Young Mens Christian Association Of South Palm Beach County Inc
- Assets
- $21.3m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 585
- Location
- Boca Raton, FL
- Founding
- 02/1973
- Data as of
- 12/2023
- EIN
- 59-1416281
Organization Overview
Young Mens Christian Association Of South Palm Beach County Inc is located in Boca Raton, FL. The organization was established in 1973. 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 Palm Beach County Inc employed 585 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 Palm Beach County 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 Palm Beach County Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $14.5m during the year ending 12/2023. While expenses have increased by 3.5% 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
THE YMCA, (THE 'Y') HAS BEEN A PIONEER THROUGHOUT ITS 180-YEAR HISTORY, HELPING STRENGTHEN COMMUNITIES, KEEPING ABREAST OF CRITICAL NEEDS, AND (CONTINUED ON SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING: THE Y IS A LEADING VOICE IN IMPROVING THE NATION'S HEALTH AND WELL-BEING AND PLAYS A SIGNIFICANT ROLE IN IMPROVING THE HEALTH OF OUR COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE HEALTHY HABITS AND FOSTER CONNECTIONS THROUGH WELLNESS, SPORTS, ENRICHMENT AND SHARED INTERESTS. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRIVE FOR A POSITIVE WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. AS A MEMBERSHIP-BASED ORGANIZATION, WELLNESS PROGRAMS ARE AT THE CORE OF OUR PROGRAMMING. (CONTINUED ON SCHEDULE O)
OTHER
YOUTH DEVELOPMENT: OUR Y IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT IS WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR Y FOCUSES ON YOUTH DEVELOPMENT PROGRAMS SUCH AS YOUTH SPORTS, AFTER- SCHOOL CARE, AQUATICS, PRESCHOOL AND SPECIAL NEEDS PROGRAMMING FOR INDIVIDUALS WITH DISABILITIES. THESE PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. (CONTINUED ON SCHEDULE O)
SOCIAL RESPONSIBILITY: OUR Y BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR OVER 51 YEARS. Y PROGRAMS AND VOLUNTEER OPPORTUNITIES ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. IN 2023, WE ENGAGED OVER 39,400 Y MEMBERS, PARTICIPANTS, VOLUNTEERS AND COMMUNITY PARTNERS IN ACTIVITIES THAT STRENGTHEN OURSELVES, OUR COMMUNITIES, AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE. (CONTINUED ON SCHEDULE O)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Hagensick President/ceo | Officer | 49 | $285,732 |
Gary Flaks Vice President/cfo | Officer | 49 | $248,356 |
Barry Davis Executive Director | 50 | $129,079 | |
Bryan Hunt Executive Director | 50 | $114,308 | |
Jackie Reeves Chair | OfficerTrustee | 1 | $0 |
Hank Jackson Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gerrits Construction Inc Building Development | 12/30/23 | $294,810 |
Egym Inc New Equpment | 12/30/23 | $296,843 |
Campany Roof Maintenance Roofing Di Roof Services/repair | 12/30/23 | $229,955 |
24 Hours Inc Cleaning Services | 12/30/23 | $218,077 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $423,221 |
| Related organizations | $59,445 |
| Government grants | $1,779,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,471,779 |
| Noncash contributions included in lines 1a–1f | $39,384 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,733,601 |
| Total Program Service Revenue | $10,923,334 |
| Investment income | $78,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,348 |
| Net Income from Fundraising Events | -$80,306 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,673,923 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $142,511 |
| 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. | $612,546 |
| Compensation of current officers, directors, key employees. | $81,384 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,222,425 |
| Pension plan accruals and contributions | $475,506 |
| Other employee benefits | $397,834 |
| Payroll taxes | $485,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $52,756 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $704,627 |
| Advertising and promotion | $202,352 |
| Office expenses | $1,034,210 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,214,285 |
| Travel | $263,348 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,863 |
| Interest | $394,998 |
| Payments to affiliates | $231,797 |
| Depreciation, depletion, and amortization | $977,771 |
| Insurance | $497,315 |
| All other expenses | $0 |
| Total functional expenses | $14,476,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,140,753 |
| Savings and temporary cash investments | $20 |
| Pledges and grants receivable | $566,460 |
| Accounts receivable, net | $155,784 |
| 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 | $334,804 |
| Net Land, buildings, and equipment | $12,644,719 |
| Investments—publicly traded securities | $2,852,979 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $577,705 |
| Total assets | $21,273,224 |
| Accounts payable and accrued expenses | $684,667 |
| Grants payable | $0 |
| Deferred revenue | $827,779 |
| Tax-exempt bond liabilities | $3,112,383 |
| 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 | $610,216 |
| Total liabilities | $5,235,045 |
| Net assets without donor restrictions | $15,700,697 |
| Net assets with donor restrictions | $337,482 |
| 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 | $21,273,224 |