2024-08-12T11:13:05-05:00 2023-09-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 900 ORLANDO FL 32801 990 2022-10-01 592946685 ECONOMIC DEVELOPMENT COMMISSION OF FLORIDA'S SPACE COAST INC ECON 3216382000 6525 3RD STREET 304 ROCKLEDGE FL 32955 LYNDA WEATHERMAN PRESIDENT & CEO 3216382000 2024-07-26 1 0 AMY CHAPMAN P00843460 4078021200 2024-07-16 2022 2024-08-08 14:25:15Z LYNDA WEATHERMAN 6525 3RD STREET 304 ROCKLEDGE FL 32955 3323903 0 X WWW.SPACECOASTEDC.ORG X 1989 FL TO PROMOTE AND FOSTER ECONOMIC AND INDUSTRIAL DEVELOPMENT IN BREVARD COUNTY, FLORIDA. 152 152 12 200 0 0 2791412 3174753 104496 113111 215 36039 38649 0 2934772 3323903 75 127805 0 0 1416191 1382299 0 0 0 1000525 1163928 2416791 2674032 517981 649871 2899084 3777271 642093 886359 2256991 2890912 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. 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 61 BUSINESS PROJECTS AND 102 CLIENT LEADS. THE SPACE COAST IS RANKED AS THE #7 BEST JOB GROWTH IN THE U.S. 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 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 12 1 0 0 0 0 1 1 0 0 0 0 0 X 152 152 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 304 ROCKLEDGE FL 32955 LYNDA WEATERHMAN PRESIDENT 45.00 X 365140 0 58026 TRUDY MCCARTHY AS OF 1022 EXECUTIVE VICE PRESIDENT 45.00 X 153112 0 38863 EDGAR CAMPA-PALAFOX VICE PRESIDENT, BUSINESS DEV. 45.00 X 107408 0 23844 KIRK HALL CHAIR 2.00 X X 0 0 0 TRAVIS PROCTOR CHAIR-ELECT 2.00 X X 0 0 0 BART GAETJENS PAST CHAIR 1.00 X X 0 0 0 LINDA STOUT TREASURER 1.00 X X 0 0 0 TODD POKRYWA SECRETARY 1.00 X X 0 0 0 GREG AKERS DIRECTOR (THRU 09/23) 1.00 X 0 0 0 JASON ALFORD DIRECTOR 1.00 X 0 0 0 LUTHER ANDAL DIRECTOR (THRU 09/23) 1.00 X 0 0 0 TIM ANTONITION DIRECTOR 1.00 X 0 0 0 RAUL AVILES DIRECTOR 1.00 X 0 0 0 KRISTIN BAKKE DIRECTOR 1.00 X 0 0 0 BRIAN BALUTA DIRECTOR 1.00 X 0 0 0 JIM BARFIELD DIRECTOR (THRU 12/22) 1.00 X 0 0 0 COURTNEY BARKER DIRECTOR 1.00 X 0 0 0 COURTNEY BARNARD DIRECTOR 1.00 X 0 0 0 KEVIN BARRY DIRECTOR 1.00 X 0 0 0 NANCY BARTLETT DIRECTOR 1.00 X 0 0 0 KIM BELARDINELLI DIRECTOR 1.00 X 0 0 0 ALAN BERNSTEIN DIRECTOR (THRU 01/23) 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 MATT BRANDT DIRECTOR 1.00 X 0 0 0 SCOTT BRAZDO DIRECTOR (THRU 01/23) 1.00 X 0 0 0 DREW BREZNITSKY DIRECTOR (THRU 02/23) 1.00 X 0 0 0 JIM BRITTON DIRECTOR (THRU 06/23) 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 (THRU 02/23) 1.00 X 0 0 0 KAT BUTLER DIRECTOR 1.00 X 0 0 0 HOLLY CARVER DIRECTOR 1.00 X 0 0 0 VIRGINIA CEARRA DIRECTOR 1.00 X 0 0 0 MICHAEL CEROW DIRECTOR 1.00 X 0 0 0 JORDIN CHANDLER DIRECTOR 1.00 X 0 0 0 LAURA CHIESMAN DIRECTOR 1.00 X 0 0 0 WILLIAM CHIVERS DIRECTOR 1.00 X 0 0 0 ROZ CLARK DIRECTOR 1.00 X 0 0 0 JAY COCHRAN DIRECTOR 1.00 X 0 0 0 JUSTYN COLE DIRECTOR (THRU 12/22) 1.00 X 0 0 0 ANNE CONROY-BAITER DIRECTOR 1.00 X 0 0 0 ERIK COSTIN DIRECTOR (THRU 03/23) 1.00 X 0 0 0 CAROL CRAIG DIRECTOR 1.00 X 0 0 0 PETER CRANIS DIRECTOR 1.00 X 0 0 0 KEVIN DAUGHERTY DIRECTOR 1.00 X 0 0 0 CRAIG DAY DIRECTOR 1.00 X 0 0 0 FRANK DIBELLO DIRECTOR (THRU 08/23) 1.00 X 0 0 0 DOUG DOMBROSKI 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 ANDREA FARMER DIRECTOR 1.00 X 0 0 0 SEAN FARRELL DIRECTOR 1.00 X 0 0 0 SCOTT FENNELL DIRECTOR (THRU 08/23) 1.00 X 0 0 0 PETER FILIBERTO DIRECTOR (THRU 02/23) 1.00 X 0 0 0 ROBIN FISHER DIRECTOR 1.00 X 0 0 0 RANDY FLETCHER DIRECTOR 1.00 X 0 0 0 JAMES D FLINT DIRECTOR (THRU 09/23) 1.00 X 0 0 0 AL FORBES DIRECTOR (THRU 03/23 1.00 X 0 0 0 CHUCK FORTIER DIRECTOR 1.00 X 0 0 0 PAMELA FURR DIRECTOR (THRU 05/23) 1.00 X 0 0 0 JOSIAH GATTLE DIRECTOR 1.00 X 0 0 0 KEVIN GHOLSTON DIRECTOR (THRU 01/23) 1.00 X 0 0 0 LORI GILLETTE DIRECTOR (THRU 05/23) 1.00 X 0 0 0 JENNIFER GLASS DIRECTOR 1.00 X 0 0 0 MICHELE GOODWIN DIRECTOR 1.00 X 0 0 0 GREGORY GRAMMENOS DIRECTOR (THRU 01/23) 1.00 X 0 0 0 KEN GREGG DIRECTOR (THRU 06/23) 1.00 X 0 0 0 LLOYD GREGG DIRECTOR 1.00 X 0 0 0 RICH GREY DIRECTOR (THRU 05/23) 1.00 X 0 0 0 BILL GUYAN DIRECTOR 1.00 X 0 0 0 CHERYL M HARDY DIRECTOR 1.00 X 0 0 0 GAIL HART DIRECTOR 1.00 X 0 0 0 CLINTON HATCHER 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 TOM C HERMANSEN DIRECTOR 1.00 X 0 0 0 DANIEL J HICKEY DIRECTOR 1.00 X 0 0 0 SHALARIE HIGHSMITH DIRECTOR (THRU 02/23) 1.00 X 0 0 0 GORDY HOUSER DIRECTOR 1.00 X 0 0 0 ELIZABETH HUY DIRECTOR (THRU 06/23) 1.00 X 0 0 0 JENNIFER JENKINS DIRECTOR 1.00 X 0 0 0 RYAN JESENIK DIRECTOR (THRU 03/23) 1.00 X 0 0 0 ERIC JIMENEZ DIRECTOR 1.00 X 0 0 0 WILLIAM JOHNSON DIRECTOR 1.00 X 0 0 0 CLAUDIA H JONES DIRECTOR 1.00 X 0 0 0 COLEY JONES DIRECTOR (THRU 06/23) 1.00 X 0 0 0 COOPER JONES DIRECTOR 1.00 X 0 0 0 DAVID JONES DIRECTOR 1.00 X 0 0 0 EDGAR JONES DIRECTOR (THRU 07/23) 1.00 X 0 0 0 TERI JONES DIRECTOR 1.00 X 0 0 0 VICTORIA JONES DIRECTOR 1.00 X 0 0 0 DAN KELLEY DIRECTOR 1.00 X 0 0 0 LORNA KENNA DIRECTOR 1.00 X 0 0 0 ANDREW KENNELLY DIRECTOR (THRU 05/23) 1.00 X 0 0 0 DANA KILBORNE DIRECTOR 1.00 X 0 0 0 ROBERT D KODSI 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 DANIEL LAMORTE DIRECTOR 1.00 X 0 0 0 MICHAEL LAPIDUS DIRECTOR (THRU 01/23) 1.00 X 0 0 0 MICA LAYNE DIRECTOR 1.00 X 0 0 0 CHRISTIE LEE DIRECTOR 1.00 X 0 0 0 MEGAN LOOBY DIRECTOR (THRU 09/23) 1.00 X 0 0 0 ANGELINA LORENZINI 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 (THRU 05/23) 1.00 X 0 0 0 LESLEY-ANNE MARKS DIRECTOR (THRU 10/22) 1.00 X 0 0 0 MISTY MAROT DIRECTOR 1.00 X 0 0 0 MARITZA MARTINEZ-GUERRERO DIRECTOR (THRU 09/23) 1.00 X 0 0 0 LAURA MAXWELL DIRECTOR 1.00 X 0 0 0 DAWN MAYS DIRECTOR 1.00 X 0 0 0 MELISSA MCGUIRE 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 ROB MEDINA DIRECTOR 1.00 X 0 0 0 MARK MERZ DIRECTOR 1.00 X 0 0 0 BRETT MILLER DIRECTOR (THRU 05/23) 1.00 X 0 0 0 ELIZABETH MILLER DIRECTOR (THRU 09/23) 1.00 X 0 0 0 BRIAN A MILLS DIRECTOR 1.00 X 0 0 0 LORY MILTON DIRECTOR 1.00 X 0 0 0 STEVE MOGA DIRECTOR 1.00 X 0 0 0 JESSICA MOORE DIRECTOR (THRU 03/23) 1.00 X 0 0 0 INGRID MORALES DIRECTOR 1.00 X 0 0 0 TODD MORLEY DIRECTOR 1.00 X 0 0 0 MARK MULLINS DIRECTOR (THRU 12/22) 1.00 X 0 0 0 MARCI MURPHY DIRECTOR 1.00 X 0 0 0 MICHELE MURRELL DIRECTOR 1.00 X 0 0 0 JO LYNN NELSON DIRECTOR 1.00 X 0 0 0 CHRISTINE NOLL-RHAN DIRECTOR (THRU 02/23) 1.00 X 0 0 0 DEAN M ONEILL DIRECTOR 1.00 X 0 0 0 JANET D OWEN DIRECTOR 1.00 X 0 0 0 CARON PARTRIDGE DIRECTOR 1.00 X 0 0 0 CHELSEA PARTRIDGE DIRECTOR (THRU 02/23) 1.00 X 0 0 0 MATT PASSARELLA DIRECTOR 1.00 X 0 0 0 CHRISTOPHER J PAVEY DIRECTOR (THRU 08/23) 1.00 X 0 0 0 JANET PETRO DIRECTOR 1.00 X 0 0 0 SCOTT PFEILER DIRECTOR (THRU 03/23) 1.00 X 0 0 0 DANIEL PIERRON DIRECTOR 1.00 X 0 0 0 DAN POLLOCK DIRECTOR 1.00 X 0 0 0 RITA PRITCHETT DIRECTOR (THRU 07/23) 1.00 X 0 0 0 THERRIN PROTZE DIRECTOR 1.00 X 0 0 0 GARY P PRUS DIRECTOR (THRU 12/22) 1.00 X 0 0 0 RICHARD P PRUSS DIRECTOR 1.00 X 0 0 0 ROBERT RAINS DIRECTOR (THRU 11/22) 1.00 X 0 0 0 RON RAWSON DIRECTOR (THRU 11/22) 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 (THRU 03/23) 1.00 X 0 0 0 VALIA RICH DIRECTOR (AS OF 01.23) 1.00 X 0 0 0 MICHELLE RIEGNER DIRECTOR 1.00 X 0 0 0 HECTOR RIVERA DIRECTOR 1.00 X 0 0 0 BRIENNE ROBERTSON DIRECTOR 1.00 X 0 0 0 JEFFERY T ROBISON DIRECTOR 1.00 X 0 0 0 JACQUELINE VALDES MSN ARNP RODRIGUE DIRECTOR 1.00 X 0 0 0 ANTHONY M ROMERO 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 LINDSEY RUSCHAK 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 SUE SCHMITT DIRECTOR 1.00 X 0 0 0 LEAH SELIG DIRECTOR (THRU 12/22) 1.00 X 0 0 0 NATALIE SELLERS DIRECTOR 1.00 X 0 0 0 SUMMIT SHAH DIRECTOR 1.00 X 0 0 0 SARA SHELL DIRECTOR 1.00 X 0 0 0 FORREST SMALLEY DIRECTOR 1.00 X 0 0 0 DAVID SMITH DIRECTOR (THRU 03/23) 1.00 X 0 0 0 PAUL SOHL DIRECTOR 1.00 X 0 0 0 MIKE SOLER DIRECTOR (THRU 10/22) 1.00 X 0 0 0 ROB SOLITO DIRECTOR (THRU 09/23) 1.00 X 0 0 0 CHRIS SORENSEN DIRECTOR 1.00 X 0 0 0 NATASHA SPENCER DIRECTOR 1.00 X 0 0 0 KELLI STARGEL DIRECTOR 1.00 X 0 0 0 JASON STEELE DIRECTOR 1.00 X 0 0 0 SARAH STOECKEL DIRECTOR 1.00 X 0 0 0 TRACY K STRODERD DIRECTOR 1.00 X 0 0 0 JENNIFER SUGARMAN DIRECTOR 1.00 X 0 0 0 RICHARD D SUTTER DIRECTOR 1.00 X 0 0 0 LINDSEY SWINDLE DIRECTOR 1.00 X 0 0 0 AL TAYLOR DIRECTOR (THRU 12/22) 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 (THRU 09/23) 1.00 X 0 0 0 DAVID J VOLK DIRECTOR 1.00 X 0 0 0 DAVID WALLACE DIRECTOR 1.00 X 0 0 0 KATE WALLACE DIRECTOR 1.00 X 0 0 0 ABRAM WALTON DIRECTOR 1.00 X 0 0 0 BRADLEY WHITE DIRECTOR 1.00 X 0 0 0 LISA WILDER DIRECTOR (THRU 10/22) 1.00 X 0 0 0 MICHAEL JR WILLIAMS DIRECTOR 1.00 X 0 0 0 ELLEN WINTER DIRECTOR (THRU 08/23) 1.00 X 0 0 0 PETER D WOODS DIRECTOR 1.00 X 0 0 0 MARK WOOTEN DIRECTOR 1.00 X 0 0 0 KRISTINE ZONKA DIRECTOR (THRU 03/23) 1.00 X 0 0 0 625660 0 120733 3 0 1 0 0 1019500 2155253 3174753 MEETINGS AND FUNCTIONS 900099 71861 71861 PROGRAM SPONSORSHIPS 900099 41250 41250 113111 36039 36039 3323903 113111 0 36039 127805 456039 670696 80678 111796 63090 2135 65284 45497 67725 25777 52455 147373 11076 165495 9871 EXPENSES UNDER GRANTS 539375 EDUCATION & TRAINING 31742 BUSINESS LICENSE AND FE 123 2674032 1267610 2479186 1008786 662789 64035 137638 464074 149638 40042 35177 104939 70402 44409 34537 10128 278306 2899084 3777271 186275 154928 455818 458425 0 273006 642093 886359 X 2256991 2890912 2256991 2890912 2899084 3777271 X 649871 -15950 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 34987 16327 18660 53027 37150 15877 16925 16925 0 34537 SECURITY DEPOSITS 10128 RIGHT OF USE ASSET NET OF A/D 268178 278306 LEASE LIABILITY'S 273006 273006 X 3331193 7290 7290 3323903 0 3323903 2697272 7290 15950 23240 2674032 0 2674032 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 15,950. 0 EASTERN FLORIDA STATE COLLEGE FOUNDATION 1519 CLEARLAKE RD COCOA FL 329226598 591747177 127605 0 GRANT FOR STUDENTS 1 0 X X X X 0 0 0 LYNDA WEATERHMAN PRESIDENT 329261 0 20000 0 15879 0 52001 0 6025 0 423166 0 0 0 TRUDY MCCARTHY AS OF 1022 EXECUTIVE VICE PRESIDENT 150112 0 3000 0 0 0 23700 0 15163 0 191975 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A 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 CHAIR 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 CHAIR OF THE BOARD OF THE EDC AND SHALL INCLUDE THE CURRENT CHAIR 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 2022). A PERFORMANCE QUESTIONNAIRE SHALL BE DISTRIBUTED TO THE EXECUTIVE COMMITTEE MEMBERS REQUESTING FEEDBACK REGARDING THE PRESIDENTS PERFORMANCE FOR THE YEAR. THE CHAIR PROVIDES A LETTER TO THE EDC WITH THE VOTING DECISION OF THE COMMITTEE MEMBERS AS A WHOLE ALONG WITH ANY MODIFICATIONS MADE TO THE COMPENSATION PACKAGE 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 -15,950.