Reading and Math Inc

“The draft form 990, along with all applicable schedules, is provided to the board of directors for review prior to filing with the irs.”

“All employees are provided with a copy of the conflict of interest policy upon hire and required to report any potential conflicts that arise throughout their employment. Employees are provided with a copy of the conflict of interest policy annually (via annual distribution of updated financial policies). Reported conflicts are reviewed and reported to leadership.”

“Salaries are determined by a merit-based compensation plan which establishes market rate salary ranges comparable to similar positions at other organizations. The merit-based compensation plan reflects a compensation study conducted by an independent entity in 2022 that included market comparable data. The salaries of the managing director is determined based on their annual performance and placement within a market based compensation range. Performance and salary decisions for the managing director are determined by the independent directors that make up ampact's board of directors. Discussion and determination are reflected in the board meeting minutes.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“During the 2022-23 program year, two new programs were launched to address community needs. 1. Resettlement corps launched to meet the needs of refugees and evacuees resettling in minnesota. While serving with resettlement corps, americorps members support families as join their new community and work to achieve housing, employment and educational goals. In the program's first year, members supported 1,740 individuals. 2. Summer impact corps launched in may 2023 to help address critical needs in minnesota. Serving full-time for 12 weeks, members dedicated their summer to strengthening reading and math skills, supporting english language learners, working to promote climate resiliance and supporting individuals experiencing homelessness and housing insecurity. In the program's first year, 425 members served in communities across the state of minnesota.”

“No change in process from prior year.”

“The number of w2s filed by reading and math, inc each year includes the members who receive a living stipend. Members who receive a living stipend are not paid employees of the organization.”