Page 15 - YMCA of the Suncoast Annual Report 2020

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.
Comparative results for the years ending Dec. 31, 2019, and Dec. 31, 2020.
Membership Fees
Child Care & Camp Fees Program Service Fees Contributions
Support and Revenue
Membership Fees1
Child Care and Camp Fees2
Program Service Fees3
Contributions - Capital
Contributions - Endowment4
Contributions - Other5
Grants6
Investment Income
Other 7
Total Support and Revenue
Grants
Investment Income Other
32%
13%
$ change
(4,097,329)
(4,651,450)
(909,880)
(48,662)
156,634
433,334
1,756,929
(519,506)
936,645
32%
4%
7% 3%
% change
-38%
-41%
-50%
-50%
1,751%
32%
185%
-45%
170%
-25%
2020
6,755,492
6,639,335
910,857
48,355
165,577
1,767,368
2,708,163
642,799
1,486,976
$21,124,922
2019
10,852,821
11,290,785
1,820,737
97,017
8,943
1,334,034
951,234
1,162,305
550,331
9%
1. Membership fees totaled 62% of the 2019 level due to the interruption of operations due to the pandemic. Facilities in Pinellas, Pasco and Citrus Counties were similarly affected, with membership revenues ranging from 60% to 67% of the prior year, varying by location.
2. Child Care and Camp Fees brought in 59% of the level from 2019 as schools were closed to in-person learning for a portion of the year and others transitioned to online learning in the fall. The Y provided Emergency Care for children of First Responders and Summer Programming in smaller group sizes in the midst of the COVID-19 closures.
3. Program Service Fees decreased 50%, representing changes in our ability to offer traditional youth sports, aquatics lessons and wellness training.
4. The Endowment contributions category includes estate bequests, endowment pledge commitments and memorial gifts. In 2020, donors made new commitments to the
endowment that will benefit YMCA programs and participants in perpetuity through annual distributions to operations.
5. Donors expanded to include hundreds of member-donors in 2020 to help support the mission of the Y. Generous individuals and members donated or continued to pay their
monthly membership fees during the months the facilities were ordered to close. These efforts made a significant impact.
6. Grant income increased to nearly three-fold in 2020 compared to 2019. Generous support from private foundations, corporations, Early Learning Coalitions and the Federal
Government CARES Act Relief Funds bolstered our ability to continue to provide critical community services.
7. The largest portion of Other income represents a land lease agreement with Pinellas County for a parcel of land that houses the Greater Ridgecrest YMCA. In 2020, the lease
agreement was renewed for an additional ten year term. The valuation of the lease, for $1 per year, was recognized as a $1.1 million contribution.
EXPENSES
Programs
Management and General
Development and Fundraising
Total
2020
$17,404,370
$3,178,717
$466,791
82.7%
15.1%
2.2%
2019
$24,168,951
$3,661,584
$485,937
85.4%
12.9%
1.6%
Difference
$(6,764,581)
$(482,867)
$(19,146)
$(7,266,594)
$28,068,207 $(6,943,285)
$21,094,878 100%
$28,316,472 100%
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