Noma Parks Foundation

“The executive committee shall be composed of the officers of the corporation and other directors as a majority of the board shall designate. The members shall serve for two (2) years. The chairperson of the board of directors shall serve as chair of the executive committee. Between meetings of the board of directors, the executive committee shall manage the affairs of the corporation and have all of the authority of the board of directors.”

“During the tax year, outgoing noma park foundation president, robin-eve jasper, was retained on a contractual basis to supervise and manage the current park projects through completion. Project management services were contracted with elton ventures llc of which robin-eve jasper is the founder & ceo.”

“The foundation's sole member is the noma improvement association (d/b/a noma bid). The sole member shall have the right to vote as provided in the bylaws of the corporation. Any additional rights and duties of the sole member are set forth in the bylaws of the corporation.”

“The sole member has the authority to appoint directors.”

“The sole member has the authority to review and approve amendments to bylaws and articles of incorporation, the acquisition of property or rights in property, and transactions with a value in excess of $500,000.”

“The draft form 990 is prepared by an outside accounting firm, reviewed by management, cfo, and the outside accountants. The final draft 990 is provided to the treasurer for review and then shared with the board of directors prior to filing with the irs.”

“Persons covered by the policy, will annually disclose or update the chairman of the board of directors, on a form provided by the organization, their interests that could give rise to conflicts of interest. Such could be a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those family members. When a conflict of interest arises, the interested party must disclose all material facts and refrain from partcipating in any discussions regarding the convered transaction. The board or chairperson may determine that the transaction giving rise to a conflict of interest is fair and reasonable to the organization. All deliberations involving the conflict of interest are recorded in the minutes of any board or committee meeting. If the covered transaction is approved, the minutes will include any ongoing procedures to manage the conflict. Enforcement of this process is managed by the president.”

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

“Effective october 15, 2014, the noma parks foundation entered into a $50 million grant from the district of columbia. During the year ended september 30, 2023, the foundation completed its obligations under the grant agreement. During the year ended september 30, 2024, the parks foundation created a plan to identify new sources of funding for the foundation to support its mission. No major revenue sources were secured for the fiscal year ended september 30, 2024. As such, the foundation entered a new phase of operation, dedicated to operating within the current financial constraints.”

“Architects and engineers: program service expenses 6,600. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,600. Other professional fees/consulting: program service expenses -2,695. Management and general expenses 14,614. Fundraising expenses 0. Total expenses 11,919. Permits and fees: program service expenses 12,307. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,307.”