Economic Development Partnership of Alabama Inc

“Any person, corporation, partnership, organization, association, governmental agency or entity or other enterprise with an interest in the economic development of the state of alabama may become a member of the corporation provided that the applicant's application for membership in the corporation has been approved by the president, the applicant has agreed to be bound by the by-laws and operating rules of the corporation as may be in effect from time to time, the applicant has pleged to maintain its current level of support for local economic development activities, and the applicant has pledged to pay the corporation or to the economic development partnership of alabama foundation, inc. (the "foundation") such dues and extraordinary contributions as shall have been prescribed by the board for membership in the class to which such applicant seeks admission; provided, however, that a pledge to pay such dues and extraordinary contributions to the foundation may be made by an applicant only upon the written authorization of the president of the corporation.”

“One board member is elected by associate members. Two board members are elected by regular members. Two board members are appointed by sustaining members.”

“The form 990 is provided to the finance and audit committee for review before the return is filed.”

“Employees, officers, and the board of directors are required to review, and complete, a conflict of interest disclosure annually. The officers of the organization are responsible for the monitoring of events which may give rise to potential conflict.”

“The chairman of the compensation and policy committee reviews all proposed merit increases, and bonuses, before the proposals are taken to the edpa board for its approval.”

“As a general rule, the organization does not make its governing documents, conflict of interest policy, and financial statements available to the public.”

“As a general rule, the organization does not make its governing documents, conflict of interest policy, and financial statements available to the public unless a request is made.”

“Tax services 4,135. Audit fees 19,000. Payroll services 2,408. Management fees - retirement plan 235. Contracted services - temp staffing 26,478. Management fees - investment management 7,959.”

“Moving expense 43,560. Loss on disposal of equipment 39,577. Communications 36,914. Equipment rental 18,899. Dues and memberships 16,536. Other misc. Operating expenses 11,845. Events 11,279. Professional development 8,900. Taxes and licenses 7,252. Postage 2,600. Consulting expense 2,000. Contributions 989. Repairs and maintenance - auto 977.”

“The organization had no changes to the oversight or selection processes during the tax year.”