2013-11-15T11:43:41-06:00 2012-12-31 990 2012-01-01 391034021 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTE 2627866700 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 MICHAEL WILSON 2627866700 2013-11-15 2012 2016-03-07 17:11:31Z MICHAEL WILSON 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 32175592 0 X WWW.IFEBP.ORG X 1954 WI EDUCATIONAL SOURCE FOR EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY. 44 44 146 183 381029 116728 0 0 25164308 26211134 658396 499363 1085911 1236876 26908615 27947373 0 0 0 0 10639940 11132238 0 0 0 15824126 16678543 26464066 27810781 444549 136592 30356023 30965054 23886400 23766513 6469623 7198541 X THE INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS IS A NONPROFIT ORGANIZATION, DEDICATED TO BEING A LEADING OBJECTIVE AND INDEPENDENT GLOBAL SOURCE OF EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY EDUCATION AND INFORMATION. 0 0 8092672 16751314 EDUCATIONAL PROGRAMS, SERVICES AND CONFERENCES RELATED TO EMPLOYEE BENEFIT PLANS. 4132509 4449280 EDUCATION AND CERTIFICATION PROGRAMS RELATED TO THE CERTIFIED EMPLOYEE BENEFITS SPECIALIST DESIGNATION. 3048152 381029 BUSINESS DEVELOPMENT INCLUDES: SALES, PARTNERSHIPS, ADVERTISING, PUBLIC RELATIONS, AND MARKETING RELATING TO EMPLOYEE BENEFITS, FINANCIAL LITERACY, AND RETIREMENT SECURITY. 2786920 5866387 OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING:- PRODUCTION OF PUBLICATIONS, INFORMATION SERVICES AND RESEARCH FOR EMPLOYEE BENEFIT PLANS.- DEVELOPMENT, PRODUCTION, AND SUPPORT OF E-LEARNING EDUCATIONAL COURSES.- PROMOTION, MARKETING, AND SALES OF PROGRAMS. 2786920 5866387 18060253 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 190 0 1 146 1 1 1 1 CA 0 0 0 0 0 0 0 0 X 44 44 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X AL HAMWRIGHT 2627866700 18700 W BLUEMOUND RD BROOKFIELD WI 530080069 RICHARD LYALL 13.00 X X 0 0 0 GEORGE R LAUFENBERG CEBS 9.00 X X 0 0 0 KENNETH R BOYD 3.00 X X 0 0 0 THOMAS T HOLSMAN 3.00 X X 0 0 0 JOHN J SIMMONS 3.00 X 5915 0 0 SIMONE ROCKSTROH 1.00 X 0 0 0 CINDY L CONWAY 3.00 X 0 0 0 J SPARB COLLINS 3.00 X 5952 0 0 DAVID N HARVEY 3.00 X 0 0 0 JOHN D ABRAHAM 1.00 X 0 0 0 ROBERT ALVARADO 1.00 X 0 0 0 JORDAN BACKMAN 1.00 X 0 0 0 RODERICK S BASHIR 1.00 X 4692 0 0 MICHAEL CAPELLI 1.00 X 0 0 0 BART O CARRIGAN 1.00 X 0 0 0 TINA COREA 1.00 X 0 0 0 DONALD D CROSATTO 1.00 X 748 0 0 JEF L EATCHEL 1.00 X 0 0 0 WILLIAM J EINHORN 1.00 X 5841 0 0 STEPHEN S ERDMANN 1.00 X 0 0 0 STANLEY R FISHER 1.00 X 2788 0 0 GARY J FOX 1.00 X 0 0 0 JAMES H GRIBBINS 1.00 X 0 0 0 PAUL HACKLEMAN 1.00 X 4585 0 0 DAVID F HAINES 1.00 X 5129 0 0 TODD G HELFRICH 1.00 X 0 0 0 THOMAS J HENDRICKS 1.00 X 0 0 0 RENEE JANOSCH 1.00 X 0 0 0 WILLIAM C LIGETTI JR 1.00 X 0 0 0 SEAN P MADIX 1.00 X 0 0 0 LAURIE A MELE 1.00 X 0 0 0 RICHARD W MUTO 1.00 X 2101 0 0 TIMOTHY K O'HEARN 1.00 X 0 0 0 LEONARD P O'NEILL 