2018-10-25T11:43:40-05:00 2017-12-31 113518842 MARKS PANETH LLP 4 MANHATTANVILLE ROAD PURCHASE NY 10577 990 2017-01-01 131740518 YMCA OF CENTRAL AND NORTHERN WESTCHESTER NY INC YMCA 9149498030 250 MAMARONECK AVENUE WHITE PLAINS NY 10605 CYNTHIA RUBINO PRESIDENT/CEO 9149498030 2018-10-22 1 MICHELE LAZZARA P00106188 9145249000 65.51.91.130 2018-10-22 13:47:14 ED P 7E73054E1273E59FDB5B210EA97944D7929D0417 73D8D13087952C252805FBED3E27742F12AF3EE2 2017 2018-06-14 16:35:46Z CYNTHIA RUBINO 250 MAMARONECK AVENUE WHITE PLAINS NY 10605 7030797 0 X YMCA-CNW.ORG X 1900 NY FOUNDED IN 1897, THE YMCA OF CENTRAL AND NORTHERN WESTCHESTER (YMCA-CNW) ISA CHARITABLE NONPROFIT ORGANIZATION COMMITTED TO YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. WELCOMING ALL PEOPLE REGARDLESS OF AGE, RACE, RELIGION OR ECONOMIC STATUS, THE YMCA-CNW STRIVES TO ENRICH EACH AND EVERY LIFE THROUGH A UNIQUE, DYNAMIC COMBINATION OF PROGRAMS THAT STRENGTHENS SPIRIT, MIND AND BODY. THE YMCA-CNW ASPIRES TO BE THE PREMIER COMMUNITY RESOURCE FOR ALL AGES THROUGH MEANINGFUL PARTNERSHIPS AND RELEVANT AND ACCESSIBLE SERVICES. THE ORGANIZATION SERVES APPROXIMATELY 11,000 ADULTS AND YOUTH (700 DAILY) EACH YEAR FROM THREE BRANCHES LOCATED IN NEW YORK STATE: WHITE PLAINS FAMILY YMCA, COMMUNITY YMCA IN NORTH SALEM, AND CAMP COMBE IN PUTNAM VALLEY. THE YMCA OF CENTRAL AND NORTHERN WESTCHESTER HAS BEEN MEETING THE MYRIAD NEEDS OF OUR COMMUNITIES' CHILDREN AND FAMILIES FOR 120 YEARS. 18 18 388 300 0 0 657805 379608 6499338 5950829 29415 97112 159134 172148 7345692 6599697 193167 0 0 0 4458279 4238601 0 0 162910 3392061 3091450 8043507 7330051 -697815 -730354 6636190 5638824 6302241 6101607 333949 -462783 X SEE SCHEDULE O 0 0 3675377 3226877 YOUTH DEVELOPMENT - ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE UNDER THE GUIDANCE OF ADULTS WHO CARE ABOUT THEM AND BELIEVE IN THEIR POTENTIAL. WE SEE EVERY INTERACTION WITH YOUNG PEOPLE AS AN OPPORTUNITY FOR LEARNING AND DEVELOPMENT. OUR NEW YORK STATE LICENSED EARLY CARE AND EDUCATION PROGRAMS (FULL AND EXTENDED DAY) INCLUDE INFANT CARE, TODDLER CARE, PRESCHOOL CARE AND UNIVERSAL PRE-K FOR 85 CHILDREN, AGES 6 WEEKS TO 5, AT TWO SITES (WHITE PLAINS AND NORTH SALEM, NY). OUR UNIVERSAL PRE-K IS IN CONJUNCTION WITH THE WHITE PLAINS SCHOOL DISTRICT. OUR AFTER SCHOOL PROGRAMS SERVE MORE THAN 700 CHILDREN IN THE WHITE PLAINS, SCARSDALE, RYE BROOK, SOMERS, MAHOPAC, NORTH SALEM, AND PLEASANTVILLE SCHOOL DISTRICTS AND INCLUDE HOMEWORK HELP, TUTORING, AND A STEM ENRICHMENT PROGRAM, WITH A FOCUS ON LITERACY ENRICHMENT. THE YMCA-CNW OPERATES SUMMER CAMP PROGRAMS ATTENDED BY 1,200 EACH SUMMER. OUR TEEN PROGRAMS INCLUDE SPORTS, RECREATION AND AQUATIC PROGRAMS, A TEEN LEADERS PROGRAM AND A YOUTH & GOVERNMENT PROGRAM. 