2016-08-11T12:02:28-05:00 2015-12-31 320043599 LEGACY PROFESSIONALS LLP 311 S WACKER DRIVE STE 4000 CHICAGO IL 60606 990 2015-01-01 391034021 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTE 2627866700 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 MICHAEL WILSON CHIEF EXECUTIVE OFFICER 2627866700 2016-08-11 1 ROSE DOHERTY P00653989 3123680500 2015 2016-12-15 16:53:06Z MICHAEL WILSON 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 40518739 0 X WWW.IFEBP.ORG X 1954 WI EDUCATIONAL SOURCE FOR EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY. 44 44 148 186 263442 84635 0 0 25966761 26703704 454013 238182 1560855 1453649 27981629 28395535 0 0 0 0 11015944 12254610 0 0 0 17768002 17191210 28783946 29445820 -802317 -1050285 34669174 32040579 25391133 23730914 9278041 8309665 X THE INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS IS A NONPROFIT ORGANIZATION, DEDICATED TO BEING A LEADING OBJECTIVE AND INDEPENDENT GLOBAL SOURCE OF EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY EDUCATION AND INFORMATION. 0 0 10691848 18102440 EDUCATIONAL PROGRAMS, SERVICES AND CONFERENCES RELATED TO EMPLOYEE BENEFIT PLANS. 2925577 3913472 EDUCATION AND CERTIFICATION PROGRAMS RELATED TO THE CERTIFIED EMPLOYEE BENEFITS SPECIALIST DESIGNATION. 2864017 263442 PROGRAM DEVELOPMENT INCLUDES: SALES, PARTNERSHIPS, ADVERTISING, PUBLIC RELATIONS, AND MARKETING RELATING TO EMPLOYEE BENEFITS, FINANCIAL LITERACY, RETIREMENT SECURITY AND EDUCATION AND INFORMATION. 2495472 5614557 OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING:- PRODUCTION OF PUBLICATIONS, INFORMATION SERVICES AND RESEARCH FOR EMPLOYEE BENEFIT PLANS.- DEVELOPMENT, PRODUCTION, AND SUPPORT OF E-LEARNING EDUCATIONAL COURSES.- PROMOTION, MARKETING, AND SALES OF PROGRAMS. 2495472 5614557 18976914 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 180 0 1 148 1 1 1 1 CA 0 0 0 0 0 0 0 0 X 44 44 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X AL HAMWRIGHT 2627866700 18700 W BLUEMOUND RD BROOKFIELD WI 530080069 THOMAS T HOLSMAN PRESIDENT & CHAIR 12.00 X X 0 0 0 REGINA C READON PRESIDENT - ELECT 7.50 X X 0 0 0 THOMAS W STEIDE TREASURER 3.00 X X 1765 0 0 PAUL HACKLEMAN SECRETARY 3.00 X X 9993 0 0 KENNETH R BOYD IMMEDIATE PAST PRESIDENT 3.00 X 1620 0 0 GEORGE R LAUFENBERG PAST PRESIDENT 1.00 X 0 0 0 J SPARB COLLINS PUBLIC EMPLOYEE SECTOR REP 3.00 X 5071 0 0 TINA M COREA CORPORATE SECTOR REP 3.00 X 0 0 0 JOAN S TANAKA CANADIAN SECTOR REP 3.00 X 0 0 0 ROBERT ALVARADO DIRECTOR 1.00 X 0 0 0 RODERICK S BASHIR DIRECTOR 1.00 X 3896 0 0 KENNETH J BAUWENS DIRECTOR 1.00 X 0 0 0 MARY A BRADLEY DIRECTOR 1.00 X 0 0 0 CHRISTOPHER E BRECHT DIRECTOR 1.00 X 0 0 0 MAURO CANORI DIRECTOR 1.00 X 0 0 0 BART O CARRIGAN DIRECTOR 1.00 X 0 0 0 JEFFERY D CHAPMAN DIRECTOR 1.00 X 2593 0 0 MICHAEL J COOK DIRECTOR 1.00 X 2688 0 0 DONALD D CROSATTO DIRECTOR 1.00 X 1364 0 0 WILLIAM J EINHORN DIRECTOR 1.00 X 5647 0 0 TIMOTHY J GAUTHIER DIRECTOR 1.00 