2023-08-15T13:09:23-05:00 2022-09-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 46204 990 2021-10-01 210634479 EDUCATIONAL TESTING SERVICE EDUC 6099219000 660 ROSEDALE ROAD MS 20-J PRINCETON NJ 08541 JEFFREY A MELNICK CHIEF FINANCIAL OFFICER 6099219000 2023-08-15 1 JEFFREY MELNICK XXX-XX-XXXX JEFFREY D FRANK P00287234 3174648600 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JEFFREY A MELNICK 660 ROSEDALE ROAD MS 20-J PRINCETON NJ 08541 1183042695 0 X WWW.ETS.ORG X 1947 NY SEE P.2, PART III: QUESTION 1 19 18 29995 0 9271400 0 4572369 5080530 969524994 960609774 86054455 71406013 81949648 78223345 1142101466 1115319662 1245144 2649964 0 0 375162431 346638525 0 0 0 718068171 760967076 1094475746 1110255565 47625720 5064097 2046445267 1789019658 366614898 289931252 1679830369 1499088406 X EDUCATIONAL TESTING SERVICE (ETS) WAS INCORPORATED IN 1947 BY THE BOARD OF REGENTS FOR THE EDUCATION DEPARTMENT OF THE STATE OF NEW YORK AS AN EDUCATIONAL ORGANIZATION TO ENGAGE IN RESEARCH, SERVICES AND OTHER ACTIVITIES IN THE FIELD OF EDUCATIONAL TESTING.MISSIONOUR MISSION IS TO HELP ADVANCE QUALITY AND EQUITY IN EDUCATION BY PROVIDING FAIR AND VALID ASSESSMENTS, RESEARCH AND RELATED SERVICES. OUR PRODUCTS AND SERVICES MEASURE KNOWLEDGE AND SKILLS, PROMOTE LEARNING AND PERFORMANCE, AND SUPPORT EDUCATION AND PROFESSIONAL DEVELOPMENT FOR ALL PEOPLE WORLDWIDE.VISIONTO BE THE LEADING ORGANIZATION IN THE WORLD AT PROVIDING THE BEST POSSIBLE ASSESSMENT AND LEARNING PRODUCTS AND SERVICES THAT HELP IMPROVE LIVES AT EVERY STAGE OF THE JOURNEY TO WHAT IS POSSIBLE. 0 0 769772331 2649964 790835463 ASSESSMENT RESEARCH, DEVELOPMENT, AND SCORING EDUCATIONAL TESTING SERVICE ("ETS") CONDUCTS RESEARCH ON STATISTICAL AND PSYCHOMETRIC METHODOLOGY TO ADVANCE THE SCIENCE OF EDUCATIONAL MEASUREMENT AND ENSURE THE TECHNICAL QUALITY AND FAIRNESS OF ETS'S ASSESSMENTS AND ASSESSMENT-RELATED SERVICES. THROUGH ITS POLICY EVALUATION AND RESEARCH CENTER, ETS ALSO CONDUCTS RESEARCH AND ANALYSES THAT ADDRESS CHALLENGING EDUCATIONAL POLICY ISSUES. IN CONJUNCTION WITH ITS RESEARCH, ETS DEVELOPS EDUCATIONAL ASSESSMENTS FOR USE BY STATES IN K-12 ASSESSMENT, FOR COLLEGE ADMISSIONS AND THE TRANSITION FROM HIGH SCHOOL TO COLLEGE, FOR GRADUATE AND BUSINESS SCHOOL ADMISSIONS, AND FOR USE IN MEASURING KNOWLEDGE AND SKILLS, PROMOTING LEARNING AND PERFORMANCE, AND SUPPORTING EDUCATION AND PROFESSIONAL DEVELOPMENT. ETS HAS DEVELOPED MORE THAN 200 ASSESSMENT PROGRAMS INCLUDING BUT NOT LIMITED TO THE PRAXIS SERIES, TEST OF ENGLISH AS A FOREIGN LANGUAGE (TOEFL), GRADUATE RECORD EXAMINATION (GRE), TEST OF ENGLISH FOR INTERNATIONAL COMMUNICATION (TOEIC), AND STATE SPECIFIC AND PRE-COLLEGE ASSESSMENTS.IN CONJUNCTION WITH ITS RESEARCH, ETS CONTINUES WORKING COLLABORATIVELY WITH THE NATIONAL CENTER FOR EDUCATION STATISTICS (NCES) ON THE NATIONAL ASSESSMENT OF EDUCATIONAL PROGRESS (NAEP). ADDITIONALLY, ETS'S INSTITUTE FOR STUDENT ACHIEVEMENT (ISA) CONTINUES WORKING IN PARTNERSHIP WITH DISTRICTS AND SCHOOLS TO TRANSFORM UNDERPERFORMING HIGH SCHOOLS INTO RIGOROUS AND SUPPORTIVE LEARNING ENVIRONMENTS THAT PREPARE STUDENTS TO BE COLLEGE READY.EACH YEAR, ETS SCORES AND DELIVERS MILLIONS OF ASSESSMENTS AND SCORE REPORTS TO EXAMINEES AND INSTITUTIONS, IN NUMEROUS FORMATS AND USING A VARIETY OF MEANS. 146974856 169774311 ASSESSMENT ADMINISTRATION & DELIVERYETS PROVIDES TEST ADMINISTRATION AND DELIVERY SERVICES. ETS ADMINISTERS MORE THAN 20 MILLIONS OF ASSESSMENTS ANNUALLY IN 180 COUNTRIES AT MORE THAN 9,000 OF LOCATIONS GLOBALLY. ETS DOES NOT OWN OR OPERATE ANY TEST CENTERS; INSTEAD ETS ENGAGES INDEPENDENT 3RD PARTY SERVICES PROVIDERS TO ADMINISTER AND DELIVER ASSESSMENTS AROUND THE WORLD. ASSESSMENT ADMINISTRATION STAFF ARE SUBJECT TO A RIGOROUS TRAINING AND APPROVAL PROCESS PRIOR TO THE ADMINISTRATION OF AN ASSESSMENT. FOR EXAMPLE, TEST CENTER ADMINISTRATORS MUST DEMONSTRATE THE ABILITY TO PERFORM PRIMARY RESPONSIBILITIES, SUCH AS ESTABLISHING A SECURE TESTING ENVIRONMENT AND MANAGING THE DAY-TO-DAY TESTING ACTIVITIES PRIOR TO ADMINISTRATION OF AN ASSESSMENT. THESE ACTIVITIES PROVIDE SUPPORT FOR THE ADMINISTRATION AND DELIVERY OF GROUP ASSESSMENTS IN NUMEROUS