YMCA of Kanawha Valley Inc

“The ymca of the kanawha valley makes known the content of form 990, as a matter of critical impirtnace, to the organization's key employers, audit committee, and governing body of directors. The form 990 is compiled from data provided by the ymca employees who have responsibilites, powers, or influences over the organization. An accounting firm completes the 990 in draft form. The ymca key employees, as stated above, review the 990 and make recommendations for changes. After all recommended changes are completed to the satisfaction of the key employees, it is forwarded to the audit committee. The audit committee reviews the form 990 in draft form. If the form is satisfactory to the committee then a final 990 is presented to the board of directors. After a complete review, all required parties sign the final form 990. The ymca of kanawha valley sends the completed 990 to the irs. The irs form 990 is made available to the public via guidestar (www.guidestar,org), and by request.”

“Procedures for identification of potential conflicts of interest: annual policy- each significant person, which is any director, officer, key employee, or committee member with board-designated powers, shall sign the annual conflict of interst policy as distributed by the board. Duty to disclose- a significant person must disclose the existence of any interest. All material facts must be provided so that decisions are made with full knowledge and undertsnading of the significant person's interest. Continuing disclosures- if, after compeltion of the conflict of interest policy, any significant person becomes aware of anything that could give rise to a potential conflict of interst with respect to a proposed contract, transaction or arrangement involving the ymca, the significant person shall promptly disclose that interest to the executive committee or its designee. Procedure for violations of the policy- a. If the executive committee 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 opprtunity to explain the alleged failure to disclose. B. If, after hearing the significant person's response and after making further investigation as warranted by the circumstances, the executive 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 of directors has appointed the officers of the board of directors to act as the president compensation committee. The committee is charged with establishing and annually reviewing the compensation philosophy and policy, which fairly rewards the president for performance benefiting the organization. The committee, at least annually, reviews and approves corporate goals and objectives relevant to president's compensation, and evaluate the president's performance in light of those goals and objectives. Along with the other independent members of the board, the committee shall determine and approve the president's compensation level based on this evaluation. Reviewing and approving of new compensation arrangement are subject, where necessary or appropropiate, to board approval. For this purpose, the president's compensation will include without limitation (1) annual base salary and/or (2) any other special supplemental benefits.”

“Documents are available upon request.”

“Change in net assets of afiliates 166,581.”

“The organization did not make any changes to the oversight process.”