Young Mens Christian Association Of Northwest North Carolina
- Assets
- $60.6m
- Revenue
- $26.4m
- Investments
- $0.0
- Employees
- 1,612
- Location
- Winston Salem, NC
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 56-0530015
Organization Overview
Young Mens Christian Association Of Northwest North Carolina, operating under the name YMCA of Northwest North Carolina, is located in Winston Salem, NC. The organization was established in 1942. 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, YMCA of Northwest North Carolina employed 1,612 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. YMCA of Northwest North Carolina 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, YMCA of Northwest North Carolina generated $26.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $24.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING ALL PEOPLE REACH THEIR GOD-GIVEN POTENTIAL IN SPIRIT, MIND AND BODY. SEE SCHEDULE O FOR VALUES, AREAS OF FOCUS, AND OTHER PERTINENT INFORMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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, THOUSANDS OF PEOPLE IN OUR COMMUNITY RECEIVED THE SUPPORT, GUIDANCE, AND RESOURCES THEY NEEDED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND, AND BODY. THIS SUPPORT IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS AND INCREASINGLY HIGH RATES OF PREVENTABLE DISEASES, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. THE Y IS A PLACE FOR PEOPLE OF ALL AGES TO PURSUE WELLNESS GOALS, WHETHER IT IS YOUNG CHILDREN LEARNING LIFELONG HEALTHY HABITS, ADULTS WORKING TO PREVENT CHRONIC DISEASE THROUGH EXERCISE AND NUTRITION, OR SENIORS MAINTAINING A HIGH QUALITY OF LIFE THROUGH PHYSICAL ACTIVITY AND FRIENDSHIP. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES, AND INCOME LEVELS. FOR ADDITIONAL DETAILS REGARDING THESE CRITICAL PROGRAMS AND THEIR IMPACT, SEE SCHEDULE O.
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 CHILD CARE, CAMPING, YOUTH AND GOVERNMENT, AND BLACK AND LATINO ACHIEVERS) OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL SCHOLARSHIPS THAT MAKE PARTICIPATION POSSIBLE FOR MANY OF THE YOUNG PEOPLE WE ENGAGE. FOR ADDITIONAL DETAILS REGARDING THESE CRITICAL PROGRAMS AND THEIR IMPACT, SEE SCHEDULE O.
SOCIAL RESPONSIBILITY - OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITIES' MOST CRITICAL SOCIAL NEEDS FOR 133 YEARS. IN 2021, WE PROVIDED $1,157,408 OF DIRECT FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE WOULD HAVE FACED ECONOMIC BARRIERS TO PARTICIPATION. Y PROGRAMS, SUCH AS OUR LITERACY INITIATIVE, ENGLISH AS A SECOND LANGUAGE, OUTDOOR EDUCATION, AND PARTNERSHIPS WITH UNDER-SERVED COMMUNITIES ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES, AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. IN 2021, WE ENGAGED OVER 6,000 YMCA MEMBERS, PARTICIPANTS, AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE. FOR ADDITIONAL DETAILS REGARDING THESE CRITICAL PROGRAMS AND THEIR IMPACT, SEE SCHEDULE O.
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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 |
|---|---|---|
Budd Group Janitorial & Landscaping Services | 12/30/21 | $795,853 |
Great American Insurance Co Insurance Coverage | 12/30/21 | $362,697 |
Sylvester & Cockrum Hvac Replacement & Repair | 12/30/21 | $344,969 |
Les Mills Training & Virtual Content | 12/30/21 | $113,828 |
Daxko Software-as-a-service Fees & Merchant Cc Svcs | 12/30/21 | $666,095 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $350,660 |
| Membership dues | $0 |
| Fundraising events | $58,735 |
| Related organizations | $0 |
| Government grants | $3,305,696 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,943,756 |
| Noncash contributions included in lines 1a–1f | $109,501 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,658,847 |
| Total Program Service Revenue | $18,248,484 |
| Investment income | $166,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $33,976 |
| Net Gain/Loss on Asset Sales | $86,871 |
| Net Income from Fundraising Events | $185,913 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $27,042 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,407,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $9,452 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $485,412 |
| Compensation of current officers, directors, key employees. | $430,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,493,368 |
| Pension plan accruals and contributions | $178,765 |
| Other employee benefits | $964,625 |
| Payroll taxes | $869,474 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,369 |
| Fees for services: Accounting | $26,650 |
| Fees for services: Lobbying | $4,447 |
| Fees for services: Fundraising | $71,500 |
| Fees for services: Investment Management | $29,801 |
| Fees for services: Other | $610,296 |
| Advertising and promotion | $262,891 |
| Office expenses | $1,216,452 |
| Information technology | $896,135 |
| Royalties | $0 |
| Occupancy | $4,466,610 |
| Travel | $243,845 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,511 |
| Interest | $570,838 |
| Payments to affiliates | $278,525 |
| Depreciation, depletion, and amortization | $2,357,418 |
| Insurance | $151,631 |
| All other expenses | $0 |
| Total functional expenses | $24,356,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,355 |
| Savings and temporary cash investments | $9,032,608 |
| Pledges and grants receivable | $1,553,085 |
| Accounts receivable, net | $747,702 |
| 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 | $210,745 |
| Net Land, buildings, and equipment | $45,448,180 |
| Investments—publicly traded securities | $3,591,698 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,596,373 |
| Accounts payable and accrued expenses | $1,207,537 |
| Grants payable | $0 |
| Deferred revenue | $1,220,773 |
| Tax-exempt bond liabilities | $14,829,365 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,318,925 |
| Unsecured mortgages and notes payable | $3,497,090 |
| Other liabilities | $10,629 |
| Total liabilities | $22,084,319 |
| Net assets without donor restrictions | $34,576,983 |
| Net assets with donor restrictions | $3,935,071 |
| 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 | $60,596,373 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that Young Mens Christian Association Of Northwest North Carolina has recieved totaling $923,465.
| Awarding Organization | Amount |
|---|---|
Winston-Salem Foundation Winstonsalem, NC PURPOSE: 77 GRANT(S) FOR VARYING PURPOSES | $265,345 |
National Council Of Young Mens Christian Assns Of The Usa Chicago, IL PURPOSE: Program Support | $207,448 |
United Way Of Forsyth County Inc Winstonsalem, NC PURPOSE: GENERAL SUPPORT | $204,179 |
Twin City Development Foundation Winstonsalem, NC PURPOSE: EDUCATION | $75,000 |
Davie Community Foundation Inc Mocksville, NC PURPOSE: GENERAL SUPPORT | $27,100 |
United Way Of Iredell County Inc Statesville, NC PURPOSE: GENERAL SUPPORT | $23,183 |
Endowment Analysis
| Beg. Balance | $2,806,293 |
| Earnings | $282,436 |
| Admin Expense | $29,801 |
| Net Contributions | $624,705 |
| Other Expense | $91,933 |
| Ending Balance | $3,591,700 |