YMCA of Greater Richmond
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 Richmond does not meet the following 5 Standards for Charity Accountability:
Standard 1 (Oversight of Operations and Staff)
Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.
YMCA of Greater Richmond does not meet this Standard because its board of directors does not:
- Review the performance of the chief executive officer at least once every two years.
- Have an approved conflict of interest policy.
- Receive a copy of the organization’s financial statements.
Standard 6 (Board Policy on Effectiveness)
Have a board policy of assessing, no less than every two years, the organization's performance and effectiveness and of determining future actions required to achieve its mission.
YMCA of Greater Richmond does not meet this Standard because:
- The board of directors does not have a written policy stating that, at least every two years, an appraisal be done assessing the organization’s performance and effectiveness and determining future actions required to achieve its mission.
Standard 7 (Board Approval of Written Report on Effectiveness)
Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.
YMCA of Greater Richmond does not meet this Standard because:
- The organization has not completed an effectiveness assessment in the last two years.
Standard 14 (Budget)
Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.
YMCA of Greater Richmond does not meet this Standard because, when the organization provided budget information, it indicated that the 2023 budget:
- Did not identify total projected fundraising expenses.
- Did not identify total projected administrative expenses.
- Did not break these expenses down by major program category (Healthy living, Social responsibility, Youth development).
Standard 16 (Annual Report)
Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.
YMCA of Greater Richmond does not meet this Standard because the 2021 annual report did not include:
- Total expenses for each program in the same categories that appear in the organization’s financial statements (Healthy living, Social responsibility, Youth development).
- A roster of the board of directors.
- Total program expenses.
- Total fundraising expenses.
- Total administrative expenses.
- Total end-of-year net assets.
The BBB Wise Giving Alliance requested but did not receive complete information from the organization and is unable to verify the organization's compliance with the following Standard(s) for Charity Accountability: 3, 13
YMCA of Greater Richmond meets the remaining 13 Standards for Charity Accountability.
Stated Purpose:
“to put Christian principles into practice through programs that build healthy spirit, body, and mind for all.”
Year, State Incorporated:
1856, VA
YMCA of Greater Richmond states it promotes healthy living, social responsibility, and youth development in the Richmond area. According to the organization’s 2022 IRS Form 990, it served approximately 192,000 people through its youth sports, preschool and childcare, fitness centers, and other programs.
For the year ended December 31, 2022, YMCA of Greater Richmond's program expenses were:
| Healthy living | $17,830,020 |
| Youth development | $17,723,441 |
| Social responsibility | $7,896,493 |
| Total Program Expenses | $43,449,954 |
Chief Executive
Jody Alexander, President and Chief Executive Officer
Chair of the Board
Kristian M. Gathright
Chair's Profession / Business Affiliation
Retired
Board Size
40
Paid Staff Size
2970
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Note: Compensation information for current President and Chief Executive Officer Jody Alexander is not available at this time. In 2022, former President and Chief Executive Officer, Abigail Rogers, received $306,944 in total compensation.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Membership appeals, Planned giving arrangements, Telephone appeals
Fundraising costs were 3% of related contributions. (Related contributions, which totaled $55,006,243, are donations received as a result of fundraising activities.)
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 Richmond's audited financial statements for the year ended December 31, 2022.
Source of Funds
| Membership fees | $23,145,336 |
| Program fees | $13,556,585 |
| Contributions | $5,892,050 |
| Paycheck Protection Loan Forgiveness | $5,377,606 |
| Government grants | $4,094,137 |
| Capital campaign contributions | $2,839,126 |
| United Way Services | $154,280 |
| Other income | $129,713 |
| Endowment contributions | $84,310 |
| Rental of facilities | $71,969 |
| Merchandise sales | $29,434 |
| Investment return, net | $-1,456,273 |
| Total Income | $53,997,740 |
Programs: 88% Fundraising: 3% Administrative: 9%
| Total Income | $53,997,740 |
| Total expenses: | $49,446,719 |
| Program expenses | $43,449,954 |
| Fundraising expenses | $1,541,750 |
| Administrative expenses | $4,455,015 |
| Other expenses | $0 |
| Income in Excess of Expenses | $4,551,021 |
| Beginning Net Assets | $74,700,040 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $82,598,167 |
| Total Liabilities | $40,291,009 |
| Total Assets | $122,889,176 |
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.
RELATED CONTENT
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Meets Standards
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Standards Not Met
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Did Not Disclose
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Review in Progress
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Unable to Verify
Report completed by:
BBB Wise Giving Alliance