2023-08-08T11:48:10-05:00 2022-12-31 BDO USA PA 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2022-01-01 346610067 SHRM FOUNDATION INC % SEAN RODDY SHRM 7035356020 1800 DUKE STREET ALEXANDRIA VA 223143499 SEAN RODDY CFO 7035483440 2023-08-07 true SEAN RODDY 999009999 Marc Berger P01871563 7038930600 2023-08-07 2 2022 2023-04-26 12:10:37Z WENDI SAFSTROM 1800 DUKE STREET ALEXANDRIA VA 223143499 14662722 false X WWW.SHRM.ORG/FOUNDATION X 1966 OH ELEVATE AND EMPOWER HR AS A SOCIAL FORCE AND MOBILIZE THE POWER OF HR AND THE GENEROSITY OF DONORS TO LEAD POSITIVE SOCIAL CHANGE IMPACTING WORK, WORKERS, AND THE WORKPLACE. 13 12 12 350 0 0 4598723 8424061 0 0 1013914 120524 0 0 5612637 8544585 507937 677045 0 0 1180563 1414402 0 0 800485 2409620 4146302 4098120 6237749 1514517 2306836 28442463 27484309 1002810 1220568 27439653 26263741 ELEVATE AND EMPOWER HR AS A SOCIAL FORCE AND MOBILIZE THE POWER OF HR AND THE GENEROSITY OF DONORS TO LEAD POSITIVE SOCIAL CHANGE IMPACTING WORK, WORKERS, AND THE WORKPLACE. false false 3943212 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. 835223 677045 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. 4778435 true true false false false false false false false true false false false false true true true true false false false false false false false false false false true true false false false false false false false false false false false false false true false true false true 63 0 true 12 true false false false false false false false false false false false false X 13 12 false true false false false true false true true false false true true true true true true true true false AL AR CA FL GA HI IL KS KY MD MA MI MN MS MO NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X SEAN RODDY 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 JOHNNY C TAYLOR JR SHRM-SCP, DIR/SHRM PRES&CEO 1.0 39.0 X 0 2561634 154894 WENDI SAFSTROM president 40.0 0.0 X 331214 0 81537 ELLEN CHRISTMAN Dir, Engagement & Philanthropy 40.0 0.0 X 184384 0 43319 MARY WRIGHT Mgr, Apprenticeship Program 40.0 0.0 X 100474 0 48299 TOM MATHEWS CHAIR 1.0 0.0 X X 0 0 0 DAN PURUSHOTHAM PHD DIRECTOR 1.0 0.0 X 0 0 0 CAMILLE CHANG GILMORE DIRECTOR 1.0 0.0 X 0 0 0 EDIE GOLDBERG PHD chair elect 1.0 0.0 X X 0 0 0 GARY LATHAM PHD DIRECTOR 1.0 0.0 X 0 0 0 JANE MARVIN SECRETARY/TREASURER 1.0 0.0 X X 0 0 0 JEFF NALLY SHRM-SCP DIRECTOR 1.0 0.0 X 0 0 0 COURTNEY PETERSON SHRM-SCP DIRECTOR 1.0 0.0 X 0 0 0 GREG FLORES DIRECTOR 1.0 0.0 X 0 0 0 KAREN BENNETT DIRECTOR 1.0 0.0 X 0 0 0 SUBHA V BARRY DIRECTOR 1.0 0.0 X 0 0 0 TRACY LAYNEY DIRECTOR 1.0 0.0 X 0 0 0 616072 2561634 328049 3 false true false HEVE LLC 524 BROADWAY FL 4 NEW YORK NY 10012 MARKETING SERVICES 474085 HIGH LANTERN GROUP LLC 685 3RD AVE FL 22 NEW YORK NY 10017 Marketing Services 302485 FOOD FOR THOUGHT CATERING PROFESSIO 7001 N RIDGEWAY AVE LINCOLNWOOD IL 60712 CATERING 139676 KATHY ROMERO EVENTS 16 MOUNT BETHEL RD STE 173 WARREN NJ 07059 EVENT PRODUCTION 120000 UBS FINANCIAL SERVICES INC 677 WASHINGTON BLVD STAMFORD CT 06901 INV MNGT SERVICES 107339 5 2808093 387961 5228007 8424061 0 584116 584116 0 0 0 0 0 5654545 6118137 -463592 -463592 -463592 0 0 0 0 0 0 0 0 0 0 8544585 120524 0 677045 677045 0 0 412751 385182 9649 17920 0 738882 689530 17273 