FINANCIAL ACCOUNTING FOUNDATION: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization: FINANCIAL ACCOUNTING FOUNDATION (EIN 23-7211935)
Tax period: 2015-01-01 to 2015-12-31
Filed: 2016-05-12
IRS object ID: 201611339349303136
Schema version: 2015v2.1
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule C
Schedule D
Schedule F
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2016-05-12T12:40:35-05:00	ReturnTs
Tax Period End	2015-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	420714325	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	RSM US LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1861 INTERNATIONAL DRIVE SUITE 400	AddressLine1Txt
City	MCLEAN	CityNm
State Abbreviation	VA	StateAbbreviationCd
ZIP	22102	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2015-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	237211935	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	FINANCIAL ACCOUNTING FOUNDATION	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	FINA	BusinessNameControlTxt
Phone	2038470700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 MERRITT 7 PO BOX 5116	AddressLine1Txt
City	NORWALK	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06856	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	TERESA S POLLEY	PersonNm
Person Title	PRESIDENT AND CEO	PersonTitleTxt
Phone	2038470700	PhoneNum
Signature	2016-05-12	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	JAMES SWEENEY	PreparerPersonNm
PTIN	P01263012	PTIN
Phone	7033366400	PhoneNum

Field	Value	IRS element (for citing)
Tax	2015	TaxYr
Build TS	2016-09-27 15:27:22Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	TERESA S POLLEY	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 MERRITT 7 PO BOX 5116	AddressLine1Txt
City	NORWALK	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06856	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$51,701,153	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	ACCOUNTINGFOUNDATION.ORG,FASB.ORG,GASB.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1972	FormationYr
Legal Domicile State	DE	LegalDomicileStateCd
Activity Or Mission	THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION RESPONSIBLE FOR THE OVERSIGHT, ADMINISTRATION, FINANCING AND APPOINTMENT OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) AND THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS.	ActivityOrMissionDesc
Voting Members Governing Body	16	VotingMembersGoverningBodyCnt
Voting Members Independent	16	VotingMembersIndependentCnt
Total Employee	193	TotalEmployeeCnt
Total Volunteers	150	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$0	PYProgramServiceRevenueAmt
CY Program Service Revenue	$0	CYProgramServiceRevenueAmt
PY Investment Income	$924,706	PYInvestmentIncomeAmt
CY Investment Income	$845,211	CYInvestmentIncomeAmt
PY Other Revenue	$47,680,134	PYOtherRevenueAmt
CY Other Revenue	$48,451,498	CYOtherRevenueAmt
PY Total Revenue	$48,604,840	PYTotalRevenueAmt
CY Total Revenue	$49,296,709	CYTotalRevenueAmt
PY Grants And Similar Paid	$3,000,000	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$36,718,671	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$39,310,339	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,240,436	PYOtherExpensesAmt
CY Other Expenses	$14,981,829	CYOtherExpensesAmt
PY Total Expenses	$52,959,107	PYTotalExpensesAmt
CY Total Expenses	$54,292,168	CYTotalExpensesAmt
PY Revenues Less Expenses	-$4,354,267	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$4,995,459	CYRevenuesLessExpensesAmt
Total Assets BOY	$93,190,840	TotalAssetsBOYAmt
Total Assets EOY	$86,612,474	TotalAssetsEOYAmt
Total Liabilities BOY	$19,091,101	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$17,247,619	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$74,099,739	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$69,364,855	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS TO PROVIDE USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS AND TO EDUCATE STAKEHOLDERS ON HOW TO MOST EFFECTIVELY UNDERSTAND AND IMPLEMENT THOSE STANDARDS.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$34,558,346	ExpenseAmt
Revenue	$39,526,073	RevenueAmt
Desc	FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC)ESTABLISHED IN 1973, THE FASB IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION, BASED IN NORWALK, CONNECTICUT, THAT ESTABLISHES FINANCIAL ACCOUNTING AND REPORTING STANDARDS FOR PUBLIC AND PRIVATE COMPANIES AND NOT-FOR-PROFIT ORGANIZATIONS THAT FOLLOW GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). THE FASB IS RECOGNIZED BY THE SECURITIES AND EXCHANGE COMMISSION AS THE DESIGNATED ACCOUNTING STANDARD SETTER FOR PUBLIC COMPANIES. FASB STANDARDS ARE RECOGNIZED AS AUTHORITATIVE BY MANY OTHER ORGANIZATIONS, INCLUDING STATE BOARDS OF ACCOUNTANCY AND THE AMERICAN INSTITUTE OF CPAS (AICPA). THE FASB DEVELOPS AND ISSUES FINANCIAL ACCOUNTING STANDARDS THROUGH A TRANSPARENT AND INCLUSIVE PROCESS INTENDED TO PROMOTE FINANCIAL REPORTING THAT PROVIDES USEFUL INFORMATION TO INVESTORS AND OTHERS WHO USE FINANCIAL REPORTS. THE FINANCIAL ACCOUNTING FOUNDATION (FAF) SUPPORTS AND OVERSEES THE FASB. THE FASB'S AGENDA FOR 2015 INCLUDED A FOCUS ON THE FOLLOWING:- FOUNDATIONAL PROJECTS THAT DEFINE LONG-TERM STANDARD-SETTING GOALS THAT OVER TIME WILL HELP KEEP US FOCUSED ON THE CRITICAL ISSUES MOST IMPORTANT TO STAKEHOLDERS. - SHORT-TERM SIMPLIFICATION PROJECTS THAT TARGET IMMEDIATE AREAS OF IMPROVEMENT. - ADDRESSING COMPLEXITY IN ONGOING MAJOR PROJECTS SO THAT ISSUES ARE RESOLVED BEFORE THE FINAL ACCOUNTING STANDARDS UPDATES ARE IMPLEMENTED.