TY 2017 Form 990 Schedule O

efile Public Visual Render ObjectId: 201920889349301407 - Submission: 2019-03-29 TIN: 20-8156160

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Go to www.irs.gov/Form990 for the latest information.

OMB No. 1545-0047

2017

Open to Public
Inspection

Name of the organization

URBANPROMISE WILMINGTON INC

Employer identification number

20-8156160

Return Reference	Explanation
FORM 990, PART VI, SECTION B, LINE 11B	THE ORGANIZATION'S FINANCE COMMITTEE FIRST RECEIVES A COPY OF THE DRAFT FORM 990 AND PERFORMS A REVIEW. AFTER THE FINANCE COMMITTEE'S APPROVAL, A DRAFT OF THE FORM 990 IS CIRCULATED TO THE FULL BOARD AND THEY ARE PROVIDED A DESIGNATED PERIOD OF TIME TO PROVIDE COMMENTS PRIOR TO FILING THE FORM WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE EXECUTIVE DIRECTOR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIRMAN OF THE BOARD), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIRMAN OF THE FINANCE COMMITTEE) WHO SHALL BRING THESE MATTERS TO THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO URBANPROMISE WILMINGTON. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF URBANPROMISE WILMINGTON AND THE ADVANCEMENT OF ITS PURPOSE.
FORM 990, PART VI, SECTION B, LINE 15	THE EXECUTIVE COMMITTEE WILL DEVELOP THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR (AND OTHER MEMBERS OF THE SENIOR MANAGEMENT TEAM AS THE BOARD DIRECTS) AND RECOMMEND TO THE FULL BOARD FOR APPROVAL AS PART OF THE OVERALL COMPENSATION PLAN. THE EXECUTIVE COMPENSATION PLAN WILL INCLUDE: * RELEVANT MARKET DATA FOR THE EXECUTIVE DIRECTOR POSITION FOR BOTH TAX-EXEMPT AND FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE/BUDGET. * REVIEW OF PERFORMANCE VERSUS ESTABLISHED OBJECTIVES * ASSESSMENT OF UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, EXCEPTIONAL PERFORMANCE, ADDITIONAL DUTIES AND RESPONSIBILITIES, AND CHALLENGES FACING THE ORGANIZATION THAT REQUIRE THE USE OF SUCH ATTRIBUTES OR SKILLS.
FORM 990, PART VI, SECTION C, LINE 18	THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, A COPY OF THE ORGANIZATION'S FORM 990 CAN BE REVIEWED AT WWW.GUIDESTAR.ORG.
FORM 990, PART VI, SECTION C, LINE 19	THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR WITH RESPECT TO SELECTION OF AN INDEPENDENT ACCOUNTANT.

Return Reference

Explanation

FORM 990, PART VI, SECTION B, LINE 11B

THE ORGANIZATION'S FINANCE COMMITTEE FIRST RECEIVES A COPY OF THE DRAFT FORM 990 AND PERFORMS A REVIEW. AFTER THE FINANCE COMMITTEE'S APPROVAL, A DRAFT OF THE FORM 990 IS CIRCULATED TO THE FULL BOARD AND THEY ARE PROVIDED A DESIGNATED PERIOD OF TIME TO PROVIDE COMMENTS PRIOR TO FILING THE FORM WITH THE IRS.

FORM 990, PART VI, SECTION B, LINE 12C

DISCLOSURE IN THE ORGANIZATION SHOULD BE MADE TO THE EXECUTIVE DIRECTOR (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIRMAN OF THE BOARD), WHO SHALL BRING THE MATTER TO THE ATTENTION OF THE BOARD OR A DULY CONSTITUTED COMMITTEE THEREOF. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE CHAIRMAN OF THE BOARD, (OR IF SHE OR HE IS THE ONE WITH THE CONFLICT, THEN TO THE CHAIRMAN OF THE FINANCE COMMITTEE) WHO SHALL BRING THESE MATTERS TO THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IN THE CASE OF AN EXISTING CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO URBANPROMISE WILMINGTON. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF URBANPROMISE WILMINGTON AND THE ADVANCEMENT OF ITS PURPOSE.

FORM 990, PART VI, SECTION B, LINE 15

THE EXECUTIVE COMMITTEE WILL DEVELOP THE COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR (AND OTHER MEMBERS OF THE SENIOR MANAGEMENT TEAM AS THE BOARD DIRECTS) AND RECOMMEND TO THE FULL BOARD FOR APPROVAL AS PART OF THE OVERALL COMPENSATION PLAN. THE EXECUTIVE COMPENSATION PLAN WILL INCLUDE: * RELEVANT MARKET DATA FOR THE EXECUTIVE DIRECTOR POSITION FOR BOTH TAX-EXEMPT AND FOR-PROFIT ORGANIZATIONS OF SIMILAR SIZE/BUDGET. * REVIEW OF PERFORMANCE VERSUS ESTABLISHED OBJECTIVES * ASSESSMENT OF UNIQUE BACKGROUND, EXPERIENCE, PERSONAL SKILLS, EXCEPTIONAL PERFORMANCE, ADDITIONAL DUTIES AND RESPONSIBILITIES, AND CHALLENGES FACING THE ORGANIZATION THAT REQUIRE THE USE OF SUCH ATTRIBUTES OR SKILLS.

FORM 990, PART VI, SECTION C, LINE 18

THE ORGANIZATION'S FORM 1023 AND FORM 990 ARE AVAILABLE UPON REQUEST. ADDITIONALLY, A COPY OF THE ORGANIZATION'S FORM 990 CAN BE REVIEWED AT WWW.GUIDESTAR.ORG.

FORM 990, PART VI, SECTION C, LINE 19

THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART XII, LINE 2C:

THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR WITH RESPECT TO SELECTION OF AN INDEPENDENT ACCOUNTANT.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2017

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