2021-10-08T10:58:10-05:00 2021-03-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-04-01 133852957 GLYNWOOD CENTER INC GLYN 8452653338 PO BOX 157 COLD SPRING NY 10516 KATHLEEN FINLAY PRESIDENT 8452653338 2021-06-30 1 KATHLEEN FINLAY XXX-XX-XXXX GARRETT M HIGGINS P00543209 9143818900 2021-10-08 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z KATHLEEN FINLAY PO BOX 157 COLD SPRING NY 10516 12188045 0 X GLYNWOOD.ORG X 1995 NY GLYNWOOD WORKS TO ADVANCE REGENERATIVE AGRICULTURE THAT BENEFITS THE NATURAL ENVIRONMENT, ENERGIZES LOCAL ECONOMIES, ENHANCES HUMAN HEALTH AND STRENGTHENS RURAL COMMUNITIES. 15 15 37 40 52829 0 2453917 3271973 215283 303670 -413705 1007235 260458 103000 2515953 4685878 0 67977 0 0 2119657 2172745 0 0 233154 1676411 1481787 3796068 3722509 -1280115 963369 24391051 32626497 315739 752114 24075312 31874383 X GLYNWOOD'S MISSION IS TO ENSURE THE HUDSON VALLEY IS A REGION DEFINED BY FOOD, WHERE FARMING THRIVES. GLYNWOOD WORKS TO ADVANCE REGENERATIVE AGRICULTURE THAT BENEFITS THE NATURAL ENVIRONMENT, ENERGIZES LOCAL ECONOMIES, ENHANCES HUMAN HEALTH AND STRENGTHENS RURAL COMMUNITIES. 0 0 2017886 262386 SEE SCHEDULE O - FARMING 455991 67977 25246 SEE SCHEDULE O - PROMOTING REGIONAL FOOD 271592 16038 SEE SCHEDULE O - BUILDING PRODUCER NETWORKS 2745469 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 37 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY X X MARK DAISLEY VP OF FINANCE OPERA 8452653338 PO BOX 157 COLD SPRING NY 10516 JUDITH MOGUL CHAIR 6.00 X X 0 0 0 JUDAH KRAUSHAAR CO-VICE CHAIR 2.00 X X 0 0 0 PAUL N WATTERSON JR CO-VICE CHAIR 2.00 X X 0 0 0 CHRIS ZUEHLSDORFF TREASURER 2.00 X X 0 0 0 G KIRBY BROWN SECRETARY 2.00 X X 0 0 0 ALEXANDER REESE DIRECTOR 1.00 X 0 0 0 SCOTT BERRIE DIRECTOR 1.00 X 0 0 0 BRYCE O'BRIEN DIRECTOR 1.00 X 0 0 0 STIRLING WELCH DIRECTOR 1.00 X 0 0 0 JENNIFER P SPEERS DIRECTOR 1.00 X 0 0 0 VICTORIA WILSON-CHARLES DIRECTOR 1.00 X 0 0 0 STEPHEN M HAGGERTY DIRECTOR 1.00 X 0 0 0 LINDA QUELLA DIRECTOR 1.00 X 0 0 0 SEZELLE GEREAU DIRECTOR 1.00 X 0 0 0 FRIEDRIKE MERCK DIRECTOR 1.00 X 0 0 0 MARY ELIZABETH BUNZEL DIRECTOR THRU SEPTEMBER 2020 1.00 X 0 0 0 GEORGE PACCHIANA DIRECTOR THRU DECEMBER 2020 1.00 X 0 0 0 KATHLEEN FINLAY PRESIDENT 40.00 X 268153 0 35284 MARK DAISLEY ASST. TRES./VP OF FINANCE 40.00 X 103833 0 49060 ELIZABETH MILLER ASST. SEC./VP OF DEVELOPMENT 40.00 X 102220 0 45724 474206 0 130068 3 0 1 0 BASH CONTRACTING 189 UFS ROAD CLEARFIELD PA 16830 CONSTRUCTION 102742 1 124987 398477 2748509 708225 3271973 FARM INCOME 711130 262386 262386 FEE FOR SERVICE GRANT 711130 25246 25246 WORKSHOPS AND EVENTS 711130 16038 16038 303670 327604 327604 168165 49847 118318 118318 52829 65489 8116052 7436421 679631 679631 679631 0 124987 15899 -15899 -15899 MISCELLANEOUS INCOME 900099 581 581 581 4685878 303670 52829 1057406 67977 67977 602320 265249 204447 132624 1198940 1091945 66467 40528 38237 21790 15992 455 162199 96625 59679 5895 171049 89209 67172 14668 8253 5360 2544 349 32074 20832 9887 1355 135260 135260 114749 78163 31970 4616 5715 2049 2028 1638 146309 65703 69487 11119 51527 11758 27782 11987 70895 70895 7078 5311 983 784 4826 3417 784 625 326783 326783 126272 126222 50 UBIT EXPENSE 1025 1025 REPAIRS & MAINTENANCE 235799 227021 8287 491 FARM & FACILITY SUPPLIE 123344 97582 24903 859 CSA SNAP PURCHASES 40063 40063 51815 31515 15139 5161 3722509 2745469 743886 233154 83473 253644 4315542 3483359 137025 260713 14377 8837 7989244 5122845 2719888 2866399 10826873 13825189 6293873 11928356 24391051 32626497 106348 241039 73132 79541 30869 12522 105390 419012 315739 752114 X 2871535 4416126 21203777 27458257 24075312 31874383 24391051 32626497 963369 6835702 0 X X 0 1 X 1 0 X 1868251 1806226 1893736 2453917 3271973 11294103 1868251 1806226 1893736 2453917 3271973 11294103 3049998 8244105 440971 583740 733672 612970 443074 2814427 43563 8657 6463 2834 581 62098 14170628 1387234 0.58180 0.57160 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 37,605. 2017 AMOUNT: $ 7,259. 2018 AMOUNT: $ 6,033. 2019 AMOUNT: $ 1,530. 2020 AMOUNT: $ 581. CULINARY INCOME - 2016 AMOUNT: $ 5,958. 2017 AMOUNT: $ 1,398. 2018 AMOUNT: $ 430. 2019 AMOUNT: $ 1,304. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20853580 7842762 1772000 135260 26789082 22710398 986150 -1835389 879900 127679 20853580 21916362 1013849 745928 849184 116557 22710398 20388455 900000 2030002 1308486 93609 21916362 13605810 6800000 1856681 1874036 20388455 0.01870 0.98130 0 0 3486906 2006201 1480705 2584226 1514066 1070160 1795054 1602578 192476 123058 123058 2866399 HEDGE FUNDS 11928356 F 11928356 DEPOSITS 81650 REFUNDABLE ADVANCES 24262 PAYCHECK PROTECTION PROGRAM LOAN 313100 419012 X 11460953 6835702 8887 65746 6910335 4550618 135260 135260 4685878 3661882 8887 65746 74633 3587249 135260 135260 3722509 PART V, LINE 4: GLYNWOOD'S BOARD HAS DESIGNATED A PORTION OF UNRESTRICTED NET ASSETS FOR FUTURE CAPITAL IMPROVEMENTS. THE PERKINS FUND IS A TEMPORARILY RESTRICTED ENDOWMENT THAT ALLOWS AN ANNUAL DRAW, TWO THIRDS OF WHICH IS SPECIFICALLY ALLOCATED TO DEFRAY THE COSTS OF MAINTENANCE, PRESERVATION, UPKEEP, REPAIR, ADMINISTRATION AND CAPITAL EXPENDITURE FOR THE PREMISES AND FACILITIES OF GLYNWOOD FARM. THE REMAINING ONE THIRD IS AVAILABLE FOR SUPPORT OF PROGRAMS SPONSORED AND CONDUCTED BY GLYNWOOD. THE JORDAN FUND IS A PERMANENTLY RESTRICTED ENDOWMENT, THE INCOME FROM WHICH IS TO BE USED FOR THE SUPPORT AND PROGRAMMING AT GLYNWOOD. PART X, LINE 2: GLYNWOOD RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT GLYNWOOD HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. GLYNWOOD IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO MARCH 31, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 49,847. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 15,899. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 49,847. SPECIAL EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 15,899. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 8777273 0 0 0 0 0 0 8777273 0 8777273 1 0 1 0 0 0 PART I, LINE 3: THE ACTIVITIES REPORTED IN PART I, LINE 3 ARE ACCOUNTED FOR USING THE ACCRUAL METHOD OF ACCOUNTING IN CONFORMITY WITH AUDITED FINANCIAL STATEMENTS. PART III ACCOUNTING METHOD: PART IV, FOREIGN FORMS, LINE 1: THE ORGANIZATION IS REQUIRED TO FILE FORM 926 BECAUSE IT MEETS THE APPLICABLE FILING THRESHOLD REQUIREMENT. PART IV, FOREIGN FORMS, LINE 3: THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 5471 BECAUSE IT DOES NOT MEET THE APPLICABLE THRESHOLD OWNERSHIP OR OTHER FILING REQUIREMENTS. GALA 124987 124987 1346 422 14131 124987 124987 1346 422 14131 15899 -15899 1 SECOND CHANCE FOOD 116 FEDERAL HILL ROAD BREWSTER NY 10509 810996695 501(C)(3) 10178 COST PRODUCE COMBAT LOCAL HUNGER DUTCHESS OUTREACH 29 NORTH HAMILTON STREET POUGHKEEPSIE NY 12601 222339537 501(C)(3) 5591 COST PRODUCE COMBAT LOCAL HUNGER PHILIPSTOWN FOOD PANTRY 10 ACADEMY STREET COLD SPRING NY 10516 141615746 501(C)(3) 10290 COST PRODUCE COMBAT LOCAL HUNGER FRED'S PANTRY AT ST PETERS EPISCOPAL CHURCH 137 N DIVISION STREET PEEKSKILL NY 10566 133522127 501(C)(3) 7193 COST PRODUCE COMBAT LOCAL HUNGER ALLIED MEDIA PROJECTS 4126 THIRD STREET DETROIT MI 48201 010559608 501(C)(3) 7407 COST PRODUCE COMBAT LOCAL HUNGER SCENIC HUDSON ONE CIVIC CENTER PLAZA SUITE 200 POUGHKEEPSIE NY 12601 132898799 501(C)(3) 15000 SUPPORT THE PERSHING AVENUE NEIGHBORHOOD FARM 6 PART I, LINE 2: A LIST OF POTENTIAL FOOD PANTRIES WAS INITIALLY COMPILED BASED ON THEIR GEOGRAPHIC PROXIMITY TO THE FARM. THIS LONG LIST WAS THEN CONDENSED BASED ON WHETHER THEY COULD ACCEPT FRESH PRODUCE AND FROZEN MEAT DUE TO REFRIGERATION REQUIREMENTS. THE ORGANIZATION ALSO PROVIDED A GRANT TO SUPPORT A LOCAL FARM, WHICH WILL BE A COMMUNITY-LED FOOD RESOURCE. THE ORGANIZATION WILL WORK DIRECTLY WITH THE FARM MANAGER AND PROVIDE VARIOUS TRAINING WORKSHOPS TO THE FARMERS OPERATING THE LOCAL FARM. IN ADDITION, SITE VISITS WILL BE PERIODICALLY CONDUCTED BY THE ORGANIZATION'S DIRECTOR OF FARMER TRAINING DURING THE 2021 GROWING SEASON TO PROVIDE GUIDANCE AND TROUBLESHOOT PROBLEMS. X X 1 1 X X X 0 0 0 0 0 0 0 1 0 KATHLEEN FINLAY PRESIDENT 192153 0 55000 0 21000 0 10024 0 25260 0 303437 