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Nonprofiteer
← YMCA FOUNDATION

Form 990 for tax year 2024

Filed by YMCA FOUNDATION.

Totals

Total revenue
$598,938
Total expenses
$405,403
Contributions and grants received
$0
Grants paid
$366,368
Program services expenses (Part IX)
$366,368
Management and general expenses
$39,035
Fundraising expenses
$0
Program service expenses (Part III)
$366,368

Program services were 90.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Anthony P Cracchiolo

    Chair

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michelle Kotas

    Treasurer

    Total calculated
    $203,979
    From this org
    $0
    From related orgs
    $171,134
    Other
    $32,845
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,783 related
    Bonus
    $0
    Other
    $0 + $18,351 related
    Deferred
    $0 + $17,254 related
    Nontaxable benefits
    $0 + $15,591 related
    Filer's total
    $0 + $203,979 related

  • Parrish Underwood

    President

    Total calculated
    $254,541
    From this org
    $0
    From related orgs
    $246,746
    Other
    $7,795
    Hours/week
    5 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,336 related
    Bonus
    $0
    Other
    $0 + $1,410 related
    Deferred
    $0 + $6,500 related
    Nontaxable benefits
    $0 + $1,295 related
    Filer's total
    $0 + $254,541 related

  • Andrew A Dincolo

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Gregory C Hamilton

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Harold Dubrowsky

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • John C Carter

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Marita S Grobbel

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Michael E McInerney

    Board Member

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Richard Aginian

    Board Member

    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 — 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
EXECUTIVE COMPENSATION IS PAID AND ESTABLISHED BY A RELATED ORGANIZATION, THE YMCA OF METROPOLITAN DETROIT. THE YMCA OF METROPOLITAN DETROIT'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO/PRESIDENT. THE CEO/PRESIDENT IS NOT INVOLVED IN THE REVIEW OR APPROVAL OF HIS OR HER OWN COMPENSATION. THE EXECUTIVE COMMITTEE MET AFTER THE END OF THE YEAR TO COMPLETE A PERFORMANCE EVALUATION AND DETERMINE COMPENSATION. DATA FOR COMPARABLE COMPENSATION FOR CEO'S OF SIMILAR SIZED YMCA'S WAS OBTAINED DURING THE REVIEW PROCESS FROM Y-USA. LEGAL COUNSEL IS ALSO CONSULTED, IF NECESSARY. THE EXECUTIVE COMMITTEE PROVIDES THE ORGANIZATION WITH WRITTEN INSTRUCTIONS REGARDING THE COMPENSATION AND BONUS TO BE PAID TO THE CEO/PRESIDENT.

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

  • YMCA OF METROPOLITAN DETROIT

    $366,368

    THE FUNDS GRANTED TO THE YMCA REPRESENT THE ANNUAL AMOUNT THE FOUNDATION BOARD APPROVES AS THE ANNUAL ALLOCATION TO SUPPORT GENERAL OPERATIONS. THIS AMOUNT IS TRANSFERRED TO THE YMCA AS A QUARTERLY PAYOUT. THE AMOUNT IS FURTHER ALLOCATED TO BRANCHES TO SUPPORT VARIOUS PROGRAMMING INITIATIVES, SUCH AS OUTREACH, DAY CAMP, SWIM TEAMS, AND LITERACY INITIATIVES.

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
13 June 2025
IRS schema version
2024v5.1
Source object
202501649349300735

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