2017-04-12T15:44:00-05:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 11710 BELTSVILLE DRIVE SUITE 300 CALVERTON MD 20705 990 2016-01-01 521681375 BOARDSOURCE BOAR 2024526262 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 ANNE WALLESTAD PRESIDENT & CEO 2024526262 2017-03-29 1 PATRICIA L KATEBINI CPA P01714127 3019312050 67.137.57.251 2017-03-29 15:59:08 ED P 898A82E60FA63D98D495F6EDB29842905DD452C4 A78F1062FA74E90C671D16910DB17AD2D08C9BAB 2016 2021-01-29 14:40:06Z ANNE WALLESTAD 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 5556130 0 X WWW.BOARDSOURCE.ORG X 1990 DC TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. 12 12 33 14 1700 0 1953740 1562662 3736614 3193892 45626 50075 812198 653475 6548178 5460104 21000 0 0 0 2530265 2825417 0 0 441418 3296593 2643621 5847858 5469038 700320 -8934 5023994 5379937 2458853 2545410 2565141 2834527 X TO INSPIRE AND SUPPORT EXCELLENCE IN NONPROFIT GOVERNANCE AND BOARD AND STAFF LEADERSHIP. BOARDSOURCE ENVISIONS A WORLD WHERE EVERY SOCIAL SECTOR ORGANIZATION HAS THE LEADERSHIP IT NEEDS TO FULFILL ITS MISSION AND ADVANCE THE PUBLIC GOOD. 0 0 1645719 1665411 CONSULTING & ASSESSMENT SERVICES:BOARDSOURCE'S CONSULTING AND ASSESSMENT SERVICES HELP ORGANIZATIONS IDENTIFY CORE ISSUES IN THEIR BOARD PERFORMANCE AND DEVELOPMENT. IN 2016, BOARDSOURCE CONDUCTED OVER 600 BOARD AND CHIEF EXECUTIVE ASSESSMENTS AND WORKED WITH OVER 140 ORGANIZATIONS ON MORE IN-DEPTH CONSULTING ENGAGEMENTS. 929366 SECTOR LEADERSHIP INITIATIVES:BOARDSOURCE CONDUCTS RESEARCH ON BOARD LEADERSHIP PRACTICES AND TRENDS, AND LEADS EDUCATIONAL AND AWARENESS-BUILDING EFFORTS TO STRENGTHEN NONPROFIT BOARD LEADERSHIP ACROSS THE NONPROFIT SECTOR. 747395 1185927 MEMBERSHIP PROGRAM:BOARDSOURCE HAS SEVERAL MEMBERSHIP PROGRAMS TO MEET THE NEEDS OF ORGANIZATIONS, NETWORKS, AND INDIVIDUAL LEADERS. BOARDSOURCE'S CORE MEMBERSHIP PROGRAM IS THE BOARD SUPPORT PROGRAM, WHICH PROVIDES ORGANIZATIONS WITH A FUNDAMENTAL SET OF BOARD DEVELOPMENT RESOURCES, INCLUDING AN ANNUAL BOARD SELF-ASSESSMENT. 692371 367794 PUBLICATIONS:BOARDSOURCE'S LIBRARY OF NONPROFIT GOVERNANCE RESOURCES INCLUDES MORE THAN 380 PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT EXECUTIVES, BOARD LEADERS, AND PRACTITIONERS. IN 2016 ALONE, MORE THAN 150,000 WRITTEN RESOURCES WERE ACCESSED BY NONPROFIT LEADERS FROM ACROSS THE COUNTRY AND AROUND THE GLOBE. 344363 342554 PUBLIC TRAINING PROGRAM:BOARDSOURCE'S TRAINING PROGRAMS PROVIDE FOCUSED SUPPORT TO BOARD MEMBERS, NONPROFIT EXECUTIVES, GOVERNANCE CONSULTANTS AND OTHERS LOOKING TO CULTIVATE KNOWLEDGE AND UNDERSTANDING OF STRONG BOARD LEADERSHIP PRACTICES. BOARDSOURCE'S TRAINING PROGRAMS REACHED MORE THAN 1,500 NONPROFIT LEADERS IN 2016. 86687 BOARDSOURCE LEADERSHIP FORUM:BOARDSOURCE'S BIENNIAL CONFERENCE, THE BOARDSOURCE LEADERSHIP FORUM, CONVENES NONPROFIT BOARD MEMBERS, CHIEF EXECUTIVES, AND OTHERS TO BUILD POSITIVE MOMENTUM AND LEARNING FOCUSED ON STRENGTHENING NONPROFIT LEADERSHIP AT THE HIGHEST LEVEL - THE BOARD OF DIRECTORS. 2016 WAS A PLANNING YEAR FOR THE CONFERENCE, WHICH WILL TAKE PLACE IN OCTOBER 2017. 1123421 710348 4445901 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 33 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI DC X JOAN PAYNE 2023492500 750 9TH STREET NW 650 WASHINGTON DC DC 20001 RICK MOYERS CHAIR 4.00 X X 0 0 0 CATHY TROWER VICE CHAIR 4.00 X X 0 0 0 SHARON ROSSMARK TREASURER 4.00 X X 0 0 0 MARK SHAMLEY SECRETARY 3.00 X X 0 0 0 ANNE DONNELLY-TERM ENDED 1216 DIRECTOR 3.00 X 0 0 0 PHILLIP HENDERSON DIRECTOR 4.00 X 0 0 0 YANELA FRIAS DIRECTOR 3.00 X 0 0 0 CAROL GOSS DIRECTOR 3.00 X 0 0 0 JOHN GRISWOLD DIRECTOR 3.00 X 0 0 0 DAVID MCGINTY DIRECTOR 4.00 X 0 0 0 DR SHERECE WEST-SCANTLEBURY DIRECTOR 1.00 X 0 0 0 SYLVIA YEE DIRECTOR 3.00 X 0 0 0 JUDY VREDENBURGH DIRECTOR 3.00 X 0 0 0 KIMBERLY ROBERSON-TERM END 416 DIRECTOR 3.00 X 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 55.00 X 215899 0 23104 JOAN PAYNE ASSOCIATE VP OF FINANCE 40.00 X 101380 0 29150 MARCI SUNDERLAND VP HUMAN CAPITAL & OPERATIONS 40.00 X 140248 0 16130 VERNETTA WALKER VP PROGRAMS & CHIEF GOVERNANCE OFFICER 40.00 X 134690 0 30805 ERIN BERRY VP MARKETING & COMMUNICATIONS 40.00 X 124904 0 14410 CHRISTOPHER THOMPSON DIRECTOR OF RESEARCH & EVALUATION 40.00 X 107997 0 16458 JENIFER HOLLAND DIRECTOR OF CONSULTING 40.00 X 103215 0 17853 928333 0 147910 7 0 1 0 OFFICE IT SOLUTIONS 3509 CONNECTICUT AVENUE NW WASHINGTON DC 20008 IT EQUIPMENT & TECHNOLOGY SERVICES 124811 SUSAN MEIER 8 MELVIN STREET 4029 GAITHERSBURG MD 20877 CONSULTING AND TRAINING 111830 ANN COHEN & ASSOCIATES 8225 BUCKSPARK LANE POTOMAC MD 20854 CONSULTING AND TRAINING 110775 3 1562662 1562662 MEMBERSHIP DUES 900099 1185927 1185927 CONSULTING/TRAINING 900099 1121766 1121766 ASSESSMENTS 900099 543645 543645 TRAINING FEES 900099 342554 342554 3193892 50075 50075 38659 38659 195280 0 195280 195280 195280 463820 96026 367794 367794 ADVERTISING INCOME 541800 1700 1700 50042 50042 51742 5460104 3561686 1700 334056 369533 210377 98302 60854 2023743 1648664 217139 157940 67533 52322 9138 6073 163316 126530 22099 14687 201292 155952 27238 18102 523450 523450 17271 15370 1142 759 12061 9344 1632 1085 316653 261619 16473 38561 36313 28667 4593 3053 200905 165950 18815 16140 76177 59019 10308 6850 23454 23334 120 881005 682564 119214 79227 93761 82705 2766 8290 60441 52643 1398 6400 1426 1105 193 128 171597 132946 23220 15431 39443 30559 5337 3547 LICENSES/PERMITS 63933 62165 1062 706 CLIENT REIMBURSED EXPEN 60971 60971 BANK FEES 60808 58384 1456 968 3952 1261 74 2617 5469038 4445901 581719 441418 275 177 510101 760489 366475 290300 326577 123570 151794 135214 155868 127375 2849648 1648787 1098777 1200861 2414127 2741951 5023994 5379937 227842 169742 848600 1130717 1382411 1244951 2458853 2545410 X 1387434 1728819 966307 894308 211400 211400 2565141 2834527 5023994 5379937 -8934 278320 0 X 0 1 X 1 0 X 2414517 2317697 2167243 1953740 1562662 10415859 3664723 3234539 3272749 4546292 3657712 18376015 6079240 5552236 5439992 6500032 5220374 28791874 826000 351500 450000 759750 822875 3210125 171106 14716 31087 16628 233537 997106 366216 481087 759750 839503 3443662 25348212 49070 72576 157528 196190 284014 759378 49070 72576 157528 196190 284014 759378 21425 10164 20543 50042 102174 6128310 5646237 5607684 6716765 5554430 29653426 0.85480 0.84710 0.02560 0.01860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 367 367 5468671 5469038 423452 105863 0 0 442366 423452 865818 1298727 279 367 646 110592 105863 216455 324683 367 367 298130 26881 325011 316223 -1750 16343 298130 319166 18139 21082 316223 294503 41283 16620 319166 293371 26809 25677 294503 0.08940 0.65040 0.26010 0 0 511008 220502 290506 806983 650671 156312 1059070 776460 282610 472587 1154 471433 1200861 DEFFERED CONSTRUCTION ALLOWANCE 619927 DEFFERED RENT 625024 1244951 X 5843638 278320 9188 287508 5556130 -96026 -96026 5460104 5574252 9188 96026 105214 5469038 0 5469038 PART V, LINE 4: THE JUDITH O'CONNOR MEMORIAL FUND: AN ENDOWMENT THAT GENERATES EARNINGS TO SUPPORT A LECTURESHIP WHICH WILL HONOR OUTSTANDING LEADERS AND THINKERS