YMCA Camp Ockanickon Inc.

“The executive committee is compromised of the president/ceo and the following board members: chief volunteer officer, vice-cvo, treasurer, and secretary. The executive committee serves as an advisory committee for the board at large but is not granted any decision-making authority.”

“The preliminary form 990 is reviewed by the finance committee for accuracy and to clarify any points. The finance committee then recommends acceptance of the form 990 to the board. The board is provided a copy of the form 990 and they vote on the acceptance.”

“Each january all board members are required to sign the conflict of interest policy and there is a checklist indicating compliance with this. For new board members, the signing of the policy is part of their orientation process. In the event that there is a perceived conflict, it is discussed at the executive committee level. To ensure that there is no conflict with vendors, 3 sealed bids are obtained for projects and bids are awarded based on pricing, experience and expertise. These bids are kept in a binder by vendor which is maintained by the facility manager.”

“The ceo has annual goals and objectives that are compiled by the executive committee and the ceo. The goals and objectives are reviewed semi-annually, with the last review also being the assessment for compensation. Compensation is determined by reviewing the ymca of the usa salary ranges for comparable budget size as well as reviewing salaries paid to executive positions for similar nonprofit organizations. The cfo and coo have annual goals that are compiled by the ceo and the employee. The goals are reviewed semi-annually, with the last review also being the assessment for a merit increase. The merit increase is based on the performance rating. The cfo's review and compensation process is the same as all other full-time staff with the exception of the ceo who follows a process set by the board of directors.”

“The y's annual audited financial statements, its governing documents and conflict of interest policy are available to the general public upon request.”

“Inherent contribution 2,303,253.”

“The board of directors appoints the finance committee to review the audited financial statements prepared by an independent auditor.”

“Effective october 1, 2021, the y acquired all of the assets and assumed all of the liabilities of the ymca of gloucester county, inc. ("gloucester y"). The gloucester y was established in 1912, and was dedicated to the development of sprit, mind and body by providing leadership, programs and services to all county residents instilling the christian ideals of caring, honesty, respect and responsibility. The gloucester y provided healthy living, youth development and social responsibility programs. Concurrent with the transaction, the y executed a promissory note to effectuate the acquisition. Pursuant to the acquisition, the y acquired all assets and assumed all liabilities of the gloucester y. The y recorded an inherent contribution, representing the excess of assets acquired over liabilities assumed and consideration paid in the acquisition of gloucester y. The entities seek to further their common mission by substantially improving their programs.”