Young Mens Christian Association of Greater Louisville

“The 990 is made available to the full board in draft view and after a brief time for review, questions or clarifications and potential changes for corrections, the 990 is filed and then released to the public via posting on our website.”

“The board minutes details when a member is abstaining from voting due to a conflict of interest.”

“The executive committee (ec) of the association board serves as the review and compensation committee. There is no independent compensation consultant other than what the ymca north american network (ynan) uses and our ec does not use that resource at any significant level here. The ec is provided with comparative data from the ynan including their independent consultant review and the south metro group and any local comparative studies purchased through local means. The committee then filters through their own experiences for local benchmarking. There is no written employment contract, the ceo serves "at-will". Modifications to compensation to ceo are accompanied by documentation from board chair and passed to personnel files. The ec also reviews salaries and makes recommended merits for sr. Mgmt team. The ec reviews an executive letter from the ceo and uses a 360 degree tool compiled by the board chair. The ec makes the final review and compensation decisions in "executive session" absent of any staff. The board chair reviews the results of the evaluation with the ceo.”

“The governing documents of the organization and the conflict of interest policy is availabe to the public upon request. The articles of incorporation are also available through the secretary of state's website. The annual financial statement audit and form 990 and 990t are provided to the public through the organization's website.”

“Completed construction on the new ymca at norton commons which opened january 20, 2013 to serve the constituents in and around the border of jefferson and oldham counties. Future plan is to combine sites on the location with a jefferson county public elementary school for a collaborative effort in serving that particular population, and jcps has until march 2015 to commit to their construction. The ymca was ready to move forward as part of our 3 prong approach to building in a suburban setting, a west louisville urban setting and in an outlying county (such as hardin or taylor county).not really a "program", but a means to develop more program to meet community need. New program developed in conjunction with ymca of the usa and offered in 2013 was the summer learning loss prevention: program framework: literacy (2.5 hours) enrichment (4.5 hours) duration: 6 weeks dosage: 4 days a week target population: low income 1st and 2nd graders staff to child ratio: 1 to 8 literacy curriculum-4 blocks model -guided reading -writing -self-selected reading -working with words enrichment curriculum-aligned to literacy -art/music (2 hours/week) -character development (1 hour/week) -physical activity (1 hour/day) -field trips (1 per week) -nutrition education (1 hour/week) youth who participated in the 2013 program (offered at two jefferson county public title 1 elementary schools) with pre and post test scores had, on average, a 2.5 month gain in their grade equivalent reading level. Our program led the nation (of 34 piloted ymca programs across the country) in parent engagement and additionally, parents reported the program helped their family read more books and spend more family time together.”

“Change in fair value of derivative financial instrument 653,143.”

“Oversight: audit committee (ac) made up of at least 3-5 members; some with financial knowledge and ymca board experience and with ymca operations knowledge. They review the annual audit and any mgmt letter with the external auditors. The external audit firm presents a draft of the audit to the ac and which time any questions or clarifications are made. In executive session (absent any staff) any remaining issues are addressed, if any. Ac would then typically accept the audit and present the audit to the executive committee of the ymca or to the full board at which time the independent audit partner makes a brief report to the full board. The executive committee has authority to act on behalf of the full board in the interim months where the board doesn't convene. Copies of the audit are available for physical review at the board meeting. The board votes to accept the audit in its final draft form and this is captured in the minutes. Ac addresses any need to bid out audit services on a 5-10 year cycle typically. 2013 indicates a change in partner in charge of annual audit, kept within same firm.”