TY 2014 Form 990 Schedule O

efile Public Visual Render ObjectId: 201641349349304499 - Submission: 2016-05-13 TIN: 20-8613765

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
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Attach to Form 990 or 990-EZ.
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Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2014

Open to Public
Inspection

Name of the organization

ADVANCE EDUCATION INC

Employer identification number

20-8613765

Return Reference	Explanation
FORM 990, PART V, LINE 7B:	ADVANCED ACCEPTS DONATIONS WHICH ARE USED TO SUPPORT COLLEGE SCHOLARSHIPS THAT ARE AWARDED TO SELECTED STUDENTS FROM SOME OF OUR ACCREDITED SCHOOLS IN LATIN AMERICA. DR. MARK A. ELGART ACKNOWLEDGES EACH GIFT WITH A LETTER TO THE DONOR. THE TOTAL AGGREGATE AMOUNT OF DONATIONS RECEIVED EACH YEAR IS NORMALLY LESS THAN $5,000.
FORM 990, PART VI, SECTION B, LINE 11	THE PRESIDENT/CEO, CHIEF LEGAL OFFICER, AND CHIEF FINANCIAL OFFICER REVIEW DRAFTS OF THE FORM 990 AND DISCUSS ANY ISSUES WITH ITS CPA FIRM. THE ABOVE-LISTED OFFICERS THEN SHARE AND DISCUSS THE DRAFT OF THE 990 (WITH REVISIONS, IF ANY) WITH MEMBERS OF THE FINANCE COMMITTEE BEFORE SIGNING AND FILING THE RETURN.
FORM 990, PART VI, SECTION B, LINE 12C	THE BOARD OF TRUSTEES ANNUALLY DISCUSSES THE CONFLICT OF INTEREST POLICY AND CODE OF ETHICS, GOING OVER THE KEY PARTS OF THE POLICIES AND STRESSING THE IMPORTANCE OF COMPLIANCE WITH THE POLICIES. EACH BOARD MEMBER IS INSTRUCTED TO REVEAL ANY POTENTIAL CONFLICTS AND IS ASKED TO SIGN AN ACKNOWLEDGEMENT FORM.
FORM 990, PART VI, SECTION B, LINE 15	THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES SETS THE PRESIDENT/CEO'S COMPENSATION. THEIR DECISION IS BASED ON COMPARABLES AMONG OTHER NON-PROFIT ENTITIES WITH SIMILAR REVENUES AND SIMILAR NUMBER OF EMPLOYEES. FOR OTHER OFFICERS AND KEY EMPLOYEES, ADVANCE EDUCATION, INC. HAS A SALARY SCHEDULE BASED ON EMPLOYEE PAY GRADE; OTHER OFFICERS AND KEY EMPLOYEES ARE COMPENSATED BASED ON GUIDELINES WITHIN THE SALARY SCHEDULE. THE PRESIDENT/CEO SETS OR APPROVES ALL COMPENSATION ARRANGEMENTS BASED ON CURRENT MARKET INFORMATION AND EMPLOYEE PERFORMANCE. INDEPENDENT INFORMATION WAS OBTAINED THROUGH GUIDESTAR NON-PROFIT COMPENSATION REPORT WITH ALL COMPENSATION ARRANGEMENTS APPROVED BY THE PRESIDENT/CEO.
FORM 990, PART VI, SECTION C, LINE 18	A PRINTED FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION.
FORM 990, PART VI, SECTION C, LINE 19	ADVANCE EDUCATION, INC. POSTS ITS MISSION, VISION, AND CORE VALUES STATEMENTS, ALONG WITH BYLAWS AND GOVERNANCE POLICIES ON ITS WEBSITE. INFORMATION REGARDING THE STATEMENT OF ACTIVITIES IS ALSO AVAILABLE ON THE WEBSITE VIA THE ANNUAL REPORT. THE CODE OF ETHICS, CONFLICT OF INTEREST POLICY, AND WHISTLEBLOWER POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XII, LINE 2C:	NO CHANGE FROM PRIOR YEAR.

Return Reference

Explanation

FORM 990, PART V, LINE 7B:

ADVANCED ACCEPTS DONATIONS WHICH ARE USED TO SUPPORT COLLEGE SCHOLARSHIPS THAT ARE AWARDED TO SELECTED STUDENTS FROM SOME OF OUR ACCREDITED SCHOOLS IN LATIN AMERICA. DR. MARK A. ELGART ACKNOWLEDGES EACH GIFT WITH A LETTER TO THE DONOR. THE TOTAL AGGREGATE AMOUNT OF DONATIONS RECEIVED EACH YEAR IS NORMALLY LESS THAN $5,000.

FORM 990, PART VI, SECTION B, LINE 11

THE PRESIDENT/CEO, CHIEF LEGAL OFFICER, AND CHIEF FINANCIAL OFFICER REVIEW DRAFTS OF THE FORM 990 AND DISCUSS ANY ISSUES WITH ITS CPA FIRM. THE ABOVE-LISTED OFFICERS THEN SHARE AND DISCUSS THE DRAFT OF THE 990 (WITH REVISIONS, IF ANY) WITH MEMBERS OF THE FINANCE COMMITTEE BEFORE SIGNING AND FILING THE RETURN.

FORM 990, PART VI, SECTION B, LINE 12C

THE BOARD OF TRUSTEES ANNUALLY DISCUSSES THE CONFLICT OF INTEREST POLICY AND CODE OF ETHICS, GOING OVER THE KEY PARTS OF THE POLICIES AND STRESSING THE IMPORTANCE OF COMPLIANCE WITH THE POLICIES. EACH BOARD MEMBER IS INSTRUCTED TO REVEAL ANY POTENTIAL CONFLICTS AND IS ASKED TO SIGN AN ACKNOWLEDGEMENT FORM.

FORM 990, PART VI, SECTION B, LINE 15

THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES SETS THE PRESIDENT/CEO'S COMPENSATION. THEIR DECISION IS BASED ON COMPARABLES AMONG OTHER NON-PROFIT ENTITIES WITH SIMILAR REVENUES AND SIMILAR NUMBER OF EMPLOYEES. FOR OTHER OFFICERS AND KEY EMPLOYEES, ADVANCE EDUCATION, INC. HAS A SALARY SCHEDULE BASED ON EMPLOYEE PAY GRADE; OTHER OFFICERS AND KEY EMPLOYEES ARE COMPENSATED BASED ON GUIDELINES WITHIN THE SALARY SCHEDULE. THE PRESIDENT/CEO SETS OR APPROVES ALL COMPENSATION ARRANGEMENTS BASED ON CURRENT MARKET INFORMATION AND EMPLOYEE PERFORMANCE. INDEPENDENT INFORMATION WAS OBTAINED THROUGH GUIDESTAR NON-PROFIT COMPENSATION REPORT WITH ALL COMPENSATION ARRANGEMENTS APPROVED BY THE PRESIDENT/CEO.

FORM 990, PART VI, SECTION C, LINE 18

A PRINTED FORM 990 IS AVAILABLE FOR PUBLIC INSPECTION.

FORM 990, PART VI, SECTION C, LINE 19

ADVANCE EDUCATION, INC. POSTS ITS MISSION, VISION, AND CORE VALUES STATEMENTS, ALONG WITH BYLAWS AND GOVERNANCE POLICIES ON ITS WEBSITE. INFORMATION REGARDING THE STATEMENT OF ACTIVITIES IS ALSO AVAILABLE ON THE WEBSITE VIA THE ANNUAL REPORT. THE CODE OF ETHICS, CONFLICT OF INTEREST POLICY, AND WHISTLEBLOWER POLICY ARE AVAILABLE TO THE PUBLIC UPON REQUEST.

FORM 990, PART XII, LINE 2C:

NO CHANGE FROM PRIOR YEAR.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2014

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