Penobscot Bay YMCA

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

“The form 990 is created from the information supplied to our auditors. After our auditors have created the federal information returns, the 990 is reviewed by the finance director to verify that it ties to the audit report. Also reviewed are the statements on parts iii and viii which discuss exempt purposes. This also discloses 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 our finance committee and the ceo and chief volunteer officer for review. Any questions are referred to our finance director and auditors. The final step is to present the return to our board of directors at the next available board meeting. After board review, it is electronically filed. A copy is also sent with the audit report to ymca of the usa, 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 our y operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize our tax- exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: whether compensation arrangements and benefits are reasonable, are based on competent survey information, and are the result of arms length bargaining; whether partnerships, joint ventures, and arrangements with management organizations conform to our y's written policies and are properly recorded, and reflect reasonable investment or payments for goods and services, further charitable purposes, and do not result in incremental, impermissible private benefit, or an in excess benefit transaction.”

“Irs intermediate sanctions rebuttable presumption statement: the organization's formal policy and practices require a periodic, detailed review of key employees, including the ceo. Annual compensation, basic and supplemental insurance, retirement benefits, and benefit allowances are reviewed by the board of directors, who document their reviews formally and extensively in an annual 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.”

“The penobscot bay ymca is a cornerstone of our healthy community, fostering partnerships, providing programs and services and promoting youth development, healthy living and social responsibility to improve the quality of life for everyone.”

“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 3,600 members and 12,000 people annually at our three facilities in rockport, rockland and north haven and through community outreach efforts. By creating community collaborations, and thanks to government and foundation grant funding, our y offers asset building programs, substance abuse prevention programs, and nutrition education programs. The penobscot bay ymca welcomes everyone regardless of age, race, sex, ethnicity, religion, sexual orientation/preference, and gender identity. Membership dues are based on affordability with financial assistance available for those who cannot afford to pay for membership or programs. In 2021, we provided assistance to 20% of our members.”

“Childcare - our y's two early learning and four after/before school programs offer quality 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 accredited 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”

“Change in value of perpetual trust 72,746 special event expense 5,876 financial aid -85,181 special event expense -5,876 financial aid 85,181 change in value of perpetual trust 0 loss on disposal of assets 0 total 72,746”