Eastern Carolina Young Mens Christian Association Inc
- Assets
- $6.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 370
- Location
- New Bern, NC
- Founding
- 08/1980
- Data as of
- 12/2023
- EIN
- 58-1402035
Organization Overview
Eastern Carolina Young Mens Christian Association Inc, operating under the name Twin Rivers Ymca, is located in New Bern, 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 12/2023, Twin Rivers YMCA employed 370 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Twin Rivers 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 12/2023, Twin Rivers YMCA generated $5.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.1% each year. All expenses for the organization totaled $5.5m during the year ending 12/2023. While expenses have increased by 8.8% 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 HEALTHY SPIRIT, MIND, AND BODY FOR ALL. WE STRENGTHEN THE COMMUNITY BY NURTURING THE POTENTIAL OF OUR YOUTH, PROMOTING HEALTHY LIVING FOR ALL, AND FOSTERING SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING: IMPROVING THE NATION'S HEALTH AND WELL-BEING. OUR HEALTH AND WELLNESS ACTIVITIES ARE DESIGNED TO PROMOTE HEALTHY LIFESTYLES WHICH WILL IMPROVE OUR COMMUNITY'S OVERALL HEALTH AND WELL-BEING AND TO ACHIEVE THEIR PERSONAL HEALTH GOALS. WE HAD 2,723 MEMBERS THAT CAN PARTICIPATE IN OVER 15 DIFFERENT GROUP ACTIVITY CLASSES THAT ARE OFFERED WEEKLY. THROUGH FUNDRAISING EFFORTS, WE PROVIDED $110,100 IN FINANCIAL ASSISTANCE TO OUR MEMBERS, AND 10% OF ALL MEMBERS RECEIVED SOME FINANCIAL ASSISTANCE.
YOUTH DEVELOPMENT: NURTURING THE POTENTIAL OF CHILDREN AND TEENS. CHILDREN FROM LOW-INCOME FAMILIES OFTEN START SCHOOL UNPREPARED. DESPITE PROGRESSING AT THE SAME RATES AS THEIR PEERS DURING THE SCHOOL YEARS, GAPS WIDEN EACH SUMMER AND THESE CHILDREN FALL FURTHER BEHIND. THIS IS KNOWN AS THE "ACHIEVEMENT GAP." THE Y'S ACHIEVEMENT GAP PROGRAMS ARE DESIGNED TO SUPPORT THE COGNITIVE PHYSICAL AND SOCIAL-EMOTIONAL DEVELOPMENT OF YOUTH WHILE IMPROVING THEIR ACADEMIC OUTCOMES VIA SUMMER LEARNING, AND AFTERSCHOOL LEARNING. ALL THIS WHILE BUILDING SELF-CONFIDENCE, SELF-ESTEEM, GOOD SPORTSMANSHIP, TEAMWORK, AND FAIR PLAY. THROUGH FUNDRAISING AND DEDICATED STAFF SUPPORT, WE AWARDED $100,595 IN FINANCIAL ASSISTANCE FOR OUT-OF-SCHOOL PROGRAMS AND SUMMER DAY CAMP. OUR AFTERSCHOOL PROGRAM HAD 1,793 UNDUPLICATED PARTICIPANTS FOR THE YEAR, WHILE OUR SUMMER DAY CAMPS HAD 644 UNDUPLICATED PARTICIPANTS.
SOCIAL RESPONSIBILITY: GIVING BACK AND PROVIDING SUPPORT TO NEIGHBORS. THE Y RESPONDS TO PRESSING SOCIAL ISSUES NATIONWIDE AND WORLDWIDE BY ACTIVATING RESOURCES AND UNITING PEOPLE FROM DIVERSE BACKGROUNDS FOR INDIVIDUAL AND COLLECTIVE ACTION. THROUGH THE Y'S VOLUNTEER PROGRAM, THOUSANDS OF VOLUNTEER HOURS AS YOUTH SPORTS COACHES, WATER SAFETY VOLUNTEERS, FUNDRAISING VOLUNTEERS, AND POLICY VOLUNTEERS WORK TO BENEFIT OUR COMMUNITY. TO STRENGTHEN OUR CAPACITY TO ENGAGE, ADVOCATE FOR, AND SERVE ALL MEMBERS OF OUR CHANGING COMMUNITY, PARTICULARLY THOSE WHO ARE MOST MARGINALIZED. WE HAD (DUPLICATED) 490 VOLUNTEERS COMPRISING 3,011 HOURS OF SERVICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer/director | OfficerTrustee | 2 | $0 |
Name Not Listed Secretary/director | OfficerTrustee | 2 | $0 |
Name Not Listed Chief Volunteer Officer/director | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $55,950 |
| Related organizations | $0 |
| Government grants | $628,643 |
| All other contributions, gifts, grants, and similar amounts not included above | $431,954 |
| Noncash contributions included in lines 1a–1f | $5,194 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,116,547 |
| Total Program Service Revenue | $3,780,115 |
| Investment income | $25,042 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $6,652 |
| Net Gain/Loss on Asset Sales | -$24,300 |
| Net Income from Fundraising Events | $7,158 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,393 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,955,113 |
| 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. | $252,916 |
| Compensation of current officers, directors, key employees. | $12,645 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,373,626 |
| Pension plan accruals and contributions | $118,950 |
| Other employee benefits | $171,820 |
| Payroll taxes | $193,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,815 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296,215 |
| Advertising and promotion | $43,872 |
| Office expenses | $22,218 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $794,313 |
| Travel | $25,857 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,281 |
| Interest | $19,313 |
| Payments to affiliates | $58,626 |
| Depreciation, depletion, and amortization | $315,702 |
| Insurance | $167,005 |
| All other expenses | $85,722 |
| Total functional expenses | $5,539,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,178,103 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,654 |
| Accounts receivable, net | $9,987 |
| 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 | $4,332,204 |
| Investments—publicly traded securities | $75,125 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $969,904 |
| Total assets | $6,668,977 |
| Accounts payable and accrued expenses | $122,436 |
| Grants payable | $0 |
| Deferred revenue | $4,725 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,001,472 |
| Total liabilities | $1,128,633 |
| Net assets without donor restrictions | $5,423,961 |
| Net assets with donor restrictions | $116,383 |
| 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 | $6,668,977 |