New Community Leadership Foundation Inc

“The Form 990 is reviewed by the Executive Director and Treasurer prior to submission and is provided to all members of the Board of Directors for review before filing.”

“The organization maintains a written Conflict of Interest Policy that requires all officers directors and key employees to disclose any potential conflicts annually and as they arise. The Executive Director and Board review proposed or ongoing transactions to identify any real or perceived conflicts. Individuals with a conflict recuse themselves from discussions and decisions related to the matter. All disclosures and related actions are documented in the meeting minutes to ensure transparency and compliance with nonprofit governance standards.”

“NCLFs governing documents conflict-of-interest policy and financial statements are available to the public upon request at the organizations San Francisco office or by email at [email protected].”

“| Explanation:| Part VI - Section A - Governing Body and Management. The organization had six voting board members all of whom were independent. All members have equal voting rights and no decisions are delegated to a separate executive committee. The organization maintains written meeting minutes for its board and committees. No officers or directors are related by family or business relationships.”

“| Explanation:| Part VI - Section B - Policies. NCLF maintains a written Conflict of Interest Policy requiring officers directors and key employees to disclose potential conflicts annually and as they arise. The Executive Director and Board review transactions for possible conflicts and any individual with a conflict recuses themselves from discussion and vote. All disclosures and actions are documented in board minutes. The Form 990 is reviewed by the Executive Director and Treasurer and provided to the full Board of Directors for review and approval prior to filing. Governing documents policies and financial statements are available to the public upon request at the organizations office 233 Eddy Street San Francisco CA 94102 or via email at [email protected].”

“| Explanation:| Part VI - Section C - Public Disclosure NCLFs Forms 1023 990 and related governing documents are available to the public upon request at the organizations office. The organization also makes its annual Form 990 available electronically through the IRS website after filing.”

“| Description:, Amount:| Event production marketing graphic design outreach and more, $250000|”

“| Explanation:| Part III - Statement of Program Service Accomplishments During 2024 the New Community Leadership Foundation NCLF continued its mission to provide financial and technical resources to change makers in the arts nonprofit and small-business sectors to strengthen disenfranchised communities across San Francisco. NCLF administered programs that expanded economic and creative capacity for local entrepreneurs and community organizations through four primary service areas: Business Services & Technical Assistance - Delivered capacity-building support to community-based businesses and nonprofits through contracts with OEWD and other partners. Nonprofit Capacity Building & Grant Development - Provided fiscal sponsorship grant administration and reporting support to emerging organizations through Dream Keeper and HRC initiatives. Shared Business Ownership & Creative Enterprise Development - Advanced cooperative ventures and creative enterprises including Cafe Melange and SoulStation projects. Education & Training for Entrepreneurs - Offered workshops and hands-on learning through the Creative Edge Lab and partner programs to train youth and adults in finance marketing and business operations. These programs collectively served hundreds of participants and supported dozens of local businesses and projects with training funding access and technical resources.”

“| Explanation:| Part XI - Reconciliation of Net Assets. Net assets at the beginning of the year equaled $81,808. Net assets at the end of the year were $137,265 reflecting an increase of $55,457 due to programmatic growth and effective expense management.”

“| Explanation:| Part IX Other Expenses: Amount represents program disbursements for fiscally sponsored projects operating under NCLFs 501c3 status. Funds were expended directly on program activities in alignment with each projects approved budget and scope of work.”