Rural Education and Development Inc.

“The form 990 is prepared and reviewed by the executive director, deputy director and external cpa first. Then, once a draft is ready, read global management shares a copy of the draft with the board chair and the treasurer for draft approval. Once the draft is approved, a final draft is prepared by the accounting firm, read global management will share the final draft copy with the entire board before it is submitted to the irs.”

“New board members sign a conflict of interest policy when joining the board. Periodically (typically annually in the fall), read sends directors a list of vendors for the past year and requests directors to complete a conflict of interest form declaring all potential conflicts. In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she shall leave the governing board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members shall decide if a conflict of interest exists.if the governing board or committee has reasonable cause to believe a member has failed to disclose actual or possible conflicts of interest, it shall inform the member of the basis for such belief and afford the member an opportunity to explain the alleged failure to disclose. If, after hearing the members response and after making further investigation as warranted by the cirmcumstances, the governing board or committee determines the member has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action.”

“Compensation for the top management offficial and deputy director is reviewed by the chairman of the board. Comparable data was used in the compensation process and the process was documented.”

“Compensation for the top management offficial and deputy director is reviewed by the chairman of the board. Comparable data was used in the compensation process and the process was documented.”

“Governing documents and conflict of interest policy are not available for the general public. Financial statements are available for review on the organization website.”

“Part vii section a:the executive director lives in australia and is paid through an australian payroll service provider.”

“Rounding to correct difference.”

“Part xii line 2c:the process for selecting the audit firm has not changed for the past two years.”

“Part iv line 12:audit firm is still finalizing the audit report as of the date of this submitted 990. Taxpayer expects the audit report to be available after the november 15th deadline. The executive director lives in australia and is paid through an australian payroll service provider. Part vi section a line 1a:the board may by resolution designate and appoint board committees as it considers necessary for the operation or administration of the corporation. These committees, to the extent provided in said resolution shall have and exercise the authority of the board in the management of the corporation.”