2012-07-05T14:00:16-05:00 2011-12-31 990 2011-06-01 381358058 THE YOUNG MEN'S CHRISTIAN ASSOCIATION OF GREATER GRAND RAPIDS YOUN 6168559600 475 Lake Michigan Drive NW Grand Rapids MI 49504 ROBERT L BRANCH 2012-07-05 2011 2016-02-24 21:20:13Z YMCA OF GREATER GRAND RAPIDS RONALD K NELSON 475 Lake Michigan Drive NW Grand Rapids MI 49504 13809523 false X WWW.GRYMCA.ORG X 1866 MI TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL. 36 36 1537 7200 0 0 5585799 1943551 15900342 10305613 131885 -28824 118304 97298 21736330 12317638 0 0 0 0 11384889 7406675 0 0 195421 8556361 5847583 19941250 13254258 1795080 -936620 74606675 69180928 43346864 39120332 31259811 30060596 X TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD HEALTHY SPIRIT, MIND, AND BODY FOR ALL. THE YMCA OF GREATER GRAND RAPIDS (Y) IS AN INCLUSIVE ORGANIZATION OF MEN, WOMEN AND CHILDREN JOINED TOGETHER BY A SHARED COMMITMENT TO NURTURING THE POTENTIAL OF KIDS, PROMOTING HEALTHY LIVING, AND FOSTERING A SENSE OF SOCIAL RESPONSIBILITY. false false 4612952 7082879 PHYSICAL/CARDIOVASCULAR CARE: PHYSICAL/CARDIOVASCULAR CARE PROGRAMS ARE PART OF THE Y'S FOCUS FOR YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY. PROGRAMS ARE DESIGNED TO IMPACT THE WELLNESS OF THE COMMUNITY AND INCLUDE FREE SEMINARS, BLOOD PRESSURE SCREENINGS, CHOLESTEROL TESTS, AND FITNESS EVALUATIONS. THERE IS AN EMPHASIS ON FAMILY, WITH A FULL COMPLEMENT OF PROGRAMS FOR INDIVIDUALS SIX MONTHS TO SENIOR CITIZENS. FINANCIAL ASSISTANCE IS AVAILABLE TO THOSE IN NEED. 2284857 1499149 CHILD CARE: CHILD CARE PROGRAMS PROVIDE HIGH QUALITY CHILD CARE WHILE FOCUSING ON THE Y'S FIVE CORE VALUES - CARING, HONESTY, RESPECT, RESPONSIBILITY, AND INCLUSION. Y PROGRAMS ARE BASED UPON YEARS OF RESEARCH IN THE FIELD OF CHILD DEVELOPMENT AND ARE DESIGNED TO MEET THE INDIVIDUAL NEEDS OF THE CHILD AND THE FAMILY AS A WHOLE. THE Y PROVIDES A SAFE AND NURTURING PLACE AND SUPPORTS CHILD DEVELOPMENT. THE Y UNDERSTANDS THE NEED FOR AFFORDABLE CHILD CARE, AND IS THERE TO ASSIST IN REDUCING THE BURDEN AND STRESS BY PROVIDING TUITION ASSISTANCE FOR CHILD CARE SERVICES. ADDITIONALLY, WE AID FAMILIES WHO MIGHT NEED OTHER FORMS OF HELP DUE TO FAMILY VIOLENCE, LOSS OF JOB, AND SUBSTANCE ABUSE ETC. BY COLLABORATING WITH OTHER SOCIAL SERVICE AGENCIES. THE CHILD CARE PROGRAM FOCUSES ON HELPING PARENTS LEARN MORE ABOUT HOW TO RAISE HEALTHY, HAPPY CHILDREN WHO CAN GROW INTO RESPONSIBLE CARING YOUNG PEOPLE. 