2015-05-05T11:15:00-05:00 2014-06-30 KPMG LLP 60 South Street Boston MA 02111 990 2013-07-01 222882549 CITY YEAR INC % EVELYN BARNES CITY 6179272373 287 COLUMBUS AVENUE Suite BOSTON MA 021165114 EVELYN BARNES CFO 6179272373 2015-05-04 true TARA D'AGOSTINO P01245482 6179272373 2015-05-04 2013 2016-02-25 16:41:14Z MICHAEL BROWN 287 COLUMBUS AVENUE BOSTON MA 021165114 126909628 false X www.cityyear.org X 1988 MA CITY YEAR UNITES YOUNG PEOPLE OF ALL BACKGROUNDS FOR A YEAR OF FULL-TIME SERVICE, GIVING THEM THE SKILLS AND OPPORTUNITIES TO CHANGE THE WORLD. SEE SCHEDULE O. 25 22 921 33358 0 114241805 124814688 0 0 417510 1034477 -6220 -619871 114653095 125229294 32506655 35247285 0 0 50276961 58066414 347960 534251 10667297 28160914 30415966 111292490 124263916 3360605 965378 69588301 69861408 15207856 14018235 54380445 55843173 X CITY YEAR UNITES YOUNG PEOPLE OF ALL BACKGROUNDS FOR A YEAR OF FULL- TIME SERVICE, GIVING THEM THE SKILLS AND OPPORTUNITIES TO CHANGE THE WORLD. SEE SCHEDULE O. false false 53719530 805000 IN-SCHOOL SERVICE IN FISCAL YEAR 2014, MORE THAN 94% OF CITY YEAR'S 2,766 FULL-TIME PARTICIPANTS SERVE ON DIVERSE TEAMS IN SCHOOLS. MOST OF THEIR 4,781,238 HOURS OF SERVICE IS AS TUTORS, MENTORS, AND ROLE MODELS HELPING CHILDREN IN HIGH-POVERTY SCHOOLS STAY IN SCHOOL AND ON TRACK TO GRADUATE. AS NEAR-PEERS, CORPS MEMBERS ARE UNIQUELY ABLE TO HELP IMPROVE STUDENT ATTENDANCE, BEHAVIOR, AND COURSEWORK - WHICH RESEARCH CONFIRMS ARE INDICATORS OF A STUDENT'S LIKELIHOOD OF GRADUATING FROM HIGH SCHOOL. SEE SCHEDULE O FOR CONTINUATION. 42776663 34442285 YOUTH CIVIC LEADERSHIP THE SKILLS AND OPPORTUNITIES TO CITY YEAR CORPS MEMBERS RECEIVED DURING THE YEAR OF SERVICE HELP THE MORE THAN 20,000 ALUMNI BECOME LEADERS FOR LIFE WHO - AS ESTABLISHED BY THIRD PARTY RESEARCH - VOTE MORE, VOLUNTEER MORE, AND ARE MORE CIVICALLY ENGAGED THAN THEIR SIMILARLY-SITUATED PEERS WHO DO NOT DO A YEAR OF SERVICE. THEY SHARE THEIR PASSION FOR CIVIC ENGAGEMENT BY LEADING STUDENTS IN ACTIVITIES THAT HELP THE PARTICIPANTS GAIN A BETTER UNDERSTANDING OF CHALLENGES FACING THEIR COMMUNITIES AND HOW THEY CAN HELP ADDRESS THEM. SEE SCHEDULE O FOR CONTINUATION. 2984418 PHYSICAL SERVICE ALL CITY YEAR LOCATIONS HOST LARGE-SCALE SERVICE EVENTS THROUGHOUT THE YEAR, LED BY CORPS AND STAFF. IN FISCAL YEAR 2014, 30,592 CITIZENS VOLUNTEERED IN PROJECTS INCLUDING PAINTING MURALS, REFURBISHING SCHOOLS, CREATING PLAY SPACES, PLANTING COMMUNITY GARDENS, AND REVITALIZING COMMUNITY CENTERS. A PHYSICAL SERVICE PROJECT COMPLETED BY A CITY YEAR LED TEAM CAN POWERFULLY TRANSFORM A SCHOOL ENVIRONMENT OR NEIGHBORHOOD, BOTH BY VISIBLY IMPROVING THE SPACE WITH THE IMMEDIATE RESULTS, AND ALSO BY INSPIRING PARTICIPANTS TO VOLUNTEER AGAIN. 