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← FAMILY YMCA OF MARION AND POLK COUNTIES SUPPORT ORGANIZATION

Form 990 for tax year 2023

Filed by FAMILY YMCA OF MARION AND POLK COUNTIES SUPPORT ORGANIZATION.

Totals

Total revenue
$1,312,691
Total expenses
$1,338,226
Contributions and grants received
$1,312,375
Grants paid
$0
Program service revenue
$0
Investment income
$316
Other revenue
$0
Total assets, end of year
$29,079,983
Total liabilities, end of year
$28,972,569
Net assets or fund balances, end of year
$107,414
Program services expenses (Part IX)
$0
Management and general expenses
$1,338,226
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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

    $1,312,375

  • 3 · Investment income

    total $316 · excluded $316

Functional expenses

Part IX, the statement of functional expenses.

  • 13 · Office expenses

    total $102,300 · management and general $102,300

  • 20 · Interest

    total $490,480 · management and general $490,480

  • 22 · Depreciation, depletion and amortization

    total $745,446 · management and general $745,446

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,547 · end of year $960

  • 2 · Savings and temporary cash investments

    beginning of year $712,203 · end of year $610,078

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

    $29,363,917

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

    $894,972

  • 10c · Land, buildings and equipment, net

    beginning of year $27,841,717 · end of year $28,468,945

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,550 · end of year $2,600

  • 23 · Secured mortgages and notes payable

    beginning of year $28,419,968 · end of year $28,969,969

  • 27 · Net assets without donor restrictions

    beginning of year $132,949 · end of year $107,414

Mission and programs · 2023

Mission

TO FINANCIALLY SUPPORT THE FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION OF MARION AND POLK COUNTIES, WHOSE MISSION IS TO STRENGTHEN OUR COMMUNITY THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY, AND TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL.

Activities or mission (Part I)

TO FINANCIALLY SUPPORT THE FAMILY YOUNG MEN'S CHRISTIAN ASSOCIATION OF MARION AND POLK COUNTIES.

  • THE ORGANIZATION SUPPORTED THE DEVELOPMENT OF A NEW BUILDING FOR THE YMCA IN SALEM, OREGON. THE NEW 51,000 SQUARE-FOOT COMMUNITY CENTER, COMPLETED IN 2022, HAS BEEN CONSTRUCTED ON THE Y'S ORIGINAL FOOTPRINT IN DOWNTOWN SALEM AND IS OPEN TO THE COMMUNITY. FOR YEARS, SALEM RESIDENTS OF ALL AGES AND WALKS OF LIFE HAVE ENJOYED THE SALEM FAMILY YMCA'S NUMEROUS PROGRAMS AND SERVICES. UNFORTUNATELY, THE 92-YEAR-OLD BUILDING COST OVER $550,000 A YEAR TO MAINTAIN, AND THE COST OF RENOVATION WAS PROHIBITIVE.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joshua Kay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cindy Koch

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Darin Silbernagel

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gerald Moore

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Victoria Berger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Sinatra

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $186,825
    From this org
    $0
    From related orgs
    $167,361
    Other
    $19,464
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,361 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,515 related
    Nontaxable benefits
    $0 + $5,949 related
    Filer's total
    $0 + $186,825 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)

PART I, LINE 3
APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE OF THE RELATED ORGANIZATION DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR.

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
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403209349310400

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