Civic Intelligence

Kosciusko Community YMCA Inc.

990 • Fiscal year 2015 • EIN 35-1068182

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 10, 2016

1305 Mariners DriveWarsaw, IN 46582

(574) 269-9622

Siviq Scores

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

Liabilities / Assets

74th percentile

0.57x

Higher debt load relative to assets than 74% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.78x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Net Margin

51st percentile

3.9%

Higher net margin than 51% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

15th percentile

$120,788

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2015

Asset Growth

88th percentile

23%

Faster asset growth than 88% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

98th percentile

252%

Faster revenue growth than 98% of similar nonprofits.

2015 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Assets

Up

$35,483,374

Up $6,579,478 (+23%) from 2014

Net Assets

Down

$15,116,561

Down $3,430,335 (-18%) from 2014

Liabilities

Up

$20,366,813

Up $10,009,813 (+97%) from 2014

Revenue

Up

$4,260,512

Up $3,050,913 (+252%) from 2014

Expenses

Up

$4,092,696

Up $1,699,990 (+71%) from 2014

Net Income

Up

$167,816

Up $1,350,923 (+114%) from 2014

Historical Trend

Balance Sheet Trend

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

$40M$30M$20M$10M$0Assets 2014: $28,903,896Liabilities 2014: $10,357,000Net Assets 2014: $18,546,8962014Assets 2015: $35,483,374Liabilities 2015: $20,366,813Net Assets 2015: $15,116,5612015Assets 2016: $33,086,095Liabilities 2016: $18,425,798Net Assets 2016: $14,660,2972016Assets 2017: $31,817,831Liabilities 2017: $16,281,839Net Assets 2017: $15,535,9922017Assets 2018: $30,267,966Liabilities 2018: $14,571,204Net Assets 2018: $15,696,7622018Assets 2019: $31,415,322Liabilities 2019: $14,046,211Net Assets 2019: $17,369,1112019Assets 2020: $31,787,512Liabilities 2020: $13,484,888Net Assets 2020: $18,302,6242020Assets 2021: $21,445,213Liabilities 2021: $320,079Net Assets 2021: $21,125,1342021Assets 2022: $20,803,430Liabilities 2022: $293,598Net Assets 2022: $20,509,8322022Assets 2023: $21,377,685Liabilities 2023: $196,532Net Assets 2023: $21,181,1532023Assets 2024: $21,400,563Liabilities 2024: $135,689Net Assets 2024: $21,264,8742024

Highlighted filing

2015

Assets$35,483,374
Liabilities$20,366,813
Net Assets$15,116,561

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $1,209,599Expenses 2014: $2,392,706Net Income 2014: -$1,183,1072014Revenue 2015: $4,260,512Expenses 2015: $4,092,696Net Income 2015: $167,8162015Revenue 2016: $4,168,188Expenses 2016: $4,216,516Net Income 2016: -$48,3282016Revenue 2017: $4,185,335Expenses 2017: $4,277,474Net Income 2017: -$92,1392017Revenue 2018: $4,640,381Expenses 2018: $4,456,301Net Income 2018: $184,0802018Revenue 2019: $4,053,389Expenses 2019: $3,718,780Net Income 2019: $334,6092019Revenue 2020: $3,617,461Expenses 2020: $3,113,040Net Income 2020: $504,4212020Revenue 2021: $3,477,092Expenses 2021: $3,170,401Net Income 2021: $306,6912021Revenue 2022: $4,598,129Expenses 2022: $4,037,604Net Income 2022: $560,5252022Revenue 2023: $4,456,585Expenses 2023: $4,308,012Net Income 2023: $148,5732023Revenue 2024: $4,446,078Expenses 2024: $4,599,318Net Income 2024: -$153,2402024

Highlighted filing

2015

Revenue$4,260,512
Expenses$4,092,696
Net Income$167,816
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 10, 2016
Return Version
2015v2.1
Gross Receipts
$5,256,041
Mission and Program Overview

Mission

A volunteer led public charity of men, women and children of all ages, abilities, races and religions. Our mission is to put christian principles into practice through programs that build healthy spirit, mind and body for all.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$37,392$15,020,125▲ $14,982,733
Other Notes and Loans Receivable, Net$10,275,750$10,275,750→ $0
Investments in Publicly Traded Securities$5,992,420$5,007,727▼ $984,693
Pledges and Grants Receivable$5,076,368$3,359,328▼ $1,717,040
Savings and Temporary Cash Investments$1,583,235$1,819,929▲ $236,694
Cash and Non-Interest-Bearing Accounts$515$515→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$22,965,680$35,483,374▲ $12,517,694
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,391,360$19,820,431▲ $13,429,071
Accounts Payable and Accrued Expenses$75,165$546,382▲ $471,217
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$6,466,525$20,366,813▲ $13,900,288
Net Assets / Fund Balance
Unrestricted Net Assets$16,499,155$8,760,686▼ $7,738,469
Temporarily Rstr Net Assets$0$3,420,903▲ $3,420,903
Permanently Rstr Net Assets$0$2,934,972▲ $2,934,972
Total Net Assets Fund Balance$16,499,155$15,116,561▼ $1,382,594
Total Liabilities and Net Assets / Fund Balance$22,965,680$35,483,374▲ $12,517,694

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$13,833,414$374,957$14,208,371
Equipment$970,983$140,455$1,111,438
Land$215,728-$215,728

