2014-07-24T10:48:29-05:00 2013-12-31 BKD LLP 201 N Illinois Street Indianapolis IN 46204 990 2013-01-01 351978359 THE FRIEDMAN FOUNDATION FOR EDUCATIONAL CHOICE INC % CAREY E FOLCO FRIE 3176810745 ONE AMERICAN SQUARE Suite 2420 INDIANAPOLIS IN 46282 Robert C Enlow President 3176810745 2014-08-15 true NICOLE B FISHBACK 3173834000 2013 2015-11-30 17:44:51Z ROBERT C ENLOW ONE AMERICAN SQUARE STE 2420 INDIANAPOLIS IN 46282 6173147 false X WWW.EDCHOICE.ORG X 1996 IN PROMOTING SCHOOL CHOICE IN ORDER TO IMPROVE, THROUGH COMPETITION, K-12 EDUCATION FOR ALL. 13 12 19 11 0 0 5278378 3962839 0 0 86589 1027583 -129241 -4595 5235726 4985827 1111800 1058500 0 0 1495754 1568360 0 0 590015 2281263 2582539 4888817 5209399 346909 -223572 7362855 7186494 241769 252129 7121086 6934365 THE FOUNDATION WAS ESTABLISHED BY MILTON AND ROSE D. FRIEDMAN IN 1996 TO EDUCATE THE PUBLIC ON THE NEED FOR AND BENEFITS OF PARENTAL SCHOOL CHOICE. OUR EDUCATIONAL WORK INCLUDES RESEARCH, COMMUNICATIONS AND MARKETING, PUBLIC OUTREACH, AND GRANT-MAKING. false false 1058500 1058500 GRANT MAKING: THE FOUNDATION AWARDED 75 GRANTS TO CHARITABLE ORGANIZATIONS FOR EDUCATIONAL PURPOSES. 2429068 EDUCATION ACTIVITIES - THE FOUNDATION WORKED AROUND THE COUNTRY TO EDUCATE THE PUBLIC ON THE PRACTICE AND BENEFITS OF SCHOOL CHOICE, IN EACH INSTANCE PROVIDING EDUCATIONAL SERVICES TO STATE-BASED ORGANIZATIONS, INDIVIDUALS AND POLICY MAKERS. THESE SERVICES INCLUDE: SPONSORING FACT-FINDING TRIPS TO CITIES/STATES WITH SCHOOL CHOICE PROGRAMS; HOSTING INFORMATIONAL SYMPOSIUMS; SPONSORING VISITS BY EXPERT SPEAKERS; TESTIFYING IN FRONT OF VARIOUS LEGISLATIVE BODIES AT THEIR REQUEST; PARENT EDUCATION EFFORTS AND TRAINING; MEDIA SUPPORT AND MEDIA TRAINING; PROVIDING TECHNICAL ADVICE ON THE DRAFTING OF LEGISLATION; AND SPONSORING MEETINGS WITH FOUNDATION STAFF AND VARIOUS SCHOOL CHOICE EXPERTS. 884211 RESEARCH AND COMMUNICATION - THE FOUNDATION PRODUCED PUBLICATIONS AND RESEARCH REPORTS INCLUDING, BUT NOT LIMITED TO, ITS BIMONTHLY NEWSLETTER (THE SCHOOL CHOICE ADVOCATE); STATE AND NATIONAL RESEARCH REPORTS; PUBLIC POLICY SURVEYS; AND OUR ANNUAL BROCHURE ENTITLED THE ABC'S OF SCHOOL CHOICE. THE FOUNDATION PRODUCED EDUCATIONAL MARKETING FLIERS AND PROMOTIONAL BROCHURES FOR STATE SCHOOL CHOICE PARTNERS. THE FOUNDATION UNDERTOOK POLLS IN EFFORTS TO GAUGE PUBLIC OPINION. 4371779 true true false true false false false false false false true false false false false false true false false false true false false false true false false true false true false false false false false false false false false false false false false false false false false true 51 0 true 19 true false false false false false true true false false false false X 13 12 true false false false false false false true true false false true true true true true true true false false AL AK AZ AR CA CT FL GA HI IL IN KS KY MD MA MI MN MS MO NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA WV WI X CAREY E FOLCO 3176810745 ONE AMERICAN SQUARE STE 2420 INDIANAPOLIS IN 46282 ROBERT C ENLOW PRESIDENT AND CEO 45.0 X X 220758 0 20964 PATRICK M BYRNE CHAIRMAN 2.0 X X 0 0 0 JANET FRIEDMAN MARTEL VICE CHAIRPERSON 2.0 X X 0 0 0 LAWRENCE A O'CONNOR JR TREASURER 1.0 X X 0 0 0 DAVID D FRIEDMAN DIRECTOR 1.0 X 0 0 0 CHARLES H BRUNIE DIRECTOR 1.0 X 0 0 0 WILLIAM J HUME DIRECTOR 1.0 X 0 0 0 FRED REAMS DIRECTOR 1.0 X 0 0 0 MICHAEL WALKER DIRECTOR 1.0 X 0 0 0 FRED S KLIPSCH DIRECTOR 1.0 X 0 0 0 VIRGINIA WALDEN-FORD DIRECTOR 1.0 X 6000 0 0 GREG GIANFORTE DIRECTOR 1.0 X 0 0 0 J SCOTT ENRIGHT SECRETARY 5.0 X X 0 0 0 CAREY E FOLCO V.P. OF OPERATIONS 40.0 X 84750 0 11040 LESLIE HINER V.P. OF PROGRAMS AND STATE 45.0 X 158250 0 5664 BRIAN MCGRATH SENIOR VICE PRESIDENT 40.0 X 140754 0 19272 610512 0 56940 3 false true false 0 23226 3939613 3962839 0 103602 103602 0 0 0 0 0 2101707 1177726 923981 923981 923981 4999 23226 9594 -4595 -4595 0 0 0 4985827 1022988 X 1058500 1058500 0 0 0 507427 303120 97139 107168 0 839047 616767 50509 171771 20411 15557 418 4436 114502 81930 8064 24508 86973 61323 9126 16524 0 18215 9577 8638 19861 19861 90000 90000 0 0 612873 580624 11746 20503 193261 193261 80901 54683 16217 10001 0 0 103445 77490 10345 15610 314145 290911 2962 20272 49104 49104 494478 480187 5627 8664 0 0 19390 14508 1939 2943 19232 14398 1923 2911 MAILING AND PRINTING FEES 396929 211677 3091 182161 STATE POLLING 76846 76846 SPEAKER/MODERATOR FEES 63497 63497 SPONSORED FEES 28839 26339 2500 1523 1480 43 5209399 4371779 247605 590015 717711 767039 2170505 1036158 0 0 10200 0 0 0 0 0 0 0 0 0 35627 12926 247020 184981 44262 62039 4384550 5308332 0 0 0 0 0 0 0 0 7362855 7186494 241769 252129 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 241769 252129 X 6666086 6782885 455000 151480 0 0 7121086 6934365 7362855 7186494 -223572 36851 X false true X true false X 3484296 4214115 4498513 5327738 3967838 21492500 0 0 3484296 4214115 4498513 5327738 3967838 21492500 9218562 12273938 134075 96407 59604 86589 103602 480277 0 0 21972777 0.55860 0.52581 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 34125 100173 134298 5075101 5209399 410470 102618 354167 355461 403371 410470 1523469 2285204 47404 81219 111684 134298 374605 88542 88865 100843 102618 380868 571302 15463 23721 41040 34125 114349 PART II-A THE FRIEDMAN FOUNDATION FOR EDUCATIONAL CHOICE IS NEVER INVOLVED IN POLITICAL CAMPAIGNS. THE SUBSTANTIAL ACTIVITY UNDERTAKEN BY THE FRIEDMAN FOUNDATION FOR EDUCATIONAL CHOICE IS EDUCATIONAL IN NATURE. THE FOUNDATION HAS MADE AN ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH A NONPROFIT ORGANIZATION WITH "H ELECTION," THE FOUNDATION 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 2013, THESE ACTIVITIES INCLUDED ALLOCATING STAFF TIME FOR DIRECT LOBBYING TO STATE LEGISLATORS AND ENCOURAGING THE GENERAL PUBLIC TO SUPPORT SPECIFIC LEGISLATION. 109647 55830 53817 137373 129151 8222 0 62039 5032272 36851 9594 46445 4985827 4985827 5218993 9594 9594 5209399 5209399 PART X, LINE 2 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. PART XI, LINE 2D $ 9,594 FUNDRAISING EXPENDITURES PART XII, LINE 2D $ 9,594 FUNDRAISING EXPENDITURES East Asia and the Pacific Program Services EDUCATION EVENTS 2000 Europe (Including Iceland and Greenland) Program Services EDUCATION EVENTS 11000 North America Program Services EDUCATION EVENTS 1000 Russia and the Newly Independent States Program Services EDUCATION EVENTS 1000 South America Program Services EDUCATION EVENTS 13000 South Asia Program Services EDUCATION EVENTS 14000 Sub-Saharan Africa Program Services EDUCATION EVENTS 1000 43000 43000 false false false false false false FIRE STARTER 28225 23226 4999 3078 4032 2484 0 28225 23226 4999 3078 4032 2484 9594 -4595 true Advance America Inc 101 W Ohio ST Indianapolis IN 46204 351510587 501(C)(3) 25000 SEE PART IV Alaska Policy Forum 201 Barrow St 8 Anchorage AK 99501 264380206 501(C)(3) 71000 SEE PART IV American Center for School Choice 1033 Shoreline Drive San Mateo CA 94404 262542860 501(C)(3) 10000 SEE PART IV Americans For Prosperity Foundation 2111 Wilson Blvd Arlington VA 22201 521527294 501(C)(3) 62000 SEE PART IV Educate New Mexico Inc PO Box 794 Albuquerque NM 87103 850467810 501(C)(3) 15000 SEE PART IV Educational Choice Illinois 155 North Wacker Chicago IL 60606 272479414 501(C)(3) 25000 SEE PART IV Foundation for Excellence in Education PO Box 10691 Tallahassee FL 32302 260615175 501(C)(3) 40000 SEE PART IV Great Schools 160 Spear St San Francisco CA 94105 943311628 501(C)(3) 25000 SEE PART IV Hispanic American Ctr for Economic Reform 910 17th St NW Washington DC 20006 541901356 501(C)(3) 18000 SEE PART IV Idaho Charter School Network PO Box 1166 Boise ID 83701 270654125 501(C)(3) 25000 SEE PART IV Indianapolis Urban League Inc 777 Indiana Avenue Indianapolis IN 46202 356060655 501(C)(3) 20000 SEE PART IV Josiah Bartlett Center for Public Policy 7 South State Street Concord NH 03301 223235650 501(C)(3) 30000 SEE PART IV Kansas Policy Institute 250 North Water Ste 216 Wichita KS 67202 237047821 501(C)(3) 21000 SEE PART IV Maine Heritage Policy Center PO Box 7829 Portland ME 04112 223888250 501(C)(3) 40000 SEE PART IV Network for Educational Opportunity 8 North Main St Ste 8 Concord NH 03301 770339399 501(C)(3) 50000 SEE PART IV Oklahoma Council of Public Affairs 1401 N Lincoln Oklahoma City OK 73104 731436375 501(C)(3) 126000 SEE PART IV Parents for Educational Freedom in North Carolina 434 Fayetteville St Raleigh NC 27601 870665297 501(C)(3) 70000 SEE PART IV Rhode Island Center for Freedom and Prosperity PO Box 10069 CRANSTON RI 02910 222632081 501(C)(3) 11000 SEE PART IV School Choice Indiana Inc 10439 Commerce Dr Ste 100 CARMEL IN 46032 451203094 501(C)(3) 213500 SEE PART IV Schools That Can 1040 First Avenue 346 NEW YORK NY 10022 203130699 501(C)(3) 10000 SEE PART IV South Carolinians for Responsible Government Fdn 1301 Gervais Street COLUMBIA SC 29201 800680757 501(C)(3) 21000 SEE PART IV Texas Public Policy Foundation 900 Congress Ave Ste 400 AUSTIN TX 78701 521703065 501(C)(3) 51000 SEE PART IV Thomas Jefferson Institute for Public Policy 9035 Golden Sunset LN SPRINGFIELD VA 22153 521358144 501(C)(3) 28000 SEE PART IV 23 PART I, LINE 2 THE FOUNDATION ACCEPTS APPLICATIONS FOR GRANTS THAT CONFORM TO THE FOUNDATION'S TAX-EXEMPT PURPOSE AND EDUCATIONAL MISSION. APPLICATIONS MUST INCLUDE A BRIEF DESCRIPTION OF THE PROJECT, AMOUNT REQUESTED, PROJECT BUDGET, METHOD TO EVALUATE SUCCESS, BOARD OF DIRECTORS LIST, AND FINANCIAL STATEMENTS. THE FOUNDATIONS PROGRAM STAFF REVIEWS THE REQUEST AND SUBMITS SUGGESTED GRANTS TO THE EXECUTIVE MANAGEMENT. AFTER APPROVAL, THE VICE PRESIDENT OF OPERATIONS REVIEWS THE REQUEST FOR PROPER DOCUMENTATION AND WRITES THE GRANT AGREEMENT WHICH IS SIGNED BY GRANTEE AND THE PAYMENT IS MADE. PROGRAM STAFF WORKS CLOSELY WITH GRANTEE TO ENSURE ADHERENCE TO AGREEMENT AND 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. PART II, LINE 1, COLUMN H *ADVANCE AMERICA INC. - SUPPORT FOR COMMUNITY OUTREACH AND EDUCATION FOR SCHOOL CHOICE IN INDIANA. *ALASKA POLICY FORUM INC. - SUPPORT FOR EDUCATIONAL MATERIALS REGARDING ALASKA'S EDUCATION CLIMATE AS WELL WAS HOSTING EDUCATIONAL INFORMATION SESSIONS AROUND THE STATE. *AMERICAN CENTER FOR SCHOOL CHOICE - SUPPORT TO HELP FUND DATA COLLECTION AND RESEARCH REGARDING THE CONTRIBUTIONS OF FAITH-BASED SCHOOLS TO AMERICAN EDUCATION AND THE DISSEMINATION OF THIS INFORMATION. *AMERICANS FOR PROSPERITY FOUNDATION - SUPPORT FOR THE PRODUCTION AND DISTRIBUTION OF TWO EDUCATIONAL VIDEOS ON THE IMPACT OF SCHOOL CHOICE IN MAINE. ALSO, SUPPORT TO CONDUCT EDUCATIONAL SCHOOL CHOICE TOWN HALLS, AND EDUCATE THE PUBLIC ON THE BENEFITS OF SCHOOL CHOICE IN THE STATE OF ALASKA. *EDUCATE NEW MEXICO INC. - SUPPORT FOR EDUCATING KEY STAKEHOLDERS IN EDUCATION REFORM IN NEW MEXICO. *EDUCATIONAL CHOICE ILLINOIS - SUPPORT FOR MARKET RESEARCH FOR THE CHICAGO PORTFOLIO AND SCHOLARSHIP PROGRAM. *FOUNDATION FOR EXCELLENCE IN EDUCATION - SUPPORT FOR DEVELOPMENT OF A WHITE PAPER ON EDUCATION SAVINGS ACCOUNTS. *GREAT SCHOOLS - GENERAL OPERATING SUPPORT FOR INDIANA GREAT SCHOOLS' EFFORTS TO PROVIDE INFORMATION TO PARENTS ON THE QUALITY OF THEIR SCHOOLING OPTIONS. *HISPANIC AMERICAN CENTER FOR ECONOMIC REFORM - SUPPORT TO HOST OR COORDINATE AN EVENT ON JULY 31, 2013, TO HONOR THE LEGACY OF MILTON FRIEDMAN AND HIS IDEAS. *IDAHO FREEDOM FOUNDATION INC. - SUPPORT FOR THE NETWORK'S MISSION TO SUPPORT IDAHO'S GROWING CHARTER SCHOOL COMMUNITY, AND TO EDUCATE IDAHOANS ABOUT THE VALUE OF SCHOOL CHOICE AND QUALITY EDUCATIONAL OPTIONS. *INDIANAPOLIS URBAN LEAGUE, INC. - SUPPORT TO HOST A SERIES OF MONTHLY COMMUNITY WORKSHOPS IN INDIANAPOLIS AIMED AT EDUCATING PARENTS ABOUT THEIR SCHOOLING OPTIONS. *JOSIAH BARTLETT CENTER FOR PUBLIC POLICY - GENERAL OPERATING SUPPORT TO EDUCATE THE PUBLIC OF NEW HAMPSHIRE ABOUT THE BENEFITS OF SCHOOL CHOICE. *KANSAS POLICY INSTITUTE - SUPPORT TO CONDUCT RESEARCH, CIVIC SCHOOL CHOICE EDUCATION, AND MARKETING OF THE RESEARCH FOR EDUCATIONAL PURPOSES. *MAINE HERITAGE POLICY CENTER - GENERAL OPERATING SUPPORT FOR EDUCATING THE PUBLIC, BUILDING SUPPORT, AND CONDUCTING ORIGINAL RESEARCH ON THE BENEFITS OF THE MAINE TOWN TUITIONING PROGRAM. *NETWORK FOR EDUCATIONAL OPPORTUNITY (FORMERLY ALLIANCE FOR THE SEPARATION OF SCHOOL & STATE INC.) - GENERAL OPERATING SUPPORT TO EDUCATE THE PUBLIC OF NEW HAMPSHIRE ABOUT THE BENEFITS OF SCHOOL CHOICE. *OKLAHOMA COUNCIL OF PUBLIC AFFAIRS INC. - GENERAL OPERATING SUPPORT FOR EDUCATIONAL ACTIVITIES, INCLUDING PROJECTS SUCH AS MILTON FRIEDMAN DISTINGUISHED FELLOW, SCHOOL CHOICE EXPO AND FACE OF SCHOOL CHOICE VIDEOS. ALSO, GENERAL OPERATING SUPPORT, INCLUDING SUPPORT FOR THE MILTON FRIEDMAN DISTINGUISHED FELLOW AND TWO EVENT SPONSORSHIPS. *PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA INC. - SUPPORT TO DISTRIBUTE, INCLUDING VIA WEBSITE, A POLICY PAPER THAT GIVES KEY FACTS ABOUT PRIVATE SCHOOL TUITION DATA IN NORTH CAROLINA. ALSO, GENERAL OPERATING SUPPORT FOR SCHOOL CHOICE EDUCATION IN NORTH CAROLINA. *RHODE ISLAND CENTER FOR FREEDOM AND PROSPERITY - SUPPORT TO CONDUCT CIVIC SCHOOL CHOICE EDUCATION, RESEARCH, AND WEBSITE DEVELOPMENT. *SCHOOL CHOICE INDIANA INC. - SUPPORT TO HELP COORDINATE A NATIONAL SCHOOL CHOICE WEEK EVENT IN SOUTH BEND, INDIANA. ALSO, GENERAL OPERATING SUPPORT TO EDUCATE THE PUBLIC ON INDIANA'S SCHOOL CHOICE PROGRAM. *SCHOOLS THAT CAN - SUPPORT TO SPONSOR THE 2013 SCHOOLS THAT CAN NATIONAL FORUM IN MILWAUKEE, WI, TO EDUCATE THE PUBLIC ON SCHOOL CHOICE BY SHARING THE FRIEDMAN VISION. *SOUTH CAROLINIANS FOR RESPONSIBLE GOVERNMENT FOUNDATION - SUPPORT FOR EDUCATIONAL MATERIALS ON SCHOOL CHOICE TO BE DISTRIBUTED TO POLICY-MAKERS AND THE PUBLIC IN SOUTH CAROLINA. *TEXAS PUBLIC POLICY FOUNDATION - SUPPORT TO ENGAGE DR. MATTHEW LADNER IN SCHOOL CHOICE RESEARCH IN TEXAS FOR THE PURPOSE OF EDUCATING POLICYMAKERS AND THE PUBLIC