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Nonprofiteer
← Greater Burlington YMCA Foundation Inc (6663-SO1)

Form 990 for tax year 2025

Filed by Greater Burlington YMCA Foundation Inc (6663-SO1).

Totals

Total revenue
$304,645
Total expenses
$916,679
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$27,645
Other revenue
$277,000
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$848,469
Management and general expenses
$64,882
Fundraising expenses
$3,328
Program service expenses (Part III)
$848,469

Program services were 92.6% 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.

  • 3 · Investment income

    total $27,645 · excluded $27,645

  • 6a · Gross rents

    real property $277,000

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $277,000

  • 6d · Net rental income or loss

    total $277,000 · related or exempt $277,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,698 · program services $1,573 · management and general $119 · fundraising $6

  • 11g · Fees: other

    total $112,406 · program services $104,042 · management and general $7,956 · fundraising $408

  • 20 · Interest

    total $225,837 · program services $209,031 · management and general $15,985 · fundraising $821

  • 22 · Depreciation, depletion and amortization

    total $576,738 · program services $533,823 · management and general $40,822 · fundraising $2,093

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $419,684 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $253,651 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $22,470,026 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $23,902,950

  • 25 · Other liabilities

    beginning of year $2,609,071 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$3,368,660 · end of year $0

Mission and programs · 2025

Mission

THE MISSION OF THE ORGANIZATION IS TO SUPPORT THE GREATER BURLINGTON YMCA IN ALL WAYS POSSIBLE. THIS INCLUDES THE PURCHASE OF PROPERTY AND LEASE OF THAT PROPERTY TO THE GREATER BURLINGTON YMCA.

Activities or mission (Part I)

SUPPORT THE GREATER BURLINGTON YMCA INCLUDING LEASING OF PROPERTY TO THE GBYMCA.

  • THE GREATER BURLINGTON YMCA FOUNDATION (GBYMCAF) IS A SUPPORTING ORGANIZATION OF THE GREATER BURLINGTON YMCA (GBYMCA) WHOSE MISSION IS TO "BUILD A STRONG COMMUNITY BY INVOLVING YOUTHS, ADULTS, AND FAMILIES IN PROGRAMS AND ACTIVITIES THAT DEVELOP SPIRIT, MIND, AND BODY." GBYMCAF RECEIVED A TRANSFER OF REAL PROPERTY FROM THE GBYMCA IN 2015 AND SECURED 'NEW MARKETS TAX CREDIT' FINANCING IN DECEMBER 2018 FOR CONSTRUCTION OF A NEW FACILITY AT 298 COLLEGE STREET. CONSTRUCTION BEGAN IN OCTOBER 2018 AND WAS COMPLETED ON JANUARY 2, 2020. ON DECEMBER 9, 2025 THE FOUNDATION DISSOLVED AND ITS ASSETS WERE TRANSFERRED TO GBYMCA.

    Expenses $848,469 · Revenue $277,000

As filed on the 2025 return.

Listed in Part VII

  • DANIEL SMITH

    PRESIDENT

    Total calculated
    $226,496
    From this org
    $0
    From related orgs
    $191,964
    Other
    $34,532
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,964 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,532 related
    Filer's total
    $0 + $226,496 related

  • RENEE BOURGET-PLACE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PHIL DANIELS

    DIRECTOR

    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, 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)

PART I, LINE 3
TOP MANAGEMENT OFFICIAL IS COMPENSATED BY A RELATED ORGANIZATION DETERMINED AS FOLLOWS: Y-USA RELEASES GUIDELINES EACH YEAR WHICH LIST A SALARY RANGE SUGGESTION FOR TOP MANAGEMENT OFFICIALS BASED ON ORGANIZATION SIZE AND OTHER RELATED FACTORS. ADDITIONALLY, A COMPENSATION STUDY USING THE HAY SCALE WAS CONDUCTED FOR THE ROLE AND THE RANGE WAS VERIFIED IN AGREEMENT WITH THE Y-USA SALARY RANGE SUGGESTIONS. THE EXECUTIVE COMMITTEE AND BOARD REVIEWS THE STRATEGIC PLAN, ORGANIZATION ASSESSMENT AND NEEDS OF THE ORGANIZATION TO SET GOALS FOR THE TOP MANAGEMENT OFFICIAL AND DETERMINE AN ANNUAL SALARY WITHIN THE RANGE PROVIDED, BASED ON GOALS AND PERFORMANCE.

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2025
Filed
27 May 2026
IRS schema version
2025v4.1
Source object
202601549349300210

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