Local non-profit dissolving. See its most recent financials above.
BELVIDERE – The Belvidere City Council learned last Monday of the dissolution of the Mural Mile group, a non-profit organization involved in reviving the downtown corridor, supporting the city’s mural project, and producing the community’s Heritage Day festival.
…“The small core of volunteers doesn’t feel they can do justice to the charges laid before them,” Heimbach added, saying the decision was reached with much “thought, trepidation, and anxiety.”
Alderman Clint Morris, who has previously raised the issue of the balance of funds for the organization, ….. Some recent statements discussed at council indicated a total balance of just under $20,000.
Heimbach reported that “some things got overlooked” regarding the financials for the group and they have retained an accountant to review, verify and complete the paperwork that is needed in order to dissolve the organization.
Morris said he was bothered by the apparent oversight of taxpayer money and asked if there will be resolution to the issue before the start of the new fiscal year, which begins May 1.
any balances left over need to be transferred to a “like organization,” and so can’t be used at the discretion of the council.
Heimbach said she expects it to take two months to get all the paperwork completed and filed, and possibly another two months to dissolve and transfer any fund balances.
Click on the following for more details; Belvidere council learns Mural Mile group will dissolve
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