Southington-Cheshire Community YMCA

“The executive committee addresses policy needs, particularly as they relate to personnel, performs review of chief executive officer at least twice a year, prepares board meeting agenda, serves as a sounding committee before being sent to board, functions in place of the board when necessary. The executive committee is made up of the president, vice president, treasurer, secretary, and cheshire board of managers president.”

“The association is a nonprofit corporation with members. Any person of good moral character who is in sympathy with its purpose may become a member of the association. All members of the association 18 years and older may vote on association matters.”

“All of the association's members 18 years and older have the right to nominate representatives to the board of directors and to vote on the election of such directors.”

“Upon the written request by five percent of the association's members, a special meeting of the association may be held to transact business as specified in the request for the meeting.”

“The initial draft of form 990 is reviewed in detail by the association's cfo. After completion of any revisions, it is presented to the finance committee of the association for approval. The final draft of the return is emailed to members of the board of directors prior to filing for their review.”

“Officers, directors or trustees, and key employees are required to complete the conflict of interest policy form and review and summarize the results of all business transactions regardless of dollar amount. An annual summary of activity is provided to the board of directors. Any board member that engages in a related business transaction with the association must abstain from any vote regarding such transaction. The executive committee is responsible for monitoring compliance with this policy.”

“The executive compensation committee is comprised of 5 or 6 volunteer members that may include independent members of the board of directors. On an annual basis, this committee reviews comparable compensation for organizations in similar fields, of comparable size and funding, and recommends the total compensation and benefits package for the organization's ceo, top management official, other officers, or key employees of the organization. The association's board of directors has final approval of the recommendation. The board goes into executive session during the october board meeting. The ceo evaluation and salary recommendations are discussed and agreed upon by the board. The final information is then sent to the ceo and h/r department after the meeting. The process described here was last completed in 2024.”

“The association makes its governing documents, conflict of interest policy and audit report available by written request including a link on the association's website.”

“Market change in value of perpetual trust 121,463.”