2020-11-16T12:29:01-06:00 2019-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2019-01-01 522023392 WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL WOME 2028725515 1120 CONNECTICUT AVENUE NW NO 10 WASHINGTON DC 20036 PAMELA PRINCE-EASON PRESIDENT/CEO 2028725515 2020-11-16 1 HOLLY CAPORALE P00235685 3019860600 2020-11-16 108.31.200.98 2020-11-16 09:48:27 ES P 9EB6C7ABDF90341FC865DF237D0CFEE310B22885 9EB6C7ABDF90341FC865DF237D0CFEE310B22885 2019 2021-01-29 14:40:06Z WBENC PAMELA PRINCE-EASON 1120 CONNECTICUT AVENUE NW NO 1000 WASHINGTON DC 20036 12491771 0 X WWW.WBENC.ORG X 1997 DC WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES. 67 66 30 128 0 0 353200 706526 11392250 10968322 31320 58412 -81842 26528 11694928 11759788 2010211 2026992 0 0 3834733 3906178 0 0 118691 5691852 5826411 11536796 11759581 158132 207 7850605 7833174 3911430 3735220 3939175 4097954 X WBENC'S MISSION IS TO FUEL ECONOMIC GROWTH GLOBALLY BY IDENTIFYING, CERTIFYING, AND FACILITATING THE DEVELOPMENT OF WOMEN-OWNED BUSINESSES. 0 0 4460593 365882 4714275 NATIONAL CONFERENCE & BUSINESS FAIR - WBENC NATIONAL CONFERENCE & BUSINESS FAIR IS AN ANNUAL EVENT SPONSORED BY WBENC TO PROMOTE THE ORGANIZATIONS' MISSION OF BEING THE LEADER IN WOMEN'S BUSINESS DEVELOPMENT. THIS ANNUAL CONFERENCE AND BUSINESS FAIR BRINGS TOGETHER MAJOR CORPORATIONS INTERESTED IN BUILDING WORLD-CLASS SUPPLIER DIVERSITY PROGRAMS, AND THE WOMEN BUSINESS OWNERS WHO ARE SEEKING TO BREAK THROUGH THE BARRIERS, AMIDST THOUGHT LEADERS ON TRENDS IMPACTING CORPORATIONS AND WOMEN-OWNED BUSINESS MUTUAL BUSINESS IN THE FUTURE. WOMEN BUSINESS OWNERS HAVE THE OPPORTUNITY TO GENERATE BUSINESS ON THE SPOT WITH MAJOR CORPORATIONS OR TO INITIATE RELATIONSHIPS THAT WILL GENERATE BUSINESS IN THE FUTURE. THE PROGRAM ALSO INCLUDES NETWORKING OPPORTUNITIES AND EDUCATIONAL PROGRAMS FOR BOTH CORPORATIONS AND WOMEN-OWNED BUSINESS. 2760766 1635540 88075 CERTIFICATION - CERTIFICATION IS THE CORNERSTONE OF WBENC'S CORE PLATFORM (CERTIFICATION, OPPORTUNITIES, RESOURCES AND ENGAGEMENT). CERTIFYING WOMEN OWNED BUSINESSES IS THE FOUNDATION OF WBENC'S MISSION, ALONG WITH CONNECTING WBENC-CERTIFIED WOMEN'S BUSINESS ENTERPRISES (WBES) WITH WBENC'S CORPORATE MEMBERS TO FACILITATE REAL TIME BUSINESS OPPORTUNITIES AND SERVING AS A RESOURCE TO OFFER TRAINING THAT HELPS THE CORPORATE MEMBER AND THE WBENC-CERTIFIED WBE GROW THEIR CAPACITY. WBENC'S WORLD-CLASS CERTIFICATION IS ACCEPTED BY MORE THAN 1,000 CORPORATIONS REPRESENTING AMERICA'S MOST PRESTIGIOUS BRANDS, IN ADDITION TO MANY STATES, CITIES AND OTHER ENTITIES. WBENC IS ALSO AN APPROVED THIRD PARTY CERTIFIER FOR THE UNITED STATES SMALL BUSINESS ADMINISTRATION (SBA) WOMEN-OWNED SMALL BUSINESS (WOSB) FEDERAL CONTRACTING PROGRAM. WBENC CERTIFICATION VALIDATES THAT THE BUSINESS IS 51 PERCENT OWNED, CONTROLLED, OPERATED, AND MANAGED BY A WOMAN OR WOMEN. 1612329 1450320 SUMMIT & SALUTE - THE SUMMIT & SALUTE IS AN ANNUAL EVENT SPONSORED BY WBENC TO FURTHER THE ORGANIZATION'S MISSION OF BEING THE LEADER IN WOMEN'S BUSINESS DEVELOPMENT. THE EVENT BRINGS TOGETHER CORPORATE MEMBERS AND WOMEN'S BUSINESS ENTERPRISES FOR EDUCATIONAL PROGRAMMING, NETWORKING OPPORTUNITIES, AND THE SALUTE GALA DINNER, WHICH IS WBENC'S ANNUAL FUNDRAISER. DURING THE TWO-DAY EVENT, WBENC RECOGNIZES AMERICA'S TOP CORPORATIONS FOR WOMEN'S BUSINESS ENTERPRISES AND AWARDS FOURTEEN WOMEN'S BUSINESS ENTERPRISE STARS. THE GOAL OF THE TOP CORPORATIONS PROGRAM IS TO HIGHLIGHT THE CORPORATIONS WHO MAKE A DEDICATED EFFORT TO DEVELOP WOMEN'S BUSINESSES AND TO USE THEM IN THEIR CORPORATE SUPPLY CHAINS. THE GOAL OF THE WOMEN'S BUSINESS ENTERPRISE STARS PROGRAM IS TO HIGHLIGHT WOMEN'S BUSINESS ENTERPRISES WHO ARE EXCELLING IN GROWING THEIR BUSINESSES AND SETTING THE STANDARDS FOR THEIR INDUSTRIES. 1897270 25570 4715652 THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL'S (WBENC) OTHER PROGRAM SERVICES INCLUDE: MEMBERSHIP SERVICES, BUSINESS STARS, TUCK, TOP CORPORATIONS, STUDENT ENTREPRENEUR PROGRAMS. 1897270 25570 4715652 10730958 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 31 0 1 30 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 67 66 1 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PAMELA PRINCE-EASON 2028725515 1120 CONNECTICUT AVE NW NO 1000 WASHINGTON DC 20036 BARBARA KUBICKI-HICKS BOARD CHAIR 1.00 X 0 0 0 JORGE ROMERO COUNCIL TO THE BOARD 1.00 X 0 0 0 NEDRA DICKSON DIRECTOR 1.00 X 0 0 0 EUGENE CAMPBELL DIRECTOR 1.00 X 0 0 0 CLINT GRIMES DIRECTOR 1.00 X 0 0 0 LYNN BOCCIO DIRECTOR 1.00 X 0 0 0 DEBRA JENNINGS-JOHNSON DIRECTOR 1.00 X 0 0 0 JIM GORZALSKI DIRECTOR 1.00 X 0 0 0 STEPHANIE BEVERIDGE DIRECTOR 1.00 X 0 0 0 AJAMU JOHNSON DIRECTOR 1.00 X 0 0 0 DAVID MORGAN DIRECTOR 1.00 X 0 0 0 PIYUSH BHARGAVA DIRECTOR 1.00 X 0 0 0 DOUG FISHER DIRECTOR 1.00 X 0 0 0 THERESA HARRISON DIRECTOR 1.00 X 0 0 0 SUE SPENCE DIRECTOR 1.00 X 0 0 0 JACKLYN WATT DIRECTOR 1.00 X 0 0 0 REGGIE HUMPHREY DIRECTOR 1.00 X 0 0 0 MICHAEL ROBINSON DIRECTOR 1.00 X 0 0 0 BEVERLY JENNINGS DIRECTOR 1.00 X 0 0 0 WILLIAM KAPFER DIRECTOR 1.00 X 0 0 0 MICHELE VAN TREECK DIRECTOR 1.00 X 0 0 0 SHAUN BUDNIK DIRECTOR 1.00 X 0 0 0 JOHN MUNSON JR DIRECTOR 1.00 X 0 0 0 PAULA RATLIFF DIRECTOR 1.00 X 0 0 0 CASEY OAKES DIRECTOR 1.00 X 0 0 0 FERNANDO HERNANDEZ DIRECTOR 1.00 X 0 0 0 CATHERINE LANNING DIRECTOR 1.00 X 0 0 0 KAREN MILLER DIRECTOR 1.00 X 0 0 0 DANNIELLA GREEN DIRECTOR 1.00 X 0 0 0 MARY MCEVOY DIRECTOR 1.00 X 0 0 0 MIKE HOFFMAN DIRECTOR 1.00 X 0 0 0 ANDY BUTLER DIRECTOR 1.00 X 0 0 0 CAROL WOODEN DIRECTOR 1.00 X 0 0 0 KATHLEEN TRIMBLE DIRECTOR 1.00 X 0 0 0 ANA KOPF DIRECTOR 1.00 X 0 0 0 LORI BILLINGSLEY DIRECTOR 1.00 X 0 0 0 SYLVESTER JOHNSON DIRECTOR 1.00 X 0 0 0 RICK WERTCSHING DIRECTOR 1.00 X 0 0 0 DEB SCHROEDER DIRECTOR 1.00 X 0 0 0 SHARON GRANT DIRECTOR 1.00 X 0 0 0 KRIS OSWOLD DIRECTOR 1.00 X 0 0 0 ANURADHA HEBBAR DIRECTOR 1.00 X 0 0 0 PHIL SEIDLER DIRECTOR 1.00 X 0 0 0 JULIE HOLMES DIRECTOR 1.00 X 0 0 0 MICHAEL BYRON DIRECTOR 1.00 X 0 0 0 APRIL DAY DIRECTOR 1.00 X 0 0 0 PHALA MIRE DIRECTOR 1.00 X 0 0 0 LIZ WALSH DIRECTOR 1.00 X 0 0 0 SUSAN RITTSCHER DIRECTOR 1.00 X 0 0 0 EMILIA DIMENCO DIRECTOR 1.00 X 0 0 0 ROZ LEWIS DIRECTOR 1.00 X 0 0 0 MARSHA FIRESTONE PHD DIRECTOR 1.00 X 0 0 0 MICHELLE RICHARDS DIRECTOR 1.00 X 0 0 0 PAMELA WILLIAMSON PHD DIRECTOR 1.00 X 0 0 0 JANICE GREENE DIRECTOR 1.00 X 0 0 0 SHEILA MIXON DIRECTOR 1.00 X 0 0 0 PATRICIA RODRIGUEZ-CHRISTIAN DIRECTOR 1.00 X 0 0 0 TERESA LAWRENCE DIRECTOR 1.00 X 0 0 0 JULI SINNETT DIRECTOR 1.00 X 0 0 0 PATTI WINSTANLEY DIRECTOR 1.00 X 0 0 0 PATTI MASSEY DIRECTOR 1.00 X 0 0 0 CATHI COAN DIRECTOR 1.00 X 0 0 0 ANN RAMAKUMARAN DIRECTOR 1.00 X 0 0 0 JOAN LAGRASSE DIRECTOR 1.00 X 0 0 0 JANE HENRY DIRECTOR 1.00 X 0 0 0 VIVIAN ISAAK DIRECTOR 1.00 X 0 0 0 HANNAH KAIN DIRECTOR 1.00 X 0 0 0 FARRYN MELTON DIRECTOR 1.00 X 0 0 0 CHERYL STEVENS DIRECTOR 1.00 X 0 0 0 JANICE BRYANT-HOWROYD DIRECTOR 1.00 X 0 0 0 PAMELA PRINCE-EASON PRESIDENT & CEO 40.00 X 437373 0 56797 PATRICIA BIRMINGHAM VP, MARKETING & TECHNOLOGY 40.00 X 299340 0 43782 VALERIE BUNNS CONTROLLER 40.00 X 185000 0 35764 ANDREW GAECKLE DIRECTOR, STRATEGIC PLANNING 40.00 X 136500 0 21020 JILL SASSO VP, HR, GOVERNANCE & PROGRAMS 40.00 X 196725 0 33282 LAURA TAYLOR VP, PARTNER NETWORK PLANNING & OPERATIONS 40.00 X 226000 0 43217 1480938 0 233862 10 0 1 0 LIMB DESIGN 1702 HOUSTON AVE HOUSTON TX 77007 DESIGN SERVICES FOR ONLINE PLATFORMS, LO 110331 1 90328 616198 706526 CONFERENCE AND EVENTS 900099 6508914 6508914 MEMBERSHIP DUES 900099 4371333 4371333 CERTIFICATION FEES 900099 88075 88075 10968322 35948 35948 395000 372536 22464 22464 22464 385975 90328 359447 26528 26528 11759788 10968322 0 84940 2026992 2026992 494170 436155 49471 8544 2469156 2113589 304998 50569 161833 138363 20136 3334 572302 491710 69090 11502 208717 179497 25046 4174 72955 40769 31573 613 31353 21482 9683 188 56171 38486 17348 337 177917 143125 34792 307256 210521 94893 1842 329294 283193 39515 6586 237637 134571 102762 304 4403755 4303929 71666 28160 86194 74127 10343 1724 11774 11774 MISCELLANEOUS 62885 58989 3896 TELECOMMUNICATION 49220 35460 12946 814 11759581 10730958 909932 118691 2009205 1510283 2966410 3023666 107018 1282161 1107149 311049 978268 1097670 943440 159983 154230 1019088 915720 102709 36840 7850605 7833174 965758 1125401 2905672 2507780 40000 102039 3911430 3735220 X 2902440 2776336 1036735 1321618 3939175 4097954 7850605 7833174 X 207 10050 148522 X X 0 1 X 1 0 X 3949650 4267355 4418251 4472375 5009131 22116762 3949650 4267355 4418251 4472375 5009131 22116762 22116762 46 37 101 140 35948 36272 22153034 30803051 0.99840 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 73100 73100 73100 73100 73100 73100 73100 73100 73100 73100 1.00000 0 0 148659 96879 51780 469565 401220 68345 479446 445341 34105 154230 CERTIFICATES OF DEPOSIT 915720 F 915720 DEFERRED RENT 102039 102039 X 12521497 10050 392212 359447 761709 11759788 0 11759788 12511240 392212 359447 751659 11759581 0 11759581 PART V, LINE 4: THE ENDOWMENT EARNINGS ARE TO BE USED FOR SCHOLARSHIPS UNDER THE DOROTHY BROTHERS SCHOLARSHIP FUND. PART X, LINE 2: WBENC REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. WBENC DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT DIRECT EXPENSES - $359,447 PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT DIRECT EXPENSES - $359,447 SALUTE 362405 362405 5000 1445 225986 12000 85927 CHERYL SNEAD MEMORIAL GOLF TOURNAME 96348 90328 6020 7248 8500 13341 1 17550 17550 476303 90328 385975 5000 1445 233234 20500 99268 359447 26528 1 WOMEN PRESIDENTS' EDUCATIONAL ORGANIZATION - NY 155 E 55TH STREET SUITE 4H NEW YORK NY 10022 134068968 501(C)(3) 290096 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN PRESIDENTS' EDUCATIONAL ORGANIZATION - DC 1120 CONNECTICUT AVE NW SUITE 1000 WASHINGTON DC 20036 134068968 501(C)(3) 241084 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS DEVELOPMENT CENTER - MIDWEST 8 SOUTH MICHIGAN 4TH FLOOR SUITE 400 CHICAGO IL 60603 363488628 501(C)(3) 211294 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE COUNCIL - WEST 1120 S ALMA SCHOOL RD 101 MESA AZ 85210 860993983 501(C)(3) 172228 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE CENTER EAST 1315 WALNUT STREET SUITE 1116 PHILADELPHIA PA 19107 232810092 501(C)(3) 163036 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. GREAT LAKES WOMEN'S BUSINESS COUNCIL 33109 SCHOOLCRAFT ROAD LIVONIA MI 48150 382571135 501(C)(3) 146338 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS COUNCIL - SOUTHWEST 5605 N MACARTHUR BLVD SUITE 220 IRVING TX 75038 752587342 501(C)(3) 127677 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. GREATER WOMEN'S BUSINESS COUNCIL 1355 PEACHTREE ST NE SUITE 640 ATLANTA GA 30309 582546664 501(C)(3) 125515 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE COUNCIL OHIO RIVER VALLEY 3458 READING ROAD CINCINNATI OH 45229 310565428 501(C)(3) 117060 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE COUNCIL SOUTH 401 ST JOSEPH STREET 2A NEW ORLEANS LA 70130 721282436 501(C)(3) 91396 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE COUNCIL FLORIDA 13155 SW 134 STREET SUITE 205 MIAMI FL 33186 650888472 501(C)(3) 86545 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE COUNCIL - PACIFIC 3616 COLBY AVE SUITE 251 EVERETT WA 98201 931268428 501(C)(3) 80938 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. WOMEN'S BUSINESS ENTERPRISE ALLIANCE 9800 NORTHWEST FREEWAY SUITE 120 HOUSTON TX 77092 760458227 501(C)(3) 76635 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. CENTER FOR WOMEN & ENTERPRISE 44 SCHOOL STREET 2ND FLOOR BOSTON MA 02108 043256236 501(C)(3) 64061 TO COMPENSATE FOR COSTS INCURRED RELATED TO WORK ON BEHALF OF THE WBENC CERTIFICATION PROCESS. 14 PART I, LINE 2: THE USE OF THE GRANTS/ASSISTANCE ARE MONITORED BASED UPON THE SERVICE LEVEL AGREEMENT BETWEEN WBENC AND THE RPO'S. X X 0 0 0 0 0 0 0 1 0 PAMELA PRINCE-EASON PRESIDENT & CEO 312000 0 110000 0 15373 0 36009 0 20788 0 494170 0 0 0 PATRICIA BIRMINGHAM VP, MARKETING & TECHNOLOGY 263000 0 25000 0 11340 0 22977 0 20805 0 343122 0 0 0 VALERIE BUNNS CONTROLLER 175000 0 10000 0 0 0 15019 0 20745 0 220764 0 0 0 ANDREW GAECKLE DIRECTOR, STRATEGIC PLANNING 129000 0 6000 0 1500 0 11223 0 9797 0 157520 0 0 0 JILL SASSO VP, HR, GOVERNANCE & PROGRAMS 170000 0 18000 0 8725 0 14313 0 18969 0 230007 0 0 0 LAURA TAYLOR VP, PARTNER NETWORK PLANNING & OPERA 210000 0 16000 0 0 0 12823 0 30394 0 269217 0 0 0 PART I, LINE 7 IN 2019, PERFORMANCE BONUSES WERE PAID AS INDICATED IN PART II OF SCHEDULE J. WOMEN PRESIDENTS' EDUCATIONAL ORGANIZATION - NY EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 290096 GRANTS 0 WOMEN'S BUSINESS DEVELOPMENT CENTER - MIDWEST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 211294 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL - WEST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 172228 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE CENTER EAST EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 163036 GRANTS 0 GREAT LAKES WOMEN'S BUSINESS COUNCIL EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 146338 GRANTS 0 GREATER WOMEN'S BUSINESS COUNCIL EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 125515 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL OHIO RIVER VALLEY EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 117060 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL SOUTH EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 91396 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE COUNCIL - PACIFIC EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 80938 GRANTS 0 WOMEN'S BUSINESS ENTERPRISE ALLIANCE EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 76635 GRANTS 0 CENTER FOR WOMEN & ENTERPRISE EXECUTIVE DIRECTOR ON THE WBENC BOARD OF DIRECTORS 64061 GRANTS 0 FORM 990, PART VI, SECTION A, LINE 2 BECAUSE THEY ARE CORPORATIONS, ORGANIZATIONS THAT ARE ON THE BOARD OF DIRECTORS SOMETIMES ENTER INTO BUSINESS TRANSACTIONS WITH OTHER ORGANIZATIONS THAT ARE ALSO ON THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION WAS ESTABLISHED AS A NOT-FOR-PROFIT CORPORATION WITH CORPORATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A TWO-THIRDS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE MEMBER CORPORATIONS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE PRESIDENT/CEO AND THE AUDIT COMMITTEE, ON BEHALF OF THE BOARD OF DIRECTORS, BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES DIRECTORS TO DISCLOSE ANY SITUATION THAT MAY RAISE A POTENTIAL CONFLICT OF INTEREST. IN ADDITION BOARD MEMBERS SIGN AN AFFIRMATION EACH YEAR. THE EMPLOYEE HANDBOOK DISCUSSES EMPLOYEES' RESPONSIBILITIES REGARDING POTENTIAL CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE TOP MANAGEMENT OFFICIAL IS DETERMINED BASED ON MARKET RATES AND APPROVED BY THE BOARD OF DIRECTORS. A SUBCOMMITTEE OF THE BOARD OF DIRECTORS, THE COMPENSATION COMMITTEE, CONDUCTS A PERIODIC SALARY SURVEY THROUGH AN INDEPENDENT CONTRACTOR TO DETERMINE MARKET COMPARABILITY FOR THE SALARIES OF OTHER KEY EMPLOYEES. FORM 990, PART VI,SECTION B, LINE 15B: THE BOARD AUTHORIZES THE PRESIDENT, IN CONSULTATION WITH THE BOARD, TO ESTABLISH JOB EVALUATION AND COMPENSATION POLICIES FOR ALL OTHER EXECUTIVE EMPLOYEES, WHICH POLICIES SHALL COMPLY WITH APPLICABLE STATE AND FEDERAL LAW. IN ESTABLISHING TOTAL COMPENSATION TO BE PAID TO EXECUTIVE EMPLOYEES, THE PRESIDENT SHALL (I) OBTAIN AND RELY ON APPROPRIATE COMPARABILITY DATA AND OTHERWISE TAKE INTO ACCOUNT RELEVANT FACTORS; AND (II) DOCUMENT THE BASIS FOR THE DETERMINATION OF REASONABLE COMPENSATION, INCLUDING PERFORMANCE EVALUATIONS AND MARKET DATA RELIED UPON. NOTWITHSTANDING THE FOREGOING, IF THE PRESIDENT HAS A CONFLICT OF INTEREST (AS THAT TERM IS DEFINED UNDER THE CONFLICT OF INTEREST POLICY) WITH RESPECT TO ANY EXECUTIVE EMPLOYEE, THE BOARD SHALL DETERMINE THE COMPENSATION PAID TO SUCH EXECUTIVE EMPLOYEE PURSUANT TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ADOPTION OF ASU 2019-08 148,522. PART XII, LINE 2C THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR.