Technyc Inc

“Tech:nyc, inc. Consists of two classes of members, designated as full members and associate members. (a) full members. The full members shall consist of those individuals or entities who (i) have completed the process for application to the corporation, which application may include an agreement to be bound by these bylaws, as the same may be amended and/or restated from time to time; (ii) are then current on the payment of their membership fees, penalties and/or assessments; and (iii) are then in good standing. The board of directors shall prescribe all necessary forms for application to the corporation and shall establish a procedure to verify and admit all prospective full members. The board of directors shall from time to time establish all membership dues and any fees, penalties and/or assessments applicable for full members. The board of directors shall have the power, in its sole discretion, to suspend, expel or censure any full member. Any full member who has been expelled is not in good standing. Any suspended full member is not in good standing during the period of that full member's suspension. (b) associate members. The associate members shall consist of those individuals or entities who (i) have completed the process for application to the corporation, which application may include an agreement to be bound by these bylaws, as the same may be amended and/or restated from time to time; (ii) are then current on the payment of their membership fees, penalties and/or assessments; and (iii) are then in good standing. The board of directors shall prescribe all necessary forms for application to the corporation and shall establish a procedure to verify and admit all prospective associate members. The board of directors shall from time to time establish all membership dues and any fees, penalties and/or assessments applicable for associate members. The board of directors shall have the power, in its sole discretion, to suspend, expel or censure any associate member. Any associate member who has been expelled is not in good standing. Any suspended associate member is not in good standing during the period of that associate member's suspension.”

“Full members of tech:nyc, inc vote and approve new members to the board/governing body.”

“Per bylaws full member is entitled to one vote on each matter submitted to vote including election of directors for the board.”

“The form 990 is prepared by an outside accounting firm. The form 990 is then reviewed by the executive director. A copy of the form 990 is provided to the entire board for review.”

“Each covered person signs an annual disclosure and must promptly disclose material facts when issues arise. After disclosure, the disinterested board decides by majority whether a conflict exists and whether to proceed, seeking arm's-length, fair-value terms and reasonable alternatives. The interested person may state facts and answer questions, then must leave, may not hear deliberations, vote, or influence others. The minutes record disclosures, participants, discussion, and votes. Failures to disclose lead to notice, an opportunity to respond, and discipline.”

“The process for determining compensation of the executive director included review and approval by a finance committee made up of members of the board of directors. The committee was provided with an organizational budget and comparability data of executive director compensation as disclosed on the forms 990 of similar-sized exempt organizations. Once that information was provided and analyzed, the committee members independently deliberated to set compensation.”

“Process for making documents available to the public the organization does not make its governing documents, conflict of interest policy, or financial statements available to the public.”

“Other consultants 321,226. Subcontractors 30,000. Professional development 31,250. Other professional fees 2,546.”