Civic Intelligence

Kennebec Valley YMCA

990 • Fiscal year 2018 • EIN 01-0211811

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 12, 2019

31 Union StreetAugusta, ME 04330

(207) 622-9622

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.34x

Higher debt load relative to assets than 67% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

83rd percentile

1.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

16th percentile

-13%

Higher net margin than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

46th percentile

$112,520

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

16th percentile

-6.6%

Faster asset growth than 16% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

52nd percentile

4.4%

Faster revenue growth than 52% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Down

$8,628,554

Down $610,696 (-6.6%) from 2017

Net Assets

Down

$5,683,375

Down $530,640 (-8.5%) from 2017

Liabilities

Down

$2,945,179

Down $80,056 (-2.6%) from 2017

Revenue

Up

$2,669,541

Up $112,342 (+4.4%) from 2017

Expenses

Up

$3,015,249

Up $106,580 (+3.7%) from 2017

Net Income

Up

-$345,708

Up $5,762 (+1.6%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2011: $9,764,547Liabilities 2011: $3,121,087Net Assets 2011: $6,643,4602011Assets 2012: $9,604,071Liabilities 2012: $3,059,139Net Assets 2012: $6,544,9322012Assets 2013: $9,257,353Liabilities 2013: $2,985,076Net Assets 2013: $6,272,2772013Assets 2014: $9,188,157Liabilities 2014: $3,037,426Net Assets 2014: $6,150,7312014Assets 2015: $9,453,436Liabilities 2015: $3,023,959Net Assets 2015: $6,429,4772015Assets 2016: $9,496,973Liabilities 2016: $3,087,771Net Assets 2016: $6,409,2022016Assets 2017: $9,239,250Liabilities 2017: $3,025,235Net Assets 2017: $6,214,0152017Assets 2018: $8,628,554Liabilities 2018: $2,945,179Net Assets 2018: $5,683,3752018Assets 2019: $8,773,224Liabilities 2019: $3,049,975Net Assets 2019: $5,723,2492019Assets 2020: $8,668,582Liabilities 2020: $2,872,929Net Assets 2020: $5,795,6532020Assets 2021: $9,025,672Liabilities 2021: $2,761,448Net Assets 2021: $6,264,2242021Assets 2022: $7,900,443Liabilities 2022: $2,512,714Net Assets 2022: $5,387,7292022Assets 2023: $7,717,441Liabilities 2023: $1,968,039Net Assets 2023: $5,749,4022023Assets 2024: $7,632,257Liabilities 2024: $1,946,567Net Assets 2024: $5,685,6902024

Highlighted filing

2018

Assets$8,628,554
Liabilities$2,945,179
Net Assets$5,683,375

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2011: $2,119,522Expenses 2011: $2,529,264Net Income 2011: -$409,7422011Revenue 2012: $2,341,588Expenses 2012: $2,487,120Net Income 2012: -$145,5322012Revenue 2013: $2,186,524Expenses 2013: $2,513,723Net Income 2013: -$327,1992013Revenue 2014: $2,422,921Expenses 2014: $2,559,786Net Income 2014: -$136,8652014Revenue 2015: $3,139,454Expenses 2015: $2,769,050Net Income 2015: $370,4042015Revenue 2016: $2,788,701Expenses 2016: $2,844,348Net Income 2016: -$55,6472016Revenue 2017: $2,557,199Expenses 2017: $2,908,669Net Income 2017: -$351,4702017Revenue 2018: $2,669,541Expenses 2018: $3,015,249Net Income 2018: -$345,7082018Revenue 2019: $2,849,188Expenses 2019: $3,082,904Net Income 2019: -$233,7162019Revenue 2020: $2,611,915Expenses 2020: $2,723,336Net Income 2020: -$111,4212020Revenue 2021: $3,123,548Expenses 2021: $2,875,307Net Income 2021: $248,2412021Revenue 2022: $2,624,338Expenses 2022: $3,102,967Net Income 2022: -$478,6292022Revenue 2023: $3,564,671Expenses 2023: $3,343,388Net Income 2023: $221,2832023Revenue 2024: $3,113,558Expenses 2024: $3,305,630Net Income 2024: -$192,0722024

Highlighted filing

2018

Revenue$2,669,541
Expenses$3,015,249
Net Income-$345,708
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 12, 2019
Return Version
2018v3.1
Gross Receipts
$2,699,510
Mission and Program Overview

Mission

The purpose of the Kennebec Valley YMCA is to improve the spiritual, mental, emotional, social and physical condition of its members and others to whom its influence extends. Our mission is to provide the community with an inspirational environment for the enrichment of all people, through social recreation and learning activities. Caring, honesty, respect and responsibility are the basis for all that we do. We're for youth development, healthy living and social responsibility. We welcome everyone, regardless of age, race, sex, faith, ethnicity, ability or religion. KVYMCA membership activities create supportive communities of members who are involved in a variety of enriching activities, recreational and supportive social networks, and a sense of belonging. The KVYMCA encourages volunteerism in our programs. Dues are based on community affordability, and financial assistance is available for those who cannot afford to pay the full cost of membership.

