2023-10-25T11:08:07-05:00 2022-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2022-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 698 MILLS ROAD WEST POINT NY 10996 ROBERT SCHAFFER CFO 8454461500 2022-06-23 1 ROBERT SCHAFFER 999009999 0 X KERRI N BOGDA CPA P00760402 7177404863 2023-10-25 X 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WEST POINT ASSOC OF GRADUATES MARK D BIEGER 698 MILLS ROAD WEST POINT NY 10996 312508944 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 16 16 184 70 -452493 0 95240869 60812184 1284892 1737208 30987807 12242649 1751240 1779009 129264808 76571050 25825444 37333428 0 0 11580237 12686406 40000 0 8517115 5975640 6994178 43421321 57014012 85843487 19557038 680065484 618863190 23148590 22651871 656916894 596211319 X THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 37441292 37333428 0 EDUCATIONAL AND HISTORICAL: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PHILANTHROPIC SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY AT WEST POINT ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION BASED ON THE NEEDS ESTABLISHED BY USMA SUPERINTENDENT. INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF FACILITIES AND ENHANCEMENTS TO SUPPORT USMA, A NATIONAL HISTORIC LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. IN ADDITION, THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR WEST POINT GRADUATES, KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE." 4244644 0 2635852 ALUMNI SERVICES: THE ASSOCIATION OF GRADUATES IS THE ALUMNI ASSOCIATION FOR THE UNITED STATES MILITARY ACADEMY AT WEST POINT WHOSE GRADUATES ARE KNOWN THROUGHOUT HISTORY AS THE "LONG GRAY LINE." THE ASSOCIATION PROVIDES VARIOUS PROGRAMS, ACTIVITIES, AND SERVICES TO HELP GRADUATES STAY CONNECTED TO EACH OTHER AND THE UNITED STATES MILITARY ACADEMY (USMA). THESE INCLUDE SUPPORT TO OVER 80 GRADUATE CLASSES AND OVER 130 WEST POINT SOCIETIES LOCATED AROUND THE WORLD. AMONG THE SERVICES ARE THE PROVISION OF SOFTWARE PLATFORMS TO SUPPORT THE OPERATIONS OF CLASSES AND SOCIETIES, MEMORIAL SUPPORT FOR FUNERALS AT WEST POINT, GRADUATE EVENTS AND REUNIONS, 50-YEAR CLASS AFFILIATION EVENTS, PROGRAMS TO WELCOME GRADUATES VISITING WEST POINT, GRADUATE INSIDER TOURS AND TRAVEL PROGRAMS, SMART PHONE APPLICATIONS TO FACILITATE GRADUATE CONNECTIONS, CAREER AND TRANSITION SERVICES AND SUICIDE PREVENTION AWARENESS. THE ASSOCIATION ALSO MAINTAINS DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF USMA, AND IT OPERATES A GIFT SHOP. 1447122 0 163451 COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES, AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF TAPS, AND THE ASSOCIATION'S QUARTERLY WEST POINT MAGAZINE, PROVIDED TO OVER 55,000 GRADUATES FREE OF CHARGE, OVER 2,700 SOCIAL MEDIA UPDATES REACHING 96,000 INDIVIDUALS AND OVER 200 EMAIL MESSAGES SENT ANNUALLY. 43133058 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 57 0 184 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AL AR AZ CA CO CT DE FL GA HI IA ID IL IN KS KY LA MA MD ME MI MN MN MO MS NC ND NE NH NJ NM NV NY OH OK OR PA RI SC SD TN TX UT VA VT WI WV WY WA X X ROBERT SCHAFFER CFO 8454461500 698 MILLS ROAD WEST POINT NY 10996 ROBERT A MCDONALD CHAIRMAN 12.00 X X 0 0 0 HERMAN E BULLS VICE CHAIRMAN 12.00 X X 0 0 0 KEIRN C BROWN JR DIRECTOR 7.00 X 0 0 0 JEFFREY A SORENSON DIRECTOR 7.00 X 0 0 0 CLYDE A SELLECK III DIRECTOR 7.00 X 0 0 0 PETER CAREY DIRECTOR 7.00 X 0 0 0 RONALD L JOHNSON DIRECTOR 7.00 X 0 0 0 CURTIS HARRIS DIRECTOR 7.00 X 0 0 0 THOMAS E