2024-11-14T20:14:13-06:00 2023-12-31 135565207 KPMG LLP 1003 BISHOP STREET SUITE 2210 HONOLULU HI 96813 990 2023-01-01 990073533 YOUNG MEN'S CHRISTIAN ASSOCIATION OF HONOLULU YOUN 8085313558 1441 PALI HIGHWAY HONOLULU HI 96813 GREGORY WAIBEL PRESIDENT/CEO 8085313558 2024-11-14 1 0 CANDACE C CHING P01698370 8085402800 2024-11-14 2023 2024-10-15 13:58:12Z GREGORY WAIBEL 1441 PALI HIGHWAY HONOLULU HI 96813 32516578 0 X WWW.YMCAHONOLULU.ORG X 1869 HI STRENGTHENING COMMUNITIES THROUGH YOUTH DEV, HEALTHY LIVING, & SOCIAL RESP PROGMS/SVCS. 40 40 1170 308 157397 0 10595514 8375979 16395329 19553513 306113 1281944 223396 419402 27520352 29630838 644 85037 0 0 16440109 17623835 109249 142788 1248848 10593823 11995833 27143825 29847493 376527 -216655 65273713 67432742 5921715 4805112 59351998 62627630 X STRENGTHENING COMMUNITIES IS THE Y'S CAUSE THROUGH PROGRAMS AND SERVICES FOCUSED ON YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. 0 0 13001147 13771 9582210 PROGRAMS FOR YOUTH DEVELOPMENT:OUR YMCA OF HONOLULU IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD. WE BELIEVE THAT ALL CHILDREN DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS, AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS OUR AFTER SCHOOL AND SUMMER CHILDCARE PROGRAMS, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. IN 2023, THE YMCA OF HONOLULU PROVIDED $493,736 OF PROGRAM FEE WAIVERS THAT MADE PARTICIPATION POSSIBLE FOR MANY YOUNG PEOPLE IN OUR COMMUNITY. IN ADDITION, THE YMCA OF HONOLULU TOUCHED THE LIVES OF OVER 10,418 CHILDREN THROUGH ITS YOUTH PROGRAMS. 7790835 0 8844408 PROGRAMS THAT DEVELOP HEALTHY LIVING:THE YMCA OF HONOLULU IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH, AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN, AND SHARED INTERESTS. AS A RESULT, 17,169 PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE, AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND, AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES, AND INCOME LEVELS. CONTINUED ON SCHEDULE OIN 2023, WE PROVIDED $176,392 IN MEMBERSHIP FEE REDUCTIONS TO PEOPLE WHO OTHERWISE WOULD HAVE FACED ECONOMIC BARRIERS TO PARTICIPATION. 4523969 71266 1126895 PROGRAMS THAT EMBODY SOCIAL RESPONSIBILITY:OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 150 YEARS. OUR DRUG TREATMENT AND INTERVENTION SERVICES WORK TO ELIMINATE SUBSTANCE ABUSE, DEVELOP SELF RESPECT,INCREASE POSITIVE ADJUSTMENT IN SCHOOL, IMPROVE FAMILY AND INTERPERSONAL RELATIONS, AND FIND SUITABLE EMPLOYMENT OPPORTUNITIES FOR TROUBLED YOUTH. OUR AFTER-SCHOOL/SCHOOL'S OUT PREVENTION AND YOUTH MENTORING PROGRAMS PROVIDE YOUTH WITH A SAFE, SUPERVISED PLACE AND ASSIST THEM TO DEVELOP INTEREST IN POSITIVE ACTIVITIES AS AN ALTERNATIVE TO AT-RISK BEHAVIORS SUCH AS