2025-06-13T10:09:21+00:00 2024-12-31 381357951 Plante & Moran PLLC PO Box 307 Southfield MI 480370307 990 2024-01-01 300187652 YMCA Foundation YMCA 3132675300 1401 Broadway Suite 3A Detroit MI 48226 Michelle Kotas Chief Financial Officer 3132232495 2025-06-13 true Amy Ciminello P00769388 2483522500 2025-06-13 2024 2025-03-06 01:10:19Z PARRISH UNDERWOOD 1401 Broadway Suite 3A Detroit MI 48226 4334418 false X N/A X 2002 MI TO SUPPORT PROGRAMS AND ACTIVITIES DESIGNED TO ENHANCE CHARACTER, EDUCATION, COMMUNITY DEVELOPMENT, ARTS AND CULTURE, HEALTH, AND SOCIAL SERVICES FOR CHILDREN, FAMILIES AND COMMUNITIES, PRINCIPALLY THOSE CONDUCTED BY THE YMCA. 10 8 0 8 0 1246000 0 0 209888 598938 0 1455888 598938 366368 0 0 0 0 35797 39035 35797 405403 1420091 193535 7480131 7769369 0 0 7480131 7769369 THE YMCA FOUNDATION (THE "FOUNDATION") IS A SUPPORTING ORGANIZATION WHICH SUPPORTS PROGRAMS AND SERVICES ALIGNED WITH THE CHARITABLE PURPOSES OF THE YMCA OF METROPOLITAN DETROIT ("YMCA"), A SECTION 501(C)(3) ORGANIZATION WHICH QUALIFIES AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI) OF THE CODE, AND OTHER PUBLIC CHARITIES THAT ARE CLOSELY RELATED IN PURPOSE OR FUNCTION TO THE YMCA. THE FOUNDATION SUPPORTS PROGRAMS AND ACTIVITIES DESIGNED TO ENHANCE CHARACTER, EDUCATION, COMMUNITY DEVELOPMENT, ARTS AND CULTURE, HEALTH, AND SOCIAL SERVICES FOR CHILDREN, FAMILIES AND COMMUNITIES, PRINCIPALLY THOSE CONDUCTED BY THE YMCA. false false 366368 366368 FUNDS FROM THE YMCA FOUNDATION SUPPORT A MYRIAD OF YMCA BRANCH PRIORITIES FROM CAMPING SCHOLARSHIPS AT CAMP OHIYESA AND NISSOKONE, TO DAY CAMP SCHOLARSHIPS AT MULTIPLE BRANCHES ACROSS SOUTHEAST MICHIGAN TO THE Y-ACHIEVERS PROGRAMMING SERVING THE CITY OF DETROIT AND OTHER COMMUNITIES. DESIGNATED GIFTS TO SEVERAL YMCA BRANCHES SUPPORT SPECIFIC PROGRAMS SUCH AS YMCA SWIM TEAMS AND LITERACY INITIATIVES IN ACCORDANCE WITH THE WISHES OF THE ORIGINAL DONORS. 366368 true true false false false false false false false true false true false false false true false true false false false false false false false false false true false true false false false false false false false false false false false false false false false true false false false false true 0 0 0 false false false false false false false false X 10 8 false false false false false true false true true false false false true true true true true true false false false false MI X X Michelle Kotas 3132675300 1401 Broadway Suite 3A Detroit MI 48226 Anthony P Cracchiolo Chair 2.0 2.0 X X 0 0 0 Michelle Kotas Treasurer 5.0 50.0 X X 0 171134 32845 Parrish Underwood President 5.0 50.0 X X 0 246746 7795 Andrew A Dincolo Board Member 1.0 0.0 X 0 0 0 Gregory C Hamilton Board Member 1.0 0.0 X 0 0 0 Harold Dubrowsky Board Member 1.0 0.0 X 0 0 0 John C Carter Board Member 2.0 2.0 X 0 0 0 Marita S Grobbel Board Member 2.0 2.0 X 0 0 0 Michael E McInerney Board Member 2.0 2.0 X 0 0 0 Richard Aginian Board Member 1.0 0.0 X 0 0 0 0 417880 40640 0 false true false 0 0 0 0 0 0 0 0 0 0 0 0 0 414714 414714 0 0 3919704 3735480 