The Iowa City-based nonprofit organization that develops ACT college entrance tests pays its board and its top executive more than almost all other nonprofit organizations in the United States.
ACT Inc. pays its 14-member board of directors about $520,000 a year and its chairman and CEO Richard Ferguson a base salary of about $508,000 annually, according to a copyright story in the Des Moines Sunday Register.
Americans for Educational Testing Reform has a simple mission: to repeal the 501(c)(3) tax-exempt status granted to ETS, Collegeboard, and ACT, Inc.
Monthly Archives: November 2007
Nonprofit ACT board’s pay near top in U.S.
More than $1.2 million in fees paid every year by students, school districts, states and others to ACT Inc. of Iowa City is profiting the nonprofit company’s board of directors, a Des Moines Sunday Register investigation shows.
