Civic Intelligence

The Great Miami Valley YMCA

990 • Fiscal year 2021 • EIN 31-0536719

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 15, 2022

105 N Second StreetHamilton, OH 45011

(513) 887-0001

Siviq Scores

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

Liabilities / Assets

68th percentile

0.41x

Higher debt load relative to assets than 68% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

81st percentile

1.14x

Higher debt load relative to revenue than 81% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

49th percentile

11%

Higher net margin than 49% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

43rd percentile

$216,897

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 1.7% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

40th percentile

6.8%

Faster asset growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

62nd percentile

22%

Faster revenue growth than 62% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$35,660,589

Up $2,256,601 (+6.8%) from 2020

Net Assets

Up

$21,193,889

Up $2,888,532 (+16%) from 2020

Liabilities

Down

$14,466,700

Down $631,931 (-4.2%) from 2020

Revenue

Up

$12,641,219

Up $2,271,159 (+22%) from 2020

Expenses

Up

$11,209,315

Up $296,228 (+2.7%) from 2020

Net Income

Up

$1,431,904

Up $1,974,931 (+364%) from 2020

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2010: $42,843,261Liabilities 2010: $20,228,604Net Assets 2010: $22,614,6572010Assets 2011: $41,150,051Liabilities 2011: $20,866,302Net Assets 2011: $20,283,7492011Assets 2012: $40,185,619Liabilities 2012: $20,276,836Net Assets 2012: $19,908,7832012Assets 2013: $39,619,992Liabilities 2013: $18,497,314Net Assets 2013: $21,122,6782013Assets 2014: $38,511,910Liabilities 2014: $18,853,805Net Assets 2014: $19,658,1052014Assets 2015: $36,555,675Liabilities 2015: $18,103,271Net Assets 2015: $18,452,4042015Assets 2017: $35,041,804Liabilities 2017: $16,257,057Net Assets 2017: $18,784,7472017Assets 2018: $33,585,993Liabilities 2018: $15,615,901Net Assets 2018: $17,970,0922018Assets 2019: $33,455,310Liabilities 2019: $15,145,607Net Assets 2019: $18,309,7032019Assets 2020: $33,403,988Liabilities 2020: $15,098,631Net Assets 2020: $18,305,3572020Assets 2021: $35,660,589Liabilities 2021: $14,466,700Net Assets 2021: $21,193,8892021Assets 2022: $35,821,072Liabilities 2022: $14,983,537Net Assets 2022: $20,837,5352022Assets 2024: $37,593,999Liabilities 2024: $14,705,288Net Assets 2024: $22,888,7112024

Highlighted filing

2021

Assets$35,660,589
Liabilities$14,466,700
Net Assets$21,193,889

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $13,234,4612010Expenses 2011: $13,105,9042011Expenses 2012: $13,308,3872012Revenue 2013: $13,634,652Expenses 2013: $13,629,092Net Income 2013: $5,5602013Revenue 2014: $13,638,821Expenses 2014: $14,141,474Net Income 2014: -$502,6532014Revenue 2015: $13,362,137Expenses 2015: $14,076,213Net Income 2015: -$714,0762015Revenue 2017: $13,060,080Expenses 2017: $13,730,939Net Income 2017: -$670,8592017Revenue 2018: $13,451,260Expenses 2018: $13,592,290Net Income 2018: -$141,0302018Revenue 2019: $13,800,701Expenses 2019: $13,972,623Net Income 2019: -$171,9222019Revenue 2020: $10,370,060Expenses 2020: $10,913,087Net Income 2020: -$543,0272020Revenue 2021: $12,641,219Expenses 2021: $11,209,315Net Income 2021: $1,431,9042021Revenue 2022: $13,469,173Expenses 2022: $11,683,407Net Income 2022: $1,785,7662022Revenue 2024: $14,329,088Expenses 2024: $12,958,286Net Income 2024: $1,370,8022024

Highlighted filing

2021

Revenue$12,641,219
Expenses$11,209,315
Net Income$1,431,904
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 15, 2022
Return Version
2021v4.2
Gross Receipts
$14,540,447
Mission and Program Overview

Mission

The mission of the Great Miami Valley YMCA is to put Christian principles into practice through programs that build a healthy spirit, mind and body for all.

