The Oaks Park Association

“The Organization updated its mission statement principles. As a result, the Organization's Bylaws and Articles of Incorporation were restated on October 29, 2015. The following changes were made to the Articles of Incorporation: Article III - Clarified that property owned or otherwise held by the Corporation, and all proceeds derived from the sale of that property, shall be used exclusively for public park or public recreation purposes. Article IV - Clarified that the Corporation is authorized and empowered to own real and personal property that is exclusively occupied or used for public park or public recreation purposes; to enhance recreation opportunities. Article V states "No part of the activities of the Corporation may consist of the carrying on of propaganda, or otherwise attempting to influence legislation, except as may be permitted under IRC Sec. 501(h), and the Corporation will not participate in, or intervene in (including the publishing or distribution of statements) any political campaign on behalf of or in opposition to any candidate for public office. Notwithstanding any other provision of these Restated Articles of Incorporation, the Corporation may not carry on any activities not permitted to be carried on (a) by a corporation exempt from federal income taxation under IRC Sec. 501(c)(3) and (b) by a corporation contributions to which are deductible under IRC Sec. 170(c)(2), 2055(a)(2), and 2522(a)(2). Article VI - Added that upon any dissolution and liquidation of the assets of the corporation, if the City of Portland, Bureau of Public Parks and Recreation, or any successor political subdivision of the City of Portland is unauthorized, unqualified or unwilling to receive the assets of the corporation, such assets, then to the extent permitted by IRC Sec. 501 (c)(3), may be distributed to the State of Oregon or to one or more of its political subdivisions established to administer public parks or public recreation or if distribution is not permitted by IRC Sec. 501 (c)(3) or other applicable law, such assets shall be distributed for one or more exempt purposes within the meaning of IRC Sec. 501 (c)(3), or otherwise distributed to the federal government, or to a state or local government. Any assets not so disposed of shall be disposed of by the court of appropriate jurisdiction exclusively for such purposes or to such organization or organizations which are organized and operated for such purposes.”

“The Association's Form 990 is reviewed by executive management.”

“Signed conflict of interest statements are obtained from all Board members on an annual basis.”

“The CEO's compensation calculation is subject to review by independent accountants and approval by the Association's board of directors.”

“The Association makes its governing documents available to the public upon request.”