Literacy Design Collaborative Inc.

“THE AUDIT HAD NOT YET BEEN COMPLETED AS OF THE ORGINAL DUE DATE OF THE ORGANIAZTION'S TAX RETURN. THE AUDIT WAS SUBSEQUENTLY COMPLETED AND, AN AMENDED RETURN IS NOW REQUIRED TO BE FILED TO AGREE THE TAX RETURN TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. THE FOLLOWING SECTIONS OF THE FORM AND THESE SCHEDULES WERE UPDATED: 1.FORM 990, PART I 2.FORM 990, PART III 3.FORM 990, PART IV 4.FORM 990, PART VIII 5.FORM 990, PART IX 6.FORM 990, PART X 7.FORM 990, PART XI 8.FORM 990, PART XII 9.SCHEDULES A, B, D AND O PART VI - GOVERNANCE, MANAGEMENT & DISCLOSURE SECTION A, LINE 1A: THE ORGANIZATION ESTABLISHED AN EXECUTIVE BOARD SUBCOMMITTEE THAT CAN ACT ON BEHALF OF THE GOVERNING BODY RELATING TO OVERSIGHT OF HUMAN RESOURCES, FINANCIAL MATTERS, AND SENIOR LEADERSHIP OF THE CORPORATION. SECTION B, LINE 11B: FORM 990 IS PROVIDED IN DRAFT TO ALL MEMBERS OF THE EXECUTIVE BOARD SUBCOMMITTEE WHO REVIEW AND COMMENT PRIOR TO FILING FORM 990. SECTION B, LINE 12C: THE ORGANIZATION REQUIRES EACH OF ITS OFFICERS AND DIRECTORS TO SIGN A CONFLICT-OF-INTEREST POLICY ANNUALLY. SECTION B, LINE 15A: AS REFLECTED IN THE NOVEMBER 14, 2014 BOARD MINUTES in APPROVING THE CEO/EXECUTIVE DIRECTOR'S baseline compensation, THE LDC BOARD (CHAD VIGNOLA RECUSING HIMSELF FROM DISCUSSION) and INDEPENDENT COMPENSATION RESEARCHER QUATT CONSIDERED the following factors "BASED ON INDEPENDENT RESEARCH AND IRS GUIDANCE" including: - MISSION/ORGANIZATION FOCUS: EDUCATION - TYPE OF ORGANIZATION: 501(C)(3) ORGANIZATIONS - PROGRAM AREAS: TECHNICAL ASSISTANCE, RESEARCH - SIZE & SCOPE OF THE ORGANIZATION: TYPICALLY DEFINED BY ANNUAL REVENUE, ANNUAL EXPENSES, AND STAFF SIZE - GEOGRAPHIC FOOTPRINT: DOES THE ORGANIZATION OPERATE NATIONALLY? DOES IT RECRUIT NATIONALLY FOR THE POSITION? WHERE IS THE ORGANIZATION LOCATED(MAJOR METROPOLITAN AREA, ETC.)? ADDITIONAL SPECIFIC FACTORS QUATT Relayed BASED ON SPECIFIC IRS GUIDANCE ALSO INCLUDED: - COMPENSATION PAID BY SIMILARLY SITUATED ORGANIZATIONS, TAXABLE AND NONTAXABLE, FOR FUNCTIONALLY COMPARABLE POSITIONS PREFERABLY FOR ORGANIZATIONS IN THE SAME COMMUNITY OR REGION - THE INDIVIDUAL'S PRIOR COMPENSATION HISTORY - THE INDIVIDUAL'S BACKGROUND, EDUCATION, TRAINING, EXPERIENCE, AND RESPONSIBILITIES The executive director's salary is reviewed every year along with consideration of bonuses. SECTION C, LINE 19: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.”

“Form 8868 - application for extension of time to file an exempt organization return was electronically filed.”

“Description:professional fees - instructio total fees:2652913”

“Description:payroll fees total fees:20876”