Noma Parks Foundation

“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.”

“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. 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 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 978,676. Management and general expenses 0. Fundraising expenses 0. Total expenses 978,676. Concept design: program service expenses 49,093. Management and general expenses 0. Fundraising expenses 0. Total expenses 49,093. Environmental studies: program service expenses 4,871. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,871. Other professional fees/consulting: program service expenses 0. Management and general expenses 57,399. Fundraising expenses 0. Total expenses 57,399.”