2022-05-03T09:51:12-05:00 2021-09-30 560747981 DIXON HUGHES GOODMAN LLP 1410 SPRING HILL ROAD SUITE 500 TYSONS VA 221023056 990 2020-10-01 520892064 UNIVERSITIES SPACE RESEARCH ASSOCIATION UNIV 4107302656 7178 COLUMBIA GATEWAY DRIVE COLUMBIA MD 21046 COLLEEN MILLSAP CFO 4107302656 2022-04-21 1 COLLEEN MILLSAP 999009999 AMY BIBBY P00445891 7039700400 2022-04-21 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JEFFREY ISAACSON 7178 COLUMBIA GATEWAY DR COLUMBIA MD 21046 147676983 0 X WWW.USRA.EDU X 1969 DC ADVANCE THE SPACE AND AERONAUTICS RELATED SCIENCES AND EXPLORATION THROUGH INNOVATIVE RESEARCH, TECHNOLOGY, AND EDUCATION 15 14 579 0 0 0 150546486 147066460 -1201140 486182 183619 26190 24710 9670 149553675 147588502 32790481 34531046 0 0 71844734 69396902 0 0 0 42569917 42089942 147205132 146017890 2348543 1570612 66653965 66030846 31696656 28722915 34957309 37307931 X TO PROVIDE A COLLABORATIVE MEMBERSHIP ORGANIZATION WHERE UNIVERSITIES AND OTHER RESEARCH ORGANIZATIONS MAY COOPERATE EFFECTIVELY WITH EACH OTHER, WITH THE UNITED STATES GOVERNMENT, AND OTHER ENTITIES TO DEVELOP KNOWLEDGE ASSOCIATED WITH SPACE SCIENCE AND TECHNOLOGY 0 0 24441926 862112 NASA ACADEMIC MISSION SERVICES (NAMS) CONTRACT TO DELIVER NEW CONCEPTS, TOOLS AND TECHNOLOGIES RELATED TO AERONAUTICS, SCIENCE AND AERO FLIGHT DYNAMICS. THIS FIVE-YEAR AGREEMENT FOR A $193 MILLION AWARD LAUNCHES AN INTEGRATED MULTI-YEAR RESEARCH EFFORT TO BE CONDUCTED AT NASA'S AMES RESEARCH CENTER, WHICH RANGES FROM FUNDAMENTAL RESEARCH AND DEVELOPMENT THROUGH FIELD TEST DEPLOYMENTS AND OPERATIONAL SCIENCE MISSIONS. 22913827 17113319 EDUCATION PROGRAMS (EAP & EPO): THE EDUCATION PROGRAM'S OFFICE PRIMARILY SUPPORTS NASA'S EFFORTS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN AEROSPACE ENGINEERING AND THE SPACE SCIENCES, AS WELL AS ENCOURAGING YOUNG STUDENTS TO STAY IN SCHOOL AND PURSUE CAREERS IN SCIENCE, ENGINEERING, AND BUSINESS. 20999448 53433 STRATOSPHERIC OBSERVATORY FOR INFRARED ASTRONOMY (SOFIA):SOFIA IS AN AIRBORNE OBSERVATORY THAT STUDIES THE UNIVERSE IN THE INFRARED SPECTRUM. BESIDES THIS CONTRIBUTION TO SCIENCE PROGRESS, SOFIA IS A MAJOR FACTOR IN THE DEVELOPMENT OF OBSERVATIONAL TECHNIQUES, OF NEW INSTRUMENTATIONS, AND IN THE EDUCATION OF YOUNG SCIENTISTS AND TEACHERS IN THE DISCIPLINE OF INFRARED ASTRONOMY. SOFIA FLIES INTO THE STRATOSPHERE, OPENS THE TELESCOPE CAVITY DOOR, AND POINTS ITS TELESCOPE AT THE HEAVENS MOST NIGHTS A WEEK IN THIS DECADE AND THE NEXT. 20075502 10000 192604 GESTAR STANDS FOR GODDARD EARTH SCIENCES TECHNOLOGY AND RESEARCH. ITS SCOPE CUTS ACROSS EARTH SCIENCE DISCIPLINES AND INCLUDES ATMOSPHERIC STUDIES, HYDROLOGY, OCEAN AND CLIMATE RESEARCH. TO FACILITATE EXPERIMENTAL, ANALYTICAL AND THEORETICAL RESEARCH IN SUPPORT OF NASA'S STRATEGIC EARTH AND SPACE SCIENCE OBJECTIVES. 19859285 16172559 NASA POSTDOCTORAL PROGRAM (NPP), A PRESTIGIOUS, NATIONAL-LEVEL EFFORT SUPPORTING ALL NASA MISSION DIRECTORATES AND CENTERS. NPP AWARDS FELLOWSHIPS TO HIGHLY QUALIFIED POSTDOCTORAL SCIENTISTS AND ENGINEERS, ENABLING THEM TO CONDUCT RESEARCH AND PARTICIPATE IN NASA MISSION ACTIVITIES AT VARIOUS LOCATIONS.THE NPP IS A VITAL MEANS BY WHICH NASA IDENTIFIES AND ENGAGES TALENTED EARLY-CAREER SCIENTISTS. IT ALSO PROVIDES AN IMPORTANT PIPELINE FOR DEVELOPING THE NASA WORKFORCE NEEDED FOR FUTURE CHALLENGES. DR. JEFFREY A. ISAACSON, USRA PRESIDENT AND CEO, COMMENTED, "ACHIEVING NASA'S GOALS FOR THE NPP REQUIRES AN ORGANIZATION WITH LONGSTANDING NASA RELATIONSHIPS, INSIGHT INTO RESEARCH PROJECTS AS THEY RELATE TO NASA'S MISSIONS AND LONG-TERM OBJECTIVES, AND STRONG CONNECTIONS TO THE UNIVERSITY RESEARCH COMMUNITY.USRA IS IDEALLY SUITED FOR THIS IMPORTANT CHARGE." 7015824 2187 59549 RESEARCH INSTITUTE FOR ADVANCED COMPUTER SCIENCE (RIACS): THE RIACS ISFOCUSED ON DEVELOPING THE NEXT GENERATION ENABLING TECHNOLOGIES THATWILL FACILITATE BOTH HUMAN AND ROBOTIC SPACE EXPLORATION. SINCE ITSINCEPTION IN 1983, THE INSTITUTE HAS CONDUCTED BASIC AND APPLIEDCOMPUTER SCIENCE RESEARCH ACROSS A VARIETY OF AEROSPACE-RELATEDDISCIPLINES, INCLUDING SUPERCOMPUTING, COMPUTATIONAL FLUID DYNAMICS,COMPUTATIONAL CHEMISTRY, HIGH-PERFORMANCE NETWORKING, AND ARTIFICIALINTELLIGENCE. 5830938 221344 LUNAR & PLANETARY INSTITUTE (LPI): SUPPORTS NASA'S RESEARCH IN LUNAR,PLANETARY, AND RELATED SCIENTIFIC FIELDS. THE INSTITUTE IS A CENTERFOR LUNAR AND PLANETARY SCIENCE, CONDUCTING RESEARCH STUDIES ON THEFORMATION, EVOLUTION, AND CURRENT STATE OF THE MOON, PLANETS, COMETS,ASTEROIDS, PLANETARY SATELLITES, COSMIC DUST, AND OUR SOLAR SYSTEM AS AWHOLE THROUGH ANALYSIS OF DATA AND SAMPLES OBTAINED THROUGH NASA'S LONGHISTORY OF MISSIONS AND EXPLORATION, SERVICE TO NASA AND THE PLANETARYSCIENCE COMMUNITY. THE INSTITUTE COORDINATES SCIENTIFIC MEETINGS ONLUNAR AND PLANETARY TOPICS, AND DISSEMINATES SCIENTIFIC INFORMATIONTHROUGH TECHNICAL JOURNALS AND CONFERENCES, INCLUDING AN ABSTRACTDATABASE OF MORE THAN 25,000 PRESENTATIONS MADE BY SCIENTISTS ATLPI-SPONSORED MEETINGS. THE INSTITUTE ALSO CURATES AN EXTENSIVECOLLECTION OF LUNAR AND PLANETARY DATA THAT IS ACCESSIBLE ONLINE. 3081182 20592 NATIONAL SPACE SCIENCE AND TECHNOLOGY CENTER (NSSTC): THE DIVISION OFEARTH SCIENCES SUPPORTS NASA'S RESEARCH TO SEEK A BETTER UNDERSTANDINGOF THE GLOBAL HYDROLOGIC CYCLE AND ITS INTERACTION WITH CLIMATEVARIABILITY. USRA IS ASSISTING WITH THE INTEGRATION OF RESEARCHPROGRAMS WITH THE EDUCATIONAL NEEDS OF CLIMATE AND GLOBAL CHANGESCIENCE CURRICULA AT THE COLLEGE AND PRE-COLLEGE LEVELS TO COMMUNICATETHE IMPORTANCE AND CHALLENGES RELATING TO THE INTERACTIONS OF THEHYDROLOGIC CYCLE WITH CLIMATE AND CLIMATE VARIABILITY. 2856187 EXPLORATION SYSTEMS TECHNOLOGY RESEARCH SUPPORTS RESEARCH FOR NASA GLENN RESEARCH CENTER'S EXPLORATION SYSTEMS (NCSER): TECHNOLOGY DEVELOPMENT PROGRAMS AND PROVIDES SUPPORT FOR ISS MICROGRAVITY RESEARCH. THIS PROGRAM INVOLVES THE DEVELOPMENT OF ENABLING TECHNOLOGIES FOR SPACE EXPLORATION WITH EMPHASIS ON REDUCED GRAVITY APPLICATIONS OF FLUIDS SYSTEMS AND FIRE SAFETY AND PERFORMS CRITICAL PATH RESEARCH IN FLUIDS AND COMBUSTION IN SUPPORT OF NASA'S SPACE EXPLORATION PROGRAM AND RELATED NATIONAL INITIATIVES. 344778 80419 EARTH FROM SPACE INSTITUTE (EFSI), FOCUSED ON SUPPORTING THE DEVELOPMENT OF LONG-TERM STRATEGIES FOR ENVIRONMENTAL SUSTAINABILITY AND CLIMATE ACTION HAS BEEN ESTABLISHED 137312 75500 153610 CENTER FOR SPACE NUCLEAR RESEARCH (CSNR): THE CSNR IS OPERATED BY USRAIN COLLABORATION WITH THE IDAHO NATIONAL LABORATORY (INL). THE CSNR ISA FOCUS FOR ENGAGING UNIVERSITY SCIENTISTS IN RESEARCH AND DEVELOPMENTOF ADVANCED SPACE NUCLEAR SYSTEMS, INCLUDING SPACE POWER AND PROPULSIONSYSTEMS AND RADIOISOTOPE POWER GENERATORS. 59201008 16502182 486182 127556209 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1787 0 1 579 1 0 0 0 0 0 0 0 0 0 0 1 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DC MD VA X X COLLEEN MILLSAP 4107302656 7178 COLUMBIA GATEWAY DRIVE COLUMBIA MD 21046 DR WILLIAM BALLHAUS CHAIR, BOARD OF TRUSTEES 3.00 X X 27850 0 0 BRIAN GILCHRIST COI 3.00 X X 20300 0 0 DR WAYNE SCALES TRUSTEE, COI 3.00 X X 1700 0 0 MR STEVEN BENSEN SECRETARY 3.00 X 0 0 0 DR PATRICIA H DOHERTY TRUSTEE 3.00 X 44050 0 0 DR PASCALE ENRENFREUND TRUSTEE 3.00 X 21150 0 0 DR ALFRED KRABBE TRUSTEE 3.00 X 22150 0 0 MR LOUIS J LANZEROTTI TRUSTEE 3.00 X 24150 0 0 DR JOHN MONTGOMERY TRUSTEE 3.00 X 26950 0 0 DR CAROLYN B MORGAN TRUSTEE 3.00 X 28450 0 0 KATHLEEN HOWELL TRUSTEE 3.00 X 21150 0 0 TRUELL HYDE TRUSTEE 3.00 X 2650 0 0 BERRIEN MOORE TRUSTEE 3.00 X 26500 0 0 KIM WILLIAMS TRUSTEE 3.00 X 29450 0 0 DR ROBERT MCCOY TRUSTEE 3.00 X 19050 0 0 DR RENU MALHOTRA TRUSTEE 3.00 X 38700 0 0 MS NATALIE W CRAWFORD TRUSTEE 3.00 X 0 0 0 GENERAL LESTER LYLES TRUSTEE 3.00 X 0 0 0 DR DANIEL HASTINGS TRUSTEE 3.00 X 0 0 0 DR ELIZABETH LADA TRUSTEE 3.00 X 0 0 0 JEFFREY ISAACSON PRESIDENT AND CEO 40.00 X X 1369873 0 148639 MARY JEAN GREENWELL VP,FINANCE AND ADMIN,CFO 40.00 X 317521 0 38539 BERNARD SEERY SVP,TECHNOLOGY R&D 40.00 X 306520 0 29449 DAVID BELL DIRECTOR, NAMS & RIACS 40.00 X 324065 0 28203 GHASSEM ASRAR SVP, SCIENCE 40.00 X 296932 0 27908 JOAN SCHMELZ DIRECTOR, STI 40.00 X 235303 0 26969 MARGARET MEIXNER DIRECTOR, SOFIA 40.00 X 222836 0 23397 ORESTE REALE DIRECTOR, GESTAR 40.00 X 222221 0 34536 AMANDA SMITH HACKLER DIRECTOR, EDUCATION 40.00 X 187560 0 23716 KEVIN SCHMADEL VP,CORP AFFAIRS AND COMM 40.00 X 283214 0 37592 JAMES JACKSON ASSOCIATE DIRECTOR, SCIENCE 40.00 X 260835 0 39997 ERIC WEAVER VP, HUMAN RESOURCES 40.00 X 259371 0 23950 WILLIAM REACH ASSOC DIRECTOR,SCIENCE OPS 40.00 X 248514 0 40755 KENNY CHEUNG SR MGR & PRINCIPAL ENGINEER 40.00 X 233386 0 24664 5122401 0 548314 238 0 1 0 CROWN CONSULTING INC 1400 KEY BLVD ARLINGTON VA 22209 SCIENTIFIC SUPPORT SERVICES 5126933 GLOBAL SCIENCE & TECHNOLOGY 7855 WALKER DRIVE SUITE 200 GREENBELT MD 20770 SCIENTIFIC SUPPORT SERVICES 4077272 MOSAIC ATM INC 540 FORT EVANS RD LEESBURG VA 20176 SCIENTIFIC SUPPORT SERVICES 3869673 MORGAN STATE UNIV 1700 EAST COLDSPRING LN BALTIMORE MD 21251 SCIENTIFIC SUPPORT SERVICES 2797962 RIGETTI & CO INC 2919 7TH STREET BERKELEY CA 94710 SCIENTIFIC SUPPORT SERVICES 1383546 37 1200 147025497 39763 147066460 COMMERCIAL CONTRACT REVENUE 541700 294749 294749 OTHER CONTRACT REVENUE 541700 191433 191433 486182 102522 102522 12149 0 88481 12149 -88481 -76332 -76332 OTHER INCOME 900099 9670 9670 9670 147588502 486182 0 35860 X 34531046 34531046 3438196 2893108 545088 53216065 44779238 8436827 4874732 4467134 407598 4065632 3936564 129068 3802277 3484352 317925 2331616 2331616 363584 363584 20724 20724 31955823 30306647 1649176 211004 115667 95337 1250102 192247 1057855 1013850 1013850 1158281 1057878 100403 438241 303722 134519 340254 340254 949955 949955 407234 105628 301606 RESEARCH EXPENSE 843025 843025 MISCELLANEOUS EXPENSES 225914 225914 EQUIPMENT 192936 152554 40382 OTHER DIRECT COSTS 170059 170059 217340 217340 146017890 127556209 18461681 0 14010726 9561920 91600 25424290 30235112 1465257 742402 31073903 12644472 19368762 18429431 6293330 7061981 66653965 66030846 19034204 17842623 9527905 9136610 305477 272896 2829070 1470786 31696656 28722915 X 34410054 36671779 547255 636152 34957309 37307931 66653965 66030846 X 1570612 483279 296731 X X 0 1 X 1 1 1 X 152915351 157502294 157400219 150544086 147066460 765428410 152915351 157502294 157400219 150544086 147066460 765428410 765428410 243253 39938 171140 125618 102522 682471 1419 32988 27110 9671 71188 766182069 0.99900 0.99900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7990 7990 146009900 146017890 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 192409 125100 23593 7990 349092 250000 250000 250000 250000 1000000 1500000 300000 300000 300000 300000 300000 300000 0.00000 0.00000 1.00000 0 0 5142611 5142611 19181396 9263456 9917940 623207 103784 519423 6113046 3277232 2835814 13643 13643 18429431 BILLINGS IN EXCESS OF COST 309014 INTEREST RATE SWAP LIABILITY 526779 DEFERRED COMP PLAN LIABILITY 724314 BOND ISSUE COSTS -89321 1470786 X 148435816 483278 296279 779557 147656259 20724 -88481 -67757 147588502 146085647 88481 88481 145997166 20724 20724 146017890 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT SHALL BE USED FOR THE BENEFIT OF THE STUDENTS AND EARLY CAREER LUNAR SCIENTISTS. FUNDS DISTRIBUTED FROM THE ENDOWMENT SHALL BE USED TO SUPPORT TRAVEL FOR STUDENTS AND EARLY CAREER SCIENTISTS TO PARTICIPATE IN LUNAR SCIENCE CONFERENCES AND WORKSHOPS, NOTABLY THOSE UNDER THE AUSPICES OF THE LUNAR EXPLORATION ANALYSIS GROUP. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED SEPTEMBER 30, 2021 AND 2020 SINCE THE ORGANIZATION HAD NO TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2021 AND 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP 296,279. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PPE -88,481. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PPE 88,481. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 35 PROGRAM SERVICES SCIENTIFIC RESEARCH 328725 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 61 PROGRAM SERVICES SCIENTIFIC RESEARCH 379632 0 96 0 0 0 96 708357 0 708357 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 STIPENDS AND SCHOLARSHIPS FOR PROGRAM ACTIVITIES 2323 34531046 PART I, LINE 2 THE ASSOCIATION DISTRIBUTES SCHOLARSHIPS AND AWARDS TO STUDENTS WHO MEET THE CRITERIA SET OUT IN THE PROGRAM. THERE IS NO ADDITIONAL MONITORING REQUIRED. X X 1 1 X X X X X X 0 1 0 1 0 0 0 0 0 JEFFREY ISAACSON PRESIDENT AND CEO 395908 0 376421 0 597544 0 129993 0 18646 0 1518512 0 450000 0 MARY JEAN GREENWELL VP,FINANCE AND ADMIN,CFO 218719 0 73412 0 25390 0 25255 0 13284 0 356060 0 0 0 DAVID BELL DIRECTOR, NAMS & RIACS 250040 0 45703 0 28322 0 26874 0 1329 0 352268 0 0 0 BERNARD SEERY SVP,TECHNOLOGY R&D 253948 0 21090 0 31482 0 28120 0 1329 0 335969 0 0 0 GHASSEM ASRAR SVP, SCIENCE 241787 0 29363 0 25782 0 26100 0 1808 0 324840 0 0 0 KEVIN SCHMADEL VP,CORP AFFAIRS AND COMM 196069 0 56721 0 30424 0 23442 0 14150 0 320806 0 0 0 JAMES JACKSON ASSOCIATE DIRECTOR, SCIENCE 233173 0 11342 0 16320 0 25204 0 14793 0 300832 0 0 0 WILLIAM REACH ASSOC DIRECTOR,SCIENCE OPS 209017 0 10981 0 28516 0 22369 0 18386 0 289269 0 0 0 ERIC WEAVER VP, HUMAN RESOURCES 209980 0 33750 0 15641 0 22500 0 1450 0 283321 0 0 0 JOAN SCHMELZ DIRECTOR, STI 211652 0 20408 0 3243 0 12978 0 13991 0 262272 0 0 0 KENNY CHEUNG SR MGR & PRINCIPAL ENGINEER 203157 0 5800 0 24429 0 22742 0 1922 0 258050 0 0 0 ORESTE REALE DIRECTOR, GESTAR 179552 0 20150 0 22519 0 20600 0 13936 0 256757 0 0 0 MARGARET MEIXNER DIRECTOR, SOFIA 164120 0 27500 0 31216 0 15583 0 7814 0 246233 0 0 0 AMANDA SMITH HACKLER DIRECTOR, EDUCATION 158522 0 9013 0 20025 0 16209 0 7507 0 211276 0 0 0 PART I, LINE 1A USRA OFFERS UP TO $250/YEAR REIMBURSEMENT FOR HEALTH BENEFITS EXPENSES (SHOES, GYM MEMBERSHIP, ETC). THESE REIMBURSEMENTS ARE INCLUDED IN TAXABLE COMPENSATION ON THE INDIVIDUAL W-2. USRA ALLOWS FIRST CLASS TRAVEL FOR THE CEO. PART I, LINE 3 THE PRESIDENT & CEO'S INCENTIVE COMPENSATION IS BASED ON A NUMBER OF PERFORMANCE GOALS AND MEASURES, INDICATIVE OF FULFILLING ORGANIZATION'S NON-PROFIT PURPOSE. PART I, LINE 4B THE ASSOCIATION PROVIDES A NONQUALIFIED DEFERRED COMPENSATION PLAN (457F) FOR THE CEO, JEFF ISAACSON. IN 2020, $101,493 WAS ACCRUED, AND $559,931 WAS PAID PURSUANT TO THE 457(F) PLAN. A MARYLAND ECONOMIC DEVELOPMENT CORPORATION 521376562 2013-06-01 11825858 ACQUISTION AND RENOVATION OF COLUMBIA GATEWAY DRIVE LAND AND BUILDING 0 0 0 A 2689248 11825858 225000 11640390 2014 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 1 1 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MARYLAND ECONOMIC DEVELOPMENT CORPORATION DATE THE REBATE COMPUTATION WAS PERFORMED: 12/19/2018 FORM 990, PART VI, SECTION A, LINE 6 USRA HAS MEMBERS THAT ARE COMPRISED OF THE MEMBER UNIVERSITIES. FORM 990, PART VI, SECTION A, LINE 7A A COUNCIL, WHICH IS COMPRISED OF A REPRESENTATIVE FROM EACH MEMBER INSTITUTION, OVERSEES THE BOARD OF TRUSTEES AND IS RESPONSIBLE FOR VOTING FOR MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF REPRESENTATIVES ELECTED FROM MEMBER INSTITUTIONS AND AT LARGE MEMBERS INCLUDING A QUALIFIED FINANCIAL EXPERT, ARE DELEGATED ALL AUTHORITIES FROM THE MEMBERS EXCEPT MODIFYING BY-LAWS AND ELECTING NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND CHIEF FINANCIAL OFFICER. IT IS ALSO PROVIDED TO THE GOVERNING BODY BEFORE SUBMISSION. THE DOCUMENT IS POSTED ON A PASSWORD-PROTECTED INTERNAL WEB PAGE FOR BOARD REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD OF TRUSTEES MEETING, THE BOARD REVIEWS USRA'S CONFLICT OF INTEREST POLICY AND EACH TRUSTEE PRESENT SUBMITS A CONFLICT OF INTEREST DISCLOSURE FORM. THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO EMPLOYEES. USRA PROVIDES IN ITS EMPLOYEE HANDBOOK THAT ALL EMPLOYEES WILL IDENTIFY ANY OUTSIDE EMPLOYMENT, FINANCIAL INTEREST, OR RELATIONSHIPS THAT MIGHT CONFLICT WITH THE BEST INTEREST OF USRA AND THAT THEY WILL NOT USE PROPRIETARY INFORMATION FOR PERSONAL GAIN OR TO THE DETRIMENT OF THE ORGANIZATION. IN THE EVENT A POTENTIAL CONFLICT IS IDENTIFIED, USRA REQUIRES THE INDIVIDUAL TO RECUSE THEMSELVES FROM PARTICIPATING IN ANY AFFECTED TRANSACTION OR GOVERNING BODY DELIBERATIONS AND DECISIONS, AND TO TAKE SUCH OTHER SITUATIONALLY APPROPRIATE COURSE NEEDED TO MITIGATE OR AVOID THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 AN OUTSIDE COMPENSATION CONSULTANT IS HIRED TO COMPARE THE COMPENSATION OF TOP MANAGEMENT AND KEY EMPLOYEES TO NATIONAL, NOT-FOR-PROFIT SURVEY DATA PROVIDED BY WATSON AND WYATT. AN INDEPENDENT COMPENSATION COMMITTEE REVIEWS THE INFORMATION AND APPROVES THE COMPENSATION ARRANGEMENT. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING REGARDING THE COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION C, LINE 18 HTTPS://FACWEB.CENSUS.GOV/ FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,167,654. MANAGEMENT AND GENERAL EXPENSES 1,643,341. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,810,995. SUB-CONTRACT EXPENSES: PROGRAM SERVICE EXPENSES 29,138,993. MANAGEMENT AND GENERAL EXPENSES 5,835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,144,828. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP 296,731. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.