Midcity Accelerator Foundation Inc

“Rcp companies and mcaf directors-the three directors for midcity accelerator foundation inc. Are alan duncan, max grelier and remy gross iii. Alan duncan is the controller for rcp companies (employee of company rex commercial properties, inc.) and has been with the company for approximately 6 years.max grelier and remy gross, iii are co-founders of rcp companies. Max, remy and alan handle all director duties of mcaf in addition to their responsibilities to rcp companies' operations, etc. All mcaf matters are handled in accordance with the related bylaws.”

“The 990 draft is submitted to the borard for review and comments before the return is filed.”

“To ensure the organization operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information, and the result of arm's length bargaining. B. Whether partnerships, joint ventures, and arrangements with management organizations conform to the organization's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in enurement, impermissible private benefit or in an excess benefit transaction.”

“The documents are available for inspection upon request at the office of the organization.”

“According to its certificate of formation, midcity accelerator foundation, inc. (the corporation) is organized exclusively to promote cultural, scientific, literary, educational, environmental, conservation, civic, professional, social, and charitable purposes. The corporation educates both artists and musicians, as well as aspiring entrepreneurs, in best practices for their respective fields. In doing so, the corporation provides instruction and training of individuals for the purpose of improving or developing their capabilities and provides instruction to the public on subjects useful to the individual and beneficial to the community. The corporation also seeks to accomplish charitable purposes by providing programming that helps provide relief to the poor, distressed, and underprivileged in a manner that also promotes social welfare by combatting community deterioration, lessening neighborhood tensions, eliminating prejudice and discrimination, and combatting juvenile delinquency. The corporation does this by empowering creative and entrepreneurial individuals to improve their communities, both through the arts and through entrepreneurial endeavors. 100% of the corporation's time is allocated to this activity, and the activity is funded by a mixture of donations and grants. The corporation will combat community deterioration through educational programming. The corporation believes that supporting entrepreneurs and artists can bridge cultural divides, develop distressed communities, lessen juvenile delinquency, drive learning and innovation, and strengthen the ties that artists and entrepreneurs have to the communities in which they live. This belief can be especially consequential in a state with a high poverty rate like alabama. With startup accelerator programs focused on the advancement of technology, music, and art, the corporation's mission broadly promotes overall cultural and community development. The corporation's startup accelerator programs, which are open to the general public, are currently focused on providing educational and related supportive services to musicians, visual artists, and entrepreneurs. The corporation also intends to conduct more specialized instruction and training for individuals and teams who apply and commit to attending a series of classes and startup accelerator programs. These startup accelerator programs will include instructional and training programs on various topics tailored to the individual participants' needs. In the process, the corporation will enrich the community's cultural and economic life, as the opportunity to participate in the accelerator and its associated programming will provide visibility to the participating artists and entrepreneurs. The corporation's individualized programming will lessen neighborhood tensions by empowering communities to harness existing resources to create meaningful employment opportunities. The corporation will accomplish a large portion of its educational purpose through promotion of the arts. The corporation will operate a musician accelerator program, which will offer not only music industry curriculum, but will also include a parallel mental health curriculum, which encourages participants to grow through their shared experiences of being an artist. This program will offer free workshops, which will bring insider knowledge to the local music community through curated topics and national expert panelists. This programming is intended to promote educational and artistic opportunities, as it not only promotes the continued production of musical works, but it also provides participants with the opportunity to learn from the unique perspectives of seasoned mentors that will inform their future growth as they continue to write and perform music. The music accelerator will not only instruct artists in developing their capabilities, but they will also instruct the general public on how the arts contribute to a thriving society. Similarly, the c”