2015-09-21T10:37:17-05:00 2014-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2014-01-01 231243965 PHILADELPHIA FREEDOM VALLEY YMCA PHIL 2159633700 400 FAYETTE STREET NO 250 CONSHOHOCKEN PA 19428 JOHN F FLYNN PRESIDENT & CEO 2159633700 2015-09-15 1 JULIUS GREEN CPA P00350393 2159720701 2014 2016-02-25 16:41:14Z X JOHN F FLYNN 400 FAYETTE STREET NO 250 CONSHOHOCKEN PA 19428 88793435 0 X WWW.PHILAYMCA.ORG X 1857 PA SEE SCHEDULE O. 49 47 5269 6000 0 0 8268560 9260382 68103444 78033586 2176154 424789 -31592 548116 78516566 88266873 6762766 7862181 0 0 40575858 47477496 0 0 1093564 24836593 26914232 72175217 82253909 6341349 6012964 140711072 164741122 44209668 59609578 96501404 105131544 X SEE SCHEDULE O. 0 0 42658416 4622117 52323297 SEE SCHEDULE O 28656930 3105031 25211924 SEE SCHEDULE O 1246243 135033 499255 SEE SCHEDULE O 72561589 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 73 0 1 5269 1 0 0 0 0 0 1 1 0 0 0 0 X 49 47 0 0 1 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 PA FL NJ NY X BETTEANN KRAMER 2159633745 400 FAYETTE STREET SUITE 250 CONSHOHOCKEN PA 19428 SANFORD LIPSTEIN CHAIR 1.00 X X 0 0 0 THOMAS A DECKER ESQ VICE CHAIR 1.00 X X 0 0 0 RAYMOND D LUKAS TREASURER 1.00 X X 0 0 0 THOMAS MCVEIGH VICE CHAIR 1.00 X X 0 0 0 JEFFREY A LUTSKY CHAIR ELECT 1.00 X X 0 0 0 GEORGE J SWEENEY SECRETARY 1.00 X X 0 0 0 AMIT DOGRA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER CASHMAN DIRECTOR 1.00 X 0 0 0 CLINTON L JACKSON DIRECTOR 1.00 X 0 0 0 DANIEL R TROPEANO DIRECTOR 1.00 X 0 0 0 DARREL A GERMAN DIRECTOR 1.00 X 0 0 0 DEAN M BECKER DIRECTOR 1.00 X 0 0 0 DIANNE L SEMINGSON DIRECTOR 1.00 X 0 0 0 ED NEWMAN DIRECTOR 1.00 X 0 0 0 GEORGETTE MILLER DIRECTOR 1.00 X 0 0 0 GLORIA WATSON DIRECTOR 1.00 X 0 0 0 JAMES D SCHULTZ DIRECTOR 1.00 X 0 0 0 JANET R ELLISON DIRECTOR 1.00 X 0 0 0 JEFF ENTIN DIRECTOR 1.00 X 0 0 0 JEFF STAUFFER DIRECTOR 1.00 X 0 0 0 KENNETH R GARRETT DIRECTOR 1.00 X 0 0 0 KEVIN CHRISTMAN DIRECTOR 1.00 X 0 0 0 LEE WOOLLEY DIRECTOR 1.00 X 0 0 0 LISA R JACOBS DIRECTOR 1.00 X 0 0 0 MARC J ARMSTRONG DIRECTOR 1.00 X 0 0 0 MARIA G ARIAS DIRECTOR 1.00 X 0 0 0 MARIANNE LIEBERMAN DIRECTOR 1.00 X 0 0 0 MARK DUNGAN DIRECTOR 1.00 X 0 0 0 MARK EXLEY DIRECTOR 1.00 X 0 0 0 MATTHEW MANDERS DIRECTOR 1.00 X 0 0 0 MATTHEW STITT DIRECTOR 1.00 X 0 0 0 MICHAEL FEINMAN DIRECTOR 1.00 X 0 0 0 MICHAEL THOMPSON DIRECTOR 1.00 X 0 0 0 MICHAEL WEST DIRECTOR 1.00 X 0 0 0 PAUL S TOUHEY DIRECTOR 1.00 X 0 0 0 PETE RETZLAFF DIRECTOR 1.00 X 0 0 0 PETER C SOENS DIRECTOR 1.00 X 0 0 0 PETER M GROLLMAN DIRECTOR 1.00 X 0 0 0 RAY MAYO DIRECTOR 1.00 X 0 0 0 RAYMOND PENNACCHIA DIRECTOR 1.00 X 0 0 0 RICHARD G WEBSTER JR DIRECTOR 1.00 X 0 0 0 RUBEN AMARO JR DIRECTOR 1.00 X 0 0 0 STEVEN ROTHENBERGER DIRECTOR 1.00 X 0 0 0 THEODORE P MICHAELS ESQ DIRECTOR 1.00 X 0 0 0 THOMAS J BENDER JR ESQ DIRECTOR 1.00 X 0 0 0 THOMAS T SHOEMAKER DIRECTOR 1.00 X 0 0 0 WALT D'ALESSIO DIRECTOR 1.00 X 0 0 0 JOHN FLYNN PRESIDENT & CEO 50.00 X X 624457 0 37664 BETTEANN KRAMER CFO 50.00 X 178209 0 27873 JONATHAN AGNEW COO 50.00 X 207028 0 37456 TERRI WELLMAN SENIOR GROUP VP 50.00 X 161979 0 20576 ANN NELSON VICE PRESIDENT 50.00 X 159817 0 25902 LISA WELSCH CHIEF DEVELOPMENT OFFICER 50.00 X 200305 0 31634 JAMIE BRUNING VP OF MEMBERSHIP 50.00 X 139210 0 22051 CAROL ANN MERRITT VP OF HUMAN RESOURCES 50.00 X 140265 0 29209 ERIC DAUGHERTY VP OF BUSINESS PLANNING & ANALYSIS 50.00 X 146490 0 12680 MICHAEL TROUPE VP OF FACILITIES 50.00 X 133403 0 26729 OMOIYE KINNEY VP OF MARKETING & COMMUNICATIONS 50.00 X 132373 0 22752 SEAN ELLIOTT GROUP VP 50.00 X 128710 0 27742 BERTRAM LAWSON GROUP VP 50.00 X 106177 0 15672 TERESA GEARY VP STRATEGIC & COMMUNITY ACHIEVEMENT 40.00 X 101897 0 18882 MARK MORRISON VP OF INFORMATION TECHNOLOGY 50.00 X 119523 0 15205 ZAFFERO POEHLMANN GROUP VP 50.00 X 111167 0 21769 MARY FRANCES REILLY BRANCH EXECUTIVE DIRECTOR 40.00 X 100599 0 12802 JAY SCHAEFFER FORMER FV CEO 0.00 X 277121 0 0 3168730 0 406598 17 1 1 0 WARFEL CONSTRUCTION COMPANY 1110 ENTERPRISE ROAD EAST PETERSBURG PA 17520 CONSTRUCTION 8326175 BLOOMING GLEN CONTRACTORS INC PO BOX 55 SKIPPACK PA 19474 CONSTRUCTION 1711204 MAIN LINE COMMERCIAL POOL INC 441 FEHELEY DRIVE KING OF PRUSSIA PA 19406 CONSTRUCTION 1260447 KINGKINER BROTHERS PO BOX 5839 PHILADELPHIA PA 19120 CONSTRUCTION 913385 JJ WHITE INC 5500 BINGHAM STREET PHILADELPHIA PA 19120 CONSTRUCTION 772852 61 94195 291618 4450698 4423871 9260382 HEALTHY LIVING 813410 52323297 52323297 YOUTH DEVELOPMENT 813410 25211924 25211924 SOCIAL RESPONSIBILITY 813410 498365 498365 78033586 424789 424789 246364 302874 -56510 -56510 -56510 652900 291618 223688 429212 429212 REBATES & REFUNDS 900099 57766 57766 LATE FEES 900099 55165 55165 UNUSED CREDIT 900099 18801 18801 43682 890 42792 175414 88266873 78034476 0 972015 7819391 7819391 42790 42790 3023544 1195151 1596454 231939 35797107 32967544 2464377 365186 2759231 2553893 184842 20496 2869719 2578458 255136 36125 3027895 2732716 258224 36955 130219 130219 100820 100820 32164 32164 874738 361990 511850 898 85597 85597 6888324 6087706 627200 173418 449807 449807 4758539 4110364 587275 60900 536413 492993 41176 2244 856054 653319 193437 9298 1303549 1188557 113532 1460 4471752 3888574 504098 79080 800943 782511 18432 EQUIPMENT RENTAL/MAINT. 3528058 3161454 331422 35182 SERVICE CHARGES 900793 900793 MEMBERSHIP DUES 466960 92647 373449 864 ADMISSION FEES 319193 319193 410309 181738 207484 21087 82253909 72561589 8598756 1093564 2460746 2298365 15715663 15836372 1431094 1178480 419725 194080 368283 476373 185817878 53555146 108734941 132262732 10798285 11753873 782335 740847 140711072 164741122 6703529 10607431 1292388 1810674 35289412 36319739 924339 10871734 44209668 59609578 X 93304883 102935091 2222736 1214167 973785 982286 96501404 105131544 140711072 164741122 X 6012964 249986 2367190 X X 0 1 X 1 1 0 X 5689711 5323121 6517890 8230664 9260382 35021768 31705559 36243829 38986935 68103444 78033586 253073353 37395270 41566950 45504825 76334108 87293968 288095121 0 0 0 288095121 260181 162451 298694 313363 671153 1705842 260181 162451 298694 313363 671153 1705842 147820 267126 94210 78233 174524 761913 37803271 41996527 45897729 76725704 88139645 290562876 0.99150 0.99150 0.00590 0.00580 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2010 AMOUNT: $ 36,648. 2011 AMOUNT: $ 80,113. 2012 AMOUNT: $ 74,015. 2013 AMOUNT: $ 61,037. 2014 AMOUNT: $ 95,780. INSURANCE PROCEEDS - 2010 AMOUNT: $ 2,770. 2011 AMOUNT: $ 32,190. FUNDRAISING RECEIPTS - 2010 AMOUNT: $ 108,402. 2011 AMOUNT: $ 154,823. 2012 AMOUNT: $ 18,365. 2013 AMOUNT: $ 17,196. 2014 AMOUNT: $ 4,778. EDUCATION TRAINING - 2012 AMOUNT: $ 1,830. LATE FEES - 2014 AMOUNT: $ 55,165. UNUSED CREDIT - 2014 AMOUNT: $ 18,801. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 32164 0 0 0 32164 0 PART II-B, LINE 1: PAID $32,164 TO THE PA STATE ALLIANCE OF YMCAS IN ORDER FOR THE ORGANIZATION TO ADVANCE A STATE LEGISLATIVE AND ADVOCACY PROGRAM THAT PRIORITIZES ISSUES IMPORTANT TO THE PENNSYLVANIA YMCAS. 1 165615 126444 39171 0 10798286 725326 645541 365024 50254 11753875 5672034 4029303 1096949 10798286 5591934 17513 735825 173238 500000 5672034 5635375 -43441 5591934 5155957 479418 5635375 0.94750 0.05250 0 0 12067289 12067289 133820520 38043840 95776680 678617 192301 486316 18908628 14550822 4357806 20342824 768183 19574641 132262732 CONSTRUCTION LINE OF CREDIT 10871734 10871734 X 83424935 249986 -5394798 -5144812 88569747 -302874 -302874 88266873 74794795 302874 302874 74491921 7761988 7761988 82253909 PART IV, LINE 1B: PHILADELPHIA FREEDOM VALLEY YMCA BECAME A CUSTODIAN FOR THE PA STATE ALLIANCE OF YMCAS IN JULY 2010. PART V, LINE 4: TO PROVIDE SCHOLARSHIP DOLLARS FOR VARIOUS PROGRAMS, ACTIVITIES AND SERVICES. PART X, LINE 2: THE ASSOCIATION ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES USING A RECOGNITION THRESHOLD OF MORE-LIKELY-THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPROPRIATE TAXING AUTHORITY. MEASUREMENT OF THE TAX UNCERTAINTY OCCURS IF THE RECOGNITION THRESHOLD IS MET. MANAGEMENT DETERMINED THERE WERE NO TAX UNCERTAINTIES THAT MET THE RECOGNITION THRESHOLD IN 2014. THE FEDERAL EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURNS FOR THE ASSOCIATION FOR THE YEARS PRIOR TO 2011 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 95. CHANGE IN VALUE OF INTEREST RATE SWAP -406,557. FINANCIAL ASSISTANCE -7,761,988. IMPUTED CONTRIBUTION ON ACQUISITIONS 2,773,652. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSE -302,874. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 302,874. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL ASSISTANCE 7,761,988. JWA DINNER 293303 50000 243303 732 34960 4500 760 GOLF TOURNAMENT 207248 19152 188096 608 38532 139 19 443967 222466 221501 5000 2156 56268 11122 5661 63250 944518 291618 652900 5000 3496 129760 11122 10161 64149 223688 429212 1 SCHOLARSHIPS FOR MEMBERSHIPS & PROGRAMS 5157 7819391 PART I, LINE 2: THE ORGANIZATION PROVIDES THE FOLLOWING TYPES OF GRANTS AND ASSISTANCE: SCHOLARSHIPS IN THE FORM OF DISCOUNTED MEMBERSHIP FEES AND OTHER FEE REDUCTIONS ARE PROVIDED TO INDIVIDUALS WHO QUALIFY FOR FINANCIAL ASSISTANCE. INDIVIDUALS ARE REQUIRED TO COMPLETE A FINANCIAL ASSISTANCE APPLICATION. QUALIFYING INDIVIDUALS MAY RECEIVE A PERCENTAGE DISCOUNT BASED ON GROSS FAMILY INCOME AND NUMBER OF FAMILY MEMBERS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN FLYNN PRESIDENT & CEO 509022 0 110350 0 5085 0 31200 0 6464 0 662121 0 0 0 BETTEANN KRAMER CFO 178209 0 0 0 0 0 21385 0 6488 0 206082 0 0 0 JONATHAN AGNEW COO 207028 0 0 0 0 0 24843 0 12613 0 244484 0 0 0 TERRI WELLMAN SENIOR GROUP VP 161979 0 0 0 0 0 19437 0 1139 0 182555 0 0 0 ANN NELSON VICE PRESIDENT 159817 0 0 0 0 0 19178 0 6724 0 185719 0 0 0 LISA WELSCH CHIEF DEVELOPMENT OFFICER 160305 0 40000 0 0 0 24037 0 7597 0 231939 0 0 0 JAMIE BRUNING VP OF MEMBERSHIP 139210 0 0 0 0 0 16705 0 5346 0 161261 0 0 0 CAROL ANN MERRITT VP OF HUMAN RESOURCES 140265 0 0 0 0 0 16832 0 12377 0 169474 0 0 0 ERIC DAUGHERTY VP OF BUSINESS PLANNING & ANALYSIS 146490 0 0 0 0 0 11608 0 1072 0 159170 0 0 0 MICHAEL TROUPE VP OF FACILITIES 128403 0 5000 0 0 0 16008 0 10721 0 160132 0 0 0 OMOIYE KINNEY VP OF MARKETING & COMMUNICATIONS 132373 0 0 0 0 0 15885 0 6867 0 155125 0 0 0 SEAN ELLIOTT GROUP VP 128710 0 0 0 0 0 15445 0 12297 0 156452 0 0 0 JAY SCHAEFFER FORMER FV CEO 277121 0 0 0 0 0 0 0 0 0 277121 0 0 0 PART I, LINE 1A PHILADELPHIA FREEDOM VALLEY YMCA PAID FOR CLUB DUES TO THE PHILADELPHIA COUNTRY CLUB FOR JOHN FLYNN, PRESIDENT/CEO. PAYMENTS ARE MADE UNDER THE TERMS OF JOHN FLYNN'S EMPLOYMENT CONTRACT AND ARE NOT INCLUDED IN TAXABLE COMPENSATION BECAUSE ALL ACTIVITIES ARE BUSINESS RELATED. CHRIS CASHMAN OFFICER 199632 INDEPENDENCE BLUE CROSS HEALTH CARE PROVIDER; PREMIUMS PAID TO INDEPENDENCE BLUE CROSS THROUGH THIRD PARTY ADMINISTRATOR - BROWN & BROWN 0 CHRIS CASHMAN OFFICER 2819783 KEYSTONE HEALTH PLAN EAST HEALTH CARE PROVIDER; PREMIUMS PAID TO KEYSTONE HEALTH PLAN EAST THROUGH THIRD PARTY ADMINISTRATOR - BROWN & BROWN 0 FORM 990, PART I, LINE 1 TO TRANSLATE THE PRINCIPLES OF THE YMCA'S CHRISTIAN HERITAGE INTO PROGRAMS THAT NURTURE CHILDREN, STRENGTHEN FAMILIES, BUILD COMMUNITIES AND DEVELOP HEALTHY MINDS, SPIRITS AND BODIES FOR ALL. AT THE YMCA, DEVELOPING CHARACTER IS THE DRIVING FORCE BEHIND ALL OF OUR INITIATIVES. BY TEACHING THE VALUES OF CARING, HONESTY, RESPECT AND RESPONSIBILITY, WE ENCOURAGE INDIVIDUALS TO DO GOOD WORK, AND PROVIDE THEM WITH THE SKILLS TO BECOME RESPONSIBLE CITIZENS. BUILDING STRONG CHARACTER IS THE CORNERSTONE WE USE TO BUILD STRONG KIDS, STRONG FAMILIES AND STRONG COMMUNITIES. FORM 990, PART III, LINE 4A THE PHILADELPHIA FREEDOM VALLEY YMCA, ONE OF THE NATION'S LEADING NONPROFITS FOR OVER 160 YEARS, STRENGTHENS COMMUNITIES THROUGH YOUTH DEVELOPMENT, HEALTHY LIVING AND SOCIAL RESPONSIBILITY. THROUGHOUT SOUTHEASTERN PA, THE PHILADELPHIA FREEDOM VALLEY YMCA SERVES NEARLY 90,000 MEMBERS AND MORE THAN 230,000 INDIVIDUALS A YEAR. ANCHORED IN 18 LOCATIONS IN CHESTER, DELAWARE, MONTGOMERY AND PHILADELPHIA COUNTIES AND AN 1,100 ACRE SUMMER RESIDENT CAMP, CAMP SPEERS IN THE POCONOS, THE Y PROVIDES PROGRAMS AND SERVICES THAT INCLUDE HEALTH AND WELLNESS, AQUATICS, CHILD CARE AND AFTER SCHOOL PROGRAMS, YOUTH SPORTS LEAGUES, SUMMER DAY CAMP PROGRAMS, TEEN LEADERSHIP CLUBS AND Y ACHIEVERS. THE PHILADELPHIA FREEDOM VALLEY YMCA FULFILLS ITS NON-PROFIT OBLIGATIONS IN COUNTLESS WAYS: THROUGH FINANCIAL ASSISTANCE SUBSIDIES FOR PARTICIPATION IN MEMBERSHIP AND PROGRAMS, AND THROUGH TARGETED