YMCA of Yarmouth

275 Main Street
Yarmouth, NS B5A 4B1
CEO: Yvonne Smith
Board Chair: Chris Perry

Website: www.ymcayarmouth.net
Charitable Reg. #: 10822 7505 RR0001
Sector: Social Services
Operating Charity

Social Results Reporting

Grade: D

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements available only through official request for information from Canada Revenue Agency [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #8

Avg. Compensation $26,301

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 0
< $40k 8
Information from most recent CRA Charities Directorate filings for F2012

About YMCA of Yarmouth:

Founded in 1905, the YMCA of Yarmouth is dedicated to the lifelong enrichment of its community by fostering the growth and development of people in body, mind, and spirit. The YMCA operates a fitness center in Yarmouth, Nova Scotia, which is open to all for a membership fee. The facilities include a weight room, 8 treadmills, 2 stretching areas, and 14 spin bikes, among others.

The centre offers fitness classes, including swimming, yoga, and boot camp, among others. It also runs programs for youth, including parent/tot swim, an indoor playground, basketball, and hockey. Additionally, the YMCA of Yarmouth funds Camp Wapomeo for youth.

Financial Review:

Fundraising costs are 5% of donations and administrative costs are 27% of revenue. The charity has funding reserves of $149k (including $11k of donor-endowed funds), which cover 30% of annual program costs. The YMCA had significant capital expenditures of $1.1m in F2011, due primarily to purchase of facilities. The auditors have indicated that the charity's circumstances (operating losses and a negative operating fund in recent years) cast significant doubt upon the organization's ability to continue as a going concern.

Financial Ratios

Fiscal year ending December
201220112010
Administrative costs as % of revenues 26.7%20.6%38.1%
Fundraising costs as % of donations 4.6%0.1%2.3%
Program cost coverage (%) 29.8%19.3%129.4%

Summary Financial Statements

All figures in $s
201220112010
Donations 71,266968,321339,222
Government funding 74,65379,57665,808
Fees for service 390,500356,625390,828
Lotteries (net) 98,636167,60188,671
Business activities (net) 1,6921,4101,453
Investment income 52416,44721,816
Other income 19,44916,34418,282
Total revenues 656,7201,606,324926,080
Program costs 500,108482,725451,279
Administrative costs 175,005326,767344,144
Fundraising costs 3,2867757,960
Cash flow from operations (21,679)796,057122,697
Funding reserves 148,82193,242583,774
Note: Ci reported the gross fundraising revenue. Ci reported deferred revenue and deferred capital contributions on a cash basis. Ci removed loss/gain on disposition of capital assets and unrealized loss/gain on investments. These adjustments changed revenue by ($17k) in F2012, $943k in F2011, and $234k in F2010.

Comments added by the Charity:

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