2013-11-11T12:04:54-06:00 2012-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2012-01-01 510182830 HUMAN RESOURCE CERTIFICATION INSTITUTE HUMA 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 MARY MOHNEY 7035483440 2013-11-11 1 FRANK H SMITH P00639053 2028225000 2013-11-07 2012 2016-02-24 21:20:13Z AMY SCHABACKER DUFRANE 1800 DUKE STREET ALEXANDRIA VA 223143499 45577447 0 X WWW.HRCI.ORG X 1979 DC ESTABLISH AND MAINTAIN PROFESSIONAL STANDARDS IN THE FIELD OF HUMAN RESOURCE MANAGEMENT. 13 13 53 240 6149 -74338 0 0 13087604 12779370 1155029 2006494 117912 59598 14360545 14845462 750000 750000 0 0 3862621 5062671 0 0 0 7967665 8867582 12580286 14680253 1780259 165209 34367629 36653052 5401323 6288780 28966306 30364272 THE HR CERTIFICATION INSTITUTE (THE INSTITUTE) DEVELOPS AND DELIVERS CREDENTIALING PROGRAMS TO VALIDATE MASTERY IN THE FIELD OF HUMAN RESOURCE MANAGEMENT AND TO PROMOTE ORGANIZATIONAL EFFECTIVENESS. 0 0 9459069 12779370 THE INSTITUTE CONDUCTS CERTIFICATION EXAMINATIONS IN ORDER TO RECOGNIZE PROFESSIONALS IN THE FIELD WHO HAVE MASTERED THE BODY OF KNOWLEDGE IN HUMAN RESOURCE MANAGEMENT. THESE EXPENSES ARE RELATED TO THE EXAM DEVELOPMENT AND ADMINISTRATION OF FOUR CREDENTIALS. IN 2011, AND CONTINUING INTO 2012, THE INSTITUTE INVESTED IN THE DEVELOPMENT OF TWO NEW GLOBAL CERTIFICATIONS AND UTILIZED THE PROFESSIONAL EXAMINATION COMPANIES TO PREPARE FOR THE LAUNCH OF THE NEW CERTIFICATIONS. THE INSTITUTE UTILIZES PROFESSIONAL EXAMINATION COMPANIES TO VALIDATE THE EXAMS AND SUBJECT MATTER EXPERTS TO PREPARE THE CONTENT. 344647 48959 THE INSTITUTE PRODUCES PUBLICATIONS AS A MEANS OF DISSEMINATING RELEVANT MANAGEMENT RESEARCH STUDY INFORMATION TO THE PUBLIC(COST OF GOODS SOLD RELATED TO SUCH PUBLICATIONS IS EXCLUDED FROM EXPENSES REPORTED HERE AND REPORTED ON PAGE 9 OF THE FORM 990). 750000 750000 AS PART OF THE INSTITUTE'S MISSION TO FURTHER ESTABLISH AND MAINTAIN PROFESSIONAL STANDARDS, CONTRIBUTIONS WERE MADE TO THE SHRM FOUNDATION TO SUPPORT THEIR WORK ON CONDUCTING RESEARCH STUDIES IN THE FIELD OF HR MANAGEMENT AND IN SUPPORT OF THEIR PERMANENT ENDOWMENT. 10553716 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 53 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 13 13 0 1 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X MARY MOHNEY CFO 7035483440 1800 DUKE STREET ALEXANDRIA VA 22314 GARDINER HEMPEL JR CPA GPHR 1.00 X X 0 0 0 CLARISSA A PETERSON SPHR GPHR 1.00 X X 0 0 0 KAREN BENNETT SPHR GPHR 1.00 X X 0 0 0 MANJUSHREE M BADLANI MA SPHR 1.00 X 0 0 0 GREG BALESTRERO 1.00 X 0 0 0 RONNIE CHARLES SPHR GPHR 1.00 X 0 0 0 IONA HARDING SPHR GPHR 1.00 X 0 0 0 GERLINDE HERRMANN CHRP GPHR 1.00 X 0 0 0 HENRY G JACKSON CPA 1.00 X 0 0 0 O DAVID JACKSON SPHR PMP 1.00 X 0 0 0 SHAWN MOOD SPHR GPHR 1.00 X 0 0 0 WILLIAM SCHIEMANN PHD 1.00 X 0 0 0 JAMES STEELE EDH GPHR SPHR 1.00 X 0 0 0 MARY POWER CAE CMP 37.50 X 326665 0 67492 AMY DUFRANE EDD SPHR 37.50 X 233212 0 37345 BENNIE JOHNSON 37.50 X 198952 0 36045 ELIZABETH RICHARDS 37.50 X 104000 0 22257 GREGORY SCOTT 37.50 X 105061 0 13670 LEE ANN EVANS 37.50 X 121561 0 25638 LINDA K ANGUISH 37.50 X 121398 0 47897 SUPOJ SRIKITTIPRAPHAT 37.50 X 108736 0 22027 1319585 0 272371 8 0 1 0 PROMETRIC INC PO BOX 223608 PITTSBURGH PA 152512608 EXAMINATION FEES 1615738 SOCIETY FOR HUMAN RESOURCE MANAGEMENT 1800 DUKE STREET ALEXANDRIA VA 223143499 MANAGEMENT SERVICES 1409004 PROFESSIONAL EXAMINATION SERVICES 475 RIVERSIDE DRIVE NEW YORK NY 101150089 EXAMINATION FEES 675735 GAVIN LAW OFFICES PLC 2500 GASKINS ROAD SUITE B RICHMOND VA 23238 LEGAL SERVICES 377734 CYZAP 7811 L STREET SUITE 230 OMAHA NE 68127 PROJECT MGM'T, SUPPORT & MAINT. 