2020-09-10T10:09:15-05:00 2019-12-31 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2019-01-01 260003391 THE SURETY & FIDELITY ASSOCIATION OF AMERICA SURE 2024630600 1140 19TH STREET NW NO 500 WASHINGTON DC 200366617 LEE COVINGTON PRESIDENT 2024630600 2020-09-10 1 SARA SMITH P01332734 2022932200 138.88.173.105 2020-09-10 10:08:45 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C7C937CA623DFB7884503BA84EC9B5C24C7C8E34 2019 2021-01-29 14:40:06Z LEE COVINGTON 1140 19TH STREET NW NO 500 WASHINGTON DC 200366617 5576586 0 X WWW.SURETY.ORG X 2001 DC PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS. 17 17 20 500 0 0 0 0 5040113 5403445 109823 141973 30492 30919 5180428 5576337 750 1165 0 0 3361571 3038033 0 0 0 1619805 1697852 4982126 4737050 198302 839287 5459577 6210440 3198576 3507723 2261001 2702717 PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS. 0 0 STATISTICAL REPORTS AND ANALYSIS: DATA AND REPORTS REGARDING THE SURETY AND FIDELITY INDUSTRIES PROVIDED TO MEMBERS AND OTHER INTERESTED PARTIES. EDUCATION AND PROMOTION: PUBLIC SERVICE INFORMATION TO EDUCATE CONSUMERS AND GOVERNMENT OFFICIALS ABOUT SURETY AND FIDELITY BONDS. LEGAL FEES AND LEGISLATION: FEES PAID TO MONITOR LEGISLATION AND HIRE ATTORNEYS TO PROVIDE LEGAL ADVICE ON MATTERS RELATED TO SURETY AND FIDELITY BONDS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 21 0 1 20 1 0 0 0 0 1 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 X THE ORGANIZATION 2024630600 1140 19TH STREET NW NO 500 WASHINGTON DC 200366617 LARRY TAYLOR CHAIR 1.00 0.00 X 0 0 0 JOHN WELCH VICE CHAIR 0.50 0.00 X 0 0 0 ANTONIO ALBANESE DIRECTOR 0.50 0.00 X 0 0 0 STEVE ANDERSON DIRECTOR 0.50 0.00 X 0 0 0 DENNIS BAUS DIRECTOR 0.50 0.00 X 0 0 0 RICK CIULLO DIRECTOR 0.50 1.00 X 0 0 0 GARY DUNBAR DIRECTOR 0.50 0.00 X 0 0 0 NANCY GIORDANO-RAMOS DIRECTOR 0.50 0.00 X 0 0 0 STEPHEN HANEY DIRECTOR 0.50 0.00 X 0 0 0 JAMES KAWIECKI DIRECTOR 0.50 0.00 X 0 0 0 JOHN KNOX JR DIRECTOR 0.50 0.00 X 0 0 0 THOMAS KUNKEL DIRECTOR 0.50 1.00 X 0 0 0 SHAWN LYNCH DIRECTOR 0.50 0.00 X 0 0 0 TIM MIKOLAJEWSKI DIRECTOR 1.00 1.00 X 0 0 0 BOB MURRAY DIRECTOR 0.50 0.00 X 0 0 0 ALAN PAVLIC DIRECTOR 0.50 0.00 X 0 0 0 STEPHEN RUSCHAK DIRECTOR 0.50 0.00 X 0 0 0 J LEE COVINGTON PRESIDENT 50.00 0.00 X 565307 0 77475 JOSEPH ORGOVAN DIRECTOR OF IT 50.00 0.00 X 196213 0 36016 BARBARA FINNEGAN-REIFF TREASURER & DIR, OPERATION 50.00 0.00 X 186324 0 63240 LENORE MAREMA VP GOVERNMENT AFFIARS (UNTIL 7/19) 45.00 0.00 X 154203 0 43315 LEE ANN ALEXANDER VP GOVERNMENT AFFIARS (AS OF 10/19) 45.00 0.00 X 69246 0 0 ROBERT DUKE SECRETARY & CORP COUNSEL (UNTIL 3/19) 45.00 0.00 X 67934 0 10110 JULIE ALLEYNE VP POLICY & GEN. COUNSEL 45.00 0.00 X 60617 0 0 WILLIAM HEINBOKEL DIR-FIDELITY/REGULATORY COMPLIANCE 40.00 0.00 X 203790 0 0 ALAN CLARK ACTUARY 40.00 0.00 X 127557 0 47937 DEVIN GIRARDI SURETY COUNSEL 40.00 0.00 X 123024 0 19019 EDWARD O'DONNELL STATISTICAL MANAGER 40.00 0.00 X 117589 0 52971 BRYAN SURCOUF COMMUNICATIONS MANAGER 40.00 0.00 X 107503 0 4676 LYNN SCHUBERT FORMER PRESIDENT 0.00 1.00 X 106323 0 0 2085630 0 354759 10 1 1 0 INSURANCE SERVICE OFFICES INC PO BOX 27507 NEW YORK NY 10087 STATISTICAL DATA PROCESSING 258125 1 MEMBERS' ASSESSMENTS 900099 4954053 4954053 STATISTICAL FILERS 900099 253400 253400 STUDIES AND SURVEYS 900099 99050 99050 SEMINAR REGISTRATION 900099 56942 56942 SUBSCRIBER FEES 900099 40000 40000 5403445 142222 142222 30919 30919 249 -249 -249 -249 5576337 5403445 0 172892 1165 1557960 1115856 118624 80165 165428 102564 104838 207003 9427 29912 80008 84497 291464 65836 144313 147 58436 37070 STAT. REPORTS & ANALYS. 227331 COMMITTEE ATTENDANCE FE 63800 MISCELLANEOUS EXPENSE 63088 AMICUS BRIEFS 29213 98905 4737050 554119 556361 271357 13438 21853 14497 14497 101451 169089 784008 400645 376724 383363 3666748 4349306 461243 715971 5459577 6210440 492505 359909 376425 115783 2329646 3032031 3198576 3507723 X 2261001 2702717 2261001 2702717 5459577 6210440 X 839287 119335 -516906 X 0 1 X 1 0 0 0 1 4954053 324944 -190052 134892 141084 -6192 0 0 477056 216262 260794 292755 170186 122569 14197 14197 0 383363 DEFERRED COMPENSATION 241678 MATRIX TRUST 474293 715971 DEFERRED RENT 351039 INS. DEPT. EXAM. RESERVE 83944 ACCRUED POST-RETIREMENT BENEFIT 1376352 DEFERRED COMPENSATION 241678 ACCRUED PENSION COSTS 238843 DEFERRED TENANT IMPROVEMENT ALLOWANCE 265882 SFAA MONEY PURCHASE PLAN 474293 3032031 5735735 119335 49490 168825 5566910 9427 9427 5576337 4744659 21627 21627 4723032 9427 4591 14018 4737050 PART XI, LINE 2D - OTHER ADJUSTMENTS: PAC REVENUE 49,490. PART XII, LINE 2D - OTHER ADJUSTMENTS: PAC EXPENSES 21,627. PART XII, LINE 4B - OTHER ADJUSTMENTS: NET PERIODIC BENEFIT COST ADJUSTMENT 4,591. X X X X 1 0 0 J LEE COVINGTON PRESIDENT 441981 0 120000 0 3326 0 53400 0 37489 0 656196 0 0 0 JOSEPH ORGOVAN DIRECTOR OF IT 166520 0 28308 0 1385 0 36016 0 5089 0 237318 0 0 0 BARBARA FINNEGAN-REIFF TREASURER & DIR, OPERATION 160380 0 25071 0 873 0 38591 0 29375 0 254290 0 0 0 LENORE MAREMA VP GOVERNMENT AFFIARS (UNTIL 7/19) 138648 0 0 0 15555 0 33378 0 12205 0 199786 0 0 0 WILLIAM HEINBOKEL DIR-FIDELITY/REGULATORY COMPLIANCE 176503 0 24821 0 2466 0 0 0 1913 0 205703 0 0 0 ALAN CLARK ACTUARY 109640 0 17424 0 493 0 24932 0 26300 0 178789 0 0 0 EDWARD O'DONNELL STATISTICAL MANAGER 101422 0 15704 0 463 0 23956 0 33019 0 174564 0 0 0 LYNN SCHUBERT FORMER PRESIDENT 0 0 0 0 106323 0 0 0 0 0 106323 0 0 0 PART I, LINE 4A BRYAN SURCOUF, SEVERANCE: $51,250 FORM 990, PART VI, SECTION A, LINE 6 ANY COMPANY LICENSED TO ENGAGE IN THE BUSINESS OF SURETY OR FIDELITY BONDING, OR AS A REINSURER, MAY BE ELECTED A MEMBER UPON ITS APPLICATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS WILL CONSIST OF PERSONS DESIGNATED AS REPRESENTATIVES OF MEMBERS, SELECTED BY THE MEMBERS OF THE ASSOCIATION AT THE ANNUAL MEETING. TO FACILITATE VOTING FOR PRESIDENT AND FOR MEMBERSHIP ON THE BOARD OF DIRECTORS AT AN ANNUAL OR OTHER MEETING, THE BOARD OF DIRECTORS WILL APPOINT A NOMINATING COMMITTEE OF FIVE MEMBERS AT LEAST THREE WEEKS PRIOR TO THE MEETING. THE NOMINATIONS PROPOSED BY THIS MEMBER COMMITTEE WILL BE DISTRIBUTED TO ALL MEMBERS AT LEAST ONE WEEK PRIOR TO THE MEETING. OTHER NOMINATIONS ARE ALLOWED AT THE MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE NUMBER OF VOTES THAT EACH MEMBER IS ENTITLED TO IS BASED ON THE BALANCE OF PREMIUMS WRITTEN OVER THEIR LATEST THREE-YEAR CALENDAR PERIOD. ALL MEMBERS WILL BE ENTITLED TO VOTE ON ALL MATTERS. MEMBERS VOTE TO RATIFY ANY CHANGES TO SFAA'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT DISTRIBUTES THE DRAFT OF THE FORM 990 AND RELATED SCHEDULES TO THE SFAA EXECUTIVE COMMITTEE AND MAKES IT AVAILABLE TO BOARD MEMBERS FOR INSPECTION PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS AND SENIOR STAFF ARE REQUIRED TO REVIEW AND SIGN A NEW CONFLICT OF INTEREST POLICY FORM AT THE FIRST BOARD MEETING EACH YEAR. THE CONFLICT OF INTEREST POLICY IS THEN DISCUSSED AT EACH SUBSEQUENT BOARD MEETING. IF A CONFLICT OF INTEREST ARISES, THE AFFECTED MEMBER RECUSES HIMSELF FROM CONSIDERATION OF THE CONFLICT AND THE REMAINING BOARD MEMBERS VOTE ON THE ISSUE, TAKING INTO ACCOUNT THE BEST INTERESTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED IN DETERMINING SALARIES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT POSITIONS. THE ASSOCIATION PURCHASES THE CEO COMPENSATION SURVEY PERIODICALLY. IN 2018, WE HIRED AN OUTSIDE FIRM FOR AN EXECUTIVE COMPENSATION PROJECT TO DETERMINE WHETHER ALL POSITIONS WERE WITHIN APPROPRIATE RANGES IN THE INDUSTRY. IN ADDITION, THE COMPENSATION COMMITTEE (COMPRISED OF BOARD MEMBERS) FREQUENTLY PERFORMS INDEPENDENT RESEARCH ON SALARIES. COMPENSATION SURVEYS FOR ASSOCIATIONS ALSO ARE REVIEWED TO DETERMINE KEY POSITION SALARIES, AND THE DECISION IS DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: POSTRETIREMENT PLAN ADJUSTMENT -303,437. PENSION PLAN ADJUSTMENT -213,469. THE SURETY FOUNDATION 1140 19TH STREET NW STE 500 WASHINGTON DC 200364347 731728689 SCHOLARSHIPS DC 501(C)(3) LINE 7 THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1 THE SURETY & FIDELITY ASSOCIATION OF AMERICA PAC 1140 19TH STREET NW STE 500 WASHINGTON DC 200364347 832558759 POLITICAL ACTION COMMITTEE DC 527 THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0 THE SURETY FOUNDATION L 74122 COST ALLOCATION