Los Angeles Parks Foundation

“Form 990 review the initial draft form 990 is prepared by the tax accountant and forwarded to the executive director. The draft form 990 is presented, reviewed and discussed at a regularly scheduled meeting of the finance committee. After making any necessary modifications, the final version form 990 as filed is distributed to each voting member of the board at a regularly scheduled board meeting.”

“Conflict of interest policy all interested persons are subject to the organization's conflict of interest policy and must disclose actual or possible conflicts and/or the existence of a financial interest relating to a proposed transaction or arrangement. Determination of whether a conflict exists is made by the board or committee with the interested person not present. In the event that the board or committee determines that a proposed transaction or arrangement presents a conflict of interest, the following actions are taken: (a) the interested person may make a presentation to the board or committee, but after the presentation, shall leave the meeting during any discussion of, and voting on, the proposed transaction or arrangement. (b) the chairperson of the board or committee shall, if appropriate and at his or her own discretion, appoint an individual, who is not an interested person, or committee, comprised of individuals who are not interested persons, to investigate alternatives to the proposed transaction or arrangement. (c) after exercising due diligence, the board or committee shall determine whether the organization can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. (d) if a more advantageous transaction or arrangement not producing a conflict of interest is not reasonably possible under the circumstances, the board shall determine by a majority vote of the directors, without counting the vote of any interested person, whether the transaction or arrangement is in the organization's best interest, for its own benefit, and whether it is fair and reasonable. No conflicts were discovered during the calendar year covered by this return.”

“DOCUMENTS AVAILABLE TO THE PUBLIC Governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Copies are provided with or without charge as determined on a case by case basis and sent via U.S. mail.”

“Determination of compensation the board of directors meets to review and discuss wages of key personnel.”

“The organization amended and restated its articles of incorporation on october 28, 2024. These were filed with the california secretary of state on november 1, 2024.”

“Corazon rios succeeded tony budrovich as secretary. She was installed as secretary at the september 18, 2024 meeting of the baord of directors.”

“Donated use of facilities donated rent income $48,000 donated rent expenses ($48,000)”

“Other programs include adopt-a-park, la park forest, donate-a-bench, park special events, and smaller projects. These projects provide for individuals and community groups to raise private funds for specific parks for small scale improvements and enhancements.”

“Description:other professional fees total fees:799541”