YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC

EIN: 050594761 501(c)(3) Recreation & Sports

BOCA RATON, FL

Total Revenue
$3,415,950
Total Expenses
$55,290
Total Assets
$8,602,884
Net Assets
$8,567,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
FL
Phone
5613959622
Tax Period
2024-01-01 to 2024-12-31

YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY INC, founded in 2004, is a community nonprofit in the Recreation & Sports sector that reported $3.4M in total revenue in fiscal year 2024. Revenue surged 951% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 98% operating margin.

Mission

THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE. EARNINGS FROM THE FUND SUPPORT EXISTING PROGRAM AREAS, PROVIDE FLEXIBILITY IN DEVELOPING PROGRAMS TO RESPOND TO CHANGING COMMUNITY NEEDS FUND IMPROVEMENTS TO KEEP BUILDINGS UP TO CODE, SAFE AND WELCOMING; AND PROVIDE A SAFETY NET IN TIMES OF CRISIS OR ECONOMIC UNCERTAINTY. AS THE NATION'S LEADING NONPROFIT FOR YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY THE Y MUST ENSURE IT CAN CONTINUE TO MAKE MEANINGFUL AND ENDURING COMMUNITY IMPACT NOW AND INTO THE FUTURE. RAPID CHANGES TO A LOCAL ECONOMY MAKE IT EVEN MORE IMPORTANT TO PLAN FOR THE FUTURE STABILITY OF THE Y. LONG-TERM FINANCIAL PLANNING IS A STEWARDSHIP OBLIGATION OF THE LEADERS WHO WERE ELECTED OR HIRED TO MAKE THEIR Y STRONGER DURING THEIR TERM OF INVOLVEMENT.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,121,219
Program Service Revenue $0
Investment Income $294,731
Other Revenue $0
TOTAL REVENUE $3,415,950

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $55,290
TOTAL EXPENSES $55,290

Year-over-Year Comparison

2024 2023 Change
Revenue $3,415,950 $325,108 +9.5%
Expenses $55,290 $99,906 -0.4%
Net Income $3,360,660 $225,202 +13.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$765,171
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER B WARREN TREASURER 1.0
Officer Director
$0 $0 $0
JACKIE REEVES CHAIR 1.0
Officer Director
$0 $0 $0
ROBERT ROBES PAST CHAIR 1.0
Officer Director
$0 $0 $0
SUSAN HARRIS SECRETARY 1.0
Officer Director
$0 $0 $0
TIMOTHY DEVLIN VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
JACK WARNER BOARD MEMBER 1.0
Director
$0 $0 $0
KENNETH KALEEL BOARD MEMBER 1.0
Director
$0 $0 $0
RANDY NOBLES BOARD MEMBER 1.0
Director
$0 $0 $0
BONNIE J SNOW CFO (AS OF 02/2024) 1.0
Officer
$0 $5,463 $122,909
GARY FLAKS VICE PRESIDENT 1.0
Officer
$0 $46,031 $307,738
JASON HAGENSICK PRESIDENT/CEO 1.0
Officer
$0 $35,842 $334,524
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,415,950 $55,290 $8,602,884 $3,360,660
2023 $325,108 $99,906 $5,024,960 $225,202
2022 $126,881 $25,982 $4,437,083 $100,899
2021 $38,686 $13,953 $4,543,710 $24,733
2020 $19,538 $13,529 $1,077,025 $6,009
2019 $21,492 $10,999 $948,325 $10,493
2018 $36,583 $9,782 $795,230 $26,801
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