2020-07-09T18:13:35-05:00 2019-08-31 410746749 CLIFTONLARSONALLEN LLP 1301 WEST 22ND STREET SUITE 1100 OAK BROOK IL 60523 990 2018-09-01 136163137 ASSOCIATION FOR CORPORATE GROWTH ASSO 3129574286 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 LOURA COOPER VP OF FINANCE 3129574286 2020-07-08 1 JAMES R THOMAS P00095586 6305738600 2020-07-07 67.137.57.251 2020-07-08 13:27:52 CD P BCC8A6D2A0235F1B1EA74BDE772789555568A9AF 818A38AF944F766214C5223DB74141538F6091E6 2018 2020-09-23 17:36:50Z LOURA COOPER 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 11351392 0 X WWW.ACG.ORG X 1954 IL TO PROMOTE THE PROFESSIONAL AND BUSINESS INTERESTS OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION. 27 27 31 135 662369 339577 2657096 2703463 5458209 5564343 192313 93525 2326471 2990061 10634089 11351392 0 0 0 0 3512038 3933837 0 0 0 7139295 7942334 10651333 11876171 -17244 -524779 8231791 8228575 4820504 5310223 3411287 2918352 X TO PROMOTE THE PROFESSIONAL AND BUSINESS INTERESTS OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION. 0 0 ANNUAL ACG INTERGROWTH CONFERENCETHE ANNUAL ACG INTERGROWTH CONFERENCE IN ORLANDO, FLORIDA WAS HELD OVER THREE DAYS IN MAY 2019 AND WAS ATTENDED BY APPROXIMATELY 2,000 PEOPLE. IT ALLOWS MEMBERS AND NON-MEMBERS TO ATTEND EDUCATION AND KEYNOTE SPEAKER SESSIONS, EXCHANGE IDEAS, LEARN ABOUT CURRENT TRENDS IN THE INDUSTRY AND NETWORK. MEMBERSHIPMEMBERS OF THE ASSOCIATION FOR CORPORATE GROWTH HAVE ACCESS TO A VARIETY OF TOOLS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT, KNOWLEDGE BASE AND NETWORKING. THESE INCLUDE:- MEMBER RATES TO ATTEND THE ANNUAL INTERGROWTH CONFERENCE- LOCAL CHAPTER PROGRAMS- RECEIVE THE MONTHLY MEMBER MAGAZINE "MERGERS & ACQUISITIONS" PUBLICATIONS FROM SOURCEMEDIA- SUBSCRIPTION TO ACG'S MONTHLY, WEEKLY, AND DAILY E-NEWSLETTERS- ACCESS TO ACG JOBSOURCE- INDUSTRY WHITE PAPERS- ACCESS TO ONLINE MEMBERSHIP DIRECTORY CHAPTERSFIFTY-EIGHT CHAPTERS SERVE THE 14,500 MEMBERS OF ACG WORLDWIDE.CHAPTERS PROVIDE LOCAL BREAKFAST MEETINGS, LUNCHES, CONFERENCES AND SPECIAL EVENTS THAT ENABLE NETWORKING AND EDUCATION. ACG CAPITALLINK TM PUTS THE PITCHBOOK PROPRIETARY DATABASE OF THOUSANDSOF CAPITAL RESOURCES AT YOUR FINGERTIPS, INCLUDING PRIVATE EQUITYFIRMS, HEDGE FUNDS, MEZZANINE INVESTORS, SMALL BUSINESS INVESTMENTCOMPANIES, VALUATION FIRMS AND M&A ADVISORY FIRMS. IT'S ACOMPREHENSIVE, UP-TO-DATE, USER-FRIENDLY ONLINE RESOURCE, AVAILABLE ATNO COST TO ACG MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 49 0 31 1 1 1 1 CA CH HK UK 0 0 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 IL X X X LOURA COOPER 3129574286 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 X JOHN CONNERY DIRECTOR 1.00 X 0 0 0 FREDERIC BORRAS DIRECTOR 1.00 X 0 0 0 TIM BRYAN DIRECTOR 1.00 X 0 0 0 MARK HOLLIS DIRECTOR 1.00 X 0 0 0 BRENT BAXTER DIRECTOR 3.00 X 0 0 0 JOHN DOLLISON DIRECTOR 7.00 X 0 0 0 ANDREW APFELBERG DIRECTOR 1.00 X 0 0 0 STEVE CASTINO DIRECTOR 1.00 X 0 0 0 BOB BRICKMAN DIRECTOR 1.00 X 0 0 0 SHANE DUNN DIRECTOR 1.00 X 0 0 0 DAVID HELLIER DIRECTOR 1.00 X 0 0 0 ANGIE MACPHEE DIRECTOR 7.00 X 0 0 0 MATT LAFFEY DIRECTOR 1.00 X 0 0 0 JOSH HOLLINGSWORTH DIRECTOR 1.00 X 0 0 0 JOHN SWEENEY DIRECTOR 1.00 X 0 0 0 JEFF NOLAND DIRECTOR 1.00 X 0 0 0 STEPHEN SMITH DIRECTOR 1.00 X 0 0 0 MICHAEL DIPIANO DIRECTOR 1.00 X 0 0 0 RICK GERBERT DIRECTOR 1.00 X 0 0 0 DAVID GERSHMAN DIRECTOR 1.00 X 0 0 0 BRENT KULMAN DIRECTOR 1.00 X 0 0 0 CHRISTINE NOWACZYK DIRECTOR 1.00 X 0 0 0 CASSANDRA MOTT DIRECTOR 1.00 X 0 0 0 WALTER O'HAIRE DIRECTOR 1.00 X 0 0 0 MARTIN OKNER DIRECTOR 7.00 X 0 0 0 NATE OLSEN DIRECTOR 1.00 X 0 0 0 AARON POLACK DIRECTOR 1.00 X 0 0 0 LESLIE WHITTET VP CHAPTERS 40.00 X 201790 0 35632 CHRISTINE MELENDES VP CONFERENCES 40.00 X 184984 0 23079 LOURA COOPER SENIOR DIRECTOR OF FINANCE 40.00 X 132785 0 24271 MARIA WOLVIN VP PUBLIC POLICY (FORMER) 40.00 X 119290 0 3458 JOHN O'LOUGHLIN CFO (FORMER) 40.00 X 272506 0 42897 PATRICK MORRIS CEO (FORMER) 40.00 X 492696 0 75215 1404051 0 204552 6 1 1 0 FREEMAN DECORATING CO PO BOX 660613 DALLAS TX 752660613 EVENT/AUDIO VISUAL MANAGEMENT 449723 125 S WACKER STREET REIT 1001 RUE SQUARE VICTORIA MONTREAL QC CA RENT 300161 CYPRESS ADVOCACY LLC 1028 33RD STREET NW SUITE 200 WASHINGTON DC 20007 PUBLIC POLICY CONSULTANT 216250 FONTAINEBLEU FLORIDA HOTEL LLC 441 COLLINS AVENUE MIAMI BEACH FL 33140 CONFERENCE HOTEL 135000 DUANE MORRIS LLP 30 S 17TH STREET PHILADELPHIA PA 191034196 ATTORNEYS 121558 5 2703463 2703463 ANNUAL CONFERENCE 541900 4336244 2897157 4930 1434157 DIGITAL PUBLICATIONS/ADVERTISING 541800 586011 355324 230687 AFFINITY REVENUE 541900 297410 297410 GLOBAL SPONSORSHIP 541900 211509 211509 PUBLIC POLICY 541900 133169 133169 5564343 93525 93525 103000 103000 PAYROLL SERVICES - CHAPTERS 900099 2986446 2986446 MISCELLANEOUS INCOME 900099 47839 43134 4705 EQUITY IN SUBSIDIARY 900099 -147224 -147224 2887061 11351392 2793067 662369 5192493 1610603 1094800 131612 654139 442683 286284 56049 41644 100973 114708 61130 280554 314794 324431 335042 1886436 2849502 394347 73948 TAXES 98381 OTHER EXPENSES 437247 BANK AND CREDIT CARD FE 226987 DUES AND SUBSCRIPTIONS 45609 14268 11876171 2591395 3021033 254107 126460 541613 532903 1933819 1332903 973406 600916 1630549 2064700 964377 1443280 1276344 439283 8231791 8228575 1223222 1708567 2063782 2090736 1533500 1510920 4820504 5310223 X 3411287 2918352 3411287 2918352 8231791 8228575 -524779 31844 0 X X 0 1 X 1 0 0 0 1 2703463 201423 207914 409337 430694 -21357 1361386 968627 392759 572433 364276 208157 600916 -46056 C CERTIFICATES OF DEPOSIT 837796 F INVESTMENTS HELD FOR DEFERRED COMPENSATION PLANS 651540 F 1443280 DUE FROM CHAPTERS 178240 INTEREST RECEIVABLE 5211 DUE FROM SUBSIDIARIES 255832 439283 DUE TO CHAPTERS 1137221 DEFERRED RENT OBLIGATION 373699 1510920 X 11597323 31844 214087 245931 11351392 0 11351392 12090258 214087 214087 11876171 0 11876171 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS SUBJECT TO INCOME TAXES ON ITS UNRELATED BUSINESS INCOME. THE ASSOCIATION'S INCOME TAX EXPENSE WAS $98,381 AND $32,500 FOR THE YEARS ENDED AUGUST 31, 2019 AND 2018, RESPECTIVELY. THE ASSOCIATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ASSOCIATION DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED AUGUST 31, 2019 AND 2018. EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES CHAPTER OPERATIONS 18834 EUROPE 0 0 PROGRAM SERVICES MEETINGS 89817 0 0 0 0 0 0 108651 0 108651 0 0 1 0 0 0 X 1 1 X X X X 0 0 0 LESLIE WHITTET VP CHAPTERS 174190 0 27600 0 0 0 17600 0 18032 0 237422 0 0 0 CHRISTINE MELENDES VP CONFERENCES 168316 0 16668 0 0 0 16668 0 6411 0 208063 0 0 0 LOURA COOPER SENIOR DIRECTOR OF FINANCE 126170 0 6615 0 0 0 0 0 24271 0 157056 0 0 0 JOHN O'LOUGHLIN CFO (FORMER) 202013 0 70493 0 0 0 20494 0 22403 0 315403 0 0 0 PATRICK MORRIS CEO (FORMER) 418446 0 49250 0 25000 0 43680 0 31535 0 567911 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE ACG BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE INCUMBENT BOARD OF DIRECTORS AT THE ANNUAL MEETING. PER ARTICLE V, SECTION 7 (A) OF THE BYLAWS: "THE ANNUAL MEETING OF THE BOARD OF DIRECTORS SHALL, UNLESS OTHERWISE DETERMINED BY THE BOARD, BE THE FIRST MEETING OF THE CALENDAR YEAR. AT THAT MEETING, THE BOARD OF DIRECTORS SHALL ELECT OFFICERS AND DIRECTORS FOR THE FISCAL YEAR BEGINNING SEPTEMBER 1 OF THAT CALENDAR YEAR AND CONDUCT SUCH OTHER BUSINESS AS THE BOARD DETERMINES APPROPRIATE". FORM 990, PART VI, SECTION B, LINE 11B FIRST, THE DRAFT FORM 990 IS REVIEWED INITIALLY BY THE FINANCE COMMITTEE AFTER HAVING BEEN PREPARED BY ACG TAX CONSULTANTS AND THE CFO. THEN THE DRAFT FORM 990 IS MADE AVAILABLE TO ALL BOARD DIRECTORS FOR A REVIEW PERIOD OF SEVEN (7) CALENDAR DAYS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCATION MAINTAINS A CONFLICTS OF INTEREST POLICY, WHICH WAS ADOPTED ON FEBRUARY 23, 2010. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATE POWERS, KEY EMPLOYEE OR MATERIAL VENDOR IS REQUIRED ANNUALLY TO AFFIRM THEIR UNDERSTANDING AND AGREEMENT TO COMPLY WITH THE STATED POLICY. EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, KEY EMPLOYEE OR MATERIAL VENDOR SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OR INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; AND D) UNDERSTANDS THAT THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE CEO IS REVIEWED ANNUALLY IN SEPTEMBER BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. A REVIEW OF SIMILAR SIZE ORGANIZATIONS' FORM 990S AND INDEPENDENT NOT-FOR-PROFIT COMPENSATION STUDIES WERE PREPARED AND CONSIDERED BY THE COMPENSATION COMMITTEE BEFORE SETTING ANNUAL COMPENSATION OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES AVAILABLE ON ITS WEBSITE TO THE PUBLIC (I) THE LATEST AUDIT REPORT SIGNED BY INDEPENDENT ACCOUNTANTS, (II) THE MOST RECENT FORM 990, (III) THE ASSOCIATION'S CURRENT BYLAWS, (IV) THE CONFLICTS OF INTEREST POLICY, (V) WHISTLEBLOWER POLICY, (VI) RECORD RETENTION AND DESTRUCTION POLICY, AND (VII) THE ASSOCIATION'S PRIVACY POLICY. FORM 990, PART XII, LINE 2C ACG HAS AN AUDIT COMMITTEE GOVERNED BY THE AUDIT COMMITTEE CHARTER. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF ACG'S INDEPENDENT ACCOUNTANTS / AUDITOR. ACG CHINA LTD LEVEL 54 HOPEWELL CENTRE 183 QUEE EAST HONG KONG CH HOLDING CO. CH ASSOCIATION FOR CORPORATE GROWTH C -1850 24700 1.00000 0 ACG GLOBAL (EUROPE) LTD MUNRO HOUSE PORTSMOUTH ROAD COBHAM SURREY KT11 1 PP UK CHAPTER UK ASSOCIATION FOR CORPORATE GROWTH C -145374 213469 1.00000 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ACG CHINA LTD D 64774 ACG GLOBAL (EUROPE) LTD D 191058