Better Business Bureau Report for
YMCA of Greater Richmond

Better Business Bureau Report issued May 2010
Better Business Bureau Report expires May 2012


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: YMCA of Greater Richmond
Address: 2 W Franklin St
  Richmond, VA 23220
Phone: 804-649-9622
Web Address: www.ymcarichmond.org
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Better Business Bureau Comments

Year, State Incorporated: 1942, Virginia
Affiliates: None
Stated Purpose: The mission of the YMCA of Greater Richmond 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 Richmond meets the 20 Standards for Charity Accountability.
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Programs

               

The YMCA of Greater Richmond is a non-profit charitable organization serving more than 150,000 members in 15 branch locations throughout metro Richmond and Petersburg. The region's largest childcare provider and a source for various social services, the YMCA is also known for its health and wellness, camp, youth sports and aquatics. Sliding scale fees and outreach work make the YMCA open to all.

For the fiscal year ended December 31, 2008, YMCA of Greater Richmond's program expenses were:

  
Health,Fitness,Recreation 19,876,445
Child Care & Camp 8,993,175
Social Development & Outreach 2,084,686
Total Program Expenses: $30,954,306
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Governance

               

Chief Executive : Barry M. Taylor, President/CEO
Compensation*:
 $253,738

Chair of the Board: O. Reid Ashe, Jr.
Chair's Profession / Business Affiliation: COO, Media General, Inc.

Board Size: 60

Paid Staff Size: 1837

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

               

Method(s) Used:

direct mail, telephone, invitations to fund raising events, grant proposals, internet, planned giving arrangements, membership, face-to-face requests
Fund raising costs were 32% of related contributions. (Related contributions, which totaled $6,552,107, 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 YMCA of Greater Richmond's audited financial statements for the fiscal year ended December 31, 2008.

Source of Funds  
Membership,Program,Other 31,868,747
Public Support 6,552,107
Investment Income -1,879,226
Total Income $36,541,628


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Uses of Funds as a % of Total Expenses

Programs: 84%  Fund Raising: 6%  Administrative: 9%  Other Expenses: 1%

Total income   $36,541,628
  Program expenses $30,954,306
  Fund raising expenses 2,077,982
  Administrative expenses 3,386,161
  Other Expenses 250,897
Total expenses   $36,669,346
Expenses in Excess of Income   (127,718)
Beginning net assets   43,979,933
Ending net assets   43,841,468
Total liabilities   13,853,747
Total assets   $57,695,215


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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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