2025-09-14T04:57:22-05:00 2024-12-31 390758449 WIPFLI LLP 43 CONSTITUTION DRIVE SUITE 100 BEDFORD NH 03110 990 2024-01-01 824508477 CENTER ON RURAL INNOVATION INC CENT 8024364100 PO BOX 392 HARTLAND VT 05048 ROBIN KILFEATHER-MACKEY DIRECTOR OF FINANCE & OPS 8024364100 2025-09-03 1 1 LANCE R TURGEON P00627708 6036273838 2025-09-03 2024 2025-03-06 01:10:19Z ROBIN KILFEATHER-MACKEY PO BOX 392 HARTLAND VT 05048 4865355 0 X HTTPS://RURALINNOVATION.US X 2018 VT CREATING OPPORTUNITIES THAT EMPOWER RURAL PEOPLE TO THRIVE IN THE TECH ECONOMY. 7 7 19 7 0 0 5592922 4235058 391061 590973 58697 39324 1000 0 6043680 4865355 0 0 0 0 1104497 1493141 0 0 437024 4137884 4212754 5242381 5705895 801299 -840540 3517433 2092314 1606292 1021713 1911141 1070601 X CREATING OPPORTUNITIES THAT EMPOWER RURAL PEOPLE TO THRIVE IN THE TECH ECONOMY. 0 0 1662226 0 86300 CORI'S RURAL INNOVATION NETWORK OFFERS RURAL LEADERS ACCESS TO A FIRST-OF-ITS KIND COMMUNITY OF PRACTICE WHERE THEY CAN COLLABORATE WITH PEERS ACROSS THE COUNTRY TO ADVANCE THEIR TECH ECONOMIES, CONNECT TO NATIONAL FUNDERS AND INVESTORS, AND LEVERAGE CURATED SOLUTIONS TO BUILD A RESILIENT ECONOMIC FUTURE FOR THEIR COMMUNITIES. 750241 0 177404 CORI IS SHIFTING THE NARRATIVE ABOUT WHAT IS POSSIBLE IN SMALL TOWNS ACROSS THE U.S. WITH ORIGINAL RESEARCH AND STORYTELLING THAT OFFERS ACTIONABLE INSIGHTS, ANALYSIS, AND RECOMMENDATIONS ON ECONOMIC CHALLENGES AND OPPORTUNITIES FACING RURAL AMERICA. 1563655 0 322374 AS A CAPACITY-BUILDING ORGANIZATION, CORI HELPS CONNECT RURAL COMMUNITIES TO THE EXPERTISE, PROGRAMS, NATIONAL PARTNERSHIPS, AND INVESTMENT THAT CAN UNLOCK THEIR POTENTIAL FOR INNOVATION AND ECONOMIC RESILIENCE. 187810 0 4895 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. 187810 0 4895 4163932 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 1 1 0 0 0 0 1 1 0 0 0 1 15 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 VT X X ROBIN KILFEATHER-MACKEY DIRECTOR O 8024364100 PO BOX 392 HARTLAND VT 05048 X MATT DUNNE DIRECTOR, EXECUTIVE DIRECTOR, PRESIDENT 20.00 X X 0 0 0 LEE ROM DIRECTOR / CHAIR 3.00 X X 0 0 0 TOM SPERRY DIRECTOR / TREASURER 3.00 X X 0 0 0 DEBBIE ATUK DIRECTOR / SECRETARY 2.00 X X 0 0 0 PIRAYE BEIM DIRECTOR 3.00 X 0 0 0 JACOB MARTINEZ DIRECTOR 2.00 X 0 0 0 JACOB SMITH DIRECTOR 2.00 X 0 0 0 ADAM QUINN TERMED 10724 DIRECTOR 2.00 X 0 0 0 AMANDA WEINSTEIN DIRECTOR OF RESEARCH AND KNOWLEDGE 40.00 X 149215 0 9790 BREYANA RAY DIRECTOR OF RURAL INNOVATION NETWORK 40.00 X 136805 0 7092 KATE DUFFY DEVELOPMENT DIRECTOR 40.00 X 128789 0 24666 SHANIQUA CORLEY-MOORE HEAD OF TECH TALENT DEVELOPMENT 40.00 X 107001 0 27087 521810 0 68635 4 0 1 0 RURAL INNOVATION STRATEGIES INC PO BOX 202 HARTLAND VT 05048 CONSULTING - PROJECT WORK 3562022 1 621083 3613975 4235058 CONTRACT REVENUE 541900 506770 506770 MEMBER FEE 541900 77500 77500 SPEAKER FEE 541900 2562 2562 CORI BRANDED MERCHANDI 900099 172 172 3969 3969 590973 39324 39324 4865355 590973 0 39324 X 1245645 1005626 7954 232065 51840 41851 331 9658 98271 79336 627 18308 97385 78621 621 18143 1688 1688 24000 24000 3713398 2615637 951661 146100 47 47 37527 384 30385 6758 56821 2074 53421 1326 10054 10054 209741 201739 4703 3299 132584 118995 13566 23 6126 6126 EMPLOYEE TRAINING 7332 4639 2500 193 TAXES 221 200 21 13215 4729 7335 1151 5705895 4163932 1104939 437024 1168279 373697 284111 271260 146228 98339 62077 145903 5 5 1856733 1203110 3517433 2092314 46887 89397 22422 1559405 909894 1606292 1021713 X 1544766 920601 366375 150000 1911141 1070601 3517433 2092314 -840540 0 X X 0 1 X 1 0 X 3738116 1808408 3225473 5592922 4235058 18599977 3738116 1808408 3225473 5592922 4235058 18599977 10143967 8456010 618 2927 6018 58697 39324 107584 1072 23236 1000 25308 18732869 1370638 0.45140 0.43240 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RESTRICTED CASH 905351 DUE FROM RELATED PARTIES 297759 1203110 REFUNDABLE ADVANCES 905351 DUE TO RELATED PARTY 4543 909894 X PART X, LINE 2: 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, 2024, THE ORGANIZATION DID NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 0 0 AMANDA WEINSTEIN DIRECTOR OF RESEARCH AND KNOWLEDGE 149215 0 0 0 0 0 7469 0 2321 0 159005 0 0 0 KATE DUFFY DEVELOPMENT DIRECTOR 128789 0 0 0 0 0 6877 0 17789 0 153455 0 0 0 PART I, LINE 3 EXECUTIVE DIRECTOR SALARY IS PERIODICALLY ASSESSED USING A COMBINATION OF CANDID'S GUIDESTAR AND SALARY.COM FOR BENCHMARKING ED COMPENSATION. ED'S COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS THROUGH THE RISI / CORI ICA AGREEMENT. MATT DUNNE DIRECTOR OF CORI AND RISI 3629085 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 $128,265 REMAINS OUTSTANDING AS A PREPAID EXPENSE. TOTAL NET CONTRACTED EXPENSE ON THE ACCRUAL BASIS WAS $3,562,022. 0 X EQUIPMENT 8 27176 FAIR MARKET VALUE 0 1 0 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 15 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 2,522,516. MANAGEMENT AND GENERAL EXPENSES 896,406. FUNDRAISING EXPENSES 143,100. TOTAL EXPENSES 3,562,022. OTHER OUTSIDE CONTRACT LABOR: PROGRAM SERVICE EXPENSES 93,121. MANAGEMENT AND GENERAL EXPENSES 55,255. FUNDRAISING EXPENSES 3,000. TOTAL EXPENSES 151,376. PART XII LINE 2C WE HAVE NOT CHANGED THIS PROCESS FROM THE PRIOR YEAR. CORI INNOVATION FUND LLC 2 QUECHEE ROAD HARTLAND VT 05048 843845584 OPPORTUNITY ZONE INVESTMENT FUND VT CIF MANAGEMENT INC 3854196 1 1 0.00100 CORI INNOVATION FUND II LP 2 QUECHEE ROAD HARTLAND VT 05048 883221355 OPPORTUNITY ZONE INVESTMENT FUND VT CIF MANAGEMENT INC 2293709 1 1 0.00100 CIF MANAGEMENT INC 2 QUECHEE ROAD HARTLAND VT 05048 843831168 INVESTMENT FUND MANAGEMENT VT CENTER ON RURAL INNOVATION INC C 250092 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 RURAL INNOVATION STRATEGIES INC P 3562022 FMV RURAL INNOVATION STRATEGIES INC L 112231 FMV