2021-04-05T13:33:34-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 901 NORTH GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2020-01-01 521681375 BOARDSOURCE BOAR 2023492500 750 9TH STREET NW NO 520 WASHINGTON DC 200014590 ANNE WALLESTAD PRESIDENT & CEO 2023492500 2021-04-05 1 ANNE WALLESTAD 999009999 MICHAELA J CROMAR CPA P00895728 5172279500 2021-04-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ANNE WALLESTAD 750 9TH STREET NW NO 520 WASHINGTON DC 200014590 3866478 0 X WWW.BOARDSOURCE.ORG X 1990 DC TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. 9 9 24 10 0 0 533082 721118 3245256 2488986 734817 -45307 669366 553192 5182521 3717989 0 0 0 0 3067736 2144613 0 47088 173890 3309087 2581233 6376823 4772934 -1194302 -1054945 5453846 4361260 2418692 2236673 3035154 2124587 X TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. BOARDSOURCE ENVISIONS A WORLD WHERE EVERY SOCIAL SECTOR ORGANIZATION HAS THE LEADERSHIP IT NEEDS TO FULFILL ITS MISSION AND ADVANCE THE PUBLIC GOOD. 0 1 1134997 1505618 EDUCATIONAL PROGRAMS FOR MEMBERSBOARDSOURCE SUPPORTS THE TECHNICAL SUPPORT AND EDUCATIONAL NEEDS OF NONPROFIT LEADERS, BOARDS, AND ORGANIZATIONS THROUGH A SET OF MEMBERSHIP PROGRAMS DESIGNED FOR INDIVIDUAL NONPROFITS, FEDERATED NETWORKS, AND INDIVIDUAL LEADERS. THESE PROGRAMS PROVIDE OPEN ACCESS TO BOARDSOURCE'S ONLINE LIBRARY OF BOARD LEADERSHIP AND GOVERNANCE RESOURCES, AS WELL AS TECHNICAL ASSISTANCE FROM AN ON-STAFF GOVERNANCE SPECIALIST. BOARDSOURCE ALSO OFFERS THE BOARD SUPPORT PROGRAM, WHICH PROVIDES MORE IN-DEPTH SUPPORT FOR NONPROFIT BOARDS INCLUDING AN ANNUAL BOARD SELF-ASSESSMENT AND A BOARD ORIENTATION CERTIFICATE PROGRAM. 1105831 908081 ASSESSMENT AND CONSULTING SERVICESBOARDSOURCE'S ASSESSMENT & CONSULTING SERVICES HELP ORGANIZATIONS IDENTIFY CORE ISSUES IN THEIR BOARD PERFORMANCE AND DEVELOPMENT. IN 2020, BOARDSOURCE CONDUCTED APPROXIMATELY 700 BOARD AND CHIEF EXECUTIVE ASSESSMENTS AND WORKED WITH DOZENS OF ORGANIZATIONS ON MORE IN-DEPTH CONSULTING ENGAGEMENTS. IN MID-2020, THE DECISION WAS MADE TO DELIVER CONSULTING SERVICES ON A REFERRAL BASIS ONLY, WHICH RESULTED IN A SIGNIFICANT CONTRACTION OF CONSULTING REVENUES AND EXPENSES. 978876 SECTOR LEADERSHIP INITIATIVES BOARDSOURCE'S RESEARCH AND LEADERSHIP CALLS ATTENTION TO THE IMPORTANCE OF STRONG BOARDS, CREATING AWARENESS AND ACTION AROUND CHALLENGES FACING NONPROFIT LEADERS AND IDENTIFYING OPPORTUNITIES TO UNLEASH GREATER IMPACT FOR THE SECTOR AS A WHOLE. BOARDSOURCE'S LEADERSHIP ALSO FOCUSES ON IDENTIFYING AND INTERPRETING TRENDS IMPACTING NONPROFIT LEADERSHIP PERFORMANCE AND EFFECTIVENESS AND GENERATING EVIDENCE-BASED RECOMMENDATIONS FOR BOARD PRACTICE. OF PARTICULAR IMPORTANCE IS BOARDSOURCE'S WORK TO UNDERSTAND AND ADDRESS THE LACK OF RACIAL AND ETHNIC DIVERSITY ON NONPROFIT BOARDS, WHICH WE BELIEVE IS ESSENTIAL TO THE SOCIAL SECTOR'S ABILITY TO ADVANCE THE PUBLIC GOOD AND CREATE A MORE JUST AND EQUITABLE SOCIETY. 223267 BOARDSOURCE LEADERSHIP FORUMBOARDSOURCE'S BIENNIAL CONFERENCE, THE BOARDSOURCE LEADERSHIP FORUM, CONVENES NONPROFIT BOARD MEMBERS, CHIEF EXECUTIVES, AND OTHERS TO BUILD POSITIVE MOMENTUM AND LEARNING FOCUSED ON STRENGTHENING NONPROFIT LEADERSHIP AT THE HIGHEST LEVEL - THE BOARD OF DIRECTORS. THE CONFERENCE PLANNED FOR MAY, 2020 IN ST. LOUIS WAS CANCELED DUE TO COVID RESTRICTIONS. PLANNING FOR FUTURE CONVENINGS WILL OCCUR IN 2021. 196510 75287 PROFESSIONAL DEVELOPMENT PROGRAMSBOARDSOURCE'S PROFESSIONAL DEVELOPMENT PROGRAMS PROVIDE LEADERSHIP DEVELOPMENT AND LEARNING PROGRAMMING FOR NONPROFIT EXECUTIVES AND CONSULTANTS TO BOARDS. BOARDSOURCE'S TRAINING PROGRAMS REACHED MORE THAN 800 NONPROFIT LEADERS IN 2020. 73141 219350 EDUCATIONAL RESOURCESBOARDSOURCE'S LIBRARY OF NONPROFIT BOARD LEADERSHIP RESOURCES INCLUDES MORE THAN 400 PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2020 ALONE, MORE THAN 500,000 WRITTEN RESOURCES WERE ACCESSED BY NONPROFIT LEADERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. 492918 294637 3712622 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 24 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X JOAN PAYNE 2023492500 750 9TH STREET NW SUITE 520 WASHINGTON DC 20001 ANNE WALLESTAD PRESIDENT & CEO 40.00 X 241962 0 18314 JAMES TAYLOR VP OF LEADERSHIP INITIATIVES 40.00 X 148763 0 18709 ANDREW DAVIS ASSOCIATE VP-MEMBER EDU & OUTREACH 40.00 X 121659 0 10838 JUDY RECKELHOFF CHIEF OF STAFF 40.00 X 120227 0 11607 TAKITA BATTLE DIR OF CORP & FEDERATED PARTNERSHIPS 40.00 X 104417 0 12489 JOAN PAYNE VICE PRESIDENT OF FINANCE 25.00 X 103373 0 4146 JENIFER HOLLAND ASSOCIATE VP, CONSULTING & LEARNING PRACTICE, UNTI 40.00 X 100499 0 7551 CATHY TROWER BOARD CHAIR - PARTIAL YEAR 6.00 X X 0 0 0 JULIA WILSON BOARD CHAIR - PARTIAL YEAR 3.00 X X 0 0 0 YANELA FRIAS VICE CHAIR - PARTIAL YEAR 4.00 X X 0 0 0 MARK SHAMLEY VICE CHAIR - PARTIAL YEAR 3.00 X 0 0 0 CAROL GOSS SECRETARY 3.00 X X 0 0 0 KEITH LIEDERMAN TREASURER 4.00 X X 0 0 0 RICK MOYERS BOARD MEMBER 3.00 X 0 0 0 GENE TAKAGI BOARD MEMBER 3.00 X 0 0 0 JUDY VREDENBURGH BOARD MEMBER 2.00 X 0 0 0 KEVIN WALKER BOARD MEMBER 3.00 X 0 0 0 940900 0 83654 7 0 1 0 SOCIAL LEGENDS 601 W FRY RD GOSPORT IN 47433 CONSULTING & TRAINING SERVICES 123278 NONPROFIT HR SOLUTIONS LLC 1400 EYE STREET NW STE 500 WASHINGTON DC 20005 OUTSOURCED HR CONSULTING 107346 2 721118 721118 MEMBERSHIP DUES 900099 1505618 1505618 ASSESSMENTS 900099 600500 600500 CONSULTING 900099 307581 307581 TRAINING FEES 900099 75287 75287 2488986 69283 69283 63356 63356 266223 0 266223 266223 266223 114590 -114590 -114590 -114590 253249 33899 219350 219350 4263 4263 4263 3717989 2708336 0 288535 X 367795 171303 163420 33072 1483584 1220222 233843 29519 46399 39086 6580 733 90853 69938 18694 2221 155982 117698 33142 5142 15451 12624 1679 1148 31361 31361 47088 47088 847874 796148 47183 4543 4308 3527 677 104 84435 63597 16576 4262 119408 97755 18774 2879 8981 8981 932491 697876 205894 28721 19411 15891 3052 468 2999 2617 335 47 1450 1187 228 35 265126 198420 58540 8166 39412 32265 6197 950 LICENSES/PERMITS 148374 121469 23328 3577 REPAIRS & MAINTENANCE 18564 15198 2919 447 DUES & SUBSCRIPTIONS 17923 14673 2818 432 SHIPPING/POSTAGE/PRINTI 14682 14349 292 41 8983 6779 1909 295 4772934 3712622 886422 173890 330 330 301193 297460 460500 5000 204823 42387 134264 144902 176697 217658 668693 375846 818686 292847 3357353 3360676 5453846 4361260 337798 412539 1406299 1110070 674595 714064 2418692 2236673 X 1676685 1663758 1358469 460829 3035154 2124587 5453846 4361260 -1054945 144378 0 X 0 1 X 1 0 X 1562662 1415071 2956421 533082 721118 7188354 3657712 5036885 4266656 3624047 2742235 19327535 5220374 6451956 7223077 4157129 3463353 26515889 822875 625000 850000 25000 2322875 16628 384944 108156 172776 682504 839503 1009944 958156 172776 25000 3005379 23510510 284014 424324 459544 432717 398862 1999461 284014 424324 459544 432717 398862 1999461 143 143 50042 9242 3966 2233 4263 69746 5554430 6885665 7686587 4592079 3866478 28585239 0.82250 0.82470 0.06990 0.05720 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 210 0 210 4772724 4772934 388647 97162 0 0 467688 461961 6345842 388647 7664138 11496207 4527 6440 4911 210 16088 116922 115490 116885 97162 446459 669689 4527 4141 4911 210 13789 330198 13424 343622 298280 31918 330198 309515 -11235 298280 325011 25411 40907 309515 298130 26881 325011 0.08460 0.30020 0.61520 0 0 653750 369869 283881 14943 5977 8966 292847 DEFFERED RENT 257652 PAYROLL PROTECTION PROGRAM LOAN 456412 714064 X 4123249 144378 112393 256771 3866478 -148489 -148489 3717989 5033816 112393 148489 260882 4772934 0 4772934 PART V, LINE 4: THE JUDITH O'CONNOR MEMORIAL FUND: AN ENDOWMENT THAT GENERATES EARNINGS TO SUPPORT A LECTURESHIP WHICH WILL HONOR OUTSTANDING LEADERS AND THINKERS IN THE NONPROFIT SECTOR FOR THEIR ACHIEVEMENTS IN NONPROFIT LEADERSHIP OR THEIR CONTRIBUTION TO THE FIELD OF NONPROFIT GOVERNANCE, AND SCHOLARSHIPS TO ATTEND THE BOARDSOURCE LEADERSHIP FORUM. PART X, LINE 2: BOARDSOURCE IS EXEMPT FROM FEDERAL TAXES UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AS A SECTION 501(A) ORGANIZATION. THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT BOARDSOURCE IS A PUBLICLY SUPPORTED ORGANIZATION. BOARDSOURCE'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. BOARDSOURCE IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -33,899. LOSS ON DISPOSAL OF FIXED ASSETS -114,590. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 33,899. LOSS ON DISPOSAL OF FIXED ASSETS 114,590. X X X 1 SPARK POINT FUNDRAISING LLC 1 THOMAS CIRCLE STE 700 WASHINGTON DC 20005 GRANT WRITING AND REPORTING SERVICES 0 0 31000 -31000 ORR GROUP 3000 K STREET NW STE 280 WASHINGTON DC 20007 SPONSORSHIP PROSPECT RESEARCH AND OUTREACH SERVICES 0 0 16088 -16088 47088 -47088 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X X X X X 1 0 0 0 0 0 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 241962 0 0 0 0 0 9907 0 8407 0 260276 0 0 0 JAMES TAYLOR VP OF LEADERSHIP INITIATIVES 148263 0 500 0 0 0 6197 0 12512 0 167472 0 0 0 PART I, LINE 4A JENNIFER HOLLAND, ASSOCIATE VP CONSULTING & LEARNING, RECEIVED $43,778 IN SEVERANCE PAYMENT DURING THE YEAR 2020. FORM 990, PART III, LINE 3 THE CONSULTING PRACTICE HAS TRANSITIONED TO AN ALL-REFERRAL BASED PROGRAM WHICH RESULTED IN A SIGNIFICANT CONTRACTION OF CONSULTING REVENUE AND EXPENSES. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEES HAVE THE AUTHORITY TO ACT ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS ANNUALLY AND REPORTS TO THE FULL BOARD OF DIRECTORS. IF A CONFLICT IS DISCLOSED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF DIRECTORS FOR ANY REQUIRED BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE PRESIDENT & CEO, A COMPENSATION ANALYSIS IS COMPLETED. IN 2020, THIS ANALYSIS WAS COMPILED BY AN EXTERNAL HR FIRM, NONPROFIT HR, USING COMPARABLE SALARY DATA FROM THREE SALARY SURVEYS. ADDITIONALLY, COMPARABLE ORGANIZATION SALARY AND BENEFIT INFORMATION IS COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE VICE CHAIR, WHO CHAIRS THE COMPENSATION AND EVALUATION COMMITTEE, AS WELL AS THE COMPENSATION AND EVALUATION COMMITTEE. THEY PROVIDE ANY RECOMMENDATIONS TO THE FULL BOARD ON A SALARY INCREASE FOR THE PRESIDENT & CEO. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASE IN COMPENSATION FOR THIS POSITION REQUIRES APPROVAL OF THE BOARD. IN 2020, THERE WAS NO INCREASE TO EXECUTIVE COMPENSATION. ANY INCREASES IN COMPENSATION FOR OFFICERS & KEY EMPLOYEES REQUIRES APPROVAL OF THE BOARD. ALTHOUGH MS. PAYNE IS TREATED AS AN OFFICER FOR PURPOSES OF THE 990 AS THE TOP FINANCIAL OFFICIAL, SHE IS NOT A LEGAL OFFICER OF THE CORPORATION AND THEREFORE HER COMPENSATION IS NOT SUBJECT TO BOARD APPROVAL, BUT IS REVIEWED AND APPROVED BY THE CEO IN A MANNER THAT IS CONSISTEND WITH THE REST OF THE STAFF. THE LAST TIME THAT BOARDSOURCE HAD EMPLOYEES OTHER THAN THE CEO WHO WERE CLASSIFIED AS OFFICERS OR KEY EMPLOYEES AND WHO RECEIVED A COMPENSATION ADJUSTMENT WAS IN 2012. FORM 990, PART VI, SECTION C, LINE 19 PAST 5 YEARS AUDITS ARE AVAILABLE ON OUR WEBSITE. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G FEES FOR OTHER SERVICES: PROGRAM SERVICE EXPENSES 254,876. MANAGEMENT AND GENERAL EXPENSES 43,366. FUNDRAISING EXPENSES 4,010. TOTAL EXPENSES 302,252. CONSULTING SUBCONTRACTORS: PROGRAM SERVICE EXPENSES 176,092. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 176,092. CREDIT CARD PROCESSING FEES: PROGRAM SERVICE EXPENSES 58,083. MANAGEMENT AND GENERAL EXPENSES 3,817. FUNDRAISING EXPENSES 533. TOTAL EXPENSES 62,433. CONSULTANTS: PROGRAM SERVICE EXPENSES 307,097. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 307,097.