2025-11-10T10:42:39-06:00 2024-12-31 480573184 REGIER CARR & MONROE LLP CPAS 4801 E BROADWAY BLVD SUITE 501 TUCSON AZ 85711 990 2024-01-01 860326724 YMCA FOUNDATION OF SOUTHERN ARIZONA THEY 5206235511 PO BOX 1111 TUCSON AZ 857021111 CATHY SCHEIRMAN CFO 5206235511 2025-11-04 1 0 SUSAN M VOS CPACFE P01709931 5206248229 2024 2025-03-06 01:10:19Z CATHY SCHEIRMAN PO BOX 1111 TUCSON AZ 857021111 899969 0 X WWW.TUCSONYMCA.ORG X 1973 AZ THE ACTIVITIES AND FUNDS OF THE YMCA FOUNDATION OF SOUTHERN ARIZONA ARE TO BENEFIT THE YMCA OF SOUTHERN ARIZONA AND HELP SUPPORT THEIR MISSION: "THE YMCA OF SOUTHERN ARIZONA IS DEDICATED TO IMPROVING THE QUALITY OF HUMAN LIFE AND TO HELPING ALL PEOPLE REALIZE THEIR FULLEST POTENTIAL THROUGH THE DEVELOPMENT OF SPIRIT, MIND, AND BODY." 12 12 0 8 0 0 432712 15442 0 0 273454 229763 0 0 706166 245205 392981 232232 0 0 0 0 0 0 17859 47294 44657 440275 276889 265891 -31684 6504150 6985199 382473 382473 6121677 6602726 X THE ACTIVITIES AND FUNDS OF THE YMCA FOUNDATION OF SOUTHERN ARIZONA ARE TO BENEFIT THE YMCA OF SOUTHERN ARIZONA AND HELP SUPPORT THEIR MISSION: "THE YMCA OF SOUTHERN ARIZONA IS DEDICATED TO IMPROVING THE QUALITY OF HUMAN LIFE AND TO HELPING ALL PEOPLE REALIZE THEIR FULLEST POTENTIAL THROUGH THE DEVELOPMENT OF SPIRIT, MIND, AND BODY." 0 0 232232 232232 DISTRIBUTIONS OF EARNINGS FROM INVESTMENTS TO THE YMCA OF SOUTHERN ARIZONA. THE YMCA IS TO USE THE DISTRIBUTIONS FOR OPERATIONS AND IMPROVEMENTS IN ORDER TO FULFILL ITS MISSION. 232232 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X ORGANIZATION 5206235511 PO BOX 1111 TUCSON AZ 857021111 CRIS CIASCA DIRECTOR 1.00 X 0 0 0 KATHLEEN HANLEY DIRECTOR 1.00 X 0 0 0 JIM SAKRISON DIRECTOR 1.00 X 0 0 0 STAN SPACKEEN DIRECTOR 1.00 X 0 0 0 ROBERT LONGLEY CHAIR 1.00 X X 0 0 0 KENT ROLLINS SECRETARY 1.00 X X 0 0 0 GARY DARLING TREASURER 1.00 X X 0 0 0 DINO SAKELLAR VICE CHAIR 1.00 X X 0 0 0 KURTIS DAWSON PRESIDENT/CEO 1.00 49.00 X 0 245693 36206 CATHY SCHEIRMAN CFO 1.00 49.00 X 0 131603 22113 0 377296 58319 0 0 1 0 0 15442 15442 216364 216364 668163 654764 13399 13399 13399 245205 0 0 229763 232232 232232 16875 16875 26798 26798 984 984 276889 232232 26798 17859 698139 433693 484 5488412 6335212 317115 216294 6504150 6985199 382473 382473 382473 382473 X 852344 941256 5269333 5661470 6121677 6602726 6504150 6985199 -31684 512732 0 X X 0 1 X 1 0 X X 1 YMCA OF SOUTHERN ARIZONA 860101237 7 1 232232 0 1 232232 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 X 1 1 PART IV, SECTION E, LINE 2A THE ACTIVITIES AND FUNDS OF THE YMCA FOUNDATION OF SOUTHERN ARIZONA ARE TO BENEFIT THE YMCA OF SOUTHERN ARIZONA AND HELP SUPPORT THEIR MISSION: "THE YMCA OF SOUTHERN ARIZONA IS DEDICATED TO IMPROVING THE QUALITY OF HUMAN LIFE AND TO HELPING ALL PEOPLE REALIZE THEIR FULLEST POTENTIAL THROUGH THE DEVELOPMENT OF SPIRIT, MIND, AND BODY." PART IV, SECTION E, LINE 2B THE ACTIVITIES AND FUNDS OF THE YMCA FOUNDATION OF SOUTHERN ARIZONA ARE TO BENEFIT THE YMCA OF SOUTHERN ARIZONA AND HELP SUPPORT THEIR MISSION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3734657 2750 81926 3819333 3207018 429757 97882 3734657 3116434 290963 -200379 3207018 2961633 62899 91902 3116434 2856702 53156 51775 2961633 1.00000 0 0 0 DUE TO - YMCA OF SOUTHERN AZ 382473 382473 X 731139 512732 512732 218407 26798 26798 245205 250091 0 250091 26798 26798 276889 PART V, LINE 4: THE YMCA AND THE FOUNDATION HAVE ADOPTED THE PROVISION UNDER THE UNIFORM PRUDENT MANAGEMENT INSTITUTIONAL FUNDS ACT ("UPMIFA") AND HAVE ADOPTED A SPENDING POLICY THAT SEEKS TO PRESERVE AND BUILD THE PERMANENT FUNDS ENTRUSTED TO THE YMCA AND THE FOUNDATION ON A REAL DOLLAR BASIS AND TO MAINTAIN THE DISTRIBUTION LEVELS IN PERIODS OF "DOWN MARKETS". THE SPENDING POLICY DETERMINES THE ANNUAL DOLLAR VALUE OF DISTRIBUTIONS THAT MAY BE MADE FROM THE UNRESTRICTED FUND AND THE PERMANENTLY RESTRICTED ENDOWMENT FUNDS UNLESS THE DONOR HAS CLEARLY EXPRESSED A DIFFERENT INTENT. THIS AMOUNT IS ESTABLISHED BY THE BOARD OF DIRECTORS PRIOR TO EACH FISCAL YEAR AT THE RATE OF 3% TO 5% OF THE ROLLING AVERAGE MARKET VALUE OF THE PREVIOUS 12 QUARTERS. SPENDING FROM THE PERMANENTLY RESTRICTED INCOME ENDOWMENT FUNDS IS LIMITED TO INTEREST AND DIVIDENDS EARNED IN THE PREVIOUS CALENDAR YEAR ON THAT FUND. INVESTMENT OBJECTIVES OF THE YMCA AND THE FOUNDATION ARE TO MANAGE THE PORTFOLIO IN A MANNER THAT WILL MAXIMIZE THE BENEFITS INTENDED BY DONORS, TO PROVIDE PERPETUAL FINANCIAL SUPPORT FOR THE YMCA AND THE FOUNDATION, AND TO ACHIEVE A TOTAL RETURN OVER TIME SUFFICIENT TO PRESERVE AND INCREASE THE PURCHASING POWER OF THE ASSETS. THE YMCA AND THE FOUNDATION BELIEVE THIS GOAL CAN BEST BE ACHIEVED BY MANAGING THE UNRESTRICTED, RESTRICTED INCOME ENDOWMENT, AND ENDOWMENT PORTION OF THE FUND ON A TOTAL RETURN BASIS. ACCORDINGLY, THE ASSET ALLOCATION RANGE FOR EQUITIES WILL BE 25% TO 75% FOR THIS PORTION OF THE FUND. FOR THE RESTRICTED INCOME ONLY PORTION OF THE FUND, EQUITIES WILL BE 20% TO 45%. FOR THE CHARITABLE GIFT ANNUITY RESERVE PORTION OF THE FUND THE ASSET ALLOCATION RANGE FOR EQUITIES WILL BE 20% TO 45%. THE REMAINDER MAY BE INVESTED IN FIXED INCOME OR CASH AND CASH EQUIVALENTS OF 55% TO 80% OF THE PORTFOLIO. THE INVESTMENT POLICY STATEMENT APPLIES ONLY TO THOSE ASSETS FOR WHICH THE INVESTMENT MANAGERS AND THE FINANCE COMMITTEE HAVE DISCRETIONARY AUTHORITY. PART X, LINE 2: THE YMCA AND THE FOUNDATION ARE ORGANIZED AS ARIZONA NONPROFIT CORPORATIONS AND HAVE BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE ("IRS") AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3), QUALIFY FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B )(1 )(A)(VI) AND (VIII), AND HAVE BEEN DETERMINED NOT TO BE PRIVATE FOUNDATIONS UNDER SECTIONS 509(A)(1) AND (3), RESPECTIVELY. THE ORGANIZATIONS ARE ANNUALLY REQUIRED TO FILE A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, THE ORGANIZATIONS ARE SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. EACH ORGANIZATION HAS DETERMINED IT IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAX AND HAS NOT FILED AN EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN (FORM 990-T) WITH THE IRS. EACH ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATIONS WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. 1 YMCA OF SOUTHERN ARIZONA PO BOX 1111 TUCSON AZ 85702 860101237 501 (C)(3) 232232 0 TO BENEFIT THE YMCA OF SOUTHERN ARIZONA AND HELP SUPPORT THEIR MISSION. PART I, LINE 2: THE ONLY DONATION THE YMCA FOUNDATION OF SOUTHERN ARIZONA MADE IS TO THE YMCA OF SOUTHERN ARIZONA. THE PROCEDURES FOR MONITORING USE OF GRANT FUNDS IN U.S. ARE NOT APPLICABLE TO THE ORGANIZATION. 0 0 0 0 0 0 0 0 0 KURTIS DAWSON PRESIDENT/CEO 0 245693 0 0 0 0 0 29483 0 6723 0 281899 0 0 CATHY SCHEIRMAN CFO 0 131603 0 0 0 0 0 15692 0 6421 0 153716 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO EACH FINANCE COMMITTEE MEMBER TO REVIEW BEFORE FILING. EACH COMMITTEE MEMBER IS ASKED TO REVIEW AND SUBMIT QUESTIONS/COMMENTS TO CFO THAT WILL BE ADDRESSED BEFORE FINALIZING THE RETURN. THE FORM 990 IS DISCUSSED AND MADE AVAILABLE TO ALL BOARD MEMBERS ONCE THE FINANCE COMMITTEE MEMBERS APPROVE THE FINAL COPY AND BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REVIEW AND UPDATE THE CONFLICT OF INTEREST POLICY AS NEEDED. CONFLICT OF INTEREST FORMS ARE GIVEN TO EACH BOARD MEMBER ANNUALLY TO REVIEW, UPDATE AND SIGN. THESE FORMS ARE REVIEWED BY STAFF AND KEPT ON FILE. THE POLICY ALSO REQUIRES BOARD MEMBERS TO DISCLOSE ANY CONFLICTS THROUGHOUT THE YEAR THAT MAY ARISE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL DISCLOSE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST. YMCA OF SOUTHERN ARIZONA PO BOX 1111 TUCSON AZ 857021111 860101237 PROVIDES SERVICES AND PROGRAMS TO BENEFIT THE COMMUNITY IT SERVES AZ 501(C))(3) 170(B)(1)(A)(VI) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 YMCA OF SOUTHERN ARIZONA B 232232 ACTUAL CASH TRANSFERRED