Friends of the High Line Inc

“Two board members, philip aarons and mario palumbo, are partners in the same for-profit corporation. A third board member, gary handel, provides services to their corporation.”

“The 990 is prepared by the organization's senior director of finance and reviewed by the chief operating officer. The 990 is then forwarded to the organization's accounting firm for final review. The senior director of finance presents the 990 to the audit and finance committee of the board. The 990 is then made available to board members for review at a board meeting before the return is filed.”

“To ensure the organization regularly and consistently monitors and enforces its conflicts of interest policy, each director, officer and member of a committee with powers delegated by the board shall annually sign a statement that affirms such person: a) has received a copy of the conflict of interest policy; b) has read and understands the policy; c) has agreed to comply with the policy; d) has completed, reviewed or updated their conflict of interest disclosure e) understands that fhl is a charitable organization and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. The audit and finance committee oversees the implementation of, and compliance with, fhl's conflicts of interest policy. Upon the first knowledge by an interested person that fhl or the board or a committee thereof is considering or has considered a transaction, agreement or other arrangement with an entity or individual in which the interested person has an interest, the interested person must disclose in good faith the existence of, and material facts concerning, his or her interest to the audit and finance committee of the board (the "audit committee"). The audit committee shall then determine, by a vote of not less than a majority of the members of the audit committee present at the meeting, whether the transaction, agreement or other arrangement is fair, reasonable and in the best interests of fhl at the time of such determination and shall make a decision whether to enter into the transaction, agreement or other arrangement in accordance with such determination. With respect to any related party transaction in which an interested person or his or her related parties has a substantial financial interest, in determining whether the transaction, agreement or other arrangement is fair, reasonable and in the best interests of fhl, the audit committee shall review available information regarding the cost and benefit of comparable alternative transactions, agreements or other arrangements, if any.”

“Before the start of each fiscal year, the organization's compensation committee compares the proposed compensation of each member of the executive team with peer non-profit organizations. The committee also evaluates each executive team member's performance to ensure that proposed annual increases are appropriate.”

“BY WRITTEN REQUEST.”

“Amounts reflected in the 2019 form 990 for the year ended december 31, 2019 have been rounded to the nearest thousand to conform with the presentation in fhl's audited financial statements.”