2018-11-15T16:28:28-06:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-01-01 237156531 ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC ASSO 6463929877 42 BROADWAY FLOOR 20 NEW YORK NY 10004 SUSAN TAYLOR BATTEN PRESIDENT AND CEO 6463929877 2018-11-14 1 GARRETT M HIGGINS P00543209 2122862600 2018-11-14 4.15.211.182 2018-11-14 12:16:33 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 4F9F0882E2C1046A9DC4DC01D0F262469E3815E0 2017 2019-02-21 02:37:17Z SUSAN TAYLOR BATTEN 42 BROADWAY FLOOR 20 NEW YORK NY 10004 3227337 0 X WWW.ABFE.ORG X 1971 IN ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. 10 10 15 14 0 0 1793016 2614890 382172 609000 1919 3114 0 333 2177107 3227337 60000 70000 0 0 1051069 1301020 0 0 303285 1252067 1745227 2363136 3116247 -186029 111090 1530141 1632200 250885 241854 1279256 1390346 X ABFE'S MISSION IS TO PROMOTE EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. AS AN INSTITUTION, ABFE SEEKS TO IMPACT THE COMMUNITY OF PHILANTHROPIC PRACTICE AND THEREBY THE OVERALL HEALTH AND STRENGTH OF THE BLACK COMMUNITY. 0 0 1001408 70000 CHANGE PHILANTHROPY -IN 2016, ABFE BECAME THE FISCAL SPONSORS OF CHANGE PHILANTHROPY. FORMERLY KNOWN AS JOINT AFFINITY GROUPS, CHANGE PHILANTHROPY WAS FOUNDED IN 1993 TO UNIFY IDENTITY-FOCUSED PHILANTHROPIC AFFINITY GROUPS INTO AN EMPOWERED COALITION. COMING TOGETHER, ITS SEVEN CORE PARTNERS ARE WORKING TO INTEGRATE DIVERSITY, INCLUSION, AND SOCIAL JUSTICE INTO PHILANTHROPIC PRACTICE, TRANSFORMING THE SECTOR'S CULTURE TO BE ONE THAT EMBRACES EQUITY. (SEE CONTINUATION ON SCHEDULE O)CHANGE PHILANTHROPY PROVIDE TOOLS, RESOURCES, AND CONNECTIONS TO THE GREATER PHILANTHROPIC COMMUNITY, AS WELL AS LEVERAGING THE KNOWLEDGE AND INSIGHT OF OUR WIDE NETWORK WITHIN THIS COMMUNITY. TOGETHER, WE'RE WORKING TO RAISE THE LEVEL OF DIALOG AMONG FUNDERS SO THAT PHILANTHROPIC DOLLARS ARE DISPERSED THROUGH EQUITABLE PRACTICES THAT TAKE THE TRUE CONCERNS OF ALL COMMUNITIES TO HEART. 270518 CATALYZING COMMUNITY GIVING - ABFE CONVENED, CONNECTED, CREATED SYNERGIES, AND DIRECTED ALL THE STAKEHOLDERS INVOLVED AND LAUNCHED OUR "25% INCREASE CAMPAIGN" TO SUPPORT BLACK-LED SOCIAL CHANGE ORGANIZATIONS REALIZE THEIR FULLEST POTENTIAL. WE ARE CURRENTLY UNDERTAKING A HEALTH AND VIABILITY STUDY THAT WILL SURVEY 200 BLACK LED ORGANIZATIONS. (SEE CONTINUATION ON SCHEDULE O)ALSO, DURING THIS PERIOD, WE BOLSTERED OUR MULTILATERAL RELATIONSHIPS WITH KEY ORGANIZATIONS SUCH AS BLACK CIVIC, FRATERNAL AND PROFESSIONAL GROUPS THAT CATAPULTED OUR REPUTATION AS AN ORGANIZATION THAT IS UNWAVERINGLY COMMITTED TO MARGINALIZED COMMUNITIES OF COLOR AND INSISTS ON EQUITABLE OUTCOMES. THE CATALYZING COMMUNITY GIVING INSTITUTE (CCGI) DELIVERED THE INFORMATION AS GUARANTEED WITH THE PARTICIPANTS ATTAINING AN INCREASED UNDERSTANDING OF THE DEEP SEATED ISSUES IN BLACK COMMUNITIES, AS WELL AS THE REQUIRED KNOWLEDGE, SKILLS IN LEADERSHIP AND DECISION-MAKING, TO BE MORE EFFECTIVE ADVOCATES FOR BLACK COMMUNITIES. 262607 208518 RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) -ABFE BRINGS A NEW FRAMEWORK ON RPBC TO REALIZE ITS MISSION OF PROMOTING EFFECTIVE AND RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES. THIS NEW TEMPLATE BUILDS UPON GRANTMAKING WITH A RACIAL EQUITY LENS BUT IS TAILORED SPECIFICALLY TO GRANTMAKING IN AND FOR BLACK COMMUNITIES. AS A RESULT, ABFE HAS DESIGNED A SET OF DEFINING CHARACTERISTICS OF PHILANTHROPY THAT IS MORE LIKELY TO REDUCE GAPS IN RACIAL DISPARITIES FACING BLACKS IN THE UNITED STATES. WE HAVE BEEN PARTNERING WITH GRANT MAKERS AROUND THE COUNTRY TO APPLY THIS FRAMEWORK TO THEIR INVESTMENTS. IN 2017, ABFE ENGAGED 17 FOUNDATIONS AND PHILANTHROPY SERVING ORGANIZATIONS TO DELIVER RACIAL EQUITY TRAINING. 203612 15000 CONNECTING LEADERS FELLOWSHIP (CLFP) - CLFP IS A YEAR-LONG EXPERIENCE DESIGNED TO SHARPEN THE SKILLS AND STRENGTHEN THE LEADERSHIP CAPACITY OF FOUNDATION STAFF, DONORS, AND TRUSTEES WHO ARE COMMITTED TO ASSISTING BLACK COMMUNITIES THROUGH PHILANTHROPY. FELLOWS HAVE THE OPPORTUNITY TO LEARN FROM SEASONED GRANTMAKERS AND PEERS ON A REGULAR BASIS, UNDERSTAND HOW TO BE MORE EFFECTIVE AGENTS FOR CHANGE WITHIN THEIR INSTITUTIONS, AND PARTICIPATE IN A NETWORK THAT FOCUSES ON INNOVATIVE SOLUTIONS TO COMMUNITY CHALLENGES. THE FELLOWSHIP BEGINS WITH A WEEK-LONG LEADERSHIP SUMMIT. IN ADDITION, FELLOWS CONDUCT A 360-DEGREE EVALUATION AND ARE ASSIGNED A LEADERSHIP COACH. EACH FELLOW IS REQUIRED TO COMPLETE A COMMUNITY-BASED LEARNING PROJECT DURING THE FELLOWSHIP YEAR, WHICH CAN BE VOLUNTEER WORK OR A RESEARCH PROJECT ON A TOPIC OF INTEREST. WE ADDED 10 NEW CLFP FELLOWS IN 2017, BOOSTING OUR NUMBERS TO 132. WE BROUGHT THE COHORT TOGETHER FOR OUR ANNUAL CLFP SUMMIT IN KANSAS CITY, MO. THIS YEAR, WE ADDED AN EXTRA COMMITMENT TO LEANING-IN ON OUR ORGANIZATIONAL COMMITMENT TO STRENGTHENING THE PHILANTHROPIC BENCH IN THE SOUTH. WE PAID CLOSER ATTENTION TO SOUTH/SOUTHEASTERN REGIONS AND PARTNER PROSPECTS WITH FUNDERS WHO HAVE A STRONG FOOTPRINT IN THE SOUTH 141704 MEMBERSHIP SERVICES - ABFE EQUIPS ITS MEMBERS AND PARTNERS WITH TOOLS AND RESOURCES TO RESPOND MORE EFFECTIVELY TO THE NEEDS OF BLACK COMMUNITIES AND TO ADDRESS ANTI-BLACK RACISM. ABFE USES ITS POSITION AND NETWORKS IN THE FIELD TO SHARE INFORMATION FOR THE EXPRESS PURPOSE OF INFLUENCING POLICIES AND PRACTICES IN THE FIELD THAT MAY HINDER THE SUCCESS OF BLACK PROFESSIONALS OR COMMUNITIES. OUR