2021-05-13T20:00:41-05:00 2020-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2020-01-01 351978359 EdChoice Inc % CAREY E FOLCO EDCH 3176810745 111 MONUMENT CIRCLE SUITE 2650 INDIANAPOLIS IN 46204 ROBERT C ENLOW PRESIDENT AND CEO 3176810745 2021-05-17 true Robert C Enlow XXX-XX-XXXX NICOLE B FISHBACK P01279475 3173834000 2021-05-17 3 2020 2022-09-23 18:48:47Z ROBERT C ENLOW 111 MONUMENT CIRCLE STE 2650 INDIANAPOLIS IN 46204 10556811 false X WWW.EDCHOICE.ORG X 1996 IN ADVANCING EDUCATIONAL FREEDOM AND CHOICE FOR ALL AS A PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY. 9 8 27 8 0 0 8652620 7274922 49327 105097 445458 712360 9708 17966 9157113 8110345 1087500 835250 0 0 2805194 3122169 44500 117500 726751 4630461 3213343 8567655 7288262 589458 822083 16365500 19163460 853941 1228179 15511559 17935281 X EDCHOICE, INC. IS DEDICATED TO ADVANCING FULL AND UNENCUMBERED EDUCATIONAL CHOICE AS THE BEST PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY. SEE SCHEDULE O. false false 2006469 RESEARCH AND THOUGHT LEADERSHIP: EDCHOICE, INC, PRODUCES NON-PARTISAN RESEARCH AND PUBLICATIONS INTENDED TO INFORM THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE. TYPES OF RESEARCH AND EDUCATIONAL PUBLICATIONS INCLUDE: REVIEWING AND SYNTHESIZING EXISTING RESEARCH ON EDUCATIONAL CHOICE, SUCH AS THE ABC'S OF SCHOOL CHOICE AND INFORMATIONAL BROCHURES; CONDUCTING ORIGINAL STATE AND NATIONAL RESEARCH ON EDUCATIONAL CHOICE, SUCH AS STATE POLLING AND FISCAL AND ACADEMIC IMPACT STUDIES; AND PUBLISHING COMMENTARY PAPERS, WEBINARS AND BLOGS. 1952768 185000 105097 TRAINING AND OUTREACH: EDCHOICE, INC, UNDERTAKES NON-PARTISAN EDUCATIONAL TRAINING AND OUTREACH ACTIVITIES THAT INFORM THE PUBLIC, MEDIA AND POLICY MAKERS ON THE ISSUE OF EDUCATIONAL CHOICE AND ON EXISTING SCHOOL CHOICE PROGRAMS. THIS INCLUDES FORMAL TRAININGS, CONFERENCES, FACT-FINDING TRIPS, AND EDUCATIONAL BRIEFINGS. 2273276 650250 STATE PROGRAMS: EDCHOICE, INC, WORKS IN STATES AROUND THE COUNTRY TO EDUCATE THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE, PROVIDING EDUCATIONAL SERVICES TO STATE-BASED ORGANIZATIONS AND INDIVIDUALS. SERVICES INCLUDE: SPONSORING AND HOSTING INFORMATIONAL SYMPOSIUMS, TESTIFYING IN FRONT OF VARIOUS LEGISLATIVE BODIES, EDUCATING LOCAL AND STATE ORGANIZATIONS ON SCHOOL CHOICE PROGRAMS, PARENT EDUCATIONAL EFFORTS AND TRAINING, INFORMING MEDIA, PROVIDING TECHNICAL ADVICE ON THE DRAFTING OF LEGISLATION, AND SPONSORING VISITS BY EXPERT SPEAKERS. 6232513 true true false true false false false false false false true false false false false false true false false false false false false true false false false true false true false false false false false false false false true false false false false false false false false true X 60 0 27 true false false false false false false false false false false false false X 9 8 false false false false false false false true true false false true true true true true true true false false AL AR CA FL GA IL KS KY MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI X CAREY E FOLCO 3176810745 111 MONUMENT CIRCLE SUITE 2650 INDIANAPOLIS IN 46204 X ROBERT C ENLOW PRESIDENT & CEO 45.0 0.0 X X 316110 0 29675 LESLIE HINER V.P. OF LEGAL AFFAIRS 45.0 0.0 X 163500 0 10324 MICHAEL MCSHANE DIRECTOR OF NATIONAL RESEARCH 40.0 0.0 X 129358 0 35003 STEVEN HOLWERDA V.P. OF DEVELOPMENT 40.0 0.0 X 145824 0 16477 PAUL DIPERNA V.P. OF RESEARCH & INNOVATION 40.0 0.0 X 130658 0 25100 JASON BEDRICK DIRECTOR OF POLICY 40.0 0.0 X 109779 0 36658 JENNIFER WAGNER V.P. OF COMMUNICATIONS 40.0 0.0 X 118200 0 25490 CAREY E FOLCO V.P. OF OPERATIONS 40.0 0.0 X 