184224 0 184224 184224 0 0 0 0 0 0 598938 0 0 598938 366368 366368 0 0 39035 39035 0 0 0 0 0 0 0 0 405403 366368 39035 0 410532 92580 0 0 0 0 0 0 0 0 6079621 6632082 989978 1044707 0 0 0 7480131 7769369 0 0 0 0 0 0 0 0 0 0 0 0 3989490 4272370 3490641 3496999 7480131 7769369 7480131 7769369 193535 95703 0 X false true true false X X 1 YMCA OF METROPOLITAN DETROIT 381358055 7 true 366368 0 1 366368 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 7480131 0 694641 366368 0 39035 7769369 5621183 1246000 648745 0 0 35797 7480131 6609769 26000 -983245 0 31341 5621183 7333977 0 810795 1500000 0 35003 6609769 7330474 0 735265 700000 0 31762 7333977 0.55 0.45 0.0 true false Closely-held equity interests Financial derivatives ALTERNATIVE INVESTMENTS 1044707 F 1044707 0 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds THE ENDOWMENT FUND OF THE YMCA OF METROPOLITAN DETROIT SUPPORTS A MYRIAD OF YMCA BRANCH PRIORITIES FROM CAMPING SCHOLARSHIPS AT CAMP OHIYESA AND NISSOKONE, TO DAY CAMP SCHOLARSHIPS AT MULTIPLE BRANCHES ACROSS SOUTHEAST MICHIGAN TO THE Y- ACHIEVERS PROGRAMMING SERVING THE CITY OF DETROIT AND OTHER COMMUNITIES. DESIGNATED GIFTS TO SEVERAL YMCA BRANCHES SUPPORT SPECIFIC PROGRAMS SUCH AS YMCA SWIM TEAMS AND LITERACY INITIATIVES IN ACCORDANCE WITH THE WISHES OF THE ORIGINAL DONORS. THE ENDOWMENT IS HELD BY THE YMCA FOUNDATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ASSOCIATION IS AN ORGANIZATION DESCRIBED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(3) AND, AS SUCH, IS EXEMPT FROM TAXATION UNDER IRC SECTION 501(A). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ASSOCIATION AND RECOGNIZE A TAX LIABILITY IF THE ASSOCIATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2024, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO DECEMBER 31, 2021. true YMCA OF METROPOLITAN DETROIT 1401 BROADWAY SUITE 3A DETROIT MI 48226 381358055 501(c)(3) 366368 THE FUNDS GRANTED TO THE YMCA REPRESENT THE ANNUAL AMOUNT THE FOUNDATION BOARD APPROVES AS THE ANNUAL ALLOCATION TO SUPPORT GENERAL OPERATIONS. THIS AMOUNT IS TRANSFERRED TO THE YMCA AS A QUARTERLY PAYOUT. THE AMOUNT IS FURTHER ALLOCATED TO BRANCHES TO SUPPORT VARIOUS PROGRAMMING INITIATIVES, SUCH AS OUTREACH, DAY CAMP, SWIM TEAMS, AND LITERACY INITIATIVES. 1 0 Schedule I, Part II, Line 1(h) PURPOSE OF GRANT OR ASSISTANCE YMCA OF METROPOLITAN DETROIT: THE FUNDS GRANTED TO THE YMCA REPRESENT THE ANNUAL AMOUNT THE FOUNDATION BOARD APPROVES AS THE ALLOCATION TO SUPPORT GENERAL OPERATIONS AND VARIOUS PROGRAMMING INITIATIVES. THIS AMOUNT IS TRANSFERRED TO THE YMCA ON AN AS NEEDED BASIS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE FUNDS GRANTED TO THE YMCA REPRESENT THE ANNUAL AMOUNT THE FOUNDATION BOARD APPROVES AS THE ANNUAL ALLOCATION TO SUPPORT GENERAL OPERATIONS. THIS AMOUNT IS TRANSFERRED TO THE YMCA ON AN AS NEEDED BASIS. THE AMOUNT IS FURTHER ALLOCATED TO BRANCHES TO SUPPORT VARIOUS PROGRAMMING INITIATIVES, SUCH AS OUTREACH, DAY CAMP, SWIM TEAMS, AND LITERACY INITIATIVES. false false false false false