2014-05-15T14:02:13-05:00 2013-06-30 113266576 GRASSI & CO CPA'S PC 50 JERICHO QUADRANGLE JERICHO NY 11753 990 2012-07-01 112030172 YOUNG ADULT INSTITUTE INC YOUN 2125637474 460 WEST 34TH STREET NEW YORK NY 10001 MATTHEW STURIALE 2125637474 2014-05-15 1 DAVID ROTTKAMP P01303468 5162563500 2012 2015-11-30 17:44:51Z MATTHEW STURIALE 460 WEST 34TH STREET NEW YORK NY 10001 181592387 0 X WWW.YAI.ORG X 1957 NY THE MISSION OF OUR ORGANIZATION IS TO HELP INDIVIDUALS WITH A VARIETY OF DISABILITIES ACHIEVE THE MOST INDEPENDENT AND PRODUCTIVE LIFE POSSIBLE.TO ACHIEVE THIS AIM, WE OFFER SERVICES COVERING THE ENTIRE LIFE SPAN AND EMPLOY A DIVERSE RANGE OF THERAPISTS, TEACHERS, CAREGIVERS, JOB COACHES, HEALTH CARE PROFESSIONALS, ADMINISTRATORS AND EXPERT PROVIDERS.OUR PROGRAM, RESIDENCES, AND CLINICS ARE DESIGNED AND OPERATED TO MEET THE NEEDS OF THE PEOPLE WE SERVE IN THE MOST RESPONSIVE, ACCOUNTABLE AND EFFECTIVE MANNER POSSIBLE.WHILE WE STRIVE CONSTANTLY TO IMPROVE AND EVOLVE OUR OFFERINGS AND OUR ORGANIZATION, OUR FOCUS ON THIS CORE MISSION IS UNWAVERING. 15 15 3444 0 0 0 3011580 2026887 179808323 169690738 83038 26247 -278217 9149810 182624724 180893682 0 0 0 0 116771301 115917813 0 0 1292149 63659719 59801296 180431020 175719109 2193704 5174573 117853044 106152080 104069761 87194224 13783283 18957856 X THE MISSION OF OUR ORGANIZATION IS TO HELP INDIVIDUALS WITH A VARIETY OF DISABILITIES ACHIEVE THE MOST INDEPENDENT AND PRODUCTIVE LIFE POSSIBLE.TO ACHIEVE THIS AIM, WE OFFER SERVICES COVERING THE ENTIRE LIFE SPAN AND EMPLOY A DIVERSE RANGE OF THERAPISTS, TEACHERS, CAREGIVERS, JOB COACHES, HEALTH CARE PROFESSIONALS, ADMINISTRATORS AND EXPERT PROVIDERS.OUR PROGRAM, RESIDENCES, AND CLINICS ARE DESIGNED AND OPERATED TO MEET THE NEEDS OF THE PEOPLE WE SERVE IN THE MOST RESPONSIVE, ACCOUNTABLE AND EFFECTIVE MANNER POSSIBLE.WHILE WE STRIVE CONSTANTLY TO IMPROVE AND EVOLVE OUR OFFERINGS AND OUR ORGANIZATION, OUR FOCUS ON THIS CORE MISSION IS UNWAVERING. 0 0 67061161 73667928 CLINICAL PROGRAMS - PROVIDE PROGRAMS THAT AID IN THE DEVELOPMENT OF FUNDAMENTAL SKILLS IN COMMUNICATION, PERSONAL CARE, TRAVEL/MOBILITY, AND SENSORY INTEGRATION THAT ARE TAILORED TO MEET SPECIAL NEEDS OF PERSONS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. 79839950 92669044 RESIDENTIAL SERVICES - PROVIDE PROGRAMS THAT OFFER ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES LIVING ARRANGEMENTS IN THE COMMUNITY, PROMOTING SELF-RELIANT COMMUNITY INCLUSION WITH 24 HOUR ASSISTANCE AND SUPERVISION, AS NEEDED, SOCIALIZATION AND LIFE SKILL TRAINING. 3469054 3353766 EMPLOYMENT INITIATIVE SERVICES - HELP PEOPLE WITH DEVELOPMENTAL AND LEARNING DISABILITIES PREPARE FOR AND FIND EMPLOYMENT OPPORTUNITIES IN THEIR COMMUNITIES. THROUGH INDIVIDUAL AND GROUP EMPLOYMENT COUNSELING, EMPLOYMENT SERVICES PROVIDES EDUCATION ON HOW TO BUILD A RESUME, TO DEVELOP INTERVIEWING SKILLS, TO LEARN HOW TO CONDUCT ONESELF ON THE JOB, AND GAIN NEW EMPLOYMENT SKILLS THROUGH INTERNSHIPS IN RETAIL, OFFICE SERVICES, MAINTENANCE AND OTHER WORK SETTINGS IN THE COMMUNITY. 150370165 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 303 0 1 3444 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X SANJAY DUTT 2122736100 460 WEST 34TH STREET NEW YORK NY 10001 ELIOT P GREEN ESQ 1.00 X X 0 0 0 GEORGE CONTOS ESQ 1.00 X X 0 0 0 LEWIS LINDENBERG ESQ 1.00 X X 0 0 0 ROBERT DEAN ELLIS ESQ 1.00 X X 0 0 0 DIANA MING SUNG 1.00 X X 0 0 0 PETER BLANCK PHD JD 1.00 X 0 0 0 LEE CHAIKIN 1.00 X 0 0 0 CHARLES M DOMBECK 1.00 X 0 0 0 KEVIN HOGAN 1.00 X 0 0 0 JANE LEVINE 1.00 X 0 0 0 JEFFREY LIEBERMAN ESQ 1.00 X 0 0 0 JEFFERY A MORDOS 1.00 X 0 0 0 RICHARD PAUL ROSENBAUM 1.00 X 0 0 0 JOHN RUFER 1.00 X 0 0 0 DAVID B STAFFORD 1.00 X 0 0 0 STEPHEN FREEMAN 40.00 X 3049960 0 57636 THOMAS DERN 40.00 X 2576586 0 61384 SANJAY DUTT 40.00 X 129124 0 66 KAREN WEGMANN 40.00 X 271933 0 41616 LAURA LYSTON 40.00 X 200686 0 18790 CHARLES CARTWRIGHT MD 40.00 X 198437 0 4447 DAVID KAUFMAN MD 40.00 X 197267 0 3593 PAUL SMOLLER 40.00 X 196429 0 25710 PHILIP LEVY 40.00 X 5529890 0 0 12350312 0 213242 61 1 1 0 THE INTERAGENCY COUNCIL OF DEVELOPMENTAL 150 WEST 30TH STREET NEW YORK NY 10001 BUS TRANSPORTATION 4882779 ALLWAYS EAST TRANSPORTATION 870 NEPPERHAN AVE YONKERS NY 10703 BUS TRANSPORTATION 1071173 SUFFOLK TRANSPORTATION SERVICE 10 MOFFIT BLVD BAYSHORE NY 11706 BUS TRANSPORTATION 926788 TEMPOSITIONS HEALTH CARE INC 420 LEXINGTON AVE NEW YORK NY 10170 THERAPISTS 608389 ROPES & GRAY LLP 1211 AVENUE OF AMERICAS NEW YORK NY 10170 LEGAL SERVICES 500059 31 1181382 845505 2026887 RESIDENTIAL SERVICES 623990 92669044 92669044 CLINICAL SERVICES 621400 73667928 73667928 EMPLOYMENT INITIATIVE SERVICES 900099 3353766 3353766 169690738 26247 26247 215004 1181382 698705 -483701 -483701 OTHER INCOME 900099 8913268 8913268 NET RECOVERIES FROM PROPERTY DAMA 999999 720243 720243 9633511 180893682 169690738 0 9176057 2107450 2107450 83894326 75869208 7652918 372200 4210177 3844241 347326 18610 15851242 14441857 1342011 67374 9854618 8141093 1673990 39535 491819 23517 468302 651915 651915 3969779 2829239 922952 217588 999 999 2614180 1818571 620945 174664 1396397 580011 714289 102097 12783022 11276440 1270508 236074 11090946 11018720 66626 5600 484173 304330 176441 3402 2395888 1559084 836804 4005686 3709157 246430 50099 1692053 1435617 256436 BAD DEBT EXPENSE 5994393 1648546 4345847 STATE PAID DAY HAB/HCE 3784389 3784389 FOOD 2187780 2124625 62093 1062 GROSS FACILITY TAX 1940742 1940742 4317135 4020778 293512 2845 175719109 150370165 24056795 1292149 7323106 9859068 22350564 12599371 28856229 25594353 7734067 7164075 90656911 53038060 37827580 37618851 925095 1096345 12836403 12220017 117853044 106152080 15217877 18462212 15688542 13413611 37317767 34740423 35845575 20577978 104069761 87194224 X 13729806 18904379 53477 53477 