Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
EIN 57-0557200 • 501(c)3 • Gaffney, SC
Profile
The cherokee county family ymca is a charitable, community service organization that includes men, women, and children of all ages, abilities, incomes, races and religions. We are dedicated to building strong kids, strong families, and strong communities by putting christian principles into practice through programs that promote healthy lifestyles, strong values, leadership development, and community interaction. All people are welcome at our ymca, regardless of their ability to pay. Our ymca is founded and led by volunteers from our community; volunteers also serve as mentors, coaches, program leaders, instructors and more.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
69th percentile
Higher debt load relative to assets than 69% of similar nonprofits.
Liabilities / Revenue
88th percentile
Higher debt load relative to revenue than 88% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
67th percentile
Higher top officer pay than 67% of similar nonprofits.
Top officer pay equals 8.6% of source-year revenue.
Asset Growth
25th percentile
Faster asset growth than 25% of similar nonprofits.
Revenue Growth
6th percentile
Faster revenue growth than 6% of similar nonprofits.
Assets
Down$4,948,842
Down $225,984 (-4.4%) from 2023
Liabilities
Down$1,133,472
Down $157,802 (-12%) from 2023
Net Assets
Down$3,815,370
Down $68,182 (-1.8%) from 2023
Revenue
Down$1,161,706
Down $1,043,214 (-47%) from 2023
Expenses
Up$1,234,000
Up $28,496 (+2.4%) from 2023
Net Income
Down-$72,294
Down $1,071,710 (-107%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
The cherokee county family ymca is a charitable, community service organization that includes men, women, and children of all ages, abilities, incomes, races and religions. We are dedicated to building strong kids, strong families, and strong communities by putting christian principles into practice through programs that promote healthy lifestyles, strong values, leadership development, and community interaction. All people are welcome at our ymca, regardless of their ability to pay. Our ymca is founded and led by volunteers from our community; volunteers also serve as mentors, coaches, program leaders, instructors and more.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $3,432,052 | $3,276,998 | ▼ $155,054 |
| Savings and Temporary Cash Investments | $1,635,014 | $1,557,182 | ▼ $77,832 |
| Cash and Non-Interest-Bearing Accounts | $91,943 | $91,688 | ▼ $255 |
| Investments in Publicly Traded Securities | $13,468 | $17,580 | ▲ $4,112 |
| Prepaid Expenses and Deferred Charges | $1,479 | $5,394 | ▲ $3,915 |
| Pledges and Grants Receivable | $870 | - | - |
| Total Assets | $5,174,826 | $4,948,842 | ▼ $225,984 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $1,152,691 | $1,006,331 | ▼ $146,360 |
| Other Liabilities | $114,026 | $91,523 | ▼ $22,503 |
| Accounts Payable and Accrued Expenses | $13,413 | $24,951 | ▲ $11,538 |
| Deferred Revenue | $11,144 | $10,667 | ▼ $477 |
| Total Liabilities | $1,291,274 | $1,133,472 | ▼ $157,802 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $2,744,040 | $2,643,170 | ▼ $100,870 |
| Net Assets With Donor Restrictions | $1,139,512 | $1,172,200 | ▲ $32,688 |
| Total Net Assets Fund Balance | $3,883,552 | $3,815,370 | ▼ $68,182 |
| Total Liabilities and Net Assets / Fund Balance | $5,174,826 | $4,948,842 | ▼ $225,984 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $2,145,400 | $1,229,976 | $3,375,376 |
| Other Land Buildings | $295,539 | $767,033 | $1,062,572 |
| Land | $689,375 | - | $689,375 |
| Equipment | $146,684 | $485,670 | $632,354 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Summer Parker | CEO | FT | $89,435 | $11,026 | $100,461 |
| Name | Title |
|---|---|
| Carlton Bridges | Chairperson |
| Richard Lavender | Vice Chair |
| Albert Gray | Board Member |
| Beverly Corry | Board Member |
| Bo Caughman | Board Member |
| Charlie Stroup | Board Member |
| John Courtney | Board Member |
| Kayla Osment | Board Member |
| Marcia Duncan | Board Member |
| Matt Gilliland | Board Member |
| Mitchell Humphries | Board Member |
| Robyn Hill | Board Member |
| Tj Haney | Board Member |
| Beth Phillips | Secretary |
| Ginny Wallace | Treasurer |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $624,473 |
| Other Expenses | $606,216 |
| Total Fundraising Expense | $10,646 |
| Grants and Similar Amounts Paid | $3,311 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $387,102 | $48,075 | - | $435,177 |
| Depreciation Depletion | $194,627 | $7,662 | - | $202,289 |
| Occupancy | $185,305 | $4,221 | - | $189,526 |
| Current Officers, Directors, Trustees, and Key Employees | $8,944 | $71,548 | $8,943 | $89,435 |
| Interest | $49,607 | - | - | $49,607 |
| Payroll Taxes | $33,226 | $10,036 | $750 | $44,012 |
| Other Employee Benefits | $26,790 | $8,092 | $605 | $35,487 |
| Fees for Services Accounting | - | $31,871 | - | $31,871 |
| Payments to Affiliates | $20,953 | - | - | $20,953 |
| Pension Plan Contributions | $15,371 | $4,643 | $348 | $20,362 |
| Office Expenses | - | $8,517 | - | $8,517 |
| All Other Expenses | $4,517 | $3,475 | - | $7,992 |
| Other Expenses | $4,403 | - | - | $4,403 |
| Grants to Domestic Individuals | $3,311 | - | - | $3,311 |
| Travel | $2,976 | - | - | $2,976 |
| Advertising | $2,861 | - | - | $2,861 |
| Conferences and Meetings | $1,065 | $502 | - | $1,567 |
| Total Functional Expenses | $1,024,712 | $198,642 | $10,646 | $1,234,000 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $1,237,492 |
| Expenses per Audited Statements | $1,234,000 |
| Total Expenses per Form 990 | $1,234,000 |
| Expenses Not Reported on Form 990 | $3,492 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Lease Payable | $91,523 |
“Directors shall be chosen annually by majority vote of the sitting board of directors at a time and place fixed by the board of directors.”
