National Board for Professional Teaching Standards Inc

“The 990 is prepared by a professional cpa firm, with close coordination of the finance & accounting department. The draft return is thoroughly reviewed by the controller and vp of people, strategy & finance before acceptance for electronic filing. At the point at which the return can be filed, a copy is posted on a secure web site for members of the board of directors to view. Comments may be addressed to nbpts staff by members of the board of directors. After the comment period, the return is electronically filed.”

“Board of director members annually receive a list of substantial vendors and disclose any dealings with or interests in those vendors. Board members are expected to recuse themselves from any deliberations or votes where a conflict of interest may occur. Staff, including those whose positions are as corporate officers, are not required to make annual disclosures.”

“The ceo's compensation is determined by the board chairs, who have a formal review process and make recommendations on salary/bonus compensation. All other employee compensation is reviewed against industry standards and an annual formal performance review process. The organization's formal performance review process is used to determine adjustments to compensation.”

“Individuals seeking a copy of the bylaws may contact nbpts and a copy will be sent free of charge. The conflict-of-interest policy is an internal board document and is not made available to the public. Financial statements are made available to entities who have valid purpose for obtaining such information.”

“Consulting: program service expenses 3,753,974. Management and general expenses 44,214. Fundraising expenses 235,790. Total expenses 4,033,978. Advisory: program service expenses 663,857. Management and general expenses 38,576. Fundraising expenses 0. Total expenses 702,433. Evaluation & research: program service expenses 650,148. Management and general expenses 37,779. Fundraising expenses 0. Total expenses 687,927. Stipends: program service expenses 9,782. Management and general expenses 568. Fundraising expenses 0. Total expenses 10,350. Pr/marketing: program service expenses 16,633. Management and general expenses 967. Fundraising expenses 0. Total expenses 17,600. Information technology consultant: program service expenses 167,510. Management and general expenses 9,734. Fundraising expenses 0. Total expenses 177,244.”

“Change in accounting policy for candidate fee revenue recognition 820,238.”

“The process has not changed from the prior year.”