DC Surface Transit Inc

“Dcst has entered into a memorandum of understanding with the downtown business improvement district corporation, an affiliated not-for-profit organization, to receive services,including management, marketing and staffing services, office space, and other specified administrative and overhead costs. The memorandum is effective october 1, 2015 through september 30, 2016. The management fee for the year ended september 30, 2016, totaled $52,422.”

“The organization has two class of members class a and class b - class a is the only type of member that has voting rights.”

“An organization that contributes at least $5,000 to the organization in a calendar year becomes a class a member. For each $5,000 contribution to the organization in a calendar year, a class a member has one vote that it casts, in that year, including the election of the board of directors, provided that in no case a class a member's votes on a matter exceeds 1/3 of the total number of votes that may be cast by all the class a members on that matter.”

“A class a member has one vote that it may cast in that year with respect to matters provided in the bylaws or as the board of directors may designate from time to time.”

“The outside accountants prepare the form 990 and provide it to the cfo, who shares it with the board of directors before it is filed.”

“Each director, principal officer, and member of a committee with board delegated powers annually signs a statement which affirms that such person - a ) has received a copy of the conflict of interest, b ) has read and understands the policy, c ) has agreed to comply with the policy, and d ) understands that the corporation is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. When a conflict arises, including voting matters, appropriate actions will be taken according to the policy and procedure.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Ddot contribution: program service expenses 4,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,000. Gondola project expense: program service expenses 147,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 147,900. Transportation demand management: program service expenses 85,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 85,000. Ddot tco reimbursement: program service expenses 100,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 100,000.”