MISSION-BASED INITIATIVES THAT MEET THE SPECIFIC NEEDS OF INDIVIDUALS AND FAMILIES. IN ADDITION TO MEMBERSHIP DUES AND PROGRAM SERVICE FEES, THE PHILADELPHIA FREEDOM VALLEY YMCA RAISED $3,699,036 IN GRANTS AND CONTRIBUTIONS IN 2014. IN THE SAME YEAR, THE FINANCIAL ASSISTANCE PROGRAM PROVIDED $7,761,987.96 IN SUBSIDIES TO OVER 6,000 INDIVIDUALS WHO OTHERWISE WOULD NOT BE ABLE TO AFFORD THE FULL COST OF OUR SERVICES. ACHIEVEMENTS FOR THE THREE LARGEST PROGRAM SERVICE AREAS - THE THREE LARGEST PROGRAM SERVICE AREAS OF THE PHILADELPHIA FREEDOM VALLEY YMCA FOR 2014 WERE: 1. YOUTH DEVELOPMENT (CHILD CARE, SCHOOL AGE CARE & SUMMER DAY CAMP) - $25,763,000. 2. HEALTHY LIVING (HEALTH AND WELL-BEING FOR ALL) - $38,350,542. 3. SOCIAL RESPONSIBILITY (EDUCATION & COMMUNITY OUTREACH) - $1,120,390. TOGETHER THESE CORE PROGRAMS CONSTITUTE 87% OF THE INSTITUTION'S OPERATING EXPENSES, WITH THE REMAINING 13% COVERING MANAGEMENT/GENERAL EXPENSES AND FUND-RAISING EXPENSE. HEALTHY LIVING: THE Y IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE BRING FAMILIES CLOSER TOGETHER, ENCOURAGE GOOD HEALTH, AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, 90,000 PEOPLE IN OUR COMMUNITY ARE RECEIVING THE SUPPORT, GUIDANCE, AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND AND BODY. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES AND INCOME LEVELS. IN 2014, WE PROVIDED OVER $7.7 MILLION IN FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE COULD NOT AFFORD THE MEMBERSHIP. WE FOCUS OUR EFFORTS ON "HEALTH SEEKERS," WHICH WE DEFINE AS CHILDREN, YOUTH, TEENS, ADULTS AND FAMILIES WHOSE SUCCESSFUL PURSUIT OF HEALTH AND WELL-BEING REQUIRES CONTINUOUSLY SUPPORTIVE RELATIONSHIPS AND ENVIRONMENTS. INSIDE THE Y, WE INFLUENCE AND MOTIVATE HEALTH SEEKERS TO MAKE POSITIVE CHANGES IN THEIR PURSUIT OF WELL-BEING. OUTSIDE THE Y, WE HELP TO CREATE AND SUSTAIN HEALTHIER COMMUNITIES THROUGH COLLABORATIVE PARTNERSHIPS WITH OTHER COMMUNITY-BASED HEALTH AND SOCIAL SERVICE ORGANIZATIONS. HEALTHY LIVING INITIATIVES AND PROGRAMS ARE THE YS RESPONSE TO OUR NATION'S GROWING HEALTH CRISIS. THE Y IS REDEFINING ITSELF AND ENGAGING COMMUNITIES ACROSS THE COUNTRY TO BETTER SUPPORT AMERICANS OF ALL AGES WHO ARE STRUGGLING TO ACHIEVE AND MAINTAIN HEALTHY SPIRITS, MINDS AND BODIES FOR ALL. MEMBERSHIP & HEALTH AND WELLNESS WE PROVIDE RESOURCES AND GUIDANCE TO ASSIST MEMBERS IN MAINTAINING OR IMPROVING THEIR HEALTH AND WELLNESS AT ANY STAGE OF LIFE. THE Y PROVIDES A VARIETY OF HEALTH AND WELLNESS PROGRAMS INCLUDING GROUP EXERCISE AND WATER FITNESS CLASSES, HEALTH AND WELLNESS SEMINARS, EDUCATIONAL CLASSES, PERSONALIZED TRAINING PROGRAMS, NON-COMPETITIVE YOUTH AND ADULT SPORTS LEAGUES AND SOCIAL OPPORTUNITIES FOR SENIORS AND FAMILIES. THE PHILADELPHIA FREEDOM VALLEY YMCA ENSURES THAT EVERYONE, REGARDLESS OF INCOME, HAS THE OPPORTUNITY TO PARTICIPATE IN ALL PROGRAMS AND SERVICES. THROUGH THE ANNUAL CAMPAIGN IN 2014, THE YMCA RAISED OVER $5 MILLION. WITH THESE FUNDS, THE Y PROVIDES QUALITY PROGRAMS AND SERVICES AND FINANCIAL ASSISTANCE TO 1-IN-4 OF OUR ACTIVE CHILDREN AND FAMILY MEMBERS. PREVENTION THE Y IS INCREASINGLY FOCUSED ON HELPING INDIVIDUALS TO PREVENT OR MITIGATE THE ADVERSE EFFECTS OF CHRONIC HEALTH CONDITIONS SUCH AS TYPE II DIABETES AND OBESITY. IN 2014, WE CONTINUED TO PROVIDE THE YMCA DIABETES PREVENTION PROGRAM, Y-USA'S MODEL PROGRAM DESIGNED TO HELP THOSE AT RISK OF DEVELOPING THE DISEASE TO ENGAGE IN POSITIVE NUTRITION AND PHYSICAL FITNESS HABITS. OUR Y IS ALSO A SUPPORT TO CANCER SURVIVORS IN OUR COMMUNITIES. WE OFFER SUPPORT TO BREAST CANCER SURVIVORS AT THE SPRING VALLEY AND PHOENIXVILLE YMCAS THROUGH THE PINK CONFETTI PROGRAM. WE ADOPTED Y-USA AND THE LIVESTRONG FOUNDATION'S LIVESTRONG AT THE YMCA, WHICH WAS PILOTED AT THE ROCKY RUN YMCA. HEALTH SCREENINGS THE PHILADELPHIA FREEDOM VALLEY YMCA PROVIDES HEALTH EDUCATION AND SCREENINGS FOR OUR COMMUNITY THROUGHOUT THE YEAR AT ALL OF OUR LOCATIONS AS WELL AS COMMUNITY EVENTS. OFTEN PROVIDED THROUGH PARTNERSHIPS WITH LOCAL HOSPITALS AND HEALTH SYSTEMS, HEALTH EDUCATION AND SCREENINGS INCLUDE SUCH TOPICS AS WEIGHT MANAGEMENT, STRESS REDUCTION, SMOKING CESSATION