Young Women'S Christian Association

“Any woman or girl over the age of seventeen may become a voting member of ywca-nca. Each member in good standing is entitled to one vote.”

“Voting members as a corporate body are responsible for electing a board of directors to whom they delegate responsibility for the direction of ywca-nca. For election purposes only, each member receives one ballot to cast their vote.”

“Ywca-nca hires an independent accounting firm to prepare the federal form 990. Once a draft is presented, the federal form 990 is reviewed by the finance committee and then submitted to the full board of directors. After the federal from 990 is reviewed and approved, it is then submitted to the internal revenue service.”

“The conflict of interest policy is disseminated to the board of directors, staff and volunteers on an annual basis. Individuals are asked to sign and return the document as well as to disclose any conflicts of inerest as described in the policy. If a conflict should exist, the entire board of directors will then decide if the conflict is materially sufficient to warrant that board member to either step down or remain on the board of directors with limited voting rights.”

“Compensation of officers and key employees is determined based on several factors including market data, comparable data from the nonprofit sector for similar positions and actual historical compensation of individuals seeking employment for vacant positions. The last compensation review took place september 2021.”

“Ywca-nca uses its internal website (portal) and annual meeting as a means to make its governing documents public. Specific documents are provided upon request to the public, foundations, and various public entities.”

“On june 24, 2020 and april 6, 2021, the organization received loan proceeds in the amount of $229,265 and $278,710, respectively, under the paycheck protection program. The promissory notes called for monthly principal and interest payments amortized over the term of the promissory notes with a deferral of payments. Under the coronavirus aid, relief, and economic security act (cares act), the promissory notes may be forgiven by the small business administration in whole or in part. The organization has used the proceeds for purposes consistent with the paycheck protection program and has therefore met the conditions for forgiveness of the loan. Subsequent to year-end, the organization received full forgiveness for both loans, and accordingly, will record revenue from extinguishment of debt in fiscal year 2022.”