2016-11-14T12:18:39-06:00 2015-12-31 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2015-01-01 752611922 PROFESSIONAL RETAIL STORE MAINTENANCE ASSOCIATION PROF 9722319810 5000 QUORUM DRIVE No 700 DALLAS TX 75254 Bill Yanek Chief Executive Officer 9722319810 2016-11-14 1 R Michael Sorrells P00001737 2022932200 2015 2017-02-10 21:41:12Z Bill Yanek 5000 QUORUM DRIVE No 700 DALLAS TX 75254 8307352 0 X WWW.PRSM.COM X 1995 TX PRSM COMMITS TO SERVE FACILITIES MANAGEMENT PROFESSIONALS AND TO LEAD THE INDUSTRY BY PROVIDING RESOURCES, SOLUTIONS NETWORKING, AND KNOWLEDGE SHARING. 15 15 0 208 156360 44670 0 0 4621647 5096506 303376 56052 0 0 4925023 5152558 0 0 0 0 1665990 1597577 0 0 0 2790453 2929740 4456443 4527317 468580 625241 8139935 8795767 3109094 3325639 5030841 5470128 X PRSM commits to serve facilities management professionals and to lead the industry by providing resources, solutions networking, and knowledge sharing. 0 0 PRSM'S PURPOSE IS TO EDUCATE MEMBERS IN DIFFERENT AREAS OF RETAIL STORE MAINTENANCE AND TO PROVIDE EVENTS AND PROGRAMS. THIS YEAR THE ORGANIZATION HAD 952 COMPANY MEMBERS, AS WELL AS 3,526 INDIVIDUAL MEMBERS. AMONG PRSM'S ACCOMPLISHMENTS IN 2015:- LAUNCHED A NEW PRSM WEBSITE & X-CHANGE COLLABORATION TOOL TO ENCOURAGE AND FACILITATE SOLUTIONS NETWORKING & ENGAGEMENT.- PUBLISHED 2 BENCHMARKING REPORTS ON INDUSTRY ISSUES & 3 WHITE PAPERS-CREATED JANITORIAL WORKLOAD TOOL-LAUNCHED SOURCING TOOLKIT & FM WIKI. ALSO LAUNCHED ENERGY SYSTEM VALUE PROPOSITION WORKSHEET-EXECUTED THE FACILITIES 101 CURRICULUM AT CONFERENCES AND ON DEMAND WITH A COMPLETION CERTIFICATE PROVIDED.-OFFERED 18 TECHNICAL & FM MANAGEMENT WEBINARS 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 0 1 1 0 0 0 1 1 0 X 15 15 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X The Organization 9722319810 5000 QUORUM DRIVE No 700 DALLAS TX 75254 X Bryan Walker President 3.00 X X 0 0 0 Maureen Lux 1st vice president (until april 15) 3.00 X X 0 0 0 Leigh Pearson 1ST vice president 3.00 X X 0 0 0 Karen Shriner 2ND VICE PRESIDENT 3.00 X X 0 0 0 Tim Christian secretary (until April 15) 3.00 X X 0 0 0 Jason Cherry SECRetary 3.00 X X 0 0 0 Ron Gilcrease treasurer (UNTIL April 15) 3.00 X X 0 0 0 Lisa Varga TREasurer 3.00 X X 0 0 0 Tim Backstrom immediate past pres (until april 15) 3.00 X 0 0 0 Kirk Beaudoin immediate past president 3.00 X 0 0 0 Tom Bonnel BOard Member (as OF aPRIL 15) 3.00 X 0 0 0 Kyle Brekke Board Member (as OF aPRIL 15) 3.00 X 0 0 0 Norm Dutcher Board Member 3.00 X 0 0 0 Bruce Falke Board Member (as OF aPRIL 15) 3.00 X 0 0 0 Donna Fuoco Board Member 3.00 X 0 0 0 Lynn Harnishfeger Board Member 3.00 X 0 0 0 Ashley Hudler Board Member (as OF aPRIL 15) 3.00 X 0 0 0 Beth Huneycutt Board Member (as OF aPRIL 15) 3.00 X 0 0 0 Tonya Martin Board Member (UNTIL APRIL 15) 3.00 X 0 0 0 Ann Moran Board Member (as OF aPRIL 15) 3.00 X 0 0 0 Carl Nottberg Board Member (UNTIL APRIL 15) 3.00 X 0 0 0 Patricia Dameron Executive Director 40.00 