After School Matters Inc.

“The irs form 990 return is reviewed by management and sent to the audit committee of the board. The audit committee convenes by meeting or conference call to review the return, ask questions, and request corrections. At times, the review and approval is conducted by electronic consent in accordance with bylaw. Upon the audit committee's recommendation, management forwards the return to the managing directors, signs and mails the return to the irs and posts the return on the organization's website.”

“Directors, officers, and key employees complete an annual disclosure statement indicating any potential conflicts of interest. Potential conflicts are reviewed, monitored and evaluated by the audit committee.”

“The board's executive team reviews the ceo's goals and current compensation package together with compensation information from other similarly situated organizations and other market data. The ceo is not involved in these conversations or votes. For key employees and other officers, the ceo reviews comparable salaries at other non-profits to assist with determining compensation.”

“The conflict of interest policy, by-laws, irs determination letter and audited financial statements for the most recently completed fiscal year are available upon request in writing to after school matters 66 east randolph street, chicago, il 60601. The board of directors list and the most recent completed irs form 990 are available on the website at www.afterschoolmatters.org”

“After school matters issued 3,621 1099s in 2023. Approximately 3,558 of these 1099s were issued to teens who received awards/program stipends for participating in asm training programs. These teens are not employees or contractors of asm, however the cumulative amount of the awards/stipends received by the teens participating in multiple training programs was slightly more than the $600 1099 filing threshold.”

“After school matters reported 4,647 employees on its 2023 form w-3. This consisted of 4,451 part time instructors/interns who deliver after school matters' programs and 196 program support and administrative staff.”

“Payroll processing fees: program service expenses 209,648. Management and general expenses 12,301. Fundraising expenses 6,832. Total expenses 228,781. Community based organization contracts: program service expenses 2,048,086. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,048,086. Professional fees: program service expenses 157,701. Management and general expenses 158,055. Fundraising expenses 50,662. Total expenses 366,418. Professional development: program service expenses 23,582. Management and general expenses 6,944. Fundraising expenses 0. Total expenses 30,526. Background check services: program service expenses 129,817. Management and general expenses 0. Fundraising expenses 0. Total expenses 129,817. Program supplies & equipment fees: program service expenses 1,550,503. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,550,503. Visiting professionals: program service expenses 22,995. Management and general expenses 0. Fundraising expenses 0. Total expenses 22,995. Cbo administrative fees: program service expenses 138,759. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,759.”

“New market tax credit - wind down - loan forgiveness -4,211,000. Inter-company lease cancellation - straight-line adjustment 1,069,264. Rounding -3.”