Civic Intelligence

J Smith Young YMCA Inc.

990 • Fiscal year 2015 • EIN 56-0576153

Jan 01, 2015 to Dec 31, 2015 • Filed on Jun 14, 2016

119 West 3rd AvenueLexington, NC 27292

(336) 249-2177

Siviq Scores

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

Liabilities / Assets

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

72nd percentile

0.26x

Higher debt load relative to revenue than 72% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Net Margin

83rd percentile

14%

Higher net margin than 83% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

60th percentile

$96,766

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

2015 filings • NTEE P • $1M-$5M nonprofits • Source year 2015

Asset Growth

45th percentile

-0.7%

Faster asset growth than 45% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

74th percentile

15%

Faster revenue growth than 74% of similar nonprofits.

2015 filings • NTEE P • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Down

$4,945,705

Down $32,836 (-0.7%) from 2014

Net Assets

Up

$4,329,109

Up $247,234 (+6.1%) from 2014

Liabilities

Down

$616,596

Down $280,070 (-31%) from 2014

Revenue

Up

$2,414,975

Up $310,253 (+15%) from 2014

Expenses

Up

$2,078,010

Up $14,455 (+0.7%) from 2014

Net Income

Up

$336,965

Up $295,798 (+719%) from 2014

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,144,388Liabilities 2010: $277,413Net Assets 2010: $2,866,9752010Assets 2011: $3,092,301Liabilities 2011: $434,175Net Assets 2011: $2,658,1262011Assets 2012: $4,405,303Liabilities 2012: $358,727Net Assets 2012: $4,046,5762012Assets 2013: $4,409,074Liabilities 2013: $270,448Net Assets 2013: $4,138,6262013Assets 2014: $4,978,541Liabilities 2014: $896,666Net Assets 2014: $4,081,8752014Assets 2015: $4,945,705Liabilities 2015: $616,596Net Assets 2015: $4,329,1092015Assets 2016: $4,709,299Liabilities 2016: $445,230Net Assets 2016: $4,264,0692016Assets 2017: $4,630,487Liabilities 2017: $348,588Net Assets 2017: $4,281,8992017Assets 2018: $4,334,804Liabilities 2018: $324,467Net Assets 2018: $4,010,3372018Assets 2019: $4,416,213Liabilities 2019: $347,900Net Assets 2019: $4,068,3132019Assets 2020: $4,230,928Liabilities 2020: $284,540Net Assets 2020: $3,946,3882020Assets 2021: $4,818,031Liabilities 2021: $240,501Net Assets 2021: $4,577,5302021Assets 2022: $4,810,928Liabilities 2022: $293,294Net Assets 2022: $4,517,6342022Assets 2023: $5,223,890Liabilities 2023: $348,111Net Assets 2023: $4,875,7792023Assets 2024: $5,595,941Liabilities 2024: $263,350Net Assets 2024: $5,332,5912024

Highlighted filing

2015

Assets$4,945,705
Liabilities$616,596
Net Assets$4,329,109

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,957,5222010Expenses 2011: $1,916,5692011Expenses 2012: $2,046,2132012Revenue 2013: $2,125,303Expenses 2013: $2,064,347Net Income 2013: $60,9562013Revenue 2014: $2,104,722Expenses 2014: $2,063,555Net Income 2014: $41,1672014Revenue 2015: $2,414,975Expenses 2015: $2,078,010Net Income 2015: $336,9652015Revenue 2016: $1,999,235Expenses 2016: $2,132,372Net Income 2016: -$133,1372016Revenue 2017: $2,014,551Expenses 2017: $2,095,804Net Income 2017: -$81,2532017Revenue 2018: $1,844,966Expenses 2018: $2,032,308Net Income 2018: -$187,3422018Revenue 2019: $2,095,849Expenses 2019: $2,169,857Net Income 2019: -$74,0082019Revenue 2020: $1,795,337Expenses 2020: $1,895,600Net Income 2020: -$100,2632020Revenue 2021: $2,073,081Expenses 2021: $1,443,647Net Income 2021: $629,4342021Revenue 2022: $2,131,871Expenses 2022: $2,027,610Net Income 2022: $104,2612022Revenue 2023: $2,401,165Expenses 2023: $2,186,880Net Income 2023: $214,2852023Revenue 2024: $2,540,465Expenses 2024: $2,197,816Net Income 2024: $342,6492024

Highlighted filing

2015

Revenue$2,414,975
Expenses$2,078,010
Net Income$336,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jun 14, 2016
Return Version
2015v2.1
Gross Receipts
$2,478,722
Mission and Program Overview

Mission

The j smith young ymca is a volunteer led public charity that includes men, women and children of all ages, abilities, incomes, races and religions. Our mission is to develop christian character by providing facilities and programs and services that contribute to the physical social, mental, and spiritual growth of members of the community to aid in the building of a christian society.

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$3,564,519$3,691,260▲ $126,741
Investments in Publicly Traded Securities$1,005,923$941,263▼ $64,660
Accounts Receivable$313,978$191,988▼ $121,990
Savings and Temporary Cash Investments$87,836$112,787▲ $24,951
Prepaid Expenses and Deferred Charges$4,369$6,241▲ $1,872
Cash and Non-Interest-Bearing Accounts$1,916$2,166▲ $250
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Investments Program Related$0--
Total Assets$4,978,541$4,945,705▼ $32,836
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$842,000$550,000▼ $292,000
Accounts Payable and Accrued Expenses$54,666$63,750▲ $9,084
Deferred Revenue-$2,846-
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$896,666$616,596▼ $280,070
Net Assets / Fund Balance
Unrestricted Net Assets$3,063,761$3,392,886▲ $329,125
Permanently Rstr Net Assets$705,883$705,883→ $0
Temporarily Rstr Net Assets$312,231$230,340▼ $81,891
Total Net Assets Fund Balance$4,081,875$4,329,109▲ $247,234
Total Liabilities and Net Assets / Fund Balance$4,978,541$4,945,705▼ $32,836

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,068,484$2,520,768$5,589,252
Equipment$408,780$721,356$1,130,136
Land$213,996-$213,996
Other Land Buildings$0$0$0
Leasehold Improvements$0$0$0

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$1,005,923$0▼ $46,860$17,800$941,263
2014$1,043,796$0▲ $27,127$65,000$1,005,923
2013$969,277$83▲ $147,601$73,165$1,043,796
2012$858,360$0▲ $110,917$0$969,277
2011$905,585$0▼ $47,225$0$858,360
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-CEOFT$89,844$6,922$96,766
-Senior Exec VPFT$56,914$10,597$67,511
-Associate Executive DirectorFT$38,776$8,010$46,786
-CFOPT$34,230$2,738$36,968

Board Members and Trustees

NameTitle
-Chairperson
-Chairperson Elect
-Past Chairperson
-Vice Chairperson
-Director
-Assistant Treasurer
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$573,005
Program Service Revenue
$1,554,635
Investment Income
$42,998
Other Revenue
$244,337
All Other Contributions
$514,033
Change in Net Assets
$336,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,414,975
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$147,078
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$2,562,053
Total Revenue per Form 990
$2,414,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,276,954
Other Expenses$801,006
Total Fundraising Expense$8,933
Grants and Similar Amounts Paid$50
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$840,095$33,515-$873,610
Occupancy$272,470$34,409-$306,879
Current Officers, Directors, Trustees, and Key Employees$85,723$157,470$4,838$248,031
Depreciation Depletion$230,581$14,718-$245,299
Payroll Taxes$79,604$14,598$356$94,558
Office Expenses$53,577$13,510$147$67,234
Fees for Services Other$37,879$12,864$0$50,743
Insurance$42,756$7,034-$49,790
Payments to Affiliates$34,369$108$1,404$35,881
Other Employee Benefits$22,694$10,780$148$33,622
Pension Plan Contributions$24,941$2,192-$27,133
Interest$26,167$544-$26,711
Conferences and Meetings$3,584$2,536$2,040$8,160
Travel$4,600$337-$4,937
Other Expenses$2,069$2,155-$2,155
Advertising$1,128--$1,128
Foreign Grants$50--$50
Total Functional Expenses$1,762,287$306,790$8,933$2,078,010

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,225,088
Expenses per Audited Statements$2,078,010
Total Expenses per Form 990$2,078,010
Expenses Not Reported on Form 990$147,078
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$9,722
Fundraising Direct Expenses$3,575
Professional Fundraising Fees$0
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-
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
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

The ymca distributes a draft copy of the form 990 to all members of the board of directors in adequate time for feedback prior to filing a finalized form 990 with the irs.

