Take Charge America Inc.

“The audit committee selects the independent auditors, approves the compensation of the independent accountants, and approves any non-audit services to be provided by the independent accountants before the services are rendered. The compensation committee has the authority to set compensation levels for tca offices and the five most highly compensated employees. The investment committee approves the investment strategy, and hires the investment managers, the custodian, and independent consultants. The board of directors, by resolution adopted by a majority of the full board, may name one or more of its members as an executive committee. Such executive committee will have and may exercise the powers of the board of directors in the management and affairs of the organization while the board is not in session, subject to such limitations as may be included in the board's resolution. The executive committee shall not have the authority of the board of directors in reference to the following matters: (1) the filling of vacancies on the board of directors; (2) the amendment or repeal of the bylaws, or the adoption of new bylaws; and (3) the fixing of compensation of directors for serving on the board or on any committee of the board of directors. In the event a vacancy occurs in the executive committee, the vacancy shall be filled by the board of directors. A majority of those named to the executive committee will constitute a quorum.”

“The form 990 is prepared by the independent accounting firm based on information provided by the accounting and human resource departments. The completed form 990 is reviewed by the controller, the organization's ceo, other officers, and the board of directors before it is filed.”

“Officers, directors, and key employees are required to annually disclose any interests that could give rise to conflicts of interest. Discussions about the policy occur annually during a board meeting, and the controller monitors new vendor relationships to ensure compliance. Restrictions on individuals with a conflict of interest will be determined on a case-by-case basis to ensure safeguards are appropriate to ensure the transaction is in the best interest of the organization. Appropriate documentation will be retained as determined by the specific circumstances.”

“Compensation of the organization's ceo is determined and approved by the compensation committee following reviews of an independent compensation consultant report and form 990's of comparable organizations. As a part of this process, written annual goals are established each year, and used in evaluating the ceo's performance. The committee meets and votes on the level of compensation that is deemed appropriate. This process is documented in the minutes. This occurred most recently in october 2018. Compensation of other officers and the five most highly compensated employees are determined and approved by the compensation committee following reviews of the form 990's of comparable organizations. The committee votes on what compensation is considered appropriate, and the decision is documented. The most recent reviews occurred in april 2019. No increases in base compensation were authorized.”

“Financial statements are made available through compliance with state filing requirements. Governing documents and the conflict of interest policy are made available upon request.”

“The mission of take charge america, inc. Is to provide financial education and services to improve the lives of individuals and families.”

“Educational credit counseling: take charge america, inc. (tca) provides educational credit counseling and debt management plans throughout the u.s., serving approximately 24,600 in fiscal year 2019. Tca's comprehensive programs provide free counseling and educational materials to every individual who seeks assistance. Tca is dedicated to providing optimum educational services and client care and achieves this goal by embracing technology, striving for excellence and never forgetting that every client deserves timely, individualized, professional assistance. We provide education, educational materials and a variety of counseling services without cost to all consumers who seek our assistance without regard to actual plan participation. We also fund substantial community oriented financial literacy programs that can ultimately benefit all consumers. We use a variety of media including one-on-one counseling, computer software, web-based materials, electronic textbooks, financial literacy curriculum development and dissemination, as well as special population programs to fulfill our educational mission.”

“Housing counseling: tca provides housing counseling services to arizona residents, and served approximately 460 clients in fiscal 2019. The organization obtained hud approval in 2008, and employs dedicated housing counselors to assist individuals who are considering buying a home, who have fallen on difficult times and are now behind on their mortgage payments, and who are considering tapping into their home equity. Tca's comprehensive program provides assistance and counseling to arizona individuals seeking help. The organization works with the arizona department of housing and the national foundation for credit counseling to provide hud and foreclosure mitigation services to clients. Housing counselors are actively involved in a variety of community events and community outreach is conducted through different media channels, including television, radio and social media.”