2017-11-06T11:04:26-08:00 2016-12-31 Lane & Company CPAs 1717 Pennsylvania Avenue NW Suite 4 Washington DC 20006 990 2016-01-01 870792910 AMERICAN INVESTMENT COUNCIL AMER 2024657700 799 9TH STREET NW WASHINGTON DC 20001 MICHAEL SOMMERS PRESIDENT & CEO 2024657700 2017-11-03 true ROBERT E LANE 2024636500 2017-11-03 X 208.82.213.94 2017-11-06 11:04:15 PS P 08CFD1AD8CBCC6749B8F9123897879BF0476B103 08CFD1AD8CBCC6749B8F9123897879BF0476B103 2016 2017-02-10 21:41:12Z MICHAEL SOMMERS 7799 9TH STREET NW WASHINGTON DC 20001 7785476 false X WWW.INVESTMENTCOUNCIL.ORG X 2007 DC WE ADVANCE ACCESS TO CAPITAL, JOB CREATION, RETIREMENT SECURITY, INNOVATION, AND ECONOMIC GROWTH IN THE UNITED STATES BY PROMOTING RESPONSIBLE LONG-TERM INVESTMENT. 16 15 12 16 0 575000 0 7687495 7587069 18122 23107 175300 8280617 7785476 0 0 4358140 3900275 0 0 3594212 3853819 7952352 7754094 328265 31382 6161611 7080508 3500656 4388171 2660955 2692337 WE ADVANCE ACCESS TO CAPITAL, JOB CREATION, RETIREMENT SECURITY, INNOVATION, false false THE GOVERNMENT AFFAIRS DEPARTMENT CONCENTRATED ITS EFFORTS ON THESE AREAS: PRIVATE EQUITY TAX POLICY; DODD-FRANK ACT RULEMAKING AND IMPLEMENTATION; AND OTHER REGULATORY ISSUES IN THE UNITED STATES AND AROUND THE WORLD. IT CONTINUED TO OPPOSE LEGISLATION TO INCREASE TAXES ON CARRIED INTEREST AND ENTERPRISE VALUE. IT ALSO CONTINUED TO SUPPORT MAINTAINING FULL INTEREST DEDUCTIBILITY AND PRESERVING PASS-THROUGH TAXATION. IN ADDITION, THE AIC REMAINED VERY ACTIVE ON REGULATORY ISSUES. THE GOVERNMENT AFFAIRS DEPARTMENT EXPANDED THE COUNCIL'S PORTFOLIO COMPANY INITIATIVE, WHICH FACILITATED VISITS BETWEEN MEMBERS OF CONGRESS AND THE CEOS OF SUCCESSFUL PRIVATE EQUITY BACKED COMPANIES. THE PUBLIC AFFAIRS DEPARTMENT PRODUCES CONTENT AND PUBLIC AWARENESS CAMPAIGNS TO COMMUNICATE THE BENEFITS OF THE PRIVATE EQUITY INDUSTRY TO STAKEHOLDERS. THE TEAM MAINTAINS WORKING RELATIONSHIPS WITH FINANCIAL REPORTERS AND RESPONDS TO MEDIA REQUESTS, AND IS RESPONSIBLE FOR UPDATES ON THE AIC'S WEBSITE AND SOCIAL MEDIA CHANNELS. THE MEMBER SERVICES DEPARTMENT BUILT UPON PAST SUCCESSES AND CONTINUED THE DEVELOPMENT OF OUR OFFERINGS FOR MEMBERS. ASIDE FROM THE OTHER BENEFITS OF MEMBERSHIP, THE COUNCIL PRODUCED OVER 25 MEMBER EVENTS OR CALLS DURING 2016. THESE RANGED FROM EDUCATIONAL SEMINARS TO NETWORKING EVENTS TO COMMITTEE ACTIVITIES. false false false false true false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true true true false true 21 0 true 12 true false false false false false false X 16 15 false false false false true true false true true false false false true true true true true true true false X MICHAEL SOMMERS 2024657700 