2025-02-13T14:52:27-06:00 2024-09-30 410746749 CLIFTONLARSONALLEN LLP 60 SOUTH MARKET STREET SUITE 1550 SAN JOSE CA 95113 990 2023-10-01 943341965 SSP INTERNATIONAL INC SSPI 8667280999 1207 DELAWARE AVE 680 WILMINGTON DE 19806 AMY GILLETTE CHIEF ADMINISTRATIVE OFFICER 8667280999 2025-02-13 1 1 SHALINI SAIDHA P01959812 4082941025 2025-02-13 2023 2025-03-06 01:10:19Z AMY GILLETTE 1207 DELAWARE AVE 680 WILMINGTON DE 19806 12440890 0 X SUMMERSCIENCE.ORG X 1999 DE SSPI PROVIDES STUDENTS TRANSFORMATIONAL OPPORTUNITIES TO LEARN AND BELONG IN SCIENCE. 16 16 57 214 0 0 196737860 516918 1719641 3260166 450484 5475809 0 0 198907985 9252893 634075 1436325 0 0 964556 3061899 0 0 467664 1715316 3710049 3313947 8208273 195594038 1044620 202124062 204989025 209495 361358 201914567 204627667 X SSP PROVIDES STUDENTS WITH IMMERSIVE, TRANSFORMATIONAL OPPORTUNITIES TO LEARN, DO, AND BELONG IN SCIENCE. WE AIM TO IGNITE THE PASSION AND IMAGINATION OF YOUNG MINDS, OFFERING IMMERSIVE AND TRANSFORMATIONAL OPPORTUNITIES THAT GO BEYOND THE CLASSROOM. OUR GOAL IS TO CREATE A WORLD WHERE SCIENCE INSPIRES AND INFORMS HUMANITY, WHERE EVERY STUDENT FEELS THE THRILL OF DISCOVERY AND THE JOY OF SCIENTIFIC EXPLORATION. 0 0 6245046 1436325 3260166 SUMMER SCIENCE PROGRAM - SINCE ITS INCEPTION IN 1959, THE SUMMER SCIENCE PROGRAM HAS EMPOWERED HIGH SCHOOL STUDENTS WITH RIGOROUS STEM EXPERIENCES THAT IGNITE CURIOSITY AND INSPIRE DISCOVERY. PARTICIPANTS ENGAGE IN HANDS-ON RESEARCH PROJECTS IN FIELDS SUCH AS ASTROPHYSICS, BIOCHEMISTRY, BACTERIAL GENOMICS, AND SYNTHETIC CHEMISTRY GUIDED BY EXPERT FACULTY AND RESEARCHERS. THESE SPECIALISTS IN THEIR FIELDS MENTOR STUDENTS, HELPING THEM BUILD CONFIDENCE, HONE THEIR CRITICAL THINKING SKILLS, AND PUSH THE BOUNDARIES OF THEIR SCIENTIFIC KNOWLEDGE. EACH PROGRAM CONSISTS OF 12 TO 36 PARTICIPANTS AND 8 FACULTY MEMBERS WHO FORM A DIVERSE COMMUNITY OF LEARNING. THE FACULTY INCLUDES AN ACADEMIC DIRECTOR, AN ASSOCIATE ACADEMIC DIRECTOR (BOTH PHD SCIENTIST-EDUCATORS), A SITE DIRECTOR, AND FOUR TEACHING ASSISTANTS AND MENTORS. EVERYONE WORKS TOGETHER, IMMERSED IN THE CULTURE AND VALUES OF SCIENCE. FOR FIVE WEEKS, THEY LIVE AND LEARN TOGETHER ON A COLLEGE CAMPUS FOSTERING ANALYTICAL SKILLS, TEAMWORK, RESILIENCE, AND CREATIVITY IN A VIBRANT, IMMERSIVE ENVIRONMENT. PARTICIPANTS SPEND MANY HOURS EACH DAY IN THE CLASSROOM LEARNING THE THEORIES AND TECHNIQUES UNDERLYING THEIR RESEARCH, AND IN THE LABS AND OBSERVATORIES COLLECTING THE DATA THEY WILL ANALYZE. THE SUMMER SCIENCE PROGRAM IS INTENSE AND CHALLENGING MATERIAL IS PRESENTED AT A PACE FASTER THAN COLLEGE COURSES. THE SCHEDULE IS JAM-PACKED BUT EVERY PARTICIPANT RECEIVES A HIGH LEVEL OF PERSONAL ATTENTION FROM THE FACULTY, SO NO ONE IS LEFT BEHIND. IN SUMMER 2024, WE HAD 368 PARTICIPANTS ENROLLED ACROSS 12 PROGRAMS RUN ACROSS AT 8 UNIVERSITIES IN 7 STATES. FOR FY 2024, SSPI INCREASED OUR COMMITMENT TO ALL PARTICIPANTS BY SUBSIDIZING 30% OF THE PROGRAM'S COST FOR EVERYONE WHO ATTENDED. ADDITIONALLY, OVER 40% OF PROGRAM FEES WERE WAIVED THROUGH OUR FINANCIAL AID PROGRAMS. 411015 OUTREACH - SSPI PARTNERS WITH SCHOOLS, COMMUNITY ORGANIZATIONS, AND STEM NETWORKS TO IDENTIFY AND ENCOURAGE APPLICATIONS FROM UNDERREPRESENTED STUDENTS, ENSURING A BROAD AND DIVERSE APPLICANT POOL. SCIENTIFIC INQUIRY, PRINCIPLES, AND PRACTICES LAY A POWERFUL FOUNDATION FOR STUDENTS, EQUIPPING THEM WITH THE SKILLS NEEDED TO THRIVE IN AND CONTRIBUTE TO OUR RAPIDLY EVOLVING WORLD. YET, STEM EDUCATION INEQUALITY REMAINS A CRITICAL ISSUE IN THE UNITED STATES. OVER THE NEXT DECADE, SSP AIMS TO REACH 10,000 STUDENTS ANNUALLY, WITH AT LEAST 50% COMING FROM UNDERSERVED COMMUNITIES, OFFERING THEM RIGOROUS, ENGAGING, AND TRANSFORMATIVE SCIENCE EXPERIENCES. BY BROADENING ACCESS, DEEPENING COLLABORATION, ADVANCING EQUITY, AND LEVERAGING OUR STRENGTHS, WE AIM TO DRIVE LASTING CHANGE THAT EXTENDS BEYOND SUMMER AND BEYOND SCIENCE. MARKETING AND PUBLIC RELATIONS EFFORTS AMPLIFY SSPI'S MISSION BY RAISING AWARENESS OF THE PROGRAM'S IMPACT AND INSPIRING SUPPORT FROM A BROAD GROUP OF STAKEHOLDERS. THROUGH THOUGHT LEADERSHIP, STORYTELLING, AND STRATEGIC OUTREACH, SSPI HIGHLIGHTS THE TRANSFORMATIVE EXPERIENCES OF ITS PARTICIPANTS, GALVANIZING COMMUNITY AND INDUSTRY ENGAGEMENT WHILE ATTRACTING RESOURCES AND PARTNERSHIPS THAT EXPAND ITS REACH AND SUSTAINABILITY. 41783 SSP CONNECT - IMMEDIATELY FOLLOWING THE SUMMER SCIENCE PROGRAM, PARTICIPANTS ARE OFFERED PARTICIPATION IN A FREE ONLINE PROGRAM CALLED SSPI CONNECT. SSPI CONNECT PROVIDES INDIVIDUALIZED ONE-ON-ONE MENTORSHIP THROUGHOUT THE COLLEGE ADMISSIONS SEASON IN THE FALL OF A PARTICIPANT'S SENIOR YEAR. THIS PROGRAM SUPPORTS STUDENTS AS THEY NAVIGATE COLLEGE APPLICATIONS, SELECT SCHOOLS AND MAJORS, REFINE ESSAYS, PREPARE FOR INTERVIEWS, AND MORE - ENSURING THEY ARE EQUIPPED TO ACHIEVE THEIR GOALS. TO DATE, SSP CONNECT HAS MATCHED 676 MENTEES WITH 581 VOLUNTEER MENTORS, OFFERING UNPARALLELED GUIDANCE IN NAVIGATING THE OFTEN-CONFUSING COLLEGE ADMISSIONS PROCESS. MANY OF THESE STUDENTS ARE FIRST-GENERATION COLLEGE ASPIRANTS, FOR WHOM THE JOURNEY TO HIGHER EDUCATION CAN BE ESPECIALLY DAUNTING. BY OFFERING TAILORED SUPPORT AND MENTORSHIP, SSPI CONNECT HELPS LEVEL THE PLAYING FIELD, GIVING THESE STUDENTS THE TOOLS, CONFIDENCE, AND INSIGHT THEY NEED TO SUCCEED IN THEIR COLLEGE SEARCH AND BEYOND. THIS ADDITIONAL LAYER OF SUPPORT DEMONSTRATES SSPI'S COMMITMENT TO EACH PARTICIPANT'S SUCCESS, HELPING THEM OVERCOME BARRIERS AND SEIZE OPPORTUNITIES WELL BEYOND THEIR SUMMER EXPERIENCE. 6697844 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 25 0 1 57 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X X AMY GILLETTE 8667280999 1207 DELAWARE AVE 680 WILMINGTON DE 19806 MICHAEL MCKAY CHAIR 8.00 X X 0 0 0 PHILIP NOLAN VICE CHAIR 8.00 X X 0 0 0 LAUREN BLUM TREASURER 8.00 X X 0 0 0 HELEN SHIN SECRETARY 8.00 X X 0 0 0 RONALD IRVING IMMEDIATE PAST CHAIR 8.00 X X 0 0 0 MINOSCA ALCANTARA DIRECTOR 4.00 X 0 0 0 RICKY BALTHROP DIRECTOR 4.00 X 0 0 0 EDMUND BERTSCHINGER DIRECTOR 4.00 X 0 0 0 YOONJEONG YJ CHA DIRECTOR 4.00 X 0 0 0 MICHELLE CHANG DIRECTOR 4.00 X 0 0 0 CLINT CHAPPLE DIRECTOR 4.00 X 0 0 0 QUINTON MCARTHUR DIRECTOR 4.00 X 0 0 0 MARTHA OAKLEY DIRECTOR 4.00 X 0 0 0 MIRUNA OPRESCU DIRECTOR 4.00 X 0 0 0 KARL SUN DIRECTOR 4.00 X 0 0 0 MICHAEL WEISS DIRECTOR 4.00 X 0 0 0 FRANK STESLOW CHIEF EXECUTIVE OFFICER 40.00 X 209333 0 25367 AMY GILLETTE CHIEF ADMINISTRATIVE OFFICER 40.00 X 80536 0 3425 289869 0 28792 1 0 1 0 AMY BARR MLINAR 11 S ANGELL 114 PROVIDENCE RI 02906 ACADEMIC ADVISORY SERVICES 164750 1 516918 41911 516918 PROGRAM FEES 611600 3247279 3247279 OTHER INCOME 611600 12887 12887 3260166 2743039 2743039 5920767 3187997 2732770 2732770 2732770 9252893 3260166 0 5475809 1163150 1163150 273175 273175 524147 113535 305982 104630 2094862 1866295 95131 133436 40566 30830 6085 3651 156596 73289 39376 43931 245728 187454 36265 22009 181862 181862 174299 174299 79575 79575 50648 50648 555660 407087 127700 20873 33530 8003 5223 20304 112666 47210 31625 33831 445040 295367 71223 78450 34011 20281 13730 CAMPUS EXPENSE 1849866 1849866 PROGRAM STIPENDS 90032 90032 BANK FEES 44088 39473 453 4162 PARTICIPANT RECRUITING 19962 19962 38810 30973 5450 2387 8208273 6697844 1042765 467664 523577 58410 65904623 7640277 127798206 127802858 37744 88177 148651 6449446 42334150 1360033 26966935 202124062 204989025 209495 361358 209495 361358 X 199338635 201452611 2575932 3175056 201914567 204627667 202124062 204989025 1044620 1658480 10000 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2575932 78865 510259 3165056 2276603 16571 390758 108800 2575132 2726815 113097 -465309 98000 2276603 2162377 203560 467878 107000 2726815 2078419 80937 87021 84000 2162377 0.67580 0.32420 0 0 0 ALTERNATIVE INVESTMENTS 151772 F PUBLIC MARKET PRIVATE FUNDS 26815163 F 26966935 X 9509875 1658480 10000 -1411498 256982 9252893 0 9252893 6796775 0 6796775 1411498 1411498 8208273 PART V, LINE 4: SSPI'S ENDOWMENT CONSISTS OF A DONOR-RESTRICTED FUND FOR THE PURPOSE OF SUPPORTING SSPI'S EDUCATIONAL MISSION, INCLUDING FINANCIAL AID, CAMPUS OPERATIONS AND ADMINISTRATIVE SUPPORT. PART X, LINE 2: SSPI IS A DELAWARE NONPROFIT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. U.S. GAAP 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 ALL OF THE POSITIONS TAKEN BY SSPI ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -1,360,850. INVESTMENT FEES -50,648. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,360,850. INVESTMENT FEES 50,648. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 IN THE ADMISSIONS SECTION OF OUR WEBSITE, WE STATE OUR POLICY OF NONDISCRIMINATION AND ENCOURAGES APPLICATIONS FROM MEMBERS OF GROUPS UNDERREPRESENTED IN STEM. ADDITIONALLY, OUR APPLICATIONS/ADMISSIONS MATERIALS INCLUDE A NOTE STATING "SSP DOES NOT COLLECT OR CONSIDER RACE OR ETHNICITY IN ADMISSIONS." 1 SOUTH ASIA 0 0 PROGRAM ACTIVITIES FINANCIAL AID AND STIPENDS 273175 0 0 0 0 0 0 273175 0 273175 FINANCIAL AID SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 34 0 N/A 265050 TUITION DISCOUNTS OR WAIVERS FOR PROGRAM FEES OTHER TRAVEL DISCOUNTS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 2 0 N/A 2125 ASSISTANCE FOR TRAVEL COSTS OFFSET AGAINST PROGRAM FEES OTHER TRAVEL STIPENDS SOUTH ASIA 6 750 PAY PAL 0 N/A CLOTHING STIPENDS SOUTH ASIA 8 800 PAY PAL 0 N/A CASH STIPENDS SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 32 4450 HANDED OUT N/A 0 0 0 0 0 0 PART I, LINE 2: THE ORGANIZATION USED THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR EXPENDITURES IN PART I COLUMN (F) AND PART III COLUMN (D) AND (F). 1 FINANCIAL AID 145 1095800 OTHER TUITION DISCOUNTS OR WAIVERS FOR PROGRAM FEES TRAVEL DISCOUNTS 17 8380 OTHER ASSISTANCE FOR TRAVEL COSTS OFFSET AGAINST PROGRAM FEES TRAVEL STIPENDS 16 1970 CLOTHING STIPENDS 32 3200 CASH STIPENDS 129 17800 LOST WAGES STIPENDS 12 36000 PART I, LINE 2: AT THE TIME OF ACCEPTANCE INTO THE PROGRAM, INTERESTED PARTICIPANTS AND THEIR CAREGIVERS FILL OUT A FINANCIAL AID APPLICATION FORM. BASED ON THEIR FAMILY INCOME AND OTHER LIFE CIRCUMSTANCES, QUALIFYING PARTICIPANTS MAY RECEIVE FULL OR PARTIAL FINANCIAL AID THAT IS OFFSET AGAINST THE TUITION BALANCE. ADDITIONALLY, SOME PARTICIPANTS ALSO RECEIVE FINANCIAL AID IN THE FORM OF AIRLINE TICKETS, WHICH ARE BOOKED THROUGH A TRAVEL AGENT, AND OTHER CASH ASSISTANCE. AFTER THE PROGRAM IS COMPLETED, PARTICIPANTS HAVE THE ABILITY TO APPLY FOR A LIMITED NUMBER OF LOST WAGES STIPENDS. AS THE PROGRAM OCCURS OVER A LIMITED PERIOD OF TIME, NO ONGOING MONITORING IS CONSIDERED NECESSARY. X X X X X 0 0 0 0 0 0 0 0 0 FRANK STESLOW CHIEF EXECUTIVE OFFICER 209333 0 0 0 0 0 5729 0 19638 0 234700 0 0 0 PART I, LINE 3 THE ANNUAL PROCESS FOR DETERMINING COMPENSATION FOR BOTH THE TOP MANAGEMENT OFFICIAL (CEO) AND OTHER OFFICERS/KEY EMPLOYEES INCLUDES REVIEW AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE HR AND COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT MEMBERS OF THE BOARD, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S WRITTEN EMPLOYMENT CONTRACT AND MEETS QUARTERLY TO EVALUATE COMPENSATION AND PERFORMANCE OF THE CEO AND OTHER KEY PERSONNEL. THIS EVALUATION IS BASED ON COMPREHENSIVE MARKET DATA, WHICH MAY INCLUDE INFORMATION SUCH AS PUBLISHED SALARY SURVEYS AND FORM 990 FILINGS FROM COMPARABLE ORGANIZATIONS, WHICH ARE THEN ADJUSTED FOR FACTORS SUCH AS PERFORMANCE AND RESPONSIBILITIES. IN FY 2024, SSPI ENGAGED AN EXTERNAL COMPENSATION CONSULTANT TO CONDUCT AN IN-DEPTH MARKET ANALYSIS FOR BOTH THE TOP MANAGEMENT OFFICIAL (CEO) AND OTHER OFFICERS/KEY EMPLOYEES. THE CONSULTANT WORKED CLOSELY WITH THE HR AND COMPENSATION COMMITTEE TO DEVELOP A COMPENSATION PHILOSOPHY, ASSESS EXECUTIVE ROLES AND RESPONSIBILITIES, AND ESTABLISH BENCHMARKING PARAMETERS. THE FINAL MARKET ANALYSIS WAS FORMALLY PRESENTED TO THE COMMITTEE, WHICH USED THE FINDINGS TO RECOMMEND COMPENSATION ADJUSTMENTS. THESE RECOMMENDATIONS WERE SUBSEQUENTLY REVIEWED AND APPROVED BY THE FULL BOARD AS PART OF THE OPERATING BUDGET APPROVAL PROCESS. ALL DELIBERATIONS AND DECISIONS RELATED TO EXECUTIVE COMPENSATION ARE DOCUMENTED IN MEETING MINUTES, ENSURING CONTEMPORANEOUS RECORDKEEPING. ADDITIONALLY, IN FY 2024, SSPI IMPLEMENTED A FORMAL COMPENSATION PHILOSOPHY, A PAY ADMINISTRATION POLICY, AND STRUCTURED PAY BANDS TO FURTHER SUPPORT EQUITABLE AND COMPETITIVE COMPENSATION PRACTICES. THIS PROCESS WAS LAST COMPLETED IN 2024. X 3 41911 FMV 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7B PRIOR TO FEBRUARY 1, 2024, THE ORGANIZATION FUNCTIONED AS A MEMBERSHIP ORGANIZATION. ALL ALUMNI OF THE PROGRAM WERE MEMBERS AND HAD VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A CPA FIRM. IT IS REVIEWED BY THE TREASURER, CHAIR, EXECUTIVE DIRECTOR, AND AUDIT COMMITTEE. A COPY OF THE 990 IS THEN GIVEN TO ALL BOARD MEMBERS TO REVIEW BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C SSPI MAINTAINS A CONFLICT OF INTEREST POLICY AS PART OF ITS CODE OF CONDUCT, WHICH IS DISTRIBUTED ANNUALLY TO ALL MEMBERS OF THE BOARD OF DIRECTORS. EACH DIRECTOR IS REQUIRED TO COMPLETE AND SIGN BOTH A CONFLICT OF INTEREST QUESTIONNAIRE AND A CONFLICT OF INTEREST DISCLOSURE ON AN ANNUAL BASIS. IN ADDITION TO THIS ANNUAL DISCLOSURE, DIRECTORS MUST PROMPTLY DISCLOSE IN WRITING ANY DIRECT OR INDIRECT CONFLICTS OF INTEREST THAT ARISE DURING THE YEAR BEFORE THE COMMENCEMENT OF ANY RELATED NEGOTIATIONS. WHEN A POTENTIAL CONFLICT IS IDENTIFIED, THE DIRECTOR MAY PRESENT RELEVANT INFORMATION AND RESPOND TO QUESTIONS FROM THE BOARD. HOWEVER, THEY MUST RECUSE THEMSELVES FROM THE DISCUSSION AND LEAVE THE MEETING DURING DELIBERATIONS AND VOTING ON THE TRANSACTION IN QUESTION. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PROCESS FOR DETERMINING COMPENSATION FOR BOTH THE TOP MANAGEMENT OFFICIAL (CEO) AND OTHER OFFICERS/KEY EMPLOYEES INCLUDES REVIEW AND CONTEMPORANEOUS DOCUMENTATION OF THE DELIBERATION AND DECISION. THE HR AND COMPENSATION COMMITTEE, COMPOSED OF INDEPENDENT MEMBERS OF THE BOARD, CONDUCTS AN ANNUAL REVIEW OF THE CEO'S WRITTEN EMPLOYMENT CONTRACT AND MEETS QUARTERLY TO EVALUATE COMPENSATION AND PERFORMANCE OF THE CEO AND OTHER KEY PERSONNEL. THIS EVALUATION IS BASED ON COMPREHENSIVE MARKET DATA, WHICH MAY INCLUDE INFORMATION SUCH AS PUBLISHED SALARY SURVEYS AND FORM 990 FILINGS FROM COMPARABLE ORGANIZATIONS, WHICH ARE THEN ADJUSTED FOR FACTORS SUCH AS PERFORMANCE AND RESPONSIBILITIES. IN FY 2024, SSPI ENGAGED AN EXTERNAL COMPENSATION CONSULTANT TO CONDUCT AN IN-DEPTH MARKET ANALYSIS FOR BOTH THE TOP MANAGEMENT OFFICIAL (CEO) AND OTHER OFFICERS/KEY EMPLOYEES. THE CONSULTANT WORKED CLOSELY WITH THE HR AND COMPENSATION COMMITTEE TO DEVELOP A COMPENSATION PHILOSOPHY, ASSESS EXECUTIVE ROLES AND RESPONSIBILITIES, AND ESTABLISH BENCHMARKING PARAMETERS. THE FINAL MARKET ANALYSIS WAS FORMALLY PRESENTED TO THE COMMITTEE, WHICH USED THE FINDINGS TO RECOMMEND COMPENSATION ADJUSTMENTS. THESE RECOMMENDATIONS WERE SUBSEQUENTLY REVIEWED AND APPROVED BY THE FULL BOARD AS PART OF THE OPERATING BUDGET APPROVAL PROCESS. ALL DELIBERATIONS AND DECISIONS RELATED TO EXECUTIVE COMPENSATION ARE DOCUMENTED IN MEETING MINUTES, ENSURING CONTEMPORANEOUS RECORDKEEPING. ADDITIONALLY, IN FY 2024, SSPI IMPLEMENTED A FORMAL COMPENSATION PHILOSOPHY, A PAY ADMINISTRATION POLICY, AND STRUCTURED PAY BANDS TO FURTHER SUPPORT EQUITABLE AND COMPETITIVE COMPENSATION PRACTICES. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS ARE POSTED ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION ON AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.