Young Mens Christian Association of Wenatchee

“An unredacted copy of the 990 Form is made available to all members of the Board of Directors prior to filing. Questions or concerns are reviewed by the Finance Committee and forwarded to the Board of Directors.”

“The Wenatchee Valley YMCA makes copies of the following items available for public review upon request.1. Articles of Incorporation.2. By-Laws.3. Conflict of Interest Policy.4. 501(c)3 Determination Letter form the Internal Revenue Service.5. Form 990 for each of the last three fiscal years.*6. YMCA Annual Reports for the last three years.The Wenatchee Valley YMCA did not have a copy of the Form 1023 in its possession on July 15, 1987 and is therefore not required to make a copy available for public review. The Wenatchee Valley YMCA has instead opted to make a copy of its 501(c)3 determination letter available for public review.*Form 990 is reviewed by the YMCA Board of Directors before being submitted to the Internal Revenue Service. Form 990 is added to the public disclosure documents at the same time it is submitted to the Internal Revenue Service.Two sets of public disclosure documents are available at the Wenatchee Valley YMCA, 217 Orondo Avenue, Wenatchee, Washington. One set is available in the administrative offices and another set is in the office of the Executive Director. Public disclosure documents are also available for public inspection on the Wenatchee Valley YMCA web site www.wenymca.org.”

“An unredacted copy of the 990 Form is made available to all members of the Board of Directors prior to filing. Questions or concerns are reviewed by the Finance Committee and forwarded to the Board of Directors.”

“The Conflict of Interest Policy is reviewed at the first Board meeting of each Board year. Conflict of Interest Disclosure Questionnaires are distributed to all directors, trustees, and key employees at the beginning of each Board year. The results of returned questionnaires are compiled and reviewed by the Executive Committe whose members are responsible for enforcement of the Conflict of Interest Policy.”

“The Board of Directors must annually approve the compensation or any change to the compensation of the YMCA Executive Director. The Board of Directors delegates its authority to determine the compensation of the Executive Director to the Executive Committee. When considering the compensation of the Executive Director, the Executive Committee meets without the Executive Director being present. Any other committee member who has a personal interest in the compensation of the Executive Director is also excluded from discussion and determination of the Executive Director's compensation.Before changing the compensation of the Executive Director, the Executive Committee determines that the compensation to be paid is reasonable. When determining whether or not the compensation of the Executive Director is reasonable, the Executive Committee considers all elements of compensation, compensation of Executive Directors of full-facility YMCAs in Eastern Washington state, the YMCA of the USA recommended salary range for Executive Directors of YMCAs with budget sizes similar to the Wenatchee Valley YMCA, and committee members' knowledge of compensation trends in North Central Washington.The Executive Committee process is documented in the committee minutes, in a letter to the Executive Director, and in a written report presented at the next regular meeting of the Wenatchee Valley YMCA Board of Directors. Documentation includes the date of compensation discussion, the compensation recommendation, the effective date of the action, committee members present, description of comparability data, and the action that the approved compensation recommendation is reasonable.”

“The Executive Director of the Wenatchee Valley YMCA is an officer of the organization, but does not meet the definition of a key employee. No other Wenatchee Valley YMCA employee meets the definitions of officer or key employee.”

“The Wenatchee Valley YMCA makes copies of the following items available for public review upon request.1. Articles of Incorporation.2. By-Laws.3. Conflict of Interest Policy.4. 501(c)3 Determination Letter form the Internal Revenue Service.5. Form 990 for each of the last three fiscal years.*6. YMCA Annual Reports for the last three years.The Wenatchee Valley YMCA did not have a copy of the Form 1023 in its possession on July 15, 1987 and is therefore not required to make a copy available for public review. The Wenatchee Valley YMCA has instead opted to make a copy of its 501(c)3 determination letter available for public review.*Form 990 is reviewed by the YMCA Board of Directors before being submitted to the Internal Revenue Service. Form 990 is added to the public disclosure documents at the same time it is submitted to the Internal Revenue Service.Two sets of public disclosure documents are available at the Wenatchee Valley YMCA, 217 Orondo Avenue, Wenatchee, Washington. One set is available in the administrative offices and another set is in the office of the Executive Director. Public disclosure documents are also available for public inspection on the Wenatchee Valley YMCA web site www.wenymca.org.”

“The Young Mens Christian Association of Wenatchee is a public charity open to all without regard to ability to pay. Members have the right to elect board members and must approve any changes to the Articles of Incorporation, but do not receive any distributions of income or assets from the organization.”

“The Young Men's Christian Association of Wenatchee is a public charity open to all without regard to ability to pay. Members have the right to elect board members and must approve any changes to the Articles of Incorporation, but do not receive any distributions of income or assets from the organization.”

“In accordance with the adopted by-laws of the Young Men's Christian Association of Wenatchee, the sale of any land or buildings of the organization is subject to review by the Board of Trustees. If the Board of Trustees votes against any such sale, the Board of Directors may overturn the decision of the Board of Trustees only with a 75% vote at a regular or special meeting of the Board of Directors at which a quorum is present.”

“More than 300 volunteers share their time and talents to enhance the quality and strength of YMCA programs. YMCA volunteers develop policies and shape the future of the Wenatchee Valley YMCA by serving on Committees and the Board of Directors. The Lake Wenatchee YMCA Camp relies heavily on volunteer nurses and work weekend volunteers. The Y-Splash program would not be possible without a strong corps of committed volunteers. More than 10 volunteers campaign for funds on the YMCA's Annual Partners with Youth Campaign to provide YMCA youth membership and program scholarships.”

“Steve Lee is a loan officer for Cashmere Valley Bank and a member of the YMCA Board of Directors. The YMCA had a loan with a 12/31/09 balance of $713,000 with Cashmere Valley Bank and made regular loan payments totaling $101,177 in 2010, until the loan was refinanced in December 2010. The new loan for $650,000 was secured from Cashmere Valley Bank in December 2010 and regular loan payments totaling $60,345 were made by the YMCA in 2011, and 2013. $120,000 in payments were made in 2012. The original loan decision was made by the YMCA Finance Committee and Board of Directors before Steve Lee was on the Board of Directors. Loan terms from three banks were considered and the names of the banks were withheld during the discussion and decision process. Steve Lee was not present during the discussion and decision process. The YMCA has several bank accounts with Cashmere Valley Bank from which a standard interest is paid to the YMCA. The selection process for these accounts was made by the YMCA Finance Committee based on interest rates and bank locations. Steve Lee was not on the YMCA Board of Directors during the discussions that led to these decisions nor was he a part of these discussions. The YMCA purchases ACH and Credit Card services from Cashmere Valley Bank. The decision to purchase these services was made by the YMCA Executive Director based on bank location and convenience of having all banking services handled by one bank. Steve Lee was not involved in the decision process. All interest rates and charges were based on current market rates. Reported on Schedule L part II.”

“Jeff Rounds is a member of the YMCA Board of Directors. Jeff Rounds is the owner of Libke Insurance Associates. The YMCA purchases insurance services through Libke Insurance Associates. The YMCA paid Libke Insurance Services $53,642 in January of 2013 for auto, liability and property insurance services. The YMCA also purchases medical and dental insurance services through Libke Insurance Services, but makes payments of less than $10,000 per month directly to the insurance carriers. Libke Insurance Services has been providing insurance services to the YMCA for more than twenty years. Reported on Schedule L Part IV.”