CEO QUARTERLY BRIEF – OCTOBER 2019

It’s been a busy, productive, and profitable summer! We continue to see significant gains year-over-year across our four key categories. Membership is up +5% year over year in an industry that, as a whole, has seen a record number of competitors enter the marketplace driven primarily by the rise of on-demand and virtual workouts. Water safety enrollment jumped +20% year over year. Our highly popular summer camps continued to deliver accelerated growth at +4.7% year over year and we’re still hearing rave reviews from children and caretakers. Before and After School Programs registrations are also up +9% year over year. Over the summer, we invested heavily in understanding the needs of our families. With a heightened focus on social-emotional development, we expanded our childcare teams with the addition of a Behavioral Specialist at several locations. In fact, registration is still open.

Since December 2016, overall debt is down 55%. Our steadfast mission to revitalize the Y and invest in our facilities has never been stronger with the completion of several major enhancements this past quarter bringing the total enhancement value close to $4 million dollars since January 2017.

As we move into the holiday season, we’re on a dedicated mission to help reduce the summer learning gap by sending 400 children to our life-changing summer camps. $250 will send one child to one week of camp. When you give to the Y, you’re helping us all move forward. Thank you for your continued support.

With Dignity and Respect,
Steven G. O’Donnell

YMCA OF GREATER PROVIDENCE RAISES OVER $130,000 TO SUPPORT CHILDREN & FAMILIES IN NEED

For the third year in a row, the Y’s annual golf tournament has raised over $130,000 to benefit children and families in need throughout Rhode Island and Southeastern Massachusetts. Proceeds from this year’s tournament will go directly to supporting the Y’s financial assistance program, which provides free access to valuable programs such as free memberships, swim lessons, camp scholarships, weight loss classes, and other life-changing programs.

“Our annual golf tournament is one of the most important ways we give back to children and families throughout our seven locations,” said Steven G. O’Donnell, CEO, YMCA of Greater Providence. “This tournament continues to grow each year as a result of our generous community partners like Thomas C. Slater Compassion Center, Inc. and East Commerce Solutions. Everything the Y does is in service of making us— as individuals and a community—better. As Rhode Island and Southeastern Massachusett’s leading Y provider, we give over $1.5 million in financial assistance to those who need it most.”

175 golfers traveled from as far as Wisconsin to brave the windy conditions of the Alpine Country Club in Cranston, RI, on Monday, October 7. Coming in at -16 under par were golf veterans Pat Canning, Bed Chatfield, Mark Flaherty, and Frank DeLeo. Other special guests included: two-time Olympic Medalist and current Cast Member of CBS’s Survivor, Island of the Idols, Elizabeth Beisel; Joe Andruzzi, Former New England Patriots’ three-time Super Bowl-winning offensive guard; Yianni Kourakis, award-winning Sports Director for WPRI 12 and FOX Providence; and Andy Gresh, Host of The Gresh Show, WPRO 99/7FM/630AM. Other notable guests and golfers included Nicholas A. Mattiello, Speaker of the Rhode Island House of Representatives; Charles A. Lombardi, Mayor of North Providence; Richard Fossa, Former Mayor of North Providence; and other State Representatives.

Thank you to all golfers and sponsors who supported this special event, especially our Premier Sponsor, Thomas C. Slater Compassion Center, Inc., and to all of our incredibly generous Sponsors.