The GREAT MIAMI VALLEY YMCA has been in the Butler County community for over 130 years and has made a (continued on Schedule O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$22,328,504$21,751,261▼ $577,243
Investments in Publicly Traded Securities$10,615,310$11,750,305▲ $1,134,995
Pledges and Grants Receivable$163,837$137,518▼ $26,319
Accounts Receivable$67,746$94,620▲ $26,874
Prepaid Expenses and Deferred Charges$14,175$14,175→ $0
Inventories for Sale or Use$15,639$7,480▼ $8,159
Cash and Non-Interest-Bearing Accounts$1,300$1,300→ $0
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$33,403,988$35,660,589▲ $2,256,601
Other Assets Total$197,477$1,903,930▲ $1,706,453
Liabilities
Tax Exempt Bond Liabilities$12,969,257$12,237,257▼ $732,000
Accounts Payable and Accrued Expenses$649,401$960,295▲ $310,894
Mortgage Notes Payable Secured by Investment Property$520,391$560,142▲ $39,751
Other Liabilities$744,031$410,558▼ $333,473
Deferred Revenue$215,551$298,448▲ $82,897
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$15,098,631$14,466,700▼ $631,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,485,251$12,502,682▲ $2,017,431
Net Assets With Donor Restrictions$7,820,106$8,691,207▲ $871,101
Total Net Assets Fund Balance$18,305,357$21,193,889▲ $2,888,532
Total Liabilities and Net Assets / Fund Balance$33,403,988$35,660,589▲ $2,256,601

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$17,953,407$28,614,761$46,568,168
Land$3,411,032-$3,411,032
Equipment$336,253$1,486,706$1,822,959
Other Land Buildings$50,569$53,648$104,217
Other Assets Org$1,800,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$4,748,920-▲ $878,227$267,000$5,360,147
2020$4,261,328-▲ $527,592$40,000$4,748,920
2019$3,556,742$0▲ $832,586$128,000$4,261,328
2018$3,875,300$0▼ $138,558$180,000$3,556,742
2017$3,523,198$0▲ $570,752$218,650$3,875,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President/CEOFT$180,123$36,774$216,897
-COOFT$122,219$30,622$152,841
-CFOFT$85,174$25,211$110,385
-VP- development, marketing, communicationsFT$83,179$14,943$98,122
-Director- HR / Talent ManagementFT$65,815$21,633$87,448

Board Members and Trustees

NameTitle
-Board Chair
-Past Chair
-Vice Chair
-Board Member
-Secretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$4,560,300
Program Service Revenue
$6,805,386
Investment Income
$899,260
Other Revenue
$376,273
All Other Contributions
$1,064,249
Change in Net Assets
$1,431,904

Audited Revenue Reconciliation

Revenue per Audited Statements
$12,610,541
Revenue Not Reported on Financial Statements
$30,678
Revenue Not Reported on Form 990
$1,551,013
Other Revenue Adjustments
$-34,865
Total Revenue per Audited Statements
$14,161,554
Total Revenue per Form 990
$12,641,219
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,807,260
Other Expenses$5,392,554
Total Fundraising Expense$195,847
Grants and Similar Amounts Paid$9,501
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,942,350$229,298-$4,171,648
Occupancy$1,386,856$8,058-$1,394,914
Depreciation Depletion$1,297,969$10,038-$1,308,007
Current Officers, Directors, Trustees, and Key Employees$0$626,528$102,493$729,021
Office Expenses$546,183$16,372$8,684$571,239
Information Technology$458,430--$458,430
Interest$451,231--$451,231
Payroll Taxes$337,099$59,408$7,308$403,815
Fees for Services Other$52,599$312,711$35,593$400,903
Pension Plan Contributions$258,201$32,959-$291,160
Other Employee Benefits$195,555$16,061-$211,616
Insurance$200,274--$200,274
Payments to Affiliates$145,152$0$0$145,152
Advertising$80,698$5,106$14,357$100,161
Fees for Service Investment Mgmnt Fees-$65,543-$65,543
Travel$27,286$18,578$837$46,701
Fees for Services Accounting$43,951--$43,951
Other Expenses$14,202$2,104$25,000$25,000
Grants to Domestic Orgs$9,501--$9,501
Conferences and Meetings$2,394$380-$2,774
Fees for Services Lobbying-$2,127-$2,127
Total Functional Expenses$9,596,316$1,417,152$195,847$11,209,315

