2017-07-25T12:04:57-05:00 2016-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-01-01 260003391 THE SURETY & FIDELITY ASSOCIATION OF AMERICA SURE 2024630600 1140 19TH STREET NW NO 500 WASHINGTON DC 20036 LYNN M SCHUBERT PRESIDENT 2024630600 2017-07-25 1 3019519090 75.103.231.202 2017-07-25 13:04:05 ED P 24E2B1EDDFB7997E904F8C8AA54720A5F314F67A C5EF97B7BDE0E637AB26D20CD76004D479A0609A 2016 2021-01-29 14:40:06Z LYNN M SCHUBERT 1140 19TH STREET NW NO 500 WASHINGTON DC 20036 8076496 0 X WWW.SURETY.ORG X 1908 DC SEE PART III, LINE 1. 18 18 17 500 0 0 0 0 4428792 4607970 117937 43904 1114 28922 4547843 4680796 0 250 0 0 2904101 3227813 0 0 0 1741846 1713202 4645947 4941265 -98104 -260469 5563053 5086508 4173546 3494639 1389507 1591869 PERFORMS A LEADERSHIP ROLE IN PROMOTING AND PRESERVING THE USE OF FIDELITY AND SURETY BONDS TO PROTECT PUBLIC AND PRIVATE INTERESTS. 0 0 STATISTICAL REPORTS AND ANALYSIS: DATA AND REPORTS REGARDING THE SURETY AND FIDELITY INDUSTRIES PROVIDED TO MEMBERS AND OTHER INTERESTED PARTIES. EDUCATION AND PROMOTION: PUBLIC SERVICE INFORMATION TO EDUCATE CONSUMERS AND GOVERNMENT OFFICIALS ABOUT SURETY AND FIDELITY BONDS. LEGAL FEES & LEGISLATION: FEES PAID TO MONITOR LEGISLATION AND HIRE ATTORNEYS TO PROVIDE LEGAL ADVICE ON MATTERS RELATED TO SURETY AND FIDELITY BONDS. 0 0 0 1 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 10 0 1 17 1 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X LYNN M SCHUBERT 2024630600 1140 19TH STREET NW NO 500 WASHINGTON DC 20036 ROSS FISHER CHAIR-BD OF DIRECTORS 0.50 X X 0 0 0 STEPHEN HANEY IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 LARRY TAYLOR VICE-CHAIR 0.50 X X 0 0 0 MICHAEL FAY DIRECTOR 0.50 X 0 0 0 STEPHEN RUSCHAK DIRECTOR 0.50 X 0 0 0 DAN YOUNG DIRECTOR 0.50 X 0 0 0 JEFFREY RYAN DIRECTOR 0.50 X 0 0 0 JOHN F WELCH DIRECTOR 0.50 X 0 0 0 GARY T DUNBAR DIRECTOR 0.50 X 0 0 0 ROBERT THOMAS DIRECTOR 0.50 X 0 0 0 TIM MIKOLAJEWSKI DIRECTOR 0.50 1.00 X 0 0 0 ALAN PAVLIC DIRECTOR 0.50 X 0 0 0 JOHN KNOX DIRECTOR 0.50 X 0 0 0 THOMAS M KUNKEL DIRECTOR 0.50 1.00 X 0 0 0 ANDREW TUMA DIRECTOR 0.50 X 0 0 0 DENNIS P BAUS DIRECTOR 0.50 X 0 0 0 BOB MURRAY DIRECTOR 0.50 X 0 0 0 ANTONIO ALBANESE DIRECTOR 0.50 X 0 0 0 LYNN M SCHUBERT PRESIDENT 60.00 1.00 X 658477 0 28456 LENORE MAREMA VICE-PRESIDENT, GOV'T AFFAIRS 45.00 X 219220 0 22981 BARBARA FINNEGAN-REIFF DIRECTOR OF OPERATIONS 50.00 X 172656 0 28105 ROBERT DUKE CORPORATE COUNSEL 50.00 X 235153 0 34905 JOANNE BROOKS VICE-PRESIDENT/COUNSEL 45.00 X 220942 0 16170 JOSEPH ORGOVAN DIRECTOR OF IT 50.00 X 183462 0 9504 ALAN CLARK ACTUARY 40.00 X 110929 0 22669 1800839 0 162790 7 0 1 0 0 MEMBERS' ASSESSMENTS 900099 4066506 4066506 STATISTICAL FILERS 900999 257259 257259 SUBSCRIBER FEES 900099 70000 70000 COMP. COMMITTEE 900099 63400 63400 CASE SUMMARIES SUBS. 900099 60210 60210 90595 90595 4607970 84571 84571 28400 28400 3354960 3395627 -40667 -40667 -40667 595 73 522 522 4680796 4608492 0 72304 250 1830031 638967 527357 113895 117563 124285 86637 9333 63317 76754 34889 398310 95320 141215 30 78843 31404 STAT. REPORTS & ANALYS. 216930 AMICUS BRIEFS 111881 COMMITTEE ATTEND. FEES 70200 COMPENSATION SURVEY 32500 141354 4941265 855368 404143 1194029 807680 49011 59365 15507 15433 165591 136656 711040 218045 551634 492995 2585620 2989793 146293 180443 5563053 5086508 176735 136720 741504 237613 49901 49916 3205406 3070390 4173546 3494639 X 1389507 1591869 1389507 1591869 5563053 5086508 X -260469 -26044 488875 X 0 1 X 1 0 1 0 1 4145999 98999 -204600 -105601 97816 -203417 0 1 X 477056 95282 381774 219787 108566 111221 14197 14197 0 492995 DEFERRED RENT 217568 INS. DEPT. EXAM. RESERVE 105000 ACCRUED POST-RETIREMENT BENEFIT 1166511 DEFERRED COMPENSATION 155083 ACCRUED PENSION COSTS 1038700 DEFERRED TENANT IMPROVEMENT ALLOWANCE 387528 3070390 X 4645492 -26044 73 -25971 4671463 9333 9333 4680796 4932005 73 73 4931932 9333 9333 4941265 PART IV, LINE 2B: THE ORGANIZATION HELD $49,916 IN ESCROW FOR A SUB-TENANT DURING THE YEAR. PART X, LINE 2: FOR THE YEAR ENDED DECEMBER 31, 2016, THE ASSOCIATION HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 73. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON PART VIII, LINE 10B 73. X X X 0 0 0 LYNN M SCHUBERT PRESIDENT 448873 0 202404 0 7200 0 15900 0 12556 0 686933 0 0 0 LENORE MAREMA VICE-PRESIDENT, GOV'T AFFAIRS 190357 0 28863 0 0 0 11545 0 11436 0 242201 0 0 0 BARBARA FINNEGAN-REIFF DIRECTOR OF OPERATIONS 142930 0 29726 0 0 0 8918 0 19187 0 200761 0 0 0 ROBERT DUKE CORPORATE COUNSEL 195024 0 40129 0 0 0 12039 0 22866 0 270058 0 0 0 JOANNE BROOKS VICE-PRESIDENT/COUNSEL 200891 0 20051 0 0 0 12030 0 4140 0 237112 0 0 0 JOSEPH ORGOVAN DIRECTOR OF IT 152984 0 30478 0 0 0 9143 0 361 0 192966 0 0 0 SCHEDULE J PART II INDIVIDUALS LISTED IN PART II ARE ALSO PARTICIPANTS IN A DEFINED BENEFIT PENSION PLAN. AMOUNTS REPORTED ON SCHEDULE J COLUMN C DO NOT REFLECT ACCRUALS OR CHANGES IN ACTUARIAL VALUE AS THOSE AMOUNTS ARE NOT AVAILABLE AT THE PARTICIPANT LEVEL. FORM 990, PART VI, SECTION A, LINE 6 SFAA HAS ONE CLASS OF MEMBERS, EACH WITH THE SAME RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A THE NUMBER OF VOTES THAT EACH MEMBER IS ENTITLED TO IS BASED ON THE BALANCE OF PREMIUMS WRITTEN OVER THEIR LATEST THREE-YEAR CALENDAR PERIOD. MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING AND TO ELECT THE SFAA PRESIDENT. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS HAVE THE RIGHT TO ELECT BOARD MEMBERS AT THE ANNUAL MEETING AND TO ELECT THE SFAA PRESIDENT. IN ADDITION, MEMBERS VOTE TO RATIFY ANY CHANGES TO SFAA'S BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. MANAGEMENT DISTRIBUTED THE DRAFT OF FORM 990 AND RELATED SCHEDULES TO THE SFAA EXECUTIVE COMMITTEE AND MADE IT AVAILABLE TO BOARD MEMBERS FOR INSPECTION, PRIOR TO FILING IT WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD MEMBERS ARE REQUIRED TO REVIEW AND SIGN A NEW CONFLICT OF INTEREST FORM AT THE FIRST BOARD MEETING EACH YEAR. THE CONFLICT OF INTEREST POLICY IS THEN DISCUSSED AT EACH SUBSEQUENT BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 15 COMPARABILITY DATA IS USED IN DETERMINING SALARIES FOR THE PRESIDENT AND OTHER TOP MANAGEMENT POSITIONS. THE ASSOCIATION PURCHASES THE CEO COMPENSATION SURVEY EACH YEAR. IN ADDITION, THE COMPENSATION COMMITTEE (COMPRISED OF BOARD MEMBERS) FREQUENTLY PERFORM INDEPENDENT RESEARCH ON SALARIES. COMPENSATION SURVEYS FOR ASSOCIATIONS ALSO ARE REVIEWED TO DETERMINE KEY POSITION SALARIES, AND THE DECISION IS DOCUMENTED. THIS REVIEW PROCESS WAS LAST DONE IN NOVEMBER 2016. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: POST RETIREMENT PENSION EXPENSE, PER FASB ASC 715 -29,341. PENSION PLAN RECOVERY 518,216. THE SURETY FOUNDATION 1140 19TH STREET NW STE 500 WASHINGTON DC 200364347 731728689 SCHOLARSHIPS DC 501(C)(3) LINE 7 THE SURETY & FIDELITY ASSOCIATION OF AMERICA 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 1 0 THE SURETY FOUNDATION L 62751 DONATED SERVICES ALLOCATION THE SURETY FOUNDATION N 0 INCLUDED IN TRANSACTION L THE SURETY FOUNDATION O 0 INCLUDED IN TRANSACTION L THE SURETY FOUNDATION Q 579 ACTUAL AMOUNTS THE SURETY FOUNDATION R 40615 ACTUAL AMOUNTS