1474420 278796 AQUATICS PROGRAM: Y'S HAVE BEEN TEACHING PEOPLE TO SWIM FOR MORE THAN A CENTURY. MANY PEOPLE'S FIRST MEMORIES WITH SWIMMING HAVE BEEN MADE IN A Y POOL. IN THE Y AQUATICS PROGRAM PEOPLE OF ALL AGES LEARN SKILLS RANGING FROM BASIC SAFETY AND STROKES, ADVANCED TECHNIQUES, TO ARTHRITIS THERAPY. EVERYONE WHO PARTICIPATES IN A Y AQUATIC CLASS WILL DEVELOP LIFELONG SKILLS THAT CAN HELP THEM STAY HEALTHY AND BUILD SELF-ESTEEM. OTHER Y AQUATICS PROGRAMS INCLUDE INFANT-PARENT CLASSES, PRESCHOOL CLASSES, CLASSES FOR PEOPLE WITH DISABILITIES, AND CLASSES FOR TEENS AND ADULTS. THERE IS A CLASS FOR EVERY SKILL LEVEL AND INTEREST. PROVIDING LESSONS FOR PEOPLE OF ALL AGES AND SKILL SETS. PROGRAMS RANGE FROM BABY AND PARENT LESSONS, TO SYNCHRONIZED SWIMMING, TO MASTER COMPETITIVE SWIMMING FOR PEOPLE OVER THE AGE OF 18, AND SEPARATE COMPETITIVE PROGRAMS FOR YOUTH. 3016983 1444789 SPORTS & RECREATION, CAMPING, FAMILY, AND OLDER ADULTS PROGRAMS 3016983 1444789 11389212 true true false false false true false false true true false false false true true true false false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false false false false true 38 0 true 1537 true false false false false false true true false true true false X 36 36 false false false false false false false true true false false true true true true true true true true false MI X X X Robert L Branch 6168559600 475 Lake Michigan Dr NW Grand Rapids MI 49504 BRIAN T HARRIS 2.00 X X 0 0 0 CHARLES E BENNETT 1.50 X X 0 0 0 JOHN B MOSLEY 1.00 X X 0 0 0 THOMAS R CURRAN JR 1.00 X X 0 0 0 ALAN R HARTLINE 0.50 X 0 0 0 ANA L RAMIREZ-SAENZ 0.50 X 0 0 0 BENJAMIN H LOGAN 0.50 X 0 0 0 CARLOS SANCHEZ 0.50 X 0 0 0 CAROL J KARR 0.50 X 0 0 0 CAROL VAN ANDEL 0.50 X 0 0 0 CYNTHIA A HAVARD 0.50 X 0 0 0 DIANE C KNIOWSKI 0.50 X 0 0 0 DR STEVEN C ENDER 0.50 X 0 0 0 GREGORY A RHODES 0.50 X 0 0 0 JACQUELINE D TAYLOR 0.50 X 0 0 0 JAMES E DUNLAP 1.00 X 0 0 0 JEFF LAMBERT 1.50 X 0 0 0 JOAN A BUDDEN 0.50 X 0 0 0 JOHN F BUTZER MD 1.50 X 0 0 0 JOHN H BULTEMA III 0.50 X 0 0 0 JOHN S JACKOBOICE 0.50 X 0 0 0 KAREN D MORRIS 0.50 X 0 0 0 LYNN M KERBER 0.50 X 0 0 0 MARSHA RAPPLEY 0.50 X 0 0 0 MARY ELLEN RODGERS 1.50 X 0 0 0 MICHAEL G WOOLDRIDGE 0.50 X 0 0 0 NANCY A SKINNER 0.50 X 0 0 0 NANCY J AYRES 1.00 X 0 0 0 PATRICK A MILES JR 0.50 X 0 0 0 PETER VARGA 0.50 X 0 0 0 ROBERT L HERR 0.50 X 0 0 0 ROSALYNN BLISS 1.00 X 0 0 0 SAMUEL A OJO 0.50 X 0 0 0 SEAN P WELSH 1.00 X 0 0 0 THOMAS BUSH 0.50 X 0 0 0 WILLIAM SCHOONVELD 0.50 X 0 0 0 ROBERT L BRANCH 50.00 X 124153 0 9933 RONALD K NELSON 52.00 X 235843 0 18867 JAN WIERENGA 50.00 X 156405 0 16225 AMY SAUNDERS-FERRIELL 50.00 X 115275 0 12130 631676 0 57155 4 false true false ROCKFORD CONSTRUCTION 5540 GLENWOOD HILLS PARKWAY SE GRAND RAPIDS MI 49512 CONSTRUCTION 2142763 GRANDVILLE PRINTING CO PO BOX 247 GRANDVILLE MI 494680247 PRINTING 113508 VALLEY CITY SIGN 5009 WEST RIVER DRIVE COMSTOCK PARK MI 49321 SIGNAGE 110574 3 18884 16760 841924 1065983 1943551 MEMBERSHIP DUES & ASSESSMENT 624190 6801332 6801332 PROGRAM FEES 624190 1839825 1839825 