2024-08-23T15:29:49-05:00 2023-12-31 BDO USA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2023-01-01 346610067 SHRM FOUNDATION INC % JANE HADLEY SHRM 7035356020 1800 DUKE STREET ALEXANDRIA VA 223143499 Jane Hadley VP/CONTROLLER 7035483440 2024-08-23 true true Marc Berger P01871563 7038930600 2023 2024-08-08 14:25:15Z WENDI SAFSTROM 1800 DUKE STREET ALEXANDRIA VA 223143499 11561699 false X WWW.SHRM.ORG/FOUNDATION X 1966 OH MOBILIZE AND EQUIP HR TO LEAD POSITIVE SOCIAL CHANGE SO THAT ALL TALENT AND WORKPLACES CAN PROSPER AND THRIVE. 14 13 15 350 0 0 8424061 5316846 0 0 120524 516402 0 47449 8544585 5880697 677045 975339 0 0 1414402 1765081 0 0 577674 4146302 5897308 6237749 8637728 2306836 -2757031 27484309 28826627 1220568 2673275 26263741 26153352 MOBILIZE AND EQUIP HR TO LEAD POSITIVE SOCIAL CHANGE SO THAT ALL TALENT AND WORKPLACES CAN PROSPER AND THRIVE. false false 5702432 0 0 THE FOUNDATION INSPIRES AND EMPOWERS HR TO LEAD SOCIAL CHANGE IN THE WORKPLACE: STRATEGIC INITIATIVES INCLUDE THE LAUNCH OF SKILLED CREDENTIALS, CREATION OF INCLUSIVE WORKPLACE CULTURES, RECOGNIZE AND CELEBRATE VISIONARY, INNOVATIVE BUSINESS PRACTICE, SAFE AND INCLUSIVE WORKPLACES, TALENT SHORTAGES AND OPPORTUNITIES FOR INCREASING INTEREST IN HR / HR PROFESSIONALS OF THE FUTURE, MOBILIZE HR PROFESSIONALS TO ACTIVATE EVIDENCE-BASED PROGRAMMATIC SOLUTIONS, AND ELEVATE HR BY PROMOTING HR AS THE VEHICLE TO EFFECT SOCIAL CHANGE. 1145928 975339 0 THE FOUNDATION INSPIRES AND EMPOWERS THE NEXT GENERATION OF HR LEADERS: INSPIRE STUDENTS, YOUNG PROFESSIONALS, AND UNTAPPED TALENT POOLS TO PURSUE AND ADVANCE THEIR CAREERS IN HR, MOBILIZE FUTURE HR LEADERS TO LEARN AND GROW WITH ACTIVE SUPPORT FROM PROFESSIONAL MEMBERS, SCHOLARSHIPS, AWARDS AND GRANTS TO FURTHER THEIR EDUCATION/PROFESSIONAL DEVELOPMENT, AND ELEVATE HR BY PROMOTING HR JOBS AND CAREERS AT THE EARLIEST OF STAGES. 6848360 true true false false false false false false false true false false false false true true true true false false 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29058491 175000 0.61450 0.57864 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2664384 214321 20037 2858668 3056186 -320342 71460 2664384 2884970 216527 45311 3056186 2661670 251012 27712 2884970 1592593 1000000 104591 35514 2661670 0.24000 0.65000 0.11000 false false 0 DUE TO RELATED PARTY 1971688 ACCRUED PENSION COST 180389 2152077 X 8396208 2590954 35000 2625954 5770254 110443 110443 5880697 8562285 35000 35000 8527285 110443 110443 8637728 SCHEDULE D, PART V, LINE 4: THE FOUNDATION'S GENERAL ENDOWMENT WAS ESTABLISHED IN 2007 FROM A CONTRIBUTION FROM SHRM. ALL EARNINGS ON THESE FUNDS ARE TO BE AVAILABLE TO SUPPORT THE GENERAL OPERATIONS OF THE FOUNDATION. THE ENDOWED SCHOLARSHIP FUND WAS ESTABLISHED IN 2014 FOR SCHOLARSHIPS AWARDED FOR ACADEMIC STUDIES, SHRM CERTIFICATION, AND PROFESSIONAL DEVELOPMENT. INTEREST AND DIVIDENDS ON THESE FUNDS ARE TO BE USED FOR AWARDS TO INDIVIDUALS IN THE FIELD OF HUMAN RESOURCES. THE BOARD OF DIRECTORS OF THE FOUNDATION ESTABLISHED THE M.R. LOSEY FUND AND THE SUSAN R. MEISINGER FELLOWSHIP FUND. THE M.R. LOSEY FUND SUPPORTS AN AWARD GIVEN ANNUALLY TO AN INDIVIDUAL WHO HAS DEMONSTRATED SIGNIFICANT CONTRIBUTIONS IN THE FIELD OF HUMAN RESOURCES. THE SUSAN R. MEISINGER FUND EARNINGS, UP TO $10,000 ANNUALLY, IS FOR AT LEAST ONE SELECTED GRADUATE STUDENT IN THE FIELD OF HUMAN RESOURCES. THE RAM CHARAN CHRO HR INNOVATION FUND WAS ESTABLISHED IN 2019 WITH INTEREST AND DIVIDENDS DESIGNATED TO SUPPORT AN ANNUAL AWARD OF UP TO $50,000 FOR AN HR PRACTITIONER WHO HAS THE REAL-WORLD SKILLS TO BUILD A HEALTHY FUTURE FOR AN ORGANIZATION AND ITS PEOPLE WHILE DELIVERING BUSINESS RESULTS. SCHEDULE D, PART X, LINE 2: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. NO PROVISION FOR FEDERAL INCOME TAXES IS REQUIRED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY, AS THE FOUNDATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME. true CHICAGO SHRM CHAPTER 0004 CHICAGO IL 60603 363137133 501(c)(6) 10000 WORKFORCE PATHWAYS AWARD PIHRA (ORANGE CO) CHAPTER 0030 EL SEGUNDO CA 90245 952222999 501(c)(6) 10000 WORKFORCE PATHWAYS AWARD GREATER PENSACOLA SHRM PO BOX 12175 PENSACOLA FL 32591 010553109 501(c)(6) 10000 WORKFORCE PATHWAYS AWARD HR MIAMI 15757 PINES BLVD PEMBROKE PINES FL 33027 591725764 501(c)(6) 10000 WORKFORCE PATHWAYS AWARD PHILADELPHIA SHRM PO BOX 1155 HAVERTON PA 19083 232273880 501(c)(6) 10000 WORKFORCE PATHWAYS AWARD 5 ACADEMIC AWARDS 319 482185 PROFESSIONAL DEVELOPMENT AWARDS 458 433154 SCHEDULE I, PART I, LINE 2: SHRM FOUNDATION ACADEMIC SCHOLARSHIPS ARE PAID DIRECTLY TO UNIVERSITIES ON BEHALF OF ENROLLED STUDENT RECIPIENTS PRODUCING ELIGIBLE TUITION BILLS. PROFESSIONAL AWARDS ARE PAID TO SHRM ORGANIZATIONS UPON RECIPIENT REGISTRATION FOR ELIGIBLE PROFESSIONAL DEVELOPMENT. REIMBURSABLE TRAVEL EXPENSES ARE MONITORED SIMILAR TO SHRM'S EXPENSE REIMBURSEMENT TRAVEL POLICIES. X false true false false false false false false true true false JOHNNY C TAYLOR JR SHRM-SCP, DIR/SHRM PRES&CEO 0 1178506 0 2330000 0 2422 0 103230 0 26397 0 3640555 0 0 WENDI SAFSTROM PRESIDENT 228495 0 106000 0 1066 0 80746 0 12179 0 428486 0 0 0 ELLEN CHRISTMAN DIR, ENGAGEMENT & PHILANTHROPY 169229 0 59246 0 852 0 67841 0 0 0 297168 0 0 0 CLAYTON LORD DIR, FOUNDATION PROGRAMS 148500 0 29600 0 396 0 9576 0 0 0 188072 0 0 0 ELIZABETH KOHM MGR, FOUNDATION PROGRAMS 91938 0 24466 0 876 0 30296 0 34726 0 182302 0 0 0 SHCEDULE J, PART I, LINE 1 & LINE 2: ALL EMPLOYEES RECEIVE A GROSS UP PAYMENT AS PART OF THE ORGANIZATION'S BIRTHDAY GIFT PROGRAM. PAYMENTS ARE INCLUDED IN TAXABLE WAGES. SHCEDULE J, PART I, LINE 3: COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS APPROVED BY SHRM'S CHIEF HUMAN RESOURCES OFFICER IN CONSULTATION WITH THE FOUNDATION BOARD CHAIR. THE FOLLOWING WAS USED TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND A COMPENSATION SURVEY OR STUDY. COMPENSATION AMOUNTS ARE COMMENSURATE WITH THE EXTERNAL MARKET AND DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. SCHEDULE J, PART I, LINE 6B & LINE 7: ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE AN INCENTIVE COMPENSATION PAYMENT PAID FROM AN INCENTIVE COMPENSATION POOL DETERMINED BY SHRM, A RELATED ENTITY, MEETING KEY PERFORMANCE GOALS. THE GOALS ARE APPROVED BY THE SHRM BOARD OF DIRECTORS AND INCLUDE CERTIFICATION RATES, MEMBERSHIP COUNTS, BRAND REPUTATION MEASURES, AND FINANCIAL RESULTS. INDIVIDUAL PAYMENTS ARE BASED ON INDIVIDUAL PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 3: THE FOUNDATION HAS A STRATEGIC PARTNERSHIP AGREEMENT WITH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) WHEREBY SHRM PROVIDES MANAGEMENT AND ADMINISTRATIVE SUPPORT SERVICES FOR THE FOUNDATION. SHRM SERVICES CONSIST OF THOSE TYPICALLY PROVIDED BY A CFO, INCLUDING IN PERTINENT PART: PREPARATION OF MONTHLY FINANCIAL STATEMENTS, OVERSIGHT OF THE ANNUAL AUDIT, TAX RETURN PREPARATION, INVESTMENT ASSISTANCE, AND ADVICE AND COUNSEL ON FINANCES. IN ADDITION, THE FOUNDATION HAS AGREED TO ADHERE TO SHRM ADMINISTRATIVE AND FINANCIAL PROCESSES AND POLICIES (E.G., PURCHASING, DOCUMENT RETENTION, AND CONTRACT APPROVAL). UNDER THIS AGREEMENT, THE FOUNDATION BUDGET IS PREPARED IN CONSULTATION WITH SHRM. FORM 990, PART VI, SECTION A, LINE 7A: THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) PRESIDENT/CEO, OR HIS DESIGNEE, SHALL BE A VOTING EX OFFICIO DIRECTOR ON THE FOUNDATION'S BOARD. THE SHRM BOARD IS REQUIRED TO ELECT THE REMAINING FOUNDATION DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: THE DRAFT FEDERAL FORM 990 IS PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM THAT CONDUCTS THE FINANCIAL STATEMENT AUDIT OF THE FOUNDATION. THE DRAFT IS REVIEWED BY SHRM. PRIOR TO FILING THE FEDERAL FORM 990 WITH THE INTERNAL REVENUE SERVICE, A COMPLETE COPY IS PROVIDED TO ALL VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C: IT IS SHRM FOUNDATION'S INTENT TO AVOID IMPROPRIETY IN ALL OF ITS DECISIONS AND ACTIONS. THE BOARD'S CONFLICT OF INTEREST POLICY PROVIDES PROCEDURES FOR ADDRESSING POTENTIAL CONFLICTS OF INTEREST THAT MAY REQUIRE BOARD OR COMMITTEE ACTION, SUCH AS: 1) THE INTERESTED PERSON MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND SUCH DISCLOSURE MUST BE REFLECTED IN THE MINUTES OF THE MEETING WHERE SUCH MATTER IS BEING REVIEWED; AND 2) SUCH PERSON'S INELIGIBILITY TO VOTE SHOULD BE REFLECTED IN THE MINUTES. ADDITIONALLY, THE SHRM EMPLOYEE CODE OF CONDUCT APPLIES TO ALL SHRM FOUNDATION EMPLOYEES. THE CODE OF CONDUCT REQUIRES EMPLOYEES TO AVOID TRANSACTIONS, ACTIVITIES AND RELATIONSHIPS WHICH