2024-11-15T13:46:03-06:00 2024-06-30 621114363 HENDERSON HUTCHERSON & MCCULLOUGH PLLC 1200 MARKET STREET CHATTANOOGA TN 37402 990 2023-07-01 621273871 THE RIVERCITY COMPANY RIVE 4232653700 850 MARKET ST MILLER PLAZA 200 CHATTANOOGA TN 37402 EMILY MACK PRESIDENT 4232653700 2024-11-14 1 1 BRIAN D MILLER CPA P00365109 4237567771 2024-11-14 2023 2024-10-15 13:58:12Z EMILY MACK 850 MARKET ST MILLER PLAZA 200 CHATTANOOGA TN 37402 4782713 0 X WWW.RIVERCITYCOMPANY.COM X 1986 TN THE RIVERCITY COMPANY'S MISSION IS TO ASSIST AND SUPPORT THE CHATTANOOGA CITY AND HAMILTON COUNTY GOVERNMENTS BY PROMOTING AND MANAGING THE DEVELOPMENT OF A VIBRANT, ATTRACTIVE AND HEALTHY DOWNTOWN THAT IS THE ECONOMIC, SOCIAL AND CULTURAL CENTERPIECE OF THE CHATTANOOGA REGION. THE RIVERCITY COMPANY ACCOMPLISHES THIS BY OVERSEEING DEVELOPMENT OF DOWNTOWN REAL ESTATE, MAKING AND PROGRAMMING GREAT URBAN SPACES, AND EMPLOYING CREATIVE URBAN DESIGN. ITS PRIMARY STRATEGIC AREAS FOR PROJECTS AND INITIATIVES ARE: (I) CONTINUING THE ONE RIVERFRONT PLAN IN THE RIVERFRONT DISTRICT, (II) REINVIGORATING THE HISTORIC COMMERCIAL CORE IN THE CITY CENTER DISTRICT, AND (III) BRINGING MORE RESIDENTS TO ALL AREAS OF DOWNTOWN THROUGH CATALYZING A FULL RANGE OF DOWNTOWN HOUSING. 18 14 20 200 0 0 272575 350900 198729 122400 152256 334816 1787501 1345998 2411061 2154114 15000 6015 0 0 797570 834625 0 0 0 1265547 1094665 2078117 1935305 332944 218809 24591593 24762934 684351 521826 23907242 24241108 X THE RIVERCITY COMPANY'S MISSION IS TO ASSIST AND SUPPORT THE CHATTANOOGA CITY AND HAMILTON COUNTY GOVERNMENTS BY PROMOTING AND MANAGING THE DEVELOPMENT OF A VIBRANT, ATTRACTIVE AND HEALTHY DOWNTOWN THAT IS THE ECONOMIC, SOCIAL AND CULTURAL CENTERPIECE OF THE CHATTANOOGA REGION. THE RIVERCITY COMPANY ACCOMPLISHES THIS BY OVERSEEING DEVELOPMENT OF DOWNTOWN REAL ESTATE, MAKING AND PROGRAMMING GREAT URBAN SPACES, AND EMPLOYING CREATIVE URBAN DESIGN. ITS PRIMARY STRATEGIC AREAS FOR PROJECTS AND INITIATIVES ARE: (I) CONTINUING THE ONE RIVERFRONT PLAN IN THE RIVERFRONT DISTRICT, (II) REINVIGORATING THE HISTORIC COMMERCIAL CORE IN THE CITY CENTER DISTRICT, AND (III) BRINGING MORE RESIDENTS TO ALL AREAS OF DOWNTOWN THROUGH CATALYZING A FULL RANGE OF DOWNTOWN HOUSING. 0 0 262291 EVOLVING OUR RIVERFRONT PARKS: THE FIRST PHASE OF THE ONE RIVERFRONT PLAN THROUGH COMMUNITY INPUT SEES THE FOUNDATION OF THE ONE RIVERFRONT PLAN IS TO HUMANIZE THE PARKS AND GREEN SPACE ON THE RIVERFRONT. BUILDING UPON THE LEGACY AND DESIGN OF THE 21ST CENTURY WATERFRONT, WE WILL EVOLVE AND ENHANCE OUR RIVERFRONT PARKS FOR RESIDENTS AND VISITORS TO EXPERIENCE AND ENJOY BEAUTIFUL, COMFORTABLE AND EXCITING PARK SPACES. THE "EVOLVING OUR RIVERFRONT PARKS" PLAN IS A SERIES OF ENHANCEMENTS THAT WILL HONOR HISTORY, CONNECT CORRIDORS IN THE DISTRICT, EMBRACE ECOLOGY, SOFTEN AND PROVIDE SHADE, ALONG WITH USING THE INSPIRATION OF A SOUTHERN PORCH FOR AREAS ALONG THE RIVER. 218703 ROCK THE RIVERFRONT: TO RESPOND TO THE FEEDBACK AND DESIRES OF THE COMMUNITY PROVIDED THROUGH THE ONE RIVERFRONT PLAN, THE RIVERCITY COMPANY TEAM CREATED "ROCK THE RIVERFRONT", A MONTH-LONG CELEBRATION OF CULTURE, ENTERTAINMENT AND PLAY FOR ALL TO ENJOY ON THE CHATTANOOGA GREEN. ROCK THE RIVERFRONT'S MAIN ATTRACTION WAS LOOP, AN INTERACTIVE ART THAT EMPHASIZED STORYTELLING AND ANIMATION. OTHER EVENTS INCLUDED DJS EVERY FRIDAY, LIVE MUSIC ON SATURDAYS, WEEKEND LOCAL POP-UP VENDORS, LIGHT UP CHATT LANTERN PARADE, THE MAGIC OF CINEMA AND A MAKERS FAIR. 123967 FUTURE OF HAWK HILL: WITH THE ANTICIPATED RELOCATION OF THE CHATTANOOGA LOOKOUTS BASEBALL TEAM FROM AT&T FIELD TO THE U.S. PIPE & WHELAND FOUNDRY SITE, HAWK HILL WILL BECOME AVAILABLE FOR REDEVELOPMENT. PER THE LAND TRANSFER AGREEMENT WITH THE CITY OF CHATTANOOGA ONCE THE CHATTANOOGA LOOKOUTS HAVE RELOCATED TO THE NEW STADIUM. RIVERCITY COMPANY ALONG WITH THE CITY, COMMUNITY INPUT, URBAN PLANNERS AND DOWNTOWN STAKEHOLDERS WILL WORK TO ASSIST IN DEVELOPING A COMPREHENSIVE, LONG-TERM VISION FOR THE SITE TO GUIDE FUTURE REDEVELOPMENT. WITH THIS INFORMATION, RIVERCITY COMPANY WILL EXPLORE POTENTIAL LAND USES, DENSITY, PUBLIC SPACES, CONNECTIVITY, AND THE NECESSARY INFRASTRUCTURE TO SUPPORT FUTURE REDEVELOPMENT. 680628 6014 122400 DOWNTOWN ANIMATION: RIVERCITY BUILT OFF THE SUCCESS OF DOWNTOWN ANIMATION FROM THE PAST TWO YEARS WITH A ROBUST CALENDAR OF ACTIVITIES AND EVENTS FOR 2023/2024. EVENTS AND PROGRAMS INCLUDES; NOONTUNES, ICE CREAM CRAWL, SUMMERWEEN, MOVIES & MUSIC IN MILLER PARK, WITCH & WARLOCK PADDLE AND REINDEER ON THE RIVERFRONT.GRATEFULL: GRATEFULL IS FREE AND ALL ARE WELCOME TO JOIN TOGETHER FOR A THANKSGIVING MEAL IN THE MIDDLE OF MARTIN LUTHER KING BLVD. THERE IS NO FEE, NO EXPECTATIONS, AND NO AGENDA, JUST AN OPEN INVITATION FOR ALL TO GATHER IN THE CITY FOR A TIME OF THANKSGIVING AND GRATEFULNESS.BEAUTIFICATION: RIVERCITY IN PARTNERSHIP WITH THE CITY OF CHATTANOOGA PUBLIC ART, INSTALLED NEW BANNERS FOR THE RIVERFRONT, NORTHSHORE AND SOUTHSIDE DISTRICT. RIVERCITY ALSO MANAGES THE SNOWFLAKE LIGHTING DURING THE HOLIDAYS TO HELP WITH BEAUTIFICATION EFFORTS DOWNTOWN.EMERGING PRODUCERS: RIVERCITY HAS DEVELOPED A PROGRAM FOR INDIVIDUALS PRODUCING EVENTS IN DOWNTOWN CHATTANOOGA. THE EMERGING PRODUCERS PROGRAM IS TO PROVIDE EDUCATION AND HANDS-ON TRAINING TO THOSE WITH 2 YEARS OR LESS OF EXPERIENCE. THE PROGRAM WILL TEACH A WIDE VARIETY OF TOPICS FROM PERMITS, INSURANCE TO SAFETY ALONG WITH HOW TO CREATE PARTNERSHIPS, MARKETING AND CONTRACTOR MANAGEMENT FOR EVENT PRODUCTION. THE LAST 6 MONTHS OF THE PROGRAM WILL ALLOW EACH COHORT MEMBER TO TAKE THE LEAD ON PRODUCING AN EVENT IN DOWNTOWN WITH THE OTHERS IN THE PROGRAM SUPPORTING THE WORK. ECONOMIC DEVELOPMENT TOOLKIT: RIVERCITY