2023-07-18T20:31:42-05:00 2022-12-31 BDO USA PA 225 NE MIZNER BLVD SUITE 685 BOCA RATON FL 33432 990 2022-01-01 050594761 YMCA Foundation of South Palm Beach County Inc % GARY FLAKS YMCA 5613959622 2500 N Military Trail Suite 475 Boca Raton FL 33433 Gary Flaks CFO 5613959622 2023-07-12 true Gary Flaks 999009999 JAKE COOK P01240455 5619092100 3 2022 2023-04-26 12:10:37Z X Gary Flaks 2500 N Military Trail Ste 475 Boca Raton FL 33433 4020876 false X WWW.YMCASPBC.ORG X 2004 FL THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY (CONTINUED ON SCHEDULE B) 7 7 0 6 0 0 2225 81727 0 0 36461 45154 0 0 38686 126881 0 0 0 0 0 0 0 0 0 13953 25982 13953 25982 24733 100899 4543710 4437083 0 1065 4543710 4436018 X THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE. EARNINGS FROM THE FUND SUPPORT EXISTING PROGRAM AREAS, (CONTINUED ON SCHEDULE O) false false 0 0 0 THE YMCA FOUNDATION OF SOUTH PALM BEACH COUNTY WAS ESTABLISHED TO PROVIDE A PERMANENT SOURCE OF FUNDING, ALLOWING THE YMCA TO MEET CRITICAL COMMUNITY NEEDS NOW AND IN THE FUTURE. 0 true true false false false false false false false true false false true false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false false false X 7 7 false false false false true true false true true false true true true true true true true true false false false FL X X GARY FLAKS 5613959622 2500 N MILITARY TRAIL SUITE 475 BOCA RATON FL 33431 JASON HAGENSICK PRESIDENT/CEO 1.0 49.0 X 0 276749 35279 GARY FLAKS VICE PRESIDENT/CFO 1.0 49.0 X 0 204229 37957 ROBERT NOBLES CHAIR 1.0 0.0 X X 0 0 0 RANDY NOBLES PAST CHAIR 1.0 0.0 X X 0 0 0 TIMOTHY DEVLIN VICE PRESIDENT 1.0 1.0 X X 0 0 0 CHRISTOPHER B WARREN TREASURER 1.0 1.0 X X 0 0 0 SUSAN HARRIS SECRETARY 1.0 1.0 X X 0 0 0 KENNETH KALEEL BOARD MEMBER 1.0 0.0 X 0 0 0 JACK WARNER BOARD MEMBER 1.0 0.0 X 0 0 0 0 480978 73236 0 false true false 0 81727 81727 0 27167 27167 0 0 0 0 0 3911982 3893995 17987 17987 17987 0 0 0 0 0 0 0 0 0 0 126881 45154 X 0 0 0 0 0 0 0 0 0 0 0 0 1100 1100 0 0 12000 12000 12821 12821 0 0 0 0 0 0 0 0 0 0 0 0 LICENSE FEE 61 0 61 0 25982 0 25982 0 2517 66426 0 2981402 0 217000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1187384 1172255 0 0 3353809 0 4543710 4437083 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1065 0 1065 X 981973 979375 3561737 3456643 4543710 4436018 4543710 4437083 100899 -208591 X X false true X true false X X 1 YOUNG MEN'S CHRISTIAN ASSOCIATION OF SOUTH PALM BEACH COUNTY 591416281 7 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1187384 2966274 4153658 1074508 112876 1187384 945808 128700 1074508 794581 151227 945808 822150 36770 -64339 794581 0.25750 0.74250 false false ENDOWMENT 1172255 F 1172255 0 DUE TO RELATED PARTY 1065 1065 X SCHEDULE D, PART X, LINE 2: The YMCA's endowments consist of individual funds established for a variety of purposes. The endowments are comprised of donor-restricted endowment funds and funds designated by the Board of Directors to function as endowments. As required by U.S. GAAP, net assets with donor restrictions associated with endowment funds are classified and reported based on the existence or absence of donor-imposed restrictions. Earnings on endowments with donor restrictions are included in net assets with donor restrictions until appropriated by the Board of Directors in accordance with the spending policy. One endowment is managed by the YMCA Foundation and contains both donor-restricted funds and board designated funds for the purpose of future endeavors as determined by the board. The other is managed by Community Foundation for Palm Beach and Martin Counties and contains only board designated funds for the purpose of future endeavors as determined by the board. SCHEDULE D, PART X, LINE 2: The YMCA recognizes and measures