Nyc First Inc.

“The Organization has four members 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 person 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.”

“NYC FIRST's STEM Centers provide high school students with immersive and sustained STEM education focused on technology and engineering. In a centralized location, each STEM Center provides local high schools with access to facilities and equipment too scarce and expensive to procure, maintain and scale in individual schools. The centers also provide the opportunity for students and teachers to learn from our professionals who have deep knowledge of advanced STEM machines and tools. Each STEM Center provides a hands-on, collaborative learning experience initially focused on robotics and mechatronics, using advanced equipment and tools, including laser cutters, 3D printers, CNC routers, drill presses, and other items. Students create and develop their own projects, learn 21st century skills, and gain critical knowledge, training and experience. Courses are conducted in immersive half-day blocks of time, without the strict time boundaries of typical classroom periods.”

“Section 1.263(a)-3(n) Election: NYC FIRST, Inc. 100 Avenue of the Americas, 16th Fl. New York, NY 10013 EIN: 46-2754933 NYC FIRST, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”