Manitowoc-Two Rivers Area YMCA (7101) FY2023 filing

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To put Christian principles into practice through programs which build healthy spirit, mind and body for all.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$108K 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
3 of 6
filings with a surplus
Average surplus $213K a year · 5% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$108K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Plus $2.7M in investments, Pt X · Ln 11–13
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$330K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
-2% vs prior year
Spent
$3.8M
To programs
83%
Net assets
$9.1M
By yearFY2020–FY2025
Revenue
$4.1M
FY2023▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.5M
FY2021$4.7M
FY2022$4.2M
FY2023$4.1M
FY2024$3.6M
FY2025$3.7M
Expenses
$3.8M
FY2023▼ -0.7%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$3.7M
FY2022$3.8M
FY2023$3.8M
FY2024$3.7M
FY2025$3.8M
Net assets
$9.1M
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2020$7.4M
FY2021$8.7M
FY2022$8.7M
FY2023$9.1M
FY2024$7.3M
FY2025$7.2M

From the FY2023 Form 990 (year ending August 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 Nov 1966.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $3.1M Management & general 17% · $629K Fundraising 0% · $7K

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

10 people listed on the 990; $108K 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
$107,972Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Julie Grossman’s $115K as CEO is at the 49th percentile of top reported officer pay among 3868 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Julie Grossman$114,722$113,676$107,972$107,770$102,656$103,829

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 Manitowoc-Two Rivers Area YMCA (7101) executive salaries →

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

Builds healthy spirit, mind, and body for all through Christian-principle programs.

Questions for Manitowoc-Two Rivers Area YMCA (7101)

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3 programs · $3.1M · in their own filed words · FY2022
01

Healthy Living

Being healthy means more than simply being physically active. It's about maintaining a balanced spirit, mind, and body. The Y is a place where you can work toward that balance by challenging yourself to learn a new skill or hobby, fostering connections with friends through lifelong learning programs, or bringing your loved ones closer…

$1.5Mprogram expense
02

Youth Development

We believe the values and skills learned early on are vital building blocks for life choices. Because of the Y, more young people in our neighborhoods are taking a greater interest in learning and making smarter life choices.

$1.5Mprogram expense
03

Social Responsibility

We know that when we work as one, we move people and communities forward. That's why we are committed to providing support to our neighbors and opportunities for kids, adults, and families to give, join in or advocate in the name of stronger communities.

