2017-11-03T15:35:27-05:00 2016-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2016-01-01 300126510 CENTER FOR AMERICAN PROGRESS CENT 2026821611 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 SHANE BATEMAN SVP, CFO 2026821611 2017-11-03 1 FRANK H SMITH P00639053 2028225000 2017-11-03 207.238.152.3 2017-11-03 16:35:16 ED P FFA2BC33170E4325356C19B39EDBBFEB056B45D7 D8B48308BC061A0DC07B446220B2988984B4F8A7 2016 2018-03-14 21:41:22Z SHANE BATEMAN 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 41165575 0 X WWW.AMERICANPROGRESS.ORG X 2002 DC NON-PARTISAN RESEARCH AND EDUCATION DEDICATED TO ADVANCING PROGRESSIVE POLICY IDEAS. 12 10 367 11 0 0 49778104 40506676 41334 90570 57105 67177 297733 302230 50174276 40966653 7661759 6212309 0 0 25285829 23184863 0 0 1037629 14405273 11038471 47352861 40435643 2821415 531010 55668101 56129436 6778991 6709316 48889110 49420120 X THE CENTER FOR AMERICAN PROGRESS (CAP) IS AN INDEPENDENT NON-PARTISAN POLICY INSTITUTE THAT IS DEDICATED TO IMPROVING THE LIVES OF ALL AMERICANS, THROUGH BOLD, PROGRESSIVE IDEAS, AS WELL AS STRONG LEADERSHIP AND CONCERTED ACTION. OUR AIM IS NOT JUST TO CHANGE THE CONVERSATION, BUT TO CHANGE THE COUNTRY. 0 1 20018683 1206712 90570 POLICY PROGRAMS: PUBLIC POLICY RESEARCH AND ANALYSIS WAS CONDUCTED IN AREAS OF ENERGY AND THE ENVIRONMENT, EDUCATION, HEALTH CARE, IMMIGRATION, OPEN GOVERNMENT, POVERTY, LGBT RIGHTS, AND WOMEN'S RIGHTS. IN ADDITION, THE ECONOMIC POLICY TEAM CONDUCTED PROJECTS RELATING TO MIDDLE CLASS ECONOMICS, TAX FAIRNESS, HOUSING, AND POST-SECONDARY EDUCATION. CAP'S NATIONAL SECURITY TEAM WORKED ON PROJECTS RELATING TO CHINESE AND MIDDLE EASTERN RELATIONS WITH THE U.S. 6207436 3943250 EXTERNAL RELATIONS: THE EXTERNAL RELATIONS DEPARTMENT ENGAGED IN EDUCATION OF THE PUBLIC, POLICYMAKERS, OPINION LEADERS AND ADVOCATES REGARDING PUBLIC POLICY THROUGH A WIDE ARRAY OF DISSEMINATION CHANNELS, INCLUDING FAITH COMMUNITIES, CAMPUS ORGANIZATIONS, PRINT, AND ONLINE MEDIA. 5579398 1063947 COMMUNICATIONS: THE COMMUNICATIONS TEAM EDUCATED THE PUBLIC AND ASSISTED THE WORK OF POLICY TEAMS BY PROVIDING PRESS, COMMUNICATIONS, AND EVENTS SUPPORT. 1391494 ART AND EDITORIAL 1337286 EXECUTIVE OFFICE 847539 -1600 GENERATION PROGRESS 57413 OTHER PROGRAMS 3633732 -1600 35439249 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 273 0 1 367 1 0 0 0 0 0 1 1 0 0 0 0 X 12 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CA CT FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OK OR PA RI SC TN UT VA WA WV WI X SHANE BATEMAN 2027416276 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 SECRETARY MADELEINE ALBRIGHT DIRECTOR 1.00 X 0 0 0 CAROL BROWNER DIRECTOR 1.00 X 0 0 0 SENATOR TOM DASCHLE DIRECTOR 1.00 X 0 0 0 GLENN HUTCHINS DIRECTOR 1.00 X 0 0 0 JONATHAN LAVINE DIRECTOR 1.00 X 0 0 0 JOHN PODESTA DIRECTOR 1.00 X 0 0 0 SUSAN SANDLER DIRECTOR 1.00 X 0 0 0 TOM STEYER DIRECTOR 1.00 X 0 0 0 DONALD SUSSMAN DIRECTOR 1.00 X 0 0 0 JOSE VILLARREAL DIRECTOR 1.00 X 0 0 0 HANSJORG WYSS DIRECTOR 1.00 X 0 0 0 NEERA TANDEN PRESIDENT 37.00 X X 314550 0 41864 CARMEL MARTIN EVP AND TREASURER 38.00 X 227619 0 31876 ALEX DEMOTS GENERAL COUNSEL AND SECRETARY 34.00 X 146468 0 24124 SHANE BATEMAN SVP, CFO - AS OF 05/2016 35.00 X 