2019-08-14T13:46:35-05:00 2018-09-30 410746479 CLIFTONLARSONALLEN LLP 402 SOUTH KENTUCKY AVENUE SUITE 600 LAKELAND FL 338015354 990 2017-10-01 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 2019-08-14 1 LAUREN BALLARD CPA P01451787 8636805600 2019-08-13 67.137.57.251 2019-08-14 11:40:04 ED P 0FA37CE34EDFE58DB410E6F490D69C2898079F18 A4849026A30F67857AD9326A596D1AE09B79CC38 2017 2019-02-21 02:37:17Z LYNDA WEATHERMAN 6525 3RD STREET NO 304 ROCKLEDGE FL 32955 2527403 0 X WWW.SPACECOASTEDC.ORG X 1989 FL TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA. 170 170 17 320 0 0 2657935 2404412 90660 117550 2842 4212 3082 1229 2754519 2527403 0 0 0 0 1469496 1480498 0 0 0 1204232 890606 2673728 2371104 80791 156299 2565964 2710063 1347679 1335479 1218285 1374584 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. DURING THE FISCAL YEAR:NINE (9) PROJECTS CELEBRATED GRAND OPENINGS AND/OR HIRING EVENTS. THE EDC HELD ITS 5TH ANNUAL MADE IN BREVARD EXPO, WHICH WAS THE 2ND CONSECUTIVE YEAR THE EXPO WAS OPEN TO THE PUBLIC. OVER 400 ATTENDEES EXPERIENCED LOCAL MANUFACTURING FROM OVER 40 SPACE COAST COMPANIES.G.O. CONTRACTS CONNECTS BUSINESSES TO AN ENHANCED GOVERNMENT CONTRACTING DATABASE FOCUSED ON CUSTOMIZED CONTENT AND OPPORTUNITIES. SINCE ITS INCEPTION IN 2013, COMPANIES PARTICIPATING IN THE PROGRAM HAVE BEEN AWARDED 91 CONTRACTS TOTALING MORE THAN $50 MILLION IN VALUE.THE EDC LIVE BIG SPACE COAST CAMPAIGN ATTRACTS TOP TALENT TO SUPPORT THE WORKFORCE PIPELINE NEEDS OF LOCAL INDUSTRY. THE EDC COMMISSIONED A SURVEY TO GAUGE LOCAL PARENTS' PERCEPTION OF MANUFACTURING. RESULTS HAVE GUIDED THE PROGRAM OF WORK SUPPORTING MANUFACTURING TRAINING AND WORKFORCE PIPELINE.THE EDC'S RESEARCH OFFICE PRODUCED AN ECONOMIC IMPACT STUDY FOR NASA, REPORTING ON THE LOCAL REGIONAL AND STATE IMPACT OF KENNEDY SPACE CENTER BASED OPERATIONS. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 6 0 17 1 0 0 0 0 0 0 X 170 170 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 PHILLIP HAYES CHAIR 1.00 X X 0 0 0 DANA KILBORNE CHAIR ELECT 1.00 X X 0 0 0 JOE T MAYER TREASURER 1.00 X X 0 0 0 JULIE K SONG SECRETARY 1.00 X X 0 0 0 WINSTON SCOTT IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 ROBERT F ADAMS DIRECTOR 1.00 X 0 0 0 GWENDOLYN ANELLO DIRECTOR 1.00 X 0 0 0 MIKE ARTELLI DIRECTOR 1.00 X 0 0 0 MATT ASHLEY DIRECTOR 1.00 X 0 0 0 JEFF 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 JUSTIN BARNHILL DIRECTOR 1.00 X 0 0 0 JASON BARTLETT DIRECTOR 1.00 X 0 0 0 ARTHUR BECKER DIRECTOR 1.00 X 0 0 0 STEPHANIE BEDNAREK DIRECTOR 1.00 X 0 0 0 CHARLES R BERRY DIRECTOR 1.00 X 0 0 0 BARNEY BISHOP DIRECTOR 1.00 X 0 0 0 DESMOND K BLACKBURN DIRECTOR 1.00 X 0 0 0 LEAH BLACKMORE DIRECTOR 1.00 X 0 0 0 JERI BLANCO DIRECTOR 1.00 X 0 0 0 JEAN ANN BOWMAN 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 ADAM BROADWAY DIRECTOR 1.00 X 0 0 0 KIM BROWN DIRECTOR 1.00 X 0 0 0 COLLEEN BROWNE DIRECTOR 1.00 X 0 0 0 SANDRA BURGE DIRECTOR 1.00 X 0 0 0 MARK F BUSALACCHI 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 DANIEL CIURO DIRECTOR 1.00 X 0 0 0 ROZ CLARK DIRECTOR 1.00 X 0 0 0 CHRIS CONNEEN DIRECTOR 1.00 X 0 0 0 WAYNE COOPER DIRECTOR 1.00 X 0 0 0 ERIK COSTIN DIRECTOR 1.00 X 0 0 0 BRIAN 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 ANGELICA DELUCCIA MORRISSEY 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 GLENN DUNCAN DIRECTOR 1.00 X 0 0 0 STEPHANY ELEY DIRECTOR 1.00 X 0 0 0 MICHAEL ENNIS DIRECTOR 1.00 X 0 0 0 DANIEL EVANS DIRECTOR 1.00 X 0 0 0 JOSH FIELD DIRECTOR 1.00 X 0 0 0 ROBIN FISHER DIRECTOR 1.00 X 0 0 0 AL FORBES DIRECTOR 1.00 X 0 0 0 BARRY FORBES DIRECTOR 1.00 X 0 0 0 PETER FUSSCAS DIRECTOR 1.00 X 0 0 0 BART GAETJENS DIRECTOR 1.00 X 0 0 0 ERIC GARVEY DIRECTOR 1.00 X 0 0 0 KEVIN GHOLSTON DIRECTOR 1.00 X 0 0 0 DEBBIE GOODE DIRECTOR 1.00 X 0 0 0 KYLE GRAHAM DIRECTOR 1.00 X 0 0 0 GWEN GRIFFIN DIRECTOR 1.00 X 0 0 0 DON GUST DIRECTOR 1.00 X 0 0 0 JONATHAN GUTIERREZ DIRECTOR 1.00 X 0 0 0 KIRK HALL DIRECTOR 1.00 X 0 0 0 RICH HALL DIRECTOR 1.00 X 0 0 0 RANDALL HARRIS DIRECTOR 1.00 X 0 0 0 DEBBIE HARVEY DIRECTOR 1.00 X 0 0 0 KAREN HEIRD DIRECTOR 1.00 X 0 0 0 BILL HENDRICKSON DIRECTOR 1.00 X 0 0 0 DAN HENN DIRECTOR 1.00 X 0 0 0 TOM HERMANSEN DIRECTOR 1.00 X 0 0 0 STEVEN R HICKS DIRECTOR 1.00 X 0 0 0 JOHN HOFFER DIRECTOR 1.00 X 0 0 0 WYATT HOOVER DIRECTOR 1.00 X 0 0 0 GORDY HOUSER DIRECTOR 1.00 X 0 0 0 TIMOTHY HUDSPETH DIRECTOR 1.00 X 0 0 0 TREY HUY DIRECTOR 1.00 X 0 0 0 TRUDIE INFANTINI DIRECTOR 1.00 X 0 0 0 WALTER JACKIM DIRECTOR 1.00 X 0 0 0 NEAL JOHNSON DIRECTOR 1.00 X 0 0 0 STEPHEN JOHNSON DIRECTOR 1.00 X 0 0 0 WILLIAM JOHNSON DIRECTOR 1.00 X 0 0 0 CLAUDIA JONES DIRECTOR 1.00 X 0 0 0 LYNN JONES DIRECTOR 1.00 X 0 0 0 WAYNE E JUSTICE DIRECTOR 1.00 X 0 0 0 JEFF KIEL DIRECTOR 1.00 X 0 0 0 ROBERT KLEIN DIRECTOR 1.00 X 0 0 0 DAVID KORNICK DIRECTOR 1.00 X 0 0 0 GARY H KREISLER DIRECTOR 1.00 X 0 0 0 GARY KRUEGER DIRECTOR 1.00 X 0 0 0 PHIL KRULL DIRECTOR 1.00 X 0 0 0 LESLIE LAKE DIRECTOR 1.00 X 0 0 0 MICHAEL LAPIDUS DIRECTOR 1.00 X 0 0 0 NEIL LEVINE DIRECTOR 1.00 X 0 0 0 TREVOR LEWIS DIRECTOR 1.00 X 0 0 0 BRIAN LIGHTLE DIRECTOR 1.00 X 0 0 0 ELISABETH LOGAN DIRECTOR 1.00 X 0 0 0 JONI C LUCE DIRECTOR 1.00 X 0 0 0 JORDAN LUHN DIRECTOR 1.00 X 0 0 0 MARK MALEK DIRECTOR 1.00 X 0 0 0 BEN MALIK DIRECTOR 1.00 X 0 0 0 CHRISTOPHER MAROT DIRECTOR 1.00 X 0 0 0 RICK MATTHEWS DIRECTOR 1.00 X 0 0 0 DAWN MAYS DIRECTOR 1.00 X 0 0 0 SCOTT MCCALLUM DIRECTOR 1.00 X 0 0 0 STEPHANIE B MCLOUGHLIN DIRECTOR 1.00 X 0 0 0 CARLA M MCRAE DIRECTOR 1.00 X 0 0 0 LINDA MIEDEMA DIRECTOR 1.00 X 0 0 0 MARK MIKOLAJCZYK DIRECTOR 1.00 X 0 0 0 JASON W MILLER DIRECTOR 1.00 X 0 0 0 KRISTA MILLER DIRECTOR 1.00 X 0 0 0 LAUREN MILLER DIRECTOR 1.00 X 0 0 0 LAURA MINTON YOUNG DIRECTOR 1.00 X 0 0 0 LUKE MIORELLI DIRECTOR 1.00 X 0 0 0 TODD MORLEY 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 JOLYNN NELSON DIRECTOR 1.00 X 0 0 0 PAUL NEWMAN DIRECTOR 1.00 X 0 0 0 JOHN COLE OLIVER DIRECTOR 1.00 X 0 0 0 RAMONA OSBURN DIRECTOR 1.00 X 0 0 0 GARY PALMER DIRECTOR 1.00 X 0 0 0 BRENT PEOPLES DIRECTOR 1.00 X 0 0 0 JANET PETRO 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 TRAVIS PROCTOR DIRECTOR 1.00 X 0 0 0 ROBERT RAINS DIRECTOR 1.00 X 0 0 0 DINA REIDER-HICKS DIRECTOR 1.00 X 0 0 0 JIM RIDENOUR DIRECTOR 1.00 X 0 0 0 JENNIFER ROGERS 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 ANDY ROMINE DIRECTOR 1.00 X 0 0 0 HAL ROSE DIRECTOR 1.00 X 0 0 0 KATHRYN RUDLOFF DIRECTOR 1.00 X 0 0 0 MIKE RUGGIERO 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 JESSICA RYE 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 SCOTT SCHMIDT DIRECTOR 1.00 X 0 0 0 MEL SCOTT DIRECTOR 1.00 X 0 0 0 LEAH SELIG DIRECTOR 1.00 X 0 0 0 MICHAEL SJUGGERUD DIRECTOR 1.00 X 0 0 0 FORREST SMALLEY DIRECTOR 1.00 X 0 0 0 CURT SMITH 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 BILLY SPECHT DIRECTOR 1.00 X 0 0 0 NATASHA CARTAGENA SPENCER DIRECTOR 1.00 X 0 0 0 JASON C STANLEY DIRECTOR 1.00 X 0 0 0 TODD J STARKEY DIRECTOR 1.00 X 0 0 0 LINDA STOUT DIRECTOR 1.00 X 0 0 0 SEAN STRADTNER DIRECTOR 1.00 X 0 0 0 MATTHEW SUSIN DIRECTOR 1.00 X 0 0 0 STEPHEN C THOMAS DIRECTOR 1.00 X 0 0 0 JOHN TICE DIRECTOR 1.00 X 0 0 0 EMMANUEL TORMES DIRECTOR 1.00 X 0 0 0 TODD TWACHTMANN DIRECTOR 1.00 X 0 0 0 AMANDA TYNAN DIRECTOR 1.00 X 0 0 0 MATTHEW VAZQUEZ DIRECTOR 1.00 X 0 0 0 DAVID J VOLK DIRECTOR 1.00 X 0 0 0 ABRAM WALTON DIRECTOR 1.00 X 0 0 0 KEN WELSH 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 MICHAEL WILLIAMS DIRECTOR 1.00 X 0 0 0 PETER D WOODS DIRECTOR 1.00 X 0 0 0 LYNDA WEATHERMAN PRESIDENT & CEO 45.00 X 284661 0 57485 GREGORY WEINER SENIOR DIRECTOR BUSINESS DEVELOPMENT 45.00 X 113025 0 33689 TRUDY MCCARTHY SENIOR DIRECTOR OF MARKETING AND STRATEGIC INITIAT 45.00 X 115810 0 46503 513496 0 137677 3 0 1 0 0 489000 1915412 2404412 MEETINGS AND FUNCTIONS 900099 55435 55435 PUBLICATIONS & STUDIES 900099 42270 42270 PROGRAM SPONSORSHIPS 900099 19845 19845 117550 4212 4212 MISCELLANEOUS INCOME 900099 1229 1229 1229 2527403 117550 0 5441 659398 561874 68570 119618 71038 1755 17250 39482 112568 26674 49208 126981 4575 46305 4472 4624 EXPENSES UNDER GRANTS 409441 BAD DEBT EXPENSE 23750 EDUCATION & TRAINING 10701 ASSOCIATION DUES 4039 8781 2371104 125373 211712 2221159 2244554 61341 67436 98722 125125 3277 9616 137738 96246 45964 41492 10128 10128 2565964 2710063 146924 156284 1200755 1179195 1347679 1335479 X 1218285 1374584 1218285 1374584 2565964 2710063 156299 0 X 0 1 X 1 0 0 1 0 34987 4665 30322 76902 65732 11170 25849 25849 0 41492 X 2556501 29098 29098 2527403 0 2527403 2400202 29098 29098 2371104 0 2371104 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. X X X X 0 0 0 LYNDA WEATHERMAN PRESIDENT & CEO 225861 0 48000 0 10800 0 35694 0 21791 0 342146 0 0 0 TRUDY MCCARTHY SENIOR DIRECTOR OF MARKETING AND STR 115269 0 541 0 0 0 18456 0 28047 0 162313 0 0 0 BRANDT RONAT & COMPANY ENTITY MORE THAN 35% OWNED BY BOARD MEMBER LINDA BRANDT 58693 $45,218 MARKETING DESIGN AND STRATEGEY SERVICES, WEBSITE DESIGN, MEDIA PLACEMENT. $13,475 DIRECT MEDIA BUYS 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. GOVERNING DOCUMENTS, CORPORATE POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AT THE EDC'S OFFICE. 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 2018). 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.