Rochester Downtown Development Corporation

“Two board members, Tim Schmid and Rosanne Schmid, are related.”

“The Form 990 goes to the Audit Committee for review and then to the full Board for their input.”

“A director or officer is required to disclose a conflict of interest (A) prior to voting on or otherwise discharging their duties with respect to any matter involving the conflict which comes before the board or any other committee; (B) prior to entering into any contract or transaction involving the conflict; (C) as soon as possible after the director or officer learns of the conflict; (D) on the annual conflict of interest disclosure form. Annually, a form is distributed that solicits disclosure of all conflicts of interest. The President is responsible for determining the proper way for the Corporation to handle decisions which involve unresolved employee conflicts of interest. In cases involving the President, the Board Chair will determine the appropriate response. The President shall report to the board at least annually concerning employee conflicts of interest which have been disclosed and contracts and transactions involving employee conflicts which the President has approved.”

“All employees, except the President, are to be evaluated by the President annually. Compensation of the employees are approved by the board when approving the budget and this approval is documented in the meeting minutes. The performance and compensation of the President is to be evaluated and approved by the Governance and Compensation Committee annually.”

“The Organization's governing documents, conflict of interest policy, and financial statements are available upon request.”

“Other Professional Services: Program service expenses 87,533. Management and general expenses 100,139. Fundraising expenses 0. Total expenses 187,672.”