COMPANY PARTNERED WITH CNE AND THE CHATTANOOGA AREA CHAMBER TO HELP DOWNTOWN BUSINESSES UNDERSTAND THE DIFFERENT TYPES OF FUNDING AVAILABLE. COMMUNITY AND ECONOMIC DEVELOPMENT TOOLS INCLUDE A VARIETY OF FEDERAL, STATE AND LOCAL AID AND FUNDS THAT CAN BE USED TO HELP IMPLEMENT A SPECIFIC PROJECT. DIFFERENT TOOLS OF FUNDING CONSIST OF GRANTS, LOANS, BONDS, FUNDS, ABATEMENTS AND TAX CREDITS.REIMAGINE BROAD STREET: RIVERCITY ALONG WITH THE CITY EMBARKED ON A COMPREHENSIVE AND VISIONARY PLAN FOR BROAD STREET IN DOWNTOWN CHATTANOOGA. THE PLAN IS A DETAILED BLOCK-BY-BLOCK URBAN DESIGN ANALYSIS THAT WILL ADDRESS THE PUBLIC REALM IMPROVEMENTS, MULTI-MODAL TRANSPORTATION ENHANCEMENTS, INTEGRATE TECHNOLOGY, GREEN INFRASTRUCTURE, PARKING, ECONOMIC DEVELOPMENT OPPORTUNITIES, ALL WHILE SUPPORTING EXISTING BUSINESSES AND URBAN RESIDENTS.PUBLIC SAFETY: IN RESPONSE TO COMMUNITY FEEDBACK SEEKING REGULAR OPPORTUNITIES FOR SHARING, RIVERCITY COMPANY, THE DOWNTOWN CHATTANOOGA ALLIANCE, CHATTANOOGA TOURISM COMPANY AND THE CHATTANOOGA AREA CHAMBER OF COMMERCE HAVE PARTNERED TO ESTABLISH QUARTERLY PUBLIC MEETING. THE MEETINGS INCLUDE REPRESENTATIVES FROM THE HOST ORGANIZATIONS ALONG WITH THE CHATTANOOGA POLICE DEPARTMENT TO SHARE ABOUT PROJECTS, PLANS AND WAYS FOR LOCALS TO STAY INFORMED. IT IS ALSO AN OPPORTUNITY FOR THE COMMUNITY TO ASK QUESTIONS AND PROVIDE FEEDBACK. MILLER PLAZA: MILLER PLAZA IS AN URBAN PUBLIC PARK CONSTRUCTED ALMOST THREE DECADES AGO IN THE HEART OF DOWNTOWN CHATTANOOGA; IT WAS BUILT BOTH TO PROVIDE A MODEL OF GOOD URBAN DESIGN FOR "ACTIVE PARK USE", AND TO PROVIDE A VENUE FOR AN ENORMOUS VARIETY OF ANIMATING ACTIVITIES FOR DOWNTOWN. WHEN IT WAS CONSTRUCTED, DOWNTOWN CHATTANOOGA WAS SLIDING DOWNHILL WITH ABANDONED RETAIL STORES, CLOSED MOVIE THEATERS, OFFICES AND RESIDENCES RELOCATING TO OUTLYING SUBURBAN AREAS, AND A VACUUM OF ATTRACTIVE ACTIVITY AND ANIMATION, ESPECIALLY AFTER WORK HOURS ENDED. MILLER PLAZA WAS THE FIRST BEACON FOR THE REVIVAL OF DOWNTOWN CHATTANOOGA, AND MILLER PLAZA NOW SERVES AS THE HOME FOR THREE RESTAURANTS AND ONE RETAIL SHOP, SEASONAL FRIDAY NIGHT CONCERT SERIES FROM MEMORIAL DAY TO LABOR DAY, AND A VENUE FOR MANY DOZENS OF CIVIC GATHERINGS AND ACTIVITIES. MILLER PLAZA IS OWNED BY THE RIVERCITY COMPANY AND IT CONTINUES TO PROVIDE THE SOCIAL ANCHOR FOR EVENTS AND ANIMATION WITHIN THE CITY CENTER DISTRICT OF DOWNTOWN CHATTANOOGA.MLK COMMERCIAL CORRIDOR IS AN INITIATIVE INTENDED TO INVIGORATE AND ACCELERATE THE REVITALIZATION OF THE MLK DISTRICT BY ACQUIRING KEY PROPERTIES TO HELP DEVELOPMENT AND DENSITY, PROVIDING SIGNAGE AND FACADE GRANTS TO TENANTS/OWNERS WHILE INSTILLING AND REQUIRING QUALITY URBAN DESIGN PRINCIPLES, AND ASSISTANCE WITH RETAIL AND COMMERCIAL RECRUITMENT EFFORTS TO HELP LURE BUSINESSES. 680628 6014 122400 1285589 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 75 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 14 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 TN X MS EMILY MACK 4232653700 850 MARKET STREETSUITE 200 MILLER CHATTANOOGA TN 37402 JENNIFER GOODMAN CHAIRWOMAN 1.00 X X 0 0 0 ROY VAUGHN VICE CHAIR 1.00 X X 0 0 0 MARTHA CULP MILLENER SECRETARY 1.00 X X 0 0 0 MARTHA LEIPER TREASURER 1.00 X X 0 0 0 ALNOOR DHANANI VICE PRESIDENT 1.00 X X 0 0 0 REBECCA ASHFORD DIRECTOR 1.00 X 0 0 0 JOHAN DE NYSSCHEN DIRECTOR 1.00 X 0 0 0 COUNCILWOMAN RAQUETTA DOTLEY DIRECTOR 1.00 X 0 0 0 BRENT GOLDBERG DIRECTOR 1.00 X 0 0 0 LESLIE GOWER DIRECTOR 1.00 X 0 0 0 ALTHEA JONES DIRECTOR 1.00 X 0 0 0 MAYOR WESTON WAMP DIRECTOR 1.00 X 0 0 0 MAYOR TIM KELLY DIRECTOR 1.00 X 0 0 0 COMMISSIONER DAVID SHARPE DIRECTOR 1.00 X 0 0 0 JAMES MCKISSIC DIRECTOR 1.00 X 0 0 0 DAVID WADE DIRECTOR 1.00 X 0 0 0 BARRY WHITE DIRECTOR 1.00 X 0 0 0 CHARLES WOOD DIRECTOR 1.00 X 0 0 0 JIM WILLIAMSON VICE PRESIDENT 40.00 X 117326 0 13303 EMILY MACK PRESIDENT 40.00 X 239703 0 10236 357029 0 23539 2 0 1 0 0 350900 350900 EVENT INCOME - RCC 713990 122400 122400 122400 225565 225565 2829742 1498793 1330949 1330949 1330949 1236057 3000 1129806 0 106251 3000 109251 109251 OTHER INCOME 900099 15049 15049 15049 2154114 246700 0 1556514 X 6015 6015 380569 312067 68502 454056 287897 166159 20222 20222 74396 74396 18857 18857 274882 274882 25863 25863 35598 35598 76720 76720 17734 16911 823 33746 33746 38630 26642 11988 EQUIPMENT RENTAL 66601 66601 TAXES AND LICENSES 66020 850 65170 BAD DEBT EXPENSE 52333 52333 RENT 33576 33576 259487 215528 43959 1935305 1285589 649716 0 352213 2635327 2415331 136406 136356 106216 21753 23537 38920 28853905 11130156 18149146 17723749 3285671 3850175 255290 224437 24591593 24762934 316225 320043 81056 39293 93727 193343 162490 684351 521826 X 23474009 24008079 433233 233029 23907242 24241108 24591593 24762934 218809 115057 0 X X 0 1 X 1 0 X X X 2 CITY OF CHATTANOOGA 626000259 6 1 0 427213 HAMILTON COUNTY TENNESSEE 626000636 6 1 0 262291 2 0 689504 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PART IV, SECTION C, LINE 1: RIVERCITY COMPANY SUPPORTS THE CITY AND COUNTY ON MULTIPLE LEVELS. THE CITY AND COUNTY ARE DIRECTLY ENGAGED IN THE GOVERNANCE OF RIVERCITY COMPANY THE MAYORS OF THE CITY AND COUNTY SIT ON THE RIVERCITY COMPANY BOARD OF DIRECTORS, AND THE CHAIRPERSON OF THE CITY COUNCIL AND CHAIRPERSON OF THE COUNTY COMMISSION EITHER SERVE DIRECTLY OR NOMINATE A MEMBER TO THE BOARD, ENSURING CLOSE COMMUNICATION ON DOWNTOWN REVITALIZATION INITIATIVES. THIS COLLABORATION HAS EXISTED SINCE THE FORMATION OF RIVERCITY COMPANY IN 1986 AND CONTINUES TODAY. MOST RECENTLY RIVERCITY COMPANY SUPPORTS THE CITY OF CHATTANOOGA AND HAMILTON COUNTY BY PROMOTING AND MANAGING THE DEVELOPMENT OF A VIBRANT AND ATTRACTIVE DOWNTOWN. RIVERCITY COMPANY DOES THIS BY HELPING OVERSEE DEVELOPMENT