Greater Providence Young Mens Christian Association

“The organization amended their by-laws and the following significant changes were made: - directors shall not have the power to sell or mortgage any real estate without a majority vote at a board meeting attended by at least fifty percent (50%) of the members of the board of directors. - more than forty percent (40%) of the membership of the board of directors shall constitute a quorum for the transaction of business at any time with the exception of the sale or mortgage of real estate. - with the exception of the chair, the officers shall be elected at the annual meeting, and shall hold office for a three-year term, or until their successors are elected and qualified. The chair shall serve for a three-year term. - the governance committee will also review the by-laws, corporate charter and any other organizational documents of the ymca at the direction the of the board, and/or the executive committee and will make recommendations regarding any changes, revisions and/or additions to ymca corporate documents.”

“The form 990 is reviewed by the chief executive officer, finance manager and consultant cfo. A complete copy of the form 990 is provided to all members of the organization's board of directors prior to filing with the irs.”

“The organization has a conflict of interest policy which covers the organization's board of directors, officers, and key employees. Annually, such persons must complete and sign a conflict of interest statement to disclose any potential conflicts. Such persons must also disclose any potential conflicts as they arise. Potential conflicts are reviewed by the board of directors (with the interested person recused) who is responsible for determining if a conflict exists, and on the course of action to be taken.”

“The executive committee annually reviews the ceo's performance and success in meeting the association's goals and the job description expectations. Results are compared to regional and national standards and are reported to the board of directors with recommended changes to the compensation package. The process was documented in the minutes and was last conducted in 2024.”

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

“Compensation reported to julius allen williams on part vii, column (d) was for construction and renovation services provided and not for services in his capacity as a director of the organization.”

“Change in value of beneficial interest in perpetual trusts 189,965. Change in value of beneficial interest in assets held by a community fdn 47,094.”

“The organization has an audit committee that is responsible for the oversight of its financial statements and the selection of an independent accountant. The process did not change from the prior year.”