The purpose of the Kennebec Valley YMCA is to provide the community with an inspirational environment for the enrichment of all people, through social, recreational and learning activities. Caring, honesty, respect and responsibility are the basis for all we do.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,884,468$6,546,838▼ $337,630
Investments in Publicly Traded Securities$1,186,150$1,200,931▲ $14,781
Savings and Temporary Cash Investments$258,484$157,498▼ $100,986
Accounts Receivable$79,215$104,532▲ $25,317
Pledges and Grants Receivable$139,919$15,874▼ $124,045
Prepaid Expenses and Deferred Charges$11,944$6,282▼ $5,662
Cash and Non-Interest-Bearing Accounts$650$650→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors-$0-
Total Assets$9,239,250$8,628,554▼ $610,696
Other Assets Total$678,420$595,949▼ $82,471
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,743,887$2,666,147▼ $77,740
Accounts Payable and Accrued Expenses$98,097$133,203▲ $35,106
Deferred Revenue$90,414$93,618▲ $3,204
Other Liabilities$92,837$52,211▼ $40,626
Unsecured Notes Loans Payable$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$3,025,235$2,945,179▼ $80,056
Net Assets / Fund Balance
Unrestricted Net Assets$4,315,058$3,955,029▼ $360,029
Permanently Rstr Net Assets$1,655,942$1,608,866▼ $47,076
Temporarily Rstr Net Assets$243,015$119,480▼ $123,535
Total Net Assets Fund Balance$6,214,015$5,683,375▼ $530,640
Total Liabilities and Net Assets / Fund Balance$9,239,250$8,628,554▼ $610,696

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,111,289$4,405,873$10,517,162
Equipment$216,166$556,149$772,315
Land$219,383-$219,383
Other Assets Org$87,292--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$1,186,150$135,655▼ $81,463$32,000$1,200,931
2017$942,083$115,470▲ $135,287$0$1,186,150
2016$462,923$425,177▲ $58,893$0$942,083
2015$375,643$86,346▲ $4,005$0$462,923
2014$238,163$120,850▲ $18,960$0$375,643
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Executive DirectorFT$101,769$10,751$112,520

Board Members and Trustees

NameTitle
-President
-Vice-President
-Director
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$383,153
Program Service Revenue
$2,186,681
Investment Income
$67,224
Other Revenue
$32,483
All Other Contributions
$268,896
Change in Net Assets
$-345,708

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,669,541
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-201,951
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,467,590
Total Revenue per Form 990
$2,669,541
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,610,505
Other Expenses$1,387,725
Total Fundraising Expense$113,202
Grants and Similar Amounts Paid$17,019
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,132,579$77,463$32,404$1,242,446
Occupancy$345,963$83,271$8,747$437,981
Depreciation Depletion$339,324$79,588-$418,912
Other Employee Benefits$199,446$43,866$12,228$255,540
Current Officers, Directors, Trustees, and Key Employees-$56,260$56,259$112,519
Interest$83,163$28,665-$111,828
Fees for Services Other$20,095$66,896$0$86,991
All Other Expenses$949$50,433$3,263$54,645
Payments to Affiliates$0$42,608$0$42,608
Insurance$22,698$17,536-$40,234
Office Expenses$1,484$27,072-$28,556
Grants to Domestic Orgs$17,019--$17,019
Conferences and Meetings$11,661$5,034$11$16,706
Fees for Services Accounting-$11,960-$11,960
Other Expenses$8,983$-342$290$8,983
Travel-$6,666-$6,666
Total Functional Expenses$2,270,163$631,884$113,202$3,015,249

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,015,249
Total Expenses per Form 990$3,015,249
Total Expenses per Audited Statements$2,998,230
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Expenses Not Reported on Form 990$-17,019
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lithgow LibraryAugusta, ME501(c)(3)Support to Capital Campaign$17,019
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$61,530
Fundraising Direct Expenses$29,969
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Autumn Auction$50,309$27,950$4,087$23,863
Raffle$37,400$17,900$441$17,459
Total Events$127,994$61,530$29,969$31,561
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Obligations under capital leases$52,211
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B Review of form 990 by governing body

The Form 990 and attachments are reviewed by the Executive Director and the Board Treasurer prior to filing. Additionally, board members are made aware of the availability of the Form 990 prior to filing.

Form 990, Part VI, Line 12C Conflict of interest policy

Periodic reviews are conducted by the Executive Committee or by a special or ad hoc committee appointed for that purpose.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The Board of Directors determines the compensation for the Executive Director by using comparable data and other sources of information.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflict of interest policy and financial statements are available to the general public upon request.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Other Program Revenue - Total Revenue: 417537, Related or Exempt Function Revenue: 417537, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Residence Revenue - Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Kennebec Valley YMCA
EIN
01-0211811
Phone
2076229622
Address
31 Union Street, Augusta, ME 04330

Signing Officer

Name
Tom Warren
Title
Executive Director
Signed
2019-06-12
Discuss with paid preparer
Yes

Organization Details

Formed
1914
Legal Domicile
Me
Voting Board Members
18
Independent Board Members
18
Employees
175
Volunteers
364

Preparer

Firm
Gibson LeClair LLC
Address
150 Capitol Street Suite 3, Augusta, ME 04330-6858
Preparer
Stephen L LeClair CPA
Phone
2076238401
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Explanation

In the current year, the organization had no change in the Board's process for choosing an independent accountant or in overseeing the audit process.

Financial Statement Notes

Schedule D, Part V, Line 4 Intended uses of endowment funds

The income from the Endowment fund is expended to support the activities of the Organization.

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

The YMCA has received a favorable determination letter from the Internal Revenue Service stating that it is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 (IRC), as an organization described in Section 501(c)(3), except for income taxes pertaining to unrelated business income. The Financial Accounting Standards Board (FASB) guidance requires tax effects from uncertain tax positions to be recognized in the financial statements only if the position is more likely than not to be sustained if the position were to be challenged by a taxing authority. Management has determined that there are no material uncertain positions that require recognition in the financial statements. Additionally, no provision for income taxes is reflected in these financial statements. Interest and penalties would be recognized as tax expense. However, there are no interest or penalties recognized in the statements of activities. The tax years after 2014 are still open to audit for federal purposes.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Change in beneficial interest in perpetual trusts - -70355 Grant paid from special events expenses - -17019

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Grant paid from special events expenses - -17019

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IRS990/Desc0The KV YMCA works to ensure all individuals have the support they need to achieve their full potential. Through our two facilities in Augusta and Manchester, Maine, we work to provide services addressing its most critical social issues such as youth development, healthy living and social responsibility. Youth development programs focus on providing safe, nurturing environments and opportunities to cultivate their interests, pursue their potential while focusing on education and health. Our learning center program provides education and care for children 6 weeks old to 5 years old (additional details provided on page 36). Camp KV and Julia Clukey's Camp for Girls focuses on children's personal and social development as well as building confidence, skills and interests. Our Diabetes Prevention Program educates adults on how to reduce their risk of developing diabetes through nutrition and exercise. LIVESTRONG is a free health program designed to support adult cancer survivors by building muscle mass and strength while focusing on overall well-being during and after treatment. Our facilities provide the community with many physical fitness options. We offer both group and individual classes. Youth classes include activities such as soccer, gymnastics, Kids Zumba, Disc Golf, and basketball. Adult classes include a variety of cardio, strength and toning options, including: barbell class, spin, triathlon training, Bootcamp, TRX, kickboxing, open gym, basketball, weights, fitness equipment Pilates, silver sneakers classes and personal training classes. The Augusta facility provides access to a competition and a family pool. Our aquatics program promotes fitness and water safety for all ages and abilities. Our Child Watch service encourages parents to work out while our staff provides safe onsite childcare.
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IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
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IRS990/MissionDesc0The purpose of the Kennebec Valley YMCA is to provide the community with an inspirational environment for the enrichment of all people, through social, recreational and learning activities. Caring, honesty, respect and responsibility are the basis for all we do.
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IRS990/OtherExpensesGrp/Desc2Bad debts/provision for uncollectible promises
IRS990/OtherExpensesGrp/Desc3Repairs and maintenance
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt114429
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0TOM WARREN
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IRS990/ProgramServiceRevenueGrp/Desc3Childcare Revenue -- School Age
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IRS990/RelatedEntityInd0false
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.63$1.95$5.69$3.11$3.31$0.19
2023Detailed filing. Detailed filing data is available for this year.$7.72$1.97$5.75$3.56$3.34$0.22
2022Detailed filing. Detailed filing data is available for this year.$7.90$2.51$5.39$2.62$3.10$0.48
2021Detailed filing. Detailed filing data is available for this year.$9.03$2.76$6.26$3.12$2.88$0.25
2020Detailed filing. Detailed filing data is available for this year.$8.67$2.87$5.80$2.61$2.72$0.11
2019Detailed filing. Detailed filing data is available for this year.$8.77$3.05$5.72$2.85$3.08$0.23
2018Detailed filing. Detailed filing data is available for this year.$8.63$2.95$5.68$2.67$3.02$0.35
2017Detailed filing. Detailed filing data is available for this year.$9.24$3.03$6.21$2.56$2.91$0.35
2016Detailed filing. Detailed filing data is available for this year.$9.50$3.09$6.41$2.79$2.84$0.06
2015Detailed filing. Detailed filing data is available for this year.$9.45$3.02$6.43$3.14$2.77$0.37
2014Detailed filing. Detailed filing data is available for this year.$9.19$3.04$6.15$2.42$2.56$0.14
2013Summary only. Only limited summary data is available for this year.$9.26$2.99$6.27$2.19$2.51$0.33
2012Summary only. Only limited summary data is available for this year.$9.60$3.06$6.54$2.34$2.49$0.15
2011Summary only. Only limited summary data is available for this year.$9.76$3.12$6.64$2.12$2.53$0.41