Nyc First Inc

“The Organization has two members (David Siegel and Michael Dubno) who were elected by the sole incorporator.”

“The members have the right to appoint individuals to the Board of Directors.”

“The Form 990 is prepared by a third party. The Form 990 goes through a detailed review internally by management. Once the return has gone through this review, the final Form 990 is distributed via email to each member of the Board of Directors with a recommendation to file the return with the IRS.”

“The Conflict of Interest Policy is sent to every Member, Director and Committee Member and signed on an annual basis. In connection with the policy, interested persons must disclose the existence of a conflict and be given the opportunity to disclose all material facts to the Members, Directors, and Committee Members. Interested persons will not be present at committee meetings regarding the proposed transaction or arrangement. To ensure the charity operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews of this policy are conducted. The periodic reviews may, but need not, use outside advisors, but their use will not relieve that governing board of its responsibilities for ensuring the periodic reviews are conducted.”

“The Corporation will enter into a written employment agreement, specifying the date and terms of any arrangement whereby the Corporation will pay compensation to a key employee, prior to paying compensation to any key employee. The Corporation can only enter into an employment agreement for a key employee with the approval of a majority of the Board of Directors. When determining whether to vote for a proposed employment arrangement, the Board of Directors considers information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services, current compensation surveys compiled by independent firms, or actual written offers from similarly situated organizations.”

“All documents are available upon request.”

“Lyudmila Koyenova is an employee of Two Sigma Investments, LP ("TSI") and was paid for the services she provided to NYC FIRST (the Organization) through an administrative contract the Organization has with TSI. Total payments received by TSI for bookkeeping, accounting, and certain administration services for the year ending June 30, 2024 were $7,008. The amount paid to TSI for services rendered includes services provided by other employees of TSI to NYC FIRST, and is not exclusive to Lyudmila Koyenova. The actual amount of compensation paid by TSI to Lyudmila Koyenova for the services rendered to the Organization is not known by the filing Organization.”

“Section 1.263(a)-3(n) Election: NYC FIRST, Inc. 11 E Loop Rd, #6A New York, NY 10044 EIN: 46-2754933 NYC FIRST, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”