CENTER ON RURAL INNOVATION INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- CENTER ON RURAL INNOVATION INC (EIN 82-4508477)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-13
- IRS object ID
- 202412879349300801
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-13T12:48:25-05:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 390758449 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | WIPFLI LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 43 CONSTITUTION DRIVE SUITE 100 | AddressLine1Txt |
| City | BEDFORD | CityNm |
| State Abbreviation | NH | StateAbbreviationCd |
| ZIP | 03110 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 824508477 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTER ON RURAL INNOVATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CENT | BusinessNameControlTxt |
| Phone | 8024364100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 392 | AddressLine1Txt |
| City | HARTLAND | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05048 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBIN KILFEATHER-MACKEY | PersonNm |
| Person Title | DIRECTOR OF FINANCE & OPS | PersonTitleTxt |
| Phone | 8024364100 | PhoneNum |
| Signature | 2024-10-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LANCE R TURGEON | PreparerPersonNm |
| PTIN | P00627708 | PTIN |
| Phone | 6036273838 | PhoneNum |
| Preparation | 2024-10-08 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ROBIN KILFEATHER-MACKEY | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 392 | AddressLine1Txt |
| City | HARTLAND | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $6,043,680 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://RURALINNOVATION.US | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2018 | FormationYr |
| Legal Domicile State | VT | LegalDomicileStateCd |
| Activity Or Mission | ADVANCING ECONOMIC PROSPERITY IN RURAL AMERICA THROUGH THE CREATION OF AN INCLUSIVE TECH ECONOMY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 17 | TotalEmployeeCnt |
| Total Volunteers | 7 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $3,225,473 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,592,922 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $276,604 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $391,061 | CYProgramServiceRevenueAmt |
| PY Investment Income | $6,018 | PYInvestmentIncomeAmt |
| CY Investment Income | $58,697 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $1,000 | CYOtherRevenueAmt |
| PY Total Revenue | $3,508,095 | PYTotalRevenueAmt |
| CY Total Revenue | $6,043,680 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $15,873 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,011,236 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,104,497 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $450,910 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $3,724,044 | PYOtherExpensesAmt |
| CY Other Expenses | $4,137,884 | CYOtherExpensesAmt |
| PY Total Expenses | $4,751,153 | PYTotalExpensesAmt |
| CY Total Expenses | $5,242,381 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$1,243,058 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $801,299 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $3,616,357 | TotalAssetsBOYAmt |
| Total Assets EOY | $3,517,433 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,506,515 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,606,292 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,109,842 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $1,911,141 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ADVANCING ECONOMIC PROSPERITY IN RURAL AMERICA THROUGH THE CREATION OF INCLUSIVE TECH ECONOMY ECOSYSTEMS THAT SUPPORT SCALABLE ENTREPRENEURSHIP AND TECH JOB CREATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $764,750 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $33,197 | RevenueAmt |
| Desc | RURAL AMERICA HAS UNDERGONE SEISMIC CHANGES IN THE LAST 20 YEARS AND WE ARE COMMITTED TO USING DATA TO ENSURE THERE IS AVAILABLE RESEARCH THAT REFLECTS THIS EVOLUTION AND THE OPPORTUNITIES THAT ACCOMPANY IT. OUR TEAM OF SOFTWARE DEVELOPERS, DATA ENGINEERS, AND DATA SCIENTISTS BUILD DATA-DRIVEN MAPS, TOOLS, AND OTHER RESOURCES THAT HIGHLIGHT RURAL AMERICA'S OPPORTUNITIES AND CHALLENGES. IN DEVELOPING THESE RESOURCES, WE MAKE DATA ABOUT RURAL COMMUNITIES ACCESSIBLE, AND ALSO LOOK TO BROADEN THE CONVERSATION AND CHANGE THE NARRATIVE ABOUT WHAT'S POSSIBLE IN RURAL AMERICA. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,056,476 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $119,799 | RevenueAmt |
| Desc | COMMUNITY CONSULTING: WE'VE IDENTIFIED THE NECESSARY INFRASTRUCTURE COMMUNITIES NEED TO PARTICIPATE IN THE TECH ECONOMY, WHICH INCLUDE BROADBAND INFRASTRUCTURE, COWORKING AND ENTREPRENEURSHIP SPACES, AND LOCAL LEADERSHIP CAPACITY. WE PROVIDE CRITICAL SUPPORT TO ENABLE COMMUNITIES TO SECURE FUNDING, DEVELOP INFRASTRUCTURE AND IMPLEMENT THE PROGRAMS NECESSARY TO UNLOCK THE POTENTIAL OF RURAL AMERICA. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,433,934 | ExpenseAmt |
| Grant | $0 | GrantAmt |
| Revenue | $65,000 | RevenueAmt |
| Desc | THE RURAL INNOVATION NETWORK IS A NATIONAL COMMUNITY OF PRACTICE WORKING TO ADVANCE THE ECONOMIC FUTURE OF RURAL AMERICA. THROUGH THIS NETWORK, THE CENTER ON RURAL INNOVATION BRINGS TOGETHER DIVERSE LEADERS FROM COMMUNITIES ADVANCING THEIR TECH ECONOMIES AND PROVIDES THEM WITH A RANGE OF CUSTOMIZED SOLUTIONS TO PRESSING CHALLENGES. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (3 entries)
| ExpenseExpenseAmt | GrantGrantAmt | RevenueRevenueAmt | DescDesc |
|---|---|---|---|
| $406,374 | $0 | $170,725 | THROUGH OUR RURAL INNOVATION INITIATIVE, OUR TEAM WORKS WITH COHORTS OF RURAL COMMUNITIES TO CREATE PLACE-BASED TECH ECONOMY STRATEGIES, AN ECONOMIC DEVELOPMENT MODEL THAT AIMS TO EDUCATE AND TRAIN LOCAL RESIDENTS IN DIGITAL SKILLS, EMPLOY THEM IN TECH JOBS, AND EMPOWER THEM TO LAUNCH THE STARTUPS THAT WILL DRIVE THEIR LOCAL ECONOMY. SINCE LAUNCHING IN 2019, WE'VE HELPED OUR COMMUNITIES RAISE MORE THAN $33 MILLION IN FEDERAL FUNDING AND MATCHING DOLLARS THROUGH THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION'S HIGHLY COMPETITIVE BUILD TO SCALE VENTURE CHALLENGE GRANT. |
| $142,461 | $0 | $3,340 | OUR THOUGHT LEADERSHIP EFFORTS FOCUS ON SHIFTING THE NARRATIVE ABOUT WHAT IS POSSIBLE IN RURAL AMERICA. WE PUBLISH CASE STUDIES, BLOG POSTS, AND OP-EDS, AS WELL AS PRODUCE VIDEOS AND HOST WEBINARS TO HIGHLIGHT POSITIVE EXAMPLES AND IMPACT OF THE TECH SECTOR AND ENTREPRENEURSHIP IN ACTION IN SMALL TOWNS ACROSS THE COUNTRY. |
| $143,859 | $0 | $0 | WE LAUNCHED THE CORI INNOVATION FUND (CIF) IN 2020, A SEED FUND, TO INVEST IN TECH-ENABLED STARTUPS LOCATED IN RURAL OPPORTUNITY ZONES. CIF SEEKS ATTRACTIVE TECHNOLOGY-ENABLED OPERATING STARTUPS IN RURAL GEOGRAPHIES, WHICH ARE UNDER-SERVED BY TRADITIONAL VENTURE CAPITAL INSTITUTIONS. WE IDENTIFY, FUND, AND SUPPORT THE BEST AND MOST INNOVATIVE TECH ENTREPRENEURS IN RURAL AMERICA, ENHANCING ECONOMIC GROWTH AND TECH JOB CREATION IN SMALL COMMUNITIES ACROSS THE UNITED STATES. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $692,694 | TotalOtherProgSrvcExpenseAmt |
| Total Other Prog Srvc Grant | $0 | TotalOtherProgSrvcGrantAmt |
| Total Other Prog Srvc Revenue | $174,065 | TotalOtherProgSrvcRevenueAmt |
| Total Program Service Expenses | $3,947,854 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | Yes (1) | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 17 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | VT | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
| Other | Yes (X) | OtherInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ROBIN KILFEATHER-MACKEY DIRECTOR O | PersonNm |
| Phone | 8024364100 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 392 | AddressLine1Txt |
| City | HARTLAND | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| MATT DUNNE | |||||||
| DIRECTOR, EXECUTIVE DIRECT | 20.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LEE ROM | |||||||
| DIRECTOR/CHAIR | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| TOM SPERRY | |||||||
| DIRECTOR/TREASURER | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| DEBBIE ATUK | |||||||
| DIRECTOR/SECRETARY | 3.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PIRAYE BEIM | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JACOB MARTINEZ | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ADAM QUINN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| JACOB SMITH | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| KATE DUFFY | |||||||
| DEVELOPMENT DIRECTOR | 40.00 | $118,829 | $0 | $18,013 | Yes (X) | ||
| BREYANA RAY | |||||||
| DIRECTOR OF RURAL INNOVATION NETWORK | 40.00 | $127,553 | $0 | $6,630 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $246,382 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $24,643 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RURAL INNOVATION STRATEGIES INC | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 202 | AddressLine1Txt |
| City | HARTLAND | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | CONSULTING - PROJECT WORK | ServicesDesc |
| Compensation | $3,507,039 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $151,410 | GovernmentGrantsAmt |
| All Other Contributions | $5,441,512 | AllOtherContributionsAmt |
| Total Contributions | $5,592,922 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| CONTRACT REVENUE | 541900 | $323,721 | $323,721 |
| MEMBER FEE | 541900 | $65,000 | $65,000 |
| SPEAKER FEE | 541900 | $1,500 | $1,500 |
| CORI BRANDED MERCHANDI | 900099 | $840 | $840 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $391,061 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $58,697 | TotalRevenueColumnAmt |
| Exclusion | $58,697 | ExclusionAmt |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,000 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,000 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $1,000 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $6,043,680 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $392,061 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $58,697 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $891,775 | TotalAmt |
| Program Services | $693,815 | ProgramServicesAmt |
| Management And General | $8,804 | ManagementAndGeneralAmt |
| Fundraising | $189,156 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,062 | TotalAmt |
| Program Services | $24,944 | ProgramServicesAmt |
| Management And General | $317 | ManagementAndGeneralAmt |
| Fundraising | $6,801 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $112,087 | TotalAmt |
| Program Services | $87,205 | ProgramServicesAmt |
| Management And General | $1,107 | ManagementAndGeneralAmt |
| Fundraising | $23,775 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,573 | TotalAmt |
| Program Services | $53,352 | ProgramServicesAmt |
| Management And General | $676 | ManagementAndGeneralAmt |
| Fundraising | $14,545 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,708 | TotalAmt |
| Management And General | $2,708 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $15,054 | TotalAmt |
| Management And General | $15,054 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,688,048 | TotalAmt |
| Program Services | $2,787,242 | ProgramServicesAmt |
| Management And General | $693,635 | ManagementAndGeneralAmt |
| Fundraising | $207,171 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $31 | TotalAmt |
| Fundraising | $31 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $16,566 | TotalAmt |
| Program Services | $2,247 | ProgramServicesAmt |
| Management And General | $8,326 | ManagementAndGeneralAmt |
| Fundraising | $5,993 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $98,057 | TotalAmt |
| Program Services | $3,699 | ProgramServicesAmt |
| Management And General | $93,567 | ManagementAndGeneralAmt |
| Fundraising | $791 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,800 | TotalAmt |
| Program Services | $10,800 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $163,672 | TotalAmt |
| Program Services | $160,583 | ProgramServicesAmt |
| Management And General | $3,089 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,005 | TotalAmt |
| Program Services | $114,285 | ProgramServicesAmt |
| Management And General | $10,613 | ManagementAndGeneralAmt |
| Fundraising | $2,107 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,011 | TotalAmt |
| Management And General | $5,011 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | FundraisingFundraisingAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|---|
| EMPLOYEE TRAINING | $7,898 | $7,358 | $540 | |
| TAXES | $364 | $364 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,670 | TotalAmt |
| Program Services | $2,324 | ProgramServicesAmt |
| Management And General | $346 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,242,381 | TotalAmt |
| Program Services | $3,947,854 | ProgramServicesAmt |
| Management And General | $843,617 | ManagementAndGeneralAmt |
| Fundraising | $450,910 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $553,343 | BOYAmt |
| EOY | $1,168,279 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $196,026 | BOYAmt |
| EOY | $284,111 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $35,626 | BOYAmt |
| EOY | $146,228 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $102,975 | BOYAmt |
| EOY | $62,077 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5 | BOYAmt |
| EOY | $5 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,728,382 | BOYAmt |
| EOY | $1,856,733 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,616,357 | BOYAmt |
| EOY | $3,517,433 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,668 | BOYAmt |
| EOY | $46,887 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,471,847 | BOYAmt |
| EOY | $1,559,405 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,506,515 | BOYAmt |
| EOY | $1,606,292 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $774,935 | BOYAmt |
| EOY | $1,544,766 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $334,907 | BOYAmt |
| EOY | $366,375 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,109,842 | BOYAmt |
| EOY | $1,911,141 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,616,357 | BOYAmt |
| EOY | $3,517,433 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $801,299 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,825,188 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,738,116 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,808,408 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,225,473 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,592,922 | CurrentTaxYearAmt |
| Total | $16,190,107 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,825,188 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,738,116 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,808,408 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,225,473 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,592,922 | CurrentTaxYearAmt |
| Total | $16,190,107 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,148,124 | SubstantialContributorsTotAmt |
| Public Support Total170 | $7,041,983 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $669 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $618 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,927 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $6,018 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $58,697 | CurrentTaxYearAmt |
| Total | $68,929 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $1,072 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $23,236 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year | $1,000 | CurrentTaxYearAmt |
| Total | $25,308 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $16,284,344 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $779,665 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.43240 | PublicSupportCY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PAGE 2, SECTION B, LINE 13 | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S EFFECTIVE DATE OF EXEMPTION WAS FEBRUARY 7, 2018, THE INITIAL SHORT YEAR OF THE ORGANIZATION. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RESTRICTED CASH | $1,559,405 |
| DUE FROM RELATED PARTIES | $206,453 |
| CONTRIBUTIONS RECEIVABLE, NET OF CURRENT PORTION | $90,875 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $1,856,733 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | REFUNDABLE ADVANCES | Desc |
| Amt | $1,559,405 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,559,405 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,043,680 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $6,043,680 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $6,043,680 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,242,381 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,242,381 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $5,242,381 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION RECOGNIZES THE TAX BENEFIT OF AN UNCERTAIN TAX POSITION ONLY IF MANAGEMENT DETERMINES THAT IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERIT OF THE POSITION. MANAGEMENT HAS DETERMINED THAT THROUGH DECEMBER 31, 2023, THE ORGANIZATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp
Name Of Interested NameOfInterested
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATT DUNNE | PersonNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Relationship Description | DIRECTOR OF CORI AND RISI | RelationshipDescriptionTxt |
| Transaction | $3,521,500 | TransactionAmt |
| Transaction | RURAL INNOVATION STRATEGIES, INC. (RISI) PERFORMS CONTRACTUAL WORK FOR THE CENTER ON RURAL INNOVATION, INC. (CORI) AND ADDITIONAL CONSULTING WORK AS REQUIRED ON VARIOUS EXEMPT PURPOSE PROJECTS. MATT DUNNE IS THE EXECUTIVE DIRECTOR AND A BOARD MEMBER FOR CORI AND A BOARD DIRECTOR OF RISI. AMOUNT REPORTED IS CASH PAID OF WHICH $61,202 REMAINS OUTSTANDING AS A PREPAID EXPENSE. TOTAL NET CONTRACTED EXPENSE ON THE ACCRUAL BASIS WAS $3,507,039. | TransactionDesc |
| Sharing Of Revenues | 0 | SharingOfRevenuesInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE COMMENTS. ANY COMMENTS ARE THEN PROVIDED TO THE OPERATIONS DIRECTOR WHO GROUPS AND SUMMARIZES COMMENTS AND IS RESPONSIBLE FOR FILING THE RETURN. ANY ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE CENTER'S CONFLICT OF INTEREST POLICY WAS ADOPTED ON MARCH 20, 2018. THE PURPOSE OF THIS CONFLICT OF INTEREST POLICY IS TO PROTECT THE INTERESTS OF CENTER ON RURAL INNOVATION,INC., WHEN IT CONTEMPLATES ENTERING INTO A TRANSACTION OR ARRANGEMENT WITH A COVERED PERSON. THIS CONFLICT OF INTEREST POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE STATE AND FEDERAL LAWS GOVERNING CONFLICT OF INTEREST APPLICABLE TO NONPROFIT ORGANIZATIONS. DUTY TO DISCLOSE. IN CONNECTION WITH ANY TRANSACTION OR ARRANGEMENT UNDER CONSIDERATION BY THE CORPORATION, A COVERED PERSON MUST DISCLOSE THE EXISTENCE OF SUCH COVERED PERSON'S OR ANY OTHER COVERED PERSON'S RELATED INTEREST TO THE DESIGNATED CONFLICT OF INTEREST OFFICER. EACH DIRECTOR, MEMBER OF A COMMITTEE WITH POWERS DELEGATED BY THE BOARD OF DIRECTORS, PRINCIPAL OFFICER, MEMBER, EMPLOYEE HAVING RESPONSIBILITIES SIMILAR TO A DIRECTOR OR PRINCIPAL OFFICER, SUBSTANTIAL DONOR TO THE CORPORATION, OR ANY PERSON IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE OVER THE AFFAIRS OF THE CORPORATION SHALL, UPON FIRST ACCEDING TO SUCH OFFICE OR POSITION, SIGN AN ACKNOWLEDGEMENT FORM WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, 2. HAS READ AND UNDERSTANDS THE CONFLICT OF INTEREST POLICY, 3. HAS AGREED TO COMPLY WITH THE CONFLICT OF INTEREST POLICY, AND 4. UNDERSTANDS THE CORPORATION IS A SOCIAL WELFARE ORGANIZATION AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION THE CORPORATION MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. |
| FORM 990, PART VI, SECTION B, LINE 15B | THE CENTER'S BOARD WILL REVIEW THE AMOUNTS ALLOCATED FOR COMPENSATION AND CONFIRM THAT IT ALIGNS WITH COMPENSATION PAID TO COMPARABLE OFFICERS AND STAFF OF STARTUP NONPROFITS IN ORDER TO CONFIRM THAT THE CENTER PAYS NO MORE THAN MARKET RATE FOR SUCH COMPENSATION. TO ENSURE THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS SOCIAL WELFARE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS, PERIODIC REVIEWS SHALL BE CONDUCTED BY THE BOARD. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: 1. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. 2. WHETHER TRANSACTIONS AND ARRANGEMENTS CONFORM TO THE CORPORATION'S WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE INVESTMENT OR PAYMENTS FOR GOODS AND SERVICES, FURTHER THE CORPORATION'S SOCIAL WELFARE PURPOSES AND DO NOT RESULT IN INUREMENT, IMPERMISSIBLE PRIVATE BENEFIT OR IN AN "EXCESS BENEFIT" TRANSACTION. |
| FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANZIATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE UPON REQUEST; GUIDESTAR.ORG; AND OTHER SIMILAR TYPES OF WEBSITES. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FINANCIAL STATEMENTS AND CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST OR BY CALLING THE ORGANIZATION. |
| FORM 990, PART IX, LINE 11G | RURAL INNOVATION STRATEGIES, INC. (RISI) CONTRACT LABOR: PROGRAM SERVICE EXPENSES 140,983. MANAGEMENT AND GENERAL EXPENSES 39,148. FUNDRAISING EXPENSES 880. TOTAL EXPENSES 181,011. OTHER OUTSIDE CONTRACT LABOR: PROGRAM SERVICE EXPENSES 2,646,259. MANAGEMENT AND GENERAL EXPENSES 654,487. FUNDRAISING EXPENSES 206,291. TOTAL EXPENSES 3,507,037. |
| PART XII LINE 2C | WE HAVE NOT CHANGED THIS PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CORI INNOVATION FUND LLC | |||||||||||
| 2 QUECHEE ROAD | HARTLAND | VT | 05048 | 843845584 | OPPORTUNITY ZONE INVESTMENT FUND | VT | CIF MANAGEMENT INC | $3,885,132 | Yes (1) | Yes (1) | 0.00100 |
| CORI INNOVATION FUND II LP | |||||||||||
| 2 QUECHEE ROAD | HARTLAND | VT | 05048 | 883221355 | OPPORTUNITY ZONE INVESTMENT FUND | VT | CIF MANAGEMENT INC | $1,236,960 | Yes (1) | Yes (1) | 0.00100 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CIF MANAGEMENT INC | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2 QUECHEE ROAD | AddressLine1Txt |
| City | HARTLAND | CityNm |
| State Abbreviation | VT | StateAbbreviationCd |
| ZIP | 05048 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 843831168 | EIN |
| Primary Activities | INVESTMENT FUND MANAGEMENT | PrimaryActivitiesTxt |
| Legal Domicile State | VT | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CENTER ON RURAL INNOVATION INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $97,600 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $254,626 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | Yes (1) | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RURAL INNOVATION STRATEGIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transaction Type | P | TransactionTypeTxt |
| Involved | $3,507,000 | InvolvedAmt |
| Method Of Amount Determination | FMV | MethodOfAmountDeterminationTxt |
Comments