FINANCIAL ACCOUNTING FOUNDATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL ACCOUNTING FOUNDATION (EIN 23-7211935)
- Tax period
- 2021-01-01 to 2021-12-31
- Filed
- 2022-05-11
- IRS object ID
- 202201319349303370
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-11T12:11:59-05:00 | ReturnTs |
| Tax Period End | 2021-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1861 INTERNATIONAL DRIVE SUITE 400 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237211935 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL ACCOUNTING FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | FINA | BusinessNameControlTxt |
| Phone | 2038470700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1Txt |
| City | NORWALK | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06856 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN W AUCHINCLOSS | PersonNm |
| Person Title | EXECUTIVE DIRECTOR | PersonTitleTxt |
| Phone | 2038470700 | PhoneNum |
| Signature | 2022-05-09 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | JOHN | PersonFirstNm |
| Person Last | AUCHINCLOSS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | YONG ZHANG CPA | PreparerPersonNm |
| PTIN | P01249785 | PTIN |
| Phone | 7033366400 | PhoneNum |
| Preparation | 2022-05-09 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JOHN W AUCHINCLOSS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1Txt |
| City | NORWALK | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06856 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $61,854,759 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | ACCOUNTINGFOUNDATION.ORG,FASB.ORG,GASB.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1972 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION RESPONSIBLE FOR THE OVERSIGHT, ADMINISTRATION, FINANCING AND APPOINTMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS. | ActivityOrMissionDesc |
| Voting Members Governing Body | 17 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 17 | VotingMembersIndependentCnt |
| Total Employee | 174 | TotalEmployeeCnt |
| Total Volunteers | 175 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $921,913 | PYInvestmentIncomeAmt |
| CY Investment Income | $696,866 | CYInvestmentIncomeAmt |
| PY Other Revenue | $59,741,029 | PYOtherRevenueAmt |
| CY Other Revenue | $60,953,615 | CYOtherRevenueAmt |
| PY Total Revenue | $60,662,942 | PYTotalRevenueAmt |
| CY Total Revenue | $61,650,481 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $42,533,787 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $43,967,532 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $13,408,519 | PYOtherExpensesAmt |
| CY Other Expenses | $12,690,231 | CYOtherExpensesAmt |
| PY Total Expenses | $55,942,306 | PYTotalExpensesAmt |
| CY Total Expenses | $56,657,763 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $4,720,636 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,992,718 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $98,368,319 | TotalAssetsBOYAmt |
| Total Assets EOY | $105,965,089 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $18,567,671 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $22,319,318 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $79,800,648 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $83,645,771 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $30,329,438 | ExpenseAmt |
| Revenue | $31,438,822 | RevenueAmt |
| Desc | FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC)ESTABLISHED IN 1973, THE FASB IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION, BASED IN NORWALK, CONNECTICUT, THAT ESTABLISHES FINANCIAL ACCOUNTING AND REPORTING STANDARDS FOR PUBLIC AND PRIVATE COMPANIES AND NOT-FOR-PROFIT ORGANIZATIONS THAT FOLLOW GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). THE FASB IS RECOGNIZED BY THE SECURITIES AND EXCHANGE COMMISSION AS THE DESIGNATED ACCOUNTING STANDARD SETTER FOR PUBLIC COMPANIES. FASB STANDARDS ARE RECOGNIZED AS AUTHORITATIVE BY MANY OTHER ORGANIZATIONS, INCLUDING STATE BOARDS OF ACCOUNTANCY AND THE AMERICAN INSTITUTE OF CPAS (AICPA). THE FASB DEVELOPS AND ISSUES FINANCIAL ACCOUNTING STANDARDS THROUGH A TRANSPARENT AND INCLUSIVE PROCESS INTENDED TO PROMOTE FINANCIAL REPORTING THAT PROVIDES USEFUL INFORMATION TO INVESTORS AND OTHERS WHO USE FINANCIAL REPORTS. THE FINANCIAL ACCOUNTING FOUNDATION (FAF) SUPPORTS AND OVERSEES THE FASB. THE FOLLOWING ARE SOME SPECIFIC ACCOMPLISHMENTS AND INITIATIVES IN 2021 RELATED TO THESE AGENDA ITEMS AND IMPROVING GAAP IN GENERAL. HOWEVER, FOR A COMPLETE AND DETAILED PICTURE OF THE WORK OF THE FASB, CURRENT AND COMPLETED PROJECTS, TIMETABLES AND OTHER INFORMATION, PLEASE VISIT FASB.ORG. IN ADDITION, THE FAF ANNUAL REPORT PROVIDES A HIGHLIGHT OF FASB'S 2021 ACCOMPLISHMENTS AND CAN BE FOUND AT ACCOUNTINGFOUNDATION.ORG.THE FASB COMPLETED A VARIETY OF PROJECTS TO IMPROVE ASPECTS OF GAAP, ISSUING 10 FINAL ACCOUNTING STANDARDS UPDATES (ASUS) IN 2021, INCLUDING ONE FOR THE PPRIVATE COMPANY COUNCIL (PCC) CONSENSUS DESCRIBED BELOW. AMONG THE MOST SIGNIFICANT OF THESE WERE: AN ASU THAT CHANGED THE ELECTION OF THE RISK-FREE RATE ALTERNATIVE FOR LEASES FOR PRIVATE COMPANIES AND NOT-FOR-PROFIT ENTITIES TO BE BY CLASS OF UNDERLYING ASSET; AN ASU THAT REQUIRED DISCLOSURES BY BUSINESS ENTITIES FOR VARIOUS GOVERNMENT GRANTS; AND AN ASU THAT PROVIDED AN ALTERNATIVE FOR PRIVATE COMPANIES AND NOT-FOR-PROFIT ENTITIES TO DO THEIR TRIGGER-BASED IMPAIRMENT TESTING OF GOODWILL AT THE END OF A REPORTING PERIOD. THE FASB ALSO ISSUED SIX PROPOSED ASUS. THE MORE SIGNIFICANT PROPOSALS RELATED TO: TROUBLED DEBT RESTRUCTURINGS AND VINTAGE LOAN DISCLOSURES; FAIR VALUE HEDGING; AND SUPPLIER FINANCE PROGRAM OBLIGATIONS. FINALLY, THE FASB ISSUED AN INVITATION TO COMMENT TO SEEK PUBLIC INPUT ON THE FASB'S FUTURE AGENDA.THE PCC CONTINUED ITS WORK WITH IMPROVEMENTS THAT ADDRESS THE NEEDS OF PRIVATE COMPANY USERS OF FINANCIAL STATEMENTS IN THE STANDARDS DEVELOPMENT PROCESS. THEY REACHED A CONSENSUS ON A PRACTICAL EXPEDIENT FOR PRIVATE COMPANIES IN DETERMINING THE CURRENT PRICE OF AN UNDERLYING SHARE FOR EQUITY-CLASSIFIED SHARE-BASED AWARDS. THE CONSENSUS WAS ENDORSED BY THE FASB, WHICH ISSUED AN ASU. THE PCC WAS ALSO INSTRUMENTAL IN ADVISING THE FASB ON A NUMBER OF OTHER ASUS. THE FASB CONTINUED WITH THE CONTINUED DEVELOPMENT OF THE GAAP FINANCIAL REPORTING TAXONOMY (TAXONOMY) FOR EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL). DESPITE THE ONGOING CHALLENGES RELATED TO THE COVID-19 PANDEMIC, OUTREACH AND OTHER STAKEHOLDER COMMUNICATIONS CONTINUED TO BE EXTENSIVE WITH NUMEROUS VIRTUAL MEETINGS WITH LIAISON GROUPS, REPRESENTATIVES OF USERS, PREPARERS, AND AUDITORS, AND OTHER STAKEHOLDERS. OUTREACH ACTIVITIES ALSO INCLUDES VARIOUS COMMUNICATIONS, EDUCATIONAL MATERIALS AND OTHER ACTIVITIES INCLUDING: - FASB MEMBERS AND STAFF DELIVERED SPEECHES AT 100 DIFFERENT CONFERENCES DURING THE YEAR -54 PRESS RELEASES, MEDIA ADVISORIES AND TWEETS WERE SENT ON A VARIETY OF FASB STANDARD SETTING ACTIVITIES - 24 EDUCATIONAL WEBCASTS AND VIDEOS WERE PROVIDED- 22 MEETINGS WITH NATIONAL AND INTERNATIONAL STANDARD SETTERS THE FASAC, WHICH COMPRISES 35 VOLUNTEER MEMBERS (WITH THE EXCEPTION OF ITS CHAIR, WHO IS COMPENSATED), REPRESENT A BROAD CROSS-SECTION OF THE FASB'S STAKEHOLDERS, MET FOUR TIMES IN 2021. THE PRIMARY FUNCTION OF FASAC IS TO ADVISE THE FASB ON ISSUES RELATED TO PROJECTS ON THE FASB'S AGENDA, POSSIBLE NEW AGENDA ITEMS, PROJECT PRIORITIES, PROCEDURAL MATTERS THAT MAY REQUIRE THE ATTENTION OF THE FASB, AND OTHER MATTERS AS REQUESTED.FASB'S OTHER ADVISORY GROUPS, INCLUDING THE INVESTOR ADVISORY COMMITTEE, THE NOT-FOR-PROFIT ADVISORY COMMITTEE, AND THE SMALL BUSINESS ADVISORY COMMITTEE, AND THE EMERGING ISSUES TASK FORCE ALL HELD MEETINGS IN 2021 TO SUPPORT THE EFFORTS OF THE FASB. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $9,101,277 | ExpenseAmt |
| Revenue | $10,707,300 | RevenueAmt |
| Desc | GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC)ESTABLISHED IN 1984, THE GASB IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION, BASED IN NORWALK, CONNECTICUT, THAT ESTABLISHES FINANCIAL ACCOUNTING AND REPORTING STANDARDS FOR U.S. STATE AND LOCAL GOVERNMENTS THAT FOLLOW GAAP. THESE STANDARDS ARE RECOGNIZED AS AUTHORITATIVE BY STATE AND LOCAL GOVERNMENTS; STATE BOARDS OF ACCOUNTANCY; AND THE AMERICAN INSTITUTE OF CPAS (AICPA). THE GASB DEVELOPS AND ISSUES FINANCIAL ACCOUNTING STANDARDS THROUGH A TRANSPARENT AND INCLUSIVE PROCESS INTENDED TO PROMOTE FINANCIAL REPORTING THAT PROVIDES USEFUL INFORMATION TO TAXPAYERS, PUBLIC OFFICIALS, INVESTORS, AND OTHERS WHO USE FINANCIAL REPORTS. THE FINANCIAL ACCOUNTING FOUNDATION (FAF) SUPPORTS AND OVERSEES THE GASB. WHETHER SETTING NEW STANDARDS, IMPROVING EXISTING ONES, OR HELPING CONSTITUENTS TO IMPLEMENT AND UNDERSTAND THOSE STANDARDS, GASB'S AIM IS TO PROMOTE GREATER TRANSPARENCY, TO SUPPORT WELL-INFORMED DECISION MAKING, AND TO HELP USERS ASSESS A GOVERNMENT'S FINANCIAL ACCOUNTABILITY. FOR A COMPLETE AND DETAILED PICTURE OF THE WORK OF THE GASB, CURRENT AND COMPLETED PROJECTS, TIMETABLES AND OTHER INFORMATION, PLEASE VISIT GASB.ORG. IN ADDITION, THE FAF ANNUAL REPORT PROVIDES A DETAILED TIMETABLE OF GASB'S 2021 ACCOMPLISHMENTS AND CAN BE FOUND AT ACCOUNTINGFOUNDATION.ORG. BELOW ARE SOME OF THE KEY HIGHLIGHTS IN 2021. IN 2021, GASB ISSUED ONE FINAL STATEMENT (STATEMENT NO. 98, THE ANNUAL COMPREHENSIVE FINANCIAL REPORT), ONE FINAL IMPLEMENTATION GUIDE, AND FOUR EXPOSURE DRAFTS.WHILE THE MAJORITY OF ITS TIME IS DEVOTED TO DEVELOPING ACCOUNTING AND FINANCIAL REPORTING STANDARDS, THE GASB STAFF ALSO HELPS STAKEHOLDERS UNDERSTAND AND IMPLEMENT STANDARDS BY PROVIDING THEM WITH DIRECT ASSISTANCE ADDRESSING THEIR SPECIFIC FACTS AND CIRCUMSTANCES. OUTREACH AND OTHER STAKEHOLDER COMMUNICATIONS CONTINUED TO BE EXTENSIVE WITH NUMEROUS MEETINGS WITH LIAISON GROUPS AND INTERACTIONS WITH REPRESENTATIVES OF GASB'S THREE PRIMARY STAKEHOLDER GROUPS (USERS, PREPARERS, AND AUDITORS). DESPITE THE ONGOING CHALLENGES RELATED TO THE COVID-19 PANDEMIC, GASB MEMBERS AND STAFF DELIVERED VIRTUAL SPEECHES AT 100 DIFFERENT CONFERENCES DURING THE YEAR. THE GASB ISSUED 8 PRESS RELEASES AND MEDIA ADVISORIES DURING THE YEAR. IN ADDITION, TWEETS WERE SENT ON A VARIETY OF GASB STANDARD SETTING ACTIVITIES AND THE GASB OFFERED 10 EDUCATIONAL WEBCASTS AND VIDEOS. THE THIRTY-ONE MEMBER GASAC IS AN ORGANIZATION OF KNOWLEDGEABLE AND EXPERIENCED PROFESSIONALS REPRESENTING THE GASB'S VARIED STAKEHOLDERS WHO VOLUNTEER THEIR SERVICES TO WORK WITH THE GASB IN AN ADVISORY CAPACITY TO ENHANCE THE STANDARD SETTING PROCESS BY CONSULTING WITH THE GASB ON TECHNICAL ISSUES, PROJECT PRIORITIES, AND OTHER MATTERS LIKELY TO CONCERN THE GASB. IN 2021, THE GASAC HELD THREE MEETINGS. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $5,020,625 | ExpenseAmt |
| Revenue | $18,802,275 | RevenueAmt |
| Desc | PUBLISHING PUBLISHING REPRESENT THE DISTINCT ACTIVITIES OF PUBLISHING AND DISTRIBUTING THE FASB AND GASB STANDARD-SETTING MATERIALS. THE FAF LICENSES THE CONTENT OF THE FASB ACCOUNTING STANDARDS CODIFICATION (FASB CODIFICATION) TO COMMERCIAL PUBLISHERS AND OTHERS FOR SPECIFIC USES. THE FASB CODIFICATION ALSO IS DIRECTLY ACCESSIBLE THROUGH AN ONLINE PLATFORM AND CAN BE VIEWED EITHER THROUGH A FREE BASIC VIEW OR AS AN ANNUAL PAID SUBSCRIPTION TO THE PROFESSIONAL VIEW THAT PROVIDES ADVANCED FUNCTIONALITY AND NAVIGATION. THE FAF ALSO SELLS A BOUND EDITION OF THE FASB CODIFICATION AND PROVIDES THE FASB SUBSCRIPTION, AN ANNUAL PAID SERVICE THAT INCLUDES THE DISTRIBUTION OF PRINTED COPIES OF FASB ACCOUNTING STANDARDS UPDATES (ASUS) WHEN ISSUED. THE FAF LICENSES GASB MATERIALS TO COMMERCIAL PUBLISHERS AND OTHERS FOR SPECIFIC USES. GASB MATERIALS ARE ALSO DIRECTLY ACCESSIBLE ONLINE THROUGH THE GOVERNMENTAL ACCOUNTING RESEARCH SYSTEM (GARS). GARS ONLINE CAN BE VIEWED EITHER THROUGH A FREE BASIC VIEW OR AS AN ANNUAL PAID SUBSCRIPTION TO THE PROFESSIONAL VIEW THAT PROVIDES ADVANCED FUNCTIONALITY AND NAVIGATION. GASB MATERIALS ALSO INCLUDE THE GASB SUBSCRIPTION, AN ANNUAL PAID SERVICE THAT INCLUDES THE DISTRIBUTION OF PRINTED COPIES OF FINAL DOCUMENTS AS ISSUED. IN ADDITION, THE FAF SELLS BOUND EDITIONS OF THE GASB CODIFICATION, GASB ORIGINAL PRONOUNCEMENTS, AND THE GASB COMPREHENSIVE IMPLEMENTATION GUIDE, AS WELL AS HARD COPIES OF INDIVIDUAL PRONOUNCEMENTS, USER GUIDES, RESEARCH REPORTS, AND OTHER DOCUMENTS.THE FAF CONTINUED ITS MULTI-YEAR CONTENT, VISION, & ENABLEMENT (CVE) INITIATIVE. THE CVE INITIATIVE BEGAN WITH THE OBJECTIVE OF MODERNIZING THE PRODUCTION AND DISTRIBUTION OF FASB AND GASB STANDARDS. THE PROJECT, WHICH IS EXPECTED TO BE COMPLETED IN 2022, HAS THREE COMPONENTS: 1) FINALIZE AND OPERATIONALIZE THE ORGANIZATION'S CONTENT DISTRIBUTION STRATEGY, 2) IMPLEMENT A NEW PUBLISHING PLATFORM, AND 3) ENABLE MORE STREAMLINE BUSINESS PROCESS TO SUPPORT OUR CONTENT CREATION, PRODUCTION, AND DISTRIBUTION. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $44,451,340 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 98 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 174 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 17 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 17 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DE | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | DC | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER SPENCER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2038470700 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1Txt |
| City | NORWALK | CityNm |
| State Abbreviation | CT | StateAbbreviationCd |
| ZIP | 06856 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| KATHLEEN L CASEY | ||||||||
| TRUSTEE | 8.00 | Yes (X) | Yes (X) | $180,000 | $0 | $0 | ||
| MARY E BARTH | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $82,000 | $0 | $0 | |||
| SUSAN JCARTER | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $82,000 | $0 | $0 | |||
| TIMOTHY CHRISTEN | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| ANTHONY J DOWD | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $82,000 | $0 | $0 | |||
| JEFFREY L ESSER | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| T ELOISE FOSTER | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $82,000 | $0 | $0 | |||
| BRUCE T HERRING | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| LYNNETTE KELLY | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| DAVID H LILLARD JR | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| RICHARD N REISIG | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| LAWRENCE SALVA | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $82,000 | $0 | $0 | |||
| SARAH E SMITH | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| SHUNDRAWN A THOMAS | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| DAVID C VILLA | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $8,750 | $0 | $0 | |||
| ROBIN L WASHINGTON | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $70,000 | $0 | $0 | |||
| MICHAEL T ROLLINGS | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| TIMOTHY F RYAN | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN W AUCHINCLOSS | ||||||||
| EXECUTIVE DIRECTOR | 40.00 | Yes (X) | $647,893 | $0 | $81,060 | |||
| MARY P CROTTY | ||||||||
| VP/CHIEF OPERATING OFFICER | 40.00 | Yes (X) | $541,789 | $0 | $71,913 | |||
| STEVEN A HOBBS | ||||||||
| VP-GENERAL COUNSEL | 40.00 | Yes (X) | $472,473 | $0 | $82,015 | |||
| RICHARD R JONES | ||||||||
| CHAIR, FASB | 40.00 | $1,203,025 | $0 | $78,142 | Yes (X) | |||
| JOEL BLACK | ||||||||
| CHAIR, GASB | 40.00 | $772,880 | $0 | $71,190 | Yes (X) | |||
| JAMES L KROEKER | ||||||||
| FASB MEMBER | 40.00 | $1,052,496 | $0 | $61,039 | Yes (X) | |||
| GARY R BUESSER | ||||||||
| FASB MEMBER | 40.00 | $944,405 | $0 | $105,528 | Yes (X) | |||
| MARSHA L HUNT | ||||||||
| FASB MEMBER | 40.00 | $937,834 | $0 | $73,122 | Yes (X) | |||
| CHRISTINE ANN BOTOSAN | ||||||||
| FASB MEMBER | 40.00 | $936,588 | $0 | $100,749 | Yes (X) | |||
| SUSAN M COSPER | ||||||||
| FASB MEMBER | 40.00 | $921,317 | $0 | $86,027 | Yes (X) | |||
| HILLARY SALO | ||||||||
| TECHNICAL DIRECTOR - FASB | 40.00 | $845,377 | $0 | $44,048 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $10,504,827 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $854,833 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 108 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| DELOITTE CONSULTING | |||||
| 1919 N LYNN STREET | ARLINGTON | VA | 22209 | IT CONSULTANT | $4,154,973 |
| OVITAS | |||||
| 60 MALL ROAD | BURLINGTON | MA | 01803 | IT CONSULTANT | $1,207,954 |
| DESROSIER OF GREENWICH | |||||
| 103 MASON STREET | GREENWICH | CT | 06830 | IT CONSULTANT | $694,501 |
| SDL INC | |||||
| 201 EDGEWATER DRIVE SUITE 225 | WAKEFIELD | MA | 01880 | IT SERVICES | $536,600 |
| SSI (US) INC | |||||
| PO BOX 89881 | CHICAGO | IL | 60693 | PLACEMENT FEES | $513,555 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 19 | CntrctRcvdGreaterThan100KCnt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $696,866 | TotalRevenueColumnAmt |
| Exclusion | $696,866 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $5,218 | TotalRevenueColumnAmt |
| Exclusion | $5,218 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $134,944 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $204,278 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$69,334 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$69,334 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| ACCOUNTING SUPPORT FEE | $42,146,122 | $42,146,122 |
| LICENSE FEE AND SUBSCR | $18,865,161 | $18,865,161 |
| OTHER REVENUE | $6,448 | $6,448 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $61,017,731 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $61,650,481 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $60,948,397 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $702,084 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,364,665 | TotalAmt |
| Program Services | $3,392,198 | ProgramServicesAmt |
| Management And General | $2,972,467 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,185,209 | TotalAmt |
| Program Services | $26,562,508 | ProgramServicesAmt |
| Management And General | $3,622,701 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,410,199 | TotalAmt |
| Program Services | $2,126,729 | ProgramServicesAmt |
| Management And General | $283,470 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,385,904 | TotalAmt |
| Program Services | $2,767,393 | ProgramServicesAmt |
| Management And General | $618,511 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,621,555 | TotalAmt |
| Program Services | $1,362,131 | ProgramServicesAmt |
| Management And General | $259,424 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $94,206 | TotalAmt |
| Program Services | $11,676 | ProgramServicesAmt |
| Management And General | $82,530 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $244,056 | TotalAmt |
| Management And General | $244,056 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $260,000 | TotalAmt |
| Program Services | $260,000 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,484,985 | TotalAmt |
| Program Services | $972,732 | ProgramServicesAmt |
| Management And General | $1,512,253 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $762,856 | TotalAmt |
| Program Services | $180,697 | ProgramServicesAmt |
| Management And General | $582,159 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,194,528 | TotalAmt |
| Program Services | $3,756,420 | ProgramServicesAmt |
| Management And General | $438,108 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,160,932 | TotalAmt |
| Program Services | $1,544,642 | ProgramServicesAmt |
| Management And General | $616,290 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $37,079 | TotalAmt |
| Program Services | $23,788 | ProgramServicesAmt |
| Management And General | $13,291 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $269,379 | TotalAmt |
| Program Services | $138,751 | ProgramServicesAmt |
| Management And General | $130,628 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $747,364 | TotalAmt |
| Program Services | $530,718 | ProgramServicesAmt |
| Management And General | $216,646 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $237,627 | TotalAmt |
| Management And General | $237,627 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| SUBSCRIPTIONS AND INFOR | $455,875 | $447,727 | $8,148 |
| PLACEMENT AND RECRUITIN | $303,252 | $298,776 | $4,476 |
| BILLING AND COLLECTION | $239,400 | $239,400 | |
| OTHER EXPENSES | $198,692 | $74,454 | $124,238 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $56,657,763 | TotalAmt |
| Program Services | $44,451,340 | ProgramServicesAmt |
| Management And General | $12,206,423 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,097,462 | BOYAmt |
| EOY | $6,441,193 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,278,136 | BOYAmt |
| EOY | $9,278,774 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,303,055 | BOYAmt |
| EOY | $8,847,781 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,786 | BOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,131,205 | BOYAmt |
| EOY | $931,049 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $28,345,368 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $14,461,820 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,861,820 | BOYAmt |
| EOY | $13,883,548 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $62,594,913 | BOYAmt |
| EOY | $62,501,528 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,167,087 | BOYAmt |
| EOY | $3,271,588 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,921,855 | BOYAmt |
| EOY | $809,628 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,368,319 | BOYAmt |
| EOY | $105,965,089 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,003,890 | BOYAmt |
| EOY | $7,212,328 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,501,456 | BOYAmt |
| EOY | $6,651,559 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,062,325 | BOYAmt |
| EOY | $8,455,431 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,567,671 | BOYAmt |
| EOY | $22,319,318 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,800,648 | BOYAmt |
| EOY | $83,645,771 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $79,800,648 | BOYAmt |
| EOY | $83,645,771 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $98,368,319 | BOYAmt |
| EOY | $105,965,089 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,992,718 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$753,344 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$394,251 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $36,072,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,427,680 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $38,229,577 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $41,354,231 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,146,122 | CurrentTaxYearAmt |
| Total | $195,229,887 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $36,072,277 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $37,427,680 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $38,229,577 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $41,354,231 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $42,146,122 | CurrentTaxYearAmt |
| Total | $195,229,887 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $195,229,887 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $902,483 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,443,095 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,680,262 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $927,946 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $702,084 | CurrentTaxYearAmt |
| Total | $5,655,870 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $200,885,757 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $92,058,740 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.97180 | PublicSupportCY170Pct |
| Public Support PY170 | 0.97020 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule C IRS990ScheduleC
Total Grassroots Lobbying TotalGrassrootsLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Total Direct Lobbying TotalDirectLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $580,000 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $580,000 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $56,864,041 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $57,444,041 | FilingOrganizationsTotalAmt |
Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $1,000,000 | FilingOrganizationsTotalAmt |
Grassroots Nontaxable GrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $250,000 | FilingOrganizationsTotalAmt |
Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $0 | FilingOrganizationsTotalAmt |
Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $1,000,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $1,000,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $1,000,000 | CurrentYearMinus1Amt |
| Current Year | $1,000,000 | CurrentYearAmt |
| Total | $4,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmt |
Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $470,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $590,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $580,000 | CurrentYearMinus1Amt |
| Current Year | $580,000 | CurrentYearAmt |
| Total | $2,220,000 | TotalAmt |
Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | $250,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $250,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $250,000 | CurrentYearMinus1Amt |
| Current Year | $250,000 | CurrentYearAmt |
| Total | $1,000,000 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-A, LINE 1B | FormAndLineReferenceDesc |
| Explanation | LOBBYING COSTS INCLUDES EXPENSES PAID TO CONSULTANTS AND OTHER COSTS TO REGULARLY MONITOR PROPOSED LEGISLATION AND RULEMAKING THAT MAY DIRECTLY OR INDIRECTLY AFFECT FINANCIAL ACCOUNTING AND REPORTING STANDARDS, AND ENGAGE WITH CONGRESSIONAL MEMBERS AND STAFFS, AND OTHERS WITH RESPECT TO SUCH LEGISLATION AND RULEMAKING. DURING 2021, WE ENGAGED IN LOBBYING EFFORTS WITH RESPECT TO: LEGISLATION TO EXEMPT THE FASB'S ACCOUNTING SUPPORT FEES FROM THE FEDERAL BUDGETARY SEQUESTRATION PROCESS; LEGISLATION TO PROVIDE REGULATORY RELIEF TO BANKS RELATING TO THE FASB'S STANDARD ON CURRENT EXPECTED CREDIT LOSSES (CECL); ACCOUNTING ISSUES RELATED TO H.R. 1319 - THE AMERICAN RESCUE PLAN ACT AND THE ACCOUNTING STANDARD-SETTING PROCESS IN GENERAL. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,655,097 | OtherCostOrOtherBasisAmt |
| Depreciation | $5,451,431 | DepreciationAmt |
| Book Value | $203,666 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $10,070,535 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,010,389 | DepreciationAmt |
| Book Value | $1,060,146 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $12,619,736 | OtherCostOrOtherBasisAmt |
| Book Value | $12,619,736 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,883,548 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED PAYROLL AND RELATED BENEFITS | $1,532,382 |
| OPERATING LEASE LIABILITY | $1,211,463 |
| ACCRUED PENSION COSTS | $1,518,504 |
| ACCRUED 457B PLAN COSTS | $3,271,588 |
| ACCRUED POSTRETIREMENT HEALTH CARE COSTS | $921,494 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,455,431 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $61,293,415 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$753,344 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $192,000 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | $204,278 | OtherRevenueAmt |
| Revenue Not Reported | -$357,066 | RevenueNotReportedAmt |
| Revenue Subtotal | $61,650,481 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $61,650,481 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $57,054,041 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $192,000 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $204,278 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $396,278 | ExpensesNotReportedAmt |
| Expenses Subtotal | $56,657,763 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $56,657,763 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS REVIEWED TAX POSITIONS FOR OPEN TAX YEARS AND DETERMINED THAT A PROVISION FOR UNCERTAIN TAX POSITIONS IS NOT REQUIRED. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | PUBLISHING COST OF GOODS SOLD 204,278. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | PUBLISHING COST OF GOODS SOLD 204,278. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| KATHLEEN L CASEY | ||||||||||||||
| TRUSTEE | $180,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $180,000 | $0 | $0 | $0 |
| JOHN W AUCHINCLOSS | ||||||||||||||
| EXECUTIVE DIRECTOR | $546,150 | $0 | $52,573 | $0 | $49,170 | $0 | $37,411 | $0 | $43,649 | $0 | $728,953 | $0 | $0 | $0 |
| MARY P CROTTY | ||||||||||||||
| VP/CHIEF OPERATING OFFICER | $462,548 | $0 | $43,300 | $0 | $35,941 | $0 | $36,649 | $0 | $35,264 | $0 | $613,702 | $0 | $0 | $0 |
| STEVEN A HOBBS | ||||||||||||||
| VP-GENERAL COUNSEL | $420,601 | $0 | $22,800 | $0 | $29,072 | $0 | $37,243 | $0 | $44,772 | $0 | $554,488 | $0 | $0 | $0 |
| RICHARD R JONES | ||||||||||||||
| CHAIR, FASB | $1,036,056 | $0 | $0 | $0 | $166,969 | $0 | $33,326 | $0 | $44,816 | $0 | $1,281,167 | $0 | $0 | $0 |
| JOEL BLACK | ||||||||||||||
| CHAIR, GASB | $641,062 | $0 | $0 | $0 | $131,818 | $0 | $30,426 | $0 | $40,764 | $0 | $844,070 | $0 | $0 | $0 |
| JAMES L KROEKER | ||||||||||||||
| FASB MEMBER | $927,500 | $0 | $0 | $0 | $124,996 | $0 | $31,006 | $0 | $30,033 | $0 | $1,113,535 | $0 | $0 | $0 |
| GARY R BUESSER | ||||||||||||||
| FASB MEMBER | $818,851 | $0 | $0 | $0 | $125,554 | $0 | $37,386 | $0 | $68,142 | $0 | $1,049,933 | $0 | $0 | $0 |
| MARSHA L HUNT | ||||||||||||||
| FASB MEMBER | $824,155 | $0 | $0 | $0 | $113,679 | $0 | $34,486 | $0 | $38,636 | $0 | $1,010,956 | $0 | $0 | $0 |
| CHRISTINE ANN BOTOSAN | ||||||||||||||
| FASB MEMBER | $821,601 | $0 | $0 | $0 | $114,987 | $0 | $35,066 | $0 | $65,683 | $0 | $1,037,337 | $0 | $0 | $0 |
| SUSAN M COSPER | ||||||||||||||
| FASB MEMBER | $822,248 | $0 | $0 | $0 | $99,069 | $0 | $31,006 | $0 | $55,021 | $0 | $1,007,344 | $0 | $0 | $0 |
| HILLARY SALO | ||||||||||||||
| TECHNICAL DIRECTOR - FASB | $746,495 | $0 | $30,000 | $0 | $68,882 | $0 | $26,076 | $0 | $17,972 | $0 | $889,425 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | GROSS-UP PAYMENTS ARE PROVIDED RELATIVE TO CERTAIN RETIREMENT PLAN PAYMENTS. SUCH PAYMENTS ARE TREATED AS TAXABLE COMPENSATION. ALL EMPLOYEES ARE ELIGIBLE FOR REIMBURSEMENT FOR A PORTION OF HEALTH CLUB DUES AT SELECTED FACILITIES, WHICH ARE INCLUDED AS COMPENSATION. THE ORGANIZATION REIMBURSES FOR FITNESS MEMBERSHIP UP TO AN ANNUAL MAXIMUM, OF WHICH ALL EMPLOYEES ARE ELIGIBLE TO PARTICIPATE. |
| PART I, LINE 4B | THE FAF PROVIDES ADDITIONAL DEFINED CONTRIBUTIONS TO PARTICIPANTS WHOSE ANNUAL COMPENSATION IS IN EXCESS OF THE IRC COMPENSATION LIMIT, FIRST TO A 457(B) DEFERRED COMPENSATION PLAN, AND IF THAT LIMIT IS REACHED DURING A CALENDAR YEAR, THEN CASH PAYMENTS (INCLUDING TAX GROSS-UPS) ARE MADE TO ELIGIBLE PARTICIPANTS. THE FOLLOWING COVERED INDIVIDUALS PARTICIPATED IN THE FOUNDATION'S OTHER SUPPLEMENTAL PROGRAMS IN 2021 AND RECEIVED AND/OR WERE DEEMED TO HAVE RECEIVED THE FOLLOWING AMOUNTS: JOEL BLACK - $49,866 GARY BUESSER - $117,662 MARY CROTTY - $28,849 MARSHA HUNT - $108,132 STEVEN HOBBS - $21,528 RICHARD JONES - $161,423 CHRISTINE BOTOSAN - $109,369 JAMES KROEKER - $121,344 JOHN AUCHINCLOSS - $41,278 SUSAN COSPER - $95,564 HILLARY SALO - $66,895 |
| PART I, LINE 7 | THE AMOUNTS SHOW ON PART II, COLUMN B (II) FOR THOSE EMPLOYEES WERE PAID AND AWARDED BASED ON PERFORMANCE PURSUANT TO AN INCENTIVE COMPENSATION PROGRAM APPROVED BY THE FAF BOARD OF TRUSTEES. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT AND FINANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, A COPY OF THE A FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO IT BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION HAS WRITTEN CONFLICT OF INTEREST POLICIES THAT COVER ALL EMPLOYEES. ALL EMPLOYEES ARE REQUIRED, ON A QUARTERLY BASIS, TO REPORT CERTAIN INTERESTS THAT MIGHT POSE A CONFLICT TO THE FOUNDATION. FAILURE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY CAN RESULT IN SANCTIONS, WHICH MAY INCLUDE TERMINATION. IN ADDITION, THE FOUNDATION ALSO HAS ADOPTED A TRUSTEE CODE OF CONDUCT, WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS, AND REQUIRES EACH TRUSTEE TO CERTIFY COMPLIANCE ANNUALLY. THE FAF ALSO MAINTAINS AN OMBUDS POLICY THAT ENABLES EMPLOYEES AND TRUSTEES TO REPORT VIOLATIONS OF LAW OR FOUNDATION POLICIES, EITHER ON A DISCLOSED OR ON AN ANONYMOUS BASIS. EACH EMPLOYEE, AND EACH TRUSTEE, HAS AN AFFIRMATIVE DUTY TO REPORT PROMPTLY VIOLATIONS OF LAW OR FOUNDATION POLICIES. PERSONS REPORTING IN GOOD FAITH PURSUANT TO THE OMBUDS POLICY ARE PROTECTED FROM EMPLOYMENT RETALIATION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE ANNUALLY OF THE EXECUTIVE DIRECTOR AND FASB AND GASB MEMBERS AND FOR MAKING COMPENSATION RECOMMENDATIONS ANNUALLY TO THE FAF BOARD OF TRUSTEES FOR THE FAF EXECUTIVE DIRECTOR, FASB AND GASB MEMBERS, THE FAF CHAIR AND FAF TRUSTEES. THE COMPENSATION COMMITTEE OBTAINS AND RELIES UPON PERIODIC MARKET RESEARCH STUDIES CONDUCTED BY INDEPENDENT COMPENSATION CONSULTANTS AND, IN INTERVENING YEARS, UPDATES TO SUCH STUDIES BASED ON COMPREHENSIVE COMPENSATION COMPARABILITY REPORTS AND PROJECTED MARKET COMPENSATION DATA COLLECTED AND PREPARED BY INDEPENDENT COMPENSATION CONSULTANTS AND THE FAF'S HUMAN RESOURCES DEPARTMENT. THE FAF BOARD OF TRUSTEES, WHICH ALSO IS COMPRISED OF INDEPENDENT TRUSTEES, APPROVES THE COMPENSATION COMMITTEE'S COMPENSATION RECOMMENDATIONS ANNUALLY. ALL VOTES ARE MEMORIALIZED IN MINUTES AND PRESERVED, TOGETHER WITH ALL BACKGROUND DATA AND MATERIALS. THE COMPENSATION COMMITTEE ALSO RECOMMENDS POLICIES FOR SALARIES AND BENEFITS FOR ALL FAF EMPLOYEES AND MONITORS THEIR IMPLEMENTATION. IN THIS REGARD, SALARY RANGES ARE REVIEWED BY THE COMPENSATION COMMITTEE FOR CERTAIN POSITIONS BASED ON PERIODIC MARKET COMPENSATION DATA PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS AND UPDATES TO SUCH STUDIES BASED ON MARKET COMPENSATION DATA PREPARED BY INDEPENDENT COMPENSATION CONSULTANTS AND THE FAF'S HUMAN RESOURCES DEPARTMENT. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE LOCATED ON THE FOUNDATION'S WEBSITE. AT THIS TIME, THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | PENSION RELATED CHANGES-AMOUNTS REFLECTED AS OTHER CHANGE IN NET ASSETS -352,831. OTHER COMPONENTS OF NET PERIODIC PENSION COST -41,420. |
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