Sterling-Rock Falls Family YMCA

“Marty benson and mary benson have a family relationship”

“The board reviews the 990 before filing with the internal revenue service.”

“Ii. Statement of policy directors, officers, employees and volunteers of the ymca shall adhere to the highest standards of honesty, ethics, propriety, good faith and fair dealing in all activities relating to the ymca. Compliance with the ymca's conflict of interest policies and procedures is a condition of employment or service to the ymca. No ymca director, officer, employee or volunteer or "family member" (as defined below) shall accept gifts, entertainment, discounts, benefits, gratuities, or favors of any kind from any person, firm or corporation with whom the ymca is a party to a contract, transaction or arrangement, or with whom the ymca is contemplating entering into a contract, transaction or arrangement, which could reasonably be expected to influence, or create the appearance of influencing the individual's actions affecting the ymca. This prohibition is not intended to preclude business meals or other nominal matters in the reasonable and ordinary course of business. The ymca will not engage in any contract, transaction or arrangement involving a "conflict of interest" (as defined below) without establishing appropriate safeguards to protect the interests of the ymca. To that end: a. Each significant person must promptly, fully and timely comply with the disclosure requirements set forth in this policy, or as otherwise adopted by the board of directors in accordance with this policy. B. All material transactions, contracts or arrangements involving a conflict of interest must be reviewed by the board governance committee ("committee"). C. The committee must determine by a majority vote of disinterested persons that appropriate safeguards and/or actions are in place to protect the interests of the ymca and are consistent with the purposes of this policy. D. Where appropriate, the committee shall seek advice of legal counsel. E. The committee shall report to the board of directors of the ymca ("board"), at least annually, on the results of its review. This policy applies to (a) significant persons, and (b) any material contract, transaction or arrangement involving the ymca.”

“The ceo determines the salary increases for the employees based on their performance. The executive committee annually reviews the salary of the ceo and determines what salary increase should be awarded. The national ymca shares comparability data annually for wages. This process usually takes place during december. As part of the budgeting process, the finance committee then reviews in general all salary adjustments.”

“Documents are available upon written request to the ceo.”

“The return was amended to report non-cash contributions of $500,000 on the statement of revenue line 1g. No cash contributions were reported in the original file, but were included in total contributions on the statement of revenue line 1f. Schedule b and schedule m also changed as a result of this update.”