Chicago Youth Centers

“The Board amended the Bylaws of CYC for the following items: (i) account for the transition to members of the Board serving three-year terms; (ii) expand the Executive Committee to include up to thirteen (13) members; (iii) allow flexibility in committee chair term limits if the Board deems it appropriate, and better reflect actual practices in the selection of the Treasurer, Secretary, and Auxiliary Board chair; (iv) fill vacancies in the Board in between annual meetings (not to exceed the maximum number of Directors); and (v) allow the appointment of Local Advisory Board representatives to the Board. The Board adopted a charter for the Executive Committee to clarify the members of the Executive Committee and their roles and terms.”

“The Form 990 is reviewed by the organization's Chief Financial Officer and emailed to the full Board of Directors prior to filing.”

“On an annual basis, all board members and employees who are considered senior management must sign a conflict of interest disclosure form which is collected and maintained by the administrative assistant to the President/CEO. All board members are required to read and review the conflict of interest policy annually and complete a conflict of interest statement that states whether or not they have a conflict of interest. If they do have a conflict of interest, they must disclose it. If the conflict involves a matter being voted on by the board or a committee, that board member is not allowed to vote on the matter. All new board members brought on throughout the year must read the policy and sign the statement.”

“Two necessary components of compensation planning in any economic environment are compensation benchmarking and salary structure adjustments. The organization maintains a viable and comprehensive performance-based merit system. An outside consultant, HR Source, provided guidance in designing a wage and salary structure. The objectives were simply to: 1. Develop a competitive compensation structure utilizing benchmarking analysis of the metropolitan Chicago labor market. 2. Analyze current competitive pay practices of the organization in order to provide guidance on updating and improving administration of the compensation program for the employees in the positions involved. On an annual basis, aligned with the hiring anniversary of the CEO, the Executive Committee of the Board of Directors completes a performance evaluation on and approves the compensation for the organization's CEO. The CEO completes a performance evaluation for each member of the senior management team and consistent with guidelines established for the entire agency, and in adherence to the approved wage and salary structure, implements a salary adjustment based on the overall performance rating. A Board Resolution is completed and signed by the Board Chair following this process. The Board of Directors has approved an offer letter that stipulates the annual salary and any discretionary bonuses for the CEO.”

“The audited financial statements are available on Chicago Youth Centers' website as well as upon request. All other governing documents and the conflict of interest policy are available upon request. Documents are available on the same basis of disclosure prescribed by section 6104(d).”

“At Chicago Youth Centers, we educate and support children and families so they can succeed in the 21st century. We provide the tools, experiences, and resources needed for youth ages 3-18 to persist academically and develop socially and emotionally. We engage children early and provide services when they are most vulnerable: after school and during the summer. We offer family engagement programs to help families guide their children during critical transitions: entering kindergarten, starting high school, and preparing for college or a career. We build strong partnerships within communities to create a village of committed community leaders, schools, volunteers, and peer organizations dedicated to our children's success.”

“Miscellaneous: Program service expenses 2,910,440. Management and general expenses 96,243. Fundraising expenses 4,243. Total expenses 3,010,926.”