2018-05-15T09:24:02-05:00 2017-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2017-01-01 351978359 EdChoice Inc % CAREY E FOLCO EDCH 3176810745 111 MONUMENT CIRCLE SUITE 2650 INDIANAPOLIS IN 46204 ROBERT C ENLOW PRESIDENT AND CEO 3176810745 2018-05-15 true NICOLE B FISHBACK P01279475 3173834000 2018-05-15 167.68.126.162 43033020181355000003 2018-05-15 P 7A3918F54FB33634FB28EDFB12105AF57F04990A 138D13FCD086859C0071F184BAA9884621118BF7 2017 2021-01-29 14:40:06Z ROBERT C ENLOW 111 MONUMENT CIRCLE STE 2650 INDIANAPOLIS IN 46204 8519946 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. 10 9 25 9 0 0 6372528 7500897 0 0 597814 655173 0 26931 6970342 8183001 976015 1191500 0 0 1827276 2479931 44500 36000 662377 3646340 3978206 6494131 7685637 476211 497364 14099927 14999676 646725 841701 13453202 14157975 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 1620505 61000 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 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. 2267470 134500 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. 2821380 995000 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 EDUCATION EFFORTS AND TRAINING, INFORMING MEDIA, PROVIDING TECHNICAL ADVICE ON THE DRAFTING OF LEGISLATION, AND SPONSORING VISITS BY EXPERT SPEAKERS. 6709355 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 false false false false false false false false false true X 72 0 25 true false false false false false false false false false false X 10 9 true false false false false false false true true false false true true true true true true true false false AL AK AR CA CT 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 324000 0 23772 PATRICK M BYRNE CHAIRMAN 2.0 0.0 X X 0 0 0 LAWRENCE A O'CONNOR JR 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 FRED S KLIPSCH DIR/VICE CHAIRMAN (BEG 6/9/17) 1.0 0.0 X 0 0 0 VIRGINIA WALDEN-FORD DIRECTOR 1.0 0.0 X 8000 0 0 J SCOTT ENRIGHT SECRETARY 5.0 0.0 X X 0 0 0 JANET FRIEDMAN MARTEL VICE CHAIRPERSON (END 6/9/17) 2.0 0.0 X X 0 0 0 CAREY E FOLCO V.P. OF OPERATIONS 40.0 0.0 X 95600 0 14621 LESLIE HINER V.P. OF PROGRAMS 45.0 0.0 X 166171 0 10096 BRIAN MCGRATH V.P. OF EXTERNAL RELATIONS 40.0 0.0 X 143486 0 19369 PAUL DIPERNA V.P. OF RESEARCH & INNOVATION 40.0 0.0 X 111500 0 22254 JENNIFER WAGNER V.P. OF COMMUNICATIONS 40.0 0.0 X 118958 0 17904 967715 0 108016 5 false true false BRAUN RESEARCH INCORPORATED 271 WALL STREET PRINCETON NJ 08540 MARKET RESEARCH 158550 ARGENTUM 6077 S FORT APACHE RD SUITE 130 LAS VEGAS NV 89148 GOVT/PUBLIC AFFAIRS 131500 PODESTA GROUP 1001 G STREET NW SUITE 1000 WEST WASHINGTON DC 20001 PUBLIC RELATIONS 134415 6 7500897 7500897 0 599800 599800 0 0 0 0 0 392318 336945 55373 55373 55373 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 26931 26931 26931 8183001 682104 1190500 1190500 0 1000 1000 0 642260 445594 95399 101267 0 1455882 1128030 91652 236200 33450 26244 2253 4953 206209 157292 14779 34138 142130 108581 12340 21209 0 2254 2254 26676 26676 141429 141429 36000 36000 0 718268 672428 17235 28605 431438 426947 120 4371 148103 121875 17134 9094 0 0 134888 111688 9280 13920 329482 307289 7857 14336 98867 98867 836979 817178 9102 10699 0 0 48666 38933 3893 5840 19275 15420 1542 2313 MAILING AND PRINTING FEES 405351 277200 2389 125762 STATE POLLING 200595 200595 SPEAKER/MODERATOR FEES 139117 139117 SPONSORED EVENTS 296813 283148 13665 5 5 7685637 6709355 313905 662377 944074 307159 1169655 604232 200000 564000 0 0 0 0 0 0 0 0 0 0 39242 136853 478743 104021 412129 374722 11334827 13012710 0 0 0 0 0 0 0 0 14099927 14999676 646725 801201 0 0 0 40500 0 0 0 0 0 0 0 0 0 0 0 0 646725 841701 X 13182400 13296410 270802 861565 0 0 13453202 14157975 14099927 14999676 497364 207409 X false true X true false X 3967838 10063080 6727472 6372528 7500897 34631815 0 0 3967838 10063080 6727472 6372528 7500897 34631815 5357360 29274455 103602 149501 300697 424369 599800 1577969 0 26931 26931 36236715 0.80787 0.80129 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11685 136489 148174 6875086 7023260 501163 125291 false 394088 470806 447550 501163 1813607 2720411 107576 166227 5504 148174 427481 98522 117702 111888 125291 453403 680105 20000 3456 3293 11685 38434 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 LIMITED LOBBYING ACTIVITIES IN CERTAIN STATES TO AID IN THE PASSAGE OF LEGISLATION THAT ENABLES PARENTS TO RECEIVE A PUBLICLY FUNDED VOUCHER OR A TAX CREDIT FUNDED SCHOLARSHIP TO SEND THEIR CHILDREN TO APPROVED PRIVATE SCHOOLS. IN 2017, THESE ACTIVITIES INCLUDED ALLOCATING STAFF TIME FOR DIRECT LOBBYING TO STATE LEGISLATORS AND ENCOURAGING THE GENERAL PUBLIC TO SUPPORT SPECIFIC LEGISLATION. 292039 40551 251488 186704 63470 123234 374722 8390410 207409 207409 8183001 8183001 7685637 7685637 7685637 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 X true FUENTES STRATEGIC CONSULTING INC 3 PARK PLAZA SUITE 1400 IRVINE CA 92614 FUNDRAISING CA ONLY false 33000 33000 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 FUNDRAISERS: THE ORGANIZATION ENGAGED FUENTES STRATEGIC CONSULTING, INC., TO DEVELOP SIGNIFICANT CONTACTS AND DONORS IN CALIFORNIA. IN 2017, FUENTES CONTINUED WORKING TO GENERATE NEW DONORS, BUT NO FUNDS WERE RAISED ATTRIBUTABLE TO THEIR EFFORTS. true 100 Black Men of America Inc 141 Auburn Avenue Atlanta GA 30303 581974429 501(C)(3) 29500 SEE PART IV Agudath Israel of America Inc 4700 Ashwood Drive Suite 200 Cincinnati OH 45241 135604164 501(C)(3) 50000 SEE PART IV Cardinal Institute for West Virginia Policy PO Box 11495 Charleston WV 25339 471932521 501(C)(3) 100000 SEE PART IV Chalkbeat Inc 1250 Broadway 30th Floor New York NY 10001 900915846 501(C)(3) 25000 SEE PART IV Free To Choose Network 2002 Filmore Avenue Erie PA 16506 521455677 501(C)(3) 10000 SEE PART IV Institute for Quality Education 101 West Ohio Street Suite 700 Indianapolis IN 46204 351836687 501(C)(3) 200000 SEE PART IV Iowa Alliance for Choice in Education PO Box 12219 Des Moines IA 50312 204240578 501(C)(3) 290000 SEE PART IV Mississippi Center for Public Policy PO Box 13514 Jackson MS 39236 640797905 501(C)(3) 50000 SEE PART IV Nevada Action for Choice Access 900 South Las Vegas Boulevard 101 Las Vegas NV 89101 820930795 501(C)(3) 200000 SEE PART IV Opportunity for All Kids Foundation 525 Park Street Suite 210 St Paul MN 55103 475201351 501(C)(3) 30000 SEE PART IV Palmetto Promise Institute PO Box 12676 Columbia SC 29211 263077338 501(C)(3) 100000 SEE PART IV Parents for Educational Freedom in North Carolina 434 Fayetteville Street Suite 1620 Raleigh NC 27601 202754466 501(C)(3) 50000 SEE PART IV Step Up for Students Inc PO Box 54429 Jacksonville FL 32245 593649371 501(C)(3) 50000 SEE PART IV 13 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 NOTED IN THE GRANT AGREEMENT. SCHEDULE I, PART II, LINE 1, COLUMN H PURPOSE OF GRANT OR ASSISTANCE: *100 BLACK MEN OF AMERICA, INC. SUPPORT TO PROMOTE EDUCATIONAL CHOICE THROUGH THE PRODUCTION OF THE "AUTHENTIC VOICES" DOCUMENTARY COVERING THE 100'S "MOBILIZING THE VILLAGE" EDUCATION CONVERSATIONS. *AGUDATH ISRAEL OF AMERICA INC - GENERAL OPERATING SUPPORT FOR EDUCATIONAL WORK TO HELP ADVANCE THE UNDERSTANDING OF AND NEED FOR UNIVERSAL EDUCATIONAL CHOICE. *CARDINAL INSTITUTE FOR WEST VIRGINIA POLICY GENERAL OPERATING SUPPORT FOR EDUCATIONAL ACTIVITIES THAT INCLUDE RESEARCH, PARTNERSHIP BUILDING AND COMMUNICATIONS. *CHALKBEAT, INC. GENERAL OPERATING SUPPORT TO ADVANCE EDUCATIONAL CHOICE BY SUPPORTING HIGH-QUALITY JOURNALISM FOCUSED ON EDUCATION ISSUES IN INDIANA. *FREE TO CHOOSE NETWORK SUPPORT FOR MARKETING EFFORTS ON BEHALF OF SCHOOL INC., A DOCUMENTARY BEING SHOWN ON PUBLIC TELEVISION STATIONS. *INSTITUTE FOR QUALITY EDUCATION INC - GENERAL OPERATING SUPPORT FOCUSING ON IMPROVING THE QUALITY OF EDUCATION FOR ALL INDIANA STUDENTS BY: ENGAGING AND INFORMING PARENTS, EDUCATORS AND POLICY MAKERS; ANALYZING DATA, AND PROMOTING AND IMPLEMENTING EDUCATIONAL CHOICE POLICIES. *IOWA ALLIANCE FOR CHOICE IN EDUCATION GENERAL OPERATING SUPPORT FOR EDUCATIONAL ACTIVITIES PROMOTING EDUCATION CHOICE IN IOWA. *MISSISSIPPI CENTER FOR PUBLIC POLICY SUPPORT FOR LEGAL DEFENSE OF CURRENT AND FUTURE SCHOOL CHOICE PROGRAMS IN MISSISSIPPI, AS WELL AS SUPPORT FOR THE EDUCATION AND PROMOTION OF EDUCATION CHOICE PROGRAMS. *NEVADA ACTION FOR CHOICE ACCESS GENERAL OPERATING SUPPORT FOR EDUCATIONAL ACTIVITIES PROMOTING EDUCATION CHOICE IN NEVADA. *OPPORTUNITY FOR ALL KIDS FOUNDATION SUPPORT TO BUILD GREATER AWARENESS AND ELEVATE PUBLIC SUPPORT FOR EDUCATION CHOICE, SPECIFICALLY IN THE MINORITY COMMUNITY IN MINNEAPOLIS. *PALMETTO PROMISE INSTITUTE SUPPORT TO PROMOTE THE BENEFITS OF EDUCATION CHOICE PROGRAMS IN SOUTH CAROLINA, EMPHASIZING THE FISCAL AND SOCIETAL IMPACTS OF EDUCATION SAVINGS ACCOUNTS. *PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA INC. GENERAL SUPPORT FOR AWARENESS CAMPAIGN FOR PROMOTIONAL AND ADVOCACY EFFORTS AROUND THE SPECIAL NEEDS EDUCATION SAVINGS ACCOUNT IN NORTH CAROLINA: EXCEPTIONAL EDUCATION FOR EXCEPTIONAL CHILDREN. *STEP UP FOR STUDENTS, INC. SUPPORT TO DEVELOP AND ONLINE SELF-SERVICE MODEL OF EDUCATION SAVINGS ACCOUNT. X X X X false false false false false false false true false ROBERT C ENLOW PRESIDENT & CEO 249000 0 75000 0 0 0 7500 0 16272 0 347772 0 0 0 LESLIE HINER V.P. OF PROGRAMS 162996 0 3175 0 0 0 4950 0 5146 0 176267 0 0 0 BRIAN MCGRATH V.P. OF EXTERNAL RELATIONS 131686 0 11800 0 0 0 3965 0 15404 0 162855 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. Brian McGrath received a discretionary bonus determined by the President and CEO, and reviewed by the Executive Compensation Committee, for exceeding certain annual goals of the organization. Leslie Hiner received a merit bonus determined by the President and CEO. 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 A, LINE 2 KEY OFFICER OR EMPLOYEE WITH FAMILY RELATIONSHIP WITH ANY OTHER OFFICER: JANET FRIEDMAN MARTEL AND DAVID D. FRIEDMAN ARE SIBLINGS. 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 DECEMBER 20, 2016, 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 2017. 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 12 REPORTABLE COMPENSATION: VIRGINIA WALDEN-FORD WORKS WITH THE ORGANIZATION AS PART OF THE EDCHOICE 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 IX, LINE 18 PAYMENTS FOR TRAVEL FOR PUBLIC OFFICIALS: PAYMENTS ARE FOR TRAVEL EXPENSES INCURRED DURING FACT-FINDING EDUCATIONAL TRIPS AND EDUCATIONAL SEMINARS HOSTED BY EDCHOICE,INC. EXPENSES COVERED INCLUDED TRANSPORTATION, HOTEL AND MEALS.