X 0 0 0 DONALD E GREENWELL III DIRECTOR 1.00 X 0 0 0 MARK D HALL DIRECTOR 1.00 X 0 0 0 TODD G HELFRICH DIRECTOR 1.00 X 0 0 0 MARTHA M HENRICKSON DIRECTOR 1.00 X 6529 0 0 MICHELE L KESSLER DIRECTOR 1.00 X 0 0 0 ROBERT H LACHMUND DIRECTOR 1.00 X 0 0 0 WILLIAM C LIGETTI JR DIRECTOR 1.00 X 0 0 0 STEPHEN J MACK DIRECTOR 1.00 X 3235 0 0 SEAN P MADIX DIRECTOR 1.00 X 0 0 0 KEVIN J MCCAFFREY DIRECTOR 1.00 X 0 0 0 JAMES J MCLAUGHLIN DIRECTOR 1.00 X 0 0 0 LARRY MCNUTT DIRECTOR 1.00 X 0 0 0 PAUL MEINEMA DIRECTOR 1.00 X 0 0 0 LAURIE A MELE DIRECTOR 1.00 X 0 0 0 LYNETTE A METZ DIRECTOR 1.00 X 0 0 0 ANTHONY H NICHOLSON DIRECTOR 1.00 X 0 0 0 SEAN O'DONOGHUE DIRECTOR 1.00 X 0 0 0 ANTHONY M PERRONE DIRECTOR 1.00 X 0 0 0 JACK W RAMAGE DIRECTOR 1.00 X 0 0 0 JOHN SCHUBERT DIRECTOR 1.00 X 0 0 0 EDWARD J SMITH DIRECTOR 1.00 X 1671 0 0 ERIC O STANCHFIELD DIRECTOR 1.00 X 0 0 0 ELISE K VAUGHAN DIRECTOR 1.00 X 695 0 0 KIRBY WATSON DIRECTOR 1.00 X 0 0 0 COREY J WIRTH DIRECTOR 1.00 X 3956 0 0 WENDELL W YOUNG IV DIRECTOR 1.00 X 0 0 0 MICHAEL WILSON CHIEF EXECUTIVE OFFICER 40.00 X 393816 0 62238 TERRY DAVIDSON SENIOR VICE PRESIDENT 40.00 X 192685 0 59524 ALBERT HAMWRIGHT CHIEF FINANCIAL OFFICER 40.00 X 180999 0 41795 DAVID VAN ZEELAND CHIEF TECHNOLOGY OFFICER 40.00 X 167204 0 55324 JOSEPH GLINECKI VICE PRESIDENT, BUSINESS DEVELOPMENT 40.00 X 121928 0 36177 CONNIE WELLS SR. DIRECTOR EXECUTIVE OPE 40.00 X 129372 0 32973 1236727 0 288031 6 0 1 0 INTERNATIONAL DELIVERY SOLUTIONS LLC 7340 S HOWELL AVENUE STE 5 OAK CREEK WI 531542108 DELIVERY SERVICES 244295 REINHART BOERNER VAN DEUREN SC 1000 N WATER STREET SUITE 1700 MILWAUKEE WI 53202 LEGAL SERVICES 210848 2 PROGRAM REGISTRATION 900099 18102440 18102440 MEMBERSHIP DUES AND SE 900099 5180209 5180209 CEBS CERTIFICATION PRO 900099 2905231 2905231 ADVERTISING AND OTHER 541800 263442 263442 E-LEARNING 900099 252382 252382 26703704 218804 218804 11501691 11482313 19378 19378 19378 1750864 640891 1109973 1109973 SUPPORT SERVICES AND O 900099 343676 343676 343676 28395535 27893911 263442 238182 575831 575831 7777172 4950094 2827078 1266003 796392 469611 2044101 1215025 829076 591503 361556 229947 232595 232595 87757 11457 76300 30756 30756 188146 99259 88887 323680 323680 3904117 3522880 381237 582178 58500 523678 34725 34725 344259 344259 1927447 436807 1490640 7004274 6389836 614438 64685 64685 1159335 54641 1104694 96887 96887 CREDIT CARD FEES 474963 437810 37153 MARKETING & INFO SERVIC 238334 238334 UBIT PAYMENTS 27944 27944 SPECIAL PROJECTS 20204 20204 448924 45918 403006 29445820 18976914 10468906 0 974790 1177468 750321 218148 601196 603323 588964 630945 1217117 1411440 20431932 12987338 7928906 7444594 10984205 10315384 10831079 9369852 792596 869425 34669174 32040579 2838811 3456121 11333964 10417085 584354 475506 2500000 2500000 8134004 6882202 25391133 23730914 X 9233522 8252755 44519 56910 9278041 8309665 34669174 32040579 X -1050285 -70895 152804 X 0 1 X 1 0 X 4890793 