Young Men'S Christian Association of Greater Richmond (6769)

“The executive committee is comprised solely of members of the board of directors, including the officers of the board of directors and chairpersons of standing committees of the board . The executive committee may exercise the authority of the board of directors except that it may not (i) fill vacancies on the board of directors or any of its committees; (ii) amend the articles of incorporation; (iii) adopt, amend or repeal the by-laws; (iv) approve a plan of merger or consolidation; (v) approve the sale, lease or exchange, or the mortgage, pledge or other disposition of all, or substantially all, of the property and assets of the association; or (vi) approve revocation of voluntary dissolution proceedings.”

“During 2013 the association reduced the number of members of the board of directors. A board development committee was established and revisions impacting the structure and duties of branch boards of management were also implemented. All of these changes will enable more efficient and effective governance of the association.”

“All information required for the form 990 is compiled by the accounting staff of the ymca of greater richmond and submitted to mcgladrey llp. A draft of the form is verified for accuracy by the ymca's accounting staff, including reviews by the vice president of finance & admin and the senior vice president & chief financial officer. A draft of the form 990 is provided to the president & chief executive officer for review and then discussed with the senior vice president and chief financial officer. The 2013 form 990 was reviewed with the audit committee at its meeting on june 18, 2014. Subsequently, all members of the board of directors were provided with an electronic link where a draft of the form 990 was available for their review. Members of the board of directors were also instructed to contact the senior vice president & chief financial officer or the vice president of finance & administration if, as a result of their review, they had any questions or comments pertaining to the form 990. The board was informed of the expected filing date of the form 990 which allowed a minimum of two weeks for them to access and review the document prior to filing.”

“The purpose of the conflict of interest policy ("policy") of the ymca of greater richmond is to protect the ymca when it is contemplating entering into a contract, transaction, or arrangement that has the potential for benefitting the private interest of a member of the board of directors, officers, key employees or other employees or volunteers who have the ability to exercise significant influence or authority over the affairs of the association. Annually, all such individuals are provided with a copy of the conflict of interest policy and are required to complete a questionnaire designed to identify potential conflicts for subsequent evaluation by executive management and the audit committee. The questionnaire requires each such individual to affirm that: 1. They have received a copy of the policy 2. They have read and understand the policy 3. They agree to comply with the policy 4. They understand that the ymca of greater richmond is a charitable organization, and that to maintain its tax-exempt status, it must engage primarily in activities that accomplish one or more of its tax-exempt purposes 5. They agree to report to the senior vice president & chief financial officer (cfo), (1) any change in the responses to the questions in the questionnaire that may result from changes in circumstances or (2) any further financial interest, situation, activity, interest or conduct that may develop before completion of the next annual questionnaire. 6. The information contained in the annual questionnaire is true and accurate to the best of their knowledge and belief as of the date signed. Administration of the conflict of interest questionnaire process is the responsibility of the cfo, under the direction of the president & chief executive officer. The cfo will also summarize and submit a confidential report to the audit committee concerning any potential conflicts of interest together with recommendations concerning the same. The audit committee will evaluate all such matters and make a report to the board of directors or its executive committee, including recommendations for any actions to be taken by the board or executive committee. In addition to the conflict of interest policy discussed above, all significant contracts, transactions or arrangements to which the ymca of greater richmond is to become a party require the direct involvement, evaluation and approval of executive management of the association and, to the extent called for by the association's financial policies, the approval of the fiscal management committee and board of directors or executive committee.”

“The ymca has a salary administration plan, which provides that all employees are compensated according to fair and uniform principles, and in relation to the contribution which they make to the success of the ymca of greater richmond. Also, they are paid at a level that compares equitably with salaries paid for services in comparable organizations, and are in compliance with all regulations as stated in the fair labor standards act. The ymca participates in the salary administration program of the ymca of the usa, which is based on the hay plan of salary administration. This plan includes written job descriptions, evaluation and ranking of positions in order of value and contribution to the organization, salary ranges, and salary adjustments based on merit as determined through performance reviews. The vice president of human resources and leadership development carries out hay plan administration, and the president/chief executive officer is responsible for the overall administration of this program. All employees, regardless of position level, earn salary increases based on achievement of performance standards. Increases are established annually, based on recommendations from yusa and merit pool recommendations as approved by the president/chief executive officer and senior vice president & chief financial officer. In reference to executive salaries, the ymca of greater richmond follows irs guidelines regarding intermediate sanctions annually. This process entails a detailed review of all executive level salaries, comparison to private and not-for-profit salaries of comparable positions via external data gathering, and executive compensation committee review to determine if excessive compensation exists. The executive compensation committee consists of the chair of the board of directors, immediate past chair, chair elect and chair of human resources committee. The vice president of human resources & leadership development provides the data for committee review, and the committee votes on whether the ymca compensation plan is in compliance with irs guidelines related to intermediate sanctions. This information is then shared with the full board of directors.”

“See explanation for form 990, part vi, section b, line 15a”

“The ymca of greater richmond's amended and restated articles of incorporation, amended and restated bylaws, audited financial statements, form 990, conflict of interest policy, code of ethics and policy on reporting suspected misconduct are all available upon request. In addition, they are posted on the association's website (www.ymcarichmond.org) and may be accessed by going to about the ymca of greater richmond governance and financial matters.”

“Membership dues 23,574,061 youth programs including: preschool, before & after school childcare, day camp, aquatics, youth sports and teens 11,242,222 fitness & wellness programs 783,642 child care during member use of facilities 17,991 training fees from other ymcas 43,829 total 35,621,917”

“Initial recognition of accumulated post retirement benefit obligation - -127367;”

“Other=facility maintenance supplies :”

“Other=framed posters and postcards :”

“OTHER=TICKETS :”

“OTHER=FOOD :”

“OTHER=EQUIPMENT :”

“Other=facility maintenance supplies :”

“Other=framed posters and postcards :”

“OTHER=TICKETS :”