2019-08-13T11:52:02-05:00 2018-09-30 420714325 RSM US LLP 4 TIMES SQUARE 151 WEST 42ND STREET NEW YORK NY 10036 990 2017-10-01 237270753 AMERICAN ASSOCIATES BEN-GURION UNIVERSITY OF THE NEGEV INC AMER 2126877721 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 DOUG SESERMAN CEO 2126877721 2019-08-13 1 TAMAR PLOTZKER P02047230 2123721000 66.98.98.129 2019-08-13 07:02:54 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1101CBF66FFAA2599057FE7F4407BFB8CB39BD08 2017 2019-02-21 02:37:17Z TONI YOUNG 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 110673484 0 X WWW.AABGU.ORG X 1973 NY AABGU PLAYS A VITAL ROLE IN CREATING A WORLD CLASS UNIVERSITY IN THE ISRAELI DESERT. 76 75 61 101 25031 42241 295123562 30446239 0 0 15478522 21944939 -72476 -45188 310529608 52345990 37898395 45654802 0 0 5778744 6467386 30000 30000 5479052 4085129 4895306 47792268 57047494 262737340 -4701504 735668070 759382859 34796474 40706354 700871596 718676505 AABGU PLAYS A VITAL ROLE IN SUSTAINING DAVID BEN GURION'S VISION, CREATING A WORLD CLASS INSTITUTION OF EDUCATION AND RESEARCH IN THE ISRAELI DESERT, NURTURING THE NEGEV COMMUNITY AND SHARING THE UNIVERSITY'S EXPERTISE LOCALLY AND AROUND THE GLOBE. 0 0 45600148 45600148 BGU SUPPORT: AABGU RAISES AWARENESS AND FUNDS FOR BEN-GURION UNIVERSITY. SUPPORT INCLUDES, BUT IS NOT LIMITED TO, GRANTS FOR ONGOING SUPPORT (E.G. SCHOLARSHIPS/FELLOWSHIPS, STUDENT PROGRAMS, IDF SOLDIER ASSISTANCE), RESEARCH (E.G. WATER/ENVIRONMENT, CYBER, ROBOTICS/ARTIFICIAL INTELLIGENCE, MEDICAL BREAKTHROUGHS), CAPITAL (E.G. DORMITORIES, RESEARCH LABS, CLASSROOM BUILDINGS, CONFERENCE FACILITIES), AND OUTREACH ACTIVITIES TO SUPPORT THE DEVELOPMENT OF ISRAEL'S NEGEV REGION (E.G. VOLUNTEER AND SOCIAL ACTION, BEDOUIN SUPPORT, LOCAL TEENAGER UPLIFT). 287064 54654 OSP (OVERSEAS STUDENT PROGRAM): THE AABGU OVERSEAS STUDENT PROGRAM RECRUITS STUDENTS FROM THE U.S. TO STUDY ABROAD AT BEN-GURION UNIVERSITY IN ISRAEL. 406244 ZIN FELLOWS LEADERSHIP PROGRAM: THE AABGU ZIN FELLOWS PROGRAM IS AN INSPIRING AND TRANSFORMATIVE OPPORTUNITY FOR 20 OUTSTANDING INDIVIDUALS IN THEIR 30S-50S. THE EIGHTEEN MONTH PROGRAM CONSISTS OF TWO IN-PERSON GATHERINGS IN THE UNITED STATES FOLLOWED BY AN IMMERSIVE ISRAEL EXPERIENCE. ZIN FELLOWS REPRESENT THE BEST OF THE BEST IN TERMS OF THE NEXT GENERATION. THEY ARE CURRENT AND FUTURE AMERICAN COMMUNITY LEADERS WHO ARE INTERESTED IN UNDERSTANDING THE UNIQUE ROLE BGU PLAYS IN THE DEVELOPMENT OF THE NEGEV AND THE FUTURE OF ISRAEL. 46293456 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 43 0 1 61 1 1 1 0 0 0 0 1 1 0 0 0 0 X 76 75 1 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 1 0 0 AK AL AR AZ CA CO CT DE FL GA HI IN KS KY LA MA MD ME MI MS MN NV ND NE NJ NM NY OH OK OR PA RI SC TN VA VT WA WI WV X X SHAWN CONSIDINE 6464523694 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 X ZVI ALON BOARD MEMBER 1.00 X 0 0 0 ROBERT ARNOW BOARD MEMBER 1.00 X 0 0 0 JOSHUA ARNOW BOARD MEMBER 1.00 X 0 0 0 TRACY BELL BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 ARNOLD BENGIS BOARD MEMBER 1.00 X 0 0 0 DAVA BERKMAN BOARD MEMBER 1.00 X 0 0 0 JACK BERSHAD BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 DAVID BRESLAUER BOARD MEMBER 1.00 X 0 0 0 JAMES BRESLAUER BOARD MEMBER 1.00 X 0 0 0 SYLVIA BRODSKY BOARD MEMBER 1.00 X 0 0 0 RIVA COLLINS BOARD MEMBER 1.00 X 0 0 0 ROBERT COLTON BOARD MEMBER 1.00 X 0 0 0 NEIL DAVIDOWITZ BOARD MEMBER 1.00 X 0 0 0 JACOB DAYAN VICE PRESIDENT 1.00 X X 0 0 0 GARY DEBODE BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 MARCI DOLLINGER BOARD MEMBER 1.00 X 0 0 0 LEONARD EPSTEIN BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 ROCHELLE ETINGIN BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 ANTHONY FELZEN BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 STEVEN FINKELMAN BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 STEWARD FLINK BOARD MEMBER (THRU 5/1/18) 1.00 X 0 0 0 DEBBIE FOX BOARD MEMBER 1.00 X 0 0 0 DODI FROMSON BOARD MEMBER 1.00 X 0 0 0 LIS GAINES BOARD MEMBER 1.00 X 0 0 0 STANLEY GINSBURG BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 LLOYD GOLDMAN BOARD MEMBER 1.00 X 0 0 0 ALEXANDER GOREN BOARD MEMBER 1.00 X 0 0 0 ANDREA GOREN BOARD MEMBER 1.00 X 0 0 0 CRAIG GRANOWITZ BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 ELIZABETH GRZEBINSKI BOARD MEMBER 1.00 X 0 0 0 JANE GURAL-SENDERS BOARD MEMBER 1.00 X 0 0 0 WILLIAM HANDY BOARD MEMBER 1.00 X 0 0 0 ARTHUR HESSEL BOARD MEMBER 1.00 X 0 0 0 IRA A INGERMAN TREASURER 3.00 X X 0 0 0 MARVIN ISRAELOW BOARD MEMBER 1.00 X 0 0 0 WILLIAM JOEL BOARD MEMBER 1.00 X 0 0 0 EDWARD KAPLAN BOARD MEMBER 1.00 X 0 0 0 LEON KAPLAN BOARD MEMBER 1.00 X 0 0 0 CONNIE KATZ BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 BARRY KAYNE BOARD MEMBER 1.00 X 0 0 0 CAROL KIMMEL BOARD MEMBER 1.00 X 0 0 0 DOUGLAS KRUPP BOARD MEMBER 1.00 X 0 0 0 JEFF KUPFER BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 DONNA LAM SECRETARY 1.00 X X 0 0 0 MARIBETH LERNER BOARD MEMBER 1.00 X 0 0 0 MICHELE LEVIN BOARD MEMBER 1.00 X 0 0 0 NAT LEVY BOARD MEMBER 1.00 X 0 0 0 JAN ABBY LIFF BOARD MEMBER 1.00 X 0 0 0 SHELDON LONDON BOARD MEMBER 1.00 X 0 0 0 ELLEN MARCUS VICE PRESIDENT 1.00 X X 0 0 0 JILL MAX BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 JOANNE MOORE VICE PRESIDENT 1.00 X X 0 0 0 HOLLY NELSON BOARD MEMBER 1.00 X 0 0 0 ALAN NEWMAN BOARD MEMBER 1.00 X 0 0 0 MARJORIE OFFER BOARD MEMBER 1.00 X 0 0 0 JEFF POLAK BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 JOEL REINSTEIN VICE PRESIDENT 1.00 X X 0 0 0 STEVE ROGERS BOARD MEMBER (FROM 10/17/17) 1.00 X 0 0 0 GABRIEL RUBANENKO BOARD MEMBER 1.00 X 0 0 0 CAROL SAAL BOARD MEMBER 1.00 X 0 0 0 LITE SABIN BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 JONATHAN SACK BOARD MEMBER 1.00 X 0 0 0 SHERRIE SAVETT BOARD MEMBER 1.00 X 0 0 0 MAX SCHECHNER BOARD MEMBER 1.00 X 0 0 0 ERNEST SCHELLER VICE PRESIDENT 1.00 X X 0 0 0 JAYNIE SCHULTZ BOARD MEMBER 1.00 X 0 0 0 JOEL SHALOWITZ BOARD MEMBER 1.00 X 0 0 0 BRUCE SHOLK BOARD MEMBER 1.00 X 0 0 0 FREDERICK SIEGMUND BOARD MEMBER & ASSISTANT SECRETARY 1.00 X X 5845 0 0 JESSICA SILLINS VICE PRESIDENT 1.00 X X 0 0 0 CRAIG SIMON BOARD MEMBER 1.00 X 0 0 0 LINDA SIMON BOARD MEMBER 1.00 X 0 0 0 HARRIET SOFFA BOARD MEMBER (THRU 10/17/17) 1.00 X 0 0 0 KATHLEEN SPITZER BOARD MEMBER 1.00 X 0 0 0 ROBIN TOUBIN STEIN BOARD MEMBER 1.00 X 0 0 0 ILANA SUBAR BOARD MEMBER 1.00 X 0 0 0 CHARLES TEMEL BOARD MEMBER 1.00 X 0 0 0 IRA WAGNER BOARD MEMBER 1.00 X 0 0 0 MARTIN WEINBERG BOARD MEMBER 1.00 X 0 0 0 WAYNE WOODMAN BOARD MEMBER 1.00 X 0 0 0 TONI YOUNG PRESIDENT 5.00 X X 0 0 0 MICHAEL ZEIGER BOARD MEMBER 1.00 X 0 0 0 ROBERT ZIPKIN BOARD MEMBER 1.00 X 0 0 0 ROY ZUCKERBERG BOARD MEMBER 1.00 X 0 0 0 DOUGLAS SESERMAN FROM 10117 CHIEF EXECUTIVE OFFICER 40.00 X 258710 0 587 AMOS DRORY INTERIM CEO (5/9/17 - 8/15/17) 40.00 X 115093 0 0 JULIA NELSON THRU 110218 CHIEF FINANCIAL & ADMIN. OFFICER 40.00 X 222993 0 19123 PHILIP S GOMPERTS REGIONAL DIRECTOR 40.00 X 285532 0 46835 RONNI MORDECHAI-STRONGIN CHIEF MARKETING OFFICER 40.00 X 155601 0 48993 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 40.00 X 253523 0 59503 CLAIRE WINICK REGIONAL DIRECTOR 40.00 X 180652 0 36227 ANDREW HOFFER ASSOCIATE DIRECTOR 40.00 X 197213 0 40093 DIANE ROMIROWSKY MAJOR GIFTS DIRECTOR (THRU 10/27/17) 40.00 X 162505 0 17958 DORON KRAKOW FORMER EXECUTIVE V.P. 40.00 X 210196 0 531 2047863 0 269850 18 1 1 0 AB DATA LTD 600 AB DATA DRIVE MILWAUKEE WI 53217 DIRECT MAIL 205189 PROSPECTIVE CORP 8 HAVEN AVE221 PORT WASHINGTON NY 11050 PUBLIC RELATIONS 104612 RSM US LLP 151 W 42ND STREET 19TH FLOOR NEW YORK NY 10036 ACCOUNTING/TAX 101516 3 64950 30381289 12033692 30446239 10102313 25031 10077282 70069132 58226506 11842626 11842626 11842626 55800 64950 100988 -45188 -45188 52345990 0 25031 21874720 54654 54654 45600148 45600148 1432712 170116 765601 496995 3891507 209354 1047405 2634748 237183 17775 79069 140339 603867 30289 164937 408641 302117 20834 100925 180358 171792 171792 139998 139998 30000 30000 719010 6145 712865 278180 274710 3470 888431 2894 12315 873222 332500 17210 220986 94304 101774 17906 74982 8886 662276 374033 288243 301878 65171 94064 142643 375016 80960 116853 177203 59452 59452 89607 89607 BAD DEBT 775392 775392 57047494 46293456 5274986 5479052 138890 130852 6526348 4725203 305249650 30894015 218511 419692 899058 666546 291964 232512 84320550 306596346 334984899 411346027 3937258 5038212 735668070 759382859 602723 973109 34193751 39733245 34796474 40706354 X 16247706 51519045 85479147 85178393 599144743 581979067 700871596 718676505 735668070 759382859 X -4701504 22826064 -319651 X 0 1 X 1 0 X 37840966 43453517 38518782 29371022 21047359 170231646 37840966 43453517 38518782 29371022 21047359 170231646 14460670 155770976 10341070 1519551 6582595 14777812 10077282 43298310 25031 25031 113034 61250 80295 77768 55800 388147 213943134 0.72810 0.72900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT GROSS INCOME MISC INCOME 999106 432552 X 0 383330771 250022998 39247653 24875036 451032 647275354 306485960 60000333 30471112 13233764 392870 383330771 163754207 131068091 16603147 4843763 95722 306485960 169734809 5405725 -3531229 7770001 85097 163754207 156542451 13764926 11584887 12075878 81577 169734809 0.89100 0.10900 1 0 552857 332408 220449 249607 239075 10532 96594 95063 1531 232512 U.S. TREASURIES AND OTHER BONDS 69313284 F INVESTMENT FUNDS 197324029 C INVESTMENTS HELD IN ISRAEL 144708714 F 411346027 DUE TO BEN-GURION UNIVERSITY 22731068 OTHER LIABILITIES 167010 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 16465680 DEFERRED LEASE OBLIGATIONS AND INCENTIVE 369487 39733245 X 74133393 22826064 -319651 22506413 51626980 719010 719010 52345990 56328484 0 56328484 719010 719010 57047494 PART III, LINE 4: COLLECTION OF SEVERAL THOUSAND BOOKS AND OTHER PUBLICATIONS ON HERPETOLOGY DONATED MANY YEARS AGO TO AABGU; THEY ARE ON LONG TERM LOAN AT NO CHARGE TO BEN-GURION UNIVERSITY, AND THE BOOK VALUE IS $999,106. AN ART DEALER DONATED OVER 100 PAINTINGS VALUED AT $509,540 IN 2008. SINCE THEN AABGU HAS BEEN SELLING THESE PAINTINGS. THE BOOK VALUE OF UNSOLD PAINTINGS IS $432,552. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS FOR STUDENTS AT BEN-GURION UNIVERSITY; TO SUPPORT RESEARCH IN A VARIETY OF ACADEMIC FIELDS AT BEN-GURION UNIVERSITY; TO SUPPORT THE MEDICAL SCHOOL, BUSINESS SCHOOL, DESERT STUDIES PROGRAMS AND OTHER POST GRADUATE PROGRAMS AT BEN-GURION UNIVERSITY. PART X, LINE 2: AABGU QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE IRC), AND IS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE IRC. AABGU IS NOT CLASSIFIED AS A PRIVATE FOUNDATION, AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT), IF APPLICABLE. FOR THE YEARS ENDED SEPTEMBER 30, 2018 AND 2017, AABGU DID NOT OWE ANY UBIT. MANAGEMENT HAS EVALUATED AABGU'S TAX POSITIONS AND CONCLUDED THAT AABGU HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, AABGU IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2015, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 156,729. CPI ADJUSTMENT -476,380. FORM 990, SCHEDULE D, PART V, LINE 3A ENDOWMENTS HELD IN ISRAEL ARE EITHER TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED GIFTS THAT HAVE BEEN TRANSMITTED TO BEN-GURION UNIVERSITY OF THE NEGEV ("BGU"), AND ARE MAINTAINED BY BGU ON BEHALF OF AABGU. EXCEPT FOR CERTAIN ENDOWMENT FUNDS WHICH REQUIRE THAT A PORTION OF THE EARNINGS BE REINVESTED IN THE ENDOWMENT FUND, ALL EARNINGS ON THE ENDOWMENTS MAINTAINED BY BGU ON BEHALF OF AABGU, AT THE DIRECTION OF AABGU, FOR SCHOLARSHIPS AND OTHER PROJECTS OF BGU. 1 MIDDLE EAST AND NORTH AFRICA INVESTMENTS 144708714 CENTRAL AMERICA AND THE CARIBBEAN INVESTMENTS 68246686 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PAYMENTS TO VENDORS IN ISRAEL FOR ACCOUNTING SERVICES TO AUDIT GRANTS, STAFF TRAVEL TO ISRAEL/MEETINGS/RETREAT, MISSIONS FOR DONORS AND BOARD MEETING, INCLUDING MEDIA, CYBER AND ZIN FELLOW MISSION, AND BOARD OF GOV. MEETING. 311199 MIDDLE EAST AND NORTH AFRICA GRANTS TO RECIPIENTS LOCATED IN THE REGION 45600148 0 0 0 0 0 0 258866747 0 258866747 MIDDLE EAST AND NORTH AFRICA CAPITAL PROJECTS 20304025 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC RESEARCH 9768311 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA UNIVERSITY OPERATIONS 5529514 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC CHAIRS 2975465 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA DESERT STUDIES 2069137 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA SCHOLARSHIPS 1927160 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA COMMUNITY OUTREACH 1749763 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA MEDICAL SCHOOL AND HEALTH SERVICES 1268213 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC PRIZES 5880 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA LIBRARY SUPPORT 2680 WIRE TRANSFER 1 1 0 1 1 1 0 PART I, LINE 2: AABGU RETAINS AN ACCOUNTING FIRM IN ISRAEL TO PERFORM AGREED UPON PROCEDURES OF THE UTILIZATION OF FUNDS GRANTED TO BEN-GURION UNIVERSITY (BGU). THIS ACCOUNTING FIRM ANNUALLY RECONCILES ALL GRANTS BETWEEN AABGU AND BGU, PERFORMS TESTING TO VERIFY GRANTED FUNDS ARE APPLIED PROPERLY TO DONORS' RESTRICTIONS OR INTENDED GIFT PURPOSE. BIANNUALLY, AABGU IS PROVIDED A FULL REPORT WITH THE RESULTS OF THE RECONCILIATION AND TESTING PROCEDURES. IN ADDITION, FOR MAJOR GRANTS, AABGU REQUESTS ANNUAL REPORTS FROM BGU ON HOW FUNDS WERE USED THAT YEAR. IN CERTAIN CASES, AABGU FORMS OVERSIGHT COMMITTEES, COMPOSED OF MEMBERS OF ITS BOARD, TO OVERSEE THE PROGRESS OF SELECTED PROJECTS FUNDED BY AABGU GRANTS. X X X X X 1 AB DATA LTD 600 AB DATA DRIVE MILWAUKEE WI 53217 DIRECT MAIL SOLICITATIONS 1 249924 30000 219924 249924 30000 219924 AL AK AZ AR CA CO CT DE FL GA HI IN KS KY LA ME MD MA MI MN MS NE NV NJ NM NY ND OH OK OR PA RI SC TN VT VA WA WV WI MA DINNER 45750 27450 18300 1033 2050 21252 841 23873 TX DINNER 75000 37500 37500 1113 3920 33980 1564 11362 0 120750 64950 55800 2146 5970 55232 2405 35235 100988 -45188 1 SCHOLARSHIPS 14 54654 FMV TUITION REMISSION CREDITED TO STUDENTS' ACCOUNTS PART I, LINE 2: AABGU HAS A PROCEDURE WHERE STUDENTS HAVE TO APPLY FOR SCHOLARSHIPS. AABGU STAFF REVIEW THE APPLICATIONS AND MAKE RECOMMENDATIONS. THE RECOMMENDATIONS ARE REVIEWED BY A COMMITTEE AND SCHOLARSHIPS ARE AWARDED. IN MOST CASES THE SCHOLARSHIP AWARDS ARE NOT GIVEN DIRECTLY TO THE STUDENTS, THE CASH IS SENT TO A BANK ACCOUNT BGU MAINTAINS IN THE U.S. WITH A NOTE TO BGU EXPLAINING WHAT AMOUNTS HAVE BEEN AWARDED TO WHICH STUDENTS. IN MOST CASES, FULL SCHOLARSHIPS ARE NOT AWARDED, ONLY PARTIAL SCHOLARSHIPS. AABGU MAKES SURE THAT STUDENTS HAVE IN FACT ENROLLED IN THE PROGRAM AND PAID THEIR SHARE OF TUITION BEFORE SCHOLARSHIPS ARE AWARDED. IN A FEW CASES SCHOLARSHIP MONIES ARE DISBURSED DIRECTLY TO THE STUDENTS. X X 1 1 X X X X 0 1 0 0 0 0 0 1 0 DOUGLAS SESERMAN FROM 10117 CHIEF EXECUTIVE OFFICER 149710 0 100000 0 9000 0 0 0 587 0 259297 0 0 0 JULIA NELSON THRU 110218 CHIEF FINANCIAL & ADMIN. OFFICER 216967 0 5313 0 713 0 8639 0 10484 0 242116 0 0 0 PHILIP S GOMPERTS REGIONAL DIRECTOR 283307 0 0 0 2225 0 25875 0 20960 0 332367 0 0 0 RONNI MORDECHAI-STRONGIN CHIEF MARKETING OFFICER 155137 0 0 0 464 0 16009 0 32984 0 204594 0 0 0 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 253361 0 0 0 162 0 25484 0 34019 0 313026 0 0 0 CLAIRE WINICK REGIONAL DIRECTOR 178427 0 0 0 2225 0 17470 0 18757 0 216879 0 0 0 ANDREW HOFFER ASSOCIATE DIRECTOR 196965 0 0 0 248 0 9878 0 30215 0 237306 0 0 0 DIANE ROMIROWSKY MAJOR GIFTS DIRECTOR (THRU 10/27/17) 161911 0 0 0 594 0 8290 0 9668 0 180463 0 0 0 DORON KRAKOW FORMER EXECUTIVE V.P. 110134 0 100000 0 62 0 0 0 531 0 210727 0 0 0 PART I, LINE 1A PER THE CEO'S EMPLOYMENT AGREEMENT, HE IS ENTITLED TO A MONTHLY HOUSING ALLOWANCE. THE AMOUNT PAID DURING 2017 IS INCLUDED IN COLUMN B(III) AND REPORTED ON HIS W2. IN ADDITION, PER THE EMPLOYMENT AGREEMENT, THE ORGANIZATION WILL PAY FOR THE CEO'S SPOUSE TO ACCOMPANY HIM ON ONE INTERNATIONAL TRIP PER YEAR. PART I, LINE 4B THE FOLLOWING EMPLOYEE PARTICIPATED IN A NON-QUALIFIED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN (SERP), WHICH WAS ESTABLISHED UNDER SECTION 457(F) OF THE IRC.: DOUGLAS SESERMAN - CEO THE ORGANIZATION ESTABLISHED THE SERP FOR THE CEO, EFFECTIVE OCTOBER 1, 2017. AN ANNUAL CONTRIBUTION (PRO-RATED FOR PARTIAL YEARS OF EMPLOYMENT), WILL BE CREDITED TO AN INTEREST BEARING ACCOUNT PURSUANT TO THE TERMS OF A DEFERRED COMPENSATION TRUST ESTABLISHED WITH A FINANCIAL INSTITUTION SELECTED BY THE UNIVERSITY. ALL AMOUNTS HELD IN THE ACCOUNT WILL BE PAID TO THE CEO WITHIN THIRTY DAYS FOLLOWING THE EARLIER OF THE OCCURRENCE OF A QUALIFYING EVENT OR THE FIFTH ANNIVERSARY OF THE COMMENCEMENT DATE. ADDITIONALLY, THE ORGANIZATION ESTABLISHED A RETENTION PLAN FOR THE CEO, EFFECTIVE OCTOBER 1, 2017. AN ANNUAL CONTRIBUTION (PRO-RATED FOR PARTIAL YEARS OF EMPLOYMENT), WILL BE CREDITED TO AN INTEREST BEARING ACCOUNT PURSUANT TO THE TERMS OF A DEFERRED COMPENSATION TRUST ESTABLISHED WITH A FINANCIAL INSTITUTION SELECTED BY THE UNIVERSITY. ALL AMOUNTS HELD IN THE ACCOUNT WILL BE PAID TO THE EXECUTIVE WITHIN THIRTY DAYS FOLLOWING THE TENTH ANNIVERSARY OF THE COMMENCEMENT DATE, PROVIDED THE IF THE EXECUTIVE INCURS A SEPARATION FROM SERVICE FROM THE UNIVERSITY FOR ANY REASON PRIOR TO THE TENTH ANNIVERSARY OF THE COMMENCEMENT DATE, THE EXECUTIVE WILL FORFEIT ALL RIGHT TO RECEIVE THE AMOUNTS CREDITED TO HIS ACCOUNT UNDER THE RETENTION PLAN EFFECTIVE ON THE DATE THAT THE SEPARATION FROM SERVICE OCCURS. NO AMOUNTS ATTRIBUTABLE TO THE DEFERRED COMPENSATION PLANS, FOR THE CALENDAR YEAR ENDED 12/31/2017 PERIOD, WERE PAID TO THE CEO. PART I, LINE 7 AABGU INCLUDES A MERIT POOL IN ITS ANNUAL BUDGET. IN CALENDAR 2017, THE FORMER EXECUTIVE V.P. AND THE CF&AO RECEIVED PERFORMANCE BASED BONUSES. IN ADDITION, THE CEO RECEIVED A ONE-TIME SIGNING BONUS. AMOUNTS ARE SHOWN BELOW. DOUGLAS SESERMAN - $100,000 DORON KRAKOW - $100,000 JULIA NELSON - $5,313 X 65 11053192 FMV X 1 980500 FMV 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS SHOWN ABOVE REPRESENTS THE TOTAL NUMBER OF DONORS OF NON-CASH GIFTS DURING THE YEAR. PART I, LINE 32B: A DONOR GAVE AABGU NEARLY A HUNDRED PAINTINGS WHICH HAVE BEEN CONSIGNED TO AN ART DEALER TO SELL OVER TIME AS MARKET CONDITIONS PERMIT. FORM 990, PART VI, SECTION A, LINE 2 1. ROBERT ARNOW AND JOSHUA ARNOW, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 2. JAMES BRESLAUER AND DAVID BRESLAUER, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 3. ALEXANDER GOREN AND ANDREA GOREN, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 4. ERNEST SCHELLER AND WAYNE WOODMAN, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 5. CRAIG SIMON AND LINDA SIMON, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 10B AABGU HAS REGIONAL ADVISORY BOARDS IN SOME PARTS OF THE COUNTRY WHERE IT HAS SIGNIFICANT NUMBERS OF SUPPORTERS. THE COMPLIANCE OF REGIONAL ADVISORY BOARDS WITH POLICIES AND PROCEDURES OF THE NATIONAL ORGANIZATION IS ASSURED IN TWO WAYS: 1. REGIONAL ADVISORY BOARDS ARE GUIDED BY AABGU'S PROFESSIONAL DEVELOPMENT STAFF. 2. REGIONAL ADVISORY BOARDS INCLUDE ONE OR MORE MEMBERS OF AABGU'S NATIONAL BOARD (WHICH IS AABGU'S GOVERNING BODY). FORM 990, PART VI, SECTION B, LINE 11B THE REVIEW PROCESS FOR AABGU'S DRAFT 990 (BEFORE FILING) IS THAT THE BOARD'S AUDIT COMMITTEE REVIEWS THE DOCUMENT IN ITS ENTIRETY, AND THE 990 IS NOT FILED UNTIL THE AUDIT COMMITTEE IS SATISFIED THAT IT IS IN ORDER. AFTER THE AUDIT COMMITTEE REVIEWS THE DRAFT 990, IT IS POSTED TO THE BOARD OF DIRECTORS SECTION OF THE AABGU WEBSITE, AND BOARD MEMBERS ARE NOTIFIED IN ADVANCE BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C PROCEDURES RELATED TO AABGU'S CONFLICT OF INTEREST POLICY ARE AS FOLLOWS: 1. PRIOR TO THE BOARD'S ANNUAL MEETING, CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. 2. COMPLETED FORMS ARE COLLECTED AT THE ANNUAL MEETING. 3. THE PROFESSIONAL STAFF FOLLOWS UP WITH ANY BOARD MEMBER AND OFFICERS AT THE ANNUAL MEETING TO OBTAIN A COMPLETED CONFLICT OF INTEREST DISCLOSURE FORM. KEY EMPLOYEES ARE AWARE AND SUBJECT TO CONFLICT OF INTEREST POLICY AND PROCEDURES PER AABGU'S CONFLICT OF INTEREST POLICY. 4. THE COO REVIEWS THE COMPLETED FORMS FOR ANY EXISTING OR POTENTIAL CONFLICTS AND IF ONE EXISTS, APPROPRIATE FOLLOW UP ACTION IS UNDERTAKEN AS SET FORTH IN THE POLICY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO A TRANSACTION OR ACTION MAY NOT PARTICIPATE IN THE DISCUSSION AND DECISION-MAKING WITH RESPECT TO THAT TRANSACTION OR ACTION. FORM 990, PART VI, SECTION B, LINE 15A AABGU HAS A COMPENSATION COMMITTEE. AABGU'S BY-LAWS PROVIDE: THE COMPENSATION COMMITTEE SHALL BE RESPONSIBLE FOR MAKING COMPENSATION RECOMMENDATIONS FOR THE CHIEF EXECUTIVE OFFICER. IT SHALL PRESCRIBE POLICY STANDARDS WITH RESPECT TO PERFORMANCE, ESTABLISH CRITERIA FOR SUPPLEMENTAL BENEFITS AND PERQUISITES, ALL RELATIVE TO MARKET COMPETITIVENESS. THE RECOMMENDATIONS SHALL BE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE COO ANNUALLY PREPARES AN ANALYSIS OF THE COMPENSATION OF EXECUTIVE DIRECTORS OR CEOS OF THE OTHER "FRIENDS OF ISRAELI UNIVERSITIES ORGANIZATIONS BASED ON THE MOST RECENTLY AVAILABLE 990S. THIS ANALYSIS IS PROVIDED TO THE COMPENSATION COMMITTEE IN ADVANCE OF ANY DELIBERATIONS WITH REGARD TO THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER. FORM 990, PART VI, SECTION C, LINE 19 AABGU MAKES ITS AUDITED FINANCIAL STATEMENTS AND KEY GOVERNANCE DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). AABGU POSTS A COPY OF THE 990 AND ITS AUDITED FINANCIAL STATEMENTS TO ITS WEBSITE. FORM 990, PART VII, SECTION A FREDERICK SIEGMUND, AABGU BOARD MEMBER AND ASSISTANT SECRETARY, ALSO PROVIDES LEGAL COUNSEL TO THE ORGANIZATION. HIS COMPENSATION SHOWN ON PART VII IS FOR HIS SERVICES PROVIDED TO THE ORGANIZATION AS LEGAL COUNSEL AND NOT FOR HIS BOARD SERVICE. FORM 990, PART VII THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 156,729. CPI ADJUSTMENT -476,380. CHARITABLE REMAINDER TRUSTS (6) CHARITABLE TRUST NY AABGU 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0