FINANCIAL ACCOUNTING FOUNDATION: Form 990, tax year 2013
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL ACCOUNTING FOUNDATION (EIN 23-7211935)
- Tax period
- 2013-01-01 to 2013-12-31
- Filed
- 2014-05-14
- IRS object ID
- 201441349349301909
- Schema version
- 2013v3.0
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2014-05-14T09:01:46-05:00 | ReturnTs |
| Tax Period End | 2013-12-31 | 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 | BusinessNameLine1 |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1861 INTERNATIONAL DRIVE SUITE 400 | AddressLine1 |
| City | MCLEAN | City |
| State | VA | State |
| ZIP Code | 22102 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2013-01-01 | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TERESA S POLLEY | PersonNm |
| Person Title | PRESIDENT AND CEO | PersonTitleTxt |
| Phone | 2038470700 | PhoneNum |
| Signature | 2014-05-14 | 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 | 2013 | TaxYr |
| Build TS | 2015-11-30 17:44:51Z | 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 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $56,339,346 | 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 | 15 | VotingMembersIndependentCnt |
| Total Employee | 184 | TotalEmployeeCnt |
| Total Volunteers | 0 | 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 | $1,125,678 | PYInvestmentIncomeAmt |
| CY Investment Income | $931,040 | CYInvestmentIncomeAmt |
| PY Other Revenue | $51,420,149 | PYOtherRevenueAmt |
| CY Other Revenue | $52,829,425 | CYOtherRevenueAmt |
| PY Total Revenue | $52,545,827 | PYTotalRevenueAmt |
| CY Total Revenue | $53,760,465 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $35,539,041 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $36,611,504 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $9,569,541 | PYOtherExpensesAmt |
| CY Other Expenses | $13,309,263 | CYOtherExpensesAmt |
| PY Total Expenses | $45,108,582 | PYTotalExpensesAmt |
| CY Total Expenses | $49,920,767 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $7,437,245 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $3,839,698 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $91,141,745 | TotalAssetsBOYAmt |
| Total Assets EOY | $99,080,044 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $15,396,364 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $15,275,322 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,745,381 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $83,804,722 | 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 | $32,763,005 | ExpenseAmt |
| Revenue | $41,180,960 | RevenueAmt |
| Desc | FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC)THE FASB IS THE PRIVATE-SECTOR BOARD WITHIN THE FINANCIAL ACCOUNTING FOUNDATION (FAF) RESPONSIBLE FOR SETTING ACCOUNTING STANDARDS FOR NONGOVERNMENTAL ENTITIES IN THE UNITED STATES; THOSE STANDARDS ARE OFTEN REFERRED TO AS U.S. GAAP. THE MISSION OF THE FASB IS TO ESTABLISH AND IMPROVE STANDARDS OF FINANCIAL ACCOUNTING AND REPORTING THAT FOSTER FINANCIAL REPORTING BY NONGOVERNMENTAL ENTITIES THAT PROVIDES DECISION-USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS. THAT MISSION IS ACCOMPLISHED THROUGH A COMPREHENSIVE AND INDEPENDENT PROCESS THAT ENCOURAGES BROAD PARTICIPATION, OBJECTIVELY CONSIDERS ALL STAKEHOLDER VIEWS, AND IS SUBJECT TO OVERSIGHT BY THE FAF'S BOARD OF TRUSTEES. THE FASB BELIEVES THAT BY FAITHFULLY IMPLEMENTING U.S. GAAP, ENTITIES WILL PRODUCE FINANCIAL REPORTS THAT PROVIDE USEFUL INFORMATION TO INVESTORS, CREDITORS, AND OTHER PROVIDERS OF CAPITAL. IN 2013, THE FASB CELEBRATED ITS 40TH YEAR AS THE STEWARD OF U.S. GAAP. IN 2013, THE FASB'S EFFORTS WERE PRIMARILY FOCUSED IN THREE AREAS:IMPROVING U.S. GAAP WHILE FOSTERING THE INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS, PRIMARILY THROUGH JOINT STANDARDS SETTING PROJECTS WITH THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB);IMPROVING AND SIMPLIFYING U.S. ACCOUNTING STANDARDS FOR PRIVATE COMPANIES; REDUCING THE COMPLEXITY OF FINANCIAL REPORTING FOR ALL ENTITIES.IMPROVING U.S. GAAP WHILE FOSTERING CONVERGENCE- -THE FASB AND IASB CONTINUED WORK ON THE REMAINING FOUR JOINT PROJECTS - FINANCIAL INSTRUMENTS, REVENUE RECOGNITION, LEASING, AND INSURANCE CONTRACTS, REACHING SEVERAL KEY PROJECT MILESTONES. -THE FASB ISSUED AN EXPOSURE DRAFT TO SOLICIT FEEDBACK ON A SUBSTANTIALLY CONVERGED APPROACH TO THE CLASSIFICATION AND MEASUREMENT OF FINANCIAL INSTRUMENTS. THE FASB AND IASB RECONSIDERED THAT PROPOSAL THROUGHOUT 2013 IN THE LIGHT OF FEEDBACK RECEIVED. -THE FASB CONTINUED ITS EFFORTS TO IMPROVE AND CONVERGE THE ACCOUNTING FOR THE IMPAIRMENT OF FINANCIAL ASSETS THROUGHOUT 2013, CONSIDERING FEEDBACK RECEIVED ON A LATE 2012 EXPOSURE DRAFT. -THE FASB AND THE IASB ISSUED A REVISED EXPOSURE DRAFT ON THE ACCOUNTING FOR LEASING AND BEGAN TO RECONSIDER THE FEEDBACK RECEIVED THROUGH COMMENT LETTERS AND PUBLIC OUTREACH. -THE FASB ISSUED AN EXPOSURE DRAFT ON THE ACCOUNTING FOR INSURANCE CONTRACTS THAT PROPOSED TO CONVERGE WITH MANY ASPECTS OF AN IASB PROPOSAL. THE