Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 3 | TEDCO MERGED INTO SUNSHINE STATE ECONOMIC DEVELOPMENT CORPORATION ON OCT. 1, 2015 AND TEDCO WAS DISSOLVED. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTS AN INDIVIDUAL TO PERFORM ACCOUNTING AND FINANCIAL DUTIES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS ONE CLASS OF MEMBERSHIP. MEMBERS MUST MEET THE QUALIFICATION REQUIREMENTS IN ORDER TO HOLD OFFICE, VOTE AND SERVE. THE QUALIFICATION REQUIREMENT IS ANY INDIVIDUAL, BUSINESS CONCERNS OR COMMUNITY BASED ORGANIZATIONS WHO HAS EVIDENCED CONCERN AND INTEREST IN ITS PURPOSES AND HAS ALSO EVIDENCED CHARACTERISTICS OF LEADERSHIP AND DEDICATION TOWARDS STIMULATING THE ECONOMIC DEVELOPMENT OF ALL AREAS WITHIN THE STATE OF FLORIDA. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER IS ENTITLED TO A SINGLE VOTE AND TO ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | MEMBERS HAVE THE RIGHT TO APPROVE ALL CHANGES TO THE ORGANIZATION'S ARTICLES OF INCORPORATION AND BYLAWS. |
| FORM 990, PART VI, SECTION B, LINE 11 | THE PRESIDENT WILL PRESENT THE FORM 990 TO THE EXECUTIVE COMMITTEE FOR REVIEW BEFORE SUBMITTING. THE EXECUTIVE COMMITTEE IS MADE UP OF THE CHAIRPERSON, VICE CHAIRPERSON, TREASURER AND SECRETARY. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, AS IT RELATES TO THE GOVERNING BODY, IS DISCUSSED AT ORIENTATION FOR OFFICERS, DIRECTORS, MEMBERS AND PRESIDENT. THE PRESIDENT WILL SURVEY THE LEADERS FOR POTENTIAL CONFLICTS ON AN ANNUAL BASIS OR AT SUCH TIMES AS MAY BE NECESSARY TO ENFORCE THIS POLICY. |
| FORM 990, PART VI, SECTION B, LINE 15 | RAISES AND RETIREMENT (SEP) CONTRIBUTIONS ARE DISCUSSED AND APPROVED BY THE FULL BOARD. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | COMPANY MERGER: -3,694,075. SUNSHINE STATE ECONOMIC DEVELOPMENT CORPORATION ("SEDCO") AND TAMPA BAY ECONOMIC DEVELOPMENT CORPORATION ("TEDCO") MERGED ORGANIZATIONS EFFECTIVE OCTOBER 1, 2015 WITH SEDCO AS THE SURVIVING CORPORATE ENTITY. |
| GENERAL DISCLOSURE: | TEDCO AND SUNSHINE STATE ECONOMIC DEVELOPMENT CORPORATION ("SEDCO"), FORMERLY KNOWN AS "GULFCOAST BUSINESS FINANCE, INC.", MERGED ORGANIZATIONS EFFECTIVE OCTOBER 1, 2015 WITH SEDCO AS THE SURVIVING CORPORATE ENTITY. SEDCO IS ALSO A CDC ORGANIZATION AND PROVIDES SIMILAR SERVICES AS TEDCO. THE PURPOSE OF THE MERGER IS TO CONSOLIDATE THE PROCESSES OF THE MERGING ORGANIZATIONS, WHICH WILL RESULT IN A MORE EFFICIENT AND PRODUCTIVE 504 LOAN OPERATION, AS WELL AS OTHER LENDING PROGRAMS DIRECTED AT SMALL BUSINESS. |
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