2017-06-28T09:07:46-05:00 2016-08-31 420714325 RSM US LLP 201 FIRST ST SE SUITE 800 CEDAR RAPIDS IA 52401 990 2015-09-01 272574917 ACT FOUNDATION ACTF 3193371000 500 ACT DRIVE IOWA CITY IA 52245 THOMAS J GOEDKEN TREASURER 3193371000 2017-06-26 1 CARLEY UMSTEAD P00982177 3192985333 2015 2021-01-29 14:40:06Z MARTEN ROORDA 500 ACT DRIVE IOWA CITY IA 52245 8121366 0 X HTTP://ACTFDN.ORG/ X 2010 IA TO SUPPORT THE ACTIVITIES OF ACT, INC. 3 0 12 7 0 0 7752069 4039113 0 0 554635 840799 0 0 8306704 4879912 0 0 0 0 1811137 1640003 0 0 0 3660074 4564441 5471211 6204444 2835493 -1324532 33681692 33570876 1338686 1314971 32343006 32255905 X TO SUPPORT THE ACTIVITIES OF ACT, INC. ("SUPPORTED ORGANIZATION".) THE PURPOSES OF THE SUPPORTED ORGANIZATION INCLUDE, BUT ARE NOT LIMITED TO, ADVANCING 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. 0 0 4803577 TO SUPPORT THE ACTIVITIES AND MISSION OF ITS SUPPORTED ORGANIZATION, ACT INC. N/A N/A 4803577 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 28 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 3 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 1 1 0 0 X THOMAS J GOEDKEN 3193371000 500 ACT DRIVE IOWA CITY IA 52243 PARMINDER K JASSAL EXECUTIVE DIRECTOR 40.00 0.00 X X 323556 0 48936 BRYAN MAACH DIRECTOR (UNTIL 12/31/15) 2.00 37.00 X 0 282972 41749 WALTER BUMPHUS DIRECTOR (UNTIL 12/31/15) 2.00 3.00 X 0 54167 0 LOVELY DHILLON DIRECTOR (UNTIL 12/31/15) 3.00 0.00 X 6000 0 0 AMY LAITINEN DIRECTOR (UNTIL 12/31/15) 3.00 0.00 X 6000 0 0 EVANGELINA SHREEVE DIRECTOR (UNTIL 12/31/15) 3.00 0.00 X 6000 0 0 MARTEN ROORDA DIRECTOR (EFF. 02/01/16) 0.00 40.00 X 0 220137 25341 JAMES LARIMORE DIRECTOR (EFF. 02/01/16) 0.00 40.00 X 0 284444 39755 THOMAS J GOEDKEN TREASURER/DIRECTOR 2.00 48.00 X 0 444661 58197 SARA NETOLICKY SECRETARY/DIRECTOR 2.00 43.00 X 0 277695 35677 MINDY FELDBAUM VP OF STRATEGY & PROGRAMS 40.00 0.00 X 264591 0 23263 MARCY DRUMMOND VP OF OPERATIONS & IMPACT 45.00 0.00 X 257416 0 29226 JON S WHITMORE FORMER DIRECTOR 2.00 40.00 X 0 704236 62590 863563 2268312 364734 3 1 1 0 INSTITUTE FOR THE FUTURE 201 HAMILTON AVE PALO ALTO CA 94301 PROGRAM CONSULTING 651005 BUSINESS ROUNDTABLE 300 NEW JERSEY AVE NW STE 800 WASHINGTON DC 20001 PROGRAM CONSULTING 406547 INNOVATEEDUCATE 255 STAAB ST SANTA FE NM 87501 PROGRAM CONSULTING 295669 PRYOR EDUCATION INSIGHTS LLC 4640 MARY ELLEN AVE SHERMAN OAKS CA 91423 PROGRAM CONSULTING 160692 FENTON COMMUNICATIONS INC 630 9TH AVE STE 910 NEW YORK NY 10036 ADVERTISING & MARKETING 146873 6 4039113 4039113 550733 550733 3531520 3241454 290066 290066 290066 4879912 0 0 840799 X 541941 541941 753055 434574 318481 120998 71020 49978 132767 15246 117521 91242 53555 37687 1969 1969 11975 11975 47874 47874 3846522 3742127 104395 110769 87030 23739 16912 5156 11756 430 430 22754 22754 280919 211376 69543 192239 153493 38746 MEMBERSHIP FEES 32078 30000 2078 6204444 4803577 1400867 0 3027873 1712985 1246019 1192859 1000000 0 52034 179586 28355766 30485446 33681692 33570876 1338686 1314971 1338686 1314971 X 28940897 31523247 3402109 732658 32343006 32255905 33681692 33570876 -1324532 1237431 0 X 0 1 X 1 0 X X X 1 ACT INC 420841485 9 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6117343 1237431 1237431 4879912 0 4879912 6204444 0 6204444 0 6204444 PART X, LINE 2: THE FOUNDATION IS RECOGNIZED AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION MAY BE SUBJECT TO FEDERAL AND STATE INCOME TAXES ON ANY NET INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE FOUNDATION FILES A FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY AND UNRELATED BUSINESS TAXABLE INCOME (UBIT) IS REPORTED ON FORM 990-T, AS APPROPRIATE. MANAGEMENT HAS EVALUATED MATERIAL TAX POSITIONS, WHICH INCLUDE SUCH MATTERS AS THE TAX EXEMPT STATUS OF THE ENTITY AND VARIOUS POSITIONS RELATIVE TO POTENTIAL SOURCES OF UBIT. AS OF AUGUST 31, 2016, THERE WERE NO UNCERTAIN TAX BENEFITS IDENTIFIED AND RECORDED AS A LIABILITY. ALL FORMS 990 FILED BY THE FOUNDATION FOR FISCAL YEARS ENDED AUGUST 31, 2013 AND LATER ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. 1 X X X X 0 1 0 0 0 0 0 0 0 PARMINDER K JASSAL EXECUTIVE DIRECTOR 303810 0 0 0 19746 0 28265 0 20671 0 372492 0 0 0 BRYAN MAACH DIRECTOR (UNTIL 12/31/15) 0 257566 0 23530 0 1876 0 23580 0 18169 0 324721 0 0 MARTEN ROORDA DIRECTOR (EFF. 02/01/16) 0 142227 0 0 0 77910 0 10015 0 15326 0 245478 0 0 JAMES LARIMORE DIRECTOR (EFF. 02/01/16) 0 236316 0 43200 0 4928 0 21600 0 18155 0 324199 0 0 THOMAS J GOEDKEN TREASURER/DIRECTOR 0 356506 0 67990 0 20165 0 43576 0 14621 0 502858 0 0 SARA NETOLICKY SECRETARY/DIRECTOR 0 217569 0 41576 0 18550 0 28428 0 7249 0 313372 0 0 MINDY FELDBAUM VP OF STRATEGY & PROGRAMS 260335 0 0 0 4256 0 15998 0 7265 0 287854 0 0 0 MARCY DRUMMOND VP OF OPERATIONS & IMPACT 250509 0 4000 0 2907 0 22753 0 6473 0 286642 0 0 0 JON S WHITMORE FORMER DIRECTOR 0 436122 0 132300 0 135814 0 49786 0 12804 0 766826 0 0 PART I, LINE 4B ACT, INC., THE SUPPORTED ORGANIZATION, MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN HAD NO PARTICIPANTS DURING THE FISCAL YEAR AUGUST 31, 2016. FORM 990, PART VI, SECTION A, LINE 2 SOME OFFICERS AND DIRECTORS HAVE BUSINESS RELATIONSHIPS TO THE EXTENT THAT THEY SERVE TOGETHER ON THE BOARDS OF OR ARE EMPLOYED BY RELATED ENTITIES: (1) THOMAS J. GOEDKEN IS AN OFFICER OF ACT, INC. WHICH EMPLOYS SARA NETOLICKY, BRYAN MAACH, JAMES LARIMORE, AND MARTEN ROORDA. (2) WALTER BUMPHUS IS A DIRECTOR OF ACT, INC. WHICH EMPLOYS THOMAS J. GOEDKEN, SARA NETOLICKY, BRYAN MAACH, JAMES LARIMORE, AND MARTEN ROORDA. (3)MARTEN ROORDA IS AN OFFICER AND A DIRECTOR OF ACT,INC. WHICH EMPLOYS THOMAS J. GOEDKEN, SARA NETOLICKY, BRYAN MAACH, AND JAMES LARIMORE. (4)SARA NETOLICKY IS AN OFFICER OF ACT, INC. WHICH EMPLOYS THOMAS J. GOEDKEN, BRYAN MAACH, JAMES LARIMORE, AND MARTEN ROORDA. (5)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT INTERNATIONAL B.V. (6)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS LTD (HONG KONG). (7)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS (AUSTRALIA) PTY LTD. (8)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT INFORMATION CONSULTING (SHANGHAI) CO LTD. (9)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT BUSINESS SOLUTIONS B.V. (10)MARTEN ROORDA AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT ASPIRE, LLC. FORM 990, PART VI, SECTION A, LINE 7A ALL DIRECTORS ARE APPOINTED BY THE BOARD OF DIRECTORS OF ACT, INC., THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B CHANGES TO THE BYLAWS MUST BE APPROVED BY BOTH THE BOARD OF DIRECTORS OF THE FILING ORGANIZATION AND THE BOARD OF DIRECTORS OF ACT, INC., THE SUPPORTED ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B ACT FOUNDATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 THE BOARD OF DIRECTORS CONDUCTS A SUBSTANTIVE REVIEW OF THE FORM 990 PRIOR TO ITS FILING WITH THE ASSISTANCE OF THE OUTSIDE TAX PREPARER AND ACT, INC. COUNSEL. THE FINAL VERSION OF THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST FOR BOTH ACT FOUNDATION AND ACT, INC. ARE MONITORED BY ACT, INC.'S ETHICS ADVISORY COMMITTEE AND/OR THE EXECUTIVE COMMITTEE OF THE ACT, INC. BOARD OF DIRECTORS. 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. THE ETHICS ADVISORY COMMITTEE REPORTS DIRECTLY TO THE AUDIT COMMITTEE OF ACT INC.'S BOARD OF DIRECTORS. CONFLICT OF INTEREST QUESTIONNAIRES SUBMITTED BY DIRECTORS AND OFFICERS ARE REVIEWED AND ADDRESSED BY ACT INC.'S AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD BASED UPON A PROCESS THAT INCLUDES REVIEW AND APPROVAL BY INDEPENDENT MEMBERS 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. EXCEPT FOR THE EXECUTIVE DIRECTOR, NO OTHER OFFICERS OR DIRECTORS WERE COMPENSATED FOR SERVICES PROVIDED TO ACT FOUNDATION. COMPENSATION FROM A RELATED ORGANIZATION REPORTED FOR SOME OFFICERS AND DIRECTORS IS FOR SERVICES PROVIDED TO ACT, INC., THE SUPPORTED ORGANIZATION, WHICH FOLLOWS SIMILAR PROCEDURES IN SETTING COMPENSATION FOR ITS OFFICERS AND DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 ACT FOUNDATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENT AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 1,727,551. MANAGEMENT AND GENERAL EXPENSES 15,145. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,742,696. OTHER SERVICES & FEES: PROGRAM SERVICE EXPENSES 1,727,551. MANAGEMENT AND GENERAL EXPENSES 15,145. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,742,696. HONORARIA: PROGRAM SERVICE EXPENSES 22,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 22,000. OTHER DATA PROCESSING: PROGRAM SERVICE EXPENSES 272. MANAGEMENT AND GENERAL EXPENSES 920. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,192. PROGRAM RELATED PROJECTS: PROGRAM SERVICE EXPENSES 264,753. MANAGEMENT AND GENERAL EXPENSES 73,185. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 337,938. 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