Greater Kingsport Family Young Mens
- Assets
- $10.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 306
- Location
- Kingsport, TN
- Founding
- 08/1984
- Data as of
- 12/2021
- EIN
- 58-1564232
Organization Overview
Greater Kingsport Family Young Mens is located in Kingsport, TN. The organization was established in 1984. 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, Greater Kingsport Family Young Mens employed 306 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Kingsport Family Young Mens 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, Greater Kingsport Family Young Mens generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 5.7% 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
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY.
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 WELLNESS, OUTDOOR RECREATION, FUN, AND SHARED INTERESTS. THIS IS ACCOMPLISHED THROUGH PROGRAMS LIKE OUR GROUP EXERCISE CLASSES, THE Y'S DIABETES PREVENTION PROGRAMS, PARKINSON'S CYCLING AND SUPPORT GROUPS, AND HEALTHY KIDS DAY. AS A RESULT, MORE THAN 23,000 PEOPLE IN OUR COMMUNITY HAVE ACCESS TO 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 A MENTAL HEALTH AND OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS AND BACKGROUNDS.
YOUTH DEVELOPMENT: OUR Y IS COMMITTED TO NUTURING 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 Y PROGRAMS SUCH AS CAMP IRONWOOD, HYPE CAMP, S.O.A.R., ADVENTURE KIDS, MINI EXPLORERS CAMP, PRE-SCHOOL PLAY DATE, AFTERSCHOOL, CHILDWATCH, AND Y ON WHEELS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUDSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR 61% OF THE YOUNG PEOPLE WE ENGAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Cousineau Ceo/presiden | OfficerTrustee | 50 | $131,694 |
Rebecca Ketchie Board Secret | OfficerTrustee | 2 | $0 |
Rev Kenneth Calvert Board Member | Trustee | 1 | $0 |
Rob Emery Board Chair/ | Trustee | 3 | $0 |
Clay Rolston Past Chair | Trustee | 2 | $0 |
Pat Breeding Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,551,185 |
| All other contributions, gifts, grants, and similar amounts not included above | $445,660 |
| Noncash contributions included in lines 1a–1f | $88,061 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,996,845 |
| Total Program Service Revenue | $1,765,638 |
| Investment income | $11,996 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $17,049 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,791,528 |
| 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. | $145,859 |
| Compensation of current officers, directors, key employees. | $26,255 |
| Compensation to disqualified persons | $80,517 |
| Other salaries and wages | $1,864,233 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $216,799 |
| Payroll taxes | $158,494 |
| 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 | $0 |
| Advertising and promotion | $24,340 |
| Office expenses | $1,451 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $278,233 |
| Travel | $38,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,758 |
| Interest | $42,373 |
| Payments to affiliates | $47,028 |
| Depreciation, depletion, and amortization | $460,762 |
| Insurance | $58,425 |
| All other expenses | $16,131 |
| Total functional expenses | $4,717,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,630,035 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $309,217 |
| Accounts receivable, net | $247,696 |
| 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 | $16,507 |
| Net Land, buildings, and equipment | $7,458,074 |
| Investments—publicly traded securities | $19,414 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,100 |
| Total assets | $10,705,043 |
| Accounts payable and accrued expenses | $161,163 |
| Grants payable | $0 |
| Deferred revenue | $80,018 |
| 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 | $1,156,572 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $45,871 |
| Total liabilities | $1,443,624 |
| Net assets without donor restrictions | $8,894,247 |
| Net assets with donor restrictions | $367,172 |
| 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 | $10,705,043 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Greater Kingsport Family Young Mens has recieved totaling $70,000.
| Awarding Organization | Amount |
|---|---|
Eastman Foundation Kingsport, TN PURPOSE: COVID-19 RELIEF | $30,000 |
Truist Foundation Inc Orlando, FL PURPOSE: GENERAL OPERATING | $15,000 |
Eastman Credit Union Kingsport, TN PURPOSE: CAPITAL CAMPAIGN | $15,000 |
Speedway Childrens Charities Concord, NC PURPOSE: EDUCATIONAL | $9,000 |
Organization Name not Listed PURPOSE: FOR GENERAL USE | | $1,000 |
Endowment Analysis
| Beg. Balance | $16,152 |
| Earnings | $3,262 |
| Ending Balance | $19,414 |