1026324 979913 HEALTHY LIVING - WE STRIVE TO HELP PEOPLE AND FAMILIES BUILD AND MAINTAIN HEALTHY HABITS FOR SPIRIT, MIND AND BODY IN THEIR EVERYDAY LIVES. BY HELPING KIDS, ADULTS, FAMILIES AND SENIORS IMPROVE THEIR HEALTH AND WELL-BEING WE BUILD A STRONGER COMMUNITY. NEARLY 3950 PEOPLE (950 MEN, 900 WOMEN, 200 TEEN AND 1900 CHILDREN) ARE REGISTERED MEMBERS AND USE OUR FACILITIES AND/OR ATTEND CLASSES REGULARLY. THE MAIN YMCA-CNW FACILITY, LOCATED IN WHITE PLAINS, CONTAINS A FULL SERVICE FITNESS CENTER THAT INCLUDES A CARDIO CENTER, INCLUDING MACHINES WITH FULL MEDIA INTEGRATION, A NEWLY UPDATED STATE-OF-THE-ART LIFE FITNESS STRENGTH CENTER WITH A DEDICATEDCIRCUIT STRENGTH ROOM, A FUNCTIONAL TRAINING AND STRETCH SPACE, AN INDOOR TRACK, GYMNASIUM, GROUP EXERCISE STUDIO, AND TWO POOLS. WE OFFER OVER 60 HEALTH & WELLNESS CLASSES FOR SENIORS, ADULTS AND CHILDREN. 414801 1233028 SOCIAL RESPONSIBILITY - WITH OUR DOORS OPEN TO ALL, WE WORK EVERY DAY TO CONNECT PEOPLE FROM ALL BACKGROUNDS AND SUPPORT THOSE WHO NEED US MOST. DURING 2017, 300 VOLUNTEERS LOGGED IN 30,000 VOLUNTEER HOURS, SERVING IN A VARIETY OF CAPACITIES, INCLUDING BOARD AND COMMITTEE SERVICE, FACILITY VOLUNTEERS, FUNDRAISER/EVENT HELPERS, AND SERVICE PROJECT PARTICIPANTS. OUR VOLUNTEERS, WHICH INCLUDED YMCA MEMBERS, CORPORATE EXECUTIVES, SENIORS, TEENS AND YOUTH, STRENGTHEN OUR MISSION OF PROMOTING SOCIAL RESPONSIBILITY.THE YMCA RESIDENCES PROVIDE A SAFE, AFFORDABLE HOUSING FOR 140 WORKING PEOPLE, VETERANS, AND RETIREES, AND INEXPENSIVE LODGING FOR EXCHANGE STUDENTS AND VISITING INTERNS/STUDENTS. THE YMCA-CNW PROVIDED $234,393 IN SCHOLARSHIPS IN 2017 TO MEMBERS AND FAMILIES FOR CHILD CARE, CAMP AND MEMBERSHIPS. WE ALSO INSPIRE A SPIRT OF SERVICE; OUR MEMBERS, VOLUNTEERS, SUPPORTERS, AND STAFF DEMONSTRATE THE POWER OF WHAT WE CAN ACHIEVE BY GIVING BACK TOGETHER. SOME COMMUNITY EVENTS/ACTIVITIES RUN BY OUR 300 VOLUNTEERS INCLUDED AN ANNUAL HEALTH FAIR, HEALTHY KIDS DAY AND Y RESIDENTS' THANKSGIVING FEAST. 