2024-08-14T07:37:29-05:00 2023-09-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-10-01 462327692 NOMA PARKS FOUNDATION NOMA 2022890111 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 MAURA BROPHY PRESIDENT/CEO 2022890111 2024-08-13 1 1 LORI ROTHE YOKOBOSKY CPA P01273422 3016529100 2024-08-08 2022 2024-08-08 14:25:15Z X MAURA BROPHY 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 1056115 0 X HTTPS://NOMAPARKS.ORG/ X 2012 DC PROMOTE THE DEVELOPMENT OF PARKS & OTHER SPACES FOR PUBLIC USE. 4 4 0 4 0 0 2304030 1056050 0 0 9 65 0 0 2304039 1056115 0 0 0 0 0 0 0 0 0 2560213 1474602 2560213 1474602 -256174 -418487 2560613 718676 1457283 33833 1103330 684843 THE PURPOSE OF THE FOUNDATION IS TO PROMOTE THE DEVELOPMENT OF PARKS AND OTHER SPACES FOR PUBLIC USE IN THE NOMA NEIGHBORHOOD. 0 0 1257570 THE FOUNDATION ADVANCED CONCEPTUAL DESIGNS FOR ADDITIONAL PARKS IDENTIFIED IN THE NOMA PUBLIC REALM DESIGN PLAN. THE FOUNDATION CONTINUED ITS IMPLEMENTATION OF THE PUBLIC-PRIVATE PARTNERSHIP AGREEMENT BETWEEN THE FOUNDATION AND THE DISTRICT OF COLUMBIA FOR THE ACQUISITION OF PARK SITES, AND THE DEVELOPMENT AND OPERATION OF PARKS IN NOMA. ADDITIONALLY, THE FOUNDATION ENGAGED IN PUBLIC OUTREACH AND NEGOTIATED WITH PRIVATE PROPERTY OWNERS FOR THE ACQUISITION OF PRIVATELY-OWNED SITES DESIGNATED IN THE PUBLIC REALM DESIGN PLAN. 1257570 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X MAURA BROPHY 2022890111 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 UWE BRANDES CHAIR 0.25 0.25 X X 0 0 0 THOMAS ARCHER AT-LARGE 0.25 0.50 X 0 0 0 CHRISTOPHER LYNCH TREASURER 0.25 0.25 X X 0 0 0 MICHAEL SKENA AT-LARGE 0.25 0.25 X 0 0 0 SANDY WILKES CHAIR (OUTGOING) 0.25 0.00 X X 0 0 0 STEVE CHAD TREASURER (OUTGOING) 0.25 0.00 X X 0 0 0 SUNNY ALSUP AT-LARGE (OUTGOING) 0.25 0.00 X 0 0 0 STEPHEN MARCUS AT-LARGE (OUTGOING) 0.25 0.00 X 0 0 0 MIKE SMITH AT-LARGE (OUTGOING) 0.25 0.00 X 0 0 0 MAURA BROPHY PRESIDENT 1.00 39.00 X 0 263352 23440 GREG HAYGOOD CHIEF FINANCIAL OFFICER 3.00 37.00 X 0 179578 28150 0 442930 51590 0 0 1 0 FORRESTER CONSTRUCTION COMPANY 12231 PARKLAWN DRIVE ROCKVILLE MD 208521723 CONSTRUCTION SERVICES 770230 DESIGN COMMUNICATIONS LTD 85 BODWELL STREET AVON MA 02322 DESIGN 393954 AMERICAN STRIPPING COMPANY 9205 VASSAU COURT MANASSAS PARK VA 20111 CONSTRUCTION SERVICES 209610 ELTON VENTURES LLC 20985 UNISON ROAD MIDDLEBURG VA 20117 PROJECT MANAGEMENT 145948 4 1056001 49 1056050 65 65 1056115 0 0 65 X 39748 39748 3601 3601 6231 6231 252860 56021 196839 9011 9011 1350 1350 CONSTRUCTION 1161801 1161801 1474602 1257570 217032 0 779430 654329 18352 14347 1712831 50000 50000 2560613 718676 1319223 6956 138060 26877 1457283 33833 X 1103330 684843 1103330 684843 2560613 718676 -418487 0 X 0 1 X 1 0 X 6086509 13573955 1761972 2304030 1056050 24782516 6086509 13573955 1761972 2304030 1056050 24782516 24782516 26 39 19 9 65 158 5 41 46 24782720 1.00000 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 SECURITY DEPOSITS 50000 50000 DUE TO RELATED ORGANIZATION 26877 26877 X 4843729 3787614 3787614 1056115 0 1056115 5448241 3973639 3973639 1474602 0 1474602 PART X, LINE 2: THE FOUNDATION IS EXEMPT OF INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION BELIEVE THEY HAVE APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, DO NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE FOUNDATION RECOGNIZE INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN ADMINISTRATION EXPENSES ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS. THERE IS NO PROVISION IN THESE CONSOLIDATED FINANCIAL STATEMENTS FOR INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022. TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE TO AFFILIATE ELIMINATED ON CONSOLIDATED FINANCIAL STATEMENTS 3,812,614. TRANSACTION WITH AFFILIATE ELIMINATED ON CONSOLIDATED FINANCIAL STATEMENTS -25,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 3,998,639. TRANSACTION WITH AFFILIATE ELIMINATED ON CONSOLIDATED FINANCIAL STATEMENTS -25,000. 