IN THE NONPROFIT SECTOR FOR THEIR ACHIEVEMENTS IN NONPROFIT LEADERSHIP OR THEIR CONTRIBUTION TO THE FIELD OF NONPROFIT GOVERNANCE, AND SCHOLARSHIPS TO ATTEND THE BOARDSOURCE LEADERSHIP FORUM. PART X, LINE 2: BOARDSOURCE IS EXEMPT FROM FEDERAL TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER INTERNAL REVENUE CODE SECTION 501(C)(3). FOR THE YEARS ENDED DECEMBER 31 2016 AND 2015, NO PROVISION FOR INCOME TAXES WAS REQUIRED AS BOARDSOURCE HAD NO NET UNRELATED BUSINESS INCOME. BOARDSOURCE HAS EVALUATED ITS TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015, AND DETERMINED THAT NO UNCERTAIN TAX POSITIONS EXIST. PART XI, LINE 4B - OTHER ADJUSTMENTS: COGS -96,026. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS 96,026. X X X X X 0 0 0 0 0 0 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 215899 0 0 0 0 0 9127 0 13977 0 239003 0 0 0 MARCI SUNDERLAND VP HUMAN CAPITAL & OPERATIONS 140248 0 0 0 0 0 5848 0 10282 0 156378 0 0 0 VERNETTA WALKER VP PROGRAMS & CHIEF GOVERNANCE OFFIC 134690 0 0 0 0 0 5912 0 24893 0 165495 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS ANNUALLY AND REPORTS TO THE FULL BOARD OF DIRECTORS. IF A CONFLICT IS DISCLOSED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF DIRECTORS FOR ANY REQUIRED BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE PRESIDENT & CEO, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS (OR AN INDEPENDENT COMPENSATION CONSULTANT) USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS. ADDITIONALLY, COMPARABLE ORGANIZATION SALARY AND BENEFIT INFORMATION IS COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE BOARD CHAIR, AS WELL AS THE COMPENSATION AND EVALUATION COMMITTEE. THEY PROVIDE ANY RECOMMENDATIONS TO THE FULL BOARD ON A SALARY INCREASE FOR THE PRESIDENT & CEO. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASE IN COMPENSATION FOR THIS POSITION REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE CEO EVALUATION AND COMPENSATION COMMITTEE IS RESPONSIBLE FOR PROVIDING WRITTEN DOUCMENTATION TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARY AND EFFECTIVE DATE. LAST REVIEWED IN 2016. PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE OFFICERS & KEY EMPLOYEES, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS AS WELL AS COMPARABLE ORGANIZATION SALARY INFORMATION COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE PRESIDENT & CEO. BASED ON THE PERFORMANCE EVALUATION OF THESE INDIVIDUALS, THE PRESIDENT & CEO PROVIDES A MEMO TO THE BOARD OF DIRECTORS REOUESTING A COMPENSATION ADJUSTMENT ALONG WITH THE COMPENSATION ANALYSIS AND A PROPOSED BOARD OF DIRECTORS RESOLUTION AUTHORIZING A SALARY INCREASE. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL E-MAIL. ANY INCREASES IN COMPENSATION FOR OFFICERS & KEY EMPLOYEES REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE BOARD OF DIRECTORS THEN PROVIDES WRITTEN APPROVAL TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARIES AND EFFECTIVE DATE. ALTHOUGH MS. PAYNE IS TREATED AS AN OFFICER FOR PURPOSES OF THE 990 AS THE TOP FINANCIAL OFFICIAL, SHE IS NOT A LEGAL OFFICER OF THE CORPORATION AND THEREFORE HER COMPENSATION IS NOT SUBJECT TO THE POLICY LISTED ABOVE. THE LAST TIME THAT BOARDSOURCE HAD EMPLOYEES OTHER THAN THE CEO WHO WERE CLASSIFIED AS OFFICERS OR KEY EMPLOYEES AND WHO RECEIVED A COMPENSATION ADJUSTMENT WAS IN 2012, AT WHICH POINT THIS PROCESS FOR BOARD REVIEW OF COMPENSATION WAS UTILIZED. FORM 990, PART VI, SECTION C, LINE 19 BOARDSOURCE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE BOARDSOURCE WEBSITE.