Lever for Change

“JOSHUA MINTZ IS AN OFFICER OF MACARTHUR FOUNDATION; JAMES MANYIKA IS AN OFFICER OF MACARTHUR FOUNDATION; CECILIA CONRAD, TRISHA POMERENK, AND EMILY FRIEDMAN ARE EMPLOYEES OF MACARTHUR FOUNDATION. - Business relationship”

“Under the bylaws of the corporation, the macarthur foundation as the sole member has the right to appoint the directors of the corporation.”

“Other than the member's right to appoint the directors of the corporation, no party, other than the corporation's board of directors, has any rights referenced above.”

“The organization's form 990 (and related schedules) is provided to all members of the governing body prior to filing.”

“The organization's conflict of interest policy requires directors and corporate officers to disclose interests in any entity with which the organization proposes to do business. The organization also requests from each director a list of any entities with which they may be affiliated so potential conflicts can be identified. In all transactions involving a conflict of interest, a disinterested decision-maker (the board, the president, or a disinterested board member as the case may be) will determine whether proceeding with the transaction is in the best interests of lever for change after considering all the facts and circumstances. Directors, officers and staff, who have a conflict of interest regarding a proposed transaction will not vote on or approve the transaction. In addition, a staff member or officer will not work on the transaction where the conflict is present and, unless asked by a director or the president, should not participate in formal or informal discussions of such transaction.”

“The overall compensation of the chief executive officer and other officers and key employees of lever for change paid by macarthur foundation are based upon an annual determination by macarthur foundation's budget and compensation committee. Under the services agreement between macarthur foundation and lever for change, the time spent by these officers and key employees on lever for change matters are charged to lever for change and lever for change reimburses the macarthur foundation. Compensation for these officers and key employees is based upon data of comparable organizations and is contemporaneously documented.”

“The organization's governing documents, conflict of interest policy, financial statements and form 990 are available upon request.”

“Lever for change has entered into an administrative services agreement with macarthur foundation. During the term of this agreement, macarthur foundation will provide administrative, finance, accounting, legal, human resource, program management, consulting and other support, as needed by lever for change and reimbursed by lever for change. These services are provided by macarthur foundation employees and amounts listed in part vii, section a, column e reflect the total compensation and benefits paid by macarthur foundation to the individuals listed for services provided to lever for change and macarthur foundation in accordance with the allocation of average hours per week listed in part vii, section a, column b. All individuals with reportable compensation listed in part vii are employees of macarthur foundation. Directors provide services to lever for change on a volunteer basis and received no compensation for services provided to lever for change. In addition, the number of volunteers listed in part i, line 6 includes judges that participate in the competition activities of the organization and are vital to the organization's mission. These volunteers are not required to be listed in part vii, section a.”

“ADMINISTRATIVE SERVICES - Total Expense: 4769267, Program Service Expense: 3581461, Management and General Expenses: 1004086, Fundraising Expenses: 183720; COMMMUNICATIONS SUPPORT - Total Expense: 421693, Program Service Expense: 421693, Management and General Expenses: , Fundraising Expenses: ; COMPETITION MANAGEMENT - Total Expense: 678944, Program Service Expense: 678944, Management and General Expenses: , Fundraising Expenses: ; COMPETITION TECHNICAL SUPPORT - Total Expense: 1102513, Program Service Expense: 1102513, Management and General Expenses: , Fundraising Expenses: ; PROPOSAL DATABASE DEVELOPMENT - Total Expense: 519743, Program Service Expense: 519743, Management and General Expenses: , Fundraising Expenses: ;”