Better Business Bureau Report for
YMCA of Greater Louisville

Better Business Bureau Report issued January 2011
Better Business Bureau Report expires January 2013


This BBB Accredited charity meets all 20 Standards for Charity Accountability and is a Seal Holder. Find out more...


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Charity Contact Information

Name: YMCA of Greater Louisville
Address: 545 S. 2nd Street
  Louisville, KY 40202
Phone: 502-587-9622
Web Address: www.ymcalouisville.org
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Better Business Bureau Comments

Year, State Incorporated: 1853, Kentucky
Affiliates: None
Stated Purpose: The mission of the YMCA of Greater Louisville is to put Christian principles into practice through programs that build healthy spirit, mind, and body for all.

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Evaluation Conclusions

               

YMCA of Greater Louisville meets the 20 Standards for Charity Accountability.
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Programs

               

The Y is an organization of men, women and children of all ages and from all walks of life joined together by a shared passion to strengthen the foundations of community. with a commitment to nurturing the potential of kids, promoting healthy living and fostering a sense of social responsibility, the Y ensures that every individual has access to the essentials needed to learn , grow and thrive. Through mulitple community-base facilities, our programs and services are designed and delivered to instill the values of caring, honesty, respect and responsibility. The Y is and always will be dedicated to building healthy, confident, connected and secure children, adults, families and communities.

For the fiscal year ended December 31, 2010, YMCA of Greater Louisville's program expenses were:

  
Program services 29,832,732
Total Program Expenses: $29,832,732
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Governance

               

Chief Executive : R. Stephen Tarver, President and CEO
Compensation*:
 $226,076

Chair of the Board: G. Bradley Smith
Chair's Profession / Business Affiliation: Partner, Mountjoy, Chilton Medley LLP

Board Size: 30

Paid Staff Size: 1250

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Fund raising methods include direct mail, telephone, invitations to fund raising events, grant proposals, and internet, planned giving arrangements, and membership.

In addition, the YMCA of Greater Louisville is a Metro United Way participating agency.




Fund raising costs were 5% of related contributions. (Related contributions, which totaled $7,018,114, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on the agency’s audited financial statements for the year that ended December 31, 2010.

Ending net assets as reported below include $31,123,725 in unrestricted net assets , $648,618 in temporarily restricted net assets, and $1,331,106 in permanently restricted net assets.

Unrestricted net assets include $11,170,289 in Board designated reserves, $2,308,631 in a Board designated endowment, and $17,644,805 in undesignated assets.

Total assets as reported include $29,115,544 invested in property and equipment, net.





Source of Funds  
Membership Dues 14,441,143
Program Fees 14,435,788
Government Grants 4,353,257
Contributions 1,331,629
Metro United Way 650,872
In-kind donations 346,016
Net realized and unrealized gains on investments 305,835
Other Grants 285,131
Garage Rental/Income 277,061
Merchandise sales 133,029
Investment income 117,355
Misc Other 103,339
Special Events 51,209
Loss on disposal of assets -62,880
Change in fair value of derivative financial instruments -289,661
Total Income $36,479,123


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 1%  Administrative: 12% 

Total income   $36,479,123
  Program expenses $29,832,732
  Fund raising expenses 331,685
  Administrative expenses 4,280,551
 
Total expenses   $34,444,968
Income in Excess of Expenses   2,034,155
Beginning net assets   31,069,294
Ending net assets   33,103,449
Total liabilities   13,822,386
Total assets   $46,925,835

This report was originally issued in January 2011. Financial information in the report was updated in March 2012.

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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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