Broome County Ymca Foundation
- Assets
- $1.2m
- Revenue
- $52.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Binghamton, NY
- Founding
- 08/1985
- Data as of
- 12/2021
- EIN
- 22-2604920
Organization Overview
Broome County Ymca Foundation is located in Binghamton, NY. The organization was established in 1985. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Broome County YMCA Foundation 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, Broome County YMCA Foundation generated $52.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $20.0k during the year ending 12/2021. While expenses have increased by 1.5% 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
TO PROVIDE SUPPORT TO THE BROOME COUNTY YMCA. THE BROOME COUNTY YMCA IS A PUBLIC CHARITY THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOME, RACES, AND RELIGIONS. THEIR MISSION IS: TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SUPPORT TO THE BROOME COUNTY YMCA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Parry Secretary | OfficerTrustee | 0.25 | $0 |
Steve Spero Chairman | OfficerTrustee | 0.25 | $0 |
Paul Zurawel Director | Trustee | 0.25 | $0 |
Tom Simkulet Director | Trustee | 0.25 | $0 |
Rick Woidt Director | Trustee | 0.25 | $0 |
Patrick Shager Director | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $27,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $24,543 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $52,200 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $4,967 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $19,967 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $157,962 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,075,144 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1 |
| Total assets | $1,233,107 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $250,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $250,000 |
| Net assets without donor restrictions | $983,107 |
| Net assets with donor restrictions | $0 |
| 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 | $1,233,107 |
Grants Awarded
Over the last fiscal year, Broome County Ymca Foundation has awarded $122,062 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Binghamton, NY PURPOSE: SUPPORT FOR YMCA PROGRAMS | $105,000 |
Binghamton, NY PURPOSE: YMCA LOAN FORGIVEN | $17,062 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Broome County Ymca Foundation has recieved totaling $518,304.
| Awarding Organization | Amount |
|---|---|
United Way Of Broome County Inc Binghamton, NY PURPOSE: SENIOR WELLNESS PROGRAM AND CHILD CARE | $259,152 |
United Way Of Broome County Inc Binghamton, NY PURPOSE: SENIOR WELLNESS PROGRAM AND CHILD CARE | $259,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Young Mens Christian Association Of Rye N Y Rye, NY | $15,041,531 | $9,376,440 |
Ymca Of Metuchen Nj Metuchen, NJ | $20,258,141 | $11,923,831 |
Greater Burlington Young Mens Christian Association Inc Burlington, VT | $26,250,371 | $12,004,030 |
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 |
Young Mens And Young Womens Hebrew Association Of Washington Heights New York, NY | $20,748,023 | $9,475,980 |
Ymca Of Greater Springfield Inc Springfield, MA | $10,820,605 | $10,575,492 |
Y M C A Of Westfield N J Westfield, NJ | $26,995,751 | $11,252,521 |
Young Mens Christian Association Of Montclair Montclair, NJ | $19,205,010 | $11,662,203 |
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 |