13783283 18957856 117853044 106152080 5174573 0 X X 0 1 X 1 0 X 2836463 2372256 3991593 3011580 1951887 14163779 170141420 166167352 197360203 179808323 169690738 883168036 172977883 168539608 201351796 182819903 171642625 897331815 0 0 0 897331815 103106 78181 70951 83038 26247 361523 103106 78181 70951 83038 26247 361523 1497680 1339669 377651 459961 1010247 4685208 174578669 169957458 201800398 183362902 172679119 902378546 0.99440 0.99670 0.00040 0.00070 X SCHEDULE A, PART II, LINE 12, EXPLANATION OF OTHER INCOME: NET RECOVERIES FROM PROPERTY DAMAGE - 2012 AMOUNT: $ 720,243. SPECIAL EVENT REVENUE - 2008 AMOUNT: $ 1,497,680. 2009 AMOUNT: $ 1,339,669. 2010 AMOUNT: $ 377,651. 2011 AMOUNT: $ 459,961. 2012 AMOUNT: $ 290,004. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 757272 1764451 1695342 826381 0 9900761 9900761 52165414 31929577 20235837 17261114 12642916 4618198 2804553 2473009 331544 8525069 5992558 2532511 37618851 BOND ISSUANCE COSTS, NET 2494929 OTHER ASSETS 281489 ASSETS LIMITED AS TO USE 4389633 DEFERRED CHARGES 5053966 12220017 DUE TO NEW YORK STATE 12742421 OTHER LIABILITIES 7835557 20577978 X 180893682 0 180893682 0 180893682 175719109 0 175719109 0 175719109 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: YOUNG ADULTS INSTITUTE, INC. FOLLOWS THE PROVISIONS PERTAINING TO UNCERTAIN TAX PROVISIONS UNDER FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740 INCOME TAXES, AND HAS DETERMINED THAT THERE ARE NO MATIERAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART IV, LINE 2B: CONSUMER BANK ACCOUNTS ARE MAINTAINED BY THE INDIVIDUAL PROGRAMS WHERE THE CONSUMER RESIDES. EACH CONSUMER HAS A BANK LEDGER AND AN IN-HOUSE LEDGER. THE BANK LEDGER RECORDS ALL THE DEPOSITS AND WITHDRAWALS THAT TAKE PLACE IN THE ACCOUNT. THE IN-HOUSE LEDGER PROVIDES THE DETAIL ON HOW CONSUMER SPENDS MONEY THAT IS WITHDRAWAN FROM THEIR ACCOUNT. GALA 523333 440347 82986 116787 88520 CENTRAL PARK CHALLENGE 663435 663435 381920 5 209618 77600 132018 111478 1396386 1181382 215004 116787 581918 698705 -483701 X X X X X X 1 1 0 0 0 0 0 1 0 STEPHEN FREEMAN 327309 0 6000 0 2716651 0 40416 0 17220 0 3107596 0 0 0 THOMAS DERN 338400 0 6000 0 2232186 0 44303 0 17081 0 2637970 0 0 0 KAREN WEGMANN 258109 0 761 0 13063 0 32653 0 8963 0 313549 0 0 0 LAURA LYSTON 191425 0 4184 0 5077 0 17991 0 799 0 219476 0 0 0 CHARLES CARTWRIGHT MD 187975 0 10462 0 0 0 4222 0 225 0 202884 0 0 0 DAVID KAUFMAN MD 193272 0 3995 0 0 0 3344 0 249 0 200860 0 0 0 PAUL SMOLLER 186766 0 3751 0 5912 0 24860 0 850 0 222139 0 0 0 PHILIP LEVY 1075390 0 0 0 4454500 0 0 0 0 0 5529890 0 0 0 PART I, LINES 4A-B PART I, LINE 4A: DURING THE FISCAL YEAR ENDED JUNE 20, 2013, THE AGENCY PAID SEVERANCE OF $1,058,830 TO PHILIP LEVY AS SEVERANCE UNDER THE TERMS OF AN EMPLOYMENT CONTRACT. THE AMOUNT OF THE SEVERANCE PAYMENT WAS DETERMINED BY THE AGENCY'S INDEPENDENT OUTSIDE COMPENSATION CONSULTANT TO BE REASONABLE BASED ON COMPARABLE MARKET DATA. THIS AMOUNT WAS INCLUDED IN MR. LEVY'S W-2 FOR 2012 AND ARE REPORTED IN PART II, COLUMN (B)(III). PART I, LINE 4B: THE AGENCY MAINTAINED A SUPPLEMENTAL RETIREMENT PLAN FOR SENIOR EXECUTIVES. DURING THE FISCAL YEAR ENDED JUNE 30, 2013, THE AGENCY MADE PAYMENTS IN FULL SETTLEMENT OF ALL RIGHTS UNDER THE PLAN TO THE FOLLOWING CURRENT OR FORMER EXECUTIVES IN THE FOLLOWING AMOUNTS: PHILIP LEVY - $4,454,400; STEVEN FREEMAN - $2,707, 181; THOMAS DERN - $2,226,100. AT THE TIME OF PAYMENT, EACH OF THESE INDIVIDUALS HAD MORE THAN 30 YEARS OF SERVICE WITH THE AGENCY, AND THE AMOUNTS OF THE PAYMENTS WERE DETERMINED BY THE AGENCY'S INDEPENDENT OUTSIDE COMPENSATION CONSULTANT TO BE REASONABLE BASED ON COMPARABLE MARKET DATA FOR AGGREGATE POST-RETIREMENT COMPENSATION. THESE AMOUNTS WERE INCLUDED IN THE RECIPIENTS' W-2 FOR 2012 AND ARE REPORTED IN PART II, COLUMN (B)(III). PART I, LINE 7 THE AGENCY SETS BASE PAY AND TOTAL PAY (I.E., INCLUDING "INCENTIVE" OR "AT RISK" COMPENSATION) GENERALLY WITH REFERENCE TO THE 75TH PERCENTILE OF COMPARABLE ORGANIZATIONS. THE AGENCY HISTORICALLY MAINTAINED AN INCENTIVE COMPENSATION PROGRAM THAT PAID VARIABLE COMPENSATION IF BOTH THE AGENCY AND THE EXECUTIVE MET QUALITY OF CARE, PROGRAM, FINANCIAL AND SIMILAR GOALS ESTABLISHED AT THE BEGINNING OF THE YEAR BY AN EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO THE COMPENSATION AWARD. A NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 64971C2E3 2004-08-19 3162184 TO FINANCE THE PURCHASE AND RENO 0 0 0 B COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT A 521294265 957368FT5 2004-08-19 1217279 TO FINANCE THE PURCHASE AND RENO 0 0 0 C COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT A 521294265 957368GE7 2005-03-23 3160000 TO FINANCE THE PURCHASE AND RENO 0 0 0 D NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649710AE0 2006-03-01 1872309 TO FINANCE THE PURCHASE AND RENO 0 0 0 A 3162184 316000 63244 2782941 2004 0 0 1 1 B 1217279 121000 24336 1071933 2004 0 0 1 1 C 3160000 31600 63200 2780800 2005 0 0 1 1 D 1872309 137059 37446 1697804 2006 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 1 0 0 0 0 0 SCHEDULE K, PART I, BOND ISSUES: (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE: TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: COUNTRY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NASSAU COUNTY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: SUFFOLK COUNTY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NASSAU COUNTY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: SUFFOLK COUNTY INDUSTRIAL DEVELOPMENT AGENCY (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. (A) ISSUER NAME: DORMITORY AUTHORITY OF THE STATE OF NEW YORK (F) DESCRIPTION OF PURPOSE:TO FINANCE THE PURCHASE AND RENOVATION OF PROPERTY. A NASSAU COUNTY INDUSTRIAL DEVELOPMENT AGENCY 112559657 631657HW6 2006-03-01 