Sherman Lake Ymca Outdoor Center
- Assets
- $14.5m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 235
- Location
- Augusta, MI
- Founding
- 03/2017
- Data as of
- 12/2023
- EIN
- 38-3167869
Organization Overview
Sherman Lake Ymca Outdoor Center is located in Augusta, MI. The organization was established in 2017. 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 12/2023, Sherman Lake YMCA Outdoor Center employed 235 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sherman Lake YMCA Outdoor Center 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 12/2023, Sherman Lake YMCA Outdoor Center generated $4.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $4.7m during the year ending 12/2023. While expenses have increased by 2.7% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SHERMAN LAKE YMCA OUTDOOR CENTER PUTS HONESTY, CARING, RESPECT, AND RESPONSIBILITY INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PUT HONESTY, CARING, RESPECT, AND RESPONSIBILITY INTO PRACTICE THROUGH VARIOUS HEALTH AND FITNESS RELATED ACTIVITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Treasurer | OfficerTrustee | 3 | $0 |
Name Not Listed Chair | OfficerTrustee | 3 | $0 |
Name Not Listed Director | OfficerTrustee | 3 | $0 |
Name Not Listed President | OfficerTrustee | 3 | $0 |
Name Not Listed Director | Trustee | 3 | $0 |
Name Not Listed Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $696,705 |
| Fundraising events | $100,364 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $664,940 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,462,009 |
| Total Program Service Revenue | $2,217,828 |
| Investment income | $60,091 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$41,068 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,951,787 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $176,862 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $208,339 |
| Compensation of current officers, directors, key employees. | $144,683 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,627,991 |
| Pension plan accruals and contributions | $54,367 |
| Other employee benefits | $144,514 |
| Payroll taxes | $125,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $104,580 |
| Advertising and promotion | $40,842 |
| Office expenses | $7,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $298,577 |
| 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 | $61,353 |
| Depreciation, depletion, and amortization | $730,432 |
| Insurance | $61,999 |
| All other expenses | $665,533 |
| Total functional expenses | $4,741,500 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $848,966 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $25,604 |
| Accounts receivable, net | $41,330 |
| 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 | $32,173 |
| Net Land, buildings, and equipment | $11,117,966 |
| Investments—publicly traded securities | $2,084,739 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $389,540 |
| Total assets | $14,540,318 |
| Accounts payable and accrued expenses | $174,320 |
| Grants payable | $0 |
| Deferred revenue | $115,583 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $289,903 |
| Net assets without donor restrictions | $13,384,037 |
| Net assets with donor restrictions | $866,378 |
| 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 | $14,540,318 |