Better Business Bureau Report for
YMCA of Greater Louisville

Better Business Bureau Report issued December 2014
Better Business Bureau Report expires December 2016


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, the organization's 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, 2013, YMCA of Greater Louisville's program expenses were:

  
Program Expense 34,996,231
Total Program Expenses: $34,996,231
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Governance

              

Chief Executive : R. Stephen Tarver, President & CEO
Compensation*: 
$270,000

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

Board Size: 29

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, internet appeals, planned giving arrangements, and membership.

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


Fund raising costs were 5% of related contributions. (Related contributions, which totaled $9,071,528, 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 Louisville's audited financial statements - consolidated for the fiscal year ended December 31, 2013.

Ending net assets as reported below include $40,925,321 in unrestricted net assets , $3,242,791 in temporarily restricted net assets, and $1,337,133 in permanently restricted net assets.

Unrestricted net assets include $15,642,646 in Board designated reserves, $3,011,691 in a Board designated endowment, and $22,270,984 in undesignated assets.

Total assets as reported include $44,603,884 invested in property and equipment, net.





Source of Funds  
Membership 17,881,240
Program Fees 15,936,173
Gov Grants 4,574,639
Contribuions 3,228,055
Metro United Way 688,262
Change in fair value of derivative financial instruments 653,143
Net realized and unrealized gain on investments 599,393
Other grants 328,927
Garage and rental income 295,548
In kind 211,183
Investments 134,137
Sales of merchandise 114,490
Special Events 40,462
Misc 19,393
Loss on impairment of building -120,000
Total Income $44,585,045


chart



Uses of Funds as a % of Total Expenses

Programs: 88%  Fund Raising: 1%  Administrative: 11% 

Total income $44,585,045
Program expenses $34,996,231
Fund raising expenses 429,286
Administrative expenses 4,429,713
Total expenses $39,855,230
Income in Excess of Expenses 4,729,815
Beginning net assets 40,693,573
Other Changes in Net Assets 81,857
Ending net assets 45,505,245
Total liabilities 27,231,102
Total assets $72,736,347


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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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