4894966 5023674 5124138 5178064 25111635 21723487 22972110 22742744 22748634 23356740 113543715 26614280 27867076 27766418 27872772 28534804 138655350 0 0 0 138655350 487779 271162 191115 308200 218804 1477060 487779 271162 191115 308200 218804 1477060 105270 116728 111695 123288 84635 541616 27207329 28254966 28069228 28304260 28838243 140674026 0.98560 0.98310 0.01050 0.01280 X 687374 687374 7161874 4789236 2372638 12582684 8198102 4384582 7444594 COMMON COLLECTIVE TRUSTS 4908541 F ALTERNATIVE INVESTMENT TRUSTS 4461311 F 9369852 REFUNDS PAYABLE 15449 HOTEL DEPOSITS HELD FOR OTHERS 823364 DEFINED BENEFIT PLAN ACCRUED COST 5966308 CAPITAL LEASE OBLIGATION 67846 DUE TO RELATED ORGANIZATIONS 9235 6882202 X PART X, LINE 2: THE FOUNDATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FORM 990-T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN, AND FORM 4-T, WISCONSIN EXEMPT ORGANIZATION BUSINESS FRANCHISE OR INCOME TAX RETURN. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF WISCONSIN UNTIL THE APPLICABLE STATUTE OF LIMITATIONS EXPIRE. NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE EDUCATIONAL PROGRAMS 1552000 NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE SUPPORT OF MEMBERSHIP 120000 NORTH AMERICA 1 1 CANADIAN PROGRAM SERVICE STRATEGIC/ ADMINISTRATIVE 129000 1 1 0 0 1 1 1801000 0 1801000 0 0 0 0 0 0 X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MICHAEL WILSON CHIEF EXECUTIVE OFFICER 327393 0 16500 0 49923 0 29236 0 33002 0 456054 0 0 0 TERRY DAVIDSON SENIOR VICE PRESIDENT 190120 0 2100 0 465 0 21450 0 38074 0 252209 0 0 0 ALBERT HAMWRIGHT CHIEF FINANCIAL OFFICER 178893 0 1000 0 1106 0 19910 0 21885 0 222794 0 0 0 DAVID VAN ZEELAND CHIEF TECHNOLOGY OFFICER 165505 0 1000 0 699 0 18704 0 36620 0 222528 0 0 0 JOSEPH GLINECKI VICE PRESIDENT, BUSINESS DEVELOPMENT 121448 0 0 0 480 0 10036 0 26141 0 158105 0 0 0 CONNIE WELLS SR. DIRECTOR EXECUTIVE OPE 126993 0 750 0 1629 0 14316 0 18657 0 162345 0 0 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES ITS VOLUNTEERS WHO SERVE ON COMMITTEES, THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. THE ORGANIZATION ALLOWS VOLUNTEERS TO RECEIVE TRAVEL EXPENSE PAYMENTS THAT DO NOT EXCEED NONREFUNDABLE COACH CLASS AIRFARE OR IN SOME INSTANCES, FIRST CLASS AIRFARE, FROM THEIR HOME DESTINATION TO THE MEETING SITE AND THE ORGANIZATION ALSO PAYS HOTEL EXPENSES FOR THE ACTUAL DAYS OF MEETING ATTENDANCE BY SUCH A VOLUNTEER PLUS ONE TRAVEL DAY AT THE BEGINNING AND END OF THE MEETING. THE ORGANIZATION ALSO PAYS THOSE VOLUNTEERS A PER DIEM ALLOWANCE FOR OTHER EXPENSES INCLUDING MEALS, CABS AND OTHER ON-SITE TRANSPORTATION, TIPS, ETC. IN THE AMOUNT OF $115 PER DAY. ANY AMOUNT PAID TO A VOLUNTEER FOR WHICH SUBSTANTIATION OF THE EXPENSE IS NOT SUBMITTED TO THE ORGANIZATION IS REPORTED ON A FORM 1099 FOR THE AFFECTED VOLUNTEER. IN ADDITION, THE ORGANIZATION REIMBURSES TRAVEL EXPENSES FOR THE SPOUSE OF THE PRESIDENT (UNCOMPENSATED