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Nonprofiteer
← LAFAYETTE YMCA SUPPORT CORPORATION

Form 990 for tax year 2023

Filed by LAFAYETTE YMCA SUPPORT CORPORATION.

Totals

Total revenue
$1,112,860
Total expenses
$1,279,160
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,112,818
Investment income
$42
Other revenue
$0
Total assets, end of year
$28,203,265
Total liabilities, end of year
$26,750,082
Net assets or fund balances, end of year
$1,453,183
Program services expenses (Part IX)
$1,279,160
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,279,160

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.

  • 2a · Program service revenue: LAFAYETTE FAMILY YMCA RENT

    total $1,112,818 · related or exempt $1,112,818

  • 3 · Investment income

    total $42 · related or exempt $42

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $97,500 · program services $97,500

  • 20 · Interest

    total $360,986 · program services $360,986

  • 22 · Depreciation, depletion and amortization

    total $820,674 · program services $820,674

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $302,305 · end of year $198,857

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

    $26,510,065

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

    $3,901,358

  • 10c · Land, buildings and equipment, net

    beginning of year $23,377,030 · end of year $22,608,707

  • 14 · Intangible assets

    beginning of year $1,539,947 · end of year $1,487,598

  • 15 · Other assets

    beginning of year $3,150,285 · end of year $3,908,103

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,084 · end of year $30,082

  • 23 · Secured mortgages and notes payable

    beginning of year $26,720,000 · end of year $26,720,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,619,483 · end of year $1,453,183

Mission and programs · 2023

Mission

THE LAFAYETTE YMCA SUPPORT CORPORATION WAS ESTABLISHED TO QUALIFY AS A SUPPORTING ORGANIZATION FOR THE LAFAYETTE FAMILY YMCA. THE YMCA SUPPORT CORPORATION WILL CONSTRUCT, OWN, OPERATE, AND LEASE ASSETS TO THE LAFAYETTE FAMILY YMCA. THE LAFAYETTE YMCA SUPPORT CORPORATION WILL BE OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF THE LAFAYETTE FAMILY YMCA.

  • BORROWS FUNDS, PAYS INTEREST IN ORDER TO BUILD AND OWN THE FACILITY AND EQUIPMENT BEING UTILIZED BY THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF LAFAYETTE. THE SUPPORT CORPORATION RENTS THE FACILITY AND EQUIPMENT TO THE YMCA. THE CORPORATION IS INTENDED TO BE ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF YOUNG MEN'S CHRISTIAN ASSOCIATION (YMCA) OF LAFAYETTE, INDIANA.

    Expenses $1,279,160 · Revenue $1,112,818

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

Listed in Part VII

  • Jackson Bogan

    DIRECTOR

    Total calculated
    $0

  • Paul Cramer

    SECRETARY

    Total calculated
    $0

  • James Knapp

    DIRECTOR

    Total calculated
    $0

  • Jim Schrader

    DIRECTOR

    Total calculated
    $0

  • Mike Stapleton

    PRESIDENT

    Total calculated
    $0

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.

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
15 November 2024
IRS schema version
2023v5.0
Source object
202433199349306883

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