2024-05-09T23:04:31-05:00 2023-06-30 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 500 MAMARONECK AVENUE SUITE 301 HARRISON NY 105281633 990 2022-07-01 112475743 FIFTH AVENUE COMMITTEE INC FIFT 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MICHELLE DE LA UZ EXECUTIVE DIRECTOR 7182372017 2024-05-09 1 MICHELLE DE LA UZ XXX-XX-XXXX 1 MELISSA MODELSON P01603524 9143818900 2024-05-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELLE DE LA UZ 621 DEGRAW STREET BROOKLYN NY 11217 10093196 0 X WWW.FIFTHAVE.ORG X 1978 NY FIFTH AVENUE COMMITTEE IS A COMMUNITY ORGANIZATION IN SOUTH BROOKLYN THAT ADVANCES ECONOMIC AND SOCIAL JUSTICE WHERE RESIDENTS HAVE GENUINE OPPORTUNITIES TO ACHIEVE THEIR GOALS, AS WELL AS THE POWER TO SHAPE THE COMMUNITY'S FUTURE. 15 15 105 34 0 0 5180179 5601902 3271364 3850390 30 18950 372428 257889 8824001 9729131 390915 464349 0 0 5368638 6181748 6765 21721 474267 1955759 2371302 7722077 9039120 1101924 690011 8481481 9551993 3000338 3363876 5481143 6188117 X SEE SCHEDULE O 0 0 4146372 464349 3850390 AFFORDABLE HOUSING AND COMMUNITY FACILITIES DEVELOPMENT: FAC HAS DEVELOPER OVER 1,300 AFFORDABLE HOMES, REVITALIZED MORE THAN 30 STOREFRONTS, AND BUILT OVER 60,000 SQUARE FEET OF COMMUNITY SPACE. FAC CURRENTLY HAS 133 UNITS OF NEW AFFORDABLE HOUSING IN CONSTRUCTION AND A DEVELOPMENT PIPELINE OF OVER 1,700 UNITS REPRESENTING AN INVESTMENT OF MORE THAN $850 MILLION IN BROOKLYN. ALL FAC'S NEW DEVELOPMENTS ARE DESIGNED TO LEED, PASSIVE HOUSE OR ENTERPRISE GREEN COMMUNITY STANDARDS. FAC OWNS AND/OR MANAGES 740 UNITS THAT ARE HOME TO OVER 1,000 LOW AND MODERATE INCOME FAMILIES AND HAS 32 SMALL BUSINESS AND NONPROFIT TENANTS. OVER 85% OF FAC'S COMMERCIAL TENANTS ARE SMALL, MINORITY AND/OR WOMEN OWNED BUSINESSES OR NON-PROFITS. 1829626 0 0 ADULT EDUCATION:OFFERING A RANGE OF CLASSES, INCLUDING ENGLISH FOR SPEAKERS OF OTHER LANGUAGES ("ESOL"), ADULT BASIC EDUCATION (ABE), HIGH SCHOOL EQUIVALENCY (HSE), FAMILY LITERACY CLASSES AND BRIDGE PROGRAMMING AT LOCAL PUBLIC SCHOOLS AND CHURCHES, THIS PROGRAM SERVED OVER 1,000 STUDENTS IN FY23. PER THE NYS DEPARTMENT OF EDUCATION, THE PROGRAM PERFORMS IN THE TOP QUARTILE OF ADULT EDUCATION PROGRAMS STATE-WIDE. THE NEW AMERICAN BRIDGE PROGRAM SERVED 81 IMMIGRANT STUDENTS WITH BARRIERS TO EMPLOYMENT IN FY23, 70 OF WHOM HAVE SUCCESSFULLY SECURED LIVING WAGE EMPLOYMENT THROUGH THE PROGRAM AS OF 6/30/23. THE BRIDGE PROGRAM IS A PARTNERSHIP WITH FAC NONPROFIT WORKFORCE DEVELOPMENT AFFILIATE, BROOKLYN WORKFORCE INNOVATIONS (BWI)'S RED HOOK ON THE ROAD CDL PROGRAM AND BROOKLYN NETWORKS TELE-DATA CABLE INSTALLATION PROGRAMS. ADULT EDUCATION ALSO EXPANDED ITS DIGITAL LITERACY INSTRUCTION IN FY23, HELPING TO SAFELY AND SECURELY CONNECT MORE STUDENTS TO ONLINE TOOLS, RESOURCES AND KNOWLEDGE. ACROSS ALL ADULT EDUCATION'S PROGRAMS IN FY23, 194 STUDENTS SECURED AN INDUSTRY CREDENTIAL TO HELP THEM REACH THEIR EDUCATIONAL AND PROFESSIONAL GOALS; 247 MADE DEMONSTRATED EDUCATIONAL GAINS. FAC ADULT ED ALSO LAUNCHED AN ONLINE BANKING COURSE IN FY23 THAT SERVED 57 STUDENTS. PARTICIPANTS RECEIVED TAILORED DIGITAL LITERACY TRAINING DESIGNED TO HELP THEM TAKE ADVANTAGE OF ONLINE BANKING TOOLS TO MANAGE THEIR FINANCES. 