ACT board positions prove profitable

Lee Rood of The Des Moines Register finds that testing fees paid to the non-profit ACT Inc. of Iowa City are lining the pockets of its board of directors. "ACT, the college-entrance exam developer that has grown increasingly successful in taking on longtime rival SAT, is paying its influential board of directors about $520,000 annually — an amount that experts say surpasses the compensation of about 98 percent of nonprofit boards across the country." Recent board members included "former U.S. secretaries of education, heads of some of the country's largest universities and school districts, a former governor and national education policymakers." The Iowa Attorney General's Office has the power to revoke a company's nonprofit status and is examining the situation.