CHILD CARE 624410 1499149 1499149 USE OF FACILITIES 624410 165307 165307 0 0 0 0 10305613 49624 49624 0 0 0 0 0 1377751 15178 1457785 13592 -80034 1586 -78448 -78448 24529 16760 20508 4021 4021 0 0 MISCELLANEOUS INCOME 624190 93277 93277 0 0 0 0 93277 12317638 10305613 0 68474 0 0 0 0 327963 327963 0 5960776 5238617 594903 127256 251632 171745 69075 10812 385100 355002 24760 5338 481204 384561 87217 9426 0 12111 12111 36375 36375 0 0 0 35525 18310 16126 1089 241363 11625 229721 17 1023333 962191 54359 6783 0 0 862878 861358 1520 81507 60077 20041 1389 0 85590 33463 35184 16943 90249 90249 108500 91021 15907 1572 1470114 1453835 15080 1199 85667 70494 11844 3329 CONTRACTED SERVICES 234003 164194 68984 825 REPAIR AND MAINTENANCE 607171 596531 10273 367 BAD DEBT EXPENSE 52151 43887 8264 BRANDING 37030 18034 18685 311 784016 764018 19497 501 13254258 11389212 1669625 195421 0 410326 2196237 11606052 3707709 4776034 3799332 530314 583661 0 0 0 0 0 0 17271 14229 121178 212301 69449907 14841448 52419820 54608459 4014315 3412906 0 0 0 0 0 0 711365 646094 74606675 69180928 4999235 1681173 0 0 638454 458390 34180000 33520000 0 0 0 0 2533017 2527387 0 0 996158 933382 43346864 39120332 X 22519905 26636780 7605777 2357711 1134129 1066105 0 0 0 0 0 0 31259811 30060596 74606675 69180928 X -936620 -262595 X false true true X true true X 3601058 4539703 4582019 4086624 1943551 18752955 0 0 3601058 4539703 4582019 4086624 1943551 18752955 2814 18750141 284141 -56975 63367 117852 49624 458009 0 0 174080 180161 176287 117806 648334 19859298 0.94410 0.93430 X OTHER INCOME, SCHEDULE A, PART II, LINE 10, DESCRIPTION - , COLUMN A - , COLUMN B - 174080, COLUMN C - 180161, COLUMN D - 176287, COLUMN E - 117806, COLUMN F - 530528;, RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 1 0.71 0 0 0 1 true 0 1134129 -68024 1066105 1056185 77944 1134129 979579 76606 1056185 1204773 -225194 979579 0.00000 1.00000 0.00000 true false 5610044 5610044 55021856 9580204 45441652 0 8163351 5164703 2998648 654656 96541 558115 54608459 0 DEFERRED RENT 933382 933382 12317638 13254258 -936620 -262595 0 -262595 -1199215 12075551 -262595 20508 -242087 12317638 0 0 12317638 13274766 20508 20508 13254258 0 0 13254258 Conservation easements policy Schedule D, Part II, Line 5 SEE BELOW Conservation easements financial reporting Schedule D, Part II, Line 9 ACCOUNTING FOR CONSERVATION EASEMENTS A CONSERVATION EASEMENT EXISTS ON 0.71 ACRES OF AN 18.192 PARCEL OF LAND OWNED BY THE YMCA GRANTED BY THE DEPARTMENT OF ENVIRONMENTAL QUALITY (MDEQ). THE EASEMENT WAS RECORDED WITH THE KENT COUNTY REGISTER OF DEEDS ON DECEMBER 10, 2002. THE PURPOSE OF THIS EASEMENT IS TO PROTECT THE WETLAND FUNCTIONS AND VALUES EXISTING (OR ESTABLISHED ON THE PROPERTY FOR