2024-03-27T15:59:41-05:00 2023-05-31 010494526 Baker Newman & Noyes PO Box 507 Portland ME 04112 990 2022-06-01 020222248 The Granite Young Men's Christian Association GRAN 6037822801 670 North Commercial Street 103 Manchester NH 03101 Kathy Kittle CFO 6037822801 2024-03-26 1 Kathy Kittle 999009999 0 Connor Smart P02285543 2078792100 2024-03-26 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z The Granite YMCA Michele Sheppard 670 North Commercial Street 103 Manchester NH 03101 30439844 0 X www.graniteymca.org X 1854 NH Creating a community built on healthy lifestyles, compassion, honesty, and responsibility. 26 25 1157 940 -67333 0 6845055 3800662 16995510 20023660 797136 1028989 39963 246022 24677664 25099333 1336227 1387294 0 0 13819650 15477647 0 0 426371 6847441 7764707 22003318 24629648 2674346 469685 42208261 47431188 9434058 10956549 32774203 36474639 X The Granite YMCA ("The Y") is a volunteer-driven organization committed to serving its community by providing a great variety of programs that promote holistic health of spirit, mind, and body for people of all incomes, races, religions, ages, and abilities. Through this work, The Y adheres to its mission statement: to create a community where all are welcome and that builds healthy spirits, minds, and bodies based on values of caring, honesty, respect, and responsibility. 1 0 17581553 415973 15318608 Youth development - The Y recognizes and celebrates its role as a major service provider in childhood and youth development. The Y is committed to increasing opportunities for youth to deepen values and build positive assets. All youth programs reinforce The Y's core values of honesty, respect, caring and responsibility. These guided principles help children make positive choices in their lives and contribute to building strong families and communities. The Y also seeks to build positive assets in youth by providing opportunities for them to engage in lifelong healthy activities with strong role models to help guide their decisions. (Continued on Schedule O)It is proven that the more positive assets a child has, the less likely they are to engage in high-risk behavior that may lead to negative health habits and anti-social behaviors.With this as a backdrop, The Y is the largest provider of childcare programs in its area, serving over 1,840 children per day at 34 sites state-wide. The Y places a special emphasis on ensuring access to programs in low-income areas by providing financial assistance through grants, state aid and YMCA fundraising.The Y is also committed to providing healthy alternatives for youth during the high-risk after school hours, by providing an extensive variety of programs to serve a children's many interests. These programs include instructional and competitive swimming, gymnastics and dance programs, and a multitude of youth sports programs, including basketball, soccer, wrestling, t-ball, outdoor adventure, tennis, and general fitness. The Y encourages the use of volunteers and mentors to run its programs and includes family participation to bring families closer together.Due to the Y's long-standing involvement in aquatics and concern for keeping children safe around oceans, ponds, lakes, streams, rivers and swimming pools, we provide a free aquatic safety program that serves 1,000 fourth grade children per year from Manchester's elementary school system.During the summer months, when children are not in school, The Y offers day and resident camping programs at 6 major camping facilities for children 4 to 15 years old and serves over 1,780 children per day. We offer financial assistance programs to ensure our center-city and low-income children have the same opportunities to participate and interact with children from within and outside the state and country. A major emphasis of our camping programs is to provide opportunities for youth to gain leadership skills by progressing from a camper to a leader-in-training (l.i.t.), to a counselor-in-training (c.i.t.), to a junior counselor, and finally to a full counselor. Each year, The Y employs over 450 young adults and is one of the community's largest youth employers.Through our camping and youth programs, we can offer opportunities for youth development all year round. This provides consistent support to build a healthy spirit, mind, and body in our children, so they can grow and thrive. 