Hopewell Valley Young Men'S

“The form 990 is prepared by the outside cpa firm, reviewed by the ceo and provided to the governing body for review before it is submitted to the irs.”

“Procedure when a conflict of interest exists: where a conflict of interest is determined to exist, the ymca shall not enter into the proposed contract, transaction or arrangement unless the board or committee thereof has complied with the following: a. The chairperson of the board shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed contract, transaction or arrangement. B. After exercising due diligence, the board shall determine whether the y can, with reasonable efforts, get a more advantageous contract, transaction or arrangement from a person or entity without a conflict of interest. C. If a more advantageous transaction or arrangement is not reasonably possible, the board shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the y's "best interest," for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, the board shall make its decision as to whether to enter into the contract, transaction or arrangement. Procedure for violations of the policy: a. If the board has reasonable cause to believe a significant person has failed to comply with the disclosure requirements in this policy, it shall inform the person of the basis for such belief and afford the person an opportunity to explain the alleged failure to disclosure. B. If, after hearing the significant person's response and after making further investigation as warranted by the circumstances, the board or committee determines the significant person has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“The board consults with the ymca of the usa for assistance in the hiring and compensation of the ceo. This assistance includes the use of a ceo consultant as well as a salary survey of the ceo's in the northeastern region of the united states for comparable compensation information. A subcommittee of the board of directors, all independent with respect to the ceo, makes the final hiring and salary decisions.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Youth development: our ymca is committed to nurturing the potential of every child and teen. We believe all kids have great potential and deserve the opportunity to discover who they are and what they can achieve. That's why we help young people cultivate the values, skills and relationships that lead to positive behaviors, better health and educational achievement. Our ymca programs, such as before/after-school of hopewell valley, summer camp reign, ymca teen leaders, teen explorers, and the hopewell valley youth activity center, offer a range of experiences that enrich social-emotional, cognitive and physical growth. Expenses include subsidies and direct financial assistance that make participation possible for many of the young people we engage.”

“Special event expenses 47,346 rounding -2 special event expenses -47,346 total -2”