OF DOWNTOWN REAL ESTATE. RIVERCITY COMPANY PARTNERED WITH THE CITY OF CHATTANOOGA ON REIMAGING BROAD STREET. REIMAGING BROAD STEET IS A COMPREHENSIVE AND VISIONARY PLAN FOR BROAD STREET IN DOWNTOWN CHATTANOOGA. THE PLAN IS A DETAILED BLOCK-BY-BLOCK URBAN DESIGN ANALYSIS THAT WILL ADDRESS THE PUBLIC REALM IMPROVEMENTS, MULTI-MODAL TRANSPORTATION ENHANCEMENTS, INTEGRATE TECHNOLOGY, GREEN INFRASTRUCTURE, PARKING, ECONOMIC DEVELOPMENT OPPORTUNITIES, ALL WHILE SUPPORTING EXISTING BUSINESSES AND URBAN RESIDENTS. RIVERCITY COMPANY PARTNERED WITH THE CITY OF CHATTANOOGA AND HAMILTON COUNTY ON EVOLVING OUR RIVERFRONT PARKS. THE FIRST PHASE OF THE ONE RIVERFRONT PLAN IS TO HUMANIZE THE PARKS AND GREEN SPACE ON THE RIVERFRONT. BUILDING UPON THE LEGACY AND DESIGN OF THE 21ST CENTURY WATERFRONT, WE WILL EVOLVE AND ENHANCE OUR RIVERFRONT PARKS FOR RESIDENTS AND VISITORS TO EXPERIENCE AND ENJOY BEAUTIFUL, COMFORTABLE AND EXCITING PARK SPACES. RIVERCITY COMPANY HAS PARTNERED WITH THE CITY OF CHATTANOOGA IN RESPONSE TO COMMUNITY FEEDBACK SEEKING REGULAR OPPORTUNITIES FOR SHARING TO ESTABLISH QUARTERLY PUBLIC MEETING. THE MEETINGS INCLUDE REPRESENTATIVES FROM DOWNTOWN CHATTANOOGA ALLIANCE, CHATTANOOGA TOURISM, AND CHATTANOOGA AREA CHAMBER OF COMMERCE ORGANIZATIONS ALONG WITH THE CHATTANOOGA POLICE DEPARTMENT AND CITY OF CHATTANOOGA TO SHARE ABOUT PROJECTS, PLANS AND WAYS FOR LOCALS TO STAY INFORMED. IT IS ALSO AN OPPORTUNITY FOR THE COMMUNITY TO ASK QUESTIONS AND PROVIDE FEEDBACK. RIVERCITY COMPANY ALSO HELPS AID THE CITY OF CHATTANOOGA WITH BEAUTIFICATION EFFORTS IN DOWNTOWN WITH OVERSEEING THE STREET LIGHT SNOWFLAKE HOLIDAY LIGHTING PROGRAM AND STREET BANNER PROGRAM. THE FAIR MARKET VALUE OF THE BENEFITS RECEIVED BY THE CITY AND COUNTY FOR THESE PROGRAMS THIS YEAR IS $689,504 PART VI, SECTION A, LINE 2 THE TWO SUPPORTED ORGANIZATIONS ARE THE CITY OF CHATTANOOGA AND THE COUNTY OF HAMILTON, TENNESSEE, BOTH OF WHICH ARE EXPRESSLY IDENTIFIED AS 'GOVERNMENTAL UNITS' IN SECTION 509(A)(1) AND SECTION 170(B)(1)(A)(V). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2899007 5778829 8677836 14386342 8186021 6200321 5053354 2353509 2699845 333279 222308 110971 403094 368318 34776 17723749 EQUITY MUTUAL FUNDS 642441 F FIXED INCOME MUTUAL FUNDS 590842 F COMMON STOCKS 1092131 F OTHER INVESTMENTS 51000 F GOVERNMENT AGENCIES 676626 F CD AND TIME DEPOSIT 797135 F 3850175 SHORT-TERM LEASE LIABILITY 162490 162490 X 3749107 115057 1498793 1613850 2135257 18857 18857 2154114 3415241 1498793 1498793 1916448 18857 18857 1935305 PART X, LINE 2: THE ORGANIZATION FOLLOWS THE GUIDANCE OF ASC TOPIC 740, INCOME TAXES. BASED ON ITS EVALUATION, THE ORGANIZATION HAS CONCLUDED THAT THERE ARE NO SIGNIFICANT UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION IN ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S EVALUATION WAS PERFORMED FOR TAX YEARS ENDED JUNE 30, 2020 THROUGH JUNE 30, 2024, FOR FEDERAL INCOME TAX, THE YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS AS OF JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON 990 1,498,793. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NETTED AGAINST RENTAL INCOME ON 990 1,498,793. X X X X X X 0 0 0 0 0 0 0 1 0 EMILY MACK PRESIDENT 239703 0 0 0 0 0 0 0 10236 0 249939 0 0 0 PART I, LINE 3 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. PART I, LINE 7 THE EXECUTIVE COMMITTEE EVALUATES SEMI-ANNUALLY THE EXECUTIVE DIRECTOR'S PERFORMANCE IN ORDER TO DETERMINE WHETHER ANY BONUS COMPENSATION IS APPROPRIATE, BASED UPON GOALS SET BY THE COMMITTEE. NO COMPENSATION IS TIED TO A FORMULA RELATED TO REVENUE OR RECEIPTS. CITY OF CHATTANOOGA - MAYOR TIM KELLY & COUNCILWOMAN RAQUETTA DOTLEY BOARD MEMBER FOR RIVERCITY COMPANY AND MAYOR FOR THE CITY OF CHATTANOOGA 109854 TIM KELLY AND RAQUETTA DOTLEY ARE DIRECTORS FOR RIVERCITY COMPANY. TIM KELLY IS THE MAYOR OF THE CITY OF CHATTANOOGA. RAQUETTA DOTLEY IS THE COUNCILWOMAN OF THE CITY OF CHATTANOOGA. DURING THE YEAR, RIVERCITY PAID EXPENSES OF $21,025 FOR SEWER AND WASTE SERVICES, $78,829 IN PROPERTY TAXES, AND $10,000 REFUNDABLE DEPOSIT FOR FACILITY RENTAL TO THE CITY OF CHATTANOGA. 0 HAMILTON COUNTY - MAYOR WESTON WAMP AND COMMISSIONER DAVID SHARPE BOARD MEMBER FOR RIVERCITY COMPANY AND MAYOR FOR HAMILTON COUNTY 32964 WESTON WAMP AND DAVID SHARPE ARE DIRECTORS FOR RIVERCITY COMPANY. WESTON WAMP IS THE MAYOR OF HAMILTON COUNTY. DAVID SHARPE IS THE COMMISSIONER OF HAMILTON COUNTY. DURING THE YEAR, RIVERCITY PAID EXPENSES OF $32,964 TO HAMILTON COUNTY FOR PROPERTY TAXES. 0 FORM 990, PART VI, SECTION A, LINE 7A 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. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL OFFICERS, BOARD OF DIRECTORS, TRUSTEES, AND KEY EMPLOYEES TO FILL OUT A WRITTEN CONFLICT OF INTEREST QUESTIONNAIRE ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A 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. FORM 990, PART VI, SECTION C, LINE 19 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. RIVERCITY 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. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES - CONSULTING : PROGRAM SERVICE EXPENSES 274,882. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 274,882. FORM 990, PART IX, LINE 24E PERFORMANCE CONTRACTS: PROGRAM SERVICE EXPENSES 30,910. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 30,910. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 29,810. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,810. WEBSITE EXPENSE: PROGRAM SERVICE EXPENSES 26,594. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,594. SUPPORT OF PROJECT: PROGRAM SERVICE EXPENSES 24,263. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,263. SECURITY: PROGRAM SERVICE EXPENSES 22,244. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,244. CONCESSIONS: PROGRAM SERVICE EXPENSES 19,458. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 19,458. MEALS: PROGRAM SERVICE EXPENSES 13,697. MANAGEMENT AND GENERAL EXPENSES 4,426. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,123. PARKING: PROGRAM SERVICE EXPENSES 4,435. MANAGEMENT AND GENERAL EXPENSES 9,175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,610. PRODUCTION ASSISTANCE: PROGRAM SERVICE EXPENSES 9,830. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,830. SUPPLIES: PROGRAM SERVICE EXPENSES 6,825. MANAGEMENT AND GENERAL EXPENSES 2,523. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,348. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 3,895. MANAGEMENT AND GENERAL EXPENSES 5,053. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,948. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 8,294. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,294. LICENSING AND FEES: PROGRAM SERVICE EXPENSES 5,926. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,926. PRINTING: PROGRAM SERVICE EXPENSES 3,099. MANAGEMENT AND GENERAL EXPENSES 2,078. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,177. MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,031. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,031. SEMINARS AND CONVENTION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,043. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,043. PROPERTY TAXES: PROGRAM SERVICE EXPENSES 3,739. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,739. FACILITY RENTAL: PROGRAM SERVICE EXPENSES 3,546. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,546. OTHER: PROGRAM SERVICE EXPENSES 3,505. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,505. MARKETING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,779. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,779. PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 1,975. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,975. SPONSORSHIP: PROGRAM SERVICE EXPENSES 1,350. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,350. POSTAGE AND FREIGHT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 557. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 557. VIDEO, GRAPHICS, PRINTING AND PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 323. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 323. BARRICADES: PROGRAM SERVICE EXPENSES 104. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 104. FORM 990, PART XII, LINE 2C: 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. SOUTHSIDE RENAISSANCE CORPORATION 850 MARKET STREET SUITE 200 MILLER CHATTANOOGA TN 37402 621661335 SOLAR PROJECT DEVELOPMENT TN THE RIVERCITY COMPANY C 6051 129703 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1