Noma Parks Foundation

“The corporation'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 shall be as 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.”

“A draft form 990 is prepared by an outside accounting firm and is reviewed by management. The final draft 990 is provided to the treasurer for review and then shared with the executive committee for approval. The draft 990 will then be provided to the board of directors prior to filing with the irs.”

“Persons covered by the policy will annually disclose or update to 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 as a list of family members, substantial business or investment holdings, and other transactions or affiliations with businesses and other organizations or those of family members.”

“The corporation has no employees. All staff is furnished by the noma improvement association (noma bid). The process for determining compensation of noma bid employees is based on a review of comparable positions in other bids in the dc area. The president reviewed all employee compensation and memorialized decisions in employee hr files in 2013.”

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

“Architects & engineers: program service expenses 63,068. Management and general expenses 0. Fundraising expenses 0. Total expenses 63,068. Design: program service expenses 41,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 41,000. Dc office of planning grant expenses: program service expenses 98,832. Management and general expenses 0. Fundraising expenses 0. Total expenses 98,832. Other professional fees: program service expenses 0. Management and general expenses 12,794. Fundraising expenses 0. Total expenses 12,794. Bank fees: program service expenses 0. Management and general expenses 25. Fundraising expenses 0. Total expenses 25. Miscellaneous: program service expenses 0. Management and general expenses 3,082. Fundraising expenses 0. Total expenses 3,082.”