Rural Education and Development Inc.

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

“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 in may 2015.”

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

“The original 990 was prepared prior to the completion of the 2014 audit. The amended return reflects subsequent audit adjustments. Due to these adjustments, parts i, iii, viii, ix, x, xi and xi along with schedules a, d and o have been updated.”