VIOLENCE, GANG INVOLVEMENT, AND DRUG USE. CONTINUED ON SCHEDULE OOUR PROGRAMS PROVIDE LEADERSHIP DEVELOPMENT, COUNSELING, HOMEWORK ASSISTANCE, SUBSTANCE ABUSE EDUCATION, CAMPING, SPORTS AND RECREATION. BOTH OF THESE PROGRAMS ARE EXAMPLES OF HOW THE YMCA OF HONOLULU DELIVERS TRAINING, RESOURCES, AND SUPPORT THAT AFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. IN 2023, WE ENGAGED 419 INDIVIDUALS, LOWER THAN PERVIOUS YEARS DUE TO COVID, IN OUR OUTREACH PROGRAMS IN THE HOPES OF STRENGTHENING OUR COMMUNITY AND PAVING THE WAY FOR FUTURE GENERATIONS TO THRIVE. 25315951 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 37 0 1 1170 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 40 40 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 HI X X DWAYNE MASUTANI 8085415477 1441 PALI HIGHWAY HONOLULU HI 96813 GREGORY WAIBEL PRESIDENT/CEO 40.00 0.00 X 316270 0 58166 MICHAEL DOSS CHIEF OPERATING OFFICER 40.00 0.00 X 183535 0 41509 KERRI VAN DUYNE VP OF DEVELOPMENT 40.00 0.00 X 131094 0 42366 BELINDA JOHNSON VP OF FINANCE 40.00 0.00 X 139444 0 29599 JENNIFER TOWNSEND VP OF YOUTH DEVELOPMENT 40.00 0.00 X 122629 0 38031 LISA ONTAI VP OF MARKETING AND MISSION 40.00 0.00 X 118896 0 30158 LEIGH ANN LANDRETH VP OF MEMBERSHIP HEALTHY 40.00 0.00 X 116106 0 29521 NEILSON PERSAUD VP OF PEOPLE AND CULTURE 40.00 0.00 X 109606 0 26030 SHERWIN DUQUEZ FACILITIES DIRECTOR 40.00 0.00 X 100397 0 26853 ANDREW HOOD EXECUTIVE DIRECTOR 40.00 0.00 X 100568 0 26223 STEVEN C AI VICE CHAIR 1.00 0.00 X X 0 0 0 JOAN FUJITA TREASURER 2.00 0.00 X X 0 0 0 LINDA GEE SECRETARY 2.00 0.00 X X 0 0 0 ANDREW ROSEN CHAIRMAN 3.00 0.00 X X 0 0 0 PAULA AKANA BOARD MEMBER 1.00 0.00 X 0 0 0 JAY ANA BOARD MEMBER 1.00 0.00 X 0 0 0 BENJAMIN ANCHETA BOARD MEMBER 1.00 0.00 X 0 0 0 JAN BOIVIN BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 TAMMI BONGOLL BOARD MEMBER 1.00 0.00 X 0 0 0 MARK BRATTON BOARD MEMBER 1.00 0.00 X 0 0 0 DR PAUL J CARRY BOARD MEMBER 1.00 0.00 X 0 0 0 ROY CATALANI BOARD MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 COLTON CHING BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG CHONG BOARD MEMBER 1.00 0.00 X 0 0 0 CARL E CHOY BOARD MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 DR MICHAEL J CHUN BOARD MEMBER 1.00 0.00 X 0 0 0 ADELIA CHUNG BOARD MEMBER 1.00 0.00 X 0 0 0 DANIEL CODY BOARD MEMBER 1.00 0.00 X 0 0 0 CLAUDIA CRIST BOARD MEMBER (SINCE 6/30/23) 2.00 0.00 X 0 0 0 LISA FURUTA BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 WAYNE HAMANO CHAIRMAN BOD 1.00 0.00 X 0 0 0 JEFFREY S HARRIS BOARD MEMBER 1.00 0.00 X 0 0 0 GREG HESTER BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 SARAH KALICKI-NAKAMURA BOARD MEMBER (THRU 4/30/23) 1.00 0.00 X 0 0 0 KEKOA KALUHIWA BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 