2015-06-19T13:15:23-07:00 2014-12-31 990 2014-01-01 131624231 YOUNG WOMEN'S CHRISTIAN ASSOCIATION RETIREMENT FUND INCORPORATED YOUN 2129229500 52 Vanderbilt Ave 6th FL New York NY 100173847 Joseph DeRocchis Controller 2129229500 2015-06-19 2014 2016-03-07 17:11:31Z Elizabeth Clark 52 Vanderbilt Ave 6th FL New York NY 10017 274250094 0 X YWCARF.ORG X 1925 NY Provides retirement benefits to eligible participants. 10 10 21 0 0 0 0 0 35622552 6579418 21817481 25807683 0 0 57440033 32387101 0 0 32525877 31436507 2662465 2797717 0 0 0 3308595 3350325 38496937 37584549 18943096 -5197448 466159581 446020611 1934822 1114832 464224759 444905779 Provides retirement benefits to eligible participants. 0 0 18505908 0 0 The Fund provides participants with lump sum benefit payments upon retirement or termination of employment from participating YWCA's. 12393279 0 0 The Fund provides retirement annuity benefits to eligible participants, employees, and beneficiaries. 537320 0 0 The Fund makes payments to beneficiaries upon the death of a participant or annuitant when applicable. 0 0 0 31436507 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 X 18 0 21 1 0 1 BE BR CA FI FR GM HK JA SP SW SZ UK 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Joseph DeRocchis 2129229500 52 Vandebilt Ave 6th Fl New York NY 100173808 Richard W Taylor President 2 0 X 0 0 0 Susan K Burke Vice President 2 0 X 0 0 0 Margaret S Neilly Treasurer 2 0 X 0 0 0 Mildred E Morrison Secretary 1 0 X 0 0 0 Jacqueline V Bostic Board Member 1 0 X 0 0 0 Prima Mathai-Davis Board Member 1 0 X 0 0 0 Barbara B Glass Board Member 1 0 X 0 0 0 Jan C Stewart Board Member 1 0 X 0 0 0 Deborah G Ullman Board Member 1 0 X 0 0 0 Bruce Lueck Board Member 1 0 X 0 0 0 Elizabeth Clark Executive Director 35 0 X 345460 0 57786 Betty Jo Lesonsky Benefits Director 35 0 X 210300 0 52398 Joseph DeRocchis Controller 35 0 X 145593 0 58237 Guedner Villette Systems manager 35 0 X 139992 0 37755 Paul Li Programmer 35 0 X 129169 0 36539 Igor Mannikus Programmer 35 0 X 121400 0 19461 Josephine Chow Contributions Manager 35 0 X 108396 0 37755 1200310 0 299931 9 0 1 0 Procentia Inc 1540 East Dundee Rd Suite 215 Palatine IL 600748326 Systems Software Provider 1202567 Wells Fargo Bank Trust Operations NW 5159 P O Box 1450 Minneaplois MN 554855159 Investment Manager 317221 Bennett Butler LLC 240 East 82nd Street Suite 16 J New York NY 10028 Systems Consulting 312961 Mercer Human Resource Consulting PO Box 13793 Newark NJ 071880793 Actuary 248960 JP Morgan Chase PO Box 26040 New York NY 10087 Custodian 231477 15 0 Employer Contributions 624100 5142139 5142139 0 0 Employee Contributions 624100 1437279 1437279 0 0 0 0 0 0 6579418 8425749 8425749 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 259244927 0 241862993 0 17381934 0 17381934 17381934 0 0 0 32387101 32387101 0 0 0 0 0 0 0 0 31436507 31436507 555760 0 555760 0 1687011 0 1687011 0 0 0 0 0 106972 0 106972 0 302031 0 302031 0 145943 0 145943 0 0 0 0 0 185545 0 185545 0 95500 0 95500 0 0 0 0 0 0 0 961968 0 961968 227021 0 227021 131208 0 131208 444379 0 444379 128283 0 128283 79110 79110 719732 719732 Actuarial Fees 255365 0 255365 0 Consultant Fees 10039 0 10039 0 Bank Charges 81872 0 81872 0 Subscriptions 30303 0 30303 0 37584549 31436507 6148042 0 2939025 1152941 94043813 65654419 1758195 1082753 83523 93790 6978222 3214936 2300382 3763286 320534775 327033776 44499868 47239646 466159581 446020611 840683 991816 1094139 123016 1934822 1114832 X 464224759 444905779 0 0 0 0 464224759 444905779 466159581 446020611 -5197448 -14121532 0 0 0 0 X 0 1 X 1 0 X X 1 YWCA OF THE USA 131624103 9 1 31436507 0 1 31436507 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 Schedule A, Part IV, Section E, Line 2a The main goal of the YWCA Retirement Fund is to provide income at retirement for all eligible employees. Achieving this goal enables our supported organization, the YWCA of the USA, to attract, recruit, and retain the most qualified employees available who will, in turn, work to carry out YWCA of the USA's exempt purpose. Schedule A, Part IV, Section E, Line 2b If not for the involvement of the YWCA Retirement Fund (the Fund), the YWCA of the USA, being the supported organization, would have to provide a similar type of retirement benefit, as compared to the benefit offered by the Fund, in order to attract, recruit, and retain the same caliber of employee that it currently targets using the Fund as one of its marketing tactics. 