2017-11-01T14:12:03-05:00 2016-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2016-01-01 042200147 SALZBURG GLOBAL SEMINAR INC SALZ 2026377683 1250 H St NW Suite 1150 WASHINGTON DC 20005 PIA VALDIVIA VP & CFO 2026377683 2017-10-25 1 PHILIP H CORNBLATT CPA P00252478 4107834900 209.3.217.20 2017-10-25 14:35:33 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F446AB6319547652C5FB68E3BC38758B58B69995 2016 2021-01-29 14:40:06Z Pia Valdivia 1250 H St NW Suite 1150 WASHINGTON DC 20005 8338356 0 X WWW.SALZBURGGLOBAL.ORG X 1947 MA THE MISSION OF SALZBURG GLOBAL SEMINAR IS TO CHALLENGE CURRENT AND FUTURE LEADERS TO SOLVE ISSUES OF GLOBAL CONCERN. TO DO THIS WE DESIGN, FACILITATE AND HOST INTERNATIONAL STRATEGIC CONVENING AND MULTI-YEAR PROGRAMS TO TACKLE SYSTEMS CHALLENGES CRITICAL FOR THE NEXT GENERATION. 27 26 16 250 3506959 0 2783039 4701909 3952525 3777986 -1098585 -852487 126587 155287 5763566 7782695 350300 10000 0 0 4227102 4220326 22650 418 531345 3773351 4109317 8373403 8340061 -2609837 -557366 23621555 23386424 21543150 20361858 2078405 3024566 X THE MISSION OF SALZBURG GLOBAL SEMINAR IS TO CHALLENGE CURRENT AND FUTURE LEADERS TO SOLVE ISSUES OF GLOBAL CONCERN. TO DO THIS WE DESIGN, FACILITATE AND HOST INTERNATIONAL STRATEGIC CONVENING AND MULTI-YEAR PROGRAMS TO TACKLE SYSTEMS CHALLENGES CRITICAL FOR THE NEXT GENERATION. 0 0 7004478 3777986 See Schedule OSALZBURG GLOBAL SEMINAR, INC. IS AN INDEPENDENT NON-PROFIT ORGANIZATION, HEADQUARTERED IN WASHINGTON D.C. AND BASED AT SCHLOSS LEOPOLDSKRON IN SALZBURG, AUSTRIA.IT WAS FOUNDED IN 1947 BY THREE YOUNG VISIONARIES AT HARVARD UNIVERSITY AS THE "SALZBURG SEMINAR IN AMERICAN STUDIES" TO ENCOURAGE THE REVIVAL OF INTELLECTUAL DIALOGUE IN POST-WAR EUROPE.OUR VISION IS TO SHAPE A BETTER WORLD BY FORGING BREAKTHROUGH COLLABORATIONS TO BRIDGE DIVIDES. MORE THAN 30,000 PEOPLE FROM NEARLY 170 COUNTRIES HAVE PARTICIPATED IN OUR PROGRAMS OVER SEVEN DECADES.TODAY, SALZBURG GLOBAL DESIGNS MULTI-YEAR PROGRAMS TO ACCELERATE HUMAN, URBAN AND CONFLICT TRANSFORMATION AND HELP ORGANIZATIONS AND CHANGE-MAKERS ACHIEVE RESULTS AT SCALE. WE CONVENE OUTSTANDING PEOPLE ACROSS GENERATIONS AND SECTORS, AIMING TO CATALYZE TRANSFORMATIVE IMPACT AND LONG-TERM ENGAGEMENT THROUGH ALLIANCES, NETWORKS AND PROJECTS ON THE GROUND. OUR WORK IS SUSTAINED THROUGH STRATEGIC PARTNERSHIPS, EARNED INCOME AND PHILANTHROPIC SUPPORT. OUR SECLUDED AND INSPIRING HOME AT SCHLOSS LEOPOLDSKRON IN SALZBURG, AUSTRIA BUILT IN 1736 BY THE ARCHBISHOP OF SALZBURG, RESTORED BY THE SALZBURG FESTIVAL'S CO-FOUNDER MAX REINHARDT, USED BY HOLLYWOOD FOR SETS IN THE SOUND OF MUSIC, AND NOW AN AWARD-WINNING HOTEL ALLOWS US TO WELCOME ALL PARTICIPANTS IN CONDITIONS OF TRUST, OPENNESS AND CREATIVITY.FOR MORE INFORMATION AND TO SEE OUR CALENDAR OF UPCOMING PROGRAMS, PLEASE VISIT: WWW.SALZBURGGLOBAL.ORG 7004478 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 14 0 1 16 1 1 1 1 AU 0 0 0 0 0 0 0 0 X 27 26 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MD MA MI NY VT VA X X X PIA VALDIVIA 2026377682 1250 H ST NE SUITE 1150 WASHINGTON DC 20005 STEPHEN SALYER PRESIDENT & CEO 40.00 X X 330072 0 7178 HEATHER STURT HAAGA Chairman of the Board 1.00 X X 0 0 0 A MICHAEL HOFFMAN Director 1.00 X 0 0 0 BAILEY MORRIS-ECK DIRECTOR 1.00 X 0 0 0 EWALD NOWOTNY DIRECTOR 1.00 X 0 0 0 DONALD D O'NEAL DIRECTOR 1.00 X 0 0 0 RANDAL C TEAGUE secretary 1.00 X X 0 0 0 WILLIAM EACHO DIRECTOR 1.00 X 0 0 0 CATHERINE WILLS DIRECTOR 1.00 X 0 0 0 Merit E Janow director 1.00 X 0 0 0 B THOMAS MANSBACH DIRECTOR 1.00 X 0 0 0 VIKAS THAPAR DIRECTOR 1.00 X 0 0 0 CLAUDIO X GONZALEZ Vice Chair 1.00 X 0 0 0 ROBERT H MUNDHEIM DIRECTOR 1.00 X 0 0 0 Adena Testa Director 1.00 X 0 0 0 Alexa Wesner Director 1.00 X 0 0 0 Byron L Boston treasurer 1.00 X 0 0 0 Marjorie Layden-Schimberg Director 1.00 X 0 0 0 Martha A Darling Director 1.00 X 0 0 0 Max Michael Schlereth Director 1.00 X 0 0 0 Sean Cleary Director 1.00 X 0 0 0 Victoria B Mars director 1.00 X X 0 0 0 Andreas R Dombret Director 1.00 X 0 0 0 Christopher F Lee Director 1.00 X 0 0 0 Greg Medcraft Director 1.00 X 0 0 0 Wolfgang Waldner Director 1.00 X 0 0 0 Peter Wilson-Smith Director 1.00 X 0 0 0 CLARE SHINE VP of programs 40.00 X 154653 0 31240 DANIEL SZELEYNI HOTEL GENERAL MANAGER 40.00 X 123501 0 25213 BEN GLAHN VP BUSINESS AFFAIRS 40.00 X 133970 0 28159 Pia Valdivia VP/CFO 40.00 X 95417 0 2656 Andy Ho US Development Director 40.00 X 78750 0 2193 916363 0 96639 4 0 1 0 0 7763 4694146 4701909 CONFERENCE INCOME 721000 3254964 3254964 PARTICIPANT FUNDED TUITION 611430 523022 523022 3777986 -1189050 96708 -1285758 892224 473499 82162 418725 -82162 336563 336563 OTHER INCOME (LOSS) 721000 155287 155287 155287 7782695 523022 3506959 -949195 10000 10000 341134 152748 146114 42272 3752880 3306772 217586 228522 42578 13615 19221 9742 37997 5368 22541 10088 45737 12733 18902 14102 14966 14966 257840 95210 94919 67711 418 418 119360 101666 8453 9241 106711 77758 13256 15697 130640 40861 41651 48128 460555 396985 30012 33558 400864 270676 130188 381853 381853 64415 64415 MISCELLANEOUS EXPENSE 431904 402318 17717 11869 FOOD & BEVERAGE 408624 408624 OTHER PROFESSIONAL FEES 302131 262509 13201 26421 Household 272402 272402 757052 727965 15511 13576 8340061 7004478 804238 531345 969302 1258948 309257 344073 768685 1172583 651765 605358 10624991 6641164 4348614 3983827 16573932 16021635 23621555 23386424 1541853 1590321 2051600 1546600 17949697 17224937 21543150 20361858 X -16918293 -15812195 4397721 4423462 14598977 14413299 2078405 3024566 23621555 23386424 X -557366 -250658 1754185 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15826942 101455 427539 938000 15417936 18841122 5411 -773154 66515 18006864 19437922 2979 492467 1092246 18841122 17908413 58884 2412093 941468 19437922 17131158 15607 1734171 972523 17908413 0.07000 0.93000 0 0 146943 146943 9662747 6507947 3154800 790774 133217 657557 24527 24527 3983827 X Part X, Line 2: The Seminar is exempt from U.S. income taxes under Section 501(c)(3) of the Internal Revenue Code however, income from certain activities not directly related to the Seminar's tax-exempt purpose is subject to taxation as unrelated business income. The Seminar is also subject to certain taxes in Austria and U.S. personal property tax. The Seminar evaluates its uncertain tax positions using the provisions of authoritative guidance. Accordingly, a loss contingency is recognized when it is probable that a liability has been incurred as of the date of the financial statements and the amount of the loss can be reasonably estimated. The amount recognized is subject to estimate and management judgment with respect to the likely outcome of each uncertain tax position. The amount that is ultimately sustained for an individual uncertain tax position, or for all uncertain tax positions in the aggregate, could differ from the amount recognized. The Seminar has no uncertain tax positions as of December 31, 2016 and 2015. The Seminar's Forms 990, Return of Organization Exempt from Income Tax, are subject to examination by the Internal Revenue Service for a period of three years after they were filed. While no tax returns are currently being examined by the Internal Revenue Service, tax years since 2013 remain open. Schedule D, Part V Regarding Line 1a for the current year: the $2,179,922 variance between the 2015 ending balance versus the 2016 beginning balance is due to a Foreign Currency Translation Adjustment that was made in 2016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 Schedule E, Part I, Line 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN THE REGISTRATION MATERIAL IN BOTH PRINTED FORM AND ON THE ORGANIZATION'S WEBSITE. 