Ndc Support I Inc.

“National council for community development, inc. Dba the national development council is the sole member of the organization.”

“National council for community development, inc. Dba the national development council (ndc) is the sole voting member of ndc support i, inc., which means ndc (as a corporation) has the power to elect the directors of ndc support i, inc.”

“Decisions subject to approval of members: the directors of ndc support i shall be elected by the board of directors of the national council for community development, inc. ("ndc"), the sole member of ndc support i, at the annual meeting of ndc. The board of directors shall have the power to amend the articles of incorporation and the power to alter, amend or repeal the bylaws or adopt new bylaws, subject, however, to the approval of the sole voting member.”

“The form 990 was prepared by outside tax preparers in consultation with management and auditors. A draft of the full form 990 was provided to the entire board for review. A complete copy of the final form 990 was provided to the organization's entire board before it was filed with the irs.”

“All members of the ndc board of directors and executive employees are required to annually execute a conflict of interest and compensation guidelines acknowledgement stating that they have received, read and understand, and agree to comply with the conflict of interest and compensation guidelines. The conflict of interest and compensation guidelines require board members and executive employees to disclose any potential conflicts of interest immediately. The chairperson of the board will upon notification of such an event appoint a disinterested person or committee to investigate alternatives to the proposed transaction. Violations of the conflict of interest policy can result in appropriate disciplinary and corrective action. Also all board members by executing the conflict of interest and compensation guidelines acknowledge that they share the responsibility of ndc and ndc support i to remain faithful to the organization's charitable purposes.”

“Compensation process for top official: there is a standing compensation review committee, the members of which are all independent directors. The committee engages a third party independent consultant to review the compensation of the president every two years. The committee reviews and discusses the findings at a special session with all board members present except the president.”

“Ndc support i voluntarily makes available its governing documents, forms 1023, and 990 available upon request for the same period of disclosure as set forth in section 6104(d). Form 990 is also available on www.guidestar.org.”

“Ndc serves as the common paymaster for ndc, ndc support i, inc., ndc housing and economic development corporation (hedc) and grow america fund, inc. (gaf). As common paymaster, ndc has allocated employees' salaries and benefits between these organizations based on hours worked by employees for the respective organizations. Board members are compensated for their service for related organizations, not for their service as a board member.”

“Ndc has established both a qualified pension plan and a nonqualified deferred compensation plan for the benefit of its employees. The nonqualified deferred compensation plan is defined in section 457(f) of the internal revenue code. Ndc's qualified pension plan has various benefit limitations. The benefits under the nonqualified pension plan are generally not vested until completion of substantial requirements. However, the benefits under this nonqualified deferred compensation plan become taxable to the individual upon vesting, even though the benefit may not be payable until a later year or years. The taxable amount is the respective individual's lump sum equivalent of the deferred benefit.”

“Chairman compensation and in-kind grant: ndc has made an in-kind grant to the jefferson awards for public service (japs). At the behest of the ndc board of directors, ndc's chairman samuel beard has been asked to work as the chief executive of japs. Japs is a 501(c)(3) public charity that honors and promotes community leadership and achievements in public service and shares comparable goals of ndc. Through its mission, japs promotes and empowers minorities and low-income community residents to become community leaders thereby advancing the mission of ndc to create economic opportunity and provide training in low income communities.”

“The sole mission of ndc support i, inc. Is to support the national council for community development whose mission is to create economic opportunity, affordable housing and to stengthen communities in underserved areas accross the united states.”

“Ndc support i, inc. Is a type 1 supporting organization whose sole mission is to support the mission of the national council for community development, inc. Dba the national development council ("ndc"), a 501(c)(3) corporation. Through affordable housing and economic development ndc is one of the nation's leading organizations supporting low-income people and communities.”