2019-11-11T11:00:20-06:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 340948453 SOCIETY FOR HUMAN RESOURCE MANAGEMENT SOCI 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 MARY MOHNEY TREASURER/CFO 7035483440 2019-11-11 1 FRANK H SMITH P00639053 2022274000 2019-11-11 47.19.127.190 2019-11-11 11:00:15 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D0A660CE6712EE0CCB975CEA23282D1665B78CA0 2018 2020-03-31 21:24:44Z JOHNNY C TAYLOR JR 1800 DUKE STREET ALEXANDRIA VA 223143499 209837188 0 4372 X WWW.SHRM.ORG X 1949 OH SHRM'S MISSION IS TO SERVE THE NEEDS OF HUMAN RESOURCE PROFESSIONALS. 13 12 505 17034 9401465 1911942 0 0 106881923 121739878 8363190 6998242 15811881 16966777 131056994 145704897 2330289 3002005 0 0 56271783 53932132 0 0 0 69449229 74668614 128051301 131602751 3005693 14102146 216438006 215497225 93257126 84082019 123180880 131415206 X SHRM EMPOWERS PEOPLE AND WORKPLACES BY ADVANCING HR PRACTICES AND BY MAXIMIZING HUMAN POTENTIAL. 1 0 GOVERNMENT AND PUBLIC AFFAIRS: SHRM MONITORS CONGRESSIONAL ACTIONS THAT IMPACT HUMAN RESOURCE MANAGEMENT ISSUES AND REPRESENTS MEMBERS' POSITIONS ON PENDING LEGISLATION AND REGULATORY ISSUES. CERTIFICATION PROGRAM: SHRM HAS ESTABLISHED TWO COMPETENCY BASED CERTIFICATIONS WHICH ASSESS, THROUGH KNOWLEDGE AND SITUATIONAL JUDGMENT QUESTIONS, HR PROFESSIONAL CAPABILITIES IN THE ASPECTS OF PRACTICING HUMAN RESOURCES. SEMINARS AND EDUCATIONAL PROGRAMS: SHRM PROVIDES VARIOUS FORUMS AND PRODUCTS TO HELP EDUCATE HUMAN RESOURCE PROFESSIONALS AND DISSEMINATE INFORMATION ON HUMAN RESOURCE ISSUES AND PROVIDE A NETWORKING FORUM FOR SUCH PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 426 0 1 505 1 1 1 1 IN CH AE CJ 0 0 0 0 0 0 X 13 12 0 0 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X MARY MOHNEY 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 JOHNNY C TAYLOR JR SHRM-SCP PRES & CEO/HRPS, SHRMF, & CFGI DIR 37.50 4.00 X X 702984 0 66328 CORETHA M RUSHING SHRM-SCP CHAIR 8.00 X X 47155 0 0 DAVID WINDLEY SHRM-SCP CHAIR DESIGNATE 8.00 X X 25381 0 0 JANET ALBERTI DIRECTOR 8.00 X 20381 0 0 MELISSA ANDERSON DIRECTOR 8.00 X 0 0 0 SALLY HORNICK ANDERSON SHRM-SCP DIRECTOR 8.00 X 20381 0 0 MICHELLE BOTTOMLEY DIRECTOR 8.00 X 25381 0 0 STEVEN BROWNE SHRM-SCP DIRECTOR 8.00 X 20381 0 0 THOMAS W DERRY DIRECTOR 8.00 X 25381 0 0 DONNA MORRIS SHRM-SCP DIRECTOR 8.00 X 25381 0 0 JOHANNA SODERSTROM DIRECTOR 8.00 X 20381 0 0 PATRICK WRIGHT PHD DIRECTOR 8.00 X 20381 0 0 GRETCHEN K ZECH SHRM-SCP DIRECTOR 8.00 X 20381 0 0 MARY MOHNEY CPA TREASURER & CFO 37.50 X 552607 0 167882 ELIZABETH O BILLE JDSHRM-SCP SEC./GEN. COUNSEL - UNTIL 08/2018 37.50 X 247773 0 39846 EMILY DICKENS JD SEC CHIEF OF STAFF 37.50 X 216239 0 30312 JESSICA PERRY CHIEF DIGITAL OFFICER 37.50 X 470311 0 240900 MARGO VICKERS CHIEF EXT. REL. OFF. - UNTIL 09/2018 37.50 X 448725 0 