Young Men'S Christian Association

“The board of directors delegates its authority to the executive committee. The executive committee is made up of 13 members of the board of directors, no outside members, and can act on behalf of the board, e.g. All powers of the board, in months that the board does not meet.”

“Steven ai, president & ceo of city mill, and jim yates, board member of city mill, have a business relationship.”

“The finance committee & the executive committee, who acts on behalf of the board of directors in months that the board does not meet, reviewed and approved form 990 prior to filing with the internal revenue service. A copy of form 990, as filed with the internal revenue service, will be provided to each and every finance committee member & board member prior to filing.”

“The cfo is charged with monitoring proposed or ongoing transactions for conflicts of interest and addressing any potential or actual conflicts. Pursuant to the conflicts of interest policy, an annual conflict of interest questionnaire, aimed at determining any family and business relationships and transactions or other transactions that may pose a potential conflict, is distributed to all covered persons (i.e., board members, officers and key employees). Covered persons are required to disclose real or potential conflicts at the time when such conflicts arise. When someone becomes a covered person and annually thereafter, each covered person is required to sign a statement affirming that she: (1) has received a copy of the conflicts or interest policy; (2) has read the policy and understands said policy; and (3) agrees to comply with all requirements of the policy, including completing the conflicts of interest questionnaire. If it is determined that an officer, director or key employee has a conflict of interest, the person is asked to leave the meeting during the discussion of, and the vote on, the arrangement involving the conflict of interest or the appearance of a conflict of interest. The board of directors discusses the arrangement and its alternatives. If a more advantageous arrangement is not reasonably attainable under circumstances that would not give rise to a conflict of interest or the appearance of a conflict of interest, the board of directors determines by a majority vote of disinterested members that the arrangement is in the y's best interest, is fair and reasonable to the y and whether to enter the arrangement. The minutes of the board contains the persons who disclosed or otherwise were found to have a conflict of interest and the nature of the conflict of interest. The minutes of the board also contain the names of the persons who were present for the discussion and the vote relating to the arrangement, the content of the discussion (including any action taken to determine whether the conflict of interest was in the y's best interest and any alternatives to the proposed arrangement), and a record of any votes taken in connection therewith.”

“The ymca of honolulu's board of director compensation committee (the "committee") is comprised solely of independent directors, none of which have a conflict of interest with respect to the compensation arrangement, and is accountable for setting a reasonable compensation for the ceo. The committee develops, consistent with the organization's philosophy and principles, the annual performance goals and criteria to be used in determining merit increases and incentive compensation criteria for the ceo. The association's written records include: (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); and (2) a description of any comparable data used. Appropriate comparability data for both the fixed and incentive compensation is obtained from the following: (1) via the ymca-usa, the national organization that charters all ymca organizations across the usa, and (2) via surveys of local based, similar sized companies, both for-profit and not-for-profit, with similar responsibilities. Comparability data used is drawn from similarly qualified persons in functionally comparable positions at similarly situated organizations in hawaii and on the mainland. The committee also obtains a written opinion on the appropriateness of the ceo's fixed & incentive compensation from the human resources committee, and develops a recommendation that is approved by the board of directors. The board of directors met in 2024 to determine the amount of fixed & incentive compensation, if any, to pay the ceo based off of the 2024 performance goals and evaluations. The minutes of the meetings to determine compensation include a list of members present, the actions approved by the board of directors, and a description of the comparability data used. The board of directors has appointed the ceo in charge of setting reasonable compensation packages for its other senior staff who are also officers or key employees of the young men's christian association ceo in conjunction with the hr director, and consistent with the organization's philosophy and principles, develops the annual performance goals and criteria to be used in determining merit increases and incentive compensation criteria for ymca's employees. The association's written records include: (1) terms of the arrangement with the disqualified person (including the date the arrangement was approved); and (2) a description of any comparable data relied upon by the ceo & hr director. Appropriate comparability data is obtained via the ymca-usa, the national organization that charters all ymca organizations across the usa. Comparability data used is drawn from similarly qualified persons in functionally comparable positions at similarly situated organizations in hawaii and on the mainland. This analysis for key employee compensation was last performed in october 2024.”

“While federal tax laws do not mandate that the organization's governing documents, conflict of interest policy and financial statements be made available for public inspection, the organization makes its financial statements and prior years' form 990 available on its website.”