MDEQ PERMIT 02-41-003-P) ON THE EASEMENT PREMISES. THE CONSERVATION EASEMENT DOES NOT GRANT OR CONVEY ANY RIGHT OF OWNERSHIP, POSSESSION, OR USE OF THE EASEMENT PREMISES TO THE MDEQ OR ANY MEMBER OF THE GENERAL PUBLIC, AND REPRESENTS AN IMMATERIAL PORTION OF THE LAND PURCHASED; THEREFORE NO SPECIAL ACCOUNTING FOR THIS EASEMENT WAS REQUIRED. Intended uses of endowment funds Schedule D, Part V, Line 4 INTENDED USES FOR ENDOWMENT FUNDS ENDOWMENT FUNDS ARE USED TO PROVIDE LOW INCOME INDIVIDUALS WITH AN OPPORTUNITY TO HAVE A CAMP EXPERIENCE, TO SUPPORT INNER-CITY PROGRAMMING, AND SUPPORT OTHER PROGRAM NEEDS. FIN 48 (ASC 740) footnote Schedule D, Part X, Line 2 THE INTERNAL REVENUE SERVICE HAS DETERMINED THE YMCA IS EXEMPT FROM INCOME TAXES UNDER PROVISIONS OF CODE SECTION 501(C)(3) WHEREBY ONLY UNRELATED BUSINESS INCOME, AS DEFINED BY SECTION 509(A)(1) OF THE CODE, IS SUBJECT TO FEDERAL INCOME TAX. THE YMCA CURRENTLY HAS NO UNRELATED BUSINESS ACTIVITY. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED. IN ADDITION, THE YMCA QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). TAX POSITIONS TAKEN ARE ASSESSED FOR UNCERTAINTY AND A PROVISION MAY BE RECORDED IF A TAX POSITION IS NOT LIKELY TO BE SUSTAINED UPON EXAMINATION. WITH LIMITED EXCEPTIONS, THE YMCA IS NO LONGER SUBJECT TO AUDITS BY FEDERAL AUTHORITIES FOR YEARS PRIOR TO 2008. GOLF OUTING 16616 7100 9516 0 0 4300 3114 1215 340 GOLF OUTING 13306 7641 5665 0 305 1680 900 0 315 1 11367 2019 9348 0 4676 0 0 0 3663 41289 16760 24529 0 4981 5980 4014 1215 4318 20508 4021 X X X X false false false false false false false false false RONALD K NELSON 235843 0 0 0 0 0 0 0 18867 0 254710 0 0 0 JAN WIERENGA 156405 0 0 0 0 0 0 0 16225 0 172630 0 0 0 MICHIGAN STRATEGIC FUND 521417332 59469C7W7 2004-06-30 15500000 CONSTRUCTION AND EQUIP FACILITY false false false MICHIGAN STRATEGIC FUND 521417332 59469C8S5 2005-03-03 5000000 CONSTRUCTION AND EQUIP FACILITY false false false MICHIGAN STRATEGIC FUND 521417332 594698JN3 2010-08-12 16000000 CONSTRUCTION AND EQUIP FACILITY false false false 2350000 0 15500000 0 355388 462917 275000 118991 0 14750621 0 0 2006 false false true true 630000 0 5000000 0 159786 142083 100000 37962 0 4702252 0 0 2006 false false true true 0 0 16000000 0 323743 1457139 307368 53477 0 15315412 0 1844130 2011 false false false true false false false false 0.0000 0.0000 0.0000 false false false false false 0.0000 0.0000 0.0000 false false false false false 0.0000 0.0000 0.0000 false false true false false false false false true false 0.0 false 0.0 false false false true false false false false Procedures to take corrective action Schedule K, Part V AS THIS QUESTION WAS N/A FOR THE YMCA OF GREATER GRAND RAPIDS, THIS BOX HAS BEEN INTENTIONALLY