AYRES DIRECTOR 7.00 X 0 0 0 DEIRDRE P DIXON DIRECTOR 7.00 X 0 0 0 FELISA SA LEWIS DIRECTOR 7.00 X 0 0 0 MARK W HOUSE DIRECTOR 7.00 X 0 0 0 DANA J H PITTARD DIRECTOR 7.00 X 0 0 0 SCOTT M SAUER DIRECTOR 7.00 X 0 0 0 CHARLES C CORRELL DIRECTOR 7.00 X 0 0 0 ERICA JEFFRIES PURDO DIRECTOR 7.00 X 0 0 0 TODD A BROWNE PRESIDENT/CEO 40.00 X 423398 0 23211 PATRICK O ORTLAND VICE PRESIDENT & COO 40.00 X 212819 0 15730 ROBERT SCHAFFER VICE PRESIDENT & CFO 40.00 X 182212 0 37427 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 40.00 X 294826 0 43060 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 40.00 X 163521 0 21528 MICHAEL WHITE SR DIR. MAJOR & LEADERSHIP GIVING 40.00 X 165611 0 28461 RICHARD FRENCH VICE PRESIDENT OF IT 40.00 X 155279 0 12286 JESSICA KUHLMAN SR. DIR DONOR STRATEGY & ANALYTICS 40.00 X 149157 0 34998 SAMANTHA SOPER SR. DIR DONOR RELATIONS & ADV SVCS 40.00 X 144274 0 33856 JAYE DONALDSON VP, COMMUNICATIONS & MARKETING 40.00 X 177704 0 11938 2068801 0 262495 25 0 1 0 EWING COLE 100 NORTH 6TH STREET PHILADELPHIA PA 19106 CONSTRUCTION 1792886 TECTONIC ENGINEERING & SURVEYING PO BOX 37 MOUNTAINVILLE NY 10953 ENGINEERING 304159 BLACKBAUD INC PO BOX 844827 BOSTON MA 02284 SOFTWARE 215812 DARTMOUTH PRINTING COMPANY PO BOX 842371 BOSTON MA 02284 PRINTING AND MAILING 211928 MARK B THOMPSON ASSOCIATES 502 SOUTH 24TH STREET PHILADELPHIA PA 19146 ARCHITECTURE 189792 17 60812184 29758233 60812184 ALUMNI SERVICES 561520 777234 721131 56103 ALUMNI EVENTS 900099 574116 574116 SPONSORSHIPS 900099 201400 201400 PUBLICATION SALES 513190 163451 56323 107128 CREDIT CARD PROCESSING & OTHER 900099 21007 21007 1737208 5211992 -615724 5827716 716914 716914 241738620 234707963 7030657 7030657 7030657 2292026 1229931 1062095 1062095 76571050 2636072 -452493 13575287 36703977 36703977 623445 623445 6006 6006 1489159 198310 582044 708805 9118564 2944542 1488918 4685104 460598 110920 90802 258876 775563 251728 120251 403584 842522 268555 169017 404950 72199 24372 40925 6902 58426 58426 555774 555774 602403 209965 211727 180711 43016 33373 35 9608 1508603 697120 54170 757313 1277024 234947 796901 245176 78832 46157 32675 182524 104123 48785 29616 1171132 450315 239601 481216 822350 30849 762350 29151 104731 104731 DONOR CULTIVATION 240033 203 320 239510 MANUFACTURING & DISTRIB 154273 154273 REGISTRATION FEES 15083 15083 SUBSCRIPTIONS 14002 1748 7451 4803 93773 38130 31611 24032 57014012 43133058 5363839 8517115 7664817 7354402 44261732 28575442 275838 156802 319617 492682 17686 2528 15187285 10506590 5076259 4680695 457829643 413234432 128960153 125995794 35659739 38370413 680065484 618863190 3095576 3969631 8390638 8660614 3213525 2992035 8448851 7029591 23148590 22651871 X 80235164 61850249 576681730 534361070 656916894 596211319 680065484 618863190 X 19557038 -84789590 4526977 X 0 1 X 1 0 X 54858623 55172142 43916800 95240869 60812184 310000618 54858623 55172142 43916800 95240869 60812184 310000618 36637453 273363165 15710952 10129508 12300776 10699346 6544630 55385212 42583 261716 0 304299 365690129 16614344 0.74750 0.74060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 411435155 12195295 -57363535 7806969 -9367473 367827419 339628445 18800315 54067563 5527773 -4466605 411435155 304272739 6272697 30036865 5502909 -4549053 339628445 252700217 8773963 44886190 7714922 -5627291 304272739 266095468 6853173 -18127801 5147984 -3027361 252700217 0.04380 0.72060 0.23560 0 0 285000 11434344 7631611 4087733 1422355 939201 483154 2045586 1935778 109808 4680695 REAL ESTATE INVESTMENT TRUST 43767 F OTHER INVESTMENTS 35895850 F LIMITED PARTNERSHIPS 90056177 F 125995794 SPLIT INTEREST TRUSTS 38370413 38370413 DEFERRED COMPENSATION 634042 REMAINDER TRUSTS 3666242 DUE TO CLASSES 2729307 7029591 X -6928659 -84789590 -555774 -85345364 78416705 -1845655 -1845655 76571050 53776916 -2681322 -2681322 56458238 555774 555774 57014012 PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. PART X, LINE 2: THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX EXPENSES OR BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -555,774. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -1,229,931. UBI FROM PARTNERSHIP INVESTMENTS -615,724. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,229,931. PROVISION FOR UNCOLLECTIBLE PLEDGES -3,911,253. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 555,774. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 58974054 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 1981299 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLARSHIPS 6006 0 0 0 0 0 0 60961359 0 60961359 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 2 6006 EFT/WIRE XFER N/A CASH 1 0 1 0 1 0 PART I, LINE 2: THE ASSOCIATION PROVIDES CERTAIN GRANTS TO CAPTAINS AND MAJORS IN THE ARMY FOR ADVANCED EDUCATION, LANGUAGE, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS. PROPER USE OF FUNDS IS MONITORED VIA THE STUDENTS' COMPLETION OF THE GRADUATE PROGRAMS. PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINES 3: THE INVESTMENTS DID NOT MEET THE THRESHOLDS FOR FILING FORM 5471. 1 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 515 COST TRAVEL/ENTERTAINMENT USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 11684 COST MISCELLANEOUS USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 295639 1845 COMPARABLE ART USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 22273 34400 COST MISCELLANEOUS MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 7762 COMPARABLE BOOKS & PUBS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 16711934 644380 COMPARABLE BOOKS & PUBS CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 4616991 0 N/A N/A CADET FACILITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 760 COST MISCELLANEOUS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 377820 COST TRAVEL/ENTERTAINMENT CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 6619769 24000 COST TRAINING CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 1226 COST MISCELLANEOUS CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 3206 COST TRAVEL/ENTERTAINMENT CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 10120 COST TRAINING CADET ACTIVITES ARMY WEST POINT ATHLETIC ASSOCIATION INC 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(C)(3) 7319653 0 N/A N/A CADET ACTIVITIES 2 SCHOLARSHIPS 60 623445 CASH N/A PART I, LINE 2: THE ASSOCIATION PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION RELIES ON USMA TO MONITOR THE USE OF THESE GRANT FUNDS. CERTAIN SCHOLARSHIPS (PRIMARILY TO PREP SCHOOLS) ARE PROVIDED TO CAREFULLY SELECTED AND HIGHLY MOTIVATED YOUNG PEOPLE SEEKING ADMISSION TO USMA. STUDENTS MUST HAVE ALL QUALIFICATIONS DETERMINED BY THE ADMISSIONS COMMITTEE TO BE CONSIDERED FOR A SCHOLARSHIP. STUDENTS WHO ACCEPT THESE SCHOLARSHIPS MUST PERFORM TO USMA-SET STANDARDS DURING THE SCHOLARSHIP PERIOD TO BE ACCEPTED AT USMA AT THE END OF THE SCHOLARSHIP PERIOD. FURTHER, OTHER GRANTS ARE AWARDED TO CAPTAINS AND MAJORS IN THE REGULAR ARMY FOR ADVANCED EDUCATION, LANGUAGE SKILLS, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. X X 0 0 0 0 0 0 0 1 0 TODD A BROWNE PRESIDENT/CEO 342218 0 81180 0 0 0 20500 0 2711 0 446609 0 0 0 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 264826 0 30000 0 0 0 20500 0 22560 0 337886 0 0 0 PATRICK O ORTLAND VICE PRESIDENT & COO 204319 0 8500 0 0 0 15294 0 436 0 228549 0 0 0 ROBERT SCHAFFER VICE PRESIDENT & CFO 173712 0 8500 0 0 0 14207 0 23220 0 219639 0 0 0 MICHAEL WHITE SR DIR. MAJOR & LEADERSHIP GIVING 157611 0 8000 0 0 0 12051 0 16410 0 194072 0 0 0 JAYE DONALDSON VP, COMMUNICATIONS & MARKETING 177704 0 0 0 0 0 3141 0 8797 0 189642 0 0 0 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 152021 0 11500 0 0 0 5118 0 16410 0 185049 0 0 0 JESSICA KUHLMAN SR. DIR DONOR STRATEGY & ANALYTICS 141657 0 7500 0 0 0 11738 0 23260 0 184155 0 0 0 SAMANTHA SOPER SR. DIR DONOR RELATIONS & ADV SVCS 136774 0 7500 0 0 0 11256 0 22600 0 178130 0 0 0 RICHARD FRENCH VICE PRESIDENT OF IT 146779 0 8500 0 0 0 11831 0 455 0 167565 0 0 0 PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT. X 1 1845 COMPARABLE X 652142 COMPARABLE X 82 28640515 NYSE VALUE X TRAVEL & ENT. 18 381541 COST X VARIOUS MISC. ITEMS 6 48070 COST X TRAINING ITEMS 3 34120 COST 1 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN B REPRESENTS THE NUMBER OF DONORS. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY APPROXIMATES 55,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE CHAIRMAN, VICE-CHAIRMAN AND THE DIRECTORS OF THE BOARD, ALL OF WHOM CONSTITUTE THE BOARD OF DIRECTORS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. MEMBERS ALSO VOTE TO RATIFY BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. SUBSEQUENTLY, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT, AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSIONS BY THE ETHICS COMMITTEE AND BOARD OF DIRECTORS REGARDING THE MATTER, AS WELL AS FROM ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 IN 2019, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") UTILIZED AN OUTSIDE HUMAN RESOURCES/COMPENSATION CONSULTANT TO DO A FULL REVIEW OF SALARIES AND PROVIDE FEEDBACK RELATING TO THEIR APPROPRIATENESS RELATIVE TO OUR PARTICULAR MARKET. THIS CONSULTANT ALSO REVIEWED THE SALARIES OF THE PRESIDENT, VICE PRESIDENTS, OTHER OFFICERS AND MOST EMPLOYEES TO ENSURE THAT THEY WERE WITHIN LEVELS CONSISTENT WITH THE MARKET. THE HR DEPARTMENT CONFERS WITH A COMPENSATION CONSULTANT ANNUALLY TO DISCUSS SALARY RANGES AND ANY CHANGES THAT MAY BE NECESSARY DUE TO INFLATION OR THE CREATION OF A NEW POSITION. THE COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES ANNUALLY TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMPENSATION COMMITTEE THEN MEETS WITH THE BOARD IN AN EXECUTIVE SESSION, AND THEIR DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PROVISION FOR UNCOLLECTIBLE PLEDGES 3,911,253. UBI FROM PARTNERSHIP INVESTMENTS 615,724. LGL REAL ESTATE FOUNDATION LLC 698 MILLS ROAD WEST POINT NY 10996 134265639 REAL ESTATE HOLDING DE 0 345790 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WEST POINT ATHLETICS LLC 698 MILLS ROAD WEST POINT NY 10996 320434673 PROGRAM DESIGN & DEVELOPMENT NY 0 459090 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY MORAL FIGHTING FORCE LLC 4470 W SUNSET BOULEVARD STE 410 LOS ANGELES CA 90027 REAL ESTATE HOLDING CA 0 0 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WPAOG-HVP LLC 698 MILLS ROAD WEST POINT NY 10996 881599703 YOUTH PROGRAMS NY 0 45851 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY