Newport Young Mens Christian Association
- Assets
- $13.9m
- Revenue
- $6.0m
- Investments
- $43.6k
- Employees
- 213
- Location
- Middletown, RI
- Founding
- 04/1936
- Data as of
- 12/2021
- EIN
- 05-0258916
Organization Overview
Newport Young Mens Christian Association is located in Middletown, RI. The organization was established in 1936. 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, Newport Young Mens Christian Association employed 213 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport 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 12/2021, Newport Young Mens Christian Association generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. While expenses have increased by 0.0% 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
IMPROVE AND POSITIVELY INFLUENCE THE QUALITY OF LIFE AND SOCIAL WELL BEING OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
YOUTH DEVELOPMENT: WE IMPACT OVER 1600 YOUTH IN OUR PROGRAMS EACH WEEK IN THE AREAS OF GYMNASTICS, YOUTH SPORTS, LEADERSHIP PROGRAMS, AFTERSCHOOL, AQUATICS, RHODYSQUASH AND OUR PRESCHOOL PROGRAMS. THESE PROGRAM ARE NOT ONLY DESIGNED TO TEACH AND EDUCATE PARTICIPATES ON THE TASKS AT HAND, BUT THEY ALSO TEACH LIFE SKILLS THAT WILL HELP THESE CHILDREN IN THE FUTURE. OUR YOUTH PROGRAM PROVIDE STRONG ROLE MODELS AND A SAFE ENVIRONMENT TO HELP THEM GROW AND THRIVE. THE NEWPORT COUNTY YMCA ALSO HAS A STRONG PROGRAM AREA TO HELP FAMILIES COME TOGETHER. THESE PROGRAMS HELP FAMILIES CONTACT WITH ONE OTHER AND SPEND MUCH NEEDED QUALITY TIME TOGETHER. FAMILY EACH YEAR ENJOY OUR MOVIE NIGHTS, FAMILY CAMP OUTS AND MANY OTHER EVENTS THAT HAPPEN EACH MONTH.
HEALTHY LIVING: THE NEWPORT COUNTY YMCA IS FOCUSED ON OUR COMMUNITY TO MAKE IT HAPPIER AND HEALTHIER. THROUGH PROGRAMS SUCH AS PERSONAL TRAINING, BOOT CAMPS AND WEIGHT LOSE CHALLENGES WE ENGAGE OUR MEMBERS TO HELP THEM BECOME MORE SELF-CONFIDENT IN THEIR LIFE'S. WE ALSO IMPACT OUR COMMUNITY BY OFFERING MANY PROGRAMS TO FIGHT YOUTH OBESITY IN OUR COUNTRY. BY PARTNERING WITH MANY OTHER LOCAL AGENCIES WE CAN IMPROVE OUR COMMUNITIES HEALTH. WITH OUR PRESCRIBE THE Y PROGRAM WE WORK WITH LOCAL DOCTORS TO IDENTIFY CHILD WHO ARE AT RISK AND ENROLL THEM INTO A FREE 12 WEEK SESSION TO EDUCATE THEM AND THEIR FAMILY ABOUT HEALTHY HABITS. BY WORKING TOGETHER WE CAN DO GREAT THINGS FOR ALL.
SOCIAL RESPONSIBILTY:THE NEWPORT COUNTY YMCA IMPACTS THE COMMUNITY BY OFFERING OUR EXTENSIVE ADAPTIVE PROGRAMS. EACH WEEK WE HAVE OVER 250 PARTICIPANTS COME TO THE Y WITH SPECIAL NEEDS TO PARTAKE IN A NUMBER OF PROGRAMS INCLUDING LIFE SKILLS. OUR SPECIAL OLYMPICS TEAM HAS OVER 100 PLAYERS THAT PARTICIPATE IN SPORTS YEAR ROUND ALONG WITH MANY SOCIAL ACTIVITIES. WE CHANGE OUR COMMUNITY BY BEING INVOLVED IN MANY SERVICE PROJECTS OUTSIDE THE Y WALLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Farrar Associates Inc Construction Management | 12/30/21 | $2,760,307 |
Vision 3 Architects Architectural Fees For Capital Project | 12/30/21 | $466,916 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $3,822 |
| Membership dues | $0 |
| Fundraising events | $133,475 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,847,927 |
| Noncash contributions included in lines 1a–1f | $53,112 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,985,224 |
| Total Program Service Revenue | $2,665,645 |
| Investment income | $3,287 |
| 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 | $6,046,936 |
| 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. | $369,742 |
| Compensation of current officers, directors, key employees. | $117,274 |
| Compensation to disqualified persons | $1,314,747 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $42,646 |
| Other employee benefits | $90,253 |
| Payroll taxes | $123,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,143 |
| Office expenses | $219,910 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $216,241 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,827 |
| Payments to affiliates | $44,325 |
| Depreciation, depletion, and amortization | $336,212 |
| Insurance | $104,478 |
| All other expenses | $55,061 |
| Total functional expenses | $3,266,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,897 |
| Savings and temporary cash investments | $3,108,350 |
| Pledges and grants receivable | $1,197,796 |
| Accounts receivable, net | $25,782 |
| 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 | $77,337 |
| Net Land, buildings, and equipment | $9,396,876 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,622 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,860,660 |
| Accounts payable and accrued expenses | $926,173 |
| Grants payable | $0 |
| Deferred revenue | $38,692 |
| 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 | $1,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,964,865 |
| Net assets without donor restrictions | $8,982,843 |
| Net assets with donor restrictions | $2,912,952 |
| 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 | $13,860,660 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Newport Young Mens Christian Association has recieved totaling $580,086.
| Awarding Organization | Amount |
|---|---|
Van Beuren Charitable Foundation Inc New York, NY PURPOSE: OPERATING- GENERAL, FACILITY IMPROVEMENTS | $354,450 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $136,670 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $30,000 |
Frederick Henry Prince Testamentary Trust Chicago, IL PURPOSE: RHODY SQUASH PROGRAM | $15,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: SUMMER PROGRAMMING FOR LOW INCOME CHILDREN; RACE4CHASE; GENERAL SUPPORT | $13,000 |
John E Fogarty Foundation For Persons With Intellectual And Deve Providence, RI PURPOSE: GRANT FUNDS FUNDED RESOURCES (STAFF, EQUIPMENT) TO STUDENT WITH DISABILITIES | $11,250 |
Endowment Analysis
| Beg. Balance | $112,643 |
| Ending Balance | $112,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 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 |
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 Assn Westport Westport, CT | $70,281,259 | $9,479,098 |
The Southington-Cheshire Community Ymcas Inc Southington, CT | $19,717,406 | $10,953,094 |
The Mystic Valley Young Mens Christian Association Malden, MA | $14,065,249 | $9,931,779 |
Ymca Of Greater Springfield Inc Springfield, MA | $10,820,605 | $10,575,492 |
The New Canaan Community Young Mens Christian Association Inc New Canaan, CT | $28,835,365 | $6,943,536 |
Ywca Central Massachusetts Inc Worcester, MA | $22,980,157 | $9,331,553 |