2022-05-03T11:40:57-05:00 2021-06-30 042734675 DANIEL DENNIS & COMPANY LLP 990 WASHINGTON STREET STE 203 DEDHAM MA 02026 990 2020-07-01 222579809 TWO TEN FOOTWEAR FOUNDATION INC TWOT 7817361524 1466 MAIN STREET WALTHAM MA 02451 CLYDE SYLVIA CFO 7817361524 2022-04-26 CLYDE SYLVIA 999009999 KENNETH LUND P01430775 6172629898 2022-04-26 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CLYDE SYLVIA 1466 MAIN STREET WALTHAM MA 02451 4585767 0 X WWW.TWOTEN.ORG X 1939 MA CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMERLY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS. 38 37 18 0 0 30379 4416582 3810008 0 0 659832 469525 332096 0 5408510 4279533 5033887 2897823 0 0 2077231 2092497 0 0 720655 2683800 1276688 9794918 6267008 -4386408 -1987475 37957081 45338279 920617 2032995 37036464 43305284 X CASE MANAGEMENT SERVICES, NAMELY THE COORDINATION OF NECESSARY FINANCIAL, EDUCATIONAL, SOCIAL AND COUNSELING SERVICES TO INDIVIDUALS EMPLOYED OR FORMELY EMPLOYED IN THE SHOE INDUSTRY OR THE IMMEDIATE FAMILY MEMBERS OF SUCH PERSONS. 0 0 4362490 2897823 HUMAN SERVICE EXPENSE:TWO TEN CHANGES THE LIVES OF FOOTWEAR EMPLOYEES AND THEIR FAMILIES DURING TIMES OF IMMEDIATE CRISIS BY PROVIDING EMERGENCY FINANCIAL ASSISTANCE TO COVER HOUSING COSTS, UTILITY BILLS, CAR REPAIRS AND OTHER IMMEDIATE NEEDS; NATURAL DISASTER RELIEF; REFERRALS TO SPECIAL SERVICES SUCH AS CRISIS INTERVENTION, CREDIT AND DEBT COUNSELING, AND OTHER SIMILAR LIFE SKILLS SERVICES; AND IMPORTANT COMMUNITY RESOURCES. FUNDS ARE PAID DIRECTLY TO CREDITORS EXCEPT IN A SMALL NUMBER OF CASES WHEN MINI-GRANTS BETWEEN $500-$1000 ARE GIVEN TO THOSE INDIVIDUALS IN CRISIS WHO ARE DOCUMENTED TO HAVE BEEN DISPLACED OR IMPACTED BY SAID DISASTER. THE MONIES PROVIDED HELP INDIVIDUALS GET THROUGH THEIR CRISIS AND PROVIDE FINANCIAL AS WELL AS EMOTIONAL RELIEF UNTIL THEIR LIVES BECOME STABLE AGAIN. THE BILLS THAT TWO TEN PAYS MEET THE MOST BASIC NEEDS OF INDIVIDUALS AND FAMILIES IN ORDER TO SURVIVE AND HOLD DOWN A JOB.THE POPULATIONS OF FOOTWEAR FAMILIES WE SERVE ARE EMPLOYED PREDOMINATELY (BUT NOT EXCLUSIVELY) IN RETAIL SALES, CUSTOMER SERVICE, FACTORY WORKERS, WAREHOUSE OPERATIVES, AND DISTRIBUTION CENTER ROLES. THESE JOBS ARE LOWER WAGE EARNING POSITIONS AND THOSE WORKING IN THEM ARE VULNERABLE TO LOSS OF INCOME AT DIFFERENT TIMES OF THE YEAR WHEN BUSINESS SLOWS OR ORDERS IN A FACTORY OR WAREHOUSE DECREASE. TWO TEN PROVIDES RESOURCES FOR