Rural Economic Development Center Inc.

“The center will make the form 990 available for review by the entire board of directors prior to filing.”

“The conflicts of interest policy is reviewed at every board meeting and members are asked if there are any conflicts. Should any conflicts exist, that person will recuse himself/herself from all discussions or vote and such information will be noted in the organization's board minutes.”

“The president's compensation is determined by the executive committee based on compensation data derived from the form 990 of other comparable exempt organizations. The executive committee holds a meeting to discuss and make recommendations of the president's compensation based on this data as well as a performance evaluation. All interested parties are recused from both voting and participation in the compensation deliberations of the executive committee. The president's compensation was last reviewed in july 2016. For all other employees, the president of the organization handles the salary review process and uses market comparable from other form 990's of similar organizations to determine appropriate compensation. A management and personnel service was hired to perform a classification and pay study.”

“The organization's financial statements, conflicts of interest policy and governing documents are available to the public upon request.”

“Technical training: program service expenses 155,336. Management and general expenses 0. Fundraising expenses 0. Total expenses 155,336. Rural jobs project consulting: program service expenses 129,659. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,659. Financial services: program service expenses 12,504. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,504. Capital campaign consulting: program service expenses 0. Management and general expenses 0. Fundraising expenses 3,223. Total expenses 3,223. Graphic design: program service expenses 2,313. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,313. Interpreter: program service expenses 300. Management and general expenses 0. Fundraising expenses 0. Total expenses 300. Other professional services: program service expenses 102,442. Management and general expenses 25,244. Fundraising expenses 50,922. Total expenses 178,608.”

“Distribution from venture funds 228,013.”