2017-12-07T14:44:24-06:00 2017-06-30 591753337 KERKERING BARBERIO & CO PO BOX 49348 SARASOTA FL 342306348 990 2016-07-01 591618413 SARASOTA FAMILY YMCA INC SARA 9419512916 ONE SOUTH SCHOOL AVE NO 301 SARASOTA FL 34237 STEVE BOURNE CFO 9419512916 2017-11-22 1 REBECCA U STONER P00585910 9413654617 71.101.221.218 2017-11-22 09:23:45 ES P BBBBBBE07E8A9A02B2C1B5A0F351B57994A28B98 1B1FD6A94BE7A4A94FF6AFBAC10FE6D71E6DCF3C 2016 2017-02-10 21:41:12Z STEVE BOURNE ONE SOUTH SCHOOL AVE NO 301 SARASOTA FL 34237 46522062 0 X WWW.SARASOTAYMCA.ORG X 1945 FL THE SARASOTA FAMILY YMCA IS A CHARITABLE ORGANIZATION PROVIDING A RICH AND VARIED COMPENDIUM OF PROGRAMS AND SERVICES TO A DIVERSE POPULATION. AS AN ASSOCIATION OF ALL AGES, ETHNIC GROUPS AND RELIGIOUS AFFILIATIONS, WE ARE UNITED IN PUTTING JUDEO-CHRISTIAN PRINCIPALS INTO PRACTICE THROUGH PROGRAMS THAT ENRICH THE QUALITY OF SPIRITUAL, MENTAL, PHYSICAL AND SOCIAL LIFE FOR CHILDREN, FAMILIES AND OUR COMMUNITY. THE ASSOCIATION CHALLENGES PEOPLE TO LIVE BY THE FOUR CORE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY. THE MISSION OF THE YMCA IS "WE BUILD STRONG KIDS, STRONG FAMILIES, STRONG COMMUNITIES." 15 15 844 700 0 0 35291979 36929043 9182466 9164753 29361 -18411 139105 59517 44642911 46134902 541997 568374 0 0 13325451 13429282 0 0 183184 31330834 33105111 45198282 47102767 -555371 -967865 23747027 21664009 7433738 6119688 16313289 15544321 X "WE BUILD STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES". THIS IS ACHIEVED THROUGH OUR THREE PILLARS OF COMMUNITY; FOR YOUTH DEVELOPMENT, FOR HEALTHY LIVING, FOR SOCIAL RESPONSIBILITY. WE PROMOTE AND SERVE A DIVERSE AGE, RELIGIOUS AND ETHNIC POPULATION, CHALLENGING PEOPLE TO LIVE BY OUR FOUR CORE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY. 0 0 31857128 CHILD WELFARE/FOSTER CARE: THE SARASOTA FAMILY YMCA PIONEERED THE CURRENT FOSTER CARE DELIVERY SYSTEM IN FLORIDA THAT HAS BEEN ADOPTED THROUGHOUT THE STATE. COLLABORATING WITH STATE AND COMMUNITY PARTNERS THE Y TOOK CARE OF 2,657 CHILDREN IN MANATEE, SARASOTA AND DE SOTO COUNTIES. THE COMMUNITY BASED CARE PROJECT IS KNOWN AS THE SAFE CHILDREN COALITION. THE CONTINUUM OF SERVICES PROVIDED INCLUDE: DIVERSION TO PREVENT CHILDREN ENTERING THE WELFARE SYSTEM, EARLY INTERVENTION, CHILD/FAMILY ASSESSMENT, CASE PLANNING AND MANAGEMENT, COORDINATION OF SERVICES, FAMILY PRESERVATION SERVICES, CHILD PLACEMENT IN FOSTER HOMES/RESIDENTIAL HOMES OR PSYCHIATRIC CARE, ADOPTION SERVICES, FAMILY REUNIFICATION SERVICES AND TRANSITIONAL LIVING PROGRAMS TO ASSIST CHILDREN ON THEIR ROAD TO INDEPENDENCE. 