College Summit Inc.

“Art samberg and laura samberg are both members of the board of directors and have a family relationship. Michelle tafel, chief strategy and advancement officer and onuke ibe, vice president of program, also have a family relationship.”

“The federal form 990 is reviewed by the chief operating officer and the controller. The draft federal form 990 is then presented to the finance committee and finally to the board of directors before submission to the internal revenue service.”

“Currently there are two conflict of interest policies in place. One is for employees and one for board members. The following process is for employees: - all new hires receive a copy of the conflict of interest policy and sign receipt of reading and understanding the policy. - employees are notified of the whistle blowing policy that ensures protection from retaliation of employee's reporting conflict of interest violations or other infractions. - all employees are provided with copies of all policies in the employee handbook as well. The following process is for board members: - board members are given the conflict of interest policy when they join the board of directors. The secretary (and/or vp, human resources) to the board of directors provides an overview of the policy. - annually board members sign a certificate of acknowledgment of having received a copy, and read the policy. The certificate of acknowledgement is then reviewed by the general counsel.”

“The executive committee of the board of directors is authorized to make recommendations to the board of directors regarding executive compensation. The executive committee's process in setting compensation shall include all of these elements: (1) review and approval by the board of directors as provided for in the bylaws; (2) use of comparable compensation data; and (3) contemporaneous documentation and recordkeeping. Review and approval - the compensation of the ceo/secretary is reviewed and approved by the board of directors, provided that persons with conflicts of interest with respect to the compensation arrangement at issue are not involved in this review and approval. Use of comparable compensation data - the compensation of the person is reviewed and approved using comparable compensation data for similarly qualified persons in functionally comparable positions at similarly situated organizations. Contemporaneous documentation and recordkeeping - there is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement. The executive committee shall make this determination at least once annually. Final board action - only those directors who are free of conflicts of interest may vote on executive compensation. The board of directors shall review and approve ceo/secretary compensation, after a review of comparability data or other evidence that compensation is reasonable, and shall contemporaneously substantiate its deliberation and decision in the minutes. In regards to the non-ceo salary, each year the board of directors reviews and approves a fiscal year budget, one element of which includes any proposed salary adjustments and the bases therefore. A full compensation analysis/study for the entire organization (including the ceo/secretary) was last performed in the spring of 2016.”

“College summit makes its governing documents, conflict of interest policy, federal form 990 and financial statements available to the public upon request.”

“Other professional fees: program service expenses 417,204. Management and general expenses 114,085. Fundraising expenses 57,837. Total expenses 589,126. Temporary help: program service expenses 40,263. Management and general expenses 22,446. Fundraising expenses 13,385. Total expenses 76,094. Educator stipends: program service expenses 262,918. Management and general expenses 0. Fundraising expenses 0. Total expenses 262,918. Innovation services: program service expenses 281,115. Management and general expenses 0. Fundraising expenses 0. Total expenses 281,115. Executive: program service expenses 0. Management and general expenses 50,766. Fundraising expenses 0. Total expenses 50,766. Hr consulting: program service expenses 0. Management and general expenses 56,101. Fundraising expenses 0. Total expenses 56,101. Regional fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 64,438. Total expenses 64,438. National fundraising: program service expenses 0. Management and general expenses 0. Fundraising expenses 84,446. Total expenses 84,446.”