Civic Intelligence

Young Mens Christian Association of Central Massachusetts

990 • Fiscal year 2015 • EIN 04-2105885

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 09, 2016

766 Main StreetWorcester, MA 01610

(508) 755-6101

Siviq Scores

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

Liabilities / Assets

69th percentile

0.53x

Higher debt load relative to assets than 69% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Liabilities / Revenue

80th percentile

1.59x

Higher debt load relative to revenue than 80% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Top Officer Pay

27th percentile

$224,772

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2015

Asset Growth

85th percentile

16%

Faster asset growth than 85% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Revenue Growth

23rd percentile

-5.0%

Faster revenue growth than 23% of similar nonprofits.

2015 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2014 to 2015

Assets

Up

$54,917,441

Up $7,752,508 (+16%) from 2014

Net Assets

Down

$26,045,906

Down $1,383,073 (-5.0%) from 2014

Liabilities

Up

$28,871,535

Up $9,135,581 (+46%) from 2014

Revenue

Down

$18,120,727

Down $946,055 (-5.0%) from 2014

Expenses

Up

$17,259,887

Up $698,396 (+4.2%) from 2014

Net Income

Down

$860,840

Down $1,644,451 (-66%) from 2014

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $39,682,915Liabilities 2010: $23,793,316Net Assets 2010: $15,889,5992010Assets 2011: $38,131,038Liabilities 2011: $23,671,715Net Assets 2011: $14,459,3232011Assets 2012: $43,211,828Liabilities 2012: $21,769,481Net Assets 2012: $21,442,3472012Assets 2013: $44,495,078Liabilities 2013: $19,424,952Net Assets 2013: $25,070,1262013Assets 2014: $47,164,933Liabilities 2014: $19,735,954Net Assets 2014: $27,428,9792014Assets 2015: $54,917,441Liabilities 2015: $28,871,535Net Assets 2015: $26,045,9062015Assets 2016: $52,626,488Liabilities 2016: $26,774,607Net Assets 2016: $25,851,8812016Assets 2017: $52,136,569Liabilities 2017: $22,984,812Net Assets 2017: $29,151,7572017Assets 2018: $57,017,803Liabilities 2018: $22,654,669Net Assets 2018: $34,363,1342018Assets 2019: $54,754,151Liabilities 2019: $22,942,755Net Assets 2019: $31,811,3962019Assets 2020: $55,971,070Liabilities 2020: $25,243,365Net Assets 2020: $30,727,7052020Assets 2021: $59,055,753Liabilities 2021: $20,031,565Net Assets 2021: $39,024,1882021Assets 2022: $55,949,263Liabilities 2022: $19,480,348Net Assets 2022: $36,468,9152022Assets 2023: $58,147,364Liabilities 2023: $21,097,414Net Assets 2023: $37,049,9502023Assets 2024: $59,783,016Liabilities 2024: $20,084,878Net Assets 2024: $39,698,1382024

Highlighted filing

2015

Assets$54,917,441
Liabilities$28,871,535
Net Assets$26,045,906

Operations Trend

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $14,560,8742010Expenses 2011: $14,539,0382011Expenses 2012: $14,806,3582012Revenue 2013: $18,258,707Expenses 2013: $17,161,768Net Income 2013: $1,096,9392013Revenue 2014: $19,066,782Expenses 2014: $16,561,491Net Income 2014: $2,505,2912014Revenue 2015: $18,120,727Expenses 2015: $17,259,887Net Income 2015: $860,8402015Revenue 2016: $18,092,343Expenses 2016: $17,813,058Net Income 2016: $279,2852016Revenue 2017: $18,971,484Expenses 2017: $18,125,089Net Income 2017: $846,3952017Revenue 2018: $23,973,112Expenses 2018: $19,409,634Net Income 2018: $4,563,4782018Revenue 2019: $23,653,980Expenses 2019: $24,348,450Net Income 2019: -$694,4702019Revenue 2020: $20,631,458Expenses 2020: $20,857,564Net Income 2020: -$226,1062020Revenue 2021: $25,227,753Expenses 2021: $21,758,561Net Income 2021: $3,469,1922021Revenue 2022: $24,839,296Expenses 2022: $23,907,928Net Income 2022: $931,3682022Revenue 2023: $26,426,168Expenses 2023: $27,214,554Net Income 2023: -$788,3862023Revenue 2024: $30,490,245Expenses 2024: $30,595,228Net Income 2024: -$104,9832024

