CLC YMCA FREQUENTLY ASKED QUESTIONS
Q. What did the most recent Capital Project completed in April 2018 include?
Details can be found in the Lincoln County News insert - however, in short, the project included a new, beautiful welcome center and lobby area, multigen and conference spaces, new Pre-K classroom, FARMS at the Y kitchen and raised beds, TRX and Cycling Center, expanded Healthy Living Center with new equipment, new locker rooms, raised track, town water and sewer, air exchange, parking, and so much more! Check out photos below.
Q. What are the current financial priorities of the Y?
-
Paying down a portion of existing debt through operations and fund development.
-
Selling the existing YMCA Child Care building in Nobleboro and adding the Child Care program to the Y's main campus. This step helps not only with debt reduction but also enables the Y to expand our square footage to meet the child care needs of the community and allows families to smoothly transition into all other programs at the Y (NOTE: Only 1/3 of the Nobleboro Child Care building is licensable for child care use, therefore, we pay a mortgage on the full facility that we can only use 1/3 of).
-
Building an endowment: Ensuring sustainability of what we have invested in for the future.
Q: What about an Aquatic Facility?
Until the current financial priorities are met (see above) we will not actively fund raise for an aquatic facility. First and foremost, we must take care of what has been updated and invested in.
Q: When will an Aquatic Facility happen?
When we sustain what we've invested in, and when the funds required to build and sustain an Aquatic Facility are raised.
Q: How much is an Aquatic Facility--including the family locker room, corridor and an endowment to sustain it--going to cost?
As of right now, a total of $7.5M.
$4M is for the project construction (a number that will fluctuate as time goes on and materials/labor charges grow) and $3.5M for an endowment to ensure sustainability from the beginning of opening the aquatics facility. Pools lose $150,000 annually to operate, regardless of the programming taking place, so in order to account for this anticipated and expected loss, it is imperative we include an endowment in the funds raised for the aquatic facility.
$1.1M is currently allocated to the aquatic from donors who designated their gifts specifically towards the Aquatic Facility fund.
