2019-05-03T09:00:08-05:00 2018-12-31 990 2018-01-01 381358058 The Young Men's Christian Association of Greater Grand Rapids (3019) YOUN 6168559600 475 Lake Michigan Drive NW Grand Rapids MI 49504 DAMODAR PERSAUD CFO/CIO 2019-05-03 2018 2019-02-21 02:37:17Z YMCA of Greater Grand Rapids Scott Lewis 475 Lake Michigan Drive NW Grand Rapids MI 49504 41680412 false X www.grymca.org X 1866 MI GUIDED BY OUR CHRISTIAN PRINCIPLES, WE STRENGTHEN THE SPIRIT MIND AND BODY OF ALL INDIVIDUALS. 27 27 2491 1576 0 41902 5832551 5412643 26998882 28482575 -78970 909600 418336 830249 33170799 35635067 290255 265084 0 0 18706792 19644211 33542 31626 453110 13943974 14558993 32974563 34499914 196236 1135153 91622839 88794140 46199054 43360091 45423785 45434049 X GUIDED BY OUR CHRISTIAN PRINCIPLES, WE STRENGTHEN THE SPIRIT MIND AND BODY OF ALL INDIVIDUALS. false false 11791673 21053483 PHYSICAL FITNESS & WELLNESS The Y is committed to improving the West Michigan community's health and well-being through a strong focus on physical activity, family time, health and wellness programs, recreation and nutrition. We work to curb obesity, reduce the risk of chronic diseases, and keep individuals and families thriving. The motivation, support, and health and wellness programs provided by the Y empower people to live healthier lifestyles. Through sports leagues, running clubs, group and water fitness classes, and so much more, the Y keeps the community motivated and growing strong. Financial assistance is available, ensuring everyone has a place to go to feel healthy and connected. 10514337 5526074 CHILD CARE The YMCA is an inclusive organization of men, women and children joined together by a shared commitment of nurturing the potential of every child, promoting healthy living, and fostering a sense of social responsibility. We provide children with a safe and nurturing environment filled with opportunities to grow and explore the world around them with caring professionals. Our engaging curriculum helps children reach developmental milestones and prepares them for academic learning and school success. The mission-driven philosophy of YMCA Child Care is geared to meet the individual needs of children. Each child is recognized and valued as a unique individual with a capacity for growth and development. The Y doesn't just focus solely on the child, but on the family as a whole. The YMCA of Greater Grand Rapids has been providing childcare services to West Michigan families since 1989 and is the largest childcare provider in Kent County. In 2018, the YMCA of Greater Grand Rapids provided early childhood, free preschool, before and after school, and out of school time (day camp) programs. Currently, the Y offers the following: * Early Childhood (Ages 0-5): 5 locations serving more than 300 children annually including 6 Great Start Readiness Program locations (Free Preschool for 4 year olds) * Before and After School Programs (Ages 5-12): 34 locations serving more than 1300 children annually * Out of School Time/Day Camps (Ages 5-12): 8 locations serving more than 1000 children annually Currently, we have child care partnerships with the following school districts and agencies: * Grand Rapids Public Schools * Lowell Area Schools * Caledonia Community Schools * National Heritage Academy * Northview Public Schools * West Ottawa Public Schools * Comstock Park Public Schools * Porter Hills Presbyterian Village * Covenant House Academy Generations Child Development Center and the David D Hunting YMCA Child Development Center are currently NAEYC (National Association for the Education of Young Children) accredited and all 5 of our early childhood locations are involved with the Great Start to Quality program (Michigan's Quality Rating and Improvement System). 4115681 1628998 SPORTS & RECREATION, AQUATICS, CAMPING, FAMILY, AND OLDER ADULTS PROGRAMS Nature of Business The YMCA of Greater Grand Rapids (Y) is West Michigan's leading nonprofit strengthening communities through youth development, healthy living, and social responsibility. Through our seven branch locations, YMCA Camp Manitou-Lin, Child Development Centers and before/after school sites, and community outreach programs, the Y is committed to improving the health and well-being of children, individuals, and families. Y programs impact thousands of lives annually and respond to unique community needs across West Michigan. OUR MISSION Guided by our Christian principles, we strengthen the spirit mind and body of all individuals. OUR CAUSE DEFINES US The Y makes accessible the support and opportunities that empowers people and communities to succeed. The Y nurtures the potential of every youth and teen, improves our community's health and well-being and provides opportunities to give back and support our neighbors. OUR STRENGTH IS COMMUNITY There is no other nonprofit quite like the Y. That's because, in neighborhoods across our community, we have the presence and partnerships to not just promise, but deliver, positive change. * The Y is community centered. For over 150 years, we've been listening and responding to the needs of our community. Through our seven branch locations throughout Greater Grand Rapids, we impact the lives of over 120,000, through membership and programs, making the Y a destination for healthy living. * The Y brings people together. The Y partners with schools, health care organizations, community centers, and churches to ensure healthy choices are accessible and affordable for everyone in our community. These innovative outreach programs work to eliminate barriers to good health for those most vulnerable and provide tools and supports to ensure success. * The Y nurtures potential. We believe that everyone should have the opportunity to thrive. Every gift to the Y, is an investment in the health of the community. 3473170 265084 320637 HEALTHY LIVING Vulnerable families throughout Greater Grand Rapids rely on the YMCA to provide them with sound nutrition education, wellness programs, weight management opportunities, locally sourced produce, and family strengthening experiences. Our ability to meet the varied needs of our community stems from our capacity to listen to the voice of our neighbors and develop programs and experiences that meet identified need. Our efforts to reach diverse, low income audiences with chronic disease prevention programs afford us the opportunity to become essential change agents and our work around policy, systems and environmental change motivate us to help people of all zip codes live healthy lives. Highlights from 2018 include: 22 weekly healthy living hub fitness classes were provided at no charge and served over 1037 individuals. Roughly 17,000 people throughout Grand Rapids and Muskegon participated in some form of nutrition programming at no charge. Our Veggie Vans had over 12,000 transactions as they served the Grand Rapids and Muskegon communities weekly with fresh, low cost produce. Over 88 local organizations partner with the YMCA of Greater Grand Rapids to provide resources and services to our marginalized neighbors. 9 corner stores now serve fresh, locally sourced produce because of the Y's ability to provide them with farm grown fruits and vegetables. In addition, many of the corner stores now have new coolers, point of sale systems, and healthy signage because of the Y's commitment to transforming food desserts into life giving communities. Over 73 low income, overweight, pre-diabetic adults participated in the National Diabetes Prevention Program at no charge. This life altering program empowers individuals to lose 5% of their body weight and increase physical activity in hopes of reducing the incidence of diabetes. Over 1,100 children, kindergarten through middle school, participate in healthy after school programs that teach active play, self-efficacy, healthy eating, asset development, and academic achievement. 3473170 265084 320637 29894861 true true false false false true false false true true false false false true true true false false false false false false true true false false true false true true false false false false false false false false false false true false false false false false false false false true 58 0 true 2491 true true true false false false false true true true true true false false X 27 27 false false false false false false false true true false false true true true true true true true false false MI X X X Damodar Persaud 6168559600 475 Lake Michigan Dr NW Grand Rapids MI 49504 SEAN WELSH BOARD CHAIR 2.0 X X 0 0 0 STACIE BEHLER VICE CHAIR 2.0 X X 0 0 0 MARK RICHTER TREASURER 1.0 X X 0 0 0 BILL MANNS FORMER TREASURER 1.0 X X 0 0 0 MICHAEL WOOLDRIDGE SECRETARY 1.0 X X 0 0 0 NANCY AYRES DIRECTOR 1.0 X 0 0 0 DAVID BEEMER DIRECTOR 1.0 X 0 0 0 DANIEL BEHM DIRECTOR 1.0 X 0 0 0 KATHY CROSBY DIRECTOR 1.0 X 0 0 0 DR JOHN BUTZER DIRECTOR 1.0 X 0 0 0 CHARLES BENNETT DIRECTOR 1.0 X 0 0 0 DR STEVEN ENDER DIRECTOR 1.0 X 0 0 0 LYNNE FERRELL DIRECTOR 1.0 X 0 0 0 CHARLES FRAYER DIRECTOR 1.0 X 0 0 0 CHRISTINA FREESE-DECKER DIRECTOR 1.0 X 0 0 0 PETER VARGA DIRECTOR 1.0 X 0 0 0 CAROLE VALADE DIRECTOR 1.0 X 0 0 0 JACQUELINE TAYLOR DIRECTOR 1.0 X 0 0 0 GREGORY RHODES DIRECTOR 1.0 X 0 0 0 CYNTHIA HAVARD DIRECTOR 1.0 X 0 0 0 CAROL KARR DIRECTOR 1.0 X 0 0 0 JEFF LAMBERT DIRECTOR 1.0 X 0 0 0 MIKE PERRY BRANCH BOARD CHAIR 2.0 X 0 0 0 MATTHEW KLEIN BRANCH BOARD CHAIR 2.0 X 0 0 0 AMY MARSHALL BRANCH BOARD CHAIR 2.0 X 0 0 0 LAUREL ROMANELLA BRANCH BOARD CHAIR 2.0 X 0 0 0 MELISSA SEGUIN BRANCH BOARD CHAIR 2.0 X 0 0 0 ROSS SMELKER BRANCH BOARD CHAIR 2.0 X 0 0 0 SCOTT LEWIS PRESIDENT/CEO 50.0 X 252457 0 39647 DAMODAR PERSAUD CFO/CIO 50.0 X 172944 0 16164 SHANNON MATTHEWS COO 50.0 X 104445 0 18692 JOHNATHAN POPE DISTRICT BRANCH EXECUTIVE 50.0 X 111684 0 27141 PAUL PETR DISTRICT BRANCH EXECUTIVE 50.0 X 100423 0 24813 MICHELE ZIMMERMAN FORMER CTO 50.0 X 101309 0 26124 JARRAD PITTS VP OF PROPERTY & RISK 50.0 X 113630 0 6372 956892 0 158953 7 false true false DAXKO LLC PO BOX 162087 ATLANTA GA 30321 SUPPORT SERVICES AND TRAINING 434973 STEVENS INC 190 MONROE AVENUE NW SUITE 200 GRNAD RAPIDS MI 49503 MARKETING 399101 INDUSTRIAL LAUNDRY SPECIALIST LLC 4929 E PARIS SE GRAND RAPIDS MI 49512 TOWEL SERVICES 336854 GRIPS INC 3620 BUSCH DRIVE GRANDVILLE MI 49418 BOILER MAINTENANCE 289533 DJ'S LANDSCAPE MANAGEMENT 4720 52ND STREET SE GRAND RAPIDS MI 49512 LANDSCAPING/SNOW REMOVAL 236644 8 X 0 0 145453 0 3244202 2022988 72202 5412643 Membership Revenue 19382311 19382311 Childcare Revenue -- Infant/Toddler/Preschool 3794754 3794754 Childcare Revenue -- School Age 1741883 1741883 Resident Camp Revenue 700063 700063 Day Camp Revenue 102846 102846 2760718 2760718 0 0 28482575 154777 154777 499210 499210 0 499210 499210 6546669 23650 5679792 135704 866877 -112054 754823 754823 325452 145453 138539 186913 0 186913 0 0 0 0 0 0 137927 91310 46617 46617 0 0 MISCELLANEOUS INCOME 813410 97509 97509 0 0 0 0 97509 35635067 28529192 0 1693232 265084 265084 0 0 0 0 604349 604349 15952249 14251900 1352711 347638 668158 519621 144387 4150 1117941 899522 198144 20275 1301514 1168607 119400 13507 29886 29886 51585 51585 31626 31626 1597529 1241389 356140 0 478227 26400 451827 0 2396187 2296666 95256 4265 3196385 2990722 202605 3058 331144 275497 51384 4263 255362 156427 95203 3732 1969401 1882776 86625 0 435992 413208 20355 2429 3313102 3138329 174773 0 197986 139662 42461 15863 BAD DEBT EXPENSE 43012 0 43012 0 EQUIPMENT EXPENSE 171017 158173 12738 106 UNRELATED BUSINESS INCOME TAXES 9009 9009 83169 70878 10093 2198 34499914 29894861 4151943 453110 6901089 872425 15002 5078826 1910335 1042572 575528 400970 0 0 0 0 0 72431 69910 382046 227733 105415731 30463546 77032525 74952185 4590516 6015932 0 0 0 0 143367 133587 91622839 88794140 1649663 1349681 0 0 1359743 1327928 42713039 40208929 0 0 0 0 0 0 0 0 476609 473553 46199054 43360091 42429968 42588578 1777949 1739056 1215868 1106415 45423785 45434049 91622839 88794140 X 1135153 -1069098 0 0 0 -55791 X false true X true true true X 7267392 5969609 6060752 5832551 5412643 30542947 0 0 7267392 5969609 6060752 5832551 5412643 30542947 0 30542947 99833 17252 41755 602377 653987 1415204 0 257794 184015 173337 250837 560888 1426871 33385022 126769487 0.9149 0.9368 X Schedule A, Part II, Line 10 Other Income Other income consists of gross proceeds from sale of inventory, gross income from special events, and miscellaneous income. Schedule A, Part II, Line 10 Other Income DESCRIPTION - , COLUMN A - 257794.0, COLUMN B - 184015.0, COLUMN C - 173337.0, COLUMN D - 250837.0, COLUMN E - 560888.0, COLUMN F - 1426871.0; X 1 0.71 0 0 0 1 false 0 4626358 650 -110814 3409779 1106415 4281672 4016 560619 219949 4626358 3224870 1001850 212338 157386 4281672 3487404 1398 -51598 212334 3224870 4410274 43162 241590 1207622 3487404 0.0 1.0 0.0 true false 10460121 10460121 80581615 20942907 59638708 13623478 9210881 4412597 750517 309758 440759 74952185 Obligation under interest rate swap 146265 Capital leases 327288 Deferred Rent 0 473553 X 34510178 -1069098 0 0 -55791 -1124889 35635067 0 0 35635067 34499914 0 0 34499914 0 0 34499914 Schedule D, Part II, Line 9 Conservation easements financial reporting ACCOUNTING FOR CONSERVATION EASEMENTS A CONSERVATION EASEMENT EXISTS ON 0.71 ACRES OF AN 18.192 PARCEL OF LAND OWNED BY THE YMCA GRANTED BY THE DEPARTMENT OF ENVIRONMENTAL QUALITY (MDEQ). THE EASEMENT WAS RECORDED WITH THE KENT COUNTY REGISTER OF DEEDS ON DECEMBER 10, 2002. THE PURPOSE OF THIS EASEMENT IS TO PROTECT THE WETLAND FUNCTIONS AND VALUES EXISTING (OR ESTABLISHED ON THE PROPERTY FOR MDEQ PERMIT 02-41-003-P) ON THE EASEMENT PREMISES. THE CONSERVATION EASEMENT DOES NOT GRANT OR CONVEY ANY RIGHT OF OWNERSHIP, POSSESSION, OR USE OF THE EASEMENT PREMISES TO THE MDEQ OR ANY MEMBER OF THE GENERAL PUBLIC, AND REPRESENTS AN IMMATERIAL PORTION OF THE LAND PURCHASED; THEREFORE NO SPECIAL ACCOUNTING FOR THIS EASEMENT WAS REQUIRED. Schedule D, Part V, Line 4 Intended uses of endowment funds INTENDED USES FOR ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED TO PROVIDE LOW INCOME INDIVIDUALS WITH AN OPPORTUNITY TO HAVE A CAMP EXPERIENCE, TO SUPPORT INNER-CITY PROGRAMMING, AND SUPPORT OTHER PROGRAM NEEDS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote The Internal Revenue Service has determined the Y is exempt from income taxes under provisions of Code Section 501(c)(3). In addition, the Y qualifies for charitable contribution deduction under Section 170(b)(1)(A) and has been classified as an organization that is not a private foundation under Section 509(a)(2). Tax positions taken are assessed for uncertainty and a provision may be recorded if a tax position is not likely to be sustained upon examination. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Interest Rate Swap - -55791 X X X X X X X true DONOR BY DESIGN GROUP LLC 725 WEST GILBERT RD PALATINE IL 60067 CAMPAIGN COUNSEL false 19626 -19626 GREG MEYER 3961 KEHOE DRIVE ADA MI 49301 CAMPAIGN CONSULTANT false 12000 -12000 0 31626 -31626 MI AUCTION 172414 38877 133537 5000 8479 0 12473 10200 12104 GOLF 92007 18147 73860 805 150 8148 7310 0 7078 6 206484 88429 118055 0 2380 6362 12481 6313 39256 470905 145453 325452 5805 11009 14510 32264 16513 58438 138539 186913 Schedule G, Part I, Line 2b(ii) Describe the custody or control arrangement. DONOR BY DESIGN GROUP, LLC-POSSESSION OF THE FUNDS OR THE AUTHORITY TO DEPOSIT, DIRECT THE USE OF, OR USE THE FUNDS, REMAINS WITH THE Y.;GREG MEYER-POSSESSION OF THE FUNDS OR THE AUTHORITY TO DEPOSIT, DIRECT THE USE OF, OR USE THE FUNDS, REMAINS WITH THE Y.; Schedule G, Part I, Line 2b(v) payment of fees or payment of expenses DONOR BY DESIGN GROUP, LLC-N/A;GREG MEYER-N/A; true Cherry Street Services Inc 100 Cherry Street Grand Rapids MI 49503 382853534 tax-exempt 80550 Diabetes prevention and hypertension programming Ferris State University 420 Oak Street Big Rapids MI 49307 386005159 Unit of State of MI 40171 Hypertension programming Kent County Health Department 700 Fuller Ave Grand Rapids MI 49503 380004862 Kent County of MI 67496 Nutrition and lifestyle education Spectrum Health 100 Michigan Street NE Grand Rapids MI 49503 383382353 tax-exempt 21931 Nutrition, lifestyle, diabetes and hypertension education Muskegon YMCA PO Box 1667 Muskegon MI 49443 382000172 tax-exempt 24000 Corner store programming YMCA of Southwest Michigan Benton Harbor St Joseph 3665 Hollywood Rd St Joseph MI 49085 381358236 tax-exempt 30936 Corner store programming 6 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The Y uses a combination of financial and progress reporting to ensure that grant funds are used for the proper purposes. The Y performs an initial risk assessment on sub-recipients of federal sub-awards. The Y monitors the activities of sub-recipients as necessary to ensure that any federal sub-awards maintain compliance with federal statues, regulations, and the terms and conditions of the sub-award. X X X X true false false false false false false false false SCOTT LEWIS PRESIDENT/CEO 251648 0 0 0 809 0 22541 0 17106 0 292104 0 0 0 DAMODAR PERSAUD CFO/CIO 170726 0 0 0 2218 0 15296 0 868 0 189108 0 0 0 A MICHIGAN STRATEGIC FUND 521417332 000000000 2016-11-30 46650000 CONSTRUCT AND EQUIP FACILITY AND CURRENTLY REFUND PRIOR ISSUE false false false B MICHIGAN STRATEGIC FUND 521417332 000000000 2018-06-14 41572000 CONSTRUCT AND EQUIP FACILITY AND CURRENTLY REFUND PRIOR ISSUE false false false A 0 0 46650000 0 0 0 650000 0 0 20475000 25525000 0 2016 true false true true B 0 0 41572000 0 0 0 0 0 0 0 41572000 0 2018 true false true true A false false false false 0.0 0.0 0.0 false false false B false false false false 0.0 0.0 0.0 false false false A false false false true true true HUNTINGTON NATIONAL BANK 15.0 false false false false false B false true false false true true HUNTINGTON NATIONAL BANK 15.0 false false false false false A B Schedule K, Part IV, Line 2c COLUMN A Issuer name: MICHIGAN STRATEGIC FUND The calculation for computing no rebate due was performed on 12/30/2016 X 5335 Cost X 32 4999 Cost X Auction Items 78 38957 Cost X Fitness Equipment 1 38 Cost X Gift Certificates for special events 27 2085 Cost X Golf Silent Auction Items 17 13128 Cost X Horse Equipment 1 340 Cost X Programming Supplies 4 7320 Cost 0 false true false Schedule M, Part I Explanations of reporting method for number of contributions Clothing and household goods - Contributions Food inventory - Contributions Other - Auction Items Contributions Other - Fitness Equipment Contributions Other - Gift Certificates for special events Contributions Other - Golf Silent Auction Items Contributions Other - Horse Equipment Contributions Other - Programming Supplies Contributions Form 990, Part III, Line 4d Description of other program services (Expenses $ 3,473,170 including grants of $ 265,084)(Revenue $ 320,637) HEALTHY LIVING Vulnerable families throughout Greater Grand Rapids rely on the YMCA to provide them with sound nutrition education, wellness programs, weight management opportunities, locally sourced produce, and family strengthening experiences. Our ability to meet the varied needs of our community stems from our capacity to listen to the voice of our neighbors and develop programs and experiences that meet identified need. Our efforts to reach diverse, low income audiences with chronic disease prevention programs afford us the opportunity to become essential change agents and our work around policy, systems and environmental change motivate us to help people of all zip codes live healthy lives. Highlights from 2018 include: 22 weekly healthy living hub fitness classes were provided at no charge and served over 1037 individuals. Roughly 17,000 people throughout Grand Rapids and Muskegon participated in some form of nutrition programming at no charge. Our Veggie Vans had over 12,000 transactions as they served the Grand Rapids and Muskegon communities weekly with fresh, low cost produce. Over 88 local organizations partner with the YMCA of Greater Grand Rapids to provide resources and services to our marginalized neighbors. 9 corner stores now serve fresh, locally sourced produce because of the Y's ability to provide them with farm grown fruits and vegetables. In addition, many of the corner stores now have new coolers, point of sale systems, and healthy signage because of the Y's commitment to transforming food desserts into life giving communities. Over 73 low income, overweight, pre-diabetic adults participated in the National Diabetes Prevention Program at no charge. This life altering program empowers individuals to lose 5% of their body weight and increase physical activity in hopes of reducing the incidence of diabetes. Over 1,100 children, kindergarten through middle school, participate in healthy after school programs that teach active play, self-efficacy, healthy eating, asset development, and academic achievement. Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS REVIEWED IN DETAIL BY THE Y'S CEO, CFO, AND TREASURER. THE FORM WAS PROVIDED TO THE Y'S BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING. Form 990, Part VI, Line 12c Conflict of interest policy FORM FILLED OUT ANNUALLY. ALL ARE REVIEWED BY THE PRESIDENT/CEO. PRESIDENT/CEO REVIEWS ANY ISSUES WITH THE EXECUTIVE COMMITTEE AND THEY DECIDE WHAT ACTION TO TAKE. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation Committee: The purpose of the Compensation Committee (the "Committee") of the Board of Directors (the "Board") of The Y shall be to oversee the President & CEO's compensation policies, plans and programs, as well as to review the current compensation to be paid to the President & CEO. For purposes of this Charter, the term "compensation" shall include salary, long-term incentives, bonuses, perquisites and severance arrangements. The policy of the Committee shall be as follows: The Committee shall seek to maintain an overall compensation structure designed to attract, retain and motivate by providing appropriate levels of risk and reward, assessed on a relative basis at all levels within the Association and in proportion to individual contribution and performance. The Committee shall seek to establish appropriate incentives for the President & CEO to further the Association's long-term strategic plan and avoid undue emphasis on short-term strategies. In determining the long-term incentive component the Committee will seek to achieve an appropriate level of risk and reward, taking into consideration the Association's performance, the potential benefits and the costs to the Association. The members of the Committee and the Committee chairperson shall be appointed by and serve at the discretion of the Board. The Compensation committee shall consist of the current board chair, past board chair, and the future board chair. The Committee's chairperson shall have full access to all records and personnel of the Association as deemed necessary. The Committee shall have the authority to obtain advice and assistance from legal, accounting or other advisors and consultants. Overall Compensation Strategy: The Committee shall be responsible for reviewing, modifying and making recommendations to the full Board regarding the overall compensation strategy and policies for the President & CEO, including: reviewing and suggesting performance goals and objectives, which support and reinforce the Association's long-term strategic goals, relevant to the compensation of the Association's President & CEO; evaluating and recommending to the Board the compensation plans and programs advisable for the President & CEO as well as the modification or termination of existing plans and programs; reviewing regional and industry-wide compensation practices and trends to assess the propriety, adequacy and competitiveness of the Association's executive compensation programs among comparable companies in the Association's industry. However, the Committee shall exercise independent judgment in recommending the appropriate levels and types of compensation to be paid; reviewing and recommending to the Board the terms of any employment agreements, separation arrangements, change-of-control protections or any other compensatory arrangements for the President & CEO; Compensation of the President & Chief Executive Officer: The Committee shall recommend to the Board, for determination and approval, the compensation and other terms of employment for the President & CEO. The Committee shall also evaluate the performance in light of relevant performance goals and objectives, taking into account, among other things, the policy of the Committee and the President & CEO's performance in: fostering a culture that promotes the highest levels of integrity and the highest ethical standards; developing and executing the Association's long-term strategic plan and conducting the business of the Association in a manner appropriate to enhance long-term Association value; achieving any other performance goals and objectives deemed relevant to the President & CEO as established by the Committee; and achieving the President & CEO's individual performance goals and objectives. Administration of Compensation Plans: The Committee shall recommend to the Board the adoption, amendment and termination of the Association's incentive plans, bonus plans, deferred compensation plans and similar programs. The Committee shall have full power and authority to administer these plans, establish guidelines, interpret plan documents, select participants, approve grants and awards, and exercise such other power and authority as required under such plans. Form 990, Part VI, Line 19 Required documents available to the public THE BY-LAWS AND CONFLICT OF INTEREST POLICY ARE SENT TO THE BETTER BUSINESS BUREAU EVERY YEAR. ALL GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 2f Other Program Service Revenue Other Program Revenue - Total Revenue: 2760718, Related or Exempt Function Revenue: 2760718, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Residence Revenue - Total Revenue: 0, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances INTEREST RATE SWAP ADJUSTMENT - -55791;