2024-08-14T13:30:53-07:00 2023-09-30 204967223 Graves And Associates Cpas LLC 3702 West Truman Boulevard Suite 21 Jefferson City MO 65109 990 2022-10-01 430889695 RURAL MISSOURI INCORPORATED RURA 5736340560 3324 EMERALD LANE JEFFERSON CITY MO 65109 ZOLA FINCH Director 2024-08-14 true true C Lindsay Graves CPA P00779746 5738937700 X 2022 2024-08-08 14:25:15Z 3324 EMERALD LANE JEFFERSON CITY MO 65109 3116015 false X www.rmiinc.org RMI'S PURPOSE IS TO FURTHER PROMOTE THE ECONOMIC AND COMMERCIAL DEVELOPMENT OF STATES SITUATED IN THE MIDWESTERN UNITED STATES, PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS WITHIN RMI'S SERVICE AREA TO BENEFIT RESIDENTS OF THE MIDWESTERN STATES AS MEASURED BY INCREASED EMPLOYEMENT, PAYROLL, BUSINESS VOLUME, TAX BASE, AND CITIZEN RETENTION. 10 11 12 0 0 2893811 2815918 186557 292526 56347 7571 3136715 3116015 0 0 1611225 1669148 0 0 1227842 928128 2839067 2597276 297648 518739 9782627 10376576 386425 461635 9396202 9914941 RMI'S PURPOSE IS TO FURTHER PROMOTE THE ECONOMIC AND COMMERCIAL DEVELOPMENT OF STATES SITUATED IN THE MIDWESTERN UNITED STATES, PROMOTE AND ASSIST THE GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS WITHIN RMI'S SERVICE AREA TO BENEFIT RESIDENTS OF THE MIDWESTERN STATES AS MEASURED BY INCREASED EMPLOYEMENT, PAYROLL, BUSINESS VOLUME, TAX BASE, AND CITIZEN RETENTION. false false 2182283 During FY22, RMI APPROVED3 IRP loans totaling $573,500 During FY22, RMI FUNDED1 Intermediary Relending Program (IRP) loan totaling $225k1 Direct loan totaling $120k8 KS SBA 504 loans totaling $4.422M15 AR SBA 504 loans totaling $12.514M32 MO SBA 504 loans totaling $21.159M RMI created 633 jobs and retained 327 jobs. 2182283 true false false false false false false false false false true false false false false true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 2 0 true 12 true false false false false false false false 0 false false false false false false false false false false X 10 11 false false false false true true false true false false false false true true true true true true true false X ZOLA FINCH 5736340560 3324 EMERALD LANE JEFFERSON CITY MO 65109 ZOLA FINCH Executive Dir. 40.00 0.00 X 279515 0 25606 EILEEN JENNINGS Director 1.00 0.00 X 0 0 0 TIM HAGENHOFF Director 1.00 0.00 X 0 0 0 CRISSY SHUMARD Director 1.00 0.00 X 0 0 0 MICHAEL DENIGHT Director 1.00 0.00 X 0 0 0 JANE HOOD Director 1.00 0.00 X 0 0 0 JEFF SEIFRIED Director 1.00 0.00 X 0 0 0 GENE WISEMAN President 1.00 0.00 X 0 0 0 CHARLES HATCHEL Vice President 1.00 0.00 X 0 0 0 SHAYNA LANE SECR./TREAS. 1.00 0.00 X 0 0 0 MINDY MURRAY SENIOR LOAN OFFICE 40.00 0.00 0 0 0 LUCAS BERHORST PORTFOLIO MGR 40.00 0.00 0 0 0 WESLEY DARNELL PORTFOLIO MGR 40.00 0.00 0 0 0 279515 25606 1 false true false ANNETTE DARNELL 1600 ARBOUR LEBANON MO 65536 MARKETING/PACKAGING 0 0 RECOVERY OF CHARGED OFF L 2300 2300 SERVICE FEES 900099 2813618 2813618 2815918 292526 292526 0 0 0 0 0 0 0 MISCELLANEOUS 7571 7571 7571 3116015 2815918 300097 0 0 0 0 305121 198329 106792 0 1089428 993622 95806 74155 66914 7241 109117 98295 10822 91327 82194 9133 0 94913 75930 18983 34185 27348 6837 0 0 0 0 29035 23228 5807 73199 58559 14640 2545 2036 509 0 41621 33297 8324 41645 33316 8329 0 7396 5917 1479 2125 2125 0 45166 36133 9033 22993 18394 4599 SERVICING EXPENSES 431668 345334 86334 DUES AND SUBSCRIPTIONS 79743 63794 15949 SERVICE AGREEMENTS 15216 12173 3043 DONATIONS/SPONSORSHIPS 4860 3888 972 1818 1457 361 2597276 2182283 414993 0 0 5002195 4977600 0 11093 -2035 0 0 4206223 4815632 0 10021 963883 365990 563116 597893 0 0 0 0 -22535 9782627 10376576 173913 308422 212512 153213 386425 461635 X 9396202 9914941 9396202 9914941 9782627 10376576 518739 X false true X false false X 0 1974679 2392331 2817317 2719189 9903516 0 0 0 1974679 2392331 2817317 2719189 9903516 0 0 9903516 405945 399319 223216 250134 1278614 0 405945 399319 223216 250134 1278614 0 20109 33650 8003 26100 87862 2400733 2825300 3048536 2995423 11269992 X 0.00000 0.00000 315000 315000 489407 234482 254925 17951 3590 14361 141525 127918 13607 597893 X Part X : FIN48 Footnote RMI is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and the application of state law. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under that guidance, RMI may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. Examples of tax positions include the tax-exempt status of RMI and various positions related to the potential sources of unrelated business taxable income (UBIT). There were no unrecognized tax benefits identified for the years ended.RMI files Form 990. RMI is generally no longer subject to examination by the Internal Revenue Service three years after the forms were filed. false false false false false false false false false ZOLA FINCH Executive Dir. 279515 23226 2380 305121 Form 990, Part VI, Section A, Line 6 RMI has a volunteer membership of 46 individuals from lending institutions, businesses, community organizations and government economic development organizations. There is only one class of members. Form 990, Part VI, Section B, Line 11b No review was or will be conducted. Form 990, Part VI, Section B, Line 12c Each director, member, officer, and employee shall be provided with and asked to review a copy of the Conflict of Interest Policy and to acknowledge in writing that he or she has done so. Form 990, Part VI, Section B, Line 15b THE EXECUTIVE DIRECTOR (ED) PROVIDES A VERBAL PERFORMANCE REPORT TO THE DIRECTORS AT THE END OF THE FISCAL YEAR, INCLUDING, BUT NOT LIMITED TO, STAFF ACCOMPLISHMENTS AND PROBLEM AREAS, CHANGES IN STAFFING AND DUTIES, PROGRAM PERFORMANCE AND FISCAL RESULTS. THE ED RECOMMENDS A POOL FOR SALARY INCREASES AND ADJUSTMENT AND A BONUS POOL FOR STAFF. COMPARABLE PAY SCALES ARE PRESENTED, EITHER FROM FORMAL WAGE AND COMP STUDIES, SUCH AS THE BI-ANNUAL NADCO INDUSTRY STUDY, OR INTERNAL AND INFORMAL RESEARCH THROUGH DISCUSSIONS WITH EMPLOYERS IN THE AREA OR REVIEW OF OTHER ORGANIZATIONS' 990 TAX RETURN. THE BOARD OF DIRECTORS PROVIDES A POOL FOR SALARY ADJUSTMENTS AND BONUSES FOR THE ED TO DISTRIBUTE TO STAFF AT THE ED'S DISCRETION AND SETS THE ED'S COMPENSATION. Form 990, Part VI, Section C, Line 19 Public documents are available upon request.