2012-04-16T11:31:28-05:00 2011-09-30 CLIFTONLARSONALLEN LLP 2301 N GREENVILLE AVENUE SUITE 150 RICHARDSON TX 75082 990 2010-10-01 752611922 PROFESSIONAL RETAIL STORE MAINTENANCE ASSOCIATION PROF 9722319810 14850 QUORUM DRIVE NO 120 DALLAS TX 75254 PATRICIA DAMERON 9722319810 2012-04-13 1 CARRINE REILLY 9726443167 2010 2016-02-24 21:20:13Z PATRICIA DAMERON 14850 QUORUM DRIVE NO 120 DALLAS TX 75254 5865509 0 X HTTP://WWW.PRSM.COM X 1995 TX PRSM COMMITS TO SERVE FACILITIES MANAGEMENT PROFESSIONALS AND TO LEAD THE INDUSTRY BY PROVIDING RESOURCES, SOLUTIONS NETWORKING AND KNOWLEDGE SHARING. 15 15 18 258 66763 -934 0 0 3121055 3378055 119911 197675 9504 16137 3250470 3591867 0 0 0 0 823164 958137 0 0 0 1990169 1942847 2813333 2900984 437137 690883 4203454 5244366 1005928 1522578 3197526 3721788 PRSM COMMITS TO SERVE FACILITIES MANAGEMENT PROFESSIONALS AND TO LEAD THE INDUSTRY BY PROVIDING RESOURCES, SOLUTIONS NETWORKING AND KNOWLEDGE SHARING. 0 0 0 TO EDUCATE MEMBERS IN DIFFERENT AREAS OF RETAIL STORE MAINTENANCE AND TO PROVIDE EVENTS AND PROGRAMS. THIS YEAR THE ORGANIZATION HAD 769 COMPANY MEMBERS, AS WELL AS 2,270 INDIVIDUAL MEMBERS. 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 18 1 1 1 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X PATRICIA DAMERON 9722319810 14850 QUORUM DRIVE NO 120 DALLAS TX 75254 BILL PIETRYKOWSKI 3.00 X X 0 0 0 ROBERT FAZAKERLEY 3.00 X X 0 0 0 SHANNON PUCKETT 3.00 X X 0 0 0 CHRISTOPHER SLOCUM 3.00 X X 0 0 0 STAN SCHMIDT 3.00 X X 0 0 0 PAUL WALSH 3.00 X 0 0 0 CHARISSE T LUCKEY 3.00 X 0 0 0 JOHN CATANESE 3.00 X 0 0 0 KELLIE D'ANDREA 3.00 X 0 0 0 ANN MORAN 3.00 X 0 0 0 MARYELLA PEGNATO 3.00 X 0 0 0 MARK WARREN 3.00 X 0 0 0 SHAWN BROWNING 3.00 X 0 0 0 STEVEN GOTTFRIED 3.00 X 0 0 0 TIMOTHY BACKSTROM 3.00 X 0 0 0 PAUL BURKE 3.00 X 0 0 0 RON GILCREASE 3.00 X 0 0 0 PATRICIA DAMERON 40.00 X 147500 0 11354 0 0 0 2 0 0 1 WYNDHAM JADE 6400 INTERNATIONAL PKWY STE 2500 PLANO TX 75093 MEETING PLANNING 220801 MARRIOTT BUSINESS SERVICES PO BOX 402642 ATLANTA GA 30384 MEETING SERVICES & ACCOMODATIONS 184292 FIVE STAR SPEAKERS & TRAINERS LLC 8685 W 96TH ST OVERLAND PARK SHAWNEE MISSION KS 66212 CONVENTION SPEAKING 135850 RESULTS DIRECