Intermediaryed

“Some current and former officers, directors, and key employees have a business relationship with other current and former officers, directors, and key employees to the extent that they also serve together on the boards of other entities related to act, inc.: janet godwin, curt yedlik, shane king, lucas kuhlmann”

“Procedures for review of form 990 the audit committee of the corporation conducts a substantive review of the form 990 prior to its filing with the assistance of the corporation's interim chief financial officer, counsel, and staff. The final version of the form 990 is provided to all of the members of the corporation's board of directors before it is filed with the irs.”

“Act has created an ethics advisory committee. 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. In addition to questionnaires, the ethics committee utilizes an anonymous ethics hotline and conversations with team members to monitor ethics issues. They also work closely with act's human resources department to develop education and training programs for employees regarding the conflicts of interest policy and ethics issues. The ethics advisory committee reports directly to the audit committee of act's board of directors. Conflict of interest questionnaires submitted by directors or officers are reviewed and addressed by the audit committee.”

“Compensation of the ceo is determined based upon a process that includes contemporaneous documentation and a periodic independent compensation study conducted by a professional firm. Among other benchmarks, the study includes a review of compensation published by similar organizations contained in form 990. Compensation of the ceo is approved by the board based upon the recommendation of the compensation committee. Form 990, part vi, section b, line 15b: compensation of all other officers and key employees is established under act's compensation policy. The ceo approves the compensation for all other officers.”

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

“Per act policy, board members are expected to participate in four two-day board meetings, committee meetings that occur throughout the year, and at other times to discuss important and strategic matters pertaining to act. In exchange for their valuable time and service, act compensates the board with an annual amount that is prorated for meeting attendance and partial years of service. The chairman of the board and committee chairs, as well as board members who are requested to provide time other than for meeting attendance, receive additional compensation at a commensurate rate. In addition to serving as a voting member of the board of directors, janet godwin also serves as ceo of act. Compensation as ceo is disclosed on form 990, part vii, section a and schedule j. She receives no additional compensation for service as a member of the board of directors.”

“Hours listed for each individual are reported on a calendar year basis. Hours reported for employees represent recorded payroll hours. Actual hours worked may exceed the hours reported.”

“Act has state organizations that serve as advisory and advocacy groups to facilitate communications between act and the educational institutions and agencies that participate in act programs. These organizations are not separate legal entities, but do have organizing bylaws. The state organizations provide feedback to act on its programs as they relate to the information needs of individuals, schools, and agencies in the state. There are 630 representatives including educators, agency personnel, leaders of state associations, and workforce professionals who actively volunteer their time to serve in an advisory capacity by attending meetings with act regional and national office staff to provide input.”

“Computer processing-external: program service expenses 7,070,588. Management and general expenses 182,151. Fundraising expenses 0. Total expenses 7,252,739. Temporary labor: program service expenses 9,073,999. Management and general expenses 18,256. Fundraising expenses 0. Total expenses 9,092,255. Consulting fees: program service expenses 10,559,235. Management and general expenses 915,221. Fundraising expenses 0. Total expenses 11,474,456. Other services & fees: program service expenses 10,541,511. Management and general expenses 915,221. Fundraising expenses 0. Total expenses 11,456,732. Essay scoring: program service expenses 6,121,703. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,121,703. Computer programming - external: program service expenses 2,372,073. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,372,073. Other data processing: program service expenses 5,911,206. Management and general expenses 40,393. Fundraising expenses 0. Total expenses 5,951,599. Item development: program service expenses 1,204,866. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,204,866. Honoraria other: program service expenses 10,010. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,010. Distributor commissions: program service expenses 67,512. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,512. Intercompany service: program service expenses 364,312. Management and general expenses 0. Fundraising expenses 0. Total expenses 364,312.”

“(increase) in net assets - act international consolidated 423,384. (increase) in net assets - act assessment technologies consolidated 131,236,227. (decrease) in net assets - professional examination service -1,099,281. (decrease) in net assets - nrccua, llc -128,231,541. (increase) in net assets - act education assessment services 26,887. Income on equity investment 3,749,118. Net loss from eliminating entries -252,887. Sec. 337(b)(2) tax refund from target corporation 1,068,727. Adoption of asc 606 -4,558,629. Inter company capital contributions prior period adjustment -37. Passthrough income book-tax difference -7,191,298.”

“The organization's audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”