Fox River Trolley Association Inc.

“Significant Changes to Governing Documents *** The Corporation bylaws were updated in 2024. The mission of the Corporation was not changed. Some new classes of membership were created, and specific allowances for electronic communication were created. Two new positions of Community Director were created, said non-member Community Directors to be appointed by the existing elected Board for a term of one year.”

“Members or Stockholders *** Qualifications: Any person whose interest coincides with the Purpose of the Corporation as stated in Article I is eligible to join the Corporation as a Member. No person shall be eligible to hold simultaneously more than one (1) Membership in the Corporation. Nothing in this section shall be construed to deny any person Membership solely on the basis of race, religion, gender, or ethnic origin. Section 2: Classes of Membership: There shall be the following Classes of Members: General Member- A natural person at least eighteen (18) years of age, and whose interest coincides with the stated Purpose of the Corporation. Qualified Member- A natural person at least eighteen (18) years of age, and whose interest coincides with the stated Purpose of the Corporation, also having contributed a recorded minimum of two hundred (200) Work Hours to the Corporation over a minimum of twenty four (24) months of actively holding Member status as a General Member, Youth Member, Honorary Member, or as the Primary Member of a Family Membership. Youth Member- A natural person at least thirteen (13) years of age and under eighteen (18) years of age, with parental or guardian permission as stated in policy to be set forth by Act of the Board of Directors, and whose interest coincides with the stated Purpose of the Corporation. Such a person will, upon his or her eighteenth (18th) birthday, attain eligibility to be a General Member after applying for the change in Class and paying any difference in Dues. Family Member- A single Membership covering a group of natural persons including one (1) adult at least eighteen (18) years of age to be the Primary Member under this Membership, up to one (1) other adult at least eighteen (18) years of age, and all children seventeen (17) or less years of age whose interest coincides with the stated Purpose of the Corporation. Honorary Member- A natural or juridical person who has been awarded status as a Member under this Class by Act of the Board of Directors. Institutional Member- A juridical person being any business, library, educational institution, or other organization whose interest coincides with the stated Purpose of the Corporation. No life Memberships shall be created.”

“Power to Elect *** Each Member from each Class of Members, except Youth and Institutional, shall be entitled to one (1) Vote (Voting Members) on matters pertaining to the government of the Corporation, as described in the Bylaws. One (1) Vote may be cast by the Primary Member of each Family Membership.”

“Governing Body review of Form 990 *** The IRS Form 990 is prepared by the organization. Prior to filing the Form 990 with the IRS, the current organization's officers and directors review a complete copy of the Form 990.”

“How documents are made available to the public *** The organization makes its governing documents (which include articles of incorporation and bylaws), Form 1023, and financial statements available to the public upon written request. Copies of prior years' Forms 990 are posted on the organization's web site. Copies of the organization's non-discrimination policy are also posted on the web site.”

“Prepaid expenses for preparation of construction of new building addition.”

“Accounting Method *** The organization uses a Modified Cash Basis. All Income & Expenses are recorded when received or paid except for Inventory Items and Fixed Assets and Long Term Loans. Purchases for Inventory Items are expenses when the items are sold in the gift shop. Long Term Assets are capitalized and depreciated.”