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) thomas j. Goedken is an officer of act, inc. Which employs sara netolicky, bryan maach, james larimore, and marten roorda. (2) walter bumphus is a director of act, inc. Which employs thomas j. Goedken, sara netolicky, bryan maach, james larimore, and marten roorda. (3)marten roorda is an officer and a director of act,inc. Which employs thomas j. Goedken, sara netolicky, bryan maach, and james larimore. (4)sara netolicky is an officer of act, inc. Which employs thomas j. Goedken, bryan maach, james larimore, and marten roorda. (5)marten roorda and thomas j. Goedken are directors of act international b.v. (6)marten roorda and thomas j. Goedken are directors of act education solutions ltd (hong kong). (7)marten roorda and thomas j. Goedken are directors of act education solutions (australia) pty ltd. (8)marten roorda and thomas j. Goedken are directors of act information consulting (shanghai) co ltd. (9)marten roorda and thomas j. Goedken are directors of act business solutions b.v. (10)marten roorda and thomas j. Goedken are directors of act aspire, llc.”

“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.”

“Act foundation does not have any committees with authority to act on behalf of the governing body.”

“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 act inc.'s audit committee.”

“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 1,727,551. Management and general expenses 15,145. Fundraising expenses 0. Total expenses 1,742,696. Other services & fees: program service expenses 1,727,551. Management and general expenses 15,145. Fundraising expenses 0. Total expenses 1,742,696. Honoraria: program service expenses 22,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,000. Other data processing: program service expenses 272. Management and general expenses 920. Fundraising expenses 0. Total expenses 1,192. Program related projects: program service expenses 264,753. Management and general expenses 73,185. Fundraising expenses 0. Total expenses 337,938.”