Alliance for Flushing Meadows Corona Park Corporation

“Form 990 is reviewed by the executive director, finance committee, and audit committee, and is then distributed to the board prior to being filed”

“The alliance has a conflict of interest policy which covers all directors, officers, and key employees. All material facts related to potential conflicts of interest (including the nature of the interest and information about any proposed transaction or other arrangement) are required to be disclosed in good faith and in writing to the board. Disclosures should be made in advance, before any action is taken on the matter. Disclosure is required of all instances where a conflict of interest or the appearance of a conflict exists, even if the individual does not believe that there is an actual conflict. Each current director, officer and key employee of the organization, as well as nominees for election as director (prior to his or her initial election), must submit to the secretary of the organization at least once per year (and updated as appropriate) the questionnaire which is part of the conflict of interest policy. The secretary of the organization shall provide copies of all completed statements to the chair of the board. The board will evaluate conflict disclosures and make other necessary inquiries to determine the extent and nature of any actual or potential conflict of interest and, if appropriate, investigate alternatives to the proposed transaction or arrangement. After disclosure of the potentially conflicting interest and all material facts, and after answering any questions, the interested person shall recuse himself or herself from deliberations and voting relating to the matter. After the initial evaluation, the board will review all conflicts of interest and determine whether to approve or ratify any such matters. The board may only approve the underlying matter if it determines that such matter, under the terms and within the circumstances and conditions presented, is fair, reasonable, and in the best interests of the organization (in accordance with the considerations listed below). Persons with an interest in any matter under review by the board are not permitted to be present at or participate in any deliberations or voting by the board with respect to the matter giving rise to the potential conflict, and must not attempt to influence improperly the deliberation or voting on such matter. In appropriate circumstances, any such person may be called upon to provide information relevant to the determination prior to the commencement of deliberations or voting related thereto.”

“The alliance operates under a license agreement with the new york city department of parks and recreation ("parks"). Under the agreement, the alliance's executive director is appointed by parks, is an employee of and is paid directly by parks. As such, the determination of the executive director's compensation is done in accordance with parks' compensation review and approval practices.”

“The organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Seasonal staffing: program service expenses 160,009. Management and general expenses 45,437. Fundraising expenses 19,980. Total expenses 225,426. Artistic fees: program service expenses 19,070. Management and general expenses 0. Fundraising expenses 0. Total expenses 19,070. Other professional and consulting fees: program service expenses 21,573. Management and general expenses 76,266. Fundraising expenses 76,266. Total expenses 174,105.”