X 163752 0 12410 LeeAnn Norton DR, Supplier Relations & Event Mgmt 40.00 X 101466 0 8166 265218 0 20576 2 0 1 1 Freeman PO Box 650036 DALLas TX 75265 MEETING SERVICES 121110 Freeman Audio Visual SOLUTIONS INC PO Box 650519 dallas TX 75265 audio visual SERVICES 114129 2 Conferences & Education 900099 3702579 3702579 Membership Dues 900099 1237567 1237567 Publications 541800 108794 108794 WEB ADVERTISING 541800 47566 47566 5096506 128868 128868 3081978 3154794 -72816 -72816 -72816 5152558 4940146 156360 56052 177288 1290675 129614 11532 73003 32221 172483 193974 187249 171964 131172 158387 1646790 40090 16539 ubit 6701 Sustainability Initiati 78909 Special/International p 17606 Best Practices Program 13196 -22076 4527317 500 500 2977274 3760933 19603 41461 90235 162160 342782 231245 113746 111537 4929096 4709695 9481 9481 8139935 8795767 114303 131751 2940161 3144363 54630 49525 3109094 3325639 X 5030841 5470128 5030841 5470128 8139935 8795767 625241 -185954 0 X X 0 1 X 1 0 0 1 0 342782 231245 111537 111537 deferred rent 49525 49525 X 4966604 -185954 -185954 5152558 0 5152558 4527317 0 4527317 0 4527317 Part X, Line 2: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC) TOPIC 740-10, ACCOUNTING FOR INCOME TAXES, WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL AND STATE TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. North America 0 1 PROGRAM SERVICE ACTIVITIES CONFERENCE 39069 0 1 0 0 0 1 39069 0 39069 0 0 0 0 0 0 X 0 0 0 Patricia Dameron Executive Director 149420 0 13222 0 1110 0 4805 0 8731 0 177288 0 0 0 Part VII ALL PERSONNEL OF PRSM ARE EMPLOYEES OF TRINET, A STAFFING AND HUMAN RESOURCES FIRM. Form 990, Part VI, Section A, line 1 prsm has an executive committee, of which the president is the chairman. all actions of the committee must be submitted to the full board for approval. the committee does not have the authority to transact business or expend funds on behalf of prsm, except where explicit authority has been granted in advance. Form 990, Part VI, Section A, line 4 THE BYLAWS WERE AMENDED IN OCTOBER 2015 AS FOLLOWS: (1) THE OFFICER TITLES WERE CHANGED TO CHAIR, VICE CHAIR, TREASURER, AND SECRETARY (2) THE EXECUTIVE DIRECTOR TITLE WAS CHANGED TO CEO AND THE IMMEDIATE PAST PRESIDENT TITLE WAS CHANGED TO IMMEDIATE PAST CHAIR (3) THE IMMEDIATE PAST CHAIR POSITION WAS MODIFIED TO AN EX-OFFICIO, NON-VOTING POSITION. (4) THE BOARD SIZE WILL DECREASE FROM 15 TO 11 BY 2018 Form 990, Part VI, Section A, line 6 There shall be two (2) classes of membership in the Association: Corporate Retail Member - Retail Corporate membership is open to retailers employing retail facilities maintenance management and nonmanagement, and to retail property firms including property owners, landlords, managers and developers. Individuals employed by companies providing products or services of any kind whatsoever to retailers, except as landlord, property owner or property manager, are ineligible for Retail Corporate