2016-08-12T10:18:52-05:00 2015-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2015-01-01 300126510 CENTER FOR AMERICAN PROGRESS CENT 2026821611 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 SHANE BATEMAN CHIEF FINANCIAL OFFICER 2026821611 2016-08-12 1 FRANK H SMITH P00639053 2028225000 2016-08-12 2015 2017-02-10 21:41:12Z SHANE BATEMAN 1333 H STREET NW 10TH FLOOR WASHINGTON DC 20005 50386816 0 X WWW.AMERICANPROGRESS.ORG X 2002 DC NON-PARTISAN RESEARCH AND EDUCATION DEDICATED TO ADVANCING PROGRESSIVE POLICY IDEAS. 12 10 418 10 2031 -2147 44515120 49778104 88544 41334 53292 57105 499134 297733 45156090 50174276 6946513 7661759 0 0 22224840 25285829 128514 0 1131272 13125159 14405273 42425026 47352861 2731064 2821415 55526919 55668101 7606945 6778991 47919974 48889110 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 18497013 877845 41334 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. 6264821 1928875 0 COMMUNICATIONS: THE COMMUNICATIONS TEAM EDUCATED THE PUBLIC AND ASSISTED THE WORK OF POLICY TEAMS BY PROVIDING PRESS, COMMUNICATIONS, AND EVENTS SUPPORT. 5802434 3958500 0 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, BROADCAST, AND ONLINE MEDIA. 11993059 896539 0 OTHER PROGRAM SERVICES 11993059 896539 0 42557327 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 1 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 324 0 1 418 1 1 1 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 3336 0 1212 SENATOR TOM DASCHLE DIRECTOR 1.00 X 0 0 0 GLENN HUTCHINS DIRECTOR 1.00 X 0 0 0 RICHARD LEONE 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 315502 0 34318 CARMEL MARTIN EVP AND TREASURER 39.00 X 236568 0 32042 DEBORAH L FINE SVP,GEN.COUNSL./SEC. - UNTIL 04/2015 33.00 X 59463 0 6444 DEBORAH HOLSTON ACTING SVP, FINANCE - UNTIL 02/2015 33.00 X 133300 0 11017 ALEX DEMOTS GENERAL COUNSEL AND SECRETARY 33.00 X 132454 0 17811 TOREY CARTER-CONNEEN SVP, CHIEF FINANCIAL OFFICER 33.00 X 132087 0 14012 LAWRENCE J KORB SENIOR FELLOW 39.00 X 206501 0 18271 JOHN NORRIS EXEC. DIR., SUSTAIN. SEC. & PEACEBLD 40.00 X 212751 0 24249 WINNIE STACHELBERG EVP, EXTERNAL AFFAIRS 38.00 X 215643 0 25855 JOHN PRENDERGAST FELLOW 40.00 X 208930 0 21538 HEATHER BOUSHEY CHIEF ECONOMIST 40.00 X 198808 0 20739 2055343 0 227508 56 0 1 0 HART RESEARCH ASSOCIATES 1724 CONNECTICUT AVE NW WASHINGTON DC 20009 PUBLIC OPINION POLL 414500 BENENSON STRATEGY GROUP 720 COLORADO BLVD SUITE 500N DENVER CO 80246 PUBLIC OPINION POLL 275000 CWPS PO BOX 37567 BALTIMORE MD 212973567 IT CONSULTING 263944 CATHLEEN KELLY 8 PINE AVENUE TAKOMA PARK MD 20912 POLICY CONSULTANT 197280 MARKHAM GROUP LLC 1000 WEST 3RD STREET LITTLE ROCK AR 72201 CONSULTING 153560 11 843788 48934316 702990 49778104 PROGRAM SERVICE INCOME 900099 41334 41334 41334 57105 57105 39600 843788 212540 -172940 -172940 SUBLEASE INCOME 900099 294702 294702 OTHER INCOME 900099 145049 145049 OFFICE SHARING INCOME 900099 28891 28891 2031 2031 470673 50174276 41334 2031 352807 X 7587959 7587959 73800 73800 1129565 524643 503582 101340 20041848 17711591 1826574 503683 978740 871397 85967 21376 1545778 1351616 151752 42410 1589898 1373023 172389 44486 110596 59639 50720 237 48415 33613 13716 1086 5278457 5059871 205391 13195 26200 26200 1112882 809172 105550 198160 687370 589300 81558 16512 2775960 2399519 299348 77093 1550385 1488853 19118 42414 533735 491298 8003 34434 598110 519115 62817 16178 107448 93216 11317 2915 PUBLIC OPINION ANALYSIS 846562 846562 MISCELLANEOUS 335053 282445 42182 10426 COMMISSIONED PAPERS 271900 271900 SUBSCRIPTIONS 122200 92595 24278 5327 47352861 42557327 3664262 1131272 6592968 5572015 30181881 35831507 12941433 7737884 85094 688145 7738 0 1664584 419125 9759520 7448337 2542374 2311183 267365 266001 1243482 2842241 55526919 55668101 2635466 2226769 4971479 4552222 7606945 6778991 X 27082511 29502011 20837463 19387099 47919974 48889110 55526919 55668101 X 2821415 -1852279 X 0 1 X 1 0 X 33795845 38215459 40013311 44515120 49352217 205891952 33795845 38215459 40013311 44515120 49352217 205891952 63151901 142740051 372227 549349 676309 560095 351807 2509787 10447 5162 15609 303688 110466 128836 119705 173940 836635 209253983 1700032 0.68210 0.69710 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2011 AMOUNT: $ 239,418. 2012 AMOUNT: $ 21,309. 2013 AMOUNT: $ 35,832. 2014 AMOUNT: $ 56,846. 2015 AMOUNT: $ 145,049. OFFICE SHARING INCOME - 2011 AMOUNT: $ 64,270. 2012 AMOUNT: $ 89,157. 2013 AMOUNT: $ 93,004. 2014 AMOUNT: $ 62,859. 2015 AMOUNT: $ 28,891. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35212 41858 77070 49128071 49205141 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 54642 32705 77430 77070 241847 250000 250000 250000 250000 1000000 1500000 53856 4686 39780 35212 133534 4132005 2759407 1372598 2446974 2070264 376710 3180541 2618666 561875 2311183 DUE FROM CENTER FOR AMERICAN PROGRESS ACTION FUND 2842241 2842241 TENANT DEPOSITS 21000 DEFERRED LEASE OBLIGATIONS 4265221 DEFERRED COMPENSATION OBLIGATION 266001 4552222 X 50386816 212540 212540 50174276 0 50174276 47565401 212540 212540 47352861 0 47352861 PART X, LINE 2: IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740, INCOME TAXES, CAP HAS EVALUATED ITS INCOME TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014, AND DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS EXIST AND, ACCORDINGLY, CAP HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED INCOME TAX. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 212,540. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 212,540. EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 275989 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 331604 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 12834 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 33701 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA, FASO, 0 7 PROGRAM SERVICES PUBLIC POLICY RESEARCH 71088 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES PUBLIC POLICY RESEARCH 7425 0 7 0 0 0 7 732641 0 732641 0 0 0 0 0 1 ANNUAL DINNER 883388 843788 39600 0 0 0 60153 0 152387 883388 843788 39600 60153 152387 212540 -172940 1 CENTER FOR AMERICAN PROGRESS ACTION FUND 1333 H ST NW 10TH FLOOR WASHINGTON DC 20005 300192708 501(C)(4) 4690374 PUBLIC EDUCATION AND ADVOCACY. CENTER ON BUDGET & POLICY PRIORITIES 820 1ST STREET NE WASHINGTON DC 20002 521234565 501(C)(3) 540000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. CENTER FOR LAW & SOCIAL POLICY 1200 18TH STREET NW WASHINGTON DC 20036 237000150 501(C)(3) 