2018-04-03T17:08:13-05:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 11710 BELTSVILLE DRIVE SUITE 300 CALVERTON MD 20705 990 2017-01-01 521681375 BOARDSOURCE BOAR 2024526262 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 ANNE WALLESTAD PRESIDENT & CEO 2024526262 2018-04-02 1 PATRICIA L KATEBINI CPA P01714127 3019312050 2018-04-02 2017 2022-09-23 18:48:47Z ANNE WALLESTAD 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 6978067 0 X WWW.BOARDSOURCE.ORG X 1990 DC TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. 12 12 35 15 3400 143 1562662 1415071 3193892 4644618 50075 121073 653475 600885 5460104 6781647 0 0 0 0 2825417 2802881 0 0 503448 2643621 3550874 5469038 6353755 -8934 427892 5379937 5737688 2545410 2243981 2834527 3493707 X TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. BOARDSOURCE ENVISIONS A WORLD WHERE EVERY SOCIAL SECTOR ORGANIZATION HAS THE LEADERSHIP IT NEEDS TO FULFILL ITS MISSION AND ADVANCE THE PUBLIC GOOD. 0 0 1775390 2189594 CONSULTING & ASSESSMENT SERVICES:BOARDSOURCE'S CONSULTING AND ASSESSMENT SERVICES HELP ORGANIZATIONS IDENTIFY CORE ISSUES IN THEIR BOARD PERFORMANCE AND DEVELOPMENT. IN 2017, BOARDSOURCE CONDUCTED OVER 800 BOARD AND CHIEF EXECUTIVE ASSESSMENTS AND WORKED WITH OVER 100 ORGANIZATIONS ON MORE IN-DEPTH CONSULTING ENGAGEMENTS. 1086236 SECTOR LEADERSHIP INITIATIVES:BOARDSOURCE CONDUCTS RESEARCH ON BOARD LEADERSHIP PRACTICES AND TRENDS, AND LEADS EDUCATIONAL AND AWARENESS-BUILDING EFFORTS TO STRENGTHEN NONPROFIT BOARD LEADERSHIP ACROSS THE NONPROFIT SECTOR. 1010984 1447835 MEMBERSHIP PROGRAMS:BOARDSOURCE HAS SEVERAL MEMBERSHIP PROGRAMS TO MEET THE NEEDS OF ORGANIZATIONS, NETWORKS, AND INDIVIDUAL LEADERS. BOARDSOURCE'S CORE MEMBERSHIP PROGRAM IS THE BOARD SUPPORT PROGRAM, WHICH PROVIDES ORGANIZATIONS WITH A FUNDAMENTAL SET OF BOARD DEVELOPMENT RESOURCES, INCLUDING AN ANNUAL BOARD SELF-ASSESSMENT. 251168 288392 PUBLICATIONS: BOARDSOURCE'S LIBRARY OF NONPROFIT GOVERNANCE RESOURCES INCLUDES MORE THAN 400 PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TONONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2017 ALONE, MORE THAN 120,000 WRITTEN RESOURCES WERE ACCESSED BY NONPROFIT LEADERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. 360209 312834 PUBLIC TRAINING PROGRAM:BOARDSOURCE'S TRAINING PROGRAMS PROVIDE FOCUSED SUPPORT TO BOARD MEMBERS, NONPROFIT EXECUTIVES, GOVERNANCE CONSULTANTS AND OTHERS LOOKING TO CULTIVATE KNOWLEDGE AND UNDERSTANDING OF STRONG BOARD LEADERSHIP PRACTICES. BOARDSOURCE'S TRAINING PROGRAMS REACHED MORE THAN 800 NONPROFIT LEADERS IN 2017. 747165 694355 BOARDSOURCE LEADERSHIP FORUM: BOARDSOURCE'S BIENNIAL CONFERENCE, THE BOARDSOURCE LEADERSHIP FORUM (BLF), CONVENES NONPROFIT BOARD MEMBERS, CHIEF EXECUTIVES, AND OTHERS TO BUILD POSITIVE MOMENTUM AND LEARNING FOCUSED ON STRENGTHENING NONPROFIT LEADERSHIP AT THE HIGHEST LEVEL - THE BOARD OF DIRECTORS. THE 2017 CONFERENCE INCLUDED MORE THAN 1,000 LEADERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. 