Downtown Association of Yakima

“Form 990 is distributed to all board members via e-mail and is reviewed at a full Board of Directors meeting before submission. This form, all governing documents, financial statements, and meeting minutes are readily available upon request--reminders of this appear in the e-newsletter, at the monthly breakfast meetings, and on the website.”

“Compensation for the Executive Director is determined annually by the Executive Committee of the Board of Directors after a formal review of performance. The amount is determined after comparison with the amount paid to, and responsibilities of, other local CEOs of non-profits from whom the Executive Committee is confidentially able to secure such information. DAY's Executive Director is in the mid-range of the compensation paid in other similar non-profits, but is should be noted that such comparisons can only go so far--organizational size, sources of financial support, individual community standards and/or expectations, and other variables cause much divergence.”

“Form 990, all governing documents, financial statements, and meeting minutes are readily available upon request--notice to this effect appears in the e-newsletter, at the monthly breakfast meetings, and on the DAY website.”

“In 2020, DAY received $40,000 in local pandemic small business relief funds provided by the State of Washington, and $43,700 from the Payroll Protection Program of the CARES Act. Before year-end, it was announced that neither grant would require repayment.”

“The figure of $37,537 is the cost of a 2017 Chevrolet Silverado pick-up; purchased new in July 2017. Depreciation is not recorded by DAY, a tax-exempt organization. At year-end, the truck had a loan balance due of $9,632; monthly payments of $528.60 include the interest owing on the blance--this interest is reported in part IX, Line 20.”