The Granite YMCA FY2023 filing

Tax-deductible

Manchester, NH501(c)(3)Since 1854EIN 02-0222248Revenue $25.1M in FY2023

On file with the IRSgraniteymca.org670 North Commercial St Ste 103, 03101-1188 · Manchester, NHTax-exempt since Jan 1938Publicly supported — 509(a)(2)

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Creating a community built on healthy lifestyles, compassion, honesty, and responsibility.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$593K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $778K a year · 3% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$593K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $412K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$11.0M
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
25
of 26 voting members
Looks good: 25 of 26 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$25.1M
+2% vs prior year
Spent
$24.6M
To programs
93%
Net assets
$36.5M
By yearFY2021–FY2025
Revenue
$25.1M
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2021$18.2M
FY2022$24.7M
FY2023$25.1M
FY2024$26.5M
FY2025$30.2M
Expenses
$24.6M
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2021$15.9M
FY2022$22.0M
FY2023$24.6M
FY2024$28.9M
FY2025$29.4M
Net assets
$36.5M
FY2023▲ +11%
Tap a bar for its year
Net assets by fiscal year
FY2021$28.4M
FY2022$32.8M
FY2023$36.5M
FY2024$36.7M
FY2025$37.0M

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1938.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $22.9M Management & general 5% · $1.3M Fundraising 2% · $426K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

34 people listed on the 990; $593K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President/CEO
$231,776Pt VII · Sec A
$154,211Pt VII · Sec A
VP of Fin. Development (end Dec 22)
$104,867Pt VII · Sec A
District VP
$102,065Pt VII · Sec A
Trustee (end Nov 22)
$0Pt VII · Sec A
Trustee (ex-Officio) (start Jan 23)
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee (ex-Officio)
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Michele Sheppard$220,655$212,236$231,776$124,478$137,991
David Ports———$179,218$193,098
Kathy Kittle$148,275$150,257$154,211$42,929—
Ryan Gadow$150,480$143,113———
Matthew Hanson$111,874$102,021———
Tom Archer————$107,517
Elizabeth Pinard—$106,108———
John Ristaino——$104,867——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Granite YMCA executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Fosters healthy lifestyles and community through compassion, honesty, and responsibility.

Provided by the organization

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3 programs · $22.9M · in their own filed words · FY2022
01

Youth Development

The Y recognizes and celebrates its role as a major service provider in childhood and youth development. The Y is committed to increasing opportunities for youth to deepen values and build positive assets. All youth programs reinforce The Y's core values of honesty, respect, caring and responsibility.

$17.6Mprogram expense
02

Healthy Living

we know that 90% of any one person's health is directly related to where they are born, live, learn, work, and grow old. The social determinants of health, such as economic stability, neighborhood and physical environment, education, health food, community and social integration, and quality health care, can either provide smooth…

$4.1Mprogram expense
03

Social Responsibility

The Y acts as a community partner whenever possible to address critical community needs. A number of our communities have experienced a significantly higher percentage of school dropouts and school failures than other communities in the state.

$1.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 10 funders →
Grants paid · 9 grants · $4.5M · 2022–2024
Unitemized GrantFY2024$659,542
Unitemized GrantFY2024$518,331
Unitemized GrantFY2024$418,451
Unitemized GrantFY2023$535,563
Unitemized GrantFY2023$508,789
Unitemized GrantFY2023$482,121
Unitemized GrantFY2022$611,015
Unitemized GrantFY2022$415,973
Unitemized GrantFY2022$360,306

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$25.1M
Ln 12
Fees for servicesLn 2g$20.0M
Gifts and grantsLn 1h$3.8M
Investment incomeLn 3$1.0M
Money outPt IX
$24.6M
Ln 25
Programscol B$22.9M
Managementcol C$1.3M
Fundraisingcol D$426K
Owns and owesPt X
$36.5M
net assets · Ln 32
Cash and savingsLn 1–2$4.7M
Total assetsLn 16$47.4M
LiabilitiesLn 26$11.0M
PeoplePt VI, VII
34
listed · VII A
PaidVII A4
Voting boardVI 1a26
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.8M
Government grantsLn 1e$2.7M
Noncash giftsLn 1g$5K
Fees for servicesLn 2g$20.0M
Investment incomeLn 3$1.0M
Other incomeLn 4–11$246K
Gains on assetsLn 7$614K
Total revenueLn 12$25.1M
Assets in detailPt X, end of year
CashLn 1$3.9M
SavingsLn 2$816K
Cash and savings togetherLn 1–2$4.7M
InvestmentsLn 11–13$16.1M
Land, buildings, equipmentLn 10c$22.0M
Other assetsLn 15$2.7M
Total assetsLn 16$47.4M
LiabilitiesLn 26$11.0M
Net assetsLn 32$36.5M
OperationsPt I, VI
EmployeesI 51,157
VolunteersI 6940
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7.8M$4.7M
InvestmentsLn 11–13$14.7M$16.1M
Land, buildings, equipmentLn 10c$16.0M$22.0M
Total assetsLn 16$42.2M$47.4M
LiabilitiesLn 26$9.4M$11.0M
Net assetsLn 32$32.8M$36.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$435K$405K$20K$9K
Other salaries and wagesLn 7$12.5M$11.7M$571K$269K
Pension plan contributionsLn 8$523K$478K$32K$14K
Other employee benefitsLn 9$1.1M$1.0M$56K$25K
Payroll taxesLn 10$928K$872K$38K$18K
Legal feesLn 11b$44K$44K
Accounting feesLn 11c$16K$16K
Investment management feesLn 11f$69K$69K
Other fees for servicesLn 11g$858K$717K$121K$19K
Advertising and promotionLn 12$77K$74K$756$2K
Office expensesLn 13$1.5M$1.4M$64K$33K
Information technologyLn 14$277K$180K$91K$6K
OccupancyLn 16$2.0M$1.9M$139K$23K
TravelLn 17$181K$180K$640
Conferences, conventions and meetingsLn 19$256K$213K$36K$7K
InterestLn 20$161K$161K$393$26
Depreciation, depletion and amortizationLn 22$1.4M$1.4M$31K
InsuranceLn 23$226K$221K$5K$319
Other expenses (24a–d)Ln 24$696K$696K
Total functional expensesLn 25$24.6M$22.9M$1.3M$426K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $30.2M$29.4M$819K$37.0M 990 PDF
FY2024 $26.5M$28.9M−$2.4M$36.7M 990 PDF
FY2023 Viewing $25.1M$24.6M$470K$36.5M 990 PDF
FY2022 $24.7M$22.0M$2.7M$32.8M 990 PDF
FY2021 $18.2M$15.9M$2.3M$28.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $25,099,333 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,845,055$3,800,662
I-9 Program service revenuePrior year $16,995,510$20,023,660
I-10 Investment incomePrior year $797,136$1,028,989
I-11 Other revenuePrior year $39,963$246,022
I-12 Total revenuePrior year $24,677,664$25,099,333
I-13 Grants and similar amounts paidPrior year $1,336,227$1,387,294
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $13,819,650$15,477,647
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $6,847,441$7,764,707
I-18 Total expensesPrior year $22,003,318$24,629,648
I-19 Revenue less expensesPrior year $2,674,346$469,685
Part VI · Governance 25 of 26 board members independent, no flags
VI-1a Voting members of the governing body26
VI-1b Independent voting members25
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $25,099,333 across 10 lines filed
Lines not itemized here account for $117,094 of total revenue; see the IRS return.
VIII-1a Federated campaigns$117,998
VIII-1e Government grants$2,653,275
VIII-1f All other contributions, gifts and grants$1,029,389
VIII-1g Noncash contributions (included above)$4,881
VIII-1h Total contributions, gifts and grants$3,800,662
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $20,023,660$20,023,660
VIII-3 Investment incomeExcluded from tax $414,745$414,745
VIII-6 Net rental income or lossRelated to mission $196,261 · Unrelated business −$67,333$128,928
VIII-7 Net gain or loss on sales of assetsExcluded from tax $614,244$614,244
