Economic Development Greater East

“The board is emailed a drafted copy of the irs form 990 to review, suggest changes, and approve before e-filing the informational return.”

“Annual review of job performance by board of directors before approval.”

“All governing documents, policies, accounting records, informational returns, and quickbooks financial statements are made available to the public during normal business hours or by mail, upon written request.”

“The building recently purchased by the entity is currently under significant renovation. Thus, no depreciation has been calculated.”

“Contract labor: program service expenses 235,454. Management and general expenses 0. Fundraising expenses 0. Total expenses 235,454. Website maintenance: program service expenses 16,469. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,469. Geophysical study: program service expenses 16,240. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,240. Consultant - pollination: program service expenses 4,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,000.”

“The organization entered into several agreements with local businesses and individuals for contract labor positions. The decision to hire individuals as contract labor was due to the specific tasks required for each particular grant's requirements and the limited time the individuals would be paid for each task. These individuals were not considered on the edge staff, but as integral pieces to completing the work we outlined in each grant. In some cases, the tasks required specialized skills or a limited amount of funds to conduct the task, which limits the amount of time we can pay individuals. All required 2024 irs form 1099-necs were timely filed.”