251741 11 CERTIFICATION FEES 900099 12779370 12779370 12779370 699286 699286 32025574 30718366 1307208 1307208 1307208 68727 13619 55108 48959 6149 MISCELLANEOUS 900099 4490 4490 4490 14845462 12828329 6149 2010984 X 750000 750000 828125 703906 124219 3012425 2560561 451864 394014 334912 59102 580454 493386 87068 247653 210505 37148 1409004 1197653 211351 442854 442854 13630 13630 155892 155892 1609588 1155709 453879 825742 596103 229639 418142 176793 241349 238314 238314 663356 50627 612729 254500 21042 233458 74005 74005 TESTING FEES 1808418 1808418 FEES 425156 360148 65008 MISCELLANEOUS 279577 2797 276780 DUES & SUBSCRIPTIONS 249404 131156 118248 14680253 10553716 4126537 0 2856326 1748566 1926951 1616918 21230 13727 64784 101799 36569 106960 643872 451042 152408 192830 24795749 29872998 4457118 2965548 56494 33706 34367629 36653052 2131062 2502980 2439044 2543566 831217 1242234 5401323 6288780 X 28966306 30364272 28966306 30364272 34367629 36653052 X 165209 1413063 -180306 X 0 1 X 1 0 X 11781354 13252735 14199763 13157040 12831420 65222312 11781354 13252735 14199763 13157040 12831420 65222312 0 0 0 65222312 863308 784110 618866 765518 699286 3731088 863308 784110 618866 765518 699286 3731088 35963 41689 31022 39839 4490 153003 12680625 14078534 14849651 13962397 13535196 69106403 0.94380 0.94090 0.05400 0.05640 X 643872 451042 192830 192830 HEDGE FUNDS 2740548 F CERTIFICATE OF DEPOSITS 225000 F 2965548 DUE TO AFFILIATES 1242234 1242234 X 17881577 1413063 1765325 13619 3192007 14689570 155892 155892 14845462 16303305 1765325 13619 1778944 14524361 155892 155892 14680253 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2012 AND 2011, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 13,619. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 13,619. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 67239 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 216999 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 9939 NORTH AMERICA 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 116795 SOUTH AMERICA 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 6343 SOUTH ASIA 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 5877 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 1995 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES GLOBAL CERTIFICATIONS 19096 0 0 0 0 0 0 444283 0 444283 0 0 0 0 0 1 1 SHRM FOUNDATION 1800 DUKE STREET ALEXANDRIA VA 22314 346610067 501(C)(3) 750000 CASH TO SUPPORT THE GENERAL OPERATIONS OF THE SHRM FOUNDATION. 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FUNDS GRANTED TO THE SHRM FOUNDATION SUPPORT ITS GENERAL OPERATIONS, AS REPORTED TO THE HR CERTIFICATION INSTITUTE BOARD OF DIRECTORS. X X X X 0 0 0 0 0 1 0 1 0 MARY POWER CAE CMP 248913 0 77752 0 0 0 67492 0 0 0 394157 0 0 0 AMY DUFRANE EDD SPHR 183082 0 50130 0 0 0 21629 0 15716 0 270557 0 0 0 BENNIE JOHNSON 171352 0 27600 0 0 0 15079 0 20966 0 234997 0 0 0 LINDA K ANGUISH 109512 0 11886 0 0 0 32181 0 15716 0 169295 0 0 0 SUPPLEMENTAL INFORMATION PART III PART I, LINE 6 & 7: ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE AN INCENTIVE COMPENSATION PAYMENT