2024-07-16T11:05:23-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 1 HIGHWOOD DRIVE TEWKSBURY MA 01876 990 2023-01-01 042104398 GREATER LOWELL FAMILY YMCA GREA 9784547825 35 YMCA DRIVE LOWELL MA 01852 KEVIN MORRISSEY CHIEF EXECUTIVE OFFICER 9784547825 2024-07-15 1 KEVIN MORRISSEY 999009999 1 MATTHEW KALIL CPA MBA P01517069 9785575300 2024-07-15 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z KEVIN MORRISSEY 35 YMCA DRIVE LOWELL MA 01852 6265963 0 X GREATERLOWELLYMCA.ORG X 1868 MA THE GREATER LOWELL FAMILY YMCA'S MISSION IS TO STRENGTHEN OUR COMMUNITY BY SUPPORTING YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY FOR ALL THROUGH PROGRAMS INFLUENCED BY OUR CORE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY 18 18 288 47 0 0 1751431 1952431 3378036 4216047 42350 50835 27815 33227 5199632 6252540 0 0 0 0 3163265 3388036 0 0 20406 1680285 2111551 4843550 5499587 356082 752953 10924042 11867480 3588649 3517174 7335393 8350306 THE GREATER LOWELL FAMILY YMCA'S MISSION IS TO STRENGTHEN OUR COMMUNITY BY SUPPORTING YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY FOR ALL THROUGH PROGRAMS INFLUENCED BY OUR CORE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY. 0 0 2210314 2215909 YOUTH DEVELOPMENT - OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS PRE-SCHOOL, SCHOOL AGE CHILD CARE, SUMMER DAY CAMPS, AND AQUATIC PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE TOTALING $144,842 MAKING PARTICIPATION POSSIBLE FOR THE YOUNG PEOPLE WE ENGAGE. 2157471 1862748 HEALTHY LIVING - THE Y IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, 5,378 PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2023 WE PROVIDED $46,224 IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE MAY NOT HAVE BEEN ABLE TO AFFORD TO PARTICIPATE. 40740 137390 SOCIAL RESPONSIBILITY OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 149 YEARS. Y PROGRAMS, SUCH AS LIVESTRONG, PRAESIDIUM, PARKINSONS AND OUR FOOD DRIVES/DONATIONS ARE EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS AND OVERCOME OBSTACLES. OUR GOAL IS TO SERVE 20% OF THE POPULATION IN OUR SERVICE AREA. 4408525 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 288 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 MA X KEVIN MORRISSEY AND ADELE TSOUKARIS 9784547825 35 YMCA DRIVE LOWELL MA 018524005 KELLI CRANE DIRECTOR (UNTIL JAN '23) 1.50 X 0 0 0 CHRISTOPHER HILL DIRECTOR (SINCE JAN '23) 1.50 X 0 0 0 RUBY CARNEVALE DIRECTOR (SINCE APR '23) 1.50 X 0 0 0 ADAM BISPHAM DIRECTOR (SINCE APR '23) 1.50 X 0 0 0 ERIC ALLEN DIRECTOR 1.50 X 0 0 0 CHRISTOPHER DICK DIRECTOR 1.50 X 0 0 0 RICHARD DIONNE DIRECTOR 1.50 X 0 0 0 JOHN DONOVAN DIRECTOR 1.50 X 0 0 0 THOMAS D KENNEDY DIRECTOR (UNTIL MAY '23) 1.50 X 0 0 0 CAITLIN LANDRY DIRECTOR 1.50 X 0 0 0 BONNIE LOMBARDO DIRECTOR 1.50 X 0 0 0 CECILIA LYNCH DIRECTOR 1.50 X 0 0 0 JOHN MANGIARATTI DIRECTOR 1.50 X 0 0 0 JAMES A SULLIVAN JR DIRECTOR 1.50 X 0 0 0 JENNIFER RIVERA-CINTRON CLERK 1.50 X X 0 0 0 KATE DAME VICE-CHAIRPERSON 1.50 X X 0 0 0 DAVID KELLEHER CHAIRMAN 1.50 X X 0 0 0 BRIAN BULLOCK TREASURER 1.50 X X 0 0 0 KEVIN MORRISSEY CHIEF EXECUTIVE OFFICER 40.00 X 143156 0 41982 143156 0 41982 1 0 1 0 DAVE'S CONTRACTING INC 119 DRUM HILL ROAD CHELMSFORD MA 01824 CONTRACTOR SERVICES 116600 1 38244 1114557 799630 1952431 PROGRAM REVENUE 813410 4216047 4216047 4216047 50835 50835 11559 0 11559 11559 11559 13423 38244 13423 0 MERCHANDISE 813410 21668 21668 21668 6252540 4216047 0 84062 185982 169671 16311 2676236 2422500 251375 2361 114040 67794 46021 225 172242 104680 67552 10 239536 197029 41008 1499 40575 40575 10828 10828 27479 9096 18383 371078 356721 14357 100080 99988 92 71708 71708 110569 110569 394488 386598 7890 92646 92646 PURCHASED AND CONTRACT 387522 133636 253886 SUPPLIES 379683 284161 95522 OTHER EXPENSES 71993 57418 14575 BAD DEBT 29834 29834 23068 13981 9087 5499587 4408525 1070656 20406 972374 634023 361663 1820469 519893 23118 182818 214429 81115 106060 11912783 4693461 7038359 7219322 1718993 1775217 2811 2811 46016 72031 10924042 11867480 160679 145425 148050 165256 2233904 2134462 1046016 1072031 3588649 3517174 X 7210393 8350306 125000 0 7335393 8350306 10924042 11867480 752953 261960 0 X X 0 1 X 1 0 X 1809445 2014344 3482422 1751431 1952431 11010073 3257400 1384084 2228795 3378036 4216047 14464362 5066845 3398428 5711217 5129467 6168478 25474435 15510 5000 6400 26910 0 15510 5000 6400 26910 25447525 46652 36572 31296 36874 62394 213788 46652 36572 31296 36874 62394 213788 41359 23731 22548 27815 21668 137121 5154856 3458731 5765061 5194156 6252540 25825344 0.98540 0.98480 0.00830 0.00850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 647424 104281 751705 693075 160546 -206197 647424 620642 72433 693075 553149 67493 620642 467788 85361 553149 1.00000 0 0 961367 961367 9737924 3916785 5821139 1171316 734500 436816 42176 42176 0 7219322 CONTINGENT GRANT 1000000 OPERATING LEASE RIGHT-OF-USE ASSET 72031 1072031 X 6517095 261960 13423 275383 6241712 10828 10828 6252540 5502182 13423 13423 5488759 10828 10828 5499587 PART V, LINE 4: THE YMCA'S ENDOWMENT IS DESIGNATED BY THE BOARD OF DIRECTORS AND IS TO SUPPORT THE OPERATIONS OF THE YMCA. PART X, LINE 2: THE ORGANIZATION IS A NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON TRADE OR BUSINESS PROFITS GENERATED BY ACTIVITIES RELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. THE ORGANIZATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES FOR PROFITS GENERATED FROM TRADE OR BUSINESS ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT FUNCTION. AS OF DECEMBER 31, 2023 MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS NOT GENERATED ANY UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION ASSESSES THE RECORDING OF UNCERTAIN TAX POSITIONS BY EVALUATING THE MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT REQUIREMENTS A TAX POSITION MUST MEET BEFORE BEING RECOGNIZED AS A BENEFIT IN THE FINANCIAL STATEMENTS. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ACCRUED ON ANY UNCERTAIN TAX POSITIONS AS A COMPONENT OF INCOME TAX EXPENSE, IF ANY, IN ITS STATEMENTS OF ACTIVITIES. THE ORGANIZATION HAS NOT RECOGNIZED ANY LIABILITIES FOR UNCERTAIN TAX POSITIONS OR UNRECOGNIZED BENEFITS AS OF DECEMBER 31, 2023. THE ORGANIZATION DOES NOT EXPECT ANY MATERIAL CHANGE IN UNCERTAIN TAX BENEFITS WITHIN THE NEXT 12 MONTHS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 13,423. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 13,423. TAILGATE 51667 38244 13423 13423 51667 38244 13423 13423 13423 0 X X X X 0 0 0 0 0 0 0 0 0 KEVIN MORRISSEY CHIEF EXECUTIVE OFFICER 139156 0 4000 0 0 0 14990 0 26992 0 185138 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2020-06-01 2352000 TO SUPPORT THE CONSTRUCTION OF A CHILDCARE FACILITY. 0 0 0 A 2352000 73665 2278335 0 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 0 0 0 0 0 0 A 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE ORGANIZATION'S FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE IN DETAIL AND THEN PRESENTED TO THE ENTIRE BOARD OF DIRECTORS FOR COMMENT AND REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS MONITORED BY THE BOARD OF DIRECTORS AND THE EXECUTIVE DIRECTOR. ALL APPLICABLE PARTIES ARE REQUIRED TO ANNUALLY CERTIFY COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE EXECUTIVE DIRECTOR'S COMPENSATION LEVEL IS BASED ON A THOROUGH PERFORMANCE EVALUATION AND BY COMPARISON TO OTHER YMCA ORGANIZATIONS' COMPENSATION LEVELS AS SUPPLIED BY NATIONAL YMCA OFFICE. THE WORK OF THE COMPENSATION COMMITTEE IS DOCUMENTED IN WRITING. THE EXECUTIVE DIRECTOR RECOMMENDS SALARY LEVELS FOR OTHER EMPLOYEES THAT ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS AS A PART OF THE ANNUAL BUDGET APPROVAL POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT FOR THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED DURING THE YEAR.