YOUNG MEN'S CHRISTIAN ASSOCIATION OF ALBERT LEA MINNESOTA INC

EIN: 411000679 501(c)(3) Human Services

Albert Lea, MN

Total Revenue
$1,034,589
Total Expenses
$1,043,110
Total Assets
$2,265,604
Net Assets
$2,060,417
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Financial Trends

Organization Details

Formation Year
1967
Legal Domicile
MN
Phone
5073738228
Tax Period
2023-01-01 to 2023-12-31

YOUNG MEN'S CHRISTIAN ASSOCIATION OF ALBERT LEA MINNESOTA INC, founded in 1967, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF ALBERT LEA, INC. PUTS CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY. ALL Y PROGRAMS FOCUS ON YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY.

Program Service Accomplishments

Program 1
Expenses: $840,428 Revenue: $0

GOALS: Youth Development - Our YMCA is committed to nurturing the potential of every child and teen. We believe that all kids deserve the opportunity to discover who they are and what they can...

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GOALS: Youth Development - Our YMCA is committed to nurturing the potential of every child and teen. We believe that all kids deserve the opportunity to discover who they are and what they can achieve. That is why we help lead to positive behaviors, better health, and educational achievement. Our YMCA programs, such as our out of school time care and day camp offer a range of experiences that enrich cognitive, social, physical, and emotional growth. Expense include subsidies and direct financial assistance that make participation possible for 100 percent of the young people we engage. The Albert Lea Family YMCA works in collaboration with the local school district and other service organizations to connect with all families. Healthy Living - The Y is a leading voice on Health and well-being. We bring families closer together, encourage good health, foster connections through fitness, sports, fun, and shared interests. As a result, people in our community are receiving the support, guidance, and resources they need to achieve greater health in spirit, mind, and body. This is particularly important as our nation struggles with an obesity crisis, families struggle with work/life balance, and individuals search for personal fulfillment. Our programs are accessible, affordable, and open to all faiths, backgrounds, abilities, and income levels. (72 families) in 2023. We provided $29,384 in financial assistance to youth, adults and families who otherwise would have faced economic barriers to participation. The Albert Lea Family YMCA works closely with seniors providing social and opportunities. Social Responsibility- Our YMCA believes in giving back and supporting our neighbors. We have been listening and responding to our community's social needs for more than 108 years. Y Programs, such as Nutritional Assistance Program for Seniors is an example of how we deliver resources, and support that empower our seniors to effect change, bridge gaps, and overcome obstacles for their well-being. The Albert Lea Family YMCA collaborates with the community to ensure permanent, positive change.

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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 (2023)

Revenue Breakdown

Contributions & Grants $393,310
Program Service Revenue $587,599
Investment Income $861
Other Revenue $52,819
TOTAL REVENUE $1,034,589

Expense Breakdown

Grants Paid $0
Salaries & Benefits $569,814
Fundraising Expenses $20,234
Program Expenses $840,428
Other Expenses $473,296
TOTAL EXPENSES $1,043,110

Year-over-Year Comparison

2023 2022 Change
Revenue $1,034,589 $830,360 +0.2%
Expenses $1,043,110 $926,480 +0.1%
Net Income $-8,521 $-96,120 -0.9%
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
13
Independent Members
13
Employees
101
Volunteers
82

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
4
$0
Total Directors
13
$0
Key Employees
2
$90,913
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PAST PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A VICE PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A SECRETARY 1.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A BOARD MEMBER 1.0
Director
$0 $0 $0
N/A EXECUTVIE DIRECTOR 40.0
Key Emp
$64,017 $4,481 $68,498
N/A EXECUTIVE DIRECTOR - INTERIM 40.0
Key Emp
$20,949 $1,466 $22,415
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 No data No data No data No data
2023 $1,034,589 $1,043,110 $2,265,604 $-8,521
2022 $830,360 $926,480 $2,268,711 $-96,120
2021 $858,851 $818,012 $2,359,700 $40,839
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