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.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
2020
Open to Public
Inspection
Name of the organization
EDVENTURE INC
 
Employer identification number

57-1013857
Return Reference Explanation
FORM 990, PART III, LINE 3 IN FINANCIAL YEAR 2021 THE PANDEMIC BROUGHT THE CANCELLATION OF SUMMER CAMP EDVENTURE PROGRAM.
FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED AND APPROVED ON THREE LEVELS BEFORE IT IS FILED WITH THE IRS. EDVENTURE STAFF, INCLUDING THE ACCOUNTANT, CFO, AND CEO REVIEW THE 990 PREPARED BY THE EXTERNAL TAX ACCOUNTANT TO ENSURE THE FIGURES TIE BACK TO THE AUDITED FINANCIAL STATEMENTS. THE SECOND LEVEL OF REVIEW AND APPROVAL IS PERFORMED BY THE INTERNAL AFFAIRS COMMITTEE. THE THIRD LEVEL IS A VOTE TO SUBMIT THE RETURN BY THE BOARD OF TRUSTEES.
FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF EMPLOYMENT, EMPLOYEES ARE ASKED AND BACKGROUND CHECKS ARE COMPLETED TO DETERMINE IF THERE ARE ANY CONFLICTS OF INTEREST PRIOR TO AN OFFER OF EMPLOYMENT. DURING THEIR EMPLOYMENT, EMPLOYEES ARE REQUIRED TO REPORT ANY CIRCUMSTANCES THAT MAY BE CONSIDERED A CONFLICT OF INTEREST TO THEIR SUPERVISOR SO A DETERMINATION CAN BE MADE AND APPROPRIATE ACTION TAKEN. ON AN ANNUAL BASIS, EACH BOARD MEMBER IS REQUIRED TO READ, SIGN, AND FOLLOW EDVENTURE'S CONFLICT OF INTEREST POLICY. IN THE EVENT OF A CONFLICT, THE PERSON WITH THE CONFLICT WILL RECUSE THEMSELVES FROM ALL DISCUSSION AND/OR VOTE INVOLVING THE CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL: YEARLY GOALS ARE SET BY THE BOARD OF TRUSTEES AND ACCOMPLISHMENT OF THESE GOALS DETERMINE COMPENSATION FOR THE CEO. COMPENSATION CHANGES ARE DETERMINED BY THE EXECUTIVE COMMITTEE USING NONPROFIT CEO COMPENSATION STUDIES AND ARE VOTED/APPROVED BY THE BOARD. COMPENSATION PROCESS FOR OFFICERS: A COMPENSATION STUDY OF SENIOR STAFF SALARIES WAS CONDUCTED USING SURVEY DATA COMPILED BY THE ASSOCIATION OF SCIENCE-TECHNOLOGY (ASTC) AND THE ASSOCIATION OF CHILDREM'S MUSEUMS (ACM), ALONG WITH A REVIEW OF OTHER COLUMBIA NON-PROFIT DATA. THE DATA REFLECTED A WIDE RANGE OF MUSEUM AND NON-PROFIT SIZES, TYPES AND LOCATIONS. ALL DATA WERE LINKED TO EDVENTURE'S SPECIFIC POSITIONS BASED ON THE FOLLOWING CRITERIA: TYPE OF INSTITUTION, LOCATION, OPERATING EXPENSE, NUMBER OF EMPLOYEES AND INSTITION AGE. BASED ON THE EVALUATION OF THESE CRITERIA, A SALARY STRUCTURE WAS COMPILED FOR EDVENTURE'S STAFF. IT IS REVIEWED ANNUALLY AND UPDATED AS NECESSARY. COMPENSATION DISCUSSIONS ARE DOCUMENTED.
FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND THE CONFLICTS OF INTEREST POLICY ARE AVAILABLE UPON REQUEST AND OUR AUDITED FINANCIAL STATEMENTS ARE POSTED ON OUR WEBSITE AND DISTRIBUTED ANNUALLY TO MEMBERS, DONORS, AND OTHER INTERESTED PARTIES.
FORM 990, PART XI, LINE 9: TO CORRECT FIXED ASSETS -192,793.
FORM 990, PAGE 12, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES THE AUDIT PROCESS.
FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE OVERSEES THE AUDIT PROCESS
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2020


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