4146757 360306 4967516 Healthy living - we know that 90% of any one person's health is directly related to where they are born, live, learn, work, and grow old. The social determinants of health, such as economic stability, neighborhood and physical environment, education, health food, community and social integration, and quality health care, can either provide smooth pathways to health and success or be an insurmountable barriers, all depending on the environment one finds themselves in. The Y has always believed that a healthy spirit, mind, and body are crucial to helping an individual develop to their fullest potential. We have also been committed to ensuring that everyone, regardless of ability to pay, has access to The Y and its programs and services that support a healthy lifestyle. (Continued on Schedule O)What we now know, based on scientific evidence, is that if we can remove barriers to health for more people - such as poverty, hunger, education, and social integration - we will not only improve the potential for every individual, but our communities will, in turn, thrive.The Y offers a sliding fee scale and financial aid to remove financial barriers that may prevent participation. Last year, we provided financial aid and/or free services to over 9,820 people to ensure all who need help, receive help. Of this number, 921 received free or discounted memberships at the Y and 5,488 received financial assistance enabling them to participate in a Y program. The value of assistance is over $1.3 million.As a part of this commitment, the Y provides free memberships to over 56 other non-profit agencies whose clients have special needs, such as foster homes, group homes for children with no parents, drug and alcohol treatment centers, mentoring programs and disabled individuals. Collaborating to support others in our community is a major focus for our organization. The Y's core values of honesty, caring, respect and responsibility are taught to help all people commit to individual and family wellness. The Y maintains a major focus on developing strong families and offers concurrent programming and childcare support through a program called family time. With this program, the entire family can come at one time to ensure everyone gets to participate in healthy activities. As a part of family time, the Y provides free care for children so parents can work out, knowing their children are well cared for. Over 70% of our memberships are youth and families, so this makes a big impact. In addition, we run special programs like: - Healthy Kids' Day, Brunch with Santa, and host family outings. - We offer special rates to families as well as to seniors to encourage membership. - We maintain a broad definition of families to ensure traditional and non-traditional families can participate. - Over 150 classes are offered each week for people of all walks of life with all kinds of interests.This broad scope of service ensures there is the opportunity for a lifetime of participation, which is the most powerful methodology for long term change. Providing these programs for all ages, levels and abilities offers a unique opportunity for youth to build lifelong relationships and friends, build self-confidence, spend quality time with their families and, of course, deepen values. 1140863 611015 32583 Social responsibility - The Y acts as a community partner whenever possible to address critical community needs. A number of our communities have experienced a significantly higher percentage of school dropouts and school failures than other communities in the state. The Y has taken the lead to impact this important issue by offering many special programs to reduce school dropouts and close the achievement gap for at-risk youths.The YMCA START afterschool program in Manchester's center city Beech and Wilson schools provides a research-based achievement gap program for twenty-seven youth daily. (Continued on Schedule O)The program provides five staff who tutor, mentor, and provide math, literacy, and 21st century skills geared at building academic competencies, social skills and strong relationships to school and community. 85% of the participants are below federal poverty guidelines. English is a second language for many of the children, so the additional tutoring and homework help is critical in improving their success in school. Most families pay as little as $11.00 per week, and many families receive fully subsidized services, made possible through our fundraising and grant activities. This reduces the number of families on state assistance, as it enables parents to work while knowing their children are well cared for.The support, tutoring, and adventure for youth program (YSTAY) is run in all four middle schools and one high school in Manchester, NH. The program provides a staff member in each school to tutor, mentor, and provide positive group work experience geared at building academic competency, social skills, and a strong relationship with the school and community. The Y serves 120-plus youth per year and supports 125 alumni and family members.The Y also provides a special program called YSTRIVE, for suspended and expelled students. No program currently exists in Manchester to support these individuals when they are out of school. The Y runs this program in cooperation with the Manchester School Department in the YMCA of Downtown Manchester branch. This program provides an opportunity for students to complete their schoolwork to stay on course with their studies, receive tutoring help, perform community service, and to learn ways to improve social skills to avoid further problems in school. 107 youth were served by this program this past year.Over 105 teens took advantage of The Y's Free Teen Center last year. Teen Center activities include tutoring, mentoring, daily physical activity choices, arts and crafts, leadership and community service, and healthy cooking workshops at the Downtown Manchester branch and the YMCA Allard Center branch, located in Goffstown, New Hampshire. 22869173 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 128 0 1 1157 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 26 25 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 NH X Kathy Kittle 6037822811 670 North Commercial Street 103 Manchester NH 03101 Kraig Burnham Trustee (End Jan 23) 7.50 0.00 X 0 0 0 Carrie Carbonneau Trustee (ex-officio) 2.00 0.00 X 0 0 0 Morey Goodman Trustee 2.00 0.00 X 0 0 0 Ryan Gough Trustee 3.50 0.00 X 0 0 0 Dan Grinley Trustee (End Nov 22) 2.00 0.00 X 0 0 0 Matt Henry Trustee (ex-officio) (Start Jan 23) 2.00 0.00 X 0 0 0 Kerry Houston Trustee 2.00 0.00 X 0 0 0 Donna Indelicato Trustee (ex-officio) 2.00 0.00 X 0 0 0 David Kuhn Trustee 2.00 0.00 X 0 0 0 Jodi Langellotti Trustee (ex-officio) 2.00 0.00 X 0 0 0 Matt Leahy Trustee 2.00 0.00 X 0 0 0 John Lombardi Trustee 2.00 0.00 X 0 0 0 Steve Lubelczyk Trustee 2.00 0.00 X 0 0 0 Dennis Malloy Trustee 2.00 0.00 X 0 0 0 Sheryl McQuade Trustee 2.00 0.00 X 0 0 0 Laila Miller Trustee (ex-officio) 2.00 0.00 X 0 0 0 Brandon Pierre Trustee (End Oct 22) 2.00 0.00 X 0 0 0 Lori Piper Trustee (Start Jan 23) 2.00 0.00 X 0 0 0 Bob Pliskin Trustee (Start Jan 23) 2.00 0.00 X 0 0 0 Wayne Robinson Trustee 4.50 0.00 X 0 0 0 Brett St Clair Trustee 2.00 0.00 X 0 0 0 Sarah Tierney Trustee (ex-officio) (Start Jan 23) 2.00 0.00 X 0 0 0 Tom Tomai Trustee (End Jan 23) 2.00 0.00 X 0 0 0 Margaret Tomas Trustee 2.00 0.00 X 0 0 0 Henry Veilleux Trustee 2.00 0.00 X 0 0 0 Kellie Wardman Trustee 2.00 0.00 X 0 0 0 Rob Glew Chair 6.00 0.00 X X 0 0 0 Jeremy Walker Vice Chair 2.00 0.00 X X 0 0 0 William Tucker Treasurer 6.00 0.00 X X 0 0 0 Jim Ferro Secretary 4.00 0.00 X X 0 0 0 Michele Sheppard President/CEO 55.00 0.00 X 231776 0 33500 Kathy Kittle CFO 55.00 0.00 X 154211 0 15342 John Ristaino VP of Fin. Development (End Dec 22) 40.00 0.00 X 104867 0 19079 Matt Hanson District VP 40.00 0.00 X 102065 0 12620 592919 0 80541 4 0 1 0 Cornerstone PDC LLC 42 West Brook Street Manchester NH 03101 Construction Services 691107 Milestone Construction LLC PO Box 2279 Concord NH 03302 Architectural Services 581588 Hillbilly Home Development 42 Linda Lane Gilford NH 03249 Construction Services 439427 Fresh Picks Cafe LLC 749 East Industrial Park Drive Manchester NH 03109 Food Services 291297 Alpine Business Solutions 70 Twist Hill Road Dunbarton NH 03046 IT and Technology Solutions 168649 5 117998 2653275 1029389 4881 3800662 Youth Development 624410 15023561 15023561 Healthy Living 713940 4967516 4967516 Learning Center Management Fees 541610 32583 32583 20023660 414745 414745 455479 21405 259218 88738 196261 -67333 128928 196261 -67333 5518491 2500 4906747 0 611744 2500 614244 614244 20808 2500 18308 18308 182094 83308 98786 98786 25099333 20318707 -67333 1047297 1387294 1387294 434829 405058 20284 9487 12490884 11650593 570981 269310 523423 477740 31650 14033 1100306 1019968 55807 24531 928205 871806 38063 18336 43757 43757 16152 16152 69455 69455 857500 717420 121415 18665 76910 73971 756 2183 1487931 1391573 63535 32823 277281 180132 91194 5955 2014013 1852661 138510 22842 180610 179970 640 256440 212958 36261 7221 161188 160769 393 26 1401539 1370527 31012 225957 220759 4879 319 Food 392854 392854 Program supplies 254790 254790 Provision for bad debts 48330 48330 24629648 22869173 1334104 426371 7827374 3891598 815573 360705 194486 394944 442466 237874 215330 42381330 20405407 16001946 21975923 14732557 12248404 3894276 1037830 2652861 2715302 42208261 47431188 840761 1490232 608130 566030 3365720 3869225 1275000 1105000 3252255 2876693 92192 1049369 9434058 10956549 X 20100620 25035114 12673583 11439525 32774203 36474639 42208261 47431188 X 469685 -1041101 4271852 X X 0 1 X 1 0 X 1536813 1675112 6506735 6845055 3800662 20364377 17413687 16519860 11283211 16984775 20318707 82520240 18950500 18194972 17789946 23829830 24119369 102884617 73080 73080 0 73080 73080 102811537 213120 293311 276504 298361 414745 1496041 213120 293311 276504 298361 414745 1496041 66236 62320 18514 73838 220908 19229856 18550603 18084964 24202029 24534114 104601566 0.98290 0.96030 0.01430 0.02120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12673583 32323 -1579362 370962 64064 10691518 11035474 4214547 -567853 1938848 69737 12673583 8765488 6455601 2171535 6292077 65073 11035474 7740905 1291171 1044194 1252987 57795 8765488 8034494 1060508 422587 1724871 51813 7740905 0.28787 0.71213 0.00000 1 0 2275576 2275576 32796196 17468621 15327575 5641559 2936786 2704773 1667999 1667999 21975923 Fixed income investments 3894276 F 3894276 Beneficial interest in trusts 2691644 Cash surrender value of life insurance policy 23658 2715302 Operating lease liabilities 1049369 1049369 X 23521965 -1041101 54300 860792 -126009 23647974 64065 1387294 1451359 25099333 23663853 54300 431264 485564 23178289 64065 1387294 1451359 24629648 Part V, Line 4: The Y's endowment consists of both donor-restricted endowment funds and funds designated by the Board of Trustees to function as endowments for the following purposes: - Youth development - Healthy living - Social Responsibility Net assets associated with endowment funds, including funds designated by the Board of Trustees to function as endowments, are classified and reported based on the existence or absence of donor-imposed restrictions. The endowment fund is intended to provide for the operation and special programs of the Y. In doing so, the endowment fund provides a secure, long-term source of funds to establish or maintain programs that are consistent with the mission of the Y. The Y has adopted investment and spending policies for endowment assets that attempt to provide a predictable stream of funding to programs supported by its endowment while seeking to maintain the purchasing power of the endowment assets. Endowment assets include those assets of donor-restricted funds that the Y must hold in perpetuity or for a donor-specified period(s), as well as board designated funds. Part X, Line 2: The YMCA has received a favorable determination letter from the Internal Revenue Service stating that it is exempt from federal income taxes under Section 501(a) of the Internal Revenue Code of 1986 (IRC), as an organization described in Section 501(c)(3). The YMCA believes that it has appropriate support for the income tax positions taken and to be taken, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. Management has evaluated the YMCA's tax positions and concluded the YMCA has maintained its tax-exempt status, does not have any significant unrelated business income, has taken no significant uncertain tax positions that require disclosure in the accompanying financial statements and has no material liability for unrecognized tax benefits. Part XI, Line 2d - Other Adjustments: Change in beneficial interest in trust 369,336. Change in value of interest rate swap 60,192. Cost of goods sold 83,308. Rental expenses 347,956. Part XI, Line 4b - Other Adjustments: Individual financial assistance programs 1,387,294. Part XII, Line 2d - Other Adjustments: Cost of goods sold 83,308. Rental expenses 347,956. Part XII, Line 4b - Other Adjustments: Individual financial assistance programs 1,387,294. 20808 2500 0 0.00000 20808 2500 2500 18308 NH 1 0 1 0 0.00000 1.00000 Kathy Kittle CFO 670 N Commercial Street Suite 103 Manchester NH 03101 1 18308 2500 Granite State Poker Alliance LLC 1279 S Willow Street Manchester NH 03103 Granite State Poker Alliance LLC 2500 See supplemental information. X 0 Form 990, Schedule G, Part III, Gaming: The Y is reporting gaming activity income on this Form 990, Schedule G, due to revenues received from a casino and gambling institution conducted indirectly and on behalf of The Y. Under New Hampshire Law RSA 287-D, NH-based institutions may conduct gaming, casino, and gambling activities within New Hampshire State borders if a portion of income from such activity is redistributed to qualified and registered charitable institutions. During the year ending May 31, 2023, and in accordance with RSA 287-D, The Y filed an application with the NH Gaming Regulatory Oversight Authority and the applicable filing fee to be eligible to receive a percentage of registered gaming income from such casino and gaming institutions. The Y then contracted with Granite State Poker Alliance LLC (the "Casino") to engage in such an arrangement. The Casino generated gross revenue during this period of $59,450. $20,808 of this total was paid to The Y, subject to a $2,500 fee charged to The Y for facility rental and maintenance fees. The Y did not oversee, manage, coordinate, or participate in any of the Casino's gaming operations. Aside from registering with the applicable State Departments and complying with RSA 287-D, The Y had very minimal interaction in this activity. Accordingly, the Casino would meet the definition of a third-party engaged gaming manager, as required to be reported on this Form 990, Schedule G, Part III. 1 Financial Assistance - Healthy Living programs 3569 360306 Financial Assistance - Youth Development programs 