membership. SUPPLIER CORPORATE MEMBER - Supplier Corporate membership is open to manufacturers, vendors, consultants, dealers and distributors of retail facility related products or services and property managers and developers of retail properties who provide products and services to retailers other than as landlord, property owner, or property manager. Form 990, Part VI, Section A, line 7a ALL VOTING MEMBERS OF THE ASSOCIATION IN GOOD STANDING ARE QUALIFIED TO VOTE IN THE ELECTION OF DIRECTORS. Form 990, Part VI, Section B, line 11 The form 990 is prepared by an independent accounting firm, reviewed by the organization's management team, and a copy provided to the board prior to filing with the IRS. Form 990, Part VI, Section B, line 12c THE ORGANIZATION'S BOARD MEMBERS SIGN A CONFLICT OF INTEREST AGREEMENT BEFORE TAKING OFFICE. ALL BOARD MEMBERS MUST ABIDE BY THIS AGREEMENT AND SIGN IT ANNUALLY. THE ORGANIZATION REQUIRES BOARD MEMBERS TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST INVOLVING BUSINESS TRANSACTIONS, OTHER ASSOCIATION RELATIONSHIPS, OR ANY OTHER RELATED ACTIVITIES. DIRECTORS WHO MAY BE THE SUBJECT OF A CONFLICT OF INTEREST WITH PRSM BUSINESS SHOULD REPORT IT TO THE BOARD AT THE EARLIEST APPROPRIATE TIME (USUALLY THE NEXT SCHEDULED BOARD MEETING). IF A DIRECTOR DOES NOT DO SO, THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ADDRESSING THIS ISSUE WITH THE RESPECTIVE BOARD MEMBER. OR, IF AN EXECUTIVE COMMITTEE MEMBER IS THE SUBJECT, THE BOARD WILL DETERMINE A RESOLUTION. A DIRECTOR SHOULD RECUSE HIMSELF/HERSELF FROM ANY VOTING OR BUSINESS DECISIONS THAT COULD CREATE A CONFLICT OF INTEREST. IT IS THE RESPONSIBILITY OF THE DIRECTOR TO ENSURE THAT HIS OR HER ABSTENTION IS RECORDED IN THE BOARD MINUTES. THE CONSEQUENCES FOR A BOARD MEMBER KNOWINGLY PARTICIPATING IN A SITUATION INVOLVING A CONFLICT OF INTEREST AND NOT DISCLOSING IT MAY SUBJECT THE DIRECTOR TO REMOVAL FROM OFFICE. THE BOARD WILL ADDRESS ANY POTENTIAL INSTANCES AT ITS NEXT MEETING. Form 990, Part VI, Section B, line 15a COMPENSATION ADMINISTRATIVE PROCESS: 1. DURING THE ANNUAL BUDGET PROCESS, RECOMMENDATIONS WILL BE MADE FOR SALARY INCREASES BASED ON GENERAL COST OF LIVING INCREASES FOR COMPARABLE POSITIONS, AND THE SALARY ADMINISTRATION GUIDELINES. FOR THE CEO, COMPENSATION IS BASED ON INDUSTRY SURVEYS AND ON ACHIEVEMENT OF PERSONAL AND ORGANIZATIONAL GOALS. 2. AT THE END OF EACH FISCAL YEAR, PERFORMANCE EVALUATIONS WILL BE COMPLETED FOR EACH PRSM STAFF MEMBER BY THE EXECUTIVE DIRECTOR OR IMMEDIATE SUPERVISOR. BASED ON THESE EVALUATIONS, THE RATINGS WILL BE USED TO ESTABLISH THE SALARY INCREASE AMOUNT FOR THE CURRENT YEAR. 3. SALARY INCREASES, WHEN WARRANTED, WILL BE EFFECTIVE ON JANUARY 1. THIS DATE COINCIDES WITH THE BEGINNING OF THE FISCAL YEAR. Form 990, Part VI, Section C, line 19 The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. FORM 990, PART XII, LINE 2C: the PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.