Simpson Street Development Association Inc.

“Executive director reviews the form and share with members.”

“Conflict of interest policy:it is in the best interest of simpson street development association, inc. To be aware of and properly manage all conflicts of interest and appearances of a conflict of interest. This conflict of interest policy is designed to help directors, officers, employees and volunteers of the simpson street development association, inc. Identify situations that present potential conflicts of interest and to provide simpson street development association, inc. With a procedure to appropriately manage conflicts in accordance with legal requirements and the goals of accountability and transparency in simpson street development association, inc. Operations. 1.conflict of interest defined. In this policy, a person with a conflict of interest is referred to as an "interested person." for purposes of this policy, the following circumstances shall be deemed to create a conflict of interest: a.a director, officer, employee or volunteer, including a board member (or family member of any of the foregoing) is a party to a contract, or involved in a transaction with simpson street development association, inc. For goods or services. B.a director, officer, employee or volunteer, (or a family member of any of the foregoing) has a material financial interest in a transaction between simpson street development association, inc. And an entity in which the director, officer, employee or volunteer, or a family member of the foregoing, is a director, officer, agent, partner, associate, employee, trustee, personal representative, receiver, guardian, custodian, or other legal representative. C.a director, officer, employee or volunteer, (or a family member of the foregoing) is engaged in some capacity or has a material financial interest in a business or enterprise that competes with simpson street development association, inc. Other situations may create the appearance of a conflict, or present a duality of interests in connection with a person who has influence over the activities or finances of the nonprofit. All such circumstances should be disclosed to the board or staff, as appropriate, and a decision made as to what course of action the organization or individuals should take so that the best interests of the nonprofit are not compromised by the personal interests of stakeholders in the nonprofit. Gifts, gratuities and entertainment. Accepting gifts, entertainment or other favors from individuals or entities can also result in a conflict or duality of interest when the party providing the gift/entertainment/favor does so under circumstances where it might be inferred that such action was intended to influence or possibly would influence the interested person in the performance of his or her duties. This does not preclude the acceptance of items of nominal or insignificant value or entertainment of nominal or insignificant value which are not related to any particular transaction or activity of simpson street development association, inc. Definitions. A.a "conflict of interest" is any circumstance described in part 1 of this policy. B.an "interested person" is any person serving as an officer, employee or member of the board of directors of simpson street development association, inc. Or a major donor to simpson street development association, inc. Or anyone else who is in a position of control over simpson street development association, inc. Who has a personal interest that is in conflict with the interests of simpson street development association, inc.. C.a "family member" is a spouse, parent, child or spouse of a child, brother, sister, or spouse of a brother or sister, of an interested person. D.a "material financial interest" in an entity is a financial interest of any kind, which, in view of all the circumstances, is substantial enough that it would, or reasonably could, affect an interested person's or family member's judgment with respect to transactions to which the entity is a party. E.a "contract or transaction"”

“Other official and key employees' compensation are determined by the availability of funds of nyc depratment of youth and community development.as a result, it is being reviewed and dictated by the funding agency.”

“No documents available to the public”