2022-04-13T19:11:45-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2021-01-01 521681375 BOARDSOURCE BOAR 2023492500 750 9TH STREET NW 520 WASHINGTON DC 200014590 ANNE WALLESTAD PRESIDENT & CEO 2023492500 2022-04-13 1 ANNE WALLESTAD 999009999 J ANDREW SMITH P00635175 5712279500 2022-04-13 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z ANNE WALLESTAD 750 9TH STREET NW 520 WASHINGTON DC 200014590 9620514 0 X WWW.BOARDSOURCE.ORG X 1990 DC TO INSPIRE AND SUPPORT NONPROFIT BOARDS AND EXECUTIVES TO LEAD JUSTLY AND WITH PURPOSE. 9 9 20 11 0 0 721118 6545137 2488986 2529182 -45307 71413 553192 279386 3717989 9425118 0 0 0 0 2144613 1692273 47088 0 155075 2581233 1370321 4772934 3062594 -1054945 6362524 4361260 10359989 2236673 1631202 2124587 8728787 X TO INSPIRE AND SUPPORT NONPROFIT BOARDS AND EXECUTIVES TO LEAD JUSTLY AND WITH PURPOSE. BOARDSOURCE ENVISIONS A FUTURE WHERE THE NONPROFIT COMMUNITY HAS THE LEADERSHIP TO FULFILL ITS PURPOSE AND CREATE A WORLD WHERE ALL CAN THRIVE. 0 0 744950 1539698 EDUCATIONAL PROGRAMS FOR MEMBERSBOARDSOURCE SUPPORTS THE TECHNICAL SUPPORT AND EDUCATIONAL NEEDS OF NONPROFIT LEADERS, BOARDS, AND ORGANIZATIONS THROUGH A SET OF MEMBERSHIP PROGRAMS DESIGNED FOR NONPROFIT ORGANIZATIONS AND INDIVIDUAL LEADERS (INCLUDING PROGRAMS WITH GROUP ACCESS TO INDIVIDUAL MEMBERSHIP SUPPORT FOR FOUNDATIONS, FEDERATED NETWORKS, AND CORPORATIONS). THESE PROGRAMS PROVIDE OPEN ACCESS TO BOARDSOURCE'S ONLINE LIBRARY OF BOARD LEADERSHIP AND GOVERNANCE RESOURCES, AS WELL AS TECHNICAL ASSISTANCE FROM AN ON-STAFF GOVERNANCE SPECIALIST. BOARDSOURCE ALSO OFFERS THE BOARD SUPPORT PROGRAM, WHICH PROVIDES MORE IN-DEPTH SUPPORT FOR NONPROFIT BOARDS INCLUDING AN ANNUAL BOARD SELF-ASSESSMENT AND A BOARD ORIENTATION CERTIFICATE PROGRAM. AT THE END OF 2021, THERE WERE 437 MEMBER ORGANIZATIONS IN THE BOARD SUPPORT PROGRAM, 73 FEDERATED MEMBERS, 29 CORPORATE MEMBERS, 13 FOUNDATION MEMBERS, AND 2030 INDIVIDUAL LEADERS PARTICIPATING ACROSS ALL MEMBERSHIP PROGRAMS. 428515 803529 ASSESSMENT AND CONSULTING SERVICESBOARDSOURCE'S ASSESSMENT & CONSULTING SERVICES HELP ORGANIZATIONS IDENTIFY CORE ISSUES IN THEIR BOARD PERFORMANCE AND DEVELOPMENT. IN 2021, BOARDSOURCE CONDUCTED APPROXIMATELY 335 BOARD ASSESSMENTS AND 175 CHIEF EXECUTIVE ASSESSMENTS. IN MID-2020, OUR CONSULTING PROGRAM WAS PHASED OUT AND CONVERTED TO A REFERRAL PROGRAM; 2021 CONSULTING REVENUES AND EXPENSES RELATE TO THE EXECUTION OF CONSULTING ENGAGEMENTS PRIOR TO THIS CHANGE IN PROGRAM MODEL. 792414 SECTOR LEADERSHIP INITIATIVES BOARDSOURCE'S RESEARCH AND LEADERSHIP CALLS ATTENTION TO THE IMPORTANCE OF STRONG BOARDS, CREATING AWARENESS AND ACTION AROUND CHALLENGES FACING NONPROFIT LEADERS AND IDENTIFYING OPPORTUNITIES TO UNLEASH GREATER IMPACT FOR THE SECTOR AS A WHOLE. BOARDSOURCE'S LEADERSHIP ALSO FOCUSES ON IDENTIFYING AND INTERPRETING TRENDS IMPACTING NONPROFIT LEADERSHIP PERFORMANCE AND EFFECTIVENESS AND GENERATING EVIDENCE-BASED RECOMMENDATIONS FOR BOARD PRACTICE. OF PARTICULAR IMPORTANCE IS BOARDSOURCE'S WORK TO UNDERSTAND AND ADDRESS THE LACK OF RACIAL AND ETHNIC DIVERSITY ON NONPROFIT BOARDS, WHICH WE BELIEVE IS ESSENTIAL TO THE SOCIAL SECTOR'S ABILITY TO ADVANCE THE PUBLIC GOOD AND CREATE A MORE JUST AND EQUITABLE SOCIETY. 