085 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,132 |
| Interest | $124,008 |
| Payments to affiliates | $37,997 |
| Depreciation, depletion, and amortization | $1,420,299 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,694,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,465 |
| Savings and temporary cash investments | $8,343,943 |
| Pledges and grants receivable | $1,277,733 |
| Accounts receivable, net | $1,698,432 |
| 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 | $59,388 |
| Net Land, buildings, and equipment | $17,541,217 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $29,029,178 |
| Accounts payable and accrued expenses | $264,224 |
| Grants payable | $0 |
| Deferred revenue | $1,030,604 |
| 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 | $3,167,588 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $108,465 |
| Total liabilities | $4,570,881 |
| Net assets without donor restrictions | $19,291,366 |
| Net assets with donor restrictions | $5,166,931 |
| 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 | $29,029,178 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Young Mens Christian Association Of High Point has recieved totaling $425,284.
| Awarding Organization | Amount |
|---|---|
Earl And Kathryn Congdon Family Foundation Wilmington, DE PURPOSE: CARL CHAVIS YMCA CAPITAL CAMPAIGN IMPROVEMENTS | $200,000 |
United Way Of Greater High Point Inc High Point, NC PURPOSE: YOUTH PROGRAM SCHOLARSHIPS: AFTERSCHOOL/SUMMER PROGRAMS; CHILDCARE AND DESIGNATIONS; CAMP; MINORITY ACHIEVERS/TEEN PROGRAM; MEMBERSHIP SCHOLARSHIPS | $165,284 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $10,000 |
Endowment Analysis
| Beg. Balance | $784,626 |
| Net Contributions | $57,102 |
| Ending Balance | $841,728 |