Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 1 | THE BOARD OF DIRECTORS MAY DESIGNATE TWO (2) OR MORE DIRECTORS TO CONSTITUTE AN EXECUTIVE COMMITTEE. ONE OF THE APPOINTED DIRECTORS SHALL BE DESIGNATED BY THE BOARD AS CHAIRPERSON OF THE EXECUTIVE COMMITTEE. EACH MEMBER OF THE EXECUTIVE COMMITTEE SHALL CONTINUE AS A MEMBER THEREOF UNTIL THE EXPIRATION OF HIS TERM AS A DIRECTOR, OR UNTIL HIS EARLIER RESIGNATION FROM THE EXECUTIVE COMMITTEE, IN EITHER CASE UNLESS SOONER REMOVED AS A MEMBER OF THE EXECUTIVE COMMITTEE OR AS A DIRECTOR BY ANY MEANS AUTHORIZED BY THE BYLAWS. THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL OF THE RIGHTS, POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS, EXCEPT AS EXPRESSLY LIMITED BY THE DISTRICT OF COLUMBIA NONPROFIT CORPORATION ACT OR BY RESOLUTION OF THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 2 | ALL BOARD MEMBERS LISTED IN PART VII, SECTION A HAVE VARIOUS LEVELS OF BUSINESS RELATIONSHIPS WITH EACH OTHER. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE ORGANIZATION'S BOARD OF DIRECTORS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND SENIOR DIRECTOR OF FINANCE AND ADMINISTRATION, AND IS THEN SENT TO THE PRESIDENT OF THE BOARD OF DIRECTORS FOR REVIEW AND SIGNATURE. |
| FORM 990, PART VI, SECTION B, LINE 12C | BOARD MEMBERS MUST DISCLOSE POTENTIAL CONFLICTS OF INTEREST AT THE BEGINNING OF EACH FISCAL YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE STANDARD COMPENSATION OF THE EXECUTIVE DIRECTOR IS CONTRACT BASED. THE BOARD PRESIDENT COLLECTS AND REVIEWS EVALUATIONS FROM ALL THE EXECUTIVE COMMITTEE MEMBERS OF THE EXECUTIVE DIRECTORS PERFORMANCE. THE BOARD PRESIDENT MEETS WITH THE EXECUTIVE DIRECTORS WHEN COMPENSATION RECOMMENDATIONS HAVE BEEN APPROVED TO DISCUSS CHANGES IN COMPENSATION AND BENEFITS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE STATUTE AND BYLAWS ARE GIVEN TO NEW BOARD MEMBERS WHEN THEY JOIN. THE CONFLICT OF INTEREST POLICY IS PROVIDED TO EACH MEMBER OF THE BOARD OF DIRECTORS AT THE BEGINNING OF EACH FISCAL YEAR. THE FINANCIAL STATEMENT IS PUBLISHED IN THE ANNUAL REPORT WHICH IS MAILED TO ELECTED OFFICIALS, THE DEPUTY MAYOR FOR ECONOMIC DEVELOPMENT AND EVERY PROPERTY OWNER IN THE BID, POSTED ON THE ORGANIZATION'S WEBSITE, AND PROVIDED TO STAKEHOLDERS THROUGHOUT THE YEAR. THE STATUTE, BYLAWS, FINANCIAL STATEMENT, AND FORM 990 ARE ALSO AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | NO CHANGES HAVE BEEN MADE FROM THE PRIOR YEAR. |
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