2022-11-15T09:21:06-06:00 2021-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2021-01-01 260003391 THE SURETY & FIDELITY ASSOCIATION OF AMERICA SURE 2024630600 1140 19TH STREET NW 500 WASHINGTON DC 200366617 J LEE COVINGTON II PRESIDENT & CEO 2024630600 2022-11-15 1 J LEE COVINGTON II 999009999 J CALVIN MARKS P01226973 9197196400 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z J LEE COVINGTON II 1140 19TH STREET NW 500 WASHINGTON DC 200366617 12786809 0 X WWW.SURETY.ORG X 2001 DC SEE SCHEDULE O 17 17 17 500 0 0 0 0 5366178 5332910 126229 100019 30126 30625 5522533 5463554 5500 5700 0 0 3133742 3317964 0 0 0 2182511 1695310 5321753 5018974 200780 444580 6450866 6311945 3489171 2659740 2961695 3652205 X PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS. 0 0 LEGAL AFFAIRS AND LEGISLATION: FEES PAID TO MONITOR LEGISLATION AND HIRE ATTORNEYS TO PROVIDE LEGAL ADVICE ON MATTERS RELATED TO SURETY AND FIDELITY BONDS. STATISTICAL REPORTS AND ANALYSIS: DATA AND REPORTS REGARDING THE SURETY AND FIDELITY INDUSTRIES PROVIDED TO MEMBERS AND OTHER INTERESTED PARTIES. EDUCATION AND PROMOTION: PUBLIC SERVICE INFORMATION TO EDUCATE CONSUMERS AND GOVERNMENT OFFICIALS ABOUT SURETY AND FIDELITY BONDS. E-BUSINESS 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 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 26 0 1 17 1 0 0 0 0 1 1 0 0 0 X 17 17 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 2024630600 1140 19TH STREET NW 500 WASHINGTON DC 200366617 JOHN WELCH CHAIR 0.50 X X 0 0 0 BOB MURRAY VICE-CHAIR 0.50 X X 0 0 0 LARRY TAYLOR PAST CHAIR 1.00 X 0 0 0 ANTONIO ALBANESE DIRECTOR 0.50 1.00 X 0 0 0 STEVE ANDERSON DIRECTOR 0.50 X 0 0 0 KEN BEARLEY DIRECTOR (FROM MAY '21) 0.50 X 0 0 0 KENNETH CHAPMAN DIRECTOR 0.50 1.00 X 0 0 0 RICK CIULLO DIRECTOR 1.00 1.00 X 0 0 0 GARY DUNBAR DIRECTOR (TO JAN '21) 0.50 X 0 0 0 NANCY GIORDANO-RAMOS DIRECTOR (TO DEC '21) 0.50 X 0 0 0 STEPHEN HANEY DIRECTOR 0.50 X 0 0 0 JAMES KAWIECKI DIRECTOR 0.50 X 0 0 0 MICHAEL KEIMIG DIRECTOR 0.50 X 0 0 0 SHAWN LYNCH DIRECTOR (TO SEP '21) 0.50 X 0 0 0 TIM MIKOLAJEWSKI DIRECTOR 1.00 1.00 X 0 0 0 ALAN PAVLIC DIRECTOR 0.50 X 0 0 0 SARINA PUCCIO DIRECTOR (FROM SEP '21) 0.50 X 0 0 0 ROBERT RANEY DIRECTOR 0.50 1.00 X 0 0 0 MICHAEL SEFF DIRECTOR 0.50 X 0 0 0 GARY STUMPER DIRECTOR 0.50 X 0 0 0 J LEE COVINGTON II PRESIDENT & CEO 50.00 1.00 X 614692 0 22048 JULIE ALLEYNE VP, POLICY; GEN COUNSEL, SECR-TREASURER 45.00 X 234984 0 35905 PETER ROTH VP, STRAT COMM, MKT, & RESEARCH 40.00 X 222036 0 11440 WILLIAM HEINBOKEL DIR, FIDELITY & REG COMPLIANCE 40.00 X 217676 0 14145 ADAM D BRACKEMYRE VP, GOVERNMENT AFFAIRS 40.00 X 183285 0 11369 STEPHEN TAYLOR DIR, POLICY & ASST GEN COUNSEL 40.00 X 167543 0 12530 ALAN CLARK ACTUARY 40.00 X 135243 0 16310 EDWARD O'DONNELL MGR, STATISTICAL 40.00 X 127285 0 18208 DALTON DEFENDIS DIR, GOVT AFFAIRS 40.00 X 124236 0 8404 LINDSAY M GRAHAM DIR, MARKETING & COMMUNICATIONS 40.00 X 120206 0 0 2147186 0 150359 10 0 1 0 INSURANCE SERVICE OFFICES INC PO BOX 27507 NEW YORK NY 10087 STATISTICAL DATA PROCESSING 214300 CGCN GROUP LLC 1101 K ST NW 650 WASHINGTON DC 20005 STRATEGIC COMMUNICATIONS 130000 BLUESTREAK LEARNING PO BOX 2013 GLEN ELLYN IL 60138 STRATEGIC CONSULTING 119263 3 MEMBERS' ASSESSMENTS 900099 5001505 5001505 STATISTICAL FILERS 900099 194000 194000 STUDIES AND SURVEYS 900099 104905 104905 SUBSCRIBER FEES 900099 32500 32500 5332910 71642 71642 30625 30625 7351632 7323255 28377 28377 28377 5463554 5332910 0 130644 5700 1567580 1105125 364529 112464 168266 32033 118066 275057 26805 144044 50741 110922 288994 15542 142858 63056 37852 STAT. REPORTS & ANALYSI 237706 AMICUS BRIEFS 54923 COMPENSATION SURVEY 28200 68511 5018974 169707 1307015 470592 83791 86207 14448 14448 127865 118975 805435 525894 321860 279541 4849297 3611053 883898 424114 6450866 6311945 386865 493174 7500 3094806 2166566 3489171 2659740 X 2961695 3652205 2961695 3652205 6450866 6311945 X 444580 -95255 341185 X X 0 1 X 1 0 0 0 1 5001505 435418 115274 550692 426327 124365 477056 290775 186281 314182 220922 93260 14197 14197 0 279541 DEFERRED COMPENSATION 424114 424114 ACCRUED POST-RETIREMENT BENEFITS 1411410 DEFERRED RENT 297019 ALLOWANCE 190809 DEFERRED COMPENSATION 183384 INS. DEPT EXAM. RESERVE 83944 2166566 X PART X, LINE 2: MANAGEMENT EVALUATED TAX POSITIONS AND CONCLUDED THAT THE ENTITIES HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, NO PROVISION FOR INCOME TAXES WAS MADE FOR THE ORGANIZATION, AS NEITHER ORGANIZATION HAD ANY SIGNIFICANT NET UNRELATED BUSINESS INCOME AND DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS REQUIRING RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. X X X X 0 0 0 J LEE COVINGTON II PRESIDENT & CEO 442000 0 170000 0 2692 0 9775 0 12273 0 636740 0 0 0 JULIE ALLEYNE VP, POLICY; GEN COUNSEL, SECR-TREASU 193695 0 40280 0 1009 0 12088 0 23817 0 270889 0 0 0 PETER ROTH VP, STRAT COMM, MKT, & RESEARCH 190550 0 30488 0 998 0 11440 0 0 0 233476 0 0 0 WILLIAM HEINBOKEL DIR, FIDELITY & REG COMPLIANCE 189724 0 26946 0 1006 0 13173 0 972 0 231821 0 0 0 ADAM D BRACKEMYRE VP, GOVERNMENT AFFAIRS 157797 0 24750 0 738 0 8435 0 2934 0 194654 0 0 0 STEPHEN TAYLOR DIR, POLICY & ASST GEN COUNSEL 144439 0 22403 0 701 0 8442 0 4088 0 180073 0 0 0 ALAN CLARK ACTUARY 117439 0 17253 0 551 0 8435 0 7875 0 151553 0 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS. FORM 990, PART VI, SECTION A, LINE 6 ANY COMPANY LICENSED TO ENGAGE IN THE BUSINESS OF SURETY OR FIDELITY BONDING, OR AS A REINSURER, AND MEETING SUCH OTHER CRITERIA AS MAY BE DETERMINED FROM TIME TO TIME BY THE BOARD OF DIRECTORS, IS ELIGIBLE TO BECOME A MEMBER UPON ITS APPLICATION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION SHALL VOTE TO ELECT DIRECTORS EACH YEAR AT THE ANNUAL MEETING. IN ADDITION, THE PRESIDENT SERVES ON THE BOARD IN AN EX OFFICIO, NON-VOTING CAPACITY. TO FACILITATE VOTING FOR MEMBERSHIP ON THE BOARD OF DIRECTORS AT AN ANNUAL OR OTHER MEETING, THE BOARD OF DIRECTORS WILL APPOINT A NOMINATING COMMITTEE OF FIVE MEMBERS AT LEAST THREE WEEKS PRIOR TO THE MEETING. THE NOMINATIONS PROPOSED BY THIS MEMBER COMMITTEE WILL BE DISTRIBUTED TO ALL MEMBERS AT LEAST ONE WEEK PRIOR TO THE MEETING. OTHER NOMINATIONS ARE ALLOWED AT THE MEETING. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT DISTRIBUTES THE DRAFT OF THE FORM 990 AND RELATED SCHEDULES TO THE SFAA EXECUTIVE COMMITTEE AND MAKES IT AVAILABLE TO BOARD MEMBERS FOR INSPECTION PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SFAA BOARD OF DIRECTORS REQUIRES ALL DIRECTORS, OFFICERS AND EMPLOYEES TO COMPLETE AND SUBMIT AN ANNUAL STATEMENT OF DISCLOSURE DETAILING ANY FACTS OR CIRCUMSTANCES THAT MIGHT CONSTITUTE A CONFLICT OF INTEREST. THE BOARD OF DIRECTORS FURTHER REQUIRES DIRECTORS, OFFICERS AND EMPLOYEES TO SUBMIT AN AMENDED STATEMENT OF DISCLOSURE TO REFLECT ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION THAT MAY ARISE DURING THE COURSE OF THE YEAR. DIRECTORS, OFFICERS AND EMPLOYEES ARE ENCOURAGED TO ERR ON THE SIDE OF DISCLOSURE AND TO REPORT ANY SET OF CIRCUMSTANCES THAT MAY APPEAR TO POSE A CONFLICT OF INTEREST, EVEN IF THERE IS UNCERTAINTY AS TO WHETHER SUCH CIRCUMSTANCES SHOULD BE DISCLOSED. THE BOARD OF DIRECTORS RECOGNIZES THAT CONFLICTS OF INTEREST ARE NOT UNCOMMON, AND THAT NOT ALL CONFLICTS OF INTEREST ARE NECESSARILY HARMFUL TO SFAA. HOWEVER, THE BOARD REQUIRES FULL DISCLOSURE OF ALL ACTUAL AND POTENTIAL CONFLICTS OF INTEREST. UNDER THE POLICY, THE BOARD OF DIRECTORS DETERMINES WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF SFAA. A DIRECTOR, OFFICER OR EMPLOYEE WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE, OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD OF DIRECTORS DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE WHETHER THE CONFLICT SHOULD BE WAIVED OR IDENTIFY AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED DIRECTOR, OFFICER OR EMPLOYEE FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED IN DETERMINING SALARIES FOR THE PRESIDENT & CEO AND OTHER TOP MANAGEMENT POSITIONS. THE ASSOCIATION PURCHASES THE CEO COMPENSATION SURVEY PERIODICALLY. IN 2018, WE HIRED AN OUTSIDE FIRM FOR AN EXECUTIVE COMPENSATION PROJECT TO DETERMINE WHETHER ALL POSITIONS WERE WITHIN APPROPRIATE RANGES IN THE INDUSTRY. IN ADDITION, THE COMPENSATION COMMITTEE (COMPRISED OF BOARD MEMBERS) FREQUENTLY PERFORMS INDEPENDENT RESEARCH ON SALARIES. COMPENSATION SURVEYS FOR ASSOCIATIONS ALSO ARE REVIEWED TO DETERMINE KEY POSITION SALARIES, AND THE DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: PENSION PLAN ADJUSTMENT 285,421. POSTRETIREMENT PLAN ADJUSTMENT 55,764. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PREVIOUS YEAR. THE SURETY FOUNDATION 1140 19TH STREET NW STE 500 WASHINGTON DC 200364347 731728689 SCHOLARSHIPS DC 501(C)(3) LINE 7 THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1 THE SURETY & FIDELITY ASSOCIATION OF AMERICA PAC 1140 19TH STREET NW STE 500 WASHINGTON DC 200364347 832558759 POLITICAL ACTION COMMITTEE DC 527 THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0