FORMATS AND USING A VARIETY OF MEANS. SINCE 2020 REMOTE TESTING SOLUTIONS HAVE BEEN INTRODUCED WHEREBY CANDIDATES CAN TAKE THE TEST AT HOME RATHER THAN IN A TEST CENTER. HUMAN PROCTORS MONITOR TEST TAKERS' ACTIVITY "REMOTELY" THROUGHOUT THE TEST TO ENSURE NO INDIVIDUAL GAINS AN UNFAIR ADVANTAGE. THESE AT HOME SOLUTIONS CONTINUE TO DEMAND SIGNIFICANT HUMAN INVOLVEMENT FROM THE U.S. BECAUSE THE DEVELOPMENT, SCORING AND PROCTORING OF THESE REMOTE TESTS ARE PERFORMED BY INDIVIDUALS LOCATED IN THE U.S. 916747187 1 1 0 1 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 1 0 0 1 X 12407 0 29995 1 1 1 1 CA CH FR IS JO KS NL PL TU IT UK HK IN 0 0 0 0 0 0 0 0 1 0 X 19 18 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA DE IN NJ NY OR X NANCI LEVI 6099219000 660 ROSEDALE ROAD MS 20-J PRINCETON NJ 08541 WALTER MACDONALD END 61522 PRESIDENT 40.00 X X 1339784 0 46015 JEFFREY SINE TRUSTEE 2.00 X 176667 0 0 BEVERLY DANIEL TATUM TRUSTEE 2.00 X 155500 0 0 JAMES PELLEGRINO TRUSTEE 2.00 X 149200 0 0 EARL LEWIS TRUSTEE 2.00 X 141667 0 0 MICHELA ENGLISH TRUSTEE 2.00 X 127167 0 0 KURT LANDGRAF TRUSTEE 2.00 X 126667 0 0 MARTHA KANTER TRUSTEE 2.00 X 124500 0 0 DEBORAH QUAZZO END 21922 TRUSTEE 2.00 X 111167 0 0 MILDRED GARCIA TRUSTEE 2.00 X 96000 0 0 DEBRA STEWART END 42922 TRUSTEE 2.00 X 88000 0 0 YOUNGSUK CHI TRUSTEE 2.00 X 86667 0 0 KEVIN GUTHRIE TRUSTEE 2.00 X 85167 0 0 CANDACE THILLE TRUSTEE 2.00 X 82000 0 0 WILHELM KRULL TRUSTEE 2.00 X 82000 0 0 BARBARA JENKINS TRUSTEE 2.00 X 80500 0 0 ANTONIA HERNANDEZ TRUSTEE 2.00 X 78500 0 0 DARIENNE HUDSON TRUSTEE 2.00 X 78500 0 0 MARIET WESTERMANN TRUSTEE 2.00 X 78000 0 0 PATRICIA GANDARA TRUSTEE 2.00 X 78000 0 0 WADE HENDERSON END 42922 TRUSTEE 2.00 X 74500 0 0 AMIT SEVAK START 61522 PRESIDENT 40.00 X X 0 0 0 LAVERNE SRINIVASAN START 6122 TRUSTE 2.00 X 0 0 0 REBECCA PFUND END 121821 SVP & CHIEF INFORMATION OFFICER 40.00 X 957496 0 70459 DAVID G PAYNE END 31221 VP & COO GLOBAL EDUCATION 40.00 X 458903 0 271379 JACK HAYON SVP & CHIEF FINANCIAL OFFICER 40.00 2.00 X 610353 0 51394 RALPH TAYLOR-SMITH VP CORPORATE DEVELOPMENT 40.00 X 531552 0 54792 GLENN C SCHROEDER END 5622 SVP & GENERAL COUNSEL 40.00 X 517878 0 45039 IDA LAWRENCE SR VP-RESEARCH & DEVELOPMENT 40.00 2.00 X 504931 0 45826 SCOTT FORRESTER NELSON SVP & CHIEF MARKETING OFFICER 40.00 X 494061 0 55427 ANNE F ROCKEY END 31221 VP - OPERATIONS 40.00 X 342903 0 189699 JOHN BASEHORE END 31221 VP & TREASURER 40.00 X 476077 0 50840 MICHAEL T NETTLES SVP-CTR POLICY EVAL & RSRCH 40.00 X 433681 0 52693 DAVID HUNT END 5421 EXECUTIVE VP & COO 40.00 X 351280 0 122791 SHEREE L JOHNSON-GREGORY DEPUTY GENERAL COUNSEL & CDO 40.00 X 428544 0 43943 SCOTT V WEAVER END 5322 VP CHIEF STRATEGY OFFICER 40.00 X 381226 0 71714 JOANNA GORIN VP RESEARCH 40.00 X 391292 0 58750 ANDREAS ORANJE VP ASSESS & LEARNING TECH DEV 40.00 X 377407 0 70425 KADRIYE ERCIKAN-ALPER VP PSYCH, STAT & DATA SCIENCE 40.00 X 373009 0 68837 WILLIAM C DRAPER JR VP & COO COLLEGE BOARD 40.00 X 412855 0 28306 BRUCE GILBERTSON END 31221 VP FACILITIES & REAL ESTATE 40.00 X 374657 0 63819 SARA LESTER VP HUMAN RESOURCES & LEARNING 40.00 X 361236 0 66818 EDDIE MONTEIRO41221-9122 SVP & COO 40.00 X 346092 0 64305 LILIAN M LOWERY END 2122 VP & COO STA K12 & TLC 40.00 X 372808 0 34395 TRACY HUDE VP - FINANCE 40.00 X 359127 0 35412 DAVID HOBSON VP & CORPORATE SECRETARY 40.00 X 350825 0 41124 MICHAEL FREDDO VP & CONTROLLER 40.00 X 344715 0 42584 THERESA KERI START 1221 VP PRODUCTION & DELIVERY 40.00 X 261478 0 41223 DIANE BAILEY END 1921 SVP, PRODUCTION & DELIVERY 40.00 X 112596 0 124513 DAVID WILLIAMSON END 11621 VP NEW PRODUCT DEVELOPMENT 40.00 X 85708 0 2710 STEVE SANTANA START 112421 CHIEF INFORMATION OFFICER 40.00 X 26977 0 5769 KELLY L ODENHEIMER AVP MARKETING AND SALES 40.00 X 394884 0 65498 ANTHONY M PEKALA AVP IT 40.00 X 383788 0 67833 IRWIN KIRSCH TYLER CHAIR LG SCALE ASSESSMNT 40.00 X 402249 0 43206 MOHAMMAD KOUSHA AVP GLOBAL STRAT & GROWTH 40.00 X 394949 0 39284 LENORA M GREEN END 102121 EXECUTIVE DIRECTOR 40.00 X 404365 0 22773 JOHN MAZZEO LEFT 93016 DISTINGUISHED PRESIDENTIAL APPOINTEE 0.00 X 359133 0 91504 16819188 0 2251099 1340 1 1 0 ACCENTURE LLP 161 NORTH CLARK ST