2023-05-12T15:50:03-05:00 2022-12-31 251637458 LOUIS PLUNG & COMPANY LLP 420 FT DUQUESNE BLVD STE 1900 PITTSBURGH PA 15222 990 2022-01-01 203139411 BEAVER COUNTY YMCA ENDOWMENT FOUNDATION BEAV 7248472200 2236 THIRD AVENUE NEW BRIGHTON PA 15006 MICHAEL B HARICH CEO 7248472200 2023-05-11 1 MICHAEL HARICH 999009999 0 MARC LEVINE P01305390 4122818771 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHAEL B HARICH 2236 THIRD AVENUE NEW BRIGHTON PA 15006 1808624 0 X WWW.BEAVERCOUNTYYMCA.ORG X 2005 PA TO ASSURE THE LONG TERM VIABILITY OF THE BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION. 5 4 0 0 0 0 0 0 0 0 459055 115719 76968 302500 536023 418219 0 0 0 0 0 0 0 0 0 30425 28141 30425 28141 505598 390078 4948267 4562458 0 0 4948267 4562458 TO ASSURE THE LONG TERM VIABILITY OF THE BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION. 0 0 TO ASSURE THE LONG TERM VIABILITY OF THE BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION. 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIAITON 7248472200 2236 THIRD AVENUE NEW BRIGHTON PA 15066 BILL PARISE DIRECTOR 1.00 X 0 0 0 KEN MCGAFFIC DIRECTOR 1.00 X 0 0 0 RYAN WOODSKE DIRECTOR 1.00 1.00 X 0 0 0 MIKE HARICH DIRECTOR 1.00 40.00 X 0 147961 23471 DAVID SUMMERS CHAIRMAN/PRESIDENT 1.00 2.00 X X 0 0 0 0 147961 23471 0 0 1 0 0 73909 73909 1432215 1390405 41810 41810 41810 BEAVER COUNTY YMCA FUNDING 900003 302500 302500 302500 418219 344310 0 73909 27987 27987 FOREIGN TAX EXPENSE 154 154 28141 0 28141 0 663276 746890 6910 7181 4278081 3808387 4948267 4562458 0 0 X 4948267 4562458 4948267 4562458 4948267 4562458 390078 -775888 0 X X 0 1 X 1 0 X X 1 BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION 250993391 10 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 4798268 302500 -660169 28141 4412458 4178097 76968 573628 30425 4798268 3760944 2514 437399 22760 4178097 3159307 54807 572186 25356 3760944 3282172 105661 -203686 24840 3159307 1.00000 0 0 0 X -385810 -775888 -775888 390078 28141 28141 418219 0 0 0 28141 28141 28141 PART V, LINE 4: THE BOARD OF DIRECTORS DESIGNATED $4,412,458 AND $4,798,268 AS OF DECEMBER 31, 2022 AND 2021, RESPECTIVELY, OF UNRESTRICTED NET ASSETS AS A GENERAL ENDOWMENT FUND TO SUPPORT THE FUTURE PURCHASE OF EQUIPMENT AND RENOVATIONS TO THE BEAVER COUNTY YMCA BUILDING. THE BOARD HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR ONLY FUNDS NEEDED IN AN EMERGENCY SITUATION AND PLANS ON RETAINING FUNDS IN THE BOARD DESIGNATED ENDOWMENT FOR GROWTH. IN ESTABLISHING THIS POLICY, THE ORGANIZATION CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVEST ASSETS, THE NATURE AND EXPECTED DURATION OF ITS ENDOWMENT FUNDS, AND THE POSSIBLE EFFECT OF INFLATION. THE ORGANIZATION EXPECTS THE CURRENT SPENDING POLICY TO ALLOW ITS ENDOWMENT FUNDS TO GROW AT A NOMINAL AVERAGE RATE OF APPROXIMATELY 3% ANNUALLY. THIS IS CONSISTENT WITH THE ORGANIZATION'S OBJECTIVE TO MAINTAIN THE PURCHASING POWER OF ITS ENDOWMENT ASSETS AS WELL AS TO PROVIDE REAL GROWTH THROUGH NEW GIFTS AND RETURN ON INVESTMENTS. PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2022 AND 2021. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAVE BEEN CLASSIFIED AS ORGANIZATIONS OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAVE ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2022 AND 2021. THE ORGANIZATION'S POLICY IS TO CLASSIFY ANY INCOME TAX RELATED INTEREST AND PENALTIES TO INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE IS CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. 0 0 0 0 0 0 0 0 0 MIKE HARICH DIRECTOR 0 147961 0 0 0 0 0 18060 0 5411 0 171432 0 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWED THE FORM 990 IN DRAFT FORM AND DISTRIBUTED IT TO THE BOARD. BEAVER COUNTY YMCA ENDOWMENT FOUNDATION'S AUDITOR THEN FILED THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C THE BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION'S BOARD HAS APPROVED A WRITTEN CONFLICT OF INTEREST POLICY THAT DEFINES CONFLICTS OF INTEREST AND DISCLOSURE REQUIREMENTS. EACH SIGNIFICANT PERSON IS REQUIRED TO SUBMIT THE CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS, AND TO DISCLOSE ALL MATERIAL FACTS. THE BOARD REVIEWS RESPONSES TO THE ANNUAL QUESTIONNAIRE, AND DETERMINES IF ANY INTEREST GIVES RISE TO A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE BEAVER COUNTY YMCA ENDOWMENT FOUNDATION WILL MAKE FORM 1023 AND FORM 990 AVAILABLE TO THE PUBLIC UPON REQUEST, AND WILL MAKE THE FORMS AVAILABLE FOR PUBLIC INSPECTION AT BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION'S (YMCA) OFFICE. THE BEAVER COUNTY YMCA ENDOWMENT FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AT BEAVER COUNTY YMCA'S OFFICE. FORM 990, PART XII, LINE 2C BEAVER COUNTY YOUNG CHRISTIAN ASSOCIATION'S (YMCA) BOARD CHARTERED A FINANCE COMMITTEE WITH SPECIFIC POWERS AND DUTIES RELATING TO BEAVER COUNTY YMCA'S INDEPENDENT AUDIT PROGRAM. THE COMMITTEE MEETS IN A REGULAR BASIS AND PROVIDES ACTIVE OVERSIGHT TO BEAVER COUNTY YMCA'S FINANCIAL ACTIVITIES. THE BEAVER COUNTY YMCA BOARD OF DIRECTORS IS DIRECTLY AND SOLELY RESPONSIBLE FOR THE APPOINTMENT AND DISMISSAL, EVALUATION, COMPENSATION, AND OVERSIGHT OF BEAVER COUNTY YMCA'S INDEPENDENT ACCOUNTANT. BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION 2236 THIRD AVENUE NEW BRIGHTON PA 15066 250993391 PROGRAMS PA 501(C)(3) LINE 10 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 BEAVER COUNTY YOUNG MENS CHRISTIAN ASSOCIATION C 302500 CASH