2025-05-14T14:11:25-05:00 2024-06-30 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2023-07-01 222882549 CITY YEAR INC CITY 6179272507 287 COLUMBUS AVENUE BOSTON MA 021165114 GEORGE CHU CFO 6179272507 2025-05-13 1 0 KRISTIN ANDERSON P01231300 6179881000 2025-05-12 2023 2025-03-06 01:10:19Z JAMES BALFANZ 287 COLUMBUS AVENUE BOSTON MA 021165114 157785122 0 X WWW.CITYYEAR.ORG X 1988 MA SEE SCHEDULE O 16 15 1398 9661 0 0 168123559 156573190 0 0 517936 626899 -426016 -190754 168215479 157009335 34537538 39734597 0 0 103966540 103449098 1214745 1015857 17173543 36618800 38667694 176337623 182867246 -8122144 -25857911 107632955 99136772 27953289 43601862 79679666 55534910 X SEE SCHEDULE O 0 0 79458444 1548511 IN-SCHOOL SERVICEIN FISCAL YEAR 2024, MORE THAN 98% OF CITY YEAR'S 1,976 FULL-TIME PARTICIPANTS SERVED ON TEAMS IN SCHOOLS. MOST OF THEIR 2,628,136 SERVICE HOURS WERE SPENT AS TUTORS, MENTORS, AND ROLE MODELS HELPING CHILDREN IN HIGH-POVERTY SCHOOLS STAY IN SCHOOL AND ON TRACK TO GRADUATE. AS NEAR-PEERS, CORPS MEMBERS ARE UNIQUELY ABLE TO HELP IMPROVE STUDENT ATTENDANCE, BEHAVIOR, AND COURSEWORK - WHICH RESEARCH CONFIRMS ARE INDICATORS OF A STUDENT'S LIKELIHOOD OF GRADUATING HIGH SCHOOL. IN EACH OF CITY YEAR'S 252 PARTNER SCHOOLS, THE TEAM PROVIDES ACADEMIC SUPPORT, ATTENDANCE MONITORING AND INCENTIVES, POSITIVE BEHAVIOR SUPPORT, AND AFTER-SCHOOL PROGRAMMING EVENTS (SUCH AS ASSEMBLIES AND CELEBRATIONS) THAT IMPROVE THE OVERALL SCHOOL ENVIRONMENT. THE SERVICE MODEL HELPS THE CORPS MEMBERS HAVE AN IMPACT BEYOND THE 22,458 STUDENTS REACHED DIRECTLY THROUGH ONE-ON-ONE AND SMALL GROUP INSTRUCTION. CORPS MEMBERS CHANGE THE ENVIRONMENT OF A SCHOOL BY IMMEDIATELY CHANGING THE RATIO OF STUDENTS TO RESPONSIBLE, CARING ADULTS. IN ADDITION TO THE IN-SCHOOL SERVICES, MORE THAN 8,800 STUDENTS WERE PROVIDED WITH AFTER-SCHOOL AND SCHOOL ENVIRONMENT PROGRAMS. SCHOOLS THAT PARTNER WITH CITY YEAR ARE UP TO TWO TO THREE TIMES MORE LIKELY TO IMPROVE IN ENGLISH AND MATH ASSESSMENTS, AND THE MORE TIME STUDENTS SPEND WITH AMERICORPS MEMBERS, WHO SERVE AS STUDENT SUCCESS COACHES, THE MORE THEY IMPROVE ON SOCIAL, EMOTIONAL AND ACADEMIC SKILLS THAT HELP STUDENTS THRIVE IN SCHOOL AND CONTRIBUTE TO THEIR COMMUNITY. 63272465 38186086 YOUTH CIVIC LEADERSHIP40,000 OF CITY YEAR'S ALUMNI CONTINUE TO SERVE AND LEAD ACROSS AN ARRAY OF PROFESSIONS, INCLUDING EDUCATION, WITH MORE THAN HALF OF ALUMS WORKING AS TEACHERS, ADMINSTRATORS, GUIDANCE COUNSELORS AND AT EDUCATION NONPROFITS, AND ARE ENGAGED IN THEIR COMMUNITIES. THEY SHARE THEIR PASSION FOR CIVIC ENGAGEMENT BY LEADING STUDENTS IN ACTIVITIES THAT HELP THE PARTICIPANTS GAIN A BETTER UNDERSTANDING OF CHALLENGES FACING THEIR COMMUNITIES AND HOW THEY CAN HELP ADDRESS THEM. CITY YEAR WAS FOUNDED ON THE BELIEF THAT A YEAR OF NATIONAL SERVICE COULD SERVE AS A CIVIC RITE OF PASSAGE - A UNIQUELY TRANSFORMATIONAL LIFE EXPERIENCE THAT, WHILE HELPING TRANSFORM COMMUNITIES IN NEED, COULD BEND THE TRAJECTORY OF AN IDEALISTIC YOUNG PERSON'S LIFE TOWARDS A LIFETIME OF ACTIVE CITIZENSHIP AND CIVIC LEADERSHIP. 4414358 PHYSICAL SERVICEALL CITY YEAR LOCATIONS HOST LARGE-SCALE SERVICE EVENTS THROUGHOUT THE YEAR, LED BY CORPS AND STAFF. IN FISCAL YEAR 2024, 9,661 CITIZENS VOLUNTEERED 29,547 HOURS IN PROJECTS INCLUDING PAINTING MURALS, REFURBISHING SCHOOLS, CREATING PLAY PLACES, PLANTING COMMUNITY GARDENS, AND REVITALIZING COMMUNITY CENTERS. A PHYSICAL SERVICE PROJECT COMPLETED BY A CITY YEAR LED TEAM CAN POWERFULLY TRANSFORM A SCHOOL ENVIRONMENT OR NEIGHBORHOOD, BOTH BY VISIBLY IMPROVING THE SPACE WITH THE IMMEDIATE RESULTS, AND ALSO BY INSPIRING PARTICIPANTS TO VOLUNTEER AGAIN. 147145267 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 335 0 1 1398 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AR CA DC FL IL LA MA MI NH NY OH PA RI SC TN TX WA X X X GEORGE CHU 6179272572 287 COLUMBUS AVENUE BOSTON MA 021165114 JAMES BALFANZ CHIEF EXECUTIVE OFFICER 50.00 X X 502574 0 44451 GEORGE NICHOLS III CHAIR 1.00 X 0 0 0 STEVE BIRCHARD TRUSTEE 1.00 X 0 0 0 MICHELE CAHILL TRUSTEE 1.00 X 0 0 0 TUSHARA CANEKERATNE TRUSTEE 1.00 X 0 0 0 SALLY DORNAUS TRUSTEE 1.00 X 0 0 0 SANDY EDGERLEY TRUSTEE 1.00 X 0 0 0 DAVID EINHORN TRUSTEE 1.00 X 0 0 0 ANDREA ENCARNACAO MARTIN TRUSTEE 1.00 X 0 0 0 DR CAROL JOHNSON TRUSTEE (THRU 10/11/23) 1.00 X 0 0 0 NATALIE LAMARQUE TRUSTEE 1.00 X 0 0 0 LARRY NEITERMAN TRUSTEE 1.00 X 0 0 0 ANA MARI ORTEGA TRUSTEE 1.00 X 0 0 0 JOANNE RODGERS TRUSTEE (AS OF 7/13/23) 1.00 X 0 0 0 KIM SMITH TRUSTEE 1.00 X 0 0 0 WENDY SPENCER TRUSTEE 1.00 X 0 0 0 DALILA WILSON-SCOTT TRUSTEE 1.00 X 0 0 0 KANNA KUNCHALA ACTING CFO, CSO, CHIEF OF STAFF 50.00 X 345374 0 44501 SHANUAH BEAMON CHIEF ADMIN OFF, GEN COUNS, CO-CLERK 50.00 X 316371 0 37732 JESSICA GREENFIELD CFAO (THRU 10/23) 50.00 X 302465 0 48131 TOM WARD CO-CLERK 1.00 X 0 0 0 ANNMAURA CONNOLLY CHIEF STRATEGY OFFICER 50.00 X 348784 0 44943 MITHRA RAMALEY CHIEF DEV, RECRUIT, & ALUMNI OFFICER 50.00 X 350004 0 46762 JOHN TUPPONCE CHIEF OPERATING OFFICER 50.00 X 348491 0 41202 STEPHANIE WU CHIEF TRANSFORMATION OFFICER 50.00 X 315114 0 46395 STEPHEN SPALOSS CHIEF ENTERP SOCIAL RESPONSBLTY OFF 50.00 X 266348 0 40395 JEFFREY JABLOW ENTERPRISE IMPROVEMENT (THRU 1/24) 50.00 X 265752 0 21642 RUME JOY AZIKIWE-OYEYEMI CHIEF HUMAN RESOURCE OFFICER 50.00 X 258430 0 23353 KEVIN BRADSHAW EXECUTIVE DIRECTOR (THRU 9/23) 50.00 X 253018 0 22467 ELLEN GULACHENSKI CHIEF INFORMATION OFFICER 50.00 X 251148 0 36300 4123873 0 498274 180 0 1 0 CONNELLY PARTNERS LLC 46 WALTHAM STREET FLOOR 4 BOSTON MA 021184105 ADVERTISING SERVICES 1317115 KPMG LLP PO BOX 120511 DALLAS TX 753120511 AUDIT/TAX SERVICES 294295 FGS GLOBAL (US) LLC PO BOX 8500 PHILADELPHIA PA 191789962 INFO TECH SERVICES 268150 AVAAP USA LLC 1400 GOODALE BLVD SUITE 100 COLUMBUS OH 43212 INFO TECH SERVICES 237848 PLANET TECHNOLOGY PO BOX 845054 BOSTON MA 022845054 INFO TECH SERVICES 184655 9 157887 3917789 87665727 64831787 174444 156573190 626899 626899 127069 3917789 775787 -648718 -648718 MISC REVENUE 900099 457964 457964 457964 157009335 0 0 436145 1120661 1120661 38186086 38186086 427850 427850 2656884 2617417 39467 77447250 59177053 8032847 10237350 2244866 1695147 243443 306276 12284248 10436374 798002 1049872 8815850 7403953 643852 768045 125287 72214 53073 422047 3 422044 885437 885437 1015857 1015857 9296028 6831623 1517694 946711 3560980 3137077 49252 374651 8427724 6026813 287835 2113076 4891352 2840771 1959077 91504 5950546 5239968 698142 12436 3153134 2421966 566167 165001 490852 407524 43154 40174 502131 203557 298574 962176 631190 317863 13123 182867246 147145267 18548436 17173543 18285499 10471864 31705045 33904840 3902938 1881163 34323798 19826605 14757443 14497193 23601341 19448877 1105061 1973912 14275628 16958923 107632955 99136772 8125837 10585103 5615000 5320000 14212452 27696759 27953289 43601862 X 65348038 39388211 14331628 16146699 79679666 55534910 107632955 99136772 X -25857911 1727993 -14838 X 0 1 X 1 1 1 X 165696109 165737473 184630809 168123559 156573190 840761140 165696109 165737473 184630809 168123559 156573190 840761140 8123977 832637163 73864 442944 515965 517936 626899 2177608 534785 240937 256690 503943 585033 2121388 845060136 0.98530 0.95600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FUNDRAISING EVENT INCOME - 2019 AMOUNT: $ 13,050. 2020 AMOUNT: $ 27,840. 2021 AMOUNT: $ 63,290. 2022 AMOUNT: $ 86,261. 2023 AMOUNT: $ 127,069. OTHER - 2019 AMOUNT: $ 521,735. 2020 AMOUNT: $ 213,097. 2021 AMOUNT: $ 193,400. 2022 AMOUNT: $ 417,682. 2023 AMOUNT: $ 457,964. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 92449 0 1 885437 977886 0 PART II-B, LINE 1: CITY YEAR ENGAGES IN PUBLIC POLICY AND ADVOCACY, CONDUCTING EDUCATIONAL MEETINGS AND EVENTS WITH FEDERAL, STATE AND LOCAL LAWMAKERS, DEVELOPING AND DISTRIBUTING EDUCATIONAL MATERIALS. THESE ACTIVITIES FOCUS ON OUR DIRECT SERVICE AND HOW AMERICORPS MEMBERS AND PUBLIC FUNDS ARE BEING USED EFFICIENTLY AND EFFECTIVELY TO CREATE ENVIRONMENTS WHERE STUDENTS CAN BUILD ON THEIR STRENGTHS AND FULLY ENGAGE IN THEIR LEARNING. FROM TIME TO TIME IN AN ANNUAL CYCLE THIS ADVOCACY MAY BE LOBBYING FOR SUPPORT FOR SPECIFIC LEGISLATION OR COMMUNICATION TO DECISION-MAKERS. TIME AND RESOURCES SPENT ON LOBBYING ARE NOT SIGNIFICANT RELATIVE TO CITY YEAR'S OVERALL ALLOCATION OF RESOURCES. NO GOVERNMENT FUNDS ARE EVER USED TO SUPPORT THESE LIMITED LEGISLATIVE ACTIVITIES. 23601341 2209064 6361528 19448877 20991074 1023496 2610267 1023496 23601341 24708415 965853 -3838174 845020 20991074 18407136 956837 6072729 728287 24708415 15830884 2205446 1044730 673924 18407136 0.44670 0.36190 0.19140 0 0 4884000 4884000 14187114 6130034 8057080 1285453 1084371 201082 8240333 8082114 158219 5726898 4530086 1196812 14497193 OTHER ASSETS 287213 RIGHT-OF-USE ASSET 16562142 INTEREST RATE SWAPS 109568 16958923 LEASE LIABILITY 17673942 INTEREST RATE SWAPS 22817 LINE OF CREDIT 10000000 27696759 X 159899418 1727993 401141 -14838 2114296 157785122 -775787 -775787 157009335 184044174 401141 775787 1176928 182867246 0 182867246 PART V, LINE 4: THE ENDOWMENT CONSISTS OF APPROXIMATELY 15 INDIVIDUAL FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES, INCLUDING BOTH DONOR RESTRICTED ENDOWMENT FUNDS AND FUNDS DESIGNATED BY THE BOARD OF TRUSTEES TO FUNCTION AS ENDOWMENTS. SPENDING FROM ENDOWMENTS IS DONOR RESTRICTED TO VARIOUS PURPOSES. A MAJORITY OF THE FUNDS PROVIDE GENERAL SUPPORT FOR OPERATIONS IN SPECIFIC GEOGRAPHIC LOCATIONS. CITY YEAR HAS A POLICY OF APPROPRIATING FOR DISTRIBUTION EACH YEAR UP TO 4.5% OF ITS ENDOWMENTS FUNDS' AVERAGE FAIR VALUE OVER THE PRIOR EIGHT QUARTERS. THIS SPENDING POLICY IS EXPECTED TO ALLOW THE ENDOWMENT TO MAINTAIN ITS PURCHASING POWER BY GROWING AT A RATE EQUAL TO PLANNED PAYOUTS PLUS INFLATION. AN APPROPRIATION OF $6,361,528 WAS MADE THIS YEAR. PART X, LINE 2: ASC 740 FOOTNOTE THE ORGANIZATION GENERALLY DOES NOT PROVIDE FOR INCOME TAXES SINCE IT IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ASC 740, INCOME TAXES, PERMITS AN ENTITY TO RECOGNIZE THE BENEFIT AND REQUIRES ACCRUAL OF AN UNCERTAIN TAX POSITION ONLY WHEN THE POSITION IS "MORE LIKELY THAN NOT" TO BE SUSTAINED IN THE EVENT OF EXAMINATION BY TAX AUTHORITIES. IN EVALUATING WHETHER A TAX POSITION HAS MET THE RECOGNITION THRESHOLD, THE ORGANIZATION MUST PRESUME THAT THE POSITION WILL BE EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. ASC 740 ALSO PROVIDES GUIDANCE ON THE RECOGNITION, MEASUREMENT, AND CLASSIFICATION OF INCOME TAX UNCERTAINTIES, ALONG WITH ANY RELATED INTEREST OR PENALTIES. TAX POSITIONS DEEMED TO MEET THE "MORE LIKELY THAN NOT" THRESHOLD ARE RECORDED AS A TAX EXPENSE IN THE CURRENT YEAR. THERE WERE NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED NET LOSS ON CHANGE IN FAIR VALUE OF INTEREST RATE SWAPS -14,838. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES -775,787. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF FUNDRAISING EXPENSES 775,787. PART V, LINE 2 CITY YEAR, INC. HAS ADOPTED FASB ASU 2016-14, PRESENTATION OF THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ENTITIES. AS A RESULT, THE JUNE 30, 2024 AUDITED FINANCIAL STATEMENTS CLASSIFY NET ASSETS AS EITHER NET ASSETS WITHOUT DONOR RESTRICTIONS, OR NET ASSETS WITH DONOR RESTRICTIONS. FOR PURPOSES OF PART V, LINE 2, CITY YEAR, INC. HAS REPORTED ITS YEAR END ENDOWMENT BALANCE WITHOUT DONOR RESTRICTIONS AS QUASI-ENDOWMENT AND ITS YEAR END BALANCE WITH DONOR RESTRICTIONS AS PERMANENT ENDOWMENT AND TERM RESTRICTED ENDOWMENT, RESPECTIVELY. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTMAKING 281600 SUB-SAHARAN AFRICA 0 0 GRANTMAKING 146250 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 PROGRAM SERVICES SUPPORT 79056 0 0 0 0 0 0 506906 0 506906 EUROPE (INCLUDING ICELAND AND GREENLAND) GENERAL SUPPORT 281600 0 SUB-SAHARAN AFRICA GENERAL SUPPORT 146250 0 2 0 0 0 0 0 0 0 PART I, LINE 2: MONITORING THE USE OF GRANT FUNDS OUTSIDE OF THE U.S. CITY YEAR REQUIRES ANNUAL REPORTING ON ITS GRANTS TO CITY YEAR SOUTH AFRICA AND CITY YEAR LONDON, BOTH OF WHICH ARE FOREIGN NON PROFIT ORGANIZATIONS. THE ORGANIZATIONS ARE REQUIRED TO SUBMIT ANNUAL PROGRESS REPORTS, INCLUDING EXPENDITURES, PROJECT ACCOMPLISHMENTS, AND CHALLENGES NO LATER THAN 90 DAYS FOLLOWING THE END OF THE FISCAL YEAR. THE REPORT IS REVIEWED BY THE CHIEF STRATEGY OFFICER AND THE CHIEF FINANCIAL OFFICER. PERIODIC FIELD INVESTIGATIONS ARE ALSO CONDUCTED AS APPROPRIATE. MANAGEMENT REPORTS ANNUALLY TO CITY YEAR, INC. BOARD OF TRUSTEES ON THE AMOUNT OF ANY GRANTS MADE TO INTERNATIONAL AFFILIATES AND