1323005 11031 THE YMCA RESIDENCES PROVIDE 150 MEN AND WOMEN WITH SAFE, AFFORDABLE HOUSING. ADDITIONALLY, WE PROVIDE OPPORTUNITIES FOR SOCIALIZATION, EDUCATIONAL ENRICHMENT (E.G. HEALTHY LIVING SEMINARS), PHYSICAL FITNESS (E.G. USE OF GYM FACILITIES), VOCATIONAL TRAINING (E.G. JOB READINESS SEMINARS, COVER LETTER AND RESUME ASSISTANCE), REFERRALS TO AREA SERVICES (E.G. HEALTHCARE, FINANCIAL, FOOD STAMPS).STEM PROGRAM:THE YMCA-CNW LAUNCHED THE YMCA FUN SCIENCE PROGRAM, A STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) EDUCATIONAL ENRICHMENT PROGRAM FOR 30 CHILDREN, AGES 9-13, WHICH IS DEVELOPING THEIR INTEREST IN THE SCIENCES, TECHNOLOGY, ENGINEERING AND MATH; INCREASING THEIR AWARENESS AND UNDERSTANDING OF STEM CONCEPTS, TERMINOLOGY, AND CONTRIBUTIONS; INCREASING THEIR STEM SKILLS SUCH AS OBSERVATION, COMMUNICATION, CLASSIFICATION, MEASUREMENT, INFERENCE, AND PREDICTION; INCREASING THEIR ABILITY TO PROBLEM-SOLVE, CREATE HYPOTHESIS (MAKE EDUCATED GUESSES AS TO THE ANSWERS/OUTCOMES), AND DESIGN AND EXECUTION OF EXPERIMENTS; DEMONSTRATE BETTER COOPERATION AND TEAMWORK; AND INCREASE THEIR INTEREST IN STEM CAREERS AND MAJOR IN A STEM FIELD.SCHOLARSHIPS:THE YMCA-CNW PROVIDES SCHOLARSHIPS TO CHILDREN BASED ON THEIR FAMILY'S INCOME AND HARDSHIP. DURING 2017, OVER $234,393 IN FINANCIAL AID WAS GIVEN TO FAMILIES SELECTED THROUGH AN APPLICATION PROCESS THAT REQUIRES PROOF OF FINANCIAL HARDSHIP.TEEN LEADERS CLUB AND YOUTH AND GOVERNMENT PROGRAM:OUR TWO YOUTH PROGRAMS EXPANDED DURING 2017, TAKING ON ACTIVE CITIZENSHIP. THE TEEN LEADERS HAD BEEN INVOLVED WITH SEVERAL SERVICE PROJECTS AND A SUCCESSFUL FUNDRAISER THAT WAS COMPLETELY PLANNED AND DRIVEN BY THE GROUP THEMSELVES. Y&G PARTICIPANTS TRAVELLED TO ALBANY N.Y. TO PARTICIPATE IN THE Y&G ANNUAL EVENT. 1323005 11031 6439507 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 388 1 0 0 0 0 0 1 1 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X CYNTHIA RUBINO 9142872021 250 MAMARONECK AVENUE WHITE PLAINS NY 10605 CHARLES GOLDBERGER CHAIR 6.00 X X 0 0 0 PETER PALMA VICE CHAIR 3.00 X X 0 0 0 ANDY MORZELLO TREASURER 3.00 X 0 0 0 WILLIAM MACINTOSH SECRETARY 3.00 X 0 0 0 ESTELLE COFFINO BOARD OF GOVERNOR 1.00 X 0 0 0 JAX RUSSO CURTIN FORMER BOARD OF GOVERNOR 1.00 X 0 0 0 HEIDI DAVIDSON BOARD OF GOVERNOR 1.00 X 0 0 0 RACHEL ECKHAUS BOARD OF GOVERNOR 1.00 X 0 0 0 RICHARD GARDELLA FORMER BOARD OF GOVERNOR 1.00 X 0 0 0 BRIDGET GIBBBONS FORMER BOARD OF GOVERNOR 1.00 X 0 0 0 ELI GORDON BOARD OF GOVERNOR 1.00 X 0 0 0 AL GUITIERREZ BOARD OF GOVERNOR 1.00 X 0 0 0 BOB HYLAND FORMER BOARD OF GOVERNOR 1.00 X 0 0 0 WILEY HARRISON BOARD OF GOVERNOR 1.00 X 0 0 0 MARK IANNUCCI BOARD OF GOVERNOR 1.00 X 0 0 0 ANA MARIA IRAZABAL BOARD OF GOVERNOR 1.00 X 0 0 0 PATRICK F LYNCH BOARD OF GOVERNOR 1.00 X 0 0 0 EON NICHOLS BOARD OF GOVERNOR 1.00 X 0 0 0 RALPH E PENNY BOARD OF GOVERNOR 1.00 X 0 0 0 RAY PLANELL BOARD OF GOVERNOR 1.00 X 0 0 0 JOSE TAVARES BOARD OF GOVERNOR 1.00 X 0 0 0 SUSAN ROSS BOARD OF GOVERNOR 1.00 X 0 0 0 MARIA TRUSA BOARD OF GOVERNOR 1.00 X 0 0 0 DAVID CHONG FORMER BOARD OF GOVERNOR 1.00 X 0 0 0 CYNTHIA RUBINO CEO/PRESIDENT 40.00 X 200000 0 21963 THOMAS HAY EXECUTIVE DIRECTOR 40.00 X 133900 0 30689 333900 0 52652 2 0 1 0 MAIER MARKEY & JUSTIC LLP 222 BLOOMINGDALE RD WHITE PLAINS NY 10605 ACCOUNTING 157860 SIMS SECURITY GROUP LLC 31 WEST 34TH STREET 8TH FLOOR NEW YORK NY 10001 SECURITY 107190 2 40982 338626 379608 DAYCARE 624410 2117049 2117049 CAMP REVENUES 713990 1609808 1609808 RESIDENCE RENTALS 623990 1233028 1233028 MEMBERSHIP DUES 713940 752406 752406 PROGRAM FEES 713990 227507 227507 11031 11031 5950829 14691 14691 110163 0 110163 110163 110163 482057 388515 11121 93542 -11121 82421 82421 38175 40982 31464 6711 6711 23820 0 23820 23820 INSURANCE PROCEEDS 624410 21760 21760 VENDING MACHINE 624410 7273 7273 OTHER INCOME 624410 2421 2421 31454 6599697 6006103 0 213986 562545 489977 57379 15189 2938385 2559334 299715 79336 67145 58483 6849 1813 426968 371889 43551 11528 243558 212139 24843 6576 35043 30523 3574 946 26000 22646 2652 702 5397 4701 550 146 388566 338441 39634 10491 492375 428859 50222 13294 556377 484605 56750 15022 145218 126485 14812 3921 23401 20382 2387 632 169386 148073 21313 122744 106910 12520 3314 505539 441930 63609 216763 189489 27274 BUILDING AND GROUND EXP 404641 404641 7330051 6439507 727634 162910 776752 427762 10627 66225 141741 143686 62596 54115 15284641 10892740 4734738 4391901 864871 477058 44865 78077 6636190 5638824 874378 811204 327034 293238 4478749 4362836 56522 48604 565558 585725 6302241 6101607 X 218191 -501249 115758 38466 333949 -462783 6636190 5638824 X -730354 -34738 -31640 X X 0 1 X 1 0 X 984668 847541 788558 657805 379608 3658180 7343312 6749737 6806785 6540353 6006103 33446290 35420 45155 0 80575 8327980 7632698 7640498 7198158 6385711 37185045 0 0 0 37185045 89906 107356 126270 133438 124854 581824 89906 107356 126270 133438 124854 581824 900008 14111 9038 923157 9317894 7754165 7775806 7331596 6510565 38690026 0.96110 0.96290 0.01500 0.01000 X 660979 660979 12642961 9259554 3383407 1905608 1633186 272422 75093 75093 4391901 POST RETIREMENT BENEFIT OBLIGATION 585725 585725 X 6594300 0 6594300 5397 5397 6599697 7324654 0 7324654 5397 5397 7330051 PART X, LINE 2: THE YMCA BELIEVES IT HAD NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2017 AND 2016 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. X 0 GOLF OUTING 79157 40982 38175 29113 2351 79157 40982 38175 29113 2351 31464 6711 X X X 0 0 0 0 0 0 0 0 0 CYNTHIA RUBINO CEO/PRESIDENT 200000 0 0 0 0 0 14000 0 7963 0 221963 0 0 0 THOMAS HAY EXECUTIVE DIRECTOR 133900 0 0 0 0 0 9373 0 21316 0 164589 0 0 0 PART 1, LINE 1, MISSION STATEMENT CONTINUED OUR SERVICES INCLUDE: CHILD CARE AND SCHOOL-AGE CARE - YMCA-CNW PROVIDES SAFE, AFFORDABLE, QUALITY CHILD CARE PROGRAMS TO 85+ CHILDREN IN WHITE PLAINS AND IN NORTH SALEM, NY. BOTH ARE NY STATE LICENSED SITES. THE WHITE PLAINS FAMILY YMCA INFANT, TODDLER, UNIVERSAL AND PRE-KINDERGARTEN ENRICHMENT PROGRAM PROVIDES FULL AND EXTENDED DAY CARE FOR CHILDREN, 6 WEEKS TO 5 YEARS. OUR NORTH SALEM LOCATION PROVIDES CARE TO TODDLERS AND PRESCHOOLERS. SCHOLARSHIP ASSISTANCE IS PROVIDED TO THOSE WHO NEED ASSISTANCE PAYING FOR CARE. THE YMCA-CNW PROUDLY PARTNERS WITH MORE THAN A DOZEN SCHOOL DISTRICTS, SERVING MORE THAN 700 CHILDREN EVERY DAY IN AFTER SCHOOL PROGRAMS IN WHITE PLAINS, SCARSDALE, RYE BREWSTER, SOMERS, MAHOPAC, AND NORTH SALEM. OUR PROGRAMS INCLUDE HOMEWORK HELP, TUTORING, AND A STEM ENRICHMENT PROGRAM, WITH A FOCUS ON LITERACY ENRICHMENT. CAMPS - THE YMCA-CNW'S CAMP COMBE IS A TRADITIONAL YMCA CAMPGROUNDS LOCATED IN PUTNAM VALLEY, NY, THAT OFFERS AN IMPRESSIVE ARRAY OF CAMP PROGRAMS INCLUDING MINI CAMP (OUR PRESCHOOL SUMMER CAMP), BIG CAMP, THEATER ARTS CAMP, VISUAL ARTS CAMP, LEGO ROBOTICS, MINECRAFT CAMPS, SOCCER CAMP, COOKING CAMP, ADVENTURE BOUND PROGRAMS AND SERVICE CORPS COMMUNITY SERVICE CAMP, PLUS COUNSELOR-IN-TRAINING, JUNIOR COUNSELOR, AND JUNIOR LIFEGUARD PROGRAMS. WE ALSO OPERATE AN INCLUSION CAMP FOR CHILDREN WITH DISABILITIES, INCLUDING ADD, ADHD, COGNITIVE IMPAIRMENTS, SOCIAL AND BEHAVIORAL ISSUES, AND PHYSICAL IMPAIRMENTS. IN ADDITION, THE YMCA-CNW RUNS DAY CAMPS AT ITS VARIOUS LOCATIONS, INCLUDING ITS MAIN FACILITY IN WHITE PLAINS. SCHOLARSHIP ASSISTANCE IS PROVIDED TO THOSE WHO NEED ASSISTANCE PAYING FOR CAMP. TEEN PROGRAMS - OUR TEEN PROGRAMS INCLUDE VARIOUS SPORTS, RECREATION AND AQUATIC PROGRAMS, A TEEN LEADERS PROGRAM AND A YOUTH & GOVERNMENT PROGRAM. RESIDENCE - THE YMCA RESIDENCES PROVIDE A CARING, SAFE HOME FOR 140 PEOPLE ON ANY GIVEN DAY -- WORKING PEOPLE, VETERANS, RETIREES, INTERNS, AND STUDENTS. GYM FACILITIES - THE MAIN YMCA-CNW FACILITY, LOCATED IN WHITE PLAINS, CONTAINS A FULL SERVICE FITNESS CENTER THAT INCLUDES A CARDIO CENTER, EXERCISE MACHINES