The Rivercity Company

“The rivercity company charter allows the chairman of the city council of chattanooga and the chairman of the board of commissioners of hamilton county to appoint a designee representative.”

“The draft of the form 990 is reviewed carefully by the board chairperson, the president, legal counsel, the rivercity executive staff, and rivercity's internal accountants. The draft of the 990 is also presented at the rivercity board meeting to allow for discussion and questions from board members. When the draft is finalized and ready to be furnished to the irs, a copy is given to all board members.”

“The organization requires all officers, board of directors, trustees, and key employees to fill out a written conflict of interest questionnaire annually.”

“The executive committee regularly reviews several factors including (1) an independent compensation survey, which was last performed during 2019. The survey looked at the economic research institute survey data for ceo compensation of various industries, including non-profits and real estate development, compensation for the ceo of the chattanooga chamber of commerce, the chattanooga convention and visitors bureau, the tennessee aquarium, nashville downtown partnership, and knoxville chamber of commerce, (2) the applicant's existing rate of pay, (3) compensation paid to the two immediate previous rivercity executive directors, (4) evaluation semi-annually of the executive director's bonus compensation based upon goals set by the committee.”

“The primary governing document for rivercity is its organizing charter, which is a public document available from the tennessee secretary of state and/or the hamilton county, tennessee registrar's office. Rivecity does make available for public inspection the federal form 990 and form 1023. Rivercity does not make other financial statement or operational documents available for public inspections.”

“Professional fees: program service expenses 436,810. Management and general expenses 0. Fundraising expenses 0. Total expenses 436,810. Management fees: program service expenses 9,000. Management and general expenses 17,007. Fundraising expenses 0. Total expenses 26,007.”

“Rent: program service expenses 0. Management and general expenses 33,460. Fundraising expenses 0. Total expenses 33,460. Contract labor: program service expenses 31,401. Management and general expenses 0. Fundraising expenses 0. Total expenses 31,401. Supplies: program service expenses 23,759. Management and general expenses 2,905. Fundraising expenses 0. Total expenses 26,664. Security: program service expenses 24,295. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,295. Website expense: program service expenses 21,884. Management and general expenses 0. Fundraising expenses 0. Total expenses 21,884. Concessions: program service expenses 13,906. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,906. Parking: program service expenses 3,672. Management and general expenses 8,754. Fundraising expenses 0. Total expenses 12,426. Bad debt expense: program service expenses 10,175. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,175. Printing: program service expenses 7,142. Management and general expenses 3,032. Fundraising expenses 0. Total expenses 10,174. Property taxes: program service expenses 9,056. Management and general expenses 0. Fundraising expenses 0. Total expenses 9,056. Support of project: program service expenses 8,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,132. Miscellaneous: program service expenses 1,677. Management and general expenses 6,148. Fundraising expenses 0. Total expenses 7,825. Meals: program service expenses 4,824. Management and general expenses 2,857. Fundraising expenses 0. Total expenses 7,681. Other: program service expenses 7,192. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,192. Licensing and fees: program service expenses 5,783. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,783. Commissions: program service expenses 5,724. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,724. Video, graphics, printing and photography: program service expenses 5,526. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,526. Dues and subscriptions: program service expenses 0. Management and general expenses 5,376. Fundraising expenses 0. Total expenses 5,376. Maintenance: program service expenses 800. Management and general expenses 4,519. Fundraising expenses 0. Total expenses 5,319. Sponsorship: program service expenses 4,275. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,275. Seminars and convention: program service expenses 0. Management and general expenses 4,088. Fundraising expenses 0. Total expenses 4,088. Facility rental: program service expenses 3,640. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,640. Barricades: program service expenses 1,650. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,650. Strategic plan: program service expenses 0. Management and general expenses 1,250. Fundraising expenses 0. Total expenses 1,250. Marketing: program service expenses 0. Management and general expenses 1,250. Fundraising expenses 0. Total expenses 1,250. Postage and freight: program service expenses 0. Management and general expenses 827. Fundraising expenses 0. Total expenses 827. Photography: program service expenses 277. Management and general expenses 0. Fundraising expenses 0. Total expenses 277.”

“The organization has a committee that assumes responsibility for the audit. The process by which the organization assumes responsibility for oversight of the audit has not changed from the prior year.”