Armed Services YMCA of the USA Group Return

“The review is conducted in august by the finance/audit committee before the irs 990 is signed by the ceo and submitted to the irs. The verbiage on the governance and management disclosures is reviewed and modified as necessary and the program descriptions are reviewed for accuracy. The finance/audit committees conducts this review by email. The final review assures that the irs 990 numbers agree with the audited financial numbers in the specific areas of functional expenses, executive compensation and program/mission accomplishment, that the administrative and fundraising ratios fall within approved board guidance, that all governance and compensation questions within the 990 are properly documented, and that all public disclosure documents are made available to the public on the asymca website and that three years of audited financials and irs 990's are posted for public review. The finance/audit committees then briefs the entire board of directors on their review of the current irs 990 and any discrepancies noted. Copies of the irs 990 are made available to the entire board of directors for their personal review and to resolve any questions they may have.”

“The asymca conflict of interest policy is reviewed at the fall board meeting each year. During the board meeting all board directors must complete and sign the new form before the meeting adjourns. The forms are reviewed and filed with the board minutes for that year. Any board members not in attendance are mailed a new conflict of interest form and they will be contacted for as long as it takes to get the signed forms back and filed. The key members of the headquarters staff (cdmo, cos, chro) also complete the conflict of interest forms. The executive directors of each asymca branch also complete a new form each year.”

“The headquarters chief of staff gathers all comparability data from the ymca of the usa and outside non-profit organizations of liked size and scope and geographic location. The headquarters coo provides that data, along with the y-usa recommended general salary increase to the branch board chairman for use in their evaluation and compensation review process. The local branch boards each do an independent evaluation of the executive director based on the ed evaluation and compensation package provided by the coo. These evaluations are compiled into one document which contains the evaluation and the recommendation for compensation for the new year. The evaluations and pay recommendations are sent back to headquarters for review by the ceo and then filing in the official employee record. At a regular meeting of the local board, the board of directors vote on the executive director compensation package and determine that the compensation is not excessive. The determination that the ed compensation is not excessive is then documented in the minutes of the local board meeting.”

“Through our website http:www.asymca.org”

“Interest rate swap -79,296. Transferred of assets to asymca usa -36,742,885.”