City Parks Foundation

“Jean troubh and john troubh have a family relationship.”

“The organization has its form 990 prepared by an outside accounting firm. It is reviewed by the chief financial officer and executive director, and a complete copy is distributed to all members of the board of directors for their review and approval prior to filing. Any comments, changes or recommendations by board members are addressed prior to filing.”

“Cpf has a conflict of interest policy applicable to directors, officers and key employees. When a director, officer, or key employee of theorganization becomes aware that he or she, or his or her family members or related entities, is involved in a conflict transaction: (i) he or she immediately discloses the existence and material facts of the financial interest in the conflict transaction to the audit committee by whom determinations of whether a conflict exists are made, and actual conflicts are reviewed; (ii) he or she participates in the information-gathering stage of the audit committee's discussion but is not physically present during the final deliberation or vote on the conflict transaction; (iii) if a director, he or she does not vote on the conflict transaction; (iv) he or she refrains from improperly influencing the deliberation or vote on the conflict transaction. Each director and officer of the organization is required to furnish a conflict disclosure statement to the secretary of the organization prior to his or her election to the board or as an officer and thereafter on an annual basis.”

“The compensation of the executive director, chief financial officer, and chief operating officer are determined using comparable data of compensation paid at similar organizations, such as forms 990 of other organizations. The executive committee determines and approves the appropriate compensation levels, which are subject to the board's approval. The process was last conducted in 2024 and was documented in the minutes of the committee meeting.”

“Cpf makes its public documents, conflict of interest policy, and financial statements available to the public upon request. Additionally, the form 990 and audited financial statements are available on cpf's website.”

“Fiscal sponsor fees: program service expenses 468,036. Management and general expenses 14,239. Fundraising expenses 7,700. Total expenses 489,975. Consultants & prof. Fees: program service expenses 1,727,174. Management and general expenses 0. Fundraising expenses 29,020. Total expenses 1,756,194. Internship stipends: program service expenses 7,637. Management and general expenses 232. Fundraising expenses 126. Total expenses 7,995. Landscaping services: program service expenses 1,463,443. Management and general expenses 33,167. Fundraising expenses 23,893. Total expenses 1,520,503. Security services: program service expenses 637,573. Management and general expenses 20,918. Fundraising expenses 11,311. Total expenses 669,802. Artist fees: program service expenses 1,587,293. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,587,293. Payroll processing fees: program service expenses 25,521. Management and general expenses 37,639. Fundraising expenses 4,294. Total expenses 67,454.”

“Cpf has a committee that assumes responsibility for the audit of its financial statements and selection of an independent accountant. The process has not changed from the prior year.”