2014-06-16T11:49:23-05:00 2013-12-31 455221053 SPIRE GROUP PC 100 WALNUT AVE SUITE 103 CLARK NJ 07066 990 2013-01-01 221487392 THE SUMMIT AREA YMCA SUMM 9082734270 490 MORRIS AVENUE SUMMIT NJ 07901 PAUL KIELTYKA PRESIDENT & CEO 9082734270 2014-05-01 1 KATHLEEN M CLAYTON CPA P01448135 7323818887 2014-05-29 2013 2015-11-30 17:44:51Z THE SAY PAUL KIELTYKA 490 MORRIS AVENUE SUMMIT NJ 07901 17165052 0 X WWW.THESAY.ORG X 1886 NJ THE MISSION OF THE ASSOCIATION IS TO STRENGTHEN THE FOUNDATIONS OF COMMUNITY BY NURTURING AND DEVELOPING THE POTENTIAL OF EVERY CHILD, PROMOTING HEALTHY LIVING AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY IN THE COMMUNITY. 22 22 637 1123 0 0 655263 945273 11310197 11601622 265334 364001 276641 275122 12507435 13186018 0 0 0 0 7620782 8040928 16000 0 203082 4108342 4358426 11745124 12399354 762311 786664 21179091 22192036 3260989 3279104 17918102 18912932 X THE SUMMIT AREA YMCA CHAMPIONS POSITIVE VALUES IN YOUTH, STRENGTHENS FAMILIES AND BUILDS HEALTHY SPIRIT, MIND AND BODY FOR ALL. 0 0 4115199 5574935 HEALTHY LIVING. SEE SCHEDULE O. 4675637 5459767 YOUTH DEVELOPMENT-CHILD CARE. SEE SCHEDULE O. 802063 649102 YOUTH DEVELOPMENT-DAY CAMP PROGRAMS. SEE SCHEDULE O. 904847 186784 SOCIAL RESPONSIBILITY. SEE SCHEDULE O. 904847 186784 10497746 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 10 3 1 637 1 0 0 0 0 0 1 1 0 0 0 0 X 22 22 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X X EMILY APREA 9082734270 490 MORRIS AVE SUMMIT NJ 07901 CYNTHIA MARTIN CHAIRPERSON 5.00 X X 0 0 0 PETER PARDO VICE CHAIRMAN 5.00 X X 0 0 0 EMILY APREA SEC/TREASURER/CFO 40.00 X X 104926 0 19260 DARRELL JOHNSON FORMER PRES/CEO 40.00 X X 232747 0 31867 JANET SMITH VP-HUMAN RESOURCES 40.00 X X 93784 0 18679 JANET GUZMAN VP-DEVELOPMENT 40.00 X X 24230 0 91 ANJALI MCCORMICK VP-MARKETING 40.00 X X 94904 0 16855 BOB ASHMUN TRUSTEE 2.00 X 0 0 0 CHRISTOPHER BIROSAK TRUSTEE 2.00 X 0 0 0 YON CHO TRUSTEE 2.00 X 0 0 0 GREG FERNICOLA TRUSTEE 2.00 X 0 0 0 LINDA FLANAGAN TRUSTEE 2.00 X 0 0 0 JEFF GIROUX TRUSTEE 2.00 X 0 0 0 LAURA GUMP TRUSTEE 2.00 X 0 0 0 THOMAS HALL TRUSTEE 2.00 X 0 0 0 KEVIN HILL TRUSTEE 2.00 X 0 0 0 ROBERT JEFFRIES TRUSTEE 2.00 X 0 0 0 PETER MARCHETTA TRUSTEE 2.00 X 0 0 0 LEX MAULTSBY TRUSTEE 2.00 X 0 0 0 TERESA MENDEZ TRUSTEE 2.00 X 0 0 0 MARK MULLER TRUSTEE 2.00 X 0 0 0 JAGRUTI OZA TRUSTEE 2.00 X 0 0 0 ELAINE PHIPPS TRUSTEE 2.00 X 0 0 0 CAROLE A SCHWARTZ TRUSTEE 2.00 X 0 0 0 AMY SPURR TRUSTEE 2.00 X 0 0 0 RICHARD VICENS TRUSTEE 2.00 X 0 0 0 MARY WELDON TRUSTEE 