CHICAGO IL 60601 SUPPLY CHAIN 78501866 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10017 PROJECT MANAGEMENT 42773789 PROCTORU INC 200 RIVERCHASE CENTER 600 BIRMINGHAM AL 35244 TEST ADMINISTRATION SERVICES 26364365 COMPUTER SCIENCES CORPORATION 3180 FAIRVIEW PARK DRIVE FALLS CHURCH VA 22042 COMPUTER SERVICES 24881150 CAMBIUM ASSESSMENT INC PO BOX 844549 BOSTON MA 022844549 SUBCONTRACTOR UNDER CAASPP CONTRACT 23981405 219 4948503 132027 5080530 TEST DEVELOPMENT & SCO 611710 790835463 790457021 378442 TEST ADMIN & DELIVERY 611710 169774311 169774311 960609774 6429674 468280 5961394 69142745 69142745 655922 0 655922 655922 655922 132699372 67723033 64976339 64976339 64976339 OCCUPATIONAL & PROFESS 611600 5780948 5780948 CHAUNCEY CONFERENCE CE 721000 2643730 2643730 8424678 1115319662 960231332 9271400 140736400 X 2389669 2389669 260295 260295 17846896 4028988 13817908 1254943 1254943 271641650 225315831 46325819 23924955 18872527 5052428 13224923 10432108 2792815 18745158 14786590 3958568 7490276 736700 6753576 3680351 3680351 125870 125870 4575942 4575942 527245877 447923585 79322292 21141085 21071606 69479 114612199 108080459 6531740 982736 982736 21566113 20316918 1249195 2556684 2014144 542540 1221938 1068593 153345 916325 916325 37399580 34065364 3334216 3075961 3075961 MISCELLANEOUS 9625117 9625117 CHAUNCEY CONFERENCE CEN 2895987 2895987 INCOME TAXES 1182517 1182517 MEMBERSHIPS AND DUES 672518 322570 349948 1110255565 916747187 193508378 0 17674265 432267 70570000 32392836 126595741 98250091 57963579 10098560 25508524 24822180 241713457 169877664 95746220 71835793 163503726 142307260 1335016214 1222431164 105899024 114767254 47967974 71682253 2046445267 1789019658 205144583 173789341 85729946 70158639 75740369 45983272 366614898 289931252 X 1679830369 1499088406 1679830369 1499088406 2046445267 1789019658 X 5064097 -149369407 -36436653 X 0 1 X 1 1 1 X 9606303 10976917 5888044 4572369 5080530 36124163 1196751734 1182676188 944976526 969524994 960231332 5254160774 1206358037 1193653105 950864570 974097363 965311862 5290284937 0 552234747 528126041 413370549 454220920 459798958 2407751215 552234747 528126041 413370549 454220920 459798958 2407751215 2882533722 137763402 84093054 61971237 79870513 76228341 439926547 137763402 84093054 61971237 79870513 76228341 439926547 1344121439 1277746159 1012835807 1053967876 1041540203 5730211484 0.50300 0.50920 0.07680 0.08280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 125870 125870 1110129695 1110255565 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 31005 47287 58959 125870 263121 250000 250000 250000 250000 1000000 1500000 PART II-A, LINE 2, LOBBYING ACTIVITIES: TOTAL ETS FEDERAL AND STATE LOBBYING EXPENSES WERE $125,870. THE TOTAL LOBBYING EXPENDITURES OF ETS WERE MINIMAL IN COMPARISON TO TOTAL REVENUES. 1197618 1197618 153007634 96629249 56378385 21553991 16559608 4994383 65954214 56688807 9265407 71835793 INVESTMENT IN AFFILIATED ENTITIES 36168504 F NON-PUBLICLY TRADED SECURITIES 1186262660 F 1222431164 SHORT TERM DEBT 11917428 INTERCOMPANY PAYABLE 1000 OTHER LONG TERM LIABILITIES 34064844 45983272 X PART X, LINE 2: THIS SUMMARY REFLECTS THE ETS PORTION OF THE ASC 740-10(FIN 48) NOTE IN THE CONSOLIDATED FINANCIAL STATEMENTS. EDUCATIONAL TESTING SERVICE ADOPTED ASC 740-10(FIN 48) ON JANUARY 1, 2009 IN ACCORDANCE WITH U.S. GENERALLY ACCEPTED ACCOUNTING PROCEDURES (US GAAP). IN ACCORDANCE WITH THE US GAAP REQUIREMENTS, EDUCATIONAL TESTING SERVICE ADJUSTED ITS NET ASSETS FOR ITS UNCERTAIN TAX POSITIONS. IT IS REASONABLY POSSIBLE THAT THE BALANCE OF GROSS UNRECOGNIZED TAX BENEFITS MAY CHANGE WITHIN THE NEXT TWELVE MONTHS, DUE TO LAPSE OF APPLICABLE STATUTES OF LIMITATIONS OR CLOSURE OF AN EXAMINATION, OR CHANGE IN TAX LAW. CENTRAL AMERICA AND THE CARIBBEAN 0 421 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 223550 EAST ASIA AND THE PACIFIC 0 2109 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 11480933 EUROPE (INCLUDING ICELAND & GREENLAND) 0 397 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 73102932 MIDDLE EAST AND NORTH AFRICA 0 748 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 2741224 NORTH AMERICA 0 552 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 5597440 RUSSIA AND NEIGHBORING STATES 0 512 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 622071 SOUTH AMERICA 0 571 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 806492 SOUTH ASIA 0 2066 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 6885136 SUB-SAHARAN AFRICA 0 512 PROGRAM SERVICES ASSESSMENT ADMINISTRATION 1146629 NORTH AMERICA 0 0 INVESTMENTS 15173011 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 49345872 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 206260394 0 7376 0 512 0 7888 101459778 271925906 373385684 1 0 1 1 1 1 PART III ACCOUNTING METHOD: 1 ACHIEVING MY PURPOSE INC PO BOX 5483 SCOTTSDALE AZ 85261 463939534 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS AMERICAN ASSOCIATION OF HISPANICS IN HIGHER EDUCATION 2598 E SUNRISE BLVD SUITE 2104 FORT LAUDERDALE FL 33304 300150324 501(C)(3) 62180 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS AMERICAN ASSOCIATION OF UNIVERSITY WOMEN INC 1310 L STREET NW 1000 WASHINGTON DC 20005 526037388 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS ARIZONA YWCA METROPOLITAN PHOENIX 8561 N 61ST AVE GLENDALE AZ 85302 860098936 501(C)(3) 6000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS BIG BROTHERS BIG SISTERS OF MERCER COUNTY 535 E FRANKLIN STREET TRENTON NJ 08610 061653897 501(C)(3) 15000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS BLACK DOCTORAL NETWORK INC 300 DELAWARE AVE SUITE 210 WILMINGTON DE 19801 461420430 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS CHILDREN'S DEFENSE FUND 25 E STREET NW WASHINGTON DC 20001 520895622 501(C)(3) 10000 45480 FMV COMPUTER EQUIPMENT SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS COMMUNITIES IN SCHOOLS OF SAN ANTONIO 1616 E COMMERCE BLDG 1 SAN ANTONIO TX 78205 742393714 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS COURT APPOINTED SPECIAL ADVOCATES OF MERCER INC 1450 PARKSIDE AVENUE SUITE 22 EWING NJ 08638 223770968 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS DR MELVIN C TERRELL EDUCATIONAL FOUNDATION INC PO BOX 47973 TAMPA FL 33646 300363978 501(C)(3) 50000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS EAST ORANGE BOARD OF EDUCATION 199 4TH AVENUE EAST ORANGE NJ 07017 226001770 501(C)(3) 68033 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS EDUCATION LAW CENTER INC 60 PARK PLACE SUITE 300 NEWARK NJ 07102 222104555 501(C)(3) 15100 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS EDUCATIONAL LEADERSHIP FOUNDATION OF NJ 413 WEST STATE STREET TRENTON NJ 08618 264437074 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS EWING PUBLIC EDUCATION FOUNDATION INC PO BOX 7033 EWING NJ 08628 223347353 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS HIGHER EDUCATION LEADERSHIP FOUNDATION 1203 E GRAND AVENUE 330 MARSHALL TX 75670 473388131 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS INSTITUTE FOR STUDENT ACHIEVEMENT FOUNDATION 660 ROSEDALE ROAD PRINCETON NJ 08541 862868464 501(C)(3) 1350000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS ISAIAH HOUSE 238 N MUNN AVE EAST ORANGE NJ 07017 222699121 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS JOBS FOR AMERICAS GRADUATES INC 1729 KING STREET SUITE 100 ALEXANDRIA VA 22314 521194546 501(C)(3) 20000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS JUNIOR ACHIEVEMENT OF NEW JERSEY INC 360 PEAR BLOSSOM DRIVE EDISON NJ 08837 221774147 501(C)(3) 32500 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS LIFE PIECES TO MASTERPIECES INC 5600 EADS STREET NW 4TH FLOOR WASHINGTON DC 20019 522076894 501(C)(3) 30000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS MERCER COUNTY COMMUNITY COLLEGE FOUNDATION 1200 OLD TRENTON ROAD TRENTON NJ 08550 222133029 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS NATIONAL AWARENESS ALLIANCE 13 DIXIE DRIVE PENNS GROVE NJ 08069 814095945 501(C)(3) 80000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS NATIONAL CENTER FOR VICTIMS OF CRIME 1450 DUKE STREET ALEXANDRIA VA 22314 300022798 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS PRINCETON FAMILY YMCA 59 PAUL ROBESON PLACE PRINCETON NJ 08540 210639890 501(C)(3) 