ON SCHOOL CHOICE. *THOMAS JEFFERSON INSTITUTE FOR PUBLIC POLICY - SUPPORT FOR COMMUNICATIONS EFFORTS AIMED AT EDUCATING THE DONOR-ADVISOR COMMUNITY ABOUT SCHOOL CHOICE AND TAX CREDIT SCHOLARSHIP OPPORTUNITIES IN VIRGINIA. THE FOLLOWING ORGANIZATIONS RECEIVED ADDITIONAL SUPPORT, WHICH IS INCLUDED IN THE AMOUNTS REPORTED ON PART II, TO HOST OR COORDINATE AN EVENT ON JULY 31, 2013, TO HONOR THE LEGACY OF MILTON FRIEDMAN AND HIS IDEAS: *ALASKA POLICY FORUM INC. *AMERICANS FOR PROSPERITY FOUNDATION *HISPANIC AMERICAN CENTER FOR ECONOMIC REFORM *KANSAS POLICY INSTITUTE *OKLAHOMA COUNCIL OF PUBLIC AFFAIRS INC. *RHODE ISLAND CENTER FOR FREEDOM AND PROSPERITY *SOUTH CAROLINIANS FOR RESPONSIBLE GOVERNMENT FOUNDATION *TEXAS PUBLIC POLICY FOUNDATION *THOMAS JEFFERSON INSTITUTE FOR PUBLIC POLICY X X X X false false false false false false false false false ROBERT C ENLOW PRESIDENT AND CEO 220758 0 0 0 0 0 5748 0 15216 0 241722 0 0 0 LESLIE HINER V.P. OF PROGRAMS AND STATE 158250 0 0 0 0 0 3600 0 2064 0 163914 0 0 0 BRIAN MCGRATH SENIOR VICE PRESIDENT 140754 0 0 0 0 0 4200 0 15072 160026 0 0 FORM 990, PART V, LINE 1C THE FOUNDATION 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 JANET FRIEDMAN MARTEL AND DAVID D. FRIEDMAN ARE SIBLINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM, IN CONJUNCTION WITH THE FOUNDATION'S VICE PRESIDENT OF OPERATIONS AND CONTROLLER. THE FORM 990 IS REVIEWED BY THE FOUNDATION'S PRESIDENT & 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 THE FOUNDATION'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 THE FOUNDATION. 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 FOUNDATION, 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 FOUNDATION'S VICE PRESIDENT OF OPERATIONS. IN ADDITION, THE EXECUTIVE STAFF OF THE FOUNDATION 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 FOUNDATION. FORM 990, PART VI, SECTION B, LINE 15A THE FOUNDATION'S BOARD OF DIRECTORS HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY. THE PURPOSE OF THE POLICY IS TO ENSURE THAT THE FOUNDATION'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 9, 2013, 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 2013. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 18 PAYMENTS ARE FOR TRAVEL EXPENSES INCURRED DURING FACT-FINDING EDUCATIONAL TRIPS AND EDUCATIONAL SEMINARS HOSTED BY THE FOUNDATION. EXPENSES COVERED INCLUDED TRANSPORTATION, HOTEL AND MEALS. FORM 990 PART IX LINE 11G DESCRIPTION:INDEPENDENT CONTRACTORS TOTAL FEES:344200 FORM 990 PART IX LINE 11G DESCRIPTION:SUBSCRIPTION SERVICES TOTAL FEES:19130 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:176649 FORM 990 PART IX LINE 11G DESCRIPTION:EDITING & WRITING FEES TOTAL FEES:7198 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:65696