Young Mens Christian Association Inc-Randolp-Asheboro
- Assets
- $4.8m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 199
- Location
- Asheboro, NC
- Founding
- 06/1971
- Data as of
- 12/2023
- EIN
- 56-0991786
Organization Overview
Young Mens Christian Association Inc-Randolp-Asheboro is located in Asheboro, NC. The organization was established in 1971. 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 Inc-Randolp-Asheboro employed 199 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Inc-Randolp-Asheboro 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 Inc-Randolp-Asheboro generated $2.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.6% each year. All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 2.6% 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
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTHY LIVING, PHYSICAL EDUCATION AND RECREATIONAL PROGRAMS FOR MEMBERS AND OTHER COMMUNITY GROUPS THROUGH PROGRAMS IN AQUATICS, HEALTH & WELLNESS (FITNESS), YOUTH AND ADULT SPORTS, YOUTH ACTIVITIES, SUMMER DAY CAMPS, AFTER SCHOOL FUN CLUBS AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary/director | OfficerTrustee | 2 | $0 |
Name Not Listed Vice President/director | OfficerTrustee | 2 | $0 |
Name Not Listed President/director | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer/director | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $35,075 |
| Membership dues | $0 |
| Fundraising events | $98,104 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $130,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,240 |
| Total Program Service Revenue | $2,123,694 |
| Investment income | $23,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $74,000 |
| Net Income from Fundraising Events | -$11,021 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,724 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,498,997 |
| 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. | $139,929 |
| Compensation of current officers, directors, key employees. | $48,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $806,136 |
| Pension plan accruals and contributions | $35,138 |
| Other employee benefits | $80,584 |
| Payroll taxes | $69,770 |
| 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 | $119,825 |
| Advertising and promotion | $38,451 |
| Office expenses | $2,772 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $164,675 |
| Travel | $18,159 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $19,043 |
| Interest | $79,306 |
| Payments to affiliates | $35,394 |
| Depreciation, depletion, and amortization | $250,127 |
| Insurance | $53,517 |
| All other expenses | $47,348 |
| Total functional expenses | $2,352,904 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $975,274 |
| Pledges and grants receivable | $17,000 |
| Accounts receivable, net | $27,873 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,758,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,410 |
| Total assets | $4,807,091 |
| Accounts payable and accrued expenses | $116,679 |
| Grants payable | $0 |
| Deferred revenue | $38,952 |
| 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 | $402,602 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,410 |
| Total liabilities | $586,643 |
| Net assets without donor restrictions | $4,152,210 |
| Net assets with donor restrictions | $68,238 |
| 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 | $4,807,091 |