Ocean Community YMCA EIN 05-0268126 Form 990 (PDF) Claim this org

Ocean Community YMCA FY2020 filing

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Builds health, spirit, mind, and body for all through Christian principles. For fiscal year 2020 it reported $6.6M in revenue, $6.9M in expenses, and $15.0M in net assets.Pt I

Founded
1928
Type
Public charity (501(c)(3)) · Human Services
Location
Westerly, RI
Website
www.oceancommunityymca.org
Filings
6 on file (2020–2020)
Revenue
$6.6MFY2020
Expenses
$6.9M
Net assets
$15.0M
People
21
Filings
6
Updates
0
More identity details & actions ⌄
EIN  05-0268126 Public charity (501(c)(3)) Westerly, RI Founded 1928
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Figures match the IRS filing checked 7/21/26 · see original: IRS
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Size
$10–100M
What they do
Builds health, spirit, mind, and body for all through Christian principles.
Leadership
Maureen Fitzgerald · President & CEO · $186K
Money in and out
$6.6M revenue, $6.9M expenses
Bottom line
72% program efficiency
Where the money goes · FY2020
Total revenue
$6.6M
Pt VIII · Ln 12
Total expenses
$6.9M
Pt IX · Ln 25
Net assets
$15.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$290K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program efficiency
72%
of spending reaches programs
Operating runway
5.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$6.6M
FY2020
Expenses
$6.9M
FY2020
Total assets
$23.6M
FY2020
Total liabilities
$8.7M
FY2020
Total revenue
$6.6M
Pt VIII · Ln 12
Total expenses
$6.9M
Pt IX · Ln 25
Net assets
$15.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$290K
Total assetsPt X · Ln 16$23.6M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418
Mission & Programs · Part III

Where the work happens

3 program services account for $5.0M of program spending, described in the organization's own filed words · FY2020.
01

Program Title, Description

Membershipmembership at the ocean community ymca helps individuals to improve their health and well-bring while bulding a strong sense of community. The y provides family-centered, value-focused programs and activities for its members and the surrounding communities.

$3.5Mprogram expense
02

Program Title, Description

Child care and other programsy child care programs strengthen the family unit by providing convenient, affordable activities for school age children. These programs utilize a well-developed curriculum which is delivered by well trained staff in safe surroundings.

$1.1Mprogram expense
03

Program Title, Description

Camp programscamp at the ocean community ymca provides enriching and educational experiences during the summer at camp watchaug and the mystic day camp through both indoor and outdoor activities on and off land. They serve thousands of children and families in the surrounding community.

$341Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COcean Community YMCA
EINHdr · item D05-0268126
Principal addressHdr · item CWesterly, RI
WebsiteHdr · item Jwww.oceancommunityymca.org
Year of formationHdr · item L1928
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P27Z)
Ruling yearIRS BMFJun 1942

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President & CEO
$186,427Pt VII · Sec A
Finance Director
$96,767Pt VII · Sec A
Vice President
$43,843Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Maureen Fitzgerald’s $235K as President & CEO Until 06/2025 is at the 58th percentile of top reported officer pay among 3123 $10–100M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Maureen Fitzgerald$234,919$209,956$176,265$195,467$206,176$186,427
Sheila Litty$187,946$142,199$115,758$112,586
Lorraine Grissom$131,724$55,153
John McKeag$74,408$99,744$108,631$102,508$96,767
Paul Falvey$82,600
John Reilly$43,843

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.

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Statement of Revenue

Part VIII
Program service revenue$4.2M · 64%
Contributions & grants$1.9M · 29%
Other revenue$255K · 4%
Investment income$212K · 3%
Program service revenue64%$4.2M
Contributions & grants29%$1.9M
Other revenue4%$255K
Investment income3%$212K
Total revenueLn 12$6.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program services72%$5.0M
Management & general26%$1.8M
Fundraising2%$154K
Total functional expensesLn 25$6.9M

Balance Sheet

Part X · end of year
CashLn 1$728K
Total assetsLn 16$23.6M
Total liabilitiesLn 26$8.7M
Total net assetsLn 32$15.0M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.1M · Operating expenses (Pt IX) $6.9M · Less non-cash grants $947 · Cash operating expenses/yr $6.9M
5.3 months
Where the money goes
Program services
Program services $5.0M · Total expenses $6.9M
72%
Management & General
Management & general $1.8M · Total expenses $6.9M
26%
Fundraising
Fundraising $154K · Total expenses $6.9M
2%
Cost to raise $1
Fundraising expense $154K · Solicited contributions $1.9M
$0.08 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $1.9M · Total revenue $6.6M
29%
Government reliance
Government grants — · Total revenue $6.6M
Earned-income share
Program service revenue $4.2M · Total revenue $6.6M
64%
Investment reliance
Investment income $212K · Total revenue $6.6M
+3%
Program self-sufficiency
Program service revenue $4.2M · Total expenses $6.9M
61%
Growth & trend
Revenue growth (YoY)
This year $6.6M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $15.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.6M · Expenses $6.9M
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $23.6M
Net-asset ratio
Net assets $15.0M · Total assets $23.6M
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $23.6M
10%
People & payroll
Highest Reported Total Compensation
Individual Maureen Fitzgerald · Reported title PRESIDENT & CEO · Highest reported compensation $186K · Total expenses $6.9M
3%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $3.2M · Total expenses $6.9M
46%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 26%
Fundraising cost ratio 8%
Investment management fee ratio 0.06%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$114K
See all 3 funders →
Grants paid · 3 grants · $2.3M · 2022–2025
Unitemized GrantFY2025$826,699
Unitemized GrantFY2023$723,019
Unitemized GrantFY2022$742,296

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$12.7M revenue · ⤓ 990 PDF
FY2024$11.6M revenue · ⤓ 990 PDF
FY2023$10.5M revenue · ⤓ 990 PDF
FY2022$8.2M revenue · ⤓ 990 PDF
FY2021$8.0M revenue · ⤓ 990 PDF
FY2020$6.6M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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