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$3,619,881-▼ $99,934$689,194$2,827,013
2014$3,199,716$250,000▲ $183,054$12,889$3,619,881
2013$3,070,348$9,877▲ $134,241$12,749$3,199,716
2012$2,980,275$10,103▲ $105,048$12,239$3,070,348
2011$2,822,252$169,369▲ $3,457$4,431$2,980,275
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-CEOFT$119,638$1,150$120,788
-Director of FinanceFT$65,197$21,496$86,693

Board Members and Trustees

NameTitle
-President
-Vice President
-Board Member
-Board Secretary
-Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Weigand ConstructionConstruction Services7808 Honeywell Drive, Fort Wayne, IN 46825$133,405
Revenue and Support

Revenue Composition

Contributions and Grants
$792,110
Program Service Revenue
$2,962,648
Investment Income
$504,549
Other Revenue
$1,205
All Other Contributions
$792,110
Change in Net Assets
$167,816

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,068,141
Revenue Not Reported on Financial Statements
$192,371
Revenue Not Reported on Form 990
$-394,717
Other Revenue Adjustments
$168,201
Total Revenue per Audited Statements
$3,673,424
Total Revenue per Form 990
$4,260,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,301,221
Salaries, Compensation, and Employee Benefits$1,623,274
Grants and Similar Amounts Paid$168,201
Total Fundraising Expense$42,512
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,065,413$148,662$24,777$1,238,852
Occupancy$948,226$129,304-$1,077,530
Depreciation Depletion$503,027--$503,027
Fees for Services Other$249,076$34,755$5,792$289,623
Grants to Domestic Individuals$168,201--$168,201
Office Expenses$137,821$19,231$3,205$160,257
Current Officers, Directors, Trustees, and Key Employees-$119,638-$119,638
Payroll Taxes$98,739$13,778$2,296$114,813
Other Employee Benefits$65,667$9,163$1,527$76,357
Pension Plan Contributions$63,308$8,834$1,472$73,614
Information Technology$49,032$6,842$1,140$57,014
Fees for Service Investment Mgmnt Fees-$24,170-$24,170
Travel-$22,983-$22,983
Insurance$14,230$1,940-$16,170
Other Expenses$25,122$13,210$584$13,210
Conferences and Meetings$10,753$1,500$250$12,503
Fees for Services Accounting-$11,650-$11,650
Advertising$7,018$979$163$8,160
Interest-$5,797-$5,797
Fees for Services Legal-$4,611-$4,611
Total Functional Expenses$3,461,795$588,389$42,512$4,092,696

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,092,696
Expenses per Audited Statements$3,900,325
Total Expenses per Audited Statements$3,900,325
Expenses Not Reported on Financial Statements$192,371
Other Expense Adjustments$168,201
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$1,205
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 Review of form 990 by governing body

The form 990 is reviewed in detail by the ceo and the board. It is also reviewed by an independent cpa firm prior to submission to the irs.

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

A conflict of interest policy is provided to all board members and key employees each year and all conflicts disclosed are reviewed by a board committee. Any director having a duality of interest or possible conflict of interest on any matter shall not vote or use personal influence on the matter, and shall not be counted in determining the quorum for the meeting, even when permitted by law. The minutes of the meeting should reflect that a disclosure was made, the abstention from voting, and the quorum status.

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

Ceo compensation is set in accordance with experience qualification market survey information and is used to determine appropriateness of individual compensation as part of the annual review and budgeting process. This review is preformed by management.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

Key employee compensation is set in accordance with experience qualifications and market survey information and is used to determine appropriateness of individual compensation as part of the annual review and budgeting process. These reviews are preformed by management.

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

The organization makes the form 990, governing documents, conflict of interest policy and financial statements available by written request to the ceo.

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

Other Program Revenue - Total Revenue: 174371, Related or Exempt Function Revenue: 174371, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Childcare Revenue -- Infant/Toddler/Preschool - 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
Kosciusko Community Ymca Inc
EIN
35-1068182
Phone
5742699622
Address
1305 MARINERS DRIVE, WARSAW, IN 46582

Signing Officer

Name
Chad Zachua
Title
C.e.o.
Signed
2016-06-10
Discuss with paid preparer
Yes

Organization Details

Formed
1962
Legal Domicile
In
Voting Board Members
16
Independent Board Members
16
Employees
320
Volunteers
126

Preparer

Firm
Bkd Llp
Address
200 E Main Street Suite 700, Fort Wayne, IN 46802
Preparer
Lauren R Denton
Phone
2604604000
Supplemental Narrative

Additional Explanations

Form 990, Part X, Column (A) RESTATEMENT OF PRIOR YEAR BALANCE SHEET ITEMS

The kosciusko community ymca inc (ymca) previously recorded an investment in subsidiary on its consolidated statement of financial position from the formation of a new entity, the kosciusko community ymca building corporation, a subsidiary of the ymca. The ymca determined that such balance was not reconciled properly and should have been eliminated during the consolidation process. The prior year part x, column a balance sheet numbers have been revised due to the restatement in the financials.

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

Transfer from kosciusko building corporation - -522000;

Financial Statement Notes

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

Board designated endowments are used at the discretion of the Board and may be used for maintenance, new equipment or other capital purchases. Permanent endowments are maintained in perpetuity with the earnings available for operations.

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

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

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

Scholarship reclass - 168201

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

Scholarship reclass - 168201

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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/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt16CHAD ZAUCHA
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt17STACEY ANDERSON
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IRS990/ProgramServiceRevenueGrp/Desc0Membership Revenue
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