926458 0 0 ORGANIZING AND ADVOCACY: FAC'S ORGANIZING AND ADVOCACY PROGRAMS EMPOWER LOW-INCOME RESIDENTS THROUGH SOCIAL JUSTICE AND TENANT RIGHTS CAMPAIGNS. IN FY23, THESE PROGRAMS HELPED PREVENT OVER 200 EVICTIONS. CAMPAIGNS EMPOWER TRADITIONALLY MARGINALIZED GROUPS, SUCH AS RENT STABILIZED AND PUBLIC HOUSING RESIDENTS, AND IMMIGRANTS. IN FY23 FAC CONTINUED ITS LEADERSHIP OF TURNING THE TIDE, CLIMATE JUSTICE CAMPAIGN WITH LOCAL PARTNERS AS WELL AS THE GOWANUS NEIGHBORHOOD COALITION FOR JUSTICE (GNCJ). GNCJ IS A BROAD-BASED COALITION THAT ADVOCATES FOR EQUITABLE DEVELOPMENT AND REZONING OUTCOMES THAT SECURED SIGNIFICANT WINS IN FY22 THROUGH THE POINTS OF AGREEMENT (POA) AS PART OF THE GOWANUS AREA-WIDE REZONING'S PASSAGE INCLUDING OVER $200 MILLION COMMITTED BY THE CITY OF NEW YORK TO ADDRESS CAPITAL NEEDS AT LOCAL PUBLIC HOUSING DEVELOPMENTS IN ADDITION TO INVESTMENT IN LOCAL SEWAGE INFRASTRUCTURE AND TO PARTICIPATE IN THE FIRST COMMUNITY LED REZONING OVERSIGHT TASK FORCE. 1007540 0 0 COMMUNITY SERVICES:COMMUNITY SERVICES PROVIDES A RANGE OF FREE SERVICES INCLUDING BENEFITS ACCESS (SNAP, UNEMPLOYMENT INSURANCE, MEDICARE/AID AND MORE), TAX PREPARATION, FINANCIAL AND LEGAL COUNSELING AND (IN 2020, 2021 AND 2022) EMERGENCY COVID-19 RELIEF (I.E., EMERGENCY RENTAL ASSISTANCE, VACCINE AND TESTING ACCESS AND INFORMATION) TO OVER 1,000 VERY-LOW AND LOW-INCOME NEW YORKERS ANNUALLY. FAC'S COMMUNITY SERVICES HELPS LOW-INCOME INDIVIDUALS GAIN ECONOMIC AND HOUSING STABILITY AND BUILD THEIR ASSETS. IN FY23, COMMUNITY SERVICES SCREENED AND CONNECTED 754 NEW HOUSEHOLDS WITH ONE OR MORE BENEFITS SUCH AS FOOD STAMPS, HEALTH INSURANCE, RENTAL SUBSIDIES AND SUPPORTS AND UNEMPLOYMENT INSURANCE. THE PROGRAM CONNECTED 118 PEOPLE TO LEGAL SERVICES, PROVIDED 157 WITH FINANCIAL COACHING SERVICES (FIRST TIME SERVICE RECIPIENTS), AND 212 WITH FREE TAX PREPARATION SERVICES. WORKFORCE DEVELOPMENT:FAC AFFILIATE BWI ASSISTS OVER 900 JOBLESS AND WORKING POOR NEW YORKERS EACH YEAR BY OFFERING SECTOR-BASED JOB TRAINING AND DIRECT PLACEMENT SERVICES. THESE PROGRAMS PROVIDE ACCESS TO LIVING-WAGE EMPLOYMENT AND CAREERS, PLACEMENT AND SUPPORTS (I.E., RESUME DEVELOPMENT, INTERVIEW, AND SOFT SKILL DEVELOPMENT). FAC'S SUNSET PARK BRIDGE PROGRAM SERVED 81 IMMIGRANT STUDENTS WITH BARRIERS TO EMPLOYMENT AND TOGETHER WITH BWI, HELPED 84 TO SECURE LIVING WAGE EMPLOYMENT AS OF 6/30/23. SUSTAINABLE DEVELOPMENT:IN 2023, FAC CONTINUED TO ADVANCE OUR EFFORTS TO INSTALL OVER 225,000 KW OF SOLAR POWER ON FAC OWNED AND MANAGED AFFORDABLE HOUSING AND COMMUNITY FACILITY BUILDINGS IN PHASE 1 AS PART OF REDUCING OUR GREENHOUSE GAS EMISSIONS, REDUCING MAINTENANCE EXPENSES TO CONTRIBUTE TO PERMANENT AFFORDABILITY AND REDUCE UTILITY EXPENSES FOR LOW AND MODERATE-INCOME TENANTS LIVING IN FAC PROPERTIES. FAC ALSO LAUNCHED BARRIO SOLAR WITH FAC HUD CERTIFIED HOUSING COUNSELING AFFILIATE, NEIGHBORS HELPING NEIGHBORS, AND PARTNER SOLAR ONE, TO ASSIST LMI HOMEOWNERS IN NYC TO REDUCE THEIR UTILITY COSTS, REDUCE GREENHOUSE GAS EMISSIONS AND INCREASE THE VALUE OF THEIR ASSET BY PROVIDING SUPPORTS AND SOLAR DOWN PAYMENT ASSISTANCE. 1007540 0 0 7909996 1 1 0 1 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 X 44 0 105 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X X ROY NIELSEN 7182372017 621 DEGRAW STREET BROOKLYN NY 11217 MELANNIE ASH CO-CHAIR 2.00 X X 0 0 0 PRISTINE JOHANNESSEN CO-CHAIR 2.00 X X 0 0 0 JESSICA A YAGER SECRETARY 2.00 X X 0 0 0 JUAN BARAHONA TREASURER 2.00 X X 0 0 0 DANY CUNNINGHAM BOARD MEMBER 2.00 X 0 0 0 KATE GILMORE BOARD MEMBER 2.00 X 0 0 0 CAROLINA GONZALEZ BOARD MEMBER 2.00 X 0 0 0 ERIC MAGNUS BOARD MEMBER 2.00 X 0 0 0 SAM MARKS BOARD MEMBER 2.00 X 0 0 0 CHARMAINE MARIZAN BOARD MEMBER THRU OCTOBER 2022 2.00 X 0 0 0 AYANA MUHAMMAD BOARD MEMBER 2.00 X 0 0 0 GAWAIN PATTERSON BOARD MEMBER 2.00 X 0 0 0 ERIK PAULINO BOARD MEMBER 2.00 X 0 0 0 JULIO PENA III BOARD MEMBER 2.00 X 0 0 0 MARIADELE PRIEST BOARD MEMBER 2.00 X 0 0 0 CATHERINE ZINNEL BOARD MEMBER 2.00 X 0 0 0 MICHELLE DE LA UZ EXECUTIVE DIRECTOR 30.00 5.00 X 233154 0 10720 ROY NIELSEN DIRECTOR OF FINANCE & IT 34.50 0.50 X 170054 0 20945 JAY A MARCUS DIRECTOR OF REAL ESTATE 34.50 0.50 X 133888 0 37288 EMILY BLANK DIR. OF EXTERNAL AFFAIRS & STRATEGY 34.50 0.50 X 125154 0 42575 WILLIAM YATES DIR. OF HOUSING DEVELOPMENT 34.50 0.50 X 142960 0 28876 ZULLY ROLAN DIR. OF ASSET & PROP. MGMT 34.50 0.50 X 115416 0 18387 BO RA LEE CHIEF OF STAFF 35.00 X 101146 0 10128 1021772 0 168919 7 0 1 0 IDLEWILD PARTNERS INC 326 CARROLL ST 2 BROOKLYN NY 11231 SALESFORCE CONSULTING 188909 PEOPLES COMPUTER SERVICES INC 1655 FLATBUSH AVE BROOKLYN NY 11210 INFORMATION TECHNOLOGY 177634 2 250526 2351316 3000060 5601902 MANAGEMENT FEE 531110 2042330 2042330 DEVELOP.& MARKET FEES 531390 1083390 1083390 SUBCONTRACT INCOME 541200 578570 578570 PROGRAM RENTAL 532000 146100 146100 3850390 18950 18950 556313 255530 300783 300783 300783 45675 250526 108535 -62860 -62860 MISCELLANEOUS INCOME 900099 19966 19966 19966 9729131 3850390 0 276839 464349 464349 441268 404492 11193 25583 4375810 4011124 110991 253695 101601 88387 5706 7508 731702 641315 37947 52440 531367 466058 27337 37972 66461 55874 7878 2709 18000 