Penobscot Bay YMCA

“Classes of members or stockholders - the by-laws state that the organization is made up of members.”

“Members of the board of directors shall be elected at the annual meeting by a majority vote of the members present.”

“Members shall hold the board of directors accountable and exercise governance power through the election of the directors to the board.”

“The form 990 is created from the information supplied to our auditors. After the auditors have created the federal information returns, the return is reviewed by the finance director to verify that it ties to the audit report. Also reviewed are the statements on part iii and part viii which discuss exempt purpose. Also disclosures regarding salaries over 100,000 and fringe benefits are reviewed for accuracy. Finally admin and maintenance allocations are reviewed for accuracy. The return is then handed to the finance committee and the executive director and the chief volunteer officer for review. Any questions are referred to the finance director and auditors. The final step is to present the return to the board of directors at the next monthly meeting. After the board has reviewed and approved the return, it is electronically filed. A copy is also sent with the audit report to the y-national, as a condition of certification. A copy is left at the front desk for public review. Copies of the last three years are made available to the public.”

“Enforcement of conflicts policy -excerpt from conflict of interest policy - section "x. Periodic reviews" - to ensure that the ymca operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic review”

“Irs intermediate sanctions rebuttable presumption statement: the organization formal policy and practice requires a periodic detailed review of key employees, including the executive director. Annual compensation, basic and supplemental insurance, retirement benefits, benefit allowances, are reviewed by the decision making body, who formally and extensively document their review in an employee performance evaluation form.”

“Governing documents, disclosure explanation, financial statements and the conflict of interest policy are on file with the front desk for public review. We leave copies for three years.”

“Wellness/grants - through recreational and wellness activities, the penobscot bay ymca teaches the y's core values of caring, honesty, respect, and responsibility. Members and program participants range in age from infants to senior citizens, and we serve approximately 5000 members and 26,000 program participants annually. By creating community collaborations, our y offers asset building programs, substance abuse prevention programs, and anti-bullying programs. The bulk of these programs are funded through government grants for which the y is the fiscal agent. The penobscot bay ymca welcomes everyone regardless of age, race, sex, ethnicity, religion, sexual orientation/preference, and identity. Membership dues are based on affordability with financial assistance available for those who cannot afford to pay for membership or programs.”

“Childcare - our y's two early learning programs offer qualified and licensed care for children ranging in age from infants to school age. We offer a variety of state licensed programs, both full and part-time, which provide a safe and nurturing environment where youth can develop self- esteem, strong values, and positive social skills. Our mission is to nurture the spirits, minds and bodies of individuals and families within our service area. Our y mission embodies a commitment to strengthening families. Our early learning programs assist families with nutrition education, child development counseling, and programs that help parents learn more about how to raise children that are happy and healthy. We collaborate with community agencies such as the department of health and human services so that financial assistance is available for those who cannot afford to pay. We provide assistance to over 30% of our families in a given year.”

“Livestrong at the ymca- cancer survivors; heartwatch- survivors of cardiac event; pedaling for parkinson's - indoor cycling for parkinson's survivors; island of north haven- fitness for island citizens nutrition program - our nutrition program features personalized nutrition advice and dietary care for diabetes prevention, general nutrition, management of diabetes and heart disease, and advice for healthy aging.”

“Change in value of perpetual trust -20,854 loss on disposal of assets -148,774 total -169,628”