Waterfront Partnership of Baltimore Inc

“The organization contracts with LS Consulting, Inc. to provide its President.”

“The by-laws designate several ex-officio members of the Board of Directors, including two members of the Baltimore City Council (nonvoting) that are selected by the City Council, The Baltimore City Comptroller (nonvoting), a representative of the Mayor of Baltimore selected by the Mayor, and individuals who are appointed to serve as heads of various city departments or agencies. Other ex-officio members include President of the Greater Baltimore Committee, Executive Director of the National Aquarium in Baltimore, Executive Director of the Maryland Science Center, President of Living Classrooms Foundation or his designee, Baltimore City Police Commissioner, and the Mayor's Inner Harbor Coordinator. The three elected officials do not have a vote, nor is attendance counted towards a quorum. A total of ten members of the board are designated for individuals who occupy certain positions. Four members shall include one representative each from the highest assessed value properties in the special benefits district served by the organization.”

“A copy of Form 990 is sent directly to the Chairman, Secretary, and Treasurer for review. All other board members are notified of its availability and a copy provided on request.”

“A standard questionnaire is provided to each board member annually. The questionnaire is designed to elicit information about conflicts of interest. Organizational policy prohibits direct and self-dealing with disqualified persons, subject to exceptions that are properly disclosed, where transactions are at arms-length, and supervised by the Board of Directors. Disqualified persons are not permitted to vote on matters in which they have a real or perceived interest. The questionnaires are reviewed by the President, who is not a board member, and who is responsible to the Executive Committee on any matter that may have a conflict of interest or otherwise requires review or supervision to ensure that any potential conflict of interest is disclosed and dealt with in a manner consistent with IRS requirements and organizational policies. Two disclosures are made about members of the Board of Directors. 1)James Bond, is President of Living Classrooms Foundation, which provides services to the organization under a contract that might have the appearance of a conflict of interest. The contract is to provide training and services at arms-length terms and provides no personal benefit to Mr. Bond. Mr. Bond recuses himself with respect to this contract and Waterfront Partnership of Baltimore. The Board is aware of the contract and has determined at a conflict does not exist. 2) Marco Greenberg is the sole member of Phoenix Real Estate Advisors, LLC. When the Project Manager for the Rash Field project resigned, an agreement was made with Phoenix Real Estate Advisors, LLC. To manage the project. The Board of Directors is aware of the agreement and satisfied that it is at arms-length and has determined that a conflict does not exist. Mr. Greenberg recuses himself on any matter relating to this agreement.”

“The President is provided under a contract with another organization. The amount paid for the President's services has been compared with compensation for other chief executives the Executive Committee believes are comparable.”

“Members of the public may obtain access to the various organizational documents by contacting the President of the organization. Requests may be fulfilled by mailing copies of the documents or by appointment to view the documents. There were no public information requests during the period covered by this tax return.”

“Maintenance $1,175,403; Landscaping $519,652; Hospitality and safety services $1,289,803; Public relations $50,252; Mystery shopper program $6,473; Rash Field phase 2 $1,116,500; Trash wheels operation and maintenance $316,269; Events $200,000; Other professional services $311,386; M&G $894”