FASB IS CURRENTLY DISCUSSING THE FEEDBACK RECEIVED ON THIS PROPOSAL. -THE FASB AND THE IASB SUBSTANTIALLY COMPLETED DISCUSSIONS OF A JOINT STANDARD ON REVENUE RECOGNITION AND BEGAN DRAFTING A CONVERGED STANDARD FOR ISSUANCE IN 2014. THE FASB EXPECTS TO SUBSTANTIALLY CONCLUDE ITS JOINT WORK PROGRAM IN 2014. GOING FORWARD, THE FASB WILL CONTINUE ITS EFFORTS TO FOSTER CONVERGENCE THOUGH OTHER MEANS, IN PARTICULAR, BY ESTABLISHING RELATIONSHIPS WITH OTHER NATIONAL STANDARDS SETTERS AS WELL AS THE IASB. IN 2013, THE FASB BECAME A MEMBER OF THE IASB'S NEWLY FORMED ACCOUNTING STANDARDS ADVISORY FORUM (ASAF), A FORUM WHICH ALLOWS FASB REPRESENTATIVES TO PROVIDE U.S. INPUT INTO THE DEVELOPMENT OF IFRS. IT ALSO GIVES US A VALUABLE OPPORTUNITY TO COLLABORATE WITH OTHER NATIONAL STANDARD SETTERS TO DEVELOP HIGH QUALITY STANDARDS, BOTH AT THE GLOBAL AND NATIONAL LEVEL. IN ADDITION TO THOSE CONVERGENCE-RELATED ACTIVITIES, THE FASB COMPLETED A VARIETY OF PROJECTS TO IMPROVE ASPECTS OF U.S. GAAP, ISSUING 13 FINAL ACCOUNTING STANDARDS UPDATES (ASUS).IMPROVING AND SIMPLIFYING U.S. ACCOUNTING STANDARDS FOR PRIVATE COMPANIES-2013 MARKS THE FIRST FULL YEAR OF OPERATIONS FOR THE PRIVATE COMPANY COUNCIL (PCC), ESTABLISHED TO STRENGTHEN THE PROCESS FOR IDENTIFYING AND CONSIDERING THE NEEDS OF PRIVATE COMPANY USERS OF FINANCIAL STATEMENTS IN THE STANDARDS DEVELOPMENT PROCESS. HIGHLIGHTS FROM 2013 INCLUDE: -THE FASB AND PCC JOINTLY COMPLETED AND ISSUED THE PRIVATE COMPANY DECISION-MAKING FRAMEWORK: A GUIDE FOR EVALUATING FINANCIAL ACCOUNTING AND REPORTING FOR PRIVATE COMPANIES (GUIDE). THE GUIDE IS A TOOL TO HELP THE PCC AND FASB CONSISTENTLY IDENTIFY AND EVALUATE THE NEED FOR EXCEPTIONS OR FINANCIAL ACCOUNTING ALTERNATIVES FOR PRIVATE COMPANIES. -THE PCC ESTABLISHED ITS INITIAL AGENDA, DECIDING TO FOCUS ON THE ACCOUNTING FOR GOODWILL IN A BUSINESS COMBINATION, CONSOLIDATION OF RELATED PARTY VARIABLE INTEREST ENTITIES, AND THE ACCOUNTING FOR PLAIN VANILLA INTEREST RATE SWAPS. THE PCC REACHED CONCLUSIONS ABOUT RECOMMENDED CHANGES IN EACH OF THOSE AREAS; THE FASB ENDORSED THOSE RECOMMENDATIONS AND ISSUED PROPOSALS FOR PUBLIC COMMENT IN MID-2013. THE PCC AND FASB ARE CONSIDERING THAT FEEDBACK. -THE FASB ALSO ISSUED ASU NO. 2013-12, DEFINITION OF A PUBLIC BUSINESS ENTITY: AN ADDITION TO THE MASTER GLOSSARY, TO CLARIFY THE COMPANIES THAT WILL BE ELIGIBLE TO USE EXCEPTIONS OR ALTERNATIVES PROVIDED FOR PRIVATE COMPANIES. -THE FASB DEVELOPED AND ISSUED GUIDANCE CLARIFYING WHICH PRIVATE COMPANIES AND NOT-FOR-PROFIT ORGANIZATIONS WERE ELIGIBLE TO USE A FAIR VALUE DISCLOSURE EXEMPTION REDUCING THE COMPLEXITY OF FINANCIAL REPORTING FOR ALL ENTITIES-IN RESPONSE TO CONCERNS ABOUT REPORTING COMPLEXITY ARISING FROM SO-CALLED "DISCLOSURE OVERLOAD," THE FASB ADDED A PROJECT TO IMPROVE THE EFFECTIVENESS OF DISCLOSURES IN NOTES TO FINANCIAL STATEMENTS. IN 2013, THE FASB SUBSTANTIALLY COMPLETED WORK ON A PROPOSED CONCEPTS STATEMENT-CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING: CHAPTER 8 NOTES TO FINANCIAL STATEMENTS (COMPLETED AND ISSUED FOR COMMENT IN MARCH 2014). THE PROPOSED FRAMEWORK WOULD GUIDE THE FASB IN MAKING DECISIONS ABOUT FUTURE DISCLOSURE REQUIREMENTS. THE FASB ALSO HAS BEEN DEVELOPING A FRAMEWORK TO HELP PREPARERS OF FINANCIAL STATEMENTS MAKE DECISIONS ABOUT WHAT INFORMATION TO INCLUDE IN NOTES TO FINANCIAL STATEMENTS. IN LATE 2013, THE FASB BEGAN TESTING THOSE PROPOSALS WITH SELECTED COMPANIES.THE FASB ALSO INITIATED A RESEARCH EFFORT TO IDENTIFY SPECIFIC PROVISIONS WITHIN U.S. GAAP THAT COULD BE SIMPLIFIED WITHOUT SIGNIFICANTLY IMPACTING THE QUALITY OF REPORTED FINANCIAL INFORMATION. THE FASB EXPECTS TO CONSIDER THE OUTCOME OF THAT RESEARCH IN 2014.OTHER ACTIVITIESTHE FAF, THE FASB AND GASB LAUNCHED IN 2013 UPDATED WEBSITES THAT FEATURE MORE USER-FRIENDLY NAVIGATION AND "PLAIN ENGLISH" ACCOUNTING, FINANCIAL REPORTING AND OTHER RELATED RESOURCES AT WWW.ACCOUNTINGFOUNDATION.ORG, WWW.FASB.ORG AND WWW.GASB.ORG.THE FASB IS RESPONSIBLE FOR THE ONGOING MAINTENANCE OF THE U.S. GAAP FINANCIAL REPORTING TAXONOMY (UGT) WHICH IS A LIST OF COMPUTER-READABLE TAGS IN XBRL, OR EXTENSIBLE BUSINESS REPORTING LANGUAGE, WHICH IS AN XML STANDARD FOR TAGGING BUSINESS AND FINANCIAL REPORTS TO INCREASE THE TRANSPARENCY AND ACCESSIBILITY OF BUSINESS INFORMATION BY USING A UNIFORM FORMAT. IN 2013, THE FASB LAUNCHED XBRL IMPLEMENTATION GUIDES TO PROVIDE PREPARERS WITH ADDITIONAL INSIGHT AND SUPPLEMENTAL GUIDANCE FOR UTILIZING THE UGT AS THEY CREATE THEIR XBRL DOCUMENTS. IN 2013, THE FASB ISSUED AN INVITATION TO COMMENT ON WAYS TO IMPROVE U.S. GAAP FINANCIAL REPORTING TAXONOMY CALCULATION HIERARCHY. THE XBRL STAFF ALSO DEVELOPED AND ISSUED A NUMBER OF NONAUTHORITATIVE XBRL IMPLEMENTATION AND REFERENCE GUIDES FOR SEVERAL TOPICAL AREAS TO HELP PREPARERS UNDERSTAND AND USE THE TAXONOMY. THE FAF ESTABLISHED A FORMAL POST-IMPLEMENTATION REVIEW (PIR) FUNCTION TO FORMALIZE THE PROCESS OF REVIEWING THE EFFECTIVENESS OF SIGNIFICANT STANDARDS THAT HAVE BEEN IN PLACE FOR AT LEAST TWO YEARS. IN 2013, THE PIR TEAM COMPLETED REPORTS ON FASB STATEMENT NO. 141(R), BUSINESS COMBINATIONS AND FASB STATEMENT NO. 109, ACCOUNTING FOR INCOME TAXES. THE PIR TEAM ALSO ISSUED ITS REPORT IN MARCH 2014 ON FASB STATEMENT NO. 157, FAIR VALUE MEASUREMENTS.THE FASAC COMPRISES 35 MEMBERS WHO REPRESENT A BROAD CROSS-SECTION OF THE FASB'S STAKEHOLDERS. 