799 9TH STREET NW STE 200 WASHINGTON DC 20001 KEVIN ALBERT DIRECTOR 1.00 X 0 0 0 MICHAEL BERK DIRECTOR 1.00 X 0 0 0 WAYNE BERMAN DIRECTOR 1.00 X 0 0 0 GLENN CREAMER DIRECTOR 1.00 X 0 0 0 GORDON GOLDSTEIN DIRECTOR 1.00 X 0 0 0 STEPHEN HOEY DIRECTOR 1.00 X 0 0 0 STEVEN KLINSKY DIRECTOR 1.00 X 0 0 0 DAVID MARCHICK DIRECTOR 1.00 X 0 0 0 CHRISTIAN MCGRATH DIRECTOR 1.00 X 0 0 0 ROSS OLIVER DIRECTOR 1.00 X 0 0 0 RICHARD SCHIFTER DIRECTOR 1.00 X 0 0 0 JOHN SUYDAM DIRECTOR 1.00 X 0 0 0 MARK TRESNOWSKI DIRECTOR 1.00 X 0 0 0 PATRICIA WINTON DIRECTOR 1.00 X 0 0 0 KENNETH MEHLMAN CHAIRMAN 1 X X MICHAEL SOMMERS PRESIDENT & CEO 40 X X 873017 676750 JOHN STEVEN JUDGE FORMER PRESIDENT & CEO 0 X 800000 JENNIFER COLFELT TREASURER (END AUG 2016), V.P. FIN, OPS, & MEMBERS 40 X 371823 43405 ROBERT LANE TREASURER (START SEPT 2016) 1 X 25625 JASON MULVIHILL SECRETARY, GENERAL COUNSEL 40 X 478071 63448 BRONWYN BAILEY V.P. RESEARCH & INVESTOR RELATIONS 40 X 364997 52010 JAMES MALONEY V.P. PUBLIC AFFAIRS 40 X 170428 28583 MARIE D FENTON MANAGER, MEMBERSHIP & EVENTS 40 X 104342 28042 HEATH HALL DIRECTOR, GRASSROOTS & GOV'T AFFAIRS 40 X 141815 49348 NEGRA HUSIKIC DIRECTOR, FINANCE & OPERATIONS 40 X 102203 21992 3432321 963578 9 true true false AKIN GUMP STRAUSS HAUER & FELD 1700 PACIFIC AVE STE 4100 DALLAS TX 75201 LEGAL & GOV'T AFFAIRS 767822 HAMILTON PLACE STRATEGIES LLC 805 15TH ST NW 200 WASHINGTON DC 20005 PUBLIC AFFAIRS 439185 DEBEVOISE & PLIMPTON LLP 919 THIRD AVE NEW YORK NY 10022 LEGAL SERVICES 390000 CAPITOL TAX PARTNERS 101 CONSTITUTION AVE NW STE 675 WASHINGTON DC 20001 GOV'T AFFAIRS 240000 4 MEMBERSHIP DUES 900099 7585569 SPONSORSHIP INCOME 900099 1500 7587069 23107 23107 22800 22800 22800 22800 INSURANCE PROCEEDS 900099 152500 152500 152500 7785476 7587069 198407 2506513 1034477 57479 186790 115016 107813 94007 385000 1681227 1811 110748 113008 527885 206908 154484 145765 10979 RESEARCH & SUBSCRIPTIONS 179377 PAC ADMINISTRATION FEES 50903 TRAINING/PAYROLL ADMIN. 45219 REBRANDING 33307 5378 7754094 2687552 5037852 3294419 8107 408 30581 119913 1191538 405301 915951 786237 169120 191979 6161611 7080508 1379907 827969 1465000 2120749 2095202 3500656 4388171 X 2450955 2692337 210000 2660955 2692337 6161611 7080508 31382 X false true X true false false false true 7585569 1009024 -104835 904189 1046808 -142619 715376 122761 592615 469829 277168 192661 6333 5372 961 786237 DUE TO FOUNDING MEMBERS 914229 DEFERRED RENT 473582 DEFERRED LEASE INCENTIVE 608000 DEFERRED COMPENSATION PLAN 99391 2095202 X Pt X, Line 2 U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY AIC AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF AIC HAS TAKEN AN UNCERTAIN TAX POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. AIC HAS DOCUMENTED ITS CONSIDERATION OF ITS UNCERTAIN TAX POSITIONS AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X true true X X X X X true false false MICHAEL SOMMERS 873017 644500 32250 1549767 JOHN STEVEN JUDGE 800000 800000 JENNIFER COLFELT 166313 205510 18564 24841 415228 JASON MULVIHILL 328071 150000 26500 36948 541519 BRONWYN BAILEY 284997 80000 26500 25510 417007 JAMES MALONEY 130428 40000 16499 12084 199011 HEATH HALL 106815 35000 12980 36367 191162 Pt I Line 4a JOHN STEVEN JUDGE RECEIVED AN $800,000 SEVERANCE PAYMENT. JENNIFER COLFELT RECEIVED A $205,510 SEVERANCE PAYMENT. Pt VI, Line 6 AIC HAS SIX CLASSES OF MEMBERS: PRINCIPAL, GENERAL, FUND OF FUNDS, SUPPORTING, ASSOCIATE, AND HONORARY MEMBERS. MEMBERS CONSIST OF: PRIVATE EQUITY AND GROWTH CAPITAL FIRMS, FUND OF FUNDS, AND INDUSTRY SERVICE PROVIDERS. PRINCIPAL MEMBERS HAVE AN AUTOMATIC SEAT ON THE BOARD OF DIRECTORS. GENERAL MEMBERS AND FUND OF FUNDS MEMBERS ELECT DIRECTORS TO THE BOARD. Pt VI, Line 7a A PORTION OF AIC'S MEMBERSHIP ELECTS 4 DIRECTORS TO THE BOARD. Pt VI, Line 11b THE COUNCIL DOES NOT PROVIDE A COPY OF THE FORM 990 TO THE GOVERNING BODY BEFORE FILING. IT IS REVIEWED AND APPROVED BY THE CEO. Pt VI, Line 12c ANNUALLY, THE COUNCIL REQUIRES DIRECTORS AND KEY EMPLOYEES TO COMPLETE A QUESTIONNAIRE SEEKING THE IDENTIFICATION OF CONFLICTS OF INTEREST. IF A CONFLICT IS IDENTIFIED DURING THIS PROCESS, THE COUNCIL SEEKS ADVISEMENT BY OUR CORPORATE COUNSEL AS WELL AS OUR TAX COUNSEL IN ORDER TO PROPERLY IDENTIFY, RESOLVE, DOCUMENT, AND REPORT THESE RELATIONSHIPS. Pt VI, Line 15a IN DETERMINING THE CEO'S COMPENSATION, THE COUNCIL RETAINED AN OUTSIDE COMPENSATION CONSULTANT TO PROVIDE A MARKET-BASED COMPENSATION SURVEY TO THE GOVERNING BOARD. THE MOST RECENT REVIEW FOR THE CEO'S COMPENSATION WAS COMPLETED IN DECEMBER 2015. THE RESULTS OF THE BOARD REVIEW WERE DOCUMENTED IN AN EMPLOYMENT CONTRACT. Pt VI, Line 15b IN DETERMING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES, COMPENSATION IS BASED ON A SURVEY PROVIDED BY THE OUTSIDE COMPENSATION CONSULTANT, ASSESSING COMPARABLE POSITIONS IN COMPARABLE ORGANIZATIONS. THE BOARD HAS FINAL APPROVAL OVER COMPENSATION. Pt VI, Line 19 THE COUNCIL DOES NOT MAKE THE DOCUMENTS AVAILABLE. AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE 799 9TH STREET NW 200 WASHINGTON DC 20001 352406451 POLITICAL ACTION COMMITTEE DC 527 N/A AIC true false false false false false false false false false false false false false false false true false false false AMERICAN INVESTMENT COUNCIL POLITICAL ACTION COMMITTEE p 50903 FMV