1358542 1295581 5231152 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 35 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC X JOAN PAYNE 2023492500 750 9TH STREET NW 650 WASHINGTON DC DC 20001 RICK MOYERS CHAIR 6.00 X X 0 0 0 CATHY TROWER VICE CHAIR 4.00 X X 0 0 0 SHARON ROSSMARK TREASURER 4.00 X X 0 0 0 MARK SHAMLEY SECRETARY 3.00 X X 0 0 0 CAROL GOSS DIRECTOR 3.00 X 0 0 0 JOHN GRISWOLD DIRECTOR 3.00 X 0 0 0 YANELA FRIAS DIRECTOR 4.00 X 0 0 0 PHILLIP HENDERSON DIRECTOR 4.00 X 0 0 0 KEITH LIEDERMAN DIRECTOR 3.00 X 0 0 0 DAVID MCGINTY DIRECTOR 4.00 X 0 0 0 DR SHERECE WEST-SCANTLEBURY DIRECTOR 1.00 X 0 0 0 JUDY VREDENBURGH DIRECTOR 3.00 X 0 0 0 KEVIN WALKER DIRECTOR 3.00 X 0 0 0 JULIA WILSON DIRECTOR 2.00 X 0 0 0 SYLVIA YEE DIRECTOR 3.00 X 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 40.00 X 240521 0 25706 JOAN PAYNE VP OF FINANCE PARTNER & MEMBER SERVICES 40.00 X 117610 0 24483 MARCI SUNDERLAND VP HUMAN CAPITAL & OPERATI 40.00 X 145104 0 19236 VERNETTA WALKER VP PROGRAMS & CHIEF GOVERN 40.00 X 142388 0 33475 ERIN BERRY VP MARKETING & COMMUNICATI 40.00 X 127479 0 19248 JENIFER HOLLAND DIRECTOR OF CONSULTING & PROGRAMS 40.00 X 112013 0 17467 885115 0 139615 6 0 1 0 ANN COHEN & ASSOCIATES 8225 BUCKSPARK LANE POTOMAC MD 20854 CONSULTING AND TRAINING 235023 OFFICE IT SOLUTIONS 3509 CONNECTICUT AVENUE NW WASHINGTON DC 20008 IT EQUIPMENT & TECHNOLOGY SERVICES 128138 SUSAN MEIER 648 W ALDINE AVE 3 CHICAGO IL 60657 CONSULTING AND TRAINING 108000 3 1415071 1415071 CONSULTING 900099 1538050 1538050 MEMBERSHIP DUES 900099 1447835 1447835 BLF 900099 694355 694355 ASSESSMENTS 900099 651544 651544 TRAINING FEES 900099 312834 312834 4644618 55218 55218 42241 42241 261010 0 261010 261010 261010 155000 89145 65855 65855 65855 392267 107275 284992 284992 ADVERTISING INCOME 541800 3400 3400 9242 9242 12642 6781647 4929610 3400 433566 408320 261114 99988 47218 1968864 1556303 203064 209497 68531 51066 10286 7179 174710 130186 26222 18302 182456 135958 27385 19113 692228 692228 8913 8010 532 371 26986 20109 4050 2827 353581 319154 17637 16790 86809 68615 10715 7479 149381 112647 20330 16404 86275 64288 12949 9038 18787 18337 450 887465 661299 133199 92967 214675 197152 2724 14799 378441 371576 1911 4954 435 435 227224 169317 34104 23803 39762 30247 5604 3911 CLIENT REIMBURSED EXPEN 112964 112728 236 LICENSES/PERMITS 99978 90974 5303 3701 FULFILLMET SHIPPING, PO 92705 91653 482 570 BANK FEES 65056 62696 1390 970 9209 5495 395 3319 6353755 5231152 619155 503448 177 167 760489 753690 290300 115000 123570 383356 135214 84235 127375 198038 2986588 1876011 1200861 1110577 2741951 3092625 5379937 5737688 169742 197659 1130717 969718 1244951 1076604 2545410 2243981 X 1728819 2479192 894308 803115 211400 211400 2834527 3493707 5379937 5737688 427892 231288 0 X 0 1 X 1 0 X 2317697 2167243 1953740 1562662 1415071 9416413 3234539 3272749 4546292 3657712 5036885 19748177 5552236 5439992 6500032 5220374 6451956 29164590 351500 450000 759750 822875 625000 3009125 14716 31087 16628 384944 447375 366216 481087 759750 839503 1009944 3456500 25708090 72576 157528 196190 284014 424324 1134632 72576 157528 196190 284014 424324 1134632 143 143 21425 10164 20543 50042 9242 111416 5646237 5607684 6716765 5554430 6885665 30410781 0.84540 0.85480 0.03730 0.02560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4527 4527 6349230 6353757 467688 116922 0 0 442366 423452 467688 1333506 2000259 279 367 4527 5173 110592 105863 116922 333377 500066 367 4527 4894 325011 25411 40907 309515 298130 26881 325011 316223 -1750 16343 298130 319166 18139 21082 316223 294503 41283 16620 319166 0.09390 0.68300 0.22310 0 0 511008 271769 239239 806983 760069 46914 1182052 840015 342037 486545 4158 482387 1110577 DEFFERED CONSTRUCTION ALLOWANCE 510529 DEFFERED RENT 566075 1076604 X 7180497 231288 60287 291575 6888922 -107275 -107275 6781647 6521317 60287 107275 167562 6353755 0 6353755 PART V, LINE 4: THE JUDITH O'CONNOR MEMORIAL FUND: AN ENDOWMENT THAT GENERATES EARNINGS TO SUPPORT A LECTURESHIP WHICH WILL HONOR OUTSTANDING LEADERS AND THINKERS IN THE NONPROFIT SECTOR FOR THEIR ACHIEVEMENTS IN NONPROFIT LEADERSHIP OR THEIR CONTRIBUTION TO THE FIELD OF NONPROFIT GOVERNANCE, AND SCHOLARSHIPS TO ATTEND THE BOARDSOURCE LEADERSHIP FORUM. PART X, LINE 2: BOARDSOURCE IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT BOARDSOURCE IS A PUBLICLY SUPPORTED ORGANIZATION. BOARDSOURCE'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. BOARDSOURCE IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -107,275. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 107,275. X X X X X 0 0 0 0 0 0 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 240521 0 0 0 0 0 9575 0 16131 0 266227 0 0 0 MARCI SUNDERLAND VP HUMAN CAPITAL & OPERATI 145104 0 0 0 0 0 6070 0 13166 0 164340 0 0 0 VERNETTA WALKER VP PROGRAMS & CHIEF GOVERN 142388 0 0 0 0 0 5640 0 27835 0 175863 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS ANNUALLY AND REPORTS TO THE FULL BOARD OF DIRECTORS. IF A CONFLICT IS DISCLOSED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF DIRECTORS FOR ANY REQUIRED BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE PRESIDENT & CEO, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS (OR AN INDEPENDENT COMPENSATION CONSULTANT) USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS. ADDITIONALLY, COMPARABLE ORGANIZATION SALARY AND BENEFIT INFORMATION IS COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE BOARD CHAIR, AS WELL AS THE COMPENSATION AND EVALUATION COMMITTEE. THEY PROVIDE ANY RECOMMENDATIONS TO THE FULL BOARD ON A SALARY INCREASE FOR THE PRESIDENT & CEO. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASE IN COMPENSATION FOR THIS POSITION REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE CEO EVALUATION AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR PROVIDING WRITTEN DOUCMENTATION TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARY AND EFFECTIVE DATE. LAST REVIEWED IN 2017. PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE OFFICERS & KEY EMPLOYEES, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS AS WELL AS COMPARABLE ORGANIZATION SALARY INFORMATION COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE PRESIDENT & CEO. BASED ON THE PERFORMANCE EVALUATION OF THESE INDIVIDUALS, THE PRESIDENT & CEO PROVIDES A MEMO TO THE BOARD OF DIRECTORS REOUESTING A COMPENSATION ADJUSTMENT ALONG WITH THE COMPENSATION ANALYSIS AND A PROPOSED BOARD OF DIRECTORS RESOLUTION AUTHORIZING A SALARY INCREASE. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL E-MAIL. ANY INCREASES IN COMPENSATION FOR OFFICERS & KEY EMPLOYEES REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE BOARD OF DIRECTORS THEN PROVIDES WRITTEN APPROVAL TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARIES AND EFFECTIVE DATE. ALTHOUGH MS. PAYNE IS TREATED AS AN OFFICER FOR PURPOSES OF THE 990 AS THE TOP FINANCIAL OFFICIAL, SHE IS NOT A LEGAL OFFICER OF THE CORPORATION AND THEREFORE HER COMPENSATION IS NOT SUBJECT TO THE POLICY LISTED ABOVE. THE LAST TIME THAT BOARDSOURCE HAD EMPLOYEES OTHER THAN THE CEO WHO WERE CLASSIFIED AS OFFICERS OR KEY EMPLOYEES AND WHO RECEIVED A COMPENSATION ADJUSTMENT WAS IN 2012, AT WHICH POINT THIS PROCESS FOR BOARD REVIEW OF COMPENSATION WAS UTILIZED. FORM 990, PART VI, SECTION C, LINE 19 BOARDSOURCE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE BOARDSOURCE WEBSITE.