18000 21721 21721 750596 726381 16534 7681 43580 39445 1910 2225 243035 215065 16857 11113 115103 91256 11282 12565 572868 456192 86822 29854 44814 40298 2059 2457 32951 30515 1488 948 6968 6886 61 21 38327 32222 4543 1562 59076 49821 6887 2368 BAD DEBT EXPENSE 300000 300000 PROGRAM EXPENSES 39223 37194 1510 519 MAINTENANCE & REPAIR 28818 25113 2757 948 STAFF DEVELOPMENT 11482 10009 1095 378 9039120 7909996 654857 474267 1870464 1750809 77066 105588 1700448 1504283 607675 288723 13078 15149 869873 592756 283555 277117 54353 3929195 5555971 8481481 9551993 831701 952174 139604 72855 76980 105480 957262 1200306 994791 1033061 3000338 3363876 X 5128696 6044067 352447 144050 5481143 6188117 8481481 9551993 690011 16963 0 X X 0 1 X 1 1 1 X 3629470 3827090 4869633 5180179 5571177 23077549 3629470 3827090 4869633 5180179 5571177 23077549 321701 22755848 511279 637895 619742 628977 575263 2973156 11724 25797 27923 28854 19966 114264 26164969 15626350 0.86970 0.85530 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2018 AMOUNT: $ 11,724. 2019 AMOUNT: $ 25,797. 2020 AMOUNT: $ 27,923. 2021 AMOUNT: $ 28,854. 2022 AMOUNT: $ 19,966. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 18000 18000 8499767 8517767 575888 143972 0 0 483407 489279 520625 594175 2087486 3131229 15050 25981 18000 18000 77031 120852 122320 130156 148544 521872 782808 4981 4981 0 1 X 128520 128520 291480 207375 84105 98935 98935 0 350938 286446 64492 277117 ADVANCES TO AFFILIATES 4736117 MORTGAGE RECEIVABLE 745000 RIGHT TO USE ASSET 63005 SECURITY DEPOSIT 11849 5555971 REFUNDABLE GRANTS PAYABLE 871250 IDA FUND LIABILITY 98541 LEASE LIABILITY 63270 1033061 X 25217874 19727142 19727142 5490732 4238399 4238399 9729131 26762054 21961333 21961333 4800721 4238399 4238399 9039120 PART IV, LINE 2B: THE ORGANIZATION'S HOUSING AND COMMUNITY FACILITY RELATED ENTITIES, HOLD SECURITY DEPOSITS FROM TENANTS IN AN ESCROW ACCOUNT. THESE DEPOSITS ARE RETURNED ONCE THEY MOVE OUT OF THE UNIT AS PER LEASE TERMS AND RELEVANT LAW. PART X, LINE 2: THE CORPORATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE CORPORATION HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE CORPORATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE ATTRIBUTABLE TO SUBSIDIARIES 19,363,077. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 255,530. EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 108,535. PART XI, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION FROM CONSOLIDATING FINANCIAL STATEMENTS 4,238,399. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES ATTRIBUTABLE TO SUBSIDIARIES 21,597,268. RENTAL EXPENSES REPORTED ON PART VIII, LINE 6B 255,530. EVENT EXPENSES REPORTED ON PART VIII, LINE 8B 108,535. PART XII, LINE 4B - OTHER ADJUSTMENTS: ELIMINATION FROM CONSOLIDATING FINANCIAL STATEMENTS 4,238,399. X X X X X X X 1 KAREN MAHLER 133 EIGHT AVENUE 1C BROOKLYN NY 11215 GRANTWRITING 0 0 21721 -21721 21721 -21721 NY FAC BENEFIT & AWARDS 296201 250526 45675 25000 31355 2000 50180 296201 250526 45675 25000 31355 2000 50180 108535 -62860 SCHEDULE G, PART I, LINE 2B, COLUMN (V) FAC AGREED TO PAY THE GRANTWRITER $100/HOUR. SERVICES WERE INVOICED ON A MONTHLY BASIS AND PAYMENT WAS REMITTED WITHIN 30 DAYS OF INVOICE RECEIPT. 1 FAC RENAISSANCE HDFC 621 DEGRAW STREET BROOKLYN NY 11217 811004692 501(C)(4) 150000 0 GENERAL OPERATING SUPPORT NEIGHBORS HELPING NEIGHBORS 621 DEGRAW STREET BROOKLYN NY 11217 113059958 501(C)(3) 141349 0 GENERAL OPERATING SUPPORT LEAP INC 621 DEGRAW STREET BROOKLYN NY 11217 113111694 501(C)(3) 57000 0 GENERAL OPERATING SUPPORT FAC PRESERVATION HDFC 621 DEGRAW STREET BROOKLYN NY 11217 470919280 501(C)(4) 48000 0 GENERAL OPERATING SUPPORT FAC HOMEOWNERSHIP HDFC 621 DEGRAW STREET BROOKLYN NY 11217 113440267 501(C)(3) 25000 0 GENERAL OPERATING SUPPORT SUNKEEPER SOLAR LLC 639 MARLBOROUGH ROAD BROOKLYN NY 11230 843059849 LLC 23000 0 GENERAL OPERATING SUPPORT FAC ADVANCE HDFC 621 DEGRAW STREET BROOKLYN NY 11217 264642733 501(C)(4) 20000 0 GENERAL OPERATING SUPPORT 3 4 PART I, LINE 2: FAC PERIODICALLY DISTRIBUTES GRANTS TO BOTH AFFILIATE ORGANIZATIONS AS WELL AS OTHER 501(C)(3) ORGANIZATIONS. GRANTS ARE USUALLY DISTRIBUTED IN A MANNER WHERE FAC IS THE LEAD ORGANIZATION FOR THE GRANT FUNDS AND SUBCONTRACTS OUT SOME OF THE WORK TO OTHERS. FAC PERIODICALLY REQUIRES REPORTING FROM THE SUBCONTRACTORS ON HOW THEY SPEND THE FUNDS AND MAKES SURE THAT THE FUNDS ARE BEING SPENT IN ACCORDANCE WITH THE GRANT GUIDELINES AND BUDGET. X X X X 0 0 0 0 0 0 0 1 0 MICHELLE DE LA UZ EXECUTIVE DIRECTOR 229154 0 1000 0 3000 0 10647 0 73 0 243874 0 0 0 ROY NIELSEN DIRECTOR OF FINANCE & IT 164054 0 6000 0 0 0 7984 0 12961 0 190999 0 0 0 WILLIAM YATES DIR. OF HOUSING DEVELOPMENT 137960 0 5000 0 0 0 0 0 28876 0 171836 0 0 0 JAY A MARCUS DIRECTOR OF REAL ESTATE 131429 0 1000 0 1459 0 6689 0 30599 0 171176 0 0 0 EMILY BLANK DIR. OF EXTERNAL AFFAIRS & STRATEGY 124154 0 1000 0 0 0 0 0 42575 0 167729 0 0 0 PART I, LINE 7 CERTAIN INDIVIDUALS INCLUDED IN SCHEDULE J, PART II RECEIVED A DISCRETIONARY BONUS DURING CALENDAR YEAR 2022 WHICH WAS INCLUDED IN COLUMN B(II) HEREIN AND IN THEIR 2022 FORM W-2, BOX 5, AS TAXABLE MEDICARE WAGES. FORM 990, PART III, LINE 1 FIFTH AVENUE COMMITTEE, INC. (FAC) IS A COMPREHENSIVE COMMUNITY DEVELOPMENT CORPORATION AND CHARTERED MEMBER OF THE NEIGHBORWORKS AMERICA NETWORK. FOUNDED IN 1978, FAC'S MISSION IS TO ADVANCE ECONOMIC, SOCIAL, AND RACIAL JUSTICE. FAC STRIVES TO MAKE OUR COMMUNITIES MORE EQUITABLE, SUSTAINABLE, INCLUSIVE AND JUST SO THAT ALL CAN LIVE AND WORK WITH DIGNITY AND RESPECT. TO ACHIEVE ITS MISSION, FAC DEVELOPS AND MANAGES AFFORDABLE HOUSING AND COMMUNITY FACILITIES; CREATES ECONOMIC OPPORTUNITIES FOR LOW AND MODERATE INCOME NEW YORKERS, AND ENSURES ACCESS TO ECONOMIC STABILITY THROUGH WORKFORCE TRAINING AND JOB PLACEMENT ASSISTANCE; CONNECTS NEEDY FAMILIES WITH PUBLIC BENEFITS, TAX PREPARATION ASSISTANCE AND LEGAL, FINANCIAL AND CREDIT COUNSELING; PROVIDES STUDENT-CENTERED ADULT EDUCATION AND LITERACY CLASSES; ORGANIZES COMMUNITY MEMBERS, PUBLIC HOUSING RESIDENTS, IMMIGRANTS AND YOUTH; AND COMBATS DISPLACEMENT CAUSED BY GENTRIFICATION. TOGETHER, FAC'S PROGRAMS DIRECTLY IMPACT THE LIVES OF 6,000 LOW AND MODERATE INCOME NEW YORKERS ANNUALLY. FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. FORM 990, PART VI, SECTION B, LINE 11B FIFTH AVENUE COMMITTEE, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD MEMBERS OF THE ORGANIZATION FOR ANY COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE OUTSIDE ACCOUNTANTS. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C FAC HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT IS ANNUALLY MONITORED. THE POLICY APPLIES TO RESPONSIBLE PERSONS. A RESPONSIBLE PERSON IS DEFINED AS ANY PERSON SERVING AS AN OFFICER, EMPLOYEE, OR MEMBER OF THE BOARD OF DIRECTORS OF FIFTH AVENUE COMMITTEE, INC. IF A RESPONSIBLE PERSON WERE TO HAVE A CONFLICT THE FOLLOWING PROCEDURES WOULD TAKE PLACE: A. BEFORE BOARD OR COMMITTEE ACTION ON AND AGREEMENT OR TRANSACTION INVOLVING A CONFLICT OF INTEREST, A DIRECTOR OR COMMITTEE MEMBER HAVING A CONFLICT OF INTEREST AND WHO ATTENDS THE MEETING SHALL DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. B. A DIRECTOR OR COMMITTEE MEMBER WHO PLANS NOT TO ATTEND A MEETING AT WHICH HE OR SHE HAS REASON TO BELIEVE THAT THE BOARD OR COMMITTEE WILL ACT ON A MATTER IN WHICH THE PERSON HAS A CONFLICT OF INTEREST SHALL DISCLOSE TO THE CHAIR OF THE MEETING ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST. THE CHAIR SHALL REPORT THE DISCLOSURE AT THE MEETING AND THE DISCLOSURE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. C. A PERSON WHO HAS A CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN OR BE PERMITTED TO HEAR THE BOARD'S OR COMMITTEE'S DISCUSSION OF THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND TO RESPOND TO QUESTIONS. SUCH PERSON SHALL NOT ATTEMPT TO EXERT THEIR PERSONAL INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. D. A PERSON WHO HAS A CONFLICT OF INTEREST WITH RESPECT TO AN AGREEMENT OR TRANSACTION THAT WILL BE VOTED ON AT A MEETING SHALL NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE. THE PERSON HAVING A CONFLICT OF INTEREST MAY NOT VOTE ON THE AGREEMENT OR TRANSACTION AND SHALL NOT BE PRESENT IN THE MEETING ROOM WHEN THE VOTE IS TAKEN, UNLESS THE VOTE IS BY SECRET BALLOT. SUCH PERSON'S INELIGIBILITY TO VOTE SHALL BE REFLECTED IN THE MINUTES OF THE MEETING. FOR PURPOSES OF THIS PARAGRAPH, A MEMBER OF THE BOARD OF DIRECTORS OF FIFTH AVENUE COMMITTEE, INC. HAS A CONFLICT OF INTEREST WHEN THEY STAND FOR ELECTION AS AN OFFICER OR FOR RE-ELECTION AS A MEMBER OF THE BOARD OF DIRECTORS, UNLESS THE VOTE IS AS A SLATE OF CANDIDATES OR OFFICERS. E. RESPONSIBLE PERSONS WHO ARE NOT MEMBERS OF THE BOARD OF DIRECTORS OF FIFTH AVENUE COMMITTEE, INC., OR WHO HAVE A CONFLICT OF INTEREST WITH RESPECT TO AN AGREEMENT OR TRANSACTION OR OUTSIDE ACTIVITY THAT IS NOT THE SUBJECT OF BOARD OR COMMITTEE ACTION, SHALL DISCLOSE TO THE EXECUTIVE DIRECTOR ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO AN AGREEMENT, TRANSACTION OR OUTSIDE ACTIVITY. IF THE RESPONSIBLE PERSON IS THE EXECUTIVE DIRECTOR, THEY SHALL DISCLOSE TO THE EXECUTIVE COMMITTEE OF THE BOARD ANY CONFLICT OF INTEREST THAT SUCH RESPONSIBLE PERSON HAS WITH RESPECT TO AN AGREEMENT, TRANSACTION OR OUTSIDE ACTIVITY. SUCH DISCLOSURE SHALL BE MADE AS SOON AS THE CONFLICT OF INTEREST IS KNOWN TO THE RESPONSIBLE PERSON. THE RESPONSIBLE PERSON SHALL REFRAIN FROM ANY ACTION THAT MAY AFFECT FIFTH AVENUE COMMITTEE, INC'S PARTICIPATION IN SUCH AGREEMENT, TRANSACTION OR OUTSIDE ACTIVITY. F. IN THE EVENT IT IS NOT ENTIRELY CLEAR THAT A CONFLICT OF INTEREST EXISTS, THE INDIVIDUAL WITH THE POTENTIAL CONFLICT SHALL DISCLOSE THE CIRCUMSTANCES TO THE CHAIR OR CO-CHAIRS, THE EXECUTIVE DIRECTOR OR THE EXECUTIVE COMMITTEE (AS A MEMBER OF THE BOARD, AN EMPLOYEE OR THE EXECUTIVE DIRECTOR AS RELEVANT), WHO SHALL DETERMINE WHETHER THERE EXISTS A CONFLICT OF INTEREST THAT IS SUBJECT TO THIS POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHO DOES NOT HAVE A CONFLICT OF INTEREST, REVIEWS INFORMATION ANNUALLY ABOUT THE EXECUTIVE COMPENSATION OF NONPROFIT PEERS AS WELL AS SALARY SURVEY FROM INDEPENDENT SOURCES. THE EXECUTIVE COMMITTEE MAKES A RECOMMENDATION ON EXECUTIVE DIRECTOR COMPENSATION UTILIZING THIS INFORMATION TO THE FULL BOARD OF DIRECTORS WHO THEN VOTES ON THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR. THE DECISION IS DOCUMENTED IN THE MINUTES TO THE BOARD. THE OPERATIONS AND PERSONNEL COMMITTEE REVIEWS THIRD PARTY SALARY SURVEYS AND 990'S OF NONPROFIT PEERS AND PROVIDES GUIDANCE TO THE EXECUTIVE DIRECTOR ON SALARY RANGES FOR THE EXECUTIVE DIRECTOR TO THEN FINALIZE FOR OTHER STAFF INCLUDING KEY STAFF. THIS PROCESS WAS LAST UNDERTAKEN IN FY2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG (DBA CANDID), ON FAC'S WEBSITE AND OTHER RELEVANT WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, ARTICLES OF INCORPORATION AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION DIRECTLY. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS DID NOT CHANGE FROM THE PRIOR YEAR. 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