Old Town Association

“Copy of the 990 is presented to the board of directors via email prior to filing”

“The board adopted a conflict of interest policy in 2016. The policy is reviewed annually with the board. Board members complete an annual acknowledgement of the policy and disclose any conflicts at that time or as they arise.”

“UPON REQUEST”

“The organization is a citizens-based group committed to the sustained redevelopment of the city of rock hill's downtown area. The primary purposes of the organization are: promote downtown through marketing, promotions and special events; promote communication and cooperation between parties having an interest in downtown; foster a sense of community interest in downtown; provide a forum where people can bring specific concerns for discussion, receive reliable information, and support for legitimate causes; furnish a connecting link between the downtown master plan and local government, businesses, citizens and non-profit groups who have a stake in the success of the area; implement the goals and strategies outlined in the downtown master plan.”

“Promote downtown through marketing, promotions and special events; promote communication and cooperation between parties having an interest in downtown; foster a sense of community interest in downtown; provide a forum where people can bring specific concerns for discussion, receive reliable information, and support for legitimate causes; furnish a connecting link between the downtown master plan and local government, businesses, citizens and non-profit groups who have a stake in the success of the area; implement the goals and strategies outlined in the downtown master plan.”

“Entertainment/artist fees 36,610 0 0 event rentals 165,240 0 0 outsourced fireworks 12,000 0 0 support staff 36,585 0 0 photography 695 0 0 total 251,130 0 0”

“Accrual to cash conversion 3,065”

“Accrual to cash - based on the level of non-profits' personnel resources, management evaluated cost vs benefit of utilizing one method over the other. After the valulation, management decided any benefit gained for accural based financial reporting was too costly for tracking its revenue and expenses. An important aspect of the decision weighed on the fact that the same events are done consistenly from year to year from a timing stand point which still aligns well for its financial reporting on cash basis.”