National Council on Teacher Quality Inc

“The draft federal form 990 is reviewed by the president and treasurer and provided to the entire board before it is electronically filed with the internal revenue service.”

“Nctq complies with the internal revenue service's suggested best practices regarding conflict of interest policies applicable to nonprofit and charitable organizations. Under ntcq's conflict of interest policy, officers, directors and key employees are required to sign a conflict of interest disclosure statement annually. The signed disclosure statements are reviewed by and held by the president. The policy is signed by all board members and nctq's president and vice president. It defines areas of potential conflict. The board, a committee thereof, the president and all applicable supervisors have the responsibility to monitor all contracts and other potential conflicts and consider whether any conflicts may exist based upon the content of the signed disclosure statement and any additional knowledge of involved individuals. In cases where the board, a committee thereof, the president or a supervisor has reasonable cause to believe an individual has failed to comply with the policy, the individual would be provided an opportunity to explain the alleged violation. Violators are subject to disciplinary and corrective action.”

“Nctq's board of directors determines compensation for the president annually by monitoring trends in the market by reviewing compensation amounts for officers of organizations that are comparable in size to nctq. Once this study is performed, the board members go over the results at the next board meeting and make the final determination of their compensation at the meeting. President comp is reviewed and approved by the board annually. Staff comp is reviewed and approved by managers and nctq president annually.”

“Nctq makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“Research and writing: program service expenses 786,304. Management and general expenses 5,384. Fundraising expenses 4,761. Total expenses 796,449. Communications: program service expenses 6,300. Management and general expenses 675. Fundraising expenses 525. Total expenses 7,500. Graphic design: program service expenses 232,051. Management and general expenses 24,671. Fundraising expenses 19,189. Total expenses 275,911. Document request and collection: program service expenses 3,898. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,898. Dues and subscriptions: program service expenses 42,357. Management and general expenses 4,985. Fundraising expenses 3,521. Total expenses 50,863.”

“The process has not changed from the prior year.”