99480611 true true false true false false false false false true true true false false false true true false false false true true false true true false false true true true true false false false false false false true false true false true false false false false false false false false true 188 0 true 921 true false false false false false true true false false false false X 25 22 false false false false false false false true true false false true true true true true true true true false AL AK AR CA CO CT DC FL GA IL KS KY ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI X X X EVELYN BARNES 6179272373 287 COLUMBUS AVENUE BOSTON MA 021165114 KRISTEN ATWOOD TRUSTEE 1.0 0.0 X 0 0 0 JOE BANNER TRUSTEE 1.0 0.0 X 0 0 0 JOSH BEKENSTEIN TRUSTEE 1.0 0.0 X 0 0 0 JESSICA L BLUME TRUSTEE 1.0 0.0 X 0 0 0 JOHN BRIDGELAND TRUSTEE 1.0 0.0 X 0 0 0 MICHELLE CAHILL TRUSTEE 1.0 0.0 X 0 0 0 DAVID COHEN VICE CHAIR 1.0 0.0 X X 0 0 0 MAYOR MANNY DIAZ TRUSTEE 1.0 0.0 X 0 0 0 SANDY EDGERLY TRUSTEE 1.0 0.0 X 0 0 0 DAVID EINHORN TRUSTEE 1.0 0.0 X 0 0 0 ANDREW HAUPTMAN TRUSTEE 1.0 0.0 X 0 0 0 ILENE JACOBS VICE CHAIR 2.0 0.0 X X 0 0 0 DR CAROL JOHNSON TRUSTEE 1.0 0.0 X 0 0 0 ROSABETH MOSS KANTER TRUSTEE 1.0 0.0 X 0 0 0 JONATHAN LAVINE CHAIR 2.0 0.0 X X 0 0 0 ANDREA ENCARNACAO MARTIN TRUSTEE 1.0 0.0 X 0 0 0 RICK MENELL TRUSTEE 1.0 0.0 X 0 0 0 SUSAN NOKES TRUSTEE 1.0 0.0 X 0 0 0 C GREGG PETERSMEYER TRUSTEE 1.0 0.0 X 0 0 0 JENNIFER EPLETT REILLY TRUSTEE 1.0 0.0 X 0 0 0 SHIRLEY SAGAWA TRUSTEE 1.0 0.0 X 0 0 0 JEFF SHAMES TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL J WARD TRUSTEE 1.0 0.0 X 0 0 0 STEVE WOODSUM TRUSTEE 1.0 0.0 X 0 0 0 MICHAEL BROWN CEO & CO-FOUNDER 50.0 0.0 X X 368712 0 70055 JAMES BALFANZ PRESIDENT 50.0 0.0 X 291200 0 55328 EVELYN 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114241805 124814688 479336826 0 0 64776312 83788931 91715090 114241805 124814688 479336826 5390038 473946788 158122 206260 97995 142199 146801 751377 0 792254 623411 927577 1318278 1060463 4721983 484810186 0.97759 0.98000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 551943 551943 123711973 124263916 1000000 250000 1000000 1000000 1000000 1000000 4000000 6000000 375177 396451 519268 551943 1842839 250000 250000 250000 250000 1000000 1500000 0 0 10446729 648917 1380557 403917 12072286 8920356 768280 1129623 0 371530 10446729 8936955 297375 20519 0 334493 8920356 7461093 369875 