The United Methodist City Society

“One board member, Mr. James Perkin, Esq., as Chancellor of the New York Annual Conference (NYAC) of the United Methodist Church is considered to have an ongoing business relationship with certain other Board members, including the Resident Bishop of the NYAC, Thomas Bickerton and the Rev. Sungchan Kim, Rev. Julia Yim, Rev., and Rev. Simeon Law, who serve as Superintendents of districts within the NYAC. Further, other board members including the Revs. Leo Curry, Richard Hayes, Wendy Modeste, Suhee Kim, T. Anne Daniel, Noel Chin, Sara Giron-Ortiz, Matthew Curry, Denise Smartt Sears, William Shillady and Mr. James Perkins, are serving in various church appoinments approved by the NYAC Resident Bishop and the above mentioned District Superintendents.”

“The management of the UMCS prepares its form 990. Management 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 submitted electronically to members of the organization's audit committee for any comments prior to it submission. UMCS's independent auditors also get sent an electronic copy for them to review / make comments. Feedback from the Audit Commitee and the auditors are received. Each issue is documented and addressed before the filing of the return.”

“The UMCS currently has in place a conflict of interest policy which it annually monitors and enforces. Both prior to his/her initial hire/election and annually thereafter, each principal officer and members of the board of directors or a board committee with the board of directors delegated powers, shall annually sign and submit to the secretary, a statement which affirms, to the best of his/her knowledge, such person has received a copy of the conflict of interest policy, has read and understands the policy, has agreed to comply with the policy, knows of no undisclosed conflicts, and understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its tax-exempt purposes. The secretary shall provide copies of all such statements to the chair of the audit committee who then summarizes exceptions taken in a written report to be reported to the Board of Directors.”

“The UMCS has established a written compensation policy for its personnel and adminstration committee to follow in establishing the compensation for the CEO/Executive Director, other officers or key employees. The policy mandates that executive compensation be periodically reviewed by the compensation committee and that the members of the committee should be free of conflicts of interest. In addition, the approving personnel and adminstration committee reviews appropriate and adequate data to determine the reasonableness of compensation being considered. The personnel and adminstration committee uses a variety of information and studies that are available to determine that the appropriate level of compensation is paid to its executives. The personnel and adminstration committee's decision on the amount of compensation paid is required to be adequately documented in a contemporaneously written format and should document the date of the decision, the members present during the decision and those who voted on it, the full terms of the transaction that was approved and the comparable data used and relied upon to make the decision. The compensation review process for the CEO/Executive Director, top management officials, other officers or key employees is done annually.”

“The UMCS makes its form 990 available for public inspection as required under section 6104 of the Internal Revenue Code. The organization's form 990 as well as the financial statements, and conflict of interest policy are available upon written request at 475 Riverside Dr., Rm. 1922, New York, NY 10115 or by calling the organization directly at 212-870-3084.”