Ace Mentor Program of America Inc.

“Changes to the by-laws were made during 2015. Changes to the by-laws include: -the ceo and legal counsel are ex officio members of the executive committee -the immediate past chair is a member of the executive committee -chairperson serves 2 year terms and can only serve two consecutive terms -the nominating committee's structure was updated to change the members elected and the authority of the committee.”

“Ace mentor program of america has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. Prior to filing, the 990 form is reviewed by the ace president/ceo and treasurer and distributed to the members of the audit committee for their review, as well. The form 990 is made available for review at one of ace's full board meetings during the year, but not ordinarily prior to the time the form is filed.”

“The conflict of interest policy is applicable to any director, principal officer, or member of a committee with governing board delegated powers. To ensure the corporation operates in a manner consistent with charitable purposes and does not engage in activities that could jeopardize its tax-exempt status, periodic reviews shall be conducted. The periodic reviews shall, at a minimum, include the following subjects: a. Whether compensation arrangements and benefits are reasonable, based on competent survey information and the result of arm's length bargaining; and b. Whether partnerships, joint ventures, and arrangements with management organizations conform to the corporation's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further charitable purposes and do not result in inurement, impermissible private benefit or in an excess benefit transaction. If an individual ("interested person") is aware of a potential conflict, they must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement. An interested person may make a presentation at the governing board or committee meeting, but after the presentation, he/she shall leave the meeting during the discussion of, and the vote on, the transaction or arrangement involving the possible conflict of interest. The chairperson of the governing board or committee shall, if appropriate, appoint a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. After exercising due diligence, the governing board or committee shall determine whether the corporation can obtain with reasonable efforts a more advantageous transaction or arrangement from a person or entity that would not give rise to a conflict of interest. If a more advantageous transaction or arrangement is not reasonably possible under circumstances not producing a conflict of interest, the governing board or committee shall determine by a majority vote of the disinterested directors whether the transaction or arrangement is in the corporation's best interest, for its own benefit, and whether it is fair and reasonable. In conformity with the above determination it shall make its decision as to whether to enter into the transaction or arrangement. The minutes of the governing board and all committees with board delegated powers shall contain: 1. The names of the persons who disclosed or otherwise were found to have a financial interest in connection with an actual or possible conflict of interest, the nature of the financial interest, any action taken to determine whether a conflict of interest was present, and the governing boards or committee's decision as to whether a conflict of interest in fact existed; and 2. The names of the persons who were present for discussions and votes relating to the transaction or arrangement, the content of the discussion, including any alternatives to the proposed transaction or arrangement, and a record of any votes taken in connection with the proceedings.”

“Compensation of the organization's president/ceo is reviewed annually by a compensation committee that includes the treasurer, two other members of the executive committee and two additional board members. Compensation is determined based on a review of performance and 990's of similar organizations. The compensation package is documented in a contract which is presented to the full board for final approval. Currently, the organization does not have any officers or key employees, other than the president/ceo, that receive compensation. The compensation process for these other officers and key employees would be similar to the process used for determining the compensation for the organization's president.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is posted on guidestar.org and other similar types of websites. In addition, governing documents are also available upon written request or by calling the organization directly. The form 990 and the financial statements are also posted on ace's website.”

“Scholarship forfeitures 53,000.”

“The process for selecting the auditor and oversight of the audit has not changed in the current year.”