1390303 0 284316 0 8936955 5696640 497118 1267335 0 0 0 7461093 0.06000 0.49000 0.45000 false false 4884000 4884000 12803928 2374460 10429468 1382507 867707 514800 6926717 3031088 3895629 2118713 1325758 792955 20516852 TIFF MULTI-ASSET FUND (MAF) 12072286 F LAND HELD FOR INVESTMENT 400000 12472286 0 0 X 128367042 346081 960064 151269 1457414 126909628 -1680334 -1680334 125229294 126904314 960064 1680334 2640398 124263916 124263916 ENDOWMENT FUNDS PART V, LINE 4 THE ENDOWMENT CONSISTS OF APPROXIMATELY 15 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. SPENDING FROM ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES. A MAJORITY OF THE FUNDS PROVIDE GENERAL SUPPORT FOR OPERATIONS IN SPECIFIC GEOGRAPHIC LOCATIONS. CITY YEAR HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 4.5% OF ITS ENDOWMENTS FUNDS' AVERAGE FAIR VALUE OVER THE PRIOR EIGHT QUARTERS. THIS SPENDING POLICY IS EXPECTED TO ALLOW THE ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE EQUAL TO PLANNED PAYOUTS PLUS INFLATION. AN APPROPRIATION OF $403,917 WAS MADE THIS YEAR. ASC 740 FOOTNOTE PART X, LINE 2 THE ORGANIZATION GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE ORGANIZATION MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE-LIKELY THAN-NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2014 AND 2013. OTHER REVENUE IN FINANCIAL STATEMENTS NOT ON RETURN PART XI, LINE 2D UNREALIZED NET GAIN ON CHANGES IN FAIR VALUE OF INTEREST-RATE SWAPS $ 151,269 OTHER REVENUE ON RETURN NOT IN FINANCIAL STATEMENTS PART XI, LINE 4B RECLASS OF FUNDRAISING EXPENSE ($1,680,334) OTHER EXPENSES INCLUDED IN FINANCIAL STATEMENTS NOT ON RETURN PART XII, LINE 2D RECLASS OF FUNDRAISING EXPENSE $1,680,334 true Europe (Including Iceland and Greenland) Program Services SUPPORT 143000 Sub-Saharan Africa Program Services SUPPORT 250216 393216 393216 Europe (Including Iceland and Greenland) GEN. SUPPORT 125000 WIRE Sub-Saharan Africa GEN. SUPPORT 240216 WIRE 2 false false false false false false MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE U.S. PART I, LINE 2 CITY YEAR REQUIRES ANNUAL REPORTING ON ITS GRANT TO CITY YEAR SOUTH AFRICA AND CITY YEAR LONDON, BOTH OF WHICH ARE FOREIGN NON PROFIT ORGANIZATIONS. THE ORGANIZATIONS ARE REQUIRED TO SUBMIT ANNUAL PROGRESS REPORT, INCLUDING EXPENDITURES, PROJECT ACCOMPLISHMENTS, AND CHALLENGES NO LATER THAN 90 DAYS FOLLOWING THE END OF THE FISCAL YEAR. THE REPORT IS REVIEWED BY THE CHIEF STRATEGY OFFICER, AND THE CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER. PERIODIC FIELD INVESTIGATIONS ARE