Civic Intelligence

Newport County YMCA

EIN 05-0258916 • 501(c)3 • Middletown, RI

Profile

The Newport County YMCA is an association of people of all ages, ethnic origins, religious affiliations and socioeconomic levels. The basis of the association is founded in Judeo-Christian values and its purpose is to significantly improve and positively influence the quality of life and social well-being for our members, our families, and our community, emphasis is placed on the whole person through programs and activities that help develop spiritual, mental and physical well-being.

792 Valley RoadMiddletown, RI 02842

www.newportymca.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.30x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

73rd percentile

0.73x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

83rd percentile

32%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

74th percentile

14%

Faster asset growth than 74% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

85th percentile

42%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$26,000,494

Up $2,862,975 (+12%) from 2023

Liabilities

Down

$7,797,291

Down $595,815 (-7.1%) from 2023

Net Assets

Up

$18,203,203

Up $3,458,790 (+23%) from 2023

Revenue

Up

$10,737,094

Up $2,459,668 (+30%) from 2023

Expenses

Up

$7,278,304

Up $1,340,593 (+23%) from 2023

Net Income

Up

$3,458,790

Up $1,119,075 (+48%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2011: $2,939,800Liabilities 2011: $294,720Net Assets 2011: $2,645,0802011Assets 2012: $2,957,382Liabilities 2012: $275,579Net Assets 2012: $2,681,8032012Assets 2013: $3,278,561Liabilities 2013: $328,398Net Assets 2013: $2,950,1632013Assets 2014: $3,666,426Liabilities 2014: $382,567Net Assets 2014: $3,283,8592014Assets 2015: $3,741,794Liabilities 2015: $239,937Net Assets 2015: $3,501,8582015Assets 2016: $4,589,041Liabilities 2016: $151,661Net Assets 2016: $4,437,3802016Assets 2017: $4,813,801Liabilities 2017: $233,057Net Assets 2017: $4,580,7442017Assets 2018: $6,281,184Liabilities 2018: $1,249,957Net Assets 2018: $5,031,2272018Assets 2019: $10,732,704Liabilities 2019: $1,301,302Net Assets 2019: $9,431,4022019Assets 2020: $10,907,002Liabilities 2020: $1,637,870Net Assets 2020: $9,269,1322020Assets 2021: $13,860,660Liabilities 2021: $1,964,865Net Assets 2021: $11,895,7952021Assets 2022: $19,984,327Liabilities 2022: $7,198,592Net Assets 2022: $12,785,7352022Assets 2023: $23,137,519Liabilities 2023: $8,393,106Net Assets 2023: $14,744,4132023Assets 2024: $26,000,494Liabilities 2024: $7,797,291Net Assets 2024: $18,203,2032024

Highlighted filing

2024

Assets$26,000,494
Liabilities$7,797,291
Net Assets$18,203,203

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $3,130,4392011Expenses 2012: $3,150,7352012Revenue 2013: $3,314,827Expenses 2013: $3,119,155Net Income 2013: $195,6722013Revenue 2014: $3,468,610Expenses 2014: $3,104,288Net Income 2014: $364,3222014Revenue 2015: $3,525,184Expenses 2015: $3,257,688Net Income 2015: $267,4962015Revenue 2016: $4,406,172Expenses 2016: $3,502,311Net Income 2016: $903,8612016Revenue 2017: $3,834,360Expenses 2017: $3,734,635Net Income 2017: $99,7252017Revenue 2018: $4,310,952Expenses 2018: $3,828,315Net Income 2018: $482,6372018Revenue 2019: $8,464,603Expenses 2019: $4,089,925Net Income 2019: $4,374,6782019Revenue 2020: $3,045,577Expenses 2020: $3,256,619Net Income 2020: -$211,0422020Revenue 2021: $6,046,936Expenses 2021: $3,266,999Net Income 2021: $2,779,9372021Revenue 2022: $5,355,519Expenses 2022: $4,222,188Net Income 2022: $1,133,3312022Revenue 2023: $8,277,426Expenses 2023: $5,937,711Net Income 2023: $2,339,7152023Revenue 2024: $10,737,094Expenses 2024: $7,278,304Net Income 2024: $3,458,7902024

Highlighted filing

2024

Revenue$10,737,094
Expenses$7,278,304
Net Income$3,458,790

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$26.0$7.80$18.2$10.7$7.28$3.46
2023Detailed filing. Detailed filing data is available for this year.$23.1$8.39$14.7$8.28$5.94$2.34
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$7.20$12.8$5.36$4.22$1.13
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.9$1.96$11.9$6.05$3.27$2.78
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.9$1.64$9.27$3.05$3.26$0.21
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$1.30$9.43$8.46$4.09$4.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.28$1.25$5.03$4.31$3.83$0.48
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.81$0.23$4.58$3.83$3.73$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$0.15$4.44$4.41$3.50$0.90
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.74$0.24$3.50$3.53$3.26$0.27
2014Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$3.67$0.38$3.28$3.47$3.10$0.36
2013Detailed filing. Detailed filing data is available for this year.$3.28$0.33$2.95$3.31$3.12$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.96$0.28$2.68$3.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.29$2.65$3.13
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 15, 2025
Return Version
2023v6.0
Gross Receipts
$8,488,906
Mission and Program Overview

Mission

The newport county ymca is an association of people of all ages, ethnic origins, religious affiliations and socio-economic levels. The basis of the association is founded in judeo-christian values and its purpose is to signiticantly improve and positively influence the quality of life and social well-being for our members, our families, and our community. Emphasis is placed on the whole person through programs and activities that help develop spiritual, mental and physical well-being.

Improve and positively influence the quality of life and social well being of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$17,890,440$20,939,055▲ $3,048,615
Savings and Temporary Cash Investments$1,092,075$978,944▼ $113,131
Pledges and Grants Receivable$345,179$775,586▲ $430,407
Prepaid Expenses and Deferred Charges$103,096$83,017▼ $20,079
Investments Other Securities$59,483--
Cash and Non-Interest-Bearing Accounts$6,400$5,535▼ $865
Accounts Receivable$11,472$4,965▼ $6,507
Inventories for Sale or Use$0$3,274▲ $3,274
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$19,984,327$23,137,519▲ $3,153,192
Other Assets Total$476,182$347,143▼ $129,039
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,883,040$7,399,799▲ $1,516,759
Accounts Payable and Accrued Expenses$612,715$606,942▼ $5,773
Other Liabilities$477,371$353,497▼ $123,874
Deferred Revenue$225,466$32,868▼ $192,598
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$7,198,592$8,393,106▲ $1,194,514
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,542,269$14,007,582▲ $3,465,313
Net Assets With Donor Restrictions$2,243,466$736,831▼ $1,506,635
Total Net Assets Fund Balance$12,785,735$14,744,413▲ $1,958,678
Total Liabilities and Net Assets / Fund Balance$19,984,327$23,137,519▲ $3,153,192

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,935,576$3,357,134-
Other Land Buildings$1,082,872$34,625-
Land$1,365,876--
Equipment$454,026$309,779-
Leasehold Improvements$100,705$26,501-

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$112,643$0→ $0$0$112,643
2022$112,643$0→ $0$0$112,643
2021$112,643$0→ $0$0$112,643
2020$112,643$0→ $0$0$112,643
2019$112,643$0→ $0$0$112,643
Compensation and Service Providers

Employees

NameTitleBaseTotal
-CEO$176,517$176,517
--$128,062$128,062

Board Members and Trustees

NameTitle
-President
-Vice President
-Department Director
-Secretary
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Farrar Associates IncConstruction Management31A Bridge Street, Newport, RI 02840$1,790,287
Revenue and Support

Revenue Composition

Contributions and Grants
$2,951,281
Program Service Revenue
$5,296,927
Investment Income
$14,818
Other Revenue
$14,400
All Other Contributions
$2,878,121
Change in Net Assets
$2,339,715

Audited Revenue Reconciliation

Revenue per Audited Statements
$8,277,426
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-381,010
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$7,896,416
Total Revenue per Form 990
$8,277,426
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$3,037,959
Other Expenses$2,899,752
Total Fundraising Expense$275,443
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,023,431$21,077$63,232$2,107,740
Depreciation Depletion$563,498$132,179$0$695,677
Current Officers, Directors, Trustees, and Key Employees$304,973$185,376$107,637$597,986
Interest$409,630$115,537$0$525,167
Office Expenses$374,087$52,198$8,700$434,985
Occupancy$269,453$33,491$1,523$304,467
Insurance$204,790$10,813$649$216,252
Payroll Taxes$175,063$12,775$11,777$199,615
All Other Expenses$146,465$0$0$146,465
Other Employee Benefits$71,538$7,575$5,050$84,163
Payments to Affiliates$51,002$308$0$51,310
Pension Plan Contributions$41,187$4,361$2,907$48,455
Advertising$36,710$0$0$36,710
Fees for Services Accounting$27,147$7,657$0$34,804
Other Expenses$0$6,479$0$0
Total Functional Expenses$5,018,644$643,624$275,443$5,937,711

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,937,738
Total Expenses per Audited Statements$5,937,738
Total Expenses per Form 990$5,937,711
Expenses Not Reported on Form 990$0
Expenses Not Reported on Financial Statements$-27
Other Expense Adjustments$-27
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$284,540
Fundraising Direct Expenses$211,480
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
2023 Fort Adams/YMCA Golf Toun$101,680$101,680$61,409$40,271
2023 Pie Run$95,654$95,654$31,991$63,663
Total Events$284,540$284,540$211,480$73,060
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$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Leased Fitness Equipment Long Term Portion$226,157
Leased Fitness Equipment Current Portion$127,340
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 is internally prepared by the YMCA's Finance Director, reviewed by the Executive Director. It is then made available to the President and the members of the Board of Directors prior to filing with the I.R.S.

Form 990, Part VI, Line 12C Conflict of Interest Policy

Each year all members of the Board of Directors, as well as key staff, complete and sign conflict of disclosure forms. The Chief Executive Officer is charged with the responsibility of reviewing, maintaining the forms. The Chief Executive Officer is also responsible for reporting to the Board of Directors any conflicts that may exist.

Form 990, Part VI, Line 15A Process to Establish Compensation of Top Management Official

The Chief Executive Officer is evaluated by the Board of Directors annually. The Executive Committee solicits evaluation from all members of the Board of Directors. These evaluations are compiled by the Executive Committee. A decision on compensation is based on the evaluations and based on the review of comparable salaries of CEOs in similar size YMCAs. The final evaluation and recommendation is presented by the Executive Committee to the entire Board of Directors. In regard to question 15B, the Executive Director establishes the compensation of key employees taking into consideration their past performance, changes in responsibility, if any, and compensation of equivalent positions in the area. The compensation of the Chief Executive Officer's direct reports is reported to the Board of Directors although approval by the Board is not required.

Form 990, Part VI, Line 19 Required Documents Available to the Public

The YMCA makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

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

The form 990 is internally prepared by the ymca's finance director, reviewed by the executive director. It is then made available to the president and the members of the board of directors prior to filing withe the i.r.s.

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

Each year all members of the board of directors, as well as key staff, complete and sign conflict of interest disclosure forms. The chief executive officer is charged with the responsibility of reviewing, maintaining the forms; he also is responsible for reporting to the board of directors any conflicts that may exist.

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

The chief executive officer is evaluated by the board of directors. Annually, the executive committee solicits evaluations from all members of the board of directors. These evaluations are compiled by the executive committee. A decision on compensation is based on the evaluations and based on the review of comparable salaries of ceos in similar size ymcas. The final evaluation and recommendation is presented by the executive committee to the entire board of directors. In regard to question 15b, the executive director establishes the compensation of key employees taking into consideration their past performance, changes in responsibility, if any, and compensation of equivalent positions in the area. The compensation of the chief executive officer's direct reports is reported to the board although approval by the board is not required.

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

The ymca makes its governing documents, conflict of interest policy and financial statements available to the public upon request

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

Other Program Revenue - Total Revenue: 1175712, Related or Exempt Function Revenue: 1175712, 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: ;

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

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

Filing and Contact Details

Filer

Filer Name
Newport County Regional Ymca
EIN
05-0258916
Phone
4018479200
Address
792 VALLEY ROAD, MIDDLETOWN, RI 02842
Doing Business As
Newport County Ymca

Signing Officer

Name
Robert Rosendale
Title
CFO
Phone
4018479200
Signed
2025-01-15

Organization Details

Formed
1878
Legal Domicile
Ri
Voting Board Members
0
Independent Board Members
0
Employees
333
Volunteers
300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 Organization'S Mission

Social well-being for our members, our families, and our community. Emphasis is placed on the whole person through programs and activities that help develop spiritual, mental and physical well-being.

Form 990, Part XI, Line 9 Other changes in net assets or fund balances

Loss on Disposal of Assets - -381037;

Financial Statement Notes

Schedule D, Part XI, Line 2(D) Revenue - Other

Loss on Disposal of Property and Equipment - $381,037

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

Loss on Disposal of Assets - -381037 Misc Income - 27

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Misc Expense - -27

Raw XML AppendixShowing 400 of 834 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Youth Development: We impact over 1600 youth in our programs each week in the areas of gymnastics, youth sports, leadership programs, afterschool, aquatics, Rhody Squash, and our preschool programs. These programs are not only designed to teach and educate participants on the tasks at hand, but they also teach life skills that will help these children in the future. Our youth programs provide strong role models and a safe environment to help them grow and thrive. The Newport County YMCA also has a strong program area to help families come together. These programs help families contact one other and spend much needed quality time together. Families each year enjoy our movie nights, family camp outs and many other events that happen each month.
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Kelly Powers
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Leland Merrill
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Paul Frechette
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Coupe Murry
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt6Daniel Corrigan
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Dennis McNamara
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt8Don Levine
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt9Eric Offenberg
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt10John Kaull
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt11Rick Driscoll
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt12Robin Tosto
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt14Sam Talala
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IRS990/MissionDesc0The Newport County YMCA is an association of people of all ages, ethnic origins, religious affiliations and socioeconomic levels. The basis of the association is founded in Judeo-Christian values and its purpose is to significantly improve and positively influence the quality of life and social well-being for our members, our families, and our community, emphasis is placed on the whole person through programs and activities that help develop spiritual, mental, and physical well-being.
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