2021-11-11T05:16:59-06:00 2020-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2020-01-01 346610067 SHRM FOUNDATION INC SHRM 7035356020 1800 DUKE STREET ALEXANDRIA VA 223143499 SEAN RODDY CHIEF FINANCIAL OFFICER 7035356020 2021-11-10 1 SEAN RODDY 999009999 AARON M FOX P01365820 2022274000 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z WENDI SAFSTROM 1800 DUKE STREET ALEXANDRIA VA 223143499 18545316 0 X WWW.SHRM.ORG/FOUNDATION X 1966 OH ELEVATE AND EMPOWER HR AS A SOCIAL FORCE AND MOBILIZE THE POWER OF HR AND THE GENEROSITY OF DONORS TO LEAD POSITIVE SOCIAL CHANGE IMPACTING WORK, WORKERS, AND THE WORKPLACE. 11 10 12 180 0 0 3694405 4093627 249065 175000 382105 2399821 0 0 4325575 6668448 625032 481652 0 0 809988 1182036 87240 45484 375182 940511 1977644 2462771 3686816 1862804 2981632 22884199 25309940 957045 1322681 21927154 23987259 X THE SHRM FOUNDATION IS BUILDING A BETTER WORLD WHERE ORGANIZATIONS AND PEOPLE THRIVE BY INSPIRING AND EMPOWERING HR PROFESSIONALS TO UNLOCK HUMAN POTENTIAL AND LEAD SOCIAL CHANGE IN THE WORKPLACE. THE SHRM FOUNDATION IS ON A MISSION TO MOBILIZE THE POWER OF HR BY:- RECOGNIZING DIFFERENCES THAT MAKE WORKPLACES STRONGER AND BUILDING INCLUSIVE CULTURES WHERE WE ALL SUCCEED. - DEVELOPING THE NEXT GENERATION OF HR LEADERS THAT WILL ENSURE SUSTAINED GROWTH FOR PEOPLE AND ORGANIZATIONS.- BUILDING UPON ESTABLISHED THOUGHT LEADERSHIP WITH NEW RESEARCH THAT OFFERS SCALABLE, EVIDENCE-BASED HR SOLUTIONS FOR ORGANIZATIONS OF ALL SIZES AND TYPES. 0 0 2242465 175000 THE FOUNDATION INSPIRES AND EMPOWERS HR TO LEAD SOCIAL CHANGE IN THE WORKPLACE: INSPIRE AND INFLUENCE/LEAD THE CREATION OF INCLUSIVE WORKPLACE CULTURES, RECOGNIZE AND CELEBRATE VISIONARY, INNOVATIVE BUSINESS PRACTICE, COLLABORATE WITH INTERNAL STAKEHOLDERS AND EXTERNAL THOUGHT LEADERS TO COMMISSION RESEARCH LINKED TO SAFE AND INCLUSIVE WORKPLACES, TALENT SHORTAGES AND OPPORTUNITIES FOR INCREASING INTEREST IN HR / HR PROFESSIONALS OF THE FUTURE, MOBILIZE HR PROFESSIONALS TO ACTIVATE EVIDENCE-BASED PROGRAMMATIC SOLUTIONS, AND ELEVATE HR BY PROMOTING HR AS THE VEHICLE TO EFFECT SOCIAL CHANGE. 659079 481652 THE FOUNDATION INSPIRES AND EMPOWERS THE NEXT GENERATION OF HR LEADERS: INSPIRE STUDENTS, YOUNG PROFESSIONALS, AND UNTAPPED TALENT POOLS TO PURSUE AND ADVANCE THEIR CAREERS IN HR, MOBILIZE FUTURE HR LEADERS TO LEARN AND GROW WITH ACTIVE SUPPORT FROM PROFESSIONAL MEMBERS, AND SCHOLARSHIPS, AWARDS AND GRANTS TO FURTHER THEIR EDUCATION/PROFESSIONAL DEVELOPMENT, AND ELEVATE HR BY PROMOTING HR JOBS AND CAREERS AT THE EARLIEST OF STAGES. 2901544 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 21 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS MO NH NJ NM NY NC OR PA RI SC TN UT VA WV WI X SEAN RODDY 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 JOHNNY C TAYLOR JR SHRM-SCP DIR/SHRM PRES&CEO/HRPS DIR 1.00 39.00 X 0 1288782 668405 WENDI SAFSTROM EXECUTIVE DIRECTOR 40.00 X 255686 0 79889 ELLEN CHRISTMAN DIRECTOR, ENGAGEMENT & PHILANTHROPY 40.00 X 149800 0 3935 MARIYA CHETYRKINA DIRECTOR, FOUNDATION PROGRAMS 40.00 X 107012 0 20859 ELIZABETH SARTAIN SHRM-SCP CCP CHAIR 1.00 X X 0 0 0 TOM MATHEWS SECRETARY/TREASURER 1.00 X X 0 0 0 CAMILLE CHANG GILMORE DIRECTOR 1.00 X 0 0 0 EDIE GOLDBERG PHD DIRECTOR 1.00 X 0 0 0 PAULA HARVEY SHRM-SCP DIRECTOR 1.00 X 0 0 0 GARY LATHAM PHD DIRECTOR 1.00 X 0 0 0 JIM LINK SHRM-SCP DIRECTOR 1.00 X 0 0 0 JEFF NALLY SHRM-SCP DIRECTOR 1.00 X 0 0 0 DAN PURUSHOTHAM PHD DIRECTOR 1.00 X 0 0 0 MELISSA SIMKINS DIRECTOR 1.00 X 0 0 0 512498 1288782 773088 3 0 1 0 MEDL MOBILE ENTERPRISES LLC 4 STUDEBAKER IRVINE CA 92618 TECHNOLOGY SERVICES 269948 1 1246966 2846661 4093627 CONTRACT INCOME 900099 175000 175000 175000 420634 420634 13856055 11876868 1979187 1979187 1979187 6668448 175000 0 2399821 X 479152 479152 2500 2500 335573 251681 36912 46980 647479 542578 32651 72250 64692 57414 1093 6185 76354 62305 4987 9062 57938 47108 3899 6931 27211 27211 45484 45484 97340 97340 1314829 1073740 135093 105996 350000 350000 20587 276 20070 241 30445 2835 24723 2887 5386 550 4836 TEMPORARY HELP 109535 19917 20549 69069 MISCELLANEOUS 11585 11488 97 DUES/SUBSCRIPTIONS 10726 726 10000 3686816 2901544 410090 375182 1456459 1796501 1552536 448821 388279 564115 70000 0 53225 43333 19330461 22011532 33239 445638 22884199 25309940 373610 606372 0 17500 583435 698809 957045 1322681 X 18028093 19724631 3899061 4262628 21927154 23987259 22884199 25309940 X 2981632 -727567 -193960 X 0 1 X 1 0 X 2125920 1923639 2156318 3694405 4093627 13993909 2125920 1923639 2156318 3694405 4093627 13993909 5852915 8140994 441168 513316 453906 533794 420634 2362818 90 10217 10307 16367034 424239 0.49740 0.47490 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2016 AMOUNT: $ 90. 2017 AMOUNT: $ 10,217. 2018 AMOUNT: $ 0. 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2661670 251012 27712 2884970 1592593 1000000 104591 35514 2661670 1676712 -65357 18762 1592593 1613997 94406 31691 1676712 1564676 55000 29877 35556 1613997 0.24264 0.65154 0.10582 0 0 0 ACCRUED PENSION COST 698809 698809 X 6240879 -727567 397338 -330229 6571108 97340 97340 6668448 3986814 397338 397338 3589476 97340 97340 3686816 PART V, LINE 4: THE FOUNDATION'S GENERAL ENDOWMENT WAS ESTABLISHED IN 2007 FROM A CONTRIBUTION FROM SHRM. ALL EARNINGS ON THESE FUNDS ARE TO BE AVAILABLE TO SUPPORT THE GENERAL OPERATIONS OF THE FOUNDATION. THE ENDOWED SCHOLARSHIP FUND WAS ESTABLISHED IN 2014 FOR THE SPONSORSHIP OF SCHOLARSHIPS AWARDED FOR ACADEMIC STUDIES, SHRM CERTIFICATION, AND PROFESSIONAL DEVELOPMENT. INTEREST AND DIVIDENDS ON THESE FUNDS ARE TO BE USED FOR AWARDS TO INDIVIDUALS IN THE FIELD OF HUMAN RESOURCES. THE BOARD OF DIRECTORS OF THE FOUNDATION ESTABLISHED THE M.R. LOSEY FUND AND THE SUSAN R. MEISINGER FELLOWSHIP FUND. THE M.R. LOSEY FUND SUPPORTS AN AWARD GIVEN ANNUALLY TO AN INDIVIDUAL WHO HAS DEMONSTRATED SIGNIFICANT CONTRIBUTIONS IN THE FIELD OF HUMAN RESOURCES. THE SUSAN R. MEISINGER FUND EARNINGS, UP TO $10,000 ANNUALLY, ARE FOR A FELLOWSHIP FOR AT LEAST ONE SELECTED GRADUATE STUDENT IN THE FIELD OF HUMAN RESOURCES. THE RAM CHARAN CHRO HR INNOVATION FUND WAS ESTABLISHED IN 2019 WITH INTEREST AND DIVIDENDS ON THESE FUNDS DESIGNATED TO SUPPORT AN ANNUAL AWARD OF UP TO $50,000 FOR AN HR PRACTITIONER WHO HAS THE REAL-WORLD SKILLS TO BUILD A HEALTHY FUTURE FOR AN ORGANIZATION AND ITS PEOPLE WHILE DELIVERING BUSINESS RESULTS. PART X, LINE 2: THE FOUNDATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2020, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X X X 1 ORR GROUP INC ONE CHURCH ST STE 300 ROCKVILLE MD 20850 STRATEGIC CONSULTING 0 0 45484 -45484 45484 -45484 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS MO NH NJ NM NV NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI 1 CERTIFICATION AWARDS 242 166568 ACADEMIC AWARDS 64 308594 PROFESSIONAL AWARDS 3 3990 0 0 0 0 0 0 1 1 0 JOHNNY C TAYLOR JR SHRM-SCP DIR/SHRM PRES&CEO/HRPS DIR 0 787699 0 480000 0 21083 0 645592 0 22813 0 1957187 0 0 WENDI SAFSTROM EXECUTIVE DIRECTOR 214646 0 40000 0 1040 0 76339 0 3550 0 335575 0 0 0 ELLEN CHRISTMAN DIRECTOR, ENGAGEMENT & PHILANTHROPY 149039 0 0 0 761 0 3935 0 0 0 153735 0 0 0 PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR WAS APPROVED BY SHRM'S CHIEF HUMAN RESOURCES OFFICER IN CONSULTATION WITH THE FOUNDATION BOARD CHAIR. THE FOLLOWING WAS USED TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR: INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, AND A COMPENSATION SURVEY OR STUDY. COMPENSATION AMOUNTS ARE COMMENSURATE WITH THE EXTERNAL MARKET AND DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. PART I, LINE 7 ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE AN INCENTIVE COMPENSATION PAYMENT BASED ON SHRM, A RELATED ENTITY, MEETING KEY PERFORMANCE GOALS. THE GOALS ARE APPROVED BY THE SHRM BOARD OF DIRECTORS AND INCLUDE CREDENTIALING/CERTIFICATION RATES, MEMBERSHIP COUNTS, BRAND REPUTATION/SENTIMENT MEASURES, AND FINANCIAL RESULTS. AFTER THE CALENDAR YEAR, THE SHRM BOARD REVIEWS ACTUAL RESULTS VERSUS THE GOAL AND APPROVES THE ORGANIZATION'S INCENTIVE COMPENSATION POOL. INDIVIDUAL INCENTIVE COMPENSATION PAYMENTS ARE BASED ON AN EMPLOYEE'S EARNINGS, POSITION, AND INDIVIDUAL PERFORMANCE. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A STRATEGIC PARTNERSHIP AGREEMENT WITH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) WHEREBY SHRM DONATES MANAGEMENT AND ADMINISTRATIVE SUPPORT SERVICES FOR THE FOUNDATION. SHRM SERVICES CONSIST OF THOSE TYPICALLY PROVIDED BY A CFO, INCLUDING IN PERTINENT PART: PREPARATION OF MONTHLY FINANCIAL STATEMENTS, OVERSIGHT OF THE ANNUAL AUDIT, TAX RETURN PREPARATION, INVESTMENT ASSISTANCE, AND ADVICE AND COUNSEL ON FINANCES. IN ADDITION, THE FOUNDATION HAS AGREED TO ADHERE TO SHRM ADMINISTRATIVE AND FINANCIAL PROCESSES AND POLICIES (E.G., PURCHASING, DOCUMENT RETENTION, AND CONTRACT APPROVAL). UNDER THIS AGREEMENT, THE FOUNDATION BUDGET IS PREPARED IN CONSULTATION WITH SHRM. FORM 990, PART VI, SECTION A, LINE 7A THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) PRESIDENT/CEO, OR HIS DESIGNEE, SHALL BE A VOTING EX OFFICIO DIRECTOR ON THE FOUNDATION'S BOARD. THE SHRM BOARD IS REQUIRED TO ELECT THE REMAINING FOUNDATION DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S FEDERAL FORM 990 IS REVIEWED BY THE ACCOUNTING STAFF OF THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM), INCLUDING THE CONTROLLER AND CFO, AND THE TREASURER OF THE FOUNDATION'S BOARD. SUCH REVIEWS TAKE PLACE UPON RECEIPT OF THE DRAFT FEDERAL FORM 990 PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM THAT CONDUCTS THE FINANCIAL STATEMENT AUDIT OF THE FOUNDATION. THE REVIEW INVOLVES A CHECK OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS AND A COMPARISON OF FINANCIAL DATA WITH THE AUDITED FINANCIAL STATEMENTS AND THE BOOKS AND RECORDS OF THE ORGANIZATION. PRIOR TO FILING THE FEDERAL FORM 990 WITH THE INTERNAL REVENUE SERVICE, A COMPLETE COPY IS PROVIDED TO ALL VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD'S CONFLICT OF INTEREST POLICY PROVIDES THE FOLLOWING PROCEDURES FOR ADDRESSING POTENTIAL CONFLICTS OF INTEREST THAT MAY REQUIRE BOARD OR COMMITTEE ACTION, SUCH AS: 1) THE INTERESTED PERSON MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND SUCH DISCLOSURE MUST BE REFLECTED IN THE MINUTES OF THE MEETING WHERE SUCH MATTER IS BEING REVIEWED; 2) THE INTERESTED PERSON IS PROHIBITED FROM PARTICIPATING IN DISCUSSIONS ABOUT THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS; 3) SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER EITHER AT OR OUTSIDE OF THE MEETING; 4) SUCH PERSON MAY NOT BE PRESENT TO HEAR THE BOARD OR COMMITTEE DISCUSSIONS ON THE MATTER; 5) SUCH INTERESTED PERSON IS PRECLUDED FROM VOTING ON THE MATTER AND SUCH PERSON'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE AT THE MEETING; 6) SUCH PERSON MAY NOT BE PRESENT DURING THE VOTE UNLESS THE VOTE IS BY SECRET BALLOT; AND 7) SUCH PERSON'S INELIGIBILITY TO VOTE SHOULD BE REFLECTED IN THE MINUTES. THE SHRM EMPLOYEE CODE OF CONDUCT APPLIES TO ALL SHRM FOUNDATION EMPLOYEES; AND ALL SHRM FOUNDATION EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT AND RETURN AN ACKNOWLEDGEMENT TO THE SHRM HR DEPARTMENT THAT THEY UNDERSTAND AND WILL COMPLY WITH THE CODE OF CONDUCT. SECTION IV(K) OF THE CODE OF CONDUCT SETS FORTH THE CONFLICT OF INTEREST RULES APPLICABLE TO ALL EMPLOYEES. IT IS SHRM FOUNDATION'S INTENT TO AVOID IMPROPRIETY IN ALL OF ITS DECISIONS AND ACTIONS. THE CODE OF CONDUCT REQUIRES EMPLOYEES TO AVOID TRANSACTIONS, ACTIVITIES AND RELATIONSHIPS WHICH PLACE PERSONAL INTEREST IN CONFLICT WITH SHRM FOUNDATION'S; NOT TO USE ORGANIZATIONAL ASSETS OR THEIR POSITION AT SHRM FOUNDATION FOR PERSONAL USE OR GAIN; NOT TO ACCEPT GIFTS FROM VENDORS UNLESS WITHIN THE SPECIFIED GIFT GUIDELINES IN THE CODE. EMPLOYEES ARE INFORMED THAT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MAY GO BEYOND DEALINGS WITH CUSTOMERS, VENDORS OR SUPPLIERS. CONFLICTS MAY ALSO INVOLVE DEALINGS WITH MANAGERS, SUBORDINATES OR OTHER STAFF MEMBERS. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, EMPLOYEES UNDER THE POLICY MAY CONSULT WITH THEIR SUPERVISOR, THEIR DEPARTMENT HEAD, SVP OR HUMAN RESOURCES. AT MINIMUM, IF AN EMPLOYEE OR HIS/HER IMMEDIATE FAMILY MEMBER HAS AN INTEREST IN A VENDOR THE EMPLOYEE IS REQUIRED TO DISCLOSE SUCH CONFLICT OF INTEREST TO THEIR EXECUTIVE DIRECTOR (OR SVP IF THEY ARE AN EXECUTIVE DIRECTOR) AND THE EMPLOYEE MUST NOT BE INVOLVED IN THE SELECTION, MANAGEMENT OR OVERSIGHT OF SUCH VENDOR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE EXECUTIVE DIRECTOR AT THE SHRM FOUNDATION WAS APPROVED BY SHRM'S CHIEF HUMAN RESOURCES OFFICER IN CONSULTATION WITH THE FOUNDATION'S BOARD CHAIR. RELEVANT COMPARABILITY DATA FROM AN INDEPENDENT CONSULTANT WAS USED. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AT LEAST EVERY TWO TO THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 112,732. MANAGEMENT AND GENERAL EXPENSES 19,193. FUNDRAISING EXPENSES 105,996. TOTAL EXPENSES 237,921. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 287,591. MANAGEMENT AND GENERAL EXPENSES 100,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 388,391. RESEARCH SERVICES: PROGRAM SERVICE EXPENSES 673,417. MANAGEMENT AND GENERAL EXPENSES 15,100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 688,517. FORM 990, PART XI, LINE 9: PENSION-RELATED CHARGES, INCL. NET PD. PENSION COSTS OTHER THAN SVC. COST -193,960. SOCIETY FOR HUMAN RESOURCE MANAGEMENT 1800 DUKE STREET ALEXANDRIA VA 223143499 340948453 SERVE NEEDS OF HR PROFESSIONALS OH 501(C)(6) N/A N/A 0 HR PEOPLE & STRATEGY INC 1800 DUKE STREET ALEXANDRIA VA 223143499 132989471 STRATEGIC HR EDUCATION NY 501(C)(3) LINE 10 SOCIETY FOR HUMAN RESOURCE MANAGEMENT 0 SHRM CORPORATION 1800 DUKE STREET ALEXANDRIA VA 223143499 760839798 ON-LINE JOBS ADVERTISING PROGRAM VA SOCIETY FOR HUMAN RESOURCE MANAGEMENT C 0 STRATEGIC HUMAN RESOURCE MGM'T INDIA PVT LTD REGUS ORCHID BUS CTR 311 CORINTHIAN BLDG KHAR MUMBAI IN 40052 802212005 HR RESEARCH AND EDUCATIONAL PROGRAMS IN INDIA IN SOCIETY FOR HUMAN RESOURCE MANAGEMENT C 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 SOCIETY FOR HUMAN RESOURCE MANAGEMENT C 1246966 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT P 1158815 COST SOCIETY FOR HUMAN RESOURCE MANAGEMENT Q 50092 COST