1.00 X 4271 0 0 JASON PARADIS 1.00 X 0 0 0 ALAN R PARHAM 1.00 X 4056 0 0 ANTHONY M PERRONE 1.00 X 0 0 0 GENE H PRICE 1.00 X 0 0 0 HERBERT R RICKLIN 1.00 X 0 0 0 ROBERT ROMPHF 1.00 X 0 0 0 STEVEN R SAPPER 1.00 X 0 0 0 JAMES E SCHREIBER 1.00 X 0 0 0 DAVID C SEMRAD 1.00 X 0 0 0 THOMAS W STIEDE 1.00 X 4141 0 0 KEVIN TIGHE 1.00 X 0 0 0 TOM J VENTURA 1.00 X 0 0 0 MICHAEL WILCHER 1.00 X 746 0 0 WENDELL W YOUNG IV 1.00 X 0 0 0 MICHAEL WILSON 40.00 X 355455 0 77067 TERRY DAVIDSON 40.00 X 156190 0 64183 ELIZABETH HARWOOD 40.00 X 172780 0 42758 ALBERT HAMWRIGHT 40.00 X 155342 0 36017 DAVID VAN ZEELAND 40.00 X 143379 0 58462 CONNIE WELLS 40.00 X 118942 0 46330 1153053 0 324817 11 0 1 0 REINHART BOERNER VAN DEUREN SC 1000 N WATER STREET SUITE 1700 MILWAUKEE WI 53202 LEGAL SERVICES 363486 INTERNATIONAL DELIVERY SOLUTIONS LLC 7340 S HOWELL AVENUE STE 5 OAK CREEK WI 531542108 DELIVERY SERVICES 220634 2 PROGRAM REGISTRATION 900099 16751314 16751314 MEMBERSHIP DUES AND SE 900099 4898484 4898484 CEBS CERTIFICATION PRO 900099 3351726 3351726 E-LEARNING 900099 554758 554758 ADVERTISING 541800 381029 381029 273823 273823 26211134 271162 271162 3656325 3428124 228201 228201 228201 2036971 800095 1236876 1236876 27947373 27066981 381029 499363 529493 529493 6748051 4346432 2401619 1574896 1014116 560780 1746977 1074161 672816 532821 328358 204463 410000 410000 78933 12041 66892 24654 24654 288310 178530 109780 185420 185420 3836528 3470444 366084 506141 53329 452812 46529 46529 348263 348263 1695583 371896 1323687 6725458 6273978 451480 38247 38247 1005493 1005493 155853 62083 93770 CREDIT CARD FEES 398362 358506 39856 MARKETING & INFO SERVIC 184626 184626 SPECIAL PROJECTS 85746 85746 UBIT PAYMENTS 26215 26215 638182 99804 538378 27810781 18060253 9750528 0 -17586 -97801 2274742 1929821 399240 612712 564821 494697 1282521 1153837 18932800 11911258 7041188 7021542 11466535 13195400 7078511 6362774 266051 292072 30356023 30965054 2399134 3005683 9006436 8325236 1250000 1250000 11230830 11185594 23886400 23766513 X 6432028 7153796 37595 44745 6469623 7198541 30356023 30965054 X 136592 1670009 -1077683 X 0 1 X 1 0 X 4718246 4690766 4725165 4890793 4894966 23919936 20707527 19113264 21241636 21723487 22972110 105758024 25425773 23804030 25966801 26614280 27867076 129677960 0 0 0 129677960 1167295 740180 515090 487779 271162 3181506 1167295 740180 515090 487779 271162 3181506 110664 73633 106926 105270 116728 513221 26703732 24617843 26588817 27207329 28254966 133372687 0.97230 0.96610 0.02390 0.02970 X 687374 687374 6815832 3979609 2836223 11429594 7931649 3497945 7021542 COMMON COLLECTIVE TRUSTS 3604818 F ALTERNATIVE INVESTMENT TRUSTS 1542503 F REAL ESTATE INVESTMENT TRUSTS 1215453 F 6362774 DUE TO RELATED PARTIES 4001 REFUNDS PAYABLE 6443 HOTEL DEPOSITS HELD FOR OTHERS 449879 DEFINED BENEFIT PLAN ACCRUED COST 10628756 CAPITAL LEASE OBLIGATION 96515 11185594 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THUS IS GENERALLY NOT SUBJECT TO TAX. THE LLC IS CONSIDERED A DISREGARDED ENTITY BY THE IRS WITHIN THE FOUNDATION. THE FOUNDATION IS SUBJECT TO TAX, HOWEVER, ON ANY UNRELATED BUSINESS INCOME. THE INCOME TAXES PAID IN 2012 AND 2011 WERE $26,215 AND $60,298 RESPECTIVELY. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. AT DECEMBER 31, 2012, THE FOUNDATION HAS DETERMINED THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO ACCRUAL FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FORM 990-T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN, AND FORM 4-T, WISCONSIN EXEMPT ORGANIZATION BUSINESS FRANCHISE OR INCOME TAX RETURN. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF WISCONSIN UNTIL THE APPLICABLE STATUTE OF LIMITATIONS EXPIRE. NORTH AMERICA 0 1 CANADIAN PROGRAM SERVICE EDUCATIONAL PROGRAMS 1190317 NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE BOARD AND COMMITTEE 334041 NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE SUPPORT OF MEMBERSHIP 38258 0 1 0 0 0 1 1562616 0 1562616 0 0 0 0 0 0 X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 MICHAEL WILSON 297805 0 15000 0 42650 0 63876 0 13191 0 432522 0 0 0 TERRY DAVIDSON 155613 0 0 0 577 0 39133 0 25050 0 220373 0 0 0 ELIZABETH HARWOOD 155194 0 0 0 17586 0 18070 0 24688 0 215538 0 0 0 ALBERT HAMWRIGHT 152433 0 2200 0 709 0 25385 0 10632 0 191359 0 0 0 DAVID VAN ZEELAND 140949 0 2000 0 430 0 33479 0 24983 0 201841 0 0 0 CONNIE WELLS 116356 0 1600 0 986 0 28346 0 17984 0 165272 0 0 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES ITS VOLUNTEERS WHO SERVE ON COMMITTEES, THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. THE ORGANIZATION ALLOWS VOLUNTEERS TO RECEIVE TRAVEL EXPENSE PAYMENTS THAT DO NOT EXCEED NONREFUNDABLE COACH CLASS AIRFARE OR IN SOME INSTANCES, FIRST CLASS AIRFARE, FROM THEIR HOME DESTINATION TO THE MEETING SITE AND THE ORGANIZATION ALSO PAYS HOTEL EXPENSES FOR THE ACTUAL DAYS OF MEETING ATTENDANCE BY SUCH A VOLUNTEER PLUS ONE TRAVEL DAY AT THE BEGINNING AND END OF THE MEETING. THE ORGANIZATION ALSO PAYS THOSE VOLUNTEERS A PER DIEM ALLOWANCE FOR OTHER EXPENSES INCLUDING MEALS, CABS AND OTHER ON-SITE TRANSPORTATION, TIPS, ETC. IN THE AMOUNT OF $115 PER DAY. ANY AMOUNT PAID TO A VOLUNTEER FOR WHICH SUBSTANTIATION OF THE EXPENSE IS NOT SUBMITTED TO THE ORGANIZATION IS REPORTED ON A FORM 1099 FOR THE AFFECTED VOLUNTEER. IN ADDITION, THE ORGANIZATION REIMBURSES TRAVEL EXPENSES FOR THE SPOUSE OF THE PRESIDENT (UNCOMPENSATED VOLUNTEER) AND PRESIDENT-ELECT (UNCOMPENSATED VOLUNTEER) IN CONJUNCTION WITH ATTENDANCE AT FUNCTIONS WHERE THE PRESIDENT AND PRESIDENT-ELECT PARTICIPATES IN BOARD/COMMITTEE ACTIVITIES WHERE THEY HOST OFFICIAL FUNCTIONS. THE AIRFARE REIMBURSEMENT FOR THE TRAVELING SPOUSE IN THESE SITUATIONS IS AT THE ACTUAL COST OF THE AIRFARE, INCLUDING FOR A FIRST-CLASS SEAT. PART I, LINE 4B THE FOUNDATION ESTABLISHED AN INTERNAL REVENUE CODE ("IRC") SECTION 457(B) "TOP HAT" DEFERRED COMPENSATION ARRANGEMENT FOR ITS CHIEF EXECUTIVE OFFICER ("CEO") WHICH IS FUNDED IN PART BY A REDUCTION IN THE AMOUNT OF DISCRETIONARY PERFORMANCE BONUS FOR WHICH THE CEO COULD QUALIFY FOR A YEAR OF EMPLOYMENT STARTING WITH 2011 PLUS AN ADDITIONAL ANNUAL PAYMENT BY THE FOUNDATION IN THE $7,000 RANGE FOR THE AFFECTED YEAR. IF THE CEO FAILS TO EARN THE FULL AMOUNT OF THE DISCRETIONARY BONUS FOR A YEAR, THEN THE AMOUNT CONTRIBUTED TO THE 457(B) ARRANGEMENT IS REDUCED. IN ADDITION, THE FOUNDATION ESTABLISHED AN IRC SECTION 457(F) INELIGIBLE DEFERRED COMPENSATION ARRANGEMENT FOR ITS CEO TO WHICH APPROXIMATELY $9,000 IS CONTRIBUTED FOR A YEAR OF EMPLOYMENT FROM 2011 THROUGH 2013. THEREAFTER, THE FOUNDATION WILL REEVALUATE THE AMOUNT CONTRIBUTED TO THE INELIGIBLE ARRANGEMENT. THE 457(F) ARRANGEMENT IS SUBJECT TO A VESTING FORMULA. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY MEMBERS WHO ARE MEMBERS OF THE BOARD OF VOTING DIRECTORS SHALL HAVE THE RIGHT TO VOTE UPON ANY QUESTION AND ONLY THEIR CONSENT SHALL BE NECESSARY IN ANY STATUTORY OR OTHER PROCEEDINGS. A BOARD OF VOTING DIRECTORS SHALL REPRESENT, VOTE, AND ACT FOR THE MEMBERSHIP IN ALL OF THE ORGANIZATION'S AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION WORKS WITH ITS OFFICERS AND ITS THIRD-PARTY LAW FIRM AND ACCOUNTING FIRM TO PREPARE THE ORGANIZATION'S FORM 990 TAX RETURN. THE ORGANIZATION THEN PROVIDES ITS PROPOSED FORM 990 TAX RETURN TO THE EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS, WHICH ACTS FOR THE BOARD OF DIRECTORS BETWEEN BOARD OF DIRECTOR MEETINGS. LEGAL COUNSEL, A REPRESENTATIVE OF THE ACCOUNTING FIRM, AS WELL AS STAFF ARE AVAILABLE TO ANSWER QUESTIONS REGARDING THE FORM. THE EXECUTIVE COMMITTEE PROVIDES ANY COMMENTS, CORRECTIONS OR OTHER CHANGES, WHEREUPON THE FORM 990 TAX RETURN IS FINALIZED AND APPROVED BY THE EXECUTIVE COMMITTEE. ONCE EXECUTIVE COMMITTEE APPROVAL IS OBTAINED, THE ORGANIZATION FILES ITS FORM 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY ANNUALLY HAVING ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT OF ANY ITEMS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST WITH THE ORGANIZATION. DURING THE COURSE OF EACH YEAR, THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND GENERAL COUNSEL (WHO IS THE PRIMARY PURVEYOR OF LEGAL SERVICES PROVIDED BY A THIRD-PARTY LAW FIRM RETAINED BY THE ORGANIZATION) MONITOR THE ACTIVITIES OF INDIVIDUAL BOARD OF DIRECTORS MEMBERS, OFFICERS AND KEY EMPLOYEES IN THE ORDINARY COURSE OF THE ORGANIZATION'S BUSINESS. ANY IDENTIFIED POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE INDIVIDUALS IN QUESTION AND APPROPRIATELY ADDRESSED. INDIVIDUAL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE ALSO ENCOURAGED TO BE WATCHFUL OF CONFLICT OF INTEREST ISSUES AND BRING SUCH ISSUES TO THE ATTENTION OF EITHER THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER OR GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS OF INTEREST ARE DEALT WITH BY VOTE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CHAIRMAN OF THE BOARD (AN UNCOMPENSATED VOLUNTEER) AND GENERAL COUNSEL (A SENIOR PARTNER ENGAGED IN REPRESENTING NONPROFIT ORGANIZATIONS) COMPILE BENCHMARKING DATA FROM COMPENSATION PUBLICATIONS SUCH AS NATIONAL COMPENSATION STUDY (AMERICAN RESEARCH COMPANY), BLUE CHIP COMPENSATION & BENEFITS STUDY (ASAE) AND MANAGEMENT COMPENSATION REPORT (PRM CONSULTING, INC.) THAT TAKES INTO CONSIDERATION SUCH FACTORS AS EDUCATION, EXPERIENCE BASE, TENURE AND PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION (THE "CEO"). A REPORT IS PREPARED AND PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION BY THE CHAIRMAN OF THE BOARD AND GENERAL COUNSEL. THE CEO IS NOT IN ATTENDANCE AT THE MEETING WHEN HIS COMPENSATION LEVEL IS DISCUSSED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DELIBERATES AND APPROVES OF ANY CHANGES IN THE LEVEL OF COMPENSATION OF THE CEO. THE SAME PROCESS IS USED FOR OTHER OFFICERS AND KEY EMPLOYEES WITH THE EXCEPTION THAT THIS PROCESS IS LED BY THE CEO. THE CEO HAS, WITHIN APPROVED BUDGETARY CONSTRAINTS, AUTHORITY IN REVIEWING AND MAKING COMPENSATION ADJUSTMENTS FOR OTHER EMPLOYEES OF THE ORGANIZATION THAT ARE NOT OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CORPORATE BY-LAWS, ANNUAL AUDITED FINANCIAL STATEMENTS AND POLICIES AVAILABLE ON ITS WEB SITE. THIS INFORMATION CAN BE VIEWED AT WWW.IFEBP.ORG UNDER THE "ABOUT US" TAB OF THE ORGANIZATION'S HOME PAGE. MEMBERS OF THE PUBLIC-AT-LARGE MAY ALSO OBTAIN A COPY OF THE ORGANIZATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS BY CONTACTING THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: BENEFIT-RELATED CHANGES OTHER THAN NET PERIOD PENSION COST -1,087,408. FOREIGN CURRENCY GAINS 9,725. IFEBP SERVICES LLC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391034021 EDUCATIONAL, CHARITABLE, AND SCIENTIFIC ADMININSTRATIVE SUPPORT. WI 1622881 581878 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTL SOCIETY OF CERT EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391396077 DESIGNING AND ADMINISTERING CONTINUING EDUCATION COURSES AND EXAMS. WI 501(C)(3) 509(A)(2) INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC 0 CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391666266 GRANTING AND PROMOTING CEBS DESIGNATION AND ASSOCIATION DESIGNATIONS. WI 501(C)(6) INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC O 143301 FAIR MARKET VALUE INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC M 234754 FAIR MARKET VALUE INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC Q 373933 FAIR MARKET VALUE