Bike Share Kc

“Prior to filing the 990 with irs a draft copy of the 990 is provided to the executive director for review. Changes, if any, are communicated and incorporated into the 990. A final copy is then provided to the executive director to be approved for filing.”

“If a board member has an interest in a proposed transaction with the organization in the form of a significant personal financial interest in the transaction or in any organization involved in the transaction he or she must make full disclosure of such interest before any discussion or negotiation of such transaction. Any member who is aware of a potential conflict of interest shall not be present for any discussion of or vote in connection with the matter. A transaction involving a board member may be approved provided the material facts of the transaction and the member's interest are disclosed to the board in advance of approval and the board approves the transaction in good faith reasonably believing it is in the best interest of the organization.”

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

“Bikeshare kc personnel are shared with a related entity, bikewalk kc, noted in schedule r. Bikewalk kc is the reporting employer for bikeshare kc and bikewalk kc personnel. Accordingly, all payroll related filings and reports are issued by bikewalkkc. Bikeshare kc reimburses bikewalk kc for payroll and related expenses allocable to personnel performing services for bikeshare kc. Since bikeshare kc does not directly have employees these fees are reported as line 11a fees paid for management services.”