Ocean County YMCA INC FY2022 filing

Tax-deductible

Toms River, NJ501(c)(3)EIN 22-1901046Revenue $4.5M in FY2022

On file with the IRSocymca.org1088 W Whitty Rd, 08755-3278 · Toms River, NJTax-exempt since Mar 1972Publicly supported — 509(a)(2)

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We are the leading provider of child care, aquatics and wellness programs to children, the disabled, and seniors; with an emphasis on outreach to the underserved.

501(c)(3) charity; gifts are tax-deductible.
63¢ of each $1 spent went to programs.
$97K 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

FY2022 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $186K a year · 4% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
63%
of spending
Worth a look: 63% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$97K
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
5 mo
of spending, in cash
Looks good: 4.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $13K
Looks good: 4 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$4.7M
107% of total assets
Concern: liabilities are 107% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.5M
+1% vs prior year
Spent
$4.6M
To programs
63%
Net assets
−$306K
By yearFY2020–FY2024
Revenue
$4.5M
FY2022▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.8M
FY2021$4.5M
FY2022$4.5M
FY2023$4.9M
FY2024$4.5M
Expenses
$4.6M
FY2022▲ +33%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.5M
FY2021$3.5M
FY2022$4.6M
FY2023$5.5M
FY2024$5.0M
Net assets
−$306K
FY2022▼ -43%
Tap a bar for its year
Net assets by fiscal year
FY2020−$1.2M
FY2021−$213K
FY2022−$306K
FY2023−$870K
FY2024−$1.4M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1972.

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

Where the money goes

63 cents of each dollar spent went to programs.

Program services 63% · $2.9M Management & general 37% · $1.7M

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

18 people listed on the 990; $97K paid to officers and key staff.

Part VII, Section A · reportable compensation
$97,075Pt VII · Sec A
Immediate Past Chair
$0Pt VII · Sec A
1st Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Peter T Rosario———$78,923$141,692
Gretchen Surette$78,979$100,000$97,075$57,981—

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 Ocean County YMCA INC 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

Offers childcare, aquatics, and wellness programs, especially for underserved communities.

Questions for Ocean County YMCA INC

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Provided by the organization

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3 programs · $2.9M · in their own filed words · FY2022
01

Youth Development

Our ymca programs, such as y-kids and summer day camp, offer a range of experiences that enrich social-emotional, congnitive and physical growth. Expenses include subsidies and direct financial assistance that make participation possible for 25 percent of the young people we engage.

$2.7Mprogram expense
02

Healthy Living

The y is committed to improving americas health and well-being, community by community. We bring families closer together, encourage good health and foster connections through fitness, sports, fun and shared interests.

$163Kprogram expense
03

Social Responsibility

In 2022, we provided $49,075 in financial assistance and susidies to the people who otherwise may not have been able to afford to participate. We engaged about 4,000 ymca members, participants and volunteers in activities that strengthen our community and pave the way for future generations to thrive.