174783 185955 PROFESSIONAL DEVELOPMENT PROGRAMSBOARDSOURCE'S PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE LEADERSHIP DEVELOPMENT AND LEARNING PROGRAMMING FOR CONSULTANTS TO BOARDS. BOARDSOURCE'S PROFESSIONAL DEVELOPMENT PROGRAMS FOR CONSULTANTS REACHED MORE THAN 130 INDIVIDUALS IN 2021. 75040 204346 EDUCATIONAL RESOURCESBOARDSOURCE'S LIBRARY OF NONPROFIT BOARD LEADERSHIP RESOURCES INCLUDES PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2021 ALONE, MORE THAN 464,000 INDIVIDUALS ACCESSED INFORMATION ON BOARDSOURCE.ORG AND MORE THAN 55,000 WRITTEN RESOURCES WERE DOWNLOADED BY NONPROFIT LEADERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. 249823 390301 2215702 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 20 1 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X JOAN PAYNE 2023492500 750 9TH STREET NW SUITE 520 WASHINGTON DC 20001 ANNE WALLESTAD PRESIDENT & CEO 40.00 X 293914 0 20233 JAMES TAYLOR VP, LEADERSHIP INITIATIVES 40.00 X 158176 0 20113 JUDY RECKELHOFF CHIEF OF STAFF 40.00 X 136685 0 13051 ANDREW DAVIS ASSOCIATE VP, MEMBER EDU. & OUTREACH 40.00 X 132185 0 11977 TAKITA BATTLE DIR. OF CORP. & FED. PARTNERSHIPS 40.00 X 109793 0 13408 JOAN PAYNE VP, FINANCE 25.00 X 104498 0 4180 WILSON JULIA BOARD CHAIR 3.00 X X 0 0 0 SHAMLEY MARK VICE CHAIR 3.00 X X 0 0 0 LIEDERMAN KEITH TREASURER 3.00 X X 0 0 0 GOSS CAROL SECRETARY 3.00 X X 0 0 0 WEST-SCANTLEBURY SHERECE BOARD MEMBER 2.00 X 0 0 0 TAKAGI GENE BOARD MEMBER 2.00 X 0 0 0 WALKER KEVIN BOARD MEMBER 4.00 X 0 0 0 VREDENBURGH JUDY BOARD MEMBER 2.00 X 0 0 0 FREEMAN TERRI LEE BOARD MEMBER 3.00 X 0 0 0 TROWER CATHY BOARD MEMBER (UNTIL 3/21) 2.00 X 0 0 0 MOYERS RICK BOARD MEMBER (UNTIL 10/21) 3.00 X 0 0 0 935251 0 82962 6 0 1 0 MEDIA CAUSE INC PO BOX 190432 SAN FRANCISCO CA 94119 MARKETING SERVICES 134880 1 557222 5987915 6545137 MEMBERSHIP DUES 900099 1539698 1539698 ASSESSMENTS 900099 709091 709091 PROF. DEV. PROGRAMS 900099 185955 185955 CONSULTING 900099 94438 94438 2529182 65812 65812 75040 75040 163705 158104 5601 5601 5601 241638 37292 204346 204346 9425118 2733528 0 146453 X 422825 203278 179735 39812 1029532 799907 186363 43262 37960 29735 6659 1566 76616 54054 18840 3722 125340 86948 31324 7068 51096 51096 26990 26990 422216 389780 14410 18026 7759 6196 1244 319 34992 34043 -805 1754 127278 101631 20406 5241 7639 7639 313323 217642 78146 17535 1939 1548 311 80 4347 4347 472 376 76 20 92630 64344 23102 5184 40456 32304 6486 1666 SITE LICENSES & REGISTR 135407 108122 21710 5575 STAFF DEVELOPMENT 50791 35234 12693 2864 DUES & SUBSCRIPTIONS 29503 23558 4730 1215 SHIPPING/POSTAGE/PRINTI 20269 20089 147 33 3214 2566 515 133 3062594 2215702 691817 155075 330 330 297460 5783922 5000 407000 42387 68065 144902 144633 217658 249379 668693 468476 292847 200217 3360676 3506443 4361260 10359989 412539 339014 1110070 1106489 714064 185699 2236673 1631202 X 1663758 8277092 460829 451695 2124587 8728787 4361260 10359989 6362524 241676 0 X 0 1 X 1 0 X 1415071 2956421 533082 721118 6545137 12170829 1415071 2956421 533082 721118 6545137 12170829 1688610 10482219 424324 459544 432717 398862 140852 1856299 143 143 9242 3966 2233 4263 19704 14046975 18440643 0.74620 0.47580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 276 276 3062318 3062594 303130 75783 0 0 461961 6345842 388647 303130 7499580 11249370 6440 4911 210 276 11837 115490 116885 97162 75783 405320 607980 4141 4911 210 276 9538 343622 19276 362898 330198 13424 343622 298280 31918 330198 309515 -11235 298280 325011 25411 40907 309515 0.08000 0.92000 0 0 653750 459510 194240 14943 8966 5977 200217 DEFFERED RENT 185699 185699 X 9814925 241676 110839 352515 9462410 -37292 -37292 9425118 3210725 110839 37292 148131 3062594 0 3062594 PART V, LINE 4: THE JUDITH O'CONNOR MEMORIAL FUND: AN ENDOWMENT THAT GENERATES EARNINGS TO SUPPORT A LECTURESHIP WHICH WILL HONOR OUTSTANDING LEADERS AND THINKERS IN THE NONPROFIT SECTOR FOR THEIR ACHIEVEMENTS IN NONPROFIT LEADERSHIP OR THEIR CONTRIBUTION TO THE FIELD OF NONPROFIT GOVERNANCE, AND SCHOLARSHIPS TO ATTEND THE BOARDSOURCE LEADERSHIP FORUM. PART X, LINE 2: BOARDSOURCE IS EXEMPT FROM FEDERAL TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A SECTION 501(A) ORGANIZATION. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT BOARDSOURCE IS A PUBLICLY SUPPORTED ORGANIZATION. BOARDSOURCE'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. BOARDSOURCE IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -37,292. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 37,292. X X X X X 0 0 0 0 0 0 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 276414 0 17500 0 0 0 11494 0 8739 0 314147 0 0 0 JAMES TAYLOR VP, LEADERSHIP INITIATIVES 153176 0 5000 0 0 0 6549 0 13564 0 178289 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS ANNUALLY AND REPORTS TO THE FULL BOARD OF DIRECTORS. IF A CONFLICT IS DISCLOSED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF DIRECTORS FOR ANY REQUIRED BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE PRESIDENT & CEO, A COMPENSATION ANALYSIS IS COMPLETED. IN 2021, THIS ANALYSIS WAS COMPILED BY AN EXTERNAL HR FIRM, NONPROFIT HR, USING COMPARABLE SALARY DATA FROM THREE SALARY SURVEYS. ADDITIONALLY, COMPARABLE ORGANIZATION SALARY AND BENEFIT INFORMATION IS COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE VICE CHAIR, WHO CHAIRS THE COMPENSATION AND EVALUATION COMMITTEE, AS WELL AS THE COMPENSATION AND EVALUATION COMMITTEE. THEY PROVIDE ANY RECOMMENDATIONS TO THE FULL BOARD ON A SALARY INCREASE FOR THE PRESIDENT & CEO. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASE IN COMPENSATION FOR THIS POSITION REQUIRES APPROVAL OF THE BOARD. ANY INCREASES IN COMPENSATION FOR OFFICERS & KEY EMPLOYEES REQUIRES APPROVAL OF THE BOARD. ALTHOUGH MS. PAYNE IS TREATED AS AN OFFICER FOR PURPOSES OF THE 990 AS THE TOP FINANCIAL OFFICIAL, SHE IS NOT A LEGAL OFFICER OF THE CORPORATION AND THEREFORE HER COMPENSATION IS NOT SUBJECT TO BOARD APPROVAL, BUT IS REVIEWED AND APPROVED BY THE CEO IN A MANNER THAT IS CONSISTENT WITH THE REST OF THE STAFF. THE LAST TIME THAT BOARDSOURCE HAD EMPLOYEES OTHER THAN THE CEO WHO WERE CLASSIFIED AS OFFICERS OR KEY EMPLOYEES AND WHO RECEIVED A COMPENSATION ADJUSTMENT WAS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 PAST 5 YEARS AUDITS ARE AVAILABLE ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DELIVERY SERVICES: PROGRAM SERVICE EXPENSES 34,559. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,559. CREDIT CARD PROCESSING FEES: PROGRAM SERVICE EXPENSES 48,706. MANAGEMENT AND GENERAL EXPENSES 2,929. FUNDRAISING EXPENSES 657. TOTAL EXPENSES 52,292. OUTSOURCED PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 190,045. MANAGEMENT AND GENERAL EXPENSES 11,481. FUNDRAISING EXPENSES 17,369. TOTAL EXPENSES 218,895. CONSULTANTS: PROGRAM SERVICE EXPENSES 116,470. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 116,470.