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 for review before it is electronically filed. 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 fitness, aquatics, recreational, social and other 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 11,000 people annually, including 4,600 members, at our facilities in rockport, rockland and north haven and through community outreach efforts in schools, libraries, and senior living communities. By creating community collaborations, and thanks to government and foundation grant funding, our community health outreach department offers substance abuse prevention, tobacco use prevention, and nutrition education programs. The penobscot bay ymca welcomes everyone regardless of ability, age, cultural background, ethnicity, faith,gender, gender expression, gender identity, ideology, income, national origin, race or sexual orientation. Membership and program fees are based on affordability with financial assistance available for those who cannot afford to pay our fees. In 2023, we provided membership and program assistance to 22% of our members.”

“Childcare - our y's three early learning and four after school programs offer quality and licensed care for children ranging in age from infants to school age. Our accredited early learning centers offer full-day, year- round care for babies as young as 6 weeeks old through pre-school, providing a safe and nurturing environment for little ones to grow and thrive and allowing parents to rejoin the workforce. Our after school programs for grade k to 5 help school age children to 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. Thanks to collaboration with community agencies such as the department of health and human services, as well as our generous donors, we ensure that financial assistance is available for families who cannot afford to pay for these life-changing programs.”

“Camp - the penobscot bay ymca's summer camp programs offer campers ages 4 through 13 an experience that lasts a lifetime, promoting physical well- being, social growth and self-respect. Through fun-filled activities, summer camp helps campers build character, emphasizing the y core values of caring, honesty, respect and responsibility. Our camps are open to all, regardless of income or identity, so that children appreciate diversity and inclusivity, become community leaders, and develop life-long values. In addition to traditional day camp, we offer gymnastics and competitive swim camps to teach new skills and provide fun-filled, safe environments for kids to grow and reach their potential. In 2023, we offered over 1,470 camper weeks of programming, served 370 children, and provided financial assistance to families in need.”

“Change in value of perpetual trust 61,064 special event expense 803 financial aid -110,044 special event expense -803 financial aid 110,044 total 61,064”