2024-08-27T07:40:14-05:00 2023-12-31 161092347 MENGEL METZGER BARR & CO LLP 11 BRITISH AMERICAN BLVD LATHAM NY 12110 990 2023-01-01 135604788 SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING SILV 5184388501 87 SILVER BAY ROAD SILVER BAY NY 12874 PETER DOLIBER CEO 5184388501 2024-08-15 1 0 CHRISTOPHER J HEALY CPA P02180941 5187850134 2023 2024-08-08 14:25:15Z PETER DOLIBER 87 SILVER BAY ROAD SILVER BAY NY 12874 17461470 0 X WWW.SILVERBAY.ORG X 1941 NY SEE SCHEDULE O 18 18 265 141 0 0 4307809 4500413 4213425 4570355 1744380 1498283 108094 156950 10373708 10726001 14800 30782 0 0 4481786 5391737 0 0 276363 4800193 5188119 9296779 10610638 1076929 115363 46052135 45966104 4307020 3556236 41745115 42409868 X SEE SCHEDULE O 0 0 8847682 30782 4570355 SEE SCHEDULE O 8847682 1 1 0 1 0 1 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 1 265 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X MALETTA HOURIGAN 5184388501 87 SILVER BAY ROAD SILVER BAY NY 12874 DAVID KAISER TRUSTEE 1.00 X 0 0 0 STEPHANIE WAGONER TRUSTEE 1.00 X 0 0 0 THOMAS SCHAFFER TRUSTEE 1.00 X 0 0 0 PAUL NASRANI TRUSTEE 1.00 X 0 0 0 JACK MANGIANTE TRUSTEE 1.00 X 0 0 0 BETH WHITAKER TRUSTEE 1.00 X 0 0 0 MICHELLE HAY TRUSTEE 1.00 X 0 0 0 KATHY WILSON TRUSTEE 1.00 X 0 0 0 JEREMY FISCHER TRUSTEE 1.00 X 0 0 0 HOWARD CRUSEY TRUSTEE 1.00 X 0 0 0 DENISE CARTER TRUSTEE 1.00 X 0 0 0 PAUL BELL TRUSTEE 1.00 X 0 0 0 MELISSA ADAMS TRUSTEE 1.00 X 0 0 0 DAVID GRAY TRUSTEE 1.00 X 0 0 0 JONATHAN LOANE TREASURER & VICE CHAIR 1.00 X X 0 0 0 MORRIS PETERS SECRETARY 1.00 X X 0 0 0 ELISE WALTON VICE CHAIR 1.00 X X 0 0 0 JOEL WATTENBARGER CHAIR 1.00 X X 0 0 0 MALETTA HOURIGAN CFO 40.00 X 113140 0 24889 PETER DOLIBER CEO 40.00 X 173197 0 39907 286337 0 64796 2 0 1 0 0 347453 69725 4083235 4500413 CONFERENCE FEES 721110 2317382 2317382 GUEST REVENUE 721110 1838079 1838079 PROGRAM REVENUE 721110 414894 414894 4570355 472611 472611 7701351 6675679 1025672 1025672 1025672 216740 59790 156950 156950 10726001 4570355 0 1655233 30782 30782 351133 351133 4200784 3542704 512929 145151 169763 135649 30479 3635 364179 298445 45479 20255 305878 240265 55449 10164 7838 7838 29375 29375 49770 49770 29072 29072 282865 282865 72690 58571 10387 3732 115109 115109 1394673 1394673 283933 283933 PROGRAMS 578579 578579 FOOD PURCHASES 563303 563303 EQUIPMENT MAINTENANCE 513078 325797 187281 BUILDINGS - REPAIRS AND 236498 236498 1031336 760509 177401 93426 10610638 8847682 1486593 276363 22997 21837 3983423 2604813 5295 4295 12744 8671 92431 81449 99331 104726 45520330 17739036 28295863 27781294 13524708 15350265 15343 8754 46052135 45966104 278281 365145 647787 677070 3365609 2505267 15343 8754 4307020 3556236 X 35118002 35487044 6627113 6922824 41745115 42409868 46052135 45966104 X 115363 834983 -130694 -154899 X 0 1 X 1 0 X 4728412 5678602 4958583 4307809 4500413 24173819 4728412 5678602 4958583 4307809 4500413 24173819 10636242 13537577 392493 352866 634598 398294 472611 2250862 203000 17192 175465 181847 216740 794244 27218925 16959165 0.49740 0.48590 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENTS REVENUE - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. INSURANCE PROCEEDS - 2020 AMOUNT: $ 4,632. 2021 AMOUNT: $ 57,398. 2022 AMOUNT: $ 19,313. SALES OF INVENTORY - 2019 AMOUNT: $ 203,000. 2020 AMOUNT: $ 12,560. 2021 AMOUNT: $ 118,067. 2022 AMOUNT: $ 162,534. 2023 AMOUNT: $ 216,740. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 1 2717 0 0 0 2717 0 PART II-B - DESCRIPTION OF LOBBYING ACTIVITY SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING (DOING BUSINESS AS SILVER BAY YMCA) DOES NOT DIRECTLY ENGAGE IN LOBBYING EFFORTS. APPROXIMATELY 30% OF OUR ANNUAL DUES PAID TO THE ALLIANCE OF NEW YORK STATE YMCAS, INC. ARE USED BY THE ALLIANCE FOR LOBBYING ACTIVITIES. 1 58501 663823 6546802 1 1 1327211 81959 1409170 1174211 153000 1327211 927601 246610 1174211 699893 227708 927601 487458 212435 699893 1.00000 0 0 199581 199581 37263969 15126865 22137104 7995280 2612171 5383109 61500 61500 27781294 OPERATING LEASE PAYABLE 8754 8754 X 11363733 834983 7418 -154899 687502 10676231 49770 49770 10726001 10568286 7418 7418 10560868 49770 49770 10610638 PART X, LINE 2: UNDER ACCOUNTING STANDARDS CODIFICATION (ASC) SECTION 740, THE TAX STATUS OF TAX-EXEMPT ENTITIES IS AN UNCERTAIN TAX POSITION, SINCE EVENTS COULD POTENTIALLY OCCUR THAT JEOPARDIZE THEIR TAX-EXEMPT STATUS. MANAGEMENT OF THE ASSOCIATION IS NOT AWARE OF ANY EVENTS THAT COULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. THEREFORE, NO LIABILITY OR PROVISION FOR INCOME TAX HAS BEEN REFLECTED IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT -154,899. PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND THE ENDOWMENT DISTRIBUTION POLICY DENIES WITHDRAWAL OF THE INITIAL GIFT. THE ASSOCIATION'S POLICY PERMITS A SPENDING OF INCOME AND INVESTMENT APPRECIATION FOR PURPOSES DESIGNATED BY THE DONORS. 