VIII-12 Total revenueRelated to mission $20,318,707 · Unrelated business −$67,333 · Excluded from tax $1,047,297$25,099,333
Part IX · Statement of functional expenses $24,629,648 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $1,387,294$1,387,294
IX-5 Pay of current officers, directors and key staffPrograms $405,058 · Management $20,284 · Fundraising $9,487$434,829
IX-7 Other salaries and wagesPrograms $11,650,593 · Management $570,981 · Fundraising $269,310$12,490,884
IX-8 Pension plan contributionsPrograms $477,740 · Management $31,650 · Fundraising $14,033$523,423
IX-9 Other employee benefitsPrograms $1,019,968 · Management $55,807 · Fundraising $24,531$1,100,306
IX-10 Payroll taxesPrograms $871,806 · Management $38,063 · Fundraising $18,336$928,205
IX-11b Legal feesManagement $43,757$43,757
IX-11c Accounting feesManagement $16,152$16,152
IX-11f Investment management feesManagement $69,455$69,455
IX-11g Other fees for servicesPrograms $717,420 · Management $121,415 · Fundraising $18,665$857,500
IX-12 Advertising and promotionPrograms $73,971 · Management $756 · Fundraising $2,183$76,910
IX-13 Office expensesPrograms $1,391,573 · Management $63,535 · Fundraising $32,823$1,487,931
IX-14 Information technologyPrograms $180,132 · Management $91,194 · Fundraising $5,955$277,281
IX-16 OccupancyPrograms $1,852,661 · Management $138,510 · Fundraising $22,842$2,014,013
IX-17 TravelPrograms $179,970 · Fundraising $640$180,610
IX-19 Conferences, conventions and meetingsPrograms $212,958 · Management $36,261 · Fundraising $7,221$256,440
IX-20 InterestPrograms $160,769 · Management $393 · Fundraising $26$161,188
IX-22 Depreciation, depletion and amortizationPrograms $1,370,527 · Management $31,012$1,401,539
IX-23 InsurancePrograms $220,759 · Management $4,879 · Fundraising $319$225,957
IX-24 Other expenses (24a–d)Programs $695,974$695,974
IX-25 Total functional expensesPrograms $22,869,173 · Management $1,334,104 · Fundraising $426,371$24,629,648
Part X · Balance sheet $47,431,188 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $7,827,374$3,891,598
X-2 Savings and temporary cash investments$815,573
X-3 Pledges and grants receivableStart of year $360,705$194,486
X-4 Accounts receivableStart of year $394,944$442,466
X-9 Prepaid expenses and deferred chargesStart of year $237,874$215,330
X-10c Land, buildings and equipment, netStart of year $16,001,946$21,975,923
X-11 Publicly traded securitiesStart of year $14,732,557$12,248,404
X-12 Other securities$3,894,276
X-14 Intangible assets$1,037,830
X-15 Other assetsStart of year $2,652,861$2,715,302
X-16 Total assetsStart of year $42,208,261$47,431,188
X-17 Accounts payable and accrued expensesStart of year $840,761$1,490,232
X-18 Grants payableStart of year $608,130$566,030
X-19 Deferred revenueStart of year $3,365,720$3,869,225
X-20 Tax-exempt bond liabilitiesStart of year $1,275,000$1,105,000
X-25 Other liabilitiesStart of year $92,192$1,049,369
X-26 Total liabilitiesStart of year $9,434,058$10,956,549
X-27 Net assets without donor restrictionsStart of year $20,100,620$25,035,114
X-28 Net assets with donor restrictionsStart of year $12,673,583$11,439,525
X-32 Total net assets or fund balancesStart of year $32,774,203$36,474,639
X-33 Total liabilities and net assetsStart of year $42,208,261$47,431,188
Part XI · Reconciliation of net assets $36,474,639 net assets at year end
XI-1 Total revenue$25,099,333
XI-2 Total expenses$24,629,648
XI-3 Revenue less expenses$469,685
XI-4 Net assets at start of year$32,774,203
XI-5 Net unrealized gains (losses) on investments−$1,041,101
XI-9 Other changes in net assets$4,271,852
XI-10 Net assets at end of year$36,474,639

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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