YOUNG MENS CHRISTIAN ASSOCIATION OF PRINCETON

EIN: 210639890 501(c)(3)

Princeton, NJ

Total Revenue
$2,248,565
Total Expenses
$1,622,241
Total Assets
N/A
Net Assets
N/A
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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
NJ
Phone
6094979622
Tax Period
2021-09-01 to 2022-03-04

YOUNG MENS CHRISTIAN ASSOCIATION OF PRINCETON, founded in 1958, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2021. The organization ran a surplus of $626K, a strong 28% operating margin.

Mission

The Y.M.C.A. of Princeton (Princeton Family YMCA) is a charitable, not-for-profit community organization dedicated to enriching the spirit, mind and body and improving the quality of life. We create and deliver values-based programs that draw their inspiration from our Judeo-Christian heritage. We welcome and serve people of all ages, races and creeds, with an emphasis on families and youth.

Program Service Accomplishments

Program 1
Expenses: $686,262 Revenue: $659,027

Quality School Age Childcare for Working Families: When schools are in session, families entrust the care of their children in grades K to 5 in the Princeton and Montgomery Township school districts...

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Quality School Age Childcare for Working Families: When schools are in session, families entrust the care of their children in grades K to 5 in the Princeton and Montgomery Township school districts in our School Age Child Care programs including MASH (My After School Home) and PYA (Princeton Young Achievers). Our state-licensed program emphasizes the YMCA core values of caring, honesty, respect and responsibility. The Y also offers the Y Zone program as an affordable option for quality care for children during out-of-school time and holidays. Y school-age childcare programs have a demonstrated track record of ensuring best practices, accreditations and certifications, quality staff management and recruitment, and enriching program content. Nationally, the YMCA is the largest not-for-profit child care provider in the country. We know firsthand how difficult it can be to find balance in one's family life, and this was never more apparent than during the pandemic. That's why the Y is for working families every day, making sure that they and the larger community have the resources and support needed to learn, grow and thrive. During the pandemic, the Princeton Family YMCA was the only organization in the community to provide remote learning support for economically-disadvantaged children whose families could not work from home when classrooms were closed due to the COVID 19 pandemic.

Program 2
Expenses: $514,337 Revenue: $493,925

For Healthy Living: We're passionate about improving our community's health and wellbeing. We also know that stopping disease from starting is far more powerful than fighting it once it arrives. The...

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For Healthy Living: We're passionate about improving our community's health and wellbeing. We also know that stopping disease from starting is far more powerful than fighting it once it arrives. The Y provides resources and space along with support and guidance to help maintain or improve physical fitness; address individual health issues such as obesity or diabetes management; and achieve true balance in spirit, mind and body. Since re-opening the facility in September 2020 and rebuilding from the pandemic, our members have resumed exercise and fitness routines to enhance their physical and mental health, which includes use of the swimming pool and the wellness center. Since the start of COVID, it has become even more essential for people to have access to resources to stay active, practice a healthy lifestyle to prevent illness and disease, manage pain, reduce anxiety and depression with regular exercise, and connect to others socially.

Program 3
Expenses: $140,969 Revenue: $135,375

For Youth Development: We believe that all kids deserve the opportunity to discover who they are and what they can achieve. That's why, through the Y, millions of youth today are cultivating the...

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For Youth Development: We believe that all kids deserve the opportunity to discover who they are and what they can achieve. That's why, through the Y, millions of youth today are cultivating the values, skills and relationships that lead to positive behaviors, better health and educational achievement. Among its many commitments, collectively the YMCA is dedicated to equity initiatives and closing the achievement/opportunity gap among low-income students and reducing summer learning loss through a variety of programs including Princeton Young Achievers (an affordable afterschool program that serves 85-90 children in grades K to 5 for families who qualify for free/reduced meals) and the ACE mentoring program for teens who are chronically absent from school. Each summer, for 9 - 10 weeks, the Princeton Family YMCA provides enriching day camp experiences for 500+ children. Accredited by the American Camping Association (ACA), the Princeton Family YMCA's Summer Day Camp is one of the most powerful ways for youngsters to learn lessons that will serve them throughout their lives. The Y also provides the Seventh Grade Initiative (7GI), welcoming seventh graders to safe space as they grow and transition to more independence, a setting that can be accessed by foot and bicycle. The pandemic has been particularly hard on youth, and the Y continues to do what it can to maintain programming to serve young people during the crisis. The Princeton Family Y was the only organization in the community to provide a summer camp program during the pandemic (2020, 2021) and returned to its full size in 2022.

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

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $949,421
Program Service Revenue $1,288,327
Investment Income $10,817
Other Revenue $0
TOTAL REVENUE $2,248,565

Expense Breakdown

Grants Paid $49,108
Salaries & Benefits $938,264
Fundraising Expenses $65,066
Program Expenses $1,341,568
Other Expenses $634,869
TOTAL EXPENSES $1,622,241

Year-over-Year Comparison

2021 2020 Change
Revenue $2,248,565 $2,343,188 0.0%
Expenses $1,622,241 $2,386,951 -0.3%
Net Income $626,324 $-43,763 -15.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
191
Volunteers
261

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
6
$180,772
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A Vice Chair 3.0
Officer Director
$0 $0 $0
N/A Treasurer 3.0
Officer Director
$0 $0 $0
N/A Vice Chair 3.0
Officer Director
$0 $0 $0
N/A Chair 5.0
Officer Director
$0 $0 $0
N/A Secretary 3.0
Officer Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A Director 2.0
Director
$0 $0 $0
N/A CEO 45.0
Officer
$147,008 $33,764 $180,772
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
2022 $2,248,565 $1,622,241 No data $626,324
2021 $2,343,188 $2,386,951 $9,890,936 $-43,763
2020 $2,751,054 $2,712,489 $10,053,211 $38,565
2019 $3,870,165 $3,649,835 $9,901,300 $220,330
2018 $4,071,954 $3,565,885 $9,541,767 $506,069
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