Highlighted filing

2015

Revenue$18,120,727
Expenses$17,259,887
Net Income$860,840
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 9, 2016
Return Version
2014v6.0
Gross Receipts
$21,608,648
Mission and Program Overview

Mission

The ymca of central massachusetts strengthens the foundations of community through programs and services that support youth development, healthy living and social responsibility.

The ymca of central massachusetts strengthens the foundations of community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$28,446,965$29,282,586▲ $835,621
Investments in Publicly Traded Securities$12,422,012$11,209,086▼ $1,212,926
Pledges and Grants Receivable$3,209,559$2,975,239▼ $234,320
Cash and Non-Interest-Bearing Accounts$2,401,251$356,696▼ $2,044,555
Accounts Receivable$254,922$233,662▼ $21,260
Savings and Temporary Cash Investments$61,739$129,894▲ $68,155
Prepaid Expenses and Deferred Charges$69,189$10,050▼ $59,139
Total Assets$47,164,933$54,917,441▲ $7,752,508
Other Assets Total$299,296$10,720,228▲ $10,420,932
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,838,408$22,643,382▲ $7,804,974
Other Liabilities$3,585,388$4,464,723▲ $879,335
Accounts Payable and Accrued Expenses$1,000,665$1,514,194▲ $513,529
Deferred Revenue$311,493$249,236▼ $62,257
Total Liabilities$19,735,954$28,871,535▲ $9,135,581
Net Assets / Fund Balance
Unrestricted Net Assets$17,811,094$17,114,781▼ $696,313
Temporarily Rstr Net Assets$8,342,766$7,656,006▼ $686,760
Permanently Rstr Net Assets$1,275,119$1,275,119→ $0
Total Net Assets Fund Balance$27,428,979$26,045,906▼ $1,383,073
Total Liabilities and Net Assets / Fund Balance$47,164,933$54,917,441▲ $7,752,508

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$25,666,394$18,178,750$43,845,144
Equipment$498,155$2,835,513$3,333,668
Land$2,242,012-$2,242,012
Other Land Buildings$876,025-$876,025
Other Assets Org$195,459--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$12,298,743-▼ $492,292$645,307$11,161,144
2013$11,770,644-▲ $997,399$469,300$12,298,743
2012$11,027,742-▲ $1,262,902$520,000$11,770,644
2011$6,598,670$3,145,220▲ $1,079,712$-204,140$11,027,742
2010$6,334,359$150,000▼ $57,892$-172,203$6,598,670
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathryn Zingg HunterPresidentFT$200,689$24,083$224,772
Kenneth MierzykowskiExec Vice PresidentFT$133,268$15,992$149,260
Michael StrandVice PresidentFT$131,002$15,720$146,722
Trevor WilliamsDistrict Exec DirectorFT$108,618$13,034$121,652
David ConnellExecutive DirectorFT$103,377$12,405$115,782

Board Members and Trustees

NameTitle
Paula GreenChair
Jack FoleyVice Chair
John DoyleVice Chair
Andrew FurmanBoard Member
Bash TurayBoard Member
Bill BraleyBoard Member
Christopher BramleyBoard Member
David WoodburyBoard Member
Debra SeymourBoard Member
Elisha ErbBoard Member
Fred JenoureBoard Member
John SpillaneBoard Member
M Katherine HesselBoard Member
Mark DonahueBoard Member
Raymond QuinlanBoard Member
Robert G SeegaBoard Member
Ross DikBoard Member
Russell DyeBoard Member
Sandra VelazquezBoard Member
Suzanne WeekesBoard Member
Tim StucchiBoard Member
William C Sullivan JrBoard Member
Steve PitcherAssistant Treasurer
George CoxBranch Representative
Joseph HamiltonBranch Representative
Katrina SweitzerBranch Representative
Ted GallagherBranch Representative
Polly TatumClerk
Jack BerganTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,782,906
Program Service Revenue
$5,050,560
Investment Income
$1,299,028
Other Revenue
$-11,767
All Other Contributions
$2,521,868
Change in Net Assets
$860,840

