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← YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER HOUSTON AREA ENDOWMENT

Form 990 for tax year 2022

Filed by YOUNG MENS CHRISTIAN ASSOCIATION OF THE GREATER HOUSTON AREA ENDOWMENT.

Totals

Total revenue
$1,214,436
Total expenses
$690,034
Contributions and grants received
$1,666,242
Grants paid
$594,316
Program service revenue
$0
Investment income
-$451,806
Other revenue
$0
Total assets, end of year
$14,481,071
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$14,481,071
Program services expenses (Part IX)
$594,316
Management and general expenses
$95,718
Fundraising expenses
$0
Program service expenses (Part III)
$594,316

Program services were 86.1% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $843,109

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $823,133

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $290,925 · excluded $290,925

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $6,593,733

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

    securities $7,336,464

  • 7c · Gain or loss

    securities -$742,731 · other assets $0

  • 7d · Net gain or loss

    total -$742,731 · excluded -$742,731

  • 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.

  • 1 · Grants to domestic organizations and governments

    total $594,316 · program services $594,316

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 11f · Fees: investment management

    total $93,762 · management and general $93,762

  • 11g · Fees: other

    total $1,956 · program services $0 · management and general $1,956 · fundraising $0

  • 21 · Payments to affiliates

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

  • 24e · All other expenses

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

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $24,217 · end of year $208,969

  • 3 · Pledges and grants receivable

    beginning of year $55,420 · end of year $33,488

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning 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

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $16,382,040 · end of year $12,683,391

  • 12 · Investments: other securities

    beginning of year $0 · end of year $1,475,849

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $110,900 · end of year $79,374

  • 17 · Accounts payable and accrued expenses

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $11,275,022 · end of year $9,557,051

  • 28 · Net assets with donor restrictions

    beginning of year $5,297,555 · end of year $4,924,020

Mission and programs · 2022

Mission

THE ENDOWMENT FOUNDATION EXISTS TO ENSURE CRUCIAL DOLLARS ARE DESIGNATED TO FURNISH ASSISTANCE AND SUPPORT TO THE CHARITABLE AND EDUCATIONAL UNDERTAKINGS OF THE YMCA TODAY AND FOR GENERATIONS TO COME. THE ASSETS OF THE ENDOWMENT FUND ARE PRUDENTLY MANAGED FOR THE FUTURE, WHILE THE INTEREST FROM THE FUND IS INVESTED IN PROGRAMS AND SERVICES MEETING TODAY'S MOST PRESSING NEEDS. AS A CHARITABLE ASSOCIATION, THE YMCA OF GREATER HOUSTON DEPENDS ON PHILANTHROPY TO MEET OUR MISSION AND THE YMCA ENDOWMENT IS A VITAL PART OF ENSURING THAT OUR VALUES AND GOALS CONTINUE IN THE YEARS AHEAD.

Activities or mission (Part I)

The YMCA Endowment Foundation exists to provide long-term support to the charitable mission of the YMCA of Greater Houston ensuring that the YMCA can meet the ever-changing needs of children, families, and communities throughout the metropolitan Houston area now and into the future.

  • The YMCA Endowment Foundation exists to provide long-term support to the charitable mission of the YMCA of Greater Houston ensuring that the YMCA can meet the ever-changing needs of children, families, and communities throughout the Houston area now and into the future. For 136 years the YMCA of Greater Houston has focused on empowering young people, improving health and well-being, and inspiring action in and across communities. At the Y strengthening community is our cause. Everything we do is in service of making sure people and communities thrive. When you invest in the Y you become part of a community and an organization that is actively and visibly improving outcomes for all. Today, we are transforming to better address issues like food insecurity, health disparities, racial inequities, social isolation, learning gaps, and more. The YMCA of Greater Houston was founded as a place where all people could find hope, fellowship, and healing. Now, we are challenged to find new ways to transform our organization to not only meet the needs of our members but to also address critical community issues and keep our organization thriving for years to come. The YMCA is not just a place, we are a purpose, and being a part of the YMCA is not just about buildings and programs, it is about being a part of something bigger than all of us and being an advocate for the most vulnerable among us.

    Expenses $594,316 · Grants $594,316

As filed on the 2022 return.

Listed in Part VII

  • Elizabeth Shea

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jeni Halliday

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrew Keller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brad McWilliams

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bryce Kennard

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chris Behme

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Howard Tellepsen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Schier

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • John S Arnold

    Director

    Total calculated
    $0
    Hours/week
    1

  • Judy Ley Allen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Schissler

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ronnie Hallenberger

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Friedman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Garcia

    CFO

    Total calculated
    $277,643
    From this org
    $0
    From related orgs
    $248,011
    Other
    $29,632
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,688 related
    Bonus
    $0 + $9,323 related
    Other
    $0
    Deferred
    $0 + $29,632 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $277,643 related

  • Stephen Ives

    President & CEO

    Total calculated
    $629,139
    From this org
    $0
    From related orgs
    $529,196
    Other
    $99,943
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $505,197 related
    Bonus
    $0 + $23,999 related
    Other
    $0
    Deferred
    $0 + $91,753 related
    Nontaxable benefits
    $0 + $8,190 related
    Filer's total
    $0 + $629,139 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
The compensation and performance of the president and CEO of the YMCA of the Greater Houston Area are reviewed annually by the executive compensation Committee of the Board of directors. An independent nationally recognized compensation firm provides not-for-profit compensation comparability data for all senior-level positions to the executive compensation committee as required for compliance with the regulations of section 4958 of the internal revenue code. The executive compensation committee has reviewed and deemed reasonable the compensation of all senior staff in compliance with IRS regulations.

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
2022
Filed
31 May 2023
IRS schema version
2022v5.0
Source object
202321519349300947

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