Audit of the Old Colony Young Men’s Christian Association, Inc. Overview of Audited Entity

This section describes the makeup and responsibilities of the Old Colony Young Men’s Christian Association, Inc.

Overview

Old Colony Young Men’s Christian Association, Inc. (OCY) is a private nonprofit corporation established on September 10, 1888. According to its website,

The Y is a powerful association of men, women and children committed to strengthening communities through youth development, healthy living and social responsibility.

Old Colony YMCA is guided by four core values: caring, honesty, respect and responsibility. We serve 31 communities in Southeastern Massachusetts with programs for all ages and abilities, designed to build healthy spirits, minds and bodies. Old Colony Y is one of the largest human service providers in Southeastern Massachusetts, serving over 140,000 children and families.

As of June 30, 2019, OCY offered 29 programs throughout southeastern Massachusetts, including childcare, education, family support, job training, mental health treatment, mentoring, social supports, and violence prevention. OCY offers financial assistance to individuals who might not otherwise be able to partake in these programs. OCY also offers sporting activities, including swimming, gymnastics, dance, and martial arts, and its members have access to camps in Brockton, East Bridgewater, Middleborough, Plymouth, and Stoughton.

Sources of Revenue

According to its Uniform Financial Statements and Independent Auditor’s Reports,¹ during fiscal years 2018 and 2019, OCY received revenue from the following sources.

Summary of Revenue by Fiscal Year

Revenue Source	Fiscal Year 2018*	Fiscal Year 2019*
Private Client Fees (Excluding Third Parties)	$ 23,077,199	$ 23,923,977
Department of Youth Services	14,505,036	9,801,091
Department of Children and Families	5,182,646	5,276,108
Department of Early Education and Care—Contracts	3,275,328	3,686,847
Other Massachusetts State Agency Purchase of Service (POS)	2,787,141	4,508,369
Department of Transitional Assistance	2,559,881	2,546,803
Contributions, Gifts, Legacies, and Bequests	2,456,261	2,081,270
Department of Early Education and Care Voucher	2,240,914	2,233,143
Direct Federal Grants/Contracts	883,640	726,152
Client Resources	802,821	339,793
Massachusetts Local Government/ Quasigovernmental Entities	724,719	962,745
Department of Mental Health	534,619	569,235
Massachusetts State Agency Non-POS	324,521	319,095
Released Net Assets—Program†	319,960	632,877
Investment Revenue	307,709	394,379
Department of Elementary and Secondary Education	305,274	444,640
Commercial Activities	300,630	328,308
POS Subcontract	230,011	169,319
Private Client / Third Party / Other Offsets	228,316	270,662
Federated Fundraising	179,076	144,839
Other Grant (Excluding Federal Direct)	154,307	274,604
Released Net Assets—Equipment†	144,742	261,097
Medicaid –Subcontract	139,840	177,930
Department of Public Health	104,236	101,439
Other Revenue	56,575	139,756
Medicaid—Direct Payments	16,888	18,559
Medicare	4,063	2,324
Total	$ 61,846,353	$ 60,335,361

*     OCY’s fiscal year begins July 1 and ends June 30 (e.g., fiscal year 2018 began July 1, 2017 and ended June 30, 2018).

†     Released net assets are donated assets that have become available for spending because a donor-imposed stipulation has been satisfied.

1.     Under the state Operational Services Division’s regulations (Section 1 of Title 808 of the Code of Massachusetts Regulations), any contractor or subcontractor that has been awarded a contract in excess of $100,000 to provide human and/or social services from a Commonwealth agency is required to file a properly completed Uniform Financial Statement and Independent Auditor’s Report annually. These reports contain contractual and financial information prescribed by the Operational Services Division, including audited basic financial statements.

Date published:	February 23, 2021