Industrial Development Authority of St Louis County

“St. Louis economic development partnership (sledp) provides human resources services, financial and budgeting assistance, legal counsel, and office facilities for the industrial development authority of st. Louis county (ida).”

“The 990 is prepared by outside accountants and reviewed by the chief executive officer, chief financial officer, controller, and president. Additionally, the chairperson of the board of directors is provided the 990 for review prior to filing, and all directors of the board are notified that the 990 has been filed and is available for their review.”

“The filing organization reviews the principals engaged in contractual relationships annually to ensure compliance with the established conflict of interest policy.”

“As noted in response to other questions within this filing, the filing organization does not directly compensate workers and does not have paid positions for a top management official or other officers or key employees per the irs definition. As such, part vi, section b, questions 15a and 15b are not applicable. Any compensation reimbursed by the filing organization is subjected to the employment approval and substantiation policies in place by the st. Louis economic development partnership (sledp).”

“The governing documents, conflict of interest policy, and financial statements are furnished upon written request.”

“As previously noted, the filing organization, industrial development authority of st. Louis county (ida), does not directly employ workers. Rather, the filing organization reimburses st. Louis economic development partnership (sledp) for the cost of sledp employees working on ida's programs and projects. As such, all reportable compensation is directly issued and reported via federal employment filings by sledp.”

“Industrial development authority of st. Louis county (ida) reimburses st. Louis economic development partnership (sledp) for the cost of sledp employees working on ida's programs and projects. As such, part v, line 2a reflects zero employees for the filing organization and no payroll tax returns are filed by the filing organization. All such reporting is remitted by sledp.”

“Payments to sledp 888,562. Other professional fees 21.”

“As previously noted, the filing organization, industrial development authority of st. Louis county (ida), does not directly employ workers. Rather, the filing organization reimburses st. Louis economic development partnership (sledp) for the cost of sledp employees working on ida's programs and projects. As such, all reportable compensation is directly issued and reported via federal employment filings by sledp. Part ix, line 5 reflects the allocated portion of compensation reimbursed by ida to sledp.”

“On december 2, 2020, the partnership transitioned its 401(k) plan to a 401(a) plan for qualified employees. This defined contribution plan provides that the partnership contributes an annual amount equal to 7% of each eligible employee's annual salary into the plan subject to safe harbor plan provisions. The provisions of the plan, including the employer contribution requirements, are established and may be amended by the partnership's board of directors.”