RESPONSIVE PHILANTHROPY IN BLACK COMMUNITIES (RPBC) FRAMEWORK FOR GRANTMAKING SUPPORTS THE DIGNITY OF COMMUNITIES AND OPTIMIZES INHERENT STRENGTHS TO ENSURE BETTER OUTCOMES FOR BLACK COMMUNITIES. ABFE ALSO OFFERS A VARIETY OF OPPORTUNITIES FOR MEMBERS AND OTHER PROFESSIONALS IN THE FIELD TO EXCHANGE INFORMATION AND IDEAS, AND TO CULTIVATE PRODUCTIVE RELATIONSHIPS THAT OFTEN RESULT IN LEARNING, CO-INVESTMENT, AND EXPANDED SOCIAL AND PROFESSIONAL OPPORTUNITIES AND COMMUNITIES. OUR PROFESSIONAL AND LEADERSHIP DEVELOPMENT PRIMARILY FOCUSED ON MEMBERS' INTERESTS, ABFE PROVIDES INFORMATION AND OTHER RESOURCES THAT INFORM GRANTMAKING STRATEGIES AND SUPPORT CAREER AND LEADERSHIP DEVELOPMENT FOR BLACK PROFESSIONALS IN THE FIELD. 127006 LEVERAGE THE TRUST - HAVING IDENTIFIED KEY BARRIERS THAT PREVENT FINANCE PROFESSIONALS OF COLOR FROM WORKING IN THE FIELD OF PHILANTHROPY, ABFE HAS OUTLINED A STRATEGY FOR INCREASING THE ENGAGEMENT OF MINORITY MANAGERS IN SEARCH ACTIVITY AND SELECTION. THIS ISSUE IS YET ANOTHER LAYER OF PHILANTHROPIC PRACTICES WHERE WE CONTINUE TO PROMOTE FAIR AND EQUITABLE HIRING, DECISION-MAKING AND ACCESS TO OPPORTUNITY. THIS WORK HIGHLIGHTS COLLATERAL BENEFITS NOT ONLY FOR THE FIELD OF PHILANTHROPY, BUT ALSO FOR BLACK AND OTHER COMMUNITIES OF COLOR THAT SHOULD NOT BE IGNORED, INCLUDING: WEALTH BUILDING IN COMMUNITIES OF COLOR; DEVELOPMENT OF A PIPELINE OF INDUSTRY PROFESSIONALS AND TRUSTEE LEADERSHIP FOR THE SECTOR; AND GROWTH OF PHILANTHROPISTS AND HIGH IMPACT DONORS IN THEIR RESPECTIVE COMMUNITIES. IN 2017, ABFE HOSTED A TRUSTEE MEETING IN SAN DIEGO, CA. THE INVITATION-ONLY RETREAT OFFERED AN INTIMATE AND SAFE SPACE FOR BLACK TRUSTEES TO REFLECT, FOCUS, STRATEGIZE AND COMMIT TO MAKING PHILANTHROPY MORE RESPONSIVE TO BLACK COMMUNITIES. THE RETREAT PROVIDED THEM WITH AN OPPORTUNITY FOR A GREATER UNDERSTANDING OF THE APPLICATION OF OUR LEVERAGE THE TRUST'S CALL TO ACTION, THE POWER OF A BOARD'S AUDIT AND INVESTMENT COMMITTEES TO HIRE BLACK BUSINESSES AND STRATEGIES TO INCREASE THE PIPELINE OF BLACK LEADERS TO JOIN FOUNDATION BOARDS, 121019 BLACK SOCIAL CHANGE FUNDERS NETWORK (BSCFN) -IN 2017, WE CONVENED OUR THIRD, AND LARGEST IN-PERSON GATHERING OF OVER 120 PHILANTHROPIC PROFESSIONALS WHO SHARE AN INTEREST IN BLACK SOCIAL CHANGE STRATEGIES. WE TOOK ON THE CHALLENGE OF PROVIDING REAL STORIES TO ILLUSTRATE ALL SEVEN INVESTMENT STRATEGIES THAT WE RECOMMEND PHILANTHROPY SHOULD SUPPORT, WHICH ARE OUTLINED IN THE CASE FOR FUNDING BLACK LED SOCIAL CHANGE. ADDITIONALLY, WE WERE ABLE TO BEGIN THE PROCESS OF LEARNING MORE ABOUT HOW REGIONS ARE EXPLORING THIS WORK, THROUGH A FACILITATED EXERCISE, WHICH ALLOWED PARTICIPANTS TO GATHER AND BRAINSTORM ABOUT ASSETS AND NEEDS WITHIN THEIR GEOGRAPHIC AREAS OF INTEREST. WE HAVE AMASSED A GROWING LIST OF PEOPLE WHO FIND RESONANCE IN THE BLACK SOCIAL CHANGE PLATFORM, AND THESE FACE-TO-FACE CONVENINGS OFFER THE BEST OPPORTUNITIES TO LEVERAGE WHAT IS POSSIBLE, IDENTIFY FOUNDATION AND BRING VISIBILITY TO GRASSROOTS PRACTITIONERS WHO CONTINUE TO THRIVE IN THE ABSENCE OF INVESTMENT. 