2016-06-30T14:06:53-05:00 2015-08-31 420714325 RSM US LLP 221 THIRD AVENUE SE STE 300 CEDAR RAPIDS IA 524011512 990 2014-09-01 272574917 ACT FOUNDATION ACTF 3193371000 500 ACT DRIVE IOWA CITY IA 52245 THOMAS J GOEDKEN TREASURER 3193371000 2016-06-30 1 CARLEY UMSTEAD P00982177 3192985333 2014 2016-09-27 15:27:22Z PARMINDER K JASSAL 500 ACT DRIVE IOWA CITY IA 52245 9258185 0 X HTTP://ACTFDN.ORG/ X 2010 IA TO SUPPORT THE ACTIVITIES OF ACT, INC. 7 4 14 7 0 0 3685997 7752069 0 0 556934 554635 0 0 4242931 8306704 0 0 0 0 1219882 1811137 0 0 0 1883914 3660074 3103796 5471211 1139135 2835493 30414072 33681692 296788 1338686 30117284 32343006 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 3799340 TO SUPPORT THE ACTIVITIES AND MISSION OF ITS SUPPORTED ORGANIZATION, ACT INC. N/A N/A 3799340 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 0 0 14 1 0 0 0 0 0 0 0 0 0 0 X 7 4 1 0 1 0 0 1 1 1 1 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 X X 327842 0 44137 JON S WHITMORE DIRECTOR 2.00 41.00 X 0 845333 59438 BRYAN MAACH DIRECTOR 2.00 42.00 X 0 262714 39994 WALTER BUMPHUS DIRECTOR 2.00 3.00 X 0 51500 0 LOVELY DHILLON DIRECTOR 3.00 X 11000 0 0 AMY LAITINEN DIRECTOR 1.00 X 4000 0 0 EVANGELINA SHREEVE DIRECTOR 2.00 X 9000 0 0 THOMAS J GOEDKEN TREASURER 1.00 50.00 X 0 498949 48854 SARA NETOLICKY SECRETARY 1.00 45.00 X 0 270516 42874 351842 1929012 235297 1 0 1 0 INSTITUTE FOR THE FUTURE 201 HAMILTON AVE PALO ALTO CA 94301 PROGRAM CONSULTING 440000 HYATT REGENCY DALLAS 300 REUNION BLVD DALLAS TX 75207 HOSPITALITY SERVICES 260251 INNOVATEEDUCATE 255 STAAB ST SANTA FE NM 87501 PROGRAM CONSULTING 202530 EMILY STOVER DEROCCO 708 A ST SE WASHINGTON DC 20003 PROGRAM CONSULTING 155205 BUSINESS ROUNDTABLE 300 NEW JERSEY AVE NW STE 800 WASHINGTON DC 20001 PROGRAM CONSULTING 145000 5 3237069 4515000 7752069 503765 503765 1002351 951481 50870 50870 50870 8306704 0 0 554635 X 347191 347191 1078569 373668 704901 129084 34852 94232 156413 137527 18886 99880 26968 72912 6292 20 6272 16000 16000 52521 52521 2794797 2765092 29705 38000 38000 40095 10563 29532 12778 12283 495 18468 18468 414677 246174 168503 263269 154193 109076 MEMBERSHIP FEES 3109 3109 68 68 5471211 3799340 1671871 0 654262 3027873 1242361 1246019 0 1000000 100000 52034 28417449 28355766 30414072 33681692 296788 1338686 296788 1338686 X 29983083 28940897 134201 3402109 30117284 32343006 30414072 33681692 2835493 -609771 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 7696933 -609771 -609771 8306704 0 8306704 5471211 0 5471211 0 5471211 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, 2015, 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, 2012 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 291814 0 0 0 36028 0 23520 0 20617 0 371979 0 0 0 JON S WHITMORE DIRECTOR 0 608506 0 150000 0 86827 0 40996 0 18442 0 904771 0 71654 BRYAN MAACH DIRECTOR 0 240464 0 21302 0 948 0 21988 0 18006 0 302708 0 0 THOMAS J GOEDKEN TREASURER 0 347081 0 60764 0 91104 0 33806 0 15048 0 547803 0 48910 SARA NETOLICKY SECRETARY 0 213063 0 39330 0 18123 0 27855 0 15019 0 313390 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, 2015, HOWEVER, TWO LISTED PERSONS PARTICIPATED IN THIS PLAN IN PREVIOUS YEARS IN THEIR CAPACITY AS EXECUTIVES OF ACT, INC. AND RECEIVED DISTRIBUTIONS FROM THIS PLAN DURING CALENDAR YEAR 2014. 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) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT INTERNATIONAL B.V. (2) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS LTD (HONG KONG). (3) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT EDUCATION SOLUTIONS (AUSTRALIA) PTY LTD. (4) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT INFORMATION CONSULTING (SHANGHAI) CO LTD. (5) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE DIRECTORS OF ACT BUSINESS SOLUTIONS B.V. (6) JON S. WHITMORE AND THOMAS J. GOEDKEN ARE OFFICERS AND/OR DIRECTORS OF ACT, INC. WHICH EMPLOYS SARA NETOLICKY AND BRYAN MAACH. (7) WALTER BUMPHUS IS A DIRECTOR OF ACT, INC. WHICH EMPLOYS JON S. WHITMORE, THOMAS J. GOEDKEN, SARA NETOLICKY, AND BRYAN MAACH. FORM 990, PART VI, SECTION A, LINE 4 SIGNIFICANT CHANGES TO THE GOVERNING DOCUMENTS ARE AS FOLLOWS: (1) PREVIOUSLY, THE GOVERNING DOCUMENTS PROVIDED THAT EACH DIRECTOR SHALL HOLD OFFICE UNTIL A SUCCESSOR WAS ELECTED. THE AMENDED AND RESTATED GOVERNING DOCUMENTS NOW PROVIDE THAT EACH DIRECTOR IS TO HOLD OFFICE FOR A TERM OF TWO YEARS FOR A MAXIMUM OF THREE TERMS HELD. THE EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER ARE NOT SUBJECT TO THESE LIMITATIONS. (2) OFFICER ROLES WERE CHANGED FROM PRESIDENT, VICE PRESIDENT(S), SECRETARY, AND TREASURER TO EXECUTIVE DIRECTOR, SECRETARY, AND TREASURER. 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 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 THE EXECUTIVE COMMITTEE OF THE ACT, INC. BOARD OF DIRECTORS. 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 1,291,498. MANAGEMENT AND GENERAL EXPENSES 13,876. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,305,374. OTHER SERVICES & FEES: PROGRAM SERVICE EXPENSES 1,291,498. MANAGEMENT AND GENERAL EXPENSES 13,876. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,305,374. HONORARIA: PROGRAM SERVICE EXPENSES 182,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 182,000. OTHER DATA PROCESSING: PROGRAM SERVICE EXPENSES 96. MANAGEMENT AND GENERAL EXPENSES 1,953. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,049. ACT INC 500 ACT DRIVE IOWA CITY IA 52243 420841485 HELPING PEOPLE ACHIEVE EDUCATION AND WORKPLACE SUCCESS IA 501(C)(3) LINE 9 N/A 0 ACT ASPIRE LLC FKA NEXT GENERATION ASSESSMENT LLC 327 2ND ST STE 103 CORALVILLE IA 52241 455560033 TESTING SERVICES DE N/A ACT EDUCATION SOLUTIONS LTD (HONG KONG) ROOM 2503 BANK OF AMERICA TOWER 1 HONG KONG HK TESTING SERVICES HK N/A C 0 ACT INTERNATIONAL BV NARITAWEG 165 1043 BW AMSTERDAM NL HOLDING COMPANY NL N/A C 0 ACT BUSINESS SOLUTIONS BV NARITAWEG 165 1043 BW AMSTERDAM NL HOLDING COMPANY NL N/A C 0 ACT EDUCATION SOLUTIONS (AUSTRALIA) PTY LTD SUITE 1201 LEVEL 12 275 ALFRED ST NORTH SYDNEY, NSW 2060 AS TESTING SERVICES AS N/A C 0 ACT EDUCATION SOLUTIONS (KOREA) INC ROOM 2503 BANK OF AMERICA TOWER 1 HONG KONG HK DORMANT KS N/A C 0 ACT INFORMATION CONSULTING (SHANGHAI) CO LTD RM 1204 TIAN AN CTR 338 NANJING W SHANGHAI CH TESTING SERVICES CH N/A C 0 ACT BRIDGE INC 950 E PACES FERRY ROAD NE SUITE 155 ATLANTA GA 30326 461405341 TESTING SERVICES DE N/A C 0 PACIFIC METRICS CORPORATION 1 LWR RAGSDALE BLDG 1 STE 150 MONTEREY CA 93940 943378681 TESTING SERVICES CA N/A C 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0