false false false false Michelle Kotas Treasurer 0 152783 0 0 0 18351 0 17254 0 15591 0 203979 0 0 Parrish Underwood President 0 245336 0 0 0 1410 0 6500 0 1295 0 254541 0 0 Schedule J, Part I, Line 3 EXECUTIVE COMPENSATION IS PAID AND ESTABLISHED BY A RELATED ORGANIZATION, THE YMCA OF METROPOLITAN DETROIT. THE YMCA OF METROPOLITAN DETROIT'S EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE ORGANIZATION'S CEO/PRESIDENT. THE CEO/PRESIDENT IS NOT INVOLVED IN THE REVIEW OR APPROVAL OF HIS OR HER OWN COMPENSATION. THE EXECUTIVE COMMITTEE MET AFTER THE END OF THE YEAR TO COMPLETE A PERFORMANCE EVALUATION AND DETERMINE COMPENSATION. DATA FOR COMPARABLE COMPENSATION FOR CEO'S OF SIMILAR SIZED YMCA'S WAS OBTAINED DURING THE REVIEW PROCESS FROM Y-USA. LEGAL COUNSEL IS ALSO CONSULTED, IF NECESSARY. THE EXECUTIVE COMMITTEE PROVIDES THE ORGANIZATION WITH WRITTEN INSTRUCTIONS REGARDING THE COMPENSATION AND BONUS TO BE PAID TO THE CEO/PRESIDENT. Form 990, Part VI, Line 15 COMPENSATION THE FOUNDATION'S TOP MANAGEMENT OFFICIAL AND OTHER OFFICERS ARE NOT COMPENSATED BY THE REPORTING ORGANIZATION. THE REPORTING ORGANIZATION RELIES ON THE YMCA OF METROPOLITAN DETROIT, A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THESE INDIVIDUALS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body A MAJORITY OF THE MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED OR APPOINTED BY THE YMCA OF METROPOLITAN DETROIT. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE YMCA OF METROPOLITAN DETROIT. A DRAFT VERSION OF THE FORM 990 IS THEN EMAILED TO ALL BOARD MEMBERS. THE BOARD MEMBERS ARE GIVEN A SPECIFIC NUMBER OF DAYS IN WHICH TO RESPOND WITH ANY QUESTIONS OR COMMENTS. AFTER THE COMPLETION OF THE AUDIT COMMITTEE REVIEW AND THE BOARD REVIEW THE FORM 990 IS FILED. Form 990, Part VI, Line 12c Conflict of interest policy THE CONFLICT OF INTEREST POLICY IS REQUIRED TO BE COMPLETED ANNUALLY. THROUGHOUT THE YEAR BOARD MEMBERS ARE REMINDED THAT IF A NEW CONFLICT ARISES TO NOTIFY THE ORGANIZATION IMMEDIATELY. STAFF REVIEW ALL CONFLICT OF INTEREST POLICIES AND DOCUMENT POTENTIAL CONFLICTS AND FOLLOW UP AS NECESSARY. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part VIII, Line 2f Other Program Service Revenue - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; - Total Revenue: , Related or Exempt Function Revenue: , Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XII, Line 2c AUDIT OVERSIGHT THE FOUNDATION'S FINANCIAL INFORMATION IS INCLUDED IN THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN DETROIT AND SUBSIDIARY AND AFFILIATE'S AUDITED FINANCIAL STATEMENTS. THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF METROPOLITAN DETROIT'S AUDIT COMMITTEE OVERSEES THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. YMCA OF METROPOLITAN DETROIT 1401 BROADWAY SUITE 3A DETROIT MI 48226 381358055 TO BUILD STRONG KIDS, STRONG FAMILIES, AND STRONG COMMUNITIES MI 501(c)(3) 7 NA false false true false false false false false false false false false false false true true false false false false