The District Inc
- Assets
- $0.0
- Revenue
- $90.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Rock Island, IL
- Founding
- Data as of
- 12/2018
- EIN
- 36-3927582
Organization Overview
The District Inc is located in Rock Island, IL. District Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2018, District Inc generated $90.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (17.9%) each year. All expenses for the organization totaled $89.1k during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (19.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE DISTRICT, INC., AN ILLINOIS NON-PROFIT MERCHANTS' ASSOCIATION, PROMOTES DEVELOPMENT OF NEW BUSINESS, IMPROVEMENT OF EXISTING BUSINESS AND APPRECIATION OF THE ARTS IN DOWNTOWN ROCK ISLAND, ILLINOIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE DISTRICT'S MISSION IS TO MAKE DOWNTOWN ROCK ISLAND A CREATIVE AND INNOVATIVE EXPERIENCE. TO DO THIS, THE DISTRICT DIRECTS AND MANAGES A SERIES OF COMMUNITY EVENTS. THE DISTRICT PRODUCES TWO PRIMARY REVENUE GENERATING COMMUNITY FESTIVALS: GUMBO YA YA, WHICH CELEBRATES LOUISIANA CULTURE AND YA MAKA MY WEEKEND, A CARIBBEAN FESTIVAL. THE DISTRICT ALSO PARTNERS WITH A SPORTS THEMED FESTIVAL, THE ROCK ISLAND GRAND PRIX. THE ROCK ISLAND GRAND PRIX RACING ASSOCIATION BRINGS KNOWLEDGE OF KART RACING AND THE DISTRICT PROVIDES THE LOGISTICS AND FESTIVAL EXPERTISE AND ALSO ACTS AS A LIAISON WITH THE DOWNTOWN BUSINESSES. THIS PARTNERSHIP ALLOWS THE DISTRICT TO BRING A HIGH QUALITY FESTIVAL TO THE COMMUNITY AND INCREASES PUBLIC AWARENESS OF OUR DOWNTOWN. THIS EVENT IS FREE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brett Hitchcock Chairman | OfficerTrustee | 1 | $0 |
Bill Renk Director | Trustee | 1 | $0 |
Jan Masamoto Director | Trustee | 1 | $0 |
Jamie Derudder Vice Chairman | OfficerTrustee | 1 | $0 |
Kyle Peters Treasurer | OfficerTrustee | 1 | $0 |
Shelly Dingeldein Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,100 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,650 |
| Total Program Service Revenue | $42,052 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $90,702 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $200 |
| Office expenses | $296 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,915 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $17,574 |
| Total functional expenses | $89,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |