Madison Square Park Conservancy Inc.

“The board of directors of the conservancy, per the organization's by-laws, has designated from among its members, an executive committee. This committee has all the authority of the board, except to the following matters: 1. The submission to the board of directors of any action requiring directors' approval under the law; 2. The filling of vacancies in the board; 3. The amendment or repeal of the by-laws, or the adoption of new by-laws; 4. The amendment or repeal of any resolution of the board which by its terms, shall not be so amendable or repealable. The committee will consist of the board chairperson, the officers of the board and the heads of the standing committees. The board chairperson may recommend to the executive committee that additional members be appointed, subject to board approval.”

“The may 2021, september 2021, and december 2021 board of trustees meeting minutes were prepared and approved in april 2022.”

“The february 2021, june 2021, and october 2021 finance committe meeting minutes were prepared and approved in april 2022.”

“The 990 is reviewed by the organization's executive director, business operations manager, treasurer, and the audit, finance and investment committee. The final 990 is provided to the board of directors prior to filing.”

“Per the organization's by-laws, a conflict of interest is deemed to exist whenever an individual is in the position to approve or influence corporation policies or actions which involve or could ultimately harm or benefit financially: a. The individual; b. Any member of his immediate family; or c. Any organization in which he or an immediate family member is a director, trustee, officer, member, partner or more than 10% shareholder. A director or officer who has or learns about a potential conflict of interest should disclose promptly to the secretary of the corporation the material facts surrounding any actual or potential conflict of interest. Following receipt of information concerning a contract or transaction involving a potential conflict of interest, the board will consider the material facts concerning the proposed contract or transaction and will approve only those contracts or transactions in which the terms are fair and reasonable to the corporation and the arrangements are consistent with the best interest of the corporation. Any contract or transactions must be approved by a vote without counting the vote(s) of interested parties. When/if such issues arise, they are brought to the attention of the executive committee for vetting and, if deemed necessary, would be brought to the attention of the full board. Any interested parties would be recused from such discussions when applicable.”

“The executive committee vets and approves compensation packages for the president/executive director and senior staff (i.e. President; chief operating officer; chief of staff) on an annual basis. The committee reviews a compensation chart representing senior leadership positions in similarly sized organizations in nyc. This chart is updated annually with current information through review of guidestar, 990's, ny non-profit network annual salary survey, and phone calls to other organizations to collect data.”

“These documents are available to the public upon request.”

“Other professional fees: program service expenses 550,090. Management and general expenses 22,546. Fundraising expenses 400. Total expenses 573,036. Public relations services: program service expenses 64,170. Management and general expenses 0. Fundraising expenses 0. Total expenses 64,170. Park security: program service expenses 353,768. Management and general expenses 0. Fundraising expenses 0. Total expenses 353,768. Landscaping: program service expenses 109,980. Management and general expenses 0. Fundraising expenses 0. Total expenses 109,980. Arborists: program service expenses 72,580. Management and general expenses 0. Fundraising expenses 0. Total expenses 72,580. Performers: program service expenses 2,100. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,100. Sound engineers: program service expenses 20,625. Management and general expenses 0. Fundraising expenses 0. Total expenses 20,625. Program consultants: program service expenses 2,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,500. Artist - studio: program service expenses 40,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,000. Fabrications: program service expenses 238,160. Management and general expenses 0. Fundraising expenses 0. Total expenses 238,160. Installation/deinstallation: program service expenses 45,445. Management and general expenses 0. Fundraising expenses 0. Total expenses 45,445. Essayists/editors: program service expenses 3,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,600. Photographer fees: program service expenses 5,000. Management and general expenses 4,000. Fundraising expenses 0. Total expenses 9,000. Pest management: program service expenses 22,646. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,646. Horticulture: program service expenses 16,617. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,617. Garbage removal: program service expenses 26,951. Management and general expenses 0. Fundraising expenses 0. Total expenses 26,951. Snow removal: program service expenses 3,200. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,200. Translator: program service expenses 903. Management and general expenses 0. Fundraising expenses 0. Total expenses 903. Payroll service fees: program service expenses 0. Management and general expenses 25,171. Fundraising expenses 0. Total expenses 25,171.”

“Net assets released from restriction related to noncash pledge for donated use of facilities under long-term lease -150,000.”