Page 15 - 2019 Annual Report YMCA of the Suncoast

STRONGER BECAUSE OF YOU
BY THE NUMBERS
The Y’s meaningful work is possible thanks to a strong financial foundation. The following summary shows our financial stability and growth in 2019.
Comparative results for the years ending Dec. 31, 2019, and Dec. 31, 2018.
Membership Fees
Child Care & Camp Fees Program Service Fees
Support and Revenue
Membership Fees1
Child Care and Camp Fees
Program Service Fees2
Contributions - Capital3
Contributions - Endowment4
Contributions - Other
Grants5
Investment Income6
Other
Total Support and Revenue
Contributions - Other Grants
Investment Income
41%
40%
7% 4% 5%
2019
10,852,821
11,284,634
1,826,888
97,017
8,943
1,334,034
951,234
1,162,305
550,331
$28,068,207
2018
10,622,741
11,157,770
1,682,112
131,237
519,951
1,350,855
1,227,391
(286,557)
394,118
$ change
230,080
126,863
144,777
(34,220)
(511,008)
(16,821)
(276,157)
1,448,862
156,213
$1,268,589
% change
2.2%
1.1%
8.6%
-26.1%
-98.3%
-1.2%
-22.5%
-505.6%
39.6%
4.7%
3%
1. Membership fees increased $230 thousand with growth at locations in Pinellas, Pasco and Citrus Counties ranging from 1-5% per facility. The Clearwater Branch Y experienced a decrease of 3% compared to 2018.
2. Program Service Fees increased over 8% with growth in youth sports programs, aquatics lessons and swim teams and additional personal training.
3. Capital contributions in 2019 and 2018 relate to future projects in Citrus County and Pasco County.
4. The Endowment contributions category includes estate bequests, endowment pledge commitments and memorial gifts. In 2018, donors made substantial pledge
commitments to the endowment as well as an estate distribution of nearly $300k.
5. Grant income decreased in part to $155 thousand in Safety Around Water Funding in 2018 but not in 2019. This grant was renewed for 2020. The amount of grant
income for capital improvement projects decreased by $80 thousand in 2019 compared to 2018.
6. The investment income return depends heavily on the asset types within the endowment account. The endowment portfolio produced over $1.1 million of return in 2019
compared to a loss of $0.3 million in 2018 due to strong performance in equity-based mutual fund investments.
EXPENSES
Programs
Management and General
Development and Fundraising
Total
2019
$24,168,951
$3,661,584
$485,937
$28,404,239 99.7%
$26,799,618
2018
$23,623,996 85.9%
$3,357,572 12.2%
$528,546 1.8%
$27,510,114 100.0% YMCA OF THE SUNCOAST | ANNUAL REPORT 2019
Difference
$544,955
$304,012
$(42,609)
$894,125
85.1%
12.9%
1.7%
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