2015-03-27T13:59:12-05:00 2014-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2014-01-01 521681375 BOARDSOURCE BOAR 2024526262 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 ANNE WALLESTAD PRESIDENT & CEO 2024526262 2015-03-27 1 FRANK H SMITH P00639053 2028225000 2015-03-27 2014 2016-02-25 16:41:14Z ANNE WALLESTAD 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 5757684 0 X WWW.BOARDSOURCE.ORG X 1990 DC ADVANCING THE PUBLIC GOOD BY BUILDING EXCEPTIONAL NONPROFIT BOARDS AND INSPIRING BOARD SERVICE. 12 12 32 13 4730 -1551 2317697 2167243 2318297 2346538 184303 81359 828335 921431 5648632 5516571 21000 21000 0 0 2511624 2285487 0 0 391069 3134377 3244003 5667001 5550490 -18369 -33919 4460675 4532115 2659602 2601594 1801073 1930521 X ADVANCING THE PUBLIC GOOD BY BUILDING EXCEPTIONAL NONPROFIT BOARDS AND INSPIRING BOARD SERVICE. 0 0 2148272 1015988 GOVERNANCE EDUCATION AND TRAINING: BOARDSOURCE PROVIDES EDUCATIONAL RESOURCES THAT ADDRESS ESSENTIAL GOVERNANCE TOPICS, INCLUDING LEGAL AND FIDUCIARY RESPONSIBILITIES; FUNDRAISING; BOARD MEETINGS AND PROCESSES; BOARD COMPOSITION INCLUDING DIVERSITY AND INCLUSION ISSUES; AND BOARD/STAFF RELATIONS. MEMBERSHIP PROGRAM: BOARDSOURCE'S MEMBERSHIP PROGRAM INTEGRATES ITS EDUCATIONAL RESOURCES INTO A YEAR-ROUND EDUCATIONAL OFFERINGS AND SUPPORT FOR NONPROFIT LEADERS. BOARDSOURCE'S MEMBERSHIP PROGRAM CURRENTLY INCLUDES NEARLY 100,000 INDIVIDUAL LEADERS FROM NONPROFIT ORGANIZATIONS ACROSS THE COUNTRY. PUBLIC TRAINING PROGRAMS: BOARDSOURCE'S TRAINING PROGRAMS FOCUS ON ESSENTIAL GOVERNANCE TRAINING FOR BOARD AND STAFF LEADERS, INCLUDING PROGRAMS THAT PROVIDE THE CERTIFICATE OF NONPROFIT BOARD EDUCATION, THE LEADERSHIP CERTIFICATE FOR BOARD CHAIRS, AND THE LEADERSHIP CERTIFICATE FOR CHIEF EXECUTIVES. BOARDSOURCE'S TRAINING PROGRAM REACHED MORE THAN 3,500 NONPROFIT LEADERS IN 2014. PUBLICATIONS & RESEARCH: BOARDSOURCE'S LIBRARY OF NONPROFIT GOVERNANCE RESOURCES INCLUDES MORE THAN 100 PUBLICATIONS AND TOOLS ON A BROAD RANGE OF TOPICS RELEVANT TO NONPROFIT CEOS, BOARD LEADERS, AND PRACTITIONERS. IN 2014 ALONE, 93,000 PUBLICATION RESOURCES WERE ACCESSED BY NONPROFIT LEADERS FROM ACROSS THE COUNTRY. 1648482 1766123 CONSULTING & ASSESSMENT SERVICES: BOARDSOURCE'S CONSULTING SERVICES SUPPORT THE NEEDS OF INDIVIDUAL ORGANIZATIONS SEEKING TO DIRECTLY ADDRESS KEY ISSUES OR CHALLENGES IN THEIR OWN BOARD LEADERSHIP. IN 2014, BOARDSOURCE WORKED WITH 197 ORGANIZATIONS ON PROJECTS INCLUDING STRATEGIC VISIONING AND PLANNING, BOARD RESTRUCTURING, CLARIFYING ROLES AND RESPONSIBILITIES, ADDRESSING CHALLENGING BOARD DYNAMICS, AND MUCH MORE. ADDITIONALLY, BOARDSOURCE PROVIDED 570 DIAGNOSTIC AND ASSESSMENT SERVICES TO ORGANIZATIONS IN 2014. 835359 21000 303437 BOARDSOURCE LEADERSHIP FORUM: THE BOARDSOURCE LEADERSHIP FORUM IS AN ANNUAL CONFERENCE THAT CONVENES HUNDREDS OF GOVERNANCE EXPERTS, BOARD MEMBERS, CHIEF EXECUTIVES, AND SENIOR STAFF FROM AROUND THE WORLD TO DISCUSS THE NEWEST THINKING AND PRACTICES IN NONPROFIT GOVERNANCE. THE 2014 BOARDSOURCE LEADERSHIP FORUM INCLUDED MORE THAN 850 NONPROFIT LEADERS. 4632113 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 36 0 1 32 1 1 1 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AR CO CT FL GA HI KS LA ME MD MA MI MN MS NH NC ND OH OR PA RI TN UT WA WV WI X X X JOAN PAYNE 2024526262 750 9TH STREET NW NO 650 WASHINGTON DC 200014590 JOHN GRISWOLD CHAIR 12.00 X X 0 0 0 PHILLIP HENDERSON VICE CHAIR 6.00 X X 0 0 0 KIMBERLY ROBERSON SECRETARY 3.00 X X 0 0 0 DAWN MCNALLY TREASURER 3.00 X X 0 0 0 ANNE COHN DONNELLY DIRECTOR 3.00 X 0 0 0 CAROL GOSS DIRECTOR 3.00 X 0 0 0 PHIL LOCHNER DIRECTOR (UNTIL 8/31/2014) 9.00 X 0 0 0 DAVID MCGINTY DIRECTOR 6.00 X 0 0 0 RICK MOYERS DIRECTOR 3.00 X 0 0 0 SHARON ROSSMARK DIRECTOR 3.00 X 0 0 0 CATHY TROWER DIRECTOR 3.00 X 0 0 0 ANGELA WILLIAMS DIRECTOR 3.00 X 0 0 0 SYLVIA YEE DIRECTOR 3.00 X 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 55.00 X 199772 0 17439 JOAN PAYNE SENIOR DIRECTOR OF FINANCE 40.00 X 69655 0 7386 MARCI SUNDERLAND VP HUMAN CAPITAL & OPERATIONS 40.00 X 129015 0 14367 VERNETTA WALKER VP PROGRAMS & CHIEF GOV. OFFICER 40.00 X 131129 0 15120 529571 0 54312 3 0 1 0 WASHINGTON HILTON HOTEL 1919 CONNECTICUT AVENUE NW WASHINGTON DC 20009 FOOD, BEVERAGE, LODGING AND AUDIO 228187 INNOVATIVE TECHNOLOGIES IN PRINT 200 S CHESTNUT STREET ELIZBETHTOWN PA 17022 PRINTING AND MAILING SERVICES 136500 ANN COHEN & ASSOCIATES 8225 BUCKSPARK LANE W POTOMAC MD 20854 CONSULTING AND TRAINING 126307 OFFICE IT SOLUTIONS 3509 CONNECTICUT AVENUE NW WASHINGTON DC 20008 IT EQUIPMENT & INFORMATION TECH. 121031 SUSAN DECKER 5117 N CREAL STREET TERRE HAUTE IN 47805 CONSULTING AND TRAINING 120558 6 986433 1180810 2167243 CONSULTING/TRAINING 900099 1316008 1316008 ASSESSMENTS 900099 450115 450115 LEADERSHIP FORUM 900099 336117 303437 32680 TRAINING FEES 900099 244298 244298 2346538 37528 37528 150000 106169 43831 43831 43831 926211 134944 791267 771690 4730 14847 SUBLEASE INCOME 900099 120000 120000 OTHER REVENUE 900099 10164 10164 130164 5516571 3085548 4730 259050 21000 21000 294252 146431 78807 69014 1630099 1348470 166742 114887 56366 45956 6821 3589 125648 102452 12641 10555 179122 138859 23633 16630 520170 520170 2915 2757 93 65 37340 28946 4927 3467 456094 400711 31635 23748 40663 40612 30 21 311721 275237 20102 16382 85000 66265 10997 7738 14220 14220 872731 676559 115148 81024 155049 145486 3538 6025 280602 277039 1389 2174 202 156 27 19 252095 195429 33261 23405 38043 29492 5019 3532 CLIENT-REIMBURSED EXP 82434 82434 LICENSES/PERMITS 41852 32444 5522 3886 STAFF DEVELOPMENT 33964 26330 4481 3153 BAD DEBT EXPENSES 18908 14658 2495 1755 5550490 4632113 527308 391069 979 1234 278801 163867 65600 242700 221302 167815 183904 228273 88139 140315 2460414 1307050 1387404 1153364 2234546 2434547 4460675 4532115 212645 185184 860117 921832 1586840 1494578 2659602 2601594 X 1144862 1203292 444811 515829 211400 211400 1801073 1930521 4460675 4532115 -33919 118951 44416 0 X 0 1 X 1 0 X 2633241 2283208 2414517 2317697 2167243 11815906 3899534 3842333 3664723 3234539 3272749 17913878 6532775 6125541 6079240 5552236 5439992 29729784 841117 880000 826000 351500 450000 3348617 59632 530248 171106 14716 31087 806789 900749 1410248 997106 366216 481087 4155406 25574378 353402 89069 49070 72576 157528 721645 353402 89069 49070 72576 157528 721645 20693 5217 21425 10164 57499 6906870 6219827 6128310 5646237 5607684 30508928 0.83830 0.80880 0.02370 0.02760 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2010 AMOUNT: $ 20,693. 2011 AMOUNT: $ 5,217. 2013 AMOUNT: $ 21,425. 2014 AMOUNT: $ 10,164. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 1 505 1 126 0 0 0 0 0 631 0 319166 18139 21082 316223 294503 41283 16620 319166 293371 26809 25677 294503 306545 7422 20596 293371 282023 47448 22926 306545 0.09190 0.66850 0.23960 0 0 1244742 537120 707622 460218 345754 114464 755454 424176 331278 1153364 DEFERRED CONSTRUCTION ALLOWANCE 838724 DEFERRED RENT 655854 1494578 X 5814882 118951 44416 134944 298311 5516571 0 5516571 5685434 134944 134944 5550490 0 5550490 PART V, LINE 4: THE JUDITH O'CONNOR MEMORIAL FUND, AN ENDOWMENT THAT GENERATES EARNINGS TO SUPPORT A LECTURESHIP WHICH WILL HONOR OUTSTANDING LEADERS AND THINKERS IN THE NONPROFIT SECTOR FOR THEIR ACHIEVEMENTS IN NONPROFIT LEADERSHIP OR THEIR CONTRIBUTION TO THE FIELD OF NONPROFIT GOVERNANCE, AND SCHOLARSHIPS TO ATTEND THE BOARDSOURCE LEADERSHIP FORUM. PART X, LINE 2: BOARDSOURCE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2014, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 134,944. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 134,944. 1 ATLANTA MASTER CHORALE PO BOX 133201 ATLANTA GA 941042012 582571776 501(C)(3) 15000 AWARDED FOR EXEMPLIFYING EXCEPTIONAL GOVERNANCE AND DESIGNING CHANGE FOR THEIR ORGANIZATIONS. 1 0 PART I, LINE 2: BOARDSOURCE MAKES AWARDS TO ORGANIZATIONS AS A PART OF AN AWARDS PROGRAM. THE ORGANIZATIONS THAT RECEIVED AWARDS IN 2014 WERE RECOGNIZED FOR THEIR NOTABLE ACHIEVEMENTS IN STRONG AND EFFECTIVE GOVERNANCE. THE AWARDS WERE NOT RESTRICTED FOR A SPECIFIC PURPOSE OF USE BY THE RECIPIENT. X X X X 0 0 0 0 0 0 0 0 0 ANNE WALLESTAD PRESIDENT & CEO 199772 0 0 0 0 0 8150 0 9289 0 217211 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 AUDIT COMMITTEE REQUIRED COMPOSITION REDUCED FROM 3 MEMBERS TO 2. ALSO, NOTICE AND DOCUMENTATION OF A VOTE TO AMEND THE BYLAWS MUST BE GIVEN TO EACH BOARD MEMBER AT LEAST 14 DAYS IN ADVANCE. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 IS REVIEWED BY THE ENTIRE BOARD OF DIRECTORS BEFORE IT IS SIGNED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C THE AUDIT COMMITTEE REVIEWS THESE STATEMENTS ANNUALLY AND REPORTS TO THE FULL BOARD OF DIRECTORS. IF A CONFLICT IS DISCLOSED, THE COMMITTEE REFERS THE MATTER TO THE BOARD OF DIRECTORS FOR ANY REQUIRED BOARD ACTION. FORM 990, PART VI, SECTION B, LINE 15 CEO: PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE PRESIDENT & CEO, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS (OR AN INDEPENDENT COMPENSATION CONSULTANT) USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS. ADDITIONALLY, COMPARABLE ORGANIZATION SALARY AND BENEFIT INFORMATION IS COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE BOARD CHAIR, AS WELL AS THE COMPENSATION AND EVALUATION COMMITTEE. THEY PROVIDE ANY RECOMMENDATIONS TO THE FULL BOARD ON A SALARY INCREASE FOR THE PRESIDENT & CEO. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASE IN COMPENSATION FOR THIS POSITION REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE BOARD OF DIRECTORS THEN PROVIDES A LETTER TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARY AND EFFECTIVE DATE. THIS PROCESS WAS LAST UNDERTAKEN IN 2014. OFFICERS & KEY EMPLOYEES: PRIOR TO DETERMINING A COMPENSATION INCREASE FOR THE OFFICERS & KEY EMPLOYEES, A COMPENSATION ANALYSIS IS COMPLETED. THIS ANALYSIS IS GENERALLY COMPILED BY THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS USING COMPARABLE SALARY DATA FROM THREE OR MORE NONPROFIT SALARY SURVEYS AS WELL AS COMPARABLE ORGANIZATION SALARY INFORMATION COMPILED FROM THE FEDERAL FORM 990 OF SIMILAR ORGANIZATIONS TO USE AS A REFERENCE. THE COMPENSATION ANALYSIS IS PROVIDED TO THE PRESIDENT & CEO. BASED ON THE PERFORMANCE EVALUATION OF THESE INDIVIDUALS, THE PRESIDENT & CEO PROVIDES A MEMO TO THE BOARD OF DIRECTORS REQUESTING A COMPENSATION ADJUSTMENT ALONG WITH THE COMPENSATION ANALYSIS AND A PROPOSED BOARD OF DIRECTOR'S RESOLUTION AUTHORIZING A SALARY INCREASE. THIS IS TYPICALLY COMPLETED DURING THE EXECUTIVE SESSION OF A BOARD MEETING OR THROUGH CONFIDENTIAL EMAIL. ANY INCREASES IN COMPENSATION FOR OFFICERS & KEY EMPLOYEES REQUIRES APPROVAL OF THE BOARD. THE CHAIR OF THE BOARD OF DIRECTORS THEN PROVIDES A LETTER TO THE VICE PRESIDENT OF HUMAN CAPITAL AND OPERATIONS ON THE NEWLY APPROVED SALARIES AND EFFECTIVE DATE. ALTHOUGH MS. PAYNE IS TREATED AS AN OFFICER FOR PURPOSES OF THE 990 AS THE TOP FINANCIAL OFFICIAL, SHE IS NOT A LEGAL OFFICER OF THE CORPORATION AND THEREFORE HER COMPENSATION IS NOT SUBJECT TO THE POLICY LISTED ABOVE. FORM 990, PART VI, SECTION C, LINE 19 BOARDSOURCE'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. THE FINANCIAL STATEMENTS ARE ALSO AVAILABLE ON THE BOARDSOURCE WEBSITE.