Young Mens Christian Association Of South Florida Inc
- Assets
- $75.2m
- Revenue
- $65.0m
- Investments
- $5.2m
- Employees
- 2,701
- Location
- Fort Lauderdale, FL
- Founding
- 05/1945
- Data as of
- 12/2023
- EIN
- 59-0624464
Organization Overview
Young Mens Christian Association Of South Florida Inc is located in Fort Lauderdale, FL. The organization was established in 1945. 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 South Florida Inc employed 2,701 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of South Florida 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, Young Mens Christian Association Of South Florida Inc generated $65.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $59.1m during the year ending 12/2023. While expenses have increased by 3.2% per year over the past 8 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
COMMITTED TO STRENGTHENING COMMUNITY THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY WHILE PRACTICING JUDEO-CHRISTIAN PRINCIPLES THROUGH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY TIME THE YMCA BRINGS PARENTS AND CHILDREN TOGETHER FOR LIFE ENRICHING EXPERIENCES. WE BELIEVE THE YMCA CAN HELP IN STRENGTHENING RELATIONSHIPS IN FAMILIES BY PROVIDING FUN AND MEANINGFUL PROGRAMS AND ACTIVITIES. TIME TOGETHER AS A FAMILY IS VALUABLE; THE YMCA PROVIDES QUALITY PHYSICAL AND SOCIAL PROGRAMS AND ACTIVITIES, DESIGNED SPECIFICALLY FOR FAMILIES. ALL YMCA PROGRAMS PLACE A STRONG EMPHASIS ON FAMILY. ACTIVITIES ARE PLANNED THAT FOSTER UNDERSTANDING AND COMPANIONSHIP. (CONTINUED ON SCHEDULE O)
AQUATICS, COMMUNITY SERVICE AND SPORTS
HEALTH, WELL-BEING & FITNESS THE YMCA, THROUGH ITS VARIOUS FAMILY CENTERS, HAS A NETWORK OF PROGRAMS THAT FULFILL THE Y'S MISSION OF MIND, BODY, AND SPIRIT. PROGRAMS ARE DESIGNED TO IMPACT WELLNESS OF THE COMMUNITY AND INCLUDE FREE SEMINARS AND FITNESS EVALUATIONS. THE Y CONDUCTS HUNDREDS OF FREE HEALTH SCREENINGS YEARLY. EMPHASIS IS ON FAMILY WITH A FULL COMPLEMENT OF PROGRAMS FOR INDIVIDUALS SIX MONTHS TO SENIOR CITIZEN. MANY PARTICIPANTS ARE GIVEN THE OPPORTUNITY TO PARTICIPATE FREE OF CHARGE THROUGH FINANCIAL ASSISTANCE. (CONTINUED ON SCHEDULE O)
CAMP THE DAY CAMP THE YMCA OFFERS IS BOTH A RECREATIONAL AND LASTING EXPERIENCE OF PERSONAL ENRICHMENT. THE PROGRAM IS DESIGNED TO HELP CAMPERS BE AWARE OF THEIR BODIES AND FITNESS. THEY ARE ALSO STRUCTURED TO HELP YOUTH LEARN THE VALUE OF COOPERATION AND GAIN CONFIDENCE TO CHALLENGE THEMSELVES TO ACHIEVE PERSONAL GROWTH. THE YMCA PROVIDES A SAFE, CLEAN ENVIRONMENT AND A QUALITY PROGRAM IN WHICH THEIR CHILDREN CAN SPEND THEIR SUMMER AND SCHOOL DAYS OFF. WE OFFER A VALUABLE ALTERNATIVE TO CHILDREN STAYING HOME ALONE. OUR HOURS ARE FLEXIBLE (7:30 AM 6:00 PM). (CONTINUED ON SCHEDULE O)
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheryl A Woods CEO - President | Officer | 50 | $410,549 |
Tara Montenaro COO | Officer | 50 | $241,000 |
Jessica S Cohen CFO | Officer | 50 | $236,306 |
Desislava Angelova SVP Of Finance & Controller | 50 | $181,645 | |
Gabriel R Ochoa Senior VP Of Advancement | 50 | $162,173 | |
Jacqueline Roca Vice President Of Hr | 50 | $158,807 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
24 Hours Inc Janitorial Service | 12/30/23 | $1,489,636 |
Data Clique Inc Marketing/promotions | 12/30/23 | $639,500 |
Daxco Llc Acct/oper Softw Prov | 12/30/23 | $853,935 |
Traction Rec Technologies Membership Op. Soft. | 12/30/23 | $607,262 |
Milner Inc Equipment Leasing | 12/30/23 | $594,844 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $422,292 |
| Membership dues | $0 |
| Fundraising events | $1,230,747 |
| Related organizations | $0 |
| Government grants | $30,021,285 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,097,294 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,771,618 |
| Total Program Service Revenue | $29,620,014 |
| Investment income | $996,169 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $631,639 |
| Net Gain/Loss on Asset Sales | $1,019,193 |
| Net Income from Fundraising Events | -$320,831 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $64,981,339 |
| 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. | $945,447 |
| Compensation of current officers, directors, key employees. | $945,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,692,520 |
| Pension plan accruals and contributions | $990,974 |
| Other employee benefits | $1,132,272 |
| Payroll taxes | $2,578,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $350,655 |
| Fees for services: Accounting | $104,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,678,009 |
| Advertising and promotion | $916,622 |
| Office expenses | $0 |
| Information technology | $2,230,004 |
| Royalties | $0 |
| Occupancy | $5,248,763 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $132,403 |
| Interest | $786,256 |
| Payments to affiliates | $422,753 |
| Depreciation, depletion, and amortization | $1,754,352 |
| Insurance | $2,428,399 |
| All other expenses | $952,668 |
| Total functional expenses | $59,090,461 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,602,855 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $5,035,729 |
| Accounts receivable, net | $765,785 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,202,300 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,049,582 |
| Net Land, buildings, and equipment | $27,752,095 |
| Investments—publicly traded securities | $8,851,204 |
| Investments—other securities | $5,246,992 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,698,853 |
| Total assets | $75,205,395 |
| Accounts payable and accrued expenses | $2,540,315 |
| Grants payable | $0 |
| Deferred revenue | $7,483,871 |
| Tax-exempt bond liabilities | $8,750,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,522,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $37,296,776 |
| Net assets without donor restrictions | $31,715,738 |
| Net assets with donor restrictions | $6,192,881 |
| 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 | $75,205,395 |