Civic Intelligence

Community YMCA Foundation Inc

EIN 22-3562537 • 501(c)3 • Shrewsbury, NJ

Profile

The foundation will develop, maintain and manage the endowment funds of the community ymca and will encourage donations and planned gifts. The foundation will use and apply its assets for the use and benefit of the community ymca, so long as that organization qualifies as an exempt organization under section 501(c)(3) of the internal revenue code, as amended, or corresponding provisions of any future united states internal revenue law.

170 Patterson AvenueShrewsbury, NJ 07702

www.cymca.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

2nd percentile

-3554%

Higher net margin than 2% of similar nonprofits.

501(c)3 • <$500k 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

9th percentile

-100%

Faster asset growth than 9% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

8th percentile

-81%

Faster revenue growth than 8% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Assets

Down

$0

Down $5,632,665 (-100%) from 2023

Liabilities

Down

$0

Down $8,283 (-100%) from 2023

Net Assets

Down

$0

Down $5,624,382 (-100%) from 2023

Revenue

Down

$158,257

Down $654,026 (-81%) from 2023

Expenses

Up

$5,782,639

Up $5,224,628 (+936%) from 2023

Net Income

Down

-$5,624,382

Down $5,878,654 (-2312%) from 2023

Trend Graphs

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,695,451Liabilities 2010: $0Net Assets 2010: $4,695,4512010Assets 2011: $4,192,685Liabilities 2011: $0Net Assets 2011: $4,192,6852011Assets 2012: $4,573,760Liabilities 2012: $4,251Net Assets 2012: $4,569,5092012Assets 2013: $5,053,433Liabilities 2013: $0Net Assets 2013: $5,053,4332013Assets 2014: $5,327,969Liabilities 2014: $4,400Net Assets 2014: $5,323,5692014Assets 2015: $5,057,395Liabilities 2015: $8,800Net Assets 2015: $5,048,5952015Assets 2016: $5,053,590Liabilities 2016: $0Net Assets 2016: $5,053,5902016Assets 2017: $5,654,710Liabilities 2017: $4,075Net Assets 2017: $5,650,6352017Assets 2018: $5,171,629Liabilities 2018: $4,150Net Assets 2018: $5,167,4792018Assets 2019: $6,046,157Liabilities 2019: $4,275Net Assets 2019: $6,041,8822019Assets 2020: $6,000,664Liabilities 2020: $4,895Net Assets 2020: $5,995,7692020Assets 2021: $6,677,186Liabilities 2021: $5,643Net Assets 2021: $6,671,5432021Assets 2022: $5,376,843Liabilities 2022: $6,733Net Assets 2022: $5,370,1102022Assets 2023: $5,632,665Liabilities 2023: $8,283Net Assets 2023: $5,624,3822023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2024

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$10M$5.0M$0-$5.0M-$10MExpenses 2010: $213,5232010Revenue 2011: $195,477Expenses 2011: $665,824Net Income 2011: -$470,3472011Expenses 2012: $174,9702012Revenue 2013: $124,103Expenses 2013: $178,707Net Income 2013: -$54,6042013Revenue 2014: $167,556Expenses 2014: $182,446Net Income 2014: -$14,8902014Revenue 2015: $135,415Expenses 2015: $66,592Net Income 2015: $68,8232015Revenue 2016: $166,387Expenses 2016: $480,552Net Income 2016: -$314,1652016Revenue 2017: $137,867Expenses 2017: $194,835Net Income 2017: -$56,9682017Revenue 2018: -$483,081Expenses 2018: $200,082Net Income 2018: -$683,1632018Revenue 2019: $1,077,729Expenses 2019: $203,326Net Income 2019: $874,4032019Revenue 2020: $762,672Expenses 2020: $808,785Net Income 2020: -$46,1132020Revenue 2021: $985,875Expenses 2021: $310,101Net Income 2021: $675,7742021Revenue 2022: $237,598Expenses 2022: $307,268Net Income 2022: -$69,6702022Revenue 2023: $812,283Expenses 2023: $558,011Net Income 2023: $254,2722023Revenue 2024: $158,257Expenses 2024: $5,782,639Net Income 2024: -$5,624,3822024

