The Skagit Valley Family Ymca
- Assets
- $29.7m
- Revenue
- $8.5m
- Investments
- $703.1k
- Employees
- 300
- Location
- Mount Vernon, WA
- Founding
- 07/1974
- Data as of
- 12/2023
- EIN
- 91-0565022
Organization Overview
The Skagit Valley Family Ymca is located in Mount Vernon, WA. The organization was established in 1974. 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, Skagit Valley Family YMCA employed 300 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Skagit Valley Family 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 12/2023, Skagit Valley Family YMCA generated $8.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $10.0m during the year ending 12/2023. 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
A NON-PROFIT CHARITABLE ORGANIZATION, THE SKAGIT VALLEY FAMILY YMCA CREATES POSITIVE COMMUNITY CHANGE THROUGH RELATIONSHIPS BY EMPOWERING THE MIND, BODY, AND SPIRIT OF ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAMS FOR HEALTHY LIVING - IMPROVING OUR COMMUNITY'S HEALTH AND WELL-BEING. THE Y PROVIDES ENVIRONMENTS AND PROGRAMS THAT PROMOTE PERSONAL GROWTH, ENCOURAGE ACTIVE LIFESTYLES, FOSTER MULTI-GENERATIONAL SOCIAL CONNECTIONS, AND SUPPORT FAMILY DEVELOPMENT ACROSS OUR DIVERSE COMMUNITY.
PROGRAMS FOR YOUTH DEVELOPMENT - NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. THE Y INVESTS IN EARLY LEARNING, YOUTH, TEEN AND YOUNG ADULT PROGRAMS KNOWING THIS FOUNDATION MAKES POSSIBLE LIFELONG LEARNING, FLOURISHING, CONNECTING AND SERVING SELF, FAMILY AND THE BROADER COMMUNITY.
PROGRAMS FOR SOCIAL RESPONSIBILITY - GIVING BACK AND PROVIDING SUPPORT TO OUR NEIGHBORS. THE Y LEVERAGES ITS RESOURCES AND CAPACITY TO POSITIVELY IMPACT THE LIVES AND CIRCUMSTANCES OF ITS MEMBERS AND THE BROADER COMMUNITY. WE SEEK TO CLOSE OPPORTUNITY GAPS IN OUR COMMUNITY BY ACTING AS AN AGENT FOR CHANGE, ENSURING EQUITABLE ACCESS TO PROGRAMS, AND LEVERAGING THE CAPABILITIES OF OUR VOLUNTEERS, DONORS, AND PARTNERSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board President Elect | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Previous President | OfficerTrustee | 1 | $0 |
Name Not Listed President | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,379,651 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,015 |
| Noncash contributions included in lines 1a–1f | $6,366 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,032,666 |
| Total Program Service Revenue | $6,297,044 |
| Investment income | $16,982 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $143,723 |
| 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 | $3,872 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,516,652 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $325,969 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,951 |
| Compensation of current officers, directors, key employees. | $152,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,755,852 |
| Pension plan accruals and contributions | $144,587 |
| Other employee benefits | $318,279 |
| Payroll taxes | $426,429 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $35,176 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $337,478 |
| Advertising and promotion | $35,285 |
| Office expenses | $207,441 |
| Information technology | $58,904 |
| Royalties | $0 |
| Occupancy | $1,046,632 |
| Travel | $31,949 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,586 |
| Interest | $0 |
| Payments to affiliates | $136,961 |
| Depreciation, depletion, and amortization | $783,493 |
| Insurance | $131,243 |
| All other expenses | $102,467 |
| Total functional expenses | $9,956,597 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,222 |
| Savings and temporary cash investments | $1,483,519 |
| Pledges and grants receivable | $235,075 |
| Accounts receivable, net | $179,483 |
| 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 | $27,661 |
| Net Land, buildings, and equipment | $26,832,212 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $703,149 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $239,677 |
| Total assets | $29,703,998 |
| Accounts payable and accrued expenses | $817,800 |
| Grants payable | $0 |
| Deferred revenue | $524,739 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,103 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,346,806 |
| Unsecured mortgages and notes payable | $602,813 |
| Other liabilities | $0 |
| Total liabilities | $13,294,261 |
| Net assets without donor restrictions | $15,113,980 |
| Net assets with donor restrictions | $1,295,757 |
| 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 | $29,703,998 |