Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 11b: Form 990 Review Process | Prior to filing the tax return, the return is reviewed and approved by the board of directors. |
| Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts | Board members are required to disclose any conflicts related to any loan being reviewed on a loan by loan basis. Additionally, Enterprise Development Corporation follows the SBA's recommended and required conflict of interest policies. |
| Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management | The board recommends the salary for the Executive Director and Associate Director on an annual review basis, taking into consideration industry ranges for the region and portfolio size. |
| Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection | Enterprise Development Corporation makes its annual report and financial report available to the public upon request. |
| Form 990, Part VI, Line 19: Other Organization Documents Publicly Available | No documents available to the public. |
| Software ID: | 21013475 |
| Software Version: | 2021v4.1 |