2013-11-13T12:34:54-06:00 2012-12-31 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2012-01-01 742385850 CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS INC CERT 2023792200 1425 K STREET NW NO 500 WASHINGTON DC 20005 ROGER C MYERS JR 2023792200 2013-11-01 1 KAREN GRIES P00078514 5712279500 2012 2016-03-07 17:11:31Z KEVIN R KELLER CEO 1425 K STREET NW NO 500 WASHINGTON DC 20005 28483606 0 X WWW.CFP.NET X 1985 CO SEE SCHEDULE O. TO BENEFIT THE PUBLIC BY GRANTING THE CFP CERTIFICATION AND UPHOLDING IT AS THE RECOGNIZED STANDARD OF EXCELLENCE FOR COMPETENT AND ETHICAL PERSONAL FINANCIAL PLANNING. 13 13 74 160 0 0 0 0 20936366 25301024 1925953 1084587 0 0 22862319 26385611 27000 25000 0 0 6891933 7458312 0 0 0 18751427 19779626 25670360 27262938 -2808041 -877327 36903883 36689442 13985160 12838838 22918723 23850604 X TO BENEFIT THE PUBLIC BY GRANTING THE CFP CERTIFICATION AND UPHOLDING IT AS THE RECOGNIZED STANDARD OF EXCELLENCE FOR COMPETENT AND ETHICAL PERSONAL FINANCIAL PLANNING. 0 0 10117567 7817738 PUBLIC AWARENESS CAMPAIGN. SEE SCHEDULE O BEGINNING ON PAGE 29.PUBLIC AWARENESS CAMPAIGN: THE MISSION OF CERTIFIED FINANCIAL PLANNER BOARD OF STANDARDS, INC. IS TO BENEFIT THE PUBLIC BY GRANTING THE CFP CERTIFICATION AND UPHOLDING IT AS THE RECOGNIZED STANDARD OF EXCELLENCE FOR PERSONAL FINANCIAL PLANNING. THE CURRENT PUBLIC AWARENESS OF THE CFP CERTIFICATION IS LOW; CFP PROFESSIONALS HAVE SAID THAT AN IMPORTANT PRIORITY OF THE CFP BOARD SHOULD BE TO BUILD THE PUBLIC AWARENESS OF THE CFP BRAND. IN PURSUIT OF THIS PRIORITY THE CFP BOARD HAS CREATED A PUBLIC AWARENESS CAMPAIGN THAT INCLUDES A MIX OF ONLINE, CABLE TV AND PRINT ADVERTISING. ADDITIONALLY, THE "LET'S MAKE A PLAN" WEBSITE WAS CREATED TO INCREASE THE PUBLIC'S AWARENESS OF THE VALUE OF FINANCIAL PLANNING AND HOW A CFP PROFESSIONAL CAN HELP YOU PULL YOUR FINANCIAL LIFE TOGETHER. 4638380 25000 991021 EDUCATION. SEE SCHEDULE O BEGINNING ON PAGE 29. EDUCATION: THE FIRST STEP TO CFP CERTIFICATION IS TO ACQUIRE THE KNOWLEDGE REQUIRED TO DELIVER PROFESSIONAL, COMPETENT AND ETHICAL FINANCIAL PLANNING SERVICES TO CLIENTS, AS OUTLINED IN THE MAJOR PERSONAL FINANCIAL PLANNING TOPIC AREAS IDENTIFIED BY CFP BOARD'S MOST RECENT JOB ANALYSIS STUDY. CFP BOARD'S COURSEWORK COMPONENT REQUIRES THE COMPLETION OF A COLLEGE-LEVEL PROGRAM OF STUDY IN PERSONAL FINANCIAL PLANNING, INCLUDING COMPLETION OF A FINANCIAL PLAN DEVELOPMENT (CAPSTONE) COURSE REGISTERED WITH CFP BOARD. THE COURSE OF STUDY IS OFFERED AT OVER 200 REGIONALLY-ACCREDITED COLLEGES AND UNIVERSITIES IN THE U.S., IN DEGREE (BACHELORS, MASTERS, PHD) AND CERTIFICATE PROGRAMS. IN 2012, CFP BOARD REGISTERED 338 FINANCIAL PLANNING PROGRAMS AND REVIEWED THEIR CURRICULUM AND FACULTY QUALIFICATIONS TO ENSURE THAT THE TEACHING AND LEARNING MET ESTABLISHED STANDARDS. AFTER INITIAL CERTIFICATION, CFP PROFESSIONALS ARE REQUIRED TO COMPLETE CONTINUING EDUCATION REQUIREMENTS FOR BIENNIAL RENEWAL REQUIREMENTS TO ASSURE THE PUBLIC OF CONTINUED COMPETENCY. CFP BOARD ANNUALLY REGISTERS OVER 1,400 CONTINUING EDUCATION ("CE") SPONSORS WHICH AGREE TO DELIVER HIGH QUALITY PROGRAMS BY QUALIFIED INSTRUCTORS THAT MEET FINANCIAL PLANNING TOPIC REQUIREMENTS. IN 2012, CFP BOARD REVIEWED AND APPROVED OVER 15,000 CE PROGRAMS WHICH MET ESTABLISHED STANDARDS. 