YMCA of Greater Louisville, Inc.
Meets Standards
Standards For Charity Accountability
Governance
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Board Oversight
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Board Size
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Board Meetings
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Board Compensation
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Conflict of Interest
Measuring Effectiveness
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Effectiveness Policy
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Effectiveness Report
Finances
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Program Expenses
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Fundraising Expenses
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Accumulating Funds
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Audit Report
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Detailed Expense Breakdown
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Accurate Expense Reporting
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Budget Plan
Fundraising & Info
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Truthful Materials
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Annual Report
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Website Disclosures
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Donor Privacy
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Cause Marketing Disclosures
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Complaints
YMCA of Greater Louisville, Inc. meets the 20 Standards for Charity Accountability.
Stated Purpose:
The YMCA's mission has remained consistent over the years - to put Christian principles into practice through programs that build a healthy spirit, mind and body for all. This mission has guided the Y in creating and adapting its services to best strengthen the foundations of the community and meet local needs. Currently, its focus areas are Youth Development, Healthy Living, and Social Responsibility. In recent years, the YMCA of Greater Louisville has deepened its impact and partnering collaborations focused on improving public health, eradicating racial and low-income inequities, and using its out-of-school time with youth to improve educational readiness and success.
Year, State Incorporated:
1878, KY
The YMCA has a diverse continuum of more than 100 programs and membership opportunities focused on improving the health of the community, preparing youth for school and life, and exercising its collective social responsibility. Each of the last three years the Y has impacted more than 200,000 unduplicated youth, adults, families, and seniors from all backgrounds, zip codes and diversities. As the Y has become stronger over the years, it has increased the scope of its community impact. The YMCA serves more than 50,000 homeless, immigrants, seniors, cancer survivors, youth and adults struggling with chronic diseases, and individual and families throughout the community that are not turned away from any of its services for a lack or inability to pay. This means more than 200 youth go to camp, 2,000 youth learn to swim, 800 teens and parents in crisis receive family mediation, 50 homeless men have a transitional place to live, hundreds of immigrant teens and their families are welcomed into the community, branches are located in low income parts of our community, and so much more. These diverse YMCA members and program participants are such a vital part of its mission and truly make the Y family so special. You will never be able to point them out on the youth sports field, sitting in school following a safe night in its youth shelter, roasting marshmallows around a campfire, engaged in childcare activities, or swimming laps in its pools. They are afforded the same opportunities and privileges and are woven into the fabric of the Y family.
For the year ended December 31, 2021, YMCA of Greater Louisville, Inc.'s program expenses were:
| Youth development | $16,067,308 |
| Healthy living | $14,811,164 |
| Social responsibility | $4,347,537 |
| Total Program Expenses | $35,226,009 |
Chief Executive
Gary Cobbs, President/CEO
Chair of the Board
Mr. Howard L. Holloman Jr.
Chair's Profession / Business Affiliation
Retired, GE Appliances, a Haier company
Board Size
35
Paid Staff Size
1904
Method(s) Used:
Direct mail appeals, Telemarketing, Door-to-door solicitation, Special events, Corporate solicitation, Foundation grants, Grant proposals, Internet, Radio, Print advertisements
In addition, YMCA of Greater Louisville is a Metro United Way agency.
% of Related Contributions on Fundraising: 3.78%This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on YMCA of Greater Louisville, Inc.'s audited financial statements for the year ended December 31, 2021.
Source of Funds
| Membership dues | $14,467,437 |
| Programs | $12,774,879 |
| Childcare sustainment funding | $6,821,743 |
| Employee retention credit | $4,923,752 |
| Government grants | $3,387,953 |
| Contributions | $1,760,798 |
| Other grants | $1,296,502 |
| Net investment income | $896,091 |
| In-kind donations | $759,430 |
| Garage and rental income | $513,896 |
| Change in fair value of derivative financial statements | $397,066 |
| Metro United Way grant | $231,887 |
| Interest income | $213,130 |
| Miscellaneous | $99,762 |
| Sales of merchandise | $71,524 |
| Management fees | $5,225 |
| Special events, net | $3,774 |
| Loss on disposal of property and equipment | $-673,580 |
| Total Income | $47,951,269 |
Programs: 89% Fundraising: 2% Administrative: 9%
| Total Income | $47,951,269 |
| Total expenses: | $39,436,572 |
| Program expenses | $35,226,009 |
| Fundraising expenses | $725,901 |
| Administrative expenses | $3,484,662 |
| Other expenses | $0 |
| Income in Excess of Expenses | $8,514,697 |
| Beginning Net Assets | $73,831,692 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $82,346,389 |
| Total Liabilities | $54,148,148 |
| Total Assets | $136,494,537 |
Total assets as reported above include $74,270,911 in property and equipment, net.
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
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Meets Standards
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Standards Not Met
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Review in Progress
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Unable to Verify
Report completed by:
BBB serving Greater Kentucky and South Central Indiana