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Nonprofiteer
← YOUNG MENS CHRISTIAN ASSOCIATION RETIREMENT FUND

Form 990 for tax year 2022

Filed by YOUNG MENS CHRISTIAN ASSOCIATION RETIREMENT FUND.

Totals

Total revenue
$523,401,858
Total expenses
$162,089,830
Contributions and grants received
$267,007
Grants paid
$247,197
Program services expenses (Part IX)
$145,742,778
Management and general expenses
$16,347,052
Fundraising expenses
$0
Program service expenses (Part III)
$145,759,581

Program services were 89.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PATRICIA HAVERLAND

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • WILLIAM D RUECKERT

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • BRIAN T PEDERSON

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTINE C MARCKS

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • CHRISTOPHER O BLUNT

    TRUSTEE VOLUNTEER AS OF 12/2022

    Total calculated
    $0
    Hours/week
    2

  • DAVID M MARTIN

    TRUSTEE VOLUNTEER UNTIL 12/22

    Total calculated
    $0
    Hours/week
    2

  • JOSEPH R WEIST

    TRUSTEE VOLUNTEER

    Total calculated
    $215,370
    From this org
    $0
    From related orgs
    $184,568
    Other
    $30,802
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $184,568 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $24,656 related
    Nontaxable benefits
    $0 + $6,146 related
    Filer's total
    $0 + $215,370 related

  • JURIJ Z KUSHNER

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • LAUREN A KOONTZ

    TRUSTEE VOLUNTEER AS OF 5/2023

    Total calculated
    $464,829
    From this org
    $0
    From related orgs
    $426,460
    Other
    $38,369
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $425,460 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $13,969 related
    Filer's total
    $0 + $464,829 related

  • MARK BAUMGARTNER

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • SANDRA J MORANDER

    TRUSTEE VOLUNTEER UNTIL 12/22

    Total calculated
    $393,222
    From this org
    $0
    From related orgs
    $344,031
    Other
    $49,191
    Hours/week
    2 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $284,031 related
    Bonus
    $0 + $60,000 related
    Other
    $0
    Deferred
    $0 + $36,222 related
    Nontaxable benefits
    $0 + $12,969 related
    Filer's total
    $0 + $393,222 related

  • SCOTT C EVANS

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN IVES

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • W KELVIN WALKER

    TRUSTEE VOLUNTEER

    Total calculated
    $0
    Hours/week
    2

  • DERRICK STEWART

    EXECUTIVE VICE PRESIDENT & CHIEF OPERATING OFFICER

    Total calculated
    $595,271
    From this org
    $500,542
    From related orgs
    $0
    Other
    $94,729
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $350,053
    Bonus
    $150,000
    Other
    $489
    Deferred
    $57,100
    Nontaxable benefits
    $37,629
    Filer's total
    $595,271

  • GERARD RESCIGNO

    CHIEF INFORMATION OFFICER

    Total calculated
    $717,980
    From this org
    $630,135
    From related orgs
    $0
    Other
    $87,845
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $463,218
    Bonus
    $164,871
    Other
    $2,046
    Deferred
    $57,100
    Nontaxable benefits
    $30,745
    Filer's total
    $717,980

  • GORDON BAILEY

    CHIEF ADMINISTRATIVE OFFICER AS OF 3/2023

    Total calculated
    $0
    Hours/week
    13

  • HUNTER REISNER

    CHIEF INVESTMENT OFFICER

    Total calculated
    $1,588,467
    From this org
    $1,495,367
    From related orgs
    $0
    Other
    $93,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $716,470
    Bonus
    $773,350
    Other
    $5,547
    Deferred
    $57,100
    Nontaxable benefits
    $36,000
    Filer's total
    $1,588,467

  • JAMES G KIRSCHNER

    CHIEF STRATEGY OFFICER

    Total calculated
    $638,283
    From this org
    $547,042
    From related orgs
    $0
    Other
    $91,241
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $359,572
    Bonus
    $182,910
    Other
    $4,560
    Deferred
    $57,100
    Nontaxable benefits
    $34,141
    Filer's total
    $638,283

  • JOHN QUINONES

    GENERAL COUNSEL

    Total calculated
    $747,903
    From this org
    $646,448
    From related orgs
    $0
    Other
    $101,455
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $495,483
    Bonus
    $148,740
    Other
    $2,225
    Deferred
    $57,100
    Nontaxable benefits
    $44,355
    Filer's total
    $747,903

  • MICHAEL CEFOLE

    PRESIDENT AND CHIEF EXECUTIVE OFFICER AS OF 12/2022

    Total calculated
    $873,021
    From this org
    $815,861
    From related orgs
    $0
    Other
    $57,160
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $563,852
    Bonus
    $250,000
    Other
    $2,009
    Deferred
    $54,871
    Nontaxable benefits
    $2,289
    Filer's total
    $873,021

  • ELIZABETH DELGADO

    VICE PRESIDENT - HUMAN RESOURCES

    Total calculated
    $422,972
    From this org
    $347,475
    From related orgs
    $0
    Other
    $75,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,121
    Bonus
    $71,748
    Other
    $606
    Deferred
    $41,421
    Nontaxable benefits
    $34,076
    Filer's total
    $422,972

  • ELIZABETH KURILLA

    VICE PRESIDENT - INTERNAL AUDIT

    Total calculated
    $386,078
    From this org
    $296,395
    From related orgs
    $0
    Other
    $89,683
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,967
    Bonus
    $39,312
    Other
    $1,116
    Deferred
    $36,786
    Nontaxable benefits
    $52,897
    Filer's total
    $386,078

  • KERRI HAYES

    ASSISTANT GENERAL COUNSEL

    Total calculated
    $476,367
    From this org
    $375,949
    From related orgs
    $0
    Other
    $100,418
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,283
    Bonus
    $77,364
    Other
    $302
    Deferred
    $45,776
    Nontaxable benefits
    $54,642
    Filer's total
    $476,367

  • LISA WORTHY

    SENIOR VICE PRESIDENT - FINANCE

    Total calculated
    $450,188
    From this org
    $354,856
    From related orgs
    $0
    Other
    $95,332
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $302,161
    Bonus
    $51,386
    Other
    $1,309
    Deferred
    $42,861
    Nontaxable benefits
    $52,471
    Filer's total
    $450,188

  • MARCELA DEITRICH

    SENIOR VICE PRESIDENT - CUSTOMER SERVICE & OPERATIONS

    Total calculated
    $453,410
    From this org
    $392,619
    From related orgs
    $0
    Other
    $60,791
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,232
    Bonus
    $62,904
    Other
    $483
    Deferred
    $46,152
    Nontaxable benefits
    $14,639
    Filer's total
    $453,410

  • MARK SINNI

    DEPUTY CHIEF INVESTMENT OFFICER

    Total calculated
    $1,105,328
    From this org
    $1,025,605
    From related orgs
    $0
    Other
    $79,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $584,829
    Bonus
    $440,309
    Other
    $467
    Deferred
    $57,100
    Nontaxable benefits
    $22,623
    Filer's total
    $1,105,328

  • MATTHEW BLANCHETTE

    VICE PRESIDENT - ACTUARY

    Total calculated
    $325,196
    From this org
    $287,433
    From related orgs
    $0
    Other
    $37,763
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,429
    Bonus
    $40,783
    Other
    $221
    Deferred
    $0
    Nontaxable benefits
    $37,763
    Filer's total
    $325,196

  • PATRICK LACHANSKI

    SENIOR VICE PRESIDENT - HEAD OF FINANCE

    Total calculated
    $401,163
    From this org
    $362,837
    From related orgs
    $0
    Other
    $38,326
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,422
    Bonus
    $81,130
    Other
    $285
    Deferred
    $0
    Nontaxable benefits
    $38,326
    Filer's total
    $401,163

  • SULEYMAN GOKCAN

    SENIOR MANAGING DIRECTOR OF RISK

    Total calculated
    $932,655
    From this org
    $833,821
    From related orgs
    $0
    Other
    $98,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $570,585
    Bonus
    $260,980
    Other
    $2,256
    Deferred
    $57,100
    Nontaxable benefits
    $41,734
    Filer's total
    $932,655

  • ERIK MOSS

    INVESTMENT DIRECTOR

    Total calculated
    $488,481
    From this org
    $436,749
    From related orgs
    $0
    Other
    $51,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,543
    Bonus
    $120,046
    Other
    $160
    Deferred
    $36,600
    Nontaxable benefits
    $15,132
    Filer's total
    $488,481

  • ERIK STROBEL

    INVESTMENT DIRECTOR

    Total calculated
    $543,194
    From this org
    $490,585
    From related orgs
    $0
    Other
    $52,609
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $356,788
    Bonus
    $133,633
    Other
    $164
    Deferred
    $36,600
    Nontaxable benefits
    $16,009
    Filer's total
    $543,194

  • IVAN MANOLOV

    SENIOR PORTFOLIO MANAGER

    Total calculated
    $811,212
    From this org
    $771,485
    From related orgs
    $0
    Other
    $39,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $450,061
    Bonus
    $321,079
    Other
    $345
    Deferred
    $36,600
    Nontaxable benefits
    $3,127
    Filer's total
    $811,212

  • JOHN MAIMONE MEDWICK

    INVESTMENT DIRECTOR

    Total calculated
    $609,194
    From this org
    $558,555
    From related orgs
    $0
    Other
    $50,639
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $329,919
    Bonus
    $228,466
    Other
    $170
    Deferred
    $36,600
    Nontaxable benefits
    $14,039
    Filer's total
    $609,194

  • NICHOLAS PON

    INVESTMENT DIRECTOR

    Total calculated
    $394,635
    From this org
    $344,708
    From related orgs
    $0
    Other
    $49,927
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,078
    Bonus
    $83,477
    Other
    $153
    Deferred
    $36,600
    Nontaxable benefits
    $13,327
    Filer's total
    $394,635

  • DENISE DAY

    BOARD OFFICER UNTIL 5/22

    Total calculated
    $449,101
    From this org
    $0
    From related orgs
    $402,296
    Other
    $46,805
    Hours/week
    0 + 50 related

    Schedule J breakdown matched by us

    Base
    $0 + $389,096 related
    Bonus
    $0
    Other
    $0 + $13,200 related
    Deferred
    $0 + $36,600 related
    Nontaxable benefits
    $0 + $10,205 related
    Filer's total
    $0 + $449,101 related

  • SCOTT DOLFI

    PRESIDENT AND CHIEF EXECUTIVE OFFICER UNTIL 6/2022

    Total calculated
    $1,585,699
    From this org
    $1,527,289
    From related orgs
    $0
    Other
    $58,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $690,313
    Bonus
    $835,194
    Other
    $1,782
    Deferred
    $57,100
    Nontaxable benefits
    $1,310
    Filer's total
    $1,585,699

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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 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 Health or social club dues or initiation fees
HUNTER REISNER RECEIVES A TAXABLE FRINGE BENEFIT RELATED TO CLUB MEMBERSHIP DUES AND IS REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III).
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE FOLLOWING INDIVIDUALS ARE PARTICIPANTS IN THE SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN: REISNER, HUNTER $20,500; DOLFI, SCOTT $20,500; CEFOLE, MICHAEL $41,000; DERRICK STEWART $20,500 RESIGNO, GERARD $20,500; KIRSCHNER, JAMES $20,500; QUINONES, JOHN $20,500; GOKCAN,SULEYMAN $20,500; SINNI, MARK $20,500; DIETRICH, MARCELA $9,552; WORTHY, LISA $6,261; DELGADO, ELIZABETH $4,821; KURILLA, ELIZABETH $186; HAYES, KERRI $9,176. Employer contributions are reported on Schedule J in column C and are taxable in the year of distribution to the individuals and are reported in Schedule J, Part II, Column (B)(iii).
Schedule J, Part I, Line 7 Non-fixed payments
THE YMCA RETIREMENT FUND ("FUND") PAYS BONUSES TO PERSONNEL INVOLVED IN THE FUND'S INVESTMENT ACTIVITIES. THESE BONUSES ARE PRIMARILY BASED UPON ACTUAL INVESTMENT RETURNS IN EXCESS OF BENCHMARK (INDEX) RETURNS. THERE IS A SUBJECTIVE COMPONENT THAT RANGES BETWEEN 25% - 50% OF THE TOTAL BONUS THAT IS BASED UPON VARIOUS QUALITATIVE FACTORS. EACH INDIVIDUAL HAS A PRE-DETERMINED CAP ON THE BONUS BASED UPON SALARY. THIS PRACTICE IS NORMAL AND CUSTOMARY FOR INVESTMENT PROFESSIONALS. THE FUND ALSO PAYS BONUSES TO OFFICERS AND KEY PERSONNEL BASED UPON MERIT RATINGS AND THREE YEAR INVESTMENT RETURNS. THE METHODOLOGY FOR CALCULATING BONUS PAYMENTS WAS DEVELOPED BY OUR INDEPENDENT COMPENSATION CONSULTANT, REVIEWED BY THE COMPENSATION COMMITTEE AND APPROVED BY THE BOARD OF TRUSTEES. THESE PAYMENTS ARE MADE ANNUALLY, INCLUDED IN THE COMPARABILITY ANALYSIS PERFORMED BY OUR INDEPENDENT COMPENSATION CONSULTANTS, REVIEWED BY THE COMPENSATION COMMITTEE, APPROVED BY THE BOARD OF TRUSTEES, AND DOCUMENTED IN THE MINUTES OF THESE MEETINGS. THE FUND'S COMPLETE COMPENSATION POLICY IS LOCATED ON SCHEDULE O.

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

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202303189349310585

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