YMCA of the North Shore Inc
95% goes to programs $5 to raise $100 Strong reserves Growing revenue
YMCA of the North Shore Inc is a 501(c)(3) organization based in Beverly, Massachusetts, registered in 1942, with $74,412,182 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
Po Box 7073, Beverly, MA, 01915 EIN 04-2104913 Since 1942
Revenue (FY2024)
$74.4M
▲ 9.4% vs prior year
Human Services median: $293K
Expenses (FY2024)
$70.1M
Net assets
$104.6M
Employees
2,422
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating95% to programs · $5 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For YMCA of the North Shore Inc: 95% to programs · $5 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +6% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For YMCA of the North Shore Inc: 18 mo reserves · +6% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For YMCA of the North Shore Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For YMCA of the North Shore Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Our ymca welcomes all. we strengthen communities, educate and nurture children, and promote healthy living in spirit, mind, and body.
What they do
Healthy living - at the y, we believe that being healthy means more than simply being physically active. it is about maintaining a balanced spirit, mind and body. the y is a leading voice on health and well-being issues, a leader in fighting chronic disease, and committed to empowering people to lead fuller lives. we bring families closer together, promote healthy living, and foster connections through fitness, sports, fun and shared interests. as a result, millions of youth, adults and families receive the support, guidance and resources they need to become and stay healthy. membership and fitness - the ymca served over 58,000 members from in and around the north shore region of massachusetts. the organization's full-service facility in plaistow, new hampshire served more than 2,000 members. the ymca provided more than $2,200,000 in financial assistance to those children, adults and families who were unable to pay for membership. more than $400,000 of memberships were provided at no cost to the approximately 870 individuals that participated in our corner stone program supporting cancer survivors and their families. aquatics - our y is a leading voice in community water safety. we teach young children to swim, certify lifeguards to protect our region's beaches, and provide health and wellness programs to ensure adult well-being. approximately 5,250 children participated in our swim lessons.
Social responsibility - at the y, we believe that when we work together, we move individuals, families and communities forward. since 1858, our y has responded to society's most pressing needs by developing innovative, community-based solutions and uniting people from all walks of life to participate in and work for positive social change. whether advocating for healthy food options for underserved communities, or giving people an affordable place to live, the y is committed to empowering people with the resources and support needed to live healthy, connected and secure lives. residence - our y provides affordable housing facilities in beverly, ipswich, cape ann, and haverhill. approximately 600 children and adults are provided a safe, affordable and clean space to call home.
Contact & location
- Address
- Po Box 7073, Beverly, MA, 01915
- City
- Beverly
- State
- Massachusetts
- Category
- Human Services
- Subcategory
- Human Service Organizations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $35.9M (FY2013) to $74.4M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $41.4MNet assets $104.6M
Operating margin
5.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$146.0M
Total liabilities
$41.4M
Net assets
$104.6M
Salaries & benefits
$46.3M
66% of expenses
Board members
31
31 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $74,412,182▲9.4% | $70,090,257▲11.9% | $104,601,698▲8.4% | $146,016,716▲6.0% | 990 |
| 2023 | $68,012,296▲7.1% | $62,630,578▲14.0% | $96,475,030▲9.4% | $137,749,618▲6.3% | 990 |
| 2022 | $63,528,658▲20.1% | $54,941,787▲17.7% | $88,165,896▲12.2% | $129,611,197▲8.1% | 990 |
| 2021 | $52,904,408▲39.5% | $46,680,538▲28.7% | $78,582,252▲15.3% | $119,924,593▲12.1% | 990 |
| 2020 | $37,912,591▼22.4% | $36,257,896▼17.8% | $68,170,496▼11.3% | $106,968,222▲2.8% | 990 |
| 2019 | $48,825,683▲2.1% | $44,114,068▼1.2% | $76,846,272▲9.1% | $104,009,682▲4.8% | 990 |
| 2018 | $47,799,344▲2.3% | $44,655,213▲6.3% | $70,423,632▲3.2% | $99,284,639▲0.9% | 990 |
| 2017 | $46,713,636▲1.3% | $41,989,240▲11.5% | $68,247,770▲17.5% | $98,410,643▲24.3% | 990 |
| 2015 | $46,135,785▲18.7% | $37,643,147▲8.0% | $58,068,803▲15.7% | $79,172,388▲9.9% | 990 |
| 2014 | $38,858,443▲8.2% | $34,841,658▲6.7% | $50,196,166▲9.0% | $72,037,516▲0.3% | 990 |
| 2013 | $35,910,016 | $32,659,713▲4.3% | $46,070,780▲9.2% | $71,798,996▲19.4% | 990 |
| 2012 | — | $31,323,050▲4.2% | $42,174,487▲7.8% | $60,133,347▲1.5% | 990 |
| 2011 | — | $30,063,661▲3.2% | $39,105,578▲8.4% | $59,246,830▲0.5% | 990 |
| 2010 | — | $29,135,510 | $36,075,549 | $58,971,982 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Christopher Lovasco — $460,166 (0.66% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Christopher Lovasco | President & Chief Executive Officer | 40 | $460,166 |
| Kevin Mccarthy | Chief Financial Officer / Executive Vice President | 40 | $293,295 |
| Gerald Mackillop | Chief Operations Officer | 40 | $240,636 |
| Marjorie Cregg | Chief Advancement Officer | 40 | $196,129 |
| Alysha Monfette | Chief Marketing Officer | 40 | $175,784 |
| Tracy Fuller-soucy | Executive Director | 40 | $165,079 |
| Timothy Flaherty | Executive Director | 40 | $161,403 |
| Rebecca Imperiali | Vp of Charitable Giving | 40 | $158,353 |
| Cynthia Marchand | Executive Director of Education | 40 | $158,265 |
| Brian Flynn | Executive Director | 40 | $157,802 |
| Mari Matt | Chief Human Resource Officer | 40 | $154,094 |
| Betsy Shields | Board Member | 2 | — |
| Bill Gause | Board Member | 2 | — |
| Bob Scott | Trustee Member | 2 | — |
| Braden Monaco | Board Member | 2 | — |
| Brad Paul | Board Member | 2 | — |
| Brandon Ruggieri | Chair | 2 | — |
| Brian Hines | Board Member | 2 | — |
| Caleb Loring III | Trustee Member | 2 | — |
| Chip Mcconnell | Trustee Member | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Sv Design | Architect | $328,719 |
| Cummings Properties | Building Lease | $201,343 |
| Derek Bickford | Construction | $190,395 |
| Sundance Screenprints | Program Supplies | $140,981 |
| Timothy S Hopkins Catering | Event Catering | $129,680 |
Grants received · $9.7M total
108 grants to YMCA of the North Shore Inc totaling $9.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Raymond James Charitable Endowment Fund | General support | 2024 | $44,250 |
| National Council of Young Mens Christian Assns of the USA | Program support | 2024 | $23,850 |
| New Hampshire Charitable Foundation | For general operating support in nhcf's geographic service area | 2024 | $15,000 |
| Silicon Valley Community Foundation | Youth development | 2024 | $15,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $10,000 |
| American Endowment Foundation | Human service | 2024 | $10,000 |
| The Us Charitable Gift Trust | For recipient's exempt purpose | 2024 | $7,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $254,200 |
| Donor Advised Charitable Giving | Human services | 2023 | $141,000 |
| National Council of Young Mens Christian Assns of the USA | Program support | 2023 | $67,344 |
| Northeast Hospital Corporation | Care access and/or to address other identified community health needs | 2023 | $39,264 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $30,000 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $25,000 |
| Boston Foundation Inc | Operating support/annual fund | 2023 | $25,000 |
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Frequently asked questions
- Is YMCA of the North Shore Inc a legitimate nonprofit?
- Yes. YMCA of the North Shore Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2104913, based in Beverly, Massachusetts. Donations are tax-deductible.
- What is YMCA of the North Shore Inc's EIN?
- YMCA of the North Shore Inc's Employer Identification Number (EIN) is 04-2104913.
- How much revenue does YMCA of the North Shore Inc report?
- YMCA of the North Shore Inc reported $74,412,182 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of YMCA of the North Shore Inc's spending goes to programs?
- YMCA of the North Shore Inc spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does YMCA of the North Shore Inc have?
- CharityIndex grades YMCA of the North Shore Inc A+, based on program efficiency and fundraising cost.
- How much does YMCA of the North Shore Inc's highest-paid employee make?
- The highest reported compensation on YMCA of the North Shore Inc's latest Form 990 is $460,166, paid to Christopher Lovasco (President & Chief Executive Officer).
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Data for YMCA of the North Shore Inc (EIN 04-2104913) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.