irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $10.19MThe Fund provides retirement annuity benefits to eligible participants, employees, and beneficiaries.
- #2 $981KThe Fund makes payments to beneficiaries upon the death of a participant or annuitant when applicable.
named programs · 4 · from sources
What they call their work
Death Benefit Payments
Distributes benefits to designated beneficiaries upon the death of a participant or annuitant
Optional After-Tax Contributions
Allows active participants to increase their retirement benefits by making voluntary after-tax contributions deducted from payroll
Retirement Annuity Benefits
Provides lifetime monthly annuity payments to retired YWCA employees, with six annuity options available for account balances of $5,000 or more
Self-Service Account Management
Enables participants to manage their accounts online, including updating beneficiaries, changing contribution elections, and managing direct deposit information
activities · 3 groups
What they do
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Union and Association Benefit Funds 3 activities
- Administers a defined benefit pension plan for YWCA employeesSponsors and administers the YWCA Retirement Plan, a cash balance defined benefit pension plan qualified under Section 401(a) and governed by ERISA, which pays retirement benefits from a trust holding plan assets to eligible participants across approximately 200 YWCAs in the United States.
- Applies interest and maintains financial stability of retirement accountsApplies a 4.06% annual interest rate to retirement account balances for 2026 and has maintained uninterrupted retirement plan operations through major economic and public health crises, including the 1929 stock market crash, the 2000 Dot-Com bubble, and the 2020–2022 COVID-19 pandemic.
- Manages a 403(b) retirement savings plan with employer matchingOffers the YWCA National 403(b) Plan through Mutual of America, enabling employees to make pre-tax and post-tax contributions via payroll deduction, with a 40% match on monthly contributions made by YWCA associations and immediate 100% vesting of employer contributions.
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Death Benefit Payments to Members 1 activity
- Provides fixed annuity benefits to retirees and beneficiariesOffers six types of fixed-life annuities and six lifetime annuity payment options with higher rates than commercial market offerings and no purchase fees, including payments to beneficiaries upon the death of a participant or annuitant.
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Uncategorized 2 activities
- Conducts retirement plan research and reportingReports data on retirement trends, including that the average retirement age for YWCA participants was 69.6 years in 2022.
- Enhances digital systems for retirement plan administrationUpgrades and maintains the YETI system with a redesigned interface and new functions, including multi-factor authentication for self-service accounts and the ability to upload revised or missing non-regular payroll files for retroactive enrollment or corrections.
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financials · form 990 · fy2024
revenue
Total revenue$19.95M
Contributions & grants$00%
Program service revenue$17.07M86%
Investment income$2.88M14%
Other revenue$0
expenses
Total expenses$38.29M
Program expenses78%
Admin / overhead22%
Fundraising0%
Salaries & benefits$3.55M
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$407.17M
Cash$9.41M
Investments$380.13M
Liabilities$6.96M
Net assets$400.21M
Liquid reserves122.1 mo
3 years on record · 2020–2024 · YoY revenue -9.0%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 7
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| Elliott Buchholz | Chief Executive Officer | 35 | $482K |
| Joseph DeRocchis | Chief Financial Officer / Chief Operating Officer | 35 | $352K |
| Guedner Villette | Systems manager | 35 | $250K |
| Paul Li | Systems Applications Manager | 35 | $242K |
| Michael Sangregorio | Controller | 35 | $223K |
| Josephine Chow | Contributions Manager | 35 | $208K |
| Mark Gallagher | Member Services Manager | 35 | $161K |
board members · 10
- Barbara B Glass — Board Member
- Deborah G Ullman — President
- Diana Gibson — Board Member
- Jacqueline W Bostic — Secretary
- Jan C Stewart — Vice President
- Kathleen Granchelli — Board Member
- Margaret Mitchell — Board Member
- Margaret S Neilly — Treasurer
- Marilee Lau — Board Member
- Sondra Vitols — Board Member
relationships · 8
Who they work with
- JP Morgan Chase Bank, N.A. Partner — Custodial Trustee holding assets for the YWCA Retirement Plan.
- Mutual of America Partner — Administers the YWCA National 403(b) Plan.
- Mutual of America Partner — Partner in administering the YWCA National 403(b) Plan for employee retirement savings.
- YWCA Partner — Provides retirement benefits to employees of YWCAs throughout the USA.
- YWCA Associations Partner — Participating YWCA Associations enroll employees, submit contribution rates, and report status changes to maintain retirement fund participation.
- YWCA USA Partner — Collaborates with YWCA USA to celebrate shared history and mission during Women's History Month 2026.
- YWCA associations Partner — YWCA associations contribute monthly to participants' retirement accounts based on elected contribution levels.
- YWCAs Partner — Partners with approximately 200 YWCA associations nationwide to administer retirement benefits for their employees.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Cash Balance Defined Benefit Plan with Market Risk Protectionmethodology: cash_balance_pension_modelBy using a cash balance defined benefit structure with employer contributions matched by the Fund and growth tied to U.S. Treasury rates, the organization provides predictable, market-protected retirement accumulation because this design shields participants from investment volatility while ensuring steady, guaranteed growth.
- Gender-Equitable Annuity Designmethodology: gender_equitable_annuitiesBy offering lifetime pension payouts without longevity-based penalties for women, the organization ensures fair retirement income distribution because it counteracts traditional actuarial practices that disadvantage longer-lived populations, particularly women, thereby advancing equity in retirement security.
- Lifetime Income Guarantee to Mitigate Longevity Riskmethodology: lifetime-income-guaranteeBy providing annuities that generate guaranteed lifetime income, the organization protects retirees against outliving their savings because these instruments convert accumulated assets into a stable, irreversible income stream regardless of lifespan.
- Mission-Aligned Retirement Supportmethodology: mission-aligned retirement supportBy extending retirement benefits specifically to YWCA employees, the organization reinforces its broader mission of justice and dignity because secure retirement is framed as an extension of workplace equity and long-term care for those serving the movement.
- Three-Legged Stool Retirement Modelmethodology: three-legged-stool-retirement-modelBy combining pension benefits, Social Security, and personal savings, the organization supports comprehensive retirement income readiness because this diversified approach reduces reliance on any single source and increases financial stability in retirement.