Gateway Arch Park Foundation

“The irs form 990, prepared by certified public accountants, was reviewed by the foundation's management, accountant, board chairman, treasurer, and the audit/finance committee prior to filing. It was also distributed to the full board of trustees prior to filing.”

“In accordance with the foundation's conflict of interest policy, all board members and key employees are required to annually sign a statement disclosing any known interests that could give rise to a potential conflict of interest.”

“The compensation of the executive director is reviewed and approved in advance by the foundation's board of trustees or a delegated committee of the board of trustees (the approval body) who do not have a conflict of interest with respect to the compensation arrangement. When considering compensation, the approval body relies on comparability data that demonstrates the fair market value of the compensation in question. This data may include expert compensation studies by independent firms, written job offers for positions at similar organizations, documented telephone calls about similar positions at both nonprofit and for-profit organizations, and information obtained from the irs form 990 filings of similar organizations. The approval body must document its decision and how it was reached including the terms of the compensation and the date it was approved, the members of the approval body who were present during the discussion on the compensation that was approved and those who voted on it, the comparability data obtained and relied upon and how the data was obtained, and any actions taken with respect to consideration of the compensation by anyone who is otherwise a member of the approval body but who had a conflict of interest with respect to the decision on the compensation.”

“Management and/or the board of trustees will consider requests for governing documents, conflict of interest policy and financial statements on a case by case basis. In addition, public versions of tax returns can also be provided if specifically requested.”

“Gateway arch park foundation is the nonprofit conservancy and philanthropic partner of gateway arch national park and its surrounding areas in downtown st. Louis. The foundation was initially formed as part of the public-private partnership to fund and coordinate the design and development of the cityarchriver project, which transformed and enhanced the gateway arch national park experience for everyone. Today, the foundation supports the ongoing implementation of this transformative plan by providing funding for the park's conservation, preservation, and educational opportunities for students, educators, and the public. The foundation also has expanded its outreach to focus on hosting and promoting free community events on the grounds to activate these renewed spaces. This not only promotes local businesses and entrepreneurs who serve as event vendors, but it gives the entire st. Louis region an opportunity to invigorate the jewel of st. Louis and make the gateway arch a destination of choice for generations to come.”

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