2013-07-08T11:10:05-05:00 2012-08-31 410746749 CLIFTONLARSONALLEN LLP 1301 W 22ND ST STE 1100 OAK BROOK IL 60523 990 2011-09-01 136163137 ASSOCIATION FOR CORPORATE GROWTH ASSO 3129574280 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 JOHN O'LOUGHLIN 3129574280 2013-07-01 1 GREGORY S ADAMS P00095597 6305738600 2011 2016-02-24 21:20:13Z X JOHN O'LOUGHLIN 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 6224856 0 X WWW.ACG.ORG X 1954 IL TO PROMOTE THE PROFESSIONAL AND BUSINESS INTERESTS OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION. 27 27 13 135 246836 142935 0 1912803 6320022 4310635 48514 37634 17018 -36216 6385554 6224856 0 0 0 0 1708709 1977927 0 0 0 4185000 4293961 5893709 6271888 491845 -47032 5591927 6429079 1863285 2747727 3728642 3681352 X TO PROMOTE THE PROFESSIONAL AND BUSINESS INTERESTS OF THE ASSOCIATION FOR CORPORATE GROWTH MEMBERS BY PROVIDING ACCESS TO KNOWLEDGE AND BUSINESS OPPORTUNITIES THROUGH NETWORKING, COMMUNICATIONS AND FORUMS RELATED TO BOTH INTERNAL AND EXTERNAL CORPORATE GROWTH. EFFECTIVELY SUPPORT LOCAL CHAPTERS IN ACHIEVING THEIR MEMBERSHIP, NETWORKING AND PROGRAMMING GOALS AND STRENGTHEN THE PERCEIVED VALUE PROVIDED BY THE ASSOCIATION. 0 0 ANNUAL ACG INTERGROWTH CONFERENCETHE ANNUAL ACG CONFERENCE IN GRAPEVINE, TX WAS HELD OVER THREE DAYS IN APRIL 2012 AND WAS ATTENDED BY APPROXIMATELY 2,000 PEOPLE. IT ALLOWS MEMBERS AND NON-MEMBERS TO ATTEND EDUCATION SESSIONS, EXCHANGE IDEAS, LEARN ABOUT CURRENT TRENDS IN THE INDUSTRY AND NETWORK. MEMBERSHIPMEMBERS OF THE ASSOCIATION FOR CORPORATE GROWTH HAVE ACCESS TO A VARIETY OF TOOLS TO ENHANCE THEIR PROFESSIONAL DEVELOPMENT, KNOWLEDGE BASEAND NETWORKING. THESE INCLUDE:- MEMBER RATES TO ATTEND THE ANNUAL INTERGROWTH CONFERENCE- LOCAL CHAPTER PROGRAMS- RECEIVE THE MONTHLY MEMBER MAGAZINE "MERGERS & ACQUISITIONS" PUBLICATIONS- SUBSCRIPTION TO ACG'S MONTHLY E-NEWSLETTERS- ACCESS TO ACG JOBSOURCE- INDUSTRY WHITE PAPERS- ACCESS TO ONLINE MEMBER DIRECTORY ACG CAPITALLINKA MEMBERS-ONLY SERVICE THAT PROVIDES ESSENTIAL DATA ON DEALS, PRIVATE EQUITY FIRMS AND PROFESSIONALS, LENDORS, INTERMEDIARIES AND SERVICEPROVIDERS. THE DATABASE INCLUDES:MORE THAN 6,710 INVESTORS AND THEIR CONTACT INFORMATION148,330 PRIVATE EQUITY PROFESSIONALS28,340 PRIVATE EQUITY BACKED PORTFOLIO COMPANIES2,940 INVESTMENT BANK ADVISORS460 LENDERS/BANKS1,800 LAW FIRMS SPECIALIZING IN MERGERS AND ACQUISITIONS CHAPTERSFIFTY-EIGHT CHAPTERS SERVE THE 14,500 MEMBERS OF ACG WORLDWIDE. CHAPTERS PROVIDE LOCAL BREAKFAST MEETINGS, LUNCHES, CONFERENCES, AND SPECIAL EVENTS THAT ENABLE NETWORKING AND EDUCATION CHINA PRIVATE EQUITY CONFERENCETHE ASSOCIATION FOR CORPORATE GROWTH CO-SPONSORS THE CHINA INTERNATIONAL PRIVATE EQUITY FORUM ('CIPEF") HELD IN JUNE EACH YEAR IN TIANJIN, CHINA. THE CONFERENCE PRESENTS AN OPPORTUNITY TO LEARN ABOUT INVESTING IN CHINA AND NETWORK DIRECTLY WITH THOUSANDS OF CHINESE COMPANIESSEEKING FOREIGN INVESTMENT. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 1 X 21 0 13 1 1 1 1 CA CH HK UK 0 0 0 0 X 27 27 0 0 0 0 0 1 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X X X JOHN O'LOUGHLIN 3129574280 125 S WACKER DRIVE SUITE 3100 CHICAGO IL 60606 ROBERT I BURNS JR 1.00 X 0 0 0 W BRAUN JONES III 1.00 X 0 0 0 BRIAN K MOLL 1.00 X 0 0 0 JOEL ROSENTHAL 1.00 X 0 0 0 JOHN B DOLLISON 1.00 X 0 0 0 SPENCER BROWN 1.00 X 0 0 0 VANESSA BROWN CLAIBORNE 1.00 X 0 0 0 MICHAEL CARR 7.00 X 0 0 0 ERIK DYKEMA 1.00 X 0 0 0 ED FISHER 1.00 X 0 0 0 RANDY SCHWIMMER 1.00 X 0 0 0 DOUG TATUM 1.00 X 0 0 0 LES ALEXANDER 3.00 X 0 0 0 KEN BERRYMAN 1.00 X 0 0 0 PATTI GILLENWATER 1.00 X 0 0 0 PAM HENDRICKSON 1.00 X 0 0 0 PENNY LARSEN 3.00 X 0 0 0 RICHARD JAFFE 1.00 X 0 0 0 JOHN KERSCHEN 1.00 X 0 0 0 FRANK MACK 1.00 X 0 0 0 JAMES MARRA 1.00 X 0 0 0 CORY MIMS 1.00 X 0 0 0 CHUCK MORTON 7.00 X 0 0 0 STEPHEN PROSTOR 1.00 X 0 0 0 ANDREW RICE 7.00 X 0 0 0 ASHLEY ROUNTREE 1.00 X 0 0 0 THOMAS TULLIDGE 1.00 X 0 0 0 GARY LABRANCHE 40.00 X 396382 0 33845 JOHN O'LOUGHLIN 40.00 X 188185 0 16514 LESLIE WHITTET 40.00 X 160486 0 15099 745053 0 65458 5 0 1 0 SMITHBUCKLIN CORPORATION 330 N WABASH AVE CHICAGO IL 60611 FINANCIAL SERVICES 740312 THE TOKARZ GROUP ADVISERS 71 S WACKER DRIVE SUITE 2760 CHICAGO IL 60606 LANDLORD 177714 AMERICANEAGLECOM INC 2600 SOUTH RIVER ROAD DES PLAINES IL 60018 WEB SITE DEVELOPER 154240 FREEMAN AUDIO VISUAL SOLUTIONS 4545 W DAVIS ST DALLAS TX 75211 CONFERENCE AUDIO/VISUAL 152834 LEADING AUTHORITIES INC 401 N MICHIGAN AVE SUITE 1200 CHICAGO IL 60611 SPEAKER BUREAU 148862 5 1912803 1912803 ANNUAL CONFERENCE 541900 3814118 2832226 8250 973642 PUBLICATIONS/ADVERTISI 541800 231833 231833 GLOBAL SPONSORSHIP 541900 213017 213017 PRIVATE CAPITAL LEADER 541900 51667 51667 4310635 37634 37634 MISCELLANEOUS INCOME 900099 38442 31689 6753 EQUITY IN SUBSIDIARY 900099 -74658 -74658 -36216 6224856 2789257 246836 1275960 1751121 226806 496373 102412 41322 170471 47844 135225 60049 176032 520678 1828394 25000 118057 56459 BANK AND CREDIT CARD FE 207326 PAYROLL FEES 170421 DUES AND SUBSCRIPTIONS 56740 TAXES 42796 38362 6271888 1321999 1477919 7565 4018 95926 145133 247464 172371 1245717 402762 164827 842955 3672697 3639781 81449 146902 5591927 6429079 438629 602872 1084141 1493678 340515 651177 1863285 2747727 X 3728642 3681352 3728642 3681352 5591927 6429079 X -47032 -258 X X 0 1 1 X 0 566483 566483 679234 402762 276472 842955 -108096 C CERTIFICATES OF DEPOSIT 3747877 F 3639781 INCOME TAXES PAYABLE 6634 DUE TO CHAPTERS 644543 651177 6224856 6271888 -47032 -258 -258 -47290 6224598 -258 -258 6224856 0 6224856 6271888 0 6271888 0 6271888 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS SUBJECT TO INCOME TAXES ON ITS UNRELATED BUSINESS INCOME. THE ASSOCIATIONS INCOME TAX EXPENSE WAS $52,573 AND $1,429 FOR THE YEARS ENDED AUGUST 31, 2012 AND 2011, RESPECTIVELY. THE ASSOCIATION HAS ADOPTED THE REQUIREMENTS FOR ACCOUNTING FOR UNCERTAIN TAX POSITIONS. THE ASSOCIATION DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED AUGUST 31, 2012. THE FEDERAL AND STATE TAX RETURNS OF THE ASSOCIATION FOR 2008, 2009, AND 2010 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE (IRS) AND STATE TAXING AUTHORITIES, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. EAST ASIA AND PACIFIC 0 0 PROGRAM SERVICES CHAPTER OPERATIONS 10164 EUROPE 0 0 PROGRAM SERVICES MEETINGS 43074 SOUTH ASIA 0 0 PROGRAM SERVICES MEETINGS 3056 0 0 0 0 0 0 56294 0 56294 0 0 1 0 0 0 X 1 1 X X X X X 0 1 0 GARY LABRANCHE 333579 0 62803 0 0 0 0 0 33845 0 430227 0 0 0 JOHN O'LOUGHLIN 166185 0 22000 0 0 0 0 0 16514 0 204699 0 0 0 LESLIE WHITTET 142986 0 17500 0 0 0 0 0 15099 0 175585 0 0 0 BRADLEY HUGHES FORMER ACG COO 155203 ACG'S OFFICES 0 ACG'S OFFICE WAS LOCATED AT 71 S. WACKER, SUITE 2760, CHICAGO, IL 60606. THE LANDLORD FROM WHOM ACG SUBLEASED ITS OFFICE SPACE AND FURNITURE IS CALLED TOKARZ GROUP ADVISERS, LLC ("TOKARZ"). WARREN HOLTSBERG IS THE CO-HEAD PORTFOLIO MANAGER OF TOKARZ AND IS THE BROTHER IN LAW OF BRADLEY HUGHES. JAMES O'CONNOR IS A MANAGING DIRECTOR OF TOKARZ AND IS THE SON IN LAW OF BRADLEY HUGHES. THE SUBLEASE BEGAN ON APRIL 15, 2009 AND ENDED ON AUGUST 31, 2012. ACG MADE PAYMENTS IN THE SUM OF $155,203, DURING THE TAX YEAR FOR OFFICE SPACE AND FURNITURE RENTAL. FORM 990, PART VI, SECTION A, LINE 7A THE ACG BOARD OF DIRECTORS ARE ELECTED ANNUALLY BY THE INCUMBENT BOARD OF DIRECTORS AT ANNUAL MEETING. PER ARTICLE V, SECTION 7 (A) OF THE BYLAWS: "THE ANNUAL MEETING OF THE BOARD OF DIRECTORS SHALL, UNLESS OTHERWISE DETERMINED BY THE BOARD, BE THE FIRST MEETING OF THE CALENDAR YEAR. AT THAT MEETING, THE BOARD OF DIRECTORS SHALL ELECT OFFICERS AND DIRECTORS FOR THE FISCAL YEAR BEGINNING SEPTEMBER 1 OF THAT CALENDAR YEAR AND CONDUCT SUCH OTHER BUSINESS AS THE BOARD DETERMINES APPROPRIATE". FORM 990, PART VI, SECTION B, LINE 11 FIRST, THE DRAFT FORM 990 IS REVIEWED INITIALLY BY THE FINANCE COMMITTEE AFTER HAVING BEEN PREPARED BY ACG TAX CONSULTANTS AND THE CFO. THEN THE DRAFT FORM 990 IS MADE AVAILABLE TO ALL BOARD DIRECTORS FOR A REVIEW PERIOD OF SEVEN (7) CALENDAR DAYS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ASSOCATION MAINTAINS A CONFLICT OF INTEREST POLICY, WHICH WAS ADOPTED ON FEBRUARY 23, 2010. EACH DIRECTOR, OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATE POWERS, KEY EMPLOYEE OR MATERIAL VENDOR IS REQUIRED ANNUALLY TO AFFIRM THEIR UNDERSTANDING AND AGREEMENT TO COMPLY WITH THE STATED POLICY. EACH DIRECTOR, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, KEY EMPLOYEE OR MATERIAL VENDOR SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OR INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; AND D) UNDERSTANDS THAT THE ASSOCIATION IS A NOT-FOR-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE CEO, CFO AND ALL KEY EMPLOYEES IS REVIEWED ANNUALLY IN SEPTEMBER BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT. A REVIEW OF SIMILAR SIZE ORGANIZATIONS' FORM 990S AND INDEPENDENT NOT-FOR-PROFIT COMPENSATION STUDIES WAS PREPARED AND CONSIDERED BY THE COMPENSATION COMMITTEE BEFORE SETTING ANNUAL COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES AVAILABLE ON ITS WEBSITE TO THE PUBLIC (I) THE LATEST AUDIT REPORT SIGNED BY INDEPENDENT ACCOUNTANTS, (II) THE MOST RECENT FORM 990, (III) THE ASSOCIATION'S CURRENT BYLAWS, (IV) THE CONFLICTS OF INTEREST POLICY, (V) WHISTLEBLOWER POLICY, (VI) RECORD RETENTION AND DESTRUCTION POLICY, AND (VII) THE ASSOCIATION'S PRIVACY POLICY. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -258. FORM 990, PART XII, LINE 2C ACG HAS AN AUDIT COMMITTEE GOVERNED BY THE AUDIT COMMITTEE CHARTER. THE AUDIT COMMITTEE IS RESPONSIBLE FOR THE OVERSIGHT OF THE ANNUAL AUDIT AND THE SELECTION OF ACG'S INDEPENDENT ACCOUNTANTS/AUDITOR. ACG CHINA LTD LEVEL 28 3 PACIFIC PL 1 QUEENS RO HONG KONG CH HOLDING CO. CH ASSOCIATION FOR CORPORATE GROWTH C -5057 55202 1.00000 ACG GLOBAL (EUROPE) LTD QUANTUM HOUSE 59-61 GUILDFORD ST CHERTSEY SURREY UK KT16 9AX CHAPTER UK ASSOCIATION FOR CORPORATE GROWTH C -69601 40990 1.00000 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ACG CHINA LTD D 59801 ACG GLOBAL (EUROPE) LTD D 87101