Page 15 - YMCA of the Suncoast Annual Report 2022

BY THE NUMBERS
The Y’s meaningful work is possible thanks to a strong financial foundation. The following summary shows the impact of the pandemic on our financial position but reiterates the stability and sustainability of our YMCA.
Membership Fees
Child Care & Camp Fees Program Service Fees Contributions
Membership Fees1
Child Care and Camp Fees2
Program Service Fees3
Contributions - Capital4
Contributions - Endowment5
Contributions - Other6
Grants7
Investment Income 8
Other
Total Support and Revenue
Grants
Investment Income Other
9%
1,073,025 15%
(498,110) -7%
156,954 11%
182,846 99%
(1,663,040) -78%
105,901 8%
(2,778,119) -35%
(2,003,392) -192%
(248,780) -45%
$(5,672,717) -19%
Programs
Management and General
Development and Fundraising
Total
$19,863,089
$3,042,853
$540,686
$23,446,628
84.7% $18,883,450
13.0% $3,303,476
2.3% $416,483
100.0% $22,603,409
83.5% $979,639
14.6% $(260,623)
1.9% $124,203
100.0% $843,219
40 35 30 25 20 15 10
5
0 -5
7,289,303
7,463,176
1,366,815
185,275
2,131,497
1,269,843
7,903,382
1,045,403
552,852
$29,207,545
Comparative results for the years ending Dec. 31, 2021, and Dec. 31, 2022 (unaudited).
36%
30%
6%
1% -4%
22%
Support and Revenue
2022
2021
$ Change
% Change
8,362,327
6,965,066
1,523,769
368,121
468,457
1,375,743
5,125,262
(957,989)
304,072
$23,534,829
1. Membership fees increased 15% as we continued to attract new and returning members. 2022 membership revenue is 77% of 2019 membership revenue, the last full year prior to the pandemic.
2. Child Care and Camp Fees decreased 7% from 2021 due to challenges hiring staff to maintain licensing ratios in before and after school programs. More children participated in summer camp programs in 2022 compared to 2021, which generated 18% more revenue in camps.
3. Program Service Fees increased 11%. More adults received personal training (up 30%), representing half of the overall increase. Additional children participated in popular youth basketball, karate and other sports.
4. Contributions toward facility capital improvement projects increased $183k. These donations supported current year improvements of facilities and will support upcoming renovations and expansions of buildings and properties.
5. The 2021 contributions included a $2 million pledge from donor John Geigle, resulting in the naming of the John Geigle YMCA in Palm Harbor. In 2022, there were $468k in additional new endowment donations. The majority came from 4 large single gifts from individuals and a Trust.
6. Annual Support Campaign gifts and donations for specific programs increased an overall 8%.
7. Grant income for 2021 included Employee Retention Credits of $3.6 million and a PPP loan forgiveness of $2.7 million ($6.3 million combined).
Aside from these one-time awards in 2021, the balance of grant income grew by $3.5 million. Additional grant support from the Early Learning
Coalition (CARES Act and ARPA funds increased $3.2 million) and the Juvenile Welfare Board of Pinellas (increased $0.2 million) directly supported before and after school programs and its staff.
8. Investment losses on Endowment assets were correlated with the stock market (-13% return, down from +15%). YMCA reserve assets held in money market accounts generated approx. $109k in interest earnings than 2022, offsetting a small portion of endowment return losses.
EXPENSES
2022
2021
Difffference
14