Wendell P Clark Memorial Young Mens Christian Association Inc

“Members - any other person who supports the purpose of the corporation and is a resident of the town of winchendon or of any other municipality in the service area may become a member and shall be entitled to use facilities of the corporation and be entitled to all other benefits and privileges of membership as shall be established by the board of directors, but in no event shall any person other than a member of the board of directors be entitled to vote on any matter whatsoever. Trustees - the persons who hold the outstanding capital stock of the corporation in accordance with the articles and chapter 611 of massachusetts acts, 1948 (referred to as the "stockholders or the "trustees") shall also be members of the corporation as that term is defined in chapter 180 of the massachusetts general laws and have the ability to override a vote of the board of directors if deemed in the best interest of the organization.”

“Trustees appoint the corporation's secretary and treasurer, and with the board development committee, nominate the president and vice president. Trustees also oversee the investments of the organization as the members of the investment committee.”

“Persons who are acting as trustees under the will of wendell p. Clark, late of winchendon, by appointment of the probate court having jurisdiction over said will shall hold office for so long as they shall serve as such trustees. The trustees shall without further ction by this corporation or by its directors constitute the investment committee. The investment committee shall have full power and control over the custody, management, investment and reinvestment of the securities, cash and other property at any time held for investment by this corporation and over all income from securities, due or any other source.”

“Upon completion of the irs form 990, the executive director and the finance committee are provided with a copy for review. After completion of the review process, all information obtained is then shared with the full board of directors.”

“Explanation of monitoring and enforcement of conflicts: each november, the executive director reviews the conflict of interest disclosures of each director, officer, and employee and has every applicable person renew the conflict of interest disclosure form. The completed forms are then reviewed by the full board of directors.”

“The compensation for the executive director is determined by the trustees.”

“Other organization documents publicly available: irs forms 1023 and 990, governing documents, conflict of interest policy, financial statements and other documents are made available for public inspection upon request.”