Audited Revenue Reconciliation

Revenue per Audited Statements
$18,120,727
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-2,243,913
Total Revenue per Audited Statements
$15,876,814
Total Revenue per Form 990
$18,120,727
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$9,528,056
Other Expenses$7,731,831
Total Fundraising Expense$287,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,418,249$1,175,730$130,409$7,724,388
Occupancy$1,549,748$15,814$15,814$1,581,376
Depreciation Depletion$1,095,824$236,768-$1,332,592
Other Employee Benefits$932,402$197,374$17,813$1,147,589
Interest$975,120$63,268$10,374$1,048,762
Fees for Services Other$621,956$267,372$19,749$909,077
Payroll Taxes$543,596$101,398$11,085$656,079
Insurance$225,000$25,000-$250,000
All Other Expenses$140,749$52,742$53,207$246,698
Advertising$67,815$172,267$6,065$246,147
Travel$228,772$5,760$483$235,015
Other Expenses$30,762$62,256$18,352$111,370
Total Functional Expenses$14,362,887$2,609,044$287,956$17,259,887

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$18,139,222
Expenses per Audited Statements$17,259,887
Total Expenses per Form 990$17,259,887
Expenses Not Reported on Form 990$879,335
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,093
Fundraising Gross Income$41,326
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Livestrong Event$58,406-$9,950-
Golf Tournament$79,387$32,930$6,500$26,430
Total Events$146,189$41,326$53,093$-11,767
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Rate Swap Agreement$4,464,723

Bond Issues

BondIssuerIssuedIssue PricePurpose
CMassachusetts Development Finance Agency-series 2015c2015-07-01$14,745,000REFUND REFUNDED BONDS
AMassachusetts Development Finance Agency-series 2015a2015-07-01$5,000,000Project financing/refinancing
BMassachusetts Development Finance Agency-series 2015b2015-07-01$3,000,000Project financing/refinancing

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
C$14,745,000---
A$5,000,000--$201,568
B$3,000,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
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, Section B, Line 11

Prior to filing form 990 the ceo will disburse the form electronically to board members.

Form 990, Part VI, Section B, Line 12C

The board of directors review the organization's conflict of interest policy annually in order to insure that the organization's board of directors, officers, and employees are regularly and consistently monitoring and enforcing it.

Form 990, Part VI, Section B, Line 15A

The organization utilizes the services of a human resource consultant who gathers information from other comparable organizations and data provided by ymca. The information is then reported to the executive committee and benchmarks are compared in order to determine the appropriate compensation.

Form 990, Part VI, Section C, Line 19

Forms are available for public inspection upon request.

Filing and Contact Details

Filer

Filer Name
YOUNG MEN'S CHRISTIAN ASSOCIATION
EIN
04-2105885
Phone
5087556101
Address
766 MAIN STREET, WORCESTER, MA 01610

Signing Officer

Name
Julio Acero-nali
Title
Vice-president of Finance/CFO
Phone
5087556101
Signed
2016-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julio Acero-nali
Formed
1868
Legal Domicile
Ma
Voting Board Members
29
Independent Board Members
29
Employees
982
Volunteers
625

Preparer

Firm
Bollus Lynch Llp
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604
Preparer
Barbara E King
Phone
5087557107
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Net loss on interest rate swap agreement -879,335.

