Ymca Of Catawba Valley
- Assets
- $28.0m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 576
- Location
- Hickory, NC
- Founding
- 04/1969
- Data as of
- 12/2023
- EIN
- 56-0928743
Organization Overview
Ymca Of Catawba Valley, operating under the name Ymca Of Catawba Valley Inc, is located in Hickory, NC. The organization was established in 1969. 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 Catawba Valley Inc employed 576 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Of Catawba Valley Inc 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 Catawba Valley Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $9.6m during the year ending 12/2023. While expenses have increased by 4.5% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION AT THE YMCA IS "TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL." WE OFFER FINANCIAL ASSISTANCE TO INDIVIDUALS AND FAMILIES SO PROGRAMS ARE ACCESSIBLE TO EVERY PERSON IN OUR COMMUNITY REGARDLESS OF AGE, GENDER, RELIGION, ETHNICITY OR ECONOMIC CIRCUMSTANCE. OUR PROGRAMS FOCUS ON FOUR CORE VALUES - CARING, HONESTY, RESPECT AND RESPONSIBILITY. WE IDENTIFY NEEDS WITHIN OUR COMMUNITY AND RESPOND TO THEM SO THAT THE ENTIRE COMMUNITY BENEFITS FROM OUR EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY LIFE ACTIVITIES ARE DRIVEN BY OUR MISSION TO BUILD SPIRIT, MIND AND BODY, OFFER A PLACE TO BELONG, PEOPLE WHO CARE, AND FUN, AS WELL AS TO PROVIDE EFFECTIVE SOLUTIONS TO SOCIAL PROBLEMS. FAMILY LIFE ACTIVITIES INCLUDE CHILD CARE (FULL-DAY INFANT, TODDLER, AND PRESCHOOL, PART DAY PRESCHOOL PROGRAMS, SCHOOL-AGE CHILD CARE FOR ELEMENTARY AND MIDDLE-SCHOOLERS, SUMMER DAY CAMP, AND HOLIDAY CAMP). THIS ALSO INCLUDES FAMILY PROGRAMMING (FAMILY MEMBERSHIP, FAMILY ACTIVITY PROGRAMS, FATHER/DAUGHTER DANCE, PARENTING SKILLS PROGRAMS, FOOD SERVICE PROGRAMS, AND TEEN CHARACTER AWARDS. REVENUES ABOVE INCLUDE A PRO-RATA PORTION OF MEMBERSHIP DUES TOTALING $2,899,819.
SPORTS PROGRAMS FOR ADULTS & CHILDREN ARE DRIVEN BY OUR MISSION TO BUILD SPIRIT, MIND, AND BODY, AND OFFER A PLACE TO BELONG, PEOPLE WHO CARE, AND FUN. THEY ALSO PROVIDE EFFECTIVE SOLUTIONS TO SOCIAL PROBLEMS. EXAMPLES INCLUDE ADULT LEAGUES, YOUTH BASEBALL AND SOFTBALL, YOUTH BASKETBALL, VOLLEYBALL, SOCCER, HOCKEY, FLAG FOOTBALL, AND TENNIS.REVENUES ABOVE INCLUDE A PRO-RATA PORTION OF MEMBERSHIP DUES TOTALING $400,967.
WELLNESS AND FITNESS PROGRAMS FOR ADULTS & CHILDREN ARE DRIVEN BY OUR MISSION TO BUILD SPIRIT, MIND AND BODY, OFFER A PLACE TO BELONG, PEOPLE WHO CARE, AND FUN, AS WELL AS, PROVIDE EFFECTIVE SOLUTIONS TO SOCIAL PROBLEMS. EXAMPLES INCLUDE GROUP EXERCISE, HEALTH RISK/LIFESTYLE ASSESMENT, FITNESS TESTING, PERSONAL FITNESS PROGRAMS FOR THOSE STARTING OUT, PERSONAL TRAINING, PROGRAMS FOR PEOPLE WITH DISABILITIES, AND YOUTH FITNESS, INCLUDING PRESCHOOL MOVEMENT, PARENT-CHILD, AND TEEN EXERCISE.REVENUES INCLUDE PRO-RATA PORTION OF MEMBERSHIP DUES WHICH TOTAL $222,508.
AQUATIC PROGRAMS FOR ADULTS & CHILDREN ARE DRIVEN BY OUR MISSION TO BUILD SPIRIT, MIND AND BODY, OFFER A PLACE TO BELONG, PEOPLE WHO CARE, AND FUN, AS WELL AS TO PROVIDE EFFECTIVE SOLUTIONS TO SOCIAL PROBLEMS. EXAMPLES INCLUDE WATER EXERCISE CLASSES AND ARTHRITIS CLASSES, YOUTH AND ADULT SWIM INSTRUCTION, CPR AND FIRST AID, CLASSES FOR PEOPLE WITH DISABILITIES, COMPETITIVE SWIMMING AND WATER POLO, AND LIFE GUARDING INSTRUCTION.REVENUES ABOVE INCLUDE A PRO-RATA PORTION OF MEMBERSHIP DUES TOTALING $297,362.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Franklin Director | Trustee | 0.5 | $0 |
Amy Guyer Director | Trustee | 0.5 | $0 |
David Burleson Director | Trustee | 0.5 | $0 |
Gabriela R DE Boer Director | Trustee | 0.5 | $0 |
John Teeter Director | Trustee | 0.5 | $0 |
Hal Huffman Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David E Looper Company Inc Renovations / Construction | 12/30/23 | $906,850 |
Matthews Construction Renovations / Construction | 12/30/23 | $1,402,499 |
Holland And Hamrick Architects Pa Architect Fees For Renovations | 12/30/23 | $687,484 |
Duke Energy Utilities | 12/30/23 | $204,636 |
Patton Cleaning Cleaning Services | 12/30/23 | $228,657 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $747 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,241,487 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,293,449 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,535,683 |
| Total Program Service Revenue | $7,457,826 |
| Investment income | $399,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $565,250 |
| Net Income from Fundraising Events | $2,155 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,482 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,969,895 |
| 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. | $420,367 |
| Compensation of current officers, directors, key employees. | $420,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,216,945 |
| Pension plan accruals and contributions | $210,323 |
| Other employee benefits | $277,326 |
| Payroll taxes | $350,517 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $900 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,202 |
| Fees for services: Other | $0 |
| Advertising and promotion | $34,135 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $182,562 |
| Travel | $44,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,101 |
| Interest | $4,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $895,818 |
| Insurance | $159,223 |
| All other expenses | $894,236 |
| Total functional expenses | $9,632,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,369,711 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,965,690 |
| 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 | $19,000 |
| Net Land, buildings, and equipment | $10,588,921 |
| Investments—publicly traded securities | $5,080,673 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,002,874 |
| Total assets | $28,026,869 |
| Accounts payable and accrued expenses | $706,693 |
| Grants payable | $0 |
| Deferred revenue | $211,461 |
| 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 | $2,168,633 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,086,787 |
| Net assets without donor restrictions | $18,321,949 |
| Net assets with donor restrictions | $6,618,133 |
| 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 | $28,026,869 |