Golden Corridor Family Ymca

Organization Overview

Golden Corridor Family Ymca is located in Schaumburg, IL. The organization was established in 1984. 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 08/2020, Golden Corridor Family YMCA employed 468 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Corridor Family 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 08/2020, Golden Corridor Family YMCA generated $4.5m 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 $5.4m during the year ending 08/2020. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

MULTI-SERVICE, HUMAN CARE, CHARITABLE, MEMBERSHIP ORGANIZATION. CHRISTIAN IN ITS HERITAGE AND PHILOSPHY. IT IS NONDENOMINATIONAL IN ITS DELIVERY OF SERVICES AND ITS MEMBERSHIP. THE ASSOCIATION IS COMMITTED TO DEVELOPING SPIRIT, MIND, AND BODY OF ALL PERSONS IN A POSITIVE, HEALTHY, CHRISTIAN ENVIRONMENT THROUGH QUALITY LEADERSHIP, PROGRAMS, SERVICES AND FACILITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YOUTH DEVELOPMENT - OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL CHILDREN DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. WE HELP YOUNG PEOPLE CULTIVATE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR PROGRAMS SUCH AS CHILD CARE, YOUTH SPORTS AND CAMP PROGRAMS, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH.


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. WE ENGAGE YMCA MEMBERS, PARTICIPANTS AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE.


HEALTHY LIVING - THE YMCA IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, 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 YMCA OFFERS HEALTHY LIVING PROGRAMS THAT INCLUDE GROUP ADULT CLASSES, A WELLNESS CENTER AND PARENT CHILD PROGRAMS.


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Board, Officers & Key Employees

Name (title)Compensation
Douglas Britt
CEO
$165,000
Ronald Hunt
Past Gcfy Chair
$0
Dan Finneran
Gcfy Treasurer
$0
Carl Swanson
Gcfy Secretary
$0
Roger Lenart
Director
$0
John Regan
Gcfy Chair
$0

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$510,502
Investment income $4,738
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$919
Net Income from Fundraising Events $4,549
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $4,499,018

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Golden Corridor Family Ymca has recieved totaling $40,704.

Awarding OrganizationAmount
Greater Chicago Food Depository

Chicago, IL

PURPOSE: DISTRIBUTE TO THE HUNGRY

$26,013
Charities Aid Foundation America

Alexandria, VA

PURPOSE: CHARITABLE DONATION

$6,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$5,150
Glass Solutions Foundation

Itasca, IL

PURPOSE: CHARITABLE

$3,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$41
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$140,427
Net Contributions$31,934
Other Expense$2,769
Ending Balance$169,592

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