FOOTWEAR EMPLOYEES FROM 50 STATES AS WELL AS PUERTO RICO AND THE U.S. VIRGIN ISLANDS. IN FY21 THE TOP FIVE STATES SEEKING TWO TEN'S SERVICES WERE PUERTO RICO, TEXAS, TENNESSEE, ARKANSAS AND INDIANA. IN FY21, THE TWO TEN SOCIAL SERVICES TEAM ASSISTED 2,971 FOOTWEAR FAMILIES WITH EMERGENCY ASSISTANCE. TWO TEN RECEIVED CALLS FROM A TOTAL OF 4,401 FOOTWEAR WORKERS AND THEIR FAMILIES AND 99% OF THOSE WORKERS RECEIVED A CALL BACK WITHIN TWO BUSINESS DAYS TO COMPLETE OUR INTAKE PROCESS. THE PERSONAL AND CONFIDENTIAL 30 MINUTE INTAKE CALL DETERMINES ELIGIBILITY AND HOW BEST TO MEET IMMEDIATE NEEDS. IN FY21, 59% OF CALLERS WERE FEMALE AND 41% OF CALLERS WERE MALE. THE THREE LARGEST AGE GROUPS WHO CALLED WERE BETWEEN THE AGES OF 33-50 (42%), BETWEEN THE AGES OF 18-32 (37%), AND 21% OF CALLERS FELL ABOVE THE AGE OF 51. THE REASON MOST CITED BY THOSE NEEDING ASSISTANCE WAS "FINANCIAL ISSUES", FOLLOWED BY "HEALTH AND "EMPLOYMENT ISSUES."IN FY21, TWO TEN PROVIDED FUNDS TO PAY THE RENT OR MORTGAGE OF 412 FAMILIES TO PREVENT EVICTION OR FORECLOSURE. WE ASSISTED 166 FAMILIES WITH EMERGENCY UTILITY SUPPORT, AND AUTO PAYMENTS, AUTO REPAIRS OR AUTO INSURANCE FOR 224 FAMILIES SO THEY COULD CONTINUE TO USE THEIR CAR TO GET TO WORK. TWO TEN ALSO HELPED WITH 2,487 CRISIS CASES (2,463 COVID/24 FUNERAL) THAT INCLUDES $3,000 IN FUNERAL BILLS AND EMERGENCY COSTS WHEN AN INDIVIDUAL WAS DISPLACED DUE TO A FIRE, FLOOD AND NATURAL OR COMMUNITY DISASTER. IN FY21, TWO TEN SERVED A TOTAL OF 4,401 FOOTWEAR EMPLOYEES WITH SPECIAL SERVICES, INCLUDING 782 REFERRALS TO OUR TELEPHONIC MENTAL HEALTH COUNSELING SERVICES AND 4,048 REFERRALS TO LOCAL COMMUNITY RESOURCES, SUCH AS UNITED WAY, RED CROSS AND SALVATION ARMY. EDUCATION EXPENSE AS PART OF OUR COMMITMENT TO STRENGTHENING THE FOOTWEAR INDUSTRY, TWO TEN FOOTWEAR FOUNDATION OFFERS FOOTWEAR EMPLOYEES AND THEIR FAMILIES HIGHER EDUCATION SCHOLARSHIPS BASED ON FINANCIAL NEED, ACADEMIC ABILITY AND PERSONAL PROMISE. IN FY21, TWO TEN FUNDED 189 STUDENTS WITH SCHOLARSHIPS. 97% OF THE STUDENTS ARE FULL TIME STUDENTS, WHILE 3% OF THE STUDENTS ARE PART-TIME. SCHOLARSHIP FUNDS WERE AWARDED TO 185 RENEWAL SCHOLARS AND 4 NEW SCHOLARS. MOST STUDENTS RECEIVED AN AWARD BETWEEN $4,000 AND $5,000 WITH THE OPPORTUNITY TO RENEW ANNUALLY, PROVIDED THAT THEY MAINTAIN A REQUIRED GPA OF AT LEAST 2.5. ALL NEW SCHOLARSHIP AWARDS WILL AVERAGE $4,000 PER ANNUM, RENEWABLE FOR THREE YEARS. TWO TEN ALSO