2018-09-28T13:39:23-05:00 2017-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 191037341 990 2017-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 JOHN FRANZINO VP/CFO 8454461500 2018-09-25 1 JULIUS C GREEN CPA P00350393 2159720701 96.89.178.154 2018-09-25 15:51:15 ED P AAD235D504C2444AEC74171655760D719365F2AA 9D0D8DD59390B7764A3ECE0F40BBFE3618018605 2017 2018-06-14 16:35:46Z WEST POINT ASSOC OF GRADUATES TODD A BROWNE HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 166011185 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 17 17 143 71 342676 102085 39550040 39195141 1283372 1455592 6464808 11737012 1504280 1599976 48802500 53987721 42158662 34483913 0 0 9007145 9396168 270000 249950 7008802 4919431 5164380 56355238 49294411 -7552738 4693310 390819768 428803657 36620885 30643328 354198883 398160329 THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 34695979 34483913 0 EDUCATIONAL AND HISTORICAL: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION FOR THE "MARGIN OF EXCELLENCE". INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF STATE OF THE ART FACILITIES TO SUPPORT CADET ATHLETICS AND CLUBS AND ENHANCEMENTS TO THE GROUNDS OF USMA, A NATIONAL LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL "MARGIN OF EXCELLENCE" FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. 2459291 0 2254994 ALUMNI SERVICES: ENCOMPASSES ACTIVITIES AND SERVICES PROVIDED FOR GRADUATES INCLUDING SUPPORT TO THE UNITED STATES MILITARY ACADEMY ALUMNI CLASSES AND SOCIETIES, GRADUATE EVENTS, CAREER SERVICES, THE MAINTENANCE OF DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF THE UNITED STATES MILITARY ACADEMY AND INCLUDES THE OPERATIONS OF THE GIFT SHOP. 1177167 0 261786 COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF THE ASSOCIATION'S WEST POINT MAGAZINE WHICH IS PUBLISHED QUARTERLY AND PROVIDED TO OVER 48,000 GRADUATES FREE OF CHARGE. 38332437 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 50 0 1 143 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X X JOHN FRANZINO VPCFO 8454661500 HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 LARRY R JORDAN CHAIRMAN 12.00 X X 0 0 0 ELLEN W HOULIHAN VICE CHAIRMAN 12.00 X X 0 0 0 JOSEPH E DEFRANCISCO DIRECTOR 7.00 X 0 0 0 GEORGE H GILMORE JR DIRECTOR 7.00 X 0 0 0 JAMES A HOFFMAN DIRECTOR 7.00 X 0 0 0 WILLIAM D ROGERS DIRECTOR 7.00 X 0 0 0 DEIRDRE P DIXON DIRECTOR 7.00 X 0 0 0 JOHN H NORTHROP DIRECTOR 7.00 X 0 0 0 KIM M CAMPBELL DIRECTOR 7.00 X 0 0 0 JAMES Z WARTSKI DIRECTOR 7.00 X 0 0 0 CHARLES C CORRELL DIRECTOR 7.00 X 0 0 0 STANLEY J SHIPLEY DIRECTOR 7.00 X 0 0 0 JEFFREY A SORENSON DIRECTOR 7.00 X 0 0 0 ARCHIE ELAM DIRECTOR 7.00 X 0 0 0 CLYDE A SELLECK DIRECTOR 7.00 X 0 0 0 HERMAN E BULLS DIRECTOR 7.00 X 0 0 0 JOHN M ROBB DIRECTOR 7.00 X 0 0 0 TODD A BROWNE PRESIDENT/CEO 40.00 X 302886 0 22124 DARWIN HAINES VICE PRESIDENT & COO 40.00 X 196292 0 436 CARL MOCCIA VICE PRESIDENT & CFO (TERM 1/31/17) 40.00 X 64116 0 2653 JOHN FRANZINO VICE PRESIDENT & CFO (BEGIN 1/31/17) 40.00 X 172626 0 6444 JAMES JOHNSTON CORPORATE SECRETARY (TERM 6/30/2017) 40.00 X 97537 0 5839 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 40.00 X 254499 0 38000 EUGENE CORRIGAN PRESIDENT/COO WP ATHLETICS 40.00 X 126923 0 0 RICHARD HUH VICE PRESIDENT, ALUMNI SUPPORT 40.00 X 147624 0 28873 MICHAEL WHITE DIRECTOR OF MAJOR GIFTS 40.00 X 139870 0 23581 RICHARD FRENCH VICE PRESIDENT OF IT 40.00 X 128600 0 9698 ELIZABETH A BARRETT VICE PRESIDENT OF COMMUNICATIONS 40.00 X 127312 0 9703 1758285 0 147351 19 0 1 0 CONSIGLI CONSTRUCTION NY LLC 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION 12728755 CLARK COMPANIES PO BOX 427 DELHI NY 13753 CONSTRUCTION 3491474 STEVE FELDMAN DESIGN LLC 4915 ST ELMO AVE SUITE 304 BETHESDA MD 20814 DESIGN DEVELOPMENT 3130332 WHISPERING PINES DEVELOPMENT CORP PO BOX 716 VAILS GATE NY 12584 CONSTRUCTION 1380350 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE IMPLEMENT., CONSULTING 698486 21 39195141 6381121 39195141 ALUMNI SERVICES 561520 646758 624944 21814 PUBLICATION SALES 511190 261786 59367 202419 ALUMNI EVENTS 900099 251517 251517 CREDIT CARD PROCESSING 900099 231031 231031 SPONSORSHIPS 900099 64500 64500 1455592 6156359 118443 6037916 538788 538788 116483880 110903227 5580653 5580653 5580653 2181425 1120237 1061188 1061188 53987721 2292547 342676 12157357 33858841 33858841 565365 565365 59707 59707 1160898 597712 563186 6705168 2017004 1127050 3561114 327962 94970 64643 168349 602293 163296 91268 347729 599847 164586 139561 295700 11606 11606 76809 797 72129 3883 68967 68967 249950 249950 375273 375273 202784 50093 79419 73272 17156 8267 7720 1169 1291196 552172 72033 666991 642646 99009 395477 148160 65013 40515 24498 148905 46680 63974 38251 863261 281173 91334 490754 566920 566920 82994 82994 DONOR CULTIVATION 380080 5852 34157 340071 MANUFACTURING/DISTRIB. 185124 185124 REIMBURSED COSTS 123849 123849 OTHER 61797 15137 22541 24119 49294411 38332437 3953172 7008802 5173882 14151500 20160863 15496043 24963 69950 406660 370876 97422 104030 13891864 6478860 7209300 7413004 284039885 318360924 52765298 51091909 20941495 21745421 390819768 428803657 2523542 3146407 22464156 15513225 4202024 4077560 7431163 7906136 36620885 30643328 X 36158947 44721643 147520914 172101119 170519022 181337567 354198883 398160329 390819768 428803657 X 4693310 37409577 1858559 X 0 1 X 1 0 X 42981943 40673658 37668915 39550040 39195141 200069697 42981943 40673658 37668915 39550040 39195141 200069697 7852206 192217491 3287146 3447104 5246190 4609937 6576704 23167081 293203 111870 174160 106522 685755 223922533 17186695 0.85840 0.86680 X 226902675 4814661 33511484 4557216 -5423864 266095468 207742285 8311499 10353793 4976656 -5474254 2500 226902675 198523726 11324199 -2364732 4289226 -4550818 2500 207742285 184055446 10219112 7477810 4369057 -1142915 2500 198523726 146017738 8428890 26860015 4028408 -6779711 2500 184055446 0.05780 0.68140 0.26080 0 0 11273612 5729360 5544252 956852 346364 610488 1661400 403136 1258264 7413004 47389614 F OTHER INVESTMENTS 3702295 F 51091909 SPLIT INTEREST TRUSTS 21745421 21745421 DEFERRED COMPENSATION 633213 REMAINDER TRUSTS 4719685 DUE TO CLASSES 2553238 7906136 X 92023819 37409577 -375273 37034304 54989515 -1001794 -1001794 53987721 48062373 -856765 -856765 48919138 375273 375273 49294411 PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. PART V, LINE 1E: THIS REPRESENTS TRANSFERS OF TEMPORARILY RESTRICTED GIFTS TO PERMANENTLY RESTRICTED ENDOWMENTS TO COMPLY WITH THE DONORS' INTENT. PART X, LINE 2: THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THE ASSOCIATION EARNS REVENUES FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED UNRELATED BUSINESS TAXABLE INCOME UNDER THE INTERNAL REVENUE CODE. IN BOTH 2017 AND 2016, HOWEVER, UNRELATED BUSINESS INCOME (NET OF APPLICABLE EXPENSES) RESULTED IN NO MATERIAL TAX EXPENSE. THE ASSOCIATION BELIEVES THAT THERE ARE NO OTHER TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX EXPENSES OR BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL OR STATE INCOME TAX RETURNS IS CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES -375,273. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -1,120,237. UBI GAIN FROM PARTNERSHIP INVESTMENTS 118,443. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,120,237. RECOVERY OF UNCOLLECTIBLE PLEDGES -1,977,002. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 375,273. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 32094417 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES SCHOLARSHIP 3343 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 48032 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES SCHOLARSHIP 1500 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES SCHOLARSHIPS 54864 0 0 0 0 0 0 32202156 0 32202156 SCHOLARSHIP EAST ASIA AND THE PACIFIC 1 3343 CHECK 0 CASH SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) 2 54864 WIRE TRANSFER 0 CASH SCHOLARSHIP MIDDLE EAST AND NORTH AFRICA 1 1500 CHECK 0 CASH 1 0 1 0 1 0 PART I, LINE 2: THE ASSOCIATION PROVIDES CERTAIN GRANTS TO CAPTAINS AND MAJORS IN THE ARMY FOR ADVANCED EDUCATION, LANGUAGE, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATTING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS. PROPER USE OF FUNDS IS MONITORED VIA THE STUDENTS' COMPLETION OF THE GRADUATE PROGRAMS. SCHEDULE F, PART IV, LINES 3 & 5: THE INVESTMENTS DID NOT MEET THE THRESHOLDS FOR FILING FORMS 5471 AND 8865. X X X X X 0 CATAPULT-ADVANTAGE 2520 ST ROSE PARKWAY SUITE 217 HENDERSON NV 89074 PHONE & MAIL 0 1437831 249950 1187881 1437831 249950 1187881 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 61964 CASH N/A MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 83604 CASH N/A USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 2000 COMPARABLE - WEBSITE POSTERS DEPICTING GENERALS USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 1692 COST TRAVEL AND ENTERTAINMENT USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 653 COST BOUND LEDGERS USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 15044259 300 COMPARABLE - WEBSITE (4) 1930S DANCE CARDS FOR LIBRARY CADET FACILITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 5427803 4000 FMV MAPS FOR SENTINEL PUBLICATION CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 116227 COST TRAVEL AND ENTERTAINMENT CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 4720 COST TRAINING AND EQUIP - CEMENT & DE - 1 SOC BOARDS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 21400 COST TRAINING AND EQUIP - 2 POLARIS MR2R-D VEHICLES CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 580 COST TECHNOLOGY - MOTHER BOARDS/CPU'S CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 8000 COST TRAINING - 10 CADETS TO EECS DEPT CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 6545147 7100 COMPARABLE - WEBSITE ART - PAINTING & LITHOGRAPHS CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 29814 COST TRAVEL & ENTERTAINMENT CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 21750 COMPARABLE - WEBSITE BOOKS & PUB - WESTLAW LEGAL RESEARCH SUBSCRIP. & NETWORK SECURITY BOOKS CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 7000 COST TRAINING - RADIO EQUIPMENT CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 34900 COST TRAINING - PISTOLS CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 11245 COST EQUIPMENT - TEAM EQUIP REPAIRS & SERVICE & TEAM UNIFORMS CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 2425 COST TIME CAPSULE, COINS, MISC CADET ACTIVITES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 590 COST BOOKS & PUB - GRE PREP BOOKS FOR BS&L CADET ACTIVITES ARMY WEST POINT ATHLETIC ASSOCIATION INC 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(C)(3) 6421668 CASH N/A CADET ACTIVITES 2 0 SCHOLARSHIPS 70 565365 0 CASH N/A PART I, LINE 2: THE ASSOCIATION PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION RELIES ON USMA TO MONITOR THE USE OF THESE GRANT FUNDS. CERTAIN SCHOLARSHIPS (PRIMARILY TO PREP SCHOOLS) ARE PROVIDED TO CAREFULLY SELECTED AND HIGHLY MOTIVATED YOUNG PEOPLE SEEKING ADMISSION TO USMA. STUDENTS MUST HAVE ALL QUALIFICATIONS DETERMINED BY THE ADMISSIONS COMMITTEE TO BE CONSIDERED FOR A SCHOLARSHIP. STUDENTS WHO ACCEPT THESE SCHOLARSHIPS MUST PERFORM TO USMA-SET STANDARDS DURING THE SCHOLARSHIP PERIOD TO BE ACCEPTED AT USMA AT THE END OF THE SCHOLARSHIP PERIOD. FURTHER, OTHER GRANTS ARE AWARDED TO CAPTAINS AND MAJORS IN THE REGULAR ARMY FOR ADVANCED EDUCATION, LANGUAGE SKILLS, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATTING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. X 1 1 X X X X 1 0 0 0 0 0 0 1 0 TODD A BROWNE PRESIDENT/CEO 275386 0 27500 0 0 0 20625 0 1499 0 325010 0 0 0 DARWIN HAINES VICE PRESIDENT & COO 196292 0 0 0 0 0 0 0 436 0 196728 0 0 0 JOHN FRANZINO VICE PRESIDENT & CFO (BEGIN 1/31/17) 172626 0 0 0 0 0 0 0 6444 0 179070 0 0 0 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 246499 0 8000 0 0 0 18738 0 19262 0 292499 0 0 0 RICHARD HUH VICE PRESIDENT, ALUMNI SUPPORT 123078 0 3500 0 21046 0 9614 0 19259 0 176497 0 0 0 MICHAEL WHITE DIRECTOR OF MAJOR GIFTS 133870 0 6000 0 0 0 9933 0 13648 0 163451 0 0 0 PART I, LINE 1A WPAOG PAYS SOCIAL CLUB MEMBERSHIP DUES FOR THE PRESIDENT & CEO TO ATTEND BUSINESS FUNCTIONS. WPAOG REQUIRES THE MEMBERSHIP SO THAT IT MAY USE THE CLUB'S FACILITIES FOR BUSINESS MEETINGS. THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION SINCE THEY ARE BUSINESS RELATED. PART I, LINE 4A ONE OF THE ORGANIZATION'S HIGHEST COMPENSATED EMPLOYEES RECEIVED A SEVERANCE PAYMENT IN 2017. PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT. X 5 9400 WEBSITE/COMPARABLE VALUE X 26640 COST/COMPARABLE VALUE X 142 6106725 NYSE VALUE X TRAVEL & ENT. 24 147733 COST X TRAINING ITEMS 11 87265 COST X MISCELLANEOUS 3 2778 COST X TECHNOLOGY 1 580 COST 0 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY APPROXIMATES 52,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE CHAIRMAN, VICE-CHAIRMAN AND THE DIRECTORS OF THE BOARD, ALL OF WHOM CONSTITUTE THE BOARD OF DIRECTORS OF THE ASSOCIATION, AS WELL AS RATIFYING BY-LAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. SUBSEQUENTLY, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES UPON HIRING. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSIONS BY THE ETHICS COMMITTEE, AND BOARD OF DIRECTORS REGARDING THE MATTER, AS WELL AS FROM ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 IN 2015, 2011 AND 2008, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") UTILIZED AN OUTSIDE HUMAN RESOURCES/COMPENSATION CONSULTANT TO DO A FULL REVIEW OF SALARIES AND PROVIDE FEEDBACK RELATING TO THEIR APPROPRIATENESS RELATIVE TO OUR PARTICULAR MARKET. THIS CONSULTANT ALSO REVIEWED THE SALARIES OF THE PRESIDENT, VICE PRESIDENTS, OTHER OFFICERS AND MOST EMPLOYEES TO ENSURE THAT THEY WERE WITHIN LEVELS CONSISTENT WITH THE MARKET. THE HR DEPARTMENT CONFERS WITH A COMPENSATION CONSULTANT ANNUALLY TO DISCUSS SALARY RANGES AND ANY CHANGES THAT MAY BE NECESSARY DUE TO INFLATION OR THE CREATION OF A NEW POSITION. OUR COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES ANNUALLY TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMPENSATION COMMITTEE THEN MEETS WITH THE BOARD IN AN EXECUTIVE SESSION, AND THEIR DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UBI INCOME FROM PARTNERSHIP INVESTMENTS -118,443. RECOVERY OF UNCOLLECTIBLE PLEDGES 1,977,002. LGL REAL ESTATE FOUNDATION LLC BLDG 698 HERBERT HALL MILLS ROAD WEST POINT NY 10996 134265639 REAL ESTATE HOLDING NY 0 0 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WEST POINT ATHLETICS LLC BLDG 698 HERBERT HALL MILLS ROAD WEST POINT NY 10996 320434673 PROGRAM DESIGN & DEVELOPMENT NY 0 37588 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY