Strada Education Foundation Inc.

“Persons listed in part vii may have a "business relationship" with each other by virtue of sitting on related strada education network, inc. Boards or by virtue of their employment with related strada education network, inc. Entities.”

“Effective may 17, 2016, strada education network, inc. Amended its certificate of incorporation. The significant changes are as follows: 1) roadtripnation.org, ltd. Was added as a supported organization during the tax year; and 2) strada education network, inc. Became the sole member of roadtripnation.org, ltd.”

“As a delaware non-profit organization, this corporation has individuals as its members that serve as its board of trustees.”

“Once the form 990 is prepared by the company, with assistance from the external tax accounting firm, the form and all applicable schedules are provided to the audit committee of the board of trustees for review. After the audit committee has completed their review, the form and all applicable schedules are provided to the full board in advance of the form being filed with the irs, allowing time for review and comment by the full board.”

“Annually, a conflict of interest and disclosure questionnaire is required to be completed by all employee. The purpose of the questionnaire is to solicit information about relationships that may constitute a potential conflict of interest. Each member of the board of trustees signs an annual conflict of interest disclosure statement that discloses actual or potential conflicts of interest as set forth in the approved conflict of interest policy for trustees. The disclosure statements are reviewed by the governance committee of the board of trustees. When any such conflict of interest is relevant to a matter requiring action by the board of trustees or any committee, the interested person shall call it to the attention of the chair of the committee, and such person shall not vote on the matter. Moreover, the person having the conflict shall leave the room in which the meeting is held and not participate in the final deliberations or decisions regarding the matter under consideration. A board member shall advise the chair of the governance committee and the corporate secretary in writing of any potential conflicts of interest which arise after signing the conflict of interest disclosure statement.”

“Compensation determinations of strada education network, inc.'s ceo and the other officers for calendar year 2015 were made by a compensation committee of the board of trustees of united student aid funds, inc., a related tax-exempt organization, whose members have no conflict of interest within the meaning of treas reg 53.4958-6(c)(1)(iii). The compensation committee establishes the compensation philosophy, and with comparability data provided by an independent compensation consultant, annually evaluates the performace of the ceo and all other officers, and determines in advance the reasonableness of compensation paid to and benefits provided to such individuals. As part of the annual performance evaluation, the compensation committee solicits the views of the chairs of the other board committees. The determinations made and the basis of such determinations are reported to the full board of trustees.”

“The organization makes any document open to public inspection available upon request.”

“Consulting fees: program service expenses 4,542,098. Management and general expenses 1,222,636. Fundraising expenses 0. Total expenses 5,764,734. Service bureau fees: program service expenses 0. Management and general expenses 75,861. Fundraising expenses 0. Total expenses 75,861. Employment agency fees: program service expenses 0. Management and general expenses 639. Fundraising expenses 0. Total expenses 639. Miscellaneous professional fees: program service expenses 250,723. Management and general expenses 892,458. Fundraising expenses 0. Total expenses 1,143,181.”

“Transfer of net assets from united student aid funds, inc. 345,000,000. Transfer of net assets to education at work, inc. -2,600,000. Transfer of net assets to roadtripnation.org, ltd. -700,000. Net actuarial gain related to employee benefits plans 314,308.”