32079 101676 94885 2377 4414 69038 64427 1614 2997 92055 85906 2152 3997 0 16679 16679 14109 14109 0 0 107339 107339 1859187 1350136 260892 248159 906335 906335 38584 1381 36378 825 0 0 0 204713 49904 73113 81696 0 891601 459910 24324 407367 0 0 0 0 TEMPORARY HELP 41580 41580 BAD DEBT EXPENSE 39600 39600 MISCELLANEOUS 26575 13794 11750 1031 6237749 4778435 658829 800485 1116169 3708779 0 0 957054 1086913 99700 783098 0 0 0 0 0 0 0 0 0 0 0 0 25325792 21867195 0 0 0 0 0 0 943748 38324 28442463 27484309 397180 402812 0 0 0 0 0 0 0 0 0 0 0 0 0 0 605630 817756 1002810 1220568 X 22056422 19549298 5383231 6714443 27439653 26263741 28442463 27484309 X 2306836 -3460873 -21875 X false true X true false X 2156318 3694405 4093627 4598723 8424061 22967134 0 0 2156318 3694405 4093627 4598723 8424061 22967134 8195002 14772132 453906 533794 420634 569637 584116 2562087 0 0 25529221 424065 0.57864 0.53073 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3056186 -320342 71460 2664384 2884970 216527 45311 3056186 2661670 251012 27712 2884970 1592593 1000000 104591 35514 2661670 1676712 -65357 18762 1592593 0.26000 0.69000 0.05000 false false 0 ACCRUED PENSION COST 402795 DUE TO RELATED PARTY 414961 817756 X 5396373 -3460873 420000 -3040873 8437246 107339 107339 8544585 6550410 420000 420000 6130410 107339 107339 6237749 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, 2022 and 2021, respectively, as the Foundation had no significant net unrelated business income. true Academic Awards 70 218169 Professional Awards 328 458876 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. REIMBURSEABLE 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 934054 0 1620000 0 7580 0 130962 0 23932 0 2716528 0 0 WENDI SAFSTROM president 225423 0 104500 0 1291 0 69987 0 11550 0 412751 0 0 0 ELLEN CHRISTMAN Dir, Engagement & Philanthropy 162229 0 22000 0 155 0 43319 0 0 0 227703 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 DONATES 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 THE CONTROLLER AND CFO OF 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: -$21,875 FORM 990 PART IX LINE 11G DESCRIPTION:OTHER PROFESSIONAL FEES TOTAL FEES:840428 FORM 990 PART IX LINE 11G DESCRIPTION:GRANT SERVICES TOTAL FEES:672022 FORM 990 PART IX LINE 11G DESCRIPTION:STRATEGIC CONSULTING TOTAL FEES:329033 FORM 990 PART IX LINE 11G DESCRIPTION:PRODUCTION SERVICES TOTAL FEES:17704 SOCIETY FOR HUMAN RESOURCE MGNT (SHRM) 1800 DUKE STREET ALEXANDRIA VA 22314 340948453 SEE PART VI OH 501(C)(6) N/A NA false HR PEOPLE & STRATEGY INC 1800 DUKE STREET ALEXANDRIA VA 22314 132989471 SEE PART VI NY 501(c)(3) 10 SHRM false SHRM CORPORATION 1800 DUKE STREET ALEXANDRIA VA 223143499 760839798 SEE PART VI 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 VI IN SHRM C CORP 0 0 0.00000 false Linkage Inc 1800 DUKE STREET ALEXANDRIA VA 223143499 043021427 ORG DEVELOPMENT AZ SHRM CORP C CORP 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 C 2808093 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT P 716260 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT Q 611038 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT H 222431 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT M 187534 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