The District Inc

“District Members vote to elect the directors each year. We hold an annual meeting for all members, held in January, at which the elections are counted and voted on. Members may be called upon to vote on something significant.”

“Each year, a ballot of potential persons willing to serve on the board is mailed to all members. The ballots can be mailed back, or they may bring their ballot with them to the annual meeting. Each member business is entitled to one vote. Ballots are counted at the annual meeting, and a motion to approve the board is then taken.”

“The Board of Directors has the authority to vote and approve decisions. The Board is comprised of people who represent the various business type make-up of the members as a whole, so that all business types have a voice. (i.e., Arts, Hospitality, Service, Retail, etc.)”

“a copy of the form 990 will be provided to the organization's governing body before it is signed and filed by the board's treasurer.”

“the conflict of interest policy only applies to staff. the organization does monitor and enforce compliance with the conflict of interest policy for staff. Staff meetings are held monthly and include The District, DARI and GROWTH - the other two Not-For Profits that are housed in our building and operate under the direction of the President of Renaissance Rock Island. Staff members are required to present updates on their activities. The President would address any potential conflicts, should something appear.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Production: Program service expenses 10,645. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,645. Beverage Costs: Program service expenses 9,484. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,484. Clean Up: Program service expenses 8,593. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,593. Office Services: Program service expenses 8,134. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,134. Supplies: Program service expenses 7,632. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,632. T-Shirts: Program service expenses 1,747. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,747. Website: Program service expenses 680. Management and general expenses 0. Fundraising expenses 0. Total expenses 680. Postage: Program service expenses 351. Management and general expenses 0. Fundraising expenses 0. Total expenses 351. Professional Development: Program service expenses 24. Management and general expenses 0. Fundraising expenses 0. Total expenses 24.”

“Prior year 990s filed indicated accounting method as "accrual" in error. The organization has not changed its accounting method. The organization has always used the cash accounting method.”

“Volunteerism is the foundation for every successful event. During the year, The District Inc, utilized approximately 300 volunteers to help put on community events. These volunteers work a cumulative total of approximately 1500 hours. This equates to a value of $36,211.00 based on the estimated dollar value of volunteer time for 2016 ($24.14 per hour). Utilization of volunteers reduces operating wages and salaries, thereby creating more profit from gate receipts. In addition, volunteering fosters a sense of involvement within the community.”