- COST-BENEFIT ASSESSMENTS THAT WERE CONDUCTED ON PROJECTS IN PROGRESS. THE FOLLOWING ARE SOME SPECIFIC ACCOMPLISHMENTS AND INITIATIVES IN 2015 RELATED TO THESE AGENDA ITEMS AND IMPROVING GAAP IN GENERAL. HOWEVER, FOR A COMPLETE AND DETAILED DESCRIPTION OF THE WORK OF THE FASB, CURRENT AND COMPLETED PROJECTS, TIMETABLES AND OTHER INFORMATION, PLEASE VISIT FASB.ORG. IN ADDITION, THE FAF ANNUAL REPORT PROVIDES A DETAILED TIMETABLE OF FASB'S 2015 ACCOMPLISHMENTS AND CAN BE FOUND AT ACCOUNTINGFOUNDATION.ORG.THE FASB CONTINUED ITS WORK TOWARD THE DEVELOPMENT OF MORE COMPARABLE GLOBAL ACCOUNTING STANDARDS THROUGH COLLABORATION WITH THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) AND NATIONAL STANDARDS SETTERS. IN NOVEMBER 2015, THE FASB APPROVED A NEW LEASES STANDARD, COMPLETING ANOTHER OF ITS MAJOR PROJECTS WITH THE IASB. DURING 2015, THE FASB ALSO CONTINUED WORK ON OTHER PROJECTS ON WHICH IT HAD WORKED JOINTLY WITH THE IASB. OF PARTICULAR NOTE IS THE PROJECT ON MEASURING CREDIT LOSSES FOR LOANS AND OTHER FINANCIAL INSTRUMENTS. A FINAL STANDARD IS TO BE PUBLISHED IN MID-2016. IN ADDITION, FASB CONTINUED AS A MEMBER OF THE IASB'S ACCOUNTING STANDARDS ADVISORY FORUM (ASAF), A FORUM WHICH ALLOWS FASB REPRESENTATIVES TO PROVIDE U.S. INPUT INTO THE DEVELOPMENT OF IFRS, AND THE INTERNATIONAL FORUM OF ACCOUNTING STANDARDS SETTERS (IFASS), A FORUM WHICH ALLOWS FASB REPRESENTATIVES TO ENGAGE WITH OTHER NATIONAL STANDARDS SETTERS IN DISCUSSING AND COMPARING APPROACHES TO COMMON ISSUES AND CHALLENGES. DURING 2015, THE FASB ALSO ENGAGED IN SIGNIFICANT EFFORTS RELATED TO IMPLEMENTING MAJOR RECENT AND PENDING STANDARDS. THROUGHOUT THE YEAR, THE FASB, ALONG WITH ITS REVENUE RECOGNITION TRANSITION RESOURCE GROUP(TRG), MADE SIGNIFICANT PROGRESS IN CONSIDERING IMPLEMENTATION ISSUES RELATED TO THE GUIDANCE ON REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606) (PUBLISHED IN 2014). IN LATE 2015, THE FASB CONVENED A TRG FOR THE UPCOMING FINAL CREDIT LOSSES STANDARD. THE MEMBERS OF THAT TRG INCLUDE FINANCIAL STATEMENT PREPARERS (INCLUDING COMMUNITY BANKS AND CREDIT UNIONS), AUDITORS, USERS, AND REGULATORS. THE TRG WAS CREATED PRIOR TO THE ISSUANCE OF THE FINAL STANDARD SO THAT MEMBERS COULD REVIEW AND PROVIDE INPUT ON THE DRAFT GUIDANCE BEFORE IT IS FINAL. THE TRG WILL CONTINUE TO HELP THE FASB PROACTIVELY ADDRESS QUESTIONS AND CONCERNS FROM A WIDE VARIETY OF STAKEHOLDERS, INCLUDING COMMUNITY BANKS AND CREDIT UNIONS.THE FASB COMPLETED A VARIETY OF PROJECTS TO IMPROVE ASPECTS OF GAAP, ISSUING 17 FINAL ACCOUNTING STANDARDS UPDATES (ASUS) IN 2015. AMONG THE IMPROVEMENTS WERE CERTAIN TARGETED IMPROVEMENTS TO THE FINANCIAL STATEMENTS OF EMPLOYEE BENEFIT PLANS.THE PRIVATE COMPANY COUNCIL (PCC) CONTINUED ITS WORK WITH IMPROVEMENTS THAT ADDRESS THE NEEDS OF PRIVATE COMPANY USERS OF FINANCIAL STATEMENTS IN THE STANDARDS DEVELOPMENT PROCESS AND WAS INSTRUMENTAL IN DEVELOPING A NUMBER OF ASUS, THROUGH DELIBERATION OR ADVISEMENT OF THE FASB. THE FASB CONTINUED ITS PROJECT ON IMPROVING THE FINANCIAL STATEMENTS OF NOT-FOR-PROFIT ORGANIZATIONS, ISSUING A PROPOSAL FOR PUBLIC COMMENT IN APRIL 2015. AFTER RECEIVING FEEDBACK FROM RESPONDENTS TO THAT PROPOSAL, THE FASB DECIDED TO SPLIT THE PROJECT INTO TWO PHASES, WITH THE AIM OF ISSUING A FINAL ASU ON THE FIRST PHASE IN MID-2016. THE FASB ALSO CONTINUED THE DEVELOPMENT OF THE GAAP FINANCIAL REPORTING TAXONOMY (TAXONOMY) FOR EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL). THE POST-IMPLEMENTATION REVIEW PROCESS (PIR), WHICH REVIEWS THE EFFECTIVENESS OF SIGNIFICANT STANDARDS THAT HAVE BEEN IN PLACE FOR AT LEAST TWO YEARS, CONTINUED WITH THE COMPLETION OF ONE FASB STANDARDS PROJECT. OUTREACH AND OTHER STAKEHOLDER COMMUNICATIONS CONTINUED TO BE EXTENSIVE WITH NUMEROUS MEETINGS WITH LIAISON GROUPS, REPRESENTATIVES OF USERS, PREPARERS, AND AUDITORS, AND OTHER STAKEHOLDERS. OUTREACH ACTIVITIES ALSO INCLUDES VARIOUS COMMUNICATIONS, EDUCATIONAL MATERIALS AND OTHER ACTIVITIES INCLUDING:- FASB MEMBERS AND STAFF DELIVERED SPEECHES AT 121 DIFFERENT CONFERENCES DURING THE YEAR- 53 PRESS RELEASES, MEDIA ADVISORIES AND TWEETS WERE SENT ON A VARIETY OF FASB STANDARD SETTING ACTIVITIES- 15 EDUCATIONAL WEBCASTS AND VIDEOS WERE PROVIDEDTHE FASAC, WHICH COMPRISES 35 MEMBERS WHO REPRESENT A BROAD CROSS-SECTION OF THE FASB'S STAKEHOLDERS, MET FOUR TIMES IN 2015. THE PRIMARY FUNCTION OF FASAC IS TO ADVISE THE FASB ON ISSUES RELATED TO PROJECTS ON THE FASB'S AGENDA, POSSIBLE NEW AGENDA ITEMS, PROJECT PRIORITIES, PROCEDURAL MATTERS THAT MAY REQUIRE THE ATTENTION OF THE FASB, AND OTHER MATTERS AS REQUESTED.FASB'S OTHER ADVISORY GROUPS, INCLUDING THE INVESTOR ADVISORY COMMITTEE, THE NOT-FOR-PROFIT ADVISORY COMMITTEE, AND THE SMALL BUSINESS ADVISORY COMMITTEE, EMERGING ISSUES TASK FORCE ALL HELD MEETINGS IN 2015 TO SUPPORT THE EFFORTS OF THE FASB.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$8,648,798	ExpenseAmt
Revenue	$8,918,045	RevenueAmt
Desc	GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC)ESTABLISHED IN 1984, THE GASB IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION, BASED IN NORWALK, CONNECTICUT, THAT ESTABLISHES FINANCIAL ACCOUNTING AND REPORTING STANDARDS FOR U.S. STATE AND LOCAL GOVERNMENTS THAT FOLLOW GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP). THESE STANDARDS ARE RECOGNIZED AS AUTHORITATIVE BY STATE AND LOCAL GOVERNMENTS; STATE BOARDS OF ACCOUNTANCY; AND THE AMERICAN INSTITUTE OF CPAS (AICPA). THE GASB DEVELOPS AND ISSUES FINANCIAL ACCOUNTING STANDARDS THROUGH A TRANSPARENT AND INCLUSIVE PROCESS INTENDED TO PROMOTE FINANCIAL REPORTING THAT PROVIDES USEFUL INFORMATION TO TAXPAYERS, PUBLIC OFFICIALS, INVESTORS, AND OTHERS WHO USE FINANCIAL REPORTS. THE FINANCIAL ACCOUNTING FOUNDATION (FAF) SUPPORTS AND OVERSEES THE GASB. WHETHER SETTING NEW STANDARDS, IMPROVING EXISTING ONES, OR HELPING CONSTITUENTS TO IMPLEMENT AND UNDERSTAND THOSE STANDARDS, GASB'S AIM IS TO PROMOTE GREATER TRANSPARENCY, TO SUPPORT WELL-INFORMED DECISION MAKING, AND TO HELP USERS ASSESS A GOVERNMENT'S FINANCIAL ACCOUNTABILITY. FOR A COMPLETE AND DETAILED DESCRIPTION OF THE WORK OF THE GASB, CURRENT AND COMPLETED PROJECTS, TIMETABLES AND OTHER INFORMATION, PLEASE VISIT GASB.ORG. IN ADDITION, THE FAF ANNUAL REPORT PROVIDES A DETAILED TIMETABLE OF GASB'S 2015 ACCOMPLISHMENTS AND CAN BE FOUND AT ACCOUNTINGFOUNDATION.ORG. BELOW ARE SOME OF THE KEY HIGHLIGHTS IN 2015. IN 