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FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | THE NAIOP RESEARCH FOUNDATION FOSTERS BUILDING BETTER COMMUNITIES THROUGH PRACTICAL RESEARCH AND EDUCATION THAT ADVANCES THE QUIALITY AND MAKES EVIDENT THE BENEFITS OF COMMERCIAL REAL ESTATE OWNERSHIP AND DEVELOPMENT. |
FORM 990, PART VI, SECTION A, LINE 7A: | THE TRUSTEES ARE NOMINATED BY THE NOMINATING COMMITTEE OF THE RESEARCH FOUNDATION AND ELECTED BY NAIOP'S BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION A, LINE 7B: | THE FOUNDATION BOARD MAY AMEND OR REPEAL THE ORGANIZATION'S BYLAWS IN WHOLE OR IN PART SUBJECT TO THE APPROVAL OF THE NAIOP BOARD OF DIRECTORS. |
FORM 990, PART VI, SECTION B, LINE 11B: | MANAGEMENT REVIEWS THE 990 BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
FORM 990, PART VI, SECTION B, LINE 12C: | ALL BOARD, EXECUTIVE COMMITTEE, & SENIOR STAFF ARE REQUIRE TO ANNUALLY COMPLETE A CONFLICT OF INTEREST/DISCLOSURE STATEMENT. WHEN A COVERED PERSON HAS A CONFLICT, THE FOLLOWING STEPS WILL BE TAKEN: IF THE CONFLICT INVOLVES A BOARD MEMBER OR COMMITTEE MEMBER, THE PRESIDENT SHALL MAKE A RECOMMENDED DISPOSITION TO THE BOARD. IF THE CONFLICT INVOLVES A STAFF MEMBER, THE PRESIDENT SHALL HAVE THE AUTHORITY TO DECIDE UPON APPROPRIATE DISPOSITION. THE RECOMMENDED DISPOSITION MAY CONSIST OF ONE OF THE FOLLOWING: 1) SIMPLE DISCLOSURE WHERE THE BOARD OR ASSOCIATION'S AWARENESS OF THE DISCLOSURE IS SUFFICIENT TO CORRECT ANY BIAS; 2) RECUSAL DURING ANY REPORTING, DISCUSSION OR DECISION-MAKING REGARDING AN IMPORTANT POLICY OR PROGRAM WHEN THE CONFLICT AFFECTS THAT POLICY OR PROGRAM; OR 3) RESIGNATION WHEN THE CONFLICT RELATES TO A CONTINUING, PERVASIVE AND IMPORTANT BOARD, COMMITTEE, OR ASSOCIATION FUNCTION THAT CANNOT BE ISOLATED ON AN AGENDA SO AS TO PERMIT RECUSAL. |
FORM 990, PART VI, SECTION C, LINE 19: | THE ORGANIZATION MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
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