tax positions based on their technical merit and assesses the likelihood that the positions will be sustained upon examination based on the facts, circumstances and information available at the end of the year. Interest and penalties on tax liabilities, if any, would be recorded in interest expense and other non-interest expense, respectively. There were no uncertain tax positions as of December 31, 2022 and 2021. false false false false false false false false false JASON HAGENSICK PRESIDENT/CEO 0 223932 0 43817 0 9000 0 33210 0 2069 0 312028 0 0 GARY FLAKS VICE PRESIDENT/CFO 0 179197 0 17532 0 7500 0 24507 0 13450 0 242186 0 Schedule J, Part I, Line 3: The volunteer officers of the board of trustees of the YMCA of South Palm Beach County, a related entity, are responsible for reviewing the performance of the CEO and for setting compensation. These are all independent individuals. They are provided with comparability data by the YMCA of the USA as well as recommendations for salary ranges according to the size and scope of the association. FORM 990, PART I, LINE 1 CONTINUED: NEEDS NOW AND IN THE FUTURE. THE FUNDING BENEFITS THE YMCA OF SOUTH PALM BEACH COUNTY AND HELPS FURTHER THE MISSION. THE MISSION OF THE Y IS TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND AND BODY FOR ALL. THE Y'S BRAND PROMISE IS STRENGTHENING THE FOUNDATIONS OF COMMUNITIES. 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 ESSENTIAL ASSETS NEEDED TO LEARN, GROW AND THRIVE. FORM 990, PART III, LINE 1 CONTINUED: PROVIDE FLEXIBILITY IN DEVELOPING PROGRAMS TO RESPOND TO CHANGING COMMUNITY NEEDS FUND IMPROVEMENTS TO KEEP BUILDINGS UP TO CODE, SAFE AND WELCOMING; AND PROVIDE A SAFETY NET IN TIMES OF CRISIS OR ECONOMIC UNCERTAINTY. AS THE NATION'S LEADING NONPROFIT FOR YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY THE Y MUST ENSURE IT CAN CONTINUE TO MAKE MEANINGFUL AND ENDURING COMMUNITY IMPACT NOW AND INTO THE FUTURE. RAPID CHANGES TO A LOCAL ECONOMY MAKE IT EVEN MORE IMPORTANT TO PLAN FOR THE FUTURE STABILITY OF THE Y. LONG-TERM FINANCIAL PLANNING IS A STEWARDSHIP OBLIGATION OF THE LEADERS WHO WERE ELECTED OR HIRED TO MAKE THEIR Y STRONGER DURING THEIR TERM OF INVOLVEMENT. FORM 990, PART VI, SECTION A, LINE 6: Young Men's Christian Association of South Palm Beach County, Inc. is the sole member. FORM 990, PART VI, SECTION A, LINE 7A: The board of directors shall be elected by the sole member, acting through its chairman of trustees. FORM 990, PART VI, SECTION B, LINE 11B: THE COMPLETED FORM 990 IS ELECTRONICALLY PROVIDED TO THE FOUNDATION BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: The conflict of interest policy is monitored and compliance is enforced by the board of directors. Should there arise a question or potential conflict, disclosure is made and procedures are enacted to create transparency. Although not bound by Sarbanes-Oxley, the board generally adheres to those rules. FORM 990, PART VI, SECTION C, LINE 19: ANNUALLY THE CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE PROVIDED TO THE BOARD OF DIRECTORS. THE GOVERNING DOCUMENTS ARE PROVIDED TO THE DIRECTORS WHEN ANY CHANGES ARE MADE. ALL OF THESE DOCUMENTS ARE ON FILE WITH THE YUSA AND ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C: AN AFFILIATED ORGANIZATION HAS A FINANCE COMMITTEE WHICH ACTS AS THE AUDIT COMMITTEE AND IS RESPONSIBLE FOR THE SELECTION OF THE INDEPENDENT AUDITORS AND OVERSIGHT OF THE ANNUAL AUDIT. FORM 990 PART IX LINE 11G DESCRIPTION:CONTRACT SERVICES TOTAL FEES:12821 YMCA OF SOUTH PALM BEACH COUNTY INC 2500 N MILITARY TRAIL STE 475 BOCA RATON FL 33431 591416281 YTH & FAMILY FL 501(C)(3) 7 NA false false false false false false false false false false false false false false true true false false true false