1 EAF SCHOLARSHIPS 6 12000 PETER NEAL SCHOLARSHIPS 6 4800 TIMMERMAN AWARDS 2 2000 LEADERSHIP SCHOLARSHIPS 5 11982 PART I, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANTS FUNDS IN U.S. SCHOLARSHIPS GRANTED TO INDIVIDUALS ARE MEANT TO FURTHER THE CHARITABLE PURPOSE OF SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING (DOING BUSINESS AS SILVER BAY YMCA). X 1 0 X X X X X X 0 0 0 0 0 0 0 0 0 PETER DOLIBER CEO 173197 0 0 0 0 0 18200 0 21707 0 213104 0 0 0 PART I, LINE 1A THE CEO LIVES ON CAMPUS AND DOES NOT RECEIVE A HOUSING ALLOWANCE. THE CEO PAYS $6,240 PER YEAR FOR THIS BENEFIT. FORM 990, PART I, LINE 1 - ORGANIZATION MISSION OR SIGNIFICANT ACTIVITIES SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING (DOING BUSINESS AS SILVER BAY YMCA) IS A CHARITABLE ORGANIZATION THAT SERVES INDIVIDUALS, FAMILIES, AND CONFERENCES REGARDLESS OF FAITH, RELIGION, GENDER, ETHNICITY, SEXUAL ORIENTATION, OR ABILITY TO PAY FULL COSTS WITH OPPORTUNITIES TO RENEW, REFRESH, AND NUTURE THEIR SPIRIT, MIND, AND BODY. SILVER BAY IS DEDICATED TO YOUTH DEVELOPMENT, HEALTHY LIVING, AND SOCIAL RESPONSIBILITY. FORM 990, PART III, LINE 1 - ORGANIZATION MISSION SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING'S (DOING BUSINESS AS SILVER BAY YMCA) MISSION IS TO FOSTER RELATIONSHIPS, STRENGTHEN COMMUNITIES, AND NURTURE SPIRIT, MIND, AND BODY FOR ALL. IMPACT: BECAUSE OF SILVER BAY YMCA, PERSONAL AND FAMILY BONDS ARE STRONGER. PEOPLE ARE MORE CONNECTED, RESPECTFUL, AND CARING. THEY HAVE THE CONFIDENCE TO DEVELOP TO THEIR FULL POTENTIAL; AND TO POSITIVELY IMPACT THE COMMUNITIES IN WHICH THEY WORK AND LIVE. AS A RESULT, COMMUNITIES ARE MORE DYNAMIC, INCLUSIVE AND DIVERSE. AS STEWARDS OF LAKE GEORGE, WE INSPIRE PEOPLE TO BE STEWARDS OF THE ENVIRONMENT WHILE THEY ARE VISITING OUR MAGNIFICENT CAMPUS AND IN THEIR HOME COMMUNITIES. FORM 990, PART III, LINE 4A - PROGRAM SERVICE ACCOMPLISHMENTS FOR OVER 122 YEARS, SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCES AND TRAINING (DOING BUSINESS AS SILVER BAY YMCA) HAS BEEN A LOCATION FOR CHURCHES, SCHOOLS, AND OTHER NON-PROFIT ORGANIZATIONS TO GATHER FOR CONFERENCES AND RETREATS. SILVER BAY NOT ONLY PROVIDES ROOM AND BOARD FOR CONFERENCES, BUT SUPPORTS THEM WITH MANY PROGRAMS AND ACTIVITIES WHICH IMPACT PARTICIPANTS IN THE FOLLOWING WAYS: -DEVELOP WHOLESOME AND SOCIALLY RESPONSIBLE VALUES FOR DAILY LIVING, DEVELOPS MORAL AND ETHICAL BEHAVIOR BASED ON CHRISTIAN PRINCIPLES. AS A YMCA, WE ARE FOR YOUTH DEVELOPMENT, FOR HEALTHY LIVING, AND FOR SOCIAL RESPONSIBILITY. -ON YOUTH DEVELOPMENT: OUR YMCA IS COMMITTED TO NURTURING THE POTENTIAL OF EVERY CHILD AND TEEN. WE BELIEVE THAT ALL YOUTHS DESERVE THE OPPORTUNITY TO DISCOVER WHO THEY ARE AND WHAT THEY CAN ACHIEVE TO THEIR FULLEST POTENTIAL. WE STRIVE TO HELP YOUNG PEOPLE CULTIVATE THE VALUES, SKILLS, AND RELATIONSHIPS THAT LEAD TO POSITIVE BEHAVIORS, BETTER HEALTH, AND EDUCATIONAL ACHIEVEMENT. OUR YMCA PROGRAMS OFFER A RANGE OF EXPERIENCES THAT ENRICH COGNITIVE, SOCIAL, PHYSICAL, AND EMOTIONAL GROWTH. EXPENSES INCLUDE SUBSIDIES AND DIRECT FINANCIAL ASSISTANCE THAT MAKE PARTICIPATION POSSIBLE FOR THE YOUNG PEOPLE WE ENGAGE. -HEALTHY LIVING: THE YMCA IS A LEADING VOICE ON HEALTH AND WELL-BEING. WE CREATE OPPORUNITIES FOR FAMILIES TO COME TOGETHER, TO ENRICH THEIR RELATIONSHIPS, ENCOURAGE GOOD HEALTH, AND DEEPEN THEIR FAITH AND FOSTER CONNECTIONS THROUGH FITNESS, SPORTS, FUN, AND SHARED INTERESTS. AS A RESULT, PEOPLE IN OUR COMMUNITY, LOCALLY AND GLOBALLY, ARE RECEIVING THE SUPPORT, GUIDANCE, AND RESOURCES THEY NEED TO ACHIEVE GREATER HEALTH IN SPIRIT, MIND, AND BODY. THIS IS PARTICULARLY IMPORTANT AS OUR NATION STRUGGLES WITH AN OBESITY CRISIS, FAMILIES STRUGGLE WITH WORK/LIFE BALANCE, CHILDREN STRUGGLE WITH FINDING THEIR OWN IDENTITY IN AN INCREASINGLY COMPLEX WORLD AND INDIVIDUALS SEARCH FOR PERSONAL FULFILLMENT. OUR PROGRAMS ARE ACCESSIBLE, AFFORDABLE, AND OPEN TO ALL FAITHS, BACKGROUNDS, ABILITIES, AND INCOME LEVELS; WE ARE OPEN TO ALL PEOPLE. WE PROVIDED FINANCIAL ASSISTANCE TO PEOPLE WHO OTHERWISE WOULD HAVE FACED ECONOMIC BARRIERS TO PARTICIPATE. -ON SOCIAL RESPONSIBILITY; OUR YMCA BELIEVES IN GIVING BACK AND SUPPORTING OUR NEIGHBORS. WE HAVE BEEN LISTENING AND RESPONDING TO OUR COMMUNITY'S MOST CRITICAL SOCIAL NEEDS FOR MORE THAN 122 YEARS. WE OFFER VARIOUS YMCA PROGRAMS WHICH INCLUDE; AFTER SCHOOL TUTORING, ARTS AND CRAFTS AND PHYSICAL ACTIVITIES AND "SAFE HARBOR" ACTIVITIES (WHILE PARENTS ARE WORKING); VARIOUS SPIRITUAL LIFE ACTIVITIES (NO COST CLERGY RESPITE, MEN'S AND WOMEN'S PRAYER GROUPS, BOOK STUDY, SPIRITUAL MENTORSHIP, GRIEF COUNSELING, CHURCH SERVICES, MARRIAGE CEREMONIES AND FUNERAL SERVICES, BAPTISMS AND OTHER RELIGIOUS/SPIRITUAL SERVICES); NO-COST MILITARY RESPITE FOR VETERANS (AND THEIR FAMILIES) RETURNING FROM OVERSEAS DEPLOYMENT; NO-COST RESPITE FOR PEOPLE UNDERGOING CANCER TREATMENT. THESE ARE SOME EXAMPLES OF HOW WE DELIVER TRAINING, RESOURCES, AND SUPPORT THAT EMPOWER OUR NEIGHBORS TO AFFECT CHANGE, BRIDGE GAPS, AND OVERCOME OBSTACLES. PROGRAMS: BROOKSIDE TRINITY RESPITE PROGRAM SERVES AS A PASTOR'S RESPITE CENTER OFFERING ROOM, BOARD, AND PERSONAL SPACE FOR STUDY AND PRAYER. SUPPORT SERVICES AND ACTIVITIES ARE ALSO PROVIDED FOR IMMEDIATE FAMILY MEMBERS AT NO COST TO THE INDIVIDUAL. APPROXIMATELY 814 PEOPLE SERVED. SPIRITUAL LIFE PROGRAMS PROVIDE A WIDE VARIETY OF SUPPORT SERVICES INCLUDING PASTORAL COUNSELING, CAREER COUNSELING, MARRIAGE RECOVERY, WORSHIP SERVICES, WEDDINGS, MEMORIAL SERVICES, CLASSES, GRIEVING, AND PRAYER GROUPS. APPOXIMATELY 5,380 INDIVIDUALS SERVED. DUE TO COVID-19, SPIRITUAL LIFE HELD MONTHLY DEVOTIONALS AND WORSHIP SERVICE VIRTUALLY. APPROXIMATELY 3,208 PEOPLE VIEWED. -SILVER BAY YMCA OFFERS A NO COST RESPITE GETAWAY TO INDIVIDUALS AND FAMILIES AFFECTED BY CANCER. WE PARTNER WITH SEVERAL HEALTH CARE INSTITUTIONS INCLUDING GLENS FALLS HOSPITAL AND HUDSON HEADWATERS HEALTH NETWORK INC., WHO IDENTIFY PATIENTS IN NEED, AND SILVER BAY YMCA IN TURN PROVIDES THE FOOD, LODGING AND ACTIVITIES AT NO COST. MORE THAN 41 INDIVIDUALS/FAMILIES RECEIVED SERVICES. THE PROGRAMS GIVE INDIVIDUALS/FAMILIES THE OPPORTUNITY TO RECONNECT, GROW SPIRITUALLY, MENTALLY, AND EMOTIONALLY DURING A VERY DIFFICULT TIME IN THEIR LIVES. THE SERVICES ARE VALUED AT APPROXIMATELY $6,640. -SILVER BAY YMCA OFFERS ACTIVE-DUTY MILITARY PERSONNEL AND THEIR FAMILIES THE OPPORTUNITY TO PARTICIPATE IN OUR PROGRAMS AT NO COST TO THEM. 15 INDIVIDUALS HAD THE OPPORTUNITY TO RENEW AND RELAX IN AN ATMOSPHERE THAT PROVIDED PROGRAMMING THAT HELPED INDIVIDUALS TO USE OUR PROGRAMS, RECONNECT WITH THEIR FAMILIES BEFORE OR AFTER DEPLOYMENT; ALLOWED USE OF FACILITIES TO HELP THE INDIVIDUALS FIND COMFORT THROUGH OUR SPIRITUAL PROGRAMS AND TO GROW BOTH MENTALLY AND EMOTIONALLY. THE SERVICES ARE VALUED AT APPROXIMATELY $2,415. -AS PART OF SILVER BAY YMCA'S MISSION TO HAVE A POSITIVE IMPACT ON ITS COMMUNITY, SILVER BAY OFFERS THE VACATIONS MADE POSSIBLE PROGRAM, WHICH PROVIDES LOCAL FAMILIES WHO MAY NOT HAVE THE FINANCIAL ABILITY TO ENJOY A VACATION IN THE ADIRONDACKS WITH THE OPPORTUNITY FOR REST AND RENEWAL. UNDERSTANDING THE UNIQUE CHALLENGES THAT THESE FAMILIES FACE, SILVER BAY YMCA IS HONORED TO PROVIDE THIS OPPORTUNITY AT NO COST, GIVING THESE FAMILIES THE OPPORTUNITY TO RECONNECT WITH ONE ANOTHER AND ENJOY A REPRIEVE FROM THE STRESSES ASSOCIATED WITH EVERYDAY LIFE. IN ADDITION, SILVER BAY YMCA EXPANDED VACATIONS MADE POSSIBLE TO INCLUDE INDIVIDUALS AND FAMILIES WHO HAVE PROVIDED ESSENTIAL SERVICES TO PATIENTS AND PEOPLE THROUGHOUT THE COVID-19 PANDEMIC, OR WHO HAVE SUFFERED FINANCIALLY AS A RESULT OF THE COVID-19 PANDEMIC. APPROXIMATELY 6 INDIVIDUALS WERE SERVED, VALUED AT APPROXIMATELY $764. -SILVER BAY YMCA OFFERS A FOSTER AND ADOPTIVE FAMILY RETREAT PROGRAM TO GIVE FAMILIES WHO ARE CURRENTLY FOSTERING OR HAVE RECENTLY ADOPTED THE OPPORTUNITY TO GET TO KNOW EACH OTHER AND BOND IN A SAFE AND FRIENDLY ENVIRONMENT. APPROXIMATELY 30 INDIVIDUALS WERE SERVED, VALUED AT APPROXIMATELY $3,934. -DAY CAMP IS PROVIDED DURING THE SUMMER MONTHS TO PROVIDE YOUTH WITH SAFE, WHOLESOME AND POSITIVE ACTIVITIES