BASED ON THE INSTITUTE MEETING KEY PERFORMANCE GOALS. THE GOALS ARE APPROVED BY THE INSTITUTE BOARD OF DIRECTORS AND INCLUDE NUMBER OF EXAM APPLICANTS, RECERTIFICATION RATES, BUILDING A WORLD CLASS WORK ENVIRONMENT, LONG-TERM STRATEGIC INITIATIVES AND FINANCIAL RESULTS. EACH GOAL IS GIVEN A WEIGHTED AVERAGE PERCENTAGE OF THE TOTAL GOAL. INCENTIVE COMPENSATION PAYMENTS ARE BASED ON AN EMPLOYEE'S EARNINGS, POSITION AND INDIVIDUAL PERFORMANCE WHICH CAN AVERAGE FROM 0% TO 33%. AFTER THE CALENDAR YEAR, THE BOARD OF DIRECTORS REVIEW ACTUAL RESULTS VERSUS THE GOALS AND APPROVE THE INCENTIVE COMPENSATION PAYMENTS. FOR 2012, THE INSTITUTE EXCEEDED ITS FINANCIAL GOAL AND PAID EMPLOYEES INCENTIVE COMPENSATION BASED ON THE INSTITUTE'S FINANCIAL RESULTS RANGING FROM .34% TO 2.28% OF AN EMPLOYEES SALARY. FORM 990, PART VI, SECTION A, LINE 3 THE INSTITUTE HAS A MANAGEMENT AGREEMENT WITH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM). SHRM PROVIDES FINANCIAL MANAGEMENT, HUMAN RESOURCES, INFORMATION TECHNOLOGY AND OFFICE SPACE AND SERVES AS THE CFO OF THE INSTITUTE. FORM 990, PART VI, SECTION A, LINE 4 THE FOLLOWING CHANGES HAVE BEEN MADE TO THE BYLAWS OF THE INSTITUTE: - THE MAXIMUM NUMBER OF BOARD OF DIRECTORS HAS BEEN CHANGED FROM 18 TO 20 AND SHALL INCLUDE AT LEAST ONE PUBLIC MEMBER WHICH MEETS ACCREDITATION REQUIREMENTS. - THE CHAIR MAY CHARGE ANY COMMITTEE OR TASK FORCE WITH OTHER DUTIES OR APPOINT AD HOC COMMITTEES AS DEEMED APPROPRIATE. - IN THE EVENT OF A VIOLATION OF THE CODE OF ETHICAL AND PROFESSIONAL RESPONSIBILITY OR OTHER SUBSTANTIVE REQUIREMENT OF THE CERTIFICATION PROCESS, THE COMPLAINT REVIEW PANEL HAS BEEN GIVEN THE POWER TO REPRIMAND CERTIFICANTS, OR SUSPEND OR REVOKE A CERTIFICANT'S CERTIFICATION. FORM 990, PART VI, SECTION A, LINE 7A THE INSTITUTE BYLAWS STATE THAT THE INSTITUTE BOARD OF DIRECTORS (WHICH SHALL BE COMPOSED OF BETWEEN 8 TO 20 MEMBERS) SHALL INCLUDE AS A VOTING MEMBER, THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) PRESIDENT/CEO OR HIS DESIGNEE AND A SHRM FOUNDATION BOARD DESIGNEE. THE INSTITUTE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE GOVERNANCE COMMITTEE AND ELECTED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE INSTITUTE'S FEDERAL FORM 990 IS REVIEWED BY THE INSTITUTE'S TOP MANAGEMENT OFFICIAL, THE DIRECTOR OF FINANCE, THE CFO, AND THE ACCOUNTING STAFF OF THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM). SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FEDERAL FORM 990 RECEIVED FROM THE INDEPENDENT PUBLIC ACCOUNTING FIRM WHO CONDUCTS THE FINANCIAL STATEMENT AUDIT OF THE INSTITUTE. THE REVIEW INVOLVES COMPARISON OF FINANCIAL DATA IN THE FEDERAL FORM 990 WITH THE AUDITED FINANCIAL STATEMENTS AND THE BOOKS AND RECORDS OF THE INSTITUTE AND REVIEW OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS. ADDITIONALLY, THE TREASURER OF THE BOARD REVIEWS A COPY OF THE RETURN FOR ACCURACY. PRIOR TO FILING THE FEDERAL FORM 990 WITH THE INTERNAL REVENUE SERVICE, A COMPLETE COPY IS PROVIDED TO ALL VOTING MEMBERS OF THE INSTITUTE'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS' CONFLICT OF INTEREST POLICY PROVIDES THE FOLLOWING PROCEDURES FOR ADDRESSING POTENTIAL CONFLICTS OF INTEREST THAT MAY REQUIRE BOARD OR COMMITTEE ACTION: 1) THE INTERESTED PERSON MUST DISCLOSE ALL FACTS MATERIAL TO THE CONFLICT OF INTEREST AND SUCH DISCLOSURE MUST BE REFLECTED IN THE MINUTES OF THE MEETING WHERE SUCH MATTER IS BEING REVIEWED; 2) THE INTERESTED PERSON IS PROHIBITED FROM PARTICIPATING IN DISCUSSIONS EXCEPT TO DISCLOSE MATERIAL FACTS AND RESPOND TO QUESTIONS; 3) SUCH PERSON SHALL NOT ATTEMPT TO EXERT HIS OR HER PERSONAL INFLUENCE WITH RESPECT TO THE MATTER EITHER AT OR OUTSIDE OF THE MEETING; 4) SUCH PERSON MAY NOT BE PRESENT TO HEAR THE BOARD OR COMMITTEE DISCUSSIONS ON THE MATTER; 5) SUCH INTERESTED PERSON IS PRECLUDED FROM VOTING ON THE MATTER AND SUCH PERSON'S PRESENCE MAY NOT BE COUNTED IN DETERMINING THE PRESENCE OF A QUORUM FOR PURPOSES OF THE VOTE AT THE MEETING; 6) SUCH PERSON MAY NOT BE PRESENT DURING THE VOTE UNLESS THE VOTE IS BY SECRET BALLOT; AND 7) SUCH PERSON'S INELIGIBILITY TO VOTE SHOULD BE REFLECTED IN THE MINUTES. ADDITIONALLY, THE SHRM EMPLOYEE CODE OF CONDUCT APPLIES TO ALL EMPLOYEES OF THE INSTITUTE; AND ALL EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT AND RETURN AN ACKNOWLEDGEMENT TO THE INSTITUTE HR DEPARTMENT THAT THEY UNDERSTAND AND WILL COMPLY WITH THE CODE OF CONDUCT. SECTION IV(K) OF THE CODE OF CONDUCT SETS FORTH THE CONFLICT OF INTEREST RULES APPLICABLE TO ALL EMPLOYEES. IT IS THE INSTITUTE'S INTENT TO AVOID IMPROPRIETY IN ALL DECISIONS AND ACTIONS. THE CODE OF CONDUCT REQUIRES EMPLOYEES TO AVOID TRANSACTIONS, ACTIVITIES AND RELATIONSHIPS WHICH PLACE PERSONAL INTEREST IN CONFLICT WITH THE INSTITUTE'S; NOT TO USE INSTITUTE ASSETS OR THE EMPLOYEE'S POSITION AT THE INSTITUTE FOR PERSONAL USE OR GAIN; NOT TO ACCEPT GIFTS FROM VENDORS UNLESS WITHIN THE GIFT GUIDELINES. EMPLOYEES ARE INFORMED THAT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST MAY GO BEYOND DEALINGS WITH MEMBERS, CUSTOMERS, VENDORS OR SUPPLIERS. CONFLICTS MAY ALSO INVOLVE DEALINGS WITH MANAGERS, SUBORDINATES OR OTHER STAFF MEMBERS. IF A CONFLICT OR POTENTIAL CONFLICT ARISES, EMPLOYEES UNDER THE POLICY MAY CONSULT WITH THEIR SUPERVISOR, THE INSTITUTE EXECUTIVE DIRECTOR, INSTITUTE CHIEF OPERATING OFFICER OR THE INSTITUTE HR DEPARTMENT. IN ADDITION, ALL CONTRACTS OF OVER $5,000 ARE REQUIRED TO BE REVIEWED BY THE INSTITUTE OUTSIDE LEGAL COUNSEL OR SHRM GENERAL COUNSEL'S OFFICE. THE INSTITUTE CONTRACT ROUTING FORM REQUIRES THE INDIVIDUAL WHO INITIATES THE CONTRACT TO "COMMENT ON PERSONAL RELATIONSHIPS OR FRIENDSHIPS WITH VENDORS." FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE 10% HIGHEST PAID EMPLOYEES AT THE INSTITUTE IS RECOMMENDED BY AN INDEPENDENT COMPENSATION CONSULTANT THROUGH REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE INSTITUTE EXECUTIVE DIRECTOR AND THE INSTITUTE HR DEPARTMENT. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE INSTITUTE WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G BOARD SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 436,940. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 436,940. MARKETING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 16,939. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,939. BOOKS & PUBLICATION SERVICES: PROGRAM SERVICE EXPENSES 8,578. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,578. KEY INFLUENCER PROGRAM SERVICIES: PROGRAM SERVICE EXPENSES 682,099. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 682,099. TESTING SERVICES: PROGRAM SERVICE EXPENSES 465,032. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 465,032. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST: -180,306.