2025-04-01T18:41:38-05:00 2024-06-30 946214841 ARMANINO ADVISORY LLC 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2023-07-01 262427526 NEW TEACHER CENTER NEWT 8316002200 2108 N STREET 7103 SACRAMENTO CA 95816 CHERYL LEONG VP, FINANCE AND BUSINESS OP. 8316002200 2025-04-01 1 1 JENNIFER M VACHA P01251998 9257902600 2025-03-25 2023 2025-03-06 01:10:19Z TOMMY CHANG 2108 N STREET 7103 SACRAMENTO CA 95816 23650350 0 X WWW.NEWTEACHERCENTER.ORG X 2008 CA NEW TEACHER CENTER'S MISSION IS TO IMPROVE STUDENT OUTCOMES BY ACCELERATING EDUCATOR EFFECTIVENESS. 9 8 163 8 0 0 35187736 12315263 11339599 9968551 510703 1364801 15007 1735 47053045 23650350 2838078 970279 0 0 18479629 20672308 0 0 1922562 10405547 7312763 31723254 28955350 15329791 -5305000 42713164 36839816 2614366 2046018 40098798 34793798 X NEW TEACHER CENTER (NTC) IS A NATIONAL NONPROFIT ORGANIZATION DEDICATED TO IMPROVING OUTCOMES FOR ALL STUDENTS BY ACCELERATING TEACHER AND SCHOOL LEADER EFFECTIVENESS. FROM PRESCHOOL THROUGH HIGH SCHOOL, (CONTINUED ON SCHEDULE O) 0 0 16939509 504505 6840727 NEW TEACHER INDUCTION: NTC'S RESEARCH-BACKED TEACHER INDUCTION MODEL PROVIDES COMPREHENSIVE SUPPORT FOR NEW TEACHERS ENTERING THE EDUCATION WORKFORCE VIA MANY PATHWAYS, INCLUDING PRE-SERVICE AND ALTERNATIVELY CERTIFIED EDUCATORS. THROUGH PROGRAM LEADER CONSULTATION, NTC COLLABORATES WITH DISTRICT LEADERS TO DESIGN INDUCTION PROGRAMS ALIGNED WITH LOCAL GOALS, FOCUSING ON CAPACITY BUILDING, PROGRESS MONITORING, AND DATA-DRIVEN PROBLEM-SOLVING. FOUNDATIONAL PROFESSIONAL LEARNING EQUIPS MENTORS WITH COACHING STRATEGIES GROUNDED IN TRUST, RELATIONSHIP-BUILDING, AND ADULT LEARNING SCIENCE TO ENHANCE NEW TEACHERS' SELF-EFFICACY. VIRTUAL AND ON-SITE IN-FIELD COACHING ENSURES PROFESSIONAL LEARNING TRANSLATES INTO INSTRUCTIONAL IMPACT WHILE MENTORING COMMUNITIES (CONTINUED ON SCHEDULE O)OF PRACTICE FOSTER COLLABORATION, CONSISTENCY, AND ONGOING IMPROVEMENT. LEADERSHIP ENGAGEMENT ALIGNS DISTRICT POLICIES WITH EFFECTIVE MENTORING PRACTICES, CREATING ENABLING CONDITIONS FOR INDUCTION SUCCESS. NTC'S IMPACT-DRIVEN APPROACH, SUPPORTED BY FEDERAL STUDIES, LEVERAGES ROBUST EVALUATION TOOLS TO MEASURE AND SUSTAIN PROGRAM OUTCOMES THAT BENEFIT EDUCATORS AND STUDENTS. 4519915 1825289 ADAPTIVE CONSULTATION: THE NEW TEACHER CENTER WORKS TO CREATE COHERENT SYSTEMS OF TEACHER DEVELOPMENT AND TEACHER LEADERSHIP WITHIN STATES, DISTRICTS, AND SCHOOLS. IN ADDITION TO OUR DEEP WORK WITH TEACHER INDUCTION AND INSTRUCTIONAL COACHING, NEW TEACHER CENTER WORKS WITH SCHOOL LEADERS, EARLY LEARNING PROGRAMS, ACADEMIC AND ASSESSMENT DEPARTMENTS, AND DISTRICT LEADERS TO PROVIDE PARTNER-SPECIFIC CONSULTATION AROUND AREAS OF NEED. OUR ADAPTIVE CONSULTATION APPROACH IS GROUNDED IN PARTNER NEEDS, AS IDENTIFIED THROUGH QUANTITATIVE AND QUALITATIVE DATA POINTS. THIS CAN INCLUDE ACTIONS SUCH AS SCHOOL AND DISTRICT-LEVEL AUDITS TO HELP UNCOVER CHALLENGES TO BE ADDRESS THROUGH DATA ASSESSMENT, CONSULTING, AND COACHING. EACH ADAPTIVE CONSULTATION PARTNERSHIP IS UNIQUE TO THE PARTNER WHILE (CONTINUED ON SCHEDULE O)GROUNDED IN THE HISTORIC STRENGTHS OF THE NEW TEACHER CENTER. 1996617 465774 806229 INSTRUCTIONAL COACHING: NTC'S EVIDENCE-BASED MODEL SUPPORTS SCHOOLS AND DISTRICTS IN BUILDING SUSTAINABLE INSTRUCTIONAL COACHING PROGRAMS THAT DRIVE HIGH-IMPACT INSTRUCTION FOR ALL STUDENTS. NTC COLLABORATES WITH STAKEHOLDERS TO ASSESS TEACHING CONDITIONS AND READINESS FOR CHANGE, ALIGNING DISTRICT GOALS TO A STRATEGIC PROFESSIONAL LEARNING PLAN. OUR CONTEXTUALIZED INSTRUCTIONAL COACHING IS TAILORED TO EACH DISTRICT'S UNIQUE CONTEXT, FOSTERING A STRENGTHS-BASED, HIGH-GROWTH ENVIRONMENT. THROUGH PRE-IMPLEMENTATION PLANNING, WE ESTABLISH SYSTEMS AND LONG-TERM PROFESSIONAL LEARNING ALIGNED WITH CLASSROOM PRACTICES. NTC ENHANCES COACHING CAPACITY THROUGH PROFESSIONAL LEARNING, COMMUNITIES OF PRACTICE, AND IN-FIELD COACHING, WHILE IMPLEMENTATION CONSULTATION AND PROGRESS MONITORING ENSURE CONTINUOUS (CONTINUED ON SCHEDULE O) IMPROVEMENT AND ALIGNMENT WITH DISTRICT GOALS USING TOOLS LIKE GUSKEY'S 5+1 FRAMEWORK. 1228815 496306 OTHER PROGRAM SERVICES: DIGITAL LICENSING, IMPACT, EARLY LEARNING, SCHOOL LEADERSHIP, DIRECT TO EDUCATOR. 1228815 496306 24684856 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 30 0 1 163 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 9 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AZ CA CO DC DE FL GA HI IA IL IN KS KY MA MD MI MN MO MT NC NJ NM NV NY OH OK OR PA RI TN TX VA WA WI X STEPHANIE VALENCIA ACCOUNTING MANAGER 8316002200 2108 N STREET 7103 SACRAMENTO CA 95816 TOMMY CHANG CHIEF EXECUTIVE OFFICER 40.00 X X 357191 0 19518 SHRUTI SEHRA BOARD CHAIR 5.00 X X 0 0 0 KELLY POPE VICE CHAIR & TREASURER (THRU 01/24) 5.00 X X 0 0 0 PAUL GOREN TREASURER (AS OF 01/24) 5.00 X X 0 0 0 DAVID SPILLER BOARD SECRETARY 5.00 X X 0 0 0 SUJATA BHATT DIRECTOR 5.00 X 0 0 0 CHONG HAO-FU DIRECTOR 5.00 X 0 0 0 NITHIN IYENGAR DIRECTOR 5.00 X 0 0 0 MAGALY LAVADENZ DIRECTOR 5.00 X 0 0 0 JIM MYLEN DIRECTOR 5.00 X 0 0 0 CHERYL LEONG VP, FIN. & BUSINESS OPS 40.00 X 79885 0 0 ATYANI HOWARD CHIEF PROGRAM OFFICER 40.00 X 320633 0 22475 SABRINA A PLASSMAN CHIEF OPERATING OFFICER 40.00 X 246561 0 5394 FELIZA LICON ORTIZ CHIEF OF STAFF 40.00 X 201579 0 5383 ALLISON C ALIAGA VP, PARTNERSHIPS & DEVELOPMENT 40.00 X 213197 0 33911 JENNIFER DOUGLASS VPP, PEOPLE & CULTURE 40.00 X 209817 0 33626 NINA M BRUDER EXECUTIVE DIRECTOR, JNTP 40.00 X 201813 0 36947 DAVID ABEL SENIOR ADVISOR 40.00 X 192746 0 35430 JEFFREY HOMAN VP, PROGRAM DESIGN & INNOVATION 40.00 X 199498 0 16392 2222920 0 209076 75 0 1 0 STUDION INC 6 LIBERTY SQ PMB 99743 BOSTON MA 021095800 ONLINE LEARNING PLATFORM 495238 BELLWETHER EDUCATION PARTNERS INC 517 BOSTON POST RD UNIT 171 SUDBURY MA 017767607 ADVISING, PLANNING, STRATEGY DEVELOPMENT 203925 CENTER FOR CREATIVE LEADERSHIP ONE LEADERSHIP PLACE GREENSBORO NC GREENSBORO NC 27410 TRAINING FOR LEADERSHIP DEVELOPMENT 153902 SMITH AND CONNORS LLC 4110 SE HAWTHORNE BLVD PMB 213 PORTLAND OR 972145246 BRAND IDENTITY, STRATEGY, & MESSAGING SO 140000 THE EQUITY LAB 4828 ILLINOIS AVE NW WASHINGTON DC 200114578 DEI CONSULTING 138450 6 3865634 8449629 12315263 PROGRAM CONTRACTS 611710 9968551 9968551 9968551 1364801 1364801 685 685 1050 0 1050 1050 1050 23650350 9968551 0 1366536 970279 970279 1347497 257445 1090052 14490982 12994103 125177 1371702 349920 316140 1017 32763 3192731 2703322 207660 281749 1291178 1083981 94861 112336 101869 101869 1969177 1889956 67591 11630 10979 9062 1772 145 325032 283398 27517 14117 1479682 1154376 282899 42407 155035 124758 27983 2294 1619704 1573954 29987 15763 619598 602364 9381 7853 315768 227717 81979 6072 70062 50525 18190 1347 STAFF DEVELOPMENT 414387 373678 23230 17479 BAD DEBT 48988 48988 182482 20810 156767 4905 28955350 24684856 2347932 1922562 5440490 1590996 28523163 27232327 1366958 1500101 4682171 4119616 865348 877510 4326199 2806933 1835034 1519266 42713164 36839816 2515361 1522722 97000 135900 2005 387396 2614366 2046018 X 37427395 31848394 2671403 2945404 40098798 34793798 42713164 36839816 -5305000 0 X 0 1 X 1 1 1 X 20709664 18157895 17965243 35187736 12315263 104335801 6932594 6200321 9084685 11339599 9968551 43525750 27642258 24358216 27049928 46527335 22283814 147861551 6734194 4369875 4900000 23350000 2750000 42104069 0 6734194 4369875 4900000 23350000 2750000 42104069 105757482 68681 14496 20728 521128 1366536 1991569 68681 14496 20728 521128 1366536 1991569 4779 8231 6657 5436 25103 27715718 24380943 27077313 47053899 23650350 149878223 0.70560 0.72010 0.01330 0.00490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28955350 28955350 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 1786 215 2001 250000 250000 250000 250000 1000000 1500000 4326199 2806933 1519266 1519266 OTHER ACCRUED LIABILITIES 387396 387396 X 23713389 63039 63039 23650350 0 23650350 29018389 63039 63039 28955350 0 28955350 PART X, LINE 2: NTC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND FROM STATE INCOME TAX UNDER SECTION 23701(D) OF THE REVENUE AND TAXATION CODE OF THE STATE OF CALIFORNIA. ACCORDINGLY, CONTRIBUTIONS TO NTC ARE QUALIFIED CHARITABLE CONTRIBUTION DEDUCTIONS. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY NTC IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION. 1 NISWONGER FOUNDATION 223 NORTH MAIN STREET GREENEVILLE TN 37745 621871605 501(C)(3) 142846 0 NON-PROFIT ORGANIZATION PARTNERS TO CATALYZE INNOVATIONS IN TEACHER LEADER DEVELOPMENT IN RURAL AND URBAN SETTINGS. ALABAMA BEST PRACTICES CENTER PO BOX 4433 MONTGOMERY AL 36103 631280001 501(C)(3) 351705 0 DISTRICT PARTNERS TO ENHANCE SOCIAL AND EMOTIONAL LEARNING INTEGRATED WITH RIGOROUS CONTENT THROUGH A COMPREHENSIVE WHOLE-SCHOOL PROFESSIONAL LEARNING MODEL. SOUTHEAST SOUTH-CENTRAL EDUCATIONAL COOPERATIVE PO BOX 1777 RICHMOND KY 40476 900909356 501(C)(3) 149137 0 DISTRICTS PARTNER TO CATALYZE INNOVATIONS IN TEACHER LEADER DEVELOPMENT IN RURAL AND URBAN SETTINGS. SOUTHWEST WEST CENTRAL SERVICE COOPERATIVE - FOUNDATION FOR INNOVATION IN E 1420 EAST COLLEGE DRIVE MARSHALL MN 56258 824640555 501(C)(3) 306591 0 NON-PROFIT ORGANIZATION PARTNERS TO ENHANCE SOCIAL AND EMOTIONAL LEARNING INTEGRATED WITH RIGOROUS CONTENT THROUGH A COMPREHENSIVE WHOLE-SCHOOL PROFESSIONAL LEARNING MODEL. SAN FRANCISCO UNIFIED SCHOOL DISTRICT 555 FRANKLIN ST 2ND FLOOR SAN FRANCISCO CA 94102 946000416 SCHOOL DISTRICT 20000 0 DEEPENING AND EXPANDING NEW TEACHER CENTER'S WORK IN SAN FRANCISCO UNIFIED SCHOOL DISTRICT. 5 0 PART I, LINE 2: NTC GRANTS LIMITED SUB-AWARDS FROM RECEIVING GRANTS. THE SUB-AWARDS ARE MADE ONLY TO EXEMPT ORGANIZATIONS WITH CHARITABLE PURPOSES SIMILAR TO NTC'S PURPOSE. NTC ALSO MAKES GRANTS SUB-AWARDS AND FEDERAL PASS-THROUGH GRANTS TO GOVERNMENT OR QUASI-GOVERNMENT ORGANIZATIONS. SPECIFIC GUIDELINES ARE PROVIDED AS TO THE USE OF THE SUB-AWARD FUNDS AND PASS-THROUGH GRANTS IN ALL CASES. 1. INVOICES ARE PREPARED BY THE CONTRACTOR PER THE BILLING SCHEDULE OUTLINED IN THE EXECUTED AGREEMENT BETWEEN NTC AND THE CONTRACTOR. INVOICES ARE SENT DIRECTLY TO THE PROJECT LEAD, REVIEWED, AND THEN SENT TO THE FINANCIAL GRANTS MANAGER (FGM) FOR A SECONDARY REVIEW. 2. THE SGCA REVIEWS THE INVOICE WITHIN 72 HOURS OF BEING SUBMITTED. ITEMS REVIEWED INCLUDE: A. APPROPRIATE BILLING AND EXPENSE PERIOD. B. ALIGNMENT WITH THE TERMS AND CONDITIONS OF THE CONTRACTUAL AGREEMENT AND GRANT BUDGET (WHICH INCLUDES CLAUSES PERTAINING TO ALLOWABLE FEDERAL COSTS). C. SUPPORTING DOCUMENTATION. 3. WHEN THE FGM HAS QUESTIONS OR FINDS ERRORS ON CONTRACTUAL INVOICE(S), THE FGM WORKS IN COORDINATION WITH THE PROJECT LEAD TO HAVE THE CONTRACTOR(S) MAKE THE NECESSARY ADJUSTMENTS AND RESUBMIT THE INVOICE FOR PAYMENT. 4. UPON FINAL APPROVAL, THE FGM SUBMITS THE INVOICE TO THE ACCOUNTS PAYABLE ANALYST FOR PAYMENT PROCESSING. 5. CONTRACTUAL PAYMENTS UNDERGO A FINAL REVIEW DURING PREPARATION OF THE MONTHLY FEDERAL DRAW TRACKER. X X X 0 0 0 0 0 0 0 1 0 TOMMY CHANG CHIEF EXECUTIVE OFFICER 333791 0 23400 0 0 0 9631 0 9887 0 376709 0 0 0 ATYANI HOWARD CHIEF PROGRAM OFFICER 298621 0 22012 0 0 0 0 0 22475 0 343108 0 0 0 SABRINA A PLASSMAN CHIEF OPERATING OFFICER 216561 0 30000 0 0 0 4436 0 958 0 251955 0 0 0 ALLISON C ALIAGA VP, PARTNERSHIPS & DEVELOPMENT 200197 0 13000 0 0 0 6184 0 27727 0 247108 0 0 0 JENNIFER DOUGLASS VPP, PEOPLE & CULTURE 194667 0 15150 0 0 0 6085 0 27541 0 243443 0 0 0 NINA M BRUDER EXECUTIVE DIRECTOR, JNTP 191901 0 9912 0 0 0 5804 0 31143 0 238760 0 0 0 DAVID ABEL SENIOR ADVISOR 176992 0 15754 0 0 0 4814 0 30616 0 228176 0 0 0 JEFFREY HOMAN VP, PROGRAM DESIGN & INNOVATION 185498 0 14000 0 0 0 5661 0 10731 0 215890 0 0 0 FELIZA LICON ORTIZ CHIEF OF STAFF 186579 0 15000 0 0 0 4573 0 810 0 206962 0 0 0 PART I, LINE 7 ALL BONUS AMOUNTS WERE DETERMINED AND APPROVED BY THE CEO AND BOARD CHAIR OF NEW TEACHER CENTER. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION, CONTINUED: NTC BELIEVES THAT EVERY STUDENT DESERVES AN EXCELLENT EDUCATION THAT EMPOWERS THEM TO REACH THEIR FULL POTENTIAL IN CLASSROOMS, COMMUNITIES, AND BEYOND. FOUNDED BY TEACHERS IN 1998, NTC BUILDS CAPACITY WITHIN DISTRICTS AND SCHOOLS TO DRIVE STUDENT LEARNING, EDUCATOR EFFECTIVENESS, AND TEACHER AND LEADERSHIP DEVELOPMENT. NTC'S COACHING-LED AND EVIDENCE-BASED APPROACH FOCUSES ON THE ENVIRONMENT AND KEY ATTRIBUTES THAT TELL US HOW NOT JUST TO RETAIN TEACHERS BUT HELP THEM IMPROVE PRACTICE AND BECOME EDUCATOR LEADERS, ESPECIALLY AT THE START OF THEIR CAREERS. IN THE 2023-24 SCHOOL YEAR, NTC PARTNERED WITH SCHOOLS SERVING MORE THAN 4.4 MILLION STUDENTS AND 274,000 TEACHERS. ACROSS 30 STATES, NTC SUPPORT REACHED APPROXIMATELY 7,800 SCHOOLS FROM RURAL TO URBAN. FOR MORE INFORMATION, VISIT: HTTPS://WWW.NEWTEACHERCENTER.ORG/. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE BOARD EITHER IN A MEETING OR VIA ELECTRONIC DISTRIBUTION BEFORE IT IS SENT TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY COVERS DIRECTORS, OFFICERS, AND EMPLOYEES. IT COVERS FINANCIAL RELATIONSHIPS WITH A DUTY TO DISCLOSE TO NTC A CONFLICT OF INTEREST. WITH REGARD TO AN EMPLOYEE, THE CEO DETERMINES THE APPROPRIATE RESPONSE IN LINE WITH THE POLICY. WITH REGARD TO DIRECTORS OR OFFICERS, OR EMPLOYEE MATTERS REFERRED TO THE BOARD BY THE CEO, THE BOARD ADDRESSES THE CONFLICT. INDEPENDENT BOARD MEMBERS DETERMINE IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT EXISTS WITH NO CONFLICT. AFTER EXERCISING DUE DILIGENCE, THE MAJORITY OF DISINTERESTED BOARD MEMBERS AS A WHOLE OR AS PART OF A COMMITTEE BY A MAJORITY VOTE WHETHER THE TRANSACTION IS IN NTC'S BEST INTERESTS AND IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION B, LINE 15 NEW TEACHER CENTER ADOPTED A COMPENSATION REVIEW POLICY TO FACILITATE COMPLIANCE WITH CALIFORNIA AND FEDERAL LAW RELATING TO COMPENSATION OF SENIOR MANAGEMENT OF NONPROFIT ORGANIZATIONS AND IN ACCORDANCE WITH BEST PRACTICES. CEO AND CFO/COO - UNDER THE POLICY, THE BOARD MAY APPROVE THE COMPENSATION OF THE CEO OR CFO/COO ONLY IF THE COMPENSATION IS JUST AND REASONABLE. IN MAKING THIS DETERMINATION, THE BOARD CONSIDERS COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE CEO'S AND CFO/COO'S COMPENSATION. THESE DATA MAY INCLUDE THE FOLLOWING: COMPENSATION PAID BY SIMILARLY SITUATED NONPROFIT AND FOR PROFIT ORGANIZATIONS FOR COMPARABLE POSITIONS, AVAILABILITY OF SIMILAR SERVICES IN NTC'S GEOGRAPHIC AREA, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND WRITTEN OFFERS FROM SIMILAR ORGANIZATIONS COMPETING FOR THE CEO'S OR CFO/COO'S SERVICES. THE BOARD MAY TAKE ANY OTHER SUCH REVIEW ACTIONS AS IT BELIEVES APPROPRIATE UNDER THEN APPLICABLE LAW AND BEST PRACTICES PRINCIPLES. THE BOARD DOCUMENTS HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA ON WHICH IT RELIED. DOCUMENTATION SUCH AS MEETING MINUTES SHOULD NOTE: (I) TERMS OF THE COMPENSATION AND THE DATE IT WAS APPROVED (II) BOARD MEMBERS WHO WERE PRESENT DURING THE MEETING AND THOSE MEMBERS WHO VOTED (III) COMPARABILITY DATA OBTAINED AND RELIED UPON AND HOW THE DATA WERE OBTAINED (IV) ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A BOARD MEMBER BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION AND, (V) IF THE COMPENSATION IS HIGHER OR LOWER THAN THE RANGE OF THE COMPARABILITY DATA, THE BASIS FOR THE DECISION. IN ADDITION TO THE REQUIREMENTS OF THE COMPENSATION REVIEW POLICY APPLICABLE TO ALL COVERED INDIVIDUALS, THE BOARD REVIEWS THE COMPENSATION OF THE CEO AND CFO/COO (OR INDIVIDUALS WITH EQUIVALENT POWERS, DUTIES, AND RESPONSIBILITIES) UPON (I) HIRING (II) WHENEVER THE TERM OF EMPLOYMENT, IF ANY, IS RENEWED OR EXTENDED OR (III) WHENEVER THE COMPENSATION IS MODIFIED, UNLESS THE MODIFICATION EXTENDS TO SUBSTANTIALLY ALL OF NTC'S EMPLOYEES, AS REQUIRED BY CALIFORNIA LAW. FORM 990, PART VI, SECTION C, LINE 19 ALL REQUESTS FOR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST, GENERALLY WITHIN 48 HOURS AT NO EXPENSE TO THE REQUESTING PARTY. DISTRIBUTION OF THE REQUESTED DOCUMENTS WILL BE IN PDF FORMAT DELIVERED VIA EMAIL, UNLESS A PAPER COPY IS REQUESTED WHICH WILL BE DISTRIBUTED VIA U.S. MAIL.