Andeco Institute

“The articles of incorporation of this entity indicate that there will be members.”

“The andeco institute board of directors conducted a zoom meeting to review the annual form 990. All voting members reviewed and verified the 2022 financial information for andeco institute in accordance with its agenda.”

“Andeco institute has a written confict of interest policy that establishes procedures for the reporting, identification and mitigation of organizational conflicts of interest (oci), handling of sensitive information and the implementation of an organizational firewall for the advanced data consortium (adc) contract. As a result of developing this plan, andeco is establishing an environment that (1) identifies and addresses potential ocis that may be applicable to the contract; and (2) provide unbiased, impartial, and objective advice and assistance in preventing the inappropriate flow of information into or out of the adc contract that might otherwise serve to provide an unfair competitive advantage or bias. This policy is monitored and enforced via a signed non-disclosure agreement from all employees, annual training, and all employees are required to fill out an annual disclosure report. Any reports of oci are to be reported to the employee's supervisor or directly to the director of integrity assurance (dia).”

“Compensation for key employees was determined when andeco institute hired an independent salary consultant (findley) to conduct research based on our industry, mission, and roles & responsibilities of our employees in order to determine if our proposed salaries were considered fair based on market comparisons. The results of his findings determined that compensations for all andeco institute employees were deemed fair and commensurate with industry standards.”

“Andeco institute does not currently have a process in place in which we would disclose our governing documents, conflict of interest policy, or financial statements to the public. Andeco institute will provide these documents upon request.”

“Professional services: program service expenses 24,188. Management and general expenses 0. Fundraising expenses 0. Total expenses 24,188. Subject matter expert consulting: program service expenses 2,433,934. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,433,934. Individual project orders funding: program service expenses 35,735,043. Management and general expenses 0. Fundraising expenses 0. Total expenses 35,735,043.”

“The andeco institute is reimbursed by the u.s. Government for all of its expenses. All expenses relate to the andeco institute's sole program service of government contracting. For this reason, all expenses are allocated 100% to program service. Any income derived is due to interest accumulated on late payments received from vendors.”