Young Mens Christian Association Of The Chesapeake Inc
- Assets
- $84.2m
- Revenue
- $28.3m
- Investments
- $7.2m
- Employees
- 931
- Location
- Easton, MD
- Founding
- 11/1955
- Data as of
- 12/2021
- EIN
- 52-0646895
Organization Overview
Young Mens Christian Association Of The Chesapeake Inc is located in Easton, MD. The organization was established in 1955. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Young Mens Christian Association Of The Chesapeake Inc employed 931 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Of The Chesapeake Inc 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, Young Mens Christian Association Of The Chesapeake Inc generated $28.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $13.3m during the year ending 12/2021. While expenses have increased by 4.8% 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
THE YMCA OF THE CHESAPEAKE, INC. EXISTS TO ENSURE FULFILLMENT OF THE MISSION OF PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRITS, MINDS AND BODIES FOR ALL. YMCA PROGRAMS FOCUS ON FIVE CORE VALUES: CARING, HONESTY, RESPECT, RESPONSIBILITY, AND FAITH. MEN, WOMEN, AND CHILDREN OF ALL RACES, ABILITIES, INCOME AND RELIGIONS ARE SERVED. NO ONE IS TURNED AWAY FROM MEMBERSHIP AND PROGRAMS DUE TO INABILITY TO PAY, AS WE PROVIDE FINANCIAL ASSISTANCE TO THOSE IN NEED.
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 KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS DAY CAMPS, AFTER SCHOOL CARE, AND PRESCHOOL CAMPS, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR EVERY YOUNG PERSON WE ENGAGE.
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 FOR MORE THAN 60 YEARS. Y PROGRAMS, SUCH AS LEARN TO SWIM PROGRAMS, SUMMER LEARNING PROGRAMS TO HELP COMBAT SUMMER LEARNING LOSS, EARLY LEARNING PROGRAMS FOR PARTICIPANTS AND CAREGIVERS, AND PROGRAMMING PROVIDING SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS TO STRENGTHEN COMMUNITY PARTNERSHIPS ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES.
HEALTHY LIVING - THE Y IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, OVER 2,500 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 PROGRAMS ARE ACCESSIBLE, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS.
VARIOUS OTHER ACTIVITIES, ADMINISTRATIVE AND OCCUPANCY EXPENSES RELATED TO PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gillis Gilkerson General Contractor For Construction | 12/30/21 | $0 |
Becker Morgan Group Architect And Engineering Contractor | 12/30/21 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $2,750 |
| Membership dues | $0 |
| Fundraising events | $101,674 |
| Related organizations | $0 |
| Government grants | $3,743,227 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,664,095 |
| Noncash contributions included in lines 1a–1f | $631,912 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,511,746 |
| Total Program Service Revenue | $9,595,755 |
| Investment income | $489,788 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $622,165 |
| Net Income from Fundraising Events | $49,045 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,289,184 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $273,106 |
| Compensation of current officers, directors, key employees. | $136,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,579,105 |
| Pension plan accruals and contributions | $397,508 |
| Other employee benefits | $0 |
| Payroll taxes | $661,427 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $15,506 |
| Fees for services: Accounting | $22,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $103,313 |
| Fees for services: Other | $561,871 |
| Advertising and promotion | $115,895 |
| Office expenses | $656,963 |
| Information technology | $392,391 |
| Royalties | $0 |
| Occupancy | $1,597,259 |
| Travel | $33,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,804 |
| Interest | $251,512 |
| Payments to affiliates | $164,344 |
| Depreciation, depletion, and amortization | $1,676,512 |
| Insurance | $228,031 |
| All other expenses | $0 |
| Total functional expenses | $13,267,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,956,845 |
| Savings and temporary cash investments | $4,020,022 |
| Pledges and grants receivable | $8,703,641 |
| Accounts receivable, net | $52,077 |
| Loans from Officers, Directors, or Controlling Persons | $200,000 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $14,395 |
| Net Land, buildings, and equipment | $52,514,115 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,219,809 |
| Investments—program-related | $0 |
| Intangible assets | $55,287 |
| Other assets | $5,472,656 |
| Total assets | $84,208,847 |
| Accounts payable and accrued expenses | $1,678,248 |
| Grants payable | $0 |
| Deferred revenue | $124,328 |
| 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 | $6,628,334 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,430,910 |
| Net assets without donor restrictions | $55,060,202 |
| Net assets with donor restrictions | $20,717,735 |
| 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 | $84,208,847 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Young Mens Christian Association Of The Chesapeake Inc has recieved totaling $463,770.
| Awarding Organization | Amount |
|---|---|
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: ST. MICHAELS FACILITY CAPITAL CAMPAIGN | $100,000 |
Community Foundation Of The Eastern Shore Inc Salisbury, MD PURPOSE: HUMAN SERVICES | $96,000 |
Caroline Foundation Inc Denton, MD PURPOSE: OPEN DOOR PROGRAM | $60,000 |
Eastern Shore Of Virginia Community Foundation Onley, VA PURPOSE: To assist in the construction of a field house / gym for the center on Chincoteague | $50,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $32,250 |
Clark Charitable Foundation Inc Bethesda, MD PURPOSE: GENERAL OPERATING SUPPORT OF SOCIAL SERVICES | $25,000 |
Endowment Analysis
| Beg. Balance | $6,629,856 |
| Earnings | $821,326 |
| Admin Expense | $63,867 |
| Net Contributions | $7,835 |
| Other Expense | $95,075 |
| Ending Balance | $7,300,075 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |
Lenfest Foundation Inc Philadelphia, PA | $0 | $560,962 |