THE RESULTS OF THOSE PROGRAMS. PART I, LINE 3: BASIS OF ACCOUNTING THE BASIS OF ACCOUNTING ON THE FINANCIAL STATEMENTS IS ACCRUAL. X X X X X X X 1 PATRICIA HURLEY & ASSOCIATES INC 205 WEST WACKER DRIVE SUITE 1400 CHICAGO IL 60606 EVENT PLANNING 0 948960 60000 -60000 CARL BLOOM ASSOCIATES INC 81 MAIN STREET SUITE 126 WHITE PLAINS NY 10601 FUNDRAISING STRATEGY 0 0 763935 -763935 EXPONENTIAL PHILANTHROPY LLC 165 LINDBERGH AVENUE NEEDHAM MA 02494 FUNDRAISING STRATEGY 0 0 80000 -80000 AMY ELIZABETH DIBELKA 8631 LARTHORN DRIVE HUNTINGTON BEACH CA 92646 EVENT PLANNING 0 0 35000 -35000 GENERATIVE LLC 45 NICHOLSON STREET NW WASHINGTON DC 20011 FUNDRAISING STRATEGY 0 0 24400 -24400 PELLOWE CONSULTING LLC 6169 MARQUITA AVENUE DALLAS TX 75214 FUNDRAISING STRATEGY 0 0 22913 -22913 LE MONDS CREATIVE COUNSULTING 4971 HENSON PLACE CASTRO VALLEY CA 94546 FUNDRAISING STRATEGY 0 0 19000 -19000 SYNCHRONICITY EVENTS LLC 3234 SOUTH FERDINAND STREET UNIT A SEATTLE WA 98118 EVENT PLANNING 0 0 10609 -10609 948960 1015857 -1015857 AZ AR CA CO DC DE FL ID IL IN IA LA MA MI MO MT NE NH NY OH OK PA RI SC SD TN TX VT WA WI WY ANNUAL DINNER 1356805 1333586 23219 192135 213431 ANNUAL DINNER 948960 941460 7500 49511 20 1739093 1642743 96350 306891 13819 4044858 3917789 127069 548537 227250 775787 -648718 PART I, LINE 3 STATES REGISTERED THE STATES LISTED REQUIRE REGISTRATION OR LICENSING TO SOLICIT CONTRIBUTIONS. STATES NOT LISTED DO NOT REQUIRE REGISTRATION. PART II FUNDRAISING ACTIVITIES DURING THE FISCAL PERIOD, CITY YEAR HOSTED 22 FUNDRAISING EVENTS TO BRING LEADERS OF OUR COMMUNITY AND OUR SUPPORTERS TOGETHER. THOSE EVENTS RESULTED IN $4,044,858 OF RECEIPTS. IN ACCORDANCE WITH INTERNAL REVENUE CODE (IRC) 6115 CITY YEAR MADE GOOD FAITH EFFORTS AND DETERMINED THE COST OF GOODS AND SERVICES PROVIDED IN CONNECTION WITH THESE EVENTS TO APPROXIMATE $127,069. THE DIFFERENCE $3,917,789 REFLECTS THE GENEROSITY OF DONORS. THE DIRECT COSTS AND OTHER SIMILAR EXPENSES WERE $775,787. 1 THE JOHNS HOPKINS UNIVERSITY 3400 NORTH CHARLES STREET BALTIMORE MD 21218 520595110 501(C)(3) 1120661 0 SEE PART IV 1 0 CORPS MEMBER STIPENDS 1976 38186086 0 PART I, LINE 2: MONITORING PROCEDURES FOR GRANTS TO ORGANIZATIONS: CITY YEAR, INC. ENTERED INTO THE SUB-AWARD AGREEMENTS WITH JOHNS HOPKINS UNIVERSITY TO PERFORM TASKS AND OBLIGATIONS RELATED TO PROGRAM INITIATIVES. CITY YEAR MONITORS GRANTS TO IDENTIFY POTENTIAL PROBLEMS AND AREAS WHERE TECHNICAL ASSISTANCE MIGHT BE NECESSARY. THIS ACTIVE MONITORING IS ACCOMPLISHED THROUGH REVIEW OF REPORTS AND CORRESPONDENCE FROM THE GRANTEE, AUDIT REPORTS, SITE VISITS, AND OTHER INFORMATION AVAILABLE TO THE ORGANIZATION. MONITORING PROCEDURES FOR GRANTS TO INDIVIDUALS: DISBURSEMENTS TAKE THE FORM OF PROVIDING CORPS MEMBERS WITH A STIPEND RANGING FROM $890/BI-WEEKLY TO $1,441/BI-WEEKLY DURING THE PROGRAM YEAR. ON A LIMITED BASIS, CITY YEAR PROVIDES EDUCATIONAL AWARDS OF $7,395 TO CORPS MEMBERS. THIS AWARD IS FOR EDUCATIONAL AND RELATED EXPENSES AND PAYABLE DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. THE POLICY FOR SELECTING CORPS MEMBERS IS BASED ON A COMBINATION OF WHAT THE INDIVIDUAL