The Loop Trolley Company

“The irs form 990 for the organization is prepared on an annual basis by a third party accounting firm. Subsequent to preperation of the return, the president of the organization's board of directors reviews, approves and signs the irs form 990. Prior to filing the form 990 with the irs, an electronic copy of the irs form 990 is provided to the board of directors by the president.”

“The organization requires all members of the board of directors to sign conflict of interest statements. The conflict of interest statements are collected and reviewed by the officers of the board of directors.”

“The compensation of the executive director was determined by the officers of the board of directors. The executive director's compensation and performance was evaluated by the officers of the board of directors on a recurring and periodic basis. The officers of the board of directors consider the financial resources of the organization, performance of the executive director, and compensation of similar roles at similar not-for-profit organizations during the evaluation of the executive director's compensation. The organziation entered into windup activities in 2022 to dissolve the organization, and as of april 2022, no longer had a paid executive director as an employee of the organization.”

“The organization will provide the irs form 990 as well as other documents that are required to be disclosed to the public upon receipt of a written request for such documents.”

“During 2022, the organization began winding up its activities to work towards dissolution, as the managment and operations of trolley service activities were assumed by bi-state development.”