Civic Intelligence

The Great Miami Valley YMCA

990 • Fiscal year 2022 • EIN 31-0536719

Jan 01, 2022 to Dec 31, 2022 • Filed on Jun 15, 2023

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

0.42x

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

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

79th percentile

1.11x

Higher debt load relative to revenue than 79% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

37th percentile

$205,250

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

51st percentile

0.4%

Faster asset growth than 51% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

55th percentile

6.5%

Faster revenue growth than 55% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$35,821,072

Up $160,483 (+0.5%) from 2021

Net Assets

Down

$20,837,535

Down $356,354 (-1.7%) from 2021

Liabilities

Up

$14,983,537

Up $516,837 (+3.6%) from 2021

Revenue

Up

$13,469,173

Up $827,954 (+6.5%) from 2021

Expenses

Up

$11,683,407

Up $474,092 (+4.2%) from 2021

Net Income

Up

$1,785,766

Up $353,862 (+25%) from 2021

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

2022

Assets$35,821,072
Liabilities$14,983,537
Net Assets$20,837,535

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

2022

Revenue$13,469,173
Expenses$11,683,407
Net Income$1,785,766
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jun 15, 2023
Return Version
2022v5.0
Gross Receipts
$15,846,545
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 promise to strengthen our community through youth development, healthy living and social responsibility. We as an association are committed to serve all, 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$21,751,261$20,886,358▼ $864,903
Investments in Publicly Traded Securities$11,750,305$9,443,764▼ $2,306,541
Savings and Temporary Cash Investments$0$1,937,566▲ $1,937,566
Pledges and Grants Receivable$137,518$1,143,741▲ $1,006,223
Accounts Receivable$94,620$186,259▲ $91,639
Prepaid Expenses and Deferred Charges$14,175$0▼ $14,175
Inventories for Sale or Use$7,480$13,056▲ $5,576
Cash and Non-Interest-Bearing Accounts$1,300$2,100▲ $800
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$35,660,589$35,821,072▲ $160,483
Other Assets Total$1,903,930$2,208,228▲ $304,298
Liabilities
Tax Exempt Bond Liabilities$12,237,257$11,480,057▼ $757,200
Deferred Revenue$298,448$2,408,582▲ $2,110,134
Accounts Payable and Accrued Expenses$960,295$647,438▼ $312,857
Mortgage Notes Payable Secured by Investment Property$560,142$295,253▼ $264,889
Other Liabilities$410,558$152,207▼ $258,351
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Total Liabilities$14,466,700$14,983,537▲ $516,837
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,502,682$13,888,970▲ $1,386,288
Net Assets With Donor Restrictions$8,691,207$6,948,565▼ $1,742,642
Total Net Assets Fund Balance$21,193,889$20,837,535▼ $356,354
Total Liabilities and Net Assets / Fund Balance$35,660,589$35,821,072▲ $160,483

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,747,649$29,730,766$45,478,415
Land$3,411,032-$3,411,032
Equipment$1,689,806$1,262,193$2,951,999
Other Land Buildings$37,871$63,846$101,717
Other Assets Org$77,091--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$5,360,147-▼ $775,670$260,000$4,324,477
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
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President/CEOFT$176,610$28,640$205,250
-COOFT$135,158$16,465$151,623
-VP- development, marketing, communicationsFT$85,800$13,364$99,164
-Director- HR / Talent ManagementFT$64,227$21,505$85,732
-CFOFT$50,858$2,316$53,174

Board Members and Trustees

NameTitle
-Board Chair
-Past Chair
-Vice Chair
-Board Member
-Secretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kirsch CPA Group LLCCertified Public Accountant Services2 S 3rd St 400, Hamilton, OH 45011$101,730
Revenue and Support

Revenue Composition

Contributions and Grants
$2,350,353
Program Service Revenue
$9,585,209
Investment Income
$1,141,225
Other Revenue
$392,386
All Other Contributions
$2,278,101
Change in Net Assets
$1,785,766

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,445,737
Revenue Not Reported on Financial Statements
$23,436
Revenue Not Reported on Form 990
$-2,048,620
Other Revenue Adjustments
$-45,895
Total Revenue per Audited Statements
$11,397,117
Total Revenue per Form 990
$13,469,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,869,972
Other Expenses$5,786,294
Total Fundraising Expense$226,716
Grants and Similar Amounts Paid$27,141
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,164,620$172,926-$4,337,546
Occupancy$1,639,699$5,769-$1,645,468
Depreciation Depletion$1,263,107$11,017-$1,274,124
Office Expenses$805,876$18,243$1,144$825,263
Current Officers, Directors, Trustees, and Key Employees-$588,036$102,613$690,649
Fees for Services Other$300,600$176,826$31,301$508,727
Interest$423,768--$423,768
Payroll Taxes$320,779$53,771$6,564$381,114
Pension Plan Contributions$257,317$16,840-$274,157
Information Technology$263,398--$263,398
Insurance$245,976--$245,976
Other Employee Benefits$163,675$22,831-$186,506
Advertising$30,454$6,336$82,625$119,415
Payments to Affiliates$119,392$0$0$119,392
Fees for Service Investment Mgmnt Fees-$69,335-$69,335
Travel$50,422$17,905$539$68,866
Fees for Services Accounting$32,760--$32,760
Grants to Domestic Orgs$27,141--$27,141
Other Expenses$13,096$561$1,930$15,587
Conferences and Meetings$3,400$1,169-$4,569
Fees for Services Lobbying-$2,107-$2,107
Total Functional Expenses$10,276,721$1,179,970$226,716$11,683,407

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$11,753,471
Total Expenses per Form 990$11,683,407
Expenses per Audited Statements$11,614,076
Expenses Not Reported on Form 990$139,395
Expenses Not Reported on Financial Statements$69,331
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Fitton Center for Creative ArtsHamilton, OH501(c)(3)Children's Art Classes$27,141
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
Custodial Funds$103,088
Operating Lease Liability$51,326
Operating Lease Liability - Current Portion$25,765
Provision for Interest Rate Swap Agreement$0
Unamortized debt issuance costs$-27,972

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$3,899,943$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 2 Family/business relationships amongst interested persons

Dan Crank and Jason Crank - Family relationship

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: 1819250, Related or Exempt Function Revenue: 1819250, 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
Kelly Freyler
Title
Chief Financial Officer
Signed
2023-06-15
Discuss with paid preparer
Yes

Organization Details

Formed
1889
Legal Domicile
Oh
Voting Board Members
28
Independent Board Members
28
Employees
555
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

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 29,535 members and 5100 program particpants 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 $ 822,138 including grants of $ 27,141)(Revenue $ 770,060) SOCIAL RESPONSIBILITY- Giving back and supporting our neighbors by using our knowledge to develop stronger, more integrated communities. Giving & Volunteerism * 532 program volunteers and 89 policy volunteers dedicated their time and talents to a wide range of programs, events and led our Y with wisdom and compassion. * Charitable support and community partners are necessary to engage communities and address community needs 513 donors enabled us to raise $1,199,148 at the YMCA through individual gifts, corporate giving, foundation grants, and United Way. Donations allow us to fulfill our mission of providing programs "for all." * Joe Nuxhall Miracle League Fields- Through this collaboration, the Y operates adaptive baseball leagues for 104 special needs youth, ages 5-16. This league creates recreational opportunities for youth in an accepting, safe and fun environment for them to play baseball. With this program, 57 program volunteers provided over 1,600 hours of service to children with physical and intellectual disabilities in 2022. * Safety Around Water-More than 100 underserved youth in the Hamilton and Middletown communities learned basic swimming skills and water safety. Youth in this free program gained a sense of accomplishment, increased self-confidence and security near the water. * Miami Valley YMCA are collaborating with a variety of local non-profits in an effort to enhance the facility and programs offered at the Community Center. The BTW Community Center Collaboration includes the City of Hamilton, the Boys & Girls Club, the Fitton Center for Creative Arts, Miami University, SELF, University of Cincinnati, and the YMCA to partner on program offerings to serve the Second Ward of Hamilton. * This collaboration provides 219 youth with twenty programs that represent the programmatic expertise of each agency. From swim lessons to homework assistance, from art lessons to social-emotional focused activities, the size and scope of this effort is uniquely inspiring. * The YMCA was approached by the City of Hamilton in 2012 with a request that the YMCA become the lead managing entity at the Community Center. The YMCA then invited multiple community partners whose combined expertise can serve the BTW Community Center with effective programming.

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

Change in fair value of interest rate swap - 580329;

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, 2022 and 2021. 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 - 580329

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

Purchases netted against Inventory Sales - -21462 Rental Expenses netted against Revenue - -24433

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

Purchases netted against Inventory Sales - 21462 Rental Expenses netted against Revenue - 24433

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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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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt7Chelsea Staton
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice Chair
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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
2022Detailed filing. Detailed filing data is available for this year.$35.8$15.0$20.8$13.5$11.7$1.79
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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. 2022 filings • 501(c)3 • $25M-$50M nonprofits