Form 990 for tax year 2022

Filed by YMCA OF THE NORTH SHORE INC.

Totals

Total revenue: $63,528,658
Total expenses: $54,941,787
Contributions and grants received: $23,648,856
Grants paid: $4,505,272
Program service revenue: $35,835,448
Investment income: $432,702
Other revenue: $3,611,652
Total assets, end of year: $129,611,197
Total liabilities, end of year: $41,445,301
Net assets or fund balances, end of year: $88,165,896
Program services expenses (Part IX): $52,413,206
Management and general expenses: $1,592,364
Fundraising expenses: $936,217
Program service expenses (Part III): $48,786,828

Program services were 95.4% 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

$419,533
1b · Membership dues

$0
1c · Fundraising events

$38,261
1d · Related organizations

$0
1e · Government grants (contributions)

$13,516,661
1f · All other contributions, gifts and grants

$9,674,401
1g · Noncash contributions included above

$38,261
2a · Program service revenue: Membership Revenue

total $14,479,895 · related or exempt $14,479,895
2b · Program service revenue: Childcare Revenue -- Infant/Toddler/Preschool

total $8,479,820 · related or exempt $8,479,820
2c · Program service revenue: Childcare Revenue -- School Age

total $5,077,941 · related or exempt $5,077,941
2d · Program service revenue: Day Camp Revenue

total $3,241,879 · related or exempt $3,241,879
2e · Program service revenue: Resident Camp Revenue

total $0 · related or exempt $0
2f · All other program service revenue

total $4,555,913 · related or exempt $4,555,913 · unrelated business $0 · excluded $0
3 · Investment income

total $432,702 · excluded $432,702
4 · Income from investment of tax-exempt bond proceeds

total $0 · excluded $0
5 · Royalties

total $0 · excluded $0
6a · Gross rents

real property $1,018,958
6b · Less rental expenses

real property $553,653
6c · Rental income or loss

real property $465,305 · personal property $0
6d · Net rental income or loss

total $465,305 · excluded $465,305
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: gross income

$1,386,647
8a · Fundraising events: contributions included on line 1c

$38,261
8b · Fundraising events: direct expenses

$718,785
8c · Net income from fundraising events

total $667,862 · excluded $667,862
11a · Other revenue: Housing Management Fees

total $1,329,499 · related or exempt $1,329,499
11b · Other revenue: Housing Developer Fee

total $621,893 · excluded $621,893
11c · Other revenue: Resale Income

total $3,689 · excluded $3,689
11d · All other revenue

total $523,404 · related or exempt $523,404 · unrelated business $0 · excluded $0
11e · Other revenue, total

$2,478,485

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $4,505,272 · program services $4,505,272
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $1,155,570 · program services $1,086,768 · management and general $42,692 · fundraising $26,110
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $27,287,404 · program services $25,662,729 · management and general $1,008,110 · fundraising $616,565
8 · Pension plan contributions

total $995,362 · program services $904,486 · management and general $71,865 · fundraising $19,011
9 · Other employee benefits

total $2,297,341 · program services $2,103,730 · management and general $102,988 · fundraising $90,623
10 · Payroll taxes

total $2,171,908 · program services $2,059,157 · management and general $63,934 · fundraising $48,817
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $52,206 · program services $46,985 · management and general $5,221 · fundraising $0
11c · Fees: accounting

total $58,770 · program services $52,893 · management and general $5,877 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $2,208,802 · program services $2,127,661 · management and general $80,306 · fundraising $835
12 · Advertising and promotion

total $176,447 · program services $176,437 · management and general $0 · fundraising $10
13 · Office expenses

total $585,935 · program services $485,062 · management and general $67,306 · fundraising $33,567
14 · Information technology

