Mdrt Academy

“The mdrt academy is governed and managed by the million dollar round table executive committee which functions as the board of governance. The committee has five voting officers and includes the chief executive officer as ex-officio, non-voting member.”

“The organization has one class of membership: qualifying. This class of membership shall be a privilege which may be granted or withheld each year by the executive committee.”

“The form 990 is prepared by the organization's independent accounting firm based on information supplied by management. A draft of the return is reviewed by management with any appropriate changes being incorporated into the document before being provided to the governing body prior to filing.”

“Each executive committee member is required to agree to the conflict of interest policy and acknowledges this by signing the conflict of interest policy statement on an annual basis. Compliance is monitored by the executive committee on an annual basis. The policy requires full and prompt disclosure to the executive committee of all relevant facts regarding any possible conflicts of interest. Each executive committee member agrees to inform in writing an officer of mdrt not affected by the conflict. They must then refrain from executive committee discussion with respect to the matter and refrain from voting on the matter.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Bank fees 1,691. Professional fees 1,091,016.”

“The organization's executive committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”

“1 form 990, page 1, part i, line 4 number of independent voting members of the governing body original amount - amended amount 5 updates necessary to agree to final audited financial statements. Form 990, page 1, part i, line 17 other expenses original amount 2,784,541 amended amount 3,084,417 form 990, page 1, part i, line 18 total expenses original amount 2,784,541 amended amount 3,084,417 form 990, page 1, part i, line 19 revenue less expenses original amount -2,520,816 amended amount -2,820,692 form 990, page 1, part i, line 20 total assets original amount 1,007,161 amended amount 1,001,138 form 990, page 1, part i, line 21 total liabilities original amount 5,552,668 amended amount 5,846,520 form 990, page 1, part i, line 22 net assets or fund balances original amount -4,545,507 amended amount -4,845,382 2 form 990, page 3, part iv, line 11f "f) did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under fin 48 (asc 740)? Original amount no amended amount yes updates necessary to agree to final audited financial statements. Form 990, page 3, part iv, line 12b b) was the organization included in consolidated, independent audited financial statements for the tax year? Original amount no amended amount yes form 990, page 6, part vi, section a, line 1b enter the number of voting members included on line 1a, above, who are independent original amount - amended amount 5 form 990, page 7, part vii, section a, line 1, column (b) average hours per week for related organizations below dotted line original amount 50 amended amount 39 form 990, page 7, part vii, section a, line 1, column (e) stephen stahr: reportable compensation from related organizations original amount 931,119 amended amount 921,768 form 990, page 7, part vii, section a, line 1, column (f) stephen stahr: estimated amount of other compensation from the organization and related organizations original amount 224,711 amended amount 163,949 form 990, page 7, part vii, section a, line 1, column (e) mark leon: reportable compensation from related organizations original amount 116,780 amended amount 263,030 form 990, page 7, part vii, section a, line 1, column (f) mark leon: estimated amount of other compensation from the organization and related organizations original amount 13,101 amended amount 1,761 3 form 990, page 10, part ix, columns a, line 11g other original amount 1,091,783 amended amount 1,092,707 updates necessary to agree to final audited financial statements. Form 990, page 10, part ix, columns a, line 14 information technology original amount 1,222,706 amended amount 1,537,408 form 990, page 10, part ix, columns a, line 24a content development original amount 108,858 amended amount 93,108 form 990, page 10, part ix, column a, line 25 total functional expenses (total) original amount 2,784,541 amended amount 3,084,417 4 form 990, page 11, part x, line 1 cash - non-interest-bearing original amount 652,993 amended amount 652,070 updates necessary to agree to final audited financial statements. Form 990, page 11, part x, line 8 inventories for sale or use original amount 5,100 amended amount - form 990, page 11, part x, line 16 total assets original amount 1,007,161 amended amount 1,001,138 form 990, page 11, part x, line 17 accounts payable and accrued expenses original amount 178,451 amended amount 274,548 form 990, page 11, part x, line 25 other liabilities original amount 5,238,917 amended amount 5,436,672 form 990, page 11, part x, line 26 total liabilities original amount 5,552,668 amended amount 5,846,520 form 990, page 11, part x, line 27 net assets without donor restrictions original amount -4,545,507 amended amount -4,845,382 form 990, page 11, part x, line 32 total net assets or fund balances original amount -4,545,507 amended amount -4,845,382 form 990, page 11, part x, line 33 total liabilities and net assets/fund balances origi”

“9 schedule r, part ii, column (e) public charity status for mdrt foundation original amount line 7 amended amount - updates necessary to agree to final audited financial statements. Schedule r, part iv, column (h) percentage ownership for mdrt business services, inc and mdrt global services original amount 0% amended amount 100% schedule r, part iv, column (i) section 512(b)(13) controlled entity for mdrt business services, inc and mdrt global services original amount no amended amount yes schedule r, part v, section 1 "m: performance of services or membership or fundraising solicitations by related organizations, n: sharing of facilities, equipment, mailing lists, or other assets with related organizations original amount yes amended amount no schedule r, part v, section 2, line 1 and 2 transactions with mdrt original amount (1) 5,238,917, (2) 218,168 amended amount (1) -, (2) -”