LEFT BLANK. OTHER PROGRAM SERVICES FORM 990, PART III, LINE 1 OUR CAUSE DEFINES US WE KNOW THAT LASTING PERSONAL AND SOCIAL CHANGE COMES ABOUT WHEN WE ALL WORK TOGETHER. THAT'S WHY, AT THE Y, STRENGTHENING COMMUNITY IS OUR CAUSE. EVERY DAY, WE WORK SIDE-BY-SIDE WITH OUR NEIGHBORS TO ENSURE THAT EVERYONE, REGARDLESS OF AGE, INCOME OR BACKGROUND, HAS THE OPPORTUNITY TO LEARN, GROW AND THRIVE. OUR STRENGTH IS IN COMMUNITY THE Y IS A NONPROFIT LIKE NO OTHER. THAT'S BECAUSE IN NEIGHBORHOODS ACROSS OUR COMMUNITY, WE HAVE THE PRESENCE AND PARTNERSHIPS TO NOT JUST PROMISE, BUT DELIVER, POSITIVE CHANGE. * THE Y IS COMMUNITY CENTERED. FOR NEARLY 145 YEARS, WE'VE BEEN LISTENING AND RESPONDING TO THE NEEDS OF OUR COMMUNITIES. WE HAVE 8 BRANCHES THAT HELP MORE THAN 183,000 INDIVIDUALS LEAD HEALTHIER LIVES. * THE Y BRINGS PEOPLE TOGETHER. WE CONNECT PEOPLE AND ORGANIZATIONS TO BRIDGE GAPS IN COMMUNITY NEEDS THROUGH VOLUNTEERS, SCHOOLS, HOSPITALS, NEIGHBORHOOD AND COMMUNITY ORGANIZATIONS, HEALTH DEPARTMENTS, CHURCHES, FUNDERS AND MORE. * THE Y NURTURES POTENTIAL. WE BELIEVE THAT EVERYONE SHOULD HAVE THE OPPORTUNITY TO LEARN, GROW AND THRIVE. IN FACT, 25% OF THOSE WE SERVE RECEIVE SOME LEVEL OF FINANCIAL ASSISTANCE. * THE Y HAS LOCAL PRESENCE AND NATIONAL EXPOSURE. WE EMBRACE VULNERABLE COMMUNITIES TO EFFECT LASTING, MEANINGFUL CHANGE THROUGH COMMUNITY HEALTHY LIVING HUBS, PHYSICAL ACTIVITY AND NUTRITION EDUCATION, ACCESS TO FRESH PRODUCE AND OTHER HEALTH AND WELL-BEING PROGRAMS AIMED AT CHRONIC DISEASE PREVENTION WITHIN OUR COMMUNITY. ALL PROGRAMS ARE EVIDENCE BASED, CULTURALLY RELEVANT AND PHILANTHROPICALLY SUPPORTED. OUR IMPACT IS FELT EVERY DAY WITH A MISSION TO PUT CHRISTIAN PRINCIPLES INTO PRACTICE THROUGH PROGRAMS THAT BUILD A HEALTHY SPIRIT, MIND AND BODY FOR ALL, OUR IMPACT IS FELT WHEN AN INDIVIDUAL MAKES A HEALTHY CHOICE, WHEN A MENTOR INSPIRES A CHILD AND WHEN A COMMUNITY COMES TOGETHER FOR THE COMMON GOOD. Description of other program services Form 990, Part III, Line 4d SPORTS & RECREATION, CAMPING, FAMILY, AND OLDER ADULTS PROGRAMS Review of form 990 by governing body Form 990, Part VI, Section B, Line 11b THE FORM 990 WAS PREPARED BY YMCA STAFF AND SUBSEQUENTLY REVIEWED IN DETAIL AND REVISED AS RECOMMENDED BY THE YMCA'S FINANCE COMMITTEE. RESULTS OF THIS REVIEW WERE SUBSEQUENTLY REPORTED TO THE YMCA'S EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS BY THE ASSOCIATION'S TREASURER. Conflict of interest policy Form 990, Part VI, Section B, Line 12c FORM FILLED OUT ANNUALLY. ALL ARE REVIEWED BY THE PRESIDENT/CEO. PRESIDENT/CEO REVIEWS ANY ISSUES WITH THE EXECUTIVE COMMITTEE AND THEY DECIDE WHAT ACTION TO TAKE. Process used to establish compensation of top management official Form 990, Part VI, Section B, Line 15a COMPENSATION COMMITTEE: THE PURPOSE OF THE COMPENSATION COMMITTEE (THE 'COMMITTEE') OF THE BOARD OF DIRECTORS (THE 'BOARD') OF THE YMCA SHALL BE TO ACT ON BEHALF OF THE BOARD IN FULFILLING THE BOARD'S RESPONSIBILITIES TO OVERSEE THE PRESIDENT/CEO'S COMPENSATION POLICIES, PLANS AND PROGRAMS, AS WELL AS TO REVIEW THE CURRENT COMPENSATION TO BE PAID TO THE PRESIDENT/CEO. THE TERM 'COMPENSATION' SHALL INCLUDE SALARY, LONG-TERM INCENTIVES, BONUSES, PERQUISITES AND SEVERANCE ARRANGEMENTS. THE POLICY OF THE COMMITTEE SHALL BE AS FOLLOWS: COMPENSATION STRUCTURE: THE COMMITTEE SHALL SEEK TO MAINTAIN AN OVERALL COMPENSATION STRUCTURE DESIGNED TO ATTRACT, RETAIN AND MOTIVATE BY PROVIDING APPROPRIATE LEVELS OF RISK AND REWARD, ASSESSED ON A RELATIVE BASIS AT ALL LEVELS WITHIN THE ASSOCIATION AND IN PROPORTION TO INDIVIDUAL CONTRIBUTION AND PERFORMANCE. LONG TERM FOCUS: THE COMMITTEE SHALL SEEK TO ESTABLISH APPROPRIATE INCENTIVES FOR THE PRESIDENT/CEO TO FURTHER THE ASSOCIATION'S LONG-TERM STRATEGIC PLAN AND AVOID UNDUE EMPHASIS ON SHORT-TERM STRATEGIES. IN DETERMINING THE LONG-TERM INCENTIVE COMPONENT THE COMMITTEE WILL SEEK TO ACHIEVE AN APPROPRIATE LEVEL OF RISK AND REWARD, TAKING INTO CONSIDERATION THE ASSOCIATION'S PERFORMANCE, THE POTENTIAL BENEFITS AND THE COSTS TO THE ASSOCIATION. THE MEMBERS OF THE COMMITTEE AND THE COMMITTEE CHAIRPERSON SHALL BE APPOINTED BY AND SERVE AT THE DISCRETION OF THE BOARD, PROVIDED THAT PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. THE COMPENSATION COMMITTEE SHALL CONSIST OF THE CURRENT BOARD CHAIR, PAST BOARD CHAIR, AND THE FUTURE BOARD CHAIR. THE COMMITTEE'S CHAIRPERSON SHALL HAVE FULL ACCESS TO ALL RECORDS AND PERSONNEL OF THE ASSOCIATION AS DEEMED NECESSARY. THE COMMITTEE SHALL HAVE THE AUTHORITY TO OBTAIN ADVICE AND ASSISTANCE FROM LEGAL, ACCOUNTING OR OTHER ADVISORS AND CONSULTANTS. OVERALL COMPENSATION STRATEGY: THE COMMITTEE SHALL BE RESPONSIBLE FOR REVIEWING, MODIFYING AND MAKING RECOMMENDATIONS TO THE FULL BOARD REGARDING THE OVERALL COMPENSATION STRATEGY AND POLICIES FOR THE PRESIDENT/CEO, INCLUDING: REVIEWING AND SUGGESTING PERFORMANCE GOALS AND OBJECTIVES, WHICH SUPPORT AND REINFORCE THE ASSOCIATION'S LONG-TERM STRATEGIC GOALS, RELEVANT TO THE COMPENSATION OF THE ASSOCIATION'S PRESIDENT/CEO; EVALUATING AND RECOMMENDING TO THE BOARD THE COMPENSATION PLANS AND PROGRAMS ADVISABLE FOR THE PRESIDENT/CEO AS WELL AS THE MODIFICATION OR TERMINATION OF EXISTING PLANS AND PROGRAMS; REVIEWING REGIONAL AND INDUSTRY-WIDE DATA FOR COMPENSATION PRACTICES AND TRENDS TO ASSESS COMPARABILITY TO SIMILARLY QUALIFIED PERSONS IN FUNCTIONALITY, PROPRIETY, ADEQUACY AND COMPETITIVENESS OF THE ASSOCIATION'S EXECUTIVE COMPENSATION PROGRAMS AMONG COMPARABLE COMPANIES IN