2022-11-15T16:55:09-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2021-01-01 541563782 ARGENTUM ARGE 7038941805 1650 KING STREET 602 ALEXANDRIA VA 22314 GINA MAMONE CHIEF FINANCIAL OFFICER 7038941805 2022-11-15 1 GINA MAMONE XXX-XX-XXXX J ANDREW SMITH P00635175 5712279500 2022-11-15 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAMES BALDA 1650 KING STREET 602 ALEXANDRIA VA 22314 18043445 0 X WWW.ARGENTUM.ORG X 1991 VA ARGENTUM IS DEDICATED TO PROFESSIONALLY OWNED, MANAGED, AND OPERATED ASSISTED SENIOR LIVING COMMUNITIES FOR SENIORS. X 24 24 37 32 740473 61217 1746738 3069421 6691706 7259543 25062 7090785 215987 491898 8679493 17911647 0 0 0 0 4564831 5077694 0 0 0 5370766 6664134 9935597 11741828 -1256104 6169819 3153013 9206006 2686662 2455681 466351 6750325 X ARGENTUM IS THE LARGEST NATIONAL ASSOCIATION EXCLUSIVELY DEDICATED TO PROFESSIONALLY OPERATED SENIOR LIVING COMMUNITIES FOR SENIORS. ITS MEMBER-DRIVEN PROGRAMS PROMOTE BUSINESS AND OPERATIONAL EXCELLENCE THROUGH NATIONAL CONFERENCES, RESEARCH, EDUCATIONAL PROGRAMS, PUBLICATIONS AND ADVOCACY. ARGENTUM IS AN ADVOCATE FOR CHOICE, INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE. 0 1 PUBLIC POLICY: ARGENTUM'S PUBLIC POLICY EFFORTS ARE FOCUSED ON ADVOCATING AND SUPPORTING MEANINGFUL LAWS AND REGULATIONS AT THE STATE AND FEDERAL LEVELS. SENIOR LIVING IS REGULATED IN ALL 50 STATES, AS WELL AS IMPACTED BY SOME FEDERAL AGENCIES. ARGENTUM EDUCATES STAKE HOLDERS AND WORKS COLLABORATIVELY ON BEHALF OF THE ALMOST 2,000,000 RESIDENTS LIVING IN SENIOR LIVING. ADVOCACY FUND: ARGENTUM ADVOCACY FUND HELPS SUPPORT PUBLIC POLICY EFFORTS TO INCLUDE SECURING FINANCIAL RELIEF, REASONABLE LIABILITY PROTECTIONS, AND INVESTING IN THE LONG-TERM NEEDS OF SENIOR LIVING PROVIDERS. CONFERENCES AND MEETINGS: THE SENIOR LIVING EXECUTIVE CONFERENCE AND EXPO ARE DESIGNED FOR EXECUTIVES IN THE SENIOR LIVING INDUSTRY. THE SESSIONS ADDRESSED CURRENT ISSUES FACING SENIOR LIVING EXECUTIVES AND PROVIDED INNOVATIVE IDEAS TO HELP EXECUTIVES NAVIGATE CHALLENGES. STRATEGIC SESSIONS PROVIDED AN OPPORTUNITY TO EXAMINE A BROAD RANGE OF TOPICS. SESSIONS PROVIDED FOR GREATER PEER-TO-PEER EXCHANGE ON TIMELY AND THOUGHT-PROVOKING TOPICS. 0 1 0 1 0 0 0 0 0 1 0 0 0 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 1 0 1 1 0 0 1 24 0 1 37 1 1 1 0 0 0 1 1 0 1 0 X 24 24 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X GINA MAMONE 7038941805 1650 KING STREET NO 602 ALEXANDRIA VA 22314 PAT MULLOY CHAIRMAN 1.50 X X 0 0 0 RANDY RICHARDSON VICE CHAIRMAN 1.50 X X 0 0 0 KAI HSIAO VICE CHAIRMAN 1.50 X X 0 0 0 CHRIS WINKLE SECRETARY 1.50 X X 0 0 0 SARABETH HANSON TREASURER 1.50 X X 0 0 0 JOEL NELSON PUBLIC POLICY COMMITTEE CO 1.50 X X 0 0 0 KATTIE POTTER PUBLIC POLICY COMMITTEE CO 1.50 X X 0 0 0 TIM BUCHANAN IMMEDIATE PAST CHAIRMAN 1.50 X 0 0 0 ARICK MORTON DIRECTOR 1.00 X 0 0 0 BRENDA J BACON DIRECTOR 1.00 X 0 0 0 CHARLIE TREFZGER DIRECTOR 1.00 X 0 0 0 CHRIS CUMMINGS DIRECTOR 1.00 X 0 0 0 CHRIS HYATT DIRECTOR 1.00 X 0 0 0 COLLETTE GRAY DIRECTOR 1.00 X 0 0 0 DAN GUILL DIRECTOR 1.00 X 0 0 0 JACK CALLISON DIRECTOR 1.00 X 0 0 0 JOE EBY DIRECTOR 1.00 X 0 0 0 JUDD HARPER DIRECTOR 1.00 X 0 0 0 KIM LODY DIRECTOR 1.00 X 0 0 0 LUCINDA BAIER DIRECTOR 1.00 X 0 0 0 MARY ELLEN PISANELLI DIRECTOR 1.00 X 0 0 0 MERCEDES KERR DIRECTOR 1.00 X 0 0 0 TANA GALL DIRECTOR 1.00 X 0 0 0 TOM GRAPE DIRECTOR 1.00 X 0 0 0 JEFF MILLER DIRECTOR - DEPARTED BY DEC 2021 1.00 X 0 0 0 AARON WEBB DIRECTOR - DEPARTED BY DEC 2021 1.00 X 0 0 0 COREY DENMAN DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 JOHN ATKINSON DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 KATHY FIERY DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 SALLY MICHAEL DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 GAYLE KVENVOLD DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 JAMES BALDA PRESIDENT/CEO 40.00 X 1099750 0 68385 GINA MAMONE CHIEF FINANCIAL OFFICER 40.00 X 216754 0 24715 MAGGIE ELEHWANY SENIOR VP PUBLIC AFFAIRS 40.00 X 258375 0 45704 BRAD WILLIAMS VP BUSINESS DEVELOPMENT 40.00 X 234062 0 35457 PAUL WILLIAMS VP GOVERNMENT RELATIONS 40.00 X 194994 0 9495 JOHN SCHULTE VP QUALITY IMPROVEMENT 40.00 X 161438 0 7531 DIANA MARTINEZ CEO TX 40.00 X 131000 0 27674 GAIL MATILLO PRESIDENT FALA 40.00 X 114250 0 20876 JESSICA MCKAY SENIOR DIRECTOR, MARKETING & COMMUNICATIONS 40.00 X 110250 0 5734 2520873 0 245571 10 0 1 0 FREEMAN PO BOX 734596 DALLAS TX 75373 CONFERENCE PRODUCTION EXPENSES 530315 FORBES TATE PARTNERS 3317 S HIGHLY ROAD SUITE 114-473 GILBERT AZ 85297 ADVOCACY CONSULTING 300000 HODES & LANDY 284 STATE STREET ALBANY NY 12210 ADVOCACY CONSULTING 232744 BEDROCK ADVOCACY COMMUNICATIONS 17 E MASONIC VIEW AVENUE ALEXANDRIA VA 22301 PUBLIC RELATIONS 185088 AVENTURA 100 N THIRD STREET PHOENIX AZ 85004 PROFESSIONAL SERVICES 179912 10 2022671 1046750 3069421 MEMBERSHIP DUES 900099 4118208 4118208 CONFERENCE & MEETINGS 900099 2432285 1513334 918951 PUBLICATIONS 541800 543208 141293 401915 CREDENTIALING FEES 900099 99856 99856 TRAINING FEES 900099 50986 50986 15000 15000 7259543 36508 36508 30964 30964 187825 6998250 131798 0 56027 6998250 7054277 6998250 56027 WEB ADVERTISING 900099 338558 338558 AMICUS BRIEF 900099 96626 96626 WEBINARS/TOOLKITS 900099 25750 25750 460934 17911647 12936927 740473 1164826 X 1983203 2511228 10231 332010 241022 112065 42564 270000 431096 1729235 182590 479228 428546 40208 1482226 140792 45392 TRAINING 478150 DIGITAL PRODUCTION 317565 STATE CHAPTER EXPENSES 232844 QUALITY WORKFORCE 110216 141417 11741828 48344 328642 1898389 1371848 317592 1382664 462208 127263 780886 605416 277695 175470 123250 5794584 25535 25535 3153013 9206006 366798 602750 1132064 1103119 650000 537800 749812 2686662 2455681 X 466351 6750325 466351 6750325 3153013 9206006 6169819 114155 0 X X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 5164958 278000 278000 671445 -393445 PART I-A, LINE 1: ARGENTUM ITSELF DOES NOT ENDORSE CANDIDATES FOR PUBLIC OFFICE, NOR DOES IT EXPLICITLY ADVOCATE FOR THE ELECTION OR DEFEAT OF PARTICULAR CANDIDATES. ARGENTUM RECEIVES FUNDS EARMARKED FOR ARGENTUM SILVER POLITICAL ACTION COMMITTEE EITHER ON THE SILVER PAC PORTAL OR ANY CASH/CHECK DONATIONS DELIVERED TO THE OFFICE ARE DEPOSITED INTO THE SILVER PAC ACCOUNT. 372442 290477 81965 408444 314939 93505 175470 DEFERRED COMPENSATION 178817 DEFERRED RENT AND LEASE INCENTIVE 521928 CAPITAL LEASE OBLIGATION 49067 749812 X PART X, LINE 2: ARGENTUM EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X X X X 0 0 0 JAMES BALDA PRESIDENT/CEO 512500 0 587250 0 0 0 28200 0 40185 0 1168135 0 0 0 MAGGIE ELEHWANY SENIOR VP PUBLIC AFFAIRS 258375 0 0 0 0 0 7751 0 37953 0 304079 0 0 0 BRAD WILLIAMS VP BUSINESS DEVELOPMENT 219062 0 15000 0 0 0 7022 0 28435 0 269519 0 0 0 GINA MAMONE CHIEF FINANCIAL OFFICER 201754 0 15000 0 0 0 6503 0 18212 0 241469 0 0 0 PAUL WILLIAMS VP GOVERNMENT RELATIONS 194994 0 0 0 0 0 5850 0 3645 0 204489 0 0 0 JOHN SCHULTE VP QUALITY IMPROVEMENT 161438 0 0 0 0 0 5743 0 1788 0 168969 0 0 0 DIANA MARTINEZ CEO TX 126000 0 5000 0 0 0 3930 0 23744 0 158674 0 0 0 THE SENIOR LIVING EXECUTIVE CONFERENCE 2021-09-10 6998250 ASSET PURCHASE PRICE 203237337 NACCME 104 WINDSOR CENTER DR 200 EAST WINDSOR NJ 08520 LLC 0 0 0 0 FORM 990, PART III, LINE 3 ON SEPTEMBER 10, 2021, ARGENTUM ENTERED INTO AN AGREEMENT TO SELL CERTAIN ASSETS AND THE BUSINESS OPERATIONS OF AN ANNUAL TRADE SHOW KNOWN AS "THE SENIOR LIVING EXECUTIVE CONFERENCE" TO AN UNRELATED THIRD PARTY. ARGENTUM RECOGNIZED A GAIN ON SALE FOR NEARLY $7,000,000. THE SALES AGREEMENT ALSO INCLUDED ANNUAL EARNOUTS TO BE RECOGNIZED FOR TEN YEARS STARTING IN 2022 BASED ON A SET PERCENTAGE OF NET REVENUE FROM THE TRADE SHOW. THE ANNUAL EARNOUT IS CONDITIONAL AS IT REQUIRES ARGENTUM TO PRODUCE AND IMPLEMENT THE ANNUAL CONFERENCE PROGRAM AND PROVIDE CERTAIN MARKETING RESPONSIBILITIES UNDER A SERVICES AGREEMENT PURSUANT TO THE SALES AGREEMENT OF THE TRADE SHOW. THE EARNOUT IS TO BE RECOGNIZED ANNUALLY AS THE PERFORMANCE OBLIGATIONS ARE SATISFIED UNDER THE SERVICES AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FEDERAL FORM 990 IS PROVIDED BY THE ACCOUNTING FIRM AND IS REVIEWED BY THE PRESIDENT/CEO AND CHIEF FINANCIAL OFFICER PRIOR TO THE FILING OF THE 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF ARGENTUM TO ASSURE THAT CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST INVOLVING DIRECTORS AND OFFICERS OF ARGENTUM ARE FULLY DISCLOSED IF THE OCCASION SHOULD ARISE. EACH DIRECTOR AND EACH OFFICER MUST PROMPTLY REPORT TO THE BOARD CHAIR AND THE PRESIDENT/CEO ANY SITUATION WHICH MIGHT CREATE A CONFLICT OF INTEREST. IN ADDITION, EACH DIRECTOR MUST EXECUTE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT LEAST ANNUALLY. PROCEDURES: 1. THE MATERIAL FACTS OF ANY MATTER MAY RESULT IN A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF A DIRECTOR OR OFFICER MUST BE DISCLOSED BY THE DIRECTOR OR OFFICER TO THE BOARD CHAIR AND THE PRESIDENT/CEO OF ARGENTUM, EITHER THROUGH THE ANNUAL DISCLOSURE STATEMENT OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. 2. THE BOARD OF DIRECTORS SHALL CAREFULLY SCRUTINIZE AND IN GOOD FAITH APPROVE OR DISAPPROVE ANY TRANSACTION IN WHICH ARGENTUM IS A PARTY AND IN WHICH ONE OR MORE OF ARGENTUM'S DIRECTORS OR OFFICERS HAS A MATERIAL FINANCIAL INTEREST. ANY INDIVIDUAL HAVING A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHOULD NOT VOTE NOR USE PERSONAL INFLUENCE ON THE MATTER. THE MINUTES OF THE MEETING SHOULD REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE DIRECTOR ABSTAINED FROM VOTING. THE BOARD OF DIRECTORS MUST APPROVE THE TRANSACTION BY A MAJORITY VOTE, WITHOUT COUNTING THE VOTE OF ANY DIRECTOR WHO HAS AN INTEREST IN THE TRANSACTION. 3. THE FOREGOING REQUIREMENT SHOULD NOT BE CONSTRUED AS TO PREVENT AN INDIVIDUAL FROM BRIEFLY STATING HIS OR HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS FROM BOARD MEMBERS, AS HIS OR HER KNOWLEDGE MAY BE OF GREAT IMPORTANCE. 4. ARGENTUM SHALL NOT ENGAGE IN ANY TRANSACTION WITH ANOTHER ENTITY WHICH HAS ONE OR MORE DIRECTORS OR OFFICERS IN COMMON WITH ARGENTUM, UNLESS AFTER THE COMMON DIRECTOR OR OFFICER DISCLOSES THE MATERIAL FACTS OF THE TRANSACTIONS AND THE DETAILS OF HIS OR HER AFFILIATION WITH THE OTHER ENTITY. ARGENTUM'S BOARD OF DIRECTORS APPROVES THE TRANSACTION IN GOOD FAITH BY A MAJORITY VOTE WITHOUT COUNTING THE VOTE OF THE COMMON DIRECTOR. 5. ARGENTUM SHALL MAKE NO LOANS OF MONEY OR PROPERTY TO A DIRECTOR OR OFFICER, NOR SHALL ARGENTUM GUARANTEE ANY OBLIGATION OF A DIRECTOR OR OFFICER, EXCEPT AS OTHERWISE EXPRESSLY PERMITTED BY THE VIRGINIA NONSTOCK CORPORATION ACT. 6. IF THERE IS A DIFFERENCE OF OPINION BETWEEN THE BOARD CHAIR, PRESIDENT/CEO AND A DIRECTOR OR OFFICER AS TO WHETHER THE FACTS OF A GIVEN CIRCUMSTANCE CONSTITUTE A POTENTIAL CONFLICT OF INTEREST WITHIN THE MEANING OF THIS POLICY STATEMENT, THE MATTER SHALL BE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHO SHALL MAKE A FINAL DETERMINATION WHETHER A POTENTIAL CONFLICT OF INTEREST SITUATION EXISTS OR NOT. 7. ANNUALLY THE PRESIDENT/CEO AND BOARD CHAIR SHALL SEND TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF ARGENTUM A COPY OF THIS POLICY AND A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO BE COMPLETED AND RETURNED. 8. THE PRESIDENT/CEO AND BOARD CHAIR OF ARGENTUM, OR HIS OR HER DESIGNEE, SHALL REVIEW EACH COMPLETED DISCLOSURE STATEMENT; SHALL MAKE SUCH FURTHER INVESTIGATION OF POSSIBLE CONFLICTS OF INTEREST AS HE OR SHE MAY DEEM APPROPRIATE; AND SHALL DETERMINE WHETHER THE INFORMATION PRESENTED ON THE DISCLOSURE STATEMENT CONSTITUTES A CONFLICT OF INTEREST. THE PRESIDENT/CEO OR BOARD CHAIR, OR HIS OR HER DESIGNEE SHALL THEN MAKE AN APPROPRIATE REPORT TO THE BOARD OF DIRECTORS CONCERNING SUCH REVIEW AND INVESTIGATION. 9. ANY PARTY WHO HAS FILED A DISCLOSURE STATEMENT AND WHO DISAGREES WITH THE DETERMINATION OF THE PRESIDENT/CEO AND BOARD CHAIR, OR HIS OR HER DESIGNEE, THAT THE MATTERS CONTAINED THEREIN DO CONSTITUTE A CONFLICT OF INTEREST, AND WHO DESIRES FURTHER REVIEW OF THE MATTER MAY REQUEST THAT THE MATTER BE SUBMITTED BY THE BOARD CHAIR TO THE EXECUTIVE COMMITTEE FOR FURTHER REVIEW AND FINAL DETERMINATION. THE BOARD CHAIR SHALL SUBMIT THE MATTER TO THE EXECUTIVE COMMITTEE ACCORDINGLY. ARGENTUM EXPECTS ALL STAFF WORKING ON BEHALF OF ARGENTUM AND ITS MEMBERSHIP TO UPHOLD CERTAIN ETHICAL STANDARDS RELATED TO EMPLOYMENT WITH ARGENTUM AND TO AVOID SITUATIONS OR DEALINGS THAT REPRESENT OR APPEAR TO REPRESENT A CONFLICT OF INTEREST. STAFF MEMBERS MAY HAVE OUTSIDE BUSINESS INTERESTS AND OUTSIDE EMPLOYMENT SO LONG AS THESE DO NOT INTERFERE WITH JOB PERFORMANCE. STAFF MEMBERS MAY NOT BENEFIT FINANCIALLY FROM OUTSIDE EMPLOYMENT OR BUSINESS INTERESTS THAT DIRECTLY RESULT FROM AN AFFILIATION FROM ARGENTUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ADOPTS AN ANNUAL PROGRAM PLAN AND BUDGET EACH YEAR, WHICH INCLUDES MEASURABLE GOALS FOR THE PRESIDENT/CEO. AT YEAR END, THE EXECUTIVE COMMITTEE MEETS TO REVIEW THE ATTAINED GOALS AND DETERMINE THE PRESIDENT/CEO'S COMPENSATION. ALONG WITH THE YEAR-END REVIEW, THE COMMITTEE ALSO DOES A COMPENSATION COMPARISON EVERY FEW YEARS USING SUCH RESOURCES AS THE ASAE COMPENSATION STUDY FOR OTHER PRESIDENT/CEO'S IN ASSOCIATIONS OF COMPARABLE SIZE AND LOCATION. NO BOARD MEMBER RECEIVES COMPENSATION. THE REVIEW OF PRESIDENT/CEO COMPENSATION IS COMPLETED ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION C, LINE 19 ARGENTUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 1,252,193. PUBLIC RELATIONS 462,581. PAYROLL FEE 9,961. HR FEES 4,500. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ARGENTUM SILVER PAC 1650 KING STREET SUITE 602 ALEXANDRIA VA 22314 831703038 POLITICAL ORGANIZATION VA 527 ARGENTUM 1 ARGENTUM NEW YORK PAC C/O HODES LANDY 284 STATE STREET ALBANY NY 12210 141783808 POLITICAL ORGANIZATION NY 527 ARGENTUM 1 ARGENTUM FOUNDATION 1650 KING STREET SUITE 602 ALEXANDRIA VA 22314 842108485 RESEARCH, EDUCATION, COMMUNITY ENGAGEMENT VA 501(C)(3) LINE 7 ARGENTUM 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0