Page 15 - YMCA of the Suncoast Annual Report 2021

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, 2020, and Dec. 31, 2021 (unaudited).
4% 4% 8%
12%
21%
Membership Fees
Child Care & Camp Fees Program Service Fees Contributions
Membership Fees1
Child Care and Camp Fees2
Program Service Fees3
Contributions - Capital
Contributions - Endowment4
Contributions - Other5
Grants6
Investment Income 7
Other 8
Total Support and Revenue
Grants
Investment Income Other
26%
25%
Support and Revenue
2021
2020
$ Change
% Change
7,289,303
7,463,176
1,166,108
124,748
2,074,031
1,307,068
6,027,433
1,045,403
2,236,061
$28,733,331
6,755,492
6,639,335
910,857
40,526
165,577
1,775,197
2,708,163
642,799
1,456,830
$21,094,776
533,811 8%
823,841 12%
255,251 28%
84,222 208%
1,908,454 1153%
(468,129) -26%
3,319,270 123%
402,604 63%
779,231 53%
$7,638,555 36%
1. Membership fees increased 8% as members returned to the facilities in greater numbers. 2021 membership revenue is 67% of 2019 membership.
2. Child Care and Camp Fees improved 12% from 2020 as schools were open the full year. While still less than the 2019 level, at 66%, many more children returned to school,
received quality before-and-after school care and participated in summer camp programs.
3. Program Service Fees increased 28%. Aquatics flourished by adding swim lessons and substantially growing swim team participation. Children rejoined youth soccer, basketball,
karate and other sports. More adults received personal fitness guidance and wellness programs.
4. Endowment contributions include a $2 million pledge from donor John Geigle, resulting in the renaming of a Y facility the John Geigle YMCA, in North Pinellas. This significant
gift will benefit YMCA programs and participants in perpetuity through annual distributions to operations.
5. The mix of contributions changed in 2021, with increases in capital and endowment. While Annual Support Campaign gifts increased about 12%, the prior year also included
nearly $500k in donated member dues and 2021 did not. In 2020, generous members continued to pay monthly membership fees during the months the facilities were ordered
to close. These efforts made a significant impact.
6. Grant income increased by qualifying for $3.6 million in Federal Employee Retention Tax Credits. This and other generous support from Florida Early Learning Coalitions, private
foundations and corporations, strengthened our ability to continue to provide critical community services.
7. InvestmentearningsonEndowmentassetsgenerated$400thousandmoreindividendsandinterestthantheyearbefore(15%return,upfrom10%).
8. ThelargestportionofOtherincomerepresentsa$1.8milliongainfromthesaleofClearwaterproperty,aswellasspecialeventsincome.In2020,wereneweda10-yearland
lease agreement with Pinellas County for a parcel of land that houses the Greater Ridgecrest YMCA. The terms resulted in recognition of a $1.1 million contribution in 2020.
EXPENSES
2021
2020
Difffference
Programs
Management and General
Development and Fundraising
Total
$18,987,476
$3,032,343
$529,223
84.2%
13.5%
2.4%
$17,404,370
$3,178,717
$466,791
82.7%
15.1%
2.1%
$1,583,106
$(146,374)
$62,432
$1,499,164
$22,549,042 100%
$21,049,878 100%
YMCAOFTHESUNCOAST | ANNUALREPORT2021
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