THE ASSOCIATION'S INDUSTRY. HOWEVER, THE COMMITTEE SHALL EXERCISE INDEPENDENT JUDGMENT IN RECOMMENDING THE APPROPRIATE LEVELS AND TYPES OF COMPENSATION TO BE PAID; REVIEWING AND RECOMMENDING TO THE BOARD THE TERMS OF ANY EMPLOYMENT AGREEMENTS, SEPARATION ARRANGEMENTS, CHANGE-OF-CONTROL PROTECTIONS OR ANY OTHER COMPENSATORY ARRANGEMENTS FOR THE PRESIDENT/CEO; MAINTAINING CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. COMPENSATION OF THE PRESIDENT/CHIEF EXECUTIVE OFFICER: THE COMMITTEE SHALL RECOMMEND TO THE BOARD, FOR DETERMINATION AND APPROVAL, THE COMPENSATION AND OTHER TERMS OF EMPLOYMENT FOR THE PRESIDENT/CEO. THE COMMITTEE SHALL ALSO EVALUATE THE PERFORMANCE IN LIGHT OF RELEVANT PERFORMANCE GOALS AND OBJECTIVES, TAKING INTO ACCOUNT, AMONG OTHER THINGS, THE POLICY OF THE COMMITTEE AND THE PRESIDENT/CEO'S PERFORMANCE IN: FOSTERING A CULTURE THAT PROMOTES THE HIGHEST LEVELS OF INTEGRITY AND THE HIGHEST ETHICAL STANDARDS; DEVELOPING AND EXECUTING THE ASSOCIATION'S LONG-TERM STRATEGIC PLAN AND CONDUCTING THE BUSINESS OF THE ASSOCIATION IN A MANNER APPROPRIATE TO ENHANCE LONG-TERM ASSOCIATION VALUE; ACHIEVING ANY OTHER PERFORMANCE GOALS AND OBJECTIVES DEEMED RELEVANT TO THE PRESIDENT/CEO AS ESTABLISHED BY THE COMMITTEE; AND ACHIEVING THE PRESIDENT/CEO'S INDIVIDUAL PERFORMANCE GOALS AND OBJECTIVES. COMPENSATION OF OTHER EXECUTIVE EMPLOYEES: THE COMMITTEE SHALL REVIEW REGIONAL AND INDUSTRY-WIDE COMPENSATION PRACTICES AND TRENDS TO ASSESS THE PROPRIETY, ADEQUACY AND COMPETITIVENESS OF THE ASSOCIATION'S EXECUTIVE'S COMPENSATION PROGRAMS AMONG COMPARABLE COMPANIES IN THE ASSOCIATION'S INDUSTRY. ADMINISTRATION OF COMPENSATION PLANS: THE COMMITTEE SHALL RECOMMEND TO THE BOARD THE ADOPTION, AMENDMENT AND TERMINATION OF THE ASSOCIATION'S INCENTIVE PLANS, BONUS PLANS, DEFERRED COMPENSATION PLANS AND SIMILAR PROGRAMS. THE COMMITTEE SHALL HAVE FULL POWER AND AUTHORITY TO ADMINISTER THESE PLANS, ESTABLISH GUIDELINES, INTERPRET PLAN DOCUMENTS, SELECT PARTICIPANTS, APPROVE GRANTS AND AWARDS, AND EXERCISE SUCH OTHER POWER AND AUTHORITY AS REQUIRED UNDER SUCH PLANS. Process used to establish compensation of other officers/key employees Form 990, Part VI, Section B, Line 15b SAME REVIEW AND APPROVAL PROCESS AS FOR CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT. Governing documents, conflict of interest policy and financial statements available to the public Form 990, Part VI, Section C, Line 19 THE BY-LAWS AND CONFLICT OF INTEREST POLICY ARE SENT TO THE BETTER BUSINESS BUREAU EVERY YEAR. ALL GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH THE Y'S WEBSITE AND UPON REQUEST. Other changes in net assets or fund balances Form 990, Part XI, Line 5 NET UNREALIZED GAINS (LOSSES) ON INVESTMENTS - -262595;