Kaboom Inc.

“Part iii, line 1: kids who don't have access to play miss out on childhood and are denied critical opportunities to build physical, social and emotional health. And all too often, it more deeply affects communities of color. Kaboom! Envisions a world where every kid can get the play they need to thrive, regardless of race, zip code and family income. Where every elementary school has a place for kids to experience the simple joys of childhood. Teens have a space in their neighborhood where they can have fun with peers, be themselves and know it's where they belong. Communities have a place to come together and forge unbreakable bonds. And entire systems work together to spark hope and enable kids to reach their full potential. When playspace equity is achieved, kids will be able to play close to where they live and learn, and those playspaces will be of high quality and built with the desires of the community in mind because they were involved from the very beginning. In order to end playspace inequity, kaboom! Addresses the disparity by: i. Teaming up with communities and diverse partners to imagine and build kid-designed high-quality playspaces that have a transformative impact. Ii. Driving innovation in playspace design for kids of all ages. Iii. Helping to ensure equitable access to playspaces for kids and families in every community. Since the beginning of the organization, kaboom! Has teamed up with partners to build or improve 17,000+ playspaces, engage more than 1.5 million community members and bring joy to more than 11 million kids.”

“Part iii, line 4a: teaming up with communities to build kid-designed playspaces for more than two decades, kaboom! Has teamed up with bold and dedicated community members and kids to understand their unique needs and desires and then, together, build inspiring places to play. With the experience of working side by side with bold, diverse and inspiring community members, kaboom! Has learned that there's no "one size fits all" solution to creating spaces that meet the needs of kids and their families. Kaboom! Starts with a focus on understanding each neighborhood's aspirations, including the ideas and dreams of the kids themselves. With that knowledge, they create an approach that works for the community and then, together build incredible places to play, inspired by their design, courage and leadership. Kaboom! Encourages communities to come together to build a playspcace and to stay together to use and take care of it, so that the space they create becomes a valued kid- and family-friendly gathering place, and the community feels increased ownership and pride in their neighborhood. In 2019, kaboom! Created 328 playspaces, which impacted an estimated 618,000 kids. These projects engaged approximately 29,400 volunteers in nearly every u.s. State, the district of columbia, canada and mexico. Since the beginning of the organization, kaboom! Has built or improved 17,000+ playspaces, engaged more than 1.5 million community members and brought joy to over 11 million kids. Kaboom! Believes its community-built playgrounds result in kids feeling valued and generate a tangible, achievable win for communities. Looking toward the future, kaboom! Continues efforts to build collective action that enables kids to reach their full potential.”

“Part iii, line 4b: driving innovation in playspace design for kids of all ages kaboom! Enables communities to design, build, enjoy and maintain great playspaces. Kaboom! Believes the process of building the playspace alongside the community results in an increased sense of community ownership of their neighborhood and increased skills, confidence and courage to do even more for its kids. In addition to playgrounds, kaboom! Offers spaces that address the growing need for new and diverse activity options for older kids and teens. Today, many teens, especially in communities of color, are learning to respond to and navigate challenges that are forcing them to grow up too fast. These dynamics in the home and at school reveal the need for us to help provide positive outlets where teens feel like they belong and can enjoy being active with friends. Investing in teens demonstrates to them that they matter and are supported by caring adults who want to ensure their voices are heard in their own communities and they are getting opportunities to engage and enjoy being kids for a bit longer. Multi-sport courts and adventure courses are helping to provide special places to enjoy where they feel they belong, and can be active with peers and engage with their community in a meaningful way. Multi-sport courts transform an open concrete area into a vibrant space to play a range of sports and activities, from basketball and soccer to four square. Adventure courses offer an obstacle course-type of recreation that allows older kids and teens to challenge themselves throughout the course and enjoy friendly competition with their peers. Kaboom! Also innovates to bring create playspaces where a playground may not be possible. Through creative play products - imagination playground and rigamajig - kaboom! Provides mobile playgrounds that can be moved from site to site, both indoors and outdoors. Kaboom! Believes these mobile playgrounds can ignite the imaginations and creativity of all kids. Imagination playground in a cart is an innovative design in play equipment that encourages creativity, communication and collaboration in play. Rigamajig is a large-scale building kit designed for hand-on free play and encourages stem learning. Play everywhere continues to encourage creative solutions to make play a way of life in everyday and unexpected places, including on sidewalks, in vacant lots, at bus stops, in open streets and beyond - especially in communities where kids often have limited access to playspaces. Helping to ensure equitable access to playspaces for kids and families in every community far too many kids live in communities that have experienced decades of disinvestment, leading to inequitable access to playspaces that more deeply impacts communities of color. Kaboom! Is working to end playspace inequity, overcoming the systemic barriers that get in the way of kids playing. With an explicit goal of driving playspace equity: kaboom! Leverages data to identify disparities in access to quality places to play. They bring together partners who can join them in collective action with these communities to create spaces that spark joy, hope and limitless opportunities for kids. Kaboom! Also uses data to understand the impact that places to play have on the issues that communities and partners care about, such as: neighborhood revitalization, health, community resilience, early childhood development and teen engagement. Kaboom! Focuses on racial equity seeking to address disparities in access to high-quality playspaces and the related disparities in outcomes for kids and communities. Kaboom! Seeks to ensure that: (i) where they build addresses racial inequity in access to quality playspaces (ii) the way work is done is flexible enough to respond to the unique culture, context, assets and challenges of each community (iii) maximum play value is created and is responsive to kids and the community (iv) its partners are committed to playspace equity and”

“The form 990 is prepared by the organization's independent auditors and is reviewed by the management team and audit committee. The form 990 is approved by the audit committee. Once approved by the audit committee the form 990 is sent to the board of directors and legal counsel for review and comment and is approved by the board of directors before filing.”

“Kaboom!, inc. Maintains a conflict of interest policy, which applies to each director and officer of kaboom!, that seeks to protect the interests of kaboom! When it contemplates entering into a transaction or arrangement that might benefit the private interest of an officer or director of kaboom!. The policy is intended to supplement applicable state and federal laws governing conflict of interest applicable to non-profit and charitable organizations and to aid directors and officers of kaboom! In performing the duties imposed upon them by applicable law with respect to their management responsibilities and fiduciary obligations to kaboom!. The conflict of interest policy requires any director or officer, who has a direct or indirect financial interest (defined as a greater than 5% ownership interest in, or compensation arrangement with) or affiliate relationship with any person or entity that is involved in an actual or potential transaction with kaboom!, to disclose the existence of such financial interest or affiliate relationship to the chairperson of the board of directors and the chairperson of the governance and nominating committee. In addition to the general duty to disclose actual or potential conflicts of interest, the policy requires each director and officer to complete an annual disclosure statement that, among other things, discloses any such financial interest or affiliate relationship. Following disclosure of such financial interest or affiliate relationship, the policy provides for the matter to be referred to the board or the governance and nominating committee, which then determines whether such interest or relationship creates a conflict of interest in respect of such director or officer and, if so, such director or officer may provide information or interpretation with respect to such matter but shall otherwise refrain from participating in consideration of the matter.”

“Kaboom!, inc. Maintains an executive compensation policy with the objective of providing a reasonable and competitive executive total compensation opportunity consistent with market-based compensation practices for individuals possessing the experience and skills needed to manage and improve the overall performance of the organization. The kaboom! Executive compensation program is designed to, among other things: 1) encourage the attraction and retention of high-caliber executives; 2) provide a competitive total compensation package, including benefits; 3) strongly support a performance driven culture through the use of incentives for key employees; 4) reinforce the goals of the organization by supporting teamwork and collaboration; 5) ensure that pay is perceived to be fair and equitable; 6) be flexible to reward individual accomplishments as well as organizational success; and 7) balance the need to be competitive within the limits of available financial resources. The kaboom! Executive compensation program is administered by the executive committee of the board. The executive committee is responsible for establishing and maintaining a competitive compensation program for all senior executives of the organization. To evaluate and benchmark the organization's executive compensation program against the competitive market, an independent consulting firm conducts a bi-annual review intended to ensure that the compensation program falls within a reasonable range of competitive practices for comparable positions among similarly situated organizations. The findings are reviewed by the board who meets as needed to review the compensation program and make any changes, as appropriate. The executive committee reviews annually and submits for board approval its recommendations regarding the base salary adjustments and annual incentive payments, as well as objectives and goals for the upcoming year's annual performance appraisal and incentive plan for the ceo. The ceo determines the compensation and incentive awards for the other executive officers. After the completion of the annual audit, the executive committee reviews, approves and reports to the board their assessment of the ceo's actual performance measured against board approved goals and objectives. At such time the finance committee also reviews and recommends and submits for board approval the incentive payments for all other officers as measured against the board approved incentive plan. In addition, the board has adopted an executive compensation clawback policy, pursuant to which kaboom!, subject to the full and final authority of the board to make all determinations required thereunder, shall seek reimbursement of performance-based and/or discretionary compensation paid to an executive officer of kaboom! If the board determines that the amount of any such performance-based and/or discretionary compensation actually paid or awarded to a current or former executive officer during the one-year period preceding the date on which kaboom! Is required to prepare such restatement would have been a lower amount had it been calculated based on such restated financial statements or such executive officer engaged in fraud or intentional misconduct that contributed to the need for such restatement or resulted in erroneous calculations of performance-based and/or discretionary compensation.”

“See line 15a narrative above.”

“KaBOOM!, INC. INCLUDES ON ITS WEBSITE COPIES OF ITS AUDITED FINANCIAL STATEMENTS AND ITS FORM 990 FOR THE PAST FIVE YEARS. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST.”

“Part vi-b line 16 imagination playground, llc is a delaware limited liability company owned by kaboom! And mhsco holdings, llc, an affiliate of the m.h. Stallman company, a manufacturer of certain imagination playground play equipment. Imagination playground, llc focuses on the design, development, production, manufacturing, marketing, distribution, sales and installation of play spaces and related play equipment associated with the imagination playground concept which was conceived and designed by architect david rockwell to encourage child-directed, unstructured "free-play." imagination playground, llc is managed by a separate board consisting of its chief executive officer and two designees appointed by each of kaboom! And mhsco holdings, llc. In addition, imagination playground, llc is a vendor to kaboom!, which from time to time may purchase imagination playground products from the joint venture on behalf of certain communities that may receive such products in connection with kaboom!-led playground builds or kaboom!-administered grant programs.”

“Part i line 16b and part iii lines 4a and 4b: kaboom!, inc. Incurs business development costs related to contracted service revenue as well as to grants and contributions received. The development costs related to contract services pertaining to facilitating the creation of community built play spaces under under line 4a of part iii were $1,452,798. The development costs pertaining to driving innovation in play space design and helping cities make play the easy choice for kids and families under line 4b of part iii were $66,779. The development costs pertaining to fundraising for grants and contributions under line 16b of part i pertaining to the revenues reported on line 8 of part i - contributions and grants were $1,060,371.”