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,273,022
Total Expenses per Form 990$11,209,315
Expenses per Audited Statements$11,143,775
Expenses Not Reported on Form 990$129,247
Expenses Not Reported on Financial Statements$65,540
Other Expense Adjustments$0
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
Yes
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
Provision for Interest Rate Swap Agreement$354,280
Custodial Funds$101,930
Unamortized debt issuance costs$-45,652

Bond Issues

BondIssuerIssuedIssue PricePurpose
AButler County Port Authority2014-08-07$15,380,000Current refund/retire the series 2007 bond principal & pay the issuance cost of the series 2014 Bond

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$15,380,000$15,195,000$3,142,743$185,000

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
Corrective action procedures
No
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
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, Line 11B Review of form 990 by governing body

A draft copy of the form 990 and 990-t is provided to each member of the finance committee of the board of trustees for their review. Once all comments are received and addressed, form 990 and 990-t are filed with the irs.

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

Each year, the great miami valley ymca sends copies of the conflict of interest policy to some or all of the members of the board of trustees, committee members and officers who complete and return a copy of the disclosure statement and a related questionnaire.

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

Each year, an independent executive compensation committee from the board of trustees conducts an annual evaluation of the chief executive officer. The executive compensation committee uses comparable data provided by the ymca of the usa (yusa). As part of the process, each member of the executive compensation committee signs the performance evaluation form provided by the yusa and minutes are kept at these meetings

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

The organization makes its governing documents, conflict of interest policy and financial statements available to the board of trustees.

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

Other Program Revenue - Total Revenue: 1452304, Related or Exempt Function Revenue: 1452304, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Residence Revenue - Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Great Miami Valley Ymca
EIN
31-0536719
Phone
5138870001
Address
105 N SECOND STREET, HAMILTON, OH 45011

Signing Officer

Name
David Westcott
Title
Chief Financial Officer
Signed
2022-06-15
Discuss with paid preparer
Yes

Organization Details

Formed
1889
Legal Domicile
Oh
Voting Board Members
25
Independent Board Members
25
Employees
350
Volunteers
674

Preparer

Firm
Kirsch CPA Group LLC
Address
2 S Third Street Suite 400, Hamilton, OH 45011
Preparer
Jill Frieden
Phone
5138586040
Supplemental Narrative

Additional Explanations

Form 990, Part I, Line 1 Mission

promise to strengthen our community through youth development, healthy living and social responsibility. We as an association are committed to serve everyone, regardless of age, gender and ability. The safety and well-being of each person we serve is our number one priority. We work with each individual and family to find the programs that provide the safest environment for them to thrive. OUR CAUSE DEFINES US We know that lasting personal and social change comes when we all work together. That's why, at the Y, strengthening community is our cause. Every day, we work side-by-side with our neighbors to make sure that everyone, regardless of age, income, background, or abilities, has the opportunity to learn, grow and thrive. OUR STRENGTH IS IN COMMUNITY The YMCA mission comes alive through three areas of focus that help people: * YOUTH DEVELOPMENT: Nurturing the potential of every child and teen. * HEALTHY LIVING: Improving the community's health and well-being. * SOCIAL RESPONSIBILITY: Giving back and providing support to our neighbors. The YMCA mission comes alive through the efforts of: * Paid staff - full and part time; from teens to seniors * Volunteers - who lead program and make policy * Members - who are mentors, coaches and donors At the root of our mission is a commitment to the YMCA values education program entitled Character Development. Character development focuses on five core values - caring, faith, honesty, respect, and responsibility. These values provide the fundamental basis for all YMCA operations, staff development, program development, and program delivery. The YMCA stands together with families, schools, churches, businesses, hospitals, government agencies, and other organizations to build strong kids, strong families, and strong communities. In today's society, the YMCA's role is to give youth and adults experiences that help them develop a set of positive values, morals, and ethics that they will live by. It is essential to a successful, strong community that all youth and adults live according to values necessary for healthy human development in spirit, mind and body. The YMCA's strength is about more than building muscle. It's about family, serving 35,000 members of all ages forming our YMCA family. It's about options-more than 200 programs allow people to choose the activity that best supports their interests. Building a foundation - youth were provided positive opportunities through outreach programs and membership. And, it's about working together - Community collaborations with local hospitals, schools, churches, parks, and other non-profit organizations. The Great Miami Valley YMCA served at seven branches throughout Butler County. The YMCA reaches out well beyond their own brick and mortar, by extending programs and services in partnership with more than 75 schools, churches, public facilities and other organizations.

Form 990, Part III, Line 4D Description of other program services

(Expenses $ 1,439,447 including grants of $)(Revenue $ 1,023,650) CAMP * Summer day camp is a time of active play and discovery for kids. We served 150 children each week for 11 weeks through educational experiences that prevented summer learning loss. * In a partnership with the City of Hamilton, the Central YMCA operated a free, summer program for 134 low-income youth at four city parks. Youth have the opportunity to enjoy their natural environments, build relationships with positive role models and participate in healthy activities. * Summer resident camp experiences for more than 862 children taught self-reliance and a love for nature, while developing attitudes and practices that build character and leadership-all amidst the fun of camp fires, canoeing, archery, talent shows, and meaningful relationships. * Collaborations with organizations such as Butler County Developmental Disabilities and the Muscular Dystrophy Association enable youth with special needs to enjoy typical camp experiences alongside their peers. * More than 60 schools from the tri-state area visit CCG to participate in outdoor activities to complement their classroom learning.

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

Change in fair value of interest rate swap - 354679;

Financial Statement Notes

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

The income and appreciation of the endowment funds are available for the general operating purposes of the Great Miami Valley YMCA

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

Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Association and recognize a tax liability if the Association has taken an uncertain position that more likely than not would fail to be sustained upon examination by the Internal Revenue Service. The Association is exempt from federal income taxes and management believes the Association has not engaged in any activities that would disqualify it from tax-exempt status or incur a tax obligation for the years ended December 31, 2021 and 2020. The Association believes their estimates are appropriate based on current facts and circumstances. The Association is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Association's policy with regard to interest and penalty, if incurred, is to recognize interest through interest expense and penalties through other expenses.

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

Change in fair value of interest rate swap - 354679

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

Purchases Netted Against Inventory Sales - -22295 Rental Expenses Netted Against Revenue - -12570

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

Purchases Netted Against Inventory Sales - 22295 Rental Expenses Netted Against Revenue - 12570

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IRS990/Desc0CHILD CARE * Every day matters in the holistic development and education of children. We provide a nurturing environment and caring teachers for over 400 children from infants through age 12 to learn social, emotional, physical and educational skills. YMCA Before and After School programs serve 24 schools, representing 8 different school districts throughout Butler and Warren County at various locations. Collaborations with Hamilton, Ross, Talawanda, Franklin Schools, Edgewood, Middletown, Fairfield, and local churches made these programs possible. * Highly trained teachers, fewer children per classroom and commitment to continuous improvement in early education programming earned 45 Step Up to Quality Stars or NAEYC (National Association for the Education of Young Children) for eight of our YMCA programs.
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.6$14.7$22.9$14.3$13.0$1.37
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.8$15.0$20.8$13.5$11.7$1.79
2021Detailed filing. Detailed filing data is available for this year.$35.7$14.5$21.2$12.6$11.2$1.43
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.4$15.1$18.3$10.4$10.9$0.54
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.5$15.1$18.3$13.8$14.0$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$33.6$15.6$18.0$13.5$13.6$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.0$16.3$18.8$13.1$13.7$0.67
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.6$18.1$18.5$13.4$14.1$0.71
2014Detailed filing. Detailed filing data is available for this year.$38.5$18.9$19.7$13.6$14.1$0.50
2013Detailed filing. Detailed filing data is available for this year.$39.6$18.5$21.1$13.6$13.6$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.2$20.3$19.9$13.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.2$20.9$20.3$13.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.8$20.2$22.6$13.2
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2021 filings • 501(c)3 • $25M-$50M nonprofits