“Cherokee county family ymca, inc. Has no committees that can act on behalf of the governing body.”
“A copy of the form 990 with all schedules and attachments was provided to each member of the governing board and management and reviewed in detail prior to filing.”
“Conflict of interest disclosure questionnaires are submitted annually to the executive director. They are reviewed and any conflict of interest issues or concerns are addressed at that time. All problems are resolved by the chairperson.”
“The board determines the executive director's compensation each year as a part of the budget process. The determination process involves comparing with similar sized organizations and similar job descriptions, as well as, evaluation of the performance of the executive director in terms of the growth of the organization, its programs, finances, membership, initiatives undertaken and advanced, and overall compliance with policies and procedures and best practices. Detailed minutes of these deliberations are not kept, however the compensation package is voted by the full board and is in the board minutes.”
“Other key employees are evaluated by the executive director and their compensation package are voted by the full board.”
“In circumstances considered to be appropriate i.e. A major donor/benefactor, the organization makes special arrangements to make its governing documents, policies and financial statements available upon request.”
“The cherokee county family ymca is a charitable, community service organization that includes men, women, and children of all ages, abilities, incomes, races and religions. We are dedicated to building strong kids, strong families, and strong communities by putting christian principles into practice through programs that promote healthy lifestyles, strong values, leadership development, and community interaction. All people are welcome at our ymca, regardless of their ability to pay. Our ymca is founded and led by volunteers from our community; volunteers also serve as mentors, coaches, program leaders, instructors and more.”
“This is an estimate. The organization receives donated services from unpaid volunteers who assist in fundraising and special events. The value of this contributed time generally is not reflected in this tax return since it is not susceptible to objective measurement or valuation and donated services are not recognized on tax returns.”
“Healthy living: the y is committed to improving america's health and well- being, community by community. We bring families closer together, encourage good health and foster connections through fitness, sports, fun and shared interests. As a result, an average of 16 families in our community are receiving the support, guidance and resources they need to achieve greater health in spirit, mind and body. This is particularly important as our nation struggles with chronic disease and obesity, families wrestle with work/life balance and individuals search for personal fulfillment. Our programs are accessible, affordable and open to all faiths, backgrounds, abilities and income levels. In 2024, we provided 5,230 in financial assistance to people who otherwise may not have been able to afford to participate.”
“Sale revenue shown net of cost of goods sold-tax return 3,492 sale revenue shown net of cost of goods sold-tax return -3,492”
“The organization adopted the accounting guidance concerning accounting for uncertain tax positions, believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements.”
“Sale revenue shown net of cost of goods sold-tax return 3,492”
“Sale revenue shown net of cost of goods sold-tax return 3,492”
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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|---|---|---|
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| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 24951 |
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| IRS990/ActivityOrMissionDesc | 0 | THE CHEROKEE COUNTY FAMILY YMCA IS A CHARITABLE, COMMUNITY SERVICE ORGANIZATION THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. WE ARE DEDICATED TO BUILDING STRONG KIDS, STRONG FAMILIES, AND STRONG COMMUNITIES BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY LIFESTYLES, STRONG VALUES, LEADERSHIP DEVELOPMENT, AND COMMUNITY INTERACTION. ALL PEOPLE ARE WELCOME AT OUR YMCA, REGARDLESS OF THEIR ABILITY TO PAY. OUR YMCA IS FOUNDED AND LED BY VOLUNTEERS FROM OUR COMMUNITY; VOLUNTEERS ALSO SERVE AS MENTORS, COACHES, PROGRAM LEADERS, INSTRUCTORS AND MORE. |
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| IRS990/AdvertisingGrp/TotalAmt | 0 | 2861 |
| IRS990/AllOtherContributionsAmt | 0 | 108839 |
| IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt | 0 | 3475 |
| IRS990/AllOtherExpensesGrp/ProgramServicesAmt | 0 | 4517 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 7992 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | true |
| IRS990/AuditCommitteeInd | 0 | true |
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| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 8644877556 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 390 WHELCHEL RD |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | GAFFNEY |
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| IRS990/CollectionsOfArtInd | 0 | false |
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| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 89435 |
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| IRS990/CompensationProcessOtherInd | 0 | true |
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| IRS990/ConferencesMeetingsGrp/TotalAmt | 0 | 1567 |
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| IRS990/CYInvestmentIncomeAmt | 0 | 42480 |
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| IRS990/CYOtherRevenueAmt | 0 | 18366 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 992021 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -72294 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 624473 |
| IRS990/CYTotalExpensesAmt | 0 | 1234000 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 10646 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 1161706 |
| IRS990/DAFExcessBusinessHoldingsInd | 0 | false |
| IRS990/DecisionsSubjectToApprovaInd | 0 | false |
| IRS990/DeductibleArtContributionInd | 0 | false |
| IRS990/DeductibleNonCashContriInd | 0 | false |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 11144 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 10667 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | false |
| IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt | 0 | 7662 |
| IRS990/DepreciationDepletionGrp/ProgramServicesAmt | 0 | 194627 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 202289 |
| IRS990/Desc | 0 | HEALTHY LIVING: THE Y IS COMMITTED TO IMPROVING AMERICA'S HEALTH AND WELL- BEING, COMMUNITY BY COMMUNITY. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, AN AVERAGE OF 16 FAMILIES IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH CHRONIC DISEASE AND OBESITY, FAMILIES WRESTLE WITH WORK/LIFE BALANCE AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2024, WE PROVIDED 5,230 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE. |
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| IRS990/DisregardedEntityInd | 0 | false |
| IRS990/DistributionToDonorInd | 0 | false |
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| IRS990/DonorRestrictionNetAssetsGrp/EOYAmt | 0 | 1172200 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | false |
| IRS990/ElectionOfBoardMembersInd | 0 | true |
| IRS990/EmployeeCnt | 0 | 96 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | false |
| IRS990/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990/ExpenseAmt | 0 | 502271 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 31871 |
| IRS990/ForeignActivitiesInd | 0 | false |
| IRS990/ForeignFinancialAccountInd | 0 | false |
| IRS990/ForeignOfficeInd | 0 | false |
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| IRS990/Form8282PropertyDisposedOfInd | 0 | false |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 9 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | BOARD MEMBER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | CEO |
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| IRS990/MissionDesc | 0 | THE CHEROKEE COUNTY FAMILY YMCA IS A CHARITABLE, COMMUNITY SERVICE ORGANIZATION THAT INCLUDES MEN, WOMEN, AND CHILDREN OF ALL AGES, ABILITIES, INCOMES, RACES AND RELIGIONS. WE ARE DEDICATED TO BUILDING STRONG KIDS, STRONG FAMILIES, AND STRONG COMMUNITIES BY PUTTING CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT PROMOTE HEALTHY LIFESTYLES, STRONG VALUES, LEADERSHIP DEVELOPMENT, AND COMMUNITY INTERACTION. ALL PEOPLE ARE WELCOME AT OUR YMCA, REGARDLESS OF THEIR ABILITY TO PAY. OUR YMCA IS FOUNDED AND LED BY VOLUNTEERS FROM OUR COMMUNITY; VOLUNTEERS ALSO SERVE AS MENTORS, COACHES, PROGRAM LEADERS, INSTRUCTORS AND MORE. |
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| IRS990/OtherRevenueMiscGrp/Desc | 0 | WATERPARK RENTAL |
| IRS990/OtherRevenueMiscGrp/Desc | 1 | SPECIAL EVENTS |
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| IRS990/PrincipalOfficerNm | 0 | SUMMER PARKER |
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| IRS990/ProgramServiceRevenueGrp/Desc | 0 | HEALTHY LIVING |
| IRS990/ProgramServiceRevenueGrp/Desc | 1 | YOUTH DEVELOPMENT |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE ALL KIDS HAVE GREAT POTENTIAL AND DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENTS. OUR YMCA PROGRAMS, SUCH AS CHILD CARE, BASKETBALL LEAGUE/CAMP AND TEE-BALL, OFFER A RANGE OF EXPERIENCES THAT ENRICH SOCIAL-EMOTIONAL, COGNITIVE AND PHYSICAL GROWTH. |
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| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | SCHEDULE A, PAGE 3, PART III, SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTION 509(A)(2) THE SCHEDULE WAS REWORKED FOR 2024: AMOUNTS FROM LINES FROM 7B AND 7C HAVE BEEN REMOVED AS FIGURES WERE INADVERTENTLY PUT ON THOSE LINES FOR PAST YEARS. |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | SUPPLEMENTAL INFORMATION |
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