2019-09-20T15:12:40-05:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 300126510 CENTER FOR AMERICAN PROGRESS CENT 2026821611 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 SHANE BATEMAN SVP, CFO 2026821611 2019-09-20 1 FRANK H SMITH P00639053 2022274000 2019-09-20 47.19.127.190 2019-09-20 15:12:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6B99CC596846389D72FF8F2B1D58952714C72983 2018 2019-02-21 02:37:17Z SHANE BATEMAN 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 44418337 0 X WWW.AMERICANPROGRESS.ORG X 2002 DC NON-PARTISAN RESEARCH AND EDUCATION DEDICATED TO ADVANCING PROGRESSIVE POLICY IDEAS. 9 7 488 10 0 126161 51162013 43221801 405313 162500 76994 674627 150472 306198 51794792 44365126 10224801 7082520 0 0 25999342 26887262 177500 24000 1233867 10364258 9785361 46765901 43779143 5028891 585983 60316120 60527826 5867109 5527332 54449011 55000494 X THE CENTER FOR AMERICAN PROGRESS (CAP) IS AN INDEPENDENT NON-PARTISAN POLICY INSTITUTE THAT IS DEDICATED TO IMPROVING THE LIVES OF ALL AMERICANS, THROUGH BOLD, PROGRESSIVE IDEAS, AS WELL AS STRONG LEADERSHIP AND CONCERTED ACTION. OUR AIM IS NOT JUST TO CHANGE THE CONVERSATION, BUT TO CHANGE THE COUNTRY. 0 0 19099985 786605 127500 POLICY PROGRAMS: PUBLIC POLICY RESEARCH AND ANALYSIS WAS CONDUCTED IN AREAS OF ENERGY AND THE ENVIRONMENT, EDUCATION, HEALTH CARE, IMMIGRATION, OPEN GOVERNMENT, POVERTY, LGBT RIGHTS, AND WOMEN'S RIGHTS. IN ADDITION, THE ECONOMIC POLICY TEAM CONDUCTED PROJECTS RELATING TO MIDDLE CLASS ECONOMICS, TAX FAIRNESS, HOUSING, AND POST-SECONDARY EDUCATION. CAP'S NATIONAL SECURITY TEAM WORKED ON PROJECTS RELATING TO CHINESE AND MIDDLE EASTERN RELATIONS WITH THE U.S. 8231947 4890432 EXTERNAL RELATIONS: THE EXTERNAL RELATIONS DEPARTMENT ENGAGED IN EDUCATION OF THE PUBLIC, POLICYMAKERS, OPINION LEADERS AND ADVOCATES REGARDING PUBLIC POLICY THROUGH A WIDE ARRAY OF DISSEMINATION CHANNELS, INCLUDING FAITH COMMUNITIES, CAMPUS ORGANIZATIONS, PRINT, AND ONLINE MEDIA. 6257919 1405483 COMMUNICATIONS: THE COMMUNICATIONS TEAM EDUCATED THE PUBLIC AND ASSISTED THE WORK OF POLICY TEAMS BY PROVIDING PRESS, COMMUNICATIONS, AND EVENTS SUPPORT. 2525200 EXECUTIVE OFFICE 1532567 ART AND EDITORIAL 890968 35000 GENERATION PROGRESS 4948735 35000 38538586 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 129 0 1 488 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 9 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WA WV WI X SHANE BATEMAN 2027416276 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 X SENATOR TOM DASCHLE CHAIR 1.00 X 0 0 0 STACEY ABRAMS DIRECTOR - AS OF 12/2018 1.00 X 0 0 0 GLENN HUTCHINS DIRECTOR 1.00 X 0 0 0 JONATHAN LAVINE DIRECTOR - UNTIL 11/2018 1.00 X 0 0 0 KRISTIN MUGFORD DIRECTOR - AS OF 11/2018 1.00 X 0 0 0 JOHN PODESTA DIRECTOR AND AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 SUSAN SANDLER DIRECTOR - UNTIL 11/2018 1.00 X 0 0 0 TOM STEYER DIRECTOR 1.00 X 0 0 0 DONALD SUSSMAN DIRECTOR 1.00 X 0 0 0 HANSJORG WYSS DIRECTOR 1.00 X 0 0 0 NEERA TANDEN PRESIDENT 39.00 X X 368326 0 68221 GORDON GRAY TREASURER, COO 39.00 X 230512 0 20247 ALEX DEMOTS SVP, GENERAL COUNSEL AND SECRETARY 32.00 X 157407 0 29900 SHANE BATEMAN SVP, FINANCE AND ADMIN; CFO 31.00 X 156114 0 19918 CYNTHIA W STACHELBERG EVP, EXTERNAL AFFAIRS 38.00 X 222370 0 33182 MARCUS JARSULIC VP, ECONOMIC POLICY 40.00 X 199427 0 17500 BRIAN DEMARCO VP, DEVELOPMENT 40.00 X 196193 0 17773 KELLY MAGSAMEN VP, NATIONAL SECURITY & INTL POLICY 40.00 X 189242 0 17491 JACOB LEIBENLUFT EVP, POLICY 39.00 X 182254 0 17545 1901845 0 241777 67 0 1 0 GBA STRATEGIES 1901 L STREET NW SUITE 300 WASHINGTON DC 20036 PUBLIC OPINION RESEARCH 267000 CATHLEEN KELLY 8 DINE AVENUE TAKOMA PARK MD 20912 CONSULTANT 204365 VANBROWNECOM LTD 22 FORESTERS WALK STAMFORD BRIDGE YORK UK CONSULTANT 183334 AVALERE HEALTH LLC 1350 CONNECTICUT AVE NW WASHINGTON DC 20036 CONSULTANT 120000 3 300477 42921324 1152032 43221801 PROGRAM SERVICE INCOME 900099 162500 162500 162500 674627 674627 5105 5105 35550 300477 53211 -17661 -17661 SUBLEASE INCOME 900099 312829 312829 OFFICE SHARING INCOME 900099 5925 5925 318754 44365126 162500 0 980825 7075381 7075381 7139 7139 1328785 710927 459609 158249 21232754 18388701 2182292 661761 953818 847064 85303 21451 1759129 1532539 178118 48472 1612776 1371737 184270 56769 57121 48525 6516 2080 48348 41098 5544 1706 24000 24000 2497551 2194841 291357 11353 19935 19833 78 24 725111 616072 72427 36612 696137 592954 80730 22453 2552297 2169558 292680 90059 884618 815978 21816 46824 654577 645729 6849 1999 395251 335979 45325 13947 101932 86646 11689 3597 UBI TAX 39035 33181 4476 1378 OTHER EXPENSES 492784 405164 70670 16950 PUBLIC OPINION ANALYSIS 469800 469800 SUBSCRIPTIONS 149864 128740 6941 14183 1000 1000 43779143 38538586 4006690 1233867 6340481 2619868 37752378 42655803 12352064 11063898 409390 166766 9683 3058 568174 249289 9097993 8281945 1314420 816048 298088 297135 1271442 2655961 60316120 60527826 2523609 2938093 3343500 2589239 5867109 5527332 X 32032965 34366170 22416046 20634324 54449011 55000494 60316120 60527826 X 585983 -34500 X 0 1 X 1 0 X 44515120 49778104 40506676 51162013 43221801 229183714 44515120 49778104 40506676 51162013 43221801 229183714 48773234 180410480 560095 351807 462730 360994 992561 2728187 119705 173940 74715 50313 5925 424598 232336499 1004126 0.77650 0.78840 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OFFICE SHARING INCOME - 2014 AMOUNT: $ 62,859. 2015 AMOUNT: $ 28,891. 2016 AMOUNT: $ 74,715. 2017 AMOUNT: $ 50,313. 2018 AMOUNT: $ 5,925. OTHER INCOME - 2014 AMOUNT: $ 56,846. 2015 AMOUNT: $ 145,049. 2016 AMOUNT: $ 0. 2017 AMOUNT: $ 0. 2018 AMOUNT: $ 0. 34158 179610 213768 43555551 43769319 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 77070 94928 328535 213768 714301 250000 250000 250000 250000 1000000 1500000 35212 28522 110354 34158 208246 4132005 3514924 617081 1621125 1500034 121091 3344863 3266987 77876 816048 DEFERRED LEASE OBLIGATIONS 2292104 DEFERRED COMPENSATION OBLIGATION 297135 2589239 X 44418337 53211 53211 44365126 0 44365126 43866854 53211 53211 43813643 -34500 -34500 43779143 PART X, LINE 2: CAP 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 FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 53,211. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 53,211. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON RETURN OF GRANT FUNDS -34,500. EUROPE 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 72662 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 1271 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 1740 SOUTH ASIA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 4496 NORTH AMERICA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 10631 SOUTH AMERICA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 1795 0 0 0 0 0 0 92595 0 92595 1 0 0 0 0 1 PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR THE FOREIGN EXPENDITURES. X X X X X X 1 LISA PRESTA 163 FOREST SIDE AVE SAN FRANCISCO CA 94127 GENERAL FUNDRAISING SERVICES 0 0 24000 24000 24000 24000 AL AK AR CA CO CT FL GA HI IL KS KY ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC UT VT VA WA WV WI DC RECEPTION 336027 300477 35550 53211 336027 300477 35550 53211 53211 -17661 1 CENTER FOR AMERICAN PROGRESS ACTION FUND 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 300192708 501(C)(4) 4533931 PUBLIC EDUCATION & ADVOCACY CENTER ON BUDGET AND POLICY PRIORITIES 820 1ST STREET NE SUITE 150 WASHINGTON DC 20002 521234565 501(C)(3) 613750 SUPPORT CHARITABLE EDUCATION ACTIVITIES CENTER FOR LAW AND SOCIAL POLICY 1015 15TH STREET NW SUITE 400 WASHINGTON DC 20005 237000150 501(C)(3) 613750 SUPPORT CHARITABLE EDUCATION ACTIVITIES GEORGETOWN UNIVERSITY LAW 600 NEW JERSEY AVENUE NW WASHINGTON DC 20001 530196603 501(C)(3) 613750 SUPPORT CHARITABLE EDUCATION ACTIVITIES NATIONAL EMPLOYMENT LAW PROJECT 75 MAIDEN LANE SUITE 601 NEW YORK NY 10038 132758558 501(C)(3) 185000 SUPPORT CHARITABLE EDUCATION ACTIVITIES CENTER FOR EARTH ENERGY AND DEMOCRACY 4511 34TH AVENUE SOUTH MINNEAPOLIS MN 55406 452580349 501(C)(3) 133700 SUPPORT CHARITABLE EDUCATION ACTIVITIES COMMUNITY LEGAL SERVICES 1424 CHESTNUT STREET PHILADELPHIA PA 19102 231671562 501(C)(3) 110000 SUPPORT CHARITABLE EDUCATION ACTIVITIES SAFE AND JUST MICHIGAN 222 W GENESEE STREET LANSING MI 48933 383520445 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATION ACTIVITIES COLORADO CENTER ON LAW AND POLICY 789 SHERMAN STREET DENVER CO 80203 841264154 501(C)(3) 35000 SUPPORT CHARITABLE EDUCATION ACTIVITIES DIRECT ACTION FOR RIGHTS AND EQUALITY 340 LOCKWOOD STREET PROVIDENCE RI 02907 050422763 501(C)(3) 35000 SUPPORT CHARITABLE EDUCATION ACTIVITIES THE COUNCIL OF STATE AND JUSTICE CENTER 1305 SAN ANTONIO STREET AUSTIN TX 78701 366000818 501(C)(3) 30000 SUPPORT CHARITABLE EDUCATION ACTIVITIES NEW VENTURE FUND 1201 CONNECTICUT AVENUE NW WASHINGTON DC 20036 205806345 501(C)(3) 25000 SUPPORT CHARITABLE EDUCATION ACTIVITIES COLORADO CIVIC ENGAGEMENT ROUNDTABLE PO BOX 1620 DENVER CO 80201 020758897 501(C)(3) 18000 SUPPORT CHARITABLE EDUCATION ACTIVITIES NORTH CAROLINIANS