Overview
What is Young Men's Christian Association Retirement Fund?
The Young Men's Christian Association Retirement Fund is a charitable organization that offers financial security to retired YMCA employees. With approximately 16,797 retirees receiving monthly annuity payments, the average annual annuity amount is around $20,408. During the fiscal year ending June 30, 2023, the fund disbursed over $97 million in benefits, which included death and disability benefits. The organization provides a Defined Contribution Money Purchase Church Pension Plan, a Retirement Income Account Plan, and annuities to retirees based on their accumulated balances. Their mission aligns with empowering YMCA employees to attain financial stability, allowing them to focus on enhancing their communities through their work for the YMCA.
Official website here: www.yretirement.org
Is Young Men's Christian Association Retirement Fund legitimate?
Young Men's Christian Association Retirement Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Young Men's Christian Association Retirement Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $10,611,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $19,025,543
For more financial information, click here
Official website here: www.yretirement.org
What is the mission statement of Young Men's Christian Association Retirement Fund?
The Young Men's Christian Association Retirement Fund aims to empower YMCA employees in achieving economic security, allowing them to dedicate their efforts towards strengthening their communities through their work at the YMCA. The fund provides monthly annuity payments to over 16,700 retired employees, with an average annual annuity of approximately $20,408. In the fiscal year ended June 30, 2023, the fund disbursed benefits totaling over $97 million, which included death and disability benefits for participants and their beneficiaries. The fund offers a defined contribution money purchase church pension plan and a retirement income account plan to help participants save for retirement. Annuities are provided to retirees based on their accumulated account balances, and death and disability benefits are available to participants upon death or permanent total disability.
Official website here: www.yretirement.org
What is the revenue of Young Men's Christian Association Retirement Fund?
Young Men's Christian Association Retirement Fund's revenue in 2023 was $523,401,858.
Official website here: www.yretirement.org
Who are the executives of Young Men's Christian Association Retirement Fund and what are their salaries?
The average compensation at Young Men's Christian Association Retirement Fund during 2023 was $244,938. There are 121 employees and 12 volunteers at Young Men's Christian Association Retirement Fund.
Here are 37 key members and their salaries (Young Men's Christian Association Retirement Fund's CEO's salary is $815,861 and their total compensation is $873,021):
- Hunter Reisner (Chief Investment Officer)
- Scott Dolfi (President And Chief Executive Officer Until 6/2022)
- Mark Sinni (Deputy Chief Investment Officer)
- Suleyman Gokcan (Senior Managing Director Of Risk)
- Michael Cefole (President And Chief Executive Officer As Of 12/2022)
- Ivan Manolov (Senior Portfolio Manager)
- John Quinones (General Counsel)
- Gerard Rescigno (Chief Information Officer)
- James G Kirschner (Chief Strategy Officer)
- John Maimone Medwick (Investment Director)
- Derrick Stewart (Executive Vice President & Chief Operating Officer)
- Erik Strobel (Investment Director)
- Erik Moss (Investment Director)
- Kerri Hayes (Assistant General Counsel)
- Lauren A Koontz (Trustee Volunteer As Of 5/2023)
- Marcela Deitrich (Senior Vice President - Customer Service & Operations)
- Lisa Worthy (Senior Vice President - Finance)
- Denise Day (Board Officer Until 5/22)
- Elizabeth Delgado (Vice President - Human Resources)
- Patrick Lachanski (Senior Vice President - Head Of Finance)
- Nicholas Pon (Investment Director)
- Sandra J Morander (Trustee Volunteer Until 12/22)
- Elizabeth Kurilla (Vice President - Internal Audit)
- Matthew Blanchette (Vice President - Actuary)
- Joseph R Weist (Trustee Volunteer)
- Patricia Haverland (Vice Chairman) [Trustee/Director]
- William D Rueckert (Chairman) [Trustee/Director]
- Brian T Pederson (Trustee Volunteer)
- Christine C Marcks (Trustee Volunteer)
- Christopher O Blunt (Trustee Volunteer As Of 12/2022)
- David M Martin (Trustee Volunteer Until 12/22)
- Jurij Z Kushner (Trustee Volunteer)
- Mark Baumgartner (Trustee Volunteer)
- Scott C Evans (Trustee Volunteer)
- Stephen Ives (Trustee Volunteer)
- W Kelvin Walker (Trustee Volunteer)
- Gordon Bailey (Chief Administrative Officer As Of 3/2023)
Official website here: www.yretirement.org
Where can I find the form 990 for Young Men's Christian Association Retirement Fund?
The Young Men's Christian Association Retirement Fund’s most recent form 990 was submitted in 2023 and can be accessed here
Official website here: www.yretirement.org
Learn more at the official website: www.yretirement.org
Mission Statement of Young Men's Christian Association Retirement Fund
The Young Men's Christian Association Retirement Fund is a mission-driven organization dedicated to empowering YMCA employees to attain financial security and stability. This enables them to fully commit to enhancing their communities through their work with the YMCA. The Fund's mission is geared towards securing the economic well-being of YMCA retirees, allowing them to focus on their roles in strengthening communities.
Approximately 16,797 retired YMCA employees receive monthly annuity payments, with an average annual annuity amounting to approximately $20,408. During the fiscal year ending on June 30, 2023, the YMCA Retirement Fund distributed benefits, including death and disability benefits, totaling over $97,245,000.
The Retirement Fund offers participating YMCA institutions a Defined Contribution Money Purchase Church Pension Plan, adhering to Section 401(a) of the Internal Revenue Code. It also provides a Retirement Income Account Plan, as per Section 403(b)(9) of the Code, allowing employees to save for retirement. Retirees receive annuities based on their accumulated account balances in both the Retirement Plan and Tax-Deferred Savings Plan. Additionally, death and disability benefits are provided to participants or their beneficiaries upon death or permanent total disability.
Impact
This information is meant to be a general summary of Young Men's Christian Association Retirement Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Young Men's Christian Association Retirement Fund has a significant impact by providing monthly annuity payments to retired YMCA employees, allowing them to achieve economic security. Through their services, approximately 16,797 retired YMCA employees receive an average annual annuity of approximately $20,408. In addition, the fund provided benefits exceeding $97,245,000 during the fiscal year ended June 30, 2023. The bundled benefits offered by the YMCA Retirement Fund include retirement plans, tax-deferred savings plans, life annuities to retirees, and death and disability benefits for participants and their beneficiaries. This support enables YMCA employees to focus on strengthening communities through their work, contributing to the overall well-being of both the retirees and the communities they serve.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LIFE ANNUITIES
Revenue
$165,071,818
Organization Details
Founding Year
1921
Phone
(646) 458-2400
Main Address
120 Broadway, New York, NY, 102711999
Website
www.yretirement.org
NTEE Category
Code: Y30 - Mutual benefit
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