New York Landmarks Conservancy Inc.

“The conservancy has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate: when the form 990 has been reviewed by management and is ready to be filed with the internal revenue service, it is submitted electronically to members of the conservancy's governing body for any comments prior to its submission. The governing body is provided with sufficient time to review the prepared form 990 and provide their comments. Any comments are then grouped, summarized and forwarded to the compliance officer or committee in charge of filing the return for their review. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The conservancy currently has in place a conflict of interest policy which it annually monitors and enforces. The board currently mandates that all members of management and the governing body annually sign a conflict of interest policy and disclose any potential or actual conflicts that may exist. The signed conflict of interest policy is kept on file and board members may not vote on an issue on which they have a conflict.”

“The board of directors is responsible under applicable laws, codes, regulations and best practices to evaluate and set compensation for the executive director and other key employees as determined by the board.”

“The conservancy makes its form 990 available for public inspection as required under section 6104 of the internal revenue code as posted on guidestar.org and other similar types of websites. In addition forms 990 and 1023 as well as the financial statements, conflict of interest policy and governing documents are available upon written request at 1 whitehall street, new york, ny 10004 or by calling the organization directly at (212) 995-5260.”

“Construction: program service expenses 304,931. Management and general expenses 0. Fundraising expenses 0. Total expenses 304,931. Conservation fees: program service expenses 641. Management and general expenses 94. Fundraising expenses 165. Total expenses 900. Temp labor: program service expenses 305. Management and general expenses 45. Fundraising expenses 79. Total expenses 429. Public relations: program service expenses 31,616. Management and general expenses 4,630. Fundraising expenses 8,154. Total expenses 44,400. Board member search: program service expenses 4,272. Management and general expenses 626. Fundraising expenses 1,102. Total expenses 6,000. Architect: program service expenses 119,906. Management and general expenses 0. Fundraising expenses 0. Total expenses 119,906.”

“Recapture of grants 50,000.”

“This process has not changed from the prior year.”