Act Foundation

“Some officers and directors have business relationships to the extent that they serve together on the boards of or are employed by related entities: (1) jon s. Whitmore and thomas j. Goedken are directors of act international b.v. (2) jon s. Whitmore and thomas j. Goedken are directors of act education solutions ltd (hong kong). (3) jon s. Whitmore and thomas j. Goedken are directors of act education solutions (australia) pty ltd. (4) jon s. Whitmore and thomas j. Goedken are directors of act information consulting (shanghai) co ltd. (5) jon s. Whitmore and thomas j. Goedken are directors of act business solutions b.v. (6) jon s. Whitmore and thomas j. Goedken are officers and/or directors of act, inc. Which employs sara netolicky and bryan maach. (7) walter bumphus is a director of act, inc. Which employs jon s. Whitmore, thomas j. Goedken, sara netolicky, and bryan maach.”

“Significant changes to the governing documents are as follows: (1) previously, the governing documents provided that each director shall hold office until a successor was elected. The amended and restated governing documents now provide that each director is to hold office for a term of two years for a maximum of three terms held. The executive director and chief executive officer are not subject to these limitations. (2) officer roles were changed from president, vice president(s), secretary, and treasurer to executive director, secretary, and treasurer.”

“All directors are appointed by the board of directors of act, inc., the supported organization.”

“Changes to the bylaws must be approved by both the board of directors of the filing organization and the board of directors of act, inc., the supported organization.”

“The board of directors conducts a substantive review of the form 990 prior to its filing with the assistance of the outside tax preparer and act, inc. Counsel. The final version of the form 990 is provided to all members of the board of directors before it is filed with the irs.”

“Conflicts of interest for both act foundation and act, inc. Are monitored by act, inc.'s ethics advisory committee and/or the executive committee of the act, inc. Board of directors. Members of the ethics advisory committee review conflict of interest questionnaires submitted by employees and are responsible for seeing that conflicts of interest are investigated and appropriately addressed. The ethics advisory committee reports directly to the audit committee of act inc.'s board of directors. Conflict of interest questionnaires submitted by directors and officers are reviewed and addressed by the executive committee of the act, inc. Board of directors.”

“Compensation of the executive director is determined by the board based upon a process that includes review and approval by independent members of the board and an independent compensation study conducted by a professional firm that includes review of compensation published by similar organizations contained in form 990. Except for the executive director, no other officers or directors were compensated for services provided to act foundation. Compensation from a related organization reported for some officers and directors is for services provided to act, inc., the supported organization, which follows similar procedures in setting compensation for its officers and directors.”

“Act foundation does not make its governing documents, conflict of interest policy, and financial statement available to the public.”

“Consulting fees: program service expenses 1,291,498. Management and general expenses 13,876. Fundraising expenses 0. Total expenses 1,305,374. Other services & fees: program service expenses 1,291,498. Management and general expenses 13,876. Fundraising expenses 0. Total expenses 1,305,374. Honoraria: program service expenses 182,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 182,000. Other data processing: program service expenses 96. Management and general expenses 1,953. Fundraising expenses 0. Total expenses 2,049.”