2022-08-09T14:11:16-05:00 2021-09-30 410746749 CLIFTONLARSONALLEN LLP 2523 US HIGHWAY 27 S SEBRING FL 338704926 990 2020-10-01 592946685 ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST INC ECON 3216382000 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 LYNDA WEATHERMAN PRESIDENT & CEO 3216382000 2022-08-09 1 LYNDA WEATHERMAN 999009999 KRISTINA HIMROD P01544190 8633851577 2022-07-30 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LYNDA WEATHERMAN 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 2659028 0 X WWW.SPACECOASTEDC.ORG X 1989 FL TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA. 168 168 13 198 0 0 2297908 2575422 73124 82855 1080 751 747 0 2372859 2659028 0 0 0 0 1334920 1395654 0 122775 0 1008247 810675 2343167 2329104 29692 329924 2092706 2384277 632760 617282 1459946 1766995 X TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA BY PROMOTING AND IMPLEMENTING ECONOMIC PROGRAMS DESIGNED TO BOTH STRENGTHEN AND EXPAND INCOME POTENTIAL OF ALL BUSINESSES WITHIN THE TRADE AREA. 0 0 THE ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST IS AN INNOVATIVE, COUNTYWIDE, NOT-FOR-PROFIT WORKING CLOSELY WITH THE SPACE COAST BUSINESS COMMUNITY, BUSINESS LEADERS, CHAMBERS OF COMMERCE, LOCAL AND STATE GOVERNMENT LEADERS, AND COMMUNITY ORGANIZATIONS. THE EDC IS DEDICATED TO ATTRACTING NEW BUSINESS AND INVESTMENT AND EXPANDING EXISTING INDUSTRY THROUGHOUT THE SPACE COAST, ADVOCATING FOR POSITIVE BUSINESS POLICIES, PROMOTING THE SPACE COAST TO ENCOURAGE NEW BUSINESS INVESTMENT, SUPPORTING EFFORTS OF SPACE COAST MILITARY INSTALLATIONS, AND DEVELOPING PROGRAMS TO ASSIST MANUFACTURING AND HIGH TECH COMPANIES. (CONTINUED ON SCHEDULE O)THE EDC GUIDES ITS PROGRAM OF WORK WITHIN THREE PRIMARY STRATEGIC PRIORITIES: 1. MAINTAIN A TARGETED INDUSTRY FOCUS CONCENTRATING EFFORTS ON FIVE KEY INDUSTRIES THAT SERVE AS CORE DRIVERS OF ECONOMY: AEROSPACE AND AVIATION, ADVANCED COMMUNICATIONS, ELECTRONICS, HOMELAND SECURITY AND DEFENSE, AND EMERGING TECHNOLOGIES. 2. ADVOCATE FOR A COMPETITIVE BUSINESS ENVIRONMENT3. ENGAGE COMMUNITY LEADERS AND ELECTED OFFICIALS, ENABLING THESE LEADERS TO SERVE AS ECONOMIC DEVELOPMENT ADVOCATES THROUGHOUT THE COMMUNITY. ALONGSIDE JOB GROWTH, THE EDC CONTINUES TO FOSTER THE CONDITIONS AND COALITIONS THAT LEAD TO OPPORTUNITIES FOR BUSINESS TO EXPAND AND OBTAIN QUALIFIED WORKFORCE. THESE PROGRAMS INCLUDE:THE CERTIFIED PRODUCTION TECHNICIAN PROGRAM, MOST COMMONLY KNOWN AS THE CPT PROGRAM, CONTINUES TO GROW, AS THE EDC BUILDS THE NEXT GENERATION OF BREVARD'S MANUFACTURING WORKFORCE. THIS COURSE CONTINUES TO NOT ONLY PROVIDE TRAINING, IT ALSO PROVIDES WORKFORCE-READY SKILLS WITH 88% OF CPT CERTIFIED STUDENTS SECURING EMPLOYMENT. THE PROGRAM HAS GROWN TO INCLUDE CAREER EXPOSURE TOURS, HR AND INTERVIEW SKILLS SESSIONS, AND PRIVATE JOB FAIRS.THE EDC LIVE BIG SPACE COAST CAMPAIGN ATTRACTS TOP TALENT TO SUPPORT THE WORKFORCE PIPELINE NEEDS OF LOCAL INDUSTRY.THIS PAST YEAR THE EDC TEAM MANAGED 29 NEW BUSINESS PROJECTS AND 83 NEW CLIENT LEADS. THE SPACE COAST IS RANKED AS THE #1 MOST INDUSTRY DIVERSIFIED ECONOMY IN FLORIDA. THIS REFLECTS THE EDC'S BUSINESS ATTRACTION EFFORTS TO DIVERSIFY OUR INDUSTRY BASE, PROVIDING ADDITIONAL AVENUES OF EMPLOYMENT AND LONG-TERM DURABILITY FOR BREVARD'S ECONOMY. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 13 1 0 0 0 0 1 1 0 0 0 X 168 168 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X TRUDY MCCARTHY 3216382000 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 LYNDA WEATHERMAN PRESIDENT 45.00 X 325882 0 63113 TRUDY MCCARTHY SR DIRECTOR OF MARKETING 45.00 X 123425 0 50135 JULIE K SONG CHAIR 1.00 X X 0 0 0 BART GAETJENS CHAIR-ELECT 2.00 X X 0 0 0 JOE T MAYER PAST CHAIR 1.00 X X 0 0 0 KIRK HALL SEC/TREASURER 2.00 X X 0 0 0 GREG AKERS DIRECTOR 1.00 X 0 0 0 JASON ALFORD DIRECTOR 1.00 X 0 0 0 LUTHER ANDAL DIRECTOR 1.00 X 0 0 0 TIM ANTONITION DIRECTOR 1.00 X 0 0 0 CHRISTOPHER BAILEY DIRECTOR 1.00 X 0 0 0 KRISTIN BAKKE DIRECTOR 1.00 X 0 0 0 JIM BARFIELD DIRECTOR 1.00 X 0 0 0 COURTNEY BARKER DIRECTOR 1.00 X 0 0 0 KEVIN BARRY DIRECTOR 1.00 X 0 0 0 KIM BELARDINELLI DIRECTOR 1.00 X 0 0 0 STEPHANIE BERGSIEKER DIRECTOR 1.00 X 0 0 0 ALAN BERNSTEIN DIRECTOR 1.00 X 0 0 0 CHARLES R BERRY DIRECTOR 1.00 X 0 0 0 LEAH BLACKMORE DIRECTOR 1.00 X 0 0 0 BONNY BLOCK DIRECTOR 1.00 X 0 0 0 JULIE BRAGA DIRECTOR 1.00 X 0 0 0 THOMAS BRANDON DIRECTOR 1.00 X 0 0 0 LINDA BRANDT DIRECTOR 1.00 X 0 0 0 MATT BRANDT DIRECTOR 1.00 X 0 0 0 SCOTT BRAZDO DIRECTOR 1.00 X 0 0 0 COLLEEN BROWNE DIRECTOR 1.00 X 0 0 0 MARK BUONGIORNO DIRECTOR 1.00 X 0 0 0 MARK F BUSALACCHI DIRECTOR 1.00 X 0 0 0 KAT BUTLER DIRECTOR 1.00 X 0 0 0 DEWAYNE CARPENTER DIRECTOR 1.00 X 0 0 0 HOLLY CARVER DIRECTOR 1.00 X 0 0 0 LAURA CHIESMAN DIRECTOR 1.00 X 0 0 0 GREGORY CIMENO DIRECTOR 1.00 X 0 0 0 DANIEL CIURO DIRECTOR 1.00 X 0 0 0 ROZ CLARK DIRECTOR 1.00 X 0 0 0 JUSTYN COLE DIRECTOR 1.00 X 0 0 0 CHRIS CONNEEN DIRECTOR 1.00 X 0 0 0 ANNE CONROY-BAITER DIRECTOR 1.00 X 0 0 0 ERIK COSTIN DIRECTOR 1.00 X 0 0 0 PETER CRANIS DIRECTOR 1.00 X 0 0 0 BRIAN E CURTIN DIRECTOR 1.00 X 0 0 0 BILL DAVIS DIRECTOR 1.00 X 0 0 0 CRAIG DAY DIRECTOR 1.00 X 0 0 0 FRANK DIBELLO DIRECTOR 1.00 X 0 0 0 CINDY DITTMER DIRECTOR 1.00 X 0 0 0 KIRSTEN DREGGORS DIRECTOR 1.00 X 0 0 0 EVAN ERNST DIRECTOR 1.00 X 0 0 0 BRETT ESROCK DIRECTOR 1.00 X 0 0 0 DANIEL EVANS DIRECTOR 1.00 X 0 0 0 THOMAS EYE DIRECTOR 1.00 X 0 0 0 SEAN FARRELL DIRECTOR 1.00 X 0 0 0 ROBIN FISHER DIRECTOR 1.00 X 0 0 0 JAMES D FLINT DIRECTOR 1.00 X 0 0 0 AL FORBES DIRECTOR 1.00 X 0 0 0 JOSIAH GATTLE DIRECTOR 1.00 X 0 0 0 KEVIN GHOLSTON DIRECTOR 1.00 X 0 0 0 DEBORAH GOODE DIRECTOR 1.00 X 0 0 0 MICHELE GOODWIN DIRECTOR 1.00 X 0 0 0 BO GREEN DIRECTOR 1.00 X 0 0 0 KEN GREGG DIRECTOR 1.00 X 0 0 0 LLOYD GREGG DIRECTOR 1.00 X 0 0 0 RICH GREY DIRECTOR 1.00 X 0 0 0 BILL GUYAN DIRECTOR 1.00 X 0 0 0 DEBORAH HARMON DIRECTOR 1.00 X 0 0 0 GAIL HART DIRECTOR 1.00 X 0 0 0 BENJAMIN HAYES DIRECTOR 1.00 X 0 0 0 CHARLES M HEINEN DIRECTOR 1.00 X 0 0 0 SCOTT HENDERSON DIRECTOR 1.00 X 0 0 0 TOM C HERMANSEN DIRECTOR 1.00 X 0 0 0 GORDY HOUSER DIRECTOR 1.00 X 0 0 0 RYAN JESENIK DIRECTOR 1.00 X 0 0 0 NEAL JOHNSON DIRECTOR 1.00 X 0 0 0 CLAUDIA H JONES DIRECTOR 1.00 X 0 0 0 JASON JONES DIRECTOR 1.00 X 0 0 0 TERI JONES DIRECTOR 1.00 X 0 0 0 JOAN JUNKALA-BROWN DIRECTOR 1.00 X 0 0 0 DAN KELLEY DIRECTOR 1.00 X 0 0 0 DANA KILBORNE DIRECTOR 1.00 X 0 0 0 RICHARD KOLLEDA DIRECTOR 1.00 X 0 0 0 DAVID KORNICK DIRECTOR 1.00 X 0 0 0 LORRAINE KOSS DIRECTOR 1.00 X 0 0 0 GARY KRUEGER DIRECTOR 1.00 X 0 0 0 DANIEL LAMORTE DIRECTOR 1.00 X 0 0 0 BRYK LANCASTER DIRECTOR 1.00 X 0 0 0 MICHAEL LAPIDUS DIRECTOR 1.00 X 0 0 0 BRIAN LIGHTLE DIRECTOR 1.00 X 0 0 0 MICAH LOYD DIRECTOR 1.00 X 0 0 0 JORDAN LUHN DIRECTOR 1.00 X 0 0 0 THOMAS MAHLE DIRECTOR 1.00 X 0 0 0 BEN MALIK DIRECTOR 1.00 X 0 0 0 PETER J MANNINO DIRECTOR 1.00 X 0 0 0 FRANK MARGIOTTA DIRECTOR 1.00 X 0 0 0 LESLEY-ANNE MARKS DIRECTOR 1.00 X 0 0 0 MARITZA MARTINEZ-GUERRERO DIRECTOR 1.00 X 0 0 0 DAWN MAYS DIRECTOR 1.00 X 0 0 0 SHAWN MCINTYRE DIRECTOR 1.00 X 0 0 0 CARLA M MCRAE DIRECTOR 1.00 X 0 0 0 MIKE MEREDITH DIRECTOR 1.00 X 0 0 0 BRETT MILLER DIRECTOR 1.00 X 0 0 0 LORY MILTON DIRECTOR 1.00 X 0 0 0 JESSICA MOORE DIRECTOR 1.00 X 0 0 0 CHRYSTAL A MORGAN DIRECTOR 1.00 X 0 0 0 TODD MORLEY DIRECTOR 1.00 X 0 0 0 ANGELICA MORRISSEY DIRECTOR 1.00 X 0 0 0 MARK MULLINS DIRECTOR 1.00 X 0 0 0 MARCI MURPHY DIRECTOR 1.00 X 0 0 0 GARY NEAL DIRECTOR 1.00 X 0 0 0 JO LYNN NELSON DIRECTOR 1.00 X 0 0 0 MICAH NIX DIRECTOR 1.00 X 0 0 0 CRAIG OLSON DIRECTOR 1.00 X 0 0 0 JANET PETRO DIRECTOR 1.00 X 0 0 0 SCOTT PFEILER DIRECTOR 1.00 X 0 0 0 DANIEL PIERRON DIRECTOR 1.00 X 0 0 0 TODD POKRYWA DIRECTOR 1.00 X 0 0 0 DAN POLLOCK DIRECTOR 1.00 X 0 0 0 RITA PRITCHETT DIRECTOR 1.00 X 0 0 0 TRAVIS PROCTOR DIRECTOR 1.00 X 0 0 0 GARY P PRUS DIRECTOR 1.00 X 0 0 0 RICHARD P PRUSS DIRECTOR 1.00 X 0 0 0 ROBERT RAINS DIRECTOR 1.00 X 0 0 0 JONATHAN H REED DIRECTOR 1.00 X 0 0 0 DINA REIDER-HICKS DIRECTOR 1.00 X 0 0 0 KIMBERLY B REZANKA DIRECTOR 1.00 X 0 0 0 JIM RHINEHART DIRECTOR 1.00 X 0 0 0 VALIA RICH DIRECTOR 1.00 X 0 0 0 HECTOR RIVERA DIRECTOR 1.00 X 0 0 0 ANTHONY M ROMERO DIRECTOR 1.00 X 0 0 0 WENDY ROMEU DIRECTOR 1.00 X 0 0 0 HAL ROSE DIRECTOR 1.00 X 0 0 0 JOE ROWLETTE DIRECTOR 1.00 X 0 0 0 COREY RUNTE DIRECTOR 1.00 X 0 0 0 GILBERT RUSSELL DIRECTOR 1.00 X 0 0 0 JACK RYALS DIRECTOR 1.00 X 0 0 0 ROBERT SALONEN DIRECTOR 1.00 X 0 0 0 KIMBERLY SANTIAGO DIRECTOR 1.00 X 0 0 0 ANTHONY SCARAMOUCHE DIRECTOR 1.00 X 0 0 0 MARK A SCHRAMEK DIRECTOR 1.00 X 0 0 0 LEAH SELIG DIRECTOR 1.00 X 0 0 0 NATALIE SELLERS DIRECTOR 1.00 X 0 0 0 SUMMIT SHAH DIRECTOR 1.00 X 0 0 0 FORREST SMALLEY DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR 1.00 X 0 0 0 PAUL SOHL DIRECTOR 1.00 X 0 0 0 ROB SOLITO DIRECTOR 1.00 X 0 0 0 NATASHA CARTAGENA SPENCER DIRECTOR 1.00 X 0 0 0 LINDA STOUT DIRECTOR 1.00 X 0 0 0 BRETT STRASSEL DIRECTOR 1.00 X 0 0 0 TRACY K STRODERD DIRECTOR 1.00 X 0 0 0 MATTHEW SUSIN DIRECTOR 1.00 X 0 0 0 TODD SUTHERLAND DIRECTOR 1.00 X 0 0 0 RICH D SUTTER DIRECTOR 1.00 X 0 0 0 LINDSEY SWINDLE DIRECTOR 1.00 X 0 0 0 AL TAYLOR DIRECTOR 1.00 X 0 0 0 DEBBIE THOMAS DIRECTOR 1.00 X 0 0 0 STEPHEN C THOMAS DIRECTOR 1.00 X 0 0 0 JOHN TIMMERMANN DIRECTOR 1.00 X 0 0 0 EMMANUEL TORMES DIRECTOR 1.00 X 0 0 0 JAMES TRUDEAU DIRECTOR 1.00 X 0 0 0 DAVID J VOLK DIRECTOR 1.00 X 0 0 0 SCOTT J WALL DIRECTOR 1.00 X 0 0 0 ABRAM WALTON DIRECTOR 1.00 X 0 0 0 PATRICIA WEEKS DIRECTOR 1.00 X 0 0 0 BRADLEY WHITE DIRECTOR 1.00 X 0 0 0 LISA WILDER DIRECTOR 1.00 X 0 0 0 BILL WILLIAMS DIRECTOR 1.00 X 0 0 0 COREY WILLIAMS DIRECTOR 1.00 X 0 0 0 MICHAEL JR WILLIAMS DIRECTOR 1.00 X 0 0 0 PETER D WOODS DIRECTOR 1.00 X 0 0 0 LAURA YOUNG DIRECTOR 1.00 X 0 0 0 GWENDOLYN ANELLO DIRECTOR 1.00 X 0 0 0 KELLY BILLON DIRECTOR 1.00 X 0 0 0 BARNEY BISHOP DIRECTOR 1.00 X 0 0 0 BRYAN BOBBITT DIRECTOR 1.00 X 0 0 0 ANDREW CAMERON DIRECTOR 1.00 X 0 0 0 STEPHANY ELEY DIRECTOR 1.00 X 0 0 0 SCOTT ELLER DIRECTOR 1.00 X 0 0 0 DEBBIE HARVEY DIRECTOR 1.00 X 0 0 0 PHILLIP HAYES DIRECTOR 1.00 X 0 0 0 SHARON IVORY DIRECTOR 1.00 X 0 0 0 WALTER JACKIM DIRECTOR 1.00 X 0 0 0 KENNY JOHNSON DIRECTOR 1.00 X 0 0 0 WAYNE E JUSTICE DIRECTOR 1.00 X 0 0 0 JASON KIRK DIRECTOR 1.00 X 0 0 0 JASON W MILLER DIRECTOR 1.00 X 0 0 0 ANDREW PICKETT DIRECTOR 1.00 X 0 0 0 JENNIFER ROGERS DIRECTOR 1.00 X 0 0 0 WINSTON SCOTT DIRECTOR 1.00 X 0 0 0 LYNN SMITH DIRECTOR 1.00 X 0 0 0 SCOTT SORENSEN DIRECTOR 1.00 X 0 0 0 LISA STEFFEN DIRECTOR 1.00 X 0 0 0 TONY TALIANCICH DIRECTOR 1.00 X 0 0 0 BRANDE H WALTON DIRECTOR 1.00 X 0 0 0 MARY WATKINS DIRECTOR 1.00 X 0 0 0 ERIC WRIGHT DIRECTOR 1.00 X 0 0 0 KRISTINE ZONKA DIRECTOR 1.00 X 0 0 0 449307 0 113248 2 0 1 0 CONVERGENT NONPROFIT SOLUTIONS 2451 CUMBERLAND PKWY SUITE 3679 ATLANTA GA 30339 CAMPAIGN MANAGEMENT 216000 1 734250 1732903 108269 2575422 MEETINGS AND FUNCTIONS 900099 33624 33624 PROGRAM SPONSORSHIPS 900099 24750 24750 PROGRAM REVENUE 900099 24481 24481 82855 751 751 2659028 82855 0 751 368323 743294 76414 141647 65976 2231 62991 122775 46502 20494 25698 43223 138539 5939 64035 9024 EXPENSES UNDER GRANTS 372685 EDUCATION & TRAINING 19289 BUSINESS LICENSE AND FE 25 2329104 364054 1143042 1393652 1007436 104660 52654 114593 104113 63593 18506 110546 62148 42026 48398 10128 10128 2092706 2384277 169075 158247 463685 459035 632760 617282 X 1459946 1766995 1459946 1766995 2092706 2384277 X 329924 -22875 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 34987 11662 23325 58634 37172 21462 16925 13314 3611 48398 X 2661354 2326 2326 2659028 0 2659028 2354305 2326 22875 25201 2329104 0 2329104 PART X, LINE 2: THE COMMISSION HAS REVIEWED AND EVALUATED THE RELEVANT TECHNICAL MERITS OF EACH OF ITS TAX POSITIONS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, AND DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. PART XII, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 22,875. 0 CONVERGENT NONPROFIT SOLUTIONS 2451 CUMBERLAND PKWY SE SUITE 3679 ATLANTA GA 30339 CAMPAIGN MANAGEMENT 0 0 122775 -122775 122775 -122775 X X X X 0 0 0 LYNDA WEATHERMAN PRESIDENT 267350 0 45000 0 13532 0 42202 0 20911 0 388995 0 0 0 TRUDY MCCARTHY SR DIRECTOR OF MARKETING 119173 0 3000 0 1252 0 19477 0 30658 0 173560 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 AN EXECUTIVE COMMITTEE, A SUBSET OF THE BOARD OF DIRECTORS HAS CHARGE OF THE ROUTINE BUSINESS AFFAIRS OF THE EDC DURING THE INTERIM BETWEEN MEETINGS OF THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE SHALL DELIBERATE UPON AND MAKE RECOMMENDATIONS TO THE BOARD OF DIRECTORS ON ALL MAJOR MATTERS CONCERNING THE EDC'S BUSINESS AND OPERATION. ACTIVITIES OF THE EXECUTIVE COMMITTEE SHALL BE REPORTED TO AND RATIFIED BY THE BOARD OF DIRECTORS AT THEIR NEXT REGULARLY SCHEDULED MEETING. THE EXECUTIVE COMMITTEE MEMBERSHIP AND APPOINTMENTS ARE GUIDED BY THE CORPORATE BY-LAWS. A BI-ANNUAL ELECTION PROCESS ENABLES REPRESENTATIVES FROM THE INVESTOR BASE TO BE APPOINTED TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 THE EDC SHALL HAVE SEVEN (7) CLASSES OF MEMBERSHIP AS FOLLOWS: GOVERNOR'S LEVEL; LEADERSHIP LEVEL; BOARD OF ADVISOR LEVEL; CORPORATE LEVEL; CHAIRMAN LEVEL; AMBASSADOR LEVEL; PATRON LEVEL. ANY INDIVIDUAL OR ORGANIZATION THAT PAYS DUES AND AGREES TO BE BOUND BY THE ARTICLES OF INCORPORATION, THE BYLAWS, AND SUCH RULES AND REGULATIONS AS THE BOARD OF DIRECTORS MAY FROM TIME TO TIME ADOPT IS ELIGIBLE FOR MEMBERSHIP IN THE EDC. ONLY INDIVIDUALS, SOLE PROPRIETORS, LOCAL CHAMBERS OF COMMERCE AND NOT-FOR-PROFIT ORGANIZATIONS MAY BE PATRON LEVEL MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS MEMBERSHIP AND APPOINTMENTS ARE GUIDED BY THE CORPORATE BY-LAWS. A BI-ANNUAL ELECTION PROCESS ENABLES REPRESENTATIVES FROM THE INVESTOR BASE TO BE APPOINTED TO THE BORAD OF DIRECTORS. GOVERNING DOCUMENTS, CORPORATE POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EDC'S OFFICE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 AND REQUIRED ATTACHMENTS IS PRESENTED TO THE FINANCE COUNCIL AND SENIOR EDC STAFF BY THE CPA PREPARING THE RETURN, PRIOR TO FILING. THE FINANCE COUNCIL APPROVES THE RETURN FOR THE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY DIRECTOR VOTING UPON A MEASURE BEFORE THE BOARD OF DIRECTORS IN WHICH HE OR SHE HAS A PERSONAL, PRIVATE OR PROFESSIONAL INTEREST AND WHICH INURES TO HIS OR HER SPECIAL PRIVATE GAIN, OR THE SPECIAL GAIN OF ANY PRINCIPAL BY WHOM HE OR SHE IS RETANED, SHALL PRIOR TO SUCH VOTE DISCLOSE THE NATURE OF HIS INTEREST TO THE BOARD OF DIRECTORS AND WITH THE PERSON RESPONSIBLE FOR RECORDING THE MINUTES, WHO SHALL INCORPORATE THE DISCLOSURE IN THE MINUTES. AN INTERESTED DIRECTOR MAY BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM AT A MEETING OF THE BOARD OF DIRECTORS. IN THE EVENT A BOARD MEMBER BECOMES AWARE OF AN UNDECLARED CONFLICT OF INTEREST UPON A MATTER PREVIOUSLY VOTED UPON BY THE BOARD MEMBER, THEY SHOULD IMMEDIATELY FILE WITH THE SECRETARY OF THE EDC A WRITTEN STATEMENT REGARDING THE NATURE OF THE CONFLICT FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, A COMMITTEE OF AT LEAST FOUR SHALL BE SELECTED BY THE IMMEDIATE PAST CHAIRMAN OF THE BOARD TO REVIEW THE PRESIDENTS PERFORMANCE AND RECOMMEND ADJUSTMENTS TO THE PRESIDENTS COMPENSATION PACKAGE. THE COMMITTEE SHALL BE CHAIRED BY THE IMMEDIATE PAST CHAIRMAN OF THE BOARD OF THE EDC AND SHALL INCLUDE THE CURRENT CHAIRMAN OF THE BOARD. THE REMAINDER SHALL BE COMPOSED OF PREVIOUS CHAIRPERSONS OF THE EDC. A SALARY COMPARISON/BENCHMARK WILL BE CONDUCTED AT MINIMUM, EVERY THREE YEARS (LAST COMPLETED IN SEPTEMBER 2020). A PERFORMANCE QUESTIONNAIRE SHALL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE MEMBERS REQUESTING FEEDBACK REGARDING THE PRESIDENTS PERFORMANCE FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CORPORATE POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EDC'S OFFICE. FORM 990, PART XI, LINE 9: BAD DEBT EXPENSE -22,875.