CLASSES, NUTRITION, BLOOD SUGAR AND BLOOD PRESSURE CHECKS AND SKELETAL MUSCULAR SCANS. IN ADDITION, WE PROVIDE HEALTH AND WELLNESS PREVENTION INSTRUCTION AND MATERIALS TO EDUCATE OUR MEMBERS ON THE IMPORTANCE OF MAINTAINING GOOD HEALTH. AS SERVICE TO OUR MEMBERS AND THE OVERALL COMMUNITY, HEALTH EDUCATION AND SCREENINGS ARE EITHER PROVIDED AT LOW OR NO COST TO THE PARTICIPANT. HEALTHY KIDS DAY EVERY YEAR THE PHILADELPHIA FREEDOM VALLEY YMCA PARTICIPATES IN THE NATIONAL YMCA OF THE USA HEALTHY KIDS DAY. AS A LEADING NONPROFIT STRENGTHENING COMMUNITY THROUGH HEALTHY LIVING, THE Y HOLDS HEALTHY KIDS DAY TO TEACH HEALTHY HABITS TO KIDS AND FAMILIES TO INSPIRE A LIFETIME LOVE OF PHYSICAL ACTIVITY. FAMILIES ARE ENCOURAGED TO PARTICIPATE IN THIS EVENT TOGETHER AND TAKE PART IN THE ACTIVITIES, SCREENINGS AND OTHER LEARNING OPPORTUNITIES. WITH HELP FROM LOCAL ORGANIZATIONS, THE Y IS ABLE TO PROVIDE THIS FREE EVENT TO THE COMMUNITY. IN 2014, APPROXIMATELY 9,654 YOUTH AND ADULTS ATTENDED OUR HEALTHY KIDS DAY EVENT THROUGHOUT OUR ASSOCIATION. SPLASH WEEK ONCE A YEAR, THE PHILADELPHIA FREEDOM VALLEY YMCA PROVIDES SPLASH WEEK. AS A SERVICE FOR THE COMMUNITY, SPLASH WEEK IS A FREE PROGRAM DESIGNED TO HELP CHILDREN AND FAMILIES LEARN IMPORTANT SWIMMING AND WATER SAFETY SKILLS, DEVELOP SELF CONFIDENCE, PRIDE AND INNER STRENGTH. DROWNING IS THE LEADING CAUSE OF DEATH FOR CHILDREN AGES 12 AND UNDER. IN 2014, WE SERVED OVER 1,386 CHILDREN AND FAMILIES THROUGHOUT OUR ASSOCIATION. FORM 990, PART III, LINE 4B YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. THAT'S WHY WE HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIOR, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS, SUCH AS CHILD CARE, SCHOOL AGE CARE AND SUMMER DAY CAMP PROGRAMS, OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR 3,000 KIDS DAILY TO RECEIVE OUR SERVICES. EARLY CHILDHOOD EDUCATION THE PHILADELPHIA FREEDOM VALLEY YMCA IS THE LARGEST NONPROFIT PROVIDER OF CHILD CARE SERVICES IN SOUTHEASTERN PA, CARING FOR OVER 3,000 CHILDREN EACH DAY. WE OFFER STATE-LICENSED AND KEYSTONE STAR RANKED CHILD CARE PROGRAMS AT 18 BRANCH LOCATIONS AND 90 PROGRAM SITES INCLUDING: THE AUDUBON, ABINGTON, AMBLER AREA, BOYERTOWN, CHRISTIAN STREET, COLUMBIA NORTH, HAVERFORD, NORTHEAST FAMILY, PHOENIXVILLE, POTTSTOWN, ROCKY RUN, ROXBOROUGH, SPRING VALLEY, UPPER PERKIOMEN VALLEY AND WEST PHILADELPHIA YMCAS. WE OFFER HIGH-QUALITY PRE-K PROGRAMS AT THE: AUDUBON, COLUMBIA NORTH, NORTHEAST FAMILY, ROXBOROUGH, PHOENIXVILLE, POTTSTOWN AND SPRING VALLEY YMCAS. ALL OF OUR CHILD CARE PROGRAMS PROVIDE A SAFE, NURTURING ENVIRONMENT IN WHICH CHILDREN LEARN, GROW AND DEVELOP SOCIAL SKILLS. WE PROVIDE FINANCIAL ASSISTANCE, MITIGATING ECONOMIC BARRIERS THAT WORKING FAMILIES MIGHT FACE IN CHOOSING HIGH-QUALITY CARE FOR THEIR CHILDREN. OUR EARLY CHILDHOOD EDUCATION CLASSROOMS ARE SET UP BY AGE AND STRUCTURE USING THE "CENTER METHOD". OUR TEACHERS UTILIZE THE CREATIVE CURRICULUM, WHICH ASSISTS CHILDREN'S LEARNING THROUGH THEIR EVERYDAY PLAY. THE CENTER METHOD AND THE CREATIVE CURRICULUM ARE THEMED-BASED WITH SPECIFIC GOALS FOR INDIVIDUAL DEVELOPMENT THAT PREPARES EACH STUDENT FOR HIGHER LEVELS OF LEARNING. AT THE Y, CHILDREN ALSO BENEFIT FROM MEANINGFUL PHYSICAL ACTIVITY, SUCH AS SWIM LESSONS AND GYM ACTIVITIES. A KEY FEATURE OF OUR EARLY CHILDHOOD EDUCATION PROGRAM IS PARENTAL INVOLVEMENT. WE WORK WITH PARENTS AS PARTNERS, HELPING THEM TO BUILD KNOWLEDGE OF EARLY CHILDHOOD DEVELOPMENT AND UNDERSTAND THE IMPORTANCE OF EARLY CHILDHOOD EDUCATION. EQUIPPED WITH THIS KNOWLEDGE, PARENTS WORK DILIGENTLY WITH THEIR CHILDREN TO REINFORCE AT HOME LESSONS AND SKILLS LEARNED AT THE YMCA. STAFF AND PROGRAM HIGH QUALITY CREDENTIALS AND STRUCTURE AT THE PHILADELPHIA FREEDOM VALLEY YMCA QUALITY CARE DEPENDS ON QUALITY TEACHERS. ALL OF OUR EARLY CHILDHOOD EDUCATION CLASSROOM TEACHERS HAVE A MINIMUM OF AN ASSOCIATE'S DEGREE IN EARLY CHILDHOOD EDUCATION. TEACHING ASSISTANTS MUST HAVE ATTAINED THEIR CHILD DEVELOPMENT ASSOCIATE (CDA) CREDENTIAL. THE Y IS COMMITTED TO PROFESSIONAL DEVELOPMENT AND ENCOURAGES STAFF TO FURTHER THEIR EDUCATION IN ORDER TO PROVIDE THE MOST KNOWLEDGEABLE AND EXPERIENCED CARE