Legacy Ymca
- Assets
- $3.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 118
- Location
- Bessemer, AL
- Founding
- 08/1942
- Data as of
- 12/2021
- EIN
- 63-0288881
Organization Overview
Legacy Ymca is located in Bessemer, AL. The organization was established in 1942. 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 12/2021, Legacy YMCA employed 118 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 12/2021, Legacy YMCA generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A VARIETY OF QUALITY PROGRAMS TO INDIVIDUALS OF ALL AGES, OF ALL RACES AND FROM ALL SOCIO-ECONOMIC BACKGROUNDS IN AN ATMOSPHERE OF CHRISTIAN LOVE AND UNDERSTANDING ALL THE WHILE SEEKING TO PROMOTE THE SPIRITUAL, MENTAL AND PHYSICAL WELFARE OF PERSONS EMPHASIZING REVERENCE TO GOD, CARING, HONESTY, RESPECT, AND RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LEGACY YMCA IS A CHARITABLE AND CHRISTIAN FAITH BASED COMMUNITY SERVICE ORGANIZATION THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. WE ARE DEDICATED TO BUILDING STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY LIFESTYLES, STRONG VALUES, LEADERSHIP DEVELOPMENT AND COMMUNITY INTERACTION. OUR YMCA WELCOMES INDIVIDUALS REGARDLESS OF THEIR ABILITY TO PAY AND OFFERS LOW FEES AND FINANCIAL ASSISTANCE FOR PARTICIPATION. OUR YMCA WAS FOUNDED AND IS LED BY REPRESENTATIVE VOLUNTEERS FROM OUR COMMUNITY. IN ADDITION TO POLICY VOLUNTEERS, THE Y IS STRENGTHENED BY VOLUNTEER LEADERSHIP IN ROLES AS MENTORS, COACHES, TEACHERS, AND PEER GROUP HELPERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Talerico Executive Director | OfficerTrustee | 40 | $106,519 |
Mike Mccoy Chairman | OfficerTrustee | 1 | $0 |
Jason Jewell Finance Chair | OfficerTrustee | 1 | $0 |
Shaun Wilson Immediate Past President | OfficerTrustee | 1 | $0 |
Christina Almanza Member | Trustee | 1 | $0 |
Josh Cook Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $86,864 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $167,192 |
| All other contributions, gifts, grants, and similar amounts not included above | $17,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $271,355 |
| Total Program Service Revenue | $984,224 |
| Investment income | $266 |
| 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 | $527 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,271,135 |
| 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. | $81,180 |
| Compensation of current officers, directors, key employees. | $26,789 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,428 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $83,393 |
| Payroll taxes | $43,661 |
| 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 | $26,676 |
| Advertising and promotion | $11,607 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,261 |
| Interest | $2,880 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $119,325 |
| Insurance | $65,652 |
| All other expenses | $85,081 |
| Total functional expenses | $1,332,146 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $961,976 |
| Savings and temporary cash investments | $126,130 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,947 |
| 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 | $12,024 |
| Net Land, buildings, and equipment | $2,148,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,251,767 |
| Accounts payable and accrued expenses | $31,152 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $103,906 |
| Total liabilities | $135,058 |
| Net assets without donor restrictions | $3,116,709 |
| Net assets with donor restrictions | $0 |
| 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 | $3,251,767 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Legacy Ymca has recieved totaling $96,869.
| Awarding Organization | Amount |
|---|---|
United Way Of Central Alabama Inc Birmingham, AL PURPOSE: ALLOCATIONS (GENERAL OPERATING) | $86,864 |
Orlean And Ralph W Beeson Fund Birmingham, AL PURPOSE: SUMMER LEARNING PROGRAM | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |