2024-09-26T12:40:05-05:00 2023-12-31 050409384 KAHN LITWIN RENZA & CO LTD 951 NORTH MAIN STREET PROVIDENCE RI 02904 990 2023-01-01 050259114 YOUNG MEN'S CHRISTIAN ASSOCIATION OF PAWTUCKET INC YOUN 4017277515 8 SUMMER STREET LOWER LEVEL PAWTUCKET RI 02860 ERIN LA MOUNTAIN CFO 4017277515 2024-09-25 1 1 SANDY ROSS P01399337 4012742001 2024-09-25 2023 2024-08-08 14:25:15Z JEFF MERHIGE 8 SUMMER STREET LOWER LEVEL PAWTUCKET RI 02860 16989408 0 X WWW.YMCAPAWTUCKET.ORG X 1889 RI TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD CHARACTER AND PROMOTE A HEALTHY SPIRIT, MIND AND BODY FOR ALL. 14 14 629 90 0 0 4350649 2414680 13039823 13454074 20699 376889 482932 240711 17894103 16486354 1080494 980015 0 0 9362056 9984828 0 0 240193 6135355 6448525 16577905 17413368 1316198 -927014 36477691 34248591 10487187 8680429 25990504 25568162 X TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD CHARACTER & PROMOTE A HEALTHY SPIRIT, MIND & BODY FOR ALL. IN CONCERT WITH OUR MISSION STATEMENT, OUR VISION IS: ENRICH THE SPIRIT; PROVIDE AN EXPERIENCE OF TRADITION & ASSOCIATION, TO ENHANCE A SENSE OF BELONGING & WELL-BEING; BUILD HEALTH & CHARACTER; PROVIDE AN ENVIRONMENT IN WHICH PEOPLE CAN ENGAGE IN COMPREHENSIVE QUALITY PROGRAMS OF HEALTH, FITNESS & CHARACTER DEVELOPMENT THAT WILL ENHANCE HEALTHY LIFESTYLES & VALUES. DEVELOP LIFETIME SKILLS: TEACH & NURTURE SOCIAL, INTERPERSONAL & PHYSICAL SKILLS, WHICH PROVIDE ENJOYMENT & HELP MEET THE HEALTH, SAFETY & WELFARE NEEDS OF ALL. STRENGTHEN THE FAMILY: ENCOURAGE TOGETHERNESS & ENHANCE FAMILY PARTICIPATION & UNITY THROUGH A BROAD RANGE OF SERVICES & PROGRAMS AIMED AT TRADITIONAL & NON-TRADITIONAL FAMILY UNITS. STRENGTHEN THE COMMUNITY: PROMOTE THE DEVELOPMENT OF LEADERSHIP, VOLUNTEERISM, CULTURAL UNDERSTANDING & ELIMINATE BIAS & ADVOCATE FOR THOSE IN NEED. 0 0 5268584 177590 6402203 CHILDCARE -CHILD CARE PROGRAMS OFFER HIGH QUALITY CHILD CARE ACTIVITIES FOR PRESCHOOL AND SCHOOL AGE CHILDREN FROM ALL SEGMENTS OF THE MORE THAN EIGHT COMMUNITIES WE SERVE. WE OFFER A VARIETY OF STATE LICENSED CHILDCARE PROGRAMS, BOTH FULL AND PART TIME, WHICH PROVIDE A SAFE AND NURTURING ENVIRONMENT WHERE YOUTH CAN DEVELOP SELF-ESTEEM, GOOD VALUES AND AN APPRECIATION OF CHARITABLE SERVICE. WOVEN INTO THE FABRIC OF THE YMCA MISSION IS A COMMITMENT TO STRENGTHENING FAMILIES. OUR CHILDCARE PROGRAMS INCLUDE COUNSELING OF TROUBLED YOUTH AND PARENTS, DEALING WITH RUNAWAY TEENAGERS, ASSISTING CHILD VICTIMS OF PHYSICAL AND SEXUAL ABUSE, AND PROGRAMS THAT HELP PARENTS LEARN MORE ABOUT HOW TO RAISE CHILDREN THAT ARE HAPPY AND HEALTHY IN SPIRIT, MIND AND BODY. WE PARTNER WITH OTHER COMMUNITY AGENCIES SUCH AS (UNITED WAY, DHS, DEPT OF HEALTH, GATEWAY, AND OTHER GOVERNMENTAL AGENCIES) SO THAT FINANCIAL ASSISTANCE IS AVAILABLE FOR THOSE WHO CANNOT AFFORD TO PAY. IN 2022, WE SERVED 1,041 PARTICIPANTS AND PROVIDED FINANCIAL ASSISTANCE IN THE AMOUNT OF $109,643. PROGRAMS CONDUCTED UNDER THIS CATEGORY OF PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE: - SCHOOL AGE - BEFORE AND AFTER CHILDCARE - EARLY CHILDHOOD LEARNING AND EDUCATIONAL KINDERGARTEN - PARENTING CLASSES, COUNSELING INTERVENTION AND NUTRITIONAL EDUCATION. 