9795788 434124 9164753 HEALTH ENHANCEMENT AND EARLY CHILDHOOD DEVELOPMENT: PROMOTING THE DEVELOPMENT OF A HEALTHY MIND, BODY AND SPIRIT, THE SARASOTA FAMILY YMCA CONNECTED WITH OVER 50,000 PEOPLE IN 3 BRANCH LOCATIONS. FACILITIES PROVIDE A LARGE RANGE OF FITNESS AND SOCIAL ACTIVITIES TO APPEAL TO ALL AGE GROUPS. THE VARIETY OF PROGRAMS ALL FOCUS ON EXERCISE, GOOD NUTRITION AND SOCIAL INTERACTION THAT ADVANCE INDIVIDUAL AND GROUP WELL-BEING. YOUTH PROGRAMS SUPPORT HEALTHY CHARACTER DEVELOPMENT AND THE BUILDING OF SELF-ESTEEM. FINANCIAL BARRIERS TO MEMBERSHIP ARE MITIGATED THROUGH THE FINANCIAL ASSISTANCE PROGRAM WHICH TOTALED $278,835 IN FISCAL YEAR 2017. EARLY CHILDHOOD DEVELOPMENT IS ACCOMPLISHED AT THE 3 BRANCH LOCATIONS AND 6 SCHOOL SITES. ACTIVITIES INCLUDE MATH, READING, ART AND EXERCISE AND CHARACTER DEVELOPMENT IS EMBODIED THROUGH THE CORE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY. A COMBINATION OF CHILD CARE, YOUTH SPORTS, GYMNASTICS AQUATICS AND CAMP BENEFITTED OVER 3,400 CHILDREN. FINANCIAL BARRIERS TO PROGRAM PARTICIPATION ARE MITIGATED THROUGH THE FINANCIAL ASSISTANCE PROGRAM THAT TOTALED $155,289 IN FISCAL YEAR 2017. 2643050 YOUTH AND FAMILY SERVICES: SERVICES ARE PROVIDED THROUGH ONE RESIDENTIAL AND TWO COMMUNITY BASED PROGRAMS AND AN ALTERNATIVE SCHOOL. THE YOUTH SHELTER PROVIDES TEMPORARY HOUSING AND CARE FOR CHILDREN BETWEEN THE AGES OF 10 AND 18 WHO HAVE RUN AWAY, ARE EXPERIENCING CONFLICT, OR HAVE BEEN LOCKED OUT OF THEIR HOMES. THE SHELTER PROVIDED A SAFE PLACE FOR 220 CHILDREN IN A FAMILY-LIKE ATMOSPHERE. THE CHILDREN RECEIVE DAILY TRANSPORTATION TO AND FROM SCHOOL AND AFTER SCHOOL TUTORING. EACH CHILD PARTICIPATES IN INDIVIDUAL, GROUP AND FAMILY COUNSELING AND A VARIETY OF EDUCATIONAL AND RECREATIONAL ACTIVITIES. FAMILY MANAGEMENT SERVICES PROVIDED FREE COUNSELING SERVICES TO 245 YOUTH (AGES 10-17) AND THEIR FAMILIES IN THE AREAS OF ANGER MANAGEMENT, PEER RELATIONS, SELF-ESTEEM, SCHOOL AND HOME BEHAVIORS. THE SCHOOLHOUSE LINK PROGRAM IS A PARTNERSHIP BETWEEN THE SARASOTA FAMILY YMCA AND THE SARASOTA COUNTY SCHOOL BOARD AND HELPED 1042 IDENTIFIED HOMELESS STUDENTS IN THE COUNTY. THE PROGRAM'S GOAL IS TO ENSURE THAT STUDENTS IN TRANSITION ARE ABLE TO ENROLL, ATTEND AND SUCCEED IN SCHOOL. SCHOOLHOUSE LINK SUPPORTS EACH STUDENT BY HELPING CREATE EDUCATIONAL STABILITY AND BY REMOVING ANY BARRIERS LIMITING THEIR SUCCESS. 139 STUDENTS PARTICIPATED IN THE YMCA TRIAD ALTERNATIVE PROGRAM THAT IS A COOPERATIVE COMMUNITY PROJECT DEVELOPED TO HELP TEENS IMPROVE THEIR CHANCES FOR FUTURE SUCCESS. IT IS A BEHAVIOR MODIFICATION PROGRAM USING LOW STUDENT TO STAFF RATIOS, SELF-CONTAINED CLASSROOMS, MODIFIED CURRICULA, ADVENTURE-BASED LEARNING, AND A "WHOLE-STUDENT" APPROACH TO TEACHING. 855868 134250 EDUCATIONAL OUTREACH PROGRAMS (EOS):A CONTINUUM OF PROGRAMS DESIGNED TO ELEVATE THE QUALITY OF CHILD CARE (CENTER-BASED, FAITH-BASED, FAMILY CHILD CARE AND AFTERSCHOOL CARE), EDUCATION, AND FAMILY INVOLVEMENT FOR CHILDREN FROM KINDERGARTEN TO GRADE 12. HIPPY (HOME INSTRUCTION FOR PARENTS OF PRESCHOOL YOUNGSTERS) INFLUENCED 437 CHILDREN AND FAMILIES BY ASSISTING PARENTS IN BECOMING MORE INVOLVED WITH THE EDUCATION OF THEIR CHILDREN BETWEEN THE AGES OF AGES 3-5. OPERATION GRADUATION ASSISTED 54 SARASOTA LOW INCOME AND DISADVANTAGED STUDENTS TO ACHIEVE ACADEMICALLY AND TO SUCCESSFULLY COMPLETE ELEMENTARY, MIDDLE AND HIGH SCHOOL LEVELS. STUDENTS RECEIVE REMEDIAL AND ENRICHMENT INSTRUCTION IN ORDER TO MAINTAIN ACADEMIC STANDARDS. YMCA READS! HELPED STUDENTS TO CLOSE THE GAP IN STUDENTS' READING PERFORMANCE AND THE STATE OF FLORIDA'S READING PERFORMANCE EXPECTATIONS. THE PROGRAM IS LIMITED TO K THROUGH THIRD GRADERS SPECIFICALLY REFERRED BY THE PARTICIPATING SCHOOLS, AND THE PRIMARY FOCUS OF THE PROGRAMMING WILL BE ON IMPROVING STUDENTS' READING GRADE LEVEL EQUIVALENCY. THERE WERE 311 STUDENTS ENROLLED IN THE Y-ACHIEVERS PROGRAMS WHOSE MISSION IS TO EMPOWER AT-RISK YOUTH TO MAKE AND ACHIEVE POSITIVE GOALS. THE PROGRAM ENCOURAGES CONTINUOUS GROWTH IN THE AREAS OF: 1. PERSONAL DEVELOPMENT 2. COLLEGE PREPARATION 3. COMMUNITY SERVICE AND LEADERSHIP 4. WORKFORCE READINESS 5. RECREATION. IN FISCAL YEAR 2017, $134,250 WAS AWARDED IN SCHOLARSHIPS TO GRADUATES OF THE ACHIEVERS PROGRAM FOR CONTINUING COLLEGE EDUCATION. 855868 134250 45151834 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 130 0 1 844 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 FL X X STEVE BOURNE 9419512916 1 SOUTH SCHOOL AVENUE SARASOTA FL 34237 JAMES BUCHANAN DIRECTOR 1.00 X 0 0 0 RONDA GALLEHUE DIRECTOR 1.00 X 0 0 0 KIM GITHLER DIRECTOR 1.00 X 0 0 0 TREVOR HARVEY DIRECTOR 1.00 X 0 0 0 FREDRIC JACOBS DIRECTOR 1.00 X 0 0 0 EDWARD LANDIS DIRECTOR 1.00 X 0 0 0 LARRY LEV DIRECTOR 1.00 X 0 0 0 BILL MCCLURE DIRECTOR 1.00 X 0 0 0 PETER POWERS DIRECTOR 1.00 X 0 0 0 CLAY COBB DIRECTOR 1.00 X 0 0 0 VIC SCULLY DIRECTOR 1.00 X 0 0 0 JAMES SARTORI TREASURER 1.00 X X 0 0 0 MICHELE GRIMES SECRETARY 1.00 X X 0 0 0 CANDY SWICK VICE CHAIRMAN 1.00 X X 0 0 0 PAUL BOWMAN CHAIRMAN 1.00 X X 0 0 0 STEVE BOURNE SENIOR VP / CFO 40.00 X 130136 0 19473 BRENA SLATER VP OF CBC OPERATIONS 40.00 X 127133 0 13713 BONNIE GAUSPOHL SENIOR VP OF HUMAN RESOURC 40.00 X 122861 0 18829 LAURA GILBERT CEO 40.00 X 111236 0 12283 TRACY SPALSBURY DIR DEVELOPMENT & MARKETING 40.00 X 78506 0 745 569872 0 65043 4 0 0 0 YOUTH AND FAMILY ALTERNATIVES 7524 PLATHE ROAD NEW PORT RICHEY FL 34653 CASE MANAGEMENT 3161185 FAMILY PRESERVATION SERVICES PO BOX 873906 ORLANDO FL 32886 CASE MANAGEMENT 2838195 CENTERSTONE OF FLORIDA INC PO BOX 9478 BRADENTON FL 34206 CASE MANAGEMENT 1627831 FLORIDA SHERIFFS YOUTH RANCHES PO BOX 2000 BOYS RANCH FL 32064 RESIDENTIAL HOME 1066840 HUY HURLEY OF FLORIDA 