276814 JEANEEN ANDREWS-FELDMAN CHIEF MARKETING OFFICER 37.50 X 444841 0 101379 NICHOLAS SCHACHT SHRM-SCP CHIEF GLOBAL DEV. OFFICER 37.50 X 356562 0 156135 ALEXANDER ALONSO PHD SHRM-SCP CHIEF KNOWLEDGE ADVISOR 37.50 X 326568 0 48167 SCOTT OPPLER SHRM-SCP VP. CERT. RESEARCH & ANALYSIS 37.50 X 306318 0 101704 MICHAEL AITKEN VP, GOVERNMENT AFFAIRS 37.50 X 274823 0 82409 ANTHONY LEE VP, EDITORIAL 37.50 X 249730 0 113766 ELISSA O'BRIEN SHRM-SCP CHIEF MEMBER. OFFICER - UNTIL 09/2018 37.50 X 236012 0 71103 STACEY B HOLVENSTOT VP, MARKETING 37.50 X 235462 0 37949 MEGAN SMITH CPA CONTROLLER 37.50 X 229221 0 54313 ELIZABETH W BLOCK VP, MEETINGS & CONFERENCES 37.50 X 227805 0 58531 TIM CANNY VP, ADVERTISING SALES 37.50 X 226348 0 108117 BETTINA DEYNES SHRM-SCP CHIEF HR OFFICER - UNTIL 05/2018 37.50 X 219665 0 11933 VLADAN DASIC CIO - UNTIL 03/2018 37.50 X 211642 0 25731 TRENT BURNER VP, RESEARCH 37.50 X 201534 0 24804 VIVEK PATEL DIR, TECH. SOLUTIONS 37.50 X 197573 0 44787 LYNN SHOTWELL SVP GLOBAL OUTREACH & OPS - AS OF 10/18 37.50 37.50 X 164211 228721 90378 MICHELLE SPARACINO VP, CERT SVC. & OPS - UNTIL 02/18 37.50 37.50 X 60283 143503 65041 SERGIO SANCHEZ-ZUFFEREY VP, BRAND/MEM. VALUE - UNTIL 10/18 37.50 X 174282 0 18537 TODD M OOSTERVEEN DIR TECH INFRA. - UNTIL 12/2018 37.50 X 214705 0 31590 KIMBERLY LAMBERT ACCOUNT EXECUTIVE 37.50 X 217994 0 45011 PETER LEHMAYER ACCOUNT EXECUTIVE 37.50 X 198406 0 26358 NANCY WOOLEVER DIR. EXAM DEVELOPMENT 37.50 X 178969 0 47373 LA TANYA JAMES-ROUSE ASSOCIATE GENERAL COUNSEL 37.50 X 172224 0 39144 HENRY G JACKSON CPA FORMER PRES & CEO/HRPS & CFGI DIR 0.00 0.00 X 788381 0 0 LISA L CONNELL FORMER SHRM VP/ EXEC. DIR, HRPS 0.00 37.50 X 0 255964 49398 J ROBERT CARR JD SHRM-SCP FORMER SVP, MEM. & EXT. AFFAIRS 0.00 0.00 X 192081 0 1450 9215244 628188 2277190 134 1 1 0 WUNDERMAN 1055 THOMAS JEFFERSON STREET NW WASHINGTON DC 20007 MARKETING SERVICES 7541758 HOLMES CORPORATION 2975 LONE OAK DRIVE SUITE 180 EAGON MN 55121 DEVELOPMENT/PROMOTION SERVICES 6439463 SAVOR CHICAGO AT MCCORMICK PLACE 2301 S LAKESHORE DRIVE CHICAGO IL 60616 CONFERENCE SERVICES 1743760 PROMETRIC INC PO BOX 223608 PITTSBURGH PA 15251 TESTING SERVICES 1595919 INVNT LLC 524 BROADWAY FLOOR 4 NEW YORK NY 10012 CONFERENCE SERVICES 1569539 113 MEMBERSHIP DUES 900099 52030181 52030181 ANNUAL CONFERENCE 611430 32641704 26663557 5978147 CERTIFICATION PROGRAM 900099 12743242 12743242 SEMINARS 611430 9741333 9741333 ADVERTISING 541800 9202207 9202207 5381211 5103361 277850 121739878 3495257 72887 3422370 781090 781090 1263479 793769 469710 469710 15139 454571 60682333 57179348 3502985 3502985 3502985 19660620 6159174 13501446 13421214 80232 ADMINISTRATIVE FEES 561000 990049 990049 MISCELLANEOUS 900099 738078 738078 MAILING LIST RENTAL 900099 371268 371268 115136 31000 84136 2214531 145704897 119702888 