The Granite Young Men'S Christian Association

“For the year covered by this Form 990, TGY engaged an independent public accounting firm to perform an audit of its financial statements and to subsequently assist in the preparation and filing of its annual Form 990. In accordance with TGY's bylaws, the audit of TGY's financial statements and the preparation and filing of its annual tax returns are subject to the oversight of chief management and finance personnel, as well as the Organization's audit and finance committees. A draft of the Form 990 is prepared by the independent accountants and provided to the Organization for its review and consideration prior to filing; the Form 990 will only be filed with the IRS once the Organization's management has reviewed and approved the filing and after a copy of the Form 990 was made available to all active Board members.”

“The Board of Directors has adopted a Conflict-of-Interest Policy and briefs the Board annually on its provisions. Copies of the Policy and disclosures of potential conflicts are reviewed at regularly scheduled meetings of the Board. The Organization's Conflict of Interest Policy makes clear that conflicts of interest are prohibited, and any Director found to have engaged in a conflict of interest may be removed from the Board. Pecuniary Benefit Transactions, as defined by NH RSA 7:19-a, between Directors or officers and the corporation, shall be allowed if they are considered and approved under the provisions of that statute, with all the legal notices, publication and votes required for approval each fiscal year (for example, in accordance with State law, the Organization publishes in the local newspapers names of persons who have an interest, relationship, or conflict valued $5,000 or more). Annually, individual Directors shall disclose potential conflicts of interest in writing to the Chief Executive Officer, the Chair of the Board of Directors, and the Governance Committee. Any issues found to represent a potential conflict are discussed and voted on by the independent, disinterested Directors.”

“The Board shall employ a Chief Executive Officer who meets the qualifications required by the National Council. The Board shall determine a compensation that satisfies the IRS rebuttable presumption test: 1) review and approval by independent persons; 2) comparability data; and 3) contemporaneous substantiation of its deliberations and decision. The Board of Directors shall review the performance of the CEO annually against measurable goals and outcomes and give input where appropriate. The CEO shall report to the Board of Directors on all matters affecting TGY and shall perform such other duties as are assigned by the Board of Directors. All other employees of TGY shall be hired by the CEO in accordance with the policy set by the Board of Directors.”

“Copies of the Organization's governing documents, conflict of interest policy, and financial statements are made available to the publich upon request and in accordance with applicable law.”

“The Organization closed its branch in Rochester, NH (YMCA of Strafford County) on October 1, 2024. In addition, the Early Learning Center in Rochester was merged with the Somersworth Learning Center to continue offering childcare services.”

“Change in beneficial interest in trust 131,673. IRS payroll tax refunds 3,290.”

“The audit process has not changed since the prior year.”