VOLUNTEER) AND PRESIDENT-ELECT (UNCOMPENSATED VOLUNTEER) IN CONJUNCTION WITH ATTENDANCE AT FUNCTIONS WHERE THE PRESIDENT AND PRESIDENT-ELECT PARTICIPATES IN BOARD/COMMITTEE ACTIVITIES WHERE THEY HOST OFFICIAL FUNCTIONS. THE AIRFARE REIMBURSEMENT FOR THE TRAVELING SPOUSE IN THESE SITUATIONS IS AT THE ACTUAL COST OF THE AIRFARE, INCLUDING FOR A FIRST-CLASS SEAT. PART I, LINE 4B THE FOUNDATION ESTABLISHED AN INTERNAL REVENUE CODE ("IRC") SECTION 457(B) "TOP HAT" DEFERRED COMPENSATION ARRANGEMENT FOR ITS CHIEF EXECUTIVE OFFICER ("CEO") WHICH IS FUNDED IN PART BY A REDUCTION IN THE AMOUNT OF DISCRETIONARY PERFORMANCE BONUS FOR WHICH THE CEO COULD QUALIFY FOR A YEAR OF EMPLOYMENT STARTING WITH 2011 PLUS AN ADDITIONAL ANNUAL PAYMENT BY THE FOUNDATION IN THE $7,000 RANGE FOR THE AFFECTED YEAR. IF THE CEO FAILS TO EARN THE FULL AMOUNT OF THE DISCRETIONARY BONUS FOR A YEAR, THEN THE AMOUNT CONTRIBUTED TO THE 457(B) ARRANGEMENT IS REDUCED. IN ADDITION, THE FOUNDATION ESTABLISHED AN IRC SECTION 457(F) INELIGIBLE DEFERRED COMPENSATION ARRANGEMENT FOR ITS CEO TO WHICH APPROXIMATELY $9,000 IS CONTRIBUTED FOR A YEAR OF EMPLOYMENT FROM 2011 THROUGH 2015. THEREAFTER, THE FOUNDATION WILL REEVALUATE THE AMOUNT CONTRIBUTED TO THE INELIGIBLE ARRANGEMENT. THE 457(F) ARRANGEMENT IS SUBJECT TO A VESTING FORMULA. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY MEMBERS WHO ARE MEMBERS OF THE BOARD OF VOTING DIRECTORS SHALL HAVE THE RIGHT TO VOTE UPON ANY QUESTION AND ONLY THEIR CONSENT SHALL BE NECESSARY IN ANY STATUTORY OR OTHER PROCEEDINGS. A BOARD OF VOTING DIRECTORS SHALL REPRESENT, VOTE, AND ACT FOR THE MEMBERSHIP IN ALL OF THE ORGANIZATION'S AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION WORKS WITH IT'S OFFICERS AND IT'S THIRD-PARTY LAW FIRM AND ACCOUNTING FIRM TO PREPARE THE ORGANIZATION'S FORM 990 TAX RETURN. THE ORGANIZATION THEN PROVIDES IT'S PROPOSED FORM 990 TAX RETURN TO THE EXECUTIVE COMMITTEE OF IT'S BOARD OF DIRECTORS, WHICH ACTS FOR THE BOARD OF DIRECTORS BETWEEN BOARD OF DIRECTOR MEETINGS. LEGAL COUNSEL, A REPRESENTATIVE OF THE ACCOUNTING FIRM, AS WELL AS STAFF ARE AVAILABLE TO ANSWER QUESTIONS REGARDING THE FORM. THE EXECUTIVE COMMITTEE PROVIDES ANY COMMENTS, CORRECTIONS OR OTHER CHANGES, WHEREUPON THE FORM 990 TAX RETURN IS FINALIZED AND APPROVED BY THE EXECUTIVE COMMITTEE. ONCE EXECUTIVE COMMITTEE APPROVAL IS OBTAINED, THE ORGANIZATION FILES IT'S FORM 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH IT'S CONFLICT OF INTEREST POLICY BY ANNUALLY HAVING IT'S OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT OF ANY ITEMS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST WITH THE ORGANIZATION. DURING THE COURSE OF EACH YEAR, THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND GENERAL COUNSEL (WHO IS THE PRIMARY PURVEYOR OF LEGAL SERVICES PROVIDED BY A THIRD-PARTY LAW FIRM RETAINED BY THE ORGANIZATION) MONITOR THE ACTIVITIES OF INDIVIDUAL BOARD OF DIRECTORS MEMBERS, OFFICERS AND KEY EMPLOYEES IN THE ORDINARY COURSE OF THE ORGANIZATION'S BUSINESS. ANY IDENTIFIED POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE INDIVIDUALS IN QUESTION AND APPROPRIATELY ADDRESSED. INDIVIDUAL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE ALSO ENCOURAGED TO BE WATCHFUL OF CONFLICT OF INTEREST ISSUES AND BRING SUCH ISSUES TO THE ATTENTION OF EITHER THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER OR GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS OF INTEREST ARE DEALT WITH BY VOTE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CHAIRMAN OF THE BOARD (AN UNCOMPENSATED VOLUNTEER) AND GENERAL COUNSEL (A SENIOR PARTNER ENGAGED IN REPRESENTING NONPROFIT ORGANIZATIONS) COMPILE BENCHMARKING DATA FROM COMPENSATION PUBLICATIONS SUCH AS NATIONAL COMPENSATION STUDY (AMERICAN RESEARCH COMPANY), BLUE CHIP COMPENSATION & BENEFITS STUDY (ASAE) AND MANAGEMENT COMPENSATION REPORT (PRM CONSULTING, INC.) THAT TAKES INTO CONSIDERATION SUCH FACTORS AS EDUCATION, EXPERIENCE BASE, TENURE AND PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION (THE "CEO"). A REPORT IS PREPARED AND PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION BY THE CHAIRMAN OF THE BOARD AND GENERAL COUNSEL. THE CEO IS NOT IN ATTENDANCE AT THE MEETING WHEN HIS COMPENSATION LEVEL IS DISCUSSED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DELIBERATES AND APPROVES OF ANY CHANGES IN THE LEVEL OF COMPENSATION OF THE CEO. THE SAME PROCESS IS USED FOR OTHER OFFICERS AND KEY EMPLOYEES WITH THE EXCEPTION THAT THIS PROCESS IS LED BY THE CEO. THE CEO HAS, WITHIN APPROVED BUDGETARY CONSTRAINTS, AUTHORITY IN REVIEWING AND MAKING COMPENSATION ADJUSTMENTS FOR OTHER EMPLOYEES OF THE ORGANIZATION THAT ARE NOT OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CORPORATE BY-LAWS, ANNUAL AUDITED FINANCIAL STATEMENTS AND POLICIES AVAILABLE ON ITS WEB SITE. THIS INFORMATION CAN BE VIEWED AT WWW.IFEBP.ORG UNDER THE "ABOUT US" TAB OF THE ORGANIZATION'S HOME PAGE. MEMBERS OF THE PUBLIC-AT-LARGE MAY ALSO OBTAIN A COPY OF THE ORGANIZATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS BY CONTACTING THE ORGANIZATION. FORM 990, PART XI, LINE 9: BENEFIT-RELATED CHANGES OTHER THAN NET PERIODIC PENSION COST 215,568. FOREIGN CURRENCY LOSS & NET CONTRIBUTIONS -62,764. IFEBP SERVICES LLC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391034021 EDUCATIONAL, CHARITABLE, AND SCIENTIFIC ADMININSTRATIVE SUPPORT. WI 1718989 738125 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTL SOCIETY OF CERT EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391396077 DESIGNING AND ADMINISTERING CONTINUING EDUCATION COURSES AND EXAMS. WI 501(C)(3) 509(A)(2) INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC 0 CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391666266 GRANTING AND PROMOTING CEBS DESIGNATION AND ASSOCIATE DESIGNATIONS. 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