9401465 16600544 3002005 9160603 788381 31380004 5409349 4492141 2701654 657541 1288819 1080421 477646 7192906 9122433 13777015 4577145 2020528 3703851 13169523 7657475 434377 UBI TAXES 411569 CHAPTER SUPPORT 2219739 TESTING FEES 1663657 AGENCY/SALES COMMISSION 1658055 3555914 131602751 194 194 20784935 29186733 2610012 2881024 285097 355142 11615460 9598670 71381693 35924342 36424157 35457351 126939785 127861881 9286022 2289953 8492344 7866277 216438006 215497225 12907516 15555335 39009879 42990429 2020166 1540252 39319565 23996003 93257126 84082019 X 123180880 131415206 123180880 131415206 216438006 215497225 X 14102146 -14249743 8381923 X 0 1 X 1 0 0 0 1 52030181 2453502 -7464016 -5010514 1560905 -6571419 5883311 5883311 36369416 16040772 20328644 6208973 5351006 857967 22919993 14532564 8387429 35457351 ACCRUED BENEFIT COST 23735748 DUE TO RELATED ENTITIES 163669 DEPOSITS 96586 23996003 X 137930451 -14249743 6952943 -7296800 145227251 477646 477646 145704897 138078048 6952943 6952943 131125105 477646 477646 131602751 PART X, LINE 2: THE ORGANIZATION EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR WHICH MIGHT HAVE ANY EFFECT ON THE ORGANIZATION'S TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 793,769. COST OF GOODS SOLD 6,159,174. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 793,769. COST OF GOODS SOLD 6,159,174. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 4299902 SOUTH ASIA 0 0 PROGRAM-RELATED INVESTMENT 3233471 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM-RELATED INVESTMENT 456889 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 398475 0 0 0 0 0 0 8388737 0 8388737 1 0 1 0 0 1 PART I, LINE 3 SHRM'S WHOLLY OWNED SUBSIDIARY, STRATEGIC HUMAN RESOURCE MANAGEMENT INDIA PRIVATE LIMITED, MAINTAINS 3 OFFICES WITH 31 EMPLOYEES AND INDEPENDENT CONTRACTORS AND PROVIDES PROGRAM SERVICES THROUGH EDUCATIONAL PROGRAMS IN SOUTH ASIA. SHRM'S WHOLLY OWNED SUBSIDIARY, SHRM CORPORATION, HAS A BEIJING WHOLLY FOREIGN OWNED ENTERPRISE, WHICH MAINTAINS 1 OFFICE AND FACILITATES PROGRAM SERVICES THROUGH EDUCATIONAL PROGRAMS IN EAST ASIA AND THE PACIFIC. SHRM CORPORATION ESTABLISHED SHRM MANAGEMENT CONSULTING (BEIJING) CO., LTD. TO PROVIDE HR RESEARCH AND EDUCATIONAL PROGRAMS IN CHINA. SHRM CORPORATION ALSO HAS ANOTHER WHOLLY OWNED SUBSIDIARY, SHRM MIDDLE EAST & AFRICA FZ LLC, WHICH MAINTAINS ONE OFFICE WITH APPROXIMATELY 3 EMPLOYEES AND PROVIDES EDUCATIONAL PROGRAMS IN THE MIDDLE EAST. 1 HR PEOPLE & STRATEGY INC 1800 DUKE STREET ALEXANDRIA VA 22314 132989471 501(C)(3) 1750000 GENERAL OPERATING SUPPORT SHRM FOUNDATION INC 1800 DUKE STREET ALEXANDRIA VA 22314 346610067 501(C)(3) 802605 GENERAL OPERATING SUPPORT US DEPARTMENT OF EDUCATION 400 MARYLAND AVE SW WASHINGTON DC 20202 521198289 N/A 30000 GENERAL CONFERENCE SUPPORT US CHAMBER OF COMMERCE FOUNDATION PO BOX 1200 WASHINGTON DC 20013 461561597 501(C)(3) 57000 GENERAL OPERATING SUPPORT JOBS FOR AMERICA'S GRADUATES INC 1729 KING STREET SUITE 100 ALEXANDRIA VA 22314 521194546 501(C)(3) 100000 GENERAL OPERATING SUPPORT THE SEMINAR NETWORK INC 2300 WILSON BOULEVARD SUITE 500 ARLINGTON VA 22201 463508366 501(C)(3) 100000 GENERAL OPERATING SUPPORT AMERICAN RED CROSS 431 18TH STREET NW WASHINGTON DC 20006 530196605 501(C)(3) 25000 GENERAL OPERATING SUPPORT THIRD WAY FOUNDATION INC 1200 NEW HAMPSHIRE AVENUE NW SUITE 575 WASHINGTON DC 20036 521629221 501(C)(3) 45000 GENERAL OPERATING SUPPORT CONGRESSIONAL HISPANIC CAUCUS INSTITUTE 1128 16TH STREET NW WASHINGTON DC 20036 521114225 501(C)(3) 92400 GENERAL OPERATING SUPPORT 9 0 PART I, LINE 2: DUE DILIGENCE IS PERFORMED FOR ALL POTENTIAL GRANT RECIPIENTS. GENERAL SUPPORT CONTRIBUTIONS ARE MADE TO WELL ESTABLISHED ORGANIZATIONS KNOWN FOR SUCCESSFUL OPERATIONS AND WORK THAT IS CLOSELY ALIGNED WITH SHRM'S MISSION AND OBJECTIVES. X X X X 1 1 X X X X X X 1 1 0 JOHNNY C TAYLOR JR SHRM-SCP PRES & CEO/HRPS, SHRMF, & CFGI DIR 664961 0 12601 0 25422 0 53833 0 12495 0 769312 0 0 0 MARY MOHNEY CPA TREASURER & CFO 382240 0 169475 0 892 0 151550 0 16332 0 720489 0 0 0 ELIZABETH O BILLE JDSHRM-SCP SEC./GEN. COUNSEL - UNTIL 08/2018 161905 0 85593 0 275 0 39846 0 0 0 287619 0 0 0 EMILY DICKENS JD SEC CHIEF OF STAFF 215633 0 0 0 606 0 25029 0 5283 0 246551 0 0 0 JESSICA PERRY CHIEF DIGITAL OFFICER 327781 0 140863 0 1667 0 235617 0 5283 0 711211 0 0 0 MARGO VICKERS CHIEF EXT. REL. OFF. - UNTIL 09/2018 309069 0 60707 0 78949 0 272408 0 4406 0 725539 0 0 0 JEANEEN ANDREWS-FELDMAN CHIEF MARKETING OFFICER 326100 0 116935 0 1806 0 86230 0 15149 0 546220 0 0 0 NICHOLAS SCHACHT SHRM-SCP CHIEF GLOBAL DEV. OFFICER 315226 0 39461 0 1875 0 139803 0 16332 0 512697 0 0 0 ALEXANDER ALONSO PHD SHRM-SCP CHIEF KNOWLEDGE ADVISOR 248320 0 77828 0 420 0 37196 0 10971 0 374735 0 0 0 SCOTT OPPLER SHRM-SCP VP. CERT. RESEARCH & ANALYSIS 247512 0 57000 0 1806 0 101704 0 0 0 408022 0 0 0 MICHAEL AITKEN VP, GOVERNMENT AFFAIRS 222297 0 50789 0 1737 0 66077 0 16332 0 357232 0 0 0 ANTHONY LEE VP, EDITORIAL 193219 0 54774 0 1737 0 98617 0 15149 0 363496 0 0 0 ELISSA O'BRIEN SHRM-SCP CHIEF MEMBER. OFFICER - UNTIL 09/2018 141596 0 39741 0 54675 0 58540 0 12563 0 307115 0 0 0 STACEY B HOLVENSTOT VP, MARKETING 193166 0 41691 0 605 0 37949 0 0 0 273411 0 0 0 MEGAN SMITH CPA CONTROLLER 180344 0 48323 0 554 0 37981 0 16332 0 283534 0 0 0 ELIZABETH W BLOCK VP, MEETINGS & CONFERENCES 184741 0 40501 0 2563 0 53626 0 4905 0 286336 0 0 0 TIM CANNY VP, ADVERTISING SALES 186291 0 37477 0 2580 0 95790 0 12327 0 334465 0 0 0 BETTINA DEYNES SHRM-SCP CHIEF HR OFFICER - UNTIL 05/2018 107968 0 56370 0 55327 0 5023 0 6910 0 231598 0 0 0 VLADAN DASIC CIO - UNTIL 03/2018 56288 0 46706 0 108648 0 21928 0 3803 0 237373 0 0 0 TRENT BURNER VP, RESEARCH 163364 0 0 0 38170 0 9100 0 15704 0 226338 0 0 0 VIVEK PATEL DIR, TECH. SOLUTIONS 166695 0 30536 0 342 0 28455 0 16332 0 242360 0 0 0 LYNN SHOTWELL SVP GLOBAL OUTREACH & OPS - AS OF 10/18 52882 175354 0 52624 111329 743 21897 52149 4083 12249 190191 293119 0 0 MICHELLE SPARACINO VP, CERT SVC. & OPS - UNTIL 02/18 33913 142845 26205 0 165 658 692 59444 0 4905 60975 207852 0 0 SERGIO SANCHEZ-ZUFFEREY VP, BRAND/MEM. VALUE - UNTIL 10/18 145806 0 6416 0 22060 0 4718 0 13819 0 192819 0 0 0 TODD M OOSTERVEEN DIR TECH INFRA. - UNTIL 12/2018 166802 0 23166 0 24737 0 26510 0 5080 0 246295 0 0 0 KIMBERLY LAMBERT ACCOUNT EXECUTIVE 96966 0 120567 0 461 0 28679 0 16332 0 263005 0 0 0 PETER LEHMAYER ACCOUNT EXECUTIVE 97600 0 100491 0 315 0 21075 0 5283 0 224764 0 0 0 NANCY WOOLEVER DIR. EXAM DEVELOPMENT 150449 0 27294 0 1226 0 47373 0 0 0 226342 0 0 0 LA TANYA JAMES-ROUSE ASSOCIATE GENERAL COUNSEL 151817 0 20112 0 295 0 22812 0 16332 0 211368 0 0 0 HENRY G JACKSON CPA FORMER PRES & CEO/HRPS & CFGI DIR 30653 0 757523 0 205 0 0 0 0 0 788381 0 0 0 LISA L CONNELL FORMER SHRM VP/ EXEC. DIR, HRPS 0 212653 0 42345 0 966 0 37071 0 12327 0 305362 0 0 J ROBERT CARR JD SHRM-SCP FORMER SVP, MEM. & EXT. AFFAIRS 16444 0 175022 0 615 0 502 0 948 0 193531 0 0 0 PART I, LINE 1A IT IS SHRM'S POLICY TO ALLOW BUSINESS CLASS TRAVEL TO ANY EMPLOYEE OR DIRECTOR FLYING INTERNATIONAL OR FLYING 5 HOURS OR LONGER. ALL BOARD OF DIRECTORS AND THE CEO ARE PERMITTED TO FLY BUSINESS/FIRST CLASS. COMPANION TRAVEL IS PERMITTED FOR BOARD OF DIRECTORS SERVING AS CHAIR OR IMMEDIATE PAST CHAIR. IN 2018, 14 DIRECTORS/OFFICERS AND 3 KEY EMPLOYEES RECEIVED FIRST CLASS/BUSINESS TRAVEL BENEFITS. SHRM ALSO PAID THE PERSONAL TRAINER FEES AND ANNUAL PHYSICAL FEES FOR THE CEO, AS WELL AS THE GROSS UP TAX PAYMENTS FOR THOSE IN 2018. PART I, LINES 4A-B SHRM MAINTAINS AN UNQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EXECUTIVES WHO MEET CERTAIN CRITERIA. THE PLAN IS UNFUNDED AND MAINTAINS NO ASSETS. AS OF DECEMBER 2018, MARY MOHNEY WAS A PARTICIPANT IN THE PLAN. SEVERANCE PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS IN 2018: SERGIO SANCHEZ-ZUFFEREY ($21,346), BETTINA DEYNES ($55,000), ELISSA O'BRIEN ($54,006), MARGO VICKERS ($76,923), TODD M. OOSTERVEEN ($24,464) AND VLADAN DASIC ($108,478). FORM 990, PART III, LINE 2 IN JUNE 2018, CFGI AND SHRM BOARDS OF DIRECTORS APPROVED THE DISSOLUTION OF CFGI AND MERGER OF ITS EMPLOYEES AND ACTIVITIES INTO SHRM, EFFECTIVE SEPTEMBER 30, 2018. FORM 990, PART VI, SECTION A, LINE 4 SHRM AMENDED ITS BYLAWS TO INCLUDE AN ENTERPRISE MEMBER CATEGORY. FORM 990, PART VI, SECTION A, LINE 6 THE BYLAWS OF SHRM PROVIDE FOR 9 CLASSES OF MEMBERSHIP AS FOLLOWS: 1)PROFESSIONAL MEMBERS; 2)GENERAL MEMBERS; 3)ASSOCIATE MEMBERS; 4)LIFE MEMBERS; 5)RETIRED ANNUAL MEMBERS; 6)STUDENT MEMBERS; 7)GLOBAL MEMBERS; 8)SPECIAL EXPERTISE MEMBERS; 9) ENTERPRISE MEMBERS. NO CORPORATE MEMBERSHIPS ARE PERMITTED. THE REQUIREMENTS AND PRIVILEGES OF THE VARIOUS MEMBERSHIP CLASSES ARE SPECIFIED IN ARTICLE II OF SHRM'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS OF OFFICERS AND DIRECTORS ARE CONDUCTED BY MAIL BALLOT IN ACCORDANCE WITH PROVISIONS OUTLINED IN ARTICLE VIII OF SHRM'S BYLAWS. EVERY PROFESSIONAL, GENERAL, SPECIAL EXPERTISE, RETIRED LIFE, PROFESSIONAL LIFE AND PAST CHAIR LIFE MEMBER OF SHRM, IN GOOD STANDING, SHALL BE ENTITLED TO ONE VOTE IN THE ELECTION OF SHRM'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B SHRM'S FEDERAL FORM 990 IS REVIEWED BY THE ACCOUNTING STAFF OF SHRM, INCLUDING THE CONTROLLER AND CFO. SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990 FROM THE INDEPENDENT PUBLIC ACCOUNTING FIRM WHO CONDUCTS THE FINANCIAL STATEMENT AUDIT OF SHRM. ADDITIONALLY, THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FEDERAL FORM 990 TO THE CHAIR OF THE AUDIT COMMITTEE. AFTER THE REVIEW OF THE FORM 990 BY THE CHAIR OF THE AUDIT COMMITTEE, THE FORM IS SENT TO THE FULL BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SHRM BOARD CONFLICT OF INTEREST POLICY PROVIDES THE FOLLOWING PROCEDURES FOR ADDRESSING POTENTIAL CONFLICTS OF INTEREST THAT MAY REQUIRE BOARD OR COMMITTEE ACTION, SUCH AS: 1) THE INTERESTED PERSON MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND SUCH DISCLOSURE MUST BE REFLECTED IN THE MINUTES OF THE MEETING WHERE SUCH MATTER IS BEING REVIEWED; 2) THE INTERESTED PERSON IS PROHIBITED FROM PARTICIPATING IN DISCUSSIONS ABOUT THE MATTER EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS; 3) SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER EITHER AT OR OUTSIDE OF THE MEETING; 4) SUCH PERSON MAY NOT BE PRESENT TO HEAR THE BOARD OR COMMITTEE DISCUSSIONS ON THE MATTER; 5) SUCH INTERESTED PERSON IS PRECLUDED FROM VOTING ON THE MATTER AND SUCH PERSON'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE AT THE MEETING; 6) SUCH PERSON MAY NOT BE PRESENT DURING THE VOTE UNLESS THE VOTE IS BY SECRET BALLOT; AND 7) SUCH PERSON'S INELIGIBILITY TO VOTE SHOULD BE REFLECTED IN THE MINUTES. ADDITIONALLY, THE SHRM EMPLOYEE CODE OF CONDUCT APPLIES TO ALL SHRM EMPLOYEES; AND ALL SHRM EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT AND RETURN AN ACKNOWLEDGEMENT TO THE SHRM HR DEPARTMENT THAT THEY UNDERSTAND AND WILL COMPLY WITH THE CODE OF CONDUCT. SECTION IV(K) OF THE CODE OF CONDUCT SETS FORTH THE CONFLICT OF INTEREST RULES APPLICABLE TO ALL EMPLOYEES. IT IS SHRM'S INTENT TO AVOID IMPROPRIETY IN ALL OF ITS DECISIONS AND ACTIONS. THE CODE OF CONDUCT REQUIRES EMPLOYEES TO AVOID TRANSACTIONS, ACTIVITIES AND RELATIONSHIPS WHICH PLACE THEIR PERSONAL INTERESTS IN CONFLICT WITH SHRM'S; NOT TO USE SHRM ASSETS OR THEIR POSITION AT SHRM FOR PERSONAL USE OR GAIN; NOT TO ACCEPT GIFTS FROM VENDORS UNLESS WITHIN SPECIFIED GIFT GUIDELINES. EMPLOYEES ARE INFORMED THAT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MAY GO BEYOND DEALINGS WITH MEMBERS, CUSTOMERS, VENDORS OR SUPPLIERS. CONFLICTS MAY ALSO INVOLVE DEALINGS WITH MANAGERS, SUBORDINATES OR OTHER STAFF MEMBERS. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, EMPLOYEES UNDER THE POLICY MAY CONSULT WITH THEIR SUPERVISOR, THEIR DEPARTMENT HEAD, SVP OR HUMAN RESOURCES. AT MINIMUM, IF AN EMPLOYEE OR HIS/HER IMMEDIATE FAMILY MEMBER HAVE AN INTEREST IN A VENDOR THE EMPLOYEE IS REQUIRED TO DISCLOSE SUCH CONFLICT OF INTEREST TO THEIR SVP (OR CEO IF THEY ARE A SVP) AND THE EMPLOYEE MUST NOT BE INVOLVED IN THE SELECTION, MANAGEMENT OR OVERSIGHT OF SUCH VENDOR. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS SET BY THE BOARD OF DIRECTORS' COMPENSATION AND ORGANIZATION COMMITTEE. COMPENSATION OF EMPLOYEE OFFICERS AND SENIOR VICE PRESIDENTS ARE RECOMMENDED BY AN INDEPENDENT COMPENSATION CONSULTANT, THROUGH REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE CEO AND/OR CHRO AND APPROVED BY THE COMPENSATION AND ORGANIZATION COMMITTEE. ALL OTHER KEY EMPLOYEE COMPENSATION IS RECOMMENDED THROUGH A REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE CEO AND/OR CHRO. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE RATING. THE SHRM BOARD OF DIRECTORS APPROVES A REASONABLE LEVEL OF HONORARIA FOR ALL BOARD MEMBERS, INCLUDING THE BOARD CHAIR AND IMMEDIATE PAST CHAIR, WHO ARE OFFICERS OF THE CORPORATION. THE SHRM GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS RECOMMENDS THE HONORARIA FOR ALL BOARD MEMBERS, AND THE FULL BOARD THEN APPROVES THE HONORARIA LEVEL. AT THE TIME OF RECOMMENDING AND APPROVING THE HONORARIA AND ITS LEVEL, THE GOVERNANCE COMMITTEE AND BOARD OF DIRECTORS RELY UPON SURVEYS AND AN OPINION OF AN OUTSIDE NATIONALLY RECOGNIZED COMPENSATION EXPERT SUPPORTING THE REASONABLENESS OF THE HONORARIA. THE OHIO NON-PROFIT CORPORATION ACT (CODE SECTION 1702.301), UNDER WHICH SHRM IS INCORPORATED, EXPRESSLY ALLOWS DIRECTORS TO VOTE TO ESTABLISH REASONABLE COMPENSATION FOR THEMSELVES, "IRRESPECTIVE OF ANY FINANCIAL OR PERSONAL INTEREST OF ANY OF THE DIRECTORS." FORM 990, PART VI, SECTION C, LINE 19 SHRM'S ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON SHRM'S ANNUAL REPORT. SHRM'S BYLAWS ARE ALSO AVAILABLE TO THE PUBLIC ON SHRM'S WEBSITE; AND THE ARTICLES OF INCORPORATION ARE AVAILABLE ON THE OHIO SECRETARY OF STATE CORPORATE DIVISION WEBSITE. SHRM WILL CONSIDER MAKING ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PENSION-RELATED CHANGES OTHER THAN NET PERIODIC BENEFIT COSTS 5,182,707. CURRENCY TRANSLATION ADJUSTMENT -115,727. TRANSFER OF CFGI 3,314,943. 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