0 0 0 0 0 0 0 0 0 MAURA BROPHY PRESIDENT 0 245543 0 17809 0 0 0 17188 0 6252 0 286792 0 0 GREG HAYGOOD CHIEF FINANCIAL OFFICER 0 170299 0 9279 0 0 0 13624 0 14526 0 207728 0 0 PART I, LINE 3 THE PRESIDENT IS PAID BY THE RELATED ENTITY, NOMA IMPROVEMENT ASSOCIATION. FOR THE PRESIDENT, THE PROCESS FOR DETERMINING COMPENSATION IS BASED ON MARKET RATES FOR SIMILAR POSITIONS IN THE DC AREA. THE MARKET RATE INFORMATION IS REVIEWED AND INDEPENDENTLY VERIFIED BY MEMBERS OF THE EXECUTIVE COMMITTEE, WHICH STRUCTURES AND APPROVES THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL BE COMPOSED OF THE OFFICERS OF THE CORPORATION AND OTHER DIRECTORS AS A MAJORITY OF THE BOARD SHALL DESIGNATE. THE MEMBERS SHALL SERVE FOR TWO (2) YEARS. THE CHAIRPERSON OF THE BOARD OF DIRECTORS SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE. BETWEEN MEETINGS OF THE BOARD OF DIRECTORS, THE EXECUTIVE COMMITTEE SHALL MANAGE THE AFFAIRS OF THE CORPORATION AND HAVE ALL OF THE AUTHORITY OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 DURING THE TAX YEAR, OUTGOING NOMA PARK FOUNDATION PRESIDENT, ROBIN-EVE JASPER, WAS RETAINED ON A CONTRACTUAL BASIS TO SUPERVISE AND MANAGE THE CURRENT PARK PROJECTS THROUGH COMPLETION. PROJECT MANAGEMENT SERVICES WERE CONTRACTED WITH ELTON VENTURES LLC OF WHICH ROBIN-EVE JASPER IS THE FOUNDER & CEO. FORM 990, PART VI, SECTION A, LINE 6 THE FOUNDATION'S SOLE MEMBER IS THE NOMA IMPROVEMENT ASSOCIATION (D/B/A NOMA BID). THE SOLE MEMBER SHALL HAVE THE RIGHT TO VOTE AS PROVIDED IN THE BYLAWS OF THE CORPORATION. ANY ADDITIONAL RIGHTS AND DUTIES OF THE SOLE MEMBER ARE SET FORTH IN THE BYLAWS OF THE CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER HAS THE AUTHORITY TO APPOINT DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SOLE MEMBER HAS THE AUTHORITY TO REVIEW AND APPROVE AMENDMENTS TO BYLAWS AND ARTICLES OF INCORPORATION, THE ACQUISITION OF PROPERTY OR RIGHTS IN PROPERTY, AND TRANSACTIONS WITH A VALUE IN EXCESS OF $500,000. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM, REVIEWED BY MANAGEMENT, CFO, AND THE OUTSIDE ACCOUNTANTS. THE FINAL DRAFT 990 IS PROVIDED TO THE TREASURER FOR REVIEW AND THEN SHARED WITH THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C PERSONS COVERED BY THE POLICY, WILL ANNUALLY DISCLOSE OR UPDATE THE CHAIRMAN OF THE BOARD OF DIRECTORS, ON A FORM PROVIDED BY THE ORGANIZATION, THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST. SUCH COULD BE A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ORGANIZATIONS OR THOSE FAMILY MEMBERS. WHEN A CONFLICT OF INTEREST ARISES, THE INTERESTED PARTY MUST DISCLOSE ALL MATERIAL FACTS AND REFRAIN FROM PARTCIPATING IN ANY DISCUSSIONS REGARDING THE CONVERED TRANSACTION. THE BOARD OR CHAIRPERSON MAY DETERMINE THAT THE TRANSACTION GIVING RISE TO A CONFLICT OF INTEREST IS FAIR AND REASONABLE TO THE ORGANIZATION. ALL DELIBERATIONS INVOLVING THE CONFLICT OF INTEREST ARE RECORDED IN THE MINUTES OF ANY BOARD OR COMMITTEE MEETING. IF THE COVERED TRANSACTION IS APPROVED, THE MINUTES WILL INCLUDE ANY ONGOING PROCEDURES TO MANAGE THE CONFLICT. ENFORCEMENT OF THIS PROCESS IS MANAGED BY THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS, AVAILABLE TO THE PUBLIC UPON REQUEST FORM 990, PART IX, LINE 11G ARCHITECTS AND ENGINEERS: PROGRAM SERVICE EXPENSES 47,915. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 47,915. OTHER PROFESSIONAL FEES/CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 196,839. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 196,839. PERMITS AND FEES: PROGRAM SERVICE EXPENSES 8,106. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,106. NOMA IMPROVEMENT ASSOCIATION 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 760832248 NEIGHBORHOOD IMPROVEMENT DC 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0