Young Mens Christian Association Of Central Maryland Inc
- Assets
- $108.0m
- Revenue
- $88.7m
- Investments
- $590.0k
- Employees
- 2,354
- Location
- Baltimore, MD
- Founding
- 03/1934
- Data as of
- 12/2020
- EIN
- 52-0591699
Organization Overview
Young Mens Christian Association Of Central Maryland Inc, operating under the name The Y in Central Maryland, is located in Baltimore, MD. The organization was established in 1934. 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 12/2021, Y in Central Maryland employed 2,354 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Y in Central Maryland 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 12/2020, Y in Central Maryland generated $88.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $74.6m during the year ending 12/2020. While expenses have increased by 2.9% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE Y IS A CHARITABLE ORGANIZATION IN CENTRAL MARYLAND DEDICATED TO DEVELOPING THE FULL POTENTIAL OF EVERY INDIVIDUAL THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH & WELLNESS - THE Y IN CENTRAL MARYLAND IS A CHARITABLE, NON-PROFIT ORGANIZATION PROVIDING AFFORDABLE, ACCESSIBLE HEALTH AND WELLNESS PROGRAMS TO ALL INDIVIDUALS, BUT TARGETED PARTICULARLY TO FAMILIES, CHILDREN, YOUTH AND SENIORS. ALL HEALTH AND WELLNESS PROGRAMS AND SERVICES ARE BUILT AROUND THE GOAL OF ENCOURAGING AN ACTIVE, HEALTHY AND ENGAGED COMMUNITY. THE Y IS OPEN TO ALL, WITH SCHOLARSHIPS PROVIDED TO THOSE WHO CANNOT AFFORD TO PAY. THE Y'S HEALTH & WELLNESS PROGRAMS SERVED OVER 120,000 PEOPLE. REDUCED FEES THROUGH SCHOLARSHIPS WERE GRANTED TO APPROXIMATELY 16,000 PEOPLE DURING THE CALENDAR YEAR.
HEAD START PROGRAMS PROVIDE EDUCATIONAL, SOCIAL, PSYCHOLOGICAL, HEALTH, NUTRITION AND PARENT EDUCATION SERVICES. THE Y'S HEAD START PROGRAMS PROVIDED $19,747,983 THIS YEAR IN REDUCED FEES TO APPROXIMATELY 1,700 CHILDREN RANGING FROM INFANTS TO 4 YEARS OLD, AS WELL AS THEIR FAMILIES.
THE Y IN CENTRAL MARYLAND'S PROGRAMMING FOR CHILDREN AND YOUTH, INCLUSIVE OF FULL-DAY EARLY CHILDHOOD DEVELOPMENT, BEFORE AND AFTER SCHOOL ENRICHMENT, SUMMER CAMP AND A WIDE VARIETY OF RELATED PROGRAMS, PROVIDES SAFE, ENGAGING, DEVELOPMENTALLY APPROPRIATE AND HEALTHY YOUTH ASSET DEVELOPMENT EXPERIENCES. ALL SUCH PROGRAMS ARE DESIGNED TO EITHER PREPARE CHILDREN FOR SCHOOL OR TO INCREASE THEIR CHANCES FOR SUCCESS IN SCHOOL AND LIFE. THE Y'S YOUTH DEVELOPMENT PROGRAMS PROVIDED $4,985,298 THIS YEAR IN REDUCED FEES TO APPROXIMATELY 16,100 CHILDREN.
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
General Maintenance Services Llc Cleaning & Maintenance Services | 12/30/21 | $514,412 |
Abm Janitorial Services Cleaning & Maintenance Services | 12/30/21 | $839,733 |
Hencken & Gaines Inc General Construction Contractor | 12/30/21 | $1,566,594 |
Mechanical Engineering & Construction General Construction & Equipment Repairs | 12/30/21 | $453,653 |
Monocacy Builders Llc General Construction Contractor | 12/30/21 | $560,148 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $387,325 |
| Related organizations | $0 |
| Government grants | $22,569,497 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,636,982 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,593,804 |
| Total Program Service Revenue | $40,144,922 |
| Investment income | $78,434 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$68,221 |
| Net Income from Fundraising Events | -$20,095 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $88,728,844 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,314,327 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,685,506 |
| Compensation of current officers, directors, key employees. | $1,496,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $32,873,402 |
| Pension plan accruals and contributions | $938,303 |
| Other employee benefits | $3,152,773 |
| Payroll taxes | $4,690,839 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,022 |
| Fees for services: Accounting | $49,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,786,551 |
| Advertising and promotion | $1,278,111 |
| Office expenses | $577,784 |
| Information technology | $606,866 |
| Royalties | $0 |
| Occupancy | $8,824,724 |
| Travel | $324,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383,320 |
| Interest | $1,876,723 |
| Payments to affiliates | $379,064 |
| Depreciation, depletion, and amortization | $6,768,422 |
| Insurance | $519,846 |
| All other expenses | $173,089 |
| Total functional expenses | $74,588,860 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,809,326 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $376,799 |
| Accounts receivable, net | $5,185,905 |
| 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 | $1,004,092 |
| Net Land, buildings, and equipment | $77,656,231 |
| Investments—publicly traded securities | $807,458 |
| Investments—other securities | $590,003 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $567,258 |
| Total assets | $107,997,072 |
| Accounts payable and accrued expenses | $6,053,264 |
| Grants payable | $0 |
| Deferred revenue | $1,574,753 |
| Tax-exempt bond liabilities | $41,873,033 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $272,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,153,095 |
| Total liabilities | $64,926,565 |
| Net assets without donor restrictions | $41,401,042 |
| Net assets with donor restrictions | $1,669,465 |
| 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 | $107,997,072 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Young Mens Christian Association Of Central Maryland Inc has recieved totaling $356,182.
| Awarding Organization | Amount |
|---|---|
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $98,970 |
Alliance For Open Society International Inc New York, NY PURPOSE: TO PROVIDE COVID-19 HEALTH INFORMATION TO BALTIMORE CITY YOUTH AND ASSIST IN REMOVING BARRIERS TO ACCESS TO COVID-19 VACCINATIONS | $60,000 |
The United Way Of Central Maryland Inc Baltimore, MD PURPOSE: DESIGNATED AND OR GRANTED IN SUPPORT OF AGENCY PROGRAMS | $41,851 |
Baltimore Community Foundation Inc Baltimore, MD PURPOSE: GENERAL SUPPORT AND VARIOUS PROJECTS | $38,379 |
Venable Baetjer And Howard Foundation Baltimore, MD PURPOSE: MARYLAND Y YOUTH & GOVERNMENT CITY INITIATIVE | $35,000 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $20,500 |