WITH FULL MEDIA INTEGRATION, A NEWLY UPDATED STATE-OF-THE-ART LIFE FITNESS STRENGTH CENTER WITH DEDICATED CIRCUIT STRENGTH ROOM, A FUNCTIONAL TRAINING AND STRETCH SPACE, AN INDOOR TRACK, GYMNASIUM, GROUP EXERCISE STUDIO, AND TWO POOLS. WE ALSO OFFER PERSONAL TRAINING. HEALTH & WELLNESS CLASSES - THE YMCA-CNW OFFERS A WIDE VARIETY OF FITNESS CLASSES, INCLUDING BODY CONDITIONING, BODYPUMP/BODY PUMP EXPRESS, BOOT CAMP, HATHA YOGA, SPINNING, ZUMBA AND MORE. AQUATICS - THE YMCA-CNW OFFERS A COMPLETE ARRAY OF AQUATIC PROGRAMS AT ITS MAIN FACILITY, INCLUDING SWIM LESSONS, COMPETITIVE SWIM, AQUA CYCLE, WATER EXERCISE, AND LIFEGUARDING COURSES. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION 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. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR REVIEW AND COMMENT PRIOR TO SUBMISSION. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED, AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS IN PLACE A CONFLICT OF INTEREST POLICY, WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF THE MANAGEMENT AND GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST IS SUBMITTED TO THE PRESIDENT/CEO WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE PRESIDENT/CEO WILL NOTIFY A MEMBER OF MANAGEMENT OR GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE PRESIDENT/CEO AND BE REPORTED TO THE GOVERNING BODY. IF THE PRESIDENT/CEO ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE PART OF ANY DECISIONS ABOUT SUCH TRANSACTION THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMPENSATION COMMITTEE DERIVES ITS AUTHORITY FROM THE BOARD OF GOVERNORS. THE COMMITTEE WILL WORK TO IMPROVE THE OVERALL EFFECTIVENESS OF THE BOARD OF GOVERNORS THROUGH THE DEVELOPMENT AND DETERMINATION OF ANNUAL PERFORMANCE OBJECTIVES, PERFORMANCE EVALUATION AND SALARY REVIEW OF THE PRESIDENT/CEO. THE WORK OF THE EXECUTIVE COMPENSATION COMMITTEE WILL REQUIRE THE COMMITTEE TO MEET ANNUALLY TO REVIEW AND MODIFY, AS APPROPRIATE, THE ORGANIZATION'S EXECUTIVE COMPENSATION PROCESSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AND FORM 1023 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, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST TO THE PRESIDENT/CEO. FORM 990, PART XI, LINE 9: GAIN/(LOSS) ON INTEREST RATE SWAP AGREEMENTS 33,212. POSTRETIREMENT BENEFIT LIABILITY ADJUSTMENT -64,852. FORM 990, PART XI, LINE 2C: THE PROCESS OF OVERSEEING THE AUDIT AND SELECTION OF INDEPENDENT ACCOUNTANT HAS NOT BEEN CHANGED FROM PRIOR YEAR.