Civic Intelligence

Northwestern Connecticut Young Mens Christian Association Inc.

990 • Fiscal year 2016 • EIN 22-2878484

Jan 01, 2016 to Dec 31, 2016 • Filed on Jun 15, 2017

259 Prospect StreetTorrington, CT 06790

(860) 489-3133

Siviq Scores

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

Liabilities / Assets

59th percentile

0.27x

Higher debt load relative to assets than 59% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Liabilities / Revenue

67th percentile

0.41x

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

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Net Margin

34th percentile

-1.6%

Higher net margin than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Top Officer Pay

67th percentile

$164,007

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2016

Asset Growth

34th percentile

-1.7%

Faster asset growth than 34% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Revenue Growth

49th percentile

2.4%

Faster revenue growth than 49% of similar nonprofits.

2016 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2015 to 2016

Assets

Down

$5,269,600

Down $91,475 (-1.7%) from 2015

Net Assets

Up

$3,836,348

Up $5,195 (+0.1%) from 2015

Liabilities

Down

$1,433,252

Down $96,670 (-6.3%) from 2015

Revenue

Up

$3,519,959

Up $83,590 (+2.4%) from 2015

Expenses

Down

$3,575,991

Down $46,470 (-1.3%) from 2015

Net Income

Up

-$56,032

Up $130,060 (+70%) from 2015

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $5,098,260Liabilities 2010: $1,956,452Net Assets 2010: $3,141,8082010Assets 2011: $5,342,381Liabilities 2011: $2,148,099Net Assets 2011: $3,194,2822011Assets 2012: $5,792,902Liabilities 2012: $1,857,288Net Assets 2012: $3,935,6142012Assets 2013: $5,668,573Liabilities 2013: $1,727,782Net Assets 2013: $3,940,7912013Assets 2014: $5,637,841Liabilities 2014: $1,669,946Net Assets 2014: $3,967,8952014Assets 2015: $5,361,075Liabilities 2015: $1,529,922Net Assets 2015: $3,831,1532015Assets 2016: $5,269,600Liabilities 2016: $1,433,252Net Assets 2016: $3,836,3482016Assets 2017: $5,316,679Liabilities 2017: $1,291,224Net Assets 2017: $4,025,4552017Assets 2018: $5,190,946Liabilities 2018: $1,472,565Net Assets 2018: $3,718,3812018Assets 2019: $5,464,367Liabilities 2019: $1,505,881Net Assets 2019: $3,958,4862019Assets 2020: $5,823,690Liabilities 2020: $1,691,049Net Assets 2020: $4,132,6412020Assets 2021: $7,115,631Liabilities 2021: $2,311,420Net Assets 2021: $4,804,2112021Assets 2022: $7,330,659Liabilities 2022: $3,270,467Net Assets 2022: $4,060,1922022Assets 2023: $8,048,581Liabilities 2023: $4,020,161Net Assets 2023: $4,028,4202023Assets 2024: $8,532,437Liabilities 2024: $4,458,914Net Assets 2024: $4,073,5232024

Highlighted filing

2016

Assets$5,269,600
Liabilities$1,433,252
Net Assets$3,836,348

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,331,6722010Expenses 2011: $3,347,6362011Revenue 2012: $3,817,958Expenses 2012: $3,255,345Net Income 2012: $562,6132012Revenue 2013: $3,411,623Expenses 2013: $3,667,878Net Income 2013: -$256,2552013Revenue 2014: $3,591,096Expenses 2014: $3,693,796Net Income 2014: -$102,7002014Revenue 2015: $3,436,369Expenses 2015: $3,622,461Net Income 2015: -$186,0922015Revenue 2016: $3,519,959Expenses 2016: $3,575,991Net Income 2016: -$56,0322016Revenue 2017: $3,372,265Expenses 2017: $3,496,814Net Income 2017: -$124,5492017Revenue 2018: $3,329,091Expenses 2018: $3,536,584Net Income 2018: -$207,4932018Revenue 2019: $3,613,011Expenses 2019: $3,795,811Net Income 2019: -$182,8002019Revenue 2020: $3,283,530Expenses 2020: $3,393,961Net Income 2020: -$110,4312020Revenue 2021: $4,303,120Expenses 2021: $3,787,662Net Income 2021: $515,4582021Revenue 2022: $4,142,609Expenses 2022: $4,630,739Net Income 2022: -$488,1302022Revenue 2023: $4,712,567Expenses 2023: $5,056,760Net Income 2023: -$344,1932023Revenue 2024: $5,213,235Expenses 2024: $5,387,141Net Income 2024: -$173,9062024

Highlighted filing

2016

Revenue$3,519,959
Expenses$3,575,991
Net Income-$56,032
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Jun 15, 2017
Return Version
2016v3.0
Gross Receipts
$3,553,425
Mission and Program Overview

Mission

Our cause - the y is a powerful association of men, women and children joined together by a shared commitment to nurture the potential of kids, promote healthy living and foster a sense of social responsibility. We believe that lasting personal and social change can only come about when we all work together to invest in our kids, our health and our neighbors. That's why, at the y, strengthening community is our cause.the y is, and always will be, dedicated to building healthy, confident, connected and secure children, adults, families and communities. By offering affordable child care to low- and middle-income families, by developing anti-smoking, drug prevention and coping skills, development programs for at-risk youth, by helping adults and youth of our communities to read and write, by providing homeless and low-income individuals and families a dignified place to live and through so many other programs that promote a healthy spirit, mind and body we are strengthening our communitie

Our Cause - The Y is a powerful association of men, women and children joined together by a shared commitment to nurture the potential of kids, promote healthy living and foster a sense of social responsibility.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,631,963$2,451,116▼ $180,847
Cash and Non-Interest-Bearing Accounts$13,213$149,267▲ $136,054
Accounts Receivable$134,500$134,046▼ $454
Savings and Temporary Cash Investments$58,807$13,541▼ $45,266
Investments in Publicly Traded Securities$9,086$11,688▲ $2,602
Prepaid Expenses and Deferred Charges$6,578$11,144▲ $4,566
Pledges and Grants Receivable$4,081$2,278▼ $1,803
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,361,075$5,269,600▼ $91,475
Other Assets Total$2,502,847$2,496,520▼ $6,327
Liabilities
Deferred Revenue$720,035$673,909▼ $46,126
Mortgage Notes Payable Secured by Investment Property$529,452$354,443▼ $175,009
Accounts Payable and Accrued Expenses$243,850$219,899▼ $23,951
Other Liabilities$36,585$185,001▲ $148,416
Total Liabilities$1,529,922$1,433,252▼ $96,670
Net Assets / Fund Balance
Unrestricted Net Assets$3,071,386$3,174,150▲ $102,764
Temporarily Rstr Net Assets$595,975$498,406▼ $97,569
Permanently Rstr Net Assets$163,792$163,792→ $0
Total Net Assets Fund Balance$3,831,153$3,836,348▲ $5,195
Total Liabilities and Net Assets / Fund Balance$5,361,075$5,269,600▼ $91,475

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,834,234$5,462,541$7,296,775
Equipment$447,796$981,872$1,429,668
Land$169,086-$169,086
Other Assets Org$626,811--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,799,049$4,404▲ $66,103$79,198$1,790,358
2015$1,955,478$20,889▲ $47,999$225,317$1,799,049
2014$1,835,019$156,025▲ $159,009$194,575$1,955,478
2013$1,801,407$16,500▲ $261,432$244,320$1,835,019
2012$1,297,830$114,630▲ $178,719$-210,228$1,801,407
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Greg BriscoCEOFT$132,151$31,856$164,007

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$558,843
Program Service Revenue
$2,896,746
Investment Income
$-1,900
Other Revenue
$66,270
All Other Contributions
$334,405
Change in Net Assets
$-56,032
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,298,189
Other Expenses$1,277,802
Total Fundraising Expense$473
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,551,810$252,507-$1,804,317
Occupancy$451,085$1,840-$452,925
Depreciation Depletion$156,123$52,041-$208,164
Payroll Taxes$156,128$29,058-$185,186
Current Officers, Directors, Trustees, and Key Employees$147,606$16,401-$164,007
Office Expenses$124,975$3,453$337$128,765
Fees for Services Other$45,380$71,730-$117,110
Other Employee Benefits$81,099$29,997$21$111,117
Insurance$59,715$7,659-$67,374
Interest$35,965$12,358-$48,323
Payments to Affiliates$39,920$2,630-$42,550
Pension Plan Contributions$24,541$9,017$4$33,562
Advertising$27,793$4,536$36$32,365
Travel$12,656$5,801-$18,457
Conferences and Meetings$7,726$4,075$34$11,835
Other Expenses$3,067$202$41$3,269
Total Functional Expenses$3,056,554$518,964$473$3,575,991
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$84,598
Fundraising Direct Expenses$31,566
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Dinner Dance$15,885$15,885$5,137$10,748
Monster Mash$15,803$15,803$1,688$14,115
Total Events$84,598$84,598$31,566$53,032
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
due to Y-HOUSE$150,000
Custodial Funds Held$19,155
Refundable Advances$15,845
Rounding$1
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Form 990 is distributed to all members of the Board of Directors prior to being filed. The YMCA's Audit Review Committee conducts a discussion at the next regularly scheduled Board of Directors meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Annually, all members of the Board of Directors, Board of Trustees and key staff complete a Conflict of Interest Questionnaire and Acknowledgement document in accordance with the Northwestern CT YMCA Board of Director's adopted Conflict of Interest Policy. These documents are stored in the YMCA's Administrative offices.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

