2012-05-03T11:02:52-05:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 541848713 AMERICA'S PROMISE - THE ALLIANCE FOR YOUTH AMER 2026570616 1110 VERMONT AVENUE NW NO 900 WASHINGTON DC 20005 DONNA M ANDERSON 2026570616 2012-05-02 1 FRANK H SMITH P00639053 2028225000 2012-05-03 2011 2016-02-24 21:20:13Z MARGUERITE KONDRACKE 1110 VERMONT AVENUE NW NO 900 WASHINGTON DC 20005 9098953 0 X WWW.AMERICASPROMISE.ORG X 1997 MD AMERICA'S PROMISE GRAD NATION CAMPAIGN MOBILIZES AMERICANS TO END THE DROPOUT CRISIS. 40 39 74 0 0 0 25378476 7538319 0 34000 252373 236651 2351 -66427 25633200 7742543 2924094 2009259 0 0 5357718 5952197 600000 537588 687769 7204783 7026357 16086595 15525401 9546605 -7782858 39258159 31309655 2568246 2622307 36689913 28687348 X AMERICA'S PROMISE ALLIANCE (AMERICA'S PROMISE) IS THE NATION'S LARGEST PARTNERSHIP ORGANIZATION DEDICATED TO IMPROVING THE LIVES OF CHILDREN AND YOUTH BY RAISING AWARENESS, SUPPORTING COMMUNITIES, AND ENGAGING IN NON-PARTISAN ADVOCACY. 0 0 3596007 126650 0 AWARENESS - AS PART OF WHAT MUST BE AN ONGOING EFFORT, WE CONTINUE TO RAISE AWARENESS NATIONALLY AND LOCALLY. WE ARE WORKING TO HELP THE NATION BETTER RECOGNIZE THE RESOURCES ALL CHILDREN NEED, WHERE NEEDS ARE GOING UNMET, HOW ALL AMERICANS ARE AFFECTED, WHERE CHANGE NEEDS TO OCCUR, AND HOW ALL AMERICANS CAN TAKE ACTION AND BE PART OF THE SOLUTION. OURS IS AN AWARENESS EFFORT THAT NOT ONLY INFORMS BUT MOTIVATES OUR AUDIENCES TO ACT. IN THIS WAY WE ARE BUILDING SUPPORT FOR POSITIVE CHANGE. 3190055 1222603 0 COMMUNITY ACTION - STRENGTHENING COMMUNITIES LIES AT THE HEART OF OUR GRAD NATION WORK. COMMUNITIES ARE THE FRONT LINE FOR STOPPING THE DROPOUT CRISIS AND ENSURING THAT YOUNG PEOPLE EXPERIENCE THE FIVE PROMISES. OUR ROLE, AS PART OF BUILDING A MOVEMENT, IS TO ENGAGE COMMUNITIES, SUPPORT THEIR EFFORTS TO INCREASE THE PRESENCE OF THE FIVE PROMISES, AS THEY SEEK TO END THEIR LOCAL DROPOUT CRISES, AND TO HELP THEM ORGANIZE THEIR WORK. 2513300 432056 34000 FIRST FOCUS - BIPARTISAN ADVOCACY PROGRAM THAT IS COMMITTED TO MAKING CHILDREN AND FAMILIES A PRIORITY IN FEDERAL POLICY AND BUDGET DECISIONS. FIRST FOCUS BRINGS BOTH TRADITIONAL AND NON-TRADITIONAL LEADERS TOGETHER TO ADVOCATE FOR FEDERAL POLICIES THAT WILL IMPROVE THE LIVES OF AMERICA'S CHILDREN. CHILD HEALTH, EDUCATION, FAMILY ECONOMICS, CHILD WELFARE, AND CHILD SAFETY ARE THE CORE ISSUE AREAS IN WHICH FIRST FOCUS PROMOTES BIPARTISAN POLICY SOLUTIONS. 1937031 227950 KNOWLEDGE MANAGEMENT 949460 RELATIONSHIP DEVELOPMENT 353283 ALLIANCE BUILDING 3239774 227950 12539136 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 52 0 1 74 1 0 0 0 0 0 1 1 0 0 0 0 X 40 39 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MO MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X DONNA M ANDERSON 2026570616 1110 VERMONT AVENUE NW SUITE 900 WASHINGTON DC 20005 ALMA J POWELL 10.00 X X 0 0 0 C GREGG PETERSMEYER 1.00 X X 0 0 0 KATHLEEN A MURPHY 1.00 X X 0 0 0 JAMES L BARKSDALE 1.00 X 0 0 0 DONNA BARKSDALE 1.00 X 0 0 0 IKO'TSIMISKIMAKI BECK 1.00 X 0 0 0 STEPHANIE BELL-ROSE 1.00 X 0 0 0 PETER L BENSON PHD 1.00 X 0 0 0 ALYSSA BISANZ 1.00 X 0 0 0 KATHERINE BRADLEY 1.00 X 0 0 0 NEIL BUSH 1.00 X 0 0 0 DANIEL CASEY 1.00 X 0 0 0 RAYMOND G CHAMBERS 1.00 X 0 0 0 BRIAN COMER 1.00 X 0 0 0 ANGELA DIAZ 1.00 X 0 0 0 DAVID DUKES 1.00 X 0 0 0 RAUL FERNANDEZ 1.00 X 0 0 0 HAROLD FORD 1.00 X 0 0 0 BRIAN GALLAGHER 1.00 X 0 0 0 REV DR W WILSON GOODE SR 1.00 X 0 0 0 DANIEL HAMBURGER 1.00 X 0 0 0 LAWRENCE HARRIS 1.00 X 0 0 0 LARRY A KLANE 2.00 X 0 0 0 JOEL KLEIN 1.00 X 0 0 0 CHARLENE LAKE 1.00 X 0 0 0 JOHN E MAUPIN JR 1.00 X 0 0 0 MARGARET MCKENNA 1.00 X 0 0 0 GLENN MEANS 1.00 X 0 0 0 ANDREA MITCHELL 1.00 X 0 0 0 MICHAEL K POWELL 1.00 X 0 0 0 DEBORAH QUAZZO 1.00 X 0 0 0 EDWARD B RUST 1.00 X 0 0 0 JIN ROY RYU 1.00 X 0 0 0 RON SIMON 1.00 X 0 0 0 MARGARET SPELLINGS 1.00 X 0 0 0 RICK STEPHENS 1.00 X 0 0 0 CARMITA VAUGHAN 1.00 X 0 0 0 HARRIS WOFFORD 1.00 X 0 0 0 ELAINE WYNN 1.00 X 0 0 0 MARGUERITE KONDRACKE 40.00 X X 355044 0 17210 RET GEN COLIN L POWELL 1.00 X 0 0 0 DONNA M ANDERSON 40.00 X 221868 0 16141 BRUCE LESLEY 40.00 X 220572 0 22608 DAVID PARK 40.00 X 173596 0 12604 ELIZABETH MORGAN 40.00 X 224963 0 15825 FORREST MOORE 40.00 X 192660 0 21657 MELINDA HUDSON 40.00 X 187423 0 20511 PAMELA BENDER 40.00 X 164286 0 13627 RALPH FORSHT 40.00 X 146768 0 21864 1887180 0 162047 16 0 1 0 THE WARFIELD GROUP 9115 FOX MEADOW LANE POTOMAC MD 20854 PROFESSIONAL FUNDRAISING 687620 DUKE UNIVERSITY 2024 W MAIN STREET ERWIN MILL BUI DURHAM NC 27708 EVALUATION 484574 COLE DESIGN INC 1408 SEVENTEENTH AVENUE SOUTH NASHVILLE TN 37212 GRAPHIC DESIGN 249996 ENVIRONICS COMMUNICATIONS 2000 L STREET NW SUITE 520 WASHINGTON DC 20036 PUBLIC RELATIONS 247520 TATE & TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 OUTSOURCED ACCOUNTING SERVICES 214213 10 2137 137400 231007 7167775 7538319 CONTRACT REVENUE 900099 34000 34000 34000 185772 185772 323 323 1310939 1260060 50879 50879 50879 29600 137400 96350 -66750 -66750 7742543 34000 0 170224 1998009 1998009 11250 11250 1039645 382833 610262 46550 4090718 2871420 1160880 58418 107283 79150 27522 611 404755 251256 140234 13265 309796 199649 109060 1087 37715 37715 340615 340615 537588 537588 2633201 2301847 330937 417 105861 105861 573075 312961 260114 226032 105926 120106 697809 697809 357687 233171 124516 1297923 1204084 64006 29833 27143 27143 274257 274257 49538 49538 TV & VIDEO PRODUCTION 193021 193021 BAD DEBT EXPENSE 120833 120833 DUES & MEMBERSHIPS 76088 76088 MISCELLANEOUS 15559 7801 7758 2204809 -2204809 15525401 12539136 2298496 687769 3469221 4611515 4345662 943650 25964925 19621215 2130 14251 93898 179545 2670918 1024016 1331348 1646902 4017496 4147179 33479 145398 39258159 31309655 1083849 870126 87000 102556 1397397 1649625 2568246 2622307 X 8215036 6672931 28474877 22014417 36689913 28687348 39258159 31309655 X -7782858 -219707 X 0 1 1 X 0 X 24465355 23296734 11660803 25378476 7538319 92339687 24465355 23296734 11660803 25378476 7538319 92339687 28365548 63974139 245503 174828 177370 199436 186095 983232 1883 1883 93324802 152648 0.68550 0.65420 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1751 1751 14986062 14987813 899391 224848 0 0 959037 1000000 919472 899391 3777900 5666850 275959 135986 60000 1751 473696 239759 250000 229868 224848 944475 1416713 1419689 447296 972393 1234197 566617 667580 17032 10103 6929 1646902 DEFERRED RENT 1227518 CAPITAL LEASE OBLIGATION 422107 1649625 7742543 15525401 -7782858 -219707 -219707 -8002565 7729878 -219707 110692 96350 -12665 7742543 0 7742543 15732443 110692 96350 207042 15525401 0 15525401 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: AMERICA'S PROMISE ALLIANCE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 96,350. PART XIII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 96,350. X X X X X 1 THE WARFIELD GROUP 9115 FOX MEADOW LANE POTOMAC MD 20854 PROFESSIONAL FUNDRAISING SERVICE 0 2020000 537588 1332380 2020000 537588 1332380 AL AK AZ AR CA CO CT DC FL GA IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI GOLF TOURNAMENT 167000 137400 29600 1740 24097 10100 60413 167000 137400 29600 1740 24097 10100 60413 96350 -66750 1 TUFTS UNIVERSITY 20 PROFESSORS ROW MEDFORD MA 021555807 042103634 501(C)(3) 227950 APPLIED RESEARCH ON YOUTH DEVELOPMENT JACKSON COUNTY CIVIC ACTION COMMITTEE PO BOX 8723 MOSS POINT MS 395628723 640434184 501(C)(3) 185000 PROMISE ZONE HARRIS COUNTY COMMISSIONER PRECINCT ONE 1001 PRESTON SUITE 950 HOUSTON TX 77002 760454514 N/A 147500 PROMISE ZONE INTERFAITH WORKS 839 ST CHARLES AVENUE SUITE 100 NEW ORLEANS LA 70130 208816026 501(C)(3) 145000 PROMISE ZONE OPERATION SHOESTRING 1711 BAILEY AVENUE JACKSON MS 392831223 640471554 501(C)(3) 100000 PROMISE ZONE ALIGNMENT NASHVILLE 421 GREAT CIRCLE ROAD NASHVILLE TN 37228 450549393 501(C)(3) 82000 GRAD NATION COMMUNITY & 100 BEST DC PROMISE NEIGHBORHOOD INC 709 12TH STREET SE WASHINGTON DC 20003 270675043 501(C)(3) 81500 GRAD NATION COMMUNITY & PROMISE NEIGHBORHOOD OAKLAND ALLIANCE OF COMMUNITY PARTNERSHIPS PO BOX 29804 ENCINA WAY OAKLAND CA 94604 205673793 501(C)(3) 79500 GRAD NATION COMMUNITY UNITED WAY FOR SOUTHEASTERN MICHIGAN 1212 GRISWOLD STREET DETROIT MI 48226 203099071 501(C)(3) 79500 GRAD NATION COMMUNITY JEFFERSON COUNTY PUBLIC EDUCATION FOUNDATION INC PO BOX 34020 LOUISVILLE KY 40232 611021128 501(C)(3) 67912 GRAD NATION COMMUNITY PENNSYLVANIA PARTNERSHIP FOR CHILDREN 116 PINE STREET SUITE 430 HARRISBURG PA 17101 232613869 501(C)(3) 42556 GRAD NATION COMMUNITY VOICE FOR OHIO'S CHILD CIF 3634 EUCLID AVENUE CLEVELAND OH 44115 341941907 501(C)(3) 40000 FIRST FOCUS - CHILD IN FOCUS UNITED WAY OF THE CAPITAL AREA INC 843 NORTH PRESIDENT STREET JACKSON MS 39202 640303075 501(C)(3) 30000 PROMISE ZONE ADVOCATES FOR CHILDREN OF NEW JERSEY 35 HALSEY STREET NEWARK NJ 07102 221695034 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS ARKANSAS ADVOCATES FOR CHILDREN & FAMILIES UNION STATION SUITE 306 LITTLE ROCK AR 72201 710492205 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS BOARD OF EDUCATION OF THE CITY OF DECATUR 758 SCOTT BLVD DECATUR GA 30030 586001470 N/A 20000 ADVANTAGE ACADEMY CENTER FOR PUBLIC POLICY PRIORITIES 900 LYDIA STREET AUSTIN TX 78702 742898197 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS CHILDRENS ALLIANCE 718 6TH AVENUE SOUTH SEATTLE WA 98104 910982879 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS HOUSTON ADVANTAGE ACADEMY 1700 GREGG STREET HOUSTON TX 77020 746001255 501(C)(3) 20000 ADVANTAGE ACADEMY MARYLAND ADVOCATES FOR CHILDREN 8 MARKET PLACE 5TH FLOOR BALTIMORE MD 21202 521555895 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS RHODE ISLAND KIDS COUNT ONE UNION STATION PROVIDENCE RI 02903 061485449 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS THE CHILDREN'S PARTNERSHIP 1351 3RD STREET PROMENADE SUITE 206 206 SANTA MONICA CA 90410 943213100 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS VOICES FOR MICHIGAN'S CHILDREN 428 WENAWEE STREET LANSING MI 489332240 383078577 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS VOICES FOR VIRGINIA'S CHILDREN 701 EAST FRANKLIN STREET SUITE 807 RICHMOND VA 23210 541726265 501(C)(3) 20000 FIRST FOCUS - CHILD IN FOCUS CHILD AND FAMILY POLICY CENTER 505 5TH AVENUE SUITE 404 DES MOINES IA 50309 421378567 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS CHILDREN FIRST FOR OREGON PO BOX 14914 PORTLAND OR 97293 943168157 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS CHILDREN'S ALLIANCE OF NEW HAMPSHIRE TWO DELTA DRIVE CONCORD NH 03301 222936618 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS COLORADO CHILDREN'S CAMPAIGN 1580 LINCOLN STREET DENVER CO 80203 742374672 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS DENALI FAMILY SERVICES 6411 A STREET ANCHORAGE AK 99518 920155751 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS KENTUCKY YOUTH ADVOCATES 11001 BLUEGRASS PARKWAY JEFFERSONTOWN KY 40299 610929390 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS MAINE CHILDREN'S ALLIANCE 303 STATE STREET AUGUSTA MA 04330 222546643 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS NEW MEXICO VOICES FOR CHILDREN 2340 ALAMO AVENUE SE SUITE 120 ALBUQUERQUE NM 87106 850348301 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS VOICES FOR CHILDREN IN NEBRASKA 7521 MAIN STREET SUITE 103 OMAHA NE 68127 363528940 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS VOICES FOR UTAH'S CHILDREN 747 EAST SOUTH TEMPLE SUITE 100 SALT LAKE CITY UT 84102 870428873 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS WISCONSIN COUNCIL ON CHILDREN AND FAMILIES 555 WEST WASHINGTON AVENUE SUITE 200 MADISON WI 53703 390806301 501(C)(3) 15000 FIRST FOCUS - CHILD IN FOCUS BOYS & GIRLS CLUB OF AMERICA 1275 PEACHTREE ST NE ATLANTA GA 30309 135562976 501(C)(3) 10200 26 SECONDS CAMPAIGN SKILLSUSA 14001 SKILLSUSA WAY LEESBURG VA 201765494 237122568 501(C)(3) 7600 26 SECONDS CAMPAIGN 37 0 JOURNALISM AWARD 5 11250 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: AMERICA'S PROMISE REQUIRES THAT ALL ORGANIZATIONS RECEIVING GRANTS SUBMIT PLANS AND REPORT PROGRESS ON AN INTERIM AND FINAL BASIS. IN ADDITION, AMERICA'S PROMISE PROGRAM STAFF WORK CLOSELY WITH GRANT RECIPIENTS TO MONITOR PROGRESS. X X X X X 0 0 0 0 0 0 0 1 0 MARGUERITE KONDRACKE 331542 0 23502 0 0 0 8250 0 8960 0 372254 0 0 0 DONNA M ANDERSON 221868 0 0 0 0 0 6750 0 9391 0 238009 0 0 0 BRUCE LESLEY 220572 0 0 0 0 0 6188 0 16420 0 243180 0 0 0 DAVID PARK 173596 0 0 0 0 0 5250 0 7354 0 186200 0 0 0 ELIZABETH MORGAN 224963 0 0 0 0 0 3094 0 12731 0 240788 0 0 0 FORREST MOORE 192660 0 0 0 0 0 5944 0 15713 0 214317 0 0 0 MELINDA HUDSON 187423 0 0 0 0 0 5634 0 14877 0 207934 0 0 0 PAMELA BENDER 164286 0 0 0 0 0 4950 0 8677 0 177913 0 0 0 RALPH FORSHT 146768 0 0 0 0 0 4611 0 17253 0 168632 0 0 0 PART I, LINE 7 DURING 2011, IN LIEU OF AN ANNUAL SALARY INCREASE, THE BOARD OF DIRECTORS OF AMERICA'S PROMISE ISSUED A 7% BONUS TO THE CEO IN ACCORDANCE WITH THE CEO COMPENSATION PHILOSOPHY. THIS BONUS IS BASED ON A PERFORMANCE APPRAISAL. FORM 990, PART VI, SECTION A, LINE 2 MICHAEL POWELL, BOARD MEMBER, IS THE SON OF THE FOUNDING CHAIRMAN, RETIRED GENERAL COLIN L. POWELL, AND ALMA J. POWELL, CHAIR PERSON, WHO BOTH SERVE ON THE BOARD OF DIRECTORS. IN ADDITION, BOARD MEMBER, JAMES BARKSDALE IS THE SPOUSE OF BOARD MEMBER, DONNA BARKSDALE. FORM 990, PART VI, SECTION B, LINE 11 THE AMERICA'S PROMISE ALLIANCE BOARD OF DIRECTORS CHARGES THE AUDIT & FINANCE COMMITTEE WITH REVIEWING THE FORM 990 PRIOR TO FILING. A COPY OF THE FORM 990 IS PROVIDED TO THE COMMITTEE AND A CONFERENCE CALL IS HELD TO DISCUSS THE FORM PRIOR TO FILING THE RETURN. AFTER REVIEW AND APPROVAL OF THE FORM 990 BY THE AUDIT & FINANCE COMMITTEE, THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS VIA THE AMERICA'S PROMISE ALLIANCE BOARD OF DIRECTORS WEBSITE PRIOR TO FILING. ALL BOARD MEMBERS RECEIVE A PRINTED COPY OF THE FORM 990 WITH THEIR BOARD MEETING MATERIALS. FORM 990, PART VI, SECTION B, LINE 12C AMERICA'S PROMISE ALLIANCE REVIEWS ALL CONTRACTS, AGREEMENTS AND EMPLOYEES FOR CONNECTIONS TO THE BOARD MEMBER. IF A CONFLICT WERE IDENTIFIED, IT WOULD BE REPORTED TO THE PRESIDENT, WHO WOULD IN TURN BRING THE CONFLICT TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE FULL BOARD OF DIRECTORS OF AMERICA'S PROMISE ENDORSES A COMPENSATION PHILOSOPHY FOR THE CEO. THE COMPENSATION PHILOSOPHY IS THE GUIDING FRAMEWORK FOR CEO COMPENSATION. THE BOARD LOOKS TO THE EXECUTIVE COMMITTEE OF THE BOARD TO MAKE A SPECIFIC DETERMINATION OF THE CEO'S COMPENSATION, INCLUDING BASE SALARY, BONUSES (IF ANY), AND OTHER BENEFITS. THIS DETERMINATION IS DONE IN THE CONTEXT OF THE BOARD'S CEO COMPENSATION PHILOSOPHY. THE EXECUTIVE COMMITTEE'S CONSIDERATION INCLUDES AN ASSESSMENT OF THE CEO'S COMPENSATION IN COMPARISON TO RELEVANT UNIVERSES OF PEER ORGANIZATIONS, THE PERFORMANCE OF THE CEO AGAINST OBJECTIVES AND OTHER RELEVANT FACTORS. THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REPORTS TO THE FULL BOARD OF DIRECTORS BOTH ITS COMPENSATION DECISIONS AS WELL AS A CONFIRMATION THAT THIS PROCESS WAS APPROPRIATELY UNDERTAKEN TO MAKE ITS DETERMINATION. THE AUDIT AND FINANCE COMMITTEE PROVIDES SUPPORT TO THE EXECUTIVE COMMITTEE BY ENGAGING AN INDEPENDENT COMPENSATION CONSULTANT TO CONDUCT A PEER REVIEW ANALYSIS FROM WHICH RECOMMENDATIONS ARE MADE. THE AUDIT & FINANCE COMMITTEE APPROVES THE USE OF AN ANNUAL SALARY COMPENSATION SURVEY BASED ON AT LEAST THREE INDEPENDENT SURVEYS. THE ANNUAL SURVEY, PREPARED BY AN INDEPENDENT COMPENSATION CONSULTANT, INCLUDES THE POSITION OF PRESIDENT AND CEO AND IS AVAILABLE TO MEMBERS OF THE EXECUTIVE COMMITTEE. THE AUDIT COMMITTEE, SERVING AS THE COMPENSATION COMMITTEE, REVIEWS AND APPROVES THE COMPENSATION OF THE OFFICERS AND KEY EMPLOYEES BASED ON AN ANNUAL REPORT DERIVED FROM AT LEAST THREE INDEPENDENT SURVEYS PREPARED AND PRESENTED TO THE AUDIT AND FINANCE COMMITTEE. THE COMPENSATION COMMITTEE APPROVES THE USE OF THE SURVEY DATA. THE DECISION IS DOCUMENTED IN THE MINUTES OF THE AUDIT AND FINANCE/COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST TO THE CFO. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -219,707. FORM 990, PART IV, LINE 34: AMERICA'S PROMISE HAS ENTERED INTO A COST-SHARING AGREEMENT WITH FIRST FOCUS CAMPAIGN FOR CHILDREN (FFCC) THAT PROVIDES FOR SHARING OF PERSONNEL, ADMINISTRATION AND EQUIPMENT COSTS. THE TWO ORGANIZATIONS FUNCTION WITH A COMMON MISSION AND SHARE COMMON MANAGEMENT, BUT OPERATE AS SEPARATE ENTITIES WITH SEPARATE BOARDS OF DIRECTORS. THEREFORE, IN ACCORDANCE WITH THE IRS INSTRUCTIONS FFCC WILL NOT BE DISCLOSED ON SCHEDULE R AS A RELATED TAX-EXEMPT ENTITY.