Part III, Line 4 (A-C)

Mission statement the ymca of central massachusetts is an association united in a common goal to strengthen our communities and to develop the spirit, mind and body of all persons, regardless of means, through activities guided by and based upon our core values of caring, honesty, respect and responsibility. Cause statement the ymca of central massachusetts will strengthen the foundations of community through programs and services that support youth development, healthy living, and social responsibility. Diversity and inclusion vision statement the ymca of central massachusetts will nurture and support an environment that reflects, respects, and celebrates our differences, and embraces the richness of our diversity. Strategic advantage the ymca of central massachusetts successfully impacts families and individuals by fostering a sense of belonging to a movement that continually evolves to meet the relevant needs of our community. Organization description the ymca of central massachusetts is an association united by a vision of strong, thriving communities filled with healthy individuals and families working together to lead balanced lifestyles in body, mind and spirit. No other community-based, non-profit organization in central massachusetts has the geographic reach or the breadth of programs and services that encompass youth development, healthy living and social responsibility as the ymca. Our five branches support nearly 30,000 members across 57 cities and towns in the heart of the commonwealth. Collaboration with more than 100 other partners extends our reach to nearly 50,000 individuals annually. We also deliver programs at more than 15 sites in other locations, along with our two rural summer day camps. Our y has enjoyed many successes in recent years, especially with last year's celebration of our 150th anniversary. In an historic annual campaign, our passionate volunteers and staff champions came together to raise over $1 million to support those members of the y who most need our support. To ensure our services are available to those who need us most, our y is proud to offer many low and no-cost programs - providing everything from affordable, educational afterschool childcare to a wellness initiative forming a support network for cancer survivors to a fitness and nutrition strategy to empower families to grow healthier together. Our programming is designed to evolve with the growing and changing needs of our communities. Ymca history the ymca of central massachusetts has been impacting children, teens, families and adults for over 150 years. When our y began in 1864, it operated out of one rented room on the second floor of the iconic mechanics hall in downtown worcester - one of the first landmarks in the city. Today, our y has evolved from serving one gender and one religion to proudly serving all people. We have become one of the region's most impactful non-profit organizations. Thanks to our deep roots in the community, our y continues to be uniquely positioned to address the ever-changing needs of those we serve. While our health and fitness resources help our members become their best selves, our impact reaches far beyond our wellness centers. Both inside and outside the walls of our y, we deliver impactful programming to those who need us most. In 1920, the flagship central community branch opened its doors in downtown worcester's main south neighborhood. Due to the socioeconomic demographics of this part of the city, the central branch functions as a safe haven for the residents of the area, including the newly installed teen achievement center and family locker room. Many low-income members from the neighborhoods we serve qualify for free or reduced membership and programs. Just down the road, the greendale family branch was established in 1929 thanks to norton company's (now saint-gobain's) generous donation of facilities. This year, with the help of our valuable mission partners, greendale is expanding an

Part III, Line 4 (A-C)

Examples of programs include: early childhood education y early childhood education strengthens the holistic development of infants, toddlers, young children and their families by supporting early literacy, healthy-habits development and strong parenting skills. Our program provides early-learning readiness experiences designed to prepare them for entering the education system on the right foot. We also feature nutritionally educational exercises when age appropriate, such as food group sorting and healthy food collages along with fruit and vegetable color organization. Furthermore, opportunities for family involvement and events are highlighted throughout the year, with a focus on nutritionally-optimum diets and physical play. By offering this vital programming, the y is laying the groundwork for future and ongoing achievement and success. School's out this initiative is available to students throughout the association from kindergarten to sixth grade and develops physical, intellectual, emotional and social skills in children. Students in school's out follow the same schedule every day - as much as that is possible. Our staff understands that in order to meet the constantly changing and expanding needs of youth, it is essential to be flexible and adaptive. When children first arrive to school's out after school, they have the opportunity to relax with quiet activities. Immediately following quiet playtime is a healthy snack. Next, they are encouraged to work independently during homework/learning time with the support of y staff. Finally, children engage in activity time. Despite the established schedule, we intentionally vary the program's routine to encourage students to become well-rounded and flexible. To instill healthy habits in the youth we serve, active play or team sports are incorporated into activity time at least once a week as well as nutritional education. Our staff act as positive role models, demonstrating the importance of a healthy and active lifestyle. School's out offers a balanced and adult-supervised environment. Children flourish in the structured setting we provide them, as outlined by the well-established school-age care curriculum frameworks from the ymca of the usa. The core content areas are arts & humanities; character development; health, wellness and fitness; literacy; science and technology; service-learning; and social competence and conflict resolution. Our main goal is to keep youth engaged in learning while having fun. The school's out experience is crafted to complement school learning practices, support diverse learning styles and encourage the development of the whole child in spirit, mind and body to ensure academic and social success for the children we support. Moreover, data shows that afterschool programs increase children's engagement in school, reduce their risk of absenteeism and alcohol consumption and raise their likelihood of going to college. The program's services are a welcome relief to many working parents who previously struggled to arrange transportation to quality childcare - leaving their children potentially unsupervised and at risk to destructive decisions. Thanks to school's out, parents in our communities have access to affordable afterschool programming for their children which supplements the education they receive at school and encourages healthy choices. Summer literacy programs our y operates three critical summer literacy programs. At camp blanchard, camp lowe and lakeside summer camp, literacy activities are incorporated into the daily curricula to mitigate summer learning loss - and sometimes increase overall reading and writing skills! Once again engaging in the city-wide summer literacy initiative, we conducted summer play to help keep youth excited about reading and writing during the summer months while gaining many other skills. In 2015, at the central community and greendale family branches, utilizing three worcester public schools literacy specialis

Part III, Line 4 (A-C)

Healthy living - improving the nation's health and well-being; as part of our overall commitment to health and wellbeing, our y joined a movement known as health innovation - a national response to the growing obesity crisis. We are proud to be a catalyst in supporting individuals and families in their pursuit of a healthy lifestyle. Our y strives to set the bar for wellness standards - not just meet them. Our programming is driven by staff, volunteers and mission partners and is member-focused. At a branch level, national resources and technical assistance have translated into program innovation and improvement relating to our youth wellness initiatives. We have integrated the food & fun curriculum, created by the harvard school of public health, designed to help ymcas integrate healthy snacks, active games and creative learning opportunities into afterschool programs. Over the past few years, we have built capacity and have been able to experiment with different aspects of program implementation, all with the goal of gaining a better understanding of our children and families and reaching them in meaningful ways. Examples of innovative healthy living initiatives include: livestrong at the ymca our y has proudly hosted livestrong at the ymca since 2011. We are privileged to be amongst the ranks of over 400 ymcas across the nation who offer this program. Our initiative is instrumental in helping the people affected by cancer reach their holistic health goals. We help survivors and their caregivers build a network of support, composed of everyone from y staff to peers in the community, in order to improve their wellbeing in body, mind and spirit. To date, we have served 500 survivors along with many more family members and loved ones. Livestrong at the y is available to any adult over the age of 18 who has completed or is undergoing cancer treatment. Y staff and volunteers perform an extensive intake process, including communication with potential participants' physicians. To reach more people in need, our y partners with valuable community leaders, such as saint vincent hospital and dana-farber cancer institute to help inform potential participants about the benefits of the program. Our y is proud to foster relationships in our region with prestigious medical institutions such as these who share our commitment to compassionately supporting vulnerable members of our communities. One of the most positive aspects of livestrong at the y is our ability to be flexible, which is made possible by offering the program across our four, full-service branches - and recently piloted at the new leominster community branch. Thanks to the evidence-informed curriculum, our staff is able to tailor the exercise routines to meet the health and safety needs of each individual. For certain survivors, a calming, outdoor yoga class is the best fit. For example, one participant was weak from a white blood cell count of zero. He was not strong enough for the type of exercise he was used to. Instead, our instructors showed him how to build up strength using relaxation techniques and yoga. Others can handle a more rigorous spinning class or strength training session without straining their bodies. Let's go! Let's go!: family fitness and nutrition is a pediatrician-referred program operated in collaboration with reliant medical group for eight-week sessions. The initiative focuses on children, ages seven to 17, who have been identified as overweight or obese and engages their entire family to develop skills for a balanced lifestyle. Over the life of the initiative, let's go! Has served 125 children and even more family members. The program meets twice per week for one hour each session. The large group classes provide hands-on education and knowledge specific to healthy eating and physical activity. Fitness-led programming encourages full family involvement and gives parents the opportunity to participate. Group training is a means of reinforcing family f

Part III, Line 4 (A-C)

Engaging a neighborhood - engaging a community the ymca is proud of its involvement in many neighborhood community events that promote our social responsibility focus area. National night out is a nationally recognized neighborhood crime and drug prevention event that occurs annually on the first tuesday in august. This event is celebrated in many of america's largest cities and towns. In addition to increasing awareness of crime and drug prevention programs, national night out strengthens neighborhood spirit and community-police partnership, while sending a message to criminals that our neighborhoods are organized and fighting back against crime. Each august, the central community branch hosts worcester's national night out. Families of many diverse backgrounds, local politicians and leaders, police officers, firefighters, clergy and people of all ages, including our youth, celebrate our community coming together. This annual event features the participation of dozens of children who enjoy the many educational and fun activities held that night. Many parents take the opportunity to ask how they can get involved in community programs that are focused on protecting their neighborhoods. The evening includes fun activities such as face painting, educational games and a festive block party atmosphere. There are several other local neighborhood initiatives, including wheels to water summer swim program, beginning years family network, and friends of families in transition, which are essential partnerships that assist us and other collaborating organizations in meeting our mission. Collaborations with over 150 different formal and informal groups help us reach even more individuals throughout our 57 communities. Global centers of excellence according to the global center of excellence (gce) frameworks developed by the ymca of the usa, a gce y is distinguished from other associations by its commitment to achieving and maintaining exceptional global best practices. In 2012, we were honored to join a group of only 50 ys to become a global center of excellence. Global centers of excellence focus on responding to and serving diverse and changing regions and populations in order to best strengthen communities. Our y's gce strategy fosters understanding of and connection to the global reality influencing local cities and towns, addresses demographic changes, develops programs/services to meet the needs of diverse, underserved communities and positions us as a leading global human service organization. As a nationally-recognized global center of excellence, the y constantly strives to identify and address the needs of the diverse populations we serve. In 2015, we turned our focus to inclusive programming, such as global sports for brazilian - among many other - populations, female-only classes for muslim women and volunteer opportunities for individuals with special needs. We also engaged a local university in a project to study the needs and cultures of newcomer populations in our community. Investments in people in 2015, our y exceeded the $1 million goal for the annual campaign, directly benefiting those members who rely on us most. As an organization, we provided $950,000 in direct financial assistance and program subsidies - $800,000 of which supported initiatives specifically aimed at supporting youth. Our signature events, the annual golf classic and the livestrong at the ymca program reception are instrumental in helping us achieve our goal and continue to provide significant levels of assistance throughout central massachusetts.

Financial Statement Notes

PART V, LINE 4:

The association's endowment consists of a pool of funds established by donor contributions for the purpose of supporting the association's activities and operations. As required by generally accepted accounting principles, net assets associated with endowment funds, including funds designated by the board to function as endowments, are classified and reported based on the existence or absence of donor-imposed or legal restrictions. As required by generally accepted accounting principles, the association classifies as permanently restricted net assets (a) the original value of gifts donated to the permanent endowment, (b) the original value of subsequent gifts to the permanent endowment, and (c) accumulations to the permanent endowment made in accordance with the direction of the applicable donor gift instrument at the time the accumulation is added to the fund. The remaining portion of the donor-restricted endowment fund that is not classified in permanently restricted net assets is classified as temporarily restricted net assets until those amounts are appropriated for expenditure by the association in a manner consistent with the standard of prudence prescribed by state law. In accordance with the uniform prudent management of institutional funds act, the association can consider the following factors in making a determination to appropriate or accumulate donor-restricted endowment funds: -the duration and preservation of the fund -the purposes of the association and the donor-restricted endowment fund -general economic conditions -the possible effect of inflation and deflation -the expected total return from income and the appreciation of investments -other resources of the association -the investment policies of the association. The association has adopted investment and spending policies for its endowment assets that attempt to provide a predictable stream of funding for its programs while seeking to maintain the purchasing power of the endowment assets. Under this policy, as approved by the board, the association shall seek to invest the endowment funds in such a manner that the investments will provide a spendable return consistent with a long-term goal of preserving the funds in real terms. Actual returns in any given year may vary from this amount. To satisfy its long-term rate-of-return objectives, the association's investment strategy focuses on the long-term growth of principal without taking undue risks. Annual investment return targets are achieved through both capital appreciation (realized and unrealized) and current yield (interest and dividends). The association has invested in debt and equity securities that target a diversified asset allocation, placing a greater emphasis on equity-based investments to achieve its long-term return objectives. The association has a policy of appropriating for distribution quarterly, at its discretion, a portion of the endowment fair market value to support operations. The endowment fair market value for distribution purposes is calculated based on an average of a rolling twenty calendar quarters. In establishing this policy, the association considered the long-term expected return on its endowment. The board has also approved the appropriation of additional support for the fiscal years ending september 30, 2014 and 2015 to fund additional operating needs, as needed. This is consistent with the association's objective to maintain the purchasing power of its endowment. From time to time, the fair value of assets associated with individual donor-restricted endowment funds may fall below the level that the donor imposed restrictions require the association to retain as a fund of perpetual duration. In accordance with generally accepted accounting principles, deficiencies of this nature are reported in unrestricted net assets. Such deficiencies amounted to $87,156 as of september 30, 2015. There were no such deficiencies as of september 30, 2014.

PART X, LINE 2:

Management annually reviews for uncertain tax positions along with any related interest and penalties and believes that the association has no uncertain tax positions that would have a material adverse effect, individually or in the aggregate upon the association's statements of financial position, or the related statements of activities, or cash flows.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Net loss on interest rate swap agreement -879,335.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Net loss on interest rate swap agreement 879,335.

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IRS990/InterestGrp/FundraisingAmt010374
IRS990/InterestGrp/ManagementAndGeneralAmt063268
IRS990/InterestGrp/ProgramServicesAmt0975120
IRS990/InterestGrp/TotalAmt01048762
IRS990/InvestmentIncomeGrp/ExclusionAmt0606106
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0606106
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt012422012
IRS990/InvestmentsPubTradedSecGrp/EOYAmt011209086
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt017
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt021014263
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028446965
IRS990/LandBldgEquipBasisNetGrp/EOYAmt029282586
IRS990/LandBldgEquipCostOrOtherBssAmt050296849
IRS990/LegalDomicileStateCd0MA
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt03434828
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt07314941
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE YMCA OF CENTRAL MASSACHUSETTS STRENGTHENS THE FOUNDATIONS OF COMMUNITY THROUGH PROGRAMS AND SERVICES IN THE AREAS OF YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt014838408
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt022643382
IRS990/NetAssetsOrFundBalancesBOYAmt027428979
IRS990/NetAssetsOrFundBalancesEOYAmt026045906
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0692922
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0692922
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-11767
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-11767
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-1364578
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt015814
IRS990/OccupancyGrp/ManagementAndGeneralAmt015814
IRS990/OccupancyGrp/ProgramServicesAmt01549748
IRS990/OccupancyGrp/TotalAmt01581376

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$59.8$20.1$39.7$30.5$30.6$0.10
2023Detailed filing. Detailed filing data is available for this year.$58.1$21.1$37.0$26.4$27.2$0.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.9$19.5$36.5$24.8$23.9$0.93
2021Detailed filing. Detailed filing data is available for this year.$59.1$20.0$39.0$25.2$21.8$3.47
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.0$25.2$30.7$20.6$20.9$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.8$22.9$31.8$23.7$24.3$0.69
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$57.0$22.7$34.4$24.0$19.4$4.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$52.1$23.0$29.2$19.0$18.1$0.85
2016Detailed filing. Detailed filing data is available for this year.$52.6$26.8$25.9$18.1$17.8$0.28
2015Detailed filing. Detailed filing data is available for this year.$54.9$28.9$26.0$18.1$17.3$0.86
2014Detailed filing. Detailed filing data is available for this year.$47.2$19.7$27.4$19.1$16.6$2.51
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.5$19.4$25.1$18.3$17.2$1.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.2$21.8$21.4$14.8
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.1$23.7$14.5$14.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.7$23.8$15.9$14.6