2015, GASB ISSUED EIGHT FINAL STATEMENTS, WHICH INCLUDED THE FOLLOWING:GASB STATEMENT NO. 72, FAIR VALUE MEASUREMENT AND APPLICATION, DEFINES FAIR VALUE AND DESCRIBES HOW FAIR VALUE SHOULD BE MEASURED, WHAT ASSETS AND LIABILITIES SHOULD BE MEASURED AT FAIR VALUE, AND WHAT INFORMATION ABOUT FAIR VALUE SHOULD BE DISCLOSED IN THE NOTES TO THE FINANCIAL STATEMENTS.GASB STATEMENT NO. 74, FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFIT PLANS OTHER THAN PENSION PLANS, ADDRESSES REPORTING BY OPEB PLANS THAT ADMINISTER RETIREE HEALTHCARE AND OTHER BENEFITS ON BEHALF OF GOVERNMENTS. GASB STATEMENT NO. 75, ACCOUNTING AND FINANCIAL REPORTING FOR POSTEMPLOYMENT BENEFITS OTHER THAN PENSIONS, ADDRESSES REPORTING BY GOVERNMENTS THAT PROVIDE OPEB TO THEIR EMPLOYEES AND FOR GOVERNMENTS THAT FINANCE OPEB FOR EMPLOYEES OF OTHER GOVERNMENTS.GASB STATEMENT NO. 77, TAX ABATEMENT DISCLOSURES, ADDRESSES REPORTING FOR TAX ABATEMENTS AGREEMENTS ENTERED INTO BY GOVERNMENTS, INCLUDING DESCRIPTIVE INFORMATION ABOUT THE AGREEMENTS AND THE AMOUNT OF TAXES ABATED AS A RESULT OF THOSE AGREEMENTS. WHILE THE MAJORITY OF ITS TIME IS DEVOTED TO DEVELOPING ACCOUNTING AND FINANCIAL REPORTING STANDARDS, THE GASB STAFF ALSO HELPS STAKEHOLDERS UNDERSTAND AND IMPLEMENT STANDARDS BY PROVIDING THEM WITH DIRECT ASSISTANCE ADDRESSING THEIR SPECIFIC FACTS AND CIRCUMSTANCES. OUTREACH AND OTHER STAKEHOLDER COMMUNICATIONS CONTINUED TO BE EXTENSIVE WITH NUMEROUS MEETINGS WITH LIAISON GROUPS, DIFFERENT REPRESENTATIVES OF USERS, PREPARERS, AND AUDITORS, AND OTHER STAKEHOLDERS. DURING 2015, GASB MEMBERS AND STAFF DELIVERED SPEECHES AT 119 DIFFERENT CONFERENCES DURING THE YEAR. THE GASB ISSUED 16 PRESS RELEASES, SENT MEDIA ADVISORIES AND TWEETS ON A VARIETY OF GASB STANDARD SETTING ACTIVITIES AND OFFERED 10 EDUCATIONAL WEBCASTS AND VIDEOS. THE POST-IMPLEMENTATION REVIEW PROCESS (PIR), WHICH REVIEWS THE EFFECTIVENESS OF SIGNIFICANT STANDARDS THAT HAVE BEEN IN PLACE FOR AT LEAST THREE YEARS, CONTINUED WITH THE COMPLETION OF ONE GASB STANDARDS PROJECT. THE THIRTY-ONE MEMBER GASAC IS AN ORGANIZATION OF KNOWLEDGEABLE AND EXPERIENCED PROFESSIONALS REPRESENTING THE GASB'S VARIED STAKEHOLDERS WHO VOLUNTEER THEIR SERVICES TO WORK WITH THE GASB IN AN ADVISORY CAPACITY TO ENHANCE THE STANDARD SETTING PROCESS BY CONSULTING WITH THE GASB ON TECHNICAL ISSUES, PROJECT PRIORITIES, AND OTHER MATTERS LIKELY TO CONCERN THE GASB. IN 2015, THE GASAC HELD THREE MEETINGS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$43,207,144	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	Yes (1)	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Temp Or Permanent Endowments	0	TempOrPermanentEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	Yes (1)	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With Officer Ent	0	BusinessRlnWithOfficerEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	99	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	193	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	16	GoverningBodyVotingMembersCnt
Independent Voting Member	16	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	CT	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DE	StatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is Fld	DC	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	PETER SPENCER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2038470700	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	401 MERRITT 7 PO BOX 5116	AddressLine1Txt
City	NORWALK	CityNm
State Abbreviation	CT	StateAbbreviationCd
ZIP	06856	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Key EmployeeKeyEmployeeInd	Highest Compensated EmployeeHighestCompensatedEmployeeInd
JEFFREY J DIERMEIER
TRUSTEE, CHAIRMAN	8.00	Yes (X)	Yes (X)	$150,000	$0	$0
CAROL A JOHN DAVIDSON
TRUSTEE, VICE CHAIRMAN	5.00	Yes (X)	Yes (X)	$72,000	$0	$0
ANN MARIE PETACH
TRUSTEE	3.00	Yes (X)	Yes (X)	$60,000	$0	$0
LUIS M VICEIRA
TRUSTEE	3.00	Yes (X)		$2,500	$0	$0
EDWARD E NUSBAUM
TRUSTEE	3.00	Yes (X)		$0	$0	$0
STEPHEN R HOWE JR
TRUSTEE	3.00	Yes (X)		$0	$0	$0
MICHELLE R SEITZ
TRUSTEE	3.00	Yes (X)		$72,000	$0	$0
W DANIEL EBERSOLE
TRUSTEE	3.00	Yes (X)		$72,000	$0	$0
PAUL G CAMELL
TRUSTEE	3.00	Yes (X)		$72,000	$0	$0
CHARLES S COX
TRUSTEE	3.00	Yes (X)		$60,000	$0	$0
JOHN C DUGAN
TRUSTEE	3.00	Yes (X)		$60,000	$0	$0
TERRY D WARFIELD
TRUSTEE	3.00	Yes (X)		$72,000	$0	$0
WMMACK LAWHON
TRUSTEE	4.00	Yes (X)		$72,000	$0	$0
MYRA R DRUCKER
TRUSTEE	3.00	Yes (X)		$57,500	$0	$0
ANN M SPRUILL
TRUSTEE	3.00	Yes (X)		$60,000	$0	$0
GARY H BRUEBAKER
TRUSTEE	3.00	Yes (X)		$0	$0	$0
TERESA S POLLEY
PRESIDENT	40.00		Yes (X)	$717,146	$0	$41,089
MARY P CROTTY
CHIEF OPERATING OFFICER	40.00		Yes (X)	$382,145	$0	$61,903
JEFFREY W RUBIN
VICE PRESIDENT AND GENERAL	40.00		Yes (X)	$380,966	$0	$97,710
RONALD P GUERRETTE
VICE PRESIDENT	40.00		Yes (X)	$366,547	$0	$50,466
RUSSELL G GOLDEN
CHAIRMAN, FASB	40.00			$1,045,527	$0	$69,283	Yes (X)
DAVID A VAUDT
CHAIRMAN, GASB	40.00			$512,011	$0	$82,566	Yes (X)
JAMES L KROEKER
VICE CHAIRMAN, FASB	40.00			$894,504	$0	$58,182	Yes (X)
LAWRENCE W SMITH
BOARD MEMBER	40.00			$970,852	$0	$72,961		Yes (X)
MARC A SIEGEL
BOARD MEMBER	40.00			$788,862	$0	$72,644		Yes (X)
THOMAS J LINSMEIER
BOARD MEMBER	40.00			$858,462	$0	$82,226		Yes (X)
DARYL E BUCK
BOARD MEMBER	40.00			$793,601	$0	$72,677		Yes (X)
R HAROLD SCHROEDER
BOARD MEMBER	40.00			$806,778	$0	$94,484		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$9,399,401	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$856,191	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	103	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
OVITAS
60 MALL ROAD	BURLINGTON	MA	01803	IT SERVICES AND CONSULTING	$1,292,912
SPENCER STUART
PO BOX 98891	CHICAGO	IL	60693	EXECUTIVE RECRUITING	$695,799
PWC
400 CAMPUS DRIVE	FLORHAM PARK	NJ	07932	PAYMENTS FOR FELLOWS	$555,666
ADVANCED COMPUTER TECHNOLOGIES
108 MAIN STREET	NORWALK	CT	06851	IT CONSULTANT	$510,436
K&L GATES
1601 K STREET NW	WASHINGTON	DC	20006	CONSULTANT EXTERNAL RELATIONS	$457,855

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	16	CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$766,449	TotalRevenueColumnAmt
Exclusion	$766,449	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$7,380	TotalRevenueColumnAmt
Exclusion	$7,380	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$2,174,573	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$2,095,811	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	$78,762	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$78,762	TotalRevenueColumnAmt
Exclusion	$78,762	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$437,871	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$308,633	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$129,238	TotalRevenueColumnAmt
Related Or Exempt Func Income	$129,238	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACCOUNTING SUPPORT FEES	900099	$31,264,665	$31,264,665
LICENSE FEE AND SUBSCRIPTION REVE	900099	$17,043,243	$17,043,243
OTHER REVENUE	900099	$6,972	$6,972

Field	Value	IRS element (for citing)
Other Revenue Total	$48,314,880	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$49,296,709	TotalRevenueColumnAmt
Related Or Exempt Func Income	$48,444,118	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$852,591	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,692,044	TotalAmt
Program Services	$2,662,072	ProgramServicesAmt
Management And General	$3,029,972	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$26,796,928	TotalAmt
Program Services	$24,022,018	ProgramServicesAmt
Management And General	$2,774,910	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,365,371	TotalAmt
Program Services	$2,134,990	ProgramServicesAmt
Management And General	$230,381	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$3,132,684	TotalAmt
Program Services	$2,477,626	ProgramServicesAmt
Management And General	$655,058	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,323,312	TotalAmt
Program Services	$1,129,878	ProgramServicesAmt
Management And General	$193,434	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$2,233,714	TotalAmt
Program Services	$1,078,480	ProgramServicesAmt
Management And General	$1,155,234	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$56,014	TotalAmt
Management And General	$56,014	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$224,164	TotalAmt
Management And General	$224,164	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$220,000	TotalAmt
Program Services	$220,000	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$621	TotalAmt
Management And General	$621	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$398,114	TotalAmt
Program Services	$166,884	ProgramServicesAmt
Management And General	$231,230	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$1,491,668	TotalAmt
Program Services	$1,148,430	ProgramServicesAmt
Management And General	$343,238	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,133,475	TotalAmt
Program Services	$1,379,154	ProgramServicesAmt
Management And General	$754,321	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$764,563	TotalAmt
Program Services	$693,055	ProgramServicesAmt
Management And General	$71,508	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$752,540	TotalAmt
Program Services	$446,367	ProgramServicesAmt
Management And General	$306,173	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$701,187	TotalAmt
Program Services	$465,232	ProgramServicesAmt
Management And General	$235,955	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$258,598	TotalAmt
Management And General	$258,598	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
COST OF LICENSE FEE AND	$4,017,660	$4,017,660
PLACEMENT & RECRUITING	$710,779	$447,636	$263,143
SUBSCRIPTION & INFORMAT	$369,981	$335,385	$34,596
BILLING AND COLLECTION	$239,400	$239,400

