The Family Y
- Assets
- $3.7m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 188
- Location
- Goldsboro, NC
- Founding
- 12/1980
- Data as of
- 08/2023
- EIN
- 56-1285595
Organization Overview
The Family Y, operating under the name Goldsboro Family YMCA, is located in Goldsboro, NC. The organization was established in 1980. 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 08/2023, Goldsboro Family YMCA employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Goldsboro Family YMCA 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 08/2023, Goldsboro Family YMCA generated $3.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $3.6m during the year ending 08/2023. While expenses have increased by 2.4% per year over the past 7 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
AS A CAUSE-DRIVEN CHARITABLE ORGANIZATION, WE ARE COMMITTED TO STRENGTHENING THE FOUNDATIONS OF OUR COMMUNITY THROUGH A MISSION STATEMENT OF "PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL." WE CONTINUE TO EXPAND OUR FOOD PROGRAMS TO MEET THE SIGNIFICANT FOOD INSECURITY NEEDS WITHIN OUR COUNTY AND ALSO SURROUNDING COUNTIES. OUR COMMUNITY IMPACT WORK IN THE AREAS OF EARLY CHILDHOOD EDUCATION AND SCHOOL AGE CHILD CARE CONTINUE TO BE HIGH PRIORITIES FOR OUR ORGANIZATION. OUR ONGOING EFFORTS TO EXPLORE AND BUILD UPON LOCAL PARTNERSHIPS HAS US WELL-POSITIONED AS A TRUE COMMUNITY RESOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT: OUR Y IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD, AND WE CONTINUE TO SUPPORT YOUTH AND FAMILIES WITH CHILDCARE OPTIONS FOR ALL AGES ALL YEAR LONG. FOCUSING ON SOCIAL AND EMOTIONAL HEALTH, VALUES EDUCATION, SKILL DEVELOPMENT, AND RELATIONSHIP BUILDING LEADS TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS YOUTH AQUATICS INITIATIVES, YOUTH SPORTS, SUMMER DAY CAMP, AND Y AFTERSCHOOL, LICENSED THREE STAR PRESCHOOL, OFFER A RANGE OF LIFE SKILLS THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. OUR YMCA BELIEVES EVERY FAMILY SHOULD HAVE ACCESS TO SAFE AND AFFORDABLE PROGRAMS.
HEALTHY LIVING: OUR HEALTHY LIVING PROGRAMS ENCOURAGE INDIVIDUALS AND FAMILIES TO LEAD HEALTHIER LIFESTYLES. WE OFFER A WIDE RANGE OF FITNESS CLASSES, WELLNESS PROGRAMS, AND SPORTS ACTIVITIES. OUR GOAL IS TO IMPROVE THE OVERALL WELL-BEING OF OUR COMMUNITY MEMBERS BY PROMOTING PHYSICAL ACTIVITY, HEALTHY EATING, AND MENTAL WELLNESS.
SOCIAL RESPONSIBILITY: WE ARE COMMITTED TO MAKING A POSITIVE IMPACT ON OUR COMMUNITY THROUGH OUR SOCIAL RESPONSIBILITY INITIATIVES. THESE INCLUDE COMMUNITY OUTREACH PROGRAMS, VOLUNTEER OPPORTUNITIES, AND FINANCIAL ASSISTANCE FOR FAMILIES OR INDIVIDUALS IN NEED. WE BELIEVE IN FOSTERING A SENSE OF BELONGING AND ENSURING THAT EVERYONE HAS ACCESS TO OUR PROGRAMS AND SERVICES, REGARDLESS OF THEIR FINANCIAL SITUATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Vice-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Cvo - Past-Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $27,082 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $582,800 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $609,882 |
| Total Program Service Revenue | $2,523,290 |
| Investment income | $4,890 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,185,816 |
| 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. | $1,463,008 |
| Compensation of current officers, directors, key employees. | $219,451 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $110,544 |
| Payroll taxes | $111,344 |
| 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 | $53,355 |
| Advertising and promotion | $6,825 |
| Office expenses | $199,068 |
| Information technology | $21,459 |
| Royalties | $0 |
| Occupancy | $222,109 |
| Travel | $24,494 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $15,599 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $223,840 |
| Insurance | $70,601 |
| All other expenses | $349,454 |
| Total functional expenses | $3,556,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $345,158 |
| Savings and temporary cash investments | $77,639 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,585 |
| 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 | $6,626 |
| Net Land, buildings, and equipment | $3,082,852 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,760 |
| Total assets | $3,717,620 |
| Accounts payable and accrued expenses | $237,545 |
| Grants payable | $0 |
| Deferred revenue | $43,669 |
| 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 | $461,327 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $156,811 |
| Total liabilities | $899,352 |
| Net assets without donor restrictions | $2,738,337 |
| Net assets with donor restrictions | $79,931 |
| 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 | $3,717,620 |