The Young Mens Christian Association Of The Triangle Area I
- Assets
- $276.3m
- Revenue
- $111.7m
- Investments
- -$2.6k
- Employees
- 6,111
- Location
- Raleigh, NC
- Founding
- 05/1956
- Data as of
- 12/2023
- EIN
- 56-0591307
Organization Overview
The Young Mens Christian Association Of The Triangle Area I is located in Raleigh, NC. The organization was established in 1956. 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 The Triangle Area I employed 6,111 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of The Triangle Area I 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, Young Mens Christian Association Of The Triangle Area I generated $111.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $107.9m during the year ending 12/2023. While expenses have increased by 3.7% 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.
Since 2015, Young Mens Christian Association Of The Triangle Area I has awarded 26 individual grants totaling $8,853,282. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF THE TRIANGLE AREA, INC. IS AN ASSOCIATION OF ALL AGES, ABILITIES, INCOMES, RACES, AND RELIGIONS. OUR MISSION IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH PROGRAMS: THE YMCA OF THE TRIANGLE AREA PROVIDES QUALITY YOUTH DEVELOPMENT PROGRAMS. THESE PROGRAMS EMPHASIZE BUILDING SELF-ESTEEM AND DEVELOPING CHARACTER THROUGH PROGRAMS THAT BUILD SPIRIT, MIND, AND BODY. CHRISTIAN PRINCIPLES ARE MODELED BY STAFF, AND CHILDREN PARTICIPATE IN A VARIETY OF ENRICHMENT ACTIVITIES, INCLUDING PHYSICAL FITNESS PROGRAMS, AQUATICS, SPORTS, AND CRAFTS. ACTIVITIES ARE DESIGNED TO TEACH CARING, RESPECT, RESPONSIBILITY, HONESTY, SELF-CONFIDENCE, AND FAITH IN GOD. THIS YEAR 15,146 CHILDREN PARTICIPATED IN BEFORE SCHOOL, AFTER SCHOOL, AND TRACK OUT PROGRAMS. FINANCIAL ASSISTANCE WAS PROVIDED TO 1,401 PARTICIPANTS IN THESE PROGRAMS. THIS YEAR 14,108 CHILDREN PARTICIPATED IN REGULAR YMCA FULL AND HALF-DAY SUMMER CAMPS WITH FINANCIAL ASSISTANCE PROVIDED TO 867 PARTICIPANTS. THIS YEAR THERE WERE 7,758 PARTICIPANTS IN VARIOUS YOUTH SPORTS PROGRAMS. TEAMWORK, SPORTSMANSHIP, COOPERATION, AND RESPECT FOR OTHERS ARE PRIMARY GOALS OF THE PROGRAMS. IMPROVED PHYSICAL FITNESS AND THE DEVELOPMENT OF INDIVIDUAL SKILLS ARE OTHER SIGNIFICANT GOALS. THERE WERE 1,572 SWIM TEAM PARTICIPANTS THIS YEAR. IN SPECIALIZED DAY CAMPS, 1,638 YOUTH WERE SERVED, AND 3,457 YOUTH WERE SERVED IN ACADEMIC TUTORIAL PROGRAMS. Y-GUIDES IS A PROGRAM DEDICATED TO BUILDING STRONG RELATIONSHIPS BETWEEN FATHERS AND THEIR CHILDREN. 9,308 YOUTH PARTICIPATED IN THIS PROGRAM. YMCA YOUTH AND GOVERNMENT IS A STATE-WIDE NC PROGRAM FOR TEENS THAT DEVELOPS THE UNDERSTANDING OF LEGISLATURE AND GOVERNMENT, CULMINATING IN A CONFERENCE HELD EACH FEBRUARY. 633 YOUTH PARTICIPATED THIS YEAR.
ADULT/MEMBERSHIP PROGRAMS: THE YMCA OF THE TRIANGLE AREA IS DEDICATED TO BUILDING HEALTHY SPIRIT, MIND, AND BODY OF CHILDREN, ADULTS, AND FAMILIES. MEMBERSHIP OFFERS PARTICIPANTS OPPORTUNITIES TO IMPROVE THEIR HEALTH AND WELLBEING THROUGH ACTIVITIES THAT FOCUS ON AND PROMOTE PHYSICAL FITNESS AND HEALTHY LIFESTYLES. OUR WELLNESS-BASED FITNESS PROGRAMS HELP PEOPLE SET GOALS FOR THEIR FITNESS AND PROMOTE HEALTH AND IMPROVED WELLBEING. MEMBERSHIP PROGRAM ELEMENTS INCLUDE NUTRITION, STRESS MANAGEMENT, CHRONIC DISEASE SUPPORT, AND HEALTH EDUCATION. ACTIVITIES INCLUDE GROUP FITNESS, WATER FITNESS, STRENGTH TRAINING, GROUP TRAINING, AND VARIOUS ADULT SPORTS. THE Y HAS 154,811 MEMBERS, INCLUDING 12,917 INDIVIDUALS WHO RECEIVE FINANCIAL ASSISTANCE TO ENABLE THEM TO BE MEMBERS OF THE Y. THE NUMBER OF PROGRAM VOLUNTEERS WHO DONATED THEIR TIME TO FURTHER THE Y'S MISSION WAS 2,111.
