Armed Services YMCA of the USA

According to the Armed Services YMCA of the USA consolidated audit of December 31, 2020 (Note 1 re: Nature of Activities):

"Armed Services YMCA of the USA and Affiliates (ASYMCA) is a national member association chartered by the National Council of Young Men's Christian Associations of the United States of America (National Council)... ASYMCA is an independent not-for-profit corporation with its own volunteer board serving military communities. ... As of December 31, 2020, ASYMCA is composed of 13 affiliates (hereinafter referred to as branches) and a headquarters located in Woodbridge, Virginia. Headquarters functions as a liaison between the National Council and the ASYMCA branches and is responsible for providing administrative support to these branches."

CharityWatch's rating of Armed Services YMCA of the USA includes the ASYMCA headquarters and the 13 branches, noted above, the financial activities of which are consolidated in the ASYMCA audited financial statements for the fiscal year ended December 31, 2020. All intercompany balances are eliminated in the audit consolidation.

According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2020 (Note 2, Related Party Transactions):

"In addition to the 13 branches, ASYMCA has 21 affiliated member organizations. ... They provide on-site services similar to those provided by ASYMCA. ASYMCA conditionally agreed to pay a portion of the program directors' salaries, insurance and operational costs at some of these organizations, provided that the money is spent on program services to military personnel and their families. ASYMCA paid $148,142 to these organizations in 2020."

According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2020 (Note 1 re: Contributed services, facilities, materials and equipment), ASYMCA received "contributed professional services and materials, as well as use of facilities" in 2020 on which it placed a total value of $5,252,158, "including the use of facilities valued at $2,324,385."

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2020 (Note 7, Refundable Advance):

"Under the Coronavirus Aid, Relief and Economic Security (CARES) Act, ASYMCA applied for the Paycheck Protection Program (PPP) loan with the Small Business Administration (SBA) and received $2,168,502 during the year ended December 31, 2020. The PPP loan has a maturity of May 5, 2022 with 17 monthly payments beginning December 5, 2020. At December 31, 2020, the PPP funds were recognized as a refundable advance of $2,168,502 on the accompanying [audited] consolidated balance sheet.

"ASYMCA used the full amount of the PPP funds for payroll and other qualified expenses listed to be forgiven per the terms of the refundable advance. Management expects the full amount to be forgiven during the year ending December 31, 2021... ASYMCA determined it qualified for the program based on the criteria established by the SBA before applying and ASYMCA intends to meet the PPP's eligibility criteria for forgiveness. Subsequent to December 31, 2020, ASYMCA secured a Round 2 PPP draw in the amount of $2,000,000."

According to the Armed Services YMCA of the USA–Group Return (ASYMCA–Group) 2020 tax filing, ASYMCA–Group reports re: Business Transactions Involving Interested Persons, a transaction in the amount of $71,076 involving LG Design Wholesale and a family member of Sherri Yerington, an Executive Director of the Killeen, Texas branch. The transaction is described as: "Contracted with daughter's business to provide staff uniforms and youth sports jerseys (IRS Form 990, Schedule L, Parts IV & V).

According to the Armed Services YMCA of the USA (ASYMCA) consolidated audit of December 31, 2020 (Note 9, Commitments and Contingencies, COVID-19):

"Management is continually monitoring the potential impact of the pandemic on ASYMCA. Management will review and adjust planned expenditures should it be determined the outbreak will significantly impact the financial position and activities of ASYMCA. The impact on the future activities cannot be fully determined."

According to the Armed Services YMCA of the USA (ASYMCA) 2020 tax filing, ASYMCA reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):  "Bonus payments listed in Schedule J, Part II, Column B(ii) ['Bonus & incentive compensation'] were performance based."

ASYMCA reports "Bonus & incentive compensation" payments to four individuals in 2020, including $50,000 paid to William French, President/CEO, whose reported total compensation is $363,054. The reported "Bonus & incentive compensation" payments to the other three individuals ranged from $30,000 to $10,000, with associated reported total compensation ranging from $262,640 to $184,772 (IRS Form 990, Schedule J, Part II).

According to the Armed Services YMCA of the USA–Group Return (ASYMCA–Group) 2020 tax filing, ASYMCA–Group reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III):

Regarding nonfixed payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 7):  "Employees received performance based bonuses."

ASYMCA–Group reports "Bonus & incentive compensation" payments to two individuals in 2020. The reported "Bonus & incentive compensation" amounts are $10,000 and $5,000, paid to Executive Directors at the ASYMCA branches in San Diego, California and Killeen, Texas, respectively. The associated reported total compensation for the Executive Directors is $150,361 and $155,091, respectively (IRS Form 990, Schedule J, Part II).