1 Europe 2 54 PROGRAM SERVICES EDUCATIONAL CENTER 7591531 2 54 0 0 2 54 7591531 0 7591531 Scholarship Africa 9 57382 Tuition Waiver Book Scholarship Central/South America 3 11703 Tuition Waiver Book Scholarship East Asia/Pacific 33 83463 Tuition Waiver Book Scholarship Eastern Europe 4 10000 Tuition Waiver Book Scholarship Middle East 2 5000 Tuition Waiver Book Scholarship North America 4 10000 Tuition Waiver Book Scholarship South/Central Asia 3 26174 Tuition Waiver Book 0 0 0 0 0 0 Part I, Line 2: Approximately 50 Fellows from up to 30 countries participate in each seminar. Admission is highly selective and the Fellows admitted meet three criteria: 1) they have a background appropriate to the session and are representative of important sectors; 2) they are proficient in English, communicative, and willing to network; and, 3) they have a personal recommendation by a senior person in their field. Fellows are recruited through an extensive network of alumni, faculty referrals, and the public. The Fellows engage in an intense educational and cross cultural experience with peers from around the world. 1 Tuition Waiver Tuition Waiver scholarships 2 10000 book value Tuition Waiv Part I, Line 2: Approximately 50 Fellows from up to 30 countries participate in each seminar. Admission is highly selective and the Fellows admitted meet three criteria: 1) they have a background appropriate to the session and are representative of important sectors; 2) they are proficient in English, communicative, and willing to network; and, 3) they have a personal recommendation by a senior person in their field. Fellows are recruited through an extensive network of alumni, faculty referrals, and the public. The Fellows engage in an intense educational and cross cultural experience with peers from around the world. X X X X 0 0 0 0 0 0 0 0 0 STEPHEN SALYER PRESIDENT & CEO 300072 0 30000 0 0 0 0 0 7178 0 337250 0 0 0 CLARE SHINE VP of programs 130619 0 5750 0 18284 0 0 0 31240 0 185893 0 0 0 BEN GLAHN VP BUSINESS AFFAIRS 120170 0 13800 0 0 0 0 0 28159 0 162129 0 0 0 STEPHEN SALYER Board members MEIERHOF X 20000 10000 0 1 1 BYRON BOSTON Board members MEIERHOF X 25000 25000 0 1 1 Vikas Thapar Board members FUND OPERATIONS X 26600 26600 0 1 1 ROBERT MUNDHEIM Board members MEIERHOF X 40000 40000 0 1 1 BAILEY MORRIS-ECK Board members MEIERHOF X 50000 50000 0 1 1 BRUCE WILSON Board members MEIERHOF X 50000 50000 0 1 1 DAVID TESTA Board members MEIERHOF X 50000 50000 0 1 1 M LAYDEN Board members MEIERHOF X 50000 50000 0 1 1 MERIT JANOW Board members MEIERHOF X 50000 50000 0 1 1 WILLIAM EACHO Board members MEIERHOF X 50000 0 0 1 1 WILLIAM EACHO Board members MEIERHOF X 50000 50000 0 1 1 CLAUDIO X GONZALEZ Board members MEIERHOF X 100000 100000 0 1 1 DON O'NEAL Board members MEIERHOF X 100000 100000 0 1 1 THOMAS MANSBACH Board members MEIERHOF X 100000 100000 0 1 1 DON O'NEAL Board members MEIERHOF X 200000 0 0 1 1 HEATHER HAAGA Board members FUND OPERATIONS X 250000 250000 0 1 1 HEATHER HAAGA Board members FUND OPERATIONS X 500000 500000 0 1 1 MEIERHOF LOANS Board members MEIERHOF X 95000 95000 0 0 0 1546600 Donald D O'Neal Director of Capital Group 9969864 Investment in Mutual Funds 0 Form 990, Part VI, Section A, line 2 On July 19, 2013, Donald D. O'Neal, a board member, issued a $200,000 note payable to SALZBURG GLOBAL SEMINAR, INC that is due to mature on July 19, 2018. Form 990, Part VI, Section B, line 11b A draft of the form 990 is reviewed & authorized by the Audit Committee of the Board of Directors prior to filing with the IRS. The form 990 is then provided to the full Board. Form 990, Part VI, Section B, line 12c All employees are under a continuing obligation to disclose any actual or potential conflict of interest as soon as it is known or reasonably known. They must complete a conflict of interest disclosure statement and update it annually. Board members complete a conflict of interest disclosure statement annually. Form 990, Part VI, Section B, line 15 SALZBURG GLOBAL SEMINAR'S COMPENSATION POLICIES ARE APPROVED BY THE SEMINAR'S BOARD OF DIRECTORS WITH THE ASSISTANCE OF THE BOARD COMPENSATION COMMITTEE AS THE POLICIES RELATE TO THE CHIEF EXECUTIVE AND OTHER EXECUTIVE OFFICERS. THE COMPENSATION COMMITTEE'S RESPONSIBILITIES INCLUDE: - REVIEW AND APPROVAL OF SALZBURG GLOBAL SEMINAR'S COMPENSATION STRATEGY TO ENSURE CONSISTENCY WITH ITS MISSION AND VALUES AND APPLICABLE LEGAL AND REGULATORY REQUIREMENTS - ESTABLISH THE CHIEF EXECUTIVE'S COMPENSATION LEVEL AND REPORT ON THE CHIEF EXECUTIVE'S COMPENSATION TO THE BOARD OF DIRECTORS ANNUALLY - RECEIVE AND REVIEW A REPORT ANNUALLY FROM THE CHIEF EXECUTIVE REGARDING THE COMPENSATION OF SENIOR STAFF - REPORT REGULARLY TO THE BOARD ON COMMITTEE ACTIVITIES. THE FULL BOARD WILL APPROVE ANNUAL COMPENSATION INCREASES RECOMMENDED BY THE CHIEF EXECUTIVE FOR NON EXECUTIVE STAFF DURING THE ANNUAL BUDGET PROCESS. Compensation Philosophy: Salzburg Global Seminar's activities are guided by a mission statement and strategic plan. The allocation of the organization's resources and its compensation plans are designed to help achieve progress in meeting the Seminar's mission. The Board recognizes that achieving the Seminar's mission requires attracting, retaining and rewarding skilled executives and personnel within appropriate guidelines established by the IRS and good nonprofit governance practices. Standard for Meeting IRS Guidelines: - Total compensation for Salzburg Global Seminar's senior executives must meet the standards of the IRS intermediate sanctions regulations - The IRS intermediate sanctions regulations apply to "disqualified persons" at 501(C)(3) public charities. The Seminar is a 501(C)(3) organization. A disqualified person is someone who is in a position to exercise substantial influence with respect to the organization's affairs. Disqualified persons for Salzburg Global Seminar include the President as well as other Key Employees - Compensation, for purposes of intermediate sanctions, includes all remuneration (base pay, incentives and bonuses, deferred compensation, and appropriate comparison for intermediate sanctions purposes). Incentives and bonuses are permissible under intermediate sanctions, as long as the total amount of compensation is reasonable. Salzburg Global Seminar Process: - Each November the full board approves annual goals for the coming year and the proposed annual increase. These goals become the basis for establishing performance goals for departments and individuals - Prior to this meeting the Compensation Committee meets to establish overall compensation philosophy for the President and other executives for the coming year - The Committee has set a goal that employees' total compensation be at the market median - To meet the "Reasonable Standard" of the IRS, Salzburg Global Seminar hires an independent outside consultant to help determine as the IRS states "the value that would ordinarily be paid for like services by like enterprises under like circumstances". Working with the Compensation Committee, the consultant has identified a group of organizations and compensation surveys most comparable to the Seminar and uses this data to review the President and other executive compensation - The Compensation Committee reviews the consultant's report and makes recommendations which are reviewed and voted on by the full board. The full board approves the compensation for the President. The President is allowed to approve compensation for senior executives after review by the Compensation Committee. Form 990, Part VI, Section C, line 19 Salzburg Global Seminar's governing documents and audited financial statements are made available on its website www.salzburgglobal.org. The form 990 is available through www.guidestar.org. All documents are provided upon request from the public. Form 990, Part XI, line 9: foreign currency translation adjustments 1,754,185.