105319 ANNUAL CONFERENCE -ABFE'S ANNUAL CONFERENCE IS A GATHERING OF PHILANTHROPIC AND NON-PROFIT PROFESSIONALS FOR NETWORKING AND ENGAGEMENT AROUND SHARED INTEREST IN SUPPORTING BLACK COMMUNITIES THROUGH PHILANTHROPY. THE TARGET AUDIENCE IS ABFE'S MEMBERS AND PARTNERS; FOUNDATION TRUSTEES, EXECUTIVE STAFF AND PROGRAM OFFICERS, GRANT MAKING ENTITIES INCLUDING PRIVATE FOUNDATIONS, CORPORATE GIVING PROGRAMS, DONOR-ADVISED FUNDS AND GIVING CIRCLES.AS PART OF THE 2017 CONFERENCE, WE BROUGHT THE ABFE FAMILY TOGETHER, WHILE ALSO CONVENING WITH OUR PHILANTHROPIC, IDENTITY-BASED EXTENDED FAMILY IN A VERY ROBUST WAY. WE CONVENED A CORE NETWORK OF WELL OVER 150 PEOPLE WHO SELF-DESIGNATED AS "ABFE REGISTRANTS" FOR THIS RECORD SETTING UNITY SUMMIT, WHICH HAD 700 REGISTRANTS, CONVENED BY ABFE AND NINE PARTNER ORGANIZATIONS. IN ADDITION TO OUR ABFE-SPECIFIC PRE-SUMMIT PROGRAMMING WE LEAD/COLLABORATED ON CONTENT THAT WAS REPRESENTED IN EVERY PROGRAMMATIC TIME BLOCK THROUGHOUT THE 2.5 DAY SUMMIT. WE ALSO CELEBRATED WHAT HAS BEEN A SIGNATURE PROGRAM FOR ABFE FOR 27 YEARS, THE JAMES A. JOSEPH LECTURE AND AWARDS, WHICH CELEBRATED THE IMPORTANT ACCOMPLISHMENTS OF LEADERS IN THE FIELD. 293345 385482 OTHER PROGRAMS - OTHER PROGRAMS INCLUDE THE WOMEN IN PHILANTHROPY (WIP) RETREAT, A LEADERSHIP CONVENING FOR WOMEN OF AFRICAN DESCENT WHO ARE LEADING IN THE FIELD OF PHILANTHROPY AND SMART INVESTING PROGRAM. 992005 400482 2526538 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 25 0 15 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NY IN X X JANET GUMBS VP FINANCE AND ADMIN 6463929877 42 BROADWAY FLOOR 20 NEW YORK NY 10004 MR KENNETH JONES CHAIR 1.00 X X 0 0 0 MR GARY L CUNNINGHAM CHAIR/DIRECTOR THRU 10/11/17 1.00 X X 0 0 0 MR MARCUS MCGREW VICE CHAIR 1.00 X X 0 0 0 MR KENT MCGUIRE SECRETARY 1.00 X X 0 0 0 MS TRISTA HARRIS TREASURER 1.00 X X 0 0 0 MS TOWALAME AUSTIN DIRECTOR THRU 10/11/17 1.00 X 0 0 0 MR CEDRIC BROWN DIRECTOR 1.00 X 0 0 0 MR WILLIAM BUSTER DIRECTOR 1.00 X 0 0 0 MS LAUREN CASTEEL DIRECTOR 1.00 X 0 0 0 MR SAMUEL CARGILE PHD DIRECTOR 1.00 X 0 0 0 MS ROZ LEE DIRECTOR THRU 10/11/17 1.00 X 0 0 0 MS ANTOINETTE MALVEAUX DIRECTOR 1.00 X 0 0 0 MS KAREN MCNEIL-MILLER DIRECTOR 1.00 X 0 0 0 MS ALVERTHA PENNY DIRECTOR THRU 4/24/17 1.00 X 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 40.00 