Rural Education and Development Inc.

“Antonia neubauer and lawrence neubauer have a family relationship.”

“(1) articles of incorporate amended and restated to have no members as defined by the pennslyvania nonprofit corporation law of 1988. (2) executive committee was appointed and given the authority to act on behalf of the board of directors if the board is unable to meet/convene. The executive committee consists of the chairman, vice chairman, secretary, treasurer, and any chairs of the standing committees of the corporation. (3) the following standing committees were elected by the board: - finance committee, which primarily oversees the budget, financial statements, endowment and/or investment portfolio of corporation - governance committee, which oversees the recruitment and orientation of new trustees of the corporation (4) each director serves for a term of three (3) years, with no director serving more than three (3) consecutive terms; provided that the founder serves indefinitely until her earlier resignation, death or incapacity. The board endeavors to maintain approximately equal numbers of directors with terms expiring in a particular year. (5) the board of directors has 4 meetings a year, at least 2 in person. (6) any director may be removed from office with or without cause upon a vote of the other directors; provided, however, that the founder may only be removed upon her resignation, death or incapacity.”

“The form 990 was prepared by the outside accountants, and reviewed by senior management. The board received a copy of the form 990 before it was filed with the irs.”

“In connection with any actual or possible conflict of interest, an interested party discloses the existence of the financial and/or personal interests and is given the opportunity to disclose all material facts to the disinterested directors. After disclosure of the financial or personal interest and all material facts, and after any discussions with the interested party, he or she leaves the board meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decides if a conflict of interest exists. An interested party may make a presentation at the board of directors meeting, but after the presentation he or she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chair of the board of directors, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the board of directors determines whether read can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the board of directors determines by a majority vote of the disinterested directors whether the transaction or arrangement is in read's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination, it makes its decision as to whether to enter into the transaction or arrangement.”

“Compensation for the top management official was reviewed by the chairman of the board. Comparable data was used in the compensation process and the process was documented. The last compensation review took place on september 21, 2013.”

“The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”