107133 0 17227 VIRGINIA WALDEN-FORD DIRECTOR 1.0 0.0 X 1500 0 0 FRED S KLIPSCH CHAIRMAN 2.0 0.0 X X 0 0 0 J SCOTT ENRIGHT Vice Chariman & Secretary 5.0 0.0 X X 0 0 0 LAWRENCE A O'CONNOR JR TREASURER (End 06/08/20) 1.0 0.0 X X 0 0 0 DEVIN ANDERSON TREASURER 1.0 0.0 X X 0 0 0 DAVID D FRIEDMAN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM J HUME DIRECTOR 1.0 0.0 X 0 0 0 FRED REAMS DIRECTOR 1.0 0.0 X 0 0 0 MICHAEL WALKER DIRECTOR 1.0 0.0 X 0 0 0 1222062 0 195954 11 false true false AMERICAN PHILANTHROPICLLC 119 N HIGH STREET WEST CHESTER PA 19380 CONSULTING SERVICES 117500 FASTER STACK LLC 13420 Spring Farms Dr CARMEL IN 46032 WEB DEV & HOSTING 130275 2 7274922 361922 7274922 CONFERENCE/EVENT REGISTRATION REVENUE 611710 105097 105097 105097 505129 505129 0 0 0 0 0 2653697 2446466 207231 207231 207231 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 999999 17966 17966 17966 8110345 105097 730326 835250 835250 0 0 0 640368 469511 95857 75000 0 1885918 1585790 76209 223919 48993 40711 1958 6324 372356 311844 18440 42072 174534 143933 11057 19544 0 25227 1954 23273 31916 31916 44863 44863 117500 117500 0 1507051 1427644 38962 40445 90298 85185 484 4629 149109 123184 14949 10976 0 0 142200 113760 8532 19908 71666 68814 425 2427 0 414214 410621 1221 2372 0 0 51217 40974 3073 7170 20279 16237 1201 2841 MAILING AND PRINTING FEES 340062 186997 1441 151624 STATE POLLING 43500 43500 SPEAKER/MODERATOR FEES 52057 52057 SPONSORED EVENTS 229684 229684 7288262 6232513 328998 726751 916458 1136341 5815015 3435495 905000 154322 0 0 0 0 0 0 0 0 0 0 198958 232980 518519 256127 286261 262392 8243808 13941930 0 0 0 0 0 0 0 0 16365500 19163460 755944 744373 0 0 97997 57516 0 0 0 0 0 0 0 0 0 426290 0 0 853941 1228179 X 14454059 17619189 1057500 316092 15511559 17935281 16365500 19163460 822083 1601639 X false true X true false X 6372528 7500897 7502421 8652620 7274922 37303388 0 0 6372528 7500897 7502421 8652620 7274922 37303388 3478224 33825164 424369 599800 613819 481361 505129 2624478 0 26931 70869 59035 123063 279898 40207764 0.84126 0.82984 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5261 44355 49616 7238646 7288262 514413 128603 false 501163 524500 578383 514413 2118459 3177689 148174 114807 183574 49616 496171 125291 131125 144596 128603 529615 794423 11685 748 6665 5261 24359 SCHEDULE C, PART II-A LOBBYING EXPENDITURES TO INFLUENCE PUBLIC OPINION: EDCHOICE, INC. IS NEVER INVOLVED IN POLITICAL CAMPAIGNS. THE SUBSTANTIAL ACTIVITY UNDERTAKEN BY EDCHOICE, INC. IS EDUCATIONAL IN NATURE. THE ORGANIZATION HAS MADE AN ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH AN ORGANIZATION EXEMPT UNDER CODE SECTION 501(C)(3) WITH "H ELECTION", THE ORGANIZATION ALSO UNDERTAKES ALLOWABLE AND LIMITED LOBBYING ACTIVITIES IN CERTAIN STATES TO AID IN THE PASSAGE OF LEGISLATION THAT ENABLES PARENTS TO RECEIVE AND DIRECT PUBLIC FUNDS IN ORDER TO CHOOSE THE BEST EDUCATIONAL SETTING FOR THEIR CHIDLREN, WHETHER THAT SETTING IS A PUBLIC SCHOOL, PRIVATE SCHOOL, CHARTER SCHOOL, AT HOME OR ONLINE. IN 2020, THESE ACTIVITIES INCLUDED ALLOCATING STAFF TIME FOR DIRECT LOBBYING TO STATE LEGISLATORS AND ENCOURAGING THE GENERAL PUBLIC TO SUPPORT SPECIFIC LEGISLATION. 214055 97361 116694 304464 158766 145698 262392 9711984 1601639 1601639 8110345 8110345 7288262 7288262 7288262 SCHEDULE D, PART X, LINE 2 FIN 48 DISCLOSURE: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON ITS REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. X X X X true AMERICAN PHILANTHROPIC LLC 119 N HIGH STREET WEST CHESTER PA 19380 FUNDRAISING CONSULTING false 117500 117500 AL AK AR CA CO CT FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI SCHEDULE G, PART I, LINE 2B HIGHEST PAID FUNDRAISER: The organization engaged American Philanthropic, LLC, to provide fundraising consulting services including advice on strategy, research and direct mail. true Arizona STO Association 67 S Higley RD STE 103 Gilbert AZ 85296 651225959 501(C)(3) 20000 SEE PART IV Arizona Council for American Private ED PO Box 97250 Phoenix AZ 85060 900713923 501(C)(3) 20000 SEE PART IV Center for Arizona Policy PO Box 97250 Phoenix AZ 85060 860618922 501(C)(3) 50000 SEE PART IV Diocese of Charleston US Conf of Cath Bishops 901 Orange Grove Road Charleston SC 29407 570352255 501(C)(3) 80250 SEE PART IV United Negro College Fund Inc 1805 7th Street NW Washington DC 20001 131624241 501(C)(3) 45000 SEE PART IV 100 Black Men of America Inc 141 Auburn Avenue NE Atlanta GA 30303 581974429 501(C)(3) 50000 SEE PART IV EdFit Indiana Inc 7007 Royal Oakland DR INDPLS IN 46236 815338341 501(C)(3) 65000 SEE PART IV Chalkbeat Inc 1239 Broadway 703B New York NY 10001 900915846 501(C)(3) 20000 SEE PART IV Greater Indianapolis Progress Committee Inc 200 E Wash St STE 2501 INDPLS IN 46204 351109966 501(C)(3) 50000 SEE PART IV America Succeeds 1390 LAWRENCE St STE 200 Denver CO 80204 455334937 501(C)(3) 15000 SEE PART IV Josiah Bartlett Center for Public Policy PO Box 897 Concord NH 03302 223235650 501(C)(3) 75000 SEE PART IV Beacon Center of Tennessee PO Box 198646 Nashville TN 37219 201808567 501(C)(3) 50000 SEE PART IV National Urban League Inc 80 Pine St 9th Fl New York NY 10005 131840489 501(C)(3) 60000 SEE PART IV Agudath Israel of America Inc 4700 Ashwood DR STE 200 CINCY OH 45241 135604164 501(C)(3) 25000 SEE PART IV School Choice Wisconsin Inc 350 Bishops Wy STE 104 Brookfld WI 53005 383695127 501(C)(3) 30000 SEE PART IV Better Outcomes for Our Kids Inc 83 Glenn Street SE Atlanta GA 30312 471653650 501(C)(3) 30000 SEE PART IV Institute for Quality Education Inc 101 W OH ST SUITE 700 INDPLS IN 46204 351836687 501(C)(3) 150000 SEE PART IV 17 SCHEDULE I, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS: EDCHOICE, INC. ACCEPTS APPLICATIONS FOR GRANTS THAT CONFORM TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE AND EDUCATIONAL MISSION. APPLICATIONS MUST INCLUDE A DESCRIPTION OF THE PROJECT, AMOUNT REQUESTED, PROJECT BUDGET, METHOD TO EVALUATE SUCCESS, BOARD OF DIRECTORS LIST, AND FINANCIAL STATEMENTS. THE EDCHOICE PROGRAM STAFF REVIEW THE REQUEST AND SUBMIT SUGGESTED GRANTS TO THE EXECUTIVE MANAGEMENT. AFTER APPROVAL, THE VICE PRESIDENT OF OPERATIONS REVIEWS THE REQUEST FOR PROPER DOCUMENTATION AND DRAFTS A GRANT AGREEMENT THAT REQUIRES ALL FUNDS BE USED IN FURTHERANCE OF A PERMISSIBLE ACTIVITY UNDER CODE SECTION 501(C)(3), WHICH IS THEN SIGNED BY THE GRANTEE, AND THE PAYMENT IS MADE. PROGRAM STAFF WORK CLOSELY WITH THE GRANTEE TO ENSURE COMPLIANCE WITH THE GRANT AGREEMENT AND ENSURE PROPER USE OF GRANT FUNDS. GRANTEES ARE REQUIRED TO SUBMIT A FINAL REPORT ON THE PROJECT, INCLUDING HOW FUNDS WERE USED, IN A TIMELY MANNER AS REQUIRED BY THE GRANT AGREEMENT. SCHEDULE I, PART II, LINE 1, COLUMN H PURPOSE OF GRANT OR ASSISTANCE: *Arizona STO Association - Support to help increase awareness of school choice policy issues among Arizona private schools and to foster collaboration between private schools and scholarship tuition organizations. *Arizona Council for American Private Education - Support for outreach to at least 500 Arizona preschools to inform families about their K-12 educational choice options. *Center for Arizona Policy - Support for the Love Your School project for outreach