CAN BRING TO CITY YEAR AND WHAT CITY YEAR CAN GIVE TO THE INDIVIDUAL. CITY YEAR HAS BEEN SUCCESSFUL IN INVOLVING YOUNG PEOPLE FROM A BROAD RANGE OF RACIAL, SOCIO-ECONOMIC, RELIGIOUS AND EDUCATIONAL BACKGROUNDS AND IS COMMITTED TO RECRUITING AND RETAINING A CORPS. CITY YEAR MAINTAINS A NON-DISCRIMINATORY POLICY TOWARD ALL EMPLOYEES WITHOUT REGARD TO RACE, AGE, ETHNICITY, RELIGIOUS AFFILIATION OR SEXUAL PREFERENCE. PART II, LINE 1H: THE PURPOSE OF THE JOHN HOPKINS SUB GRANT RELATES TO THE IMPLEMENTATION OF A NETWORK FOR SCHOOL IMPROVEMENT (NSI) AT CITY YEAR FUNDED BY GATES. THERE IS DEDICATED JHU STAFF THAT ENGAGE IN AND ATTEND MEETINGS AND EVENTS SUCH AS FACILITATING KEY EXPERIENCES AND LEARNING SESSIONS. ALSO, THEY PROVIDE DIRECT COACHING AND SUPPORT, FACILITATE LAUNCH, IMPLEMENTATION AND ONGOING MANAGEMENT, AND COMPLETE RESEARCH AND EVALUATION AS REQUIRED BY THE GATES GRANT. X X X X 0 0 0 0 0 0 0 1 0 JAMES BALFANZ CHIEF EXECUTIVE OFFICER 388574 0 114000 0 0 0 13200 0 31251 0 547025 0 0 0 MITHRA RAMALEY CHIEF DEV, RECRUIT, & ALUMNI OFFICER 293004 0 57000 0 0 0 16511 0 30251 0 396766 0 0 0 ANNMAURA CONNOLLY CHIEF STRATEGY OFFICER 291784 0 57000 0 0 0 16332 0 28611 0 393727 0 0 0 KANNA KUNCHALA ACTING CFO, CSO, CHIEF OF STAFF 288374 0 57000 0 0 0 13200 0 31301 0 389875 0 0 0 JOHN TUPPONCE CHIEF OPERATING OFFICER 294491 0 54000 0 0 0 15666 0 25536 0 389693 0 0 0 STEPHANIE WU CHIEF TRANSFORMATION OFFICER 275214 0 39900 0 0 0 17634 0 28761 0 361509 0 0 0 SHANUAH BEAMON CHIEF ADMIN OFF, GEN COUNS, CO-CLERK 278608 0 37763 0 0 0 11489 0 26243 0 354103 0 0 0 JESSICA GREENFIELD CFAO (THRU 10/23) 245465 0 57000 0 0 0 20025 0 28106 0 350596 0 0 0 STEPHEN SPALOSS CHIEF ENTERP SOCIAL RESPONSBLTY OFF 232504 0 33844 0 0 0 12144 0 28251 0 306743 0 0 0 ELLEN GULACHENSKI CHIEF INFORMATION OFFICER 228975 0 22173 0 0 0 13126 0 23174 0 287448 0 0 0 JEFFREY JABLOW ENTERPRISE IMPROVEMENT (THRU 1/24) 242308 0 23444 0 0 0 16009 0 5633 0 287394 0 0 0 RUME JOY AZIKIWE-OYEYEMI CHIEF HUMAN RESOURCE OFFICER 232530 0 25900 0 0 0 12202 0 11151 0 281783 0 0 0 KEVIN BRADSHAW EXECUTIVE DIRECTOR (THRU 9/23) 238978 0 14040 0 0 0 0 0 22467 0 275485 0 0 0 PART I, LINE 7 THE ORGANIZATION MAINTAINS A BONUS PLAN FOR SENIOR MANAGEMENT THAT CONSISTS OF SPECIFIC, PREDETERMINED FINANCIAL AND OPERATIONAL GOALS. THE CHAIR AND THE VICE CHAIRS OF THE GOVERNING BODY REVIEW THE RESULTS FOR THE FISCAL YEAR FOR THE PURPOSES OF DETERMINING THE PERCENT AT WHICH THE ORGANIZATION'S BONUS PLAN WILL BE FUNDED. BASED ON THE ORGANIZATION'S RESULTS AGAINST THESE GOALS, THE CHAIR AND THE VICE CHAIRS MAKE A FUNDING RECOMMENDATION TO THE GOVERNING BODY FOR ITS REVIEW AND APPROVAL. ONCE THE FUNDING OF THE BONUS PLAN IS DECIDED, THE CHAIR AND THE VICE CHAIRS DETERMINE THE PERCENT OF THE MAXIMUM BONUS AVAILABLE FOR THE CEO. THIS DECISION IS BASED ON THE CEO'S ACHIEVEMENT OF STATED GOALS. THE DIRECT SUPERVISORS OF THE OTHER SENIOR MANAGERS DETERMINE THE PERCENT OF THE MAXIMUM BONUS AVAILABLE FOR EACH SENIOR MANAGER. A MA DEVELOPMENT FIN AGENCY SERIES 2013 043431814 2013-05-17 8100000 REFUND SERIES 2006 0 0 0 A 2780000 8100000 114718 7985282 