Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part VI, Line 1b | THE THREE DIRECTORS ARE LISTED AS "INDEPENDENT" ON PART VI, LINE 1B BECAUSE NONE OF THE INDIVIDUALS RECEIVED COMPENSATION IN ANY FORM FROM THE ORGANIZATION OR A RELATED ORGANIZATION, AND THE TRANSACTION REPORTED ON SCHEDULE L DID NOT INVOLVE A TRANSACTION RESULTING IN ANY COMPENSATION, INCOME OR OTHER FINANCIAL BENEFIT PROVIDED TO OR ON BEHALF OF ANY SUCH DIRECTOR OR FAMILY MEMBER. |
| Form 990, Part VI, Line 2 Family/business relationships amongst interested persons | ALICE L WALTON, BOARD CHAIR & DIRECTOR; ALICE PROIETTI, DIRECTOR; JIM C. WALTON, DIRECTOR - Family relationship |
| Form 990, Part VI, Line 6 Classes of members or stockholders | THE MEMBERS OF WALTON EDUCATION COALITION, INC. ("WEC") ARE THE SAME PERSONS WHO ARE SERVING ON THE WEC BOARD OF DIRECTORS. THE INDIVIDUALS SERVING AS MEMBERS EXERCISE ALL THEIR VOTING POWERS WITH RESPECT TO WEC AS DIRECTORS OF WEC AND HAVE NO ADDITIONAL MEMBERS' POWERS. |
| Form 990, Part VI, Line 11b Review of form 990 by governing body | THE FORM 990 IS MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AND IS REVIEWED AND SIGNED BY AN APPROPRIATE OFFICER. |
| Form 990, Part VI, Line 12c Conflict of interest policy | INDIVIDUALS WHO ARE DIRECTLY OR INDIRECTLY PARTY TO A POSSIBLE TRANSACTION WITH THE ORGANIZATION ARE REQUIRED TO DISCLOSE THE MATERIAL FACTS OF THE TRANSACTION AND INTEREST IN THE TRANSACTION PRIOR TO ACTION |
| Form 990, Part VI, Line 15a Process to establish compensation of top management official | COMPENSATION IS BASED ON COMPARISON OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Line 15b Process to establish compensation of other employees | COMPENSATION IS BASED ON COMPARISON OF SIMILAR POSITIONS AT SIMILAR ORGANIZATIONS. COMPENSATION IS APPROVED ANNUALLY BY THE BOARD OF DIRECTORS. |
| Form 990, Part VI, Line 19 Required documents available to the public | THE ORGANIZATION'S CERTIFICATE OF INCORPORATION IS AVAILABLE FROM THE DELAWARE SECRETARY OF STATE. FINANCIAL INFORMATION IS AVAILABLE ON THE ORGANIZATION'S FORM 990. |
| Software ID: | 20011424 |
| Software Version: | 2020v4.0 |