ALSO CONDUCTED AS APPROPRIATE. MANAGEMENT REPORTS ANNUALLY TO CITY YEAR, INC. BOARD OF TRUSTEES OR BOARD COMMITTEE ON THE AMOUNT OF ANY GRANTS MADE TO INTERNATIONAL AFFILIATIONS AND THE RESULTS OF THOSE PROGRAMS. BASIS OF ACCOUNTING PART I, LINE 3, COLUMN F THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. X X X X X X true THE OSTARA GROUP PO BOX 17016 SEATT PO BOX 17016 SEATTLE WA 98117 FUNDRAISING STRATEGY false 209842 -209842 SILVER BIRCHES 650 S RAYMOND AVE 650 S RAYMOND AVE PASADENA CA 91105 EVENT PLANNING false 1397581 103314 1294267 KARYN WILSON 47 HIGH ST CHARLESTO 47 HIGH ST CHARLESTOWN MA 02129 FUNDRAISING STRATEGY false 65847 -65847 PJH ASSOCIATES INC 205 W WACKER 205 W WACKER DRIVE CHICAGO IL 60606 EVENT PLANNING true 935594 54030 881564 BERNADETTE DORE 1327 JOLIET PL DETR 1327 JOLIET PLACE DETROIT MI 48207 FUNDRAISING STRATEGY false 23080 -23080 ROBYN LEUTHE NORRIS 952 S CITRUS A 952 S CITRUS AVE LOS ANGELES CA 90036 EVENT PLANNING false 21538 -21538 SARAI EXIL 370 EAST NORTHWOOD AVENU 370 EAST NORTHWOOD AVENUE LAKE CITY FL 32055 FUNDRAISING CONSULTANT false 16050 -16050 SNP STRATEGIES PO Box 775 CHICAGO PO Box 775 CHICAGO IL 60186 FUNDRAISING STRATEGY false 15750 -15750 5B EVENTS 10536 CULVER BLVD CULVER 10536 CULVER BLVD CULVER CITY CA 90232 EVENT PLANNING false 17500 -17500 RAISING GREEN PRODUCTIONS 135 E WH 135 E WHITTIER ST COLUMBUS OH 43206 FUNDRAISING CONSULTANT false 185402 7300 178102 2518577 534251 1984326 AL AK AZ AR CA CO CT FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI ANNUAL DINNER 1692056 1570556 121500 304978 1328 ANNUAL DINNER 1397581 1292581 105000 252207 91402 19 7230880 6727682 503198 933587 96832 10320517 9590819 729698 1490772 189562 1680334 -950636 CUSTODY OR CONTROL OF CONTRIBUTIONS PART I, LINE 2B PJH & ASSOCIATES, INC. (PJH) RECEIVED THE CONTRIBUTIONS VIA CHECKS AND FORWARDED TO HEADQUARTERS FOR PROCESSING. PJH DOES NOT HAVE ACCESS TO BANK INFORMATION NOR IS ABLE TO PROCESS CONTRIBUTIONS. ALL CONTRIBUTIONS ARE PROCESSED AT HEADQUARTERS VIA GIFT PROCESSING TEAM. STATES REGISTERED PART I, LINE 3 THE STATES LISTED REQUIRE REGISTRATION OR LICENSING TO SOLICIT CONTRIBUTIONS. STATES NOT LISTED DO NOT REQUIRE REGISTRATION. FUNDRAISING ACTIVITIES PART II DISCLOSURE DURING THE FISCAL PERIOD, CITY YEAR HOSTED 21 SEPARATE FUNDRAISING EVENTS TO BRING LEADERS OF OUR COMMUNITY AND OUR SUPPORTERS TOGETHER. THOSE EVENTS RESULTED IN $10,320,517 OF RECEIPTS. IN ACCORDANCE WITH INTERNAL REVENUE CODE (IRC) 6115 CITY YEAR MADE GOOD FAITH EFFORTS AND DETERMINED THE COSTS OF GOODS AND SERVICES PROVIDED IN CONNECTION WITH THESE EVENTS TO APPROXIMATE $729,698. THE DIFFERENCE, $9,590,819 REFLECTS THE GENEROSITY OF OUR DONORS. THE DIRECT COSTS, INCLUDING FACILITY RENTAL AND OTHER SIMILAR EXPENSES WERE $1,680,334. true The Johns Hopkins University 3400 N Charles St BALTIMORE MD 21218 520595110 501(C)(3) 805000 1 Corps Members Stipends 2766 34077069 MONITOR THE USE OF GRANT FUNDS IN THE U.S. PART I, LINE 2 CITY YEAR, INC. ENTERED INTO SUB AWARDS WITH THE JOHNS HOPKINS UNIVERSITY TO PERFORM DIPLOMAS NOW INITIATIVE IN FOUR SCHOOLS IN ACCORDANCE WITH THE MIAMI DADE COUNTY PUBLIC SCHOOLS AND TO PURSUE A THREE PHASE PROCESS TO LAUNCH A NETWORK OF HIGH-PERFORMING PUBLIC CHARTER SCHOOLS IN ACCORDANCE WITH THE WALTON FAMILY FOUNDATION AGREEMENT. CITY YEAR'S DISBURSEMENTS TAKE THE FORM OF PROVIDING CORPS MEMBERS WITH A STIPEND RANGING FROM $564/BI-WEEKLY TO $766/BI-WEEKLY DURING THE PROGRAM YEAR. ON A LIMITED BASIS, CITY YEAR PROVIDES EDUCATIONAL AWARDS OF $5,550 TO CORPS MEMBERS. THIS AWARD IS FOR EDUCATIONAL AND RELATED EXPENSES AND PAYABLE DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. THE POLICY FOR SELECTING CORPS MEMBERS IS BASED ON A COMBINATION OF WHAT THE INDIVIDUAL CAN BRING TO CITY YEAR AND WHAT CITY YEAR CAN GIVE TO THE INDIVIDUAL. CITY YEAR HAS BEEN SUCCESSFUL IN INVOLVING YOUNG PEOPLE FROM A BROAD RANGE OF RACIAL, SOCIO-ECONOMIC, RELIGIOUS AND EDUCATIONAL BACKGROUNDS AND IS COMMITTED TO RECRUITING AND RETAINING A DIVERSE CORPS. CITY YEAR MAINTAINS A NON-DISCRIMINATORY POLICY TOWARD ALL EMPLOYEES WITHOUT REGARD TO RACE, AGE, ETHNICITY, RELIGIOUS AFFILIATION OR SEXUAL PREFERENCE. X X X X X false false false false false false false false false MICHAEL BROWN CEO & CO-FOUNDER 293999 0 74713 0 0 0 11970 0 58085 0 438767 0 0 0 JAMES BALFANZ PRESIDENT 229393 0 61807 0 0 0 12001 0 43327 0 346528 0 0 0 EVELYN BARNES CFAO 210867 0 5253 0 0 0 8744 0 32319 0 257183 0 0 0 SEAN J HOLLERAN SENIOR VICE PRESIDENT 207507 0 5253 0 0 0 6055 0 34369 0 253184 0 0 0 ANNAMAURA CONNOLLY SENIOR VICE PRESIDENT 205914 0 5253 0 0 0 7063 0 33059 0 251289 0 0 0 ITAI DINOUR SENIOR VICE PRESIDENT 190085 0 23000 0 0 0 2961 0 37525 0 253571 0 0 0 WELLES HATCH SENIOR VICE PRESIDENT 184434 0 4728 0 0 0 0 0 35941 0 225103 0 0 0 STEPHANIE WU SENIOR VICE PRESIDENT 186749 0 4667 0 0 0 6012 0 30357 0 227785 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-05-07 8100000 REFUND SERIES 2006 false false false A 225000 0 8100000 0 0 0 114718 0 0 0 7985282 0 2013 true false true true A false false false false 0 false false false true A false false true false true false 0 false 0 false true A true DANIEL BEKENSTEIN FAMILY MEMBER OF TRUSTEE 7276 CORPS STIPEND LIVING ALLOWANCE Alexandra Lovett-Woodsum Family Member of Trustee 11207 EMPLOYEE false Emily Bekenstein Family Member of Trustee 40692 EMPLOYEE false X 32 801314 STOCK EXCHANGE QUOTE X 250 29832 RETAIL VALUE X TRAVEL AND TRANSPORTATION 6 777800 RETAIL VALUE X EQUIPMENT/MAINTENANCE 1 206730 FMV X MATERIALS 21 21044 FMV X EVENT SPACE 1 15748 RETAIL VALUE false true false PART I, COLUMN (B) AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 1 AND PART III, LINE 1 ORGANIZATION MISSION CONTINUED: AS TUTORS, MENTORS AND ROLE MODELS, THESE DIVERSE YOUNG LEADERS HELP CHILDREN STAY IN SCHOOL AND ON TRACK, AND TRANSFORM SCHOOLS AND COMMUNITIES ACROSS THE UNITED STATES. FORM 990, PART III PROGRAM SERVICE ACCOMPLISHMENTS 4A & 4B 4A - IN-SCHOOL SERVICE (CONTINUED): IN EACH OF CITY YEAR'S 242 PARTNER SCHOOLS, THE TEAM PROVIDES ACADEMIC SUPPORT, ATTENDANCE MONITORING AND INCENTIVES, POSITIVE BEHAVIOR SUPPORT, AFTER-SCHOOL PROGRAMMING AND EVENTS (SUCH AS ASSEMBLIES AND CELEBRATIONS) THAT IMPROVE THE OVERALL SCHOOL ENVIRONMENT. THE SERVICE MODEL HELPS THE CORPS MEMBERS HAVE AN IMPACT BEYOND THE 26,298 REACHED DIRECTLY THROUGH ONE-ON-ONE AND SMALL GROUP INSTRUCTION. CORPS MEMBERS CHANGE THE ENVIRONMENT OF A SCHOOL BY IMMEDIATELY CHANGING THE RATIO OF STUDENTS TO RESPONSIBLE, CARING ADULTS. IN ADDITION TO THE IN-SCHOOL SERVICES, 10,502 STUDENTS WERE PROVIDED WITH AFTER-SCHOOL AND SCHOOL VACATION PROGRAMS. 4B - YOUTH CIVIC LEADERSHIP (CONTINUED): CITY YEAR WAS FOUNDED ON THE BELIEF THAT A YEAR OF NATIONAL SERVICE COULD SERVE AS A CIVIC RITE OF PASSAGE-A UNIQUELY TRANSFORMATIONAL LIFE EXPERIENCE THAT, WHILE HELPING TO TRANSFORM COMMUNITIES IN NEED, COULD BEND THE TRAJECTORY OF AN IDEALISTIC YOUNG PERSON'S LIFE TOWARDS A LIFETIME OF ACTIVE CITIZENSHIP AND CIVIC LEADERSHIP. THESE PRINCIPLES GUIDE THE "IDEALIST'S JOURNEY," A FULL CURRICULUM THAT ALL CORPS MEMBERS EXPERIENCE AS PART OF THEIR OWN DEVELOPMENT AS LEADERS. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN INFORMATION IS GATHERED BY THE FINANCE OFFICE AND USED TO POPULATE THE FORM 990, IN CONJUNCTION WITH KPMG, LLP, INDEPENDENT TAX CONSULTANT. ONCE COMPLETED, THE DRAFT FORM IS FORWARDED TO THE AUDIT COMMITTEE MEMBERS TO COMPLETE THEIR REVIEW AND APPROVAL OF THE FORM IT IS PROVIDED TO THE ENTIRE GOVERNING COMMITTEE FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C ALL TRUSTEES SHALL DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICT OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE SHALL VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH SUCH TRUSTEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING SHALL REFLECT THAT A DISCLOSURE WAS MADE AND A TRUSTEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS. ANNUALLY, TRUSTEES ARE REQUIRED TO SIGN CONFLICT OF INTEREST STATEMENTS ASSUMING THAT THEY HAVE NO CONFLICT OF INTEREST. COMPENSATION POLICY FORM 990, PART VI, SECTION B, LINE 15B CITY YEAR STRIVES TO BE THE EMPLOYER OF CHOICE FOR HIGHLY TALENTED PROFESSIONALS SEEKING A POSITION WITH A MISSION-DRIVEN, ENTREPRENEURIAL NON-PROFITS. OUR GOAL IS TO ATTRACT, DEVELOP AND RETAIN HIGH-PERFORMING TALENT FROM DIVERSE BACKGROUNDS AND INDUSTRY SECTORS. CITY YEAR REWARDS EMPLOYEES FOR THEIR INDIVIDUAL JOB PERFORMANCE AND CONTRIBUTIONS TO THE ORGANIZATION, AND CULTIVATES AND PROMOTES AN INCLUSIVE WORK ENVIRONMENT. CITY YEAR TARGETS COMPENSATION ABOVE THE MARKET AVERAGE TO REFLECT CITY YEAR'S GREATER EMPHASIS ON PERFORMANCE, LEADERSHIP AND ENTREPRENEURSHIP, AND TO ENABLE CITY YEAR TO ATTRACT AND RETAIN HIGH-PERFORMING TALENT FROM DIVERSE BACKGROUNDS AND INDUSTRY SECTORS. CITY YEAR COMPARES ITSELF TO BOTH NON-PROFIT AND PRIVATE SECTOR ORGANIZATIONS OF SIMILAR SIZE. IN ADDITION CONSIDERATION IS GIVEN TO OTHER ORGANIZATIONS' STRUCTURES, AS WELL AS TO ANYTHING ABOUT A PARTICULAR POSITION THAT MAY BE UNIQUE TO CITY YEAR. AS AN EXAMPLE, IN BENCHMARKING THE EXECUTIVE DIRECTOR POSITION, CITY YEAR DISTINGUISHES BETWEEN ORGANIZATIONS HAVING A SIMILAR STRUCTURE (MULTIPLE LOCATIONS WITH CENTRALIZED FUNCTIONS SUCH AS FINANCE AND HR) AND THOSE THAT HAVE AN EXECUTIVE DIRECTOR THAT OVERSEES A STANDALONE ORGANIZATION. THE PURPOSE OF THE COMPENSATION POLICY IS TO ESTABLISH CONSISTENT, SUSTAINABLE, COMPETITIVE, AND TRANSPARENT PAY PRACTICES, ALIGNED WITH CITY YEAR'S ORGANIZATIONAL STRATEGY AND COMPENSATION PHILOSOPHY, ACROSS ALL DEPARTMENTS AND DIVISIONS OF CITY YEAR, INC. THE HUMAN POTENTIAL DEPARTMENT IS RESPONSIBLE FOR UPDATING AND MANAGING ENFORCEMENT OF THIS POLICY. PROCEDURE FOR SETTING MARKET REFERENCE POINTS THE HUMAN POTENTIAL DEPARTMENT BENCHMARKS CURRENT MARKET REFERENCE POINTS USING MARKET DATA FOR REPRESENTATIVE POSITIONS FROM ORGANIZATIONS AS DESCRIBED ABOVE, AND REVISES THE MARKET REFERENCE POINTS FOR EACH GROUP AS NEEDED. MARKET REFERENCE POINTS FOR THE CHIEF EXECUTIVE OFFICER AND THE CEO'S DIRECT REPORTS (TYPICALLY BUT NOT LIMITED TO, THE PRESIDENT, CHIEF FINANCIAL AND ADMINISTRATIVE OFFICER) MUST BE APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. PROCEDURE FOR SALARY INCREASES CHIEF EXECUTIVE OFFICER - ALL INCREASES ARE DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AND COMMUNICATED TO HUMAN POTENTIAL FOR PROCESSING. CEO DIRECT REPORTS - ALL INCREASES ARE PROPOSED BY THE CEO, MUST BE APPROVED BY THE CHAIR AND VICE CHAIR, IF ANY, OF THE BOARD OF TRUSTEES, AND COMMUNICATED TO HUMAN POTENTIAL FOR PROCESSING. SENIOR LEADERSHIP TEAM - ALL INCREASES ARE PROPOSED BY THE CEO'S DIRECT REPORTS, MUST BE APPROVED BY THE CEO, WITH INPUT FROM THE CHAIR AND VICE CHAIR, IF ANY, OF THE BOARD OF TRUSTEES, AND COMMUNICATED TO HUMAN POTENTIAL FOR PROCESSING. EXECUTIVE DIRECTORS, VICE PRESIDENTS, AND ANY STAFF MEMBER WITH A BASE SALARY >$100K-ALL INCREASES ARE PROPOSED BY THE EMPLOYEE'S MANAGER TO HUMAN POTENTIAL, MUST BE APPROVED BY THE CEO, AND COMMUNICATED TO HUMAN POTENTIAL FOR PROCESSING. THE DELIBERATION AND DECISIONS ARE DOCUMENTED IN THE MINUTES CONTEMPORANEOUSLY. PUBLIC DISCLOSURE POLICY FORM 990, PART VI, SECTION C, LINE 19 CITY YEAR'S FORM 990 AND FINANCIAL STATEMENTS (AUDITED ANNUALLY) ARE MADE AVAILABLE TO THE GENERAL PUBLIC THROUGH THE ORGANIZATION'S WEBSITE, ON REQUEST, AND AVAILABLE FOR INSPECTION AT HEADQUARTER OFFICES. CITY YEAR MAKE ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG. RELATED PARTIES AND AFFILIATIONS CITY YEAR IS ONE OF SEVEN MEMBERS OF CITY YEAR SOUTH AFRICA CITIZEN SERVICE ORGANIZATION, A SEPARATE LEGAL ENTITY WHICH IS INCORPORATED UNDER SOUTH AFRICAN CHARITABLE ORGANIZATION LAWS. ONE INDIVIDUAL MEMBER OF CITY YEAR SOUTH AFRICA IS ALSO A TRUSTEE OF CITY YEAR. CITY YEAR DOES NOT CONTROL AND HAS NO OBLIGATION TO SUPPORT OR BE A BENEFICIARY OF THE NET ASSETS OF CITY YEAR SOUTH AFRICA. AS SUCH, THE FINANCIAL RECORDS OF CITY YEAR SOUTH AFRICA ARE NOT CONSOLIDATED WITHIN. CITY YEAR HAS AN AFFILIATION AGREEMENT WITH CITY YOUTH LIMITED, AN ORGANIZATION INCORPORATED AS A COMPANY LIMITED BY GUARANTEE UNDER THE ENGLISH CHARITY ACT. THE AFFILIATION AGREEMENT PROVIDES FOR, AMONG, OTHER THINGS, A GOVERNANCE STRUCTURE THAT ESTABLISHES THE PROGRAM AS A FULLY INDEPENDENT UK CHARITY, WITH CITY YEAR ENTITLED TO APPOINT TWO PERSONS TO THE BOARD OF DIRECTORS. CITY YOUTH LIMITED IS, AND SHALL AT TIMES, REMAIN FINANCIALLY INDEPENDENT FROM CITY YEAR. CITY YEAR DOES NOT CONTROL AND DOES NOT HAVE ANY FINANCIAL OBLIGATION, RESPONSIBILITY OR LIABILITY TO CITY YOUTH LIMITED. AS SUCH, THE FINANCIAL RECORDS OF CITY YOUTH LIMITED ARE NOT CONSOLIDATED HERE WITHIN. OTHER CHANGES IN NET ASSETS PART XI, LINE 9 UNREALIZED NET GAIN ON CHANGES IN FAIR VALUE OF INTEREST-RATE SWAPS $ 151,269