Ymca Of Ponce Inc Ponce
- Assets
- $1.0m
- Revenue
- $926.9k
- Investments
- $0.0
- Employees
- 27
- Location
- Ponce, PR
- Founding
- 06/2018
- Data as of
- 12/2023
- EIN
- 66-0204831
Organization Overview
Ymca Of Ponce Inc Ponce is located in Ponce, PR. The organization was established in 2018. 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 Ponce Inc Ponce employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA Of Ponce Inc Ponce 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 Ponce Inc Ponce generated $926.9k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $988.1k during the year ending 12/2023. While expenses have increased by 3.2% 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 NURTURE THE POTENTIAL OF CHILDREN AND TEENS, IMPROVE THE COMMUNITY'S HEALTH AND WELL-BEING, AND PROVIDE OPPORTUNITIES TO GIVE BACK AND SUPPORT NEIGHBORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS SUCH AS SPORTS AND RECREATIONAL, CHILD CARE AND SUMMER CAMP, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH.
HEALTHY LIVING: OUR YMCA IS COMMITTED TO IMPROVE THE QUALITY OF LIFE OF THE FAMILIES THROUGH SPORT AND SOCIAL PROGRAMS THAT RESULT IN HEALTHY BODIES, MIND AND SPIRIT. THE AQUATIC EXERCISE PROGRAM ADAPTED FOR PATIENTS WITH PARKINSON'S SEEKS TO EMPHASIZE THE DEVELOPMENT OF THE PRIMARY COMPONENTS OF THE PHYSICAL APTITUDE WITH THE GOAL OF IMPROVING THE PARTICIPANTS FUNCTIONAL CAPACITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maitee Laureano Preschool Director | Trustee | 40 | $44,958 |
Maritza Correa CEO | Officer | 40 | $33,495 |
Karina Zayas President | Trustee | 5 | $0 |
Adriana Reyes Treasurer | Trustee | 5 | $0 |
Marcos Justiniano Vice Treasurer | Trustee | 5 | $0 |
Ramon Ricardo Ramirez Rodriguez Secretary | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $53,372 |
| Membership dues | $40,583 |
| Fundraising events | $6,990 |
| Related organizations | $0 |
| Government grants | $524,896 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,691 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $658,532 |
| Total Program Service Revenue | $253,993 |
| Investment income | $363 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,800 |
| 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 | $7,958 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $926,855 |
| 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. | $78,453 |
| Compensation of current officers, directors, key employees. | $74,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $326,603 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $69,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,275 |
| Fees for services: Accounting | $10,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $194,979 |
| Advertising and promotion | $4,735 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,526 |
| Travel | $19,115 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,501 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,805 |
| Insurance | $18,851 |
| All other expenses | $54,418 |
| Total functional expenses | $988,083 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $411,604 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $72,335 |
| Accounts receivable, net | $0 |
| 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 | $516,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,000,861 |
| Accounts payable and accrued expenses | $10,217 |
| Grants payable | $0 |
| Deferred revenue | $247,111 |
| 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 | $321,962 |
| Other liabilities | $0 |
| Total liabilities | $579,290 |
| Net assets without donor restrictions | $345,600 |
| Net assets with donor restrictions | $75,971 |
| 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 | $1,000,861 |