2016-11-07T09:00:12-06:00 2015-12-31 134008324 PricewaterhouseCoopers LLP 600 13th Street NW Suite 1000 Washington DC 20005 990 2015-01-01 131623965 College Entrance Examination Board COLL 2127138000 250 Vesey Street New York NY 10281 Martha Stratis CAO & Treasurer 2016-11-07 true Travis Patton P00369623 2024141000 2015-04-22 2015 2017-02-10 21:41:12Z The College Board David Coleman 250 Vesey Street New York NY 10281 1047049794 false X www.collegeboard.org X 1900 NY Founded in 1900, the College Board was created to expand access to higher education. We are a mission-driven, not-for-profit membership organization made up of over 6,000 of the world's leading colleges, schools, and other educational organizations. Through our programs and initiatives, we expand opportunities for students and challenge them to own their future by practicing hard and taking advantage of every opportunity they earn. We serve more than 7 million students and parents, 23,000 high schools, and 3,900 colleges and universities in over 180 countries, as well as policymakers on the national and state levels. Our primary goals are to improve college and career readiness and increase access to opportunity for all students through focused assessments, rigorous instruction, personalized practice, breaking barriers to college entry, and access to better planning tools and skills needed most for tomorrow's jobs. 30 29 1623 473 -253488 -253488 3923401 5646784 261945599 879427216 49291302 30702813 0 315160302 915776813 258397 838143 0 103226903 220047373 0 214310 253311241 617532262 356796541 838417778 -41636239 77359035 996702001 1087190480 201113909 253406217 795588092 833784263 X Our mission is to serve over 6,000 members and connect more than 7 million students to college success and career opportunity. Through our programs and initiatives, we expand opportunities for students and challenge them to own their future by practicing hard and taking advantage of every opportunity they earn. false false 338677623 362247000 Focused Assessments The College Board is committed to delivering focused, clear, and useful assessments that offer students real benefits and reflect what they're already learning in class. College Board assessments provide benchmarks and consistent feedback for measuring student progress over time, allowing teachers to accelerate students who are ahead and help those who are behind. Fee waivers and discounts of $95 million were provided to underrepresented students during 2015. Redesigned SAT + PSAT/NMSQT: These exams focus on the skills and knowledge that evidence shows is necessary for college and career success. SAT: 1.7 million students in the class of 2015 took the SAT: 32.5% of test-takers were minority students. More than 850,000 students signed up to access free Official SAT Practice resources provided by the College Board and Khan Academy. The PSAT/NMSQT was taken by over 4.0 million students in over 24,000 schools. More than 76.0 million people visited the College Board's website to access free information on college preparation and access. College-Level Examination Program (CLEP) is the most widely accepted credit-by-examination program, available at 2,900 colleges and universities. It enables students of all ages and backgrounds to earn college credit by demonstrating their mastery of college-level material. 279536144 424369 408355087 AP, Instruction and Personalized Practice The College Board's unique instruction offerings play a key role in preparing students for success in college and career. SpringBoard: SpringBoard's research-based English Language Arts and Mathematics curricula are designed to prepare students for success in Advanced Placement courses, college, and career. Students in 2,507 schools across 608 school districts participated in SpringBoard during the 2014-15 school year. Advanced Placement Program: Founded in 1955, AP gives students the opportunity to perform college-level work in high school; students who succeed in AP are more likely to succeed in college and can potentially save time and money through placement and credit-granting policies. 