Frank P Phillips Memorial Ymca
- Assets
- $2.1m
- Revenue
- $1.4m
- Investments
- $16.5k
- Employees
- 122
- Location
- Columbus, MS
- Founding
- 03/1945
- Data as of
- 12/2022
- EIN
- 64-6025994
Organization Overview
Frank P Phillips Memorial Ymca is located in Columbus, MS. The organization was established in 1945. 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 12/2022, Frank P Phillips Memorial YMCA employed 122 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frank P Phillips Memorial YMCA 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 12/2022, Frank P Phillips Memorial YMCA generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% per year over the past 8 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
2022
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. WE PROMOTE YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND, AND BODY FOR ALL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jimmy Woodruff Executive Di | Officer | 40 | $80,000 |
Trip Hairston President | Trustee | 1 | $0 |
Penny Bowen Vice Preside | Trustee | 1 | $0 |
Mary Swedenburg Secretary | OfficerTrustee | 1 | $0 |
Brandt Galloway Treasurer | Trustee | 1 | $0 |
Bain Nickels Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,806 |
| Total Program Service Revenue | $1,116,339 |
| Investment income | $414 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$24,632 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,418,756 |
| 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. | $80,000 |
| Compensation of current officers, directors, key employees. | $80,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $372,255 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,541 |
| Payroll taxes | $59,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,537 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,765 |
| Office expenses | $28,627 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,287 |
| Payments to affiliates | $32,384 |
| Depreciation, depletion, and amortization | $113,357 |
| Insurance | $45,031 |
| All other expenses | $325,273 |
| Total functional expenses | $1,611,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,072 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $27,939 |
| Net Land, buildings, and equipment | $1,684,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $16,544 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,149,635 |
| Accounts payable and accrued expenses | $11,148 |
| Grants payable | $0 |
| Deferred revenue | $23,529 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,489 |
| Total liabilities | $104,166 |
| Net assets without donor restrictions | $2,026,409 |
| Net assets with donor restrictions | $19,060 |
| 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 | $2,149,635 |