2020-05-14T15:41:17-05:00 2019-06-30 BDO USA LLP 8401 GREENSBORO DRIVE 800 MCLEAN VA 22102 990 2018-07-01 581424769 Association for Financial Professionals % YVONNE APPIAH ASSO 3019618863 4520 East West Highway Suite 800 Bethesda MD 20814 JEFF GLENZER COO/CFO 3019618863 2020-05-12 true Marc Berger P01871563 7038930600 68.39.158.154 54621820201355000031 2020-05-14 P 59E4D0DB9883C6416E2DC71DC6F1D77838FA21A0 5A87CDB628F42FEBEB468B67B291677CC8A0A888 2018 2020-11-19 02:30:22Z JEFF GLENZER 4520 East West Highway800 Bethesda MD 20814 35616253 false X www.afponline.org X 1980 MD THE PROFESSIONAL SOCIETY THAT REPRESENTS FINANCE EXECUTIVES GLOBALLY. THE ASSOCIATION ESTABLISHED AND ADMINIST- ERS THE CERTIFIED TREASURY PROFESSIONALS AND (CONTINUED ON SCHEDULE O) 15 15 90 476 965929 81231 0 0 23271830 24553967 1391778 760506 3550 30 24667158 25314503 20431 17079 0 0 10310492 10699197 0 0 0 12883183 13109373 23214106 23825649 1453052 1488854 31509558 33043455 19158019 19160124 12351539 13883331 X TO BE THE PREFERRED GLOBAL RESOURCE AND ADVOCATE FOR THE FINANCE PROFESSION. false false ANNUAL CONFERENCE: PREMIER NETWORKING AND EDUCATIONAL EVENT INCLUDING MORE THAN 130 WORKSHOPS, PEER REVIEWED LECTURES, AND PRESENTATOINS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND CASH, BANK RELATIONSHIPS, LIQUIDITY, WORKING CAPITAL, PAYMENTS, FINANCIAL PLANNING AND ANALYSIS, AND PENSION AND EMPLOYEE PLANS. ATTENDANCE AT THE ANNUAL CONFERENCE WAS IN EXCESS OF 6,000 CORPORATE PRACTITIONERS, ASSOCIATES, AND ACADEMICS. PROFESSIONAL DEVELOPMENT: INCLUDES CERTIFICATION AND EDUCATION. THE CERTIFIED TREASURY PROFESSIONAL (CTP) EXAM WAS ADMINISTERED TO APPROXIMATELY 1500 CANDIDATES AND 500 CERTIFIED CORPORATE FINANCIAL PLANNING AND ANALYSIS (FP&A) EXAM PARTS WERE DELIVERED. IN ADDITION, APPROXIMATELY 2400 CTPS, WHO MET THE REQUIREMENT FOR CONTINUING PROFESSIONAL EDUCATION CREDITS OVER A THREE-YEAR PERIOD, WERE RECERTIFIED. EDUCATION: CONDUCTED WORKSHOPS, WEBINARS AND SEMINARS ON A VARIETY OF TOPICS IN CORPORATE FINANCE. COMMUNICATIONS: PUBLISHED MONTHLY NEWSLETTERS AND FOUR ISSUES OF EXCHANGE MAGAZINE WITH TOPICS COVERING ECONOMICS, CORPORATE PAYMENTS, RISK AND FINANCIAL MANAGEMENT, CAREER DEVELOPMENT, AND LEGAL AND REGULATORY DEVELOPMENTS. 0 0 0 Membership & Marketing 0 0 0 Research 0 0 0 Website 0 0 0 0 false false false true false false false false false true true false true true true false true false false false false false false false false false true false true false false false false false false false false false false false true true false false true 90 0 true 90 true true true false false false false false false false X 15 15 false false false false true true true true false false false true true true true true true true true false X YVONNE APPIAH 3019618863 4520 EAST WEST HIGHWAY STE 800 Bethesda MD 20814 X Robert Whitaker CTP Chairman of the Board 5.0 0.0 X X 0 0 0 Terry Crawford CTP Vice Chairman - Treasurer 5.0 0.0 X X 0 0 0 Jordan Krugman CTP Vice Chairman - Secretary 5.0 0.0 X X 0 0 0 Jeff Johnson CTP CPA Past Chairman 5.0 0.0 X X 0 0 0 Irena Barisic FPA Director 5.0 0.0 X 0 0 0 Chris Fulton CTP Director 5.0 0.0 X 0 0 0 T Jonathan Hall CTP Director 5.0 0.0 X 0 0 0 Michael High FPA Director 5.0 0.0 X 0 0 0 Ferdinand Jahnel CTP Director 5.0 0.0 X 0 0 0 Joan Piscitello CTP Director 5.0 0.0 X 0 0 0 Tamara Saront-Eisner CTP Director 5.0 0.0 X 0 0 0 Fred Schacknies Director 5.0 0.0 X 0 0 0 Matthew Skurbe CTP Director 5.0 0.0 X 0 0 0 Gaileon Thompson CTP FPA Director 5.0 0.0 X 0 0 0 Meredith Vance CTP Director 5.0 0.0 X 0 0 0 James Kaitz President, CEO 50.0 0.0 X 1045488 0 165492 Jeff Glenzer Executive VP, COO 50.0 0.0 X 321953 0 44685 Joseph DeSalvio CFO 50.0 0.0 X 184290 0 30748 Patrick Culkin Executive VP 50.0 0.0 X 347919 0 44752 Galina Kozachenko MD-Strategy, Analytics, Tech 50.0 0.0 X 199827 0 37071 Melissa Rawak MD-Membership, Mktg, Events 50.0 0.0 X 229840 0 28156 Donna Berzellini MD - Learning & Development 40.0 0.0 X 214015 0 31352 Elizabeth Gunzel MD - People & Training 40.0 0.0 X 235044 0 25884 Kevin Boyle Dir - Access Sales 40.0 0.0 X 208956 0 29068 Justin Barch Dir - Corp Sales 40.0 0.0 X 208523 0 17347 Thomas Hunt Dir - Treasury Services 40.0 0.0 X 169629 0 25727 Timothy Eagan Corp Sales Executive 40.0 0.0 X 174085 0 17244 Raheim Swann Corp Sales Executive 40.0 0.0 X 159355 0 24460 3698924 0 521986 31 false true false Savor 2301 S Lake Shore Drive CHICAGO IL 60616 Conference Catering 3106636 Freeman Audio Visual 675 NWashington St Suite 200 ALEXANDRIA VA 22314 Conf Productions 962225 360 Destination Group360 DG Chicag 9444 Balboa Ave Suite 440 SAN DIEGO CA 92123 Conf Event Services 533800 DelCor Technology Solutions Inc 8380 Colesville Rd 550 SILVER SPRING MD 20910 IT Services 500598 Kushner Associates 24003A Ventura BlvdSuite 100 CALABASAS CA 91302 Conf Transportation 466857 23 0 CONFERENCES 541900 12614038 12366238 247800 MEMBERSHIP DUES 900099 5704144 5704144 PROFESSIONAL DEVELOPMENT 541900 2700214 2377766 322448 CERTIFICATIONS 900099 2909467 2909467 COMMUNICATIONS 511120 626104 230423 395681 24553967 759755 759755 0 30 30 0 0 0 10302501 10301750 751 751 751 0 0 0 0 0 0 0 0 0 0 25314503 23588038 965929 760536 X 17079 0 0 0 3186516 0 5291525 495869 1199042 526245 0 59477 66444 0 0 55864 4482406 0 0 0 45755 1055068 1033931 0 819660 790047 0 2632090 461 0 709889 161568 HONARARIA 947761 TAXES 112541 DUES & SUBSCRIPTIONS 78810 PROFESSIONAL DEVELOPMENT 57601 23825649 0 0 0 0 0 5819438 5982969 0 0 661150 429044 0 0 0 0 0 0 0 0 1437739 1623127 4925992 3105424 1707659 1820568 14616661 14163112 3516335 4353588 0 0 476457 955167 3274119 3715880 31509558 33043455 3090718 3041048 0 0 11478099 11169472 0 0 0 0 0 0 0 0 0 0 4589202 4949604 19158019 19160124 X 12351539 13883331 0 0 0 0 12351539 13883331 31509558 33043455 1488854 42938 X false true X true false false true false 646497 164706 481791 310170 235348 74822 3969325 2705370 1263955 1820568 VOYA SECURITIZED CREDIT(VCFIX 1703008 F VANGUARD INTERM TERM (VBILX) 1666105 F BAIRD INTERMEDIATE BD (BIMIX) 984475 F 4353588 DEFERRED COMPENSATION 3715880 3715880 0 DEFERRED COMPENSATION 3715880 DEFERRED RENT 1223187 CAPITAL LEASE PAYABLE 10537 4949604 X 25301577 42938 42938 25258639 55864 55864 25314503 23769785 23769785 55864 55864 23825649 Schedule D, Part X, Line 2: AFP is exempt from the payment of federal income taxes on its exempt activities under Section 501(c)(6) of the Internal Revenue Code (IRC). However, AFP is subject to income tax on unrelated business income activity. For the years ended June 30, 2019 and 2018, the Association had net unrelated business income of approximately $160,000 and $91,000, respectively. For the years ended June 30, 2019 and 2018, the Association had $49,000 and $27,000 of business income tax liability, respectively. AFP HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. THE TAX YEARS ENDED JUNE 30, 2018, 2017 AND 2016 ARE STILL OPEN TO AUDIT FOR BOTH FEDERAL AND STATE PURPOSES. AFP HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. The Association owns AFPS, which is a for-profit entity. Taxes due in the local jurisdiction are included for financial statement purposes. The provision for income taxes for this company was zero as of June 30, 2019. The Association owns AFPS, which is a for-profit entity. Taxes due in the local jurisdiction are included for financial statement purposes. The provision for income taxes for this company was zero as of June 30, 2019. false Foundation for Hospital Art 131 Village Centre West Woodstock CA 30188 581563444 501(c)(3) 8780 Cost Paintfest Event Kits Donation 1 X X X true true X X X X X X false true false James Kaitz President, CEO 707417 0 312862 0 25209 0 154240 0 11252 0 1210980 0 0 0 Jeff Glenzer Executive VP, COO 249750 0 67000 0 5203 0 28500 0 16185 0 366638 0 0 0 Joseph DeSalvio CFO 180556 0 0 0 3734 0 21327 0 9421 0 215038 0 0 0 Patrick Culkin Executive VP 262500 0 80000 0 5419 0 28500 0 16252 0 392671 0 0 0 Galina Kozachenko MD-Strategy, Analytics, Tech 149827 0 50000 0 0 0 22699 0 14372 0 236898 0 0 0 Melissa Rawak MD-Membership, Mktg, Events 174840 0 55000 0 0 0 15946 0 12210 0 257996 0 0 0 Donna Berzellini MD - Learning & Development 171866 0 33875 0 8274 0 23022 0 8330 0 245367 0 0 0 Elizabeth Gunzel MD - People & Training 177494 0 55000 0 2550 0 22906 0 2978 0 260928 0 0 0 Kevin Boyle Dir - Access Sales 94908 0 114048 0 0 0 14464 0 14604 0 238024 0 0 0 Justin Barch Dir - Corp Sales 126563 0 81722 0 238 0 14572 0 2775 0 225870 0 0 0 Thomas Hunt Dir - Treasury Services 145629 0 24000 0 0 0 11387 0 14340 0 195356 0 0 0 Timothy Eagan Corp Sales Executive 94388 0 79697 0 0 0 11505 0 5739 0 191329 0 0 0 Raheim Swann Corp Sales Executive 70931 0 88424 0 0 0 11676 0 12784 0 183815 0 0 0 Schedule J, Part I, Line 1a: One employee was relocated to Singapore to run the newly opened AFP Singapore Branch. The related ex-patriate agreement included family travel, housing & relocation allowance. Also, CEO receives an allowance for contracted Health Club dues. Schedule J, Part I, Line 4b: James KaItz participates in the 457(f) plan. The contribution to the plan was $175,000. Donna Berzellini participates in the 457(f) plan. There was no contribution to the plan during the period. Form 990, Part I, Line 1 (Continued): CERTIFIED FP&A PROFESSIONAL CREDENTIALS, WHICH SET STANDARDS OF EXCELLENCE IN FINANCE. MEMBERS ARE SUPPORTED THROUGH RESEARCH, EDUCATION, CERTIFICATION, PUBLICATIONS AND REPRESENTATION. Form 990, Part VI, Section A, Line 6: THE ORGANIZATION HAS THE FOLLOWING TYPES OF MEMBERS: PRACTITIONER MEMBER - AN INDIVIDUAL IS A PRACTITIONAL MEMBER IF HE/SHE IS INVOLVED IN FINANCIAL MANAGEMENT FUNCTIONS WITHIN HIS/HER ORGANIZATION AND IS A MAJOR PARTICIPANT IN DECISION-MAKING REGARDING SUCH FUNCTIONS. ASSOCIATE MEMBER - AN INDIVIDUAL WILL BE CONSIDERED AN ASSOCIATE MEMBER IF HE/SHE DOES NOT MEET THE MEMBERSHIP CRITERIA TO BE A PRACTITIONER MEMBER, BUT IS INVOLVED IN, OR INTERESTED IN, FINANCIAL MANAGEMENT ACTIVITIES SUCH AS BANKING, CONSULTING, ETC. ACADEMIC MEMBER - AN INDIVIDUAL IS AN ACADEMIC MEMBER IF HE/SHE IS EMPLOYED FULL TIME BY A POST-SECONDARY EDUCATIONAL INSTITUTION AND HIS/HER PRINCIPAL DUTIES INVOLVE TEACHING AND RESEARCH IN MATTERS RELATED TO TREASURY AND FINANCIAL MANAGEMENT. STUDENT MEMBER - AN INDIVIDUAL IS A STUDENT MEMBER IF HE/SHE IS A COLLEGE OR UNIVERSITY JUNIOR, SENIOR OR GRADUATE LEVEL STUDENT MAJORING IN A BUSINESS OR FINANCE RELATED FIELD. Form 990, Part VI, Section A, Line 7a: ONLY PRACTITIONER MEMBERS ARE ALLOWED TO VOTE ON ASSOCIATION FOR FINANCIAL PROFESSIONALS MATTERS AND HOLD OFFICE IN THE ASSOCIATION FOR FINANCIAL PROFESSIONALS. PRACTITIONERS ELECT A SLATE BOARD OF CANDIDATES BY DIRECT BALLOTS. Form 990, Part VI, Section A, Line 7b: PRACTITIONER MEMBERS CAN VOTE ON ALL ASSOCIATION FOR FINANCIAL PROFESSIONAL MATTERS INCLUDING CHANGES TO GOVERNING DOCUMENTS. Form 990, Part VI, Section A, Line 8b: SOME OF THE COMMITTEES ARE NOT REQUIRED TO RECORD MINUTES. Form 990, Part VI, Section B, Line 11b: THE ASSOCIATION'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL. AFP WILL PROVIDE AN ELECTRONIC COPY OF THE FORM TO THE BOARD MEMBERS TO ACCESS FOR REVIEW AND ASK QUESTIONS BEFORE FILING WITH THE IRS. THE AUDIT COMMITTEE OF THE BOARD REVIEWED THE FORM 990 AND 990-T AND, PRIOR TO ITS FILING, RECOMMENDED APPROVAL TO THE FULL BOARD. Form 990, Part VI, Section B, Line 12c: ALL EMPLOYEES AND MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY WILL COMPLY WITH ASSOCIATION POLICY ON CONFLICTS OF INTEREST AND DISCLOSE CONFLICTS OF INTEREST. INFORMATION CONCERNING POSSIBLE VIOLATIONS OF ASSOCIATION POLICY ARE TO BE REPORTED TO SENIOR MANAGEMENT (CEO, COO, CFO OR DIRECTOR OF HR) OR, IN THE CASE OF INFORMATION CONCERNING FINANCIAL CONFLICTS OF INTEREST, MAY BE REPORTED DIRECTLY TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS ARE ADDRESSED ON A CASE-BY-CASE BASIS BY THE APPROPRIATE LEVEL OF MANAGEMENT OR BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. IF A CONFLICT IS DETERMINED TO EXIST AT THE BOARD LEVEL, THE INDIVIDUAL IS NOT PERMITTED TO VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICT OF INTEREST ARE NOTED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15a/b: THE BOARD RETAINS AN INDEPENDENT CONSULTANT TO RECOMMEND CHANGES TO PRESIDENT/CEO COMPENSATION. THE CONSULTANT MAKES RECOMMENDATIONS TO THE OVERSIGHT COMMITTEE OF THE BOARD BASED ON ANALYSIS OF PRESIDENT/CEO COMPENSATION AT PEER ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS. THE PROCESS FOR DETERMINING COMPENSATION LEVELS FOR THE OTHER OFFICERS AND KEY EMPLOYEES INCLUDING ANALYSIS OF EACH POSITION BASED ON BENCHMARKS AGAINST OTHER ORGANIZATIONS OF SIMILAR SIZE AND COMPLEXITY BY THE HUMAN RESOURCES DEPARTMENT. ANNUAL EMPLOYEE REVIEWS ARE CONDUCTED BY THE CEO AND OR DIRECT SUPERVISOR. Form 990, Part VI, Section C, Line 19: The Association's governing documents, conflict of interest policy, and financial statements are not made available to the public. Form 990, PART XII, Line 2c: This year (FY2019), the audit committee will review the 990 and 990T tax returns prior to filing. FORM 990 PART IX LINE 11G DESCRIPTION:OUTSIDE SERVICES TOTAL FEES:3436757 FORM 990 PART IX LINE 11G DESCRIPTION:CONSULTANTS TOTAL FEES:897610 FORM 990 PART IX LINE 11G DESCRIPTION:TEMPORARY EMPLOYMENT TOTAL FEES:148039 ASSOCIATION FOR FINANCIAL PROFESSIONALS 4520 EAST WEST HIGHWAY SUITE 750 Bethesda MD 20814 812529279 PAC Activity MD 527 AFP true false false false false false false false false false false false false false true true false false false false