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Nonprofiteer
← YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC

Form 990 for tax year 2025

Filed by YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC.

Totals

Total revenue
$818,793
Total expenses
$65,029
Contributions and grants received
$501,992
Grants paid
$0
Program service revenue
$0
Investment income
$316,801
Other revenue
$0
Total assets, end of year
$7,868,580
Total liabilities, end of year
$13,680
Net assets or fund balances, end of year
$7,854,900
Program services expenses (Part IX)
$0
Management and general expenses
$65,029
Fundraising expenses
$0
Program service expenses (Part III)
$0

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $1,388

  • 1f · All other contributions, gifts and grants

    $500,604

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $316,609 · excluded $316,609

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $3,060,692

  • 7b · Less cost or other basis and sales expenses

    securities $3,060,500

  • 7c · Gain or loss

    securities $192 · other assets $0

  • 7d · Net gain or loss

    total $192 · excluded $192

  • 8c · Net income from fundraising events

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $2,622 · management and general $2,622

  • 11f · Fees: investment management

    total $46,932 · management and general $46,932

  • 11g · Fees: other

    total $15,055 · program services $0 · management and general $15,055 · fundraising $0

  • 24a · Other expenses: LICENSE FEE

    total $420 · management and general $420

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $33,935 · end of year $26,757

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $8,568,949 · end of year $7,841,823

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,667 · end of year $9,314

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 25 · Other liabilities

    beginning of year $30,851 · end of year $4,366

  • 27 · Net assets without donor restrictions

    beginning of year $3,617,735 · end of year $2,321,199

  • 28 · Net assets with donor restrictions

    beginning of year $4,949,631 · end of year $5,533,701

Mission and programs · 2025

Mission

THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ENABLING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS BOTH NOW AND IN THE FUTURE. EARNINGS FROM THE FUND SUPPORT EXISTING PROGRAM AREAS, PROVIDE FLEXIBILITY TO DEVELOP NEW PROGRAMS IN RESPONSE TO CHANGING COMMUNITY NEEDS, FUND IMPROVEMENTS TO KEEP FACILITIES SAFE, WELCOMING, AND UP TO CODE, AND OFFER A SAFETY NET DURING TIMES OF CRISIS OR ECONOMIC UNCERTAINTY. AS THE NATION'S LEADING NONPROFIT FOR YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY, THE Y MUST ENSURE IT CAN CONTINUE TO MAKE A MEANINGFUL AND LASTING IMPACT IN THE COMMUNITY-BOTH NOW AND IN THE FUTURE. RAPID CHANGES IN THE LOCAL ECONOMY MAKE IT EVEN MORE IMPORTANT TO PLAN FOR LONG-TERM STABILITY. SOUND FINANCIAL PLANNING IS A STEWARDSHIP RESPONSIBILITY OF THE LEADERS ENTRUSTED TO STRENGTHEN THE Y DURING THEIR TIME OF SERVICE.

Activities or mission (Part I)

THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ENABLING THE YMCA TO ADDRESS CRITICAL COMMUNITY NEEDS BOTH NOW AND IN THE FUTURE. THIS FUNDING SUPPORTS THE YMCA OF SOUTH PALM BEACH COUNTY AND HELPS ADVANCE ITS MISSION. THE Y'S MISSION IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND, AND BODY FOR ALL. ITS BRAND PROMISE IS TO STRENGTHEN THE FOUNDATIONS OF COMMUNITIES. WITH A COMMITMENT TO NURTURING THE POTENTIAL OF CHILDREN, PROMOTING HEALTHY LIVING, AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY, THE Y ENSURES THAT EVERY INDIVIDUAL HAS ACCESS TO THE RESOURCES NEEDED TO LEARN, GROW, AND THRIVE.

  • THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE.

As filed on the 2025 return.

Listed in Part VII

  • Christopher B Warren

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jackie Reeves

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Robert Robes

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Susan Harris

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Timothy Devlin

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kenneth Kaleel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Randy Nobles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bonnie J Snow

    CFO

    Total calculated
    $159,757
    From this org
    $0
    From related orgs
    $150,011
    Other
    $9,746
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,011 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,746 related
    Filer's total
    $0 + $159,757 related

  • Jason Hagensick

    PRESIDENT/CEO

    Total calculated
    $361,097
    From this org
    $0
    From related orgs
    $310,196
    Other
    $50,901
    Hours/week
    1 + 49 related

    Schedule J breakdown matched by us

    Base
    $0 + $252,152 related
    Bonus
    $0 + $49,044 related
    Other
    $0 + $9,000 related
    Deferred
    $0 + $37,223 related
    Nontaxable benefits
    $0 + $13,678 related
    Filer's total
    $0 + $361,097 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3 ARRANGEMENT USED TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION
THE VOLUNTEER OFFICERS OF THE BOARD OF TRUSTEES OF THE YMCA OF SOUTH PALM BEACH COUNTY, A RELATED ENTITY, ARE RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE CEO AND FOR SETTING COMPENSATION. THESE ARE ALL INDEPENDENT INDIVIDUALS. THEY ARE PROVIDED WITH COMPARABILITY DATA BY THE YMCA OF THE USA AS WELL AS RECOMMENDATIONS FOR SALARY RANGES ACCORDING TO THE SIZE AND SCOPE OF THE ASSOCIATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2025
Filed
19 August 2026
IRS schema version
2025v4.2
Source object
202622319349301117

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