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$409,351	TotalAmt
Program Services	$142,877	ProgramServicesAmt
Management And General	$266,474	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$54,292,168	TotalAmt
Program Services	$43,207,144	ProgramServicesAmt
Management And General	$11,085,024	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,764,154	BOYAmt
EOY	$5,897,148	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$10,966,321	BOYAmt
EOY	$9,921,784	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,326,149	BOYAmt
EOY	$5,051,018	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$83,071	BOYAmt
EOY	$51,639	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$299,751	BOYAmt
EOY	$277,666	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$13,421,663	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$11,499,550	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,310,418	BOYAmt
EOY	$1,922,113	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$67,588,325	BOYAmt
EOY	$62,431,256	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,852,651	BOYAmt
EOY	$1,059,850	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$93,190,840	BOYAmt
EOY	$86,612,474	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,484,932	BOYAmt
EOY	$2,045,378	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,603,408	BOYAmt
EOY	$6,623,158	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$11,002,761	BOYAmt
EOY	$8,579,083	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$19,091,101	BOYAmt
EOY	$17,247,619	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows SFAS117	Yes (X)	OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$74,099,739	BOYAmt
EOY	$69,364,855	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$74,099,739	BOYAmt
EOY	$69,364,855	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$93,190,840	BOYAmt
EOY	$86,612,474	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$4,995,459	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	-$293,629	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	$554,204	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$31,225,803	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$38,220,788	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$32,917,201	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$30,193,496	CurrentTaxYearMinus1YearAmt
Current Tax Year	$31,264,665	CurrentTaxYearAmt
Total	$163,821,953	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$31,225,803	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$38,220,788	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$32,917,201	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$30,193,496	CurrentTaxYearMinus1YearAmt
Current Tax Year	$31,264,665	CurrentTaxYearAmt
Total	$163,821,953	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$163,821,953	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,212,046	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,060,769	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$953,145	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$930,684	CurrentTaxYearMinus1YearAmt
Current Tax Year	$766,449	CurrentTaxYearAmt
Total	$4,923,093	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus2 Years	$2,539,003	CurrentTaxYearMinus2YearsAmt
Total	$2,539,003	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$171,284,049	TotalSupportAmt
Gross Receipts Rltd Activities	$89,047,788	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.95640	PublicSupportCY170Pct
Public Support PY170	0.95460	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

Field	Value	IRS element (for citing)
Form And Line Reference	SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:	FormAndLineReferenceDesc
Explanation	CLASS ACTION SETTLEMENT - 2013 AMOUNT: $ 2,539,003.	ExplanationTxt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$520,000	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$520,000	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$53,772,168	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$54,292,168	FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$1,000,000	FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$250,000	FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$0	FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$1,000,000	CurrentYearMinus3Amt
Current Year Minus2	$1,000,000	CurrentYearMinus2Amt
Current Year Minus1	$1,000,000	CurrentYearMinus1Amt
Current Year	$1,000,000	CurrentYearAmt
Total	$4,000,000	TotalAmt

Field	Value	IRS element (for citing)
Lobbying Ceiling	$6,000,000	LobbyingCeilingAmt

Avg Total Lobbying Expend AvgTotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$740,000	CurrentYearMinus3Amt
Current Year Minus2	$726,800	CurrentYearMinus2Amt
Current Year Minus1	$650,000	CurrentYearMinus1Amt
Current Year	$520,000	CurrentYearAmt
Total	$2,636,800	TotalAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

Field	Value	IRS element (for citing)
Current Year Minus3	$250,000	CurrentYearMinus3Amt
Current Year Minus2	$250,000	CurrentYearMinus2Amt
Current Year Minus1	$250,000	CurrentYearMinus1Amt
Current Year	$250,000	CurrentYearAmt
Total	$1,000,000	TotalAmt

Field	Value	IRS element (for citing)
Grassroots Ceiling	$1,500,000	GrassrootsCeilingAmt

Avg Grassroots Lobbying Expend AvgGrassrootsLobbyingExpendGrp

Field	Value	IRS element (for citing)
Current Year Minus1	$0	CurrentYearMinus1Amt

Supplemental Information Detail SupplementalInformationDetail

Field	Value	IRS element (for citing)
Form And Line Reference	PART II-A, LINE 1B	FormAndLineReferenceDesc
Explanation	LOBBYING COSTS INCLUDES EXPENSES PAID TO CONSULTANTS AND OTHER COSTS TO REGULARLY MONITOR PROPOSED LEGISLATION AND RULEMAKING THAT MAY DIRECTLY OR INDIRECTLY AFFECT FINANCIAL ACCOUNTING AND REPORTING STANDARDS, AND FROM TIME TO TIME WE REACH OUT TO CONGRESSIONAL STAFF AND OTHERS WITH RESPECT TO SUCH LEGISLATION AND RULEMAKING. DURING 2015, WE ENGAGED IN LOBBYING EFFORTS WITH RESPECT TO LEGISLATION TO EXEMPT THE FASB FROM SEQUESTRATON AND U.S. EFFORTS REGARDING ACCOUNTING CONVERGENCE.	ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,173,489	OtherCostOrOtherBasisAmt
Depreciation	$4,034,295	DepreciationAmt
Book Value	$1,139,194	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$8,248,174	OtherCostOrOtherBasisAmt
Depreciation	$7,465,255	DepreciationAmt
Book Value	$782,919	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$1,922,113	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
ACCRUED PAYROLL AND RELATED BENEFITS	$1,259,151
ACCRUED RENT EXPENSE	$1,976,283
ACCRUED PENSION COSTS	$2,761,353
ACCRUED 457B PLAN COSTS	$1,059,851
ACCRUED POSTRETIREMENT HEALTH CARE COSTS	$1,522,445

Field	Value	IRS element (for citing)
Total Liability	$8,579,083	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$45,224,799	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	-$293,629	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$240,000	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	-$53,629	RevenueNotReportedAmt
Revenue Subtotal	$45,278,428	RevenueSubtotalAmt
Investment Expenses Not Incld	$621	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$4,017,660	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$4,018,281	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$49,296,709	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$50,513,887	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$240,000	DonatedServicesUseFcltsAmt
Expenses Not Reported	$240,000	ExpensesNotReportedAmt
Expenses Subtotal	$50,273,887	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$621	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$4,017,660	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$4,018,281	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$54,292,168	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT HAS REVIEWED TAX POSITIONS FOR OPEN TAX YEARS AND DETERMINED THAT A PROVISION FOR UNCERTAIN TAX POSITIONS IS NOT REQUIRED.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	COST OF SUBSCRIPTION AND LICENSE FEE REVENUE
PART XII, LINE 4B - OTHER ADJUSTMENTS:	COST OF SUBSCRIPTION AND LICENSE FEE REVENUE

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)

RegionRegionTxt	Type Of Activities ConductedTypeOfActivitiesConductedTxt	Specific Services ProvidedSpecificServicesProvidedTxt	Region Total ExpendituresRegionTotalExpendituresAmt
EUROPE (INCLUDING ICELAND & GREENLAND)	PROGRAM SERVICES	ATTEND MEETINGS AND ROUNDTABLES WITH INTERNATIONAL ACCOUNTING STANDARDS BOARD ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS	$215,535
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL ACCOUNTING STANDARDS	$35,351
MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL ACCOUNTING STANDARDS	$15,794

Field	Value	IRS element (for citing)
Subtotal Offices	0	SubtotalOfficesCnt
Subtotal Employees	0	SubtotalEmployeesCnt
Continutation Total Office	0	ContinutationTotalOfficeCnt
Continutation Total Employee	0	ContinutationTotalEmployeeCnt
Total Office	0	TotalOfficeCnt
Total Employee	0	TotalEmployeeCnt
Subtotal Spent	$266,680	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$266,680	TotalSpentAmt
Transfer To Foreign Corp	0	TransferToForeignCorpInd
Interest In Foreign Trust	0	InterestInForeignTrustInd
Foreign Corp Ownership	0	ForeignCorpOwnershipInd
Passive Foreign Investmest Co	0	PassiveForeignInvestmestCoInd
Foreign Partnership	0	ForeignPartnershipInd
Boycott Countries	Yes (1)	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 3:	THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN FOREIGN REGIONS.
SCHEDULE F, PART IV, LINE 6:	THE ORGANIZATION HAS FILED FORM 5713 UNDER SEPARATE COVER TO THE IRS. THE ORGANIZATION IS NOT REQUIRED TO FILE FORM 990-T.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Idemnification Gross Up Pmts	Yes (X)	IdemnificationGrossUpPmtsInd
Club Dues Or Fees	Yes (X)	ClubDuesOrFeesInd
Written Policy Ref T And E Expnss	Yes (1)	WrittenPolicyRefTAndEExpnssInd
Substantiation Required	Yes (1)	SubstantiationRequiredInd
Compensation Committee	Yes (X)	CompensationCommitteeInd
Independent Consultant	Yes (X)	IndependentConsultantInd
Form990 Of Other Organizations	Yes (X)	Form990OfOtherOrganizationsInd
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	Yes (1)	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	Yes (1)	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org	0	CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs	0	CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org	0	CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs	0	CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments	Yes (1)	AnyNonFixedPaymentsInd
Initial Contract Exception	0	InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxt	Base Compensation Filing OrgBaseCompensationFilingOrgAmt	Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt	Bonus Filing OrganizationBonusFilingOrganizationAmount	Bonus Related OrganizationsBonusRelatedOrganizationsAmt	Other Compensation Filing OrgOtherCompensationFilingOrgAmt	Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt	Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt	Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt	Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt	Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt	Total Compensation Filing OrgTotalCompensationFilingOrgAmt	Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt	Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt	Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
TERESA S POLLEY
PRESIDENT	$550,000	$0	$0	$0	$167,146	$0	$37,329	$0	$3,760	$0	$758,235	$0	$58,828	$0
MARY P CROTTY
CHIEF OPERATING OFFICER	$353,652	$0	$10,500	$0	$17,993	$0	$30,996	$0	$30,907	$0	$444,048	$0	$0	$0
JEFFREY W RUBIN
VICE PRESIDENT AND GENERAL	$332,519	$0	$27,500	$0	$20,947	$0	$58,180	$0	$39,530	$0	$478,676	$0	$0	$0
RONALD P GUERRETTE
VICE PRESIDENT	$322,131	$0	$4,000	$0	$40,416	$0	$35,883	$0	$14,583	$0	$417,013	$0	$9,730	$0
RUSSELL G GOLDEN
CHAIRMAN, FASB	$894,701	$0	$0	$0	$150,826	$0	$31,661	$0	$37,622	$0	$1,114,810	$0	$15,719	$0
DAVID A VAUDT
CHAIRMAN, GASB	$471,203	$0	$0	$0	$40,808	$0	$66,595	$0	$15,971	$0	$594,577	$0	$0	$0
JAMES L KROEKER
VICE CHAIRMAN, FASB	$797,434	$0	$0	$0	$97,070	$0	$31,658	$0	$26,524	$0	$952,686	$0	$0	$0
LAWRENCE W SMITH
BOARD MEMBER	$709,569	$0	$0	$0	$261,283	$0	$34,955	$0	$38,006	$0	$1,043,813	$0	$77,005	$0
MARC A SIEGEL
BOARD MEMBER	$709,569	$0	$0	$0	$79,293	$0	$34,638	$0	$38,006	$0	$861,506	$0	$0	$0
THOMAS J LINSMEIER
BOARD MEMBER	$708,602	$0	$0	$0	$149,860	$0	$51,870	$0	$30,356	$0	$940,688	$0	$25,848	$0
DARYL E BUCK
BOARD MEMBER	$708,736	$0	$0	$0	$84,865	$0	$42,203	$0	$30,474	$0	$866,278	$0	$0	$0
R HAROLD SCHROEDER
BOARD MEMBER	$709,569	$0	$0	$0	$97,209	$0	$56,478	$0	$38,006	$0	$901,262	$0	$0	$0

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART I, LINE 1A	GROSS-UP PAYMENTS ARE PROVIDED RELATIVE TO CERTAIN RETIREMENT PLAN PAYMENTS. SUCH PAYMENTS ARE TREATED AS TAXABLE COMPENSATION. ALL EMPLOYEES ARE ELIGIBLE FOR REIMBURSEMENT FOR A PORTION OF HEALTH CLUB DUES AT SELECTED FACILITIES, WHICH ARE INCLUDED AS COMPENSATION.
PART I, LINES 4A-B	PAYMENTS TOTALING $135,000 WERE MADE TO RONALD GUERRETTE, FORMER VICE PRESIDENT, IN CONNECTION WITH AN AGREEMENT ENTERED INTO IN CONNECTION WITH HIS DEPARTURE FROM THE FAF. THE FOUNDATION SPONSORED A NON-QUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) TO PROVIDE ELIGIBLE PARTICIPANTS (THOSE HIRED PRIOR TO JANUARY 1, 2008) WITH DEFINED BENEFITS SUBSTANTIALLY EQUIVALENT TO THE BENEFITS PROVIDED UNDER THE FOUNDATION'S EMPLOYEES' PENSION PLAN ON COMPENSATION IN EXCESS OF THE INTERNAL REVENUE CODE (IRC) COMPENSATION LIMIT. BENEFITS IN THE SERP VEST WHEN A PARTICIPANT COMPLETES 5 YEARS OF SERVICE, AND COMPENSATION (INCLUDING TAX GROSS-UPS) IS RECOGNIZED IN THE 5TH YEAR AND EACH ELIGIBLE SERVICE YEAR THEREAFTER. THE SERP WAS TERMINATED EFFECTIVE DECEMBER 31, 2013. IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN, FINAL PAYOUTS TO VESTED PARTICIPANTS OCCURED IN 2015, AFTER A MANDATORY DEFERRAL PERIOD. IN 2014, AMOUNTS RELATED TO THE TAX GROSS-UPS FOR AMOUNTS NOT PREVIOUSLY TAXES WERE INCLUDED AS DEFERRED COMPENSATION. IN ADDITION, THE FAF PROVIDES ADDITIONAL DEFINED CONTRIBUTIONS TO PARTICIPANTS WHOSE ANNUAL COMPENSATION IS IN EXCESS OF THE IRC COMPENSATION LIMIT, FIRST TO A 457(B) DEFERRED COMPENSATION PLAN, AND IF THAT LIMIT IS REACHED DURING A CALENDAR YEAR, THEN CASH PAYMENTS (INCLUDING TAX GROSS-UPS) ARE MADE TO ELIGIBLE PARTICIPANTS. THE FOLLOWING COVERED INDIVIDUALS PARTICIPATED IN THE FOUNDATION'S SERP AND OTHER SUPPLEMENTAL PROGRAMS IN 2014 AND RECEIVED AND/OR WERE DEEMED TO HAVE RECEIVED THE FOLLOWING AMOUNTS: TERESA POLLEY - $161,003 ($58,828 INCLUDED ON THE 2014 FORM 990 AS DEFERRED COMPENSATION) RONALD GUERRETTE- $39,948 ($9,730 INCLUDED ON THE 2014 FORM 990 AS DEFERRED COMPENSATION) LAWRENCE SMITH- $252,519 ($77,005 INCLUDED ON THE 2014 FORM 990 AS DEFERRED COMPENSATION) THOMAS LINSMEIER- $144,234 ($25,848 INLCUDED AS 2014 DEFERRED COMPENSATION) DAVID VAUDT- $32,186 RUSSELL GOLDEN- $130,783 ($15,719 INCLUDED ON THE 2014 FORM 990 AS DEFERRED COMPENSATION) DARYL BUCK- $80,783 HAROLD SCHROEDER - $91,067 MARC SIEGEL - $76,342 JAMES KROEKER - $94,299 MARY CROTTY - $13,845 JEFFREY RUBIN- $12,080
PART I, LINE 7	THE AMOUNTS SHOWN ON PART II, COLUMN B (II) FOR RONALD GUERRETTE, MARY CROTTY, AND JEFFREY RUBIN WERE PAID AND AWARDED BASED ON PERFORMANCE AND APPROVED BY THE FAF BOARD OF TRUSTEES.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11	THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. IN ADDITION, A COPY OF THE A FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES PRIOR TO IT BEING FILED.
FORM 990, PART VI, SECTION B, LINE 12C	THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS ALL EMPLOYEES. ALL EMPLOYEES ARE REQUIRED, ON A QUARTERLY BASIS, TO REPORT INTERESTS THAT WOULD POSE A CONFLICT TO THE FOUNDATION. FAILURE TO COMPLY WITH THE CONFLICT OF INTEREST POLICY CAN RESULT IN SANCTIONS, WHICH MAY INCLUDE TERMINATION. IN ADDITION, THE FOUNDATION ALSO HAS ADOPTED A TRUSTEE CODE OF CONDUCT, WHICH INCLUDES CONFLICT OF INTEREST PROVISIONS, AND REQUIRES EACH TRUSTEE TO CERTIFY COMPLIANCE ANNUALLY. THE FAF ALSO MAINTAINS AN OMBUDS POLICY WHICH ENABLES EMPLOYEES AND TRUSTEES TO REPORT VIOLATIONS OF LAW OR FOUNDATION POLICIES, EITHER ON A DISCLOSED OR ON AN ANONYMOUS BASIS. EACH EMPLOYEE, AND EACH TRUSTEE, HAS AN AFFIRMATIVE DUTY TO REPORT PROMPTLY VIOLATIONS OF LAW OR FOUNDATION POLICIES. PERSONS REPORTING IN GOOD FAITH PURSUANT TO THE OMBUDS POLICY ARE PROTECTED FROM EMPLOYMENT RETALIATION.
FORM 990, PART VI, SECTION B, LINE 15	THE APPOINTMENTS AND EVALUATIONS COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER AND FASB AND GASB MEMBERS ANNUALLY. THE FINANCE AND COMPENSATION COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, IS RESPONSIBLE FOR MAKING RECOMMENDATIONS TO THE FAF BOARD OF TRUSTEES, BASED ON STUDIES CONDUCTED BY INDEPENDENT COMPENSATION CONSULTANTS THAT PERFORM MARKET RESEARCH AND PROVIDE COMPREHENSIVE COMPENSATION COMPARABILITY REPORTS, AND INPUT FROM THE APPOINTMENTS AND EVALUATIONS COMMITTEE, FOR THE COMPENSATION OF THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER AND THE FASB AND GASB MEMBERS. THESE COMPENSATION RECOMMENDATIONS ARE PROVIDED TO THE FAF BOARD OF TRUSTEES FOR THEIR APPROVAL. COMPREHENSIVE COMPENSATION STUDIES OF KEY EMPLOYEE COMPENSATION ARE CONDUCTED EVERY THREE YEARS, WITH THE LAST STUDY BEING PERFORMED IN 2014. IN THE INTERVENING YEARS, THE COMPENSATION DATA IS UPDATED BY THE CONSULTANTS BASED ON MARKETPLACE DATA. ADDITIONALLY, DURING 2015, AN INDEPENDENT CONSULTING FIRM PROVIDED WRITTEN OPINIONS AFFIRMING (1) THE FAIRNESS (UNDER THE INTERMEDIATE SANCTIONS RULES PROMULGATED PURSUANT TO THE IRC) OF THE COMPENSATION DETERMINATIONS MADE BY THE BOARD OF TRUSTEES FOR 2014 WITH RESPECT TO KEY EMPLOYEES, AND (2) THE FAIRNESS OF 2014 TRUSTEE COMPENSATION. THIS REVIEW WILL BE PERFORMED AGAIN IN 2017. FOR OTHER FAF EMPLOYEES, INCLUDING OFFICERS NOT CONSIDERED KEY EMPLOYEES, PERFORMANCE IS REVIEWED ANNUALLY AND SALARY RANGES ARE REVIEWED EVERY THREE YEARS ON THE BASIS OF MARKET COMPENSATION DATA PROVIDED BY INDEPENDENT COMPENSATION CONSULTANTS. DURING THE INTERVENING YEARS, SALARY RANGES ARE ADJUSTED FOR INFLATION. THE MOST RECENT COMPREHENSIVE REVIEW OF FAF STAFF SALARY RANGES WAS PERFORMED IN 2014 FOR IMPLEMENTATION IN 2015.
FORM 990, PART VI, SECTION C, LINE 19	THE ANNUAL REPORT, WHICH INCLUDES THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE LOCATED ON THE FOUNDATION'S WEBSITE. AT THIS TIME, THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:	PENSION RELATED CHANGES-AMOUNTS REFLECTED AS OTHER CHANGE IN NET ASSETS 554,204.