2012-07-12T08:29:46-05:00 2011-08-31 MCGLADREY LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2010-09-01 420841485 ACT INC ACTI 3193371000 PO BOX 168 IOWA CITY IA 522430168 THOMAS J GOEDKEN 3193371000 2012-07-02 1 KAY HEGARTY 3192985333 2010 2016-02-24 21:20:13Z JON WHITMORE PO BOX 168 IOWA CITY IA 522430168 324150079 0 X WWW.ACT.ORG X 1960 IA HELPING PEOPLE ACHIEVE EDUCATION AND WORKPLACE SUCCESS 14 10 1959 703 13366949 424173 1660477 1933784 260965498 277064750 11486908 14401801 0 0 274112883 293400335 9400478 2617924 0 0 93121302 101375814 0 0 0 135689362 140535943 238211142 244529681 35901741 48870654 392693266 454190773 88236030 86673170 304457236 367517603 X ACT, INC. (ACT) WAS ESTABLISHED AS A CORPORATION NOT FOR PECUNIARY PROFIT UNDER THE LAWS OF THE STATE OF IOWA ON AUGUST 23, 1960. THE PURPOSE AND MISSION OF ACT IS TO ADVANCE EDUCATION BY PROVIDING PROGRAMS, SERVICES, AND CONDUCTING RESEARCH THAT ASSISTS: A) INDIVIDUALS PLANNING AND PURSUING EDUCATION AND TRAINING, B) EDUCATORS DELIVERING INSTRUCTION AND TRAINING, AND C) POLICY MAKERS CONCERNED WITH ENSURING THAT INDIVIDUALS ARE READY FOR EDUCATION AND WORKPLACE SUCCESS. 1 1 183459189 2483374 228038383 EDUCATION ASSESSMENT PROGRAM - ACT'S EDUCATION ASSESSMENT PROGRAM IS DESIGNED AND DEVELOPED TO INFORM INDIVIDUALS (AND THOSE HELPING THEM) ABOUT THE KNOWLEDGE AND SKILLS NEEDED FOR SUCCESS IN EDUCATION AND EVENTUALLY CAREER. INFORMATION RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS ENABLE INDIVIDUALS TO PREPARE THEMSELVES FOR A NEXT LEVEL OF EDUCATION AND/OR TRAINING. THE ASSESSMENTS PROVIDE EDUCATORS AND TRAINERS WITH INFORMATION USEFUL IN GUIDING THEIR TEACHING AND INSTRUCTION. COLLECTIVELY, DATA RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS FACILITATES RESEARCH ON EFFECTIVE EDUCATIONAL PRACTICES OF VALUE TO NATIONAL, STATE AND LOCAL EDUCATORS AND POLICY MAKERS. 32071458 134550 49026367 WORKFORCE DEVELOPMENT ASSESSMENT PROGRAM - ACT'S WORKFORCE DEVELOPMENT ASSESSMENT PROGRAM IS COMPLEMENTARY OF ITS EDUCATION ASSESSMENT PROGRAM IN THAT IT FOCUSES ON HELPING INDIVIDUALS TO ACQUIRE THE SKILLS THAT THEY NEED FOR SUCCESS IN THE WORKPLACE. THE PROGRAM IS A COMPONENT PART OF THE OVERALL EDUCATION PROCESS AND HELPS INDIVIDUALS TO UNDERSTAND THE SKILLS THEY WILL NEED TO BE READY FOR WORKPLACE RELATED EDUCATION AND TRAINING PROGRAMS. THE ASSESSMENTS ARE USED WIDELY BY EDUCATORS AND TRAINERS TO PRESCRIBE AND PROVIDE INSTRUCTIONAL INTERVENTIONS FOR THOSE INDIVIDUALS. COLLECTIVELY, DATA RESULTING FROM THE ADMINISTRATION OF THE ASSESSMENTS ENABLES RESEARCH ON NATIONAL, STATE, AND REGIONAL SKILL GAPS IN THE LABOR POOL AND FACILITATES DECISIONS AND STRATEGIES FOR ADDRESSING THEM. 215530647 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 0 1 X 10859 0 1 1959 1 1 1 1 NL HK KS CH AS SP ID 0 0 0 0 0 0 0 0 X 14 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 CA GA IL IN IA LA MA MI MN NH NY OH OR X THOMAS J GOEDKEN 3193371000 500 ACT DRIVE IOWA CITY IA 522430168 X JON S WHITMORE 60.00 X X 171324 0 28770 MARK D MUSICK 5.00 X X 86975 0 16500 BELLE S WHEELAN 3.00 X X 40625 0 0 DIXIE L AXLEY 3.00 X 57750 0 0 JAMES E BOSTIC JR 3.00 X 54750 0 0 SARITA E BROWN 3.00 X 46550 0 0 CARL A COHN 3.00 X 51250 0 0 D ROBERT GRAHAM 3.00 X 41250 0 0 KAREN A HOLBROOK 3.00 X 49250 0 0 ROBERTS T JONES 3.00 X 44750 0 0 CHARLES B REED 3.00 X 55250 0 0 RICHARD W RILEY 3.00 X 28250 0 16500 J THEODORE SANDERS 4.00 X 70375 0 0 VIVIEN STEWART 4.00 X 0 0 0 THOMAS J GOEDKEN 59.00 X 322517 0 51908 CYNTHIA SCHMEISER 57.00 X 756016 0 58229 MARTIN L SCAGLIONE 55.00 X 295780 0 45868 JON ERICKSON 74.00 X 229604 0 99137 ARTHUR C PETERS 56.00 X 228644 0 39889 JANET GODWIN 52.00 X 162612 0 42145 RANJIT SIDHU 43.00 X 286822 0 46414 THOMAS SATERFIEL 45.00 X 225199 0 50990 ROSE RENNEKAMP 46.00 X 212939 0 40270 CHARLES SMITH 39.00 X 207497 0 30226 DOUGLAS F BECKER 52.00 X 202257 0 42806 RICHARD L FERGUSON 61.00 X 1337558 0 43461 5265794 0 653113 77 1 1 1 NCS PEARSON INC 2510 N DODGE ST IOWA CITY IA 52245 COMPUTER PROCESSING 24872298 MSI SYSTEMS INTEGRATORS 14301 1ST NATIONAL PKWY STE 400 OMAHA NE 68154 DATA PROCESSING 3297373 VON HOFFMAN CORP AN RR DONNELLY COMPANY PO BOX 7060 ST LOUIS MO 63195 PUBLISHING SERVICES 3217947 FEDERAL EXPRESS CORP 942 S SHADY GROVE RD MEMPHIS TN 38120 FREIGHT AND SHIPPING 2622461 UNITED PARCEL SERVICE LOCKBOX 77 CAROL STREAM IL 60132 FREIGHT AND SHIPPING 2209446 54 1933784 1933784 EDUCATIONAL ASSESSMENT 611710 228038383 228038383 WORKFORCE DEVELOPMENT 541900 49026367 35659418 13366949 277064750 6888811 6888811 38239734 23000 30709213 40531 7530521 -17531 7512990 7512990 293400335 263697801 13366949 14401801 617924 617924 2000000 2000000 3260181 1828677 1431504 73573049 66312257 7260792 8894373 7944612 949761 10290762 9177798 1112964 5357449 4785291 572158 1383602 1383602 408578 408578 72067 72067 1058391 1058391 34220254 30411106 3809148 626498 522674 103824 26859031 23123745 3735286 9627917 8724878 903039 1003 1042 -39 5922187 4971279 950908 6023404 5147552 875852 2975375 1826956 1148419 924117 924117 10828318 8226574 2601744 477623 477623 TEST ADMINISTRATION 37771760 37771449 311 BAD DEBTS 840982 840982 MEMBERSHIP FEES 177742 111698 66044 FEDERAL TAXES (UBIT) 167947 167947 STATE TAXES (UBIT) 1339 1339 167808 18683 149125 244529681 215530647 28999034 0 32800740 66964039 21257982 21067266 1444792 2906250 2821025 4448290 6232080 142174165 77899587 66085753 64274578 242313238 254242152 3341680 16671117 15702631 8953628 6209896 9146902 392693266 454190773 21292346 19607149 27450309 25986735 33875000 32865000 75389 34018 2949150 5542986 5231118 88236030 86673170 X 304457236 367517603 304457236 367517603 392693266 454190773 X 48870654 14189713 X X 0 1 1 X 1 1 X 640000 1660477 1933784 4234261 201972325 215000757 230131241 260965498 263697801 1171767622 201972325 215000757 230771241 262625975 265631585 1176001883 744764 1856626 1961524 4562914 35366570 28301121 29868001 30934592 33418101 157888385 35366570 28301121 30612765 32791218 35379625 162451299 1013550584 8012395 7876843 7036999 6419666 6888811 36234714 8012395 7876843 7036999 6419666 6888811 36234714 604781 193568 215650 132124 424173 1570296 210589501 223071168 238023890 269177765 272944569 1213806893 0.83500 0.82950 0.02990 0.03170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 72065 0 0 72065 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: ACT HAS CERTAIN EMPLOYEES LOCATED IN WASHINGTON, D.C. THAT ARE REGISTERED LOBBYISTS. IN ADDITION, ACT CONTRACTED WITH LOBBYING FIRMS DURING THE YEAR TO ASSIST IN MONITORING FEDERAL AND STATE LEGISLATIVE ACTIVITY AND HELPING TO STRENGTHEN ACT'S RELATIONSHIPS WITHIN EACH STATE CONCERNING ACT INITIATIVES AND PROGRAMS. 4922649 4922649 68154538 20869652 47284886 5329945 4694915 635030 63729554 52335020 11394534 37479 37479 64274578 INTEREST RATE SWAP 2140445 POST RETIREMENT BENEFIT PLAN OBLIGATIONS 3090673 5231118 293400335 244529681 48870654 12484947 1704766 14189713 63060367 307206590 12484947 1303777 13788724 293417866 -17531 -17531 293400335 245146223 3540659 3540659 241605564 2924117 2924117 244529681 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FIN 48 FOOTNOTE FROM AUDITED FINANCIAL REPORT, NOTES 1 AND 4: NOTE 1 - INCOME TAXES ACT WAS INCORPORATED UNDER THE NONPROFIT CORPORATION ACT OF IOWA ON AUGUST 23, 1960 AND WAS GRANTED EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS OF MAY 3, 1965. SEE NOTE 4 FOR INFORMATION ON INCOME TAXES ON UNRELATED BUSINESS INCOME. ACT FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. WHEN THESE RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHERS ARE SUBJECT TO UNCERTAINTY ABOUT THE MERITS OF THE TAX POSITION TAKEN OR THE AMOUNT OF THE POSITION THAT WOULD ULTIMATELY BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO NOT-FOR-PROFIT ORGANIZATIONS INCLUDE SUCH MATTERS AS THE FOLLOWING: THE TAX EXEMPT STATUS OF EACH ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME (UBIT). UBIT IS REPORTED ON FORM 990-T, AS APPROPRIATE. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES THAT IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE "MORE LIKELY THAN NOT" RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50 PERCENT LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS IN THE ACCOMPANYING BALANCE SHEETS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. NOTE 4 - INCOME TAX MATTERS ACT HAS CERTAIN REVENUE FROM PROGRAMS AND SERVICES THAT, BY VIRTUE OF A 1980 AGREEMENT WITH THE INTERNAL REVENUE SERVICE, IS DEEMED TO BE UNRELATED TO ITS TAX-EXEMPT PURPOSE AND, THEREFORE, MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAX. AS OF AUGUST 31, 2011 AND 2010, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. FORMS 990 AND 990-T FILED BY ACT ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF EACH RETURN. FORMS 990 AND 990-T FILED BY ACT ARE NO LONGER SUBJECT TO EXAMINATION FOR THE FISCAL YEARS ENDED AUGUST 31, 2007 AND PRIOR. PART XI, LINE 8 - OTHER ADJUSTMENTS: NET APPRECIATION IN FAIR VALUE OF INTEREST RATE SWAPS 323,404. (DECREASE) IN NET ASSETS - FOREIGN SUBSIDIARIES -409,647. (DECREASE) IN NET ASSETS - ACT BRIDGE -658,320. EQUITY IN NET LOSS OF NONMARKETABLE EQUITY SECURITIES -550,671. PROGRAM-RELATED INVESTMENT REPORTED AS GRANT PER FORM 990 INSTRUCTIONS 2,000,000. CAPITAL CONTRIBUTION 1,000,000. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET APPRECIATION IN FAIR VALUE OF INTEREST RATE SWAPS 323,404. INTEREST EXPENSE NETTED WITH REVENUE FOR AUDIT -924,117. INTERCOMPANY REVENUE - AES -136,478. INTERCOMPANY REVENUE - ABS -34,736. ACT INTERNATIONAL REVENUE - SEPARATE ENTITIES 2,626,375. EQUITY IN NET LOSS OF NONMARKETABLE EQUITY SECURITIES -550,671. PART XII, LINE 4B - OTHER ADJUSTMENTS: (LOSS) ON SALE OF EQUIPMENT -17,531. PART XIII, LINE 2D - OTHER ADJUSTMENTS: INTERCOMPANY REVENUE- AES -136,478. INTERCOMPANY REVENUE- ABS -34,736. ACT INTERNATIONAL EXPENSES - SEPARATE ENTITIES 3,036,022. ACT BRIDGE EXPENSES - SEPERATE ENTITY 658,320. LOSS ON SALE OF EQUIPMENT 17,531. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE NETTED WITH REVENUE FOR AUDIT 924,117. PROGRAM-RELATED INVESTMENT REPORTED AS GRANT PER FORM 990 INSTRUCTIONS 2,000,000. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES TESTING SERVICES 29056 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES TESTING SERVICES 161762 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES TESTING SERVICES 130473 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES TESTING SERVICES 114990 NORTH AMERICA 0 0 PROGRAM SERVICES TESTING SERVICES 943660 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES TESTING SERVICES 7778 SOUTH AMERICA 0 0 PROGRAM SERVICES TESTING SERVICES 34590 SOUTH ASIA 0 0 PROGRAM SERVICES TESTING SERVICES 24551 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES TESTING SERVICES 20620 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANTS AND OTHER ASSISTANCE TO RECIPIENTS LOCATED IN REGION N/A 2000000 0 0 0 1446860 2020620 3467480 EUROPE (INCLUDING ICELAND & GREENLAND) CAPITAL CONTRIBUTION TO CONTROLLED FOREIGN CORPORATION FOR GENERAL SUPPORT 2000000 WIRE TRANSFER 0 N/A N/A 0 1 1 0 1 0 0 1 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ACT, INC. CONDUCTS SOME PROGRAM-RELATED ACTIVITIES THROUGH 100% OWNED CORPORATIONS ORGANIZED IN FOREIGN COUNTRIES AS DETAILED IN FORM 990, SCH R, PART IV. DURING THE YEAR, ACT, INC. MADE A CONTRIBUTION OF CAPITAL TO ONE SUCH FOREIGN CORPORATION LOCATED IN EUROPE. THE $2,000,000 CONTRIBUTION OF CAPTIAL IS BEING REPORTED AS GRANTS AND OTHER ASSISTANCE TO ORGANIZATIONS OR ENTITIES OUTSIDE THE UNITED STATES PURSUANT TO FORM 990 INSTRUCTIONS. AS THE 100% OWNER OF THE RECIPIENT FOREIGN CORPORATION, ACT, INC. MAINTAINS FULL CONTROL AND OVERSIGHT OF THE USE OF THE FUNDS FOR EXEMPT PURPOSES. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: THE FOREIGN EXPENDITURES FOR PROGRAM SERVICES REPORTED IN COLUMN (F) RELATE TO THE ADMINISTRATION OF ACT ASSESSMENTS INTERNATIONALLY. ACT MAY HAVE OTHER FOREIGN EXPENDITURES IN THE REGIONS LISTED THAT SUPPORT THE PROGRAMS OF ACT'S FOREIGN SUBSIDIARIES. THESE AMOUNTS ARE NOT SEPARATELY TRACKED AND ARE NOT REFLECTED IN THE AMOUNTS REPORTED. 1 DATA QUALITY CAMPAIGN INC 1250 H ST NW STE 825 WASHINGTON DC 20005 274566795 501(C)(3) 100000 N/A N/A GENERAL SUPPORT COMMUNITY FOUNDATION OF JOHNSON COUNTY 325 E WASHINGTON ST IOWA CITY IA 52240 421508117 501(C)(3) 75000 N/A N/A $25,000 UNITED WAY HEALTHY KIDS SCHOOL BASED CLINICS; $50,000 CORALVILLE CTR FOR THE PERFORMING ARTS PLEDGE WESTERN INTERSTATE COMMISSION FOR HIGHER EDUCATION 3035 CENTER GREEN DR STE 200 BOULDER CO 80301 846008945 501(C)(3) 75000 N/A N/A SECOND PLEDGE PAYMENT UNITED WAY OF JOHNSON COUNTY 1150 5TH ST STE 290 CORALVILLE IA 52241 426062055 501(C)(3) 73404 N/A N/A GENERAL SUPPORT DIVERSITY FOCUS 205 2ND AVE SE CEDAR RAPIDS IA 52401 203420207 501(C)(3) 50000 N/A N/A GENERAL SUPPORT EXCELENCIA IN EDUCATION 1717 N ST NW 2ND FL WASHINGTON DC 20036 200927912 501(C)(3) 30000 N/A N/A 2011 SPONSORSHIP NATIONAL CRC ADVOCATES 7063 COUNTRY SPRINGS BYRON CENTER MI 49314 452041430 501(C)(3) 30000 N/A N/A GENERAL SUPPORT UNIVERSITY OF IOWA FOUNDATION 500 ALUMNI CENTER PO BOX 4550 IOWA CITY IA 52244 420796760 501(C)(3) 25000 N/A N/A HANCHER PARTNERS PROGRAM IOWA CITY COMMUNITY SCHOOL DISTRICT FOUNDATION 509 S DUBUQUE ST IOWA CITY IA 52240 421177023 501(C)(3) 25000 N/A N/A 2ND HALF OF 2007 PLEDGE IOWA CITY AREA DEVELOPMENT GROUP INC 325 E WASHINGTON ST STE 101 IOWA CITY IA 52244 421234837 501(C)(6) 25000 N/A N/A FY2011 PLEDGE PAYMENT AMERICAN ASSOCIATION OF COMMUNITY COLLEGES ONE DUPONT CIRCLE NW STE 410 WASHINGTON DC 20036 530196569 501(C)(3) 25000 N/A N/A AACC NATIONAL COMMISSION NATIONAL GOVERNORS ASSOCIATION CENTER FOR BEST PRACTICES 444 N CAPITOL ST STE 267 WASHINGTON DC 20001 237391796 501(C)(3) 20000 N/A N/A CORPORATE FELLOWS PROGRAM ANNUAL CONTRIBUTION ASSOCIATION OF LATINO ADMINISTRATORS AND SUPERINTENDENTS 65 W BOSTON POST RD STE 200 MARLBOROUGH MA 01752 272674757 501(C)(3) 20000 N/A N/A 2011 ALAS LEADERSHIP ACADEMY SPONSORSHIP AMERICAN CANCER SOCIETY 4080 1ST ST NE STE 101 CEDAR RAPIDS IA 52402 131788491 501(C)(3) 11000 N/A N/A $10,000 HOPE LODGE PLEDGE; $1,000 RELAY FOR LIFE UNIVERSITY OF IOWA 129 E WASHINGTON ST IOWA CITY IA 52242 426004813 501(C)(3) 10000 N/A N/A 4-26-11 WOMEN'S LEADERSHIP CONFERENCE - SILVER SPONSORSHIP IOWA CITY CHAMBER OF COMMERCE 325 E WASHINGTON STE 100 IOWA CITY IA 52240 420330530 501(C)(6) 9050 N/A N/A LEADERSHIP AND EDUCATION PROGRAMS, ANNUAL BANQUET SPONSORSHIP CEDAR RAPIDS OPERA THEATRE 1120 2ND AVE SE CEDAR RAPIDS IA 52403 421476568 501(C)(3) 5000 N/A N/A 4-23-11 GALA EVENT SPONSORSHIP 15 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ACT REVIEWS THE QUALIFICATIONS OF THOSE REQUESTING CONTRIBUTIONS TO ENSURE THAT THEY ARE NONPROFIT ORGANIZATIONS. ACT HAS CREATED AN EMPLOYEE COMMITTEE TO REVIEW ALL SUCH REQUESTS. ALL GRANTS AND CONTRIBUTIONS ARE REVIEWED AND APPROVED BY THE CEO PRIOR TO COMMITMENT. X X 1 1 X X X X X X 0 1 0 0 0 0 0 0 0 JON S WHITMORE 166617 0 0 0 4707 0 14538 0 14232 0 200094 0 0 0 CARL A COHN 51250 0 0 0 0 0 0 0 0 0 51250 0 0 0 THOMAS J GOEDKEN 294860 0 10000 0 17657 0 37775 0 14133 0 374425 0 0 0 CYNTHIA SCHMEISER 290279 0 10000 0 455737 0 39200 0 19029 0 814245 0 67935 0 MARTIN L SCAGLIONE 268235 0 10000 0 17545 0 29400 0 16468 0 341648 0 0 0 JON ERICKSON 206509 0 5000 0 18095 0 86835 0 12302 0 328741 0 0 0 ARTHUR C PETERS 185150 0 5000 0 38494 0 22274 0 17615 0 268533 0 0 0 JANET GODWIN 154765 0 7500 0 347 0 19667 0 22478 0 204757 0 0 0 RANJIT SIDHU 233531 0 5000 0 48291 0 22050 0 24364 0 333236 0 0 0 THOMAS SATERFIEL 201458 0 5000 0 18741 0 35694 0 15296 0 276189 0 0 0 ROSE RENNEKAMP 189349 0 5000 0 18590 0 25254 0 15016 0 253209 0 0 0 CHARLES SMITH 193994 0 7500 0 6003 0 18108 0 12118 0 237723 0 0 0 DOUGLAS F BECKER 196562 0 5000 0 695 0 24067 0 18739 0 245063 0 0 0 RICHARD L FERGUSON 548746 0 0 0 788812 0 39290 0 4171 0 1381019 0 0 0 PART I, LINE 1A ONE KEY EMPLOYEE RECEIVED AN AMOUNT FOR HEALTH OR SOCIAL CLUB DUES. THIS AMOUNT IS TAXABLE TO THE EMPLOYEE AND IS REFLECTED IN REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). ONE HIGHEST COMPENSATED EMPLOYEE RECEIVED AN AMOUNT FOR A HOUSING ALLOWANCE. THIS IS A TEMPORARY BENEFIT PROVIDED TO ELIGIBLE EMPLOYEES UNDER THE ORGANIZATION'S WRITTEN RELOCATION POLICY. THIS AMOUNT IS TAXABLE TO THE EMPLOYEE AND IS REFLECTED IN REPORTABLE COMPENSATION ON SCHEDULE J, PART II, COLUMN (B)(III). PART I, LINE 4B ACT MAINTAINED A NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN FOR THE FORMER CEO/CHAIRMAN OF THE BOARD. UNDER THE TERMS OF THE AGREEMENT, THE DISTRIBUTION UPON RETIREMENT WAS CALCULATED BASED ON ANNUAL SALARY AT RETIREMENT MULTIPLIED BY A FACTOR THAT IS BASED ON AGE AT RETIREMENT. PART II, COLUMN (B)(III), OTHER REPORTABLE COMPENSATION FOR RICHARD FERGUSON, FORMER CEO/CHAIRMAN OF THE BOARD INCLUDES A DISTRIBUTION FROM THE NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN IN THE AMOUNT OF $714,000. NO OTHER LISTED PERSONS PARTICIPATED IN OR RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING THE YEAR. ACT MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR CERTAIN LISTED PERSONS. THE PLAN PROVIDES FOR ACT TO MAKE DISCRETIONARY CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. PART II, COLUMN (B)(III), OTHER REPORTABLE COMPENSATION FOR CYNTHIA SCHMEISER, PRESIDENT & COO EDUCATIONAL DIVISION INCLUDES A DISTRIBUTION FROM THE SECTION 457(F) PLAN IN THE AMOUNT OF $30,942. OF THIS AMOUNT, $22,685 WAS REPORTED AS DEFERRED COMPENSATION IN A PRIOR YEAR FORM 990. OTHER LISTED PERSONS PARTICIPATE IN BUT DID NOT RECEIVE DISTRIBUTIONS FROM THIS PLAN DURING THE YEAR. ACT MAINTAINS A LEGACY EARLY RETIREMENT PLAN THAT HAS BEEN CLOSED TO NEW ENTRANTS. TO BE ELIGIBLE, THE EMPLOYEE MUST HAVE COMPLETED 20 YEARS OF CONTINUOUS SERVICE AND RETIRE BETWEEN THE AGES OF 60 AND 65. THE PLAN PROVIDES FOR THE PAYMENT OF CERTAIN RETIREMENT BENEFITS BASED ON SALARY OF THE EMPLOYEE AT DATE OF RETIREMENT. PART II, COLUMN (C), DEFERRED COMPENSATION INCLUDES THE INCREASE IN ACTUARIAL VALUE THAT HAS OCCURRED TO AN INDIVIDUAL'S VESTED BALANCE DURING THE YEAR. DEPENDING ON THE INDIVIDUAL'S AGE AT DATE OF RETIREMENT, THE ACTUAL EARLY RETIREMENT BENEFIT DISTRIBUTED AT THE TIME OF RETIREMENT MAY BE LESS THAN THE AMOUNT THAT IS CURRENTLY BEING INCLUDED IN DEFERRED COMPENSATION. PART II, COLUMN (B)(III), OTHER REPORTABLE COMPENSATION FOR CYNTHIA SCHMEISER, PRESIDENT & COO EDUCATIONAL DIVISION INCLUDES A DISTRIBUTION FROM THE EARLY RETIREMENT PLAN IN THE AMOUNT OF $333,000. OF THIS AMOUNT, $45,250 WAS REPORTED AS DEFERRED COMPENSATION IN A PRIOR YEAR FORM 990. OTHER LISTED PERSONS PARTICIPATE IN BUT DID NOT RECEIVE DISTRIBUTIONS FROM THIS PLAN DURING THE YEAR. SUPPLEMENTAL INFORMATION PART III FORM 990, PART VII, SECTION A, LINE 5 AND SCH J, PART II: CARL COHN'S BASE COMPENSATION OF $51,250 INCLUDES $11,250 PAID BY ACT AND $40,000 PAID BY URBAN SCHOOL IMAGINEERS, AN UNRELATED ORGANIZATION OF WHICH COHN IS A PRINCIPAL. TOGETHER THESE AMOUNTS REPRESENT COMPENSATION FOR SERVICES PROVIDED TO ACT. TEACHERS SUPPORT NETWORK SEE SCH L, PART V 2100450 SEE PART V 0 PART IV BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS (B) RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: THOMAS GOEDKEN AND J THEODORE SANDERS ARE DIRECTORS OF TEACHERS SUPPORT NETWORK.(D) DESCRIPTION OF TRANSACTION: DURING THE YEAR, ACT ENTERED INTO A CONTRACT WITH TEACHERS SUPPORT NETWORK TO REDEEM ITS SHARES OF STOCK IN TEACHERS SUPPORT NETWORK FOR A SALES PRICE OF $2,100,000. ACT ALSO RECEIVED PAYMENT OF $450 FOR TESTING SERVICES PROVIDED TO TEACHERS SUPPORT NETWORK DURING THE YEAR. FORM 990, PART I, LINE 6, NUMBER OF VOLUNTEERS: ACT HAS STATE ORGANIZATIONS THAT SERVE AS ADVISORY AND ADVOCACY GROUPS TO FACILITATE COMMUNICATIONS BETWEEN ACT AND THE EDUCATIONAL INSTITUTIONS AND AGENCIES THAT PARTICIPATE IN ACT PROGRAMS. THESE ORGANIZATIONS ARE NOT SEPARATE LEGAL ENTITIES, BUT DO HAVE ORGANIZING BYLAWS. THE STATE ORGANIZATIONS PROVIDE FEEDBACK TO ACT ON ITS PROGRAMS AS THEY RELATE TO THE INFORMATION NEEDS OF INDIVIDUALS, SCHOOLS, AND AGENCIES IN THE STATE. APPROXIMATELY 10,813 REPRESENTATIVES FROM EDUCATIONAL INSTITUTIONS ARE MEMBERS OF ACT'S ADVISORY GROUPS THAT RECEIVE INFORMATION FROM ACT. OUT OF THIS GROUP, THERE ARE APPROXIMATELY 703 INDIVIDUALS WHO ACTIVELY VOLUNTEER THEIR TIME TO SERVE IN AN ADVISORY CAPACITY BY ATTENDING MEETINGS WITH ACT REGIONAL AND NATIONAL OFFICE STAFF TO PROVIDE INPUT. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 WORKFORCE CURRICULUM (KEYTRAIN) - ACQUIRED IN DECEMBER 2010, KEYTRAIN PROVIDES CURRICULUM THAT MAPS DIRECTLY TO WORKFORCE ASSESSMENTS. THE ASSESSMENTS DIAGNOSE SKILL DEFICIENCIES WHICH ARE THEN TARGETED AND REMEDIATED THROUGH THE CURRICULUM PROVIDED BY KEYTRAIN. NCEA COREWORK - RESEARCH-BASED SCHOOL IMPROVEMENT PROGRAM WHICH HELPS DISTRICTS AND SCHOOLS TO EVALUATE CURRENT CORE PRACTICES IN ORDER TO PRIORITIZE INITIATIVES AND CREATE CONCRETE STRATEGIES TO INCREASE STUDENT LEARNING. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 DATA QUALITY CAMPAIGN - DATA QUALITY CAMPAIGN IS AN INITIATIVE TO PROMOTE THE USE OF QUALITY DATA TO DRIVE SCHOOL IMPROVEMENT. THIS CAMPAIGN BECAME A SEPARATE NON-PROFIT CORPORATION IN JUNE 2011. FORM 990, PART VI, SECTION A, LINE 2 SOME OFFICERS AND DIRECTORS HAVE A BUSINESS RELATIONSHIP WITH OTHER OFFICERS AND DIRECTORS TO THE EXTENT THAT THEY ALSO SERVE TOGETHER ON THE BOARDS OF OTHER ENTITIES: (1) JON WHITMORE AND THOMAS GOEDKEN ARE DIRECTORS OF ACT INTERNATIONAL B.V. (2) JON WHITMORE AND THOMAS GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS LTD (HONG KONG). (3) JON WHITMORE AND THOMAS GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS (AUSTRALIA) PTY LTD. (4) JON WHITMORE AND THOMAS GOEDKEN ARE DIRECTORS OF ACT INFORMATION CONSULTING (SHANGHAI) CO LTD. (5) JON WHITMORE AND THOMAS GOEDKEN ARE DIRECTORS OF ACT BUSINESS SOLUTIONS B.V. (6) JON WHITMORE AND JAMES BOSTIC, JR. ARE DIRECTORS OF ACT BRIDGE, INC. (7) THOMAS GOEDKEN AND J THEODORE SANDERS ARE DIRECTORS OF TEACHERS SUPPORT NETWORK. FORM 990, PART VI, SECTION B, LINE 11 PROCEDURES FOR REVIEW OF FORM 990 THE AUDIT COMMITTEE OF THE CORPORATION CONDUCTS A SUBSTANTIVE REVIEW OF THE FORM 990 PRIOR TO ITS FILING WITH THE ASSISTANCE OF THE OUTSIDE TAX PREPARER AND THE CORPORATION'S CHIEF FINANCIAL OFFICER, COUNSEL, AND STAFF. THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO ALL OF THE MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ACT HAS CREATED AN ETHICS ADVISORY COMMITTEE. MEMBERS OF THE ETHICS ADVISORY COMMITTEE REVIEW CONFLICT OF INTEREST QUESTIONNAIRES SUBMITTED BY EMPLOYEES AND ARE RESPONSIBLE FOR SEEING THAT CONFLICTS OF INTEREST ARE INVESTIGATED AND APPROPRIATELY ADDRESSED. THEY ALSO WORK CLOSELY WITH ACT'S HUMAN RESOURCES DEPARTMENT TO DEVELOP EDUCATION AND TRAINING PROGRAMS FOR EMPLOYEES REGARDING THE CONFLICTS OF INTEREST POLICY AND ETHICS ISSUES. THE ETHICS ADVISORY COMMITTEE REPORTS DIRECTLY TO THE AUDIT COMMITTEE OF ACT'S BOARD OF DIRECTORS. CONFLICT OF INTEREST QUESTIONNAIRES SUBMITTED BY DIRECTORS OR OFFICERS ARE REVIEWED AND ADDRESSED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF OFFICERS AND DIRECTORS IS DETERMINED BY THE BOARD BASED UPON A PROCESS THAT INCLUDES A COMPENSATION COMMITTEE OF THE BOARD AND AN INDEPENDENT COMPENSATION STUDY CONDUCTED BY A PROFESSIONAL FIRM THAT INCLUDES REVIEW OF COMPENSATION PUBLISHED BY SIMILAR ORGANIZATIONS CONTAINED IN FORM 990. COMPENSATION OF KEY EMPLOYEES IS INFORMED BY THE SAME STUDY AND IS ESTABLISHED BY THE BOARD ANNUALLY. ALL OTHER EMPLOYEE COMPENSATION IS REVIEWED AT LEAST ANNUALLY, UNDER THE DIRECTION OF THE HUMAN RESOURCE DEPARTMENT AND INCLUDES APPLICABLE DATA GATHERED AND REVIEWED. FORM 990, PART VI, SECTION C, LINE 19 ACT DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART VII, SECTION A, BOARD MEMBER COMPENSATION: PER ACT POLICY, BOARD MEMBERS ARE EXPECTED TO PARTICIPATE IN FOUR THREE-DAY BOARD MEETINGS, COMMITTEE MEETINGS THAT OCCUR THROUGHOUT THE YEAR, AND AT OTHER TIMES TO DISCUSS IMPORTANT AND STRATEGIC MATTERS PERTAINING TO ACT. IN EXCHANGE FOR THEIR VALUABLE TIME AND SERVICE, ACT COMPENSATES THE BOARD WITH AN ANNUAL AMOUNT THAT IS PRORATED FOR MEETING ATTENDANCE AND PARTIAL YEARS OF SERVICE. THE CHAIRMAN OF THE BOARD AND COMMITTEE CHAIRS, AS WELL AS BOARD MEMBERS WHO ARE REQUESTED TO PROVIDE TIME OTHER THAN FOR MEETING ATTENDANCE, RECEIVE ADDITIONAL COMPENSATION AT A COMMENSURATE HOURLY RATE. IN ADDITION TO SERVING AS A VOTING MEMBER OF THE BOARD OF DIRECTORS, JON WHITMORE ALSO SERVES AS CEO OF ACT. HIS COMPENSATION AS CEO IS DISCLOSED ON FORM 990, PART VII, SECTION A AND SCHEDULE J. HE RECEIVES NO ADDITIONAL COMPENSATION FOR SERVICE AS A MEMBER OF THE BOARD OF DIRECTORS. SOME BOARD MEMBERS HAVE CHOSEN TO FORGO COMPENSATION FOR THEIR SERVICES TO ACT. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN (B), AVERAGE HOURS PER WEEK: HOURS LISTED FOR EACH INDIVIDUAL ARE REPORTED ON A CALENDAR YEAR BASIS. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 12,484,947. NET APPRECIATION IN FAIR VALUE OF INTEREST RATE SWAPS 323,404. (DECREASE) IN NET ASSETS - FOREIGN SUBSIDIARIES -409,647. (DECREASE) IN NET ASSETS - ACT BRIDGE -658,320. EQUITY IN NET LOSS OF NONMARKETABLE EQUITY SECURITIES -550,671. PROGRAM-RELATED INVESTMENT REPORTED AS GRANT PER FORM 990 INSTRUCTIONS 2,000,000. CAPITAL CONTRIBUTION 1,000,000. TOTAL TO FORM 990, PART XI, LINE 5: 14,189,713. FORM 990, PART XII, LINE 2C, RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT: THE ORGANIZATION'S AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. ACT FOUNDATION 500 ACT DRIVE IOWA CITY IA 52243 272574917 TO SUPPORT THE ACTIVITIES OF ACT, INC. IA 501(C)(3) LINE 11A, I N/A 1 ACT EDUCATION SOLUTIONS LTD (HONG KONG) ROOM 2503 BANK OF AMERICA TOWER HONG KONG HK TESTING SERVICES HK ACT INTERNATIONAL BV C 927750 2748307 1.00000 ACT INTERNATIONAL BV NARITAWEG 165 1043 BW AMSTERDAM NL HOLDING COMPANY NL N/A C -3044 7533510 1.00000 ACT BUSINESS SOLUTIONS BV NARITAWEG 165 1043 BW AMSTERDAM NL HOLDING COMPANY NL ACT INTERNATIONAL BV C -393373 122811 1.00000 ACT EDUCATION SOLUTIONS (AUSTRALIA) PTY LTD LEVEL 7 54 MILLER ST NORTH SYDNEY, NSW 2060 AS TESTING SERVICES AS ACT EDUCATION SOLUTIONS LTD (HONG KONG) C 1073322 614812 1.00000 ACT EDUCATION SOLUTIONS (KOREA) INC 20F KOREA FIRST BANK BLDG 100 GONG SEOUL KS TESTING SERVICES KS ACT EDUCATION SOLUTIONS LTD (HONG KONG) C 8621 5495 1.00000 ACT INFORMATION CONSULTING (SHANGHAI) CO LTD ROOM 1204 TIAN AN CTR 338 NANJING SHANGHAI CH TESTING SERVICES CH ACT EDUCATION SOLUTIONS LTD (HONG KONG) C 1854685 1778825 1.00000 ACT BRIDGE INC 3475 LENOX ROAD NE SUITE 300 ATLANTA GA 30326 451602599 TESTING SERVICES DE N/A C 2521862 1.00000 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 ACT INTERNATIONAL BV B 2000000 CASH ACT EDUCATION SOLUTIONS LTD (HONG KONG) P 85133 COST PLUS % MARK-UP ACT EDUCATION SOLUTIONS LTD (HONG KONG) K 48250 COMPARABLE SALES ACT BUSINESS SOLUTIONS BV A 704 % OF GROSS SALES ACT BRIDGE INC B 3000000 CASH