1,542,620 11th and 12th grade public school students took AP in 2015, an increase of 4.4% from last year. Free Personalized Practice: We are committed to leveling the playing field by providing all students with free, personalized PSAT/NMSQT and SAT practice resources. The College Board has partnered with Khan Academy to offer free, personalized, interactive test practice materials for the PSAT/NMSQT and SAT. After the launch of Official SAT Practice on Khan Academy on June 2, 2015, more than 850,000 students signed up to access free, personalized tools to help them prepare for test day. Each student was able to access a personalized study plan, which included thousands of interactive questions with instant feedback, video lessons, full-length practice tests, and more. Students' PSAT/NMSQT scores are used to create personalized practice for each student. AP Potential: A free web-based tool that helps educators increase access to AP by using PSAT/NMSQT score data to identify students with the potential to succeed in AP. Last year, more than 9,500 unique users accessed this tool to find more AP-ready students. 43034499 73091 84743023 College Enrollment & Career Opportunities The College Board is increasing opportunities and breaking down barriers to college through expanded access to AP courses and scholarships, and fee waivers for all who need them. . All In: This campaign is designed to ensure that 100 percent of African American, Latino, and Native American students enroll in at least one AP class for which they've shown potential to succeed. Realize Your College Potential: In September 2015, we delivered personalized, actionable information about the college application process to approximately 26,000 high-achieving low-income students. Apply to 4 or More: Our Apply to 4 or More campaign encourages students to apply to at least four colleges and increases the chances that they'll enroll and succeed in a college that is a good fit for them. Packets of college planning information were mailed to approximately 87,000 academically on-track low-income students in the class of 2015. An additional 92,000 on-track low-income students in the class of 2015 received college planning information via email. Expanded scholarship opportunities: The College Board has partnered with the American Indian Graduate Center (AIGC), Asian & Pacific Islander American Scholarship Fund (APIASF), Hispanic Scholarship Fund (HSF), Jack Kent Cooke Foundation (JKCF), and United Negro College Fund (UNCF) to expand access to nearly $180 million in scholarship dollars to low-income and underrepresented students. By using information from the PSAT/NMSQT to enhance recruitment efforts, AIGC, APIASF, HSF, JKCF, and UNCF will have access to a better representation of eligible students from high schools across the country. College Application Fee Waivers: Every eligible senior gets four college application fee waivers, which may be used to apply to 2,000 participating colleges. During 2015, nearly 165,000 students have accessed college application fee waivers online using their personal College Board accounts. Student Search Service: introduces students to higher education and financial aid opportunities by providing a way for them to give personal and preferential information to colleges and scholarship programs that are looking for students like them - all at no cost to the student. 85.5% of eligible students in the graduating class of 2015 opted into Student Search Service at least once while in high school, up from 84.9% in the graduating class of 2014. CSS/Financial Aid PROFILE is used by nearly 350 organizations to help manage the financial aid process efficiently and equitably and to award need-based aid to the students who need it most. The College Board is expanding career opportunity by giving students better planning tools and helping them develop the skills that matter most for jobs of the future, including science, technology, engineering, and math (STEM), and coding. Focus on STEM Disciplines: STEM disciplines are essential to our nation's ability to compete in the global marketplace. The redesigned SAT's math and analysis questions are grounded in science, social science, career scenarios, and other real-world contexts. AP STEM Access Program: We have partnered with Google and DonorsChoose.org to create the AP STEM Access program. This goal of this program is to increase the number of underrepresented minority and female high school students who take AP courses in STEM disciplines. 307 schools participated in the AP STEM Access (APSA) program during the 2014-15 school year, starting 193 new AP classes in 433 AP subjects. Students took 11,076 AP STEM Exams through this program in May 2015. 51927171 340683 24082106 Other Services Research & Advocacy - The College Board's Research and Advocacy efforts are related primarily to the areas of college preparation and access, college affordability and financial aid, college admission and completion, and the importance of teachers and school counselors. Membership - The College Board works to strengthen relationships among members to achieve our shared goals through programs, services and large-scale conferences, the College Board seeks to foster community, expand knowledge and enhance the profession. Puerto Rico and Latin America - Assessment and educational services. 51927171 340683 24082106 713175437 true true false true false false false false false false true true false false true true true false false false true false false false false false false true true true false false false false false false false false false false false false false false false false false true 1859 0 true 1623 true true true true VI CA CJ MP UK BF false false false false false false false false X 30 29 false false false false true true true true true false false true true true true true true true true false CA DC OR X Martha Stratis 2127138000 250 Vesey Street New York NY 10281 SHIRLEY A ORT TRUSTEE 2.0 X X 0 0 0 DAVID COLEMAN PRESIDENT & CEO/TRUSTEE 40.0 X X 742278 0 155655 DOUGLAS L CHRISTIANSEN TRUSTEE 2.0 X X 0 0 0 NATHAN BROSTROM TRUSTEE 2.0 X 0 0 0 BARBARA A GILL TRUSTEE 2.0 X 0 0 0 WILLIAM M SCHILLING TRUSTEE 2.0 X 0 0 0 JAMES TILTON TRUSTEE 2.0 X 0 0 0 PAM PAULSON TRUSTEE 2.0 X 0 0 0 PHILIP A BALLINGER TRUSTEE 2.0 X 0 0 0 KAREN COOPER TRUSTEE 2.0 X 0 0 0 VON MANSFIELD TRUSTEE 2.0 X 0 0 0 DANIEL R PORTERFIELD PH D TRUSTEE 2.0 X 0 0 0 MICHAEL J SORRELL TRUSTEE 2.0 X 0 0 0 CAESAR T STORLAZZI TRUSTEE 2.0 X 0 0 0 SCOTT VERZYL TRUSTEE 2.0 X 0 0 0 PAMELA AGOYO TRUSTEE 2.0 X 0 0 0 CRAIG BECKER TRUSTEE 2.0 X 0 0 0 JOSEPH DRAGONE TRUSTEE 2.0 X 0 0 0 CHIO FLORES TRUSTEE 2.0 X 0 0 0 KENNETH L ENDER TRUSTEE 2.0 X 0 0 0 KAYA HENDERSON TRUSTEE 2.0 X 0 0 0 MAGHAN KEITA TRUSTEE 2.0 X 0 0 0 MARYBETH GASMAN TRUSTEE 2.0 X 0 0 0 LEWIS D FEREBEE TRUSTEE 2.0 X 0 0 0 KAINE OSBURN TRUSTEE 2.0 X 0 0 0 RONNE P TURNER TRUSTEE 2.0 X 0 0 0 AL MIJARES TRUSTEE 2.0 X 0 0 0 MICHAEL J MCDONOUGH TRUSTEE 2.0 X 0 0 0 JON D MCGEE TRUSTEE 2.0 X 0 0 0 NAN M DAVIS TRUSTEE 2.0 X 0 0 0 DOROTHY SEXTON VP, SECRETARY 40.0 X 237079 0 40445 JEREMY SINGER SVP, CHIEF OPERATING OFFICER 40.0 X 551768 0 59303 NEIL LANE GENERAL COUNSEL 40.0 X 457123 0 55373 STEVEN TITAN VP, TREASURER 40.0 X 334263 0 58253 PETER SCHWARTZ CHIEF ADMINISTRATIVE OFFICER & GENERAL COUNSEL 40.0 X 287132 0 15998 ROBERT GORDON SVP, FINANCE & STRATEGY 40.0 X 288270 0 13998 TREVOR PACKER SVP, AP PROGRAMS 40.0 X 378042 0 41471 TERRI SHAW SVP, Chief Information Officer 40.0 X 391387 0 55463 CYNDIE SCHMEISER CHIEF OF ASSESSMENT 40.0 X 400006 0 49258 John McGrath SVP,Communications & Marketing Communications 40.0 X 324450 0 47755 Stefanie Sanford Chief Global Policy & Advocacy Office of the Chief 40.0 X 404359 0 41542 James Montoya SVP, Higher Education & Int'l Office of Chief Membership/Governance/Higher Education 40.0 X 346447 0 44021 BRANDON JACKSON VP, BUSINESS APPLICATIONS 40.0 X 419841 0 42797 FRANK ASHLEY SVP, MEMBERSHIP AND HIGHER EDUCATION ENGAGEMENT 40.0 X 311671 0 57963 TODD HUSTON SR. VP, STATE AND DISTRICT PARTNERS 40.0 X 342996 0 55463 MARY C SCOTT VP, MEMBERSHIP Position reclassified as non-officer 40.0 X 248198 0 2884 6465310 0 837642 785 true true false EDUCATIONAL TESTING SERVICES 4897 COLLECTION CENTER DRIVE CHICAGO IL 60693 TESTING SERVICES 337413522 EXPERIS IT SERVICES US LLC 4400 POST OAK PARKWAY HOUSTON TX 77027 IT CONSULTING 38991529 NCS PEARSON 21866 NETWORK PLACE CHICAGO IL 60673 TESTING SERVICES 30701591 BENCHMARK BUILDERS INC 237 West 35th Street Suite 901 New York NY 10001 commercial building contractor 18762605 ALORICA INC 8151 PETERS ROAD PLANTATION FL 33324 CALL CENTER SERVICES 11271245 261 3327839 2318945 5646784 AP AND INSTRUCTION 611710 408355087 408355087 ASSESSMENTS 611710 362247000 362247000 COLLEGE OPPORTUNITIES & ENROLLMENT 611710 84743023 84743023 OTHER SERVICES 611710 24082106 24082106 0 0 0 0 879427216 14462185 -253488 14715673 0 0 102223116 45290493 99497377 31775604 2725739 13514889 16240628 16240628 0 0 0 0 0 915776813 879427216 -253488 30956301 340683 340683 497460 497460 4699947 1204464 3495483 166584993 106919315 59525674 140004 20822007 13217003 7585525 19479 15213235 9642324 5556700 14211 12727191 8066641 4648661 11889 410460 263344 147116 341329 341329 1376535 1376535 5537485 5537485 49889755 49889755 0 0 2621187 2621187 9541964 5042236 4499458 270 21141784 13767240 7374544 25761807 16228563 9512230 21014 19774319 15580089 4192020 2210 10208187 8479447 1723786 4954 24266793 17120040 7146753 1261308 1261308 ASSESSMENT ADMINISTRATION & DEVELOPMENT 418492209 418492209 PRINTING AND PUBLICATIONS 17484350 17324375 159696 279 RESEARCH 3982131 3982131 MARKETING 4190564 3698357 492207 1250095 798574 451521 0 838417778 713175437 125028031 214310 22082045 33237660 87823577 124811146 2307116 2561974 61384244 98639957 0 0 13805955 12376127 168458177 46297853 77842482 122160324 452966521 445130653 270211332 239870064 0 8278729 8402575 996702001 1087190480 55474382 78111550 79590376 89800656 66049151 85494011 201113909 253406217 X 791957898 832345136 3630194 1439127 795588092 833784263 996702001 1087190480 X 77359035 -31759276 -7403588 X false true X true true true X 9165 7570 8058 3923 5646 34362 737199 771896 813419 261946 879427 3463887 0 0 9165 7570 8058 3923 5647 34363 755529 787036 829535 269792 890720 3532612 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3532612 7415 9584 12013 6165 14462 49639 0 7415 9584 12013 6165 14462 49639 0 0 0 0 0 0 0 762944 796620 841548 275957 905182 3582251 0.9861 0.9875 0.0139 0.0125 X Schedule A, Part III SUPPORT SCHEDULE FOR ORGANIZATIONS DESCRIBED IN SECTION 509 (A)(2) PART III SCHEDULE A WAS COMPLETED IN THOUSANDS. PLEASE NOTE THAT THERE WAS NO IMPACT TO THE RESULTING PERCENTAGE COMPUTED. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true false false true 1376535 false false 1376535 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The College Board contacts legislators and their staff to provide data and statistics on K-12 education and college admissions and to encourage them to support appropriations for education. Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY The College Board contacts legislators and their staff to provide data and statistics on K-12 education and college admissions and to encourage them to support appropriations for education. 56898086 11905866 44992220 98099071 34516698 63582373 13461020 -124711 13585731 122160324 NONPUBLICLY TRADED SECURITIES 129803281 F PARTNERSHIPS 110066783 F 239870064 DEFERRED RENT 35905177 457 (B) PLAN LIABILITY 4156252 ACCRUED POST-RETIREMENT BENEFITS 45332582 DEFERRED COMPENSATION 100000 Capital Lease Payable Security Deposit 85494011 X 878480052 -31759276 0 -31759276 910239328 5537485 0 5537485 915776813 832880293 0 0 832880293 5537485 0 5537485 838417778 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The Board recognizes in the financial statements only those tax positions determined to be more likely than not of being sustained upon examination, based on the technical merits of the positions under the presumption that the taxing authorities have full knowledge of all relevant facts. The determination of which tax positions are more likely than not of being sustained requires the use of significant judgments and estimates by management, which may or may not be borne out by actual results. As of December 31, 2015, the Board had no reserves for uncertain tax provisions. Central America and the Caribbean 0 Investments 123669076 Central America and the Caribbean Program Services TESTING 185466 Central America and the Caribbean Program Services EDUCATIONAL CONFERENCES 30810 East Asia and the Pacific Program Services TESTING 3009805 East Asia and the Pacific Program Services EDUCATIONAL CONFERENCES 55037 East Asia and the Pacific Program Services WORKSHOPS 389461 Europe (Including Iceland and Greenland) Program Services TESTING 827514 Europe (Including Iceland and Greenland) Program Services EDUCATIONAL CONFERENCES 115587 Europe (Including Iceland and Greenland) Program Services WORKSHOPS 103326 Europe (Including Iceland and Greenland) Investments 693671 Middle East and North Africa Program Services TESTING 2302168 Middle East and North Africa Program Services EDUCATIONAL CONFERENCES 21618 Middle East and North Africa Program Services WORKSHOPS 35122 North America (Canada & Mexico only) Program Services TESTING 980945 North America (Canada & Mexico only) Investments 2193398 North America (Canada & Mexico only) Program Services EDUCATIONAL CONFERENCES 246903 Russia and Neighboring States Program Services EDUCATIONAL CONFERENCES 6814 Russia and Neighboring States Program Services TESTING 51977 South America Program Services WORKSHOPS 6352 South America Program Services TESTING 55730 South America Program Services EDUCATIONAL CONFERENCES 9571 South Asia Program Services EDUCATIONAL CONFERENCES 19766 South Asia Program Services WORKSHOPS 147847 Sub-Saharan Africa Program Services EDUCATIONAL CONFERENCES 14480 Sub-Saharan Africa 0 0 Investments 417974 North America (Canada & Mexico only) Program Services WORKSHOPS 1245765 Russia and Neighboring States Program Services Workshops 6986 0 0 0 0 0 0 134859907 1983262 136843169 true false true true true false true HARVARD UNIVERSITY 104 MOUNT AUBURN STREET CAMBRIDGE MA 02138 042108580 501(c)(3) 50000 RESEARCH THE FUND FOR PUBLIC SCHOOLS 52 CHAMBERS STREET NEW YORK NY 10007 112656137 501(c)(3) 175000 STEM EDUCATION DC PUBLIC EDUCATION 34-07 14TH STREET NW WASHINGTON DC 20010 261607955 501(c)(3) 54000 EDUCATION First Book 1319 F Street NW Washington DC 20004 521779606 501(c)(3) 13844 education 4 0 AP Fellowships 799 410369 Yes Student Awards for Health Research 5 60750 Dr. A. Forti Academic Excellence Awards 34 3310 Collegiance Contest 4 4750 AP Global Challenge 6 12000 Roadtrip Nation 4 4281 FMV IPADS AP Champion Award 4 2000 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. THE COLLEGE BOARD MAINTAINS ACCURATE RECORDS OF THE AMOUNTS OF GRANTS IN ACCORDANCE WITH GAAP, DOCUMENTS SELECTION CRITERIA AND ELIGIBILITY, AND MONITORS USE OF GRANT FUNDS. X true true X X X X X X true true false false false false false false false DAVID COLEMAN PRESIDENT & CEO/TRUSTEE 685218 0 0 0 57060 0 134450 0 21205 0 897933 0 0 0 DOROTHY SEXTON VP, SECRETARY 233705 0 0 0 3374 0 30924 0 9521 0 277524 0 0 0 JEREMY SINGER SVP, CHIEF OPERATING OFFICER 516206 0 0 0 35562 0 34450 0 24853 0 611071 0 0 0 NEIL LANE GENERAL COUNSEL 401279 0 0 0 55844 0 34450 0 20923 0 512496 0 0 0 STEVEN TITAN VP, TREASURER 314783 0 7500 0 11980 0 34450 0 23803 0 392516 0 0 0 PETER SCHWARTZ CHIEF ADMINISTRATIVE OFFICER & GENERAL COUNSEL 286069 0 0 0 1063 0 8396 0 7602 0 303130 0 0 0 ROBERT GORDON SVP, FINANCE & STRATEGY 287315 0 0 0 955 0 8396 0 5602 0 302268 0 0 0 TREVOR PACKER SVP, AP PROGRAMS 376771 0 0 0 1271 0 34450 0 7021 0 419513 0 0 0 TERRI SHAW SVP, Chief Information Officer 373007 0 0 0 18380 0 34450 0 21013 0 446850 0 0 0 CYNDIE SCHMEISER CHIEF OF ASSESSMENT 374247 0 0 0 25759 0 34450 0 14808 0 449264 0 0 0 John McGrath SVP,Communications & Marketing Communications 315935 0 0 0 8515 0 34450 0 13305 0 372205 0 0 0 Stefanie Sanford Chief Global Policy & Advocacy Office of the Chief 386626 0 0 0 17733 0 34450 0 7092 0 445901 0 0 0 James Montoya SVP, Higher Education & Int'l Office of Chief Membership/Governance/Higher Education 332228 0 0 0 14219 0 34450 0 9571 0 390468 0 0 0 BRANDON JACKSON VP, BUSINESS APPLICATIONS 187761 0 0 0 232080 0 27690 0 15107 0 462638 0 0 0 FRANK ASHLEY SVP, MEMBERSHIP AND HIGHER EDUCATION ENGAGEMENT 301413 0 0 0 10258 0 34450 0 23513 0 369634 0 0 0 TODD HUSTON SR. VP, STATE AND DISTRICT PARTNERS 332388 0 0 0 10608 0 34450 0 21013 0 398459 0 0 0 MARY C SCOTT VP, MEMBERSHIP Position reclassified as non-officer 2396 0 0 0 245802 0 2410 0 474 0 251082 0 0 0 Schedule J, Part I, Line 4a Severance Brandon Jackson $209,041 Mary C. Scott $229,493 Schedule J, Part I, Line 1a First-class or charter travel FIRST CLASS TRAVEL IS SOMETIMES USED BY 3 STAFF MEMBERS OF THE OFFICE OF THE PRESIDENT AND IS EXCLUDED FROM TAXABLE COMPENSATION IN ACCORDANCE WITH IRC SEC. 274. Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan $100,000 in deferred compensation for David Coleman was accrued but not paid to him in 2015 Form 990, Part III, Line 4d Description of other program services (Expenses $ 51,927,171 including grants of $ 340,683)(Revenue $ 24,082,106) Other Services Research & Advocacy - The College Board's Research and Advocacy efforts are related primarily to the areas of college preparation and access, college affordability and financial aid, college admission and completion, and the importance of teachers and school counselors. Membership - The College Board works to strengthen relationships among members to achieve our shared goals through programs, services and large-scale conferences, the College Board seeks to foster community, expand knowledge and enhance the profession. Puerto Rico and Latin America - Assessment and educational services. Form 990, Part VI, Line 6 Classes of members or stockholders The College Board is a membership corporation chartered by the NYS Board of Regents whose members are institutions, systems, organizations and agencies engaged in or serving post-secondary/higher and secondary education and working to support preparation for and transition to post-secondary /higher education. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Members elect 30 of the 31 members of the governing body, the Board of Trustees, by appointing delegates who represent them at meetings of the College Board, Regional Assemblies, and National Assemblies as follows: 9 Trustees are elected by 6 Regional Assemblies, 6 Trustees are elected by 3 National Assemblies, and 15 Trustees are elected at-large nationally. The President is appointed by the Trustees. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders If the governing board proposes an amendment of the corporate Charter or bylaws, a two-thirds vote of the members is required to approve the proposed amendment. Members may also suspend the Bylaws with a unanimous vote when a quorum is present at a meeting. Form 990, Part VI, Line 11b Review of form 990 by governing body The 990 is reviewed by the Tax Director, the College Board's public accounting firm, the Chief Accounting Officer & Treasurer, members of the senior management team, and the Audit Committee of the Board of Trustees before it is provided to the Board of Trustees for approval. Form 990, Part VI, Line 12c Conflict of interest policy Annual Disclosure Statement - Each year, the College Board Office provides the Trustees, Officers, and Executive Directors "Guidelines for Avoiding Conflicts of Interest, Maintaining Confidentiality, and Barring Insider Trading" and requires them to sign annual disclosure statements, which are reviewed by the College Board Offices of the Secretary and General Counsel. The College Board Employee Handbook ("Handbook") sets forth the College Board policies on conflicts, which require employees to report actual and potential conflicts in writing. A violation will result in immediate discipline, up to and including immediate termination. Ethics and Compliance Reporting System is an additional mechanism for both employees and non-employees to raise concerns in an anonymous and confidential manner through an internet based ethics and compliance reporting system and call center. Reports submitted are reviewed by the College Board Office of the General Counsel. Form 990, Part VI, Line 15a Process to establish compensation of top management official Compensation for officers and top management is reviewed annually by an external consulting firm and by the Trustee Committee on Human Resources and Compensation. Form 990, Part VI, Line 15b Process to establish compensation of other employees Compensation for officers and top management is reviewed annually by an external consulting firm and by the Trustee Committee on Human Resources and Compensation. Form 990, Part VI, Line 19 Required documents available to the public The College Board complies with all laws requiring public disclosure of governing documents, conflict of interest policies, and financial statement reporting. The College Board's Bylaws, Charter, and Assembly Governance Plans are available at collegeboard.org. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Release of Temporarily Restricted Net Assets - -2191065; Post Retirement Benefits - -5212523;