2019-11-05T09:04:16-06:00 2018-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2018-01-01 752611922 PROFESSIONAL RETAIL STORE MAINTENANCE ASSOCIATION PROF 9722319810 5000 QUORUM DRIVE NO 700 DALLAS TX 75254 WILLIAM M YANEK CHIEF EXECUTIVE OFFICER 9722319810 2019-11-05 1 SARA SMITH P01332734 2022932200 216.59.105.130 2019-11-05 09:04:13 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 5BC65B47B3A1F1CE2534BD8A8DAEFAC1BF945F16 2018 2020-03-31 21:24:44Z WILLIAM M YANEK 5000 QUORUM DRIVE NO 700 DALLAS TX 75254 8313840 0 X WWW.PRSM.COM X 1995 TX PRSM COMMITS TO SERVE FACILITIES MANAGEMENT PROFESSIONALS AND TO LEAD THE INDUSTRY BY PROVIDING RESOURCES, SOLUTIONS NETWORKING, AND KNOWLEDGE SHARING. 12 12 25 98 119116 -1648 6350 0 5395020 5626948 394577 343838 -9257 40456 5786690 6011242 0 5278 0 0 2248374 2426415 0 0 0 3316418 3901025 5564792 6332718 221898 -321476 9762823 8465614 3387989 3057535 6374834 5408079 X PRSM COMMITS TO SERVE FACILITIES MANAGEMENT PROFESSIONALS AND TO LEAD THE INDUSTRY BY PROVIDING RESOURCES, SOLUTIONS NETWORKING, AND KNOWLEDGE SHARING. 0 0 PRSM'S PURPOSE IS TO EDUCATE MEMBERS IN DIFFERENT AREAS OF RETAIL STORE MAINTENANCE AND TO PROVIDE EVENTS AND PROGRAMS. THIS YEAR THE ORGANIZATION HAD 1,021 COMPANY MEMBERS, AS WELL AS 3,707 INDIVIDUAL MEMBERS. AMONG PRSM'S ACCOMPLISHMENTS IN 2018: -HOSTED PRSM NATIONAL CONFERENCE OF OVER 2000 ATTENDEES AND 500 EXHIBITORS -HOSTED PRSM MID-YEAR CONFERENCE OF OVER 600 ATTENDEES AND 150 EXHIBITORS -PUBLISHED 5 BEST PRACTICE WHITE PAPERS -PUBLISHED 1 BENCHMARKING REPORT & 2 BENCHMARKING SNAPSHOT -PUBLISHED INDUSTRY HIGHLIGHTS IN NUMEROUS ISSUES OF CORRESPONDENCE -PUBLISHED INFORMATIONAL VIDEOS -OFFERED CURRICULUM ON-DEMAND VIDEOS WITH CERTIFICATIONS -OFFERED 8 TECHNICAL AND MANAGEMENT WEBINARS -HOSTED NUMEROUS IN PERSON NETWORKING EVENTS 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 31 0 1 25 1 1 1 0 0 0 1 1 0 0 0 X 12 12 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 9722319810 5000 QUORUM DRIVE NO 700 DALLAS TX 75254 MYRIAH KINGEN CHAIR (BEG 4/18) 3.00 X X 0 0 0 MATTHEW WHELAN VICE CHAIR (BEG 4/18) 3.00 X X 0 0 0 SHAWN BROWNING TREASURER (BEG 4/18) 3.00 X X 0 0 0 JACLYN FRENZEL SECRETARY (BEG 4/18) 3.00 X X 0 0 0 STEVE ANDREWS DIRECTOR (BEG 4/18) 3.00 X 0 0 0 ANTHONY ARMATO DIRECTOR (BEG 4/18) 3.00 X 0 0 0 JORDAN CAMPBELL DIRECTOR (BEG 4/18) 3.00 X 0 0 0 KIRK BEAUDOIN DIRECTOR (BEG 4/18) 3.00 X 0 0 0 TOM BUIOCCHI DIRECTOR (BEG 4/18) 3.00 X 0 0 0 CHRIS SLOCUM DIRECTOR 3.00 X 0 0 0 GRANT BAECKER DIRECTOR (BEG 4/18) 3.00 X 0 0 0 JONATHAN BAUER CHAIR (THRU 4/18) 3.00 X X 0 0 0 TOM BONNEL VICE CHAIR (THRU 4/18) 3.00 X X 0 0 0 ANN MORAN SECRETARY (THRU 4/18) 3.00 X X 0 0 0 STACY BROWN DIRECTOR (THRU 4/18) 3.00 X 0 0 0 SEAN COAKLEY DIRECTOR (THRU 4/18) 3.00 X 0 0 0 BRUCE FALKE DIRECTOR (THRU 4/18) 3.00 X 0 0 0 KAREN HALLEY DIRECTOR (THRU 4/18) 3.00 X 0 0 0 ASHLEY HUDLER DIRECTOR (THRU 4/18) 3.00 X 0 0 0 WILLIAM YANEK CEO 40.00 X 229187 0 5797 BRUCE CONDIT VP, MARKETING AND COMM 40.00 X 114612 0 19240 LEEANN NORTON VP, GLOBAL EVENTS 40.00 X 136393 0 14284 STEPHANIE MOON VP, KNOWLEDGE & RESOURCES 40.00 X 142397 0 14211 SHANA SANTONI VP, GLOBAL MEMBERSHIP DEVELOPMENT 40.00 X 106424 0 9462 729013 0 62994 5 0 1 0 EUCLID TECHNOLOGY LLC 4500 EAST WEST HIGHWAY SUITE 550 BETHESDA MD 20814 AMS DEVELOPMENT 213160 HIGHER LOGIC LLC PO BOX 645579 LOCATION 111 PITTSBURGH PA 15264 WEB DEVELOPMENT 110150 2 CONFERENCES/EDUCATION 900099 4269546 4269546 MEMBERSHIP DUES 900099 1238286 1238286 MAGAZINE ADVERTISING 541800 69155 69155 WEB ADVERTISING 541800 33618 33618 PUBLICATIONS 541800 16343 16343 5626948 167078 167078 2463577 2286817 176760 176760 176760 10486 15781 -5295 -5295 MISCELLANEOUS 900099 45751 45751 45751 6011242 5507832 119116 384294 5278 236043 1998138 192234 8905 106846 63057 535661 122819 256479 391009 150194 300496 1725594 63928 19418 STAFF TRAINING 44462 BENCHMARKING 33331 MISCELLANEOUS 31818 PARTNERSHIP & ALLIANCES 17180 29828 6332718 500 500 2704822 1311303 126850 73800 221591 108086 561029 321139 110725 239890 6579451 6713152 18884 18883 9762823 8465614 159404 160715 3199613 2890495 28972 6325 3387989 3057535 X 6374834 5408079 6374834 5408079 9762823 8465614 -321476 -645279 0 X X 0 1 X 1 0 0 1 0 10315 8352 1963 361986 218564 143422 188728 94223 94505 239890 DUE FROM FOUNDATION 6325 6325 X 5318687 -645279 -645279 5963966 63057 -15781 47276 6011242 6285442 15781 15781 6269661 63057 63057 6332718 PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 4B - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES -15,781. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLF TOURNAMENT EXPENSES 15,781. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICE ACTIVITIES CANADIAN CONFERENCE 54157 0 0 0 0 0 0 54157 0 54157 0 0 0 0 0 0 X 0 0 0 WILLIAM YANEK CEO 188935 0 40000 0 252 0 5731 0 1126 0 236044 0 0 0 LEEANN NORTON VP, GLOBAL EVENTS 116544 0 12868 0 6981 0 3671 0 11310 0 151374 0 0 0 STEPHANIE MOON VP, KNOWLEDGE & RESOURCES 121069 0 14291 0 7037 0 2721 0 12226 0 157344 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 PRSM HAS AN EXECUTIVE COMMITTEE, OF WHICH THE CHAIR IS THE CHAIRPERSON. ALL ACTIONS OF THE COMMITTEE MUST BE SUBMITTED TO THE FULL BOARD FOR APPROVAL. THE COMMITTEE DOES NOT HAVE THE AUTHORITY TO TRANSACT BUSINESS OR EXPEND FUNDS ON BEHALF OF PRSM, EXCEPT WHERE EXPLICIT AUTHORITY HAS BEEN GRANTED IN ADVANCE. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION'S BYLAWS WERE REVISED DECEMBER 7, 2018 TO REFLECT ITS NAME CHANGE FROM PROFESSIONAL RETAIL STORE MAINTENANCE ASSOCIATION TO CONNEX. THIS HAS NOT BEEN FORMALIZED WITH THE STATE OF INCORPORATION AS OF THE FILING DATE OF THIS RETURN. FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE TWO (2) CLASSES OF MEMBERSHIP IN THE ASSOCIATION: CORPORATE RETAIL MEMBER - RETAIL CORPORATE MEMBERSHIP IS OPEN TO RETAILERS EMPLOYING RETAIL FACILITIES MAINTENANCE MANAGEMENT AND NONMANAGEMENT, AND TO RETAIL PROPERTY FIRMS INCLUDING PROPERTY OWNERS, LANDLORDS, MANAGERS AND DEVELOPERS. INDIVIDUALS EMPLOYED BY COMPANIES PROVIDING PRODUCTS OR SERVICES OF ANY KIND WHATSOEVER TO RETAILERS, EXCEPT AS LANDLORD, PROPERTY OWNER OR PROPERTY MANAGER, ARE INELIGIBLE FOR RETAIL CORPORATE MEMBERSHIP. SUPPLIER CORPORATE MEMBER - SUPPLIER CORPORATE MEMBERSHIP IS OPEN TO MANUFACTURERS, VENDORS, CONSULTANTS, DEALERS AND DISTRIBUTORS OF RETAIL FACILITY RELATED PRODUCTS OR SERVICES AND PROPERTY MANAGERS AND DEVELOPERS OF RETAIL PROPERTIES WHO PROVIDE PRODUCTS AND SERVICES TO RETAILERS OTHER THAN AS LANDLORD, PROPERTY OWNER, OR PROPERTY MANAGER. FORM 990, PART VI, SECTION A, LINE 7A ALL VOTING MEMBERS OF THE ASSOCIATION IN GOOD STANDING ARE QUALIFIED TO VOTE IN THE ELECTION OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY THE ORGANIZATION'S MANAGEMENT TEAM, AND A COPY PROVIDED TO THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES WERE ASKED TO IDENTIFY ANY CONFLICTS AT THE BEGINNING OF THEIR ANNUAL TERMS. CONFLICTS OF INTEREST STATEMENTS WERE ALSO ASSIGNED. FORM 990, PART VI, SECTION B, LINE 15A BONUS TARGETS AS A PERCENT OF SALARY, ARE ESTABLISHED FOR VPS AND SEPARATELY ALL OTHER EMPLOYEES WHICH ARE APPROVED BY THE BOARD OF DIRECTORS. THE BOARD APPROVES A TOTAL ORGANIZATION AVERAGE SALARY INCREASE BASED ON ORGANIZATION FINANCIAL PERFORMANCE AND GENERAL COST OF LIVING DATA. FOR KEY EMPLOYEES, THE CEO DETERMINES SALARY ADJUSTMENTS BASED ON ANNUAL PERFORMANCE REVIEWS AND THE BOARD APPROVED AVERAGE SALARY INCREASE. FOR CEO: THE CEO WAS HIRED RECENTLY WITH COMPENSATION BASED ON INDUSTRY SURVEY BENCHMARKS FOR SIMILAR ORGANIZATIONS AND INDUSTRY SURVEY BENCHMARKS FOR THE EXPERIENCE PROFILE DESIRED. EACH SUBSEQUENT YEAR A COMPENSATION COMMITTEE DESIGNATED BY THE BOARD REVIEWS CEO PERFORMANCE WITH RESPECT TO ORGANIZATION GOALS AND DETERMINES A SALARY ADJUSTMENT, IF ANY, BASED ON SUCH PERFORMANCE AS WELL AS THE APPROVED ORGANIZATION AVERAGE SALARY INCREASE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.