2.00 X 0 0 0 JOANN HANSEN VP-DEVELOPMENT 40.00 X 46838 0 8494 597429 0 95246 2 1 1 0 0 114244 831029 945273 PROGRAM SERVICE FEES 900099 11601622 11601622 11601622 214700 214700 4087486 3938185 149301 149301 149301 47005 114244 40849 6156 6156 MISC SERVICE/RENTALS 900099 268966 268966 268966 13186018 11870588 0 370157 6368194 5351811 890628 125755 396084 332709 59413 3962 812914 676012 118159 18743 463736 389538 69560 4638 334540 212883 110435 11222 87147 54531 17565 15051 46257 33779 12137 341 1499402 1306551 192851 131534 128120 3067 347 89339 46353 36216 6770 74558 73546 1012 128443 122400 6043 804829 804829 106218 101168 5050 PROGRAM SUPPLIES 750027 646475 90215 13337 MISCELLANEOUS 274624 204255 70369 DUES AND SUBSCRIPTIONS 31508 12786 15806 2916 12399354 10497746 1698526 203082 133858 6643 1644890 2146138 247712 185449 45205 50058 23883377 10583657 13043026 13299720 6048250 6487867 16150 16161 21179091 22192036 510226 613721 207758 194461 2111446 1964004 431559 506918 3260989 3279104 X 12914997 13894707 44681 29100 4958424 4989125 17918102 18912932 21179091 22192036 786664 208166 0 X 0 1 X 1 0 X 1132801 1313273 1166597 735464 951429 5299564 11490717 11313845 11408211 11310197 11601622 57124592 12623518 12627118 12574808 12045661 12553051 62424156 0 0 0 62424156 85417 117892 142492 159674 364001 869476 85417 117892 142492 159674 364001 869476 240907 212400 328946 232114 268966 1283333 12949842 12957410 13046246 12437449 13186018 64576965 0.96670 0.97100 0.01350 0.00880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4958424 30701 4958424 4506111 452313 4958424 3974134 531977 4506111 3272746 701388 3974124 2706579 566167 3272746 1.00000 0 0 1138200 1138200 16682935 6058081 10624854 1809140 1095734 713406 4253102 3429842 823260 13299720 CAPITAL LEASE OBLIGATIONS 506918 506918 X 13394184 208166 208166 13186018 0 13186018 12399354 0 12399354 0 12399354 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 2013. THE ASSOCIATIONS EXEMPT FROM FEDERAL INCOME TAX RETURNS ARE NO LONGER SUBJECT TO EXAMINATION BY FEDERAL TAXING AUTHORITIES FOR YEARS BEFORE 2010. X X X X X X X 1 GRAHAM PELTON 39 BEECHWOOD RD SUMMIT NJ 07901 FUND RAISING CONSULTANT 0 0 91361 0 91361 NJ 5K RACE 38039 21234 16805 12546 COMMEDY NIGHT EVENT 123210 93010 30200 13915 3000 11387 161249 114244 47005 13915 3000 23933 40848 6157 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FUND RAISING CONSULTANT 1 X X X 0 0 0 0 0 0 0 0 0 DARRELL JOHNSON FORMER PRES/CEO 222747 0 10000 0 0 0 23275 0 8592 0 264614 0 0 0 JOANN HANSEN VP-DEVELOPMENT 46838 0 0 0 0 0 3996 0 4498 0 55332 0 0 0 ROGER MEHNER FORMER BOARD MEMBER 690 LEGAL SERVICES 0 CHANDLER CODDINGTON FORMER BOARD MEMBER 150926 LANDLORD 0 X 5 86923 FMV 0 1 1 PART I, LINE 32B: THIRD PARTY INVESTMENT ADVISOR RECEIVES NON-CASH CONTRIBUTIONS AND PROCESSES THEM ACCORDING TO THE ASSOCIATIONS GIFT ACCEPTANCE POLICY. PART III LINE 4A HEALTHY LIVING. THE SUMMIT AREA YMCA IS A LEADING VOICE ON HEALTH AND WELL-BEING. WITH A MISSION CENTERED ON BALANCE, THE Y BRINGS FAMILIES CLOSER TOGETHER, ENCOURAGES GOOD HEALTH AND FOSTERS CONNECTIONS THROUGH FITNESS, SPORTS, FUN AND SHARED INTERESTS. AS A RESULT, THOUSANDS OF YOUTH, ADULTS AND FAMILIES ARE RECEIVING THE SUPPORT, GUIDANCE AND RESOURCES NEEDED TO ACHIEVE GREATER HEALTH AND WELL-BEING FOR THEIR SPIRIT, MIND AND BODY. KELLY, WHO HAS BEEN A BERKELEY HEIGHTS YMCA MEMBER FOR 2 YEARS, IS A GREAT EXAMPLE OF THE KIND OF SUPPORT THE Y PROVIDES TO THOSE WHO SEEK TO IMPROVE THEIR HEALTH IN SPIRIT, MIND, AND BODY. WHEN I WEIGHED 277 LBS ON NEW YEARS DAY IN 2013, I RESOLVED TO CHANGE MY LIFE AND COMMITTED TO A PROGRAM OF EXERCISE AND DIET A FEW DAYS LATER I WALKED IN TO THE BERKELEY HEIGHTS YMCA. I HAD GAINED THE BULK OF MY WEIGHT AFTER MY SECOND PREGNANCY AND JUST COULD NOT TAKE IT OFF. WHILE I FELT TIRED AND UNCOMFORTABLE ALL THE TIME, WHAT WAS MOST UPSETTING WAS THAT I COULD NOT DO THINGS WITH AND FOR MY TWO CHILDREN AGES 5 AND 2. I CHOSE THE Y BECAUSE IT WELCOMED ME AND PARTNERED WITH ME ON MY JOURNEY. I HAD A PLACE TO BRING MY YOUNG CHILDREN WHILE I WORKED OUT (CHILDCARE OR ENRICHMENT CLASSES). THE INSTRUCTORS WERE SUPPORTIVE THEY CHECKED IN WITH ME REGULARLY AND REASSURED ME ON MY PROGRESS AND HELPED ME KEEP PERSPECTIVE ON LOSING THE WEIGHT IN SMALL 10 LB INCREMENTS. I LOVED THE CLASSES, ESPECIALLY BODY PUMP, WHICH HAS HELPED TONE MY BODY. 9 MONTHS LATER AND 90 LBS LIGHTER, IN ADDITION TO HAVING MORE ENERGY AND FEELING HAPPIER, I MAKE HEALTHIER NUTRITION CHOICES WHICH HAVE HAD A REALLY POSITIVE IMPACT ON MY KIDS. MORE THAN ANYTHING, IT IS NOW SO MUCH FUN TO BUY NEW CLOTHES! THE Y IS ALSO ENCOURAGING YOUNG PEOPLE TO DEVELOP AND MAINTAIN HEALTHY EXERCISE AND NUTRITION HABITS THROUGH THE FREE, INNOVATIVE 7TH GRADE INITIATIVE PROGRAM. STARTED IN 2008, TO HELP TEENS SUCCESSFULLY NAVIGATE A PIVOTAL AND TRANSITIONAL TIME IN THEIR LIVES, THE PROGRAM NOW SERVES 250 KIDS WITH A FREE MEMBERSHIP, PERSONALIZED DEMOS FOR WORKING OUT, AND FUN ACTIVITIES AND OPPORTUNITIES FOR THEM TO SOCIALIZE WITH PEERS IN A SAFE, SUPERVISED AND CONVENIENTLY LOCATED ENVIRONMENT. THE STAFF AT THE Y ARE DEDICATED TO HELPING THESE TEENS, WHO ARE AT A CROSSROADS IN THEIR DEVELOPMENT, LEARN TO MAKE HEALTHY CHOICES. THE Y COMMITMENT TO IMPROVING HEALTH IN BODY, MIND, AND SPIRIT IS ALSO SEEN IN THE EXPERIENCES OF ROSE AND JACOB, SUMMIT YMCA FAMILY MEMBERS. ROSE SPEAKS OF BURSTING WITH PRIDE AS SHE SEES THE Y HELP DEVELOP GRIT AND COMMITMENT IN HER ADOLESCENT SON. JACOB, HER THIRTEEN YEAR OLD, TALKS ABOUT GETTING HEALTHY AND FEELING MORE SELF-CONFIDENT. I WEIGHED 197 LBS AT MY 13 YEAR OLD ANNUAL CHECKUP. I KNEW THAT WAS TOTALLY RIDICULOUS. SO, SINCE WE HAD A FAMILY MEMBERSHIP TO THE SUMMIT YMCA, I DECIDED TO START WORKING OUT THERE. IT WAS REALLY HARD WORK AND IT WAS NOT EASY, BUT I WENT EVERY DAY AND WALKED/RAN ON THE TREADMILL FOR AN HOUR. I AM SO HAPPY THAT I LOST 38 LBS OVER THE SUMMER! WHEN I WALKED INTO LCJSMS ON THE FIRST DAY OF SCHOOL AND PEOPLE COMMENTED ON HOW DIFFERENT I LOOKED, I FELT PROUD. I STILL GO TO THE Y EVERY DAY, BECAUSE I FEEL BETTER AND HAVE SO MUCH MORE ENERGY WHEN I DO EXERCISE. IF I DID NOT GO TO THE Y, I WOULD BE PLAYING VIDEO GAMES AT HOME AND EATING SNACKS. I LIKE TO GO TO THE Y FOR MANY REASONS: I FEEL COMFORTABLE, IT IS EASY TO GET TO FROM THE MIDDLE SCHOOL, BUT THE BEST PART IS WATCHING THE NUMBERS GO DOWN ON THE SCALE THAT IS THE REWARD. JACOB, MIDDLE SCHOOLER AND SUMMIT YMCA MEMBER, AGE 13 JACOB WAS SELF-CONSCIOUS ABOUT HIS WEIGHT AND SO WE BOTH DECIDED TO START WORKING OUT AT THE SUMMIT YMCA AND EAT MORE HEALTHY. THERES NO MAGIC TO IT, BUT THE DAILY EXERCISE AND MANY HOURS OF HARD WORK AT THE GYM REALLY HELPED US BOTH LOSE THE WEIGHT. WE EACH LOST CLOSE TO 40 LBS! HE SHOWED GRIT AND DETERMINATION AND COMMITMENT. THE Y HELPED BRING THAT OUT IN HIM BY GIVING HIM THE TOOLS (MACHINES AND WELCOMING ENVIRONMENT) TO GET HEALTHIER. HIS SELF-CONFIDENCE AND SELF-ESTEEM ARE GROWING. IT MAKES ME BURST WITH PRIDE. IF HE COULD DO IT, OTHER KIDS AND ADULTS COULD DO IT TOO. THE Y HAS CERTAINLY TRANSFORMED HIS LIFE. ROSEMARY, MOTHER AND SUMMIT YMCA MEMBER. THE SUMMIT AREA YMCA CONTINUES TO DEMONSTRATE ITS COMMITMENT TO ENSURE ALL PEOPLE FIND COMMUNITY AND CONNECTEDNESS, ESPECIALLY THOSE FAMILIES SEPARATED WHILE DEFENDING OUR FREEDOMS. OUR YMCA PARTICIPATES IN THE YMCA MILITARY OUTREACH PROGRAM, OFFERING FREE MEMBERSHIPS TO 8 FAMILIES AND 28 ADULTS (ACTIVE DUTY PERSONNEL) AND THEIR FAMILIES, GIVING THEM A PLACE TO COME TO RELIEVE STRESS, MAKE FRIENDS, AND BECOME HEALTHIER. PART