Sigourney Area Development Corporation

“Members are businesses or individuals in the community who chose to assist in the financial success of the organization's mission. There is no benefit in being a member except for the community benefit.”

“Election of board of directors members is determined by the vote of the members.”

“The organization provided form 990 to the board for review and comments. The return is provided to the board in a meeting setting for explanation and discussion in alternating years.”

“All board members have access to a copy of the policy and it is reviewed annually at the november board meeting. Each board member is asked to sign-off that there are no conflicts of interest. If there would be conflicts, the board will address the circumstances.”

“Compensation is compared to similar positions in the local market.”

“Governing documents, policies, and financial statements, including the 990, are available upon request.”

“Promote community welfare & industrial development. We seek to have a robust community by promoting employment which drives economic growth in the area. Ultimately this assists in providing for a high quality of life both locally and throughout keokuk county. To strive for this we serve a lead role in industrial, tourism and community development activities.”

“Provide services to attract and maintain businesses in community. We purchased land for an industrial park and are marketing it. Two lots are filled. The remaining acres are being rented until they are filled. We also have purchased and sold land for a retirement community development to help in freeing-up housing for families employed in the local businesses. We manage a revolving loan fund for start-up or expanding business in the area.”

“Book / tax depreciation difference 1”