2020-09-18T23:50:06-05:00 2019-12-31 390859910 BAKER TILLY US LLP 1570 FRUITVILLE PIKE SUITE 400 LANCASTER PA 17601 990 2019-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 698 MILLS ROAD WEST POINT NY 10996 ROBERT SCHAFFER CFO 8454461500 2020-09-18 1 KERRI N BOGDA CPA P00760402 7177404863 23.130.16.102 2020-09-18 14:54:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 AE0C272A69DD34E2EDF3B6A185DE1CF90EACE8A4 2019 2021-01-29 14:40:06Z WEST POINT ASSOC OF GRADUATES TODD A BROWNE 698 MILLS ROAD WEST POINT NY 10996 158873722 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 17 17 160 71 335662 42583 54858623 55172142 1366876 1876491 30282012 16676575 1631429 1734240 88138940 75459448 23381225 25952142 0 0 9671819 10560965 249950 170867 7617363 5666793 6400146 38969787 43084120 49169153 32375328 424126834 503288080 29104631 24786940 395022203 478501140 THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 26059299 25952142 0 EDUCATIONAL AND HISTORICAL: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION BASED ON THE NEEDS ESTABLISHED BY USMA AND ITS SUPERINTENDENT. INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF STATE OF THE ART FACILITIES AND ENHANCEMENTS TO SUPPORT USMA, A NATIONAL LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. 3448442 0 2728550 ALUMNI SERVICES: ENCOMPASSES ACTIVITIES AND SERVICES PROVIDED FOR GRADUATES INCLUDING SUPPORT TO THE UNITED STATES MILITARY ACADEMY ALUMNI CLASSES AND SOCIETIES, GRADUATE EVENTS, CAREER SERVICES, THE MAINTENANCE OF DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF THE UNITED STATES MILITARY ACADEMY AND INCLUDES THE OPERATIONS OF THE GIFT SHOP. 1226144 0 183734 COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF THE ASSOCIATION'S WEST POINT MAGAZINE WHICH IS PUBLISHED QUARTERLY AND PROVIDED TO OVER 48,000 GRADUATES FREE OF CHARGE. 30733885 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 62 0 160 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DE HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY ND OH OK OR PA RI SC SD TN TX UT VT WV WI WY X X ROBERT SCHAFFER CFO 8454661500 698 MILLS ROAD WEST POINT NY 10996 JOSEPH E DEFRANCISCO CHAIRMAN 12.00 X X 0 0 0 STANLEY J SHIPLEY VICE CHAIRMAN 12.00 X X 0 0 0 JEFFREY A SORENSON DIRECTOR 7.00 X 0 0 0 ARCHIE ELAM DIRECTOR 7.00 X 0 0 0 CLYDE A SELLECK DIRECTOR 7.00 X 0 0 0 HERMAN E BULLS DIRECTOR 7.00 X 0 0 0 JOHN M ROBB DIRECTOR 7.00 X 0 0 0 ROBERT A MCDONALD DIRECTOR 7.00 X 0 0 0 JAMES A HOFFMAN DIRECTOR 7.00 X 0 0 0 WILLIAM D ROGERS DIRECTOR 7.00 X 0 0 0 DEIRDRE P DIXON DIRECTOR 7.00 X 0 0 0 FELISA SA LEWIS DIRECTOR 7.00 X 0 0 0 JOHN H NORTHROP DIRECTOR 7.00 X 0 0 0 GUY C SWAN DIRECTOR 7.00 X 0 0 0 SCOTT M SAUER DIRECTOR 7.00 X 0 0 0 CHARLES C CORRELL DIRECTOR 7.00 X 0 0 0 KATHERINE W SHATTUCK DIRECTOR 7.00 X 0 0 0 TODD A BROWNE PRESIDENT/CEO 40.00 X 343949 0 24715 PATRICK O ORTLAND VICE PRESIDENT & COO 40.00 X 188334 0 13332 JOHN FRANZINO VICE PRESIDENT & CFO 40.00 X 184226 0 21264 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 40.00 X 274993 0 40068 MICHAEL WHITE SR DIRECTOR OF MAJOR GIFTS 40.00 X 151727 0 25508 RICHARD FRENCH VICE PRESIDENT OF IT 40.00 X 140823 0 10567 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 40.00 X 139559 0 14891 JESSICA KUHLMAN SR DIR DONOR STATEGY & ANA 40.00 X 134263 0 31134 GARRETT MUNRO SR ASSOC ATHLETIC DIR, DEV 40.00 X 133997 0 17657 1691871 0 199136 20 0 1 0 CONSIGLI CONSTRUCTION NY LLC 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONTRUCTION 5805995 EWING COLE FEDERAL RESERVE BANK BLDG 100 NOR PHILADELPHIA PA 19106 ARCHITECTURE, ENGINEERING 1084291 TECTONIC ENGINEERING & SURVEYING PO BOX 37 MOUNTAINVILLE NY 10953 ENGINEERING 499694 RONDOUT ELECTRIC INC 225 UPPER NORTH ROAD HIGHLAND NY 12528 ELECTIRCIAL 440323 WHISPERING PINES DEVELOPMENT CORP PO BOX 716 VAILS GATE NY 12584 CONTRUCTION 370008 24 55172142 3981100 55172142 ALUMNI SERVICES 561520 789215 697919 91296 ALUMNI EVENTS 900099 392866 392866 CREDIT CARD PROCESSING 900099 259579 259579 SPONSORSHIPS 900099 251097 251097 PUBLICATION SALES 511190 183734 44517 139217 1876491 9536210 105149 9431061 698447 698447 89390244 82249879 7140365 7140365 7140365 2200188 1164395 1035793 1035793 75459448 2681771 335662 17269873 25123121 25123121 813002 813002 16019 16019 1106603 495152 611451 7737999 2493969 1388570 3855460 338930 89018 81983 167929 696975 212979 116598 367398 680458 210157 148353 321948 49833 14396 28713 6724 65520 65520 170867 170867 406855 406855 591686 257704 176439 157543 45955 32628 1804 11523 1345929 516965 68311 760653 974320 142725 668207 163388 92591 59458 315 32818 187200 68427 63256 55517 1010735 355809 120948 533978 807299 31100 747299 28900 80788 80788 DONOR CULTIVATION 340546 2855 27107 310584 PRINTING/DISTRIBUTION 160350 160350 240539 133203 46654 60682 43084120 30733885 4732872 7617363 9325046 8517795 19095532 19210394 144073 270813 346632 485958 82715 114840 14659737 8065443 7115074 6594294 293630302 358968616 70579335 77796851 23808125 31328519 424126834 503288080 3241662 3733292 14852686 9863185 3873544 3534563 7136739 7655900 29104631 24786940 X 43478022 57176895 351544181 421324245 395022203 478501140 424126834 503288080 X 32375328 50382413 721196 X 0 1 X 1 0 X 37668915 39550040 39195141 54858623 55172142 226444861 37668915 39550040 39195141 54858623 55172142 226444861 7682867 218761994 5246190 4609937 6576704 15710952 10129508 42273291 111870 174160 106522 279029 671581 269389733 17721383 0.81210 0.82020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 252700217 8773963 44886190 7714922 -5627291 304272739 266095468 6853173 -18127801 5147984 -3027361 252700217 226902675 4814661 33511484 4557216 -5423864 266095468 207742285 8311499 10353793 4976656 -5474254 2500 226902675 198523726 11324199 -2364732 4289226 -4550818 2500 207742285 0.05490 0.68600 0.25910 0 0 11406334 6486507 4919827 1303910 562928 740982 1949493 1016008 933485 6594294 LIMITED PARTNERSHIPS 62363195 F OTHER INVESTMENTS 2777175 F REAL ESTATE INVESTMENT TRUST 12656481 F 77796851 SPLIT INTEREST TRUSTS 31328519 31328519 DEFERRED COMPENSATION 656469 DUE TO CLASSES 2839839 REMAINDER TRUSTS 4159592 7655900 X 126720706 50382413 -406855 49975558 76745148 -1285700 -1285700 75459448 43241769 564504 564504 42677265 406855 406855 43084120 PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. PART V, LINE 1E: THIS REPRESENTS TRANSFERS OF TEMPORARILY RESTRICTED GIFTS TO PERMANENTLY RESTRICTED ENDOWMENTS TO COMPLY WITH THE DONORS' INTENT. PART X, LINE 2: THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THE ASSOCIATION EARNS REVENUES FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED UNRELATED BUSINESS TAXABLE INCOME UNDER THE CODE. IN BOTH 2019 AND 2018, HOWEVER, UNRELATED BUSINESS INCOME (NET OF APPLICABLE EXPENSES) RESULTED IN NO MATERIAL TAX EXPENSE. THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX EXPENSES OR BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS -406,855. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -1,164,395. UBI FROM PARTNERSHIP INVESTMENTS 105,149. ADJUSTMENT TO NET EVENT EXPENSES TO REVENUE -226,454. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,164,395. PROVISION FOR UNCOLLECTIBLE PLEDGES -826,345. ADJUSTMENT TO NET EVENT EXPENSES TO REVENUE 226,454. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON FINANCIALS 406,855. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 49051936 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 714582 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SCHOLARSHIPS 16019 0 0 0 0 0 0 49782537 0 49782537 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 4 16019 WIRE TRANSFER 0 N/A CASH 1 0 1 0 1 0 PART I, LINE 2: THE ASSOCIATION PROVIDES CERTAIN GRANTS TO CAPTAINS AND MAJORS IN THE ARMY FOR ADVANCED EDUCATION, LANGUAGE, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS. PROPER USE OF FUNDS IS MONITORED VIA THE STUDENTS' COMPLETION OF THE GRADUATE PROGRAMS. PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINES 3: THE INVESTMENTS DID NOT MEET THE THRESHOLDS FOR FILING FORMS 5471. X X X X X 1 CATAPULT FUNDRAISING INC 2520 ST ROSE PARKWAY SUITE 217 HENDERSON NV 89074 PHONE & MAIL 0 968768 170867 797901 968768 170867 797901 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 47200 1250 COST TRAVEL/ENTERTAINMENT MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 423 COST ITEMS FOR AUCTION MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 210358 0 N/A N/A USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 5304953 0 N/A N/A CADET FACILITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 7456837 50000 COST 2015 HARLEY DAVIDSON CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 11500 COST COMMISSION DOC RANDOL CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 150919 COST TRAVEL/ENTERTAINMENT CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 3474 COST COINS/GIVEAWAYS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 252 COMPARABLE PAINTINGS/BUFFALO SOLDIERS PLAQUE CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 6376929 2000 COMPARABLE ARTWORK FOR RIFLE TEAM RANGE ROOM CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 82976 COST ARMY EQUIPMENT CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 1356 COST TROPHY CASES FOR COMPANY 4 CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 0 3445 COST LAPTOPS/YAGI ANTENNA/BANNERS CADET ACTIVITIES ARMY WEST POINT ATHLETIC ASSOCIATION INC 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(C)(3) 5419249 0 N/A N/A CADET ACTIVITIES 2 0 SCHOLARSHIPS 80 813002 0 N/A N/A PART I, LINE 2: THE ASSOCIATION PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION RELIES ON USMA TO MONITOR THE USE OF THESE GRANT FUNDS. CERTAIN SCHOLARSHIPS (PRIMARILY TO PREP SCHOOLS) ARE PROVIDED TO CAREFULLY SELECTED AND HIGHLY MOTIVATED YOUNG PEOPLE SEEKING ADMISSION TO USMA. STUDENTS MUST HAVE ALL QUALIFICATIONS DETERMINED BY THE ADMISSIONS COMMITTEE TO BE CONSIDERED FOR A SCHOLARSHIP. STUDENTS WHO ACCEPT THESE SCHOLARSHIPS MUST PERFORM TO USMA-SET STANDARDS DURING THE SCHOLARSHIP PERIOD TO BE ACCEPTED AT USMA AT THE END OF THE SCHOLARSHIP PERIOD. FURTHER, OTHER GRANTS ARE AWARDED TO CAPTAINS AND MAJORS IN THE REGULAR ARMY FOR ADVANCED EDUCATION, LANGUAGE SKILLS, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. X 1 1 X X X 0 0 0 0 0 0 0 1 0 TODD A BROWNE PRESIDENT/CEO 298949 0 45000 0 0 0 22457 0 2258 0 368664 0 0 0 PATRICK O ORTLAND VICE PRESIDENT & COO 186334 0 2000 0 0 0 4855 0 8477 0 201666 0 0 0 JOHN FRANZINO VICE PRESIDENT & CFO 177226 0 7000 0 0 0 13598 0 7666 0 205490 0 0 0 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 244993 0 30000 0 0 0 19000 0 21068 0 315061 0 0 0 MICHAEL WHITE SR DIRECTOR OF MAJOR GIFTS 143727 0 8000 0 0 0 10617 0 14891 0 177235 0 0 0 RICHARD FRENCH VICE PRESIDENT OF IT 132323 0 8500 0 0 0 10091 0 476 0 151390 0 0 0 TERENCE SINKFIELD VICE PRESIDENT, ALUMNI SUPPORT 135559 0 4000 0 0 0 0 0 14891 0 154450 0 0 0 JESSICA KUHLMAN SR DIR DONOR STATEGY & ANA 126263 0 8000 0 0 0 10046 0 21088 0 165397 0 0 0 GARRETT MUNRO SR ASSOC ATHLETIC DIR, DEV 129997 0 4000 0 0 0 10031 0 7626 0 151654 0 0 0 PART I, LINE 1A WPAOG PAYS SOCIAL CLUB MEMBERSHIP DUES FOR THE PRESIDENT & CEO TO ATTEND BUSINESS FUNCTIONS. WPAOG REQUIRES THE MEMBERSHIP SO THAT IT MAY USE THE CLUB'S FACILITIES FOR BUSINESS MEETINGS. THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION SINCE THEY ARE BUSINESS RELATED. PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT. X 3 2252 WEBSITE/COMPARABLE VALUE X 1 50000 COST X 93 3673505 NYSE VALUE X TRAVEL & ENT. 18 152169 COST X TRAINING ITEMS 5 97921 COST X VARIOUS MISC. ITEMS 22 5253 COST 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY APPROXIMATES 54,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE CHAIRMAN, VICE-CHAIRMAN AND THE DIRECTORS OF THE BOARD, ALL OF WHOM CONSTITUTE THE BOARD OF DIRECTORS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. MEMBERS ALSO VOTE TO RATIFY BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. SUBSEQUENTLY, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT, AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSIONS BY THE ETHICS COMMITTEE AND BOARD OF DIRECTORS REGARDING THE MATTER, AS WELL AS FROM ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 IN 2019, 2015, 2011 AND 2008, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") UTILIZED AN OUTSIDE HUMAN RESOURCES/COMPENSATION CONSULTANT TO DO A FULL REVIEW OF SALARIES AND PROVIDE FEEDBACK RELATING TO THEIR APPROPRIATENESS RELATIVE TO OUR PARTICULAR MARKET. THIS CONSULTANT ALSO REVIEWED THE SALARIES OF THE PRESIDENT, VICE PRESIDENTS, OTHER OFFICERS AND MOST EMPLOYEES TO ENSURE THAT THEY WERE WITHIN LEVELS CONSISTENT WITH THE MARKET. THE HR DEPARTMENT CONFERS WITH A COMPENSATION CONSULTANT ANNUALLY TO DISCUSS SALARY RANGES AND ANY CHANGES THAT MAY BE NECESSARY DUE TO INFLATION OR THE CREATION OF A NEW POSITION. THE COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES ANNUALLY TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMPENSATION COMMITTEE THEN MEETS WITH THE BOARD IN AN EXECUTIVE SESSION, AND THEIR DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UBI FROM PARTNERSHIP INVESTMENTS -105,149. PROVISION FOR UNCOLLECTIBLE PLEDGES 826,345. 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