Build Public DBA Place Lab

“There are no family relationships among the Directors. Former director Lou Vasquez, who left the Board in March 2017 and Director Michael Yarne in 2017 had business relationships with each other apart from Build Public. For part of 2017, both were principals of BUILD, a private real estate development firm. BUILD has three other principals. In 2017 both Vasquez and Yarne were also owners and members of three separate management LLCs that manage three separate real estate investment LLCs in which they are non-controlling members. Those entities are: 650 Indiana Management LLC which manages 650 Indiana Investment LLC, 1532 Harrison Management LLC which manages 1532 Harrison Investment LLC, and One Oak Investment LLC which partially manages One Oak Owners LLC. Michael Yarne is no longer a shareholder or partner in BUILD, but remains an economic member & investor in the three above-listed LLCs.”

“Board of Directors reviewed a PDF of the Form 990 and approved it by majority vote, with quorum present, at its quarterly meeting in May 2018.”

“All Board Members have been made aware of the conflict of interest policy. Any new agreements are reviewed and evaluated for possible conflicts of interest.”

“Build Public has a Board Approval of Compensation Policy, and in compensating its employees in 2017 it paid below or at what it understood to be market rate compensation for similarly skilled people in similarly situated nonprofits”

“The Board reviews the compensation paid by similar organizations in the area to key employees to arrive at comparable rates to pay its current key employees. The Board will follow this same procedure for any additional employees that it may hire as the need arises”

“Build Public's financial statements, bylaws and articles of incorporation are publicly available on its website www.buildpublic.org. Additional governing documents such as conflict of interest policy, whistleblower statement, Board member agreements, and document retention policy are all available upon request by emailing [email protected].”

“In 2017, Build Public received a total of $89,122.65 in grant funding from the City and County of San Francisco. However, because $30,876.85 was directly passed through to project-related consultants and materials and not retained by Build Public, this 990 reflects $58,245.80 as the amount of funding received and retained by Build Public from the City and County of San Francisco.”