National Association of Development

“National Association of Development Organizations, a related organization, serves as the common paymaster and files all required federal employment returns.”

“The 990 is reviewed by the Executive Director in conjuction with the organization's outsourced accounting services provider. A copy of the form 990 is provided to the organization's Board of Directors before it is filed.”

“NADO Foundation has a conflict of interest policy for board members and staff. If there is a perceived conflict of interest, the individual must disclose it and remove themselves from decision making process. The Executive Director and the Executive Committee monitor these issues as closely as possible.”

“The NADO Research Foundation Board of Directors approves the salary of the Executive Director in accordance with a pay and classification plan undertaken by a compensation consultant. An update to this pay and classification plan was completed in 2015.”

“The Organization's governing documents, Conflict of Interest Policy, and financial statements are available for public inspection (upon request) during normal business hours.”

“Launched in 1988, the NADO Research Foundation provides education, research, and training designed for RDO executive leadership, staff, and policy board members. The Research Foundation examines new and innovative practices in regional development, strives to improve the organizational and professional capacity of regional development organizations and their partners, and bridges the communications gaps between policymakers, practitioners and the public.”

“Consultants and contractors: Program service expenses 214,042. Management and general expenses 10,565. Fundraising expenses 0. Total expenses 224,607.”

“The Executive Committee assumes responsibility for oversight of the audit, and selection of an independent accountant. This process has not changed from prior years.”