African American Planning Commission Inc

“Board director (secretary) dr. Onyekwere onwumere is the sister-in-law of aapci ceo matthew okebiyi. Dr. Onwumere recuses herself from any related party transactions and other potential conflicts of interest in compliance with aapci's conflict of interest policy.”

“The board of directors amended the by-laws in june 2024. The changes to the by-laws include an update to the maximum number of voting directors, defining the annual meeting, updating quorum, and explicitly including the audit committee by language rather than reference.”

“The form 990 was prepared by an independent accounting firm in conjunction with the aapci finance department, and approved by the audit committee of the board of directors prior to being filed with the internal revenue service”

“The conflict of interest policy is appended to the organization's by-laws. Directors and officers are required to disclose any potential conflicts of interest on conflict of interest disclosure forms both prior to being elected and thereafter on an annual basis. In the event of a potential conflict, the interested party will recuse themselves from any deliberation and voting on the matter giving rise to the conflict, and the existence and resolution of any potential conflict is documented in the corporate records.”

“The compensation of the chief executive officer and other key employees is determined and approved by the disinterested members of the board of directors based on various factors, including comparability data for organizations of similar size, type, scale, and complexity, as well as industry surveys and review of relevant publicly available information. All board compensation decisions are adequately documented in the corporate records, and are revisited from time to time as appropriate.”

“Aapci's form 990 is available on various third-party websites, including on 'guidestar', the irs website, and the nys attorney general's website.”

“Payroll processing fees: program service expenses 187,913. Management and general expenses 24,274. Fundraising expenses 0. Total expenses 212,187. Service contracts: program service expenses 23,983. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,983. Security: program service expenses 7,975,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,975,100.”

“The organization has an audit committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

“The organization had a prior period adjustment for accumulated depreciation at june 30, 2024 includes a prior period adjustment of $2,297,484 pertaining to depreciation on the building which was not recorded prior to fiscal year 2024.”