Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $105,800

• 1c · Fundraising events

  $854,173

• 1e · Government grants (contributions)

  $35,345,181

• 1f · All other contributions, gifts and grants

  $11,622,155

• 1g · Noncash contributions included above

  $3,704,637

• 2a · Program service revenue: PROGRAM FEES

  total $23,513,752 · related or exempt $23,513,752

• 2b · Program service revenue: AFFORDABLE HEALTH & WELLNESS PROG

  total $18,382,363 · related or exempt $18,382,363

• 2c · Program service revenue: OTHER REVENUES

  total $2,601,513 · related or exempt $2,601,513

• 3 · Investment income

  total $635,408 · excluded $635,408

• 7a · Gross sales of assets other than inventory

  securities $22,840,585

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

  securities $23,058,809

• 7c · Gain or loss

  securities -$218,224

• 7d · Net gain or loss

  total -$218,224 · excluded -$218,224

• 8a · Fundraising events: gross income

  $308,594

• 8a · Fundraising events: contributions included on line 1c

  $854,173

• 8b · Fundraising events: direct expenses

  $244,207

• 8c · Net income from fundraising events

  total $64,387 · excluded $64,387

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,966,530 · program services $873,671 · management and general $574,739 · fundraising $518,120

• 7 · Other salaries and wages

  total $37,701,437 · program services $34,379,631 · management and general $2,171,694 · fundraising $1,150,112

• 8 · Pension plan contributions

  total $1,648,275 · program services $1,518,317 · management and general $81,231 · fundraising $48,727

• 9 · Other employee benefits

  total $2,318,879 · program services $2,009,386 · management and general $209,930 · fundraising $99,563

• 10 · Payroll taxes

  total $3,279,091 · program services $2,981,452 · management and general $214,188 · fundraising $83,451

• 11b · Fees: legal

  total $197,892 · program services $3,069 · management and general $194,823

• 11c · Fees: accounting

  total $228,559 · management and general $228,559

• 11d · Fees: lobbying

  total $105,470 · management and general $105,470

• 11f · Fees: investment management

  total $122,630 · management and general $122,630

• 11g · Fees: other

  total $5,441 · fundraising $5,441

• 12 · Advertising and promotion

  total $638,726 · program services $413,053 · fundraising $225,673

• 13 · Office expenses

  total $284,168 · program services $217,540 · management and general $51,758 · fundraising $14,870

• 14 · Information technology

  total $892,052 · program services $843,254 · management and general $37,231 · fundraising $11,567

• 16 · Occupancy

  total $13,231,780 · program services $12,714,868 · management and general $471,477 · fundraising $45,435

• 17 · Travel

  total $504,768 · program services $499,308 · management and general $1,388 · fundraising $4,072

• 19 · Conferences, conventions and meetings

  total $339,957 · program services $321,736 · management and general $9,880 · fundraising $8,341

• 22 · Depreciation, depletion and amortization

  total $4,125,457 · program services $3,978,931 · management and general $146,526

• 23 · Insurance

  total $552,257 · program services $552,257

• 24a · Other expenses: PROGRAM FOOD AND PERSON

  total $10,439,007 · program services $10,439,007

• 24b · Other expenses: PROGRAM EXPENSES

  total $2,222,967 · program services $2,222,967

• 24c · Other expenses: EQUIPMENT EXPENDABLES L

  total $2,120,407 · program services $2,120,407

• 24d · Other expenses: NATIONAL SUPPORT

  total $517,561 · management and general $517,561

• 24e · All other expenses

  total $100,783 · management and general $59,909 · fundraising $40,874

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,495,354 · end of year $6,553,080

• 2 · Savings and temporary cash investments

  beginning of year $81,801 · end of year $587,176

• 3 · Pledges and grants receivable

  beginning of year $1,092,990 · end of year $868,651

• 4 · Accounts receivable

  beginning of year $4,074,576 · end of year $5,929,824

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

  $207,010,600

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

  $97,752,839

• 10c · Land, buildings and equipment, net

  beginning of year $108,731,375 · end of year $109,257,761

• 11 · Investments: publicly traded securities

  beginning of year $35,041,074 · end of year $35,772,102

• 15 · Other assets

  beginning of year $636,786 · end of year $6,519,362

• 17 · Accounts payable and accrued expenses

  beginning of year $6,111,055 · end of year $6,553,773

• 19 · Deferred revenue

  beginning of year $1,890,363 · end of year $1,904,514

• 20 · Tax-exempt bond liabilities

  beginning of year $41,794,224 · end of year $40,356,848

• 25 · Other liabilities

  beginning of year $17,339,372 · end of year $13,784,106

• 27 · Net assets without donor restrictions

  beginning of year $76,078,040 · end of year $83,802,176

• 28 · Net assets with donor restrictions

  beginning of year $20,940,902 · end of year $19,086,539

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE A HOUSING ALLOWANCE IS PROVIDED TO THE FORMER PRESIDENT/CEO AS PART OF HIS COMPENSATION FOR THE YEAR. THE ALLOWANCE ENDED WITH HIS EMPLOYMENT ON DECEMBER 31, 2022. THE YMCA OF GREATER BOSTON PROVIDES MEMBERSHIPS TO ALL ELIGIBLE EMPLOYEES EMPLOYMENT CONTRACT. THE ALLOWANCE AMOUNT IS INCLUDED IN TAXABLE AT NO COST.

PART I, LINE 7

BONUS AND INCENTIVE COMPENSATION PAYMENT ARE PAID AT THE RECOMMENDATION OF THE ORGANIZATION'S CEO, SUBJECT TO THE REVIEW AND APPROVAL BY THE COMPENSATION COMMITTEE TO THE GENERAL BOARD FOR APPROVAL.

SCHEDULE J, PART II, COLUMN (B) (III):

OTHER REPORTABLE COMPENSATION INCLUDES TRANSPORTATION BENEFITS AND RELOCATION BENEFITS. SUCH AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION FOR THE YEAR.

SCHEDULE J, PART II, COLUMN (B) (I) AND (C):

IN JUNE 2022, THE BOARD APPROVED AN INCREASE IN THE RETIREMENT CONTRIBUTION FOR THE PLAN SPONSORED Y RETIREMENT FROM 8% TO 10%. THE INCREASED CONTRIBUTION WAS EFFECTIVE FOR THE PAYDATE JULY 22, 2022.

SCHEDULE J, PART II:

JAMES O'S. MORTON RETIRED EFFECTIVE DECEMBER 31, 2022. JARRETT C. ROYSTER LEFT EMPLOYMENT OF THE ORGANIZATION ON OCTOBER 7, 2022 AND TODD TUNEY LEFT EMPLOYMENT OF THE ORGANIZATION ON SEPTEMBER 16, 2022. DAVID SHAPIRO JOINED THE ORGANIZATION AS ITS 14TH PRESIDENT AND CEO EFFECTIVE OCTOBER 17, 2022. ROBIN GILBERT JOINED THE ORGANIZATION AS ITS CHIEF HUMAN RESOURCES OFFICER ON FEBRUARY 14, 2022.