POSSIBLE. EXCELLENT CHILD CARE ALSO HINGES UPON DELIVERING INDIVIDUALIZED CONSIDERATION OF THE SPECIAL NEEDS OF EACH STUDENT. SMALL CLASSROOMS THAT ENABLE AMPLE PERSONAL ATTENTION BETWEEN TEACHERS AND STUDENTS ARE A HALLMARK ATTRIBUTE OF EARLY CHILDHOOD EDUCATION AT THE Y. FOR CHILDREN AGES 12-24 MONTHS, THE TEACHER TO STUDENT RATIO IS 1:5. FOR STUDENTS 2.5-3 YEARS OLD, THE TEACHER TO STUDENT RATIO IS 1:6. FOR STUDENTS 3-5 YEARS OLD, THE TEACHER TO STUDENT RATIO NEVER EXCEEDS 1:10. CHILD DEVELOPMENT ASSOCIATE TRAINING PROGRAM (CDA) THE CHILD DEVELOPMENT ASSOCIATE TRAINING PROGRAM PROVIDES AN ESSENTIAL CREDENTIAL TO AN EMERGING CHILDCARE PROFESSIONAL. THIS NATIONALLY RECOGNIZED CREDENTIAL ASSISTS PRACTITIONERS IN MEETING THE SPECIFIC NEEDS OF CHILDREN AND GAINING THE KNOWLEDGE TO WORK WITH PARENTS AND OTHER ADULTS TO SUPPORT AND NURTURE A CHILD'S PHYSICAL, SOCIAL, EMOTIONAL AND INTELLECTUAL GROWTH IN A CHILD DEVELOPMENT FRAMEWORK. IN 2014, THE PHILADELPHIA FREEDOM VALLEY YMCA GRADUATED 135 INDIVIDUALS WITH A CDA. THIS TRAINING PROGRAM IS FUNDED WITH THE ASSISTANCE OF THE PENNSYLVANIA OFFICE OF CHILD DEVELOPMENT AND EARLY LEARNING. FAMILY CHILDCARE NETWORK THE ACCREDITATION INITIATIVE IS THE FAMILY CHILDCARE NETWORK'S WAY TO INCREASE THE QUALITY AND QUANTITY OF INFANT/TODDLER CARE CENTERS IN THE CITY OF PHILADELPHIA AND SURROUNDING COUNTIES WHILE PROVIDING TRAINING AND TECHNICAL ASSISTANCE TO MEET THE PREREQUISITES FOR ACCREDITATION UNDER NATIONAL ASSOCIATION OF FAMILY CHILD CARE CENTERS (NAFCC). ANY RESIDENT OF PHILADELPHIA, MONTGOMERY OR DELAWARE COUNTY WITH A DESIRE TO COMMIT TO THE EDUCATION OF YOUNG CHILDREN CAN BECOME A LICENSED FAMILY CHILDCARE PROVIDER. THROUGH OUR PROGRAM WE ASSIST A MINIMUM OF 75 PARTICIPANTS, CARING FOR 450 CHILDREN ANNUALLY, TO ATTAIN ALL REQUIRED LICENSES AND PERMITS FROM THE CITY AND STATE IN ORDER TO LEGALLY OPERATE A CHILD CARE BUSINESS. SCHOOL-AGE CHILDCARE: BEFORE AND AFTER SCHOOL PROGRAMS AFTER CHILDREN ENTER KINDERGARTEN, THE PHILADELPHIA FREEDOM VALLEY YMCA ENCOURAGES THEIR SOCIAL AND PSYCHOLOGICAL DEVELOPMENT THROUGH STATE-LICENSED BEFORE AND AFTER SCHOOL CARE PROGRAMS. ACROSS THE ENTIRE ASSOCIATION IN 2014, WE SERVED OVER 1,500 STUDENTS IN GRADES K-8 WITH BOTH BEFORE AND AFTER-SCHOOL PROGRAMS. MONDAY - FRIDAY, BEFORE SCHOOL CARE BEGINS AT 6:30AM OR 7:00AM, DEPENDING ON THE BRANCH SITE, AND INCLUDES TRANSPORTATION TO SELECT SCHOOLS IN THE BRANCH'S LOCAL COMMUNITY. AFTER SCHOOL CARE RUNS FROM SCHOOL DISMISSAL TO 6:00PM AND ALSO INCLUDES TRANSPORTATION FROM SELECT SCHOOLS IN EACH BRANCH'S NEIGHBORHOOD TO THE YMCA. ON EARLY-DISMISSAL DAYS AND SCHOOL HOLIDAYS, THE Y OFFERS HALF AND FULL DAY CHILD CARE SERVICE, ENSURING THAT CHILDREN SPEND THAT TIME IN A SAFE, NURTURING, AND STRUCTURED ENVIRONMENT. SCHOOL-AGE CHILD CARE AT THE Y PROVIDES A SETTING IN WHICH CHILDREN CAN RECEIVE ACADEMIC ASSISTANCE THAT ACCOMMODATES THEIR PERSONAL LEARNING STYLE AND NEEDS. HOMEWORK HELP AND TUTORING IS A PRIMARY COMPONENT OF SCHOOL-AGE CHILD CARE AND SERVES TO REINFORCE THE LEARNING ACCOMPLISHED DURING SCHOOL HOURS. OUR SCHOOL-AGE CHILD CARE PROGRAMS ALSO STRIVE TO ENGAGE CHILDREN IN PRODUCTIVE EXTRACURRICULAR ACTIVITIES THAT ARE VOLUNTARY AND CONFIDENCE-BUILDING. PARTICIPATING STUDENTS MAY CHOOSE FROM A VARIETY OF RECREATIONAL ACTIVITIES, INCLUDING SWIMMING LESSONS, ARTS & CRAFTS, BASKETBALL AND OTHER SPORTS, AND CHESS INSTRUCTION. HEALTHY SNACKS AND/OR DINNER ARE ALSO AVAILABLE TO STUDENTS. ADDITIONALLY, CERTAIN BRANCHES, SUCH AS THE COLUMBIA NORTH YMCA, OFFER MIDDLE SCHOOL CLUBS FOR YOUTH IN GRADES 6-8. DESIGNED TO MEET THE NEEDS OF YOUNG TEENS, MIDDLE SCHOOL CLUBS ARE THEMED AROUND SWIMMING, COMPUTERS, SPORTS AND HOMEWORK/TEST PREP. SIMILAR TO OUR OTHER SCHOOL-AGE CHILD CARE PROGRAMS, MIDDLE SCHOOL CLUBS SEEK TO EMPHASIZE CHARACTER DEVELOPMENT OF THE Y'S FOUR CORE VALUES: HONESTY, CARING, RESPECT AND RESPONSIBILITY. SUMMER DAY CAMPS AT THE PHILADELPHIA FREEDOM VALLEY YMCA THE PHILADELPHIA FREEDOM VALLEY YMCA BELIEVES THAT CHILDREN NEED QUALITY SUMMER PROGRAMS TO BOTH REINFORCE AND ADVANCE THEIR PHYSICAL, PSYCHOLOGICAL AND SOCIAL GROWTH THEY EXPERIENCE THROUGHOUT THE SCHOOL YEAR. IN 