2024-11-05T07:13:24-06:00 2023-12-31 882730877 CHERRY BEKAERT ADVISORY LLC 1075 PEACHTREE STREET NE SUITE 1600 ATLANTA GA 30309 990 2023-01-01 882135482 ATLANTA YMCA YOUNG QALICB INC C/O LAUREN KOONTZ ATLA 4045889622 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 LAUREN KOONTZ PRESIDENT & CEO 4045889622 2024-11-01 1 1 MELANIE MCPEAK P01346034 4042090954 2023 2024-10-15 13:58:12Z LAUREN KOONTZ 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 97792 0 X WWW.YMCAATLANTA.ORG X 2022 GA YMCA YOUNG QALICB, INC. EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA, INC. (THE "YMCA OF METRO ATLANTA"). 5 2 0 2 0 0 0 0 0 0 0 97792 0 0 0 97792 0 0 0 0 0 0 0 0 0 32132 214484 32132 214484 -32132 -116692 9800000 10411830 9832132 10560654 -32132 -148824 X YMCA YOUNG QALICB, INC. EXISTS TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA, INC. (THE "YMCA OF METRO ATLANTA"). ITS ACTIVITIES WILL INCLUDE ACQUIRING, DEVELOPING, IMPROVING, MAINTAINING AND LEASING TO THE YMCA OF METRO ATLANTA CERTAIN REAL PROPERTY AND IMPROVEMENTS LOCATED IN ATLANTA, GEORGIA. IT WILL ALLOW, HELP, AND ENABLE THE YMCA TO EFFICIENTLY FINANCE VARIOUS PROJECTS IN THE YOUNG AREA OF ATLANTA, GEORGIA. NEW MARKET TAX CREDITS UNDER SECTION 45D OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED HAVE ALLOWED YMCA YOUNG QALICB TO PURCHASE, DEVELOP AND/OR IMPROVE AN EARLY CHILDHOOD EDUCATION CENTER THAT WILL SERVE TO FURTHER THE YMCA OF METRO ATLANTA'S MISSION OF REFLECTING ITS JUDEO-CHRISTIAN HERITAGE, BY BEING AN ASSOCIATION OF VOLUNTEERS, MEMBERS AND STAFF OPEN TO AND SERVING ALL, PROVIDING PROGRAMS AND SERVICES WHICH DEVELOP SPIRIT, MIND AND BODY. 0 0 CONSTRUCTION OF A FACILITY FOR THE USE OF YMCA OF METRO ATLANTA COMMENCED IN 2023 AND IS EXPECTED TO BE COMPLETED IN 2024. 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 GA X LAUREN KOONTZ 4045889622 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 JEFFREY KOWALCZYK DIRECTOR 1.00 2.00 X 0 4856 0 MARK MANCAO VP OF ACCOUNTING 1.00 40.00 X 0 173607 8976 DAN PILE DIRECTOR 1.00 0.00 X 0 0 0 LAUREN KOONTZ CHIEF EXECUTIVE OFFICER 1.00 42.00 X 0 483029 36068 PAUL NGUYEN CHIEF FINANCIAL OFFICER 1.00 42.00 X 0 293271 24338 0 954763 69382 0 0 1 0 0 97792 97792 97792 0 0 97792 X 68 68 62063 62063 102930 102930 47956 47956 1445 1445 DEBT FEES 22 22 214484 0 214484 0 9188246 4586785 611754 5825045 0 0 5825045 9800000 10411830 32132 1319218 9800000 9241436 9832132 10560654 X -32132 -148824 -32132 -148824 9800000 10411830 -116692 0 X 0 1 X 1 0 X X 1 YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA 580566253 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 5825045 5825045 5825045 X PART X, LINE 2: THE YMCA AND ITS SUBSIDIARIES ARE NOT-FOR-PROFIT ORGANIZATIONS THAT ARE EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). ADDITIONALLY, THEY ARE NOT PRIVATE FOUNDATIONS PURSUANT TO IRC SECTION 509(A)(1). THE ASSOCIATION UTILIZES THE ACCOUNTING REQUIREMENTS ASSOCIATED WITH UNCERTAINTY IN INCOME TAXES USING THE PROVISIONS OF FASB ASC 740, INCOME TAXES. USING THAT GUIDANCE, TAX POSITIONS INITIALLY NEED TO BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS WHEN IT IS MORE LIKELY-THAN-NOT THE POSITIONS WILL BE SUSTAINED UPON EXAMINATION BY THE TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN POSITIONS THAT REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS. ADDITIONALLY, NO PROVISION FOR INCOME TAXES IS REFLECTED IN THESE CONSOLIDATED FINANCIAL STATEMENTS. INTEREST AND PENALTIES WOULD BE RECOGNIZED AS TAX EXPENSE; HOWEVER, THERE IS NO INTEREST OR PENALTIES RECOGNIZED IN THE CONSOLIDATED STATEMENTS OF ACTIVITIES. X X 0 0 0 0 0 0 0 0 0 LAUREN KOONTZ CHIEF EXECUTIVE OFFICER 0 440529 0 42500 0 0 0 26400 0 9668 0 519097 0 0 PAUL NGUYEN CHIEF FINANCIAL OFFICER 0 268271 0 25000 0 0 0 7615 0 16723 0 317609 0 0 MARK MANCAO VP OF ACCOUNTING 0 158607 0 15000 0 0 0 0 0 8976 0 182583 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CHIEF FINANCIAL OFFICER AND THE VICE PRESIDENT PERFORM A DETAILED REVIEW OF THE 990. QUESTIONS OR COMMENTS ARE ADDRESSED AND RESOLVED PRIOR TO THE FILING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS AND SENIOR STAFF RECEIVE THE CONFLICT-OF-INTEREST FORM AND QUESTIONNAIRE ANNUALLY. THEY RETURN THEM TO THE CFO WHO REVIEWS AND COMPILES A REPORT FOR THE FINANCE/AUDIT COMMITTEE. POTENTIAL CONFLICTS ARE DISCUSSED AND RESOLVED BY THE COMMITTEE. THE FINANCE/AUDIT COMMITTEE CHAIR THEN REPORTS TO THE FULL BOARD WITH ANY FINDINGS AND RESOLUTIONS. BOARD MEMBERS RECUSE THEMSELVES FROM DISCUSSIONS AND ABSTAIN FROM VOTING WHEN THEY HAVE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE YMCA YOUNG QALICB, INC. 990, AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS STATEMENT ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G SERVICE CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 62,063. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 62,063. YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 580566253 PROJECTS GA 501(C)(3) LINE 10 N/A 0 ATLANTA YMCA WESTSIDE QALICB INC 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 822266076 PROJECTS GA 501(C)(3) LINE 12A, I YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA 0 ATLANTA YMCA WOODSON PARK QALICB INC 569 MARTIN LUTHER KING JR DR NW ATLANTA GA 30314 842247928 PROJECTS GA 501(C)(3) LINE 12A, I YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN ATLANTA 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0