$132Kprogram 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 · FY2025
Total grants receivedfrom 1 funder$12K
Grants paid · 4 grants · $35K · 2019–2022
Unitemized GrantFY2022$8,000
Unitemized GrantFY2021$9,000
Unitemized GrantFY2020$9,000
Unitemized GrantFY2019$9,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Fees for servicesLn 2g$3.0M
Gifts and grantsLn 1h$943K
Investment incomeLn 3$147K
Money outPt IX
$3.8M
Ln 25
Programscol B$3.1M
Managementcol C$629K
Fundraisingcol D$7K
Owns and owesPt X
$9.1M
net assets · Ln 32
Cash and savingsLn 1–2$887K
Total assetsLn 16$9.5M
LiabilitiesLn 26$330K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$943K
Government grantsLn 1e$644K
Fees for servicesLn 2g$3.0M
Investment incomeLn 3$147K
Other incomeLn 4–11$43K
Gains on assetsLn 7$58K
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$883K
SavingsLn 2$4K
Cash and savings togetherLn 1–2$887K
Pledges and grants receivableLn 3$9K
Accounts receivableLn 4$16K
Inventories for sale or useLn 8$4K
Prepaid expenses and deferred chargesLn 9$29K
Land, buildings, equipmentLn 10c$5.8M
InvestmentsLn 11–13$2.7M
Total assetsLn 16$9.5M
LiabilitiesLn 26$330K
Net assetsLn 32$9.1M
OperationsPt I, VI
EmployeesI 5173
VolunteersI 6174
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
Investment feesPt IX, Sch D
Investment fees, as reportedPt IX 11f$20K
Share of the $2.8M endowmentSch D 1g0.70%
Typical, median of 1,806 orgs0.44%
EndowmentSch D · Pt V
LineFY23FY22FY21FY20FY19
End of yearLn 1g$2.8M$2.4M$2.2M$1.9M$1.7M
Given inLn 1b$215K$720K$20K$25K$26K
SpentLn 1d–1f$107K$89K$90K$86K$85K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$619K$887K
InvestmentsLn 11–13$2.4M$2.7M
Land, buildings, equipmentLn 10c$5.7M$5.8M
Total assetsLn 16$9.0M$9.5M
LiabilitiesLn 26$320K$330K
Net assetsLn 32$8.7M$9.1M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$8K$8K
Grants and assistance to foreign recipientsLn 3$0$0
Pay of current officers, directors and key staffLn 5$108K$93K$15K$37
Other salaries and wagesLn 7$1.7M$1.5M$241K$594
Pension plan contributionsLn 8$98K$70K$29K$5
Other employee benefitsLn 9$169K$120K$49K$9
Payroll taxesLn 10$175K$148K$25K$1K
Accounting feesLn 11c$34K$34K
Investment management feesLn 11f$20K$20K
Other fees for servicesLn 11g$20K$0$20K$0
Advertising and promotionLn 12$39K$39K$774
Office expensesLn 13$16K$14K$1K$537
OccupancyLn 16$162K$152K$9K$1K
TravelLn 17$29K$29K
Conferences, conventions and meetingsLn 19$15K$7K$8K
Payments to affiliatesLn 21$65K$0$65K$0
Depreciation, depletion and amortizationLn 22$326K$293K$33K
InsuranceLn 23$46K$42K$5K
Other expenses (24a–d)Ln 24$704K$678K$24K$2K
All other expensesLn 24e$25K$20K$4K$0
Total functional expensesLn 25$3.8M$3.1M$629K$7K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $3.7M$3.8M−$111K$7.2M 990 PDF
FY2024Filed with the IRS Apr 9, 2025 $3.6M$3.7M−$92K$7.3M 990 PDF
FY2023 ViewingFiled with the IRS Jan 16, 2024 $4.1M$3.8M$362K$9.1M 990 PDF
FY2022Filed with the IRS Jan 12, 2023 $4.2M$3.8M$429K$8.7M 990 PDF
FY2021Filed with the IRS Jan 27, 2022 $4.7M$3.7M$1.1M$8.7M 990 PDF
FY2020Filed with the IRS Jan 14, 2021 $3.5M$3.8M−$376K$7.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,131,798 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,283,982$942,587
I-9 Program service revenuePrior year $2,760,447$2,999,146
I-10 Investment incomePrior year $144,822$146,642
I-11 Other revenuePrior year $35,495$43,423
I-12 Total revenuePrior year $4,224,746$4,131,798
I-13 Grants and similar amounts paidPrior year $9,000$8,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,295,876$2,261,394
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,490,462$1,500,334
I-18 Total expensesPrior year $3,795,338$3,769,728
I-19 Revenue less expensesPrior year $429,408$362,070
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $4,131,798 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1d Related organizations$0
VIII-1e Government grants$643,933
VIII-1f All other contributions, gifts and grants$298,654
VIII-1h Total contributions, gifts and grants$942,587
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,999,146$2,999,146
VIII-3 Investment incomeExcluded from tax $88,836$88,836
VIII-6 Net rental income or lossRelated to mission $32,268$32,268
VIII-7 Net gain or loss on sales of assetsRelated to mission $57,806$57,806
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $11,155$11,155
VIII-12 Total revenueRelated to mission $3,100,375 · Unrelated business $0 · Excluded from tax $88,836$4,131,798
Part IX · Statement of functional expenses $3,769,728 across 20 lines filed
IX-2 Grants to domestic individualsPrograms $8,000$8,000
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $92,707 · Management $15,228 · Fundraising $37$107,972
IX-7 Other salaries and wagesPrograms $1,469,424 · Management $241,362 · Fundraising $594$1,711,380
IX-8 Pension plan contributionsPrograms $69,653 · Management $28,559 · Fundraising $5$98,217
IX-9 Other employee benefitsPrograms $119,875 · Management $49,151 · Fundraising $9$169,035
IX-10 Payroll taxesPrograms $148,255 · Management $25,332 · Fundraising $1,203$174,790
IX-11c Accounting feesManagement $34,005$34,005
IX-11f Investment management feesPrograms $19,614$19,614
IX-11g Other fees for servicesPrograms $0 · Management $19,680 · Fundraising $0$19,680
IX-12 Advertising and promotionManagement $38,652 · Fundraising $774$39,426
IX-13 Office expensesPrograms $14,064 · Management $1,062 · Fundraising $537$15,663
IX-16 OccupancyPrograms $151,859 · Management $8,761 · Fundraising $1,333$161,953
IX-17 TravelManagement $28,520$28,520
IX-19 Conferences, conventions and meetingsPrograms $6,501 · Management $8,448$14,949
IX-21 Payments to affiliatesPrograms $0 · Management $65,298 · Fundraising $0$65,298
IX-22 Depreciation, depletion and amortizationPrograms $293,448 · Management $32,605$326,053
IX-23 InsurancePrograms $41,750 · Management $4,639$46,389
IX-24 Other expenses (24a–d)Programs $677,966 · Management $23,851 · Fundraising $2,362$704,179
IX-24e All other expensesPrograms $20,480 · Management $4,125 · Fundraising $0$24,605
IX-25 Total functional expensesPrograms $3,133,596 · Management $629,278 · Fundraising $6,854$3,769,728
Part X · Balance sheet $9,475,987 assets, 24 lines filed
X-1 Cash, non-interest-bearingStart of year $611,551$882,633
X-2 Savings and temporary cash investmentsStart of year $7,052$4,391
X-3 Pledges and grants receivableStart of year $134,536$8,800
X-4 Accounts receivableStart of year $32,750$15,794
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-8 Inventories for sale or useStart of year $3,498$4,172
X-9 Prepaid expenses and deferred chargesStart of year $29,202$28,565
X-10c Land, buildings and equipment, netStart of year $5,726,180$5,824,297
X-11 Publicly traded securitiesStart of year $2,375,864$2,707,335
X-15 Other assetsStart of year $56,224$0
X-16 Total assetsStart of year $8,976,857$9,475,987
X-17 Accounts payable and accrued expensesStart of year $223,032$234,218
X-19 Deferred revenueStart of year $66,792$65,663
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $30,318$30,318
X-26 Total liabilitiesStart of year $320,142$330,199
X-27 Net assets without donor restrictionsStart of year $7,493,563$7,974,207
X-28 Net assets with donor restrictionsStart of year $1,163,152$1,171,581
X-32 Total net assets or fund balancesStart of year $8,656,715$9,145,788
X-33 Total liabilities and net assetsStart of year $8,976,857$9,475,987
Part XI · Reconciliation of net assets $9,145,788 net assets at year end
XI-1 Total revenue$4,131,798
XI-2 Total expenses$3,769,728
XI-3 Revenue less expenses$362,070
XI-4 Net assets at start of year$8,656,715
XI-5 Net unrealized gains (losses) on investments$127,003
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,145,788

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

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