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Nonprofiteer
← WESTPORT WESTON FAMILY YMCA FOUNDATION INC

Form 990 for tax year 2024

Filed by WESTPORT WESTON FAMILY YMCA FOUNDATION INC.

Totals

Total revenue
$3,824,959
Total expenses
$1,479,590
Contributions and grants received
$0
Grants paid
$1,215,000
Program service revenue
$0
Investment income
$3,824,959
Other revenue
$0
Total assets, end of year
$54,706,290
Total liabilities, end of year
$76,759
Net assets or fund balances, end of year
$54,629,531
Program services expenses (Part IX)
$1,215,000
Management and general expenses
$264,590
Fundraising expenses
$0
Program service expenses (Part III)
$1,215,000

Program services were 82.1% 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.

  • 3 · Investment income

    total $109,603 · excluded $109,603

  • 7a · Gross sales of assets other than inventory

    securities $48,899,505

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

    securities $45,184,149

  • 7c · Gain or loss

    securities $3,715,356

  • 7d · Net gain or loss

    total $3,715,356 · excluded $3,715,356

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,215,000 · program services $1,215,000

  • 11f · Fees: investment management

    total $264,590 · management and general $264,590

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,054 · end of year $9,054

  • 2 · Savings and temporary cash investments

    beginning of year $271,171 · end of year $20,250

  • 11 · Investments: publicly traded securities

    beginning of year $42,451,451 · end of year $0

  • 12 · Investments: other securities

    beginning of year $8,038,793 · end of year $54,661,849

  • 15 · Other assets

    beginning of year $100,511 · end of year $15,137

  • 25 · Other liabilities

    beginning of year $164,577 · end of year $76,759

  • 27 · Net assets without donor restrictions

    beginning of year $50,706,403 · end of year $54,629,531

Mission and programs · 2024

Mission

THE WESTPORT/WESTON FAMILY YMCA FOUNDATION, INC. (THE FOUNDATION) WAS ORGANIZED AS A 501(C)(3) CORPORATION IN 2016 WITH THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTPORT/WESTON, CONNECTICUT, INC. (THE ASSOCIATION) AS ITS SOLE MEMBER. THE FOUNDATION'S PURPOSE IS TO: A.) SUPPORT, BENEFIT AND ASSIST THE OPERATIONS, PROGRAMS, ENDEAVORS AND INITIATIVES OF THE ASSOCIATION. B.) RECEIVE FROM ANY PERSON, FIRM, FOUNDATION, CORPORATION, OR GOVERNMENTAL AGENCY, PROPERTY WHICH WILL CONSTITUTE THE FUNDS OF THE ASSOCIATION OR WHICH BY GIFT, BEQUEST OR OTHERWISE IS DEDICATED TO THE ASSOCIATION. C.) TO OWN, HOLD, MANAGE, INVEST, AND REINVEST SUCH PROPERTY RECEIVED BY THE FOUNDATION AND TO USE AND APPLY THE NET INCOME AND PRINCIPAL OF ALL SUCH PROPERTY IN SUCH A MANNER AND AT SUCH TIMES AS DEEMED BEST FOR THE USE OR BENEFIT OF THE ASSOCIATION.

Activities or mission (Part I)

FOUNDATION WAS ORGANIZED AS A 501C3 CORPORATION WITH THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF WESTPORT/WESTON, CT INC. (THE ASSOCIATION) AS ITS SOLE MEMBER. THE FOUNDATION'S PURPOSE IS TO OBTAIN AND ADMINISTER FUNDS TO BE USED IN FURTHERANCE OF THE ASSOCIATION'S PURPOSE.

  • DISTRIBUTION OF FUNDS TO THE WESTPORT WESTON FAMILY YMCA

    Expenses $1,215,000 · Grants $1,215,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Bonnie Strittmatter

    TRUSTEE OUTGOING

    Total calculated
    $0
    Hours/week
    2

  • Charlie Haberstroh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Dan McHugh

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Dana McCreesh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Doug Fincher

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Iain Bruce

    TRUSTEE OUTGOING

    Total calculated
    $0
    Hours/week
    2

  • James Westphal

    TRUSTEE OUTGOING

    Total calculated
    $0
    Hours/week
    2

  • Jim Marpe

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • John McKinney

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    5

  • Julaine Sunderland

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Kathryn Gussen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Michael Taets

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Paul Keblish

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Pete Wolgast

    TRUSTEE

    Total calculated
    $0
    Hours/week
    2

  • Peter Nussbaum

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Phillip Schemel

    TRUSTEE OUTGOING

    Total calculated
    $0
    Hours/week
    2

  • Rosemary Halstead

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Anjali McCormick

    CEO OUTGOING

    Total calculated
    $331,465
    From this org
    $0
    From related orgs
    $292,926
    Other
    $38,539
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $269,593 related
    Bonus
    $0 + $23,333 related
    Other
    $0
    Deferred
    $0 + $29,614 related
    Nontaxable benefits
    $0 + $8,925 related
    Filer's total
    $0 + $331,465 related

  • Glen Hale

    CHIEF FINANCIAL OFFICER/INTERIM CEO

    Total calculated
    $246,767
    From this org
    $0
    From related orgs
    $202,770
    Other
    $43,997
    Hours/week
    1 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $162,401 related
    Bonus
    $0 + $40,369 related
    Other
    $0
    Deferred
    $0 + $12,869 related
    Nontaxable benefits
    $0 + $31,128 related
    Filer's total
    $0 + $246,767 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

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

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
2024
Filed
5 November 2025
IRS schema version
2024v5.2
Source object
202543159349300809

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