The YMCA Board of Director's Executive Committee conducts the CEO performance and compensation review process. The Executive Committee determines that the compensation to be paid to the CEO is reasonable and compares the compensation to be paid to the CEO with the compensation paid to equivalent CEOs from YMCAs operating throughout the northeast that have comparable revenues, branch locations, employees and service populations. The Executive Committee obtains this comparison data from the YMCA of the USA's locally assigned Resource Director. The committee then meets with the CEO, conducts the review and presents any change in compensation. The Executive Committee presents a summary report to the Board of Directors for approval.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

The YMCA Board of Director's Executive Committee conducts the CEO performance and compensation review process. The Executive Committee determines that the compensation to be paid to the CEO is reasonable and compares the compensation to be paid to the CEO with the compensation paid to equivalent CEOs from YMCAs operating throughout the Northeast that have comparable revenues, branch locations, employees and service populations. The Executive Committee obtains this comparison data from the YMCA of the USA's locally assigned Resource Director. The committee then meets with the CEO, conducts the review and presents any change in compensation. The Executive Committee presents a summary report to the Board of Directors for approval.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The YMCA's Annual Report, which includes financial information, is sent to all donors and YMCA Corporators and is also available to anyone who requests one. Our tax return is available at guidestar.com or to anyone who requests a copy.

Filing and Contact Details

Filer

Filer Name
Northwestern Ct Ymca Inc
EIN
22-2878484
Phone
8604893133
Address
259 PROSPECT STREET, TORRINGTON, CT 06790

Signing Officer

Name
Greg Brisco
Title
CEO
Signed
2017-06-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Greg Brisco
Formed
1986
Legal Domicile
Ct
Voting Board Members
34
Independent Board Members
34
Employees
290
Volunteers
219

Preparer

Firm
King King & Associates Cpas
Address
170 HOLABIRD AVE, WINSTED, CT 06098-1727
Preparer
Robert E King CPA
Phone
8603790215
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Youth Development Programs YMCA Youth and Teen programs give kids good role models to help them develop self-esteem and good values, including cooperation, respect, good citizenship, and a strong work ethic. Our service learning and environmental programs help youth develop an appreciation of charitable service and preservation of our natural resources. More than 300 "at risk youth" are served each year with education and taught coping skills, along with comprehensive support services and life-skills training. Many programs are provided at no cost. Financial assistance is available for fee-based programs, so a young person's economic circumstances are not a barrier to participation.Our parent & child, preschool and youth level aquatics program help to develop physical skills and lifesaving experience to children ages 6 months through 12 years; our Family Swim program gives adults and children shared time in the pool to appreciate one another and promote intergenerational relationships. Sports programs for youth, families and adults promote teamwork, interaction, and development of social and physical skills.Our YMCA offers competitive swim team experiences for area youth and high school students. The YMCA's Lasers swim team had enrollment of 126 youth ages 6 to 18 years of age. In addition, Torrington High School Boys and Girls swim teams practice and host meets at the Torrington Branch, and Regional 7 and Gilbert High Schools swim teams both practice and hold meets at the Winsted Branch. OTHER PROGRAM SERVICES 5: Housing ProgramsThe YMCA is a safe haven for up to 74 individuals at one time who rest their heads each night and call the YMCA home. We offer a 17 Bed homeless shelter for families and single adults in Winsted, 15 single rooms in Winsted and 42 SROs in Torrington. YMCA Supportive Housing is long-term housing with social services for the formerly homeless, people with medical disabilities, and individuals with low income. Supportive housing is a proven, effective means of reintegrating individuals and families into the community by addressing their basic needs for housing and on-going support. It combines affordable accommodations with services like counseling, job training and placement, education and community activities. In effect, our housing is a bridge to the community and the future and many of our residents go on to pursue better jobs, additional permanent housing and higher education. OTHER PROGRAM SERVICES 6: Human ServicesOur YMCA works in collaboration with governmental and community agencies to provide a variety of programs that help accomplish our mission to build strong kids, strong families, and strong communities. In these programs, we develop and build on people's strengths, rather than focusing on the detriments in their lives. Our programs offer mentoring, cultural awareness, social skill development, violence reduction and anger management, English as a second language to 135 participants, and computer skills, allow participants to improve their skills, develop self-esteem and self-reliance, and build healthy relationships with their peers and with members of the community at large. These programs create an atmosphere in which leadership skills and an ethic of service can grow and flourish. OTHER PROGRAM SERVICES 7: Partnerships-The Northwestern CT YMCA collaborates with many agencies in order to utilize the numerous available talents and resources of Northwestern Connecticut and effectively serve the varied needs of the community. Listed below are agencies we collaborated with in 2016.IICAPSAlcoa HowmetBarkhamsted SchoolsBeardsley and Memorial LibraryCanaan Railroad DaysCenter for Human DevelopmentCharlotte Hungerford HospitalCity of TorringtonCMAK FoundationColebrook SchoolsConnecticut Alliance of YMCAsConnecticut Department of Children and FamiliesCradle to CareerEarly Childhood Consultation PartnershipEd AdvanceExplorations Charter SchoolFit Together NWCTGeer, Inc.Gi

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in Agency Endowment = $56261

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in Value of life ins. = $2364

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in value of stock = $2602

Financial Statement Notes

Part V, Line 4: Intended uses of the endowment fund.

The annual spending amount is equal to 5% of the twelve-quarter rolling average balance of the unrestricted portion of the endowment fund. The annual spending amount is currently to be used for general operating expenditures.

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IRS990/Desc0Health and Wellness for AllThe YMCA views health holistically: a healthy person has unity of body, mind and spirit. The YMCA has identified the growing national obesity rates in this country as a critical social issue that must be addressed. Our health and well being programs are designed to help people develop new skills and grow in spirit, mind and body by setting realistic goals for self-improvement and emphasize disease prevention through regular exercise, proper nutrition, stress management, and health education. We serve all ages, abilities, races, nationalities, and religions and provide financial assistance to those who need it.In 2016, 9,370 people were Northwestern Connecticut YMCA members or participated in programs, including 2,838 youth, 4,899 adults and 1,633 seniors. In addition, people from the general public, who were not YMCA members, received the benefits of YMCA programs and services. It is the YMCA's financial assistance policy that no one is turned away from YMCA programs based solely upon the individual's ability to pay. Financial assistance is available for those who qualify. In 2016, over 800 individuals received YMCA financial assistance for YMCA memberships, programs, and services at a cost of over $235,000.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.53$4.46$4.07$5.21$5.39$0.17
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.05$4.02$4.03$4.71$5.06$0.34
2022Detailed filing. Detailed filing data is available for this year.$7.33$3.27$4.06$4.14$4.63$0.49
2021Detailed filing. Detailed filing data is available for this year.$7.12$2.31$4.80$4.30$3.79$0.52
2020Detailed filing. Detailed filing data is available for this year.$5.82$1.69$4.13$3.28$3.39$0.11
2019Detailed filing. Detailed filing data is available for this year.$5.46$1.51$3.96$3.61$3.80$0.18
2018Detailed filing. Detailed filing data is available for this year.$5.19$1.47$3.72$3.33$3.54$0.21
2017Detailed filing. Detailed filing data is available for this year.$5.32$1.29$4.03$3.37$3.50$0.12
2016Detailed filing. Detailed filing data is available for this year.$5.27$1.43$3.84$3.52$3.58$0.06
2015Detailed filing. Detailed filing data is available for this year.$5.36$1.53$3.83$3.44$3.62$0.19
2014Summary only. Only limited summary data is available for this year.$5.64$1.67$3.97$3.59$3.69$0.10
2013Detailed filing. Detailed filing data is available for this year.$5.67$1.73$3.94$3.41$3.67$0.26
2012Summary only. Only limited summary data is available for this year.$5.79$1.86$3.94$3.82$3.26$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.34$2.15$3.19$3.35
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.10$1.96$3.14$3.33