PROVIDES A SCHOLARSHIP FOR MILITARY VETERANS, CALLED THE FOOTWEAR WARRIORS ENDOWED SCHOLARSHIP. THIS SCHOLARSHIP IS MADE AVAILABLE TO THE MEN AND WOMEN WHO HAVE SERVED OUR U.S. MILITARY AND ARE CURRENTLY WORKING IN THE FOOTWEAR INDUSTRY.WITH THE COST OF HIGHER EDUCATION SOARING, TWO TEN SCHOLARSHIPS HELP EASE THE BURDEN FOR THOSE FOOTWEAR FAMILIES SENDING THEIR CHILDREN TO COLLEGE. TO BE ELIGIBLE TO APPLY AND BE CONSIDERED FOR A TWO TEN SCHOLARSHIP, THE APPLICANT MUST BE WORKING WITHIN THE FOOTWEAR INDUSTRY FOR A MINIMUM OF TWO YEARS, OR THE CHILD OF A PARENT WORKING IN THE INDUSTRY FOR THE SAME DURATION. THE SCHOLARS WORKING IN THE FOOTWEAR INDUSTRY COMPRISED 21% OF THE TOTAL POOL, WHILE THE REMAINING 79% HAD PARENTS WORKING IN THE FOOTWEAR INDUSTRY. TWO TEN ALSO OFFERS A SPECIALTY SCHOLARSHIP FOR THOSE PURSUING EDUCATION IN THE AREA OF FOOTWEAR DESIGN; THE FOOTWEAR DESIGN SCHOLARSHIP IS AVAILABLE TO ANY STUDENT WITHOUT EMPLOYMENT HISTORY IN THE FOOTWEAR INDUSTRY. THIS SCHOLARSHIP WAS CREATED TO ENCOURAGE STUDENTS ENTERING THE FIELD WHO HAVE TALENT AND PROMISE IN FOOTWEAR DESIGN. APPLICANTS FOR THE FOOTWEAR DESIGN SCHOLARSHIP ARE REQUIRED TO SUBMIT THREE SAMPLES OF THEIR SKETCHES AT THE TIME OF APPLICATION IN ADDITIONAL TO COMPLETING OUR STANDARD ONLINE APPLICATION. THE APPLICATION ADMINISTRATION PROCESS IS OUTSOURCED TO THE INTERNATIONAL SCHOLARSHIP AND TUITION SERVICES (ISTS). AFTER ISTS PRESENTS THE COMPLETED APPLICATIONS, TWO TEN SCHOLARSHIP STAFF RANKS APPLICANTS USING A SCORING RUBRIC THAT IS WEIGHTED BY THE FOLLOWING SYSTEM: 70% FINANCIAL NEED, 15% ACADEMICS BASED ON GPA AND 15% ACADEMIC RESUME BASED ON EXTRACURRICULAR ACTIVITIES. TWO TEN THEN SELECTS THE TOP STUDENTS FROM THE NEW POOL AND THOSE WHO MAINTAINED ELIGIBILITY FROM THE RENEWAL POOL UNTIL THE ENDOWMENT HAS BEEN SPENT. 162970 COMMUNITY BUILDING (FORMERLY MEMBER AND EDUCATION):TWO TEN FOOTWEAR FOUNDATION IS DEDICATED TO BUILDING A STRONGER FOOTWEAR COMMUNITY BY OFFERING NATIONAL EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS, DESIGNED TO PROVIDE OPPORTUNITIES TO ENGAGE WITH AND LEARN FROM FELLOW MEMBERS AND LEADERS OF THE FOOTWEAR INDUSTRY WHILE SUPPORTING TWO TEN. COMMUNITY ENGAGEMENT INITIATIVES, EACH OFFERING DIFFERENT ACTIVITIES AND OUTCOMES BASED ON THE INDIVIDUAL NEEDS OF ITS TARGETED CONSTITUENTS, INCLUDE WOMEN IN FOOTWEAR INDUSTRY (WIFI) AND HUMAN RESOURCES LEADERSHIP.WIFI, FOCUSES ON INSPIRING, MENTORING, AND