to Arizona parents to inform them of their educational choice options so they will become school choice consumers. *Diocese of Charleston, United States Conference of Catholic Bishops - General operating support for promoting the educational mission of the Diocese of Charleston in South Carolina and General support for education and outreach to Catholic partners in South Carolina about school choice. *United Negro College Fund Inc - Support for educational activities toward the engagement of UNCF Leadership Councils and for Historical Black College and University cultivation efforts. *100 Black Men of America Inc - Support to advance education choice by conducting educational activities such as Village Community Meetings and Community Engagement through tours of high-quality traditional public, charter and private schools. *EdFit Indiana, Inc. - Support for parent and community engagement; including efforts to increase awareness, knowledge, and access to school options and educational leadership opportunities. *Chalkbeat, Inc. - General support for continued efforts to elevate unseen issues into the education discussion in Indiana and transform the lives of children. *Greater Indianapolis Progress Committee, Inc. - Support for the Indianapolis E-Learning Fund project. *America Succeeds - Support to help launch a new business leader organization that will support school choice in Arizona. *Josiah Bartlett Center for Public Policy - Support for the creation of the Economic Opportunity Project of the Josiah Bartlett Center to produce high quality research and educational outreach and engagement on the economic opportunity of school choice. *Beacon Center of Tennessee - Support for research to help educate the public on the impact and benefits of Education Savings Accounts. *National Urban League, Inc. (Young Professionals) - Support to educate and engage National Urban League Young Professionals leadership, including chapter leaders, members and other young professionals, on the educational landscape and educational options in their respective communities. *Agudath Israel of America, Inc. - General operating support for school choice education and outreach in states. *School Choice Wisconsin Inc. - Support for a public opinion poll to understand how Wisconsin parents view their current educational options and their support for policies that expand parent control of educational dollars. *Better Outcomes for Our Kids, Inc. - General operating support, including support for the Community Talks program and for community leadership engagement. *Institute for Quality Education - General operating support for continuing to improve the quality of education for all Indiana students by: engaging and informing parents about the educational options, empowering educators and policy makers to understand and support options, and analyzing data and promoting and implementing policies that work. X X X X false false false false false false false true false ROBERT C ENLOW PRESIDENT & CEO 256110 0 60000 0 0 0 7725 0 21950 0 345785 0 0 0 LESLIE HINER V.P. OF LEGAL AFFAIRS 162900 0 600 0 0 0 4950 0 5374 0 173824 0 0 0 MICHAEL MCSHANE DIRECTOR OF NATIONAL RESEARCH 121258 0 8100 0 0 0 3720 0 31283 0 164361 0 0 0 STEVEN HOLWERDA V.P. OF DEVELOPMENT 145224 0 600 0 0 0 4350 0 12127 0 162301 0 0 0 PAUL DIPERNA V.P. OF RESEARCH & INNOVATION 125808 0 4850 0 0 0 3810 0 21290 0 155758 0 0 0 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: ROBERT C. ENLOW RECEIVED A PERFORMANCE PAYMENT WHICH WAS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE. THIS WAS A DISCRETIONARY BONUS BASED UPON FULFILLING THE MISSION OF THE ORGANIZATION, FOCUSING SPECIFICALLY ON PROGRAMMING, OPERATIONS AND FINANCIAL HEALTH OF THE ORGANIZATION. CAREY FOLCO, LESLIE HINER, MICHAEL MCSHANE, STEVEN HOLWERDA, PAUL DIPERNA, JASON BEDRICK, AND JENNIFER WAGNER RECEIVED A MERIT BONUS DETERMINED BY THE PRESIDENT AND CEO FOR EXCEPTIONAL WORK IN THEIR ROLES. X 4 361922 FMV false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION: EDCHOICE, INC. IS DEDICATED TO ADVANCING FULL AND UNENCUMBERED EDUCATIONAL CHOICE AS THE BEST PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY. EDCHOICE BELIEVES THAT FAMILIES ARE BEST EQUIPPED TO MAKE K-12 SCHOOLING DECISIONS FOR THEIR CHILDREN. EDCHOICE, INC WORKS AT THE STATE LEVEL TO EDUCATE DIVERSE AUDIENCES ON THE BENEFITS OF HIGH-QUALITY SCHOOL CHOICE PROGRAMS. EDCHOICE, INC. IS THE INTELLECTUAL LEGACY OF MILTON AND ROSE D. FRIEDMAN, WHO FOUNDED THE ORGANIZATION IN 1996. FORM 990, PART V, LINE 1C COMPLIANCE WITH BACKUP WITHHOLDING RULES: EDCHOICE, INC. WAS NOT REQUIRED TO COMPLY WITH THE BACKUP WITHHOLDING RULES BECAUSE IT DID NOT MAKE REPORTABLE PAYMENTS TO VENDORS OR PAY REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM, IN CONJUNCTION WITH THE VICE PRESIDENT OF OPERATIONS AND CONTROLLER. THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO, VICE PRESIDENT OF OPERATIONS, CONTROLLER, SECRETARY, AN INDEPENDENT ACCOUNTING FIRM AND AN OUTSIDE ATTORNEY. UPON COMPLETION, THE FINAL FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE ORGANIZATION'S BOARD OF DIRECTORS HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH EDCHOICE, INC. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, THAT INDEPENDENT DIRECTORS DETERMINE WHETHER THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF THE ORGANIZATION, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, THE VICE PRESIDENT OF OPERATIONS. IN ADDITION, THE EXECUTIVE STAFF OF EDCHOICE, INC. ARE RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF CEO OR TOP MANAGEMENT OFFICIAL COMPENSATION: THE ORGANIZATION'S BOARD OF DIRECTORS HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY. THE PURPOSE OF THE POLICY IS TO ENSURE THAT THE ORGANIZATION'S COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION-MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. ON JANUARY 7, 2020, INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS, MEETING AS A SEPARATE COMMITTEE EVALUATED THE COMPENSATION OF THE PRESIDENT/CEO, EVALUATED COMPARABILITY DATA, AND USED SUCH DATA TO SET HIS COMPENSATION FOR 2020. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 9 REPORTABLE COMPENSATION: VIRGINIA WALDEN-FORD WORKS WITH THE ORGANIZATION AS PART OF THE EDCHOICE Experts SPEAKERS BUREAU. THE BOARD OF DIRECTORS HAS REVIEWED THIS WORK IN RELATION TO THE CONFLICT OF INTEREST POLICY AND DETERMINED THE PAYMENT IS AN HONORARIUM FOR SPEAKING ENGAGEMENTS, AND IS NOT RELATED TO HER DUTIES AS A DIRECTOR. FURTHERMORE, THE BOARD OF DIRECTORS APPROVED SUCH PAYMENT, WITH VIRGINIA WALDEN-FORD NOT PRESENT, IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VII, SECTION B, LINE 1 INDEPENDENT CONTRACTORS: THE AMOUNT PAID TO AMERICAN PHILANTHROPIC, LLC AS AN INDPENDENT CONTRACTOR ON ATTACHMENT 2 IS FOR FUNDRAISING AND OTHER CONSULTING SERVICES. FORM 990 PART IX LINE 11G DESCRIPTION:SUBSCRIPTION SERVICES TOTAL FEES:146400 FORM 990 PART IX LINE 11G DESCRIPTION:INDEPENDENT CONTRACTORS TOTAL FEES:1002162 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:339329 FORM 990 PART IX LINE 11G DESCRIPTION:EDITING & WRITING FEES TOTAL FEES:1575 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:17585