$49Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
See all 4 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$4.5M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$69K
Money outPt IX
$4.6M
Ln 25
Programscol B$2.9M
Managementcol C$1.7M
Owns and owesPt X
−$306K
net assets · Ln 32
Cash and savingsLn 1–2$1.8M
Total assetsLn 16$4.4M
LiabilitiesLn 26$4.7M
PeoplePt VI, VII
18
listed · VII A
PaidVII A1
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$762K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$24K
Other incomeLn 4–11$69K
Gains on assetsLn 7$2
Total revenueLn 12$4.5M
Assets in detailPt X, end of year
CashLn 1$1.8M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.8M
Land, buildings, equipmentLn 10c$2.6M
Total assetsLn 16$4.4M
LiabilitiesLn 26$4.7M
Net assetsLn 32−$306K
OperationsPt I, VI
EmployeesI 5249
VolunteersI 6194
Fiscal year endsHeaderDecember
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 FY22End FY22
Cash and savingsLn 1–2$389K$1.8M
Land, buildings, equipmentLn 10c$2.6M$2.6M
Total assetsLn 16$3.8M$4.4M
LiabilitiesLn 26$4.0M$4.7M
Net assetsLn 32−$213K−$306K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$49K$49K
Pay of current officers, directors and key staffLn 5$97K$80K$17K
Other salaries and wagesLn 7$2.5M$2.0M$437K
Pension plan contributionsLn 8$49K$27K$22K
Other employee benefitsLn 9$91K$49K$42K
Payroll taxesLn 10$221K$161K$61K
Management feesLn 11a$40K$40K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$25K$25K
Other fees for servicesLn 11g$41K$41K
Office expensesLn 13$150K$94K$56K
OccupancyLn 16$207K$207K
TravelLn 17$41K$39K$1K
Conferences, conventions and meetingsLn 19$14K$9K$5K
InterestLn 20$164K$164K
Depreciation, depletion and amortizationLn 22$259K$259K
InsuranceLn 23$127K$23K$104K
Other expenses (24a–d)Ln 24$432K$240K$193K
All other expensesLn 24e$139K$75K$64K
Total functional expensesLn 25$4.6M$2.9M$1.7M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $4.5M$5.0M−$541K−$1.4M 990 PDF
FY2023 $4.9M$5.5M−$564K−$870K 990 PDF
FY2022 Viewing $4.5M$4.6M−$93K−$306K 990 PDF
FY2021 $4.5M$3.5M$1000K−$213K 990 PDF
FY2020 $2.8M$3.5M−$733K−$1.2M 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 FY2022 990 (6 parts)
Part I · Summary $4,511,808 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,918,976$1,539,129
I-9 Program service revenuePrior year $2,481,509$2,880,143
I-10 Investment incomePrior year $90$23,597
I-11 Other revenuePrior year $60,954$68,939
I-12 Total revenuePrior year $4,461,529$4,511,808
I-13 Grants and similar amounts paidPrior year $46,220$49,075
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,039,373$2,911,568
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,376,034$1,643,860
I-18 Total expensesPrior year $3,461,627$4,604,503
I-19 Revenue less expensesPrior year $999,902−$92,695
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
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 $4,511,808 across 10 lines filed
VIII-1b Membership dues$346,496
VIII-1e Government grants$762,235
VIII-1f All other contributions, gifts and grants$430,398
VIII-1h Total contributions, gifts and grants$1,539,129
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,880,143$2,880,143
VIII-3 Investment incomeExcluded from tax $23,595$23,595
VIII-7 Net gain or loss on sales of assetsExcluded from tax $2$2
VIII-8 Net income from fundraising eventsExcluded from tax $37,602$37,602
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $31,337$31,337
VIII-12 Total revenueRelated to mission $2,911,480 · Unrelated business $0 · Excluded from tax $61,199$4,511,808
Part IX · Statement of functional expenses $4,604,503 across 19 lines filed
IX-2 Grants to domestic individualsPrograms $49,075$49,075
IX-5 Pay of current officers, directors and key staffPrograms $79,787 · Management $17,288$97,075
IX-7 Other salaries and wagesPrograms $2,016,194 · Management $436,878$2,453,072
IX-8 Pension plan contributionsPrograms $26,594 · Management $22,341$48,935
IX-9 Other employee benefitsPrograms $49,486 · Management $41,573$91,059
IX-10 Payroll taxesPrograms $160,912 · Management $60,515$221,427
IX-11a Management feesManagement $40,000$40,000
IX-11b Legal feesManagement $4,620$4,620
IX-11c Accounting feesManagement $25,000$25,000
IX-11g Other fees for servicesPrograms $40,525$40,525
IX-13 Office expensesPrograms $94,068 · Management $56,068$150,136
IX-16 OccupancyManagement $207,377$207,377
IX-17 TravelPrograms $39,254 · Management $1,415$40,669
IX-19 Conferences, conventions and meetingsPrograms $8,542 · Management $5,225$13,767
IX-20 InterestManagement $164,243$164,243
IX-22 Depreciation, depletion and amortizationManagement $259,135$259,135
IX-23 InsurancePrograms $23,172 · Management $103,693$126,865
IX-24 Other expenses (24a–d)Programs $239,559 · Management $192,524$432,083
IX-24e All other expensesPrograms $75,334 · Management $64,106$139,440
IX-25 Total functional expensesPrograms $2,902,502 · Management $1,702,001 · Fundraising $0$4,604,503
Part X · Balance sheet $4,387,631 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $0$1,774,094
X-2 Savings and temporary cash investmentsStart of year $389,051$0
X-4 Accounts receivableStart of year $712,111$41,186
X-9 Prepaid expenses and deferred chargesStart of year $15,074$20,701
X-10c Land, buildings and equipment, netStart of year $2,639,864$2,551,650
X-16 Total assetsStart of year $3,756,100$4,387,631
X-17 Accounts payable and accrued expensesStart of year $220,225$270,206
X-19 Deferred revenueStart of year $29,732$650,501
X-25 Other liabilitiesStart of year $15,328$22,118
X-26 Total liabilitiesStart of year $3,969,399$4,693,625
X-27 Net assets without donor restrictionsStart of year −$294,739−$589,895
X-28 Net assets with donor restrictionsStart of year $81,440$283,901
X-32 Total net assets or fund balancesStart of year −$213,299−$305,994
X-33 Total liabilities and net assetsStart of year $3,756,100$4,387,631
Part XI · Reconciliation of net assets −$305,994 net assets at year end
XI-1 Total revenue$4,511,808
XI-2 Total expenses$4,604,503
XI-3 Revenue less expenses−$92,695
XI-4 Net assets at start of year−$213,299
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$305,994

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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