Uka Facilities Foundation Inc.

“Joanna Pressman, David Saltzman, Susan Sack and Beth Zolkind have a business relationship.”

“UKA FACILITIES FOUNDATION, INC., HAS ONE CLASS OF MEMBERS THREE OF WHOM ARE CONSIDERED THE INITIAL MEMBERS OF THE CORPORATION. THESE MEMBERS ARE ROBIN HOOD FOUNDATION, ACHIEVEMENT FIRST, INC., AND UNCOMMON CROWN HEIGHTS LLC, A WHOLLY OWNED SUBSIDIARY OF UNCOMMON SCHOOLS, INC. KIPP NEW YORK Facilities, LLC, A WHOLLY OWNED SUBSIDIARY OF KIPP NYC, INC., WAS APPOINTED AS A MEMBER AS OF MAY 24, 2011.”

“Each member shall appoint one director (or such other number of directors as the members determine by unanimous vote), subject to the provision that the number of directors that will constitute the Board will be not less than three nor more than fifteen. Within the specified limits, the number of directors will be determined by resolution of the members, except that, (1) each member shall have the right to appoint at least one director; and (2) no member shall have the right to appoint more directors than any other member.”

“The Form 990 was prepared by a nationally renowned accounting firm in conjunction with the financial department of one of the organization's members. A copy of the draft Form 990 was circulated to the full Board of Directors for discussion and comment. Each Board Member was provided ample opportunity to comment on the information contained in the 990 prior to its electronic filing with the Internal Revenue Service.”

“UKA Facilities Foundation's conflict of interest policy, which is incorporated into UKA Facilities Foundation's By-Laws, places an affirmative obligation on each officer, director and staff member to disclose any contract or transaction in which he or she has an interest at the time that the contract or transaction is considered by the board or committee authorizing the contract or transaction. The policy also requires each officer, director and staff member to furnish an annual conflict of interest disclosure statement.”

“UKA Facilities Foundation did not compensate any employees in 2016. Nevertheless, in the interests of clarity, UKA is disclosing that it received $54,348 in donated services from the Robin Hood Foundation in 2016. Included within the $54,348 in donated services is a portion of the salary ($28,475) of David Saltzman and Susan Sack ($16,526) both of whom serve in the capacity of officer and trustee of UKA Facilities Foundation (and who are reported on the Form 990, Part VII).”

“The Foundation's Form 990 is made available to all members of the public at the organization's place of business and is likewise available on www.guidestar.org. The Foundation's governing documents, financial statements and conflict of interest policy are available to the public upon request and at management's discretion. FORM 990, PART XI, LINE 9 In 2016, the seven-year tax credit period for the New Markets Tax Credit transaction that was entered into to fund a portion of the construction for the Uncommon Achievement Charter High School expired and the parties to the transaction, including UKA, elected to unwind the transaction. As a result, UKAs obligation under various note agreements was effectively cancelled resulting in UKA recognizing a gain of $20,785,062.”