1025131 TO FINANCE THE PURCHASE AND RENO 0 0 0 B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649710AT7 2006-06-15 6175000 TO FINANCE THE PURCHASE AND RENO 0 0 0 C SUFFOLK COUNTY INDUSTRIAL DEVELOPMENT A 112584714 864768MG8 2006-06-15 1195000 TO FINANCE THE PURCHASE AND RENO 0 0 0 D COUNTY OF WESTCHESTER INDUSTRIAL DEVELOPMENT A 521294265 957368GN7 2006-06-15 3555000 TO FINANCE THE PURCHASE AND RENO 0 0 0 A 1025131 102500 20503 902128 2006 0 0 1 1 B 6175000 432294 2906098 123500 2713108 2006 0 1 1 1 C 1195000 119500 23900 1051600 2006 0 0 1 1 D 3555000 355500 71100 3128400 2006 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 1 0 0 0 0 0 A NASSAU COUNTY INDUSTRIAL DEVELOPMENT AGENCY 112559657 631657JH7 2006-06-15 1550000 TO FINANCE THE PURCHASE AND RENO 0 0 0 B NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649710BL3 2007-02-22 1630290 TO FINANCE THE PURCHASE AND RENO 0 0 0 C NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY 132906040 649438EY0 2007-11-07 1885000 TO FINANCE THE PURCHASE AND RENO 0 0 0 D SUFFOLK COUNTY INDUSTRIAL DEVELOPMENT A 112584714 864768NY8 2007-11-07 990000 TO FINANCE THE PURCHASE AND RENO 0 0 0 A 1550000 155000 1193523 31000 170477 2006 0 1 1 1 B 1630290 109474 32606 170477 2007 0 0 1 1 C 1885000 166204 37700 1681096 2007 0 0 1 1 D 990000 87290 19800 882910 2007 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 C 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 D 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 C 1 0 0 0 0 0 D 1 0 0 0 0 0 A DORMITORY AUTHORITY OF THE STATE OF NEW YORK 146000293 649905S31 2010-06-30 13087712 TO FINANCE THE PURCHASE AND RENO 0 0 0 A 13087712 492000 261754 12333958 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 0 A 1 0 0 0 0 0 JOEL LEVY FORMER CEO SEE PART V 0 DANIEL DERN FAMILY OF COO 71683 EMPLOYMENT 0 RESPONSE TO PART I(C): JOEL LEVY, YAI'S FORMER CEO, IS A PARTICIPANT IN A NONQUALIFIED DEFERRED COMPENSATION PLAN (SERP), A PORTION OF WHICH REMAINS UNPAID. DURING THE FISCAL YEAR ENDED JUNE 30, 2012, YAI WAS ADVISED BY AN INDEPENDENT COMPENSATION CONSULTANT THAT PAYMENT OF THE OUTSTANDING BALANCE OF THE SERP WOULD CAUSE LEVY'S COMPENSATION TO EXCEED A REASONABLE AMOUNT, AND FURTHER ADVISED THAT THE PRESENT VALUE OF THE SERP IN EXCESS OF WHAT IS REASONABLE IS MORE THAN $10 MILLION. UPON RECEIVING SUCH ADVICE, YAI ASKED LEVY TO ACCEPT A REDUCED SERP BENEFIT THAT WOULD CONSTITUTE REASONABLE COMPENSATION. LEVY REFUSED AND ON APRIL 30, 2013, LEVY FILED A LAWSUIT TO COMPEL YAI TO PAY THE ENTIRE SERP AMOUNT, INCLUDING THE PORTION THAT EXCEEDS REASONABLE COMPENSATION, ALL OF WHICH LEVY ASSERTS IS VESTED AND PAYABLE. THE PORTION OF THE SERP THAT EXCEEDS REASONABLE COMPENSATION IS MORE THAN $10 MILLION, AND THIS CONSTITUTES AN EXCESS BENEFIT TRANSACTION. NO ORGANIZATION MANAGERS APPROVED THE PROVISION OF THE SERP BENEFIT TO LEVY KNOWING THAT A PORTION OF THE BENEFIT EXCEEDED REASONABLE COMPENSATION. THIS SUPPLEMENTS THE RESPONSE ON LAST YEAR'S FORM 990 SINCE DISCOVERY OF THE EXCESS BENEFIT TRANSACTION OCCURRED DURING THE CURRENT AND PAST FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 11 YAI EXECUTIVE MANAGEMENT WORKS WITH THE AUDIT FIRM AND OUTSIDE COUNSEL TO PREPARE THE DRAFT 990 FOR BOARD REVIEW. A COPY OF THE COMPLETED FORM 990 IS PRESENTED TO THE BOARD MEMBERS IN ADVANCE OF A TELEPHONIC OR REGULAR MEETING OF THE BOARD. THE BOARD MEMBERS ARE AFFORDED THE OPPORTUNITY TO ASK QUESTIONS AND REQUEST CHANGES (IF THERE ARE PERCEIVED FACTUAL INACCURACIES). THE FINAL FORM 990 IS APPROVED AS PRESENTED OR, IF APPLICABLE, AS CHANGED, BY A MAJORITY VOTE OF THE MEMBERS PRESENT AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS EACH OFFICER, DIRECTOR, TRUSTEE, AND KEY EMPLOYEE COMPLETES A CONFLICT OF INTEREST DISCLOSURE QUESTIONNAIRE. AN AMENDED FORM MUST BE FILED IN THE EVENT OF A MATERIAL CHANGE OF CIRCUMSTANCES. THE COMPLETED FORM SHALL BE REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE CHIEF COMPLIANCE OFFICER AND ANY OTHER STAFF, AS NECESSARY, TO DISCERN IF THERE MAY BE A CONFLICT OF INTEREST IN THE CONDUCT OF AGENCY BUSINESS OR THAT MAY CREATE AN APPEARANCE OF INVOLVING A CONFLICT OF INTEREST. THE CHIEF COMPLIANCE OFFICER SHALL REPORT TO THE BOARD AT LEAST ANNUALLY ON ANY DISCLOSED CONFLICT OF INTEREST. IN THE EVENT THERE IS A CONFLICT OF INTEREST, PURSUANT TO THE CONFLICT OF INTEREST POLICY, THE PERSON WHO HAS THE CONFLICT RECUSES HIMSELF/HERSELF FROM ANY DECISION AND DOES NOT PARTICIPATE IN ANY CONFLICT OF INTEREST DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS ADOPTED A COMPENSATION POLICY (THE "POLICY") FOR COVERED INDIVIDUALS. PURSUANT TO THE POLICY, AN EXECUTIVE COMPENSATION COMMITTEE ("ECC") OF INDEPENDENT DIRECTORS WAS ESTABLISHED TO REVIEW THE COMPENSATION OF ALL EMPLOYEES SPECIFIED AS HAVING A SUBSTANTIAL INFLUENCE OVER THE AGENCY AND WHO RECEIVE REMUNERATION FROM THE AGENCY, INCLUDING THE AGENCY'S SENIOR EXECUTIVES. THE ECC IS ADVISED BY INDEPENDENT COMPENSATION CONSULTANTS AND SEPARATELY RETAINED COUNSEL, WHO OPINE TO THE ECC THAT THE LEVEL OF COMPENSATION PAID AND THE PROCESS BY WHICH COMPENSATION IS ESTABLISHED MEET APPLICABLE IRS REASONABLENESS AND "SAFE HARBOR" STANDARDS. "INTERMEDIATE SANCTIONS" RULES. THE OUTSIDE COMPENSATION CONSULTANTS AND COUNSEL PROVIDE DATA ON COMPENSATION PROVIDED AT COMPARABLE ORGANIZATIONS TO ENSURE THAT THE AGENCY PAYS ONLY REASONABLE COMPENSATION, AND DOES NOT COMPENSATE IN EXCESS OF MARKET NORMS. THE ECC MAKES RECOMMENDATIONS TO THE FULL BOARD. THE ECC'S DECISIONS ARE SUBJECT TO APPROVAL BY THE FULL BOARD PRIOR TO IMPLEMENTATION. IN RESPONSE TO VARIOUS ECONOMIC CHALLENGES, THE BOARD HAS SUBSTANTIALLY REVISED THE AGENCY'S EXECUTIVE MANAGEMENT COMPENSATION POLICIES AND PRACTICES, INCLUDING THE AGENCY'S WRITTEN COMPENSATION PHILOSOPHY AND POLICY. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST FORM 990, PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR SCHEDULE K, PART 1, COLUMN (C) CUSIP# A. 64971C 2E3, 64971C 2FO B. 957368 FT5, 957368 FU2 C. 957368 GE7, 957368 GF4, 957368 GG2 D. 649710 AE0, 649710 AF7, 649710 AG5, 649710 AH3, 649710 AJ9 E. 631657 HW6, 631657 HX4, 631657 HY2, 631657 HZ9, 631657 JA1, 631657 JB0, 631657 JC8 F. 649710 AT7, 649710 AU4, 649710 AV2, 649710 AW0, 649710 AX8, 649710 AY6, 649710 AZ3, 649710 BA7, 649710 BB5 G. 864768 MG8, 864768 MH6, 864768 MJ2, 864768 MK9, 864768 ML7, 864768 MM5, 864768 MN3, 864768 MP8 H. 957368 GN7, 957368 GP2, 957368 GQ0, 957368 GR8, 957368 GS6, 957368 GT4, 957368 GU1, 957368 GV9 I. 631657 JH7, 631657 JJ3, 631657 JK0, 631657 JL8, 631657 JM6, 631657 JN4, 631657 JP9, 631657 JQ7 J. 649710 BL3, 649710 BM1, 649710 BN9, 649710 BP4, 649710 BQ2, 649710 BR0, 649710 BS8, 649710 BT6, 649710 BU3 K. 649438 EY0, 649438 EZ7, 649438 FA1, 649738 FB9, 649738 FC7 L. 864768 NY8, 864768 NZ5, 864768 PA8, 864768 PB6, 864768 PC4, 864768 PD2, 864768 PE0, 864768 PF7, 864768 PG5 M. 649905 S31, 649905 S49, 649905 S56, 649905 S64, 649905 S72, 649905 S80, 649905 S98, 64990 T22, 649905 T30, 649905 T89, 649905 T48, 649905 T55, 649905 T63 YOUNG ADULT INTSTITUTE, INC. (YAI) WAS ORGANIZED AND INCOPORATED IN 1957 UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF NEW YORK STATE. YAI HAS BEEN GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. YAI SERVES PEOPLE OF ALL AGES WITH DEVELOPMENTAL AND LEARING DISABILITIES, FROM INFANTS THROUGH THE ELDERLY, IN A VARIETY COMMUNITY SETTINGS AND AT HOME THROUGH STATE-OF-THE-ART PROGRAMS THAT HELP TO BUILD SKILLS, EXPAND OPPORTUNITIES, AND SUPPORT COMMUNITY LIVING THROUGHOUT THE NEW YORK METROPOLITAN AREA, WESTCHESTER, AND LONG ISLAND. YAI IS A HIGHLY ACCLAIMED PROFESSIONAL ORGANIZATION WITH A NATIONAL IMPACT. THROUGH OUR TRAINING INSTITUTE, ANNUAL INTERNATIONAL CONFERENCE, DEVELOPMENT OF INNOVATIVE TRAINING MATERIALS, RESEARCH AND PUBLICATIONS, YAI PROMOTES THE PROFESSIONAL DEVELOPMENT OF STAFF IN OUR FIELD, WHICH ENHANCES THE LIVES OF CONSUMERS AND THEIR FAMILIES. THROUGH THESE AND OTHER ADVOCACY EFFORTS, WE ELEVATE THE PUBLIC'S AWARENESS OF THE ABILITIES, NEEDS AND RIGHTS OF INDIVIDUALS WITH DISABILITIES. YAI PROGRAMS INCLUDE: RESIDENTIAL SERVICES DAY SERVICES EMPLOYMENT TRAINING AND PLACEMENT FAMILY SUPPORT SERVICES AND RECREATION MENTAL HEALTH AND REHABILITATION CAMPING AND TRAVEL YAI'S MORE THAN 269 PROGRAMS AND DIRECT SERVICES BENEFIT MORE THAN 9,000 INDIVIDUALS AND THEIR FAMILIES DAILY IN 10 COUNTIES THROUGHOUT THE NEW YORK CITY METROPOLITAN AREA. ROCKLAND COUNTY ASSOCIATION FOR THE LEARNING DISABLED 460 WEST 34TH STREET NEW YORK NY 10001 132951835 COMMUNITY AND SUPPORTIVE SERVICES TO DISABLED INDIVIDUALS NY 501(C)(3) LINE 9 N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 YOUNG ADULT INSTITUTE L 568567 COST