Stl Partnership CDC

“Delegation of control over management duties - st. Louis economic development partnership (sledp) provides human resources services, financial and budgeting assistance, legal counsel, and office facilities for the stl partnership cdc.”

“The form 990 is prepared by outside accounting firm and provided to management for review. Adjustments and changes, if any, are made and a new copy of the 990 is provided for further review by the chairperson and/or vice chairpersons of the board before filing. A copy of the 990 is made available for the entire board once it has been submitted to irs.”

“The filing organization reviews the principals engaged in contractual relationships annually to ensure compliance with the establish 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 as per 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 available to the public upon written request.”

“As previously noted, stl partnership cdc (cdc) and st. Louis economic development partnership (partnership) have a staff sharing agreement with the employees of the partnership. The partnership provides all compensation and benefits for the staff. Cdc compensates the partnership based on actual time spent providing services to cdc as indicated on records maintained. As such, cdc does not file or submit any payroll related filings for employees providing services to cdc. All such filings are the responsibility of the partnership as the legal employer of record. The wages and benefits reported on part vii and part ix reflect, as requested by irs instruction, the compensation paid by a common paymaster, payroll/reporting agent in return for services rendered to the filing organization.”

“Stl partnership cdc (cdc) and st. Louis economic development partnership (partnership) entered into an agreement effective october 1, 2013, which automatically renews from year to year, for the partnership to provide staff to carry out cdc's purposes. The staff are employed by the partnership and the partnership provides fringe benefits for the staff, including retirement, health insurance, hospitalization, workers' compensation, unemployment and life insurance. Cdc compensates the partnership based on actual time spent providing services to cdc as indicated on records maintained. As such, cdc does not file or submit w2s, a w3, or any payroll related filings. All such filings are the responsibility of the partnership as the legal employer of record. The number reported reflects, as requested by irs instruction, the number of the filing organization's employees reported on a form w-3 issued by reporting agents of the filing organization, including a common paymaster.”

“The organization has a committee that assumes oversight of the audit of its financial statements and selection of an independent accountant. The process has not changed since the prior year.”