Better Business Bureau Report for
YMCA of Greater Louisville

Better Business Bureau Report issued December 2016
Better Business Bureau Report expires December 2018


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


Find out more about this charity:

Back To Top

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
Back To Top

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. The YMCA of Greater Louisville and the YMCA of Southern Indiana merged on January 1, 2016 under the name of the YMCA of Greater Louisville.

Back To Top

Evaluation Conclusions

              

YMCA of Greater Louisville meets the 20 Standards for Charity Accountability.
Back To Top

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, 2015, YMCA of Greater Louisville's program expenses were:

  
Program Services 36,147,053
Total Program Expenses: $36,147,053
Back To Top

Governance

              

Chief Executive : R. Stephen Tarver, President & CEO
Compensation*: 
$304,367

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

Board Size: 23

Paid Staff Size: 2115

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Back To Top

Fund Raising

              

Method(s) Used:

Direct mail, invitations to fund raising events, grant proposals, internet, planned giving arrangements.

In addition, this organization of a Metro United Way agency.

Fund raising costs were 16% of related contributions. (Related contributions, which totaled $3,071,709, are donations received as a result of fund raising activities.)
Back To Top

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.
Back To Top

Financial

              

The following information is based on YMCA of Greater Louisville's audited financial statements for the fiscal year ended December 31, 2015.

Ending net assets as reported below include $44,638,294 in unrestricted net assets, $4,146,761 in temporarily restricted net assets, and $1,342,218 in permanently restricted net assets.

Unrestricted net assets include $17,915,935 in Board designated reserves, $2,959,816 in a Board designated endowment, and $23,762,543 in undesignated assets.

Total assets as reported include $45,410,571 invested in property and equipment, net.


Source of Funds  
Membership 18,318,158
Programs 17,032,911
Govt Grants 4,746,917
Contributions 1,176,725
In-kind Donations 856,358
Metro United Way 650,442
Other Grants 320,069
Investments Inc 213,912
Sales of Merch 97,820
Special Events 68,115
All other -669,552
Total Income $42,811,875


chart



Uses of Funds as a % of Total Expenses

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

Total income $42,811,875
Program expenses $36,147,053
Fund raising expenses 501,792
Administrative expenses 5,052,099
Total expenses $41,700,944
Income in Excess of Expenses 1,110,931
Beginning net assets 49,016,342
Ending net assets 50,127,273
Total liabilities 21,215,280
Total assets $71,342,553


Back To Top

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.

Send to:



What is an Accredited Charity