0 0 0 0 0 0 0 0 847665 805995 41670 0 6130557 2408941 3721616 0 0 0 0 3763286 Commingled Funds 47239646 F 47239646 Due to broker for securities purchased 123016 123016 18265569 -14121532 0 0 0 -14121532 32387101 0 0 0 32387101 37584549 0 0 0 0 0 37584549 0 0 0 37584549 South America 0 0 Investments 3189790 East Asia and the Pacific 0 0 Investments 2348580 Europe (including Iceland and Greenland) 0 0 Investments 17015490 Central America and the Caribbean 0 0 Investments 30312653 0 0 52866513 0 0 1 1 0 0 X 1 1 X X X 0 1 0 0 0 0 0 1 0 Elizabeth Clark Executive Director 345460 0 0 0 0 0 50209 0 7577 0 403246 0 0 0 Betty Jo Lesonsky Benefits Director 210300 0 0 0 0 0 43556 0 8842 0 262698 0 0 0 Joseph DeRocchis Controller 145593 0 0 0 0 0 33960 0 24276 0 203829 0 0 0 Guedner Villette Systems manager 139992 0 0 0 0 0 14693 0 23061 0 177746 0 0 0 Paul Li Programmer 129169 0 0 0 0 0 13480 0 23059 0 165708 0 0 0 Igor Mannikus Programmer 121400 0 0 0 0 0 12272 0 7189 0 140861 0 0 0 Josephine Chow Contributions Manager 108396 0 0 0 0 0 10222 0 9476 0 128094 0 0 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - Schedule J, Part I, Line 1a - Board members are not compensated and are therefore allowed first class or business travel. Schedule J, Part I, Line 3 Schedule J, Part I, Line 3 - Schedule J, Part I, Line 3 - The Personnel & Benefit Committee of the Board of Trustees periodically obtain a salary survey from an independent compensation consulting firm for all employee positions of comparable organizations. They review the survey and evaluate the performance of the Executive Director. They then recommend an appropriate salary to the full Board of Trustees who have the responsibility for final approval of the salary of the Executive Director. For key employees, the committee reviews salaries with the Executive Director who recommends their salary for the committee to consider. Schedule J, Part I, Line 4 Schedule J, Part I, Line 4 - Employees are allowed to participate in a 403(b) plan. Also, certain employees are participants in the Fund's 457 deferred compensation plan. Eligible participants are Elizabeth Clark, Betty Jo Lesonsky, and Joseph DeRocchis. Under the terms of this plan, participants are eligible to receive a distribution 60 days after termination of employment or retirement. In 2014, allocated contributions totaled $52,500 as an equal contribution of $17,500 each was made to Elizabeth Clark, Betty Jo Lesonsky, and Joseph DeRocchis. Schedule J, Part I, Line 7 Schedule J, Part I, Line 7 - Schedule J, Part I, Line 7 - There was a deferred compensation plan in place in 2014 and the Board approved a $52,500 contribution to the plan as of December 31, 2014. The contribution was stipulated to be an equal contribution of $17,500 each to Elizabeth Clark, Betty Jo Lesonsky, and Joseph DeRocchis. Bennett Butlet LLC 240 East 82nd Street Former Trustee owns 100% of Bennett Butler 312961 Systems Consulting Services 0 Form 990, Part V, Line 4b See attached statement 1. Form 990, Part VI, Section B, Line 11b Form 990, Part VI, Section B, Line 11b - Management prepares and reviews the form and then has McDermott, Will & Emery (Attorneys) review the draft that is then supplied to each member of the Board of Trustees for their review and approval. Form 990, Part VI, Section B, Line 12c All officers, Trustees and key employees are given a conflict of interest policy form annually. They are required to complete, sign and submit the conflict of interest form to the Fund. Form 990, Part VI, Section B, Line 15 The Personnel & Benefits committee of the Board of Trustees periodically obtain a salary survey from an independent consulting firm for all employee positions of comparable organizations. The survey is reviewed by the Personnel & Benefits committee coupled with a performance review of the Executive Director. At that time, the Executive Director's salary is recommended to the full Board of Trustees who have final approval for the proposed salary. For key employees, the committee reviews their salaries with the Executive Director who recommends their salary for the committee to consider. Form 990, Part VI, Section C, Line 19 On our website, in newsletters, in the annual funding notice sent to all participants, and in other various types of correspondence, the Fund indicates that governing instruments, the conflict of interest policy, and financial statements are available upon request. YWCA OF THE USA 2025 M Street NW Suite 550 Washington DC 20036 131624103 YWCA goal is to eliminate racism, empower women, and promote peace, justice, freedom, & dignity. DC 501(c) (3) Type III N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0