2024-07-31T10:22:11-05:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 753002561 ITC RURAL ECONOMIC DEVELOPMENT INC ITCR 6058742181 PO BOX 920 CLEAR LAKE SD 57226 SUSAN ROBBINS PRESIDENT 6058742181 2024-07-17 1 1 LAURIE HANSON CPA P00851848 6053391999 2024-07-13 2023 2024-08-08 14:25:15Z SUSAN ROBBINS PO BOX 920 CLEAR LAKE SD 57226 35972 0 X WWW.ITC-WEB.COM X 2001 SD PROVIDE LOW INTEREST LOANS TO ENHANCE VITALITY OF RURAL COMMUNITIES. 5 5 0 8 0 0 43211 0 65071 16694 4732 19278 0 0 113014 35972 0 0 0 0 0 0 0 0 0 13021 10673 13021 10673 99993 25299 1281995 1276105 222684 191495 1059311 1084610 INTENT - TO PROVIDE LOW INTEREST LOANS TO BUSINESSES AND COMMUNITIES FOR THE PURPOSE OF ADDING VALUE, EMPLOYMENT, AND RURAL COMMUNITY OPPORTUNITIES. PROPOSALS MAY INCLUDE HEALTHCARE, ENVIRONMENTAL, EDUCATIONAL, AND SAFETY-RELATED PROJECTS. 0 0 649 16694 ITC REDI HAD LOANS RECEIVABLE FROM A TOTAL OF 6 COMPANIES/INDIVIDUALS AS OF DECEMBER 31, 2023. THE LOANS WERE FOR ECONOMIC DEVELOPMENT IN RURAL COMMUNITIES AND TELECOMMUNICATIONS FOR RURAL DEVELOPMENT, JOB CREATION, AND IMPROVING RURAL INFRASTRUCTURE. 649 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 X AMY BJERKE 6058748351 PO BOX 920 CLEAR LAKE SD 57226 X SUSAN ROBBINS PRESIDENT 0.50 1.00 X X 0 0 0 G TODD GARRY VICE PRESIDENT 0.50 1.00 X X 0 0 0 WARREN BRANDLEE SECRETARY 0.50 1.00 X X 0 0 0 JOEL BRANDT TREASURER 0.50 1.00 X X 0 0 0 CONNIE SAWINSKY DIRECTOR 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 LOAN INTEREST 522291 15744 15744 NOTE ORIGINATION FEES 522291 750 750 APPLICATION FEES 522291 200 200 16694 19278 19278 35972 16694 0 19278 10024 10024 649 649 10673 649 10024 0 992543 996132 50000 0 239452 279973 1281995 1276105 1224 1059 221460 190436 222684 191495 X 729311 754610 330000 330000 1059311 1084610 1281995 1276105 25299 0 X 0 1 X 1 0 X 43211 43211 28627 27810 20863 65071 16694 159065 28627 27810 20863 108282 16694 202276 43211 43211 1096 2014 1000 1920 418 6448 1096 2014 1000 45131 418 49659 152617 7511 2021 834 4732 19278 34376 7511 2021 834 4732 19278 34376 36138 29831 21697 113014 35972 236652 0.64490 0.67890 0.14530 0.07050 X 0 EXEMPT-PURPOSE NOTES RECEIVABLE 279973 C 279973 X 39948 3976 3976 35972 0 35972 14649 3976 3976 10673 0 10673 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. THE ORGANIZATION WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD MEMBERS HAVE A BUSINESS RELATIONSHIP IN THAT THEY ARE ALL BOARD MEMBERS OF THE PARENT ORGANIZATION (INTERSTATE TELECOMMUNICATIONS COOPERATIVE, INC). FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES. FORM 990, PART VI, SECTION B, LINE 11B THE CEO/CFO OF THE PARENT ORGANIZATION WILL REVIEW THE FORM 990 IN DETAIL. AFTER THEIR REVIEW, THE RETURN WILL BE GIVEN TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C ITC HAS A POLICY THAT COVERS THE EMPLOYEES AND THE BOARD OF DIRECTORS. IF A CONFLICT EXISTS, IT IS DETERMINED AT MANAGEMENT OR BOARD LEVEL. THE BOARD REVIEWS ANY CONFLICTS. IF THERE IS A CONFLICT, A LOAN IS NOT MADE. FORM 990, PART VI, SECTION B, LINE 15 NO COMPENSATION IS PAID BY THIS ORGANIZATION. IT IS RUN BY VOLUNTEER BOARD MEMBERS WHO ALSO SERVE ON THE BOARD OF DIRECTORS OF THE PARENT ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST ADDITIONAL INFORMATION: THE ITC RURAL ECONOMIC DEVELOPMENT INC LOAN INFORMATION CAN BE ACCESSED ON THE WEB AT WWW.ITC-WEB.COM. - CLICK ON "ABOUT - COMMUNITY INVOLVEMENT" - CLICK ON "REDI LOAN FUND PROGRAM" INTERSTATE TELECOMMUNICATIONS COOPERATIVE INC PO BOX 920 CLEAR LAKE SD 57226 460398588 COMMUNICATIONS SD N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0