Strategic Regional Developments Inc

“Business relationship: mr. Yablonsky and ms. Skelley”

“Allegheny conference is the sole member of srd.”

“Trustees are appointed by the allegheny conference on community development, its sole member.”

“The affairs of the organization are under the general direction of the board with an exclusive right of allegheny conference on community development to approve all actions taken by the board.”

“Approximately one week prior to filing, the governing body and the organization's management team is granted access to a secure link to the organization's ftp server to view the final form 990. During this time, the organization's trustees can volunteer any observations & comments on the return but are not required to review or formally approve the form 990 before or after it is filed as part of its board activities. The organization's finance group functions in tandem with the management team during the preparation of the return. The audit committee chair as part of his/her responsibilities will be given copies of the draft returns for review. The chief executive officer will meet with the cfo prior to signing the final return and will have the opportunity to review and ask questions as necessary.”

“Annually, each officer, trustee and key employee ("o,t,ke") of the organization must complete a conflict of interest disclosure statement and affirm that he/she has read, understood and has complied with the policy. He/she also affirms that the form has been completed to the best of his/her knowledge. All responses to the disclosure statement are summarized by the accounting department, identifying transactions between the o,t,ke and the organizations' vendors, the o,t,ke and the organization & its affiliates, a summary of each o,t,ke's positions on other boards and a summary of key responses to the questionnaire. The chief executive officer or his/her designee is responsible for reviewing the summary of disclosure statements so that he/she is familiar with and can report potential conflicts to the board. In addition, each interested person must disclose the existence of any financial interest or other interest (and all material facts regarding such interest) at the time the board is considering a transaction that may involve a conflict of interest or the appearance of a conflict. If determined a conflict of interest exists, the interested person will recuse himself or herself from voting. The board considers obtaining comparable information with respect to the transaction or arrangement prior to voting. If the governing board has reasonable cause to believe a trustee has failed to disclose actual or possible conflicts of interest, it will inform the trustee of the basis for such belief and afford the trustee an opportunity to explain the alleged failure to disclose. If, after hearing the trustee's response and after making further investigation as warranted by the circumstances, the board determines the trustee has failed to disclose an actual or possible conflict of interest, it shall take appropriate disciplinary and corrective action. The minutes of the board will disclose the actions taken.”

“Form 990, part vi, section b, line 15: srd does not compensate any individuals for board or employment services. With respect to shared services provided by accd, if any, compensation is awarded by accd pursuant to a process that satisfies the requirements of the intermediate sanctions regulations. At the discretion of the board's independent personnel & compensation committee, an independent consultant is engaged to conduct an analysis of executive compensation to ensure pay practices are reasonable and within the range of typical market practices. The analysis determines the appropriate competitive target for executive management base salaries for a fully proficient, competent individual and designs a range around this competitive target to use for ongoing base salary management. This practice is conducted on a bi-annual basis.”

“The public disclosure copy of the form 990 is accessible on guidestar and made available to the general public upon request. The requestor should notify the organization in writing. If requestor agrees to reimburse for copy charges, a hard copy will be provided. The organization also makes its public disclosure copy available for inspection at its office location.”

“The conflict of interest policy and financial statements are not made readily available to the public via the organizations' website, but requests for this information are handled on a case by case basis.”

“Partnership activity-almono lp ordinary (income) loss 5,852. Partnership activity-almono lp interest income -7,440. Partnership activity-almono lp net rental income -555. Other book/tax differences -73,837.”

“Explanation: committee oversight there were no changes from the prior years.”