PLACE PERSONAL INTEREST IN CONFLICT WITH SHRM FOUNDATION; NOT TO USE ORGANIZATIONAL ASSETS OR THEIR POSITION AT SHRM FOUNDATION FOR PERSONAL USE OR GAIN; NOT TO ACCEPT GIFTS FROM VENDORS UNLESS WITHIN SPECIFIED GIFT GUIDELINES. EMPLOYEES ARE INFORMED THAT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MAY GO BEYOND DEALINGS WITH CUSTOMERS, VENDORS OR SUPPLIERS. CONFLICTS MAY ALSO INVOLVE DEALINGS WITH MANAGERS, SUBORDINATES OR OTHER STAFF MEMBERS. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, EMPLOYEES ARE REQUIRED TO DISCLOSE SUCH CONFLICT OF INTEREST TO THEIR SVP (OR PRESIDENT IF THEY ARE AN SVP) AND THE EMPLOYEE MUST NOT BE INVOLVED IN THE SELECTION, MANAGEMENT OR OVERSIGHT OF SUCH VENDOR. FORM 990, PART VI, SECTION B, LINE 15: COMPENSATION OF THE EXECUTIVE DIRECTOR AT THE SHRM FOUNDATION WAS APPROVED BY SHRM'S CHIEF HUMAN RESOURCES OFFICER IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIR. RELEVANT COMPARABILITY DATA FROM AN INDEPENDENT CONSULTANT WAS USED. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AT LEAST EVERY TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19: THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: PENSION-RELATED CHARGES, INCL. NET PD. PENSION COSTS OTHER THAN SVC. COST - $55,688 FORM 990 PART IX LINE 11G DESCRIPTION:CREDENTIALING SERVICES TOTAL FEES:1584859 FORM 990 PART IX LINE 11G DESCRIPTION:STRATEGIC CONSULTING TOTAL FEES:786723 FORM 990 PART IX LINE 11G DESCRIPTION:GRANT SERVICES TOTAL FEES:748604 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:93312 SOCIETY FOR HUMAN RESOURCE MGNT (SHRM) 1800 DUKE STREET ALEXANDRIA VA 22314 340948453 SEE PART VII OH 501(C)(6) N/A NA false HR PEOPLE & STRATEGY INC 1800 DUKE STREET ALEXANDRIA VA 22314 132989471 SEE PART VII NY 501(c)(3) 10 SHRM false SHRM CORPORATION 1800 DUKE STREET ALEXANDRIA VA 223143499 760839798 SEE PART VII VA SHRM C CORP 0 0 0.00000 false STRATEGIC HR MGM'T IND PVT LTD REGUS ORCHID BUS CTR 311 MUMBAI KHAR IN 40052 802212005 SEE PART VII IN SHRM C CORP 0 0 0.00000 false LINKAGE INC 1800 DUKE STREET ALEXANDRIA VA 223143499 043021427 ORG DEVELOPME MA SHRM CORP C CORP 0 0 0.00000 false SHRM ARABIA COMPANY FOR TRAINING MOUSA BIN NOSSAIR STREET OLAYA RIYADH SA ORG TRAINING SA SHRM 0 0 0.00000 false false false true false false false false true false false false false true true false true true false false SOCIETY FOR HUMAN RESOURCE MANAGEMENT P 556413 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT H 335839 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT M 773656 FMV SCHEDULE R, PART II, COLUMN (B): LINE (1): PRIMARY ACTIVITY: SERVE NEEDS OF HR PROFESSIONALS LINE (2): PRIMARY ACTIVITY: STRATEGIC HR EDUCATION SCHEDULE R, PART IV, COLUMN (B): LINE (1): PRIMARY ACTIVITY: ON-LINE JOBS ADVERTISING PROGRAM LINE (2): PRIMARY ACTIVITY: HR RESEARCH AND EDUCATIONAL PROGRAMS IN INDIA