New Buildings Institute Inc.

“An external accounting firm prepares the form 990 including the supplemental schedules and forwards a draft to the controller for review. After reviewing the form 990, the controller forwards a draft of the return to the ceo for review and approval. Once the ceo has approved the form 990 and the supplemental schedules, the return is forwarded to all board members for its review. If there are no board's comments or changes to the form 990, the controller instructs the external accounting firm to prepare a final version of the return for signature by the ceo for filing with the internal revenue service. Every effort is made to file the return in a timely manner. A copy of the completed, signed and filed form 990 with schedules is included in the next board of directors meeting packet for information and posted on the organization's website.”

“On an annual basis, Board members and all employees complete the conflict of interest questionnaire, which asks them to list each of the potential conflicts as described in the policy. The CEO and the Controller review the forms and disclosures for all members of the Board and staff, respectively. For the Board members, the CEO makes a summary of the results and gives them to the Executive Committee for review. The Executive Committee of the Board makes a determination as to whether the perceived conflict is real or not. We have not had a real conflict in the last seven years, but if we did, the nature of the conflict would be reviewed by the Board, and appropriate actions would be taken (depending on the type of conflict) to eliminate the conflict (This could be as simple as the Board member recusing him/herself from a decision, to disposing or terminating the conflicting relatioship). For employees, the management committee would review the conflict and perform a similar function to resolve the conflict.”

“The board of directors approves the CEO's salary after the review of an independent salary survey conducted by the executive committee. The process for determining the compensation of NBI's directors include a review of comparable data for other similar nonprofits in the United States by the CEO and the controller. A compensation review of all NBI's staff salaries was performed in 2016 by an independent consultant.”

“The most recent Form 990 is available for public at newbuildings.org.”

“The most recent audited financials are available for public at newbuildings.org. Governing documents and conflict of interest policy are avaialbe upon request at newbuildings.org.”

“PROJECT SUBCONTRACTORS: Program service expenses 509,571. Management and general expenses 0. Fundraising expenses 0. Total expenses 509,571. OTHER PROFESSIONAL FEES: Program service expenses 6,911. Management and general expenses 13,181. Fundraising expenses 186. Total expenses 20,278.”

“The process has not changed.”