Young Mens Christian Association Southcoast Incorporated
- Assets
- $33.9m
- Revenue
- $16.6m
- Investments
- $0.0
- Employees
- 624
- Location
- New Bedford, MA
- Founding
- 12/1933
- Data as of
- 12/2021
- EIN
- 04-2104749
Organization Overview
Young Mens Christian Association Southcoast Incorporated is located in New Bedford, MA. The organization was established in 1933. 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, Young Mens Christian Association Southcoast Incorporated employed 624 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Southcoast Incorporated 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, Young Mens Christian Association Southcoast Incorporated generated $16.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $11.3m during the year ending 12/2021. While expenses have increased by 1.3% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE IMPROVEMENT OF THE SPIRITUAL, MENTAL, SOCIAL, EDUCATIONAL AND PHYSICAL CONDITIONS OF ALL PERSON.STRENGTHENING COMMUNITY IS OUR CAUSE. EVERY DAY WE WORK SIDE-BY-SIDE WITH OUR NEIGHBORS TO MAKE SURE THAT EVERYONE, REGARDLESS OF AGE, INCOME OR BACKGROUND, HAS THE OPPORTUNITY TO LEARN, GROW AND THRIVE.THE Y IS THE NATION'S LEADING NONPROFIT COMMITTED TO STRENGTHENING COMMUNITIES THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY.YMCA SOUTHCOAST HAS BEEN WORKING TO PROVIDE HEALTH AND SOCIAL SERVICES TO THOUSANDS OF YOUTH, FAMILIES AND INDIVIDUALS THROUGHOUT THE SOUTH COAST REGION FOR NEARLY 150 YEARS. IN 2021, YMCA SOUTHCOAST PROVIDED A TOTAL OF $689,665 IN FREE PROGRAMS AND YCARES FINANCIAL ASSISTANCE TO THE INDIVIDUALS AND FAMILIES IN OUR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHILDCARE PROGRAMS:AT YMCA SOUTHCOAST, WE BELIEVE THE VALUES AND SKILLS LEARNED EARLY ON ARE VITAL BUILDING BLOCKS FOR QUALITY OF LIFE AND FUTURE SUCCESS. THAT'S WHY OUR PRE-SCHOOL, BEFORE/AFTERSCHOOL AND CHILD WATCH PROGRAMS ARE STAFFED WITH PEOPLE WHO UNDERSTAND THE COGNITIVE, PHYSICAL AND SOCIAL DEVELOPMENT OF KIDS. AT THE Y, CHILDREN DEVELOP TRUST AND SECURITY, PRESCHOOLERS EXPERIENCE EARLY LITERACY AND LEARN ABOUT THEIR WORLD AND SCHOOL-AGE KIDS MAKE FRIENDS, LEARN NEW SKILLS AND DO THEIR HOMEWORK. MOST IMPORTANTLY, CHILDREN LEARN HOW TO BE THEIR BEST SELVES AND FAMILIES FEEL SUPPORTED. THAT MAKES FOR CONFIDENT KIDS TODAY, AND CONTRIBUTING AND ENGAGED ADULTS TOMORROW.
COMMUNITY SUPPORT:AT YMCA SOUTHCOAST, STRENGTHENING COMMUNITY IS OUR CAUSE. THE ASSOCIATION BELIEVES THAT LASTING PERSONAL AND SOCIAL CHANGE CAN ONLY COME ABOUT WHEN WE ALL WORK TOGETHER TO INVEST IN OUR CHILDREN, OUR HEALTH AND OUR NEIGHBORS. FROM EXERCISE TO EDUCATION, VOLLEYBALL TO VOLUNTEERISM, SWIM LESSONS TO SCHOLARSHIPS, THE ASSOCIATION IS HERE FOR ALL. IN ADDITION TO OFFERING FREE, PREVENTATIVE HEALTH PROGRAMS INCLUDING LIVESTRONG, FREE EDUCATIONAL ACHIEVEMENT PROGRAMS INCLUDING SUMMER SCHOLARS, AND OUR HUNGER RELIEF PROGRAMS INCLUDING "SHARING THE HARVEST" COMMUNITY FARM, THE ASSOCIATION ALSO OFFERS YCARES FINANCIAL ASSISTANCE FOR MEMBERSHIP, CHILDCARE, CAMP AND PROGRAMS. THE Y WELCOMES ALL!
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James F Scherer Chief Executive Officer | Officer | 40 | $218,832 |
Robert A Trahan Chief Financial Officer | Officer | 40 | $176,931 |
Lizanne Campbell 1st Vice Chair | OfficerTrustee | 0.3 | $0 |
Geoffrey W Swett Treasurer | OfficerTrustee | 2.1 | $0 |
Thomas Anderson Clerk | OfficerTrustee | 0.3 | $0 |
Terrance A Gomes 2nd Vice Chair | OfficerTrustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whaling City Transit Inc Transportation | 12/30/19 | $183,109 |
Micro Technology Solutions Inc Computer Equipment/service | 12/30/19 | $182,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $52,022 |
| Related organizations | $0 |
| Government grants | $9,417,705 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,225,857 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,695,584 |
| Total Program Service Revenue | $5,351,572 |
| Investment income | $24,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $317,343 |
| Net Gain/Loss on Asset Sales | $163,598 |
| Net Income from Fundraising Events | $6,795 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $8,969 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,569,105 |
| 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. | $475,215 |
| Compensation of current officers, directors, key employees. | $73,538 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,246,386 |
| Pension plan accruals and contributions | $269,687 |
| Other employee benefits | $223,890 |
| Payroll taxes | $540,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,511 |
| Fees for services: Accounting | $41,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $597,644 |
| Advertising and promotion | $0 |
| Office expenses | $291,006 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,673,420 |
| Travel | $189,768 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,574 |
| Interest | $286,415 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,124,803 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $11,307,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,274 |
| Savings and temporary cash investments | $5,089,761 |
| Pledges and grants receivable | $15,352 |
| Accounts receivable, net | $843,481 |
| 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 | $105,642 |
| Net Land, buildings, and equipment | $26,074,971 |
| Investments—publicly traded securities | $1,640,357 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $123,040 |
| Total assets | $33,897,878 |
| Accounts payable and accrued expenses | $737,035 |
| Grants payable | $0 |
| Deferred revenue | $565,350 |
| Tax-exempt bond liabilities | $8,424,519 |
| 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 | $3,143 |
| Total liabilities | $9,730,047 |
| Net assets without donor restrictions | $23,554,751 |
| Net assets with donor restrictions | $613,080 |
| 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 | $33,897,878 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Young Mens Christian Association Southcoast Incorporated has recieved totaling $186,749.
| Awarding Organization | Amount |
|---|---|
Southcoast Community Foundation Inc New Bedford, MA PURPOSE: GENERAL OPERATING SUPPORT; HARVEST COMMUNITY FARM | $118,000 |
United Way Of Greater New Bedford Inc New Bedford, MA PURPOSE: CHILDREN AND YOUTH | $33,000 |
United Way Of Greater Fall River Inc Fall River, MA PURPOSE: EARLY EDUCATION AND CHILDCARE; OUT OF SCHOOL ENRICHMENT | $17,000 |
Project Bread - The Walk For Hunger Inc East Boston, MA PURPOSE: FY22 COMMONWEALTH | $10,649 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $8,100 |
Endowment Analysis
| Beg. Balance | $327,311 |
| Earnings | $21,971 |
| Admin Expense | $21,971 |
| Ending Balance | $327,311 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ymca Of The North Shore Inc Beverly, MA | $119,924,593 | $52,904,408 |
Samuel Field Ym & Ywha Inc Little Neck, NY | $48,425,712 | $46,930,535 |
Ymca Of Greater Rochester Rochester, NY | $121,370,415 | $45,892,943 |
Young Mens Christian Association Of Long Island Inc Glen Cove, NY | $75,238,727 | $32,469,405 |
Young Mens Christian Association Of The Capital District Albany, NY | $57,049,095 | $29,813,133 |
South Shore Young Mens Christian Association Quincy, MA | $85,192,389 | $30,794,520 |
Young Mens Christian Association Of Metropolitan Hartford Inc Hartford, CT | $164,737,357 | $30,671,790 |
Central Connecticut Coast Young Mens Christian Association Inc New Haven, CT | $48,852,527 | $30,738,115 |
The Granite Ymca Manchester, NH | $42,208,261 | $24,707,664 |
Young Mens Christian Association Of Worcester Worcester, MA | $59,055,753 | $25,227,753 |
Young Mens Christian Association Of Metro North Inc Peabody, MA | $61,375,370 | $28,077,640 |
Hockomock Young Mens Christian Association Inc North Attleboro, MA | $27,249,839 | $22,587,888 |