25000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS SAN DIEGO STATE UNIVERSITY 5250 CAMPANILE DRIVE MC 1947 SAN DIEGO CA 92182 956042721 501(C)(3) 20800 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS SERVE 1 BARBER INC 33161 CYPRESS BEND DR WESLEY CHAPEL FL 33545 862248440 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS SHILOH COMMUNITY DEVELOPMENT CORPORATION 416 BELLEVUE AVE SUITE 407 TRENTON NJ 08618 123799161 501(C)(3) 20000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS THE LONELY ENTREPRENEUR INC 336 LEXINGTON AVENUE SUITE 5 NEW YORK NY 10016 825384709 501(C)(3) 20000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS THE NEWARK MENTORING MOVEMENT INC 60 PARK PLACE SUITE 601 NEWARK NJ 07102 455092471 501(C)(3) 20565 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS THE UNIVERSITY OF TEXAS AT SAN ANTONIO ONE UTSA CIRCLE SAN ANTONIO TX 78249 741717115 501(C)(3) 50000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS THE YWCA PRINCETON INC 59 PAUL ROBESON PLACE PRINCETON NJ 08540 210635056 501(C)(3) 20000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS THOMAS EDISON STATE UNIVERSITY FOUNDATION 111 WEST STATE STREET TRENTON NJ 08608 222117814 501(C)(3) 15000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS UNITED STATES FUNDS FOR UNICEF 125 MAIDEN LANE 10TH FLOOR NEW YORK NY 10038 131760110 501(C)(3) 50000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS UNITED WAY OF GREATER MERCER COUNTY 3150 BRUNSWICK PIKE SUITE 230 LAWRENCEVILLE NJ 08648 210683073 501(C)(3) 20000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS UNIVERSITY OF NORTH CAROLINA AT CHARLOTTE 9201 UNIVERSITY CITY BLVD CHARLOTTE NC 28223 560791228 501(C)(3) 50000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS VICTIMS FIRST INC 4195 CHINO HILLS PARKWAY STE 593 CHINO HILLS CA 91709 320656956 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS WATERSHED INSTITUTE INC 31 TITUS MILL ROAD PENNINGTON NJ 08534 210649717 501(C)(3) 10000 0 SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS 43 HISTORICALLY BLACK COLLEGES AND UNIVERSITIES PRESIDENTIAL SCHOLARSHIP 15 156796 TRENTON CENTRAL HIGH SCHOOL SCHOLARSHIP 22 103499 PART I, LINE 2: EDUCATIONAL TESTING SERVICE REQUIRES APPLICANTS FOR SCHOLARSHIPS TO PROVIDE TRANSCRIPTS AND OTHER INFORMATION UPON WHICH THEY ARE EVALUATED. DURING FISCAL YEAR 2022, SCHOLARSHIP FUNDS WERE MADE PAYABLE DIRECTLY TO THE UNIVERSITY OR COLLEGE THAT THE AWARDED RECIPIENT ATTENDS OR MADE PAYABLE TO BOTH THE INSTITUTION AND THE STUDENT. THE ETS CENTER FOR ADVOCACY AND PHILANTHROPY, A DIVISION OF ETS THAT MANAGES ETS'S CONTRIBUTIONS, HAS ESTABLISHED CRITERIA FOR MAKING GRANTS AND OTHER CONTRIBUTIONS. IT ALSO MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR IN-KIND CONTRIBUTIONS, AS WELL AS THE GRANTEES ELIGIBILITY FOR THE GRANTS. IRS FORM W-9 IS REQUESTED FROM ALL ORGANIZATIONS TO ASCERTAIN THE LEGAL NAME, EIN OR TAXPAYER IDENTIFICATION NUMBER AND ADDRESS. ETS TYPICALLY MAINTAINS CLOSE CONTACT WITH ITS GRANTEES TO MONITOR THEIR PROGRESS IN THE USE OF FUNDS AND, WHENEVER FEASIBLE, THE EXTENT TO WHICH THE FUNDED PROGRAM MET ITS OBJECTIVES. SMALL CONTRIBUTIONS (UNDER $2,000) ARE SOMETIMES MADE TO 501(C)(3) ORGANIZATIONS TO PROMOTE VOLUNTEERISM AND PHILANTHROPY AMONG EMPLOYEES AT ETS. ETS MONITORS THE USE OF FUNDS IN SEVERAL WAYS: (1) REQUESTS WRITTEN REPORTS ON THE USE OF RESTRICTED FUNDS AND THE ORGANIZATION'S ANNUAL REPORT WHEN THE GRANT IS UNRESTRICTED; (2) FOR SPONSORED EVENTS, SUCH AS CONFERENCES AND WORKSHOPS, ETS REQUESTS PROGRAMS AND OTHER MATERIALS PREPARED FOR THE EVENT; (3) STAFF MEMBERS ATTEND A NUMBER OF SPONSORED EVENTS SO THAT THERE IS DIRECT OBSERVATION; (4) ETS REMAINS IN CONTACT WITH GRANT RECIPIENTS VIA EMAIL, PHONE CALLS AND FACE-TO-FACE MEETINGS; AND (5) ETS OBTAINS COPIES OF ANY RESEARCH PAPERS THAT MIGHT BE DEVELOPED AS A RESULT OF THE GRANT. X X X 1 1 X X X X 1 1 0 0 0 1 0 1 0 WALTER MACDONALD END 61522 PRESIDENT 769542 0 280000 0 290242 0 26100 0 19915 0 1385799 0 0 0 REBECCA PFUND END 121821 SVP & CHIEF INFORMATION OFFICER 298448 0 81250 0 577798 0 42510 0 27949 0 1027955 0 0 0 DAVID G PAYNE END 31221 VP & COO GLOBAL EDUCATION 45349 0 65050 0 348504 0 150303 0 121076 0 730282 0 0 0 JACK HAYON SVP & CHIEF FINANCIAL OFFICER 372879 0 147525 0 89949 0 26100 0 25294 0 661747 0 0 0 RALPH TAYLOR-SMITH VP CORPORATE DEVELOPMENT 308012 0 175000 0 48540 0 46497 0 8295 0 586344 0 0 0 GLENN C SCHROEDER END 5622 SVP & GENERAL COUNSEL 371838 0 97125 0 48915 0 26100 0 18939 0 562917 0 0 0 IDA LAWRENCE SR VP-RESEARCH & DEVELOPMENT 329595 0 93750 0 81586 0 25911 0 19915 0 550757 0 0 0 SCOTT FORRESTER NELSON SVP & CHIEF MARKETING OFFICER 341980 0 87438 0 64643 0 25829 0 29598 0 549488 0 0 0 ANNE F ROCKEY END 31221 VP - OPERATIONS 57774 0 40163 0 244966 0 73674 0 116025 0 532602 0 0 0 JOHN BASEHORE END 31221 VP & TREASURER 51288 0 41063 0 383726 0 7486 0 43354 0 526917 0 0 0 MICHAEL T NETTLES SVP-CTR POLICY EVAL & RSRCH 279694 0 82063 0 71924 0 25980 0 26713 0 486374 0 0 0 DAVID HUNT END 5421 EXECUTIVE VP & COO 116765 0 134025 0 100490 0 54004 0 68787 0 474071 0 0 0 SHEREE L JOHNSON-GREGORY DEPUTY GENERAL COUNSEL & CDO 267315 0 93600 0 67629 0 26028 0 17915 0 472487 0 0 0 KELLY L ODENHEIMER AVP MARKETING AND SALES 259381 0 106375 0 29128 0 36175 0 29323 0 460382 0 0 0 SCOTT V WEAVER END 5322 VP CHIEF STRATEGY OFFICER 229230 0 76938 0 75058 0 40780 0 30934 0 452940 0 0 0 ANTHONY M PEKALA AVP IT 260932 0 86623 0 36233 0 36735 0 31098 0 451621 0 0 0 JOHN MAZZEO LEFT 93016 DISTINGUISHED PRESIDENTIAL APPOINTEE 70445 0 0 0 288688 0 7044 0 84460 0 450637 0 0 0 JOANNA GORIN VP RESEARCH 301174 0 64875 0 25243 0 42446 0 16304 0 450042 0 0 0 ANDREAS ORANJE VP ASSESS & LEARNING TECH DEV 271555 0 85500 0 20352 0 39218 0 31207 0 447832 0 0 0 IRWIN KIRSCH TYLER CHAIR LG SCALE ASSESSMNT 286117 0 81420 0 34712 0 24087 0 19119 0 445455 0 0 0 KADRIYE ERCIKAN-ALPER VP PSYCH, STAT & DATA SCIENCE 246735 0 71313 0 54961 0 38730 0 30107 0 441846 0 0 0 WILLIAM C DRAPER JR VP & COO COLLEGE BOARD 262778 0 87825 0 62252 0 25556 0 2750 0 441161 0 0 0 BRUCE GILBERTSON END 31221 VP FACILITIES & REAL ESTATE 50542 0 65875 0 258240 0 30222 0 33597 0 438476 0 0 0 MOHAMMAD KOUSHA AVP GLOBAL STRAT & GROWTH 227917 0 93370 0 73662 0 21369 0 17915 0 434233 0 0 0 SARA LESTER VP HUMAN RESOURCES & LEARNING 246960 0 94500 0 19776 0 35728 0 31090 0 428054 0 0 0 LENORA M GREEN END 102121 EXECUTIVE DIRECTOR 164344 0 0 0 240021 0 15124 0 7649 0 427138 0 0 0 EDDIE MONTEIRO41221-9122 SVP & COO 316918 0 0 0 29174 0 43846 0 20459 0 410397 0 0 0 LILIAN M LOWERY END 2122 VP & COO STA K12 & TLC 276892 0 70000 0 25916 0 26100 0 8295 0 407203 0 0 0 TRACY HUDE VP - FINANCE 219514 0 91000 0 48613 0 33804 0 1608 0 394539 0 0 0 DAVID HOBSON VP & CORPORATE SECRETARY 211202 0 69458 0 70165 0 23125 0 17999 0 391949 0 0 0 MICHAEL FREDDO VP & CONTROLLER 213975 0 64750 0 65990 0 23165 0 19419 0 387299 0 0 0 THERESA KERI START 1221 VP PRODUCTION & DELIVERY 236377 0 0 0 25101 0 34372 0 6851 0 302701 0 0 0 DIANE BAILEY END 1921 SVP, PRODUCTION & DELIVERY 19255 0 85500 0 7841 0 116985 0 7528 0 237109 0 0 0 JEFFREY SINE TRUSTEE 176667 0 0 0 0 0 0 0 0 0 176667 0 0 0 BEVERLY DANIEL TATUM TRUSTEE 155500 0 0 0 0 0 0 0 0 0 155500 0 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENTS/PERSONAL SERVICES: NINETEEN OFFICERS RECEIVED THIS BENEFIT (RELATED TO FINANCIAL PLANNING) DURING 2021. IT WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUALS. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: ONE OFFICER RECEIVED THIS BENEFIT DURING 2021. IT WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL. PART I, LINE 3 ETS ENGAGES AN EXTERNAL INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT ORGANIZATION ("IECCO") TO REVIEW AND ADVISE ON WORKER COMPENSATION LAWS. FURTHER, THE IECCO PREPARES AN ANNUAL REPORT OF PROPOSED COMPENSATION FOR ETS'S CEO AND OFFICERS EVALUATING THE REASONABLENESS OF THE COMPENSATION, AS DEFINED BY THE IRS INTERMEDIATE SANCTION RULES. THE REPORT ASSESSES THE RELEVANT LABOR MARKET FOR OFFICER ROLES USING NATIONAL DATA FROM COMPARABLE ORGANIZATIONS OF SIMILAR SIZE AND COMPLEXITY. THEN, CONSISTENT WITH THE COMPOSITION OF THE LABOR MARKETS IN WHICH ETS COMPETES FOR EXECUTIVE TALENT, APPROPRIATE COMPARATIVE ANALYSES ARE DEVELOPED FROM BOTH NOT-FOR-PROFIT AND FOR-PROFIT DATA. FINALLY, THE IECCO PREPARES A LETTER OF REASONABLENESS REGARDING THE ANALYSES OF OFFICER PAY CONSISTENT WITH GOVERNMENT GUIDELINES WHICH IS PRESENTED TO THE COMMITTEE ON GOVERNANCE AND HUMAN RESOURCES AND THE BOARD FOR REVIEW, COMMENT AND APPROVAL. PART I, LINES 4A-B LINE 4A: THE FOLLOWING OFFICERS; JOHN BASEHORE, BRUCE GILBERTSON, DAVID G. PAYNE, REBECCA PFUND, ANNE F. ROCKEY, AND JOHN MAZZEO RECEIVED SEVERANCE PAYMENTS OF $229,003, $220,428, $287,200, $542,021, $223,983, AND $159,899 RESPECTIVELY, FROM THE ORGANIZATION IN 2021. OF THE HIGHEST COMPENSATED EMPLOYEES IN 2021, LENORA M. GREEN SEVERANCE PAYMENTS OF $220,771 FROM THE ORGANIZATION IN 2021. LINE 4B: OFFICERS AND OTHER EXECUTIVES PARTICIPATED IN A SUPPLEMENTAL NON QUALIFIED RETIREMENT PLAN UNDER 457(F). THE NON-VESTED PORTION OF EACH OFFICER'S DEFERRED COMPENSATION IS REPORTED IN COLUMN C. THE VESTED PORTION OF EACH OFFICER'S DEFERRED COMPENSATION IS REPORTED IN COLUMNS B & F. PART I, LINE 6 ETS INCENTIVE COMPENSATION PROGRAMS ARE VARIABLE CASH COMPENSATION PROGRAMS TO PROVIDE EMPLOYEES EARNINGS OPPORTUNITIES IN ADDITION TO BASE PAY. THESE VARIABLE COMPENSATION COMPONENTS RECOGNIZE AND REWARD BASED ON INDIVIDUAL AND ETS PERFORMANCE. PAYMENT UNDER THESE PROGRAMS ARE REALIZED WHEN ETS MEETS AND ACHIEVES ITS ANNUAL PERFORMANCE TARGETS FOR THE YEAR, AS DETERMINED BY A HOLISTIC ASSESSMENT OF METRICS FROM ETS'S BALANCED SCORECARD OBJECTIVES INCLUDING FINANCIAL, OPERATIONAL, CUSTOMER AND GROWTH GOALS. PART I, LINE 7 ETS INCENTIVE COMPENSATION PROGRAMS ARE VARIABLE CASH COMPENSATION PROGRAMS TO PROVIDE EMPLOYEES EARNINGS OPPORTUNITIES IN ADDITION TO BASE PAY. THESE VARIABLE COMPENSATION COMPONENTS RECOGNIZE AND REWARD BASED ON INDIVIDUAL AND ETS PERFORMANCE. PAYMENT UNDER THESE PROGRAMS ARE REALIZED WHEN ETS MEETS AND ACHIEVES ITS ANNUAL PERFORMANCE TARGETS FOR THE YEAR, AS DETERMINED BY A HOLISTIC ASSESSMENT OF METRICS FROM ETS'S BALANCED SCORECARD OBJECTIVES INCLUDING FINANCIAL, OPERATIONAL, CUSTOMER AND GROWTH GOALS. NAIM ALPER FAMILY MEMBER OF OFFICER - KADRIYE ERICKAN-ALPER 220494 SALARY AND BENEFITS 0 RAYMOND GREGORY FAMILY MEMBER OF OFFICER - SHEREE JOHNSON-GREGORY 41201 SALARY AND BENEFITS 0 RICHARD HUDE FAMILY MEMBER OF OFFICER - TRACY HUDE 113990 SALARY AND BENEFITS 0 CARL KERI FAMILY MEMBER OF OFFICER - KERI THRERESA 98012 SALARY AND BENEFITS 0 FORM 990, PART VI, SECTION B, LINE 11B ALL TRUSTEES RECEIVE A COPY OF FORM 990 FOR REVIEW AND INFORMATION PRIOR TO BOARD OF TRUSTEES MEETING. FORM 990 IS REVIEWED BY THE BOARD OF TRUSTEES' AUDIT COMMITTEE AND THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEES OF EDUCATIONAL TESTING SERVICE, INDIVIDUALLY AND COLLECTIVELY, ARE EXPECTED TO ACT IN ACCORDANCE WITH THE HIGHEST STANDARDS OF ETHICAL BEHAVIOR. ANNUALLY, THE AUDIT COMMITTEE REVIEWS THE ETS CODE OF ETHICS FOR MEMBERS OF THE BOARD OF TRUSTEES. SUBSEQUENTLY, EACH TRUSTEE RECEIVES A COPY OF THE CODE OF ETHICS AND SIGNS A STATEMENT AGREEING TO ABIDE BY THE CODE. THE CODE OF ETHICS STATES A CLEAR POLICY ON CONFLICTS OF INTEREST. ETS ALSO HAS A CONFLICT OF INTEREST POLICY THAT IS SUPPLIED TO THE BOARD OF TRUSTEES, OFFICERS AND KEY EMPLOYEES. THE TRUSTEES ANNUALLY COMPLETE A TRUSTEE DISCLOSURE STATEMENT AND A TRUSTEE AFFILIATION FORM. THE DISCLOSURE STATEMENT REQUESTS IF THERE ARE ANY TRUSTEES WITH MATERIAL FINANCIAL INTEREST TO WHICH ETS IS A PARTY. THE AFFILIATION FORM REQUESTS INFORMATION REGARDING THE TRUSTEES EMPLOYMENT AS A STAFF MEMBER OR AS A CONSULTANT OF ETS, AS WELL AS THEIR AFFILIATION WITH OTHER ORGANIZATIONS. THE CORPORATE SECRETARY REVIEWS THESE DISCLOSURES FOR POTENTIAL CONFLICTS OR THE POTENTIAL APPEARANCE OF A CONFLICT. SHOULD A SITUATION BE DISCLOSED THAT PRESENTS A POTENTIAL CONFLICT, THE CORPORATE SECRETARY WOULD SEEK RESOLUTION WITH THE INVOLVEMENT OF THE APPROPRIATE AUTHORITY SUCH AS THE AUDIT COMMITTEE OR THE ETS GENERAL COUNSEL. INTRINSIC TO THE POLICY IS A TRUSTEE RECUSING THEMSELVES ON CERTAIN MATTERS OR RESIGNING FROM THE BOARD TO PREVENT A CONFLICT OF INTEREST OR AVOID AN APPEARANCE OF A CONFLICT OF INTEREST. FAILURE TO RESPOND TO THE ANNUAL DISCLOSURE PROCESS WOULD RESULT IN THE REQUISITE FOLLOW UP BY THE CORPORATE SECRETARY. CANDIDATES FOR TRUSTEES RECEIVE GENERAL INFORMATION ON RELEVANT ETS POLICIES, SUCH AS THE CODE OF ETHICS AND CONFLICT OF INTEREST AND ARE REQUIRED TO COMPLETE THE AFFILIATIONS FORM PRIOR TO STANDING FOR ELECTION. TRUSTEES CAN OBTAIN ASSISTANCE WITH THE INTERPRETATION OR ADMINISTRATION OF THE CODE OF ETHICS CONFLICTS POLICY OR PROCEDURES FROM THE CORPORATE SECRETARY OR THE GENERAL COUNSEL. TRUSTEES RECEIVE THE COMPLETE POLICY STATEMENTS UPON THEIR ELECTION. EDUCATIONAL TESTING SERVICE REQUIRES THAT EMPLOYEES, INCLUDING OFFICERS, WHO ARE UNCERTAIN WHETHER AN OUTSIDE ACTIVITY COMES WITHIN THE SCOPE OF ETS'S CODE OF ETHICS OR CONFLICT OF INTEREST POLICY, DISCUSS THE MATTER WITH THEIR SUPERVISORS. EMPLOYEES WISHING TO ENGAGE IN OUTSIDE ACTIVITIES MUST SUBMIT AN OUTSIDE ACTIVITIES REPORT TO THEIR DIVISION VICE PRESIDENT FOR REVIEW AND APPROVAL PRIOR TO ENGAGING IN THE ACTIVITY. EMPLOYEES MUST SUBMIT AN AMENDED REPORT WHENEVER THE ACTIVITY CHANGES. THE REPORT IS REVIEWED AND THE EMPLOYEE IS INFORMED WHETHER THE REQUEST IS APPROVED. THE EMPLOYEE'S DIVISION VICE PRESIDENT AND THE VICE PRESIDENT OF HUMAN RESOURCES (HR) RECEIVE A COPY OF ALL SUCH REPORTS REGARDLESS OF WHETHER THE REQUEST IS APPROVED. ANY SITUATION INVOLVING A POTENTIAL CONFLICT OF INTEREST MUST BE REVIEWED BY HR TO VERIFY THAT NO CONFLICT EXISTS. ANY EMPLOYEE WHO ACQUIRES INFORMATION THAT GIVES THE EMPLOYEE REASON TO BELIEVE THAT ANY EMPLOYEE, OFFICER OR TRUSTEE IS ENGAGED IN CONDUCT THAT IS PROHIBITED BY ETS'S CODE OF ETHICS OR SUBJECT TO ETS'S CONFLICT OF INTEREST POLICY, OR THAT ANY SALES REPRESENTATIVE, DISTRIBUTOR OR OTHER PERSON OR FIRM REPRESENTING ETS IN ANY TRANSACTION IS ENGAGED IN THE TYPE OF CONDUCT (WHETHER OR NOT IN CONNECTION WITH A TRANSACTION INVOLVING ETS OR ITS PRODUCTS) WHICH, IF ENGAGED IN BY AN EMPLOYEE, WOULD VIOLATE THIS POLICY IS REQUIRED TO REPORT THIS INFORMATION IMMEDIATELY. ALL COMPLAINTS REGARDING POTENTIAL CONFLICTS OF INTEREST ARE INVESTIGATED PROMPTLY, AND WHERE NECESSARY, IMMEDIATE AND APPROPRIATE ACTION IS TAKEN TO STOP AND REMEDY ANY SUCH CONDUCT. ANY EMPLOYEE OR OFFICER, FOUND IN VIOLATION OF THIS POLICY WILL BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION, DEPENDING UPON THE SEVERITY OF THE VIOLATION. THIS POLICY IS REVIEWED ON AN ANNUAL BASIS BY THE VICE PRESIDENT OF HUMAN RESOURCES. ALL ETS EMPLOYEES RECEIVE A COPY OF THE CODE OF ETHICS ON AN ANNUAL BASIS. THE ANNUAL REVIEW AND SIGNATURE INDICATING THEIR AGREEMENT TO COMPLY WITH THE POLICY IS MANDATORY AS PART OF EMPLOYMENT WITH ETS. FORM 990, PART VI, SECTION B, LINE 15 ETS ENGAGES AN EXTERNAL INDEPENDENT EXECUTIVE COMPENSATION CONSULTANT ORGANIZATION (IECCO) TO REVIEW AND ADVISE ON WORKER COMPENSATION LAWS. FURTHER, THE IECCO PREPARES AN ANNUAL REPORT OF PROPOSED COMPENSATION FOR ETS'S CEO AND OFFICERS EVALUATING THE REASONABLENESS OF THE COMPENSATION, AS DEFINED BY THE IRS INTERMEDIATE SANCTION RULES. THE REPORT ASSESSES THE RELEVANT LABOR MARKET FOR OFFICER ROLES USING NATIONAL DATA FROM COMPARABLE ORGANIZATIONS OF SIMILAR SIZE AND COMPLEXITY. THEN, CONSISTENT WITH THE COMPOSITION OF THE LABOR MARKETS IN WHICH ETS COMPETES FOR EXECUTIVE TALENT, APPROPRIATE COMPARATIVE ANALYSES ARE DEVELOPED FROM BOTH NOT-FOR-PROFIT AND FOR-PROFIT DATA. FINALLY, THE IECCO PREPARES A LETTER OF REASONABLENESS REGARDING THE ANALYSES OF OFFICER PAY CONSISTENT WITH GOVERNMENT GUIDELINES WHICH IS PRESENTED TO THE COMMITTEE ON GOVERNANCE AND HUMAN RESOURCES AND THE BOARD FOR REVIEW, COMMENT AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 ETS DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G TEST ADMIN & CONSULTANTS: PROGRAM SERVICE EXPENSES 278,379,052. MANAGEMENT AND GENERAL EXPENSES 66,263,897. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 344,642,949. SUBCONTRACTING COSTS: PROGRAM SERVICE EXPENSES 169,544,533. MANAGEMENT AND GENERAL EXPENSES 13,058,395. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 182,602,928. FORM 990, PART XI, LINE 9: CUMULATIVE EFFECT OF PENSION ADJUSTMENT -8,882,689. SUBSIDIARY EQUITY -27,330,613. ROUNDING -6,142. SUBPART F INCOME INCLUSION -217,209. 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