Young Mens Christian Association Inc-Randolp-Asheboro
- Assets
- $4.6m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 161
- Location
- Asheboro, NC
- Founding
- 06/1971
- Data as of
- 12/2021
- EIN
- 56-0991786
Organization Overview
Young Mens Christian Association Inc-Randolp-Asheboro is located in Asheboro, NC. The organization was established in 1971. 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, Young Mens Christian Association Inc-Randolp-Asheboro employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Young Mens Christian Association Inc-Randolp-Asheboro 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 Inc-Randolp-Asheboro generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) 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
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HEALTHY LIVING, PHYSICAL EDUCATION AND RECREATIONAL PROGRAMS FOR MEMBERS AND OTHER COMMUNITY GROUPS THROUGH PROGRAMS IN AQUATICS, HEALTH & WELLNESS (FITNESS), YOUTH AND ADULT SPORTS, YOUTH ACTIVITIES, SUMMER DAY CAMPS, AFTER SCHOOL FUN CLUBS AND OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $39,436 |
| Membership dues | $0 |
| Fundraising events | $63,180 |
| Related organizations | $0 |
| Government grants | $237,977 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,843 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $425,436 |
| Total Program Service Revenue | $1,372,400 |
| Investment income | $7,172 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $10,258 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $6,102 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,821,743 |
| 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. | $122,588 |
| Compensation of current officers, directors, key employees. | $73,553 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $391,801 |
| Pension plan accruals and contributions | $38,716 |
| Other employee benefits | $71,128 |
| Payroll taxes | $65,948 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,599 |
| Advertising and promotion | $23,829 |
| Office expenses | $1,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $132,821 |
| Travel | $9,848 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,613 |
| Interest | $56,473 |
| Payments to affiliates | $25,275 |
| Depreciation, depletion, and amortization | $219,842 |
| Insurance | $47,080 |
| All other expenses | $0 |
| Total functional expenses | $1,509,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $723,213 |
| Pledges and grants receivable | $19,218 |
| Accounts receivable, net | $287,563 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,559,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,589,903 |
| Accounts payable and accrued expenses | $97,060 |
| Grants payable | $10,000 |
| Deferred revenue | $27,185 |
| 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 | $681,893 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $816,138 |
| Net assets without donor restrictions | $3,705,405 |
| Net assets with donor restrictions | $68,360 |
| 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 | $4,589,903 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Young Mens Christian Association Inc-Randolp-Asheboro has recieved totaling $38,790.
| Awarding Organization | Amount |
|---|---|
United Way Of Randolph Co Inc Asheboro, NC PURPOSE: Offers traditional recreation programs of basketball, swimming, soccer, and aerobics, and classes for the physically and developmentally handicapped and for senior adults. | $38,790 |
Endowment Analysis
| Beg. Balance | $30,049 |
| Earnings | $19 |
| Ending Balance | $30,068 |