2022-11-10T14:52:14-06:00 2021-12-31 FORVIS LLP 201 N Illinois Street Indianapolis IN 46204 990 2021-01-01 351978359 EdChoice Inc % CAREY E FOLCO EDCH 3176810745 111 MONUMENT CIRCLE SUITE 2650 INDIANAPOLIS IN 46204 ROBERT C ENLOW PRESIDENT AND CEO 3176810745 2022-11-15 true Robert C Enlow XXX-XX-XXXX NICOLE B FISHBACK P01279475 3173834000 2022-11-15 2 2021 2022-09-23 18:48:47Z ROBERT C ENLOW 111 MONUMENT CIRCLE STE 2650 INDIANAPOLIS IN 46204 10967421 false X WWW.EDCHOICE.ORG X 1996 IN ADVANCING EDUCATIONAL FREEDOM AND CHOICE FOR ALL AS A PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY 9 7 30 8 0 0 7274922 9054335 105097 57816 712360 995843 17966 9135 8110345 10117129 835250 1111040 0 0 3122169 3501522 117500 122078 860715 3213343 4736839 7288262 9471479 822083 645650 19163460 20542454 1228179 723285 17935281 19819169 X EDCHOICE, INC. IS DEDICATED TO ADVANCING FULL AND UNENCUMBERED EDUCATIONAL CHOICE AS THE BEST PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY. SEE SCHEDULE O. false false 2186727 30000 RESEARCH AND THOUGHT LEADERSHIP: EDCHOICE, INC, PRODUCES NON-PARTISAN RESEARCH AND PUBLICATIONS INTENDED TO INFORM THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE. TYPES OF RESEARCH AND EDUCATIONAL PUBLICATIONS INCLUDE: REVIEWING AND SYNTHESIZING EXISTING RESEARCH ON EDUCATIONAL CHOICE, SUCH AS THE ABC'S OF SCHOOL CHOICE AND INFORMATIONAL BROCHURES; CONDUCTING ORIGINAL STATE AND NATIONAL RESEARCH ON EDUCATIONAL CHOICE, SUCH AS STATE POLLING AND FISCAL AND ACADEMIC IMPACT STUDIES; AND PUBLISHING COMMENTARY PAPERS, WEBINARS AND BLOGS. 2924546 46000 57816 TRAINING AND OUTREACH: EDCHOICE, INC, UNDERTAKES NON-PARTISAN EDUCATIONAL TRAINING AND OUTREACH ACTIVITIES THAT INFORM THE PUBLIC, MEDIA AND POLICY MAKERS ON THE ISSUE OF EDUCATIONAL CHOICE AND ON EXISTING SCHOOL CHOICE PROGRAMS. THIS INCLUDES FORMAL TRAININGS, CONFERENCES, FACT-FINDING TRIPS, AND EDUCATIONAL BRIEFINGS. 3164706 1035040 STATE PROGRAMS: EDCHOICE, INC, WORKS IN STATES AROUND THE COUNTRY T0 EDUCATE THE PUBLIC ON THE ISSUE OF EDUCATIONAL CHOICE, PROVIDING EDUCATIONAL SERVICES TO STATE-BASED ORGANIZATIONS AND INDIVIDUALS. SERVICES INCLUDE: SPONSORING AND HOSTING INFORMATIONAL SYMPOSIUMS, TESTIFYING IN FRONT OF VARIOUS LEGISLATIVE BODIES, EDUCATING LOCAL AND STATE ORGANIZATIONS ON SCHOOL CHOICE PROGRAMS, PARENT EDUCATIONAL EFFORTS AND TRAINING, INFORMING MEDIA, PROVIDING TECHNICAL ADVICE ON THE DRAFTING OF LEGISLATION, AND SPONSORING VISITS BY EXPERT SPEAKERS. 8275979 true true false true false false false false false false true false false false false false true false false false false false false true false false false true false true false false false false false false false false true false false false false false false false false true X 69 0 30 true false false false false false false false false false false false false X 9 7 false false false false false false false true true false false true true true true true true true false false AL AR CA FL GA IL KS KY MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI X CAREY E FOLCO 3176810745 111 MONUMENT CIRCLE SUITE 2650 INDIANAPOLIS IN 46204 X ROBERT C ENLOW PRESIDENT & CEO 45.0 0.0 X X 323504 0 29703 MICHAEL MCSHANE DIRECTOR OF NATIONAL RESEARCH 40.0 0.0 X 152396 0 34821 LESLIE HINER VICE PRESIDENT- Legal Affairs 40.0 0.0 X 176951 0 10099 STEVEN HOLWERDA VICE PRESIDENT OF DEVELOPMENT 40.0 0.0 X 167893 0 16573 PAUL DIPERNA V.P. OF RESEARCH & INNOVATION 40.0 0.0 X 148241 0 24013 BRIAN MCGRATH V.P. OF EXTERNAL RELATIONS 40.0 0.0 X 146650 0 25057 JASON BEDRICK DIRECTOR OF POLICY 40.0 0.0 X 127958 0 34822 CAREY E FOLCO VICE PRESIDENT OF OPERATIONS 40.0 0.0 X 130800 0 17168 VIRGINIA WALDEN-FORD DIRECTOR 1.0 0.0 X 13500 0 0 FRED S KLIPSCH CHAIRMAN 2.0 0.0 X X 0 0 0 DEVIN ANDERSON TREASURER 1.0 0.0 X X 0 0 0 DAVID D FRIEDMAN DIRECTOR 1.0 0.0 X 0 0 0 WILLIAM J HUME DIRECTOR 1.0 0.0 X 0 0 0 FRED REAMS DIRECTOR 3.0 0.0 X 0 0 0 MICHAEL WALKER DIRECTOR 1.0 0.0 X 0 0 0 J SCOTT ENRIGHT VICE CHAIRMAN & SECRETARY 5.0 0.0 X X 0 0 0 1387893 0 192256 12 false true false AMERICAN PHILANTHROPIC LLC 119 N HIGH STREET WEST CHESTER PA 19380 CONSULTING SERVICES 122078 MADISON MCQUEEN LLC 133 SHELDON STREET EL SEGUNDO CA 90245 MEDIA PRODUCTION SER 100295 2 428294 8626041 162541 9054335 CONFERENCE/EVENT REGISTRATION REVENUE 611710 57816 57816 57816 459054 459054 0 0 0 0 0 1387081 850292 536789 536789 536789 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 999999 9135 9135 9135 10117129 57816 1004978 X 1111040 1111040 0 0 0 696844 381287 108715 206842 0 2146865 1935398 78765 132702 56986 51253 2104 3629 405919 352837 18924 34158 194908 161665 12383 20860 0 1490 1490 33781 33781 215565 215565 122078 122078 0 1450559 1390364 41769 18426 179702 178887 815 151478 122869 16869 11740 0 0 124638 105730 6694 12214 194494 177790 564 16140 0 1457269 1414492 6653 36124 0 0 50403 42339 3024 5040 28167 23660 1690 2817 MAILING AND PRINTING FEES 403960 165470 1360 237130 STATE POLLING 38622 38622 SPEAKER/MODERATOR FEES 45635 45635 SPONSORED EVENTS 361076 361076 9471479 8275979 334785 860715 1136341 772840 3435495 3304917 154322 225000 0 0 0 0 0 0 0 0 0 0 232980 221132 518519 306530 262392 211989 13941930 15806576 0 0 0 0 0 0 0 0 19163460 20542454 744373 659785 0 0 57516 63500 0 0 0 0 0 0 0 0 426290 0 0 0 1228179 723285 X 17619189 19449368 316092 369801 17935281 19819169 19163460 20542454 645650 1238238 X false true X true false X 7500897 7502421 8652620 7274922 9054335 39985195 0 0 7500897 7502421 8652620 7274922 9054335 39985195 3986055 35999140 599800 613819 481361 505129 459054 2659163 0 26931 70869 59035 123063 66951 346849 42991207 0.83736 0.84126 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5079 218739 223818 9247661 9471479 623574 155894 524500 578383 514413 623574 2240870 3361305 114807 183574 49616 223818 571815 131125 144596 128603 155894 560218 840327 748 6665 5261 5079 17753 SCHEDULE C, PART II-A LOBBYING EXPENDITURES TO INFLUENCE PUBLIC OPINION: EDCHOICE, INC. IS NEVER INVOLVED IN POLITICAL CAMPAIGNS. THE SUBSTANTIAL ACTIVITY UNDERTAKEN BY EDCHOICE, INC. IS EDUCATIONAL IN NATURE. THE ORGANIZATION HAS MADE AN ELECTION UNDER SECTION 501(H) OF THE INTERNAL REVENUE CODE. CONSISTENT WITH AN ORGANIZATION EXEMPT UNDER CODE SECTION 501(C)(3) WITH "H ELECTION", THE ORGANIZATION ALSO UNDERTAKES ALLOWABLE AND LIMITED LOBBYING ACTIVITIES IN CERTAIN STATES TO AID IN THE PASSAGE OF LEGISLATION THAT ENABLES PARENTS TO RECEIVE AND DIRECT PUBLIC FUNDS IN ORDER TO CHOOSE THE BEST EDUCATIONAL SETTING FOR THEIR CHIDLREN, WHETHER THAT SETTING IS A PUBLIC SCHOOL, PRIVATE SCHOOL, CHARTER SCHOOL, AT HOME OR ONLINE. IN 2021, THESE ACTIVITIES INCLUDED ALLOCATING STAFF TIME FOR DIRECT LOBBYING TO STATE LEGISLATORS, engaging consultants to assist with legislative work, AND ENCOURAGING THE GENERAL PUBLIC TO SUPPORT SPECIFIC LEGISLATION. 214052 126540 87512 304467 179990 124477 211989 11355367 1238238 1238238 10117129 10117129 9471479 9471479 9471479 SCHEDULE D, PART X, LINE 2 ASC 740: MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON ITS REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. X X X X true AMERICAN PHILANTHROPIC LLC FUNDRAISING CONSULTING false 0 122078 0 122078 AL AZ CA FL GA IL KS KY MD MA MI MN MS MO NH NJ NY NC OR PA RI SC TN UT VA WV WI SCHEDULE G, PART I, LINE 2B HIGHEST PAID FUNDRAISER: The organization engaged American Philanthropic, LLC, to provide fundraising consulting services including advice on strategy, research and direct mail. true 100 BLACK MEN OF AMERICA INC 141 AUBURN AVENUE ATLANTA GA 30303 581974429 501 (C) (3) 50000 SEE PART IV CARDINAL INSTITUTE FOR WEST VIRGINIA POLICY INC PO BOX 11495 CHARLESTON WV 25339 471932521 501 (C) (3) 165000 SEE PART IV DIOCESE OF CHARLESTON 901 ORANGE GROVE ROAD CHARLESTON SC 29407 570352255 501 (C) (3) 70000 SEE PART IV EDFIT INDIANA INC 7007 ROYAL OAKLAND DRIVE INDIANAPOLIS IN 46236 815338341 501 (C) (3) 75000 SEE PART IV INDIANAPOLIS URBAN LEAGUE INC 777 INDIANA AVENUE INDIANAPOLIS IN 46202 356060655 501 (C) (3) 25000 SEE PART IV INSTITUTE FOR QUAILTY EDUCATION INC 101 WEST OHIO STREET SUITE 700 INDIANAPOLIS IN 46204 351836687 501 (C) (3) 150000 SEE PART IV IOWA ALLIANCE FOR CHOICE IN EDUCATION PO BOX 12219 DES MOINES IA 50312 204240578 501 (C) (3) 35000 SEE PART IV JOSIAH BARTLETT CENTER FOR PUBLIC POLICY PO BOX 897 CONCORD NH 03302 223235650 501 (C) (3) 50000 SEE PART IV LINCOLN NETWORK INC 2443 FILLMORE STREET 380-3386 SAN FRANCISCO CA 94115 472239840 501 (C) (3) 160000 SEE PART IV LOVE YOUR SCHOOL PO BOX 97250 PHOENIX AZ 85060 845012487 501 (C) (3) 75000 SEE PART IV NEVADA ACTION FOR CHOICE ACCESS 241 WEST CHARLESTON BLVD LAS VEGAS NV 89102 820930795 501 (C) (3) 100000 SEE PART IV PARENTS FOR EDUCATIONAL FREEDOM IN NORTH CAROLINA 3100 SMOKETREE COURT SUITE 501 RALEIGH NC 27604 202754466 501 (C) (3) 25000 SEE PART IV TAX EDUCATION FOUNDATION 2610 PARK AVENUE MUSCATINE IA 52761 421184154 501 (C) (3) 12500 SEE PART IV THE CHILDREN'S SCHOLARSHIP FUND - NEW HAMPSHIRE 89 SOUTH STREET CONCORD NH 03301 134002189 501 (C) (3) 10000 SEE PART IV THE OAKS COMMUNITY CENTER INC 3092 BROOKSIDE PARKWAY NORTH DRIVE INDIANAPOLIS IN 46218 261529969 501 (C) (3) 50000 SEE PART IV 15 SCHEDULE I, PART I, LINE 2 MONITORING THE USE OF GRANT FUNDS: EDCHOICE, INC. ACCEPTS APPLICATIONS FOR GRANTS THAT CONFORM TO THE ORGANIZATION'S TAX-EXEMPT PURPOSE AND EDUCATIONAL MISSION. APPLICATIONS MUST INCLUDE A DESCRIPTION OF THE PROJECT, AMOUNT REQUESTED, PROJECT BUDGET, METHOD TO EVALUATE SUCCESS, BOARD OF DIRECTORS LIST, AND FINANCIAL STATEMENTS. THE EDCHOICE PROGRAM STAFF REVIEW THE REQUEST AND SUBMIT SUGGESTED GRANTS TO THE EXECUTIVE MANAGEMENT. AFTER APPROVAL, THE VICE PRESIDENT OF OPERATIONS REVIEWS THE REQUEST FOR PROPER DOCUMENTATION AND DRAFTS A GRANT AGREEMENT THAT REQUIRES ALL FUNDS BE USED IN FURTHERANCE OF A PERMISSIBLE ACTIVITY UNDER CODE SECTION 501(C)(3), WHICH IS THEN SIGNED BY THE GRANTEE, AND THE PAYMENT IS MADE. PROGRAM STAFF WORK CLOSELY WITH THE GRANTEE TO ENSURE COMPLIANCE WITH THE GRANT AGREEMENT AND ENSURE PROPER USE OF GRANT FUNDS. GRANTEES ARE REQUIRED TO SUBMIT A FINAL REPORT ON THE PROJECT, INCLUDING HOW FUNDS WERE USED, IN A TIMELY MANNER AS REQUIRED BY THE GRANT AGREEMENT. SCHEDULE I, PART II, LINE 1, COLUMN H PURPOSE OF GRANT OR ASSISTANCE: *100 Black Men of America Inc - Support for organizational and chapter operations to provide educational dialogue and engagement opportunities to further roles of premier voices concerning equal educational opportunities and high-quality education in their respective communities. *Cardinal Institute for West Virginia Policy Inc - Support in implementing the Hope Scholarship Program, coalition work, general operations, and an outreach position. *Diocese of Charleston, United States Conference of Catholic Bishops - General operating support for educational communication and outreach efforts about educational opportunities in South Carolina. *EdFit Indiana, Inc. - Support for general operations and to convene organizations to discuss educational opportunity and options in Indiana, including minority coalition development efforts. *Indianapolis Urban League Inc - Support for general operations, including engaging young professionals, millennials, and community leaders in educational choice and in expanded conversation focused on educational options within Indianapolis. *Institute for Quality Education - General support to further build the Indiana model state project by working to educate parents, educational leaders, civic leaders, policy makers and the media on the importance of a quality education; by utilizing data and personal stories to show the value of providing a student with a quality education choice; and by exposing policy makers to successful learning models. *Iowa Alliance for Choice in Education - Support for general operations and growing local efforts by educating and equipping the public and partners in Iowa on educational choice. *Josiah Bartlett Center for Public Policy - Support for the creation of the Economic Opportunity Project of the Josiah Bartlett Center to produce high quality research and educational outreach and engagement on the economic opportunity of school choice. *Lincoln Network Inc - General support to expand knowledge and use of educational choice in Arizona and to increase awareness of school spending in the United States. And to Provide Support to help launch Project Nickel, and education data tool developed to create a unified database of what every individual public school in America spends per pupil. *Love Your School - Support to help inform the Arizona public about the availability and benefits of existing educational choices and to help parents access those options. *Nevada Action for Choice Access - General support for continued civic education in the state of Nevada about educational choice and its benefits. *Parents for Educational Freedom in North Carolina Inc - Support for increasing communication and engagement on education choice to new audiences in North Carolina. *Tax Education Foundation - Support for outreach and education in Iowa cities on the need for educational choice and its benefits. *The Children's Scholarship Fund in New Hampshire - Support for educational and administrative activities that aid the implementation process of Education Freedom Accounts in New Hampshire. *The Oaks Community Center Inc - Support for the Indiana School Leadership Fellowship and to expand efforts to move Oaks Academy resources online for other schools to benefits from Compendium. X X X X false false false false false false false true false ROBERT C ENLOW PRESIDENT & CEO 258504 0 65000 0 0 0 7800 0 21903 0 353207 0 0 0 LESLIE HINER VICE PRESIDENT- Legal Affairs 162627 0 14324 0 0 0 5024 0 5075 0 187050 0 0 0 MICHAEL MCSHANE DIRECTOR OF NATIONAL RESEARCH 130130 0 22266 0 0 0 3776 0 31045 0 187217 0 0 0 STEVEN HOLWERDA VICE PRESIDENT OF DEVELOPMENT 147175 0 20718 0 0 0 4415 0 12158 0 184466 0 0 0 PAUL DIPERNA V.P. OF RESEARCH & INNOVATION 128905 0 19336 0 0 0 3867 0 20146 0 172254 0 0 0 JASON BEDRICK DIRECTOR OF POLICY 112258 0 15700 0 0 0 3450 0 31372 0 162780 0 0 0 BRIAN MCGRATH V.P. OF EXTERNAL RELATIONS 133500 0 13150 0 0 0 4050 0 21007 0 171707 0 0 0 SCHEDULE J, PART I, LINE 7 NON-FIXED PAYMENTS: ROBERT C. ENLOW RECEIVED A PERFORMANCE PAYMENT WHICH WAS DETERMINED BY THE EXECUTIVE COMPENSATION COMMITTEE. THIS WAS A DISCRETIONARY BONUS BASED UPON FULFILLING THE MISSION OF THE ORGANIZATION, FOCUSING SPECIFICALLY ON PROGRAMMING, OPERATIONS AND FINANCIAL HEALTH OF THE ORGANIZATION. Some employees received A MERIT BONUS DETERMINED BY THE PRESIDENT AND CEO FOR EXCEPTIONAL WORK IN THEIR ROLES. X 7 162541 FMV false true false SCHEDULE M, PART I, COLUMN (B) NUMBER OF CONTRIBUTORS: THE ORGANIZATION REPORTS THE NUMBER OF CONTRIBUTORS IN COLUMN (B). FORM 990, PART III, LINE 1 ORGANIZATION'S MISSION: EDCHOICE, INC. IS DEDICATED TO ADVANCING FULL AND UNENCUMBERED EDUCATIONAL CHOICE AS THE BEST PATHWAY TO SUCCESSFUL LIVES AND A STRONGER SOCIETY. EDCHOICE BELIEVES THAT FAMILIES ARE BEST EQUIPPED TO MAKE K-12 SCHOOLING DECISIONS FOR THEIR CHILDREN. EDCHOICE, INC WORKS AT THE STATE LEVEL TO EDUCATE DIVERSE AUDIENCES ON THE BENEFITS OF HIGH-QUALITY SCHOOL CHOICE PROGRAMS. EDCHOICE, INC. IS THE INTELLECTUAL LEGACY OF MILTON AND ROSE D. FRIEDMAN, WHO FOUNDED THE ORGANIZATION IN 1996. FORM 990, PART V, LINE 1C COMPLIANCE WITH BACKUP WITHHOLDING RULES: EDCHOICE, INC. WAS NOT REQUIRED TO COMPLY WITH THE BACKUP WITHHOLDING RULES BECAUSE IT DID NOT MAKE REPORTABLE PAYMENTS TO VENDORS OR PAY REPORTABLE GAMING (GAMBLING) WINNINGS TO PRIZE WINNERS. FORM 990, PART VI, SECTION B, LINE 11B PROCESS TO REVIEW THE FORM 990: THE FORM 990 IS COMPLETED BY AN OUTSIDE ACCOUNTING FIRM, IN CONJUNCTION WITH THE VICE PRESIDENT OF OPERATIONS AND CONTROLLER. THE FORM 990 IS REVIEWED BY THE PRESIDENT AND CEO, VICE PRESIDENT OF OPERATIONS, CONTROLLER, SECRETARY, AN INDEPENDENT ACCOUNTING FIRM AND AN OUTSIDE ATTORNEY. UPON COMPLETION, THE FINAL FORM 990 IS SENT TO THE FULL BOARD OF DIRECTORS FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCESS FOR MONITORING COMPLIANCE WITH CONFLICT OF INTEREST POLICY: THE ORGANIZATION'S BOARD OF DIRECTORS HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO SUBMIT AN ANNUAL CONFLICT OF INTEREST DISCLOSURE. THE ANNUAL DISCLOSURE REQUIRES DIRECTORS, OFFICERS AND KEY EMPLOYEES TO DISCLOSE, IN WRITING, ANY KNOWN FINANCIAL INTEREST THAT THE INDIVIDUAL (TOGETHER WITH FAMILY MEMBERS) HAS IN ANY BUSINESS ENTITY THAT TRANSACTS BUSINESS WITH EDCHOICE, INC. IN ADDITION, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY POSSIBLE CONFLICT OF INTEREST THAT ARISES MID-YEAR IN RELATION TO A PROPOSED TRANSACTION. THE CONFLICT OF INTEREST POLICY REQUIRES THAT ANY INDIVIDUAL WITH A CONFLICT BE RECUSED FROM THE DECISION-MAKING PROCESS, THAT INDEPENDENT DIRECTORS DETERMINE WHETHER THE PROPOSED TRANSACTION IS IN THE BEST INTERESTS OF THE ORGANIZATION, AND THE TRANSACTION MUST BE APPROVED BY A VOTE OF THE INDEPENDENT DIRECTORS WITHOUT THE PARTICIPATION OF ANY INTERESTED INDIVIDUAL. THE ANNUAL CONFLICT DISCLOSURE STATEMENTS ARE SUBMITTED TO, AND REVIEWED BY, THE VICE PRESIDENT OF OPERATIONS. IN ADDITION, THE EXECUTIVE STAFF OF EDCHOICE, INC. ARE RESPONSIBLE FOR MONITORING ANY POSSIBLE CONFLICT TRANSACTIONS THAT ARISE AND MANAGING THEM TO ENSURE THAT ALL TRANSACTIONS REPRESENT ARMS' LENGTH, FAIR MARKET VALUE TERMS FOR THE BENEFIT OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15A REVIEW OF CEO OR TOP MANAGEMENT OFFICIAL COMPENSATION: THE ORGANIZATION'S BOARD OF DIRECTORS HAS ADOPTED AN EXECUTIVE COMPENSATION AND INTERMEDIATE SANCTIONS POLICY. THE PURPOSE OF THE POLICY IS TO ENSURE THAT THE ORGANIZATION'S COMPENSATION ARRANGEMENTS WITH RELATED PARTIES ARE EVALUATED AND ENTERED AT ARMS' LENGTH AND THAT ANY COMPENSATION THAT IS PAID TO A RELATED PARTY IS REASONABLE AND REFLECTS FAIR MARKET VALUE. THE POLICY ENCOURAGES THE APPLICATION OF THE REBUTTABLE PRESUMPTION STANDARD OF CODE SECTION 4958 AND THE RELATED TREASURY REGULATIONS BY (A) EXCLUDING ANY INTERESTED PARTY FROM THE DECISION-MAKING PROCESS; (B) REQUIRING DISINTERESTED BOARD MEMBERS TO OBTAIN AND RELY UPON COMPARABILITY DATA WHEN SETTING THE PROPOSED COMPENSATION TERMS; (C) REQUIRING APPROVAL OF THE TRANSACTION IN ADVANCE BY DISINTERESTED DIRECTORS; AND (D) REQUIRING CONTEMPORANEOUS DOCUMENTATION (I.E., MINUTES) REFLECTING THE DECISION AND THE PROCESS BY WHICH IT WAS MADE. ON JANUARY 14, 2021, 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 2021. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC: THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, SECTION A, LINE 9 REPORTABLE COMPENSATION: VIRGINIA WALDEN-FORD WORKS WITH THE ORGANIZATION AS PART OF THE EDCHOICE Experts SPEAKERS BUREAU. THE BOARD OF DIRECTORS HAS REVIEWED THIS WORK IN RELATION TO THE CONFLICT OF INTEREST POLICY AND DETERMINED THE PAYMENT IS AN HONORARIUM FOR SPEAKING ENGAGEMENTS, AND IS NOT RELATED TO HER DUTIES AS A DIRECTOR. FURTHERMORE, THE BOARD OF DIRECTORS APPROVED SUCH PAYMENT, WITH VIRGINIA WALDEN-FORD NOT PRESENT, IN ACCORDANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VII, SECTION B, LINE 1 INDEPENDENT CONTRACTORS: THE AMOUNT PAID TO AMERICAN PHILANTHROPIC, LLC AS AN INDePENDENT CONTRACTOR IS FOR FUNDRAISING AND OTHER CONSULTING SERVICES. FORM 990 PART IX LINE 11G DESCRIPTION:SUBSCRIPTION SERVICES TOTAL FEES:206462 FORM 990 PART IX LINE 11G DESCRIPTION:INDEPENDENT CONTRACTORS TOTAL FEES:1022971 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:203368 FORM 990 PART IX LINE 11G DESCRIPTION:EDITING AND WRITING FEES TOTAL FEES:5000 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:12758