Young Mens Christian Association Retirement Fund

Young Mens Christian Association Retirement Fund Overview

Young Mens Christian Association Retirement Fund, operating under the name YMCA Retirement Fund, is located in New York, NY. The organization was established in 1951. According to its NTEE Classification (Y30) the organization is classified as: Pension & Retirement Funds, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 06/2020, YMCA Retirement Fund employed 128 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 06/2020, YMCA Retirement Fund generated $376.4m 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 (8.6%) each year. All expenses for the organization totaled $895.2m during the year ending 06/2020. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, YMCA Retirement Fund has awarded 31 individual grants totaling $1,211,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE PENSION AND WELFARE BENEFITS FOR YMCA EMPLOYEES. (SEE PART III OR SCHEDULE O FOR THE COMPLETE MISSION STATEMENT.)

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE YMCA RETIREMENT FUND PROVIDED MONTHLY ANNUITY PAYMENTS TO APPROXIMATELY 15,200 RETIRED YMCA EMPLOYEES WITH AN AVERAGE ANNUAL ANNUITY OF APPROXIMATELY $19,400. DURING THE FISCAL YEAR ENDED JUNE 30, 2020, THE YMCA RETIREMENT FUND PROVIDED BENEFITS (INCLUDING DEATH AND DISABILITY BENEFITS) IN EXCESS OF $842,220,000. THE FOLLOWING BUNDLED BENEFITS ARE PROVIDED TO ALL PARTICIPATING YMCA'S: RETIREMENT PLAN: A DEFINED CONTRIBUTION MONEY PURCHASE CHURCH PENSION PLAN THAT IS INTENDED TO SATISFY THE QUALIFICATION REQUIREMENTS OF SECTION 401(A) OF THE INTERNAL REVENUE CODE (CODE). TAX-DEFERRED SAVINGS PLAN: A RETIREMENT INCOME ACCOUNT PLAN AS DEFINED IN SECTION 403(B)(9) OF THE CODE. LIFE ANNUITIES TO RETIREES: THE YMCA RETIREMENT FUND PROVIDES ANNUITIES BASED UPON ACCUMULATED ACCOUNT BALANCES IN THE RETIREMENT PLAN AND TAX-DEFERRED SAVINGS PLAN TO PARTICIPANTS OF RETIREMENT AGE. DEATH AND DISABILITY BENEFITS: RETIREMENT DEATH AND DISABILITY BENEFITS ARE PROVIDED TO PARTICIPANTS OR THEIR BENEFICIARIES UPON DEATH OR PERMANENT TOTAL DISABILITY.


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Young Mens Christian Association Retirement Fund Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Trustee Volunteer
$0

Young Mens Christian Association Retirement Fund Vendors

Vendor Name (Service)Compensation
Rgm Capital Llc
Investment Management
$7,865,581
Praesidium Investment Management Co
Investment Management
$3,974,748
Cdw Direct
Computer And Office Products
$1,829,529
Basswood Capital Management
Investment Management
$1,387,266
Wellington Management Co
Investment Management
$1,594,039
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$243,766
Investment income $26,607,081
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $124,339,916
Net Income from Fundraising Events -$44,405
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $376,378,755

Young Mens Christian Association Retirement Fund Grants Awarded

Over the last fiscal year, Young Mens Christian Association Retirement Fund has awarded $225,000 in support to 3 organizations.

Grant RecipientAmount

ARMED SERVICES YMCA

Org PageRecipient Profile

Woodbridge, VA

PURPOSE: SUPPORT GRANT

$150,000

ASSOCIATION OF YMCA PROFESSIONALS

PURPOSE: SUPPORT GRANT

$50,000

YMCA OF THE USA

PURPOSE: SUPPORT GRANT

$25,000
View Grant Profile

Young Mens Christian Association Retirement Fund Grants Recieved

Over the last fiscal year, we have identified 2 grants that Young Mens Christian Association Retirement Fund has recieved totaling $34,256.

Awarding OrganizationAmount
Young Mens Christian Association Of San Francisco

San Francisco, CA

PURPOSE: PROGRAM SUPPORT

$19,256
Young Mens Christian Association Of Greater New York

New York, NY

PURPOSE: HURRICANE HARVEY

$15,000
View Grant Recipient Profile

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