OVERNIGHT CAMP: CAMP SEA GULL, CAMP SEAFARER, AND CAMP KANATA PROVIDE CHILDREN AND TEENS OPPORTUNITIES TO SET GOALS, DEVELOP SPECIALIZED LAND AND SEAMANSHIP SKILLS, LEARN INDEPENDENCE AND DECISION-MAKING SKILLS, AND DEVELOP LIFE-LONG FRIENDSHIPS THROUGH AN OVERNIGHT CAMPING EXPERIENCE WITH OTHERS FROM DIFFERENT GEOGRAPHIC AREAS, MULTI-CULTURAL BACKGROUNDS, AND VARIOUS RELIGIOUS AFFILIATIONS. CHARACTER DEVELOPMENT IS PRINCIPAL OBJECTIVE OF THE PROGRAMS INCLUDE TEACHING THE VALUES OF CARING, RESPECT, RESPONSIBILITY, HONESTY, FAITH IN GOD, SELF-CONFIDENCE, COURAGE, CONSIDERATION, COOPERATION, AND INTEGRITY. THROUGH INTENTIONALLY DESIGNED PROGRAM ELEMENTS, CAMPERS LEARN THE IMPORTANCE OF STRONG VALUES BASED ON CHRISTIAN PRINCIPLES. THIS YEAR 6,739 PARTICIPANTS ATTENDED VARIOUS OVERNIGHT CAMP PROGRAMS WITH FINANCIAL ASSISTANCE PROVIDED TO 476 OVERNIGHT CAMPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 2 | $0 |
Name Not Listed Chair | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Del Sol Painting Llc Painting | 12/30/23 | $236,507 |
Workshop Media Llc Digital Media Services | 12/30/23 | $212,498 |
Spg Plumbing Plumbing Services | 12/30/23 | $194,068 |
Adolph Kiefer & Associates Llc Pool Services | 12/30/23 | $142,956 |
Synergy Technical Llc It Support | 12/30/23 | $128,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $679,957 |
| Government grants | $1,438,038 |
| All other contributions, gifts, grants, and similar amounts not included above | $16,688,833 |
| Noncash contributions included in lines 1a–1f | $3,187,569 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,806,828 |
| Total Program Service Revenue | $87,641,788 |
| Investment income | $581,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $952,428 |
| Net Gain/Loss on Asset Sales | $1,833,855 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $300,860 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $111,709,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,540,556 |
| Grants and other assistance to domestic individuals. | $5,670 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,846,090 |
| Compensation of current officers, directors, key employees. | $1,199,958 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,841,288 |
| Pension plan accruals and contributions | $2,394,272 |
| Other employee benefits | $3,616,953 |
| Payroll taxes | $3,672,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,368 |
| Fees for services: Accounting | $97,614 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,026 |
| Fees for services: Other | $6,005,066 |
| Advertising and promotion | $920,718 |
| Office expenses | $2,194,296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,436,047 |
| Travel | $1,060,620 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $426,388 |
| Interest | $1,335,474 |
| Payments to affiliates | $536,615 |
| Depreciation, depletion, and amortization | $7,481,576 |
| Insurance | $1,856,816 |
| All other expenses | $0 |
| Total functional expenses | $107,941,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,125,442 |
| Savings and temporary cash investments | $10,344,661 |
| Pledges and grants receivable | $7,695,767 |
| Accounts receivable, net | $20,384,232 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $256,305 |
| Prepaid expenses and deferred charges | $1,603,495 |
| Net Land, buildings, and equipment | $160,709,378 |
| Investments—publicly traded securities | $22,941,085 |
| Investments—other securities | -$2,637 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $43,208,714 |
| Total assets | $276,266,442 |
| Accounts payable and accrued expenses | $7,256,582 |
| Grants payable | $0 |
| Deferred revenue | $35,148,023 |
| Tax-exempt bond liabilities | $36,831,184 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,020,997 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,725,169 |
| Total liabilities | $111,981,955 |
| Net assets without donor restrictions | $123,471,853 |
| Net assets with donor restrictions | $40,812,634 |
| 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 | $276,266,442 |
Grants Awarded
Over the last fiscal year, The Young Mens Christian Association Of The Triangle Area I has awarded $1,528,090 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FIDELITY INVESTMENTS CHARITABLE GIFT FUND PURPOSE: GENERAL SUPPORT | $1,515,090 |
NATIONAL COUNCIL OF YMCAS OF THE USA PURPOSE: GENERAL SUPPORT | $6,000 |
YMCA BLUE RIDGE ASSEMBLY PURPOSE: GENERAL SUPPORT | $7,000 |