2024-11-13T10:29:42+00:00 2023-12-31 350921680 CROWE LLP 3815 River Crossing Parkway Suite 3 00 Indianapolis IN 462400977 990 2023-01-01 356051396 YMCA Foundation of Greater Indianapolis YMCA 3172669662 6610 North Shadeland Avenue Indianapolis IN 46220 RANDALL BORDEAU SR VP OF FINANCE/CFO 3177138518 2024-11-13 true true Rachel Spurlock P00520729 3175698989 2024-11-13 2023 2024-10-15 13:58:12Z Gregg Hiland 6610 North Shadeland Avenue Indianapolis IN 46220 1242964 false X n/a X 1965 IN The YMCA Foundation of Greater Indianapolis was established to provide individuals, corporations, and foundations opportunities to further the mission of the YMCA of Greater Indianapolis through contributions. 13 13 0 13 0 0 15000 7000 0 277010 220305 0 292010 227305 162045 245922 0 0 0 0 52552 54880 214597 300802 77413 -73497 21186088 23430748 16021829 17631220 5164259 5799528 The YMCA Foundation of Greater Indianapolis was established in 1965 to provide individuals, corporations, and foundations opportunities to further the mission of the YMCA of Greater Indianapolis through gifts of cash, stocks, bonds, or other property. (continued in Schedule O) false false 245922 245922 The gifts from donors to the YMCA Foundation of Greater Indianapolis become assets which generate investment income. Disbursements of earned income, in the form of grants, ensure that the needs of the YMCA can be met now, and in the future as conditions inevitably change. The YMCA Foundation paid a grant of $245,922 to the YMCA of Greater Indianapolis during 2023 to support the urban/inner-city programs for children and teens of the organization. 245922 true true false false false false false false true false false false false true true true false false false false false false false false false false true false true false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false false false false false false X 13 13 false false false false false false false true false false false true true true true true true false false false IN X SCOTT HITE 3172669622 615 N Alabama Street STE 200 Indianapolis IN 46204 Andy Buroker Board Member 1.0 X 0 0 0 Byron L Myers Chair 1.0 X 0 0 0 Cheryl E Watson Board Member 1.0 X 0 0 0 Douglas D Church Board Member 1.0 X 0 0 0 James T Morris Board Member 1.0 X 0 0 0 Kristen Mays-Corbitt Board Member 1.0 X 0 0 0 Philip B Roby Board Member 1.0 X 0 0 0 Polly G Nicely MD Board Member 1.0 X 0 0 0 Rhonda Kittle Board Member 1.0 X 0 0 0 Robert C McDonald MD Board Member 1.0 X 0 0 0 Stephen L Corbitt Board Member 1.0 X 0 0 0 Sue Tempero Board Member 1.0 X 0 0 0 Teresa S Lubbers Board Member 1.0 X 0 0 0 Thomas Crouch Board Member 1.0 X 0 0 0 Tom Vanneman Board Member 1.0 X 0 0 0 Gregg A Hiland President & CEO and Secretary (Foundation) 1.0 40.0 X 0 273379 52657 Justin Blackstone Senior Vice President & Chief Development Officer 1.0 40.0 X 0 124373 6454 Randall Bordeau Senior Vice President & CFO 1.0 40.0 X 0 188291 51070 0 586043 110181 0 false true false 0 0 0 0 0 0 7000 7000 0 0 0 0 0 197754 197754 0 0 1038210 1015659 22551 0 22551 22551 0 0 0 0 0 227305 0 0 220305 245922 245922 0 0 8480 8480 46400 46400 0 0 0 0 0 0 0 0 0 0 0 0 300802 245922 54880 0 824182 635812 0 0 0 0 0 0 0 0 0 20336906 22762936 0 0 25000 32000 21186088 23430748 0 0 0 0 0 0 0 0 16021829 17631220 16021829 17631220 X 4957750 5593019 206509 206509 5164259 5799528 21186088 23430748 -73497 708766 0 X false true X true false X 38950 0 13875 15000 7000 74825 0 0 38950 0 13875 15000 7000 74825 0 74825 150748 99414 158138 171048 197754 777102 0 0 0 0 0 0 0 851927 0 0.0878 0.1047 X Schedule A, Part II, Line 17a 10%-FACTS AND CIRCUMSTANCES TEST THE IRS RECORDS INDICATE THAT THE FILING ORGANIZATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF 509(A) OF THE CODE BECAUSE THE ORGANIZATION IS DESCRIBED IN SECTION(S) 509(A)(1) AND 170(B)(1)(A)(VI). FURTHERMORE, 10% OR MORE OF SUPPORT COMES FROM GOVERNMENT AGENCIES, CONTRIBUTIONS FROM THE GENERAL PUBLIC, AND CONTRIBUTIONS OF GRANTS FROM OTHER PUBLIC CHARITIES AND THE FACTS AND CIRCUMSTANCES INDICATE IT IS A PUBLICLY SUPPORTED ORGANIZATION. THE ORGANIZATION GENERALLY SOLICITS FUNDS FROM THE GENERAL PUBLIC/COMMUNITY AND HAS A GOVERNING BODY WHICH REPRESENTS THE BROAD INTEREST OF THE PUBLIC. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5164259 7000 882671 245922 0 8480 5799528 6196532 15000 -879328 162045 0 5900 5164259 5604455 13875 742069 156575 0 7292 6196532 5015129 0 754935 156574 0 9035 5604455 4225030 38950 917358 156513 0 9696 5015129 0.96 0.04 0.0 false false Accounts Payable and Grants Payable to the YMCA of Greater Indianapolis 636687 Investments Held for YMCA of Greater Indianapolis 16994533 17631220 X 889671 708766 0 708766 180905 46400 0 46400 227305 254402 0 0 254402 46400 0 46400 300802 Schedule D, Part V, Line 4 Intended uses of endowment funds The primary objective for the endowment fund is to grow the principal and maintain its value in perpetuity. The general investment objective is to manage the endowment fund for total return (both capital appreciation and current income) at reasonable and prudent levels of risk. The spending policy of the Board of Trustees is to distribute not more than 5% of the total endowment fund's market value averaged over the previous 13 quarters. Distributions from the endowment fund provide a firm base to support the programs of the YMCA of Greater Indianapolis to enhance personal growth and improve health of spirit, mind and body of all. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Foundation is exempt from federal income taxes under Section 501(c)(3) of the U.S. Internal Revenue Code. Accordingly, no provision for federal or state income taxes has been made. The Foundation is not considered to be a private foundation. Accounting standards require that the Foundation disclose the amount of potential benefit or obligation to be realized as a result of an examination performed by a taxing authority. For the years ended December 31, 2023 and 2022, management has determined the Foundation does not have any tax positions that result in any uncertainties regarding the possible impact on the Foundation's financial statements. The Foundation does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Foundation recognizes interest and/or penalties related to income tax matters in income tax expense. The Foundation did not have any amounts accrued for interest and penalties at December 31, 2023 and 2022. true YMCA OF GREATER INDIANAPOLIS 6610 N SHADELAND AVE Indianapolis IN 46220 350868211 501(C)(3) 245922 FUNDING YMCA PROGRAMS 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The CEO & President of both the YMCA of Greater Indianapolis (YMCA) and YMCA Foundation of Greater Indianapolis (YMCA Foundation), Gregg Hiland, oversees the funds and reports to the YMCA Board of Directors and the YMCA Foundation Board of Trustees as to the use of the funds. Both Boards approve the annual distribution to the YMCA in compliance with policies established. The CEO & President monitors the grants to ensure that such grants are used for proper purposes and are not otherwise diverted from the intended use. false false false false false false false false false Gregg A Hiland President & CEO and Secretary (Foundation) 0 263938 0 0 0 9441 0 34003 0 18654 0 326036 0 0 Randall Bordeau Senior Vice President & CFO 0 187931 0 0 0 360 0 24420 0 26650 0 239361 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation YMCA Foundation of Greater Indianapolis relied on an affiliated organization, YMCA of Greater Indianapolis (YMCA), to determine the compensation of the top official. YMCA used a compensation committee, independent compensation consultant, compensation surveys or studies, and approval by the board or compensation committee in its determination of compensation. Schedule J, Part II COMPENSATION COMPENSATION TO THE OFFICERS OF THE YMCA FOUNDATION OF GREATER INDIANAPOLIS ARE REPORTED ON A W-2 FROM THE YMCA OF GREATER INDIANAPOLIS, AN AFFILIATED ORGANIZATION. Form 990, Part III, Line 1 Organization's Mission (continued from Part III) The mission of the YMCA of Greater Indianapolis is to put Christian principles into practice through programs that enhance personal growth and health of spirit, mind, and body for all. The gifts from donors to the YMCA Foundation of Greater Indianapolis become assets which generate investment income. Disbursements of earned income, in the form of grants, ensure that the needs of the YMCA can be met now, and in the future as conditions inevitably change. The YMCA Foundation of Greater Indianapolis generates a concentration of earned income from which greater good can be accomplished. In doing so, the community's needs, which are changing, can be addressed year after year. Form 990, Part VI, Line 15 Process Used to Establish Compensation of Officers Compensation for the organization's President & CEO and CFO is paid by the YMCA of Greater Indianapolis, Inc. (YMCA), an affiliated tax-exempt organization. The process used by the YMCA to determine compensation is described below. YMCA's Executive Compensation committee meets in early march each year to review the CEO's accomplishments against agreed upon goals set for the previous year. Using the organization's merit increase and/or incentive pay guidelines, along with recommended salary and compensation range data approved by the leadership development and Executive Compensation Committees, the YMCA's Executive Compensation Committee agrees upon the performance level achieved and the corresponding merit increase and/or incentive pay amounts. The Executive Compensation Committee's recommendation is then approved at the next Executive Committee meeting. Article VIII of the Bylaws of the Association establishes the authority of the Executive Committee to act as the Board of Directors in the management of the Association. Comparability data is supplied by YUSA, as well as data supplied by Sullivan Center, executive compensation consultants (an independent compensation consultant). This data is used to compare the YMCA's officers and key employees salaries with like positions in the top 30 YMCAs (The North American Urban Group YMCAs). Additionally, the salaries are compared with like positions in both the for-profit general industry sector and the not-for-profit sector. Documentation of these decisions was kept by the YMCA's Executive Compensation Committee. This process was last undertaken in April of 2023 for the CEO & President and CFO. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body THE ORGANIZATION HAS NO SUCH COMMITTEE THEREFORE THIS QUESTION HAS BEEN MARKED "NO" IN ACCORDANCE WITH IRS INSTRUCTIONS. Form 990, Part VI, Line 11b Review of form 990 by governing body The Form 990 is distributed to all members of the governing body for review and comments. This entire process takes place before the filing of the return. Form 990, Part VI, Line 12c Conflict of interest policy The Conflict of Interest Policy covers all volunteers and officers. Policy volunteers on our Board of Trustees and officers are required to update and sign the disclosure statement annually. Human Resources Management of the YMCA of Greater Indianapolis reviews the disclosure statements. The Vice President of Human Resources in conjunction with the appropriate center executive determine whether a conflict exists. The Sr. Vice President/CFO reviews the volunteer disclosure statements and prepares the list of conflict of interest transactions for review by the board of directors. At the December 2023 Board of Directors meeting the Board asked interested persons to step out of the meeting while they reviewed the list of conflict of interest transactions. The board acknowledged the conflicts of interest and business relationships and recommend continuing the same relationships. Persons with a conflict of interest are prohibited from participating in all deliberations and decisions surrounding the identified potential conflict of interest transaction. Policy volunteers with conflicts of interest are excused from meetings and cannot weigh in or vote on transactions surrounding the identified area of conflict. Staff members with conflicts of interest do not participated in any decisions surrounding the identified area of conflict. Form 990, Part VI, Line 19 Required documents available to the public The organization makes it governing documents, audited financial statements and conflict of interest policy available to the public upon request. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;