Form 990 for tax year 2025
Filed by OLEAN-BRADFORD AREA YMCA FOUNDATION INC.
Totals
- Total revenue
- $135,895
- Total expenses
- $32,000
- Contributions and grants received
- $31,498
- Grants paid
- $32,000
- Program service revenue
- $0
- Investment income
- $104,397
- Other revenue
- $0
- Total assets, end of year
- $2,458,673
- Total liabilities, end of year
- $129,469
- Net assets or fund balances, end of year
- $2,329,204
- Program services expenses (Part IX)
- $32,000
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $32,000
Program services were 100.0% 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.
-
1a · Federated campaigns
$31,498
-
3 · Investment income
total $104,397 · excluded $104,397
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $32,000 · program services $32,000
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $0
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $0
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
beginning of year $2,106,219 · end of year $2,446,538
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $11,308 · end of year $12,135
-
25 · Other liabilities
beginning of year $129,469 · end of year $129,469
-
27 · Net assets without donor restrictions
beginning of year $723,722 · end of year $938,163
-
28 · Net assets with donor restrictions
beginning of year $1,264,336 · end of year $1,391,041
Mission and programs · 2025
Mission
THE PRIMARY PURPOSE OF THE OLEAN-BRADFORD YMCA FOUNDATION, INC. IS TO FURTHER THE MISSION OF THE YMCA OF THE TWIN TIERS BY BUILDING, INVESTING AND MANAGING ONE OR MORE FUNDS TO PROVIDE FINANCIAL SUPPORT FOR THE ACTIVITIES AND OPERATIONS OF THE ASSOCIATION.
Activities or mission (Part I)
THE PRIMARY MISSION OF THE OLEAN-BRADFORD YMCA FOUNDATION, INC. IS TO SUPPORT THE ANNUAL OPERATING NEEDS OF THE BRANCHES OF THE YMCA AND TO PRESERVE THE FUTURE PURCHASING POWER OF THE ASSETS BY ACHIEVING CAPITAL APPRECIATION AND GROWTH OF INCOME.
-
SUPPORT FOR THE ANNUAL OPERATING NEEDS OF THE BRANCHES OF THE YMCA
Expenses $32,000 · Grants $32,000 · Revenue $135,895
As filed on the 2025 return.
Listed in Part VII
-
Jeff TownsendJEFF TOWNSEND
CEO, SECRETARY
- Total calculated
- $164,539
- From this org
- $0
- From related orgs
- $161,939
- Other
- $2,600
- Hours/week
- 2 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $161,939 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $2,600 related
- Nontaxable benefits
- not reported
- Filer's total
- not reported + $164,539 related
-
Brenda ThreehouseBRENDA THREEHOUSE
CFO
- Total calculated
- $126,180
- From this org
- $0
- From related orgs
- $125,920
- Other
- $260
- Hours/week
- 2 + 40 related
-
Dr Jafar HamidiDR JAFAR HAMIDI
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dan DeroseDAN DEROSE
Director
- Total calculated
- $0
- Hours/week
- 1
-
Karen Costello-PechtKAREN COSTELLO-PECHT
Director
- Total calculated
- $0
- Hours/week
- 1
-
William WalshWILLIAM WALSH
Director
- Total calculated
- $0
- Hours/week
- 1
-
Julie MarascoJULIE MARASCO
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jill DunnJILL DUNN
Director
- Total calculated
- $0
- Hours/week
- 1
-
William LevenWILLIAM LEVEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Don FredeenDON FREDEEN
Board Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jim RiedJIM RIED
Director
- Total calculated
- $0
- Hours/week
- 1
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
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
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
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.
-
Young Mens Christian Association
501(c)(3) · Improvement of well-being · NY · controlled entity
Directly controlled by YMCA of the Twin Tiers
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 17 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611689349300501
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