Ymca Of Memphis & The Mid-South
- Assets
- $71.9m
- Revenue
- $49.4m
- Investments
- $0.0
- Employees
- 2,818
- Location
- Cordova, TN
- Founding
- 10/1944
- Data as of
- 12/2023
- EIN
- 62-0476304
Organization Overview
Ymca Of Memphis & The Mid-South is located in Cordova, TN. The organization was established in 1944. 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, YMCA Of Memphis & The Mid-South employed 2,818 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Of Memphis & The Mid-South 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, YMCA Of Memphis & The Mid-South generated $49.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $47.7m during the year ending 12/2023. While expenses have increased by 11.6% 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
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING: THE YMCA OF MEMPHIS & THE MID-SOUTH ENGAGED IN OUR CAUSE OF STRENGTHENING COMMUNITY THROUGH HEALTHY LIVING THIS YEAR BYASSISTING OVER 49,000 MEMBERS IN THEIR HEALTH AND WELLNESS JOURNEYWITHIN OUR YMCA FACILITIES. WE PROVIDED INSTRUCTION IN THE LIFE-SAVINGSKILL OF SWIM LESSONS TO OVER 3290 YOUTH AND FAMILIES.
SOCIAL RESPONSIBILITY: FOR THE 2023-2024 SCHOOL YEAR, Y ON THE FLY SERVED NUMEROUS COMMUNITIES IN MEMPHIS, WEST TENNESSEE, AND NORTHERN MISSISSIPPI, WITH PROGRAMMING THAT PROVIDED CHILDREN AND FAMILIES ACCESS TO MEALS, BOOKS, EDUCATIONAL ENRICHMENT AND OPPORTUNITIES TO ENGAGE IN PHYSICAL ACTIVITIES AND LEARN ABOUT WATER SAFETY. IN TOTAL, OVER 77,000 CHILDREN WERE IMPACTED. EVENTS WERE HELD AT APARTMENT COMPLEXES, COMMUNITY CENTERS, PUBLIC LIBRARIES, PUBLIC PARKS, COMMUNITY FESTIVALS AND EVEN HOLIDAY PARADES. BOOKS WERE DISTRIBUTED AT THESE EVENTS, ALONG WITH BACKPACKS CONTAINING SCHOOL SUPPLIES AND MEALS AND SNACKS.
YOUTH DEVELOPMENT: WE BELIEVE THAT ALL CHILDREN DESERVE THEOPPORTUNITY TO DISCOVER WHO THEY REALLY ARE AND WHAT THEY CAN ACHIEVE.OUR ASSOCIATION CONTINUES TO PROVIDE BEFORE AND AFTER CARE AT THEMAJORITY OF SHELBY COUNTY SCHOOLS. FOR THE 2023-2024 SCHOOL YEAR, WE HAD OVER 10,584 CHILDREN WHO REGISTERED FOR BEFORE AND AFTER SCHOOL CARE. THERE WERE A TOTAL OF 172 SCHOOLS IN 15 DISTRICTS FOR THIS PAST SCHOOL YEAR. WE CONTINUE TO WORK WITH TENNESSEE DEPARTMENT OF HUMAN SERVICES AND USDA AND HAVE PROVIDED OVER 10,000,000 MEALS SINCE MARCH 2020. IN 2023, WE SERVED AT 133 SCHOOLS AND YMCA SITES IN MEMPHIS (SHELBY COUNTY), JACKSON (MADISON COUNTY), MILAN AND TRENTON (GIBSON COUNTY) AND MCKENZIE AND 40 OPEN COMMUNITY PARTNER SITES IN MEMPHIS SHELBY COUNTY. THESE INCLUDE MEMPHIS PARKS COMMUNITY CENTERS, CITY OF MEMPHIS LIBRARIES, NEIGHBORHOOD CHRISTIAN CENTERS, MEMPHIS ATHLETIC MINISTRIES AND APARTMENT COMPLEXES IN AREAS THAT ARE UNDER-RESOURCED AND UNDERSERVED. IN 2023, OUR Y SERVED OVER 777,000 MEALS. THIS PROGRAM CONTINUES TO EXPAND TO MEET THE NEEDS OF YOUTH WHO ARE EXPERIENCING FOOD INSECURITY. OUR Y-CAP PROGRAM ENGAGED 585 HOUSEHOLDS WITH AT-RISK STUDENTS IN ACTIVITIES THAT PROMOTE POSITIVE SELF-WORTH, GOAL-SETTING, IMPROVED BEHAVIORS, SATISFACTORY ACADEMIC PERFORMANCE, COMMUNITY SERVICE AND SUMMER READING.Y ACHIEVERS IS DESIGNED FOR THE DEVELOPMENT OF YOUTH GRADES 6-12. THIS IS ONE OF THE NATIONAL YMCA SIGNATURE PROGRAMS DESIGNED TO ADDRESS THE ACHIEVEMENT GAP WHILE NURTURING THE POTENTIAL OF EVERY YOUTH AND TEEN. Y ACHIEVERS ALSO ENGAGES PARENTS WITH MONTHLY SESSIONS ALONG WITH FAMILY AND COMMUNITY EVENTS. THIS PROGRAM SERVES SCHOOLS IN SHELBY COUNTY. OVER 125 YOUTH WERE IMPACTED BY THIS PROGRAM DURING THE 2023-2024 SCHOOL YEAR.
YOUTH SPORTS & SUMMER DAY CAMP: YOUTH INVOLVED WITH THESE YMCA PROGRAMSARE CULTIVATING THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TOPOSITIVE BEHAVIORS AND BETTER HEALTH. OUR YOUTH SPORTS AND SPECIALTYCAMP PROGRAMS LED 3,074 YOUTH TO EXPLORE AND IMPROVE SPORTS SKILLS,PROBLEM-SOLVING ABILITIES, AND INCREASE CREATIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Meyers Board Member | Trustee | 4 | $0 |
Ted Ferris Board Member | Trustee | 4 | $0 |
Abusheri Ohwofasa Board Member | Trustee | 4 | $0 |
Gene Cashman Board Member | Trustee | 4 | $0 |
Matt Grimes Board Member | Trustee | 4 | $0 |
Zack Davis Board Chair | OfficerTrustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $10,385,497 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,176,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,206,920 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,769,076 |
| Total Program Service Revenue | $21,434,500 |
| Investment income | $830,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $214,739 |
| Net Gain/Loss on Asset Sales | $143,185 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $49,440,291 |
| 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. | $1,615,107 |
| Compensation of current officers, directors, key employees. | $177,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,157,742 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,800,965 |
| Payroll taxes | $1,683,831 |
| 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 | $932,159 |
| Advertising and promotion | $753,191 |
| Office expenses | $1,626,664 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,260,981 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $393,636 |
| Interest | $763,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,001,505 |
| Insurance | $663,948 |
| All other expenses | $931,055 |
| Total functional expenses | $47,696,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,799,976 |
| Savings and temporary cash investments | $761,935 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,222,484 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,444,700 |
| Inventories for sale or use | $298,853 |
| Prepaid expenses and deferred charges | $366,741 |
| Net Land, buildings, and equipment | $31,058,135 |
| Investments—publicly traded securities | $11,993,894 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,969,020 |
| Total assets | $71,915,738 |
| Accounts payable and accrued expenses | $3,018,566 |
| Grants payable | $0 |
| Deferred revenue | $14,740,524 |
| 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 | $16,004,797 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $200,741 |
| Total liabilities | $33,964,628 |
| Net assets without donor restrictions | $36,369,955 |
| Net assets with donor restrictions | $1,581,155 |
| 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 | $71,915,738 |