8238 415973 Financial Assistance - Social Responsibility programs 362 611015 Part I, Line 2: As a charitable nonprofit organization, The Y is committed to ensuring that every community member has the ability to achieve their full potential. Our flexible membership program enables all individuals and families to become active members or participate in our programs. Our join fees, monthly membership dues, and program fees are assessed on a sliding scale to ensure that anyone can utilize the Y, regardless of income. The Y requests that applicants provide proof of income and need when requesting financial assistance. The Organization may request that applicants show an attending staff member tax records when requesting financial assistance, though such disclosures are not strictly required in cases where sharing this information is difficult or uncomfortable for the applicant. Usage of the Organization's financial assistance programs is determined by measuring class attendance, facility use and access, and other general participation records relative to member applications for aid. X X X X 0 0 0 0 0 0 0 1 0 Michele Sheppard President/CEO 224018 0 7500 0 258 0 16761 0 16739 0 265276 0 0 0 Kathy Kittle CFO 149013 0 5000 0 198 0 0 0 15342 0 169553 0 0 0 Part I, Line 7 The Organization may from time-to-time pay its executives and key employees performance bonuses or other non-fixed payments based on determined and measurable metrics and upon the successful completion of clearly defined objectives. Bonuses paid to the Organization's CEO are subject to the Organization's compensation review policies as outlined in the governing documents and by the Executive and Compensation Committees. A NH Health & Education Facilities Authority 020279866 64461RFW3 2007-10-04 3800000 Property and capital 0 0 0 A 2695000 3800000 3800000 2008 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 1 1 1 CITIZENS BANK 21.000000000000 0 0 0 0 1 A 1 Kellie Wardman Trustee 168649 Kellie Wardman served as a Trustee on the Organization's Board during the period covered by this Form 990. Ms. Wardman's spouse is the owner of Alpine Business Solutions, which provides IT and technology support solutions. During calendar year 2022, Granite YMCA paid Alpine Business Solutions $168,649 for IT support, hardware repairs, and related technology services. The amount paid to Alpine Business Solutions was deemed by the Organization to be reasonable and commensurate with the fair market value for the services received and the quality thereof. The Organization entered into the transaction with Alpine Business Solutions in accordance with its Conflict-of-Interest Disclosure Policies. 0 Form 990, Part III, line 2 Over the past most recent tax years, The Y assisted the Somersworth Early Learning Center (the "Center") in the management of its wind-down activities and ultimate dissolution. The Center offered child care programs for infants, toddlers, preschoolers, and pre-k kids, a mission similar to The Y's. Rather than see these services disappear from its community, The Y coordinated with the Center to ensure that the Center's programs would be merged into and become part of The Y's operations upon the Center's termination. The Center filed its Final Form 990 and Articles of Dissolution for the year ending May 2023. Effective June 1, 2023, the merger was effectuated. The receipt of these net assets and the incorporation of the Center's activities will be reported in full on the Y's Form 990 for its year ending May 31, 2024. Form 990, Part VI, Section A, line 6 The Y is committed to a culture of diversity, equity and inclusion. Accordingly, all persons are welcome to become members of The Y programs and facilities; membership is open to all and financial assistance is available for those who cannot afford the full membership fee. The Y Board of Directors ("Board of Directors or "Board") may establish categories, criteria, fees, and requirements for membership. Additionally, The Y reserves the right to remove membership status for those whose behavior does not conform to organizational requirements, including The Y's core values of caring, honesty, respect, and responsibility. The Y has different levels of membership that is set in accordance with the YMCA of the USA, and such different levels determines a member's ability to interact with the Y's governing body; see the disclosure on this Schedule O for Part VI, Line 7a, for additional information. Form 990, Part VI, Section A, line 7a Members of the Organization who pay dues to the YMCA of the USA have the right to elect members of the Organization's Board, but do not receive any distributions of income or assets from the Organization in return for this responsibility. Individuals who only pay to maintain a membership at the Organization's various health and fitness facilities are not able to