Lewis & Clark Certified Development Company

“Form 990 will be e-mailed to the joint finance committee for review.”

“Board members are required to fill out conflict of interest forms annually. If a conflict or appearance of a conflict arises, the board member is required to abstain from voting. If the members's employer is the lead lender, the member is required to declare a conflict and abstain from voting.”

“Documents are available upon written, telephone, or e-mail request to the organization's office. Copies will be provided for a nominal fee.”

“The executive director is employed by lewis & clark regional development council and lewis & clark cdc is charged for his time. Total estimated wages for calendar year 2022 were 2,000 and estimated benefits were 400 for approximately 27 hours of time. These amounts are reported on the w-2 issued by lewis & clark regional development council. Section b and part ix line 11g lcrdc started the lewis & clark cdc and has provided the staffing and office space for the cdc since inception. At this time the cdc has accrued 1,110,000 of amounts payable to lcrdc for services since inception in 2011. Repayment started in 2014 and beginning 1/1/2018 expenses have been reimbursed monthly and the balance of the payable was transferred to a long-term note payable with payments based on available cash flow beginning september 2021. Staffing provided includes four employees (two loan officers, one loan processor, and one loan credit processor) who togehter dedicate about x,xxx hours to cdc activities and an executive director. Lewis & clark regional development council provided over 1,000 of employee time; office equipment and supplies; space and utilities; and administrative support staff during the year. The payments to lcrdc include compensation for executive director brent ekstrom. Estimated amounts paid to lewis & clark regional development council for executive director services for the fiscal year ended september 2023 are 3,375 for approximately 27 hours.”