2026-07-27T17:04:03-05:00 2025-09-30 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2024-10-01 462327692 NOMA PARKS FOUNDATION NOMA 2022890111 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 MAURA BROPHY PRESIDENT/CEO 2022890111 2026-07-26 1 1 ZACHARY SEGAL P01511850 3016529100 2026-07-06 2024 2025-03-06 01:10:19Z MAURA BROPHY 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 86616 0 X HTTPS://NOMAPARKS.ORG/ X 2012 DC PROMOTE THE DEVELOPMENT OF PARKS & OTHER SPACES FOR PUBLIC USE. 4 4 0 4 0 0 0 250 0 0 14524 23379 0 0 14524 23629 0 0 0 0 0 0 0 0 0 77169 38391 77169 38391 -62645 -14762 685223 616599 62725 9370 622498 607229 X THE PURPOSE OF THE FOUNDATION IS TO PROMOTE THE DEVELOPMENT OF PARKS AND OTHER SPACES FOR PUBLIC USE IN THE NOMA NEIGHBORHOOD. 0 0 21021 THE FOUNDATION WAS DEVELOPED TO DELIVER PUBLIC SPACES INCLUDING PARKS TO THE NEIGHBORHOOD. THIS WAS DONE IN COLLABORATION WITH VARIOUS STAKEHOLDERS INCLUDING RESIDENTS, PROPERTY OWNERS AND DISTRICT GOVERNMENT AGENCIES. IT PURSUED IMPLEMENTATION OF THOSE PLANS THROUGH A VARIETY OF STRATEGIES. SUCH STRATEGIES INCLUDED: SEEKING DISTRICT GOVERNMENT ADOPTION OF PLANS AND POLICIES, PERSUADING PRIVATE PROPERTY OWNERS TO ESTABLISH PRIVATELY-OWNED PUBLIC SPACES, SUCH AS THE NOMA MEANDER; THROUGH IMPROVEMENTS TO PUBLIC PROPERTY, SUCH AS THE UNDERPASS ART PARKS; AND THROUGH PURCHASE OF PRIVATE PROPERTY WHICH WAS THEN TRANSFERRED TO DISTRICT OF COLUMBIA AND UPON WHICH NEW NEIGHBORHOOD PARKS WERE CONSTRUCTED. PRIVATE PROPERTY WAS PURCHASED AND IMPROVED FOR USE AS PUBLIC PARKS USING DISTRICT GRANT FUNDS AND COMMITMENTS OF FUNDS THROUGH THE DEVELOPMENT ENTITLEMENT PROCESS FROM PRIVATE PROPERTY OWNERS SEEKING APPROVAL FOR PROJECTS IN THE NEIGHBORHOOD. NOW, THE FOUNDATION EXISTS TO SUPPORT THE BID'S WORK TO ACTIVATE AND MAINTAIN NOMA'S PARKS. 21021 1 0 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 1 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 1 1 1 1 1 1 0 0 0 X MICHAEL TOWLER 2022890111 1140 3RD STREET NE SUITE 400B WASHINGTON DC 20002 CHRISTOPHER LYNCH TREASURER 0.30 0.30 X X 0 0 0 MICHAEL SKENA AT-LARGE 0.30 0.30 X 0 0 0 THOMAS ARCHER AT-LARGE 0.30 0.50 X 0 0 0 UWE BRANDES CHAIR 0.30 0.30 X X 0 0 0 MAURA BROPHY PRESIDENT 1.00 39.00 X 0 278897 27215 MICHAEL TOWLER CHIEF FINANCIAL OFFICER 3.00 37.00 X 0 111994 5974 0 390891 33189 0 0 1 0 0 250 250 25866 25866 60500 62987 -2487 -2487 -2487 23629 0 0 23379 X 10000 10000 474 474 4620 4620 13686 1500 12186 90 90 7343 7343 2178 2178 38391 21021 17370 0 24548 15000 610675 551599 50000 50000 685223 616599 7657 62725 1713 62725 9370 X 622498 607229 622498 607229 685223 616599 -14762 -507 0 X 0 1 X 1 0 X 1761972 2304030 1056050 250 5122302 1761972 2304030 1056050 250 5122302 5122302 19 9 65 14524 25866 40483 5162785 0.99220 0.99920 X 0 SECURITY DEPOSITS 50000 50000 DUE TO RELATED ORGANIZATION 1713 1713 X 4583612 4559983 4559983 23629 0 23629 4663363 4624972 4624972 38391 0 38391 PART X, LINE 2: NOMA BID AND THE FOUNDATION ARE EXEMPT OF INCOME TAXES ON THEIR EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) AND SECTION 501(C)(3), RESPECTIVELY, OF THE INTERNAL REVENUE CODE. NOMA BID AND 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. NOMA BID AND 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, 2025 AND 2024. TAX YEARS PRIOR TO 2022 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 4,559,983. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES OF AFFILIATE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 4,624,972. 0 0 0 0 0 0 0 0 0 MAURA BROPHY PRESIDENT 0 260539 0 18358 0 0 0 19571 0 7644 0 306112 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 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. OTHER PROFESSIONAL FEES/CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,186. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,186. 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 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0