0 0 0 MARK DAISLEY ASST. TRES./VP OF FINANCE 98238 0 5595 0 0 0 5673 0 43387 0 152893 0 0 0 PART I, LINE 1A KATHLEEN FINLAY RECEIVED HOUSEKEEPING SERVICES AND HOUSING ALLOWANCE, WHICH WAS REPORTED ON HER 2020 W-2 IN THE AMOUNT OF $21,000 AND DISCLOSED ON SCHEDULE J, PART III, COLUMN III. PART I, LINE 7 KATHLEEN FINLAY, PRESIDENT, MARK DAISLEY, VP OF FINANCE AND OPERATIONS, AND ELIZABETH MILLER, VP OF DEVELOPMENT EACH RECEIVED A BOARD DISCRETIONARY TAXABLE BONUS ON THEIR 2020 W-2S IN THE AMOUNTS OF $55,000, $5,595 AND $5,595, RESPECTIVELY. X 7 708225 AVG SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS. FORM 990, PART III, LINE 4A: PROGRAM: FARMING TRAINING FARMERS: FOSTERING THE NEXT GENERATION OF AGRICULTURAL ENTREPRENEURS WHO WILL CREATE VIABLE FARM BUSINESSES AND BRING MORE HUDSON VALLEY LAND INTO PRODUCTION. APPRENTICE PROGRAM - USING THE COLD SPRING FARM AS A PRIMARY TRAINING GROUND, GLYNWOOD COMPLETED THEIR THIRTEENTH SEASON OF TRAINING FARMER APPRENTICES. THEY WELCOMED THREE VEGETABLE PRODUCTION AND ONE LIVESTOCK APPRENTICES FOR THE 2020 GROWING SEASON WHO GAINED VALUABLE HANDS-ON EXPERIENCE IN THE FIELDS AND IN THE CLASSROOM USING THE ROBUST FARMER TRAINING CURRICULUM. THIS YEAR'S CURRICULUM INCLUDED 30 WORKSHOPS, TOTALING 800 HOURS, OFFERED TO 70 PARTICIPANTS. HOSTED WORKSHOPS INCLUDED TRACTOR TRAINING, SOIL SCIENCE, AND A PASTURE WALK THAT FEATURED EXPERT ADVICE ON IDENTIFYING PASTURE PLANT SPECIES. BEFORE HEADING OFF TO THEIR NEXT FARMING POSTS, APPRENTICES SPENT ONE-ON-ONE TIME WITH THE DIRECTOR OF FARMER TRAINING AND FARM MANAGERS LEARNING HIGHER-LEVEL MANAGERIAL SKILLS, LIKE REVIEWING FARM RECORDS AND BUDGETS, WHICH PROVIDES A UNIQUE PERSPECTIVE ON THE BUSINESS REALITIES OF FARMING. TO DATE, 60 FARMERS HAVE BEEN TRAINED THROUGH THE APPRENTICE PROGRAM, THE VAST MAJORITY OF WHOM HAVE CONTINUED CAREERS IN FARMING OR FOOD SYSTEMS WORK AFTER GRADUATING. FARM BUSINESS INCUBATOR - GLYNWOOD'S HUDSON VALLEY FARM BUSINESS INCUBATOR (HVFBI) PROVIDES A STEPPING STONE FOR FARMERS WHO ARE IN YEARS 1 TO 6 OF BUILDING THEIR FARM ENTERPRISE. TO MEET THE EVOLVING NEEDS OF NEW AND BEGINNING FARMERS IN THE REGION, THE HVFBI PROGRAM PROVIDES CUSTOMIZED SUPPORT TO FIFTEEN NEW FARM ENTREPRENEURS WITH A DIVERSE LEVEL OF FARM ENTERPRISE EXPERIENCE. GLYNWOOD WORKS WITH PARTICIPANTS INDIVIDUALLY TO EVALUATE THEIR NEEDS AND DESIGN A STRATEGY TO SUPPORT THEM. THE PROGRAM PROVIDES CUSTOMIZED TECHNICAL SUPPORT USING THE EXPERTISE OF GLYNWOOD STAFF AND A NETWORK OF CONSULTANTS. AFTER CONDUCTING AN INITIAL INTAKE ASSESSMENT, GLYNWOOD STAFF WORK WITH THE FARMERS TO CREATE A WORK PLAN WHICH CAPTURES THE FARMERS' GOALS AND OBJECTIVES, MONITORS PROGRESS, AND TAILORS A SCOPE OF SERVICES (INCLUDING BUSINESS PLANNING, MARKETING STRATEGY, FINANCIAL OVERSIGHT AND TRAINING, FARM SYSTEMS TECHNICAL ASSISTANCE AND LEGAL ADVISING). IT ALSO PROVIDES LAND ACCESS/TENURE SUPPORT SERVICES THROUGH ITS ROLE AS A REGIONAL NAVIGATOR IN THE FARMLAND FOR A NEW GENERATION NY PROGRAM. THROUGH THESE FARMLINKING EFFORTS, MORE THAN 175 MATCHES OF LAND OWNERS AND LAND SEEKERS IN THE HUDSON VALLEY HAVE BEEN MADE. FORM 990, PART III, LINE 4B: PROGRAM: PROMOTING REGIONAL FOOD LOCAL FOOD FOR EVERY TABLE: IMPROVING EQUITABLE HEALTHY FOOD ACCESS AND GREATER FOOD SOVEREIGNTY FOR LOCAL HUDSON VALLEY COMMUNITIES GLYNWOOD'S LOCAL FOOD FOR EVERY TABLE INITIATIVE IS A HOLISTIC, REGIONAL APPROACH TO INCREASING FOOD ACCESS DURING AND BEYOND THE COVID-19 PANDEMIC. FORMALIZED IN 2020, THE PROJECTS OF THIS INITIATIVE WILL HELP OUR REGION MOVE PAST PROVIDING SHORT-TERM HUNGER RELIEF: INSTEAD IMPLEMENTING SOLUTIONS THAT WILL ACHIEVE LONG TERM FOOD SOVEREIGNTY AND FOOD JUSTICE. THE PROJECTS IN THIS AREA OF WORK INCLUDE: --GLYNWOOD'S FOOD DONATIONS: WE MAXIMIZE DONATIONS FROM OUR OWN FARM TO LOCAL HUNGER RELIEF EFFORTS INCLUDING PHILIPSTOWN FOOD PANTRY, SECOND CHANCE FOODS AND FRED'S PANTRY. IN 2020 WE DONATED 8,000 LBS OF FOOD GROWN/RAISED ON OUR FARM. --CSA IS A SNAP: WE ARE HELPING FARMS IN THE HUDSON VALLEY CSA COALITION (FARMS THAT USE SUBSCRIPTION-BASED SALES METHODS OR CSAS) EXPAND THE REACH AND ACCESSIBILITY OF THEIR PRODUCTS BY EDUCATING FARMERS ON REDUCING BARRIERS TO PARTICIPATION FROM LOW-INCOME HOUSEHOLDS, INCLUDING ESTABLISHING A REVOLVING FUND THAT ALLOWS FARMERS TO BE PAID UP FRONT AND CUSTOMERS TO USE SNAP DOLLARS ON A WEEKLY BASIS TO PURCHASE DEEPLY-DISCOUNTED CSA SHARES. IN 2020, 97 FAMILIES PARTICIPATED IN THE PROGRAM AND PURCHASED 43 SHARES' WORTH OF FOOD FROM FIVE REGIONAL FARMS. --FOOD SOVEREIGNTY FUND (FSF): THROUGH AWARDING SEASONAL CONTRACTS AND PROVIDING SPECIALIZED TECHNICAL ASSISTANCE, THIS PROJECT BUILDS THE CAPACITY OF SMALL-TO-MID-SCALE HUDSON VALLEY FARMS THAT USE REGENERATIVE AGRICULTURAL PRACTICES TO GROW FOOD FOR COMMUNITY BASED FOOD ACCESS PROJECTS. BY PARTNERING WITH MEMBERS OF THE COMMUNITIES SERVED, WE ARE DIRECTING THESE RESOURCES TO FARMS LED BY OPERATORS WHO IDENTIFY AS BIPOC/LGBTQ+/WOMEN. IN 2020, WE CONTRACTED $17,500 WORTH OF FOOD (8,000 LBS) FROM 10 SMALL FARMS THAT WAS DISTRIBUTED TO 14 LOCAL FOOD ACCESS PARTNERS. FORM 990, PART III, LINE 4C: BUILDING PRODUCER NETWORKS: PARTNERSHIPS ESSENTIAL FOR ADVANCING FOOD PRODUCTION AND FOOD SOVEREIGNTY IN THE HUDSON VALLEY THE PROJECTS OF THIS DIVERSE AND WIDE-RANGING CORE PROGRAM AREA SEEK TO CREATE AND FOSTER PROFESSIONAL COMMUNITIES WHO, TOGETHER, ADVANCE REGIONAL FOOD AND PRODUCE A HUDSON VALLEY FOOD CULTURE. CURRENT PROJECTS INCLUDE: --CSA COALITION - A MEMBERSHIP-SUPPORTED COLLECTIVE-BENEFIT ASSOCIATION THAT SEEKS TO EXPAND AND DIVERSIFY CSA MEMBERSHIP IN THE HUDSON VALLEY FOR ITS 100+ CSA FARM-MEMBERS. --CIDER PROJECT -, WE OVERSAW AND ORGANIZED PLANNING FOR A FIRST OF ITS KIND NORTHEAST CIDER CONFERENCE (UNFORTUNATELY CANCELED DUE TO THE PANDEMIC) AND SPONSORED A VIRTUAL CIDER WEEK IN JUNE AND OCTOBER 2020 AS ELEMENTS OF OUR ONGOING COLLABORATION WITH THE NEW YORK CIDER ASSOCIATION. WE CONTINUE OUR PARTNERSHIP WITH ANGRY ORCHARD IN 2020 THROUGH DATA COLLECTION ON 5,000 CIDER APPLE TREES PLANTED THROUGH THIS PARTNERSHIP IN 2017. FORM 990, PART VI, SECTION B, LINE 11B GLYNWOOD HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. AFTER THE FORM 990 HAS BEEN PREPARED, IT IS REVIEWED BY THE PRESIDENT, DIRECTOR OF FINANCE AND OPERATIONS AND THE MEMBERS OF THE AUDIT COMMITTEE. COMMENTS ARE SENT TO THE OUTSIDE ACCOUNTANTS, AND REVISIONS ARE MADE, IF NECESSARY. THE FORM 990 IS THEN ELECTRONICALLY SENT TO THE BOARD MEMBERS FOR REVIEW. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND THEN PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES OF THE ORGANIZATION. ALL TRANSACTIONS, AGREEMENTS OR OTHER ARRANGEMENTS BETWEEN THE ORGANIZATION AND A RELATED PARTY, AND ANY OTHER TRANSACTIONS WHICH MAY INVOLVE A POTENTIAL CONFLICT OF INTEREST, SHALL BE REVIEWED BY THE BOARD OF DIRECTORS, WHO BY A MAJORITY VOTE WILL DETERMINE WHETHER THE TRANSACTION IS IN THE BEST INTEREST OF THE ORGANIZATION. ANY PERSONS DETERMINED TO HAVE A POTENTIAL OR ACTUAL CONFLICT OF INTEREST MAY NOT PARTICIPATE IN VOTING OR ANY ACTION TAKEN TO DETERMINE IF THE CONFLICT EXISTS. EACH DIRECTOR, OFFICER AND KEY EMPLOYEE SHALL ANNUALLY SIGN AND SUBMIT A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ, UNDERSTANDS AND HAS AGREED TO COMPLY WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD CHAIR IN CONSULTATION WITH THE EXECUTIVE COMMITTEE HAS CONDUCTED ANNUAL REVIEWS OF THE PRESIDENT'S PERFORMANCE. THE HR COMMITTEE COMPILED A MATRIX OF EXECUTIVE PAY FOR COMPARABLE NON-PROFITS (USING LOCAL DATA AS WELL AS GUIDESTAR'S NATIONAL DATA). THIS DATA WAS USED AS A BENCHMARK FOR ESTABLISHING KATHLEEN'S COMPENSATION. COST OF LIVING INCREASES HAVE BEEN GRANTED. THE DELIBERATIONS AND DECISIONS MADE ARE CONTEMPORANEOUSLY DOCUMENTED. THIS PROCESS LAST TOOK PLACE IN FEBRUARY 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST AT P.O. BOX 157, COLD SPRINGS, NY 10516...OR BY CALLING THE ORGANIZATION DIRECTLY AT (845)-265-3338. FORM 990, PART XII, LINE 2C: GLYNWOOD CENTER, INC. HAS AN AUDIT COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF ITS INDEPENDENT AUDITOR. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.