DC Surface Transit Inc

“DCST entered into an administrative, financial and management services agreement with Downtown Business Improvement District Corporation until March 2017 and starting April 2017 with Greater Greater Washington, Inc. to receive management and staffing services, office space and other administrative and overhead costs.”

“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 DCST in a calendar year becomes a class A member. For each $5,00 contribution to DCST 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 members vote 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 by laws or as the Board of Directors may designate from time to time.”

“The draft 990 is distributed to the board of directors for their review and approval.”

“Each director, principal officer, and member of a committee with board delegated powers annually signs a statement which affirms that such person: has received a copy of the conflict of interest policy; has read and understand the policy; has agreed to comply with the policy; 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; and when a conflict arises, including voting matters, appropriate actions will be taken according to the organizations policy and procedures.”

“DCST makes its governing documents, conflict of interest policy and financial statements available to the public upon request. The 990 is available online at Guidestar.org”

“Gondola feasibility study $57,544Professional Fees 14,346Total 71,890”