Form 990 for tax year 2024

Filed by MCSY QALICB YMCA.

Totals

Total revenue: $109,368
Total expenses: $494,932
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $0
Other revenue: $109,368
Total assets, end of year: $10,934,169
Total liabilities, end of year: $11,911,044
Net assets or fund balances, end of year: -$976,875
Program services expenses (Part IX): $494,932
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $494,932

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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $109,368
6b · Less rental expenses

real property $0
6c · Rental income or loss

real property $109,368 · personal property $0
6d · Net rental income or loss

total $109,368 · related or exempt $109,368
7c · Gain or loss

securities $0 · other assets $0
8c · Net income from fundraising events

total $0
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.

3 · Grants to foreign organizations and individuals

total $0 · program services $0
11g · Fees: other

total $12,500 · program services $12,500 · management and general $0 · fundraising $0
20 · Interest

total $124,496 · program services $124,496
21 · Payments to affiliates

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

total $342,530 · program services $342,530
23 · Insurance

total $1,441 · program services $1,441
24a · Other expenses: AMORTIZATION OF LOAN FEES

total $13,965 · program services $13,965
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 $204,124 · end of year $176,404
3 · Pledges and grants receivable

beginning of year $0
4 · Accounts receivable

beginning of year $1,918 · end of year $578
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 $128 · end of year $120
10a · Land, buildings and equipment: cost or other basis

$12,093,732
10b · Land, buildings and equipment: accumulated depreciation

$1,336,665
10c · Land, buildings and equipment, net

beginning of year $11,099,597 · end of year $10,757,067
12 · Investments: other securities

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

beginning of year $0
15 · Other assets

beginning of year $0 · end 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 $11,897,078 · end of year $11,911,044
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 -$591,311 · end of year -$976,875
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0
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 · 2024

Mission

THE PURPOSE OF THE ORGANIZATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, THE SOUTH SOUND YOUNG MEN'S CHRISTIAN ASSOCIATION, A WASHINGTON NONPROFIT PUBLIC BENEFIT CORPORATION.

Activities or mission (Part I)

THE PURPOSE OF THE CORPORATION IS TO EXCLUSIVELY SUPPORT AND BENEFIT, FINANCIALLY AND/OR OPERATIONALLY, THE SOUTH SOUND YOUNG MEN'S CHRISTIAN ASSOCIATION, A WASHINGTON NONPROFIT PUBLIC BENEFIT CORPORATION.

ORGANIZATION CONSTRUCTED A NEW YMCA COMMUNITY CENTER, WITH NEW MARKETS TAX CREDIT FINANCING, THAT IS LEASED TO THE SOUTH SOUND YOUNG MEN'S CHRISTIAN ASSOCIATION. THE CORPORATION IS INTENDED TO BE ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF THE SOUTH SOUND YOUNG MEN'S CHRISTIAN ASSOCIATION.

Expenses $494,932 · Revenue $109,368

As filed on the 2024 return.

Listed in Part VII

John Parry

Director/Treasurer

Total calculated

$0

Hours/week

1
Kyle Cronk

Director/President

Total calculated

$292,727

From this org

$0

From related orgs

$249,771

Other

$42,956

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $249,771 related

Bonus

$0

Other

$0

Deferred

$0 + $17,579 related

Nontaxable benefits

$0 + $25,377 related

Filer's total

$0 + $292,727 related
Terry Wilson

Director/Vice President

Total calculated

$0

Hours/week

1
Victoria Byerly

Director/Secretary

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

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.

South Sound Young Men's Christian Association

501(c)(3) · YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY · WA

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2024
Filed: 11 June 2025
IRS schema version: 2024v5.1
Source object: 202501629349300130

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