THAT FOCUS ON THE CORE VALUES OF CARING, HONESTY, RESPECT, AND SOCIAL RESPONSIBILITY. THIS PROGRAM ALSO BENEFITS WORKING PARENTS BY RELIEVING THE STRESS OF BALANCING WORK AND LIFE ISSUES KNOWING THEIR CHILDREN ARE IN A SAFE AND POSITIVE ENVIRONMENT. MORE THAN $27,338 IN SCHOLARSHIPS WAS PROVIDED FOR THIS PROGRAM. APPROXIMATELY 365 CHILDREN SERVED DURING THE SUMMER SEASON. -THE SILVER BAY YMCA TEEN CENTER IS A SAFE AND WHOLESOME PLACE FOR YOUTH, WHERE STUDENTS INTERACT WITH THEIR PEERS ON A LEVEL PLAYING FIELD, CARING ADULTS PROVIDE A SAFETY NET OF SUPPORTIVE SERVICES, FUN, FELLOWSHIP, SELF-DISCOVERY FLOURISH. STUDENTS HAVE ACCESS TO A VARIETY OF RECRETIONAL ACTIVITIES: FROM OPEN GYM TO ARTS AND CRAFTS, HOMEWORK HELP, AND THE YMCA LEADERS CLUB PROGRAM. THIS PROGRAM IS AVAILABLE TO ANY TEEN IN THE NORTH COUNTRY IN GRADES 6 THROUGH 12 AT NO COST. THE TEEN CENTER IS ALSO MADE AVAILABLE TO OTHER COMMUNITY GROUPS AT NO COST FOR ACTIVITIES THAT INCLUDE: SENIOR CITIZEN RECREATIONAL ACTIVITIES AND COMMUNITY YOUTH TEAM SPORT TRAINING AND PRACTICE. APPROXIMATELY 200 YOUTH PARTICIPATED IN THE PROGRAM. -YOUTH AND GOVERNMENT IS A PROGRAM THAT DEVELOPS LEADERSHIP ABILITIES AND POLITICAL AWARENESS ABILITIES IN HIGH SCHOOL STUDENTS AND HELPS THEM BECOME GOOD CITIZENS THROUGH LEARNING AND EXPERIENCING OUR DEMOCRATIC LEGISLATIVE PROCESS. ADDITIONALLY, THEY LEARN THE SKILLS OF NEGOTIATING, WRITING AND ORAL DEBATE SKILLS. THIS PROGRAM ALSO GIVES TEENS POSITIVE ROLE MODELS AND HELPS THEM DEVELOP BETTER SELF-ESTEEM, A STRONG WORK ETHIC, GROUP SKILLS, AND AN INTEREST IN CIVIC INVOLVEMENT. APPROXIMATELY 88 YOUTH PARTICIPATED IN THE PROGRAM. -ELEMENTARY THROUGH COLLEGE SCHOOL GROUPS COME TO SILVER BAY FOR TEAM-BUILDING ACTIVITIES THAT HELP YOUTH TO LEARN TO WORK TOGETHER TO ACCOMPLISH GOALS AND BUILD SELF-ESTEEM BY STEPPING OUT OF THEIR COMFORT ZONES AND IDENTIFYING PERSONAL STRENGTHS TO BECOME BETTER LEADERS. APPROXIMATELY 1,386 STUDENTS SERVED. -EDUCATIONAL LECTURES AND LEADERSHIP DEVELOPMENT PROGRAMS ARE PROVIDED TO HELP ADULTS LEARN NEW SKILLS AND BECOME AWARE OF CURRENT ISSUES IN A RAPIDLY CHANGING WORLD. APPROXIMATELY 677 PEOPLE SERVED. -FITNESS CENTER AND HIKING TRAILS ARE PROVIDED YEAR-ROUND TO ENCOURAGE HEALTHY LIFESTYLS FOR ALL AGES. APPROXIMATELY 4,949 PEOPLE SERVED. -LIFETIME ACTIVITIES LIKE CANOEING, ARC HERY, TENNIS, AND EXERCISE CLASSES ARE LEARNED WHICH ENCOURAGE BOTH YOUTH AND ADULTS TO ADOPT HEALTHY LIFESTYLES. APPROXIMATELY 49,350 PEOPLE SERVED. -A NO-COST LENDING LIBRARY FOR PEOPLE OF ALL AGES PROVIDES LEARNING OPPORTUNITIES. APPROXIMATELY 683 PEOPLE SERVED. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY OUR AUDITING FIRM. THE 990 IS THEN REVIEWED BY THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER, AND THE AUDIT COMMITTEE. THEREAFTER, THE 990 IS THEN GIVEN TO THE FULL BOARD OF TRUSTEES FOR REVIEW AND SIGNED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C SILVER BAY YMCA HAS A CONFLICT OF INTEREST POLICY IN PLACE. EACH YEAR THE AUDIT COMMITTEE REQUIRES ALL MEMBERS OF THE BOARD OF TRUSTEES AND KEY EMPLOYEES TO READ AND SIGN OFF ON THE POLICY. THROUGHOUT THE YEAR AS THE ASSOCIATION CONDUCTS BUSINESS; THE CONFLICT OF INTEREST POLICY IS REVIEWED IF THE ASSOCIATION NEEDS TO CONDUCT BUSINESS WITH A BOARD MEMBER OR ONE OF ITS ASSOCIATES. IT IS NOT THE PRACTICE OF THE ASSOCIATION TO CONDUCT BUSINESS WITH A BOARD MEMBER; BUT IF IT IS DEEMED BENEFICIAL AND RESPONSIBLE TO DO SO, SILVER BAY FOLLOWS THE FOLLOWING STEPS: THE BOARD MEMBER INVOLVED IN THE BUSINESS TRANSACTION MUST EXCUSE THEMSELVES FROM ANY DISCUSSION OR RELATED VOTE. THEY MUST UPDATE THEIR CONFLICT OF INTEREST FORM TO NOTE THE EXTENT OF THE BUSINESS AND THE LENGTH OF TIME THE TRANSACTION WILL TAKE PLACE. IF THERE IS A DISCUSSION THAT IS RELEVANT TO THE OPERATIONS OR POLICIES OF THE ASSOCIATION AND A BOARD MEMBER MAY HAVE INFLUENCE OR A DIRECT INVOLVEMENT WITH CIRCUMSTANCE, THEY MUST MAKE ACKNOWLEDGEMENT OF THIS. THEY WILL THEN EXCUSE THEMSELVES FROM THE DISCUSSION AND RELATED VOTE. THE AUDIT COMMITTEE ALSO REVIEWS ALL UPDATE CONFLICT OF INTEREST DISCLOSURES AND INFORMS THE FULL BOARD ACCORDINGLY. IF A CASE WHERE A CONFLICT OF INTEREST IS DEEMED TO CREATE A REAL OR PERCIEVED BENEFIT TO THE DISCLOSURER, THE AUDIT COMMITTEE WOULD MAKE A RECOMMENDATION TO THE FULL BOARD AS TO WHAT ADDITIONAL STEPS ARE NEEDED. FORM 990, PART VI, SECTION B, LINE 15 THE CEO COMPENSATION COMMITTEE REVIEWS AND RECOMMENDS THE COMPENSATION PACKAGE FOR THE CHIEF EXECUTIVE OFFICER. COMPARABLE DATA IS UTILIZED IN THE PROCESS AND RECORDS ARE KEPT OF THE PROCESS. THE FULL BOARD OF TRUSTEES VOTE ON THE COMPENSATION PACKAGE AND GIVES FINAL APPROVAL. THE CEO REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE CFO AND VP POSITIONS. THE CEO AND CFO REVIEWS AND APPROVES THE COMPENSATION PACKAGE FOR THE OTHER EMPLOYEES. A COMPARABLE DATE IS UTILIZED IN THE PROCESS AND RECORDS ARE KEPT OF THE PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S BUSINESS OFFICE LOCATED AT 87 SILVER BAY ROAD, SILVER BAY, NY 2874. INQUIRIES SHOULD BE SENT: ATTENTION: CFO, SILVER BAY YMCA, 87 SILVER BAY ROAD, SILVER BAY, NY 12874. FORM 990, PART XI, LINE 9: LOSS ON EXTINGUISHMENT OF DEBT -154,899.