City Year Inc

“Form 990 review process the tax return information is gathered by the finance office and used to populate form 990, in conjunction with kpmg llp, independent tax consultant. Once completed, the draft form is forwarded to the audit committee members to complete their review and approval of the form. It is provided to the entire governing committee for their review and comment prior to the filing of the form.”

“Conflict of interest policy all trustees, officers and key employees must disclose to the board any possible conflicts of interest at the earliest practicable time. No trustee, officer or key employee may vote on any matter under consideration at a board or committee meeting in which trustee, officer or key employee has a conflict of interest. The minutes of such meeting will reflect that a disclosure was made and a trustee, officer or key employee who is uncertain whether a conflict of interest may exist in any matter may request the board or committee to resolve the questions. Annually, trustees, officers or key employees are required to sign and submit to the audit committee for review conflict of interest statements disclosing any potential conflicts.”

“Compensation policy city year strives to be the employer of choice for highly talented professionals seeking a position with a mission-driven non-profit. Our goal is to attract, develop and retain high-performing talent from backgrounds and industry sectors. City year rewards employees for their individual job performance and contributions to the organization. City year targets compensation in line with the non-profit market to reflect city year's emphasis on performance, leadership and outcomes. City year compares itself to both non-profit and private sector organizations of similar size. In addition consideration is given to other organizations' structures, as well as to anything about a particular position that may be unique to city year. The purpose of the compensation policy is to establish consistent, sustainable, competitive, and transparent pay practices, aligned with city year's organizational strategy and compensation philosophy, across all departments and divisions of city year, inc. The people operations department is responsible for updating and managing enforcement of this policy. Procedure for setting market reference points the people and people operations departments benchmarks current market reference points using market data for representative positions from organizations as described above, and revises the market reference points for each group as needed. Market reference points for the chief executive officer and the ceo's direct reports (typically, but not limited to, executive vice presidents) must be approved by the chair of the board of trustees. Procedure for salary increases chief executive officer - all increases are determined and approved by the executive committee of the board of trustees, and communicated to the chief people officer for processing. Ceo direct reports - the ceo will inform the board chair of all proposed increases and communicate to the chief people officer and chief financial officer for processing. Executive directors, senior vice presidents, vice presidents, and any staff member with a base salary >$150k - all increases are proposed by the employee's manager to the people operations department and must be approved by the ceo, and communicated to the people operations department for processing. The deliberation and decisions are documented contemporaneously.”

“Public disclosure policy city year's form 990 and financial statements (audited annually) are made available to the general public through the organization's website, on request, and are available for inspection at the headquarter offices. City year makes its governing documents and conflict of interest policy available upon request. Additionally, the form 990 is available at www.guidestar.org related parties and affiliations city year is one of seven members of city year south african citizen service organization, a seperate legal entity which is incorporated under south african charitable organization laws. One inidividual member of city year south africa is also a trustee of city year. City year does not control and has no obligation to support or be a beneficiary of the net assets of city year south africa. As such, the financial records of city year south africa are not consolidated within city year's financial statements. City year has an affiliation agreement with city year uk, an organization incorporated as a company limited by guarantee under the english charity act. The affiliation agreement provides for, among other things, a governance structure that establishes the program as a fully independent uk charity, with city year entitled to appoint two persons to the board of directors. City year uk is, and shall at all times, remain financially independent from city year. City year does not control and does not have any financial obligation, responsibility or liability to city uk. As such, the financial records of city uk are not consolidated within city year's financial statements.”

“City year helps students and schools succeed, while preparing the next generation of civically engaged leaders who can work across lines of difference. Partnering with teachers, teams of city year americorps members cultivate learning environments where all students can build on their strengths, fully engage in their learning, and thrive.”

“City year helps students and schools succeed, while preparing the next generation of civically engaged leaders who can work across lines of difference. Partnering with teachers, teams of city year americorps members cultivate learning environments where all students can build on their strengths, fully engage in their learning, and thrive.”

“Unrealized net loss on change in fair market value of interest rate swaps -89,590.”