AGAINST GUN VIOLENCE PO BOX 51565 DURHAM NC 27717 561897050 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATION ACTIVITIES NC COUNCIL OF CHURCHES 27 HORNE STREET RALEIGH NC 27607 566093440 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATION ACTIVITIES MOM RISING EDUCATION FUND 12011 BELRED ROAD BELLEVUE WA 98005 204448446 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATION ACTIVITIES MAKE IT WORK NEVADA EDUCATION FUND PO BOX 29903 SAN FRANCISCO CA 94129 501(C)(3) 7500 SUPPORT CONVENING 9 TO 5 NATIONAL ASSOCIATION OF WORKING WOMEN 207 E BUFFALO STREET NO 211 MILWAUKEE WI 53202 521201710 501(C)(5) 7500 SUPPORT CHARITABLE EDUCATION ACTIVITIES FAMILY FORWARD OREGON PO BOX 15146 PORTLAND OR 97293 800436735 501(C)(3) 7500 SUPPORT CHARITABLE EDUCATION ACTIVITIES PATHWAYS PA 310 AMOSLAND ROAD HOLMES PA 19043 232001837 501(C)(3) 7500 SUPPORT CHARITABLE EDUCATION ACTIVITIES 18 2 RESEARCH GRANT 1 7139 PART I, LINE 2: CAP REQUIRES GRANTEE ORGANIZATIONS TO REPRESENT, WARRANT AND AGREE: THAT IT WILL USE GRANT FUNDS SOLELY FOR PURPOSES CONSISTENT WITH CAP'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THAT NO PORTION OF GRANT FUNDS WILL BE USED DIRECTLY OR INDIRECTLY TO EXPRESSLY OR IMPLICITLY SUPPORT OR OPPOSE ANY CANDIDATE SEEKING ELECTION TO PUBLIC OFFICE, OR PROVIDE A BENEFIT TO ANY POLITICAL PARTY OR CANDIDATE; THAT IT WILL ALLOW CAP'S STAFF OR REPRESENTATIVES TO CONDUCT EVALUATIONS AND AUDITS OF THE USE OF GRANT FUNDS, WHICH MAY INVOLVE VISITS TO OBSERVE, REVIEW AND DISCUSS ITS OPERATIONS, FINANCIAL RECORDS, AND OTHER MATERIALS CONNECTED WITH THE GRANTEE; AND THAT IT WILL SEND CAP FINAL FINANCIAL AND NARRATIVE REPORTS BY A DATE SPECIFIED IN THE ORIGINAL AWARD LETTER. CAP REQUIRES DONEE ORGANIZATIONS TO PROVIDE NARRATIVE AND FINANCIAL REPORTS THAT: ARE SIGNED BY AN OFFICER OF THE ORGANIZATION; DESCRIBE HOW THE FUNDS WERE SPENT AND WHAT WAS ACCOMPLISHED; AND TO PROVIDE A REASONABLY DETAILED ACCOUNT OF THE ACTIVITIES CONDUCTED BY THE GRANTEE IN PERFORMANCE OF THE AGREED UPON WORK. X X X X 0 0 0 0 0 0 0 0 0 NEERA TANDEN PRESIDENT 368326 0 0 0 0 0 50922 0 17299 0 436547 0 0 0 GORDON GRAY TREASURER, COO 230512 0 0 0 0 0 18421 0 1826 0 250759 0 0 0 ALEX DEMOTS SVP, GENERAL COUNSEL AND SECRETARY 157407 0 0 0 0 0 15505 0 14395 0 187307 0 0 0 SHANE BATEMAN SVP, FINANCE AND ADMIN; CFO 156114 0 0 0 0 0 14405 0 5513 0 176032 0 0 0 CYNTHIA W STACHELBERG EVP, EXTERNAL AFFAIRS 222370 0 0 0 0 0 21888 0 11294 0 255552 0 0 0 MARCUS JARSULIC VP, ECONOMIC POLICY 199427 0 0 0 0 0 15676 0 1824 0 216927 0 0 0 BRIAN DEMARCO VP, DEVELOPMENT 196193 0 0 0 0 0 9805 0 7968 0 213966 0 0 0 KELLY MAGSAMEN VP, NATIONAL SECURITY & INTL POLICY 189242 0 0 0 0 0 9457 0 8034 0 206733 0 0 0 JACOB LEIBENLUFT EVP, POLICY 182254 0 0 0 0 0 10895 0 6650 0 199799 0 0 0 NEERA TANDEN DIRECTOR, PRESIDENT PAYROLL ADVANCE X 9150 2112 0 0 1 ALEX DEMOTS SVP, GENERAL COUNSEL PAYROLL ADVANCE X 4100 946 0 0 1 3058 EMILY SUSSMAN DAUGHTER OF DONALD SUSSMAN, MEMBER 78249 EMILY WAS THE MANAGING DIRECTOR OF CAMPAIGNS AND RECEIVED $66,271 IN COMPENSATION AND $11,978 IN NONTAXABLE BENEFITS UNTIL JUNE 2018. 