FINANCIAL ACCOUNTING FOUNDATION: Form 990, tax year 2014

View the entire original 990 at ProPublica ↗

Organization: FINANCIAL ACCOUNTING FOUNDATION (EIN 23-7211935)
Tax period: 2014-01-01 to 2014-12-31
Filed: 2015-05-01
IRS object ID: 201521219349301302
Schema version: 2014v5.0
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	2015-05-01T13:42:24-05:00	ReturnTs
Tax Period End	2014-12-31	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	MCGLADREY 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	2014-01-01	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	2015-04-28	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

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

Field	Value	IRS element (for citing)
Tax	2014	TaxYr
Build TS	2016-02-25 16:41:14Z	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	$48,944,795	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 FINANCIAL ACCOUNTING AND REPORTING STANDARDS, THROUGH AN INDEPENDENT AND OPEN PROCESS, RESULTING IN FINANCIAL REPORTS THAT PROVIDE DECISION-USEFUL INFORMATION. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION WITH RESPONSIBILITY FOR THE OVERSIGHT, ADMINISTRATION, AND FINANCES OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), AND THEIR ADVISORY COUNCILS, THE FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC) AND THE GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC), ALL OF WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS.	ActivityOrMissionDesc
Voting Members Governing Body	17	VotingMembersGoverningBodyCnt
Voting Members Independent	17	VotingMembersIndependentCnt
Total Employee	202	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	$931,040	PYInvestmentIncomeAmt
CY Investment Income	$924,706	CYInvestmentIncomeAmt
PY Other Revenue	$52,829,425	PYOtherRevenueAmt
CY Other Revenue	$47,680,134	CYOtherRevenueAmt
PY Total Revenue	$53,760,465	PYTotalRevenueAmt
CY Total Revenue	$48,604,840	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$3,000,000	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$36,611,504	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$36,718,671	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$13,309,263	PYOtherExpensesAmt
CY Other Expenses	$13,240,436	CYOtherExpensesAmt
PY Total Expenses	$49,920,767	PYTotalExpensesAmt
CY Total Expenses	$52,959,107	CYTotalExpensesAmt
PY Revenues Less Expenses	$3,839,698	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$4,354,267	CYRevenuesLessExpensesAmt
Total Assets BOY	$99,080,044	TotalAssetsBOYAmt
Total Assets EOY	$93,190,840	TotalAssetsEOYAmt
Total Liabilities BOY	$15,275,323	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$19,091,101	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$83,804,721	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$74,099,739	NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part III	Yes (X)	InfoInScheduleOPartIIIInd
Mission	ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, THROUGH AN INDEPENDENT AND OPEN PROCESS, RESULTING IN FINANCIAL REPORTS THAT PROVIDE DECISION-USEFUL INFORMATION.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$35,417,156	ExpenseAmt
Grant	$3,000,000	GrantAmt
Revenue	$39,808,552	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 2014 FOCUSED 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-INCLUDING IMPAIRMENT, CLASSIFICATION AND MEASUREMENT, INSURANCE, AND LEASES. THE FOLLOWING ARE SOME SPECIFIC ACCOMPLISHMENTS AND INITIATIVES IN 2014 RELATED TO THESE AGENDA ITEMS AND IMPROVING GAAP IN GENERAL. HOWEVER, FOR A COMPLETE AND DETAILED PICTURE 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 2014 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 MAY 2014, THE FASB ISSUED ASU NO. 2014-09, REVENUE FROM CONTRACTS WITH CUSTOMERS (TOPIC 606), COMPLETING ONE OF THE MAJOR JOINT PROJECTS WITH THE IASB. THE FASB CONTINUED WORK ON THE REMAINING JOINT PROJECTS WITH THE IASB- FINANCIAL INSTRUMENTS (CLASSIFICATION AND MEASUREMENT), FINANCIAL INSTRUMENTS (IMPAIRMENT), LEASING, AND INSURANCE CONTRACTS, REACHING SEVERAL KEY PROJECT MILESTONES. THE FAF ALSO MADE A NON-RECURRING CONTRIBUTION OF $3 MILLION TO THE INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION TO SUPPORT THE EFFORTS OF THE IASB TO COMPLETE WORK ON THESE REMAINING PROJECTS. 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. IN 2014, THE JOINT REVENUE RECOGNITION TRANSITION RESOURCE GROUP WAS ESTABLISHED WITH THE IASB. THE GROUP COMPRISES FINANCIAL STATEMENT PREPARERS, AUDITORS, AND USERS ACROSS MANY INDUSTRIES, GEOGRAPHIC LOCATIONS, AND PUBLIC AND PRIVATE COMPANIES. ITS OBJECTIVE IS TO DISCUSS IMPLEMENTATION QUESTIONS RAISED BY STAKEHOLDERS SO THAT THE BOARDS CAN DECIDE IF ADDITIONAL ACTION IS NECESSARY. THE FASB COMPLETED A VARIETY OF PROJECTS TO IMPROVE ASPECTS OF GAAP, ISSUING 18 FINAL ACCOUNTING STANDARDS UPDATES (ASUS) IN 2014.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 WERE INSTRUMENTAL IN DEVELOPING A NUMBER OF ASUS. THE FASB CONTINUED WITH THE CONTINUED 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 TWO FASB STANDARDS PROJECTS. 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 79 DIFFERENT CONFERENCES DURING THE YEAR - 40 PRESS RELEASES, MEDIA ADVISORIES AND TWEETS WERE SENT ON A VARIETY OF FASB STANDARD SETTING ACTIVITIES - 10 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 2014. 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 , THE SMALL BUSINESS ADVISORY COMMITTEE, AND EMERGING ISSUES TASK FORCE ALL HELD MEETINGS IN 2014 TO SUPPORT THE EFFORTS OF THE FASB.	Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

Field	Value	IRS element (for citing)
Expense	$7,339,153	ExpenseAmt
Revenue	$7,865,868	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. THE GASB MARKED ITS 30TH YEAR IN 2014.IN 2014, GASB ISSUED EIGHT DOCUMENTS INCLUDING A CONCEPT STATEMENT, EXPOSURE DRAFTS, AND PRELIMINARY VIEWS DOCUMENTS. FOR A COMPLETE AND DETAILED PICTURE 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 2014 ACCOMPLISHMENTS AND CAN BE FOUND AT ACCOUNTINGFOUNDATION.ORG. BELOW ARE SOME OF THE KEY HIGHLIGHTS IN 2014.THE GASB CONTINUED ITS OUTREACH AND EDUCATIONAL ACTIVITIES RELATED TO THE PENSION STANDARD ISSUED BY THE BOARD IN 2012, WHICH APPLIES TO FISCAL YEARS ENDING JUNE 2015. ACTIVITIES INCLUDED THE CREATION OF THE PENSION COMMUNICATION RESOURCE GROUP WHICH BRINGS TOGETHER A CROSS SECTION OF KEY STAKEHOLDER ORGANIZATIONS. THE OBJECTIVE IS TO IDENTIFY SUMMARIES, COMMENTARIES, PRESENTATIONS AND OTHER DOCUMENTS THAT CLEARLY CONVEY THE NATURE OF THE NEW PENSION STANDARDS AND WHAT THE PUBLIC CAN EXPECT FROM GOVERNMENTAL REPORTING ON PENSION PROGRAMS IN THE FUTURE. THE COMPANION PROJECT TO 2012'S PENSION STANDARDS ADDRESSES OTHER POSTEMPLOYMENT BENEFITS (OPEB). IN 2014, THE GASB ISSUED TWO EXPOSURE DRAFTS INTENDED TO SIGNIFICANTLY IMPROVE FINANCIAL REPORTING BY STATE AND LOCAL GOVERNMENTS OF OTHER POST-EMPLOYMENT BENEFITS (OPEB), WHICH RELATE MAINLY TO POST-EMPLOYMENT HEALTH CARE BENEFITS.IN 2014, THE GASB SUBSTANTIALLY COMPLETED ITS WORK ON GUIDANCE ON ACCOUNTING AND FINANCIAL REPORTING ISSUES RELATED TO FAIR VALUE MEASUREMENTS, WHICH PRIMARILY APPLIES TO INVESTMENTS MADE BY STATE AND LOCAL GOVERNMENTS. THE FINAL STATEMENT WAS ISSUED FEBRUARY 2015, AND IS EXPECTED TO BRING GREATER CONSISTENCY TO HOW GOVERNMENTS DETERMINE THE FAIR MARKET VALUE OF THEIR INVESTMENTS, ESPECIALLY THOSE FOR WHICH MARKET VALUES ARE NOT READILY AVAILABLE.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 2014, GASB MEMBERS AND STAFF DELIVERED SPEECHES AT 86 DIFFERENT CONFERENCES DURING THE YEAR. THE GASB ISSUED 18 PRESS RELEASES, MEDIA ADVISORIES AND TWEETS ON A VARIETY OF GASB STANDARD SETTING ACTIVITIES AND OFFERED 15 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 TWO YEARS, CONTINUED WITH THE COMPLETION OF ONE GASB STANDARDS PROJECT. THE THIRTY-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 2014, THE GASAC HELD THREE MEETINGS.	Desc

Field	Value	IRS element (for citing)
Total Program Service Expenses	$42,756,309	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	Yes (1)	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	104	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	202	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
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	17	GoverningBodyVotingMembersCnt
Independent Voting Member	17	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 (30 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	10.00	Yes (X)	Yes (X)	$150,000	$0	$0
CAROL A JOHN DAVIDSON
TRUSTEE, VICE CHAIRMAN	5.00	Yes (X)	Yes (X)	$65,000	$0	$0
ANN MARIE PETACH
TRUSTEE, TREASURER	3.00	Yes (X)	Yes (X)	$55,000	$0	$0
JOHN J BRENNAN
TRUSTEE	4.00	Yes (X)		$27,500	$0	$0
LUIS M VICEIRA
TRUSTEE	3.00	Yes (X)		$56,667	$0	$0
EDWARD E NUSBAUM
TRUSTEE	3.00	Yes (X)		$0	$0	$0
WMMACK LAWHON
TRUSTEE	4.00	Yes (X)		$65,000	$0	$0
STEPHEN R HOWE JR
TRUSTEE	3.00	Yes (X)		$0	$0	$0
MICHELLE R SEITZ
TRUSTEE	4.00	Yes (X)		$63,333	$0	$0
W DANIEL EBERSOLE
TRUSTEE	4.00	Yes (X)		$65,000	$0	$0
PAUL G CAMELL
TRUSTEE	4.00	Yes (X)		$65,000	$0	$0
CHARLES S COX
TRUSTEE	3.00	Yes (X)		$55,000	$0	$0
JOHN C DUGAN
TRUSTEE	3.00	Yes (X)		$55,000	$0	$0
TERI L LIST-STOLL
TRUSTEE	4.00	Yes (X)		$65,000	$0	$0
TERRY WARFIELD
TRUSTEE	3.00	Yes (X)		$55,000	$0	$0
GARY H BRUEBAKER
TRUSTEE	3.00	Yes (X)		$0	$0	$0
NANCY K KOPP
TRUSTEE	3.00	Yes (X)		$0	$0	$0
ANN M SPRUILL
TRUSTEE	3.00	Yes (X)		$55,000	$0	$0
TERESA S POLLEY
PRESIDENT	40.00		Yes (X)	$599,584	$0	$99,384
RONALD P GUERRETTE
VICE PRESIDENT	40.00		Yes (X)	$338,169	$0	$70,667
JODI P DOTTORI
VICE PRESIDENT AND CHIEF O	40.00		Yes (X)	$400,796	$0	$20,420
JEFFREY W RUBIN
VICE PRESIDENT AND GENERAL	40.00		Yes (X)	$340,817	$0	$96,658
RUSSELL G GOLDEN
CHAIRMAN, FASB	40.00			$979,787	$0	$76,213	Yes (X)
DAVID A VAUDT
CHAIRMAN, GASB	40.00			$463,152	$0	$81,388	Yes (X)
JAMES L KROEKER
VICE CHAIRMAN, FASB	40.00			$860,007	$0	$51,210	Yes (X)
LAWRENCE W SMITH
FASB BOARD MEMBER	40.00			$791,881	$0	$147,166		Yes (X)
MARC A SIEGEL
FASB BOARD MEMBER	40.00			$761,805	$0	$61,667		Yes (X)
THOMAS J LINSMEIER
FASB BOARD MEMBER	40.00			$778,633	$0	$106,141		Yes (X)
DARYL E BUCK
FASB BOARD MEMBER	40.00			$766,409	$0	$70,429		Yes (X)
R HAROLD SCHROEDER
FASB BOARD MEMBER	40.00			$779,660	$0	$91,841		Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$8,758,200	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$973,184	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	87	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
PWC
400 CAMPUS DRIVE	FLORHAM PARK	NJ	07932	PAYMENTS FOR FELLOWS	$1,084,228
EY
200 PLAZA DRIVE	SECAUCUS	NJ	07094	PAYMENTS FOR FELLOWS	$534,728
ADVANCED COMPUTER TECHNOLOGIES
108 MAIN STREET	NORWALK	CT	06856	IT CONSULTANT	$526,138
K & L GATES
1601 K STREET NW	WASHINGTON	DC	20006	CONSULTANT EXTERNAL RELATIONS	$470,646
DELOITTE LLP
10 WESTPORT ROAD	WILTON	CT	06897	PAYMENTS FOR FELLOWS	$433,636

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	15	CntrctRcvdGreaterThan100KCnt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$924,970	TotalRevenueColumnAmt
Exclusion	$924,970	ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$5,714	TotalRevenueColumnAmt
Exclusion	$5,714	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Securities	$4,343	SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Securities	$4,607	SecuritiesAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Securities	-$264	SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	-$264	TotalRevenueColumnAmt
Exclusion	-$264	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$557,881	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$335,348	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$222,533	TotalRevenueColumnAmt
Related Or Exempt Func Income	$222,533	RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ACCOUNTING SUPPORT FEES	900099	$30,193,496	$30,193,496
LICENSE FEE AND SUBSCRIPTION REVE	900099	$17,243,787	$17,243,787
OTHER REVENUE	900099	$14,604	$14,604

Field	Value	IRS element (for citing)
Other Revenue Total	$47,451,887	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$48,604,840	TotalRevenueColumnAmt
Related Or Exempt Func Income	$47,674,420	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$930,420	ExclusionAmt

Foreign Grants ForeignGrantsGrp

Field	Value	IRS element (for citing)
Total	$3,000,000	TotalAmt
Program Services	$3,000,000	ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$5,375,752	TotalAmt
Program Services	$2,511,757	ProgramServicesAmt
Management And General	$2,863,995	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$24,753,420	TotalAmt
Program Services	$22,330,445	ProgramServicesAmt
Management And General	$2,422,975	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$2,334,461	TotalAmt
Program Services	$2,082,580	ProgramServicesAmt
Management And General	$251,881	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$2,999,296	TotalAmt
Program Services	$2,488,028	ProgramServicesAmt
Management And General	$511,268	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$1,255,742	TotalAmt
Program Services	$1,077,674	ProgramServicesAmt
Management And General	$178,068	ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

Field	Value	IRS element (for citing)
Total	$1,987,458	TotalAmt
Program Services	$926,358	ProgramServicesAmt
Management And General	$1,061,100	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$55,962	TotalAmt
Management And General	$55,962	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$197,108	TotalAmt
Management And General	$197,108	ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

Field	Value	IRS element (for citing)
Total	$298,662	TotalAmt
Program Services	$298,662	ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

Field	Value	IRS element (for citing)
Total	$2,116	TotalAmt
Management And General	$2,116	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$401,960	TotalAmt
Program Services	$135,064	ProgramServicesAmt
Management And General	$266,896	ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

Field	Value	IRS element (for citing)
Total	$765,195	TotalAmt
Program Services	$298,181	ProgramServicesAmt
Management And General	$467,014	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$2,020,102	TotalAmt
Program Services	$1,303,444	ProgramServicesAmt
Management And General	$716,658	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$604,267	TotalAmt
Program Services	$524,119	ProgramServicesAmt
Management And General	$80,148	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$656,633	TotalAmt
Program Services	$393,508	ProgramServicesAmt
Management And General	$263,125	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$746,202	TotalAmt
Program Services	$514,941	ProgramServicesAmt
Management And General	$231,261	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$243,414	TotalAmt
Management And General	$243,414	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
COST OF LICENSE FEE AND	$3,832,284	$3,832,284
PLACEMENT & RECRUITING	$468,407	$353,275	$115,132
SUBSCRIPTION & LIBRARY	$313,137	$302,026	$11,111
BILLING AND COLLECTION	$239,400	$239,400

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$408,129	TotalAmt
Program Services	$144,563	ProgramServicesAmt
Management And General	$263,566	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$52,959,107	TotalAmt
Program Services	$42,756,309	ProgramServicesAmt
Management And General	$10,202,798	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$3,804,937	BOYAmt
EOY	$3,764,154	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$10,303,207	BOYAmt
EOY	$10,966,321	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$5,336,755	BOYAmt
EOY	$5,326,149	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$78,660	BOYAmt
EOY	$83,071	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$314,865	BOYAmt
EOY	$299,751	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$13,111,026	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$10,800,608	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$2,718,030	BOYAmt
EOY	$2,310,418	EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

Field	Value	IRS element (for citing)
BOY	$72,139,972	BOYAmt
EOY	$67,588,325	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$2,390,366	BOYAmt
EOY	$2,852,651	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,993,252	BOYAmt
EOY	$0	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$99,080,044	BOYAmt
EOY	$93,190,840	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$655,418	BOYAmt
EOY	$1,484,932	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$6,518,107	BOYAmt
EOY	$6,603,408	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$8,101,798	BOYAmt
EOY	$11,002,761	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$15,275,323	BOYAmt
EOY	$19,091,101	EOYAmt

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

Unrestricted Net Assets UnrestrictedNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	$83,804,721	BOYAmt
EOY	$74,099,739	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$83,804,721	BOYAmt
EOY	$74,099,739	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$99,080,044	BOYAmt
EOY	$93,190,840	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	-$4,354,267	ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst	$14,435	NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets	-$5,365,150	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	$35,286,613	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$31,225,803	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$38,220,788	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$32,917,201	CurrentTaxYearMinus1YearAmt
Current Tax Year	$30,193,496	CurrentTaxYearAmt
Total	$167,843,901	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$35,286,613	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$31,225,803	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$38,220,788	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$32,917,201	CurrentTaxYearMinus1YearAmt
Current Tax Year	$30,193,496	CurrentTaxYearAmt
Total	$167,843,901	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$167,843,901	PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,286,945	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$1,212,046	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$1,060,769	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$953,145	CurrentTaxYearMinus1YearAmt
Current Tax Year	$930,684	CurrentTaxYearAmt
Total	$5,443,589	TotalAmt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$2,539,003	CurrentTaxYearMinus1YearAmt
Total	$2,539,003	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$175,826,493	TotalSupportAmt
Gross Receipts Rltd Activities	$89,930,305	GrossReceiptsRltdActivitiesAmt
Public Support CY170	0.95460	PublicSupportCY170Pct
Public Support PY170	0.95180	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	$650,000	FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$650,000	FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$52,309,107	FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

Field	Value	IRS element (for citing)
Filing Organizations Total	$52,959,107	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	$620,000	CurrentYearMinus3Amt
Current Year Minus2	$740,000	CurrentYearMinus2Amt
Current Year Minus1	$726,800	CurrentYearMinus1Amt
Current Year	$650,000	CurrentYearAmt
Total	$2,736,800	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	$0	CurrentYearAmt

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 2014, WE ENGAGED IN LOBBYING EFFORTS WITH RESPECT TO (I) LEGISLATION TO EXEMPT THE FASB FROM SEQUESTRATION; (II) LEGISLATION THAT WOULD HAVE ASSIGNED TO THE FAF AND FASB CERTAIN RESPONSIBILITIES RELATING TO THE FEDERAL ACCOUNTING STANDARDS ADVISORY BOARD; AND (III) U.S. EFFORTS REGARDING ACCOUNTING CONVERGENCE.	ExplanationTxt

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$5,153,396	OtherCostOrOtherBasisAmt
Depreciation	$3,867,319	DepreciationAmt
Book Value	$1,286,077	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$7,957,630	OtherCostOrOtherBasisAmt
Depreciation	$6,933,289	DepreciationAmt
Book Value	$1,024,341	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$2,310,418	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDesc	AmtAmt
ACCRUED PAYROLL AND RELATED BENEFITS	$1,131,629
ACCRUED RENT EXPENSE	$2,352,475
ACCRUED PENSION COSTS	$5,161,181
ACCRUED 457B PLAN COSTS	$768,724
ACCRUED POSTRETIREMENT HEALTH CARE COSTS	$1,588,752

Field	Value	IRS element (for citing)
Total Liability	$11,002,761	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$44,977,375	TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst	$14,435	NetUnrealizedGainsInvstAmt
Donated Services And Use Fclts	$192,500	DonatedServicesAndUseFcltsAmt
Revenue Not Reported	$206,935	RevenueNotReportedAmt
Revenue Subtotal	$44,770,440	RevenueSubtotalAmt
Investment Expenses Not Incld	$2,116	InvestmentExpensesNotIncldAmt
Other Revenues Not Included	$3,832,284	OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt	$3,834,400	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$48,604,840	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$49,317,207	TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts	$192,500	DonatedServicesUseFcltsAmt
Expenses Not Reported	$192,500	ExpensesNotReportedAmt
Expenses Subtotal	$49,124,707	ExpensesSubtotalAmt
Investment Expenses Not Incld2	$2,116	InvestmentExpensesNotIncld2Amt
Other Expenses Not Included	$3,832,284	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$3,834,400	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$52,959,107	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. THE FOUNDATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING DECEMBER 31, 2011 THROUGH 2013.
PART XI, LINE 4B - OTHER ADJUSTMENTS:	COST OF SUBSCRIPTION AND LICENSE FEE REVENUE - 3,832,284
PART XII, LINE 4B - OTHER ADJUSTMENTS:	COST OF SUBSCRIPTION AND LICENSE FEE REVENUE - 3,832,284

Schedule F IRS990ScheduleF

Field	Value	IRS element (for citing)
Grant Records Maintained	Yes (1)	GrantRecordsMaintainedInd

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 AND OTHER NATIONAL STANDARD SETTERS ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS	$167,123
EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL ACCOUNTING STANDARDS	$32,401
EUROPE (INCLUDING ICELAND & GREENLAND)	GRANTMAKING		$3,000,000

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	$3,199,524	SubtotalSpentAmt
Continuation Spent	$0	ContinuationSpentAmt
Total Spent	$3,199,524	TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

Field	Value	IRS element (for citing)
Region	EUROPE (INCLUDING ICELAND & GREENLAND)	RegionTxt
Purpose Of Grant	CONTRIBUTION TO SUPPORT STANDARD SETTING CONVERGENCE ACTIVITIES	PurposeOfGrantTxt
Cash Grant	$3,000,000	CashGrantAmt
Manner Of Cash Disbursement	WIRE TRANSFER	MannerOfCashDisbursementTxt

Field	Value	IRS element (for citing)
Total501c3 Org	1	Total501c3OrgCnt
Total Other Org	0	TotalOtherOrgCnt
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	0	BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc

ExplanationExplanationTxt

PART I, LINE 2:

THE NON-RECURRING CONTRIBUTION TO THE INTERNATIONAL FINANCIAL REPORTING STANDARDS FOUNDATION (IFRS FOUNDATION) WAS MADE TO SUPPORT THE EFFORTS OF THE IFRS FOUNDATIONS'S STANDARD-SETTING BODY, THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) TO COMPLETE WORK ON PROJECTS UNDERWAY WITH THE FASB. THE CONTRIBUTION WAS MADE UP OF THREE EQUAL PAYMENTS THROUGHOUT THE YEAR, WHICH WERE SEPARATELY APPROVED BY THE BOARD OF TRUSTEES BASED ON THEIR DETERMINATION THAT THE IASB IS COLLABORATING SATISFACTORILY WITH THE FASB ON THESE PROJECTS.

PART I, LINE 3:

THE ORGANIZATION USES GAAP TO REPORT EXPENDITURES IN A FOREIGN REGION.

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	0	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	$515,000	$0	$45,000	$0	$39,584	$0	$95,504	$0	$3,880	$0	$698,968	$0	$0	$0
RONALD P GUERRETTE
VICE PRESIDENT	$318,098	$0	$0	$0	$20,071	$0	$44,895	$0	$25,772	$0	$408,836	$0	$0	$0
JODI P DOTTORI
VICE PRESIDENT AND CHIEF O	$93,053	$0	$272,016	$0	$35,727	$0	$7,274	$0	$13,146	$0	$421,216	$0	$0	$0
JEFFREY W RUBIN
VICE PRESIDENT AND GENERAL	$323,459	$0	$0	$0	$17,358	$0	$59,004	$0	$37,654	$0	$437,475	$0	$0	$0
RUSSELL G GOLDEN
CHAIRMAN, FASB	$867,759	$0	$0	$0	$112,028	$0	$40,224	$0	$35,989	$0	$1,056,000	$0	$0	$0
DAVID A VAUDT
CHAIRMAN, GASB	$429,202	$0	$0	$0	$33,950	$0	$66,490	$0	$14,898	$0	$544,540	$0	$0	$0
JAMES L KROEKER
VICE CHAIRMAN, FASB	$769,280	$0	$0	$0	$90,727	$0	$24,765	$0	$26,445	$0	$911,217	$0	$0	$0
LAWRENCE W SMITH
FASB BOARD MEMBER	$687,427	$0	$0	$0	$104,454	$0	$110,784	$0	$36,382	$0	$939,047	$0	$0	$0
MARC A SIEGEL
FASB BOARD MEMBER	$687,427	$0	$0	$0	$74,378	$0	$25,285	$0	$36,382	$0	$823,472	$0	$0	$0
THOMAS J LINSMEIER
FASB BOARD MEMBER	$686,882	$0	$0	$0	$91,751	$0	$77,398	$0	$28,743	$0	$884,774	$0	$0	$0
DARYL E BUCK
FASB BOARD MEMBER	$686,532	$0	$0	$0	$79,877	$0	$41,072	$0	$29,357	$0	$836,838	$0	$0	$0
R HAROLD SCHROEDER
FASB BOARD MEMBER	$687,559	$0	$0	$0	$92,101	$0	$55,588	$0	$36,253	$0	$871,501	$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, LINE 4B	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 OCCURRED IN MARCH 2015, AFTER A MANDATORY DEFERRAL PERIOD. THE PORTION OF THESE PAYOUTS NOT PREVIOUSLY TAXED AND RELATED TAX GROSS-UPS ARE INCLUDED AS 2014 DEFERRED COMPENSATION IN SCHEDULE J, COLUMN C. 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 - $94,190 RONALD GUERRETTE- $19,160 LAWRENCE SMITH- $172,398 THOMAS LINSMEIER- $114,825 DAVID VAUDT- $26,053 RUSSELL GOLDEN- $125,280 DARYL BUCK- $75,867 HAROLD SCHROEDER - $85,752 MARC SIEGEL - $71,221 JAMES KROEKER - $87,907 JODI DOTTORI- $252 JEFFREY RUBIN- $11,329
PART I, LINE 7	THE AMOUNT SHOWN ON PART II, COLUMN B (II) FOR TERESA POLLEY, PRESIDENT AND CEO, WAS PAID AND AWARDED BASED ON 2014 PERFORMANCE AND APPROVED BY THE BOARD OF TRUSTEES. THE AMOUNT SHOWN ON PART II, COLUMN B (II) FOR JODI DOTTORI, VICE PRESIDENT AND CHIEF OF STAFF, WAS PAID AND AWARDED BASED ON PERFORMANCE AND OTHER CONSIDERATIONS AND APPROVED BY THE 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 FAF 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 FAF 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 FINANCE AND COMPENSATION COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, HAS THE AUTHORITY TO RECOMMEND ANNUAL COMPENSATION PARAMETERS FOR THE KEY EMPLOYEES, WHICH INCLUDES THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND THE FASB AND GASB MEMBERS. THESE RECOMMENDATIONS ARE BASED ON STUDIES CONDUCTED BY INDEPENDENT COMPENSATION CONSULTANTS THAT PERFORM MARKET RESEARCH AND PROVIDE COMPREHENSIVE COMPENSATION COMPARABILITY REPORTS. THE APPOINTMENTS AND EVALUATIONS COMMITTEE OF THE FAF BOARD OF TRUSTEES IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE FASB AND GASB MEMBERS ANNUALLY, AND THE EXECUTIVE 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 ANNUALLY. THE APPOINTMENTS AND EVALUATIONS COMMITTEE DETERMINES THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FASB AND GASB MEMBERS, WHILE THE EXECUTIVE COMMITTEE DETERMINES THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER. THESE COMPENSATION RECOMMENDATIONS ARE THEN PROVIDED TO THE FULL 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 2012, 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 2011 WITH RESPECT TO KEY EMPLOYEES, AND (2) THE FAIRNESS OF 2011 TRUSTEE COMPENSATION. THIS REVIEW WILL BE PERFORMED AGAIN IN 2015. FOR OTHER FAF EMPLOYEES, 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 -5,365,150.