CONNECTING WOMEN AT ALL LEVELS OF THEIR CAREERS, AS WELL AS CREATING ADVOCATES FOR TWO TEN. WIFI ACCOMPLISHES ITS GOALS BY HOLDING VIRTUAL NETWORKING AND PROFESSIONAL DEVELOPMENT EVENTS TWO- TO THREE-TIMES PER YEAR. IN EACH INSTANCE, TOPIC MATTER AND PROGRAM FORMAT IS DESIGNED TO BE RELEVANT AND SCALABLE TO MEET THE NEEDS AND INTERESTS OF EACH REGIONAL AREA. THE HUMAN RESOURCES LEADERSHIP (HRL) GROUP CONNECTS HUMAN RESOURCES PROFESSIONALS WITHIN THE FOOTWEAR INDUSTRY FOR THOUGHT LEADERSHIP SPECIFIC TO HR, BUT ALSO TO CREATE ADVOCACY FOR TWO TEN AND ITS MISSION. HRL WORKS ON TWO TEN'S BEHALF TO INCREASE AWARENESS OF THE FOUNDATION WITHIN THEIR COMPANIES, TO ENSURE FOOTWEAR EMPLOYEES KNOW ABOUT TWO TEN'S SERVICES AND PROGRAMS. HRL ALSO WORKS TOGETHER TO REACH OTHER HR PROFESSIONALS TO EDUCATE AND ENGAGE THEM IN THE FOUNDATION'S PROGRAMS AND SERVICES, SCHOLARSHIP OFFERINGS AND THE COMMUNITY GROUPS AVAILABLE TO MEMBERS OF THE FOOTWEAR INDUSTRY. 347800 INDUSTRY EDUCATION (FORMERLY LEADERSHIP DEVELOPMENT):THE TWO TEN FOOTWEAR FOUNDATION IS COMMITTED TO PROVIDING THE HELP AND RESOURCES NEEDED TO IMPROVE THE LIVES AND CAREERS OF FOOTWEAR PROFESSIONALS. IN FY21, INDUSTRY EDUCATION - OR OUTREACH - WAS INCORPORATED INTO EVERY POSSIBLE ACTIVITY TO MAXIMIZE THE OUTCOMES; EVERY OPPORTUNITY WAS UTILIZED TO INCREASE AWARENESS OF THE FOUNDATION'S OFFERINGS WITHIN THE INDUSTRY IT SERVES. UNFORTUNATELY, TWO TEN WAS UNABLE TO HOST ITS HIGHLY VISIBLE ANNUAL GALA FUNDRAISING EVENT IN FY21 DUE TO THE COVID PANDEMIC. DURING FY21, TWO TEN INCORPORATED OUTREACH INTO DOZENS OF VIRTUAL CORPORATE VISITS AND MADE PRESENTATIONS TO AMERICAN FOOTWEAR WORKERS. ADDITIONALLY, TWO TEN WORKED WITH ITS STRATEGIC PARTNERS TO PRESENT THE FOUNDATION TO TARGETED AUDIENCES THROUGH PRINT, DIGITAL AND VIRTUAL PRESENTATIONS. SOCIAL MEDIA AND DIGITAL COMMUNICATIONS CONTINUE TO INCREASE IN RELEVANCE AND IMPORTANCE AS CRITICAL COMMUNICATION TOOLS, PROVIDING VIBRANT FORUMS TO REACH, ENGAGE AND EDUCATE THE FOOTWEAR COMMUNITY. TWO TEN'S CONTENT DEVELOPMENT AND MANAGEMENT STRATEGY FOR ITS SOCIAL PROPERTIES DURING FY21 WAS FURTHER EXPANDED, WITH A DATABASE OF CLIENT STORIES PUSHED OUT THROUGH RELEVANT CHANNELS INCLUDING FACEBOOK, TWITTER, INSTAGRAM, LINKEDIN AND THE TWO TEN BLOG. THE FOUNDATION HAS SEEN AN UPTICK IN THE NUMBER OF FOLLOWERS IT HAS ON MULTIPLE DIGITAL PROPERTIES AND NEW VISITORS TO ITS WEBSITE PLATFORM. APPLICATIONS FOR TWO TEN'S SCHOLARSHIP OFFERINGS, INTAKE CALLS AND ATTENDANCE AT COMMUNITY GROUP EVENTS HAVE GROWN AS A RESULT OF THIS EFFORT. 4873260 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 1 18 0 1 1 0 0 0 0 0 0 0 0 0 X 38 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X CLYDE SYLVIA 7817361500 1466 MAIN STREET WALTHAM MA 02452 X DIANE SULLIVAN DIRECTOR 1.00 X 0 0 0 MICHAEL ATMORE DIRECTOR 1.00 X 0 0 0 CAROL BAIOCCHI DIRECTOR 1.00 X 0 0 0 JEFF ESPERSEN DIRECTOR 1.00 X 0 0 0 TSERING NAMGYAL DIRECTOR 1.00 X 0 0 0 DEBBIE FERREE CHAIR 1.00 X X 0 0 0 GLENN BARRETT DIRECTOR 1.00 X 0 0 0 SUSAN ITZKOWITZ DIRECTOR 1.00 X 0 0 0 GREG TUNNEY DIRECTOR 1.00 X 0 0 0 ROBERT MCHUGH DIRECTOR 1.00 X 0 0 0 TRACEY MCLEOD DIRECTOR 1.00 X 0 0 0 JONATHAN FRANKEL DIRECTOR 1.00 X 0 0 0 JIM SALZANO DIRECTOR 1.00 X 0 0 0 DANNY MUSKAT DIRECTOR 1.00 X 0 0 0 LESLIE GALLIN DIRECTOR 1.00 X 0 0 0 GREGG RIBATT DIRECTOR 1.00 X 0 0 0 KATIE BUTLER DIRECTOR 1.00 X 0 0 0 LARRY SIFF SECRETARY 1.00 X X 0 0 0 THOMAS TARICA DIRECTOR 1.00 X 0 0 0 RICK GRAHAM DIRECTOR 1.00 X 0 0 0 BEVERLY GOLDBERG DIRECTOR 1.00 X 0 0 0 BLAKE KRUEGER DIRECTOR 1.00 X 0 0 0 DAVE GRANGE DIRECTOR 1.00 X 0 0 0 JIM ISSLER DIRECTOR 1.00 X 0 0 0 GIOVANNA CIPRIANO DIRECTOR 1.00 X 0 0 0 LIZ RODBELL DIRECTOR 1.00 X 0 0 0 CLIFTON SIFFORD DIRECTOR 1.00 X 0 0 0 JOEL OBLONSKY DIRECTOR 1.00 X 0 0 0 BETH CROSS TREASURER 1.00 X X 0 0 0 CARRIE RUBIN DIRECTOR 1.00 X 0 0 0 PHILIPPA NEWMAN DIRECTOR 1.00 X 0 0 0 SOFIA HABERMAN DIRECTOR 1.00 X 0 0 0 JOE PRESTON DIRECTOR 1.00 X 0 0 0 MARTIN BERMAN DIRECTOR 1.00 X 0 0 0 SETH CAMPBELL DIRECTOR 1.00 X 0 0 0 STEPHANIE PUGLIESE DIRECTOR 1.00 X 0 0 0 DAVID KAHAN VICE CHAIR 1.00 X 0 0 0 SHAWN OSBORNE PRESIDENT AND CEO 37.50 X 269553 0 24846 TERRI RAWSON CHIEF MARKETING & DEVELOPM 37.50 X 208758 0 44142 CLYDE SYLVIA CFO/COO 37.50 X 208758 0 29714 687069 0 98702 3 0 1 0 0 336047 3473961 3810008 318105 318105 457654 306234 151420 151420 151420 4279533 0 0 469525 2897823 2897823 1736319 990014 368309 377996 52012 30530 11832 9650 179592 113747 32777 33068 124574 74632 24871 25071 3915 3915 42000 42000 17200 17200 16326 10360 1757 4209 113410 72374 12576 28460 3480 169 3284 27 34700 34700 162583 104053 17884 40646 22289 14264 2452 5573 BAD DEBT EXPENSE 355469 227500 39102 88867 CONSULTING EXPENSE 243420 151957 29730 61733 TEMPORARY HELP 87570 75303 12267 BUILDING REPAIRS AND EX 79692 50812 8893 19987 94634 42522 26744 25368 6267008 4873260 673093 720655 177863 397627 2307050 2660040 99656 100517 4409134 2588763 1937978 1820371 14180679 18798345 19253855 21561379 37957081 45338279 545128 270433 336047 1736047 39442 26515 920617 2032995 X -319287 -213008 37355751 43518292 37036464 43305284 37957081 45338279 -1987475 8256295 0 X X 0 1 X 1 0 X 6124922 4802805 4196334 4748678 3810008 23682747 6124922 4802805 4196334 4748678 3810008 23682747 23682747 712825 1532976 1387253 402196 318105 4353355 3850 2712 355 6917 28043019 0.84450 0.81700 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38175703 990858 5898133 726450 44348477 40256985 1055042 -1645999 1480092 38175703 39170208 1266085 793696 973004 40256985 36748491 1737608 1677974 993865 39170208 32173244 2978716 2444770 848239 36748491 0.02000 0.66000 0.32000 0 0 546867 546867 3008532 1842333 1166199 853735 746430 107305 1820371 ALTERNATIVE HEDGE FUNDS 21561379 F 21561379 ANNUITIES PAYABLE 26515 26515 X 12535828 8256295 8256295 4279533 0 4279533 6267008 0 6267008 0 6267008 PART X, LINE 2: GAAP REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE FOUNDATION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE "MORE-LIKELY-THAN-NOT" OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTIES THEREON, WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. THE FOUNDATION HAS EVALUATED THE TAX POSITIONS TAKEN IN ITS PREVIOUSLY FILED RETURNS AND THOSE EXPECTED TO BE TAKEN IN ITS 2021 RETURNS AND BELIEVES THEY ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED IF EXAMINED BY FEDERAL OR COMMONWEALTH TAX AUTHORITIES. THE FOUNDATION'S 2018 THROUGH 2020 TAX YEARS REMAIN SUBJECT TO TAX EXAMINATION BY FEDERAL AND COMMONWEALTH TAX AUTHORITIES CENTRAL AMERICA AND THE CARIBEAN INVESTMENT IN FOREIGN CORPORATION 11620655 0 0 0 0 0 0 11620655 0 11620655 0 0 1 0 0 0 PART III ACCOUNTING METHOD: 1 RELIEF PAYMENTS 4401 2171373 BOOK SCHOLARSHIPS 189 726450 BOOK PART I, LINE 2: RELIEF PAYMENTS - PAID DIRECTLY TO A CLIENT'S CREDITOR, IE. MORTGAGE LENDERS, UTILITY COMPANIES, CAR LENDERS, ETC. AND ARE APPLIED DIRECTLY TO THE CLIENTS ACCOUNT. SCHOLARSHIPS - APPLICATIONS ARE OUTSOURCED TO A CONSULTANT WHO DETERMINES WHICH STUDENTS QUALIFY FOR ASSISTANCE BASED ON THE ORGANIZATIONS ELIGIBLITY REQUIREMENTS. THEY MUST HAVE A DIRECT FAMILY MEMBER WHO HAS WORKED IN THE FOOTWEAR INDUSTRY OR THEY MUST HAVE WORKED THE PROPER AMOUNT OF TIME IN THE FOOTWEAR INDUSTRY. FEDERAL LAW STIPULATES THAT THE AMOUNT OF A STUDENT'S FINANCIAL ASSISTANCE MAY NOT EXCEED THEIR DEMONSTRATED FINANCIAL NEED. TO DETERMINE FINANCIAL NEED, WE DEDUCT THE STUDENTS ESTIMATED PARENTAL CONTRIBUTION FROM THE FAFSA STUDENT AID REPORT(WWW.FAFSA.GOV) AND THEIR SCHOLARSHIPS AND GRANTS FROM THE COST OF ATTENDANCE. ONCE THESE CALCULATIONS ARE COMPLETED THEN WE SCALE THE STUDENTS AWARDS BASED ON THEIR LENGTH OF TIME IN THE INDUSTRY AND HOW SUBSTANTIAL THEIR NEED IS. WE HAVE A SCHOLARSHIP BOARD COMMITTEE WHO REVIEWS THE FINAL INFORMATION AND RELEASES THE AWARDS. MONIES ARE PAID DIRECTLY TO THE SCHOOL THE STUDENT IS ATTENDING EVERY SEMESTER. 0 0 0 0 0 0 0 0 0 SHAWN OSBORNE PRESIDENT AND CEO 269553 0 0 0 0 0 0 0 24846 0 294399 0 0 0 TERRI RAWSON CHIEF MARKETING & DEVELOPM 208758 0 0 0 0 0 0 0 44142 0 252900 0 0 0 CLYDE SYLVIA CFO/COO 208758 0 0 0 0 0 0 0 29714 0 238472 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE AUDIT COMMITTEE DURING THE PRESENTATION OF THE AUDITED FINANCIAL STATEMENTS. AFTER REVIEWING THE 990 AND ALL QUESTIONS HAVE BEEN ANSWERED THE RETURN IS ACCEPTED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL STAFF, DIRECTORS AND OFFICERS ARE REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST. THE TRANSACTIONS AND ACTIVITIES OF THE ORGANIZATION ARE MONITORED ON AN ONGOING BASIS BY MANAGEMEMNT, THE BOARD OF DIRECTORS AND BOARD APPOINTED COMMITTEES. ANY CONFLICTS THAT ARISE ARE DEALT WITH ACCORDING TO THE ORGANIZATION'S DETAILED CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS SET BY THE ORGANIZATION'S COMPENSATION COMMITTEE BASED UPON COMPARABLE COMPENSATION DATA FOR THE SAME POSITON FOR ORGANIZATIONS OF SIMILAR SIZE WITHIN OUR INDUSTRY. THE DECISION OF THE COMPENSATION COMMITTEE IS REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO BEING FINALIZED. THE COMPENSATION OF ALL OTHER STAFF IS DETERMINED VIA A FORMAL SALARY ADMINSTRATION PROCESS. A JOB DESCRIPTION IS ESTABLISHED FOR EACH POSITION INCLUDING KNOWLEDGE, SKILLS, AND EXPERIENCES REQUIRED TO PERFORM THE JOB. EACH POSITION IS PRICED ACCORDING TO MARKET DATA FOR LIKE POSITIONS AT SIMILAR SIZED ENTITIES. ANNUAL INCREASES ARE BASED ON MERIT MEASURED BY APPROPRIATE INDICATORS OF JOB PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 ALL OF THE ORGANIZATIONS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON DIRECT REQUEST OF THE ORGANIZATION. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR