Highscope Educational Research Foundation

“The 990 will be reviewed by the finance committee on behalf of the entire board of directors.”

“We have a written outside consulting and employment policy and conflict of interest & business ethics policy. Tdoke adhere to this and informs their superior of outside work. Executive team & hr monitors and approves this work.”

“The president's salary is reviewed and approved by the finance committee of the board. A compensation analysis is conducted by hr to determine the appropriate job grade and recommended salary. Executive team reviews and approves.”

“The organization does not make its governing documents, conflict of interest policy and financial statements available to the public upon request.”

“In march 2021, the organization received an additional $846,254 through the ppp, obtained through the consolidated appropriations act ("caa") which allowed for a second round of economic stimulus funding. Additionally, the organization has claimed an employee retention tax credit of $617,414 in 2021. Management believes that the organization has met the applicable criteria to claim the credit on the related employer payroll taxes and has elected to analogize to international accounting standards ("ias") 20 - accounting for government grants and disclosure of government assistance, recognizing the credit on a systematic basis over the period in which the related expenses were incurred. Accordingly, the company has recognized the amount as other income in 2021 statement of activities. The outstanding amount of the employee retention tax credit that has not been received is included as "employee retention tax credit" on the 2021 statement of financial position. Subsequently, in 2023, the organization collected approximately $382,000 of the outstanding employee retention tax credit.”

“Contracted services: program service expenses 976,670. Management and general expenses 515,220. Fundraising expenses 61,833. Total expenses 1,553,723. Other fees: program service expenses 11,626. Management and general expenses 0. Fundraising expenses 0. Total expenses 11,626.”

“Change in beneficial interest in charitable remainder trust 9,224. Other adjustments to net assets”

“The process for selecting and overseeing the work of the independent auditor has not changed from the prior year.”

“The 990 has been amended to adjust for changes to the financials after the 2021 audit was completed. Part viii, line 1e changed from 2,196,980 to 2,886,457; part viii, line 1h changed from 2,420,525 to 3,110,002; part viii, line 5 changed from 0 to 691,821; part viii, line 6a changed from 44,700 to 45,204; part viii, line 6c changed from 6,937 to 7,441; part viii, line 6d changed from 6,937 to 7,441; part viii, line 10a changed from 3,173,676 to 2,491,327; part viii, line 10b changed from 981,946 to 640,510; part viii, line 10c(a) & 10c(b) changed from 2,191,730 to 1,850,817; part viii, line 11a(a) & 11a(b) changed from 24,324 to 46,989; part viii, line 12(a) changed from 7,390,838 to 8,454,392; part viii, line 12(b) changed from 4,927,647 to 4,609,399; part viii, line 12(d) changed from 42,666 to 734,991; part ix, line 25b changed from 3,169,490 to 3,206,218; part ix, line 25c changed from 2,599,814 to 2,611,153; part ix, line 25d changed from 226,286 to 226,282; part x, line 3b changed from 486,729 to 534,192; part x, line 4b changed from 1,450,871 to 848,442; part x, line 8b changed from 563,346 to 486,474; part x, line 9b changed from 160,223 to 280,965; part x, line 10c(b) changed from 1,320,292 to 1,315,292; part x, line 11b changed from 1,665,191 to 1,665,193; part x, line 13b changed from 284,273 to 0; part x, line 14b changed from 101,545 to 0; part x, line 15b changed from 113,309 to 739,947; part x, line 17b changed from 643,124 to 764,294; part x, line 19b changed from 424,343 to 417,342; part x, line 27b changed from 5,179,932 to 4,367,948; part x, line 28b changed from 815,352 to 1,237,883; schedule d, part v, line 1e(b) changed from 150,000 to 106,000; schedule d, part v, line 1g(b) changed from 1,540,504 to 1,584,504; schedule d, part v, line 1a(a) changed from 1,540,504 to 1,584,504; schedule d, part v, line 1e(b) changed from 0 to 56,000; schedule d, part v, line 1g(a) changed from 1,627,373 to 1,615,373; schedule d, part vi, line 1d(b) changed from 909,177 to 903,177; schedule d, part vi, line 1d(c) changed from 815,062 to 814,063; schedule d, part vi, line 1d(d) changed from 94,115 to 89,115; schedule d, part ix, line 1b changed from 0 to 122,533; schedule d, part ix, line 2b changed from 0 to 617,414; schedule d, part xi, line 1 changed from 7,816,944 to 9,284,401; schedule d, part xi, line 2a changed from -518,210 to 159,141; schedule d, part xi, line 2d changed from 1,022,286 to 685,838; schedule d, part xii, line 1 changed from 6,999,005 to 6,705,297; schedule d, part xii, line 2b changed from -1,324 to 0; schedule d, part xii, line 2d changed from 1,019,709 to 676,614.”