Highlighted filing

2024

Revenue$158,257
Expenses$5,782,639
Net Income-$5,624,382

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.16$5.78$5.62
2023Summary only. Only limited summary data is available for this year.$5.63$0.01$5.62$0.81$0.56$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.38$0.01$5.37$0.24$0.31$0.07
2021Summary only. Only limited summary data is available for this year.$6.68$0.01$6.67$0.99$0.31$0.68
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.00$0.00$6.00$0.76$0.81$0.05
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$0.00$6.04$1.08$0.20$0.87
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.17$0.00$5.17$0.48$0.20$0.68
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.65$0.00$5.65$0.14$0.19$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.05$0.00$5.05$0.17$0.48$0.31
2015Detailed filing. Detailed filing data is available for this year.$5.06$0.01$5.05$0.14$0.07$0.07
2014Detailed filing. Detailed filing data is available for this year.$5.33$0.00$5.32$0.17$0.18$0.01
2013Detailed filing. Detailed filing data is available for this year.$5.05$0.00$5.05$0.12$0.18$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.57$0.00$4.57$0.17
2011Summary only. Only limited summary data is available for this year.$4.19$0.00$4.19$0.20$0.67$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.70$0.00$4.70$0.21
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Aug 22, 2023
Return Version
2022v5.0
Gross Receipts
$237,598
Mission and Program Overview

Mission

The foundation will develop, maintain and manage the endowment funds of the community ymca and will encourage donations and planned gifts. The foundation will use and apply its assets for the use and benefit of the community ymca, so long as that organization qualifies as an exempt organization under section 501(c)(3) of the internal revenue code, as amended, or corresponding provisions of any future united states internal revenue law.

The foundation will develop, maintain and manage the endowment funds of the ymca of greater monmouth county, inc. And will encourage donations and planned gifts. The foundation will use and apply its assets for the use and benefit of the ymca of greater monmouth county, inc., so long as that organization qualifies as an exempt organization under section 501(c)(3) of the internal revenue code, as amended, or corresponding provisions of any future united states internal revenue law.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$6,641,306$5,290,374▼ $1,350,932
Cash and Non-Interest-Bearing Accounts$35,880$86,469▲ $50,589
Total Assets$6,677,186$5,376,843▼ $1,300,343
Liabilities
Other Liabilities$5,643$6,733▲ $1,090
Total Liabilities$5,643$6,733▲ $1,090
Net Assets / Fund Balance
Net Assets With Donor Restrictions$3,316,393$3,316,393→ $0
Net Assets Without Donor Restrictions$3,355,150$2,053,717▼ $1,301,433
Total Net Assets Fund Balance$6,671,543$5,370,110▼ $1,301,433
Total Liabilities and Net Assets / Fund Balance$6,677,186$5,376,843▼ $1,300,343

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$3,316,393---$3,316,393
2021$3,316,393---$3,316,393
2020$3,316,393---$3,316,393
2019$3,316,393---$3,316,393
2018$3,316,393---$3,316,393
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$157,024
Program Service Revenue
$0
Investment Income
$80,574
Other Revenue
$0
All Other Contributions
$157,024
Change in Net Assets
$-69,670

Audited Revenue Reconciliation

Revenue per Audited Statements
$157,024
Revenue Not Reported on Financial Statements
$80,574
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$80,574
Total Revenue per Audited Statements
$157,024
Total Revenue per Form 990
$237,598
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$300,835
Other Expenses$6,433
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$300,835--$300,835
Fees for Services Legal-$5,750-$5,750
Insurance-$618-$618
Fees for Service Investment Mgmnt Fees-$65-$65
Total Functional Expenses$300,835$6,433$0$307,268

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$307,268
Expenses per Audited Statements$307,203
Total Expenses per Audited Statements$307,203
Expenses Not Reported on Financial Statements$65
Other Expense Adjustments$65
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ymca of Greater Monmouth County IncShrewsbury, NJ501(c) (3)To Help Support the Ymca of Greater Monmouth County, Inc.$300,835
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Ymca of Greater Monmouth County, Inc.$6,733
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 11B

The 990 was provided to and reviewed by the treasurer of the organization prior to being filed.

Form 990, Part VI, Section B, Line 15

There are no paid employees or board members. However, if there were a situation in which a salary was going to be paid, it would be reviewed and authorized by a compensation committee.

Form 990, Part VI, Section C, Line 19

The organization's 990 and governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The Community Ymca Foundation Inc
EIN
22-3562537
Phone
7326715505
Address
170 PATTERSON AVENUE, SHREWSBURY, NJ 07702

Signing Officer

Name
Peter Mccarthy
Title
Chairman
Phone
7326715505
Signed
2023-08-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Mccarthy
Formed
2001
Legal Domicile
Nj
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Holman Frenia Allison Pc
Address
1985 CEDAR BRIDGE AVENUE SUITE 3, LAKEWOOD, NJ 08701
Preparer
Craig R Johnson
Phone
7327971333
Supplemental Narrative

Financial Statement Notes

PART II, LINE 5:

The community ymca foundation accounts for uncertainty in income taxes using a recognition threshold of more likely-than- not to be sustained upon examination by the appropriate taxing authority. Measurement of the tax uncertainty occurs if the recognition threshold is not met. Management determined there were no tax uncertainties that met the recognition threshold in 2022. The foundation is exempt from federal income tax and returns are no longer subject to examination by federal taxing authorities for years before 2015.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Dividends interest 80,574. Realized gain

PART XII, LINE 4B - OTHER ADJUSTMENTS:

INVESTMENT ACCT FEES 65.

Raw XML AppendixShowing 400 of 519 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.

Path#Value
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IRS990/ActivityOrMissionDesc0THE FOUNDATION WILL DEVELOP, MAINTAIN AND MANAGE THE ENDOWMENT FUNDS OF THE YMCA OF GREATER MONMOUTH COUNTY, INC. AND WILL ENCOURAGE DONATIONS AND PLANNED GIFTS. THE FOUNDATION WILL USE AND APPLY ITS ASSETS FOR THE USE AND BENEFIT OF THE YMCA OF GREATER MONMOUTH COUNTY, INC., SO LONG AS THAT ORGANIZATION QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.
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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE FOUNDATION WILL DEVELOP, MAINTAIN AND MANAGE THE ENDOWMENT FUNDS OF THE YMCA OF GREATER MONMOUTH COUNTY, INC. AND WILL ENCOURAGE DONATIONS AND PLANNED GIFTS. THE FOUNDATION WILL USE AND APPLY ITS ASSETS FOR THE USE AND BENEFIT OF THE YMCA OF GREATER MONMOUTH COUNTY, INC., SO LONG AS THAT ORGANIZATION QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NondeductibleContributionsInd00
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IRS990/Organization501c3Ind0X
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0PETER MCCARTHY
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IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear4Amt00
IRS990ScheduleA/DistributionAllocationsGrp/ExcessFromYear5Amt00
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IRS990ScheduleA/DistributionAllocationsGrp/UnderdistributionsAmt00
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IRS990ScheduleA/DistributionsGrp/CYPdInExcessIncomeActivityAmt00
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IRS990ScheduleA/DistributionsGrp/ExemptUseAssetsAcquisPaidAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
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IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd00
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IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/CurrentYearAmt00
IRS990ScheduleA/MinimumAssetAmountGrp/AdjustedFMVLessIndebtednessGrp/PriorYearAmt00
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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0YMCA OF GREATER MONMOUTH COUNTY INC
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt03316393
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt03316393
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IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06733
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO YMCA OF GREATER MONMOUTH COUNTY, INC.
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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt080574
IRS990ScheduleD/RevenueSubtotalAmt0157024
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMMUNITY YMCA FOUNDATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE LIKELY-THAN- NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS NOT MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2022. THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AND RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2015.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1DIVIDENDS INTEREST 80,574. REALIZED GAIN
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2INVESTMENT ACCT FEES 65.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II, LINE 5:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 4B - OTHER ADJUSTMENTS:
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IRS990ScheduleD/TotalRevenuePerForm990Amt0237598
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IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt0300835
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C) (3)
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO HELP SUPPORT THE YMCA OF GREATER MONMOUTH COUNTY, INC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0YMCA OF GREATER MONMOUTH COUNTY INC
IRS990ScheduleI/RecipientTable/RecipientEIN0210635051
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0170 PATTERSON AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SHREWSBURY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd007702
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 WAS PROVIDED TO AND REVIEWED BY THE TREASURER OF THE ORGANIZATION PRIOR TO BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO PAID EMPLOYEES OR BOARD MEMBERS. HOWEVER, IF THERE WERE A SITUATION IN WHICH A SALARY WAS GOING TO BE PAID, IT WOULD BE REVIEWED AND AUTHORIZED BY A COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S 990 AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15

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