BRETT KATAYAMA BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 EMILY OSHIMA LEE BOARD MEMBER 1.00 0.00 X 0 0 0 RYAN LEE BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN LEONG BOARD MEMER (THRU (3/31/23) 1.00 0.00 X 0 0 0 JEN-L W LYMAN BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 ARNOLD MARTINES BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW MEADE BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 ROBIN ES MIYAMOTO BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 KURT MURAO BOARD MEMBER 1.00 0.00 X 0 0 0 KURT MURATA BOARD MEMBER 1.00 0.00 X 0 0 0 SANFORD MURATA BOARD MEMBER 1.00 0.00 X 0 0 0 KU'UHAKU PARK BOARD MEMBER 1.00 0.00 X 0 0 0 STACY PHILIPPOU BOARD MEMBER 1.00 0.00 X 0 0 0 FREDERICK ROHLFING BOARD MEMBER 1.00 0.00 X 0 0 0 KEITH M SAKAMOTO BOARD MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 BOBBY SENEHA BOARD MEMBER 1.00 0.00 X 0 0 0 SHANA TONG BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 LANCE WILHELM BOARD MEMBER 1.00 0.00 X 0 0 0 REUBEN SF WONG BOARD MEMBER (THRU 6/30/23) 1.00 0.00 X 0 0 0 JIM YATES BOARD MEMBER 1.00 0.00 X 0 0 0 TERENCE YOUNG BOARD MEMBER (SINCE 6/30/23) 1.00 0.00 X 0 0 0 1438545 0 348456 10 0 1 0 ROBERTO LANDSCAPING & MAINTENANCE LLC 94-1000 PUIA STREET WAIPAHU HI 96797 LANDSCAPING 296900 CONCEPT IMAGINEERING 50 S BERETANIA ST HONOLULU HI 96813 TECHNOLOGY SERVICES 242858 LIFELINE FIRE & SECURITY 2045 LAUWILIWILI ST 901 KAPOLEI HI 96707 CCTV SERVICE 242124 KPMG LLP 1003 BISHOP ST SUITE 2210 HONOLULU HI 96813 AUDIT & TAX SERVICES 197510 ALPHA OMEGA PLUMBING 91-1121 KEAUNUI DR SUITE 108 PMB EWA BEACH HI 96706 CONSTRUCTION CONTR. 185142 8 13486 6244880 2117613 29498 8375979 YOUTH DEVELOPMENT PROGRAMS 900099 9582210 9582210 HEALTHY LIVING PROGRAMS 900099 8844408 8844408 SOCIAL RESPONSIBILITY PROGRAMS 900099 1126895 1126895 19553513 833264 833264 222497 8928 213569 213569 213569 3310512 2849750 12082 460762 -12082 448680 448680 22451 14980 7471 7471 8235 0 8235 8235 MACNUT FARM LUNCHES 720000 157397 157397 OTHER REVENUE 900099 32730 32730 190127 29630838 19553513 157397 1543949 4000 4000 81037 81037 1532960 900924 416447 215589 13402746 12661964 348580 392202 765008 723517 18252 23239 696462 679121 4083 13258 1226659 1150088 31870 44701 22608 6061 16547 197443 64428 133015 62827 62827 142788 142788 60336 60336 1692504 1508844 163596 20064 420012 330624 73061 16327 2630744 1646545 908331 75868 3365211 2717973 502143 145095 377839 308868 68444 527 240966 148571 46808 45587 65 65 305796 305796 2022019 1551416 367097 103506 303033 261578 35314 6141 BAD DEBT 164479 164479 RECRUITMENT SERVICES 75202 75202 OTHER 32604 17263 13906 1435 MEMBERSHIP DUES 22145 7652 11972 2521 29847493 25315951 3282694 1248848 8400 10679 2812327 1840388 0 0 2962926 2744889 0 0 0 0 0 0 40917 38470 235395 316479 66057675 31576984 34791955 34480691 24237251 27882491 0 0 0 0 184542 118655 65273713 67432742 2578293 2633812 0 0 3148082 2042837 0 0 0 0 0 0 0 0 0 0 195340 128463 5921715 4805112 X 52534455 55174765 6817543 7452865 59351998 62627630 65273713 67432742 -216655 3492287 0 X 0 1 X 1 1 1 X 6326273 9814308 10150159 10595514 8375979 45262233 6326273 9814308 10150159 10595514 8375979 45262233 45262233 756037 640893 777897 416193 1055762 3646782 397563 468938 43253 94359 220813 1224926 50133941 80253081 0.90280 0.86100 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: EMPLOYEE RETENTION CREDIT - 2020 AMOUNT: $ 382,120. INVENTORY SALES - 2019 AMOUNT: $ 166,131. 2020 AMOUNT: $ 14,155. 2021 AMOUNT: $ 16,247. 2022 AMOUNT: $ 23,524. 2023 AMOUNT: $ 8,235. OTHER - 2021 AMOUNT: $ 11,858. 2022 AMOUNT: $ 25,239. 2023 AMOUNT: $ 190,127. SPECIAL EVENT REVENUE - 2019 AMOUNT: $ 231,432. 2020 AMOUNT: $ 72,663. 2021 AMOUNT: $ 15,148. 2022 AMOUNT: $ 45,596. 2023 AMOUNT: $ 22,451. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 62827 0 0 62827 0 SCHEDULE C, PART II-B, LINE 1G THE ASSOCIATION MET WITH STATE LEGISLATORS TO ENCOURAGE THEM TO PASS THE ASSOCIATION'S GRANT IN AID REQUEST AND RESOLUTION. 0 6726568 5360 1029280 1134428 6626780 7007700 1098909 -1156213 223828 6726568 6328454 51626 828588 200968 7007700 5667385 165141 687240 191312 6328454 4883767 52767 923519 192668 5667385 0.44900 0.55100 0 0 5557770 5557770 51195201 25984205 25210996 2418682 1171645 1247037 6287745 4421134 1866611 598277 598277 34480691 OPERATING LIABILITIES 118655 LIABILITY UNDER SPLIT-INT AGR 9808 128463 X 33123125 3492287 3492287 29630838 0 29630838 29847493 0 29847493 0 29847493 PART V, LINE 4: FORM 990, SCHEDULE D, PART V, LINE 4 THE CORPUS IS TO BE MAINTAINED IN PERPETUITY WITH THE EARNINGS ON THE ENDOWMENT FUNDS, WHICH WILL BE USED TO SUPPORT YMCA OF HONOLULU PROGRAMS THAT PROMOTE HEALTHY LIFESTYLES, STRONG FAMILIES, LEADERSHIP SKILLS, VALUE DEVELOPMENT, INTERNATIONAL UNDERSTANDING, AND COMMUNITY DEVELOPMENT. PART X, LINE 2: FORM 990, SCHEDULE D, PART X, LINE 2 THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS GENERALLY NOT SUBJECT TO FEDERAL INCOME TAXES. HOWEVER, THE ASSOCIATION IS SUBJECT TO INCOME TAXES ON ANY NET INCOME THAT IS DERIVED FROM TRADE OR BUSINESS, REGULARLY CARRIED ON AND NOT IN FURTHERANCE OF THE PURPOSES FOR WHICH IT WAS GRANTED EXEMPTION. NO INCOME TAX PROVISION HAS BEEN RECORDED, AS IT IS THE OPINION OF MANAGEMENT THAT NET INCOME FROM ANY UNRELATED TRADE OR BUSINESS, IF ANY, IS NOT MATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY FEDERAL TAX AUTHORITIES FOR YEARS BEFORE 2020 AND STATE TAX AUTHORITIES FOR YEARS BEFORE 2019. X X X X X X X 1 DONOR BY DESIGN GROUP LLC PO BOX 7106 CAROL STREAM IL 60197 CAP CAMPGN 0 0 105092 0 THE FUND DEVELOPMENT GROUP 4348 WAIALAE AVE SUITE 282 HONOLULU HI 96816 CAP CAMPGN 0 0 37696 0 142788 HI ANNUAL SUPPORT 12122 12122 2990 YOUTH 7045 7045 11737 19167 19167 14727 14727 4440 SCHEDULE G, PART I, LINE 2B, COLUMN (V) THE PROFESSIONAL FUNDRAISERS LISTED ON PART I LINE 2B, PROVIDED CONSULTING SERVICES TO ASSIST THE YMCA OF HONOLULU IN ITS FUNDRAISING EFFORTS, AND ARE NOT ATTRIBUTED TO ANY SPECIFIC CHARITABLE CONTRIBUTIONS RAISED. 1 HOUSING ASSISTANCE FOR CAMP ERDMAN INTERNATIONAL STAFF 36 13781 N/A N/A TUITION ASSISTANCE FOR COLLEGE CAMP PROGRAM 48 25000 N/A N/A COLLEGE TUITION SCHOLARSHIPS TO EMPLOYEES 13 42256 N/A N/A PART I, LINE 2: THE ORGANIZATION MONITORS MONTHLY, ITS GRANTS AND ASSISTANCE GIVEN TO INDIVIDUALS THROUGH ITS APPLICATION PROCESS AND THE TRACKING OF ITS EXPENSES TO THE GRANT REVENUE AVAILABLE FOR THE TYPE OF ASSISTANCE. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 GREGORY WAIBEL PRESIDENT/CEO 286270 0 30000 0 0 0 36600 0 21566 0 374436 0 0 0 MICHAEL DOSS CHIEF OPERATING OFFICER 183535 0 0 0 0 0 22399 0 19110 0 225044 0 0 0 KERRI VAN DUYNE VP OF DEVELOPMENT 123094 0 8000 0 0 0 17327 0 25039 0 173460 0 0 0 BELINDA JOHNSON VP OF FINANCE 135944 0 3500 0 0 0 0 0 29599 0 169043 0 0 0 JENNIFER TOWNSEND VP OF YOUTH DEVELOPMENT 118629 0 4000 0 0 0 15830 0 22201 0 160660 0 0 0 PART I, LINE 1A SOCIAL CLUB DUES - PROVIDED TO GREGORY WAIBEL. THIS IS NOT INCLUDED IN COMPENSATION AS THE MEMBERSHIP IS USED PRIMARILY FOR BUSINESS PURPOSES AS EXPENSES ARE SUBJECT TO THE ORGANIZATION'S ACCOUNTABLE PLAN REIMBURSEMENT PROCEDURES. X 889 RETAIL VALUE X 6 25609 AVG MARKET VALUE X SPORTS GEAR 1 3000 RETAIL VALUE 0 0 1 1 PART I, LINE 32B: CONTRIBUTION OF STOCK IS HANDLED BY CKW, INVESTMENT MANAGER. THE DONOR SENDS THEIR STOCK DONATION DIRECTLY TO CKW WHO THEN TURNS AROUND AND SELLS IT WITHIN ONE BUSINESS DAY. CKW THEN WIRES THE NET PROCEEDS TO OUR BANK ACCOUNT. WE DO NOT USE ANY OTHER THIRD PARTIES TO SOLICIT, PROCESS, OR SELL NONCASH CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A 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. FORM 990, PART VI, SECTION A, LINE 2 STEVEN AI, PRESIDENT & CEO OF CITY MILL, AND JIM YATES, BOARD MEMBER OF CITY MILL, HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C 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. FORM 990, PART VI, SECTION B, LINE 15 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 2022 TO DETERMINE THE AMOUNT OF FIXED & INCENTIVE COMPENSATION, IF ANY, TO PAY THE CEO BASED OFF OF THE 2022 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 MARCH 2023. FORM 990, PART VI, SECTION C, LINE 19 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.