Row New York Inc

“The organization amended its bylaws and made the following significant changes in the composition of the governing body: - the board shall consist of not less than three and no more than twenty-six directors as opposed to a set number. - the chief executive officer and organizational leader is no longer an ex officio member of the board. - section added to provide examples of what may constitute cause for the removal of a board member (section 14). - term limits for board officers are now a max of three two-year terms for a total of six years.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, reviewed by management and is ready to be filed with the internal revenue service, it is electronically sent to the finance committee for review and approval as authorized by the board. A complete copy of form 990 is also shared with all members of the board via email before filing the form. Once the finance committee has approved the return, it is filed with the internal revenue service.”

“Row new york has a written conflict of interest policy that is annually monitored. A conflict of interest arises when the interests of rny and the interest of one of its directors, officers, or key employees are in direct or indirect competition and/or in violation of applicable legal requirements. The director, officers or key employee informs the board member liaison, who will in-turn disclose such conflict to the board finance and audit committee or to the board including disclosure of any material facts. The board finance and audit committee evaluates the conflict of interest and takes necessary actions to solve the matter while preventing or minimizing any risks to rny. The individual removes him or herself from the situation by discontinuing participation in the actions generating the conflict of interest. The individual with the actual or suspected conflict of interest may not be present at or participate in the board or committee deliberation or vote on the matter giving rise to such conflict.”

“The executive director's compensation and the vp of administration's compensation are determined and/or approved by the board's executive committee. The committee reviews form 990's and compensation surveys to compare the salary of senior executives running similarly sized organizations in and around new york city. The salaries of other executive staff of the organization are set by the executive director, as delegated by the board, and are approved by the board's executive committee. Approval of the salaries is documented in a memorandum. The process was last conducted in june 2023.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. In addition, the financial statements, conflict of interest policy, articles of incorporation and by-laws are also available upon written request or by calling the organization directly.”

“The organization contracted with a professional employer organization (peo) for services, including but not limited to, payroll, timekeeping, employee benefits, hr administration and workforce regulatory compliance needs. As the employer of record for tax purposes, forms w-2 and w-3 are issued by the peo and filed under the peo's federal ein. In this co-employment arrangement, the organization is the common law employer and, accordingly, compensation is reported on form 990, part vii, section a and part ix, lines 5-10.”

“The organization has a committee that is responsible for the oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”