Trust for the National Mall

“The organization does not have committees with the power to act on behalf of the board.”

“The return was prepared by outside accountants and reviewed by senior management. It was then provided to the all members of the governing body for review and comments before filing.”

“All employees of the trust must avoid and/or disclose any activity or associations which would in any way compromise their actions on behalf of the trust and create a conflict of interest. The term "conflict of interest" describes any circumstance that would cast doubt on an employee's ability to act with objectivity with regard to the interests of the trust. Activities which could raise a question of conflict of interest include, but are not limited to the following: - to conduct business on behalf of the trust with the employees' relative or an individual with whom the employee has a romantic or personal relationship, or with a business trust or firm in which the employee, or the employee's relative or individual with whom the employee has a romantic relationship has a significant association, which could give rise to a conflict of interest, without first disclosing the relationship and obtaining written approval from an officer of the trust. - to serve in an advisory, consultative, technical or managerial capacity for any nonaffiliated business trust without first obtaining written approval from the president of the trust. - to solicit or accept personally monetary payments or tangible gifts with a value greater than $100.00 from any person or firm with whom the trust does business without reporting the matter immediately to the employee's supervisor. In order to maintain the integrity of the trust, and to avoid even the appearance of impropriety, it is essential that employees disclose any potential conflict of interest to their supervisor as soon as they become aware of such a potential conflict. If employees have even the slightest concern that a particular conduct may constitute a conflict of interest, they should contact their supervisor. Material conflicts of interest: individuals covered by this policy do not solicit or enter into financial transactions with the trust except upon the following conditions: - the individual involved identifies the potential conflict to the board or committee; - the individual fully discloses all facts relevant to the proposed financial transaction; - the board or committee conducts appropriate due diligence in determining whether to enter the proposed transaction; - the individual absents him or herself from the meeting during any discussion of the matter and refrains from voting on it, and - the minutes of the meeting of the board or committee reflects that the conflict of interest was disclosed, that the interested person was not present during the final discussion or vote, and that the interested person did not vote. Recognizing that many contracting and other financial commitments are entered into by authorized staff and not the board or committee, a board member has an affirmative duty to disclose any interest in any financial transaction with the trust. Interests include that of the individual and related parties. Such transactions will be discouraged and evaluated on a case-by-case basis. Exceptions will only be permitted if the transaction is in the best interest of the trust and the transaction is approved by the executive committee or board in accordance with the conditions outlined above. This provision will continue to apply for a period of one year after the board member's board service ends.”

“The trust for the national mall utilizes salary survey market information and the use of an outside professional recruiting firm. The compensation process is discussed and documented in staff employment contracts. The last compensation review took place in december 2024. Together, the president, finance committee and board are responsible for determining the compensation of other officers and staff.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“During the year the organization implmented a new program, educational experiences. See part iii, line 4b for more detail.”

“Net professional fees: program service expenses 989,914. Management and general expenses 17,135. Fundraising expenses 303,015. Total expenses 1,310,064. Public relations: program service expenses 530,229. Management and general expenses 9,178. Fundraising expenses 162,304. Total expenses 701,711. Contracted maintenance services: program service expenses 255,955. Management and general expenses 4,430. Fundraising expenses 78,348. Total expenses 338,733. Human resources: program service expenses 94,646. Management and general expenses 1,638. Fundraising expenses 28,971. Total expenses 125,255. Fundraising & stewardship: program service expenses 85,128. Management and general expenses 1,474. Fundraising expenses 26,058. Total expenses 112,660. Campaign, feasibility, studies: program service expenses 538,099. Management and general expenses 9,314. Fundraising expenses 164,714. Total expenses 712,127.”

“Gain on termination of lease 393,838.”