7264 KYLE CT UNIT B SARASOTA FL 34240 INSURANCE 1013890 42 159376 599337 35340781 829549 25143 36929043 MEMBERSHIP DUES 713940 5799409 5799409 PROGRAM SERVICE FEES 713940 3365344 3365344 9164753 13470 13470 142318 89123 53195 53195 53195 25143 5007 24758 37273 385 -32266 -31881 -31881 66723 599337 190195 -123472 -123472 58221 45811 12410 12410 PARTNERSHIP DISTRIBUTION 900099 94700 94700 MISCELLANEOUS REVENUE 900099 22684 22684 117384 46134902 9164753 0 41106 568374 568374 751299 663400 87899 10215732 9922868 292864 650694 650694 762180 711519 48422 2239 1049377 959857 85693 3827 39124 25495 12778 851 76351 49754 24936 1661 414383 270034 135336 9013 66432 4458 61974 1157348 1049177 61759 46412 2681785 2522674 159111 310340 294213 15907 220 205380 151658 53480 242 146831 108041 38790 1180454 1173977 3783 2694 829491 804151 25340 CONTRACTED SERVICES 25012482 25012446 36 EQUIPMENT RENTAL AND MA 348737 283104 51656 13977 DUES & LICENSES 288239 262458 17529 8252 BANK CHARGES 168921 148069 14955 5897 178813 178813 47102767 45151834 1767749 183184 638543 3009 2475360 1354889 265897 1134985 864560 455879 10177 10213 218451 203989 34632523 22217747 13340433 12414776 391841 417785 5445183 5641061 96582 27423 23747027 21664009 2775029 1801995 662770 695664 2673288 2511416 1322651 1110613 7433738 6119688 X 14698456 14092401 1332723 1169810 282110 282110 16313289 15544321 23747027 21664009 X -967865 -4111 7130 195878 X X 0 1 X 1 1 1 X 34255646 29531161 31804640 35291979 36929043 167812469 34255646 29531161 31804640 35291979 36929043 167812469 167812469 152790 178997 227471 177327 155788 892373 10027 234315 244342 2667 28281 44113 117384 192445 169141629 46743259 0.99210 0.99280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1087115 1087115 24639173 14111913 10527260 1681866 1317192 364674 7224369 6788642 435727 12414776 5641061 F 5641061 CAPITAL LEASE 281474 AGENCY FUNDS (CUSTODIAL LIABILITIES) 131561 DEFERRED GOVERNMENT CONTRACTS 697578 1110613 X 46204430 -4111 222762 195878 414529 45789901 345001 345001 46134902 46973398 215632 89123 304755 46668643 434124 434124 47102767 PART X, LINE 2: UNDER THE INCOME TAXES TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, THE YMCA HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS, OTHER THAN DISCLOSED ABOVE, THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS OF THE YMCA. PART XI, LINE 2D - OTHER ADJUSTMENTS: EQUITY GAIN ON INVESTMENT 105,884. CHANGE IN VALUE OF BENEFICIAL INTEREST IN NET ASSETS OF THE FOUNDATION 89,994. PART XI, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP DISCOUNTS NETTED AGAINST REVENUE PER BOOKS 278,835. PROGRAM DISCOUNTS NETTED AGAINST REVENUE PER BOOKS 155,289. RENTAL EXPENSE -89,123. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 89,123. PART XII, LINE 4B - OTHER ADJUSTMENTS: MEMBERSHIP DISCOUNTS NETTED AGAINST REVENUE PER BOOKS 278,835. PROGRAM DISCOUNTS NETTED AGAINST REVENUE PER BOOKS 155,289. GOLDEN HEARTS 308122 308122 93720 ANNUAL CAMPAIGN 291215 291215 11112 5 66723 66723 85363 666060 599337 66723 190195 190195 -123472 1 MEMBERSHIP ASSISTANCE 1686 278835 FMV FINANCIAL ASSISTANCE BASED ON THE FEDERAL POVERTY GUIDELINES IS PROVIDED TO INDIVIDUALS AND FAMILIES IN THE FORM OF MEMBERSHIP DISCOUNTS. PROGRAM ASSISTANCE 965 155289 FMV FINANCIAL ASSISTANCE BASED ON THE FEDERAL POVERTY GUIDELINES IS PROVIDED TO INDIVIDUALS AND FAMILIES IN THE FORM OF DISCOUNTS ON PROGRAM PARTICIPATION. COLLEGE SCHOLARSHIPS 62 134250 PART I, LINE 2: FINANCIAL ASSISTANCE BASED ON THE FEDERAL POVERTY GUIDELINES IS PROVIDED TO INDIVIDUALS AND FAMILIES IN THE FORM OF A DISCOUNTED RATE FOR MEMBERSHIP OR PROGRAM FEES (EG AFTER SCHOOL). A FORMAL APPLICATION MUST BE MADE BY THE RECIPIENT AND THE AMOUNT OF ASSISTANCE IS BASED ON A SLIDING SCALE USING THE FEDERAL POVERTY GUIDELINES. IN ADDITION COLLEGE STUDENTS WHO GRADUATED FROM THE Y ACHIEVERS PROGRAM MAY QUALIFY FOR A COLLEGE SCHOLARSHIP. CLAY COBB OWNER OF COBB CONSTRUCTION IS ON BOARD OF ORGANIZATION 69078 CONSTRUCTION 0 SCH L PART IV BOARD MEMBERS ARE REQUIRED TO COMPLETE CONFLICT OF INTEREST DISCLOSURE STATEMENTS AND ABSTAIN FROM VOTING ON RELATED ISSUES. X 1 25143 NYSE 0 0 0 FORM 990, PART I, LINE 6 VOLUNTEERS VOLUNTEERS HELP CHILDREN TO IMPROVE THEIR READING SKILLS, TUTOR AND COUNSEL YOUTH, PARTICIPATE IN FUNDRAISING EVENTS, RUN SPORTING EVENTS, COACH YOUTH SPORTS, OBTAIN AND ORGANIZE CLOTHES/SCHOOL SUPPLIES/OTHER NEEDED ITEMS FOR NEEDY CHILDREN AND PARTICIPATE AS BOARD AND COMMITTEE MEMBERS. FORM 990, PART VI, SECTION A, LINE 4 AMENDED AND RESTATED BY LAWS ADOPTED 02-16-2017 ARTICLE V - MANAGEMENT AND MEETINGS OF THE DIRECTORS SECTION 2(A) ADDED - "MEMBERS OF THE BOARD OF DIRECTORS SHALL SERVE THEIR FIRST TERM FOR AN INITIAL ONE (1) YEAR PERIOD." ADDED - "PROVIDED, HOWEVER, THAT IF A MEMBER IS ELECTED TO A FIRST TERM OTHER THAN AT AN ANNUAL MEETING OF DIRECTORS, SUCH DIRECTOR'S INITIAL TERM SHALL EXPIRE AT THE NEXT ANNUAL MEETING OF DIRECTORS." SECTION 14 ADDED - "MAY ALSO DESIGNATE NON-DIRECTORS TO ANY ADVISORY COMMITTEE." SECTION 14(A) ADDED * A DEVELOPMENT COMMITTEE AND * MAY ALSO INCLUDE SUCH OTHER COMMITTEES AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME DEEM APPROPRIATE. SECTION 14(C) ADDED IN ENTIRETY - C) THE BOARD OF DIRECTORS MAY BY RESOLUTION APPOINT AN EXECUTIVE COMMITTEE CONSISTING OF ITS CHAIRMAN, VICE CHAIRMAN, SECRETARY AND TREASURER OF THIS CORPORATION. THE CHAIRMAN MAY NAME UP TO THREE ADDITIONAL DIRECTORS TO THE EXECUTIVE COMMITTEE TO SERVE UNTIL THE NEXT ANNUAL MEETING OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL NOT HOLD REGULAR MEETINGS. ITS PURPOSE SHALL BE LIMITED TO ACTING ON BEHALF OF THE BOARD OF DIRECTORS IN EMERGENCY SITUATIONS WHERE IT IS IMPRACTICABLE TO OBTAIN A BOARD QUORUM. ANY ACTIONS BY THE EXECUTIVE COMMITTEE SHALL BE RATIFIED BY THE BOARD OF DIRECTORS AS SOON AS PRACTICABLE. THE CHAIRMAN MAY ALSO CALL THE EXECUTIVE COMMITTEE INTO SESSION ON AN AD HOC BASIS TO CONSIDER AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS CONCERNING OTHER ISSUES, INCLUDING WITHOUT LIMITATION THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER AND OTHER SENIOR MANAGEMENT PERSONNEL AND OTHER HUMAN RESOURCES ISSUES. ARTICLE VI - OFFICERS SECTION 1(B) REMOVED - THE SECRETARY AND TREASURER SHALL NOT SERVE FOR MORE THAN THREE (3) CONSECUTIVE ONE (1) YEAR TERMS. REPLACED WITH - "THE BOARD OFFICERS SHALL BE ELECTED CONCURRENTLY FOR A TERM OF TWO YEARS AND BEGINNING IN JUNE 2013 MAY NOT SERVE MORE THAN TWO CONSECUTIVE TERMS IN THE SAME BOARD OFFICER POSITION." SECTION 3 REMOVED - EACH CHAIRMAN OF THE BOARD SHALL SERVE AN INITIAL TERM OF TWO (2) YEARS. SECTION 6 ADDED - IN ADDITION TO ATTENDING BOARD OF DIRECTOR MEETINGS, THE SECRETARY OR THE THE SECRETARY'S DESIGNEE WILL ALSO ATTEND ADVISORY COMMITTEE MEETINGS TO RECORD VOTES AND TAKE MINUTES. ARTICLE VII - STAFF SECTION 1 REMOVED - THE PRESIDENT SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS AND SHALL BE DISCHARGED BY TWO - THIRDS (2/3) VOTE OF ALL ACTIVE MEMBERS OF THE BOARD OF DIRECTORS. REPLACED WITH - THE PRESIDENT SHALL SERVE AT THE PLEASURE OF THE BOARD OF DIRECTORS AND SHALL BE DISCHARGED WITH OR WITHOUT CAUSE, BY A TWO-THIRDS (2/3) VOTE OF THE ENTIRE BOARD OF DIRECTORS. ARTICLE X - BRANCH ADVISORY BOARDS SECTION 2 ADDED IN ITS ENTIRETY - BRANCH ADVISORY BOARD OFFICERS TO INCLUDE BRANCH CHAIRMAN, BRANCH VICE CHAIRMAN, BRANCH SECRETARY AND BRANCH TREASURER SHALL BE ELECTED FOR A TERM OF TWO YEARS. A BRANCH ADVISORY BOARD OFFICER CAN SERVE IN THE SAME BRANCH ADVISORY BOARD OFFICER POSITION ONLY FOR A SINGLE TWO YEAR TERM. AFTER A TWO YEAR OR LONGER HIATUS, IF NOMINATED AND ELECTED, SUCH INDIVIDUAL CAN SERVE A SECOND TWO YEAR TERM IN THE SAME BRANCH ADVISORY BOARD OFFICER POSITION. SECTION 5 ADDED - THAT AN ADVISORY BOARD MEMBER "BE AT LEAST EIGHTEEN (18) YEARS OLD." SECTION 6 ADDED TO THE DESCRIPTION OF THE BRANCH ADVISORY BOARD MEMBER RETENTION - OR FAILURE TO CONTINUE TO OWN OR TO BE A SUSTAINING MEMBER OF THIS CORPORATION. BRANCH ADVISORY BOARD MEMBERS SHALL BE SUBJECT PARI PASSU TO THE SAME TERM LIMITS AS THE BOARD OF DIRECTORS AS PROVIDED IN ARTICLE V, SECTION 2." SECTION 8 REMOVED - THE CHAIRMAN OF EACH ADVISORY BOARD OF EACH BRANCH SHALL APPOINT A NOMINATING COMMITTEE CONSISTING OF TWO MEMBERS OF THE ADVISORY BOARD AND TWO MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION IN ORDER TO FILL VACANCIES (AS DEFINED IN SECTION 6 OF THIS ARTICLE X) ON THE ADVISORY BOARD. AT LEAST TWO MONTHS PRIOR TO ANY MONTHLY MEETING (THE "ELECTION MEETING"), THE NOMINATING COMMITTEE SHALL ADVISE THE SECRETARY OF THE ADVISORY BOARD OF ITS NOMINATIONS OF CANDIDATES TO THE ADVISORY BOARD. THE SECRETARY OF THE ADVISORY BOARD SHALL MAIL THESE NOMINATIONS TOGETHER WITH THE COMMENTS (IF ANY) OF THE NOMINATING COMMITTEE TO EACH MEMBER OF THE ADVISORY BOARD. SUCH MEMBERS SHALL BE FORMALLY NOMINATED BY THE MAJORITY VOTE OF THE ADVISORY BOARD AT ITS SCHEDULED ELECTION MEETING, AND CONFIRMED BY THE BOARD OF DIRECTORS OF THE CORPORATION AT ITS NEXT SCHEDULED MEETING. REPLACED WITH - IF PURSUANT TO SECTION 7 OF THIS ARTICLE X) A BRANCH ADVISORY BOARD APPROVES THE NOMINATION OF A PERSON TO SUCH BOARD, THE CHAIRMAN OR THE SECRETARY OF THAT BRANCH ADVISORY BOARD SHALL SO NOTIFY THIS CORPORATION'S GOVERNANCE COMMITTEE OF THAT NOMINATION AND SHALL PROVIDE THE GOVERNANCE COMMITTEE WITH SUCH RELEVANT INFORMATION REGARDING THE NOMINEE AS THE GOVERNANCE COMMITTEE MAY REQUIRE. IF THE NOMINATION IS APPROVED BY THE GOVERNANCE COMMITTEE AND THEREAFTER CONFIRMED BY THE BOARD OF DIRECTORS OF THIS CORPORATION, THE PERSONS SO NOMINATED AND CONFIRMED SHALL BECOME MEMBERS OF THE APPLICABLE ADVISORY BOARD AT ITS NEXT SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. IT IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT. A PAPER OR ELECTRONIC COPY OF THE RETURN IS PROVIDED TO ALL BOARD MEMBERS. THE FORM 990 IS PRESENTED AT A REGULAR BOARD MEETING WHERE THE FLOOR IS OPEN FOR QUESTIONS AND DISCUSSION. FORM 990, PART VI, SECTION B, LINE 12C TRANSACTIONS WITH DIRECTORS, OFFICERS AND EMPLOYEES OF THE ORGANIZATION ARE DISCOURAGED. SHOULD A TRANSACTION INVOLVING A DIRECTOR, OFFICER OR EMPLOYEE BE DEEMED NECESSARY, THE CONFLICT OF INTEREST MUST BE SUBMITTED TO THE AUDIT COMMITTEE FOR APPROVAL. ANNUALLY, CONFLICT OF INTEREST STATEMENTS ARE PROVIDED AND SIGNED BY ALL DIRECTORS, OFFICERS AND EMPLOYEES WHO ARE EXEMPT OR IN KEY POSITIONS AND ALL TRANSACTIONS MUST BE AUTHORIZED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS USING COMPARABILITY DATA. THIS DATA MAY BE PROVIDED BY AN INDEPENDENT CONSULTANT OF THE ASSOCIATON'S HR DEPARTMENT. THE REVIEW PROCESS IS DOCUMENTED AND ALL FINDINGS AND RECOMMENDATIONS ARE PRESENTED TO THE FULL BOARD OF DIRECTORS IN EXECUTIVE SESSION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS YMCA FOUNDATION OF SARASOTA, IN 89,994. EQUITY GAIN ON INVESTMENT 105,884. FORM 990, PART XII, LINE 2C AUDIT REVIEW PROCESS THE ORGANIZATION HAS AN AUDIT COMMITTEE WHICH IS RESPONSIBLE FOR AUDIT OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT.