2021-07-21T11:12:48-05:00 2020-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-01-01 520845718 AMERICAN COUNCIL OF YOUNG POLITICAL LEADERS AMER 2028570999 1030 15TH STREET NW NO 580W WASHINGTON DC 20005 ELIZABETH ROSENBAUM CEO 2028570999 2021-07-21 1 ELIZABETH ROSENBAUM 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z ELIZABETH ROSENBAUM 1030 15TH STREET NW NO 580W WASHINGTON DC 20005 1508600 0 X WWW.ACYPL.ORG X 1966 DC SEE PART III, LINE 1. 23 23 11 24 0 0 3383241 1502819 68464 2500 3086 3185 -4489 -2675 3450302 1505829 0 6000 0 0 842062 836410 0 0 125788 2554947 744759 3397009 1587169 53293 -81340 1462255 1214331 677871 365487 784384 848844 ACYPL'S MISSION IS TO DESIGN AND CONDUCT BILATERAL AND MULTILATERAL INTERNATIONAL EDUCATIONAL EXCHANGES DESIGNED TO PROMOTE MUTUAL UNDERSTANDING, RESPECT, AND FRIENDSHIP AND TO CULTIVATE LONG-LASTING RELATIONSHIPS AMONG TOMORROW'S GLOBAL POLITICAL AND POLICY LEADERS. 0 0 1254507 6000 INTERNATIONAL EXCHANGES, 8-14 DAYS, AND INTERNATIONAL PROFESSIONAL EXCHANGES, 4-6 WEEKS, ENABLING EMERGING LEADERS (AGED 25 TO 40) TO EXPERIENCE FIRSTHAND THE POLITICAL, POLICY MAKING AND CULTURAL DYNAMICS OF HOST COUNTRIES. THE EXCHANGES ARE CONDUCTED IN PARTNERSHIP WITH ACYPL'S PROGRAM PARTNER ORGANIZATIONS AROUND THE WORLD.DUE TO COVID, THE ORGANIZATION CONDUCTED A NUMBER OF VIRTUAL PROGRAMS INCLUDING A SERIES OF TOWN HALL MEETINGS ON RELEVANT SUBJECTS AND EDUCATIONAL AND CULTURAL EXCHANGES. 23310 2500 ACYPL CONDUCTS PROGRAMS THROUGHOUT THE YEAR TO PROVIDE ALUMNI WITH OPPORTUNITIES TO ENHANCE THEIR LEADERSHIP SKILLS, FURTHER THEIR INVOLVEMENT IN INTERNATIONAL AFFAIRS AND PUBLIC DIPLOMACY, NETWORK WITH OTHER ALUMNI AND INTERACT WITH NATIONAL AND INTERNATIONAL DECISION MAKERS. 1277817 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 1 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 11 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL X ELIZABETH ROSENBAUM 2028570999 1030 15TH STREET NW SUITE 580 WEST WASHINGTON DC 20005 BRIAN DIFFELL PRESIDENT 1.00 X X 0 0 0 STACIE WALTERS FUJII CHAIR 1.00 X X 0 0 0 BRYAN PEDERSEN TREASURER 1.00 X X 0 0 0 JOSEPH JONES SECRETARY 1.00 X X 0 0 0 KEN GROSS LEGAL COUNSEL 1.00 X 0 0 0 MATT SANDERSON LEGAL COUNSEL 1.00 X 0 0 0 DWIGHT BUSH TRUSTEE 1.00 X 0 0 0 GERARD DEHRMANN TRUSTEE 1.00 X 0 0 0 CASSIE FOLK TRUSTEE 1.00 X 0 0 0 JAY FOOTLIK TRUSTEE 1.00 X 0 0 0 DIANNE GRAHAM TRUSTEE 1.00 X 0 0 0 CHRIS HOSEK TRUSTEE 1.00 X 0 0 0 KYLE HYBL TRUSTEE 1.00 X 0 0 0 MICHAEL INGANAMORT TRUSTEE 1.00 X 0 0 0 TAMI JACKSON BUCKNER TRUSTEE 1.00 X 0 0 0 LEO JARDOT TRUSTEE 1.00 X 0 0 0 RIMA KAWAS TRUSTEE 1.00 X 0 0 0 JENNIFER LOWE TRUSTEE 1.00 X 0 0 0 JASON MATTHEWS TRUSTEE 1.00 X 0 0 0 MAGGIE MICK TRUSTEE 1.00 X 0 0 0 BRET PERKINS TRUSTEE 1.00 X 0 0 0 JAKE PERRY TRUSTEE 1.00 X 0 0 0 MATT ROBBINS TRUSTEE (END 05/2020) 1.00 X 0 0 0 STEVE SCHALE TRUSTEE 1.00 X 0 0 0 ELIZABETH ROSENBAUM CEO 40.00 X 151040 0 9074 SHANNON BILLINGS CFO & CHIEF OF STAFF 40.00 X 123093 0 12011 274133 0 21085 2 0 1 0 0 52700 1069349 380770 1300 1502819 CONFERENCE FEES 900099 2500 2500 2500 3185 3185 0 52700 2771 -2771 -2771 MISCELLANEOUS 900099 96 96 96 1505829 2500 0 510 6000 6000 295218 247733 17463 30022 399362 334306 19444 45612 7816 6632 295 889 70059 57803 4788 7468 63955 54971 2544 6440 99458 99458 8741 8741 30500 18984 3871 7645 28096 24043 240 3813 183755 155418 8895 19442 340544 336062 4232 250 100 100 24513 20954 1015 2544 7750 7140 125 485 BAD DEBT 11000 11000 EQUIP. RENTAL & MAINT. 5191 4595 187 409 EQUIPMENT PURCHASES 4323 2864 720 739 DUES AND SUBSCRIPTIONS 708 312 366 30 80 80 1587169 1277817 183564 125788 612809 602480 304305 336681 331202 80168 6777 7411 27004 31946 205785 96615 133683 109170 46475 46475 1462255 1214331 366294 41328 311577 324159 677871 365487 X 784350 848844 34 0 784384 848844 1462255 1214331 X -81340 145800 X 0 1 X 1 1 1 X 3219790 2887766 3485402 3383241 1502819 14479018 3219790 2887766 3485402 3383241 1502819 14479018 14479018 515 687 1212 3086 3185 8685 3367 75 2628 96 6166 14493869 327402 0.99900 0.99920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 110538 27376 83162 95247 69239 26008 109170 DEFERRED RENT 290486 LEASE PAYABLE 2673 REFUNDABLE ADVANCE 31000 324159 X 1768699 114299 148571 262870 1505829 0 1505829 1704239 114299 2771 117070 1587169 0 1587169 PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2019, ACYPL HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS EXPENSE ON THE 2,771. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. PPP LOAN THAT WAS REPORTED AS A CONDITIONAL GRANT ON THE FINANCIAL STATEMETNS, BUT HAS NOT OFFICALLY BEEN GRANTED FORGIVNESS DURING THE TAX PERIOD 145,800. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT EXPENSES REPORTED AS EXPENSE ON THE 2,771. FINANCIAL STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 8B. 1 CENTRAL AMERICA AND THE CARRIBEAN 0 0 PROGRAM SERVICE ACTIVITIES HOTELS, MEALS, TRANSPORTATION, TRANSLATION, CULTURAL 76 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE ACTIVITIES HOTELS, MEALS, TRANSPORTATION, TRANSLATION, CULTURAL 24324 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICE ACTIVITIES HOTELS, MEALS, TRANSPORTATION, TRANSLATION, CULTURAL 4821 SOUTH ASIA 0 0 PROGRAM SERVICE ACTIVITIES HOTELS, MEALS, TRANSPORTATION, TRANSLATION, CULTURAL 2000 EAST ASIA AND THE PACIFIC 0 0 GRANTMAKING 6000 0 0 0 0 0 0 37221 0 37221 WORKSHOPS AND COMMUNITY ACTIVITIES EAST ASIA AND THE PACIFIC 3 6000 WIRE 0 0 0 0 0 0 PART I, LINE 2: AT THE CONCLUSION OF THE FUNDED PROJECT, MICRO-GRANT RECIPIENTS ARE REQUIRED TO SUBMIT PROGRAM PROGRESS AND FINANCIAL REPORTS. THE PROGRESS REPORT DESCRIBES WHAT GOALS WERE MET AND IDENTIFIES SUCCESSES AND CHALLENGES ENCOUNTERED. THE FINANCIAL REPORT DETAILS BUDGET TO ACTUAL EXPENSES AND INCLUDES SUBMITTED RECEIPTS FOR EACH EXPENDITURE FUNDED BY THE MICRO-GRANT. PART III ACCOUNTING METHOD: HONORS EVENT 52700 52700 1000 1771 52700 52700 1000 1771 2771 -2771 X X 0 0 0 0 0 0 0 1 0 ELIZABETH ROSENBAUM CEO 141040 0 10000 0 0 0 4268 0 4806 0 160114 0 0 0 PART I, LINE 7 DURING 2020, ACYPL PAID THE FOLLOWING INCENTIVE AWARDS: ELIZABETH ROSENBAUM - $10,000 FORM 990, PART VI, SECTION A, LINE 4 THE COMPENSATION AND TENURE SECTION OF THE BYLAWS WAS AMENDED TO CHANGE THE TERMS OF SERVICE DURING EXTRAORDINARY CONDITIONS SUCH AS THOSE IN 2020 WHEREBY THAT YEAR IS NOT INCLUDED IN CALCULATING A TRUSTEE'S TENURE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED IN DETAIL BY MANAGEMENT AND THE EXECUTIVE COMMITTEE. THE FORM 990 WAS THEN SENT TO THE FULL BOARD BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, MANAGEMENT DISTRIBUTES THE CONFLICT OF INTEREST POLICY IN PERSON AND VIA E-MAIL TO ALL BOARD MEMBERS AND STAFF DURING EACH MARCH BOARD MEETING. ALL TRUSTEES ARE REQUIRED TO ANNUALLY READ AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT AND TO IMMEDIATELY NOTIFY THE BOARD CHAIR AND CEO WHEN A CONFLICT ARISES. ONCE THE BOARD CHAIR AND CEO ARE MADE AWARE OF A CONFLICT, THEY DECIDE HOW TO ADDRESS THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15A THE ACYPL CEO'S PERFORMANCE IS REVIEWED AND EVALUATED BY THE BOARD'S EXECUTIVE COMMITTEE. COMPENSATION IS BASED ON THE ORGANIZATIONAL BUDGET AND MARKET VALUE CONSIDERATIONS. THE CEO'S AGREED-UPON SALARY IS THEN APPROVED AS PART OF THE ORGANIZATIONAL BUDGETING PROCESS. THE REVIEW IS DOCUMENTED IN THE EMPLOYEE'S FILE. THE CEO'S PERFORMANCE WAS EVALUATED IN JUNE OF 2018 AND HER COMPENSATION WAS REVIEWED AS PART OF THE ANNUAL BUDGET PROCESS IN DECEMBER 2019. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: PPP LOAN CONDITIONAL GRANT 145,800. FORM 990, PART XI, LINE 9 - OTHER CHANGE IN NET ASSETS ON APRIL 27, 2020, ACYPL RECEIVED LOAN PROCEEDS IN THE AMOUNT OF $145,800 UNDER THE PAYCHECK PROTECTION PROGRAM (PPP). UNDER THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), THE PROMISSORY NOTE MUST BE USED FOR CERTAIN EXPENDITURES WITHIN A 24-WEEK PERIOD TO ULTIMATELY BE FORGIVEN BY THE SMALL BUSINESS ADMINISTRATION. DURING THE YEAR ENDED DECEMBER 31, 2020, ACYPL EXPENDED AND TRACKED THE PPP FUNDS FOR PURPOSES OUTLINED IN THE CARES ACT GUIDANCE AND BELIEVES THEY HAVE MET ALL CONDITIONS SET FORTH FOR FULL FORGIVENESS. ACCORDINGLY, UNDER GUIDANCE FOUND IN FASB ASC 958-605, ACYPL HAS RECOGNIZED THE PPP FUNDING AS A CONDITIONAL GRANT BY WHICH ALL CONDITIONS HAVE BEEN MET. ACYPL HAS DEEMED THE FORGIVENESS BY THE SBA TO BE HIGHLY PROBABLE, AN ADMINISTRATIVE TASK ONLY, AND NOT A BARRIER TO RECOGNITION. ACCORDING TO THE IRS INSTRUCTIONS, THE PPP LOAN REVENUE MUST BE RECOGNIZED IN THE YEAR IT IS FORGIVEN. THEREFORE, CREATING A BOOK TO TAX DIFFERENCE FOR 2020 AND 2021.