3468760 208396 COMMUNICATIONS AND OUTREACH: SEE SCHEDULE O BEGINNING ON PAGE 29.COMMUNICATIONS AND OUTREACH: DURING 2012, CFP BOARD COMMUNICATIONS AND OUTREACH INCLUDED PUBLIC RELATIONS, CONSUMER ADVOCACY AND OUTREACH, CFP PROFESSIONAL COMMUNICATIONS, BUSINESS DEVELOPMENT, EDUCATIONAL MATERIALS, CFP.NET WEBSITE AND OTHER INITIATIVES. OUR EFFORTS UTILIZED EARNED AND SOCIAL MEDIA, OUR WEBSITE, AND SPEAKING APPEARANCES TO EDUCATE THE PUBLIC ABOUT THE BENEFITS OF COMPETENT AND ETHICAL PERSONAL FINANCIAL PLANNING. OUR CONSUMER OUTREACH EFFORTS INCLUDED ESTABLISHING PARTNERSHIPS WITH PUBLIC INTEREST GROUPS, GOVERNMENT AGENCIES, AND OTHER NON-PROFIT ORGANIZATIONS TO PROVIDE PRO BONO FINANCIAL ADVICE TO THOUSANDS OF CONSUMERS NATIONWIDE. SPECIFIC PRO BONO ACTIVITIES INCLUDED A NATIONAL "FINANCIAL PLANNING DAYS" INITIATIVE, WITH FINANCIAL PLANNING CLINICS HELD AT 24 LOCATIONS ACROSS THE U.S., AS WELL AS FINANCIAL PLANNING CLINICS PROVIDED TO MILITARY PERSONNEL, CONGRESSIONAL STAFF, OLDER AMERICANS, TEACHERS, AND COUNTY GOVERNMENT EMPLOYEES. 3725099 92720 ENFORCEMENT OF PROFESSIONAL STANDARDS: CFP BOARD PROVIDES A FAIR AND OBJECTIVE PROCESS FOR INVESTIGATING AND ADJUDICATING ALLEGATIONS OF VIOLATIONS BY CFP PROFESSIONALS OF CFP BOARD'S STANDARDS OF PROFESSIONAL CONDUCT. IN 2012, CFP BOARD STAFF OPENED IN EXCESS OF 850 INVESTIGATIONS, WHICH RESULTED IN 107 HEARINGS BEFORE THE DISCIPLINARY AND ETHICS COMMISSION, AN INDEPENDENT BODY COMPOSED OF CFP PROFESSIONALS AND PUBLIC REPRESENTATIVES. ADDITIONALLY IN 2012, CFP BOARD CONTINUED TO PROVIDE GUIDANCE TO CFP PROFESSIONALS TO ASSIST THEM IN COMPLYING WITH THE STANDARDS WHICH, AMONG OTHER PROVISIONS, INCLUDES A REQUIREMENT THAT CFP PROFESSIONALS PROVIDE SERVICE TO FINANCIAL PLANNING CLIENTS AT A FIDUCIARY STANDARD OF CARE. CFP BOARD ALSO CONTINUED TO PURSUE A NUMBER OF PROACTIVE MEASURES TO VIGOROUSLY PROTECT THE CFP CERTIFICATION MARKS FROM UNAUTHORIZED USE AND MISUSE TO ENSURE THAT THEY REMAIN PROTECTED BY U.S. TRADEMARK LAWS. 2131994 3529705 EXAMINATION: IN 2012, OVER 6,000 CFP PROFESSIONAL CANDIDATES REGISTERED TO TAKE THE CFP EXAM. THE CFP CERTIFICATION EXAMINATION ASSESSES A CANDIDATE'S ABILITY TO APPLY FINANCIAL PLANNING KNOWLEDGE, IN AN INTEGRATED FORMAT, TO FINANCIAL PLANNING SITUATIONS. SUCCESSFUL COMPLETION OF THE EXAM PLUS EDUCATION, EXPERIENCE AND ETHICAL STANDARDS/REQUIREMENTS NEED TO BE MET BEFORE CFP CERTIFICATION IS GRANTED. 