530000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. GEORGETOWN UNIVERSITY LAW 600 NEW JERSEY AVENUE WASHINGTON DC 20001 530196603 501(C)(3) 360000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PRESIDENT & FELLOWS OF HARVARD PO BOX 415649 BOSTON MA 02241 042103580 501(C)(3) 195000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. THE REGENTS OF THE UNIVERSITY OF CALIF 9500 GILMAN DRIVE LA JOLLA CA 92093 946002123 501(C)(3) 121500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. TRUSTEES OF PRINCETON UNIVERSITY 701 CARNEGIE CENTER PRINCETON NJ 08540 210634501 501(C)(3) 95167 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. TEXAS RESEARCH INSTITUTE 500 SAN MARCOS STREET AUSTIN TX 78702 611639490 501(C)(3) 75000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. COLORADO CIVIC ENGAGEMENT ROUNDTABLE PO BOX 1620 DENVER CO 80201 020758897 501(C)(3) 75000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESS FLORIDA EDUCATION INSTITUTE 1010 CENTRAL AVENUE ST PETERBURG FL 33705 454469756 501(C)(3) 75000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UNIVERSITY SYSTEM OF MARYLAND FOUNDATION 3300 METZEROTT ROAD ADELPHI MD 20783 521125663 501(C)(3) 70000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. KEYSTONE RESEARCH CENTER INC 412 NORTH 3RD STREET HARRISBURG PA 17101 251776998 501(C)(3) 60000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UNIVERSITY OF CHICAGO 5235 SOUTH HARPER COURT CHICAGO IL 60615 362177139 501(C)(3) 43000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. INSTITUTE FOR A PROGRESSIVE NEVADA 2657 WINDMILL PARKWAY HENDERSON NV 89074 270854756 501(C)(3) 37500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESIVE LEADERSHIP ALLIANCE OF NEVADA 708 S 6TH STREET LAS VEGAS NV 89101 880318655 501(C)(3) 37500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. THE BOARD OF REGENTS AT THE UNVI OF WICONSIN 1180 OBSERVATORY MADISON WI 53706 391946077 501(C)(3) 33004 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PROGRESSNOW EDUCATION 5922 EXCELSIOR BOULEVARD MINNEAPOLIS MN 55416 208720291 501(C)(3) 30000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. REGENTS OF THE UNIVERSITY OF MINNESOTA PO BOX 1450 MINNEAPOLIS MN 55485 416007513 501(C)(3) 27000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. THE NEW SCHOOL 79 5TH AVENUE 17TH FLOOR NEW YORK NY 10003 133297197 501(C)(3) 26000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. ONE IOWA EDUCATION FUND 3839 MERLE HAT ROAD DES MOINES IA 50310 721613927 501(C)(3) 25000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. CORNELL UNIVERSITY PO BOX 22 ITHACA NY 14851 150532082 501(C)(3) 22500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PERI SUPPORT FUND INC 418 NORTH PLEASANT STREET AMERST MA 01002 200217550 501(C)(3) 22500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. ISTITUTO AFFAIR INTERNAZIONALI VIA ANGELO BURENTTI 9 ROMA IT 00186 22336 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UNIVERSITY OF MASSACHUETTS FOUNDATION 225 FRANKLIN STREET BOSTON MA 02110 046013152 501(C)(3) 20000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UC HASTING FOUDATION 200 MCALLISTER STREET SAN FRANCISCO CA 94102 237135898 501(C)(3) 20000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICAN STATE LEGISLATORS FOR GUN VIOLENCE PREVENTION PO BOX 616 NEW YORK NY 10159 043269143 501(C)(3) 20000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. KEYSTONE PROGRESSIVE EDUCATION FUND 2973 JEFFERSON STREET HARRISBURG PA 17110 264311107 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. IOWA CITIZEN ACTION NETWORK EDUCATION FOUNDATION 941 25TH AVENUE CORALVILLE IA 52241 411208327 501(C)(3) 15000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. NEW VENTURE FUND 1201 CONNECTICUT AVENUE NW WASHINGTON DC 20036 205806345 501(C)(3) 14780 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. PATHWAYS PA 310 AMOSLAND ROAD HOLMES PA 19043 232001837 501(C)(3) 12500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. AMERICAN WOMEN 1800 M STREET NW WASHINGTON DC 20036 461067490 501(C)(4) 10000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. THE REGENTS OF THE UNIVERSITY OF MICHIGAN BOX 223131 PITTSBURGH PA 15251 396006309 501(C)(3) 10000 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. DUKE UNIVERSITY PO BOX 602651 CHARLOTTE NC 28260 581447425 501(C)(3) 7500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. UNIVERSITY OF OREGON PO BOX 3237 EUGENE OR 97403 464727800 501(C)(3) 7500 SUPPORT CHARITABLE EDUCATIONAL ACTIVITIES. 31 3 JOURNALISM 23 6300 ECONOMIC RESEARCH GRANT 9 67500 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 315502 0 0 0 0 0 28395 0 5923 0 349820 0 0 0 CARMEL MARTIN EVP AND TREASURER 236568 0 0 0 0 0 18925 0 13117 0 268610 0 0 0 ALEX DEMOTS GENERAL COUNSEL AND SECRETARY 132454 0 0 0 0 0 6623 0 11188 0 150265 0 0 0 LAWRENCE J KORB SENIOR FELLOW 206501 0 0 0 0 0 7789 0 10482 0 224772 0 0 0 JOHN NORRIS EXEC. DIR., SUSTAIN. SEC. & PEACEBLD 212751 0 0 0 0 0 10638 0 13611 0 237000 0 0 0 WINNIE STACHELBERG EVP, EXTERNAL AFFAIRS 215643 0 0 0 0 0 18353 0 7502 0 241498 0 0 0 JOHN PRENDERGAST FELLOW 208930 0 0 0 0 0 10446 0 11092 0 230468 0 0 0 HEATHER BOUSHEY CHIEF ECONOMIST 198808 0 0 0 0 0 9940 0 10799 0 219547 0 0 0 EMILY SUSSMAN DAUGHTER OF DONALD SUSSMAN, DIRECTOR 52499 EMILY IS THE MANAGING DIRECTOR OF CAMPAIGNS AND RECEIVED $47,178 IN COMPENSATION AND $5,231 IN NONTAXABLE BENEFITS DURING THE YEAR ENDED DECEMBER 31, 2015. 0 X 12 643280 FMV X SOFTWARE 1 59710 FMV 0 0 0 FORM 990, PART III, LINE 3 EFFECTIVE DECEMBER 31, 2015, CAP TRANSFERRED ALL PROGRAM WORK OF THE ENOUGH! PROGRAM TO A NEW FISCAL SPONSOR, NEW VENTURE FUND (NVF). CAP ALSO 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 11 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 AN INFLATION ADJUSTED THRESHOLD. 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 AND THE FEDERAL FORM 990-T 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. FORM 990, PART IX, LINE 11G OTHER CONSULTING: PROGRAM SERVICE EXPENSES 3,719,170. MANAGEMENT AND GENERAL EXPENSES 199,006. FUNDRAISING EXPENSES 6,659. TOTAL EXPENSES 3,924,835. FELLOWSHIPS & STIPENDS: PROGRAM SERVICE EXPENSES 1,307,715. MANAGEMENT AND GENERAL EXPENSES 6,315. FUNDRAISING EXPENSES 5,409. TOTAL EXPENSES 1,319,439. PHOTOGRAPHY: PROGRAM SERVICE EXPENSES 32,986. MANAGEMENT AND GENERAL EXPENSES 70. FUNDRAISING EXPENSES 1,127. TOTAL EXPENSES 34,183. FORM 990, PART XI, LINE 9: TRANSFER OF RESTRICTED NET ASSETS TO NEW ENTITIES -1,852,279.