2014, MORE THAN 5,500 YOUTH PARTICIPATED IN OUR SUMMER DAY CAMP PROGRAMS. WE PROVIDED 1-IN-3 CAMPERS FINANCIAL ASSISTANCE FOR THE 2014 SUMMER DAY CAMP SEASON. THE Y SUMMER DAY CAMPS ARE VITAL TO CHARACTER DEVELOPMENT WHILE ALSO BEING A FUN AND ENRICHING ENVIRONMENT FOR CHILDREN TO DEVELOP THEIR EXTRACURRICULAR INTERESTS - THINGS THEY MAY NOT HAVE FULL OPPORTUNITY TO DO THROUGHOUT THE SCHOOL YEAR GIVEN BUDGET CUTS TO ARTS, MUSIC, AND PHYSICAL EDUCATION PROGRAMS. CAMP AT THE Y ACCOMMODATES CHILDREN AGES 3-16 IN A VARIETY OF ACTIVITIES THAT ALLOW CHILDREN TO EXPLORE THEIR INTERESTS IN AREAS INCLUDING SPORTS, GYMNASTICS, SWIMMING, THEATER, DANCE, ART, AND COMMUNITY INVOLVEMENT AND VOLUNTEERISM. THE Y ENCOURAGES YOUTH TO TRY OUT DIFFERENT ACTIVITIES IN ORDER TO GROW THEIR PERSONAL INTERESTS AND STRENGTHS WHILE ALSO BUILDING THEIR SOCIAL SKILLS, PHYSICAL HEALTH AND WELLNESS, AND SELF-CONFIDENCE. EXTRACURRICULAR INTERESTS BUTTRESS CHARACTER BUILDING, AND THE Y HOPES TO INSTILL AN APPRECIATION FOR ITS FOUR CORE VALUES - HONESTY, CARING, RESPECT, AND RESPONSIBILITY - IN ALL ITS CAMPERS. EVERY BRANCH OF THE PHILADELPHIA FREEDOM VALLEY YMCA OFFERS A VARIETY OF AGE-APPROPRIATE SUMMER EXPERIENCES FOR CHILDREN. THERE IS PRE-SCHOOL CAMP (CAMP SMALL FEET) THAT INTRODUCES CHILDREN AGES 3-5 TO NATURE AND SCIENCE IN THE WORLD AROUND THEM THROUGH GAMES AND OUTDOOR PLAY, ARTS & CRAFTS, SONGS AND SWIMMING. THERE ARE TRADITIONAL SUMMER DAY CAMPS THAT EMPLOY A DIFFERENT THEME EACH WEEK TO ENGAGE CAMPERS IN ACTIVITIES RANGING FROM FITNESS AND SPORTS, ARTS & CRAFTS AS WELL AS WEEKLY FIELD TRIPS. THERE ARE SPECIALTY SPORTS, GYMNASTICS, THEATER, DANCE, AND VOLUNTEERISM/CIVIC ENGAGEMENT CAMPS. THE ABINGTON, AMBLER AREA, SPRING VALLEY AND ROXBOROUGH Y'S OFFER CAMP MAGIC OR CAMP OUTLOOK. THESE CAMPS ARE SPECIFICALLY DESIGNED FOR CHILDREN FORM 990, PART III, LINE 4C SOCIAL RESPONSIBILITY: OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 160 YEARS. OUR Y PROGRAMS DELIVER TRAINING, RESOURCES, AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO EFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. IN 2014, WE ENGAGED MORE MEMBERS, PARTICIPANTS, AND VOLUNTEERS IN ACTIVITIES THAT STRENGTHEN OUR COMMUNITY AND PAVE THE WAY FOR FUTURE GENERATIONS TO THRIVE. FOR ADDITIONAL DETAILS REGARDING THESE CRITICAL PROGRAMS AND THEIR IMPACT, SEE BELOW. Y ACHIEVERS PROGRAM THE Y ACHIEVERS PROGRAM IS AN ACADEMIC ACHIEVEMENT/CAREER DEVELOPMENT INITIATIVE THAT HELPS TEENS AND PRE-TEENS SET AND PURSUE HIGHER EDUCATIONAL AND CAREER GOALS, RESULTING IN GRADUATION AND ACCEPTANCE TO AN INSTITUTION OF HIGHER LEARNING. Y ACHIEVERS PURSUES THIS GOAL BY PROVIDING DEVELOPMENTALLY BASED, MENTORSHIP AND WORKSHOP ACTIVITIES, DESIGNED TO GIVE 5TH-12TH GRADE YOUTH THE TOOLS THEY NEED TO SUCCEED IN POST-SECONDARY EDUCATION AND BEYOND. THE Y ACHIEVERS PROGRAM IS FOUNDED ON FIVE PROGRAMMATIC THRUSTS: 1. CAREER EXPLORATION 2. COLLEGE READINESS 3. LEADERSHIP DEVELOPMENT 4. PERSONAL (CHARACTER) DEVELOPMENT 5. COMMUNITY INVESTMENT THE Y ACHIEVERS PROGRAM WAS CREATED WITH THE FOLLOWING 3 GOALS: 1. TO ENCOURAGE YOUTH TO SET AND ACHIEVE HIGH EDUCATIONAL, PERSONAL AND PROFESSIONAL GOALS, 2. TO HELP YOUTH CREATE POSITIVE MENTORING RELATIONSHIPS WITH ADULTS WHO HAVE ACHIEVED PERSONAL AND PROFESSIONAL SUCCESS, AND TO ACKNOWLEDGE BOTH FOR THEIR SUCCESS, 3. TO CREATE CHANNELS FOR CONTINUING COMMUNITY INVESTMENT AND INVOLVEMENT OF BUSINESS AND INDUSTRY. IN 2014, WE SERVED APPROXIMATELY 1,240 STUDENTS IN THE Y ACHIEVERS PROGRAM, AT LOCATIONS THROUGHOUT THE GREATER PHILADELPHIA AREA. OF THOSE, 46% ARE FEMALE AND 54% ARE MALE. 89% OF OUR Y ACHIEVERS WERE AFRICAN AMERICAN, 5% WERE MULTI-RACIAL, 4% WERE LATINO AND 1% WERE ASIAN OR CAUCASIAN. OF THE ACHIEVERS WHO RESPONDED TO SURVEY QUESTIONS ON FAMILY INCOME, 43% CAME FROM HOUSEHOLDS MAKING LESS THAN $30,000 PER YEAR. 73% OF Y ACHIEVERS PARTICIPANTS ATTEND PUBLIC SCHOOL IN THE PHILADELPHIA SCHOOL DISTRICT. 54% OF ALL Y ACHIEVERS PARTICIPANTS LIVE IN THE SERVICE AREA OF THE INNER CITY BRANCHES, COLUMBIA NORTH, WEST AND CHRISTIAN STREET. ALSO, 100% OF GRADUATING SENIORS COMPLETED 12TH GRADE AND RECEIVED THEIR HIGH SCHOOL DIPLOMAS. INTERNATIONAL & CULTURAL PROGRAMS THE PHILADELPHIA FREEDOM VALLEY YMCA'S INTERNATIONAL PROGRAM IS ENGAGED IN ONGOING ACTIVITIES THAT HELP TO DEVELOP A SENSE OF WORLD-MINDEDNESS, PROMOTE WORLDWIDE UNDERSTANDING OF VARIOUS CULTURES, AND CELEBRATE CULTURAL DIVERSITY. WE DO THIS THROUGH VOLUNTEER OPPORTUNITIES, PROGRAM INITIATIVES LIKE YOUTH AND ADULT EXCHANGE PROGRAMS, INTERNATIONAL STAFF EXCHANGES, PROGRAM COURSES INCLUDING ESL AND CITIZENSHIP CLASSES, TOEFL PREPARATION AND PROGRAM EVENTS. THE PHILADELPHIA FREEDOM VALLEY YMCA WAS SELECTED TO PARTICIPATE AS PART OF A PILOT GROUP OF LEADING YMCAS TO DRIVE AND SHOWCASE THE U.S. EFFORTS TO LEAD THE EXPANSION OF OPPORTUNITIES FOR INCLUSION AND THE BUILDING OF A GLOBAL COMMUNITY. FORM 990, PART VI, SECTION A, LINE 4 AS A RESULT OF AN ACQUISITION, THE ORGANIZATION UPDATED ITS BYLAWS. WITHIN THE NEW BYLAWS, CHANGES WERE MADE THAT INCLUDED A MORE EXPANSIVE EXEMPT PURPOSE. AT BOARD MEETINGS, THE BOARD QUORUM HAS BEEN ESTABLISHED AT A MINIMUM OF 15 MEMBERS AND THE ATTENDANCE POLICY HAS BEEN REMOVED. SEVERAL STANDING COMMITTEES HAVE BEEN ESTABLISHED AND ARE TO BE MANAGED BY NO LESS THAN TWO BOARD MEMBERS AS APPOINTED BY THE CHAIRPERSON OF THE BOARD AND ARE RESPONSIBLE TO THE ENTIRE BOARD OF DIRECTORS. THE COMMITTEES THAT HAVE BEEN ESTABLISHED ARE THE EXECUTIVE COMMITTEE, THE FINANCE COMMITTEE, THE HUMAN RESOURCES COMMITTEE, THE LEADERSHIP DEVELOPMENT COMMITTEE, THE FACILITIES MANAGEMENT COMMITTEE AND THE BRANCH ADVISORY COMMITTEE. FINALLY, DISSOLUTION NOW REQUIRES TWO THIRDS OF THE VOTE OF THE BOARD OF DIRECTORS AND LIQUIDATED ASSETS, AFTER ALL DEBTS HAVE BEEN PAID, ARE NO LONGER DESIGNATED TO BE DISTRIBUTED TO ONE ORGANIZATION, BUT MAY BE GIFTED TO ANY CHARITABLE ORGANIZATION AS AGREED UPON BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE FINANCE/AUDIT COMMITTEE MET WITH THE AUDITORS TO REVIEW THE DRAFT OF THE AUDIT AND THE FORM 990. THE CHAIRMAN OF THE FINANCE/AUDIT COMMITTEE PRESENTED THE FORM 990 TO THE EXECUTIVE COMMITTEE PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST PROCESS BEGINS IN SEPTEMBER FOR THE NEXT CALENDAR YEAR. THE STEPS THAT ARE TAKEN ARE AS FOLLOWS: 1) EMAIL IS SENT TO ASSOCIATION BOARD OF DIRECTORS INFORMING THEM THAT A NEW CONFLICT OF INTEREST POLICY WILL BE DISTRIBUTED AT THE SEPTEMBER BOARD OF DIRECTORS MEETING. 2) HARD COPY OF POLICY IS TAKEN TO SEPTEMBER ASSOCIATION BOARD OF DIRECTORS MEETING. 3) EMAIL IS SENT TO ALL EXECUTIVE DIRECTORS WITH POLICY ATTACHED TO BE DISTRIBUTED AT BRANCH BOARD OF MANAGERS MEETINGS. 4) PAYROLL MANAGERS ALSO RECEIVE AN EMAIL WITH POLICY ATTACHED TO BE DISTRIBUTED TO ALL FULLTIME EMPLOYEES. 5) FOLLOW-UP EMAILS WILL BE SENT TO DIRECTORS UNTIL THE PROCESS IS COMPLETE. 6) SIGNED POLICIES WILL BE KEPT IN A BINDER FILED BY YEAR IN THE ASSOCIATION OFFICE. THE PRESIDENT SHALL SUBMIT A CONFIDENTIAL REPORT TO THE EXECUTIVE COMMITTEE CONCERNING ANY INTERESTS OF ASSOCIATION PERSONNEL, TOGETHER WITH HIS/HER ACTIONS CONCERNING THE SAME. THE PRESIDENT WILL ADMINISTER THIS POLICY, AND ANY DISPUTED ACTION OF THE PRESIDENT WITH RESPECT TO CONFLICT OF INTEREST MATTERS SHALL BE RESOLVED BY THE EXECUTIVE COMMITTEE. BOARD MEMBERS WITH A CONFLICT OF INTEREST WILL ABSTAIN FROM VOTING ON THE MATTER. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY AN INDEPENDENT COMMITTEE OF THE BOARD OF DIRECTORS. THE COMMITTEE CONVENES ANNUALLY WITH THE SOLE PURPOSE OF EVALUATING THE CEO'S PERFORMANCE, REVIEWING COMPARABLE ORGANIZATIONS' COMPENSATION INFORMATION AND DETERMINING ANNUAL TOTAL COMPENSATION OF THE CEO. THE COMPENSATION OF ALL OTHER OFFICERS OF THE ORGANIZATION IS REVIEWED ANNUALLY BY THE HUMAN RESOURCES COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO RECOMMENDS TOTAL COMPENSATION FOR THESE OFFICERS AND THESE RECOMMENDATIONS ARE REVIEWED AND APPROVED BY THE COMMITTEE. THE COMPENSATION DETERMINATION PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, ANNUAL REPORT (INCLUDING CERTAIN FINANCIAL DISCLOSURES) AND CONFLICT OF INTEREST POLICY IS PROVIDED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUSTS 95. CHANGE IN VALUE OF INTEREST RATE SWAP -406,557. IMPUTED CONTRIBUTION ON ACQUISITIONS 2,773,652.