2022-05-13T13:51:41-05:00 2021-06-30 420714325 RSM US LLP 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2020-07-01 520239291 TAX EXECUTIVES INSTITUTE INC TAXE 2026385601 1200 G ST NW NO 300 WASHINGTON DC 20005 ALICIA P MATA EXECUTIVE DIRECTOR 2026385601 2022-05-13 1 ALICIA MATA XXX-XX-XXXX SARA SMITH P01332734 2022932200 2022-05-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ALICIA P MATA 1200 G ST NW NO 300 WASHINGTON DC 20005 6324223 0 X WWW.TEI.ORG X 1944 NY TO ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS. 78 78 17 372 208673 0 0 0 7171346 5587400 217907 188660 388074 548163 7777327 6324223 131679 164367 0 0 3222234 2531810 0 0 0 5480212 2751567 8834125 5447744 -1056798 876479 12243767 12071581 4520481 3431434 7723286 8640147 X THE MISSION OF TAX EXECUTIVES INSTITUTE IS TO ENHANCE AND IMPROVE THE GLOBAL TAX SYSTEM AND TO SERVE ITS MEMBERS, THEIR EMPLOYERS, AND SOCIETY GENERALLY BY FACILITATING INTERACTION AMONG, AND THE TRAINING OF, MEMBERS AND THEIR STAFFS, BY EFFECTIVELY ADVOCATING ITS MEMBERS' VIEWS, AND BY PROMOTING COMPETENCE AND PROFESSIONALISM IN BOTH THE PRIVATE AND GOVERNMENT SECTORS. 0 0 CONTINUING EDUCATION - THE TAX EXECUTIVES INSTITUTE (THE INSTITUTE) OPERATES NUMEROUS EDUCATION PROGRAMS THROUGHOUT THE YEAR; THESE PROGRAMS ARE AVAILABLE AT THE INSTITUTE, REGION, AND CHAPTER LEVEL, AND SATISFY STATE OR COUNTRY REQUIREMENTS FOR CONTINUING PROFESSIONAL EDUCATION. TEI ALSO PROVIDES EDUCATIONAL RESOURCES SUCH AS FORUMS FOR THE EXCHANGE OF INFORMATION ON AUDIT DEVELOPMENTS, AND OTHER ISSUES AFFECTING THE CORPORATE TAX COMMUNITY. ALSO AVAILABLE TO MEMBERS IS A SOPHISTICATED BUT USER-FRIENDLY ELECTRONIC COMMUNICATIONS SYSTEM, FEATURING SPECIALIZED AND PRIVATE ONLINE BULLETIN BOARDS. COMMITTEE AND LIAISON - TEI PROVIDES EXCELLENT ANALYSES OF PROPOSED TAX LEGISLATION, REGULATIONS, AND OTHER ADMINISTRATIVE PRONOUNCEMENTS. TEI ALSO WORKS WITH LEGISLATIVE AND REGULATORY BODIES BY PROVIDING COMMENTARY ON POLICY AND THE ADMINISTRATIVE ASPECTS OF LEGISLATIVE AND REGULATORY PROPOSALS. TEI'S LEGISLATIVE AND ADVOCACY FUNCTIONS ARE CARRIED ON LARGELY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS.TEI FILES AMICUS BRIEFS IN SUPPORT OF TEI MEMBERS' INTERESTS IN TAXES BEING IMPOSED FAIRLY AND EQUITABLY AND IN TERMS OF THE US CONSTITUTION. MEMBERSHIP SERVICES AND DEVELOPMENT - TAX EXECUTIVES INSTITUTE IS THE PREEMINENT ASSOCIATION OF IN-HOUSE TAX PROFESSIONALS WORLDWIDE. OUR APPROXIMATELY 6,000 MEMBERS REPRESENT MORE THAN 2,900 OF THE LEADING CORPORATIONS IN NORTH AND SOUTH AMERICA, EUROPE, AND ASIA. THROUGH TEI AND ITS 57 CHAPTERS WORLDWIDE, TAX EXECUTIVES HAVE ACCESS TO THE FINEST, MOST COST-EFFECTIVE TAX TRAINING AVAILABLE; THE CAMARADERIE OF THEIR FELLOW TAX PROFESSIONALS-WHO WILLINGLY SHARE THEIR INSIGHTS, IDEAS, AND EXPERIENCES; AND THE ABILITY TO WORK COLLECTIVELY TO IMPROVE TAX POLICY AND ADMINISTRATION. TEI MEMBERS RECEIVE A BI-MONTHLY JOURNAL, TAX EXECUTIVE. THEY ALSO HAVE ACCESS TO TEI'S WEBSITE AT WWW.TEI.ORG, FOR NETWORKING AND EDUCATION OPPORTUNITIES. TEI MEMBERS MAY ENHANCE THEIR PERSONAL LEADERSHIP, COMMUNICATION, AND MENTORING SKILLS BY VOLUNTEERING LOCALLY OR AT THE INSTITUTE LEVEL. TEI ALSO PROVIDES MEMBERS THE OPPORTUNITY TO PARTICIPATE IN SURVEYS AND TO DEVELOP BENCHMARKING TOOLS FOR TAX EXECUTIVES. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 X 13 0 1 17 1 1 1 1 CA NL CH HK 0 0 1 1 0 0 0 X 78 78 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBORAH C GIESEY 2026385601 1200 G ST NW NO 300 WASHINGTON DC 20005 JAMES A KENNEDY PRESIDENT 3.00 1.00 X X 0 0 0 MITCHELL S TRAGER SENIOR VICE PRESIDENT 3.00 1.00 X X 0 0 0 WAYNE G MONFRIES SECRETARY 3.00 1.00 X X 0 0 0 SANDHYA K EDUPUGANTY TREASURER 3.00 1.00 X X 0 0 0 JOSEPHINE SCALIA VP - REGION I 2.00 0.00 X X 0 0 0 BRUCE R MAGGIN VP - REGION II 2.00 0.00 X X 0 0 0 TIMOTHY F WIGON VP - REGION III 2.00 0.00 X X 0 0 0 WALTER B DOGGETT III VP - REGION IV 2.00 0.00 X X 0 0 0 PETER WATERSTREET VP - REGION IX 2.00 0.00 X X 0 0 0 TERI N HULL VP - REGION V 2.00 0.00 X X 0 0 0 CATHLEEN STEVENS VP - REGION VI 2.00 0.00 X X 0 0 0 MICHAEL F ROACH VP - REGION VII 2.00 0.00 X X 0 0 0 BRADLEY PEES VP - REGION VIII 2.00 0.00 X X 0 0 0 LINDA S KIM VP - REGION X 2.00 0.00 X X 0 0 0 LIONEL B NOBRE VP - REGION XI 2.00 0.00 X X 0 0 0 DAVID E STEVENS ALASKA CHAPTER REP 2.00 0.00 X 0 0 0 LINDA M LAMBSON ARIZONA CHAPTER REP 2.00 0.00 X 0 0 0 EUGENE GAY ASIA CHAPTER REP 2.00 0.00 X 0 0 0 LEONARD PIEDMONTE ATLANTA CHAPTER REP 2.00 0.00 X 0 0 0 AARON J SOSA AUSTIN CHAPTER REP 2.00 0.00 X 0 0 0 BRIAN P KAUFMAN BALTIMORE-WASHINGTON REP 2.00 0.00 X 0 0 0 JAMES A RIZZO BUFFALO-NIAGARA CHAPTER REP 2.00 0.00 X 0 0 0 BEAU YOUNG CALGARY CHAPTER REP 2.00 0.00 X 0 0 0 HUNTER LANE CAROLINAS CHAPTER REP 2.00 0.00 X 0 0 0 LAWRENCE A POCIASK CHICAGO CHAPTER REP 2.00 0.00 X 0 0 0 MATTHEW S SCHROEDER CINCINNATI-COLUMBUS CHAPTER REP 2.00 0.00 X 0 0 0 SCOTT A TINCHER CLEVELAND CHAPTER REP 2.00 0.00 X 0 0 0 CHRISTINA WILSON CONNECTICUT VALLEY CHAPTER REP 2.00 0.00 X 0 0 0 SUSAN A BAUER DALLAS CHAPTER REP 2.00 0.00 X 0 0 0 RONALD WILLIS DENVER CHAPTER REP 2.00 0.00 X 0 0 0 CHRISTOPHER A TRESSLER DETROIT CHAPTER REP 2.00 0.00 X 0 0 0 DR LUIS M FARGAS MAS EMEA CHAPTER REP 2.00 0.00 X 0 0 0 BRIAN M SOLTIS FLORIDA CHAPTER REP 2.00 0.00 X 0 0 0 MARK LINIADO FORT WORTH CHAPTER REP 2.00 0.00 X 0 0 0 LARRY A STEPHENSON HARRISBURG CHAPTER REP 2.00 0.00 X 0 0 0 LORIE SK ISHII HAWAII CHAPTER REP 2.00 0.00 X 0 0 0 EMILY WHITTENBURG HOUSTON CHAPTER REP 2.00 0.00 X 0 0 0 ALFRED GUERRA INDIANA CHAPTER REP 2.00 0.00 X 0 0 0 RICHARD H WIREMAN II IOWA CHAPTER REP 2.00 0.00 X 0 0 0 GARY GOSE KANSAS CITY CHAPTER REP 2.00 0.00 X 0 0 0 JOHN ANTHONY CALABRESE KENTUCKY CHAPTER REP 2.00 0.00 X 0 0 0 SILVA YEGHYAYAN LOS ANGELES CHAPTER REP 2.00 0.00 X 0 0 0 CHARLES A FITZER MINNESOTA CHAPTER REP 2.00 0.00 X 0 0 0 DAVE HUNTER MONTREAL CHAPTER REP 2.00 0.00 X 0 0 0 KRISTI ROONEY NASHVILLE CHAPTER REP 2.00 0.00 X 0 0 0 KEVIN MEEHAN NEBRASKA CHAPTER REP 2.00 0.00 X 0 0 0 CASSIDY L CRAWFORD NEVADA CHAPTER REP 2.00 0.00 X 0 0 0 MARYANNE D KNOTT NEW ENGLAND CHAPTER REP 2.00 0.00 X 0 0 0 RAYMOND J SALORT JR NEW JERSEY CHAPTER REP 2.00 0.00 X 0 0 0 PAUL HELLER NEW YORK CHAPTER REP 2.00 0.00 X 0 0 0 STEVEN D CRALL OKLAHOMA CITY CHAPTER REP 2.00 0.00 X 0 0 0 KEVIN MANES ORANGE COUNTY CHAPTER REP 2.00 0.00 X 0 0 0 EVAN G ERNEST PHILADELPHIA CHAPTER REP 2.00 0.00 X 0 0 0 ALLAN J COPENHEAVER JR PITTSBURGH CHAPTER REP 2.00 0.00 X 0 0 0 ELLEN E MCMILLAN PORTLAND CHAPTER REP 2.00 0.00 X 0 0 0 GARY P STEINBERG ROCHESTER CHAPTER REP 2.00 0.00 X 0 0 0 COLLEEN C BROWN SALT LAKE CITY CHAPTER REP 2.00 0.00 X 0 0 0 SON LE SAN DIEGO CHAPTER REP 2.00 0.00 X 0 0 0 STEVEN F ANDERSON SAN FRANCISCO CHAPTER REP 2.00 0.00 X 0 0 0 JENNIFER K BOWERS SEATTLE CHAPTER REP 2.00 0.00 X 0 0 0 ERIC L JOHNSON SILICON VALLEY CHAPTER REP 2.00 0.00 X 0 0 0 BRUCE S WELIKSON ST. LOUIS CHAPTER REP 2.00 0.00 X 0 0 0 DOROTHY F O'SHREA TORONTO CHAPTER REP 2.00 0.00 X 0 0 0 ERNEST N GATES TULSA CHAPTER REP 2.00 0.00 X 0 0 0 FRASER E REID VANCOUVER CHAPTER REP 2.00 0.00 X 0 0 0 WILLIAM W FLEXON VIRGINIA CHAPTER REP 2.00 0.00 X 0 0 0 PETER F DE NICOLA WESTCHESTER-FAIRFIELD CHAPTER REP 2.00 0.00 X 0 0 0 KATIE GOSS WESTERN MICHIGAN CHAPTER REP 2.00 0.00 X 0 0 0 DAWN PETERSON WISCONSIN CHAPTER REP 2.00 0.00 X 0 0 0 MICHAEL A OLSON WISCONSIN, NORTHEAST CHAPTER REP 2.00 0.00 X 0 0 0 CN SANDY MACFARLANE PAST PRESIDENT 2.00 0.00 X 0 0 0 JAMES P SILVESTRI PAST PRESIDENT 2.00 0.00 X 0 0 0 KATRINA H WELCH PAST PRESIDENT 2.00 0.00 X 0 0 0 MARK C SILBIGER PAST PRESIDENT 2.00 0.00 X 0 0 0 PAUL O'CONNOR PAST PRESIDENT 2.00 0.00 X 0 0 0 ROBERT L HOWREN PAST PRESIDENT 2.00 0.00 X 0 0 0 SOL COFFINO PAST PRESIDENT 2.00 0.00 X 0 0 0 TERILEA J WIELENGA PAST PRESIDENT 2.00 0.00 X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR (TO 1/2021) 35.00 0.00 X 345649 0 4602 ALICIA P MATA EXECUTIVE DIRECTOR (AS OF 6/2021) 35.00 0.00 X 231943 0 23526 W PATRICK EVANS CHIEF TAX COUNSEL 35.00 0.00 X 269231 0 33657 BENJAMIN R SHRECK TAX COUNSEL 35.00 0.00 X 241910 0 35539 WATSON M MCLEISH TAX COUNSEL 35.00 0.00 X 182403 0 22411 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 35.00 0.00 X 152064 0 19534 LISA R SAMUELS DIRECTOR OF MARKETING AND MEMBERSHIP 35.00 0.00 X 120468 0 13708 MICHAEL T DOWDY DIRECTOR OF IT AND WEB SERVICES 35.00 0.00 X 135481 0 26930 1679149 0 179907 8 0 1 0 0 SPONSORSHIP 541800 2478900 2478900 MEMBERSHIP DUES 900099 1507345 1507345 CONTINUING EDUCATION 900099 765885 765885 CHAPTERS AND REGIONS 900099 614363 614363 PUBLICATION INCOME 541800 220907 12234 208673 5587400 188660 188660 543000 543000 MISCELLANEOUS 900099 5163 5163 5163 6324223 2899827 208673 3215723 164367 910936 1261182 24291 192261 143140 32173 121413 2471 126328 216113 494381 595 585834 2857 115882 52487 CHAPTER AND REGION DISB 471067 PUBLICATIONS 360909 SPECIAL PROJECTS 78175 CHAPTER AND REGION REBA 35535 55347 5447744 1078315 976070 4459658 4191480 82345 82037 129841 168656 1639750 1290686 461960 349064 5950688 6304274 80960 0 12243767 12071581 205046 314435 2814683 2063832 1500752 1053167 4520481 3431434 X 7723286 8640147 7723286 8640147 12243767 12071581 X 876479 413288 -291946 -80960 X X 0 1 X 1 0 0 0 0 1507345 53059 53059 0 53059 707041 366160 340881 932709 924526 8183 349064 DEFERRED RENT 1053167 1053167 6089300 413288 413288 5676012 32173 616038 648211 6324223 4782637 0 4782637 32173 632934 665107 5447744 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST RECEIVED BY CHAPTERS 1,675. INCOME EARNED BY CHAPTERS AND REGIONS 614,363. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCURRED BY CHAPTERS AND REGIONS 471,067. SCHOLARSHIP EXPENSES INCURRED BY CHAPTERS AND REGIONS 161,867. EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS IN FOREIGN CORPORATIONS 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 PART III ACCOUNTING METHOD: X X 1 1 X X X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR (TO 1/2021) 343115 0 0 0 2534 0 4602 0 802 0 351053 0 0 0 W PATRICK EVANS CHIEF TAX COUNSEL 268348 0 0 0 883 0 3608 0 30771 0 303610 0 0 0 BENJAMIN R SHRECK TAX COUNSEL 241334 0 0 0 576 0 3276 0 33065 0 278251 0 0 0 ALICIA P MATA EXECUTIVE DIRECTOR (AS OF 6/2021) 231367 0 0 0 576 0 3061 0 21267 0 256271 0 0 0 WATSON M MCLEISH TAX COUNSEL 182077 0 0 0 326 0 2422 0 20713 0 205538 0 0 0 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 149081 0 0 0 2983 0 1997 0 18167 0 172228 0 0 0 MICHAEL T DOWDY DIRECTOR OF IT AND WEB SERVICES 134333 0 0 0 1148 0 1811 0 25685 0 162977 0 0 0 PART I, LINE 1A THE EXPENSES OF THE SPOUSES OF THE INSTITUTE PRESIDENT, EXECUTIVE DIRECTOR, AND CHIEF TAX COUNSEL ARE REIMBURSED IN RESPECT OF THEIR ATTENDANCE AT CERTAIN BONA FIDE BUSINESS MEETINGS INVOLVING A SIGNIFICANT NUMBER OF SPOUSES AND FORMAL COMPANION PROGRAMS. THESE AMOUNTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. THE EXECUTIVE DIRECTOR OCCASIONALLY TRAVELS VIA FIRST-CLASS. AMOUNTS RELATED TO THIS ARE NOT INCLUDED IN TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SECTION 1. MEMBERSHIP SHALL BE OPEN TO PERSONS NOT ENGAGED IN PUBLIC TAX PRACTICE WHO ARE EMPLOYED BY CORPORATIONS AND OTHER BUSINESSES IN AN EXECUTIVE, ADMINISTRATIVE, OR MANAGERIAL CAPACITY AND WHO MEET THE FOLLOWING QUALIFICATIONS: (1)IN AN ORGANIZATION HAVING AN INTEGRATED SEPARATE TAX DEPARTMENT, THE HEAD OF THAT DEPARTMENT AND ANY OTHER PERSONS THE DEPARTMENT HEAD SHALL DESIGNATE, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (2)IN AN ORGANIZATION HAVING A NONINTEGRATED TAX DEPARTMENT WHERE THE TAX FUNCTION MAY BE DIVIDED BETWEEN THE LEGAL, ACCOUNTING, OR OTHER DEPARTMENTS, THOSE PERSONS WHO DEVOTE THEIR PRINCIPAL TIME TO THE TAX FUNCTIONS OR WHOSE PRINCIPAL RESPONSIBILITIES ARE THE HANDLING OF THE TAX FUNCTIONS IN THEIR RESPECTIVE DEPARTMENTS AT AN EXECUTIVE, ADMINISTRATIVE OR MANAGEMENT LEVEL, AND ANY OTHERS WHOM SUCH PERSONS SHALL DESIGNATE, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (3)IN AN ORGANIZATION HAVING NEITHER AN INTEGRATED, SEPARATE TAX DEPARTMENT NOR ANY PERSON ON AN EXECUTIVE OR MANAGEMENT LEVEL WHOSE FULL TIME IS DEVOTED TO THE TAX FUNCTION, THOSE PERSONS CHARGED WITH THE RESPONSIBILITY OF ADMINISTERING THE TAX AFFAIRS OF THE ORGANIZATION ON AN EXECUTIVE OR MANAGEMENT LEVEL. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE II, SECTION 4 OF THE INSTITUTE'S BY-LAWS PROVIDES THAT EACH OF THE TEI CHAPTERS "SHALL HAVE THE RIGHT, ONCE EVERY TWO YEARS, TO ELECT A DIRECTOR (CHAPTER REPRESENTATIVE) TO A TWO-YEAR TERM [ON THE INSTITUTE BOARD OF DIRECTORS]. THE TERMS OF OFFICE WITH RESPECT TO DIRECTORS FROM THE CHAPTERS SHALL BE STAGGERED SO THAT THE NUMBER OF DIRECTORS ELECTED FROM THE CHAPTERS EACH YEAR SHALL BE ONE-HALF OF THE NUMBER OF CHAPTERS OF THE INSTITUTE." IN RESPECT OF THE FOUR SENIOR OFFICERS AND NINE REGIONAL VICE PRESIDENTS, ARTICLE V, SECTION 2 OF THE BY-LAWS PROVIDES THAT EACH YEAR, THE INSTITUTE'S NOMINATING COMMITTEE "SHALL MAKE NOMINATIONS FOR OFFICERS, EXCEPT THAT THE SENIOR VICE PRESIDENT SHALL AUTOMATICALLY SUCCEED TO THE OFFICE OF PRESIDENT AT THE NEXT ANNUAL MEETING OF MEMBERS BY OPERATION OF THESE BY-LAWS." UNDER SECTIONS 3 AND 5 OF THAT ARTICLE, IF NO OTHER NOMINATIONS ARE MADE BY 25 OR MORE MEMBERS WITHIN THE PRESCRIBED TIME PERIOD, THE OFFICERS ARE DEEMED ELECTED BY OPERATION OF THE BY-LAWS. IF THERE ARE OTHER NOMINATIONS, THE NAMES ARE PLACED ON THE BALLOT FOR SELECTION BY THE MEMBERSHIP. IN RESPECT OF PAST PRESIDENTS, ARTICLE II, SECTION 5, PROVIDES "PAST PRESIDENTS OF THE INSTITUTE WHO COMPLETE THEIR SERVICE AS PRESIDENT ON OR BEFORE THE 2018 ANNUAL MEETING OF THE MEMBERS, SHALL BE NOMINATED TO SERVE ON THE BOARD EACH YEAR AS LONG AS THEY CONTINUE THEIR FULL MEMBERSHIP AND CONSENT TO SERVE AS DIRECTORS. PAST PRESIDENTS OF THE INSTITUTE WHO COMPLETE THEIR SERVICE AS PRESIDENT AFTER THE 2018 ANNUAL MEETING OF THE MEMBERS, SHALL BE NOMINATED TO SERVE ON THE BOARD FOR UP TO SIX CONSECUTIVE ONE-YEAR TERMS FOLLOWING THEIR SERVICE AS PRESIDENT AS LONG AS THEY CONTINUE THEIR FULL MEMBERSHIP AND CONSENT TO SERVE. NOTHING IN THIS SECTION SHALL LIMIT THE ELIGIBILITY OF A PAST PRESIDENT TO SERVE ON THE BOARD AS A CHAPTER REPRESENTATIVE OR AN OFFICER." FORM 990, PART VI, SECTION A, LINE 7B ARTICLE X OF THE INSTITUTE'S BY-LAWS PROVIDES THAT AMENDMENTS TO THE BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP. IN ADDITION, UNDER NEW YORK LAW, DIRECTORS ELECTED BY THE MEMBERSHIP (OR BY A CLASS OF MEMBERS) MAY ONLY BE REMOVED BY VOTE OF THOSE MEMBERS OR CLASS OF MEMBERS. NEW YORK LAW ALSO REQUIRES THE MEMBERSHIP TO APPROVE MERGERS OR CONSOLIDATIONS AND DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ONCE RSM US LLP HAS COMPLETED THE FORM 990 PREPARATION, A COPY IS SENT TO TEI'S MANAGEMENT FOR APPROVAL. ONE OF THE INSTITUTE'S FOUR SENIOR OFFICERS REVIEWS THE RETURN AFTER MANAGEMENT HAS APPROVED IT. THE RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD IS ASKED TO SIGN THE CONFLICT OF INTEREST FORMS EACH YEAR AND TEI FOLLOWS UP SEVERAL TIMES TO ENSURE THAT THE FORMS ARE RECEIVED. TEI EMPLOYEES ARE ALSO REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL OF THESE ELEMENTS: - REVIEW AND APPROVAL BY THE INSTITUTE'S EXECUTIVE COMMITTEE; - USE OF DATA AS TO COMPARABLE COMPENSATION; AND - CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING 1.DEVELOPMENT OF RECOMMENDATIONS. THE EXECUTIVE DIRECTOR DEVELOPS RECOMMENDATIONS WITH RESPECT TO ALL MEMBERS OF THE STAFF OTHER THAN HIMSELF OR HERSELF, AND FORWARDS THEM TO THE INSTITUTE'S CURRENT AND INCOMING PRESIDENTS FOR REVIEW AND DISCUSSION. THOSE RECOMMENDATIONS ARE THEN REFERRED TO THE INSTITUTE'S EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE CURRENT AND INCOMING PRESIDENTS DEVELOP A RECOMMENDATION WITH RESPECT TO THE EXECUTIVE DIRECTOR. 2.REVIEW AND APPROVAL. THE RECOMMENDATIONS REFERRED TO IN ITEM 1 ARE REVIEWED, ADJUSTED, AND APPROVED BY THE EXECUTIVE COMMITTEE, WITH THE EXECUTIVE DIRECTOR NOT BEING INVOLVED IN A DISCUSSION OF HIS OR HER OWN COMPENSATION; THE RECOMMENDATION IN RESPECT OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. HENCE, PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 3.USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF ALL STAFF MEMBERS ARE REVIEWED AND APPROVED USING DATA ON COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. AMONG THE SOURCES OF SUCH COMPARABLE INFORMATION IS THE ASAE'S ASSOCIATION COMPENSATION AND BENEFITS SURVEY. 4.CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE POSTED ON THE WEBSITE. FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD OF DIRECTORS. FORM 990, PART XI, LINE 9: EQUITY IN LOSS FROM HONG KONG -62,620. LOSS ON IMPAIRMENT OF INVEST IN RELATED -18,340. FORM 990, PART XII, LINE 2C THE PROCESS FOR REVIEW HAS NOT CHANGED FROM THE PRIOR YEAR. TEI EDUCATION FUND 1200 G STREET SUITE 300 WASHINGTON DC 20005 541402262 SPONSOR CONTINUING EDUCATION/FURTHER TEI'S EDUCATIONAL OBJECTIVES VA 501(C)(3) LINE 2 TAX EXECUTIVE INSTITUTE INC 1 TEI ASIA PACIFIC LIMITED 1401 HUTCHISON HOUSE 10 HARCOURT R HONG KONG HK HOLDING COMPANY HK TAX EXECUTIVES INSTITUTE INC C 1 1.00000 0 TEI BUSINESS CONSULTING (SHANGHAI) COMPANY LIMITED 33 HUAYUANSHIQIAO ROAD SUITE 2311 SHANGHAI CH 200120 CONSULTING CH TEI ASIA PACIFIC LIMITED C 49 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0