X 185000 0 7129 MR MARCUS WALTON COO 40.00 X 117571 0 3350 MS JANET GUMBS VP FINANCE AND ADMIN 28.00 X 87743 0 17958 MR SEITU HART VP, DEVELOPMENT 32.00 X 113362 0 16300 MS CARLY HARE NATIONAL DIRECTOR - CHANGE 40.00 X 109976 0 18425 613652 0 63162 4 0 1 0 SPECIAL GATHERING LLC 503 E 36TH STREET BALTIMORE MD 21218 STRATEGIC/EVENT DEVELOPMENT MGMT 155000 1 281675 2333215 2614890 PROGRAM & LECTURE FEES 611710 569470 569470 JOBS CORNER REVENUE 541800 39530 39530 609000 3114 3114 OTHER REVENUE 900099 333 333 333 3227337 609000 0 3447 X 70000 70000 676814 285668 181352 209794 457236 443441 1444 12351 20167 15039 960 4168 63437 57870 5092 475 83366 54913 12928 15525 11981 11323 123 535 582940 546494 8230 28216 429 202 154 73 82579 49141 25698 7740 23778 22411 289 1078 66572 41421 11428 13723 238620 229029 8577 1014 701798 673589 25227 2982 5672 3505 984 1183 REPAIRS & MAINTENANCE 14737 9106 2558 3073 STAFF DEVELOPMENT 9683 9476 177 30 MEMBERSHIP DUES 5979 3694 1038 1247 OTHER DIRECT OPERATING 459 216 165 78 3116247 2526538 286424 303285 190055 106260 702352 847378 596993 651902 21000 0 15041 18720 20665 20665 0 0 4700 7940 1530141 1632200 110072 123090 140813 118764 250885 241854 X 173242 22585 1106014 1367761 1279256 1390346 1530141 1632200 111090 0 X X 0 1 X 1 0 X 1947889 910533 2101633 1793016 2614890 9367961 1947889 910533 2101633 1793016 2614890 9367961 4460006 4907955 2166 2195 1509 1919 3114 10903 2790 1323 333 4446 9383310 1619142 0.52310 0.56020 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2013 AMOUNT: $ 1,789. 2014 AMOUNT: $ 1,323. 2017 AMOUNT: $ 333. TRAVEL INCOME - 2013 AMOUNT: $ 1,001. 20665 20665 0 0 X 3227337 0 3227337 0 3227337 3116247 0 3116247 0 3116247 PART X, LINE 2: THE ASSOCIATION RECOGNIZES THE EFFECT OF TAX POSITIONS WHEN THEY ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT IS NOT AWARE OF ANY VIOLATIONS OF ITS TAX STATUS AS AN ORGANIZATION EXEMPT FROM INCOME TAX, NOR OF ANY EXPOSURE TO UNRELATED BUSINESS INCOME TAX THAT WOULD REQUIRE DISCLOSURE AND/OR RECOGNITION IN THE FINANCIAL STATEMENTS. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2014. 1 ASIAN AMERICANSPACIFIC ISLANDERS IN PHILANTHROPY 300 FRANK H OGAWA PLAZA SUITE 256 OAKLAND CA 94612 943150064 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT ASSOCIATION OF BLACK FOUNDATION EXECUTIVES INC (PASS-THRU) 42 BROADWAY FLOOR 20 NEW YORK NY 10004 237156531 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT EMERGING PRACTITIONERS IN PHILANTHROPY (TIDES CENTER) PO BOX 29907 SAN FRANCISCO CA 94129 943213100 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT FUNDERS FOR LGBTQ ISSUES 45 WEST 36TH STREET 8TH FL NEW YORK NY 10018 134144494 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT HISPANICS IN PHILANTHROPY 414 13TH STREET SUITE 200 OAKLAND CA 94612 943040607 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT NATIVE AMERICANS IN PHILANTHROPY 2801 21ST AVENUE SOUTH NO 132D MINNEAPOLIS MN 55407 561849598 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT WOMEN'S FUNDING NETWORK 156 2ND STREET SAN FRANCISCO CA 94105 411685134 501(C)(3) 10000 CHANGE PHILANTHROPY PARTNER GRANT 7 0 PART I, LINE 2: GRANTS WERE PROVIDED TO SUPPORT ALL SEVEN AFFINITY GROUP MEMBERS UNDER CHANGE PHILANTHROPY. TO BE ELIGIBLE FOR THE CHANGE PHILANTHROPY GRANT, ALL MEMBERS ARE REQUIRED TO ATTEND THE VARIOUS CHANGE PHILANTHROPY MEETINGS DURING THE YEAR. X X X X 0 0 0 0 0 0 0 0 0 MS SUSAN TAYLOR BATTEN PRESIDENT & CEO 185000 0 0 0 0 0 5337 0 1792 0 192129 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS THE FOLLOWING THREE CLASSES OF MEMBERSHIP: 1) INSTITUTIONAL, INCLUDING AN ENTITY PRIVATE, PUBLIC, COMMUNITY, FAMILY OR CORPORATE GRANTMAKING INSTITUTION OR A NONPROFIT ORGANIZATION OR CORPORATION PARTICIPATING AS A GRANTOR AND/OR INVESTOR IN BLACK COMMUNITIES; 2) INDIVIDUAL VOTING MEMBERS, INCLUDING CURRENT OR PAST DONOR, TRUSTEE OR STAFF OF AN ORGANIZATION ELIGIBLE; AND 3) INDIVIDUAL ASSOCIATION MEMBERS, INCLUDING INDIVIDUAL THAT SUPPORTS ABFE'S MISSION MAY BECOME AN ASSOCIATE MEMBER UPON APPLICATION AND PAYMENT OF DUES. FORM 990, PART VI, SECTION A, LINE 7A THE ELECTION OF THE BOARD OF DIRECTORS IS SUBJECT TO APPROVAL BY THE MEMBERS. EACH YEAR AT ABFE'S ANNUAL MEMBERSHIP MEETING, A SLATE OF CANDIDATES TO SERVE ON ABFE'S BOARD IS ELECTED BY ELIGIBLE MEMBERS WITH VOTING PRIVILEGES, INCLUDING MEMBERS IN GOOD STANDING. FORM 990, PART VI, SECTION A, LINE 7B AT EVERY MEETING OF THE MEMBERSHIP, EACH MEMBER SHALL HAVE THE RIGHT TO CAST ONE VOTE ON EACH QUESTION. THE VOTE OF THE MAJORITY OF THOSE PRESENT SHALL DECIDE ANY QUESTION BROUGHT BEFORE SUCH MEETING, UNLESS THE QUESTION IS ONE UPON WHICH, BY LAW, THE ARTICLES OF INCORPORATION OR THE BY-LAWS, A DIFFERENT VOTE IS REQUIRED, IN WHICH CASE SUCH EXPRESS PROVISIONS SHALL GOVERN AND CONTROL. IN ADDITION, A NOTICE SHALL BE GIVEN TO THE MEMBERS OF THE CORPORATION, WHICH NOTICE SHALL INCLUDE A STATEMENT OF PROPOSED AMENDMENTS, BY THE BOARD OF DIRECTORS FOR THE MEMBERS' APPROVAL OF THE PROPOSED AMENDED BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990 IS PROVIDED ELECTRONICALLY BY EMAIL TO THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED. THE BOARD OF DIRECTORS REVIEWS AND PROVIDES FEEDBACK ON THE 990. THE FEEDBACK IS REVIEWED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ABFE HAS A CONFLICT OF INTEREST POLICY THAT APPLIES TO THE BOARD OF DIRECTORS AND OFFICERS. EACH MEMBER OF THE BOARD OF DIRECTORS MUST SIGN THE ORGANIZATION'S CONFLICT OF INTEREST STATEMENT UPON BECOMING A BOARD MEMBER. IN ADDITION, SITTING BOARD MEMBERS AND OFFICERS MUST ANNUALLY SIGN THE CONFLICT OF INTEREST STATEMENT AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST FOR EACH YEAR THAT THEY ARE ON THE BOARD. BOARD MEMBERS ARE ALSO ASKED TO PRESENT ANY CONFLICT OF INTEREST DURING THEIR FIRST REGULAR BOARD MEETING OF THE YEAR. ANY CONFLICT OF INTEREST NOTED WILL BE REVIEWED BY THE PRESIDENT, CHAIR, AND OTHER MEMBERS OF THE BOARD OF DIRECTORS AND IS HANDLED ON A CASE-BY-CASE BASIS, WHICH IS RECORDED IN THE BOARD MEETING MINUTES. IF AN ACTUAL CONFLICT EXISTS, INTERESTED PARTY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISION ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE SALARY RANGE FOR THE CEO WAS SET BY THE EXECUTIVE COMMITTEE BASED ON A SURVEY OF NONPROFIT EXECUTIVE SALARIES IN ORGANIZATIONS OF SIMILAR SIZE (BUDGET AND STAFF) IN THE NYC METROPOLITAN REGION. THE EXECUTIVE COMMITTEE'S ANNUAL ASSESSMENT OF THE PRESIDENT'S PERFORMANCE IS USED TO DETERMINE SALARY ADJUSTMENTS AND SALARY SURVEYS, INCLUDING SALARY DATA FOR SIMILAR ORGANIZATIONS IN THE NON-PROFIT SECTOR, ARE USED TO DETERMINE STAFF SALARIES. THIS PROCESS WAS LAST UNDERTAKEN IN 2017 AND DOCUMENTED IN THE BOARD MINUTES. THE PERFORMANCE EVALUATIONS AND COMPENSATION OF SENIOR STAFF IS DETERMINED BY THE PRESIDENT & CEO. FORM 990, PART VI, SECTION C, LINE 19 ABFE MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON GUIDESTAR.ORG AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, FORM 990, AS WELL AS THE FINANCIAL STATEMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT 42 BROADWAY, NEW YORK, NY 10004. FORM 990, PART IX, LINE 11G PROGRAM CONSULTING FEES: PROGRAM SERVICE EXPENSES 330,095. MANAGEMENT AND GENERAL EXPENSES 5,265. FUNDRAISING EXPENSES 22,906. TOTAL EXPENSES 358,266. DEVELOPMENT CONSULTING FEES: PROGRAM SERVICE EXPENSES 39,362. MANAGEMENT AND GENERAL EXPENSES 427. FUNDRAISING EXPENSES 1,859. TOTAL EXPENSES 41,648. PAYROLL SERVICE FEES: PROGRAM SERVICE EXPENSES 10,237. MANAGEMENT AND GENERAL EXPENSES 2,410. FUNDRAISING EXPENSES 2,894. TOTAL EXPENSES 15,541. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 11,800. MANAGEMENT AND GENERAL EXPENSES 128. FUNDRAISING EXPENSES 557. TOTAL EXPENSES 12,485. STRATEGIC/EVENT DEVELOPMENT MGMT: PROGRAM SERVICE EXPENSES 155,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 155,000. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS HAS THE RESPONSIBILITY FOR OVERSIGHT AND REVIEW OF FINANCIAL STATEMENTS AND THE SELECTION OF INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.