The Mystic Valley Young Mens Christian Association
- Assets
- $14.1m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 239
- Location
- Malden, MA
- Founding
- 02/1958
- Data as of
- 06/2022
- EIN
- 04-2105874
Organization Overview
The Mystic Valley Young Mens Christian Association is located in Malden, MA. The organization was established in 1958. 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 06/2022, Mystic Valley Young Mens Christian Association employed 239 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mystic Valley Young Mens Christian Association 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 06/2022, Mystic Valley Young Mens Christian Association generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $9.1m during the year ending 06/2022. While expenses have increased by 5.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MYSTIC VALLEY YMCA'S MISSION IS TO STRENGTHEN OUR COMMUNITIES WITH RELEVANT, CONTINUALLY-EVOLVING PROGRAMS AND SERVICES THAT ENRICH THE LIVES OF ALL PEOPLE IN SPIRIT, MIND AND BODY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTHY LIVING-THE Y IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH, AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT APPROXIMATELY 9,500 PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2022, WE PROVIDED APPROXIMATELY $243,970 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE WOULD HAVE FACED ECONOMIC BARRIERS TO PARTICIPATION.
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 CHILD CARE, LEADERS CLUB, DAY CAMPS, YOUTH SPORTS, SWIM LESSONS AND COMPETITIVE SWIMMING OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR 26% PERCENT OF THE YOUNG PEOPLE WE ENGAGE.
SOCIAL RESPONSIBILITY-OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 134 YEARS. Y PROGRAMS, SUCH AS THE LEADERSHIP DEVELOPMENT PROJECT, ACADEMIC ENRICHMENT AND TECHNOLOGY INTEGRATION PROGRAM, COLLEGE SEARCH AND PREP, SERVICE LEARNING PROGRAM AS WELL AS SUBSTANCE ABUSE AND VIOLENCE PREVENTION EDUCATION ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES, AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. IN 2022 WE ENGAGED 240 YMCA MEMBERS, PARTICIPANTS, AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah A Amaral President & Chief Executiv | Officer | 40 | $150,044 |
Stephanie Burke Chief Strategic Officer | 36 | $111,751 | |
Camay Tan CFO | Officer | 40 | $102,195 |
Peter Nigro Immediate Past Chair | OfficerTrustee | 1 | $0 |
Christopher Melendez Vice Chair | OfficerTrustee | 1 | $0 |
Ronnie Puzon Chief Volunteer Officer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $50,214 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,737,673 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,866,776 |
| Noncash contributions included in lines 1a–1f | $2,652,221 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,654,663 |
| Total Program Service Revenue | $2,260,874 |
| Investment income | $5,184 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,931,779 |
| 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. | $284,635 |
| Compensation of current officers, directors, key employees. | $160,447 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,068,895 |
| Pension plan accruals and contributions | $104,937 |
| Other employee benefits | $114,074 |
| Payroll taxes | $292,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $547 |
| Fees for services: Accounting | $50,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $189,918 |
| Advertising and promotion | $53,682 |
| Office expenses | $490,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $520,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $222,507 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $490,910 |
| Insurance | $180,704 |
| All other expenses | $4,915 |
| Total functional expenses | $9,092,757 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $113,391 |
| Savings and temporary cash investments | $2,794,365 |
| Pledges and grants receivable | $214,130 |
| Accounts receivable, net | $342,608 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,623 |
| Prepaid expenses and deferred charges | $65,581 |
| Net Land, buildings, and equipment | $10,499,350 |
| Investments—publicly traded securities | $9,201 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $14,065,249 |
| Accounts payable and accrued expenses | $330,835 |
| Grants payable | $0 |
| Deferred revenue | $164,755 |
| Tax-exempt bond liabilities | $6,665,248 |
| 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 | $245,000 |
| Other liabilities | $40,852 |
| Total liabilities | $7,446,690 |
| Net assets without donor restrictions | $6,331,121 |
| Net assets with donor restrictions | $287,438 |
| 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 | $14,065,249 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that The Mystic Valley Young Mens Christian Association has recieved totaling $79,608.
| Awarding Organization | Amount |
|---|---|
American Endowment Foundation Hudson, OH PURPOSE: GENERAL OPERATING SUPPORT | $30,000 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $23,205 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $10,500 |
Peoples United Community Foundation Of Eastern Massachusetts Inc Wilmington, DE PURPOSE: TECHNOLOGY UPGRADES FOR PROGRAM IMPACT | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,903 |
Endowment Analysis
| Beg. Balance | $10,000 |
| Ending Balance | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Buffalo Niagara Buffalo, NY | $63,156,525 | $20,586,121 |
Young Mens Christian Association Of Central New York Inc Syracuse, NY | $52,040,864 | $20,998,037 |
Greater Providence Young Mens Christian Association Providence, RI | $33,652,869 | $15,855,613 |
Meriden-New Britain-Berlin Young Mens Christian Association Inc Meriden, CT | $19,846,503 | $18,721,354 |
Young Mens Christian Association Of Greater Nashua Nashua, NH | $26,864,143 | $15,906,004 |
Frost Valley Ymca Claryville, NY | $34,906,539 | $11,884,684 |
Young Mens Christian Association Southcoast Incorporated New Bedford, MA | $33,897,878 | $16,569,105 |
Young Mens Christian Association Of Pawt Ri Pawtucket, RI | $34,219,905 | $10,618,011 |
Young Mens Christian Association Saratoga County Saratoga Springs, NY | $33,124,111 | $15,587,422 |
Metrowest Ymca Framingham, MA | $28,140,944 | $12,322,249 |
Cape Cod Young Mens Christian Association Inc Hyannis, MA | $9,249,162 | $11,698,061 |
Young Mens Christian Association Of Rye N Y Rye, NY | $15,041,531 | $9,376,440 |