101715 0 17080 TOREY CARTER-CONNEEN SVP, CFO - UNTIL 05/2016 35.00 X 68705 0 7245 JOHN NORRIS EXEC. DIR., SUSTAIN. SEC. & PEACEBLD 40.00 X 203997 0 24666 WINNIE STACHELBERG EVP, EXTERNAL AFFAIRS 36.00 X 200989 0 23706 GREG DOTSON VP, ENERGY 40.00 X 189768 0 26796 MARC JARSULIC VP, ECONOMIC POLICY 40.00 X 188412 0 11347 BRIAN DEMARCO VP, DEVELOPMENT 39.00 X 184568 0 15741 1826791 0 224445 78 0 1 0 COMPUTER WORLD PROCESSING SYSTEMS PO BOX 37567 BALTIMORE MD 21297 IT CONSULTING 274124 HART RESEARCH ASSOCIATES 1724 CONNECTICUT AVENUE NW WASHINGTON DC 20009 PUBLIC OPINION POLL 251200 CATHLEEN KELLY 8 PINE AVENUE TAKOMA PARK MD 20912 POLICY CONSULTANT 200547 GBA STRATEGIES 1901 L STREET NW SUITE 300 WASHINGTON DC 20036 PUBLIC OPINION RESEARCH 177500 CHRIS WAYNE & ASSOCIATES 1054 31ST STREET NW SUITE 310 WASHINGTON DC 20018 EVENTS PRODUCTION 152710 8 647150 39859526 354588 40506676 PROGRAM SERVICE INCOME 900099 75125 75125 CONSULTING 900099 15445 15445 90570 67177 67177 31350 647150 198922 -167572 -167572 SUBLEASE INCOME 900099 395553 395553 OFFICE SHARING INCOME 900099 74715 74715 LOSS ON DISPOSAL OF FA 900099 -466 -466 469802 40966653 90570 0 369407 6212309 6212309 981246 545376 362961 72909 18488490 15650288 2223286 614916 831302 712041 93296 25965 1545638 1305664 187241 52733 1338187 1115655 175552 46980 69150 10635 58141 374 58782 43413 13533 1836 3570453 3431637 125442 13374 58001 58001 724757 599945 100083 24729 679884 573543 85284 21057 2683027 2224581 364374 94072 1162644 1123824 11979 26841 433033 420960 9738 2335 576149 480149 75696 20304 100325 83610 13180 3535 PUBLIC OPINION ANALYSIS 331940 331940 OTHER EXPENSES 322788 258862 54387 9539 COMMISSIONED PAPERS 175451 175451 SUBSCRIPTIONS 91887 81198 4566 6123 200 167 26 7 40435643 35439249 3958765 1037629 5572015 7787336 35831507 36013372 7737884 8143830 688145 92854 419125 963192 9694754 7933751 2311183 1761003 266001 275243 2842241 1092606 55668101 56129436 2226769 2704754 4552222 4004562 6778991 6709316 X 29502011 31181711 19387099 18238409 48889110 49420120 55668101 56129436 531010 0 X 0 1 X 1 0 X 38215459 40013311 44515120 49778104 40506676 213028670 38215459 40013311 44515120 49778104 40506676 213028670 43244397 169784273 549349 676309 560095 351807 462730 2600290 5162 5162 110466 128836 119705 173940 74715 607662 216241784 1051130 0.78520 0.75400 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2012 AMOUNT: $ 21,309. 2013 AMOUNT: $ 35,832. 2014 AMOUNT: $ 56,846. 2015 AMOUNT: $ 145,049. 2016 AMOUNT: $ 0. OFFICE SHARING INCOME - 2012 AMOUNT: $ 89,157. 2013 AMOUNT: $ 93,004. 2014 AMOUNT: $ 62,859. 2015 AMOUNT: $ 28,891. 2016 AMOUNT: $ 74,715. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28522 66406 94928 40340715 40435643 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 32705 77430 77070 94928 282133 250000 250000 250000 250000 1000000 1500000 4686 39780 35212 28522 108200 4132005 3020275 1111730 2244398 1935350 309048 3318351 2978126 340225 1761003 TENANT DEPOSITS 21000 DEFERRED LEASE OBLIGATIONS 3708319 DEFERRED COMPENSATION OBLIGATION 275243 4004562 X 41165575 198922 198922 40966653 0 40966653 40634565 198922 198922 40435643 0 40435643 PART X, LINE 2: CAP EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 198,922. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 198,922. EUROPE 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 264931 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 176950 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 74370 SOUTH AMERICA 0 7 PROGRAM SERVICES PUBLIC POLICY RESEARCH 3647 SOUTH ASIA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 2589 NORTH AMERICA 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 2003 0 7 0 0 0 7 524490 0 524490 0 0 0 0 0 1 PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUTNING WAS USED TO ACCOUNT FOR THE FOREIGN EXPENDITURES. ANNUAL DINNER 678500 647150 31350 70572 128350 678500 647150 31350 70572 128350 198922 -167572 1 CENTER FOR AMERICAN PROGRESS ACTION FUND 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 300192708 501(C)(4) 3520687 PUBLIC EDUCATION AND ADVOCACY. CENTER FOR LAW AND SOCIAL POLICY 1015 15TH STREET NW SUITE 400 WASHINGTON DC 20005 237000150 501(C)(3) 525000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. CENTER ON BUDGET AND POLICY PRIORITIES 820 1ST STREET NE SUITE 510 WASHINGTON DC 20002 521234565 501(C)(3) 525000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. GEORGETOWN UNIVERSITY LAW 600 NEW JERSEY AVENUE NW WASHINGTON DC 20001 530196603 501(C)(3) 393250 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. WOMEN'S REFUGEE COMMISSION 15 W 37TH STREET NEW YORK NY 10018 463668128 501(C)(3) 100554 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. KIDS IN NEED OF DEFENSE 1300 L STREET NW SUITE 1100 WASHINGTON DC 20005 262763038 501(C)(3) 85167 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. KEYSTONE RESEARCH CENTER INC 412 N 3RD STREET SUITE 209 HARRISBURG PA 17101 270854756 501(C)(3) 84000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. INSTITUTE FOR A PROGRESSIVE NEVEDA 2657 WINDMILL PARKWAY 619 HENDERSON NV 89074 020758897 501(C)(3) 79500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. COLORADO CIVIC ENGAGEMENT ROUNDTABLE PO BOX 1620 DENVER CO 80201 251776998 501(C)(3) 79500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESS FLORIDA EDUCATION INSTITUTE 1010 CENTRAL AVENUE SUITE 209 ST PETERSBURG FL 33705 454469756 501(C)(3) 75000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESS OHIO EDUCATION INC 35 E GAY STREET SUITE 404 COLUMBUS OH 43215 205463029 501(C)(3) 75000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. ONE WISCONSIN INSTITUTE 152 W JOHNSON STREET SUITE 214 MADISON WI 53703 203771558 501(C)(3) 60000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICA'S VOICE EDUCATION FUND 1250 I STREET NW SUITE 200 WASHINGTON DC 20005 262624247 501(C)(3) 52555 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. URBAN INSTITUTE DEPARTMENT 950 WASHINGTON DC 20042 520880375 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. THE INSTITUTE FOR COLLEGE ACCESS AND SUCCESS 405 14TH STREET SUITE 1000 OAKLAND CA 94612 201368860 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. TEMPLE UNIVERSITY OF THE COMMONWEALTH SYSTEM 1801 N BROAD STREET PHILADELPHIA PA 19122 231365971 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICAN ASSOCIATION OF STATE 1307 NEW YORK AVENUE NW WASHINGTON DC 20005 520747578 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. BROOKINGS INSTITUTION 1775 MASSACHUSETTS AVENUE NW WASHINGTON DC 20036 530196577 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. NEXUS RESEARCH AND POLICY CENTER 6321 FRANKLIN SUMMIT DRIVE EL PASO TX 79912 272716378 501(C)(3) 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UNIVERSITY OF WISCONSIN-MADISON SCHOOL OF EDUCATION 249 ED BUILDING 1000 BASCOM HALL MADISON WI 53706 396006492 N/A 50000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESSNOW EDUCATION 5922 EXCELSIOR BOULEVARD MINNEAPOLIS MN 55416 208720291 501(C)(3) 47000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. CENTER FOR MIGRATION STUDIES OF NEW YORK 307 E 60TH STREET 4TH FLOOR NEW YORK NY 10022 237036022 501(C)(3) 41583 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICANS FOR DEMOCRATIC ACTION EDUCATION FUND 1629 K STREET NW SUITE 300 WASHINGTON DC 20006 521368977 501(C)(3) 17000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. WISCONSIN VOICES 633 S HAWLEY ROAD MILWAUKEE WI 53314 273183754 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. IOWA CITIZEN ACTION NETWORK EDUCATION FOUNDATION 941 25TH AVENUE PMB 335 CORALVILLE IA 52241 411208327 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICAN ENTERPRISE INSTITUTE 1150 17TH STREET NW WASHINGTON DC 20036 530218495 501(C)(3) 10200 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. ONE IOWA EDUCATION FUND 3839 MERLE HAT ROAD DES MOINES IA 50310 721613927 501(C)(3) 10000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. 26 1 PART I, LINE 2: CAP REQUIRES GRANTEE ORGANIZATIONS TO REPRESENT, WARRANT AND AGREE: THAT IT WILL USE GRANT FUNDS SOLELY FOR PURPOSES CONSISTENT WITH CAP'S TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; THAT NO PORTION OF GRANT FUNDS WILL BE USED DIRECTLY OR INDIRECTLY TO EXPRESSLY OR IMPLICITLY SUPPORT OR OPPOSE ANY CANDIDATE SEEKING ELECTION TO PUBLIC OFFICE, OR PROVIDE A BENEFIT TO ANY POLITICAL PARTY OR CANDIDATE; THAT IT WILL ALLOW CAP'S STAFF OR REPRESENTATIVES TO CONDUCT EVALUATIONS AND AUDITS OF THE USE OF GRANT FUNDS, WHICH MAY INVOLVE VISITS TO OBSERVE, REVIEW AND DISCUSS ITS OPERATIONS, FINANCIAL RECORDS, AND OTHER MATERIALS CONNECTED WITH THE GRANTEE; AND THAT IT WILL SEND CAP FINAL FINANCIAL AND NARRATIVE REPORTS BY A DATE SPECIFIED IN THE ORIGINAL AWARD LETTER. CAP REQUIRES DONEE ORGANIZATIONS TO PROVIDE NARRATIVE AND FINANCIAL REPORTS THAT: ARE SIGNED BY AN OFFICER OF THE ORGANIZATION; DESCRIBE HOW THE FUNDS WERE SPENT AND WHAT WAS ACCOMPLISHED; AND TO PROVIDE A REASONABLY DETAILED ACCOUNT OF THE ACTIVITIES CONDUCTED BY THE GRANTEE IN PERFORMANCE OF THE AGREED UPON WORK. X X X X 0 0 0 0 0 0 0 0 0 NEERA TANDEN PRESIDENT 314550 0 0 0 0 0 28309 0 13555 0 356414 0 0 0 CARMEL MARTIN EVP AND TREASURER 227619 0 0 0 0 0 18210 0 13666 0 259495 0 0 0 ALEX DEMOTS GENERAL COUNSEL AND SECRETARY 146468 0 0 0 0 0 11717 0 12407 0 170592 0 0 0 JOHN NORRIS EXEC. DIR., SUSTAIN. SEC. & PEACEBLD 203997 0 0 0 0 0 10200 0 14466 0 228663 0 0 0 WINNIE STACHELBERG EVP, EXTERNAL AFFAIRS 200989 0 0 0 0 0 16079 0 7627 0 224695 0 0 0 GREG DOTSON VP, ENERGY 189768 0 0 0 0 0 15181 0 11615 0 216564 0 0 0 MARC JARSULIC VP, ECONOMIC POLICY 188412 0 0 0 0 0 9421 0 1926 0 199759 0 0 0 BRIAN DEMARCO VP, DEVELOPMENT 184568 0 0 0 0 0 9228 0 6513 0 200309 0 0 0 EMILY SUSSMAN DAUGHTER OF DONALD SUSSMAN, MEMBER OF THE BOARD OF DIRECTORS 52649 EMILY IS THE MANAGING DIRECTOR OF CAMPAIGNS AND RECEIVED $41,044 IN COMPENSATION AND $11,605 IN NONTAXABLE BENEFITS DURING THE YEAR ENDED DECEMBER 31, 2016. 0 X 10 354588 FMV 0 0 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE ACTUAL NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART III, LINE 3 EFFECTIVE MARCH 15, 2016, CAP TRANSFERRED ALL PROGRAM WORK UNDER THE IT'S ON US (IOU) CAMPAIGN TO A NEW FISCAL SPONSOR, CIVIC NATION. EFFECTIVE JUNE 30, 2016, CAP TRANSFERRED CERTAIN COMMUNICATIONS PROGRAM WORK TO THE DOCTORS FOR AMERICA (DFA), A NEWLY FORMED 501(C)(3)ORGANIZATION. EFFECTIVE DECEMBER 31, 2015, CAP TRANSFERRED ALL PROGRAM WORK OF THE ENOUGH! PROGRAM TO A NEW FISCAL SPONSOR, NEW VENTURE FUND (NVF). ALSO EFFECTIVE DECEMBER 31, 2015, CAP TRANSFERRED THE PROGRAM WORK OF THE WASHINGTON CENTER FOR EQUITABLE GROWTH (WCEG) PROGRAM TO A NEWLY FORMED 501(C)(3) ORGANIZATION OF THE SAME NAME. FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE DEPARTMENT WORKED DIRECTLY WITH AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990 ON BEHALF OF CAP. THE FINANCE DEPARTMENT MANAGES THE PROCESS, WITH CLOSE COORDINATION WITH THE LEGAL DEPARTMENT. THE ACCOUNTING FIRM PROVIDED A DRAFT FEDERAL FORM 990, WHICH WAS THEN REVIEWED AND COMMENTED ON BY THE FINANCE DEPARTMENT, THE LEGAL DEPARTMENT AND THE CORPORATE OFFICERS. THE UPDATED DRAFT FEDERAL FORM 990 AND SUMMARY MATERIALS WERE THEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND CONSIDERATION ON BEHALF OF THE FULL BOARD OF DIRECTORS. THE AUDIT COMMITTEE WAS OFFERED THE OPPORTUNITY TO DISCUSS THE MATERIALS WITH CAP'S STAFF AND THE ACCOUNTING FIRM THAT PREPARED THE FEDERAL FORM 990. THE AUDIT COMMITTEE APPROVED THE DRAFT FEDERAL FORM, AND THE FULL BOARD OF DIRECTORS RECEIVED THE APPROVED VERSION OF THE FORM BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CAP IS COMMITTED TO PREVENTING OUTSIDE FINANCIAL INTERESTS OF ITS BOARD MEMBERS, OFFICERS OR EMPLOYEES FROM INFLUENCING ITS ACTIVITIES. TO THAT END, IT HAS ADOPTED AND ENFORCES POLICIES TO PREVENT CONFLICTS OF INTEREST AND THE APPEARANCE OF CONFLICTS OF INTEREST, INCLUDING SEPARATE POLICIES GOVERNING (1) OFFICERS, DIRECTORS, AND KEY EMPLOYEES; AND (2) ALL EMPLOYEES. COMPLIANCE WITH POLICIES GOVERNING OFFICERS, DIRECTORS AND KEY EMPLOYEES. OFFICERS, DIRECTORS AND KEY EMPLOYEES (IF ANY) RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY ANNUALLY, AND ARE ASKED TO REVIEW THE POLICY AND SIGN AN ACKNOWLEDGEMENT AFFIRMING RECEIPT, REVIEW AND AGREEMENT TO COMPLY WITH THE POLICY, AS WELL AS UNDERSTANDING THAT CAP IS A CHARITABLE ORGANIZATION. IN ADDITION, OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE ASKED TO COMPLETE AN ANNUAL INDEPENDENCE QUESTIONNAIRE, WHICH SEEKS DISCLOSURE OF CERTAIN RELATIONSHIPS, ARRANGEMENTS AND TRANSACTIONS IN ORDER TO DETERMINE INDEPENDENCE AND THE EXISTENCE OF CONFLICTS OF INTEREST. THESE POLICIES DESCRIBE POTENTIAL CONFLICTS, PROVIDE MEANS FOR DISCLOSURE, AND PROVIDE PROCESSES FOR INVESTIGATING AND RESOLVING POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 IT IS THE POLICY OF CAP THAT THE PRESIDENT SUBMITS HIS OR HER RECOMMENDATIONS FOR COMPENSATION OF NEWLY HIRED SENIOR MANAGERS AT CAP TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL WHEN, AMONG OTHER THINGS, THE RECOMMENDED SALARY EQUALS OR EXCEEDS AN INFLATION ADJUSTED THRESHOLD. FOR FELLOWS, THE BOARD OF DIRECTORS APPROVES A RANGE OF COMPENSATION, ADJUSTED ANNUALLY FOR INFLATION. SALARIES FOR HALF-TIME AND FULL-TIME FELLOWS AND FOR OTHER EMPLOYEES ARE PROPORTIONAL TO THIS PAY SCALE. THE PRESIDENT SUBMITS RECOMMENDATIONS FOR ANY FELLOW TO BE COMPENSATED OUTSIDE OF THIS RANGE. TO AVOID PAYING EXCESSIVE COMPENSATION TO EMPLOYEES, IT IS THE POLICY OF CAP THAT THE PRESIDENT SUBMITS HIS OR HER RECOMMENDATIONS FOR COMPENSATION OF NEWLY HIRED SENIOR EMPLOYEES AT CAP TO THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL WHEN, AMONG OTHER THINGS, THE RECOMMENDED SALARY EQUALS OR EXCEEDS $150,000. THE RECOMMENDATION INCLUDES A JOB DESCRIPTION, INFORMATION ABOUT THE QUALIFICATIONS OF THE CANDIDATE, AND INFORMATION ABOUT WHAT COMPARABLE ORGANIZATIONS ARE PAYING FOR SIMILAR SERVICES. THE COMPENSATION COMMITTEE WILL CONSIDER AND MAY APPROVE THESE RECOMMENDATIONS. THE COMMITTEE DOCUMENTS THE BASIS FOR ITS DECISION WITH A CONTEMPORANEOUS RECORD THAT IS KEPT IN THE CORPORATION'S BOOKS AND RECORDS. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS; ONLY MEMBERS WITHOUT A CONFLICT OF INTEREST VOTE FOR EACH RECOMMENDATION. ONCE COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS, THE PRESIDENT IS AUTHORIZED TO ADJUST THE SALARY LEVELS OF CERTAIN HIGHLY COMPENSATED EMPLOYEES AND FELLOWS WITHOUT APPROVAL BY THE COMPENSATION COMMITTEE WHEN (1) THE RELEVANT SUPERVISOR HAS COMPLETED AN EVALUATION OF THE EMPLOYEE'S OR FELLOW'S WORK AND IT WAS DETERMINED THAT HIS OR HER WORK "MET OR EXCEEDED EXPECTATIONS" FOR THAT POSITION; (2) THE PRESIDENT HAS REVIEWED RECENT DATA AS TO WHAT COMPARABLE ORGANIZATIONS ARE PAYING FOR SIMILAR SERVICES AND DETERMINED THAT THE ADJUSTED SALARY WOULD BE REASONABLE AND APPROPRIATE; (3) THE PRESIDENT HAS DETERMINED THAT THE ADJUSTMENT WOULD BE COMMENSURATE WITH OTHER HIGHLY COMPENSATED EMPLOYEES OR FELLOWS WITH SIMILAR RESPONSIBILITIES, AUTHORITY, AND PERFORMANCE WITHIN CAP; AND (4) THE SALARY INCREASE IS NOT MORE THAN 20% OF THE SENIOR STAFF OR FELLOW'S PER ANNUM SALARY, AND THAT THE TOTAL INCREASES OVER THREE YEARS NOT EXCEED 35%. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS; ONLY MEMBERS WITHOUT A CONFLICT OF INTEREST VOTE FOR EACH RECOMMENDATION. FORM 990, PART VI, SECTION C, LINE 19 CAP MAKES ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. CAP'S GOVERNING DOCUMENTS ARE INCLUDED IN ITS FORM 1023, APPLICATION FOR RECOGNITION OF EXEMPTION UNDER SECTION 501(C)(3). CHANGES TO ITS GOVERNING DOCUMENTS ARE FILED WITH ITS ANNUAL FEDERAL FORM 990. BOTH FORMS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CAP'S ANNUAL FEDERAL FORM 990 IS ALSO MADE AVAILABLE TO THE PUBLIC BY WAY OF THE ONLINE INFORMATION SERVICE, GUIDESTAR.ORG, AS WELL AS BY SOME OF THE STATES WHERE THE FEDERAL FORM 990 IS A REQUIRED SUBMISSION FOR REGISTRATION. CAP'S AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH GUIDESTAR.ORG AND UPON REQUEST.