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. FASAC MEETINGS PROVIDE THE FASB WITH AN OPPORTUNITY TO OBTAIN AND DISCUSS THE VIEWS OF A VERY DIVERSE GROUP OF INDIVIDUALS FROM VARIED BUSINESS AND PROFESSIONAL BACKGROUNDS.FASAC MET FOUR TIMES IN 2013 WITH MEMBERS OF THE FASB, PROVIDING INPUT AND ADVICE ON A VARIETY OF BOTH TECHNICAL AND STRATEGIC ISSUES. THE FASAC CHAIRMAN PRESENTED TO THE FASB A VARIETY OF RECOMMENDATIONS FOR IMPROVING THE OPERATIONS AND EFFECTIVENESS OF FASB'S VARIOUS ADVISORY COMMITTEES. THE FASB IMPLEMENTED THOSE RECOMMENDATIONS IN THE FIRST HALF OF 2013. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $7,500,813 | ExpenseAmt |
| Revenue | $9,097,725 | RevenueAmt |
| Desc | GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC)THE GASB IS THE PRIVATE-SECTOR BOARD WITHIN THE FAF RESPONSIBLE FOR SETTING ACCOUNTING AND FINANCIAL REPORTING STANDARDS FOR STATE AND LOCAL GOVERNMENTS. THE GASB ESTABLISHES ACCOUNTING AND REPORTING STANDARDS THAT RESULT IN THE COMMUNICATION OF DECISION-USEFUL INFORMATION AND THAT FACILITATE PUBLIC ACCOUNTABILITY OF GOVERNMENT FINANCIAL OPERATIONS FOR CITIZENS AND OTHER CONSTITUENCIES, SUCH AS LEGISLATIVE AND OVERSIGHT BODIES, AND INVESTORS AND CREDITORS. 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 IN 2013 ISSUED THREE FINAL STATEMENTS. GOVERNMENT COMBINATIONS AS ADDRESSED IN STATEMENT NO. 69, GOVERNMENT COMBINATIONS AND DISPOSALS OF GOVERNMENT OPERATIONS, ARE COMMONLY REFERRED TO AS MERGERS AND ACQUISITIONS. IN ADDITION TO ADDRESSING GOVERNMENT COMBINATIONS THEMSELVES-SUCH AS THE MERGER OF NEIGHBORING SCHOOL DISTRICTS-STATEMENT 69 ALSO ADDRESSES HOW A GOVERNMENT SHOULD ACCOUNT FOR DISPOSALS OF GOVERNMENT OPERATIONS THAT IT HAS TRANSFERRED OR SOLD, SUCH AS A LOCAL SEWER DISTRICT THAT IS SOLD TO BE COMBINED WITH A LARGER, REGIONAL AUTHORITY. STATEMENT NO. 70, ACCOUNTING AND FINANCIAL REPORTING FOR NONEXCHANGE FINANCIAL GUARANTEES, PROVIDES RECOGNITION, MEASUREMENT, AND DISCLOSURE GUIDANCE FOR STATE AND LOCAL GOVERNMENTS THAT EXTEND THESE KINDS OF GUARANTEES. A NONEXCHANGE FINANCIAL GUARANTEE TAKES PLACE WHEN A GOVERNMENT COMMITS TO INDEMNIFY THE HOLDER OF A FINANCIAL OBLIGATION OF ANOTHER GOVERNMENT WHILE GENERALLY RECEIVING LITTLE OR NO COMPENSATION IN RETURN. STATEMENT NO. 71, PENSION TRANSITION FOR CONTRIBUTIONS MADE SUBSEQUENT TO THE MEASUREMENT DATE, ADDRESSES THE TRANSITION PROVISIONS OF STATEMENT NO. 68, ACCOUNTING AND FINANCIAL REPORTING FOR PENSIONS. THE STATEMENT ELIMINATES A POTENTIAL SOURCE OF UNDERSTATEMENT OF BEGINNING NET POSITION AND EXPENSE FOR GOVERNMENTS THAT ARE FIRST IMPLEMENTING STATEMENT 68.THE GASB ISSUED AN EXPOSURE DRAFT, MEASUREMENT OF ELEMENTS OF FINANCIAL STATEMENTS, AND A PRELIMINARY VIEWS, FAIR VALUE MEASUREMENT AND APPLICATION. THE EXPOSURE DRAFT PROPOSED NEW ACCOUNTING CONCEPTS FOR THE MEASUREMENT OF ASSETS AND LIABILITIES AND LED TO THE ISSUANCE OF A FINAL STATEMENT OF GOVERNMENTAL ACCOUNTING CONCEPTS IN EARLY 2014. THE PRELIMINARY VIEWS PROPOSES NEW STANDARDS REGARDING HOW FAIR VALUE SHOULD BE DETERMINED, WHICH INVESTMENTS SHOULD BE MEASURED AT THEIR "FAIR VALUE," AND WHAT NOTE DISCLOSURES SHOULD BE INCLUDED WITH FAIR VALUE MEASUREMENTS. A PRELIMINARY VIEWS DOCUMENT IS DESIGNED TO ELICIT COMMENTS FROM GASB STAKEHOLDERS AT A RELATIVELY EARLY PROJECT STAGE. PENSION OUTREACH ACTIVITIES AND THE RELEASE OF AN IMPLEMENTATION GUIDE ADDRESSING PENSION PLAN REPORTING ISSUES WAS A SIGNIFICANT FOCUS DURING 2013. THE PENSION STANDARDS ISSUED BY THE BOARD IN 2012 PROVIDE SIGNIFICANT INFORMATIONAL BENEFITS IN TERMS OF TRANSPARENCY, CONSISTENCY AND COMPARABILITY, BUT WE REALIZE THAT TO BRING EVERYONE UP TO SPEED ON THE CHANGES THAT HAVE TAKEN PLACE AND WHAT MUST BE DONE AS A RESULT, A WIDE ARRAY OF RESOURCES ALONG WITH EDUCATIONAL AND COMMUNICATION EFFORTS TO SUPPORT THEM WERE NEEDED TO ASSIST OUR STAKEHOLDERS AS THEY MOVED TOWARD IMPLEMENTATION. THE COMPANION PROJECT TO 2012'S PENSION STANDARDS ADDRESSES OTHER POSTEMPLOYMENT BENEFITS (OPEB). THE GASB ENGAGED IN SIGNIFICANT DELIBERATIONS ON OPEB OVER THE COURSE OF 2013 AND IS POISED TO ISSUE AN EXPOSURE DRAFT IN 2014 THAT RESULTS FROM THE REEXAMINATION OF HOW RETIREE HEALTHCARE AND OTHER RETIREE BENEFITS ARE REPORTED. ONCE FINAL OPEB STANDARDS ARE ISSUED, THEY ARE EXPECTED TO PROVIDE THE SIMILAR INFORMATIONAL BENEFITS AS THOSE PROVIDED BY THE RECENT PENSION STANDARDS.JUST BEFORE THE END OF THE YEAR, THE GASB APPROVED AN EXPOSURE DRAFT THAT IS DESIGNED TO UPDATE THE PROCESS THAT GOVERNMENTS USE TO IDENTIFY THE APPROPRIATE ACCOUNTING LITERATURE TO FOLLOW FOR CHANGES IN THE GOVERNMENT FINANCIAL REPORTING ENVIRONMENT. THIS UPDATE ELEVATES THE STATUS OF GUIDANCE PROVIDED THROUGH STAFF IMPLEMENTATION GUIDES. A SECOND COMPANION DOCUMENT EXPOSES THE ELEVATED IMPLEMENTATION GUIDANCE.WHILE THE MAJORITY OF TIME IS DEVOTED TO DEVELOPING ACCOUNTING AND FINANCIAL REPORTING STANDARDS, THE GASB STAFF SPENDS A SIGNIFICANT AMOUNT OF TIME HELPING STAKEHOLDERS UNDERSTAND AND IMPLEMENT STANDARDS BY PROVIDING THEM WITH DIRECT ASSISTANCE ADDRESSING THEIR SPECIFIC FACTS AND CIRCUMSTANCES. DURING THE PAST YEAR, THE GASB RESPONDED TO 1591 TECHNICAL INQUIRIES THAT REQUIRED A SPECIFIC RESPONSE ABOUT THE APPLICATION AND IMPLEMENTATION OF OUR STANDARDS. IN ADDITION, THE GASB BOARD AND STAFF MADE 111 PRESENTATIONS AT CONFERENCES AND STAKEHOLDER EVENTS ACROSS THE COUNTRY AND PUBLISHED EDUCATIONAL MATERIALS DESIGNED TO ENHANCE THE UNDERSTANDABILITY OF GASB STANDARDS, INCLUDING PLAIN LANGUAGE ARTICLES, PODCASTS, A MONTHLY NEWSLETTER, AND A USER-ORIENTED ELECTRONIC NEWSLETTER. IN 2013, THE GASB LAUNCHED A NEW, ONLINE PLATFORM FOR THE GOVERNMENTAL ACCOUNTING RESEARCH SYSTEM(GARS ONLINE). PREVIOUSLY AVAILABLE ONLY ON CD-ROM, GARS ONLINE PROVIDES EFFICIENT, EFFECTIVE, AND EASY ACCESS TO ALL U.S. GAAP AND RELATED LITERATURE FOR STATE AND LOCAL GOVERNMENTS. GARS ONLINE IS MADE AVAILABLE THROUGH FOUR SERVICE PLANS TO ACCOMMODATE THE VARYING NEEDS OF DIFFERENT STAKEHOLDERS. THE GASB ALSO LAUNCHED IN 2013 AN UPDATED WEBSITE THAT FEATURES MORE USER-FRIENDLY NAVIGATION AND "PLAIN ENGLISH" RESOURCES THAT PROVIDE EXTENSIVE BACKGROUND ON ACCOUNTING AND FINANCIAL REPORTING ISSUES FOR STATE AND LOCAL GOVERNMENTS AT WWW.GASB.ORG. THE WEBSITE REDESIGN FOLLOWS THE LAUNCH OF THE FAF AND FASB NEW WEBSITES, BRANDING, AND LOGOS.IN 2013, THE FAF'S PIR TEAM COMPLETED ITS REVIEW OF GASB STATEMENTS NO. 141R, BUSINESS COMBINATIONS AND GASB STATEMENTS NO. 10, ACCOUNTING AND FINANCIAL REPORTING FOR RISK FINANCING AND RELATED INSURANCE ISSUES, TOGETHER WITH NO. 30, RISK FINANCING OMNIBUS, AN AMENDMENT OF GASB STATEMENT NO. 10. THE REPORT CONCLUDED THAT THESE STANDARDS, WHICH WERE ESTABLISHED TO IMPROVE THE CONSISTENCY AND COMPARABILITY IN REPORTING U.S. STATE AND LOCAL GOVERNMENTS' INSURANCE ACTIVITIES, ACHIEVE THEIR PURPOSE. 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. GASAC MEMBERS ALSO PROVIDE AN IMPORTANT COMMUNICATION LINK BETWEEN THE GASB AND STAKEHOLDER GROUPS, AND THEY STRIVE TO ENSURE THAT STAKEHOLDER VIEWS ARE CONSISTENTLY AND EFFECTIVELY COMMUNICATED TO THE GASB ON A TIMELY BASIS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $40,263,818 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | 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 | 87 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 184 | 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 | 15 | 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 | BusinessNameLine1 |
| 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 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionAGrp (31 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| JOHN J BRENNAN | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $65,000 | $0 | $0 | |||
| JEFFREY J DIERMEIER | ||||||||
| TRUSTEE, CHAIRMAN | 10.00 | Yes (X) | $150,000 | $0 | $0 | Yes (X) | ||
| CYNTHIA P EISENHAUER | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $65,000 | $0 | $0 | |||
| DENNIS M KASS | ||||||||
| TRUSTEE | 4.00 | Yes (X) | $65,000 | $0 | $0 | |||
| LUIS M VICEIRA | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $61,667 | $0 | $0 | |||
| EDWARD E NUSBAUM | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $0 | $0 | $0 | |||
| CAROL A JOHN DAVIDSON | ||||||||
| TRUSTEE, VICE CHAIRMAN | 5.00 | Yes (X) | $75,000 | $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 | |||
| ANN MARIE PETACH | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $55,000 | $0 | $0 | |||
| MICHELLE R SEITZ | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $55,000 | $0 | $0 | |||
| W DANIEL EBERSOLE | ||||||||
| TRUSTEE, TREASURER | 3.00 | Yes (X) | $55,000 | $0 | $0 | Yes (X) | ||
| PAUL G CAMELL | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $55,000 | $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 | 3.00 | Yes (X) | $55,000 | $0 | $0 | |||
| TERRY WARFIELD | ||||||||
| TRUSTEE | 3.00 | Yes (X) | $33,279 | $0 | $0 | |||
| TERESA S POLLEY | ||||||||
| PRESIDENT | 40.00 | $656,502 | $0 | $45,827 | Yes (X) | |||
| RONALD P GUERRETTE | ||||||||
| VICE PRESIDENT | 40.00 | $376,567 | $0 | $71,759 | Yes (X) | |||
| JODI P DOTTORI | ||||||||
| VICE PRESIDENT AND CHIEF OF STAFF | 40.00 | $304,455 | $0 | $90,396 | Yes (X) | |||
| JEFFREY W RUBIN | ||||||||
| VICE PRESIDENT AND GENERAL COUNSEL | 40.00 | $280,613 | $0 | $78,708 | Yes (X) | |||
| ROBERT H ATTMORE | ||||||||
| CHAIRMAN, GASB THROUGH 6/30 | 40.00 | $224,723 | $0 | $28,170 | Yes (X) | |||
| LESLIE F SEIDMAN | ||||||||
| CHAIRMAN, FASB THROUGH 6/30 | 40.00 | $492,491 | $0 | $54,731 | Yes (X) | |||
| RUSSELL G GOLDEN | ||||||||
| CHAIRMAN, FASB | 40.00 | $891,134 | $0 | $69,591 | Yes (X) | |||
| DAVID A VAUDT | ||||||||
| CHAIRMAN, GASB | 40.00 | $319,598 | $0 | $55,522 | Yes (X) | |||
| JAMES L KROEKER | ||||||||
| VICE CHAIRMAN, FASB | 40.00 | $347,688 | $0 | $32,689 | Yes (X) | |||
| LAWRENCE W SMITH | ||||||||
| BOARD MEMBER | 40.00 | $855,457 | $0 | $97,825 | Yes (X) | |||
| MARC A SEIGEL | ||||||||
| BOARD MEMBER | 40.00 | $736,219 | $0 | $58,738 | Yes (X) | |||
| THOMAS J LINSMEIER | ||||||||
| BOARD MEMBER | 40.00 | $817,758 | $0 | $104,153 | Yes (X) | |||
| DARYL E BUCK | ||||||||
| BOARD MEMBER | 40.00 | $741,634 | $0 | $63,568 | Yes (X) | |||
| R HAROLD SCHROEDER | ||||||||
| BOARD MEMBER | 40.00 | $751,142 | $0 | $85,712 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $8,760,927 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $937,389 | 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/AddressLine1 | CityContractorAddress/USAddress/City | StateContractorAddress/USAddress/State | ZIP CodeContractorAddress/USAddress/ZIPCode | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MAGNA CONSTRUCTION | |||||
| 30 PAIVE STREET | STAMFORD | CT | 06902 | CONSTRUCTION CONTRACTOR | $1,308,695 |
| DELOITTE & TOUCHE LLP | |||||
| 10 WESTPORT ROAD | WILTON | CT | 06897 | PAYMENTS FOR FELLOWS | $785,948 |
| PRICEWATERHOUSECOOPERS | |||||
| 400 CAMPUS DRIVE | FLORHAM PARK | NJ | 07932 | PAYMENTS FOR FELLOWS | $542,455 |
| ERNST & YOUNG | |||||
| 200 PLAZA DRIVE | SECAUCUS | NJ | 07094 | PAYMENTS FOR FELLOWS | $534,728 |
| K & L GATES | |||||
| 1601 K STREET NW | WASHINGTON | DC | 20006 | CONSULTANT EXTERNAL RELATIONS | $504,794 |
| 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 | $871,447 | TotalRevenueColumnAmt |
| Exclusion | $871,447 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $11,737 | TotalRevenueColumnAmt |
| Exclusion | $11,737 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,126,000 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $2,066,407 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $59,593 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $59,593 | TotalRevenueColumnAmt |
| Exclusion | $59,593 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $853,970 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $512,474 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $341,496 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $341,496 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|---|
| ACCOUNTING SUPPORT FEES | 900099 | $32,917,201 | $32,917,201 | |
| LICENSE FEE AND SUBSCRIPTION REVE | 900099 | $16,997,882 | $16,997,882 | |
| CLASS ACTION SETTLEMENT | 900099 | $2,539,003 | $0 | $2,539,003 |
Miscellaneous Revenue MiscellaneousRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,106 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $22,106 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $52,476,192 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $53,760,465 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $50,278,685 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $3,481,780 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,386,110 | TotalAmt |
| Program Services | $2,516,339 | ProgramServicesAmt |
| Management And General | $2,869,771 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $24,071,455 | TotalAmt |
| Program Services | $21,767,750 | ProgramServicesAmt |
| Management And General | $2,303,705 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,012,801 | TotalAmt |
| Program Services | $2,619,744 | ProgramServicesAmt |
| Management And General | $393,057 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,964,471 | TotalAmt |
| Program Services | $2,261,745 | ProgramServicesAmt |
| Management And General | $702,726 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,176,667 | TotalAmt |
| Program Services | $1,011,799 | ProgramServicesAmt |
| Management And General | $164,868 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,199,853 | TotalAmt |
| Program Services | $711,625 | ProgramServicesAmt |
| Management And General | $488,228 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,479 | TotalAmt |
| Program Services | $3,110 | ProgramServicesAmt |
| Management And General | $55,369 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $199,060 | TotalAmt |
| Management And General | $199,060 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $481,392 | TotalAmt |
| Program Services | $481,392 | ProgramServicesAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,165 | TotalAmt |
| Management And General | $2,165 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $439,015 | TotalAmt |
| Program Services | $111,492 | ProgramServicesAmt |
| Management And General | $327,523 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $796,822 | TotalAmt |
| Program Services | $361,129 | ProgramServicesAmt |
| Management And General | $435,693 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,078,190 | TotalAmt |
| Program Services | $1,344,932 | ProgramServicesAmt |
| Management And General | $733,258 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $669,149 | TotalAmt |
| Program Services | $623,713 | ProgramServicesAmt |
| Management And General | $45,436 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $663,228 | TotalAmt |
| Program Services | $394,968 | ProgramServicesAmt |
| Management And General | $268,260 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $800,026 | TotalAmt |
| Program Services | $651,840 | ProgramServicesAmt |
| Management And General | $148,186 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $200,852 | TotalAmt |
| Management And General | $200,852 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| COST OF LICENSE FEE AND | $3,919,907 | $3,919,907 | |
| PLACEMENT & RECRUITING | $691,951 | $652,397 | $39,554 |
| SUBSCRIPTION & LIBRARY | $339,574 | $326,994 | $12,580 |
| BILLING AND COLLECTION | $239,400 | $239,400 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $530,200 | TotalAmt |
| Program Services | $263,542 | ProgramServicesAmt |
| Management And General | $266,658 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $49,920,767 | TotalAmt |
| Program Services | $40,263,818 | ProgramServicesAmt |
| Management And General | $9,656,949 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,733,321 | BOYAmt |
| EOY | $3,804,937 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,682,643 | BOYAmt |
| EOY | $10,303,207 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,298,449 | BOYAmt |
| EOY | $5,336,755 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,409 | BOYAmt |
| EOY | $78,660 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $264,026 | BOYAmt |
| EOY | $314,865 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $12,772,435 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $10,054,405 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,025,530 | BOYAmt |
| EOY | $2,718,030 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,715,325 | BOYAmt |
| EOY | $72,139,972 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,321,042 | BOYAmt |
| EOY | $2,390,366 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $1,993,252 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,141,745 | BOYAmt |
| EOY | $99,080,044 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $845,897 | BOYAmt |
| EOY | $655,418 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,436,934 | BOYAmt |
| EOY | $6,518,106 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,113,533 | BOYAmt |
| EOY | $8,101,798 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,396,364 | BOYAmt |
| EOY | $15,275,322 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,745,381 | BOYAmt |
| EOY | $83,804,722 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,745,381 | BOYAmt |
| EOY | $83,804,722 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,141,745 | BOYAmt |
| EOY | $99,080,044 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $3,839,698 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$577,930 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $4,797,573 | 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 | $30,079,783 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,286,613 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,225,803 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,220,788 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,917,201 | CurrentTaxYearAmt |
| Total | $167,730,188 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,079,783 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $35,286,613 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $31,225,803 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $38,220,788 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,917,201 | CurrentTaxYearAmt |
| Total | $167,730,188 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $167,730,188 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,448,199 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $1,286,945 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,212,046 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,060,769 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $953,145 | CurrentTaxYearAmt |
| Total | $5,961,104 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $2,539,003 | CurrentTaxYearAmt |
| Total | $2,539,003 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $176,230,295 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $86,614,462 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.95180 | PublicSupportCY170Pct |
| Public Support PY170 | 0.95660 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
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 | $726,800 | FilingOrganizationsTotalAmt |
Total Lobbying Expend TotalLobbyingExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $726,800 | FilingOrganizationsTotalAmt |
Other Exempt Purpose Expend OtherExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $45,274,060 | FilingOrganizationsTotalAmt |
Total Exempt Purpose Expend TotalExemptPurposeExpendGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Total | $46,000,860 | 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 | $640,000 | CurrentYearMinus3Amt |
| Current Year Minus2 | $620,000 | CurrentYearMinus2Amt |
| Current Year Minus1 | $740,000 | CurrentYearMinus1Amt |
| Current Year | $726,800 | CurrentYearAmt |
| Total | $2,726,800 | 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 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. DURING 2013, WE ENGAGED IN LOBBYING EFFORTS WITH RESPECT TO LEGISLATION (I) IMPLEMENTATION OF P.L. 111-203, WALL STREET REFORM AND CONSUMER PROTECTION ACT AND (II) SEQUESTRATION, INCLUDING THE BUDGET CONTROL ACT. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $5,129,644 | OtherCostOrOtherBasisAmt |
| Depreciation | $3,702,334 | DepreciationAmt |
| Book Value | $1,427,310 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $7,642,791 | OtherCostOrOtherBasisAmt |
| Depreciation | $6,352,071 | DepreciationAmt |
| Book Value | $1,290,720 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Book Value | $0 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,718,030 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| ACCRUED PAYROLL AND RELATED BENEFITS | $1,134,789 |
| ACCRUED RENT EXPENSE | $2,728,666 |
| ACCRUED PENSION COSTS | $3,705,639 |
| ACCRUED 457B PLAN COSTS | $532,704 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $8,101,798 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $49,370,463 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$577,930 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $110,000 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$467,930 | RevenueNotReportedAmt |
| Revenue Subtotal | $49,838,393 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $2,165 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $3,919,907 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $3,922,072 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $53,760,465 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $46,108,695 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $110,000 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $110,000 | ExpensesNotReportedAmt |
| Expenses Subtotal | $45,998,695 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $2,165 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $3,919,907 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $3,922,072 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $49,920,767 | 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, 2010 THROUGH 2012. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | COST OF SUBSCRIPTION AND LICENSE FEE REVENUE 3,919,907. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF SUBSCRIPTION AND LICENSE FEE REVENUE 3,919,907. |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (3 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) - | 0 | 0 | PROGRAM SERVICES | ATTEND MEETINGS AND ROUNDTABLES WITH INTERNATIONAL ACCOUNTING STANDARDS BOARD ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS | $271,504 |
| EAST ASIA AND THE PACIFIC - | 0 | 0 | PROGRAM SERVICES | ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL ACCOUNTING STANDARDS | $33,757 |
| SOUTH AMERICA | 0 | 0 | PROGRAM SERVICES | ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL ACCOUNTING STANDARDS | $21,053 |
| 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 | $326,314 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $326,314 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
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 | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (14 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 | $498,800 | $0 | $50,000 | $0 | $107,702 | $0 | $40,747 | $0 | $5,080 | $0 | $702,329 | $0 | $0 | $0 |
| RONALD P GUERRETTE | ||||||||||||||
| VICE PRESIDENT | $309,381 | $0 | $17,500 | $0 | $49,686 | $0 | $47,651 | $0 | $24,108 | $0 | $448,326 | $0 | $0 | $0 |
| JODI P DOTTORI | ||||||||||||||
| VICE PRESIDENT AND CHIEF OF STAFF | $265,127 | $0 | $33,000 | $0 | $6,328 | $0 | $55,101 | $0 | $35,295 | $0 | $394,851 | $0 | $0 | $0 |
| JEFFREY W RUBIN | ||||||||||||||
| VICE PRESIDENT AND GENERAL COUNSEL | $256,534 | $0 | $18,000 | $0 | $6,079 | $0 | $48,512 | $0 | $30,196 | $0 | $359,321 | $0 | $0 | $0 |
| ROBERT H ATTMORE | ||||||||||||||
| CHAIRMAN, GASB THROUGH 6/30 | $194,766 | $0 | $0 | $0 | $29,957 | $0 | $25,066 | $0 | $3,104 | $0 | $252,893 | $0 | $0 | $0 |
| LESLIE F SEIDMAN | ||||||||||||||
| CHAIRMAN, FASB THROUGH 6/30 | $422,738 | $0 | $0 | $0 | $69,753 | $0 | $36,390 | $0 | $18,341 | $0 | $547,222 | $0 | $0 | $0 |
| RUSSELL G GOLDEN | ||||||||||||||
| CHAIRMAN, FASB | $756,459 | $0 | $0 | $0 | $134,675 | $0 | $35,592 | $0 | $33,999 | $0 | $960,725 | $0 | $0 | $0 |
| DAVID A VAUDT | ||||||||||||||
| CHAIRMAN, GASB | $269,705 | $0 | $0 | $0 | $49,893 | $0 | $47,148 | $0 | $8,374 | $0 | $375,120 | $0 | $0 | $0 |
| JAMES L KROEKER | ||||||||||||||
| VICE CHAIRMAN, FASB | $253,928 | $0 | $0 | $0 | $93,760 | $0 | $24,347 | $0 | $8,342 | $0 | $380,377 | $0 | $0 | $0 |
| LAWRENCE W SMITH | ||||||||||||||
| BOARD MEMBER | $667,527 | $0 | $0 | $0 | $187,930 | $0 | $63,434 | $0 | $34,391 | $0 | $953,282 | $0 | $0 | $0 |
| MARC A SEIGEL | ||||||||||||||
| BOARD MEMBER | $667,527 | $0 | $0 | $0 | $68,692 | $0 | $24,347 | $0 | $34,391 | $0 | $794,957 | $0 | $0 | $0 |
| THOMAS J LINSMEIER | ||||||||||||||
| BOARD MEMBER | $667,786 | $0 | $0 | $0 | $149,972 | $0 | $70,791 | $0 | $33,362 | $0 | $921,911 | $0 | $0 | $0 |
| DARYL E BUCK | ||||||||||||||
| BOARD MEMBER | $667,536 | $0 | $0 | $0 | $74,098 | $0 | $36,631 | $0 | $26,937 | $0 | $805,202 | $0 | $0 | $0 |
| R HAROLD SCHROEDER | ||||||||||||||
| BOARD MEMBER | $665,228 | $0 | $0 | $0 | $85,914 | $0 | $49,018 | $0 | $36,694 | $0 | $836,854 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 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 WILL OCCUR IN EARLY 2015, AFTER A MANDATORY DEFERRAL PERIOD. 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 2013 AND RECEIVED AND/OR WERE DEEMED TO HAVE RECEIVED THE FOLLOWING AMOUNTS: TERESA POLLEY - $103,840 RONALD GUERRETTE- $39,948 LAWRENCE SMITH- $178,985 LESLIE SEIDMAN- $67,822 THOMAS LINSMEIER- $144,346 ROBERT ATTMORE- $23,764 DAVID VAUDT- $2,402 RUSSELL GOLDEN- $132,415 DARYL BUCK- $70,236 HAROLD SCHROEDER - $79,772 JODI DOTTORI- $4,592 JEFFREY RUBIN- $1,279 |
Schedule L IRS990ScheduleL
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| ERNST YOUNG | |||
| STEPHEN HOWE IS AMERICAS MANAGING PARTNER-ERNST & YOUNG,LLP/TRUSTEE OF FAF | $2,039,856 | THERE ARE SEVERAL TRANSACTIONS BETWEEN ERNST & YOUNG AND THE FOUNDATION. THE FOUNDATION LICENSES SUBSCRIPTION SERVICES TO ITS AUTHORITATIVE LITERATURE TO ERNST & YOUNG FOR ITS INTERNAL USE AS WELL AS SUBLICENSING AND ARE SUBSTANTIALLY SIMILAR TO THOSE FEES CHARGED TO SIMILARLY SIZED LICENSEES. IN ADDITION, ERNST & YOUNG PURCHASES HARDCOPY PUBLICATIONS AND SUBSCRIPTIONS OF THE AUTHORITATIVE LITERATURE. THESE TRANSACTIONS ARE AT ARMS-LENGTH, AND BASED UPON THE FOUNDATION'S STATUS AS THE AUTHORITATIVE STANDARD SETTER FOR ACCOUNTING, ARE A NECESSITY. IN ADDITION, SEVERAL MEMBERS OF ERNST & YOUNG PARTICIPATED IN THE FAF'S FELLOWSHIP PROGRAM. THESE INDIVIDUALS WORK AT THE FASB & GASB FOR PERIODS RANGING FROM 18-24 MONTHS, AND FAF REIMBURSES ERNST & YOUNG AN AGREED UPON FEE FOR THEIR SERVICES. STEPHEN HOWE HAS NO DIRECT INVOLVEMENT IN NEGOTIATING THE TERMS OR AMOUNTS IN THE AGREEMENTS AND RECEIVES NO BENEFIT FROM THE TRANSACTIONS. | 0 |
| GRANT THORNTON LLP | |||
| EDWARD NUSBAUM IS CEO OF GRANT THORNTON/TRUSTEE OF FAF | $255,211 | THERE ARE SEVERAL TRANSACTIONS BETWEEN GRANT THORNTON AND THE FOUNDATION. GRANT THORNTON PURCHASES HARDCOPY PUBLICATIONS AND SUBSCRIPTIONS OF THE AUTHORITATIVE LITERATURE. THESE TRANSACTIONS ARE AT ARMS-LENGTH, AND BASED UPON THE FOUNDATION'S STATUS AS THE AUTHORITATIVE STANDARD SETTER FOR ACCOUNTING, ARE A NECESSITY. IN ADDITION, SEVERAL MEMBERS OF GRANT THORNTON PARTICIPATED IN THE FAF'S FELLOWSHIP PROGRAM. THESE INDIVIDUALS WORK AT THE FASB & GASB FOR PERIODS RANGING FROM 18-24 MONTHS, AND FAF REIMBURSES GRANT THORNTON AN AGREED UPON FEE FOR THEIR SERVICES. EDWARD NUSBAUM HAS NO DIRECT INVOLVEMENT IN NEGOTIATING THE TERMS OR AMOUNTS IN THE AGREEMENTS AND RECEIVES NO BENEFIT FROM THE TRANSACTIONS. | 0 |
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 TRUSTEE PRIOR TO IT BEING FILED. |
| FORM 990, PART VI, SECTION B, LINE 12C | THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS THE FASB AND GASB BOARD MEMBERS, THE FAF PRESIDENT & CEO, AND ALL OTHER EMPLOYEES OF THE FAF. ON A QUARTERLY BASIS THESE INDIVIDUALS ARE REQUIRED TO REPORT THEIR INTERESTS THAT WOULD POSE A CONFLICT TO THE FOUNDATION. FAILURE TO ADHERE TO THE POLICY CAN INCLUDE TERMINATION. THE FAF ALSO MAINTAINS AN OMBUDS POLICY APPLICABLE TO ALL FAF EMPLOYEES AND THE MEMBERS OF THE FAF BOARD OF TRUSTEES. UNDER THE OMBUDS POLICY, EACH EMPLOYEE AND TRUSTEE HAS AN AFFIRMATIVE DUTY TO REPORT PROMPTLY VIOLATIONS OF LAWS AND UNETHICAL (INCLUDING CONFLICTS OF INTEREST), UNWANTED AND/OR QUESTIONABLE BEHAVIOR. THE OMBUDS POLICY PROVIDES SPECIFIC PROTECTIONS FROM EMPLOYMENT RETALIATION TO INDIVIDUALS WHO, IN GOOD FAITH, REPORT POTENTIAL VIOLATIONS OF THE OMBUDS AND OTHER POLICIES OF THE FAF. THE FAF IS ALSO IN THE PROCESS OF DEVELOPING A STAND-ALONE CODE OF ETHICS/CONFLICTS POLICY THAT WILL BE APPLICABLE TO THE FAF TRUSTEES. |
| 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, FASB CHAIRMAN AND GASB CHAIRMAN, AND CERTAIN OTHER FAF EMPLOYEES, INCLUDING 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, WHICH IS COMPRISED OF INDEPENDENT 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 SHALL DETERMINE THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FASB AND GASB MEMBERS, WHILE THE EXECUTIVE COMMITTEE SHALL DETERMINE THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER. THESE COMPENSATION RECOMMENDATIONS WILL THEN BE 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 2011. 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. 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 2010 FOR IMPLEMENTATION IN 2011. A COMPREHENSIVE REVIEW IS CURRENTLY IN-PROCESS, WITH AN IMPLEMENTATION OF REVISED FAF STAFF SALARY RANGES SCHEDULED FOR MID-2014. |
| 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 4,797,573. |
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