elect, appoint, or vote for members of the Organization's governing body, unless such persons are also qualified dues-paying members of the YMCA of the USA. Form 990, Part VI, Section B, line 11b For the year covered by this Form 990, The Y engaged an independent public accounting firm to perform an audit of its financial statements and to subsequently assist in the preparation and filing of its annual Form 990. In accordance with The Y's bylaws, the audit of The Y's financial statements and the preparation and filing of its annual tax returns are subject to the oversight of chief management and finance personnel, as well as the Organization's audit and finance committees. A draft of the Form 990 is prepared by the independent accountants and provided to the Organization for its review and consideration prior to filing; the Form 990 will only be filed with the IRS once the Organization's management has reviewed and approved the filing and after a copy of the Form 990 was made available to all active Board members. Form 990, Part VI, Section B, line 12c The Board of Directors has adopted a Conflict-of-Interest Policy and briefs the Board annually on its provisions. Copies of the Policy and disclosures of potential conflicts are reviewed at regularly scheduled meetings of the Board. The Organization's Conflict of Interest Policy makes clear that conflicts of interest are prohibited, and any Director found to have engaged in a conflict of interest may be removed from the Board. Pecuniary Benefit Transactions, as defined by NH RSA 7:19-a, between Directors or officers and the corporation, shall be allowed if they are considered and approved under the provisions of that statute, with all the legal notices, publication and votes required for approval each fiscal year (for example, in accordance with State law, the Organization publishes in the local newspapers names of persons who have an interest, relationship, or conflict valued $5,000 or more). Annually, individual Directors shall disclose potential conflicts of interest in writing to the Chief Executive Officer, the Chair of the Board of Directors, and the Governance Committee. Any issues found to represent a potential conflict are discussed and voted on by the independent, disinterested Directors. Form 990, Part VI, Section B, line 15 The Board shall employ a Chief Executive Officer who meets the qualifications required by the National Council. The Board shall determine a compensation that satisfies the IRS rebuttable presumption test: 1) review and approval by independent persons; 2) comparability data; and 3) contemporaneous substantiation of its deliberations and decision. The Board of Directors shall review the performance of the CEO annually against measurable goals and outcomes and give input where appropriate. The CEO shall report to the Board of Directors on all matters affecting The Y and shall perform such other duties as are assigned by the Board of Directors. All other employees of The Y shall be hired by the CEO in accordance with the policy set by the Board of Directors. Form 990, Part VI, Section C, line 19 Copies of the Organization's governing documents, conflict of interest policy, and financial statements are made available to the publich upon request and in accordance with applicable law. Form 990, Part XI, line 9: Change in beneficial interest in trust 369,336. Change in value of interest rate swap 60,192. Real estate appraisal fair market value adjustment 3,842,324. Form 990, Part XII, Line 2c: For its year ending May 30, 2023, the Y engaged Baker Newman Noyes, an independent public accounting firm, to perform an audit of its financial statements. In accordance with The Y's bylaws, the audit of The Y's financial statements were subject to the oversight of chief management employees and the Organization's Audit Committee. The Audit Committee consists of three to five members with the majority being composed of non-Directors. The Audit Committee reports directly to the The Y's Board and may also attend the Finance Committee meeting. Throughout the audit of The Y's financial statements, The Audit Committee maintained, by way of regularly scheduled meetings, a direct line of communication between the Board of Directors and Baker Newman Noyes. The Committee also met with the auditors prior to the start of the audit and at the end of the audit to review results. Upon completion of a draft of the fiscal year 2023 financial statements, the Committee made its recommendation to the Board of Directors to accept the statements as drafted, from which the Board ultimately issued a vote to accept and issue the financial statements (which were, in turn, utilized during the completion of this Form 990). Charitable Remainder Trusts (6) Charitable beneficiary distributions NH N/A T 2691644 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0