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

Officers, directors and key employees complete a conflict of interest questionnaire annually. Director voting eligibility and committee assignments are adjusted as necessary based on documented conflicts of interest.

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

The compensation of the ceo is determined based on comparable data and approved by the board of directors annually. Compensation guidelines from ymca of the usa are used as comparability data to ensure compensation is within the accepted range. All other compensation is determined by ceo and other managers based on comparability data and budgeted operations.

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

All governing documents, conflict of interest policy, financial statements and tax forms are available at the organization's office upon request.

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

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

Filing and Contact Details

Filer

Filer Name
J Smith Young Ymca Inc
EIN
56-0576153
Phone
3362492177
Address
119 WEST 3RD AVENUE, Lexington, NC 27292

Signing Officer

Name
Gene Klump
Title
CEO
Signed
2016-06-14
Discuss with paid preparer
Yes

Organization Details

Formed
1947
Legal Domicile
Nc
Voting Board Members
21
Independent Board Members
21
Employees
225
Volunteers
110

Preparer

Firm
Turlington and Company Llp
Address
1338 WESTGATE CENTER DRIVE, WINSTONSALEM, NC 27103
Preparer
W Bennett Bruff
Phone
3367652410
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C Explanation

No changes from prior year method of audit oversight.

Financial Statement Notes

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

Endowment funds are available for board approved expenditures for capital improvements to the ymca facility.

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

The ymca has determined that it has no uncertain income tax positions as of december 31, 2015. Also, the ymca does not anticipate any increase or decrease in unrecognized tax benefits during the next twelve months that would result in a material change to its financial position. The ymca's income tax returns for years ended after december 31, 2012 remain open for examination.

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

Scholarships - 112690 food service cogs - 32864 member service cogs - 1524

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

Scholarships - 112690 food service cogs - 32864 member service cogs - 1524

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IRS990/Form990PartVIISectionAGrp/TitleTxt0Chairperson Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt1Assistant Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt3Past Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice Chairperson
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Director
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990PartVIISectionAGrp/TitleTxt19Director
IRS990/Form990PartVIISectionAGrp/TitleTxt20Director
IRS990/Form990PartVIISectionAGrp/TitleTxt21Director
IRS990/Form990PartVIISectionAGrp/TitleTxt22CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23Senior Exec VP
IRS990/Form990PartVIISectionAGrp/TitleTxt24CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt25Associate Executive Director
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IRS990/MissionDesc0THE J SMITH YOUNG YMCA IS A VOLUNTEER LED PUBLIC CHARITY THAT INCLUDES MEN, WOMEN AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. OUR MISSION IS TO DEVELOP CHRISTIAN CHARACTER BY PROVIDING FACILITIES AND PROGRAMS AND SERVICES THAT CONTRIBUTE TO THE PHYSICAL SOCIAL, MENTAL, AND SPIRITUAL GROWTH OF MEMBERS OF THE COMMUNITY TO AID IN THE BUILDING OF A CHRISTIAN SOCIETY.
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.60$0.26$5.33$2.54$2.20$0.34
2023Detailed filing. Detailed filing data is available for this year.$5.22$0.35$4.88$2.40$2.19$0.21
2022Detailed filing. Detailed filing data is available for this year.$4.81$0.29$4.52$2.13$2.03$0.10
2021Detailed filing. Detailed filing data is available for this year.$4.82$0.24$4.58$2.07$1.44$0.63
2020Detailed filing. Detailed filing data is available for this year.$4.23$0.28$3.95$1.80$1.90$0.10
2019Detailed filing. Detailed filing data is available for this year.$4.42$0.35$4.07$2.10$2.17$0.07
2018Detailed filing. Detailed filing data is available for this year.$4.33$0.32$4.01$1.84$2.03$0.19
2017Detailed filing. Detailed filing data is available for this year.$4.63$0.35$4.28$2.01$2.10$0.08
2016Detailed filing. Detailed filing data is available for this year.$4.71$0.45$4.26$2.00$2.13$0.13
2015Detailed filing. Detailed filing data is available for this year.$4.95$0.62$4.33$2.41$2.08$0.34
2014Detailed filing. Detailed filing data is available for this year.$4.98$0.90$4.08$2.10$2.06$0.04
2013Detailed filing. Detailed filing data is available for this year.$4.41$0.27$4.14$2.13$2.06$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.41$0.36$4.05$2.05
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.09$0.43$2.66$1.92
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.14$0.28$2.87$1.96