The Waterbury Young Men'S Christian Association

“The organization's board of directors has assigned the duty of reviewing the annual 990 to its standing finance committee. The annual 990 is prepared by the organization's accounting firm working closely with the finance director and executive director. Copies of the completed return are provided to all members of the finance committee for review. Upon review by the finance committee, copies of the 990 form are provided to all board of director members”

“All board of director members, officers and key employees of the organization are required to complete a conflict of interest statement of disclosure annually. This disclosure statement requires the individual to answer a series of questions regarding transactions, events and circumstances which could lead to conflicts of interest. The disclosure statement also requires the individual to sign that they have read and understand the organization's conflict of interest policy and that their responses to the questions are complete and accurate. The completed annual conflict of interest disclosure statements are reviewed by the executive director and finance director of the organization. The executive director and finance director contact any individual if there are questions or answers to questions on the disclosure statement that need clarification or further research. If it is determined that a conflict does exist with respect to a matter, the organization enforces the policy by making sure that the person with the conflict does not participate in the decision-making process. Contemporaneous documentation is maintained of how all conflict matters are resolved. The finance director maintains records of individual business transactions and relationships reported on the disclosure statements as well as known transactions from accounts payable and general ledger records. These transactions and other conflict matters are compiled and provided to the organization's accounting firm for inclusion in the annual 990 return as necessary.”

“The executive compensation committee, comprised of the current waterbury ymca board of directors executive committee, allows the organization to take a systematic approach to managing its executive compensation plan. This is a body of volunteers with knowledge of the key employees' contributions to the organization who have no professional associations/business relationship with the persons under review. The executive compensation committee has the authority to determine the total compensation packages of its executives and comply with internal sanctions. Also, this committee completes the executive director's performance review. The role of the executive compensation committee is to provide the necessary direction and oversight of the organization's executive compensation. To develop the total compensation and benefits package of the executive director. And review the recommendations of the executive director regarding compensation. Source of comparable data: the objective is to seek total compensation data obtained from an independent source, if possible. In our case the committee chair utilized yusa data and benchmarks among a number of other ymcas. Report established by the compensation committee: determination of compensations is noted in the association's minutes and is available for review by the committee.”

“The process for determining compensation amounts for the organization's other key employees are included in the executive compensation committee process.”

“The organization's annual 990 filing is available for inspection on the publicly available website guide star. The organization's governing documents, conflict of interest policy, annual audited financial statements and annual 990 filing are available for inspection by members of the public at the organization's place of business during normal business hours. Appointments for review of these documents must be made with the organization's finance director in advance.”

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

“Shared Service Fees - WYS - Total Revenue: 90000, Related or Exempt Function Revenue: , Unrelated Business Revenue: 90000, Revenue Excluded from Tax Under Sections 512, 513, or 514: ;”

“The by-laws of the waterbury young men's christian association state that the mission of the waterbury young men's christian association is "to put christian principles into practice through programs that develop healthy spirit, mind, and body for all." the mission supports its charitable work and provides the foundation of the programs and services for the constituents in the community that promotes youth development, healthy living, and social responsibility. Established 166 years ago, the waterbury ymca has been able to offer a supportive network for community members and program participants throughout its history. The waterbury ymca is a charitable, community and social service organization that consists of men, women and children of all ages, abilities, incomes, ethnicity, and religions. It is dedicated to youth development, healthy living, and social responsibility, and accomplishes these goals by offering programs that address the needs of the greater waterbury community. In 2024, the waterbury ymca was able to offer financial assistance to individuals and families totaling more than $262,000, thereby granting access to member services and programs. These funds were made available as a direct result of the generosity of ymca supporters who contributed over $200,000 to the ymca community support campaign. Facilities: the facilities currently owned by the waterbury ymca allow us to do our charitable work and provide program services to the community. These facilities includes a 60,000 square foot handicapped accessible building on west main street and a 25,000 square foot facility on prospect street in waterbury, ct, an 80-acre outdoor center/camp facility in watertown, ct, a day camp program on the southbury training school property in southbury, ct as well as 6 off-site childcare programs in the greater waterbury area. In addition, the waterbury ymca aquired 83 prospect street, a 19,000 square foot building serving as the youth service bureau for the city.”

“The ymca had 21 policymaking volunteers including 21 voting members and more than 121 program volunteers who made significant contributions of their time in the furtherance of ymca activities by acting as mentors, coaches, program leaders, instructors and more. These services do not meet the criteria for recognition as contributions; therefore, their value is not reflected in this form 990.”

“(Expenses $ including grants of $)(Revenue $ 296,325) Other”

“The accrual method of accounting is used to record all expenses and all revenue other than memberships and program fees. The cash method of accounting is used to record membership and program fee revenue. This is the same method used for the organizations audited financial statements.”

“Other information related to program and community services: the waterbury ymca strives to serve a broad cross section of its community ensuring services are accessible and affordable to the community at large. Financial assistance is made available to those who can't afford the full fee. This is made possible by the support received from the greater waterbury united way, ymca community support campaign, and through the generosity of other foundations and donors.”