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

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

total $4,058,573 · program services $4,058,573 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $153,259 · program services $145,172 · management and general $7,816 · fundraising $271
20 · Interest

total $1,014,029 · program services $1,013,293 · management and general $736 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $3,472,432 · program services $3,418,964 · management and general $53,468 · fundraising $0
23 · Insurance

total $830,398 · program services $812,806 · management and general $17,592
24a · Other expenses: Program

total $1,306,841 · program services $1,289,822 · management and general $17,002 · fundraising $17
24b · Other expenses: Bank and Other Fees

total $523,673 · program services $489,587 · management and general $9,867 · fundraising $24,219
24c · Other expenses: Dues and Certs

total $477,640 · program services $459,077 · management and general $18,563 · fundraising $0
24d · Other expenses: Transportation

total $306,659 · program services $305,488 · management and general $1,171 · fundraising $0
24e · All other expenses

total $1,303,266 · program services $1,209,244 · management and general $17,850 · fundraising $76,172
26 · Joint costs (an allocation of the lines above)

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 $16,098,564 · end of year $7,509,869
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $2,658,703 · end of year $1,977,698
4 · Accounts receivable

beginning of year $1,215,047 · end of year $2,245,742
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 $15,433,075 · end of year $17,809,074
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $602,638 · end of year $650,423
10a · Land, buildings and equipment: cost or other basis

$95,857,104
10b · Land, buildings and equipment: accumulated depreciation

$40,434,157
10c · Land, buildings and equipment, net

beginning of year $55,667,867 · end of year $55,422,947
11 · Investments: publicly traded securities

beginning of year $18,140,712 · end of year $30,316,324
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $10,107,987 · end of year $13,679,120
17 · Accounts payable and accrued expenses

beginning of year $3,575,032 · end of year $2,775,058
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $882,485 · end of year $1,050,733
20 · Tax-exempt bond liabilities

beginning of year $28,955,979 · end of year $28,106,943
21 · Escrow or custodial account liability

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 $7,805,907 · end of year $5,709,631
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $122,938 · end of year $3,802,936
27 · Net assets without donor restrictions

beginning of year $69,040,311 · end of year $75,330,956
28 · Net assets with donor restrictions

beginning of year $9,541,941 · end of year $12,834,940
29 · Capital stock, trust principal or current funds

beginning of year $0 · end of year $0
30 · Paid-in or capital surplus, or land, building or equipment fund

beginning of year $0 · end of year $0
31 · Retained earnings, endowment or other funds

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Our YMCA welcomes all. We strengthen communities, educate and nurture children, and promote healthy living in spirit, mind, and body. Our strategic goals include providing youth and teen skill development, reversing the obesity epidemic, improving health outcomes for all community members, decreasing social isolation, and supporting basic needs for those with financial difficulties. Our 1,500 member employee team and 300 member volunteer team are committed to serving all in our communities. This commitment can be seen in the high quality of service we provide and our strong financial assistance program, through which over $4,500,000 was distributed to over 9,000 children, adults and families who were unable to pay for Y membership and programs.

Activities or mission (Part I)

OUR YMCA WELCOMES ALL. WE STRENGTHEN COMMUNITIES, EDUCATE AND NURTURE CHILDREN, AND PROMOTE HEALTHY LIVING IN SPIRIT, MIND, AND BODY.

Youth Development - At the Y, we believe that all kids have amazing potential. Values and skills learned early are vital building blocks for life. Young people deserve an opportunity to discover who they are and what they can achieve. From the youngest in our child care programs to the teens in our leadership development initiatives, the Y gives kids and teens a safe place to belong, building confidence and learning positive behaviors grounded in our core values of caring, honesty, respect, and responsibility. Childcare - As the region's largest provider of high-quality affordable childcare, we support the healthy development of approximately 1,900 children each day. At our 40+ childcare centers, we focus on nurturing children by providing a safe and healthy place to learn foundational skills; develop healthy, trusting relationships; and build self-reliance through the Y values of caring, honesty, respect and responsibility. Our full-day and partial-day childcare programs for infants through middle school children enable parents and guardians to go to work knowing their children are in a safe, learning environment. The YMCA provided more than $1,397,000 in financial assistance and more than one in three children received subsidized childcare. Camp - Our Y provides day camp experiences that fill each summer day with friendships and memories that last a lifetime. Approximately 4,100 children enjoyed camp adventures, and the YMCA provided approximately $531,000 in financial assistance to one in four children attending camp. Approximately $410,000 of camp was provided at no cost to the more than 220 children that participated in our summer learning loss prevention program. Youth Services - Our Y program including our teen centers, youth sports, competitive swimming and gymnastics, adventure, and theater programming offer a range of experiences that enrich cognitive, social, physical and emotional growth. The Y served more than 7,000 children in our youth programs. Approximately $277,000 of financial assistance provided made participation possible for more than one in four of the young people we engage.

Expenses $28,255,140 · Grants $2,120,538 · Revenue $16,628,641
Healthy Living - At the Y, we believe that being healthy means more than simply being physically active. It is about maintaining a balanced spirit, mind and body. The Y is a leading voice on health and well-being issues, a leader in fighting chronic disease, and committed to empowering people to lead fuller lives. We bring families closer together, promote healthy living, and foster connections through fitness, sports, fun and shared interests. As a result, millions of youth, adults and families receive the support, guidance and resources they need to become and stay healthy. Membership and Fitness - The YMCA served over 45,000 members from in and around the North Shore region of Massachusetts and Southern New Hampshire. The YMCA provided more than $2,300,000 in financial assistance to those children, adults and families who were unable to pay for membership. More than $255,000 of memberships were provided at no cost to the approximately 1,000 individuals that participated in our Corner Stone program supporting cancer survivors and their families. Aquatics - Our Y is a leading voice in community water safety. We teach young children to swim, certify lifeguards to protect our region's beaches, and provide health and wellness programs to ensure adult well-being. Approximately 1,700 children participated in our swim lessons.

Expenses $19,007,627 · Grants $2,384,734 · Revenue $14,701,536
Social Responsibility - Social Responsibility - At the Y, we believe that when we work together, we move individuals, families and communities forward. Since 1858, our Y has responded to society's most pressing needs by developing innovative, community-based solutions and uniting people from all walks of life to participate in and work for positive social change. Whether advocating for healthy food options for underserved communities, or giving people an affordable place to live, the Y is committed to empowering people with the resources and support needed to live healthy, connected and secure lives. Residence - Our Y provides affordable housing facilities in Beverly, Ipswich, Cape Ann, and Haverhill. Approximately 500 children and adults are provided a safe, affordable and clean space to call home.

Expenses $1,524,061 · Revenue $1,923,446

As filed on the 2022 return.

Listed in Part VII

Andrew Meyers

Board Member

Total calculated

$0

Hours/week

2
Brandon Ruggieri

1st Vice Chair

Total calculated

$0

Hours/week

2
Courtney Kagan

Secretary / Clerk

Total calculated

$0

Hours/week

2
Jennifer Buras

Board Chair

Total calculated

$0

Hours/week

2
Mike Wheeler

Treasurer

Total calculated

$0

Hours/week

2
Robert Eastman

Assistant Treasurer

Total calculated

$0

Hours/week

2
Betsy Shields

Board Member

Total calculated

$0

Hours/week

2
Bob Scott

Trustee Member

Total calculated

$0

Hours/week

2
Braden Monaco

Board Member

Total calculated

$0

Hours/week

2
Brendan Nolan

Board Member

Total calculated

$0

Hours/week

2
Brian Hines

Board Member

Total calculated

$0

Hours/week

2
Caleb Loring III

Trustee Member

Total calculated

$0

Hours/week

2
Chip McConnell

Trustee Member

Total calculated

$0

Hours/week

2
Christopher Hemsey

Board Member

Total calculated

$0

Hours/week

2
David McKechnie

Board Member

Total calculated

$0

Hours/week

2
Diane Connolly

Board Member

Total calculated

$0

Hours/week

2
Erica Puccetti-Townsend

Board Member

Total calculated

$0

Hours/week

2
Glen Macleod

Trustee Member

Total calculated

$0

Hours/week

2
Greg Chin

Board Member

Total calculated

$0

Hours/week

2
Heaton Robertson

Trustee Member

Total calculated

$0

Hours/week

2
Jeanne Lambkin

Board Member

Total calculated

$0

Hours/week

2
Jeff Loeb

Board Member

Total calculated

$0

Hours/week

2
Jenn Mayo

Trustee Member

Total calculated

$0

Hours/week

2
Joan Fredericks

Board Member

Total calculated

$0

Hours/week

2
Judy Gimik

Board Member

Total calculated

$0

Hours/week

2
Karen Abbott

Board Member

Total calculated

$0

Hours/week

2
Katrina Sanders

Board Member

Total calculated

$0

Hours/week

2
Mary Higgins

Board Member

Total calculated

$0

Hours/week

2
Maureen Trefry

Trustee Member

Total calculated

$0

Hours/week

2
Nancy Warner

Board Member

Total calculated

$0

Hours/week

2
Paul Sacksman

Board Member

Total calculated

$0

Hours/week

2
Philip Higgins

Board Member

Total calculated

$0

Hours/week

2
Richard Carlson

Trustee Member

Total calculated

$0

Hours/week

2
Sheila Burke

2nd Vice Chair

Total calculated

$0

Hours/week

2
Stephen Barrand

Board Member

Total calculated

$0

Hours/week

2
Steven Kapfhammer

Board Member

Total calculated

$0

Hours/week

2
Terry Beaton

Board Member

Total calculated

$0

Hours/week

2
William Leaver

Past Chair

Total calculated

$0

Hours/week

2
Christopher Lovasco

CEO

Total calculated

$453,166

From this org

$408,878

From related orgs

$0

Other

$44,288

Hours/week

40

Schedule J breakdown matched by us

Base

$354,822

Bonus

$49,500

Other

$4,556

Deferred

$24,400

Nontaxable benefits

$19,888

Filer's total

$453,166
Kevin McCarthy

CFO

Total calculated

$289,882

From this org

$249,128

From related orgs

$0

Other

$40,754

Hours/week

40

Schedule J breakdown matched by us

Base

$223,491

Bonus

$25,000

Other

$637

Deferred

$20,866

Nontaxable benefits

$19,888

Filer's total

$289,882
Gerald MacKillop

COO

Total calculated

$226,624

From this org

$209,837

From related orgs

$0

Other

$16,787

Hours/week

40

Schedule J breakdown matched by us

Base

$191,154

Bonus

$17,500

Other

$1,183

Deferred

$16,787

Nontaxable benefits

$0

Filer's total

$226,624
Marjorie Cregg

Chief Advancement Officer

Total calculated

$185,899

From this org

$172,129

From related orgs

$0

Other

$13,770

Hours/week

40

Schedule J breakdown matched by us

Base

$163,418

Bonus

$5,000

Other

$3,711

Deferred

$13,770

Nontaxable benefits

$0

Filer's total

$185,899
Charity Lezama

Executive Director

Total calculated

$149,191

From this org

$138,140

From related orgs

$0

Other

$11,051

Hours/week

40
Christopher Bevilacqua

Executive Director

Total calculated

$148,711

From this org

$137,695

From related orgs

$0

Other

$11,016

Hours/week

40
Cynthia Marchand

Director of Education

Total calculated

$164,219

From this org

$140,914

From related orgs

$0

Other

$23,305

Hours/week

40

Schedule J breakdown matched by us

Base

$122,082

Bonus

$17,000

Other

$1,832

Deferred

$11,482

Nontaxable benefits

$11,823

Filer's total

$164,219
Timothy Flaherty

Executive Director

Total calculated

$155,802

From this org

$144,261

From related orgs

$0

Other

$11,541

Hours/week

40

Schedule J breakdown matched by us

Base

$130,384

Bonus

$12,000

Other

$1,877

Deferred

$11,541

Nontaxable benefits

$0

Filer's total

$155,802
Tracy Fuller-Soucy

Executive Director

Total calculated

$156,827

From this org

$145,210

From related orgs

$0

Other

$11,617

Hours/week

40

Schedule J breakdown matched by us

Base

$133,927

Bonus

$10,000

Other

$1,283

Deferred

$11,617

Nontaxable benefits

$0

Filer's total

$156,827

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

1a · Discretionary spending account
1b · Written policy on the line-1a expenses
3 · Compensation committee
3 · Compensation survey or study
3 · Approval by the board or compensation committee
7 · Other non-fixed payments

Answered no

2 · Substantiation required before reimbursing expenses
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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Discretionary spending account: The Chief Executive Officer has an unaccountable spending plan tied to necessary anticipated expenditures at events and other activities as it relates to the performance of assigned duties.
Schedule J, Part I, Line 7 Non-fixed payments: BONUS PAYMENTS ARE PERFORMANCE BASED AND AT THE DISCRETION OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND MANAGEMENT.

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.

YNS AFFORDABLE HOUSING INC

501(c)(4) · LOW INCOME HOUSING · MA · controlled entity

Directly controlled by YMCA OF THE NORTH SHORE INC
FULLER SCHOOLHOUSE ROAD INC

501(c)(3) · TO ACQUIRE, DEVELOP AND LEASE THE CAPE ANN YMCA · MA · controlled entity

Directly controlled by YMCA OF THE NORTH SHORE INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

WADLEIGH HOUSE LLC

LOW INCOME HOUSING · MA · income $197,410 · assets $2,563,329

Directly controlled by YMCA OF THE NORTH SHORE INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

WINTER STREET HOUSING LP

Related · LOW INCOME HOUSING · MA · 0.01% owned · share of income -$30 · share of assets -$396

Directly controlled by NA
POWDER HOUSE VILLAGE LP

Related · LOW INCOME HOUSING · MA · 0% owned · share of income -$99 · share of assets -$4,715

Directly controlled by NA
HOLCROFT PARK HOMES ONE LP

Related · LOW INCOME HOUSING · MA · 0% owned · share of income -$1,165 · share of assets $6,958

Directly controlled by NA
HOLCROFT PARK HOMES TWO LP

Related · LOW INCOME HOUSING · MA · 0% owned · share of income -$1,293 · share of assets $14,913

Directly controlled by NA
CABOT STREET HOMES LP

Related · LOW INCOME HOUSING · MA · 0% owned · share of income -$631 · share of assets -$8,006

Directly controlled by NA
HOLCROFT PHASE 2 GP LLC

Related · LOW INCOME HOUSING · MA · 0.51% owned · share of income -$765 · share of assets $20,370

Directly controlled by NA
CABOT HOUSING LLC

Related · Low Income Housing · MA · 0.55% owned · share of income $375,276 · share of assets $9,373,349

Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

HOLCROFT PARK HOMES ONE GP INC

C Corporation · PROVISION OF LOW INCOME HOUSING · MA · 49% owned · share of income -$713 · share of assets -$8,059

Directly controlled by NA
WINTER STREET HOUSING CORPORATION

C Corporation · PRIOVISION OF LOW INCOME HOUSING · MA · 100% owned · share of income -$1,488 · share of assets -$18,241

Directly controlled by NA
POWDER HOUSE VILLAGE GP INC

C Corporation · PROVISION OF LOW INCOME HOUSING · MA · 100% owned · share of income -$1,611 · share of assets -$18,532

Directly controlled by NA
CABOT STREET HOMES GP INC

C Corporation · PROVISION OF LOW INCOME HOUSING · MA · 30% owned · share of income -$443 · share of assets -$34,411

Directly controlled by NA
ANNIE F OBER PERPETUAL TRUST

Trust · BENEFICIAL INTEREST IN PERPETUAL TRUST · MA · 50% owned · share of assets $227,516
DEBORAH THOMAS PERPETUAL TRUST

Trust · BENEFICIAL INTEREST IN PERPETUAL TRUST · MA · 67% owned · share of assets $124,863
COOLIDGE CHARITABLE REMAINDER UNITRUST

Trust · BENEFICIARY OF THE CHARITABLE REMAINDER UNITRUST · MA · share of income -$324,125 · share of assets $1,603,546
CABOT HOUSING MM LLC

C Corporation · PROVISION OF LOW INCOME HOUSING · MA · 55% owned · share of income -$855 · share of assets -$1,933

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2022
Filed: 12 May 2023
IRS schema version: 2022v5.0
Source object: 202341329349305764

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