5670683 694033 4550279 FITNESS AND HEALTH - THE YMCA VIEWS HEALTH HOLISTICALLY: A HEALTHY PERSON HAS UNITY OF BODY, MIND AND SPIRIT. THE YMCA HAS IDENTIFIED THE GROWING NATIONAL OBESITY RATES IN THIS COUNTRY AS A CRITICAL SOCIAL ISSUE THAT MUST BE ADDRESSED AND OUR HEALTH AND WELL BEING PROGRAMS ARE DESIGNED TO HELP PEOPLE DEVELOP NEW SKILLS AND SET REALISTIC GOALS FOR SELF IMPROVEMENT AND DISEASE PREVENTION THROUGH AN ACTIVE LIFESTYLE, PROPER NUTRITION, STRESS MANAGEMENT, AND HEALTH EDUCATION. YMCA PROGRAMS PROMOTE INTERACTION, TEAMWORK, AND DEVELOPMENT OF MORAL AND ETHICAL BEHAVIOR, SOCIAL SKILLS AND SELF ESTEEM. THE YMCA ALSO VIEWS THE FAMILY UNIT AS VITAL TO THE PROPER GROWTH AND DEVELOPMENT OF CHILDREN AND THE HEALTH AND WELL BEING OF THE ADULT MEMBERS OF THE FAMILY. THE PARTICIPATION COLLECTIVELY AND INDIVIDUALLY IN ACTIVE PHYSICAL ACTIVITIES AND EDUCATIONALLY STIMULATING CLASSES BUILDS KNOWLEDGE AND CONFIDENCE. WE SERVE ALL AGES, ABILITIES, RACES, NATIONALITIES AND RELIGIONS AND PROVIDE FINANCIAL ASSISTANCE TO THOSE WHO NEED IT. IN 2022, WE SERVED 97,106 PERSONS IN OUR COMMUNITY AND PROVIDED MEMBERSHIP FINANCIAL ASSISTANCE IN THE AMOUNT OF $845,212. PROGRAMS CONDUCTED UNDER THIS CATEGORY OF PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE: - MEMBERSHIP SERVICE: FITNESS, WELLNESS, SOCIAL, EDUCATIONAL AND VOLUNTEERISM - AQUATIC SAFETY - LIFETIME SKILLS EDUCATION - YOUTH DEVELOPMENT - OUTDOOR RECREATION - FITNESS & WELLNESS. 1169004 90721 1396081 CAMP - DAY CAMPING OFFERS ADVENTURE AND LEARNING ACTIVITIES THAT CHALLENGE, EDUCATE, AND PROMOTE SPIRITUAL AWARENESS, MENTAL DEVELOPMENT, PHYSICAL WELL BEING, SOCIAL GROWTH, AND SELF-RESPECT. OUR CAMPS ENCOURAGE A REVERENCE FOR NATURE AND RESPECT FOR THE INTER-RELATEDNESS OF ALL LIVING THINGS ON EARTH. OUR CAMPS ARE OPEN TO ALL, REGARDLESS OF INCOME OR SPECIAL NEEDS, HELPING CHILDREN TO APPRECIATE DIVERSITY, BECOME COMMUNITY LEADERS AND DEVELOP LIFELONG VALUES. IN 2022 WE PROVIDED 411 CAMPERS WITH FINANCIAL ASSISTANCE IN THE AMOUNT OF $111.301. FAMILY AND SPECIALTY CAMPS FOR TEENS AND ATHLETES WERE OFFERED TO OPEN NEW AVENUES OF UNDERSTANDING WITHIN THE OUTDOOR ENVIRONMENT WHILE ENGAGING WITH FAMILY MEMBERS OR WITH OTHERS IN COMPETITION OR ON A PATH TO PERSONAL GROWTH. CAMPS ARE AGE SPECIFIC FOR THE EDUCATIONAL BENEFIT OF THE CHILD AND GEOGRAPHICALLY POSITIONED FOR THE CONVENIENCE OF WORKING PARENTS. OUR CAMPS ARE LOCATED IN SIX CITIES AND TOWNS THROUGHOUT NORTHERN RHODE ISLAND AND COVENTRY AND COLLECTIVELY SERVE CHILDREN AND TEENS UP TO 16 YEARS OF AGE. CAMP PROGRAMMING IS DESIGNED TO BUILD HEALTH AND FITNESS AND TEACH LIFETIME SKILLS. PROGRAMS CONDUCTED UNDER THIS CATEGORY OF PROGRAM SERVICE ACCOMPLISHMENTS INCLUDE: - RUNNING, TRAVEL CAMPS AND FAMILY CAMPGROUNDS - YOUTH & TEEN DAY CAMPS - LEADERSHIP DEVELOPMENT CAMPS. 1177281 17671 1188799 AQUATICS - AT THE YMCA OF PAWTUCKET, WE UNDERSTAND THAT SWIM LESSONS ARE MORE THAN JUST STROKE DEVELOPMENT. AS THEY LEARN TO SWIM, CHILDREN ALSO DEVELOP ENDURANCE, SELF-CONFIDENCE, AND AN APPRECIATION FOR WATER SAFETY. THE Y STAFF WORKS HARD TO CREATE AN ENCOURAGING ATMOSPHERE IN THE WATER, WHERE EACH SWIMMER CAN LEARN AND PROGRESS AT HIS OR HER OWN PACE AND COMFORT LEVEL. 1177281 17671 1188799 13285552 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 33 0 1 629 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 RI X X JEFF MERHIGE 4017277515 8 SUMMER STREET PAWTUCKET RI 02860 EILEEN RYAN-SAEGER PRESIDENT (TO 12/23) 1.00 X X 0 0 0 DENISE SABLONE VICE PRESIDENT 1.00 X X 0 0 0 BINTOU CHATTERTON VICE PRESIDENT 1.00 X X 0 0 0 JASON HERNANDEZ VICE PRESIDENT/SECRETARY 1.00 X X 0 0 0 BRIAN AZAR ASSISTANT TREASURER 1.00 X X 0 0 0 KEVIN BURNS TREASURER 1.00 X X 0 0 0 SETH IZZI DIRECTOR (AS OF 10/23) 1.00 X 0 0 0 JEREMY CHIAPPETTA DIRECTOR (TO 10/23) 1.00 X 0 0 0 ROB CRAIN DIRECTOR 1.00 X 0 0 0 MICHELLE FELIZZOLA DIRECTOR (AS OF 10/23) 1.00 X 0 0 0 RACHEL BAUMAN-ECHLIN DIRECTOR (TO 1/23) 1.00 X 0 0 0 SARA ANDERSON DIRECTOR (AS OF 1/23) 1.00 X 0 0 0 KEVIN TRACY DIRECTOR (TO 12/23) 1.00 X 0 0 0 MARC DUPUIS DIRECTOR 1.00 X 0 0 0 TIMOTHY REICHARDT DIRECTOR (TO 1/23) 1.00 X 0 0 0 MARK HOUSE DIRECTOR (TO 1/23) 1.00 X 0 0 0 COL ANTHONY ROBERSON DIRECTOR 1.00 X 0 0 0 DR KEVIN KEITH MARTINS DIRECTOR 1.00 X 0 0 0 CHUCK LOCURTO DIRECTOR 1.00 X 0 0 0 WILLIAM HUNT DIRECTOR 1.00 X 0 0 0 CHARLES CLIFFORD CHIEF EXECUTIVE OFFICER (TO 2/23) 40.00 X 36706 0 4882 MARIBETH MARCEAU DIRECTOR OF FINANCE (TO 9/23) 40.00 X 92519 0 12208 ERIN LA MOUNTAIN CHIEF FINANCIAL OFFICER (AS OF 10/23) 40.00 X 24384 0 1468 JEFF MERHIGE CHIEF EXECUTIVE OFFICER (AS OF 7/23) 40.00 X 113385 0 11146 DAN REYNOLDS CHIEF OPERATING OFFICER (AS OF 10/23) 40.00 X 32318 0 2298 JEANINE ACHIN CHIEF OPERATING OFFICER (TO 5/23) 40.00 X 114690 0 8390 ASHLEY FILIPP CHIEF HUMAN RESOURCE OFFICER 40.00 X 106624 0 23272 CRAIG PANZANO INTERIM CHIEF EXECUTIVE OFFICER (1/23-07/23) 40.00 X 109055 0 13275 629681 0 76939 4 0 1 0 0 17400 2397280 2414680 CHILDCARE 713940 6402203 6402203 MEMBERSHIP REVENUE 713940 4550279 4550279 DAY CAMP REVENUE 713940 1396081 1396081 OTHER PROGRAM SERVICES 713940 1105511 1105511 13454074 353350 353350 97388 22074 75314 75314 83288 -7974 221276 264531 161942 300326 59334 -35795 23539 23539 45050 17400 18712 26338 26338 OTHER REVENUE 713940 139059 139059 139059 16486354 13537362 0 534312 980015 980015 331314 331314 7823856 6389477 1353061 81318 509510 365840 143670 624631 448308 164938 11385 695517 548892 141198 5427 24681 24681 53250 53250 409707 57356 315477 36874 95508 5248 90260 764966 297625 438707 28634 254868 217784 31987 5097 1546769 1292350 223154 31265 98677 46555 52122 82284 20910 61374 232061 232061 177494 173426 4068 1329677 1134328 168755 26594 534487 463342 61614 9531 PROGRAM SUPPLIES 664998 664998 BANK FEES 179098 179098 17413368 13285552 3887623 240193 1096292 237168 5732883 6006810 2402912 414825 253272 274655 41183631 20941153 21099986 20242478 4410660 5016867 1481686 2055788 36477691 34248591 793934 1089800 2329278 899642 6026832 5637680 367356 287932 969787 765375 10487187 8680429 X 25492730 25294297 497774 273865 25990504 25568162 36477691 34248591 X -927014 567062 -62390 X X 0 1 X 1 1 1 X 779868 1471167 2822362 4350649 2414680 11838726 13536802 8758104 1239552 13114139 13537362 50185959 14316670 10229271 4061914 17464788 15952042 62024685 15255 21205 19615 15750 71825 0 15255 21205 19615 15750 71825 61952860 292973 268553 236046 198312 345376 1341260 292973 268553 236046 198312 345376 1341260 217512 254125 409212 139059 1019908 14609643 10715336 4552085 18072312 16436477 64385853 0.96220 0.96480 0.02080 0.02010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 0 0 0 0 0 1 2586 2586 0 261146 3613 11456 2350 273865 290871 5922 -35647 261146 273289 3000 14582 290871 262033 2600 8656 273289 243919 2575 24500 8961 262033 0.00000 1.00000 0.00000 0 0 920047 920047 32621047 16083797 16537250 947867 784336 163531 5756436 3488177 2268259 938234 584843 353391 20242478 SECURITY DEPOSIT 3467 UNAMORTIZED BOND ISSUANCE COSTS 89225 PERPETUAL TRUST 141932 RIGHT OF USE OPERATING LEASE 538768 RIGHT OF USE FINANCE LEASE 193573 INTEREST RATE SWAP 220030 DUE TO/FROM RELATED PARTY 68098 ASSETS HELD FOR SALE 800695 2055788 OPERATING LEASE 564986 FINANCE LEASE 200389 765375 X PART X, LINE 2: THE YMCA IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE YMCA OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE YMCA ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. THE YMCA CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. THE SUBSIDIARY HAS ELECTED TO HAVE ITS INCOME TAXED UNDER THE PROVISIONS OF SUBCHAPTER C OF THE INTERNAL REVENUE CODE. SUBCHAPTER C PROVIDES THAT THE CORPORATION IS TAXED ON THE SUBSIDIARY'S TAXABLE INCOME. FOR THE YEAR ENDING DECEMBER 31, 2023, THE SUBSIDIARY HAD A NET OPERATING LOSS WHICH CREATED A DEFERRED TAX ASSET AND CORRESPONDING VALUATION ALLOWANCE. MANAGEMENT HAS DETERMINED THAT THE DEFERRED TAX ASSET AND VALUATION ALLOWANCE ARE NOT MATERIAL AS OF DECEMBER 31, 2023 . GOLF TOURNAMENT 62450 17400 45050 994 15867 1851 62450 17400 45050 994 15867 1851 18712 26338 1 SCHOLARSHIPS 80434 980015 FAIR VALUE TUITION DISCOUNT PART I, LINE 2: PAPERWORK IS TAKEN TO DISTINGUISH THE AMOUNT OF THE SUBSIDY GIVEN. THE PAPERWORK IS KEPT AT THE BRANCH. THEN THEY ARE ENTERED INTO THE DAXKO SYSTEM FOR THE FULL AMOUNT. THE AMOUNT PAID BY THE MEMBER WILL SHOW IN THE MEMBERSHIP OR PROGRAM CATEGORY AND THE SUBSIDY AMOUNT WILL BE SHOWN IN THE ADJUSTMENT CATEGORY. X X X 0 0 0 0 0 0 0 0 0 A RI ECONOMIC DEVELOPMENT CORP (2016) 050356994 2016-02-01 10540000 REFINANCE OF ORIGINAL BOND, FOR FACILITY RENOVATION AND CONSTRUCTION 0 0 0 A 0 0 0 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE MANAGEMENT IS SATISFIED WITH THE FORM, IT IS PROVIDED TO ALL BOARD MEMBERS. THE BOARD IS ASKED IF THEY HAVE ANY QUESTIONS OR COMMENTS. ALL REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. AFTER ALL CHANGES ARE MADE AND THE BOARD APPROVES THE FORM 990, THE FORM IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE INDIVIDUALS ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANIZATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE IS CHARGED BY THE BOARD OF DIRECTORS TO ANNUALLY REVIEW THE PERFORMANCE AND SUCCESS OF THE EXECUTIVE DIRECTOR IN MEETING ASSOCIATION GOALS AND JOB DESCRIPTION EXPECTATIONS, AND ALSO COMPARING THEM TO REGIONAL AND NATIONAL STANDARDS. THE RESULTS ARE REPORTED TO THE BOARD BY THE COMMITTEE AS WELL AS RECOMMENDED CHANGES TO THE COMPENSATION PACKAGES. TOP MANAGEMENT'S COMPENSATION IS DETERMINED BY THE CHIEF EXECUTIVE OFFICER AND CHIEF OPERATING OFFICER WITH ASSISTANCE FROM THE HUMAN RESOURCES DIRECTOR AND YMCA USA SALARY GUIDES, UPDATED ANNUALLY. THE EXECUTIVE COMPENSATION COMMITTEE IS CHARGED BY THE BOARD OF DIRECTORS TO ANNUALLY REVIEW THE PERFORMANCE AND SUCCESS OF THE EXECUTIVE DIRECTOR AND THE TOP EXECUTIVES OF THE ASSOCIATION IN MEETING ASSOCIATION GOALS AND JOB DESCRIPTION EXPECTATIONS, AND ALSO COMPARING THEM TO REGIONAL AND NATIONAL STANDARDS. THE RESULTS ARE REPORTED TO THE BOARD BY THE COMMITTEE AS WELL AS RECOMMENDED CHANGES TO THE COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 18 THE FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION AT ITS CORPORATE OFFICE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC AT ITS CORPORATE OFFICE. FORM 990, PART XI, LINE 9: CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAP AGREEMENT -62,390. FORM 990, PART XII, LINE 2C THE ORGANIZATION DID NOT CHANGE EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. BREAKNECK HILL STATION 8 SUMMER STREET PAWTUCKET RI 02860 462307044 OPERATION OF SEWER PIPELINE/FACILITY RI YMCA OF PAWTUCKET C 14823 16516 1.00000 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BREAKNECK HILL STATION D 68098 COST