2013 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 1 0 1 0 0 0 1 A 1 X 23 174444 STOCK EXCHANGE QUOTE 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS AMOUNTS IN COLUMN (B) REPRESENT THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART I, LINE 1 CITY YEAR HELPS STUDENTS AND SCHOOLS SUCCEED, WHILE PREPARING THE NEXT GENERATION OF CIVICALLY ENGAGED LEADERS WHO CAN WORK ACROSS LINES OF DIFFERENCE. PARTNERING WITH TEACHERS, TEAMS OF CITY YEAR AMERICORPS MEMBERS CULTIVATE LEARNING ENVIRONMENTS WHERE ALL STUDENTS CAN BUILD ON THEIR STRENGTHS, FULLY ENGAGE IN THEIR LEARNING, AND THRIVE. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: CITY YEAR HELPS STUDENTS AND SCHOOLS SUCCEED, WHILE PREPARING THE NEXT GENERATION OF CIVICALLY ENGAGED LEADERS WHO CAN WORK ACROSS LINES OF DIFFERENCE. PARTNERING WITH TEACHERS, TEAMS OF CITY YEAR AMERICORPS MEMBERS CULTIVATE LEARNING ENVIRONMENTS WHERE ALL STUDENTS CAN BUILD ON THEIR STRENGTHS, FULLY ENGAGE IN THEIR LEARNING, AND THRIVE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS THE TAX RETURN INFORMATION IS GATHERED BY THE FINANCE OFFICE AND USED TO POPULATE FORM 990, IN CONJUNCTION WITH KPMG LLP, INDEPENDENT TAX CONSULTANT. ONCE COMPLETED, THE DRAFT FORM IS FORWARDED TO THE AUDIT COMMITTEE MEMBERS TO COMPLETE THEIR REVIEW AND APPROVAL OF THE FORM. IT IS PROVIDED TO THE ENTIRE GOVERNING COMMITTEE FOR THEIR REVIEW AND COMMENT PRIOR TO THE FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES MUST DISCLOSE TO THE BOARD ANY POSSIBLE CONFLICTS OF INTEREST AT THE EARLIEST PRACTICABLE TIME. NO TRUSTEE, OFFICER OR KEY EMPLOYEE MAY VOTE ON ANY MATTER UNDER CONSIDERATION AT A BOARD OR COMMITTEE MEETING IN WHICH TRUSTEE, OFFICER OR KEY EMPLOYEE HAS A CONFLICT OF INTEREST. THE MINUTES OF SUCH MEETING WILL REFLECT THAT A DISCLOSURE WAS MADE AND A TRUSTEE, OFFICER OR KEY EMPLOYEE WHO IS UNCERTAIN WHETHER A CONFLICT OF INTEREST MAY EXIST IN ANY MATTER MAY REQUEST THE BOARD OR COMMITTEE TO RESOLVE THE QUESTIONS. ANNUALLY, TRUSTEES, OFFICERS OR KEY EMPLOYEES ARE REQUIRED TO SIGN AND SUBMIT TO THE AUDIT COMMITTEE FOR REVIEW CONFLICT OF INTEREST STATEMENTS DISCLOSING ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION POLICY CITY YEAR STRIVES TO BE THE EMPLOYER OF CHOICE FOR HIGHLY TALENTED PROFESSIONALS SEEKING A POSITION WITH A MISSION-DRIVEN NON-PROFIT. OUR GOAL IS TO ATTRACT, DEVELOP AND RETAIN HIGH-PERFORMING TALENT FROM BACKGROUNDS AND INDUSTRY SECTORS. CITY YEAR REWARDS EMPLOYEES FOR THEIR INDIVIDUAL JOB PERFORMANCE AND CONTRIBUTIONS TO THE ORGANIZATION. CITY YEAR TARGETS COMPENSATION IN LINE WITH THE NON-PROFIT MARKET TO REFLECT CITY YEAR'S EMPHASIS ON PERFORMANCE, LEADERSHIP AND OUTCOMES. CITY YEAR COMPARES ITSELF TO BOTH NON-PROFIT AND PRIVATE SECTOR ORGANIZATIONS OF SIMILAR SIZE. IN ADDITION CONSIDERATION IS GIVEN TO OTHER ORGANIZATIONS' STRUCTURES, AS WELL AS TO ANYTHING ABOUT A PARTICULAR POSITION THAT MAY BE UNIQUE TO CITY YEAR. THE PURPOSE OF THE COMPENSATION POLICY IS TO ESTABLISH CONSISTENT, SUSTAINABLE, COMPETITIVE, AND TRANSPARENT PAY PRACTICES, ALIGNED WITH CITY YEAR'S ORGANIZATIONAL STRATEGY AND COMPENSATION PHILOSOPHY, ACROSS ALL DEPARTMENTS AND DIVISIONS OF CITY YEAR, INC. THE PEOPLE OPERATIONS DEPARTMENT IS RESPONSIBLE FOR UPDATING AND MANAGING ENFORCEMENT OF THIS POLICY. PROCEDURE FOR SETTING MARKET REFERENCE POINTS THE PEOPLE AND PEOPLE OPERATIONS DEPARTMENTS BENCHMARKS CURRENT MARKET REFERENCE POINTS USING MARKET DATA FOR REPRESENTATIVE POSITIONS FROM ORGANIZATIONS AS DESCRIBED ABOVE, AND REVISES THE MARKET REFERENCE POINTS FOR EACH GROUP AS NEEDED. MARKET REFERENCE POINTS FOR THE CHIEF EXECUTIVE OFFICER AND THE CEO'S DIRECT REPORTS (TYPICALLY, BUT NOT LIMITED TO, EXECUTIVE VICE PRESIDENTS) MUST BE APPROVED BY THE CHAIR OF THE BOARD OF TRUSTEES. PROCEDURE FOR SALARY INCREASES CHIEF EXECUTIVE OFFICER - ALL INCREASES ARE DETERMINED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES, AND COMMUNICATED TO THE CHIEF PEOPLE OFFICER FOR PROCESSING. CEO DIRECT REPORTS - THE CEO WILL INFORM THE BOARD CHAIR OF ALL PROPOSED INCREASES AND COMMUNICATE TO THE CHIEF PEOPLE OFFICER AND CHIEF FINANCIAL OFFICER FOR PROCESSING. EXECUTIVE DIRECTORS, SENIOR VICE PRESIDENTS, VICE PRESIDENTS, AND ANY STAFF MEMBER WITH A BASE SALARY >$150K - ALL INCREASES ARE PROPOSED BY THE EMPLOYEE'S MANAGER TO THE PEOPLE OPERATIONS DEPARTMENT AND MUST BE APPROVED BY THE CEO, AND COMMUNICATED TO THE PEOPLE OPERATIONS DEPARTMENT FOR PROCESSING. THE DELIBERATION AND DECISIONS ARE DOCUMENTED CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DISCLOSURE POLICY CITY YEAR'S FORM 990 AND FINANCIAL STATEMENTS (AUDITED ANNUALLY) ARE MADE AVAILABLE TO THE GENERAL PUBLIC THROUGH THE ORGANIZATION'S WEBSITE, ON REQUEST, AND ARE AVAILABLE FOR INSPECTION AT THE HEADQUARTER OFFICES. CITY YEAR MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. ADDITIONALLY, THE FORM 990 IS AVAILABLE AT WWW.GUIDESTAR.ORG RELATED PARTIES AND AFFILIATIONS CITY YEAR IS ONE OF SEVEN MEMBERS OF CITY YEAR SOUTH AFRICAN CITIZEN SERVICE ORGANIZATION, A SEPERATE LEGAL ENTITY WHICH IS INCORPORATED UNDER SOUTH AFRICAN CHARITABLE ORGANIZATION LAWS. ONE INIDIVIDUAL MEMBER OF CITY YEAR SOUTH AFRICA IS ALSO A TRUSTEE OF CITY YEAR. CITY YEAR DOES NOT CONTROL AND HAS NO OBLIGATION TO SUPPORT OR BE A BENEFICIARY OF THE NET ASSETS OF CITY YEAR SOUTH AFRICA. AS SUCH, THE FINANCIAL RECORDS OF CITY YEAR SOUTH AFRICA ARE NOT CONSOLIDATED WITHIN CITY YEAR'S FINANCIAL STATEMENTS. CITY YEAR HAS AN AFFILIATION AGREEMENT WITH CITY YEAR UK, AN ORGANIZATION INCORPORATED AS A COMPANY LIMITED BY GUARANTEE UNDER THE ENGLISH CHARITY ACT. THE AFFILIATION AGREEMENT PROVIDES FOR, AMONG OTHER THINGS, A GOVERNANCE STRUCTURE THAT ESTABLISHES THE PROGRAM AS A FULLY INDEPENDENT UK CHARITY, WITH CITY YEAR ENTITLED TO APPOINT TWO PERSONS TO THE BOARD OF DIRECTORS. CITY YEAR UK IS, AND SHALL AT ALL TIMES, REMAIN FINANCIALLY INDEPENDENT FROM CITY YEAR. CITY YEAR DOES NOT CONTROL AND DOES NOT HAVE ANY FINANCIAL OBLIGATION, RESPONSIBILITY OR LIABILITY TO CITY UK. AS SUCH, THE FINANCIAL RECORDS OF CITY UK ARE NOT CONSOLIDATED WITHIN CITY YEAR'S FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: UNREALIZED NET LOSS ON CHANGE IN FAIR MARKET VALUE OF INTEREST RATE SWAPS -14,838.