YMCA of Greater Vancouver

300-5055 Joyce Street
Vancouver, BC V5R 6B2
President & CEO: Stephen Butz
Board Chair: Jim Southcott

Charitable Reg. #:80397 6075 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

B-

RESULTS REPORTING

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

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.



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Programs

About YMCA of Greater Vancouver:

Founded in 1886, the YMCA of Greater Vancouver (YMCA Vancouver) aims to strengthen communities by engaging children and families. YMCA Vancouver operates across the Lower Mainland region of British Columbia. It has three main focus areas: helping children and families thrive, promoting healthy living, and fostering belonging and connection. YMCA Vancouver believes that community programs are crucial to helping children, adults, and seniors reach their full potential.

YMCA of Greater Vancouver offers services at 222 sites, with locations in Vancouver, Chilliwack, Richmond, and more. YMCA Vancouver works with 290 community partners to deliver its services. The charity’s programs include childcare, health and fitness, mental wellness, employment services, immigrant services, youth programs, summer camps, networking groups, and private events. In F2019, YMCA Vancouver reported that it served more than 120,000 people in total.

In April 2016, YMCA Vancouver launched its $140m “What Really Matters” capital campaign. Through the campaign, YMCA Vancouver planned to build new YMCA facilities in Surrey, South Vancouver, Chilliwack, and Coquitlam. In F2019, the charity announced that it had cancelled plans for a Surrey City Centre YMCA due to rising construction costs. However, the charity opened a Chilliwack YMCA and has future plans to open a Coquitlam site.

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Results and Impact

In F2019, YMCA Vancouver stated that it gave direct financial support to more than 10,750 people in need. The charity reports that this funding totalled $2.0m, an average of $186 per person.

While Ci highlights these key results, they may not be a complete representation of YMCA of Greater Vancouver’s results and impact.

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Finances

For the F2019 and F2018 analyses, Ci consolidated the financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation. Since YMCA Vancouver did not post the F2017 financials for its properties foundation, Ci consolidated only the charity and its foundation for F2017. Ci awarded full points for financial transparency since YMCA Vancouver has posted all financial statements for both the charity and foundation.

YMCA Vancouver is a medium-sized charity with donations of $4.3m in F2019. However, the charity and its foundations also received $33.2m in fees for services (51% of revenues), $14.7m in government grants (23% of revenues), and $4.3m in business or rental income (7% of revenues).

Administrative costs are 8% of revenues (less investment income) and fundraising costs are 9% of donations. This results in total overhead spending of 17%. For every dollar donated to YMCA Vancouver, 83 cents go to its programs. This falls within Ci’s reasonable range for overhead spending.

YMCA Vancouver and its foundations have $74.4m in total funding reserves, of which $10.6m is donor-endowed. Excluding donor-endowed funds, YMCA Vancouver can cover 127% or 15 months of program costs.

YMCA Vancouver’s capital spending is shown as negative in F2018 since it received $55.7m from the sale of its 5055 Joyce Street property. YMCA Vancouver also received $15.4m in proceeds on Vancouver property sales in F2017, exceeding its capital spending.

This charity report is an update that has been sent to YMCA of Greater Vancouver. Changes and edits may be forthcoming.

Updated on June 30, 2020 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending December
201920182017
Administrative costs as % of revenues 7.5%10.3%5.8%
Fundraising costs as % of donations 9.2%18.3%2.7%
Total overhead spending 16.7%28.6%8.4%
Program cost coverage (%) 127.0%190.0%111.7%

Summary Financial Statements

All figures in $000s
201920182017
Donations 4,3382,49417,579
Government funding 14,71411,2998,707
Fees for service 33,24631,74732,159
Business activities (net) 4,3353,898822
Investment income 8,0221,0293,238
Other income 7010783
Total revenues 64,72550,57462,588
Program costs 50,73344,21941,293
Grants 111111
Administrative costs 4,2695,0923,424
Fundraising costs 400457467
Other costs 624401236
Total spending 56,03850,18045,430
Cash flow from operations 8,68739417,158
Capital spending 23,088(36,856)(10,373)
Funding reserves 74,39292,08554,467

Note: Ci consolidated the audited financial statements of YMCA of Greater Vancouver, YMCA of Greater Vancouver Foundation, and YMCA of Greater Vancouver Properties Foundation. As such, grants transferred between the three related parties are excluded from revenues and expenses. Ci excluded grants from the foundation recognized as revenue, affecting total revenues and expenses by ($1.1m) in F2019, ($2.0m) in F2018, and ($1.0m) in F2017. Ci excluded grants from the properties foundation recognized as revenue, affecting total revenues and expenses by ($3.3m) in F2019 and ($2.9m) in F2018. Ci excluded grants from the properties foundation recognized as deferred capital contributions, affecting total expenses by ($200k) in F2019 and ($200k) in F2018. Ci excluded grants from the foundation for the “What Really Matters” capital campaign, affecting total expenses by ($4.2m) in F2019, ($1.0m) in F2018, and ($300k) in F2017. Ci noted that the audited financials for YMCA Vancouver and its foundation show different figures for grants recognized as revenue that could not be reconciled. Ci adjusted for the unreconciled differences in foundation grants, affecting total revenues by ($171k) in F2019, $285k in F2018, and $337k in F2017. Ci adjusted for deferred donations, amortization of deferred capital contributions, and contributions restricted for capital purposes. This affected donations and total revenues by $2.7m in F2019, $715k in F2018, and $13.2m in F2017. Ci included interest expenses, affecting other expenses and total expenses by $573k in F2019, $128k in F2018, and $28k in F2017.

Salary Information

Full-time staff: 617

Avg. Compensation: $38,770

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
5
$120k - $160k
4
$80k - $120k
0
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

The YMCA is a powerful association of people of all ages and abilities joined together by a shared commitment: to strengthen community.  We accomplish this goal by helping vulnerable children and families, promoting healthy living and reducing isolation.  Last year, the YMCA helped more than 120,000 children, youth, adults, families and seniors become stronger through life-enhancing programs and services. The YMCA of Greater Vancouver has been serving the Lower Mainland, Fraser Valley and Sunshine Coast for 130+ years and currently offers programs at more than 222 locations.  We are accredited by the Imagine Canada Charitable Standards Program and rigorously meet 73 dimensions in the areas of board governance, financial accountability and transparency, fundraising, staff management and volunteer involvement.

Charity Contact

Website: www.gv.ymca.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-939-9622

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