1104995 PUBLIC ADVOCACY: DURING 2012, CFP BOARD WORKED TO PURSUE FINANCIAL REGULATORY REFORMS AIMED AT INVESTOR PROTECTION INCLUDING THE REGULATION OF THOSE WHO HOLD THEMSELVES OUT TO CONSUMERS AS FINANCIAL PLANNERS, THE ESTABLISHMENT OF A FIDUCIARY STANDARD OF CARE FOR THE DELIVERY OF PERSONALIZED INVESTMENT ADVICE, AND INCREASED SECURITIES AND EXCHANGE COMMISSION (SEC) OVERSIGHT OF REGISTERED INVESTMENT ADVISORS. CFP BOARD ALSO URGED THE CONSUMER FINANCIAL PROTECTION BUREAU TO RECOMMEND REFORMS TO CONGRESS AND THE SEC TO ADDRESS THE USE OF FINANCIAL SERVICE DESIGNATIONS TO MISLEAD AND EXPLOIT OLDER AMERICANS. 285186 12602391 CERTIFICATION: THERE WERE OVER 67,000 CFP PROFESSIONALS AT THE END OF 2012, OF WHICH 3,000 WERE GRANTED INITIAL CERTIFICATION IN 2012. SUCCESSFUL COMPLETION OF THE EXAM PLUS EDUCATION, EXPERIENCE, AND ETHICAL STANDARDS/REQUIREMENTS MUST BE MET BEFORE INITIAL CFP CERTIFICATION IS GRANTED. 7247274 16224816 25471981 1 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 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 52 0 74 1 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X ROGER C MYERS JR 2023792260 1425 K STREET NW SUITE 500 WASHINGTON DC 20005 CHARLES GOLDMAN 1.00 X 0 0 0 ALAN K GOLDFARB 3.00 X X 0 0 0 ROBERT HAYDEN 1.00 X 0 0 0 JOAN SYLVESTER WISE 1.00 X 0 0 0 SUSAN MEISINGER 1.00 X 0 0 0 RICHARD SINCERE 1.00 X 0 0 0 RICHARD ROJECK 1.00 X 0 0 0 SUSAN HIRSHMAN 1.00 X 0 0 0 NANCY A KISTNER 3.00 X X 0 0 0 RAY FERRARA 1.00 X 0 0 0 JOHN CONNELL 1.00 X 0 0 0 MICHAEL GREEN 1.00 X 0 0 0 EVA KAMPITS 1.00 X 0 0 0 JOSEPH VOTAVA 1.00 X 0 0 0 KEVIN R KELLER 50.00 X 732941 0 155327 ROGER C MYERS JR 50.00 X 200268 0 34032 MICHAEL SHAW 50.00 X 265085 0 61557 MARILYN MOHRMAN-GILLIS 50.00 X 295294 0 70707 MICHELE WARHOLIC 50.00 X 255881 0 63408 THOMAS CROWDER 50.00 X 245149 0 62312 DAN DRUMMOND 50.00 X 160112 0 22734 STEVEN E BARKLEY 50.00 X 182432 0 24327 JOSEPH MAUGERI 50.00 X 170021 0 23342 REX STAPLES 50.00 X 131257 0 9225 TIMOTHY B STIFEL 50.00 X 154268 0 22708 2792708 0 549679 18 0 1 0 MEDIA PLANNING GROUP LLC 195 BROADWAY NEW YORK NY 10007 ADVERTISING 8563654 PROMETRIC INC PO BOX 223608 PITTSBURGH PA 152512608 CERTIFICATION TESTING SERVICES 1323491 ARNOLD WORLDWIDE LLC PO BOX 845518 BOSTON MA 022845518 MARKETING/ADVERTISING 980577 FINANCIAL PLANNING STANDARDS BOARD 707 17TH STREET SUITE 2925 DENVER CO 80202 MEMBERSHIP 377912 CITY STAFF 1701 K STREET SUITE 500 WASHINGTON DC 20006 TEMPORARY LABOR 325512 18 CERTIFICATION FEES 900099 12158391 12158391 PUBLIC AWARENESS CAMPA 900099 7817738 7817738 EXAM FEES 900099 3529705 3529705 EDUCATIONAL FEES 900099 991021 991021 APPLICATION FEES 900099 444000 444000 360169 301115 59054 25301024 1016316 1016316 2166266 2097995 68271 68271 68271 26385611 25241970 0 1143641 X 25000 25000 2409787 2254624 155163 4040595 3777176 263419 238222 207052 31170 395927 382292 13635 373781 347580 26201 788216 767600 20616 40387 29998 10389 75000 75000 3707914 3385875 322039 9708376 9708376 1306527 1236038 70489 373499 284231 89268 999999 742753 257246 707667 642245 65422 510481 468998 41483 942743 736393 206350 106025 78750 27275 PROFESSIONAL DUES 400479 301721 98758 PROFESSIONAL DEVELOPMEN 53438 41175 12263 CONTRIBUTION EXPENSE 25060 25060 RECOGNITION, AWARDS, GI 11302 9635 1667 22513 19409 3104 27262938 25471981 1790957 0 662 617 5403204 3948727 102527 151348 236237 265823 4396121 2915487 2023685 1480634 28687194 30056497 450374 785796 36903883 36689442 2434685 2801405 10663716 8891627 886759 1145806 13985160 12838838 X 22918723 23850604 22918723 23850604 36903883 36689442 -877327 1809208 0 X 0 1 X 1 0 X 10000 10000 16132980 15863567 16535014 20896084 25301024 94728669 16132980 15863567 16545014 20896084 25301024 94738669 0 0 0 94738669 780272 816232 1091861 1445476 1016316 5150157 780272 816232 1091861 1445476 1016316 5150157 16913252 16679799 17636875 22341560 26317340 99888826 0.94840 0.94080 0.05160 0.05850 X 75923 75923 27187015 27262938 1000000 250000 0 0 828233 896768 1000000 1000000 3725001 5587502 105840 164882 75000 75923 421645 207058 224192 250000 250000 931250 1396875 3386 3386 449450 346076 103374 660077 584171 75906 3286594 1985240 1301354 1480634 DEFERRED RENT 113659 CAPITAL LEASE OBLIGATION 35886 DEFERRED COMPENSATION 996261 1145806 X 25301024 0 25301024 1084587 1084587 26385611 27187938 0 27187938 75000 75000 27262938 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: CFP BOARD IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. CFP BOARD ADOPTED THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS ON JANUARY 1, 2009. CFP BOARD EVALUATED ITS TAX POSITIONS AND DETERMINED THAT ITS TAX POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. CFP BOARD'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE YEARS 2009 TO 2011 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME 1,084,587. 1 FINANCIAL PLANNING ASSOCIATION 7535 EAST HAMPDEN AVENUE SUITE 600 DENVER CO 80231 841521488 501(C)(6) 25000 0 N/A N/A FINANCIAL PLANNING CHALLENGE IN CONJUNCTION WITH ANNUAL FPA CONFERENCE 0 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ANNUAL GRANT TO THE FINANCIAL PLANNING ASSOCIATION (FPA) TO PARTIALLY FUND "THE FINANCIAL PLANNING CHALLENGE" HELD AT THE ANNUAL FPA CONFERENCE TO SUPPORT THE NEXT GENERATION OF FINANCIAL PLANNERS. ENGAGING STUDENTS AND PROGRAM DIRECTORS IN THE FINANCIAL PLANNING COMMUNITY, RAISING AWARENESS OF CAREER OPPORTUNITIES, AND ENCOURAGING LEARNING AND NETWORKING IN THE FINANCIAL PLANNING PROFESSION. X X X X X 0 1 0 0 0 0 0 0 0 KEVIN R KELLER 450755 0 104186 0 178000 0 132000 0 23327 0 888268 0 178000 0 ROGER C MYERS JR 200268 0 0 0 0 0 20503 0 13529 0 234300 0 0 0 MICHAEL SHAW 231569 0 33516 0 0 0 56223 0 5334 0 326642 0 0 0 MARILYN MOHRMAN-GILLIS 258176 0 37118 0 0 0 57177 0 13530 0 366001 0 0 0 MICHELE WARHOLIC 223732 0 32149 0 0 0 54988 0 8420 0 319289 0 0 0 THOMAS CROWDER 214361 0 30788 0 0 0 53724 0 8588 0 307461 0 0 0 DAN DRUMMOND 143581 0 16531 0 0 0 9589 0 13145 0 182846 0 0 0 STEVEN E BARKLEY 163592 0 18840 0 0 0 10929 0 13398 0 206759 0 0 0 JOSEPH MAUGERI 155081 0 14940 0 0 0 10198 0 13144 0 193363 0 0 0 TIMOTHY B STIFEL 138317 0 15951 0 0 0 16614 0 6094 0 176976 0 0 0 PART I, LINE 4B PART I, LINE 4B - DEFERRED COMPENSATION 457F PLAN - KEVIN R. KELLER - $178,000; 2008 & 2009 PAYOUT AMOUNTS BOTH PREVIOUSLY REPORTED ON A PRIOR FORM 990 AS A BENEFIT ACCRUED AND NOT PAID. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY THE CPA FIRM CLIFTONLARSONALLEN LLP WITH SIGNIFICANT INPUT FROM STAFF. IT IS THEN REVIEWED BY THE AUDIT COMMITTEE. ONCE THE AUDIT COMMITTEE HAS APPROVED, IT IS PROVIDED TO THE BOARD OF DIRECTORS. THE FORM 990 IS REVIEWED IN ITS ENTIRETY BY THE BOARD OF DIRECTORS PRIOR TO ITS SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY (THE "POLICY") APPLIES TO: (1) MEMBERS OF CFP BOARD'S BOARD OF DIRECTORS (INCLUDING THE CEO, WHO IS AN EX-OFFICIO DIRECTOR), COMMITTEES, AND TASK FORCES; (2) MEMBERS OF VOLUNTEER COUNCILS, COMMISSIONS, AND WORKING GROUPS; (3) VOLUNTEERS FOR ANY OF THE AFOREMENTIONED BODIES; AND (4) CFP BOARD'S CORPORATE OFFICERS (COLLECTIVELY, REFERRED TO AS "RESPONSIBLE PERSON" OR "RESPONSIBLE PERSONS"). EACH RESPONSIBLE PERSON HAS A CONTINUING OBLIGATION TO DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST (REGARDLESS OF WHETHER THE POTENTIAL CONFLICT MAY RESULT IN PERSONAL BENEFIT TO THE RESPONSIBLE PERSON, A FAMILY MEMBER OR A RELATED ENTITY) AS SOON AS IT IS KNOWN OR REASONABLY SHOULD BE KNOWN. EACH RESPONSIBLE PERSON MUST COMPLETE A QUESTIONNAIRE PRIOR TO THE COMMENCEMENT OF SERVICE, AND ANNUALLY THEREAFTER. THE GOVERNANCE COMMITTEE IS COMPOSED OF SIX MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE'S DUTIES AND RESPONSIBILITIES ARE SET FORTH IN A GOVERNANCE MANUAL CREATED AND MAINTAINED BY THE COMMITTEE. ANNUAL GOVERNANCE TRAINING IS PROVIDED TO THE BOARD. THE COMMITTEE PROVIDES ANNUAL DISCLOSURE FORMS TO EACH MEMBER OF THE BOARD OF DIRECTORS AS WELL AS OFFICERS. IF A CONFLICT ARISES, THE INDIVIDUAL HAVING THE CONFLICT MUST DISCLOSE THE CONFLICT IN WRITING. THE COMMITTEE IS RESPONSIBLE FOR REVIEWING QUESTIONNAIRES SUBMITTED BY MEMBERS OF THE BOARD (INCLUDING THE CEO), COMMITTEES, AND TASK FORCES; AND CORPORATE OFFICERS, AND DETERMINING WHETHER A PERCEIVED OR ACTUAL CONFLICT OF INTEREST EXISTS. IF THE GOVERNANCE COMMITTEE DETERMINES THAT A PERCEIVED OR ACTUAL CONFLICT OF INTEREST EXISTS WITH RESPECT TO ANY OTHER CORPORATE OFFICER, THE GOVERNANCE COMMITTEE WILL DETERMINE THE APPROPRIATE COURSE OF ACTION. THIS MAY INCLUDE, BUT IS NOT LIMITED TO, DEVELOPING A MITIGATION PLAN OR INVOKING PROCEDURES SIMILAR TO THOSE DESCRIBED BELOW WITH RESPECT TO A CONFLICTING INTEREST TRANSACTION. IF A RESPONSIBLE PERSON BECOMES AWARE THAT CFP BOARD IS ABOUT TO ENTER INTO OR MAKE ANY DECISION INVOLVING A CONFLICTING INTEREST TRANSACTION WITH THE RESPONSIBLE PERSON, A FAMILY MEMBER, A FRIEND OR A RELATED ENTITY, THE RESPONSIBLE PERSON MUST: IMMEDIATELY INFORM THOSE CHARGED WITH APPROVING THE TRANSACTION ON BEHALF OF CFP BOARD OF A PERCEIVED OR ACTUAL CONFLICT OF INTEREST; AND NOT PARTICIPATE IN THE DELIBERATION OR VOTE ON THE DECISION TO ENTER INTO SUCH TRANSACTION, AND NOT ATTEMPT TO EXERT HIS OR HER INFLUENCE WITH RESPECT TO THE MATTER, EITHER AT OR OUTSIDE THE MEETING. PROCEEDINGS ARE DOCUMENTED IN THE MEETING MINUTES. FORM 990, PART VI, SECTION B, LINE 15A THE CEO OVERSIGHT COMMITTEE ESTABLISHES AND MONITORS CEO COMPENSATION TO ENSURE THAT IT IS COMPETITIVE WITH OTHER NON-PROFIT INSTITUTIONS THAT FOCUS ON FINANCIAL SERVICES, LOCATED IN WASHINGTON, DC. THE COMMITTEE CONSISTS OF MEMBERS OF THE BOARD OF DIRECTORS AND DOES NOT INCLUDE THE CEO. THE COMMITTEE ENGAGED A COMPENSATION CONSULTANT TO EVALUATE THE CURRENT CEO SALARY AND STRUCTURE. THE CONSULTANT UTILIZED COMPARABLE DATA IN ORDER TO SUBSTANTIATE THEIR SALARY RECOMMENDATIONS FOR THE CEO. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2012 FOR THE CEO, K. KELLER. THE CEO ENGAGES A COMPENSATION CONSULTANT TO REVIEW AND EVALUATE OTHER OFFICER AND KEY EMPLOYEE SALARIES. THE CONSULTANT UTILIZED COMPARABLE DATA IN ORDER TO SUBSTANTIATE THEIR SALARY RECOMMENDATIONS FOR OTHER OFFICER AND KEY EMPLOYEE SALARIES. THIS PROCESS WAS MOST RECENTLY UNDERTAKEN IN 2010 FOR ALL OFFICER AND KEY EMPLOYEE POSITIONS REPORTED IN FORM 990, PART VII. FORM 990, PART VI, SECTION C, LINE 19 THE AUDITED FINANCIAL STATEMENTS AND BYLAWS ARE AVAILABLE TO STAKEHOLDERS ON THE CFP BOARD WEBSITE. THE CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. OTHER FEES FORM 990, PART IX, LINE 11G OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 464,812. MANAGEMENT AND GENERAL EXPENSES 68,593. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 533,405. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 2,016,350. MANAGEMENT AND GENERAL EXPENSES 95,809. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,112,159. RECRUITMENT ADVERTISING: PROGRAM SERVICE EXPENSES 238. MANAGEMENT AND GENERAL EXPENSES 82. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 320. RECRUITMENT PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 152,146. MANAGEMENT AND GENERAL EXPENSES 52,695. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 204,841. RECRUITMENT TRAVEL: PROGRAM SERVICE EXPENSES 2,246. MANAGEMENT AND GENERAL EXPENSES 778. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,024. RESEARCH: PROGRAM SERVICE EXPENSES 113,401. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 113,401. TEMPORARY LABOR: PROGRAM SERVICE EXPENSES 636,682. MANAGEMENT AND GENERAL EXPENSES 104,082. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 740,764.