Ocean Community Ymca
- Assets
- $23.8m
- Revenue
- $8.0m
- Investments
- $0.0
- Employees
- 348
- Location
- Westerly, RI
- Founding
- 06/1942
- Data as of
- 12/2021
- EIN
- 05-0268126
Organization Overview
Ocean Community Ymca is located in Westerly, RI. The organization was established in 1942. 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, Ocean Community YMCA employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Community 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 12/2021, Ocean Community YMCA generated $8.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $7.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTH, SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
MEMBERSHIPMEMBERSHIP AT THE OCEAN COMMUNITY YMCA HELPS INDIVIDUALS TO IMPROVE THEIR HEALTH AND WELL-BRING WHILE BULDING A STRONG SENSE OF COMMUNITY. THE Y PROVIDES FAMILY-CENTERED, VALUE-FOCUSED PROGRAMS AND ACTIVITIES FOR ITS MEMBERS AND THE SURROUNDING COMMUNITIES. AS A MEMBER, THE OCY PROVIDES A SETTING TO HELP INDIVIDUALS AS WELL AS THEIR FAMILIES TO MEET THEIR WELLNESS GOALS. IT IS THE Y'S POLICY TO MAKE MEMBERSHIP AVAILABLE TO ALL PERSONS REGARDLESS OF RACE, COLOR, RELIGION, SEX, AGE, MARITAL STATUS, SEXUAL ORIENTATION, NATIONAL ORIGIN, DISABILITY, OR FINANCIAL CIRCUMSTANCES WITHOUT DISCRIMINATION. BRANCHES AND THEIR PROGRAMS EMBRACE INCLUSION, REFLECTING THE COMPOSITION OF THE COMMUNITIES THEY SERVE.
CAMP PROGRAMSCAMP AT THE OCEAN COMMUNITY YMCA PROVIDES ENRICHING AND EDUCATIONAL EXPERIENCES DURING THE SUMMER AT CAMP WATCHAUG AND THE MYSTIC DAY CAMP THROUGH BOTH INDOOR AND OUTDOOR ACTIVITIES ON AND OFF LAND. THEY SERVE THOUSANDS OF CHILDREN AND FAMILIES IN THE SURROUNDING COMMUNITY. THEY ALSO PROVIDE SPECIALTY CAMPS IN WATER SPORTS LIKE SAILING, CANOEING, PADDLE BOARDING AND BOAT ACTIVITIES. CAMPERSHIP SCHOLARSHIPS ARE AVAILABLE AND NO CHILD IS TURNED AWAY DUE TO INABILITY TO PAY.
CHILD CARE AND OTHER PROGRAMSY CHILD CARE PROGRAMS STRENGTHEN THE FAMILY UNIT BY PROVIDING CONVENIENT, AFFORDABLE ACTIVITIES FOR SCHOOL AGE CHILDREN. THESE PROGRAMS UTILIZE A WELL-DEVELOPED CURRICULUM WHICH IS DELIVERED BY WELL TRAINED STAFF IN SAFE SURROUNDINGS. CHILDREN ARE PROVIDED A STIMULATING ENVIRONMENT IN WHICH THEY CAN LEARN, DEVELOP HEALTHY LIFESTYLES, AND GROW TO THEIR FULLEST POTENTIAL. CHILD CARE INCLUDES BEFORE AND AFTER SCHOOL CARE FOR SCHOOL AGE AND MIDDLE SCHOOL AGE CHILDREN AND BABYSITTING.OTHER PROGRAMS INCLUDE FOCUS ON THE PREVENTION OF LIFESTYLE-RELATED DISEASES IN CHILDREN, ADULTS, AND FAMILIES. ACTIVITIES INCLUDE INDIVIDUAL AND GROUP EXERCISE PROGRAMS, STRESS MANAGEMENT, NUTRITION, AND FIRST AID/CPR TRAINING. ADDITIONALLY, WE PARTICIPATE IN INITIATIVES THAT ARE DESIGNED TO HELP THE "AT RISK" POPULATION DEVELOP HABITS AND RELATIONS THAT LEAD TO MORE ACTIVE LIFESTYLES. SPORTS PROGRAMS FOR YOUTH, FAMILIES, AND ADULTS PROMOTE TEAMWORK, INTERACTIONS, AND THE DEVELOPMENT OF SOCIAL AND PHYSICAL SKILLS. FAMILY PROGRAMS DEVELOP AND STRENGTHEN THE FAMILY UNIT BY IMPROVING QUALITY OF TIME THAT FAMILIES SPENT TOGETHER. THE Y BELIEVES THAT FAMILIES ARE THE BEST ENVIRONMENT FOR GROWING AND LEARNING AND DEVELOPING AND NURTURING VALUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maureen Fitzgerald President & CEO | OfficerTrustee | 40 | $206,176 |
John Mckeag Finance Director | OfficerTrustee | 40 | $102,508 |
Mark Reynolds Chair | OfficerTrustee | 2 | $0 |
Jeff Liguori Treasurer | OfficerTrustee | 1 | $0 |
Robert Valenti Vice Chair | OfficerTrustee | 1 | $0 |
Jill Scola Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matic Temperature Controls Hvac Service And Repairs | 12/30/21 | $199,308 |
Dependable & Affordable Cleaning Contracted Cleaning Services For All Thr | 12/30/21 | $168,828 |
South Shore Gunite Pool & Spa Pool Repair/uv Installation | 12/30/21 | $113,900 |
Carlin Construction Company Construction | 12/30/21 | $481,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,801 |
| Related organizations | $0 |
| Government grants | $1,758,256 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,164,452 |
| Noncash contributions included in lines 1a–1f | $6,648 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,939,509 |
| Total Program Service Revenue | $4,722,463 |
| Investment income | $33,013 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,293 |
| Net Income from Fundraising Events | $57,639 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,284 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,960,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $395,017 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $345,909 |
| Compensation of current officers, directors, key employees. | $205,986 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,482,620 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $213,926 |
| Payroll taxes | $204,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,853 |
| Fees for services: Other | $659,835 |
| Advertising and promotion | $33,451 |
| Office expenses | $640,932 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $126,782 |
| Travel | $3,422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $347,768 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $998,925 |
| Insurance | $275,505 |
| All other expenses | $160,941 |
| Total functional expenses | $7,339,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $319,669 |
| Savings and temporary cash investments | $784,467 |
| Pledges and grants receivable | $513,011 |
| Accounts receivable, net | $643 |
| 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 | $69,997 |
| Net Land, buildings, and equipment | $19,311,106 |
| Investments—publicly traded securities | $2,561,857 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,119 |
| Total assets | $23,810,869 |
| Accounts payable and accrued expenses | $389,098 |
| Grants payable | $0 |
| Deferred revenue | $255,720 |
| Tax-exempt bond liabilities | $7,001,142 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $351,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,674 |
| Total liabilities | $8,016,954 |
| Net assets without donor restrictions | $14,911,971 |
| Net assets with donor restrictions | $881,944 |
| 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 | $23,810,869 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Community Ymca has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
The James And Robin Coogan Foundation Bronxville, NY PURPOSE: UNRESTRICTED | $3,000 |
Endowment Analysis
| Beg. Balance | $1,669,681 |
| Earnings | $179,253 |
| Admin Expense | $11,451 |
| Net Contributions | $14,407 |
| Ending Balance | $1,851,890 |
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 |