THE COMMUNITY YMCA FOUNDATION INC

EIN: 223562537 501(c)(3)

SHREWSBURY, NJ

Total Revenue
$158,257
Total Expenses
$5,782,639
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
NJ
Principal Officer
PETER MCCARTHY
Phone
7326715505
Tax Period
2024-01-01 to 2024-12-31

THE COMMUNITY YMCA FOUNDATION INC, founded in 2001, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $5.8M exceeded revenue, resulting in a 3554% operating deficit.

Mission

THE FOUNDATION WILL DEVELOP, MAINTAIN AND MANAGE THE ENDOWMENT FUNDS OF THE YMCA OF GREATER MONMOUTH COUNTY, INC. AND WILL ENCOURAGE DONATIONS AND PLANNED GIFTS. THE FOUNDATION WILL USE AND APPLY ITS ASSETS FOR THE USE AND BENEFIT OF THE YMCA OF GREATER MONMOUTH COUNTY, INC., SO LONG AS THAT ORGANIZATION QUALIFIES AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW.

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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 $0
Program Service Revenue $0
Investment Income $158,257
Other Revenue $0
TOTAL REVENUE $158,257

Expense Breakdown

Grants Paid $5,782,639
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,782,639
Other Expenses $0
TOTAL EXPENSES $5,782,639

Year-over-Year Comparison

2024 2023 Change
Revenue $158,257 $812,283 -0.8%
Expenses $5,782,639 $558,011 +9.4%
Net Income $-5,624,382 $254,272 -23.1%
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
N/A

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
1
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER J MCCARTHY CHAIRMAN 5.00
Officer Director
$0 $0 $0
CHRIS KELLY TRUSTEE 5.00
Director
$0 $0 $0
JENNIFER LAKEFIELD TRUSTEE 5.00
Director
$0 $0 $0
DAVE MEDROW TREASURER 5.00
Director
$0 $0 $0
MICHAEL TRIGILI TRUSTEE 5.00
Director
$0 $0 $0
GLENN BELLOMY TRUSTEE 5.00
Director
$0 $0 $0
KEVIN GANNON VICE CHAIR 5.00
Director
$0 $0 $0
JANE PATTWELL SECRETARY 5.00
Director
$0 $0 $0
BEN TORCIVIA TRUSTEE 5.00
Director
$0 $0 $0
TED NAPPI TRUSTEE 5.00
Director
$0 $0 $0
JOAN SPEARS TRUSTEE 5.00
Director
$0 $0 $0
JEREMY SUAREZ TRUSTEE 5.00
Director
$0 $0 $0
CAROL STILLWELL TRUSTEE 5.00
Director
$0 $0 $0
MIKE WRIGHT TRUSTEE 5.00
Director
$0 $0 $0
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 $158,257 $5,782,639 No data $-5,624,382
2023 $812,283 $558,011 $5,632,665 $254,272
2022 $237,598 $307,268 $5,376,843 $-69,670
2021 $985,875 $310,101 $6,677,186 $675,774
2020 $762,672 $808,785 $6,000,664 $-46,113
2019 $1,077,729 $203,326 $6,046,157 $874,403
2018 $-483,081 $200,082 $5,171,629 $-683,163
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