Edventure Inc.

“The 990 is reviewed and approved on three levels before it is filed with the irs. Edventure staff, including the accountant, cfo, and ceo review the 990 prepared by the external tax accountant to ensure the figures tie back to the audited financial statements. The second level of review and approval is performed by the internal affairs committee. The third level is a vote to submit the return by the board of trustees.”

“At the time of employment, employees are asked and background checks are completed to determine if there are any conflicts of interest prior to an offer of employment. During their employment, employees are required to report any circumstances that may be considered a conflict of interest to their supervisor so a determination can be made and appropriate action taken. On an annual basis, each board member is required to read, sign, and follow edventure's conflict of interest policy.”

“Compensation process for top official: yearly goals are set by the board of trustees and accomplishment of these goals determine compensation for the ceo. Compensation changes are determined by the executive committee using nonprofit ceo compensation studies and are voted/approved by the board. Compensation process for officers: a compensation study of senior staff salaries was conducted using survey data compiled by the association of science-technology (astc) and the association of childrem's museums (acm), along with a review of other columbia non-profit data. The data reflected a wide range of museum and non-profit sizes, types and locations. All data were linked to edventure's specific positions based on the following criteria: type of institution, location, operating expense, number of employees and instition age. Based on the evaluation of these criteria, a salary structure was compiled for edventure's staff. It is reviewed annually and updated as necessary.”

“Governing documents and the conflicts of interest policy are available upon request and our audited financial statements are posted on our website and distributed annually to members, donors, and other interested parties.”

“Other expense: program service expenses 35,971. Management and general expenses 445. Fundraising expenses 2,273. Total expenses 38,689. Professional development: program service expenses 19,753. Management and general expenses 2,500. Fundraising expenses 2,750. Total expenses 25,003. Camp expense: program service expenses 16,308. Management and general expenses 0. Fundraising expenses 0. Total expenses 16,308. Training and development: program service expenses 8,789. Management and general expenses 108. Fundraising expenses 553. Total expenses 9,450. Dues: program service expenses 2,406. Management and general expenses 30. Fundraising expenses 151. Total expenses 2,587.”

“The board of directors oversee the audit process”