CIVIC Hall Labs Inc

“Civic hall labs, inc.'s sole member is the fedcap group, inc.”

“The organization's bylaws reserve the power to the sole member to appoint, replace or remove the board of directors (for any reason at any time).”

“Civic hall labs, inc. Bylaws reserves the following powers to its sole member, the fedcap group, inc.: (a) amend, restate, or revoke its certificate of incorporation or its bylaws; (b) permit or approve its merger or consolidation with or into any other entity or permit or approve its conversion into another form of entity; (c) take any action, or knowingly fail to take any action, as a result of which action or inaction the corporation shall cease to qualify as a not-for-profit organization exempt from taxation under section 501(c)(3) of the u.s. Internal revenue code, as amended (the "code"); (d) adopt a budget or make a material change to an existing budget; (e) divest itself of any line of business, or any other business entity, owned or controlled by it; (f) permit or approve the filing by it of a petition for bankruptcy or the appointment by it of a receiver or commencement of any other insolvency or reorganization proceeding involving it or any of its assets; (g) permit or approve its entering into of any guaranty or surety arrangement for the benefit of any other entity; (h) consent to the entry of a judgment against it; (i) permit or approve the sale of all or substantially all or any material part of its assets; (j) commence a lawsuit or other legal proceeding against any person; (k) admit a new member; (l) permit or approve the acquisition of any business or entity; (m) permit or approve the incurring of any indebtedness for borrowed money; or (n) lease, sublease, acquire, sell or otherwise engage in a real property transaction.”

“Form 990 review process the form 990 was prepared by an independent accounting firm in conjunction with fedcap's financial department. The form 990 is reviewed by senior management prior to distributing a copy to the full board of directors for its review and comment. Upon approval by the board, the 990 is electronically filed with the internal revenue service.”

“Conflict of interest policy monitoring & enforcement civic hall labs, inc. Follows fedcap's conflict of interest policy. Civic hall labs, inc. Adopted the conflict of interest policy of its parent organization, fedcap group, inc. The conflict of interest policy is distributed to the board of directors and to all employees on an annual basis. Individuals are expected to sign the conflict of interest policy and confirm that no conflicts exist. Violations of the policy will subject an employee to disciplinary action or immediate discharge. Employees who have knowledge or suspicion of improper conduct or activities by other employees or outside parties doing business with fedcap, are expected to immediately bring it to the attention of the ceo or director of human resources. Form 990, part vi, section b, line 13: civic hall labs, inc. Adopted the whistleblower policy of its parent, the fedcap group. Form 990, part vi, section b, line 14: civic hall labs, inc. Adopted the document retention policy of its parent, the fedcap group.”

“Civic hall labs, inc. Does not compensate any of the individuals reported on the form 990; that compensation is paid by its parent organization, fedcap group, inc. Civic hall labs, inc. Adopted the compensation process of fedcap group, inc. That process is as follows: the board of directors has established a compensation committee of independent persons that have no personal interest in the proposed compensation agreement. In determining the president's compensation package, the compensation committee conducts an analysis of industry comparables for individuals performing similar job functions. The compensation committee ultimately makes the decisions about the president's compensation and memorializes its decision in the board minutes.”

“Civic hall labs, inc. Makes its form 990 available to the public by retaining a copy at its place of business. The form 990 is likewise published on the internet at www.guidestar.org. The organization's financial statements, governing documents and conflict of interest policy are not ordinarily made available to the public, but, if requested, will be provided at management's discretion.”

“Civic hall's mission is to foster innovation, education, and collaboration in new york city's tech economy with a commitment to expanding opportunities for all. Located in the heart of the nyc tech community at union square, civic hall is a new, 65,000-square-foot learning and training center at the new state-of-the-art zero irving building. In addition to serving as the nucleus for entrepreneurial and educational innovation, civic hall will facilitate groundbreaking partnerships among high-impact tenants and tech training partners to work collectively to meet the needs of all new yorkers, especially those from communities too often left behind.”

“Civic hall is a state-of-the-art institution anchoring union square in new york. It was founded with a simple idea: to connect us for life's richest opportunities in growth, collaboration, and celebration. Civic hall @ union square opened in 2022; it spans six floors and includes a collaborative community space, state-of-the-art conference and events center, and a 42,000 square foot digital learning center (dlc). The dlc includes 16 classrooms to be shared among nyc's leading technology training and job training organizations. Collectively, these organizations help improve access to in-demand tech jobs for all new yorkers by creating a universal entry point for tech skills training, an incubator for successful training models, and a center of excellence for the industry to build and share best practices. The dlc space is intended to serve as a collaborative space where technology training providers prepare new yorkers for jobs in the technology sector. This is accomplished by providing centralized resources and connections across technology job trainers and employers, to create opportunities that develop a more competitive and inclusive workforce. Today, civic hall is driven by purpose unlocking the power of possible in a forum as diverse as the city that it centers. From serving as the home to educational programs and startup companies, to hosting art shows and wedding receptions, no ambition is too bold.”

“The fedcap group provides certain corporate services such as finance, human resources, payroll, legal and information technology, to its affiliated organizations. These services are reimbursed at cost; in fiscal 2024, civic hall labs, inc. Reimbursed $1,554,218 to the fedcap group for these corporate services.”