0 X 3 1152032 FMV 0 0 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 2 GLENN HUTCHINS AND JONATHAN LEVINE ARE BUSINESS PARTNERS. ADDITIONALLY, JOHN PODESTA HAS CONSULTING AGREEMENTS WITH FIDELITY CHARITABLE AND THE SANDLER FOUNDATION. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE DEPARTMENT WORKED DIRECTLY WITH AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990 ON BEHALF OF CAP. THE FINANCE DEPARTMENT MANAGES THE PROCESS, WITH CLOSE COORDINATION WITH THE LEGAL DEPARTMENT. THE ACCOUNTING FIRM PROVIDED A DRAFT FEDERAL FORM 990, WHICH WAS THEN REVIEWED AND COMMENTED ON BY THE FINANCE DEPARTMENT, THE LEGAL DEPARTMENT AND THE CORPORATE OFFICERS. THE UPDATED DRAFT FEDERAL FORM 990 AND SUMMARY MATERIALS WERE THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND CONSIDERATION ON BEHALF OF THE FULL BOARD OF DIRECTORS. THE AUDIT COMMITTEE WAS OFFERED THE OPPORTUNITY TO DISCUSS THE MATERIALS WITH CAP'S STAFF AND THE ACCOUNTING FIRM THAT PREPARED THE FEDERAL FORM 990. THE AUDIT COMMITTEE APPROVED THE DRAFT FEDERAL FORM, AND THE FULL BOARD OF DIRECTORS RECEIVED THE APPROVED VERSION OF THE FORM BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CAP IS COMMITTED TO PREVENTING OUTSIDE FINANCIAL INTERESTS OF ITS BOARD MEMBERS, OFFICERS OR EMPLOYEES FROM INFLUENCING ITS ACTIVITIES. TO THAT END, IT HAS ADOPTED AND ENFORCES POLICIES TO PREVENT CONFLICTS OF INTEREST AND THE APPEARANCE OF CONFLICTS OF INTEREST, INCLUDING SEPARATE POLICIES GOVERNING (1) OFFICERS, DIRECTORS, AND KEY EMPLOYEES; AND (2) ALL EMPLOYEES. COMPLIANCE WITH POLICIES GOVERNING OFFICERS, DIRECTORS AND KEY EMPLOYEES. OFFICERS, DIRECTORS AND KEY EMPLOYEES (IF ANY) RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY, AND ARE ASKED TO REVIEW THE POLICY AND SIGN AN ACKNOWLEDGEMENT AFFIRMING RECEIPT, REVIEW AND AGREEMENT TO COMPLY WITH THE POLICY, AS WELL AS UNDERSTANDING THAT CAP IS A CHARITABLE ORGANIZATION. IN ADDITION, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ASKED TO COMPLETE AN ANNUAL INDEPENDENCE QUESTIONNAIRE, WHICH SEEKS DISCLOSURE OF CERTAIN RELATIONSHIPS, ARRANGEMENTS AND TRANSACTIONS IN ORDER TO DETERMINE INDEPENDENCE AND THE EXISTENCE OF CONFLICTS OF INTEREST. THESE POLICIES DESCRIBE POTENTIAL CONFLICTS, PROVIDE MEANS FOR DISCLOSURE, AND PROVIDE PROCESSES FOR INVESTIGATING AND RESOLVING POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF CAP THAT THE PRESIDENT SUBMITS HIS OR HER RECOMMENDATIONS FOR COMPENSATION OF NEWLY HIRED SENIOR MANAGERS AT CAP TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL WHEN, AMONG OTHER THINGS, THE RECOMMENDED SALARY EQUALS OR EXCEEDS AN INFLATION ADJUSTED THRESHOLD. FOR FELLOWS, THE BOARD OF DIRECTORS APPROVES A RANGE OF COMPENSATION, ADJUSTED ANNUALLY FOR INFLATION. SALARIES FOR HALF-TIME AND FULL-TIME FELLOWS AND FOR OTHER EMPLOYEES ARE PROPORTIONAL TO THIS PAY SCALE. THE PRESIDENT SUBMITS RECOMMENDATIONS FOR ANY FELLOW TO BE COMPENSATED OUTSIDE OF THIS RANGE. TO AVOID PAYING EXCESSIVE COMPENSATION TO EMPLOYEES, IT IS THE POLICY OF CAP THAT THE PRESIDENT SUBMITS HIS OR HER RECOMMENDATIONS FOR COMPENSATION OF NEWLY HIRED SENIOR EMPLOYEES AT CAP TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL WHEN, AMONG OTHER THINGS, THE RECOMMENDED SALARY EQUALS OR EXCEEDS $150,000. THE RECOMMENDATION INCLUDES A JOB DESCRIPTION, INFORMATION ABOUT THE QUALIFICATIONS OF THE CANDIDATE, AND INFORMATION ABOUT WHAT COMPARABLE ORGANIZATIONS ARE PAYING FOR SIMILAR SERVICES. THE COMPENSATION COMMITTEE WILL CONSIDER AND MAY APPROVE THESE RECOMMENDATIONS. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION WITH A CONTEMPORANEOUS RECORD THAT IS KEPT IN THE CORPORATION'S BOOKS AND RECORDS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS; ONLY MEMBERS WITHOUT A CONFLICT OF INTEREST VOTE FOR EACH RECOMMENDATION. ONCE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, THE PRESIDENT IS AUTHORIZED TO ADJUST THE SALARY LEVELS OF CERTAIN HIGHLY COMPENSATED EMPLOYEES AND FELLOWS WITHOUT APPROVAL BY THE COMPENSATION COMMITTEE WHEN (1) THE RELEVANT SUPERVISOR HAS COMPLETED AN EVALUATION OF THE EMPLOYEE'S OR FELLOW'S WORK AND IT WAS DETERMINED THAT HIS OR HER WORK "MET OR EXCEEDED EXPECTATIONS" FOR THAT POSITION; (2) THE PRESIDENT HAS REVIEWED RECENT DATA AS TO WHAT COMPARABLE ORGANIZATIONS ARE PAYING FOR SIMILAR SERVICES AND DETERMINED THAT THE ADJUSTED SALARY WOULD BE REASONABLE AND APPROPRIATE; (3) THE PRESIDENT HAS DETERMINED THAT THE ADJUSTMENT WOULD BE COMMENSURATE WITH OTHER HIGHLY COMPENSATED EMPLOYEES OR FELLOWS WITH SIMILAR RESPONSIBILITIES, AUTHORITY, AND PERFORMANCE WITHIN CAP; AND (4) THE SALARY INCREASE IS NOT MORE THAN 20% OF THE SENIOR STAFF OR FELLOW'S PER ANNUM SALARY, AND THAT THE TOTAL INCREASES OVER THREE YEARS NOT EXCEED 35%. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS; ONLY MEMBERS WITHOUT A CONFLICT OF INTEREST VOTE FOR EACH RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 CAP MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CAP'S GOVERNING DOCUMENTS ARE INCLUDED IN ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3). CHANGES TO ITS GOVERNING DOCUMENTS ARE FILED WITH ITS ANNUAL FEDERAL FORM 990. BOTH FORMS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CAP'S ANNUAL FEDERAL FORM 990 IS ALSO MADE AVAILABLE TO THE PUBLIC BY WAY OF THE ONLINE INFORMATION SERVICE, GUIDESTAR.ORG, AS WELL AS BY SOME OF THE STATES WHERE THE FEDERAL FORM 990 IS A REQUIRED SUBMISSION FOR REGISTRATION. CAP'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR.ORG AND UPON REQUEST. FORM 990, PART VII, SECTION A: THE CENTER FOR AMERICAN PROGRESS OPERATES UNDER A COST SHARING AGREEMENT WITH THE CENTER FOR AMERICAN PROGRESS ACTION FUND (CAPAF), APPROVED BY THE BOARD OF DIRECTORS OF EACH ORGANIZATION, UNDER WHICH CAP EMPLOYS BOTH ORGANIZATIONS' STAFF MEMBERS AND PAYS FOR GENERAL AND ADMINISTRATIVE EXPENSES. CAPAF REIMBURSES CAP FOR ITS SHARE OF THESE EXPENSES. FORM 990, PART XI, LINE 9: LOSS ON RETURN OF GRANT FUNDS -34,500.