Golden Corridor Family Ymca
- Assets
- $10.9m
- Revenue
- $4.5m
- Investments
- $264.4k
- Employees
- 468
- Location
- Schaumburg, IL
- Founding
- 01/1984
- Data as of
- 08/2020
- EIN
- 36-3234727
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.
Form
990
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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Britt CEO | Officer | 50 | $165,000 |
Roger Lenart Director | OfficerTrustee | 0.5 | $0 |
Carl Swanson Gcfy Secretary | OfficerTrustee | 0.5 | $0 |
John Regan Gcfy Chair | OfficerTrustee | 0.5 | $0 |
Ronald Hunt Past Gcfy Chair | OfficerTrustee | 0.5 | $0 |
Dan Finneran Gcfy Treasurer | OfficerTrustee | 0.5 | $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 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $2,475,692 |
| Pension plan accruals and contributions | $120,806 |
| Other employee benefits | $160,433 |
| Payroll taxes | $218,915 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,807 |
| Fees for services: Accounting | $18,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $46,810 |
| Office expenses | $27,315 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,778 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $107,163 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $619,694 |
| Insurance | $206,585 |
| All other expenses | $0 |
| Total functional expenses | $5,390,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,339 |
| Savings and temporary cash investments | $81,403 |
| Pledges and grants receivable | $424,977 |
| Accounts receivable, net | $59,385 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $72,302 |
| Prepaid expenses and deferred charges | $4,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $264,449 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,200 |
| Total assets | $10,895,750 |
| Accounts payable and accrued expenses | $410,775 |
| Grants payable | $0 |
| Deferred revenue | $67,408 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $46,727 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,200,194 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,725,104 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $7,170,646 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Golden Corridor Family Ymca has recieved totaling $40,704.
| Awarding Organization | Amount |
|---|---|
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 |
Endowment Analysis
| Beg. Balance | $140,427 |
| Net Contributions | $31,934 |
| Other Expense | $2,769 |
| Ending Balance | $169,592 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mcgaw Ymca Evanston, IL | $27,425,288 | $18,259,892 |
Ymca Of Central Ky Lexington, KY | $49,423,693 | $18,002,221 |
Young Mens Christian Association Of Greater Des Moines Des Moines, IA | $55,671,991 | $14,265,776 |
Crossroads Young Mens Christian Association Inc Crown Point, IN | $71,317,321 | $30,163,640 |
Young Mens Christian Association Of Metropolitan Milwaukee Milwaukee, WI | $20,955,998 | $11,459,686 |
Ymca Of Rock River Valley Rockford, IL | $30,918,564 | $13,262,814 |
Young Mens Christian Association Kettle Moraine West Bend, WI | $16,462,834 | $12,846,603 |
Greater Green Bay Ymca Inc Green Bay, WI | $34,883,191 | $12,024,473 |
Ozarks Regional Ymca Springfield, MO | $22,694,658 | $8,607,241 |
Young Mens Christian Association Of The Iowa Mississippi Valley Davenport, IA | $63,017,263 | $13,933,643 |
La Crosse Area Family Y M C A Inc La Crosse, WI | $28,629,813 | $12,107,335 |
Young Mens Christian Association Of Dane County Inc Madison, WI | $16,378,728 | $13,253,991 |