2015-04-07T14:55:18-05:00 2014-09-30 420714325 MCGLADREY LLP 1185 AVENUE OF THE AMERICAS NEW YORK NY 100362602 990 2013-10-01 237270753 AMERICAN ASSOCIATES BEN-GURION UNIVERSITY OF THE NEGEV INC AMER 2126877721 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 HARRY P GREENWALD CFO 2126877721 2015-04-07 1 MARTIN GREIF P00029738 2123721000 2013 2016-02-25 16:41:14Z DORON KRAKOW 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 65015875 0 X WWW.AABGU.ORG X 1973 NY AABGU PLAYS A VITAL ROLE IN CREATING A WORLD CLASS UNIVERSITY IN THE ISRAELI DESERT. 70 69 48 150 0 0 20710583 37840966 0 0 14310227 11767024 -114611 -25263 34906199 49582727 27515455 26659609 0 0 5017063 5356337 30000 30000 5569775 2837801 3414009 35400319 35459955 -494120 14122772 209783936 226058132 11257701 13240629 198526235 212817503 AABGU PLAYS A VITAL ROLE IN SUSTAINING DAVID BEN GURION'S VISION, CREATING A WORLD CLASS INSTITUTION OF EDUCATION AND RESEARCH IN THE ISRAELI DESERT, NURTURING THE NEGEV COMMUNITY AND SHARING THE UNIVERSITY'S EXPERTISE LOCALLY AND AROUND THE GLOBE. 0 0 26632609 26632609 SUPPORT FOR BEN-GURION UNIVERSITY THIS YEAR INCLUDED GRANTS FOR ACADEMIC RESEARCH, HONORS PROGRAMS, SCHOLARSHIPS, BUILDINGS (INCLUDING DORMITORIES AND RESEARCH FACILITIES), EQUIPMENT AND OTHER CAPITAL PROJECTS, COMMUNITY OUTREACH EFFORTS AND SPECIFIC PROGRAMS AT THE UNIVERSITY'S MEDICAL SCHOOL, BUSINESS SCHOOL, AND INSTITUTES FOR DESERT RESEARCH AND WATER RESEARCH. 386936 27000 AABGU'S OVERSEAS STUDENT PROGRAM RECRUITS STUDENTS FROM THE U.S. TO STUDY AT BEN-GURION UNIVERSITY IN ISRAEL. 56591 THE AABGU ZIN FELLOWS LEADERSHIP DEVELOPMENT PROGRAM IS A TWO-YEAR PROGRAM, INCORPORATING TWO IN-PERSON GATHERINGS IN THE UNITED STATES FOLLOWED BY A TRIP TO ISRAEL. EACH ZIN FELLOWS CLASS CONSISTS OF 15 TO 20 OUTSTANDING INDIVIDUALS, AGES 35 TO 50, CURRENT AND FUTURE COMMUNITY LEADERS FROM ACROSS THE UNITED STATES, WHO ARE INTERESTED IN A NEW AND UNIQUE OPPORTUNITY TO BE ENGAGED IN THE FUTURE OF ISRAEL THROUGH THEIR CONNECTION TO THE NEGEV REGION. 27076136 1 1 0 0 0 1 0 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 33 0 1 48 1 0 0 0 0 0 1 1 0 0 0 0 X 70 69 1 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 1 1 0 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC ND NJ NH NM NY OH OK OR PA RI SC TN UT VA WA WI WV X X HARRY P GREENWALD 2126877721 1001 AVENUE OF THE AMERICAS 19TH FL NEW YORK NY 10018 X ZVI ALON BOARD MEMBER 1.00 X 0 0 0 ROBERT ARNOW PAST PRESIDENT/BOARD MEMBER 1.00 X 0 0 0 JOSHUA ARNOW FROM 91614 BOARD MEMBER 1.00 X 0 0 0 ARNOLD BENGIS BOARD MEMBER 1.00 X 0 0 0 RICHARD BERNSTEIN BOARD MEMBER 1.00 X 0 0 0 JACK R BERSHAD BOARD MEMBER 1.00 X 0 0 0 MARTIN BLACKMAN BOARD MEMBER 1.00 X 0 0 0 JAMES BRESLAUER FROM 91614 BOARD MEMBER 1.00 X 0 0 0 SYLVIA BRODSKY BOARD MEMBER 1.00 X 0 0 0 ROBERT COLTON FROM 91614 BOARD MEMBER 1.00 X 0 0 0 JACOB DAYAN ASSISTANT TREASURER 1.00 X X 0 0 0 ROCHELLE ETINGIN BOARD MEMBER 1.00 X 0 0 0 ANTHONY FELZEN BOARD MEMBER 1.00 X 0 0 0 STEVEN FINKELMAN BOARD MEMBER 1.00 X 0 0 0 STEWART FLINK BOARD MEMBER 1.00 X 0 0 0 RUTH FLINKMAN-MARANDY VICE PRESIDENT 1.00 X X 0 0 0 DEBORAH FOX FROM 91614 BOARD MEMBER 1.00 X 0 0 0 STEPHEN FRIEDMAN THRU 91614 BOARD MEMBER 0.00 X 0 0 0 DODI FROMSON BOARD MEMBER 1.00 X 0 0 0 LIS GAINES BOARD MEMBER 1.00 X 0 0 0 STANLEY GINSBURG VICE PRESIDENT 1.00 X X 0 0 0 DORIAN GOLDMAN BOARD MEMBER 1.00 X 0 0 0 LLOYD GOLDMAN PRESIDENT 5.00 X X 0 0 0 PAUL GOODMAN THRU 91614 BOARD MEMBER 1.00 X 0 0 0 ALEXANDER GOREN BOARD MEMBER 1.00 X 0 0 0 JASON GOTTLIEB BOARD MEMBER 1.00 X 0 0 0 BEN GUEFEN SECRETARY 1.00 X X 0 0 0 WILLIAM HANDY BOARD MEMBER 1.00 X 0 0 0 ARTHUR HESSEL BOARD MEMBER 1.00 X 0 0 0 SONYA HURST BOARD MEMBER 1.00 X 0 0 0 IRA INGERMAN TREASURER 3.00 X X 0 0 0 MARVIN ISRAELOW FROM 91614 BOARD MEMBER 1.00 X 0 0 0 MAX JAVIT BOARD MEMBER 1.00 X 0 0 0 WILLIAM JOEL VICE PRESIDENT 1.00 X X 0 0 0 EDWARD KAPLAN BOARD MEMBER 1.00 X 0 0 0 LEON KAPLAN BOARD MEMBER 1.00 X 0 0 0 SAM KATZ THRU 91614 BOARD MEMBER 1.00 X 0 0 0 CAROL KIMMEL FROM 91614 BOARD MEMBER 1.00 X 0 0 0 DONNA LAM BOARD MEMBER 1.00 X 0 0 0 MARIBETH LERNER BOARD MEMBER 1.00 X 0 0 0 MICHELE LEVIN BOARD MEMBER 1.00 X 0 0 0 NAT LEVY BOARD MEMBER 1.00 X 0 0 0 JAN ABBY LIFF BOARD MEMBER 1.00 X 0 0 0 SHELLY LONDON BOARD MEMBER 1.00 X 0 0 0 ROBERT MANN BOARD MEMBER 1.00 X 0 0 0 ELLEN MARCUS BOARD MEMBER 1.00 X 0 0 0 JOANNE MOORE BOARD MEMBER 1.00 X 0 0 0 MARJORIE OFFER FROM 91614 BOARD MEMBER 1.00 X 0 0 0 MICHAEL RAHAV BOARD MEMBER 1.00 X 0 0 0 JOEL REINSTEIN BOARD MEMBER 1.00 X 0 0 0 JOSEPH ROSE THRU 91614 VICE PRESIDENT 1.00 X X 0 0 0 LYON ROTH BOARD MEMBER 1.00 X 0 0 0 DR GABRIEL RUBANENKO BOARD MEMBER (FROM 9/16/14) 1.00 X 0 0 0 CAROL SAAL BOARD MEMBER 1.00 X 0 0 0 LITE SABIN BOARD MEMBER 1.00 X 0 0 0 RUBIN SALANT THRU 91614 BOARD MEMBER 1.00 X 0 0 0 MAX SCHECHNER BOARD MEMBER 1.00 X 0 0 0 ERNEST SCHELLER VICE PRESIDENT 1.00 X X 0 0 0 JANE GURAL SENDERS BOARD MEMBER 1.00 X 0 0 0 JACOB SHOCHAT BOARD MEMBER 1.00 X 0 0 0 MURRAY SHUSTERMAN BOARD MEMBER 1.00 X 0 0 0 FREDERICK SIEGMUND VICE PRESIDENT 1.00 X X 76443 0 0 JESSICA SILLINS VICE PRESIDENT 1.00 X X 0 0 0 ERNEST SIMON BOARD MEMBER 1.00 X 0 0 0 HARRIET SOFFA BOARD MEMBER 1.00 X 0 0 0 MICHAEL SONNENFELDT BOARD MEMBER (THRU 9/16/14) 1.00 X 0 0 0 ALTON SUTNICK VICE PRESIDENT 1.00 X X 0 0 0 CHARLES TEMEL BOARD MEMBER 1.00 X 0 0 0 IRA WAGNER BOARD MEMBER 1.00 X 0 0 0 MARTIN WEINBERG BOARD MEMBER 1.00 X 0 0 0 AILEEN WHITMAN BOARD MEMBER 1.00 X 0 0 0 WAYNE WOODMAN VICE PRESIDENT 1.00 X X 0 0 0 TONI YOUNG VICE PRESIDENT 1.00 X X 0 0 0 MONA ZEEHANDELAAR BOARD MEMBER 1.00 X 0 0 0 DR ROBERT ZIPKIN FROM 91614 BOARD MEMBER 1.00 X 0 0 0 ROY J ZUCKERBERG BOARD MEMBER 1.00 X 0 0 0 DORON KRAKOW EXECUTIVE V.P. 40.00 X 356548 0 37921 HARRY P GREENWALD CHIEF FINANCIAL & ADMINISTRATIVE OFFICER 40.00 X 217623 0 54327 PHILIP S GOMPERTS REGIONAL DIRECTOR 40.00 X 261006 0 43121 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 40.00 X 226017 0 55422 CLAIRE WINICK REGIONAL DIRECTOR 40.00 X 157267 0 36546 DAPHNA NOILY REGIONAL DIRECTOR 40.00 X 153130 0 38659 RONNI MORDECHAI-STRONGIN VP. MARKETING & 40.00 X 135390 0 50304 ANDREA MEISELES DIRECTOR OVERSEAS STUDENT PROGRAM 40.00 X 130125 0 20137 JAY LEIPZIG SENIOR PHILANTHROPIC ADVISOR 40.00 X 129046 0 7379 KEREN WARANCH REGIONAL DIRECTOR 40.00 X 116816 0 46057 GABRIEL MOST VP PROGRAMS & EVENTS 40.00 X 116738 0 18566 2076149 0 408439 14 0 1 0 DA'AT EDUCATIONAL EXPEDITIONS 147 W 35TH STREET SUITE 801 NEW YORK NY 10001 TRAVEL AGENT 108140 1 98962 37742004 547663 37840966 10341070 10341070 16720805 15294851 1425954 1425954 1425954 113034 98962 138297 -25263 -25263 49582727 0 0 11741761 27000 27000 26632609 26632609 1672030 69036 401760 1201234 2800786 126799 546773 2127214 141743 4535 31683 105525 436057 13952 97470 324635 305721 9782 68336 227603 22404 22404 132972 132972 30000 30000 151338 151338 329785 36302 293483 517780 9384 84894 423502 261110 7164 70647 183299 63545 16495 41628 5422 574898 328672 246226 208756 36279 22066 150411 440732 76593 46587 317552 103810 103810 51904 51904 DIRECT MAIL CAMPAIGN 207177 207177 BAD DEBT EXPENSE 184298 184298 MISCELLANEOUS 48822 0 48160 662 TEMPORARY HELP 42741 5867 36874 71937 4339 48285 19313 35459955 27076136 2814044 5569775 113145 97978 6107039 7322812 26025333 30714178 112574 130346 896387 358861 578832 537526 29880548 34919136 141419353 147297589 5547112 5038567 209783936 226058132 332593 515854 10925108 12724775 11257701 13240629 X -127550 664056 57763619 67815462 140890166 144337985 198526235 212817503 209783936 226058132 X 14122772 713027 -544531 X 0 1 X 1 0 X 20797850 38343965 25232125 20710583 37840966 142925489 20797850 38343965 25232125 20710583 37840966 142925489 16587055 126338434 6254959 4111280 7097837 13316312 10341070 41121458 140515 201930 114220 87352 113034 657051 184703998 0.68400 0.68270 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: SPECIAL EVENT GROSS INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 280978 20085 639818 1 1 821706 425411 X 0 156542451 13764926 11584887 12075878 81577 169734809 142405172 5153922 14021180 4973046 64777 156542451 136103741 2765769 8265603 4729941 142405172 132097905 5178283 3047822 4222879 -2610 136103741 126336941 3082499 7056902 4378437 132097905 0.82020 0.17980 1 0 563787 135204 428583 243666 171714 71952 88934 51943 36991 537526 INVESTMENTS - LIMITED PARTNERSHIPS 7349283 F INVESTMENTS - FOREIGN CORPORATIONS 1193750 F INVESTMENTS HELD IN ISRAEL 138754556 F 147297589 TUITION ADVANCES FROM OVERSEAS STUDENT PROGRAM 86213 OBLIGATIONS UNDER SPLIT-INTEREST AGREEMENTS 8042386 DUE TO BEN-GURION UNIVERSITY - GRANTS PAYABLE 4099614 DEFERRED LEASE OBLIGATION AND INCENTIVE 496562 12724775 X 49566925 713027 -728829 -15802 49582727 0 49582727 35275657 0 35275657 184298 184298 35459955 PART III, LINE 4: COLLECTION OF SEVERAL THOUSAND BOOKS AND OTHER PUBLICATIONS ON HERPETOLOGY DONATED MANY YEARS AGO TO AABGU; THEY ARE ON LONG TERM LOAN AT NO CHARGE TO BEN-GURION UNIVERSITY, AND THE BOOK VALUE IS $821,706. AN ART DEALER DONATED OVER 100 PAINTINGS VALUED AT $509,540 IN 2008. SINCE THEN AABGU HAS BEEN SELLING THESE PAINTINGS. THE BOOK VALUE OF UNSOLD PAINTINGS IS $331,211. PART V, LINE 4: THE ENDOWMENT FUNDS ARE INTENDED TO PROVIDE SCHOLARSHIPS AND FELLOWSHIPS FOR STUDENTS AT BEN-GURION UNIVERSITY; TO SUPPORT RESEARCH IN A VARIETY OF ACADEMIC FIELDS AT BEN-GURION UNIVERSITY; TO SUPPORT THE MEDICAL SCHOOL, BUSINESS SCHOOL, DESERT STUDIES PROGRAMS AND OTHER POST GRADUATE PROGRAMS AT BEN-GURION UNIVERSITY. PART X, LINE 2: AABGU QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "IRC"), AND IS A PUBLICLY SUPPORTED CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 509(A)(1) OF THE IRC. AABGU IS NOT CLASSIFIED AS A PRIVATE FOUNDATION, AND IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. FOR THE YEARS ENDED SEPTEMBER 30, 2014 AND 2013 AABGU DID NOT OWE ANY UBIT. MANAGEMENT HAS EVALUATED AABGU'S TAX POSITIONS AND CONCLUDED THAT AABGU HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, AABGU IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2011, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -544,531. LOSS ON UNCOLLECTIBLE PLEDGES -184,298. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON UNCOLLECTIBLE PLEDGES 184,298. FORM 990, SCHEDULE D, PART V, LINE 3A ENDOWMENTS HELD IN ISRAEL ARE EITHER TEMPORARILY RESTRICTED OR PERMANENTLY RESTRICTED GIFTS THAT HAVE BEEN TRANSMITTED TO BEN-GURION UNIVERSITY OF THE NEGEV ("BGU"), AND ARE MAINTAINED BY BGU ON BEHALF OF AABGU. EXCEPT FOR CERTAIN ENDOWMENT FUNDS WHICH REQUIRE THAT A PORTION OF THE EARNINGS BE REINVESTED IN THE ENDOWMENT FUND, ALL EARNINGS ON THE ENDOWMENTS MAINTAINED BY BGU ON BEHALF OF AABGU ARE AVAILABLE FOR SCHOLARSHIPS AND OTHER PROJECTS OF BGU. 1 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES PAYMENTS TO VENDORS IN ISRAEL WERE FOR EXPENSES OF THE ANNUAL JOURNALISTS' MISSION, BRINGING BGU FACULTY TO SPEAK AT DONOR EVENTS IN THE U.S. AND FOR EXPENSES OF AABGU STAFF ACCOMPANYING DONORS ON VISITS TO BEN-GURION UNIVERSITY. 156675 MIDDLE EAST AND NORTH AFRICA 0 0 INVESTMENTS 138754556 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 2467700 0 0 0 0 0 0 141378931 0 141378931 MIDDLE EAST AND NORTH AFRICA ACADEMIC CHAIRS 40000 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC PRIZES 69508 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ACADEMIC RESEARCH 4599035 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA BUSINESS SCHOOL 233632 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA CAPITAL PROJECTS 7117351 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA COMMUNITY OUTREACH 860252 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA DESERT STUDIES 1105747 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA LIBRARY SUPPORT 42809 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA MEDICAL SCHOOL AND HEALTH SERVICES 1988703 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA SCHOLARSHIPS 10171182 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA UNIVERSITY OPERATIONS 404279 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA ADDITIONS TO BGU REFERENCE LIBRARY 111 BOOKS FMV 1 0 1 0 1 0 0 0 PART I, LINE 2: AABGU RETAINS AN ACCOUNTING FIRM IN ISRAEL TO AUDIT THE UTILIZATION OF FUNDS GRANTED TO BEN-GURION UNIVERSITY (BGU). THIS ACCOUNTING FIRM ANNUALLY RECONCILES ALL GRANTS BY CATEGORY OF USE, PERFORMS TESTING TO SEE IF GRANTED FUNDS ARE APPLIED PROPERLY AND BIANNUALLY PROVIDES AABGU WITH A FULL AUDIT REPORT WITH THE RESULTS OF THE RECONCILIATION AND TESTING PROCEDURES. IN ADDITION FOR MAJOR GRANTS AABGU REQUESTS ANNUAL REPORTS FROM BGU ON HOW FUNDS WERE USED THAT YEAR. IN A FEW CASES AABGU FORMS OVERSIGHT COMMITTEES COMPOSED OF SOME MEMBERS OF ITS BOARD TO TRACK THE PROGRESS OF PROJECTS FUNDED BY AABGU GRANTS. X X X X X 1 AB DATA LTD 600 AB DATA DRIVE MILWAUKEE WI 53217 DIRECT MAIL SOLICITATIONS 1 289319 30000 259319 289319 30000 259319 AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MS MN NC ND NJ NH NM NY OH OK OR PA RI SC TN UT VA WA WI WV DINNER (MA) 107600 75600 32000 2656 4552 20707 1310 36490 DINNER (TX) 94396 13362 81034 1660 6250 50544 14128 1 10000 10000 211996 98962 113034 4316 10802 71251 1310 50618 138297 -25263 1 SCHOLARSHIPS 7 27000 PART I, LINE 2: AABGU HAS A PROCEDURE WHERE STUDENTS HAVE TO APPLY FOR SCHOLARSHIPS. AABGU STAFF REVIEW THE APPLICATIONS AND MAKE RECOMMENDATIONS. THE RECOMMENDATIONS ARE REVIEWED BY A COMMITTEE AND SCHOLARSHIPS ARE AWARDED. IN MOST CASES THE SCHOLARSHIP AWARDS ARE NOT GIVEN DIRECTLY TO THE STUDENTS, THE CASH IS SENT TO A BANK ACCOUNT BGU MAINTAINS IN THE U.S. WITH A NOTE TO BGU EXPLAINING WHAT AMOUNTS HAVE BEEN AWARDED TO WHICH STUDENTS. IN MOST CASES, FULL SCHOLARSHIPS ARE NOT AWARDED, ONLY PARTIAL SCHOLARSHIPS. AABGU MAKES SURE THAT STUDENTS HAVE IN FACT ENROLLED IN THE PROGRAM AND PAID THEIR SHARE OF TUITION BEFORE SCHOLARSHIPS ARE AWARDED. IN A FEW CASES SCHOLARSHIP MONIES ARE DISBURSED DIRECTLY TO THE STUDENTS. X X X X 0 0 0 0 0 0 0 1 0 DORON KRAKOW EXECUTIVE V.P. 356548 0 0 0 0 0 36000 0 1921 0 394469 0 0 0 HARRY P GREENWALD CHIEF FINANCIAL & ADMINISTRATIVE OFF 217623 0 0 0 0 0 15839 0 38488 0 271950 0 0 0 PHILIP S GOMPERTS REGIONAL DIRECTOR 261006 0 0 0 0 0 18602 0 24519 0 304127 0 0 0 KEVIN LEOPOLD EXECUTIVE DIRECTOR NORTHEAST 226017 0 0 0 0 0 16395 0 39027 0 281439 0 0 0 CLAIRE WINICK REGIONAL DIRECTOR 157267 0 0 0 0 0 11368 0 25178 0 193813 0 0 0 DAPHNA NOILY REGIONAL DIRECTOR 153130 0 0 0 0 0 11079 0 27580 0 191789 0 0 0 RONNI MORDECHAI-STRONGIN VP. MARKETING & 135390 0 0 0 0 0 10196 0 40108 0 185694 0 0 0 ANDREA MEISELES DIRECTOR OVERSEAS STUDENT PROGRAM 130125 0 0 0 0 0 6662 0 13475 0 150262 0 0 0 KEREN WARANCH REGIONAL DIRECTOR 116816 0 0 0 0 0 8861 0 37196 0 162873 0 0 0 PART I, LINE 7 AABGU INCLUDES A MERIT POOL IN ITS ANNUAL BUDGET. IN CALENDAR 2013 THE FOLLOWING EMPLOYEE, LISTED IN PART VII, RECEIVED A ONE TIME BONUS IN THE AMOUNT SHOWN, FOR OUTSTANDING PERFORMANCE: GABRIEL MOST - $2,500 X 2018 USED BOOKS WEBSITES X 37 545645 AVG H/L WHEN DONATED 0 0 1 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS SHOWN ABOVE REPRESENTS THE TOTAL NUMBER OF STOCK DONATIONS DURING THE YEAR. PART I, LINE 32B: PREVIOUSLY, A DONOR GAVE AABGU NEARLY A HUNDRED PAINTINGS, WHICH HAVE BEEN CONSIGNED TO AN ART DEALER TO SELL OVER TIME AS MARKET CONDITIONS PERMIT. FORM 990, PART VI, SECTION A, LINE 2 1. LLOYD GOLDMAN, DORIAN GOLDMAN AND MICHAEL SONNENFELDT, BOARD MEMBERS, HAVE FAMILY RELATIONSHIPS. 2. WAYNE WOODMAN AND ERNEST SCHELLER, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. 3. ROBERT ARNOW AND JOSHUA ARNOW, BOARD MEMBERS, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 10B AABGU HAS REGIONAL ADVISORY BOARDS IN SOME PARTS OF THE COUNTRY WHERE IT HAS SIGNIFICANT NUMBERS OF SUPPORTERS. THE COMPLIANCE OF REGIONAL ADVISORY BOARDS WITH POLICIES AND PROCEDURES OF THE NATIONAL ORGANIZATION IS ASSURED IN TWO WAYS: 1. REGIONAL ADVISORY BOARDS ARE GUIDED BY AABGU'S PROFESSIONAL DEVELOPMENT STAFF. 2. REGIONAL ADVISORY BOARDS INCLUDE ONE OR MORE MEMBERS OF AABGU'S NATIONAL BOARD (WHICH IS AABGU'S GOVERNING BODY). FORM 990, PART VI, SECTION B, LINE 11 THE REVIEW PROCESS FOR AABGU'S DRAFT 990 (BEFORE FILING) IS THAT THE BOARD'S AUDIT COMMITTEE REVIEWS THE DOCUMENT IN ITS ENTIRETY AND THE 990 IS NOT FILED UNTIL THE AUDIT COMMITTEE IS SATISFIED THAT IT IS IN ORDER. AFTER THE AUDIT COMMITTEE REVIEWS THE DRAFT 990, IT IS POSTED TO THE BOARD OF DIRECTORS SECTION OF THE AABGU WEBSITE, AND BOARD MEMBERS ARE NOTIFIED IT WILL BE FILED A WEEK LATER. FORM 990, PART VI, SECTION B, LINE 12C PROCEDURES RELATED TO AABGU'S CONFLICT OF INTEREST POLICY ARE AS FOLLOWS: 1. PRIOR TO THE BOARD'S ANNUAL MEETING EACH YEAR, CONFLICT OF INTEREST DISCLOSURE FORMS ARE DISTRIBUTED TO BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES. 2. COMPLETED FORMS ARE COLLECTED AT THE ANNUAL MEETING. 3. THE PROFESSIONAL STAFF FOLLOWS UP WITH ANY BOARD MEMBERS, OFFICERS OR KEY EMPLOYEES WHO DID NOT PROVIDE A COMPLETED FORM AT THE ANNUAL MEETING TO OBTAIN A COMPLETED CONFLICT OF INTEREST DISCLOSURE FORM. 4. THE CFO REVIEWS THE COMPLETED FORMS FOR ANY EXISTING OR POTENTIAL CONFLICTS AND IF ONE EXISTS, APPROPRIATE FOLLOW UP ACTION IS UNDERTAKEN AS SET FORTH IN THE POLICY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY REQUIRES THAT INDIVIDUALS WITH CONFLICTS OF INTEREST WITH RESPECT TO A TRANSACTION OR ACTION MAY NOT PARTICIPATE IN THE DISCUSSION AND DECISION-MAKING WITH RESPECT TO THAT TRANSACTION OR ACTION. FORM 990, PART VI, SECTION B, LINE 15 AABGU HAS A COMPENSATION COMMITTEE. AABGU'S BY-LAWS PROVIDE: THE COMPENSATION COMMITTEE SHALL BE RESPONSIBLE FOR MAKING COMPENSATION RECOMMENDATIONS FOR ALL TOP EXECUTIVES, INCLUDING THE EXECUTIVE VICE PRESIDENT. IT SHALL PRESCRIBE POLICY STANDARDS WITH RESPECT TO PERFORMANCE, ESTABLISH CRITERIA FOR SUPPLEMENTAL BENEFITS AND PERQUISITES, ALL RELATIVE TO MARKET COMPETITIVENESS. THE RECOMMENDATIONS SHALL BE MADE AVAILABLE TO THE EXECUTIVE COMMITTEE FOR APPROVAL. THE CFO ANNUALLY PREPARES AN ANALYSIS OF THE COMPENSATION OF THE SENIOR OFFICERS OF THE OTHER "FRIENDS OF ISRAELI UNIVERSITIES" ORGANIZATIONS BASED ON THE MOST RECENTLY AVAILABLE 990S. THIS MATERIAL IS PROVIDED TO THE COMPENSATION COMMITTEE IN ADVANCE OF ANY DELIBERATIONS WITH REGARD TO THE COMPENSATION OF SENIOR OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 AABGU MAKES ITS AUDITED FINANCIAL STATEMENTS AND KEY GOVERNANCE DOCUMENTS AND POLICIES AVAILABLE UPON REQUEST. AABGU POSTS A COPY OF THE 990 AND ITS AUDITED FINANCIAL STATEMENTS TO ITS WEBSITE. FORM 990, PART VII, SECTION A FREDERICK SIEGMUND, AABGU BOARD MEMBER AND ASSISTANT SECRETARY, ALSO PROVIDES LEGAL COUNSEL TO THE ORGANIZATION. HIS COMPENSATION SHOWN ON PART VII IS FOR HIS SERVICES PROVIDED TO THE ORGANIZATION AS LEGAL COUNSEL AND NOT FOR HIS BOARD SERVICE. FORM 990, PART VII THE ORGANIZATION, IN A FULL TRANSPARENCY POSTURE TO REPORTING, IS REPORTING ALL BENEFITS IN FULL IN PART VII, COLUMN F, AND NOT APPLYING THE $10,000 PER ITEM EXCEPTION FOR CERTAIN BENEFITS. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS -544,531.