III LINE 4B YOUTH DEVELOPMENT - CHILD CARE. WE BELIEVE THAT ALL KIDS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE. IN ADDITION, WE BELIEVE THAT KIDS NEED A SAFE, NURTURING ENVIRONMENT IN WHICH TO LEARN, GROW AND DEVELOP SOCIAL SKILLS AND OUR CHILD CARE PROGRAMS, WHICH CARE FOR 600 CHILDREN AGES SIX WEEKS TO 12 YEARS EVERY DAY, PROVIDE JUST SUCH AN ENVIRONMENT. IN 2013, THE Y PROVIDED $277,335 IN DIRECT FINANCIAL ASSISTANCE, ENABLING PARENTS TO GO TO WORK SECURE THAT THEIR CHILD (INFANTS, TODDLERS, PRE-SCHOOL AND ELEMENTARY AGE SCHOOL CHILDREN) WERE BEING NURTURED, DEVELOPED AND WELL CARED FOR. MANY OF THE CHILDREN IN OUR CHILD CARE PROGRAMS, PARTICULARLY AT THE LEARNING CIRCLE YMCA, WHICH IS A FULL-TIME CHILD CARE CENTER CARING FOR CHILDREN FROM SIX WEEKS TO SIX YEARS OLD, COME FROM SINGLE-PARENT HOUSEHOLDS, AND MANY LIVE AT THE POVERTY LEVEL. HERE IS MELISAS STORY: AS A SINGLE MOTHER, I HAVE A BUSY LIFE TAKING CARE OF MY YOUNG SON AND MY MOTHER BUT THE Y SUPPORT OF OUR FAMILY MAKES IT ALL POSSIBLE. FOR THE PAST YEAR, MY SON HAS BEEN GOING TO SCHOOL AT THE LEARNING CIRCLE YMCA. IN THE BEGINNING HE WAS SO SHY BECAUSE HE ONLY SPOKE SPANISH AND IT WAS HARD FOR HIM TO RELATE TO THE OTHER CHILDREN. THROUGH THE TEACHERS CARING AND UNDERSTANDING APPROACH, THEY CONNECTED WITH HIM TO BUILD HIS CONFIDENCE. NOW HE SPEAKS ENGLISH SO WELL THAT I AM LEARNING FROM HIM! HE HAS GROWN ACADEMICALLY AND SOCIALLY. IF IT WERE NOT FOR THE FINANCIAL ASSISTANCE WE RECEIVED THROUGH THE Y, HE WOULD NOT HAVE A CHANCE TO LEARN AND GROW AT SUCH A WONDERFUL SCHOOL. WITH THE Y SUPPORT, I AM ABLE TO WORK TO SUPPORT MY FAMILY AND PURSUE MY EDUCATION TO ACHIEVE MY DREAM OF BECOMING A CLINICAL PSYCHOLOGIST. THE LEARNING CIRCLE YMCA IS A PLACE WHERE MY SON FEELS SAFE AND HAPPY IT IS A SECOND HOME TO HIM AND TO ME. - MELISA, THE LEARNING CIRCLE PART III LINE 4C YOUTH DEVELOPMENT - DAY CAMP. THE SUMMIT AREA YMCA DAY CAMPS ARE SAFE, EXCITING PLACES FOR YOUNG PEOPLE TO EXPLORE THE OUTDOORS, BUILD SELF-ESTEEM, DEVELOP INTERPERSONAL SKILLS AND MAKE LASTING FRIENDSHIPS AND MEMORIES. IN 2013, WE PROVIDED $33,568 IN DIRECT FINANCIAL ASSISTANCE TO SOME OF THE 540 CAMPERS ENROLLED, TO ENSURE THEY HAD THE SAME EXPERIENCES AS OTHER KIDS AND THAT THEY TOO, BENEFITTED FROM THE NURTURING DEVELOPMENT THAT HAPPENS EVERY DAY IN Y CAMP. FORM 990 PART III LINE 4D SOCIAL RESPONSIBILITY PROGRAMS. IN ADDITION TO HEALTHY LIVING PROGRAMS, CHILD CARE AND CAMP, THE Y SERVES THE COMMUNITY IN A VARIETY OF WAYS, MOST IMPORTANTLY THROUGH THE COMMUNITY DEVELOPMENT PROGRAMS, INCLUDING THE ACHIEVERS PROGRAM, WHICH PRINCIPALLY PROVIDE FREE OR LOW COST EDUCATIONAL AND CAREER SUPPORT TO MINORITY TEENS AND THEIR FAMILIES. GEORGE, A CANCER SURVIVOR FOUND HOPE AND COMMUNITY IN HIS SMALL CANCER-RECOVERY GROUP AT THE Y. HERE IS HIS STORY. AT AGE 66, I UNDERWENT THE CYBERKNIFE OPERATION WHEN I LEARNED I HAD PROSTRATE CANCER. I WAS SURPRISED AT THE DIAGNOSIS. MY DAUGHTER ENCOURAGED ME TO INVESTIGATE THE LIVESTRONG AT THE YMCA PROGRAM AND MY FOLLOWING HER ADVICE PAID AMAZING DIVIDENDS! FROM THE MOMENT THAT I WALKED INTO THE BERKELEY HEIGHTS YCMA AND WAS WARMLY WELCOMED BY THE STAFF, THROUGH THE DURATION OF THE FREE 12-WEEK PROGRAM, I WAS TREATED WITH RESPECT AND UNDERSTANDING. THOSE HELPING ME WERE ESPECIALLY TRAINED IN CANCER RECOVERY CARE AND ENCOURAGED AND ADVISED ME HOW TO BECOME MORE HEALTHY IN BODY AND MIND, I AM A TESTAMENT TO THE SUCCESS OF THE PROGRAM. MY HEART RATE HAS GONE DOWN BY ALMOST 20%, I CAN NOW LEG PRESS 200 LBS MORE THAN ON MY FIRST DAY, AND MY FITNESS ON THE WALK TEST INCREASED BY 50% (FROM 16 TO 24 LAPS). IN JUST 3 MONTHS, I AM STRONGER, MORE CHEERFUL, MORE HEALTHY. IN 2013, THE SUMMIT AREA YMCA PROVIDED $1.2 MILLION IN DIRECT FINANCIAL ASSISTANCE AND BOTH DIRECT AND INDIRECT PROGRAM SUBSIDIES. FORM 990, PART VI, SECTION A, LINE 4 THE ASSOCIATION AMENDED ITS CORPORATE BYLAWS DURING 2013. FORM 990, PART VI, SECTION B, LINE 11 SUMMIT AREA YMCA 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 PROVIDED TO THE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C SUMMIT AREA YMCA CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLCITS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST THE CONFLICT OF INTEREST POLICY REQUIRES THAT MANAGEMENT AND THE GOVERNING BODY BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT SUCH TRANSACTONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME AS THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. THERE IS A COMMITTEE OF THE BOARD OF TRUSTEES THAT REVIEWS THE COMPENSATION POLICIES AND ANALYZES SURVEYS AND STUDIES OF OTHER EXEMPT ORGANIZATIONS, BEFORE SUBMITTING RECOMMENDATIONS TO THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 SUMMIT AREA YMCA MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTNG IT ON GUIDESTAR.ORG. IN ADDITION FORMS 990 AND 1023 AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON THE YMCA'S WEBSITE AND UPON WRITTEN REQUEST AT THE ADMINISTRATION OFFICE AT 490 MORRIS AVENUE, SUMMIT, NJ 07901