Greater Providence Young Mens Christian Association

“The audit committee, which is a sub-committee of the board of directors, reviews the form 990 in detail and provides a high level report to the board of directors or their designee prior to the 990 being filed. A draft copy of the form 990 is provided to each member of the board of directors. A copy of the final form 990 report is made available to the members of the board of directors upon his/her request.”

“The conflict of interest policy is being monitored on a case by case basis where any material transaction with the related party is presented to the board for review and approval. Annually, key employees and the board of directors are asked to fill out and sign a conflict of interest statement.”

“A review of chief executive officer compensation lies with the executive committee. On an annual basis, the vp of human resources prepares a salary survey that is reviewed with the executive committee.”

“The executive committee reviews salary surveys annually for all officers of the organization.”

“The organization makes their governing documents, conflict of interest policy and financial statements available to the public upon written request.”

“Other Program Revenue - Total Revenue: 2075107, Related or Exempt Function Revenue: 2075107, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Residence Revenue - Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“(Expenses $ including grants of $) All other program service revenue”

“In april 2015, the financial accounting standards board issued accounting standards update no. 2015-03, interest - imputation of interest, which simplifies the presentation of debt issuance costs. The amendments change the presentation of debt issuance costs from an asset to a direct deduction of the debt on the accompanying statement of financial position. In addition, the amortization of debt issuance costs is now included in interest expense rather than amortization expense in the accompanying statement of functional expenses. This asu is effective for annual periods beginning after december 15, 2015. The organization has elected early adoption of the amendments for the year ended december 31, 2014. The amendments have been retrospectively applied. As a result, debt issuance costs of $130,553 have been reclassified from assets to a direct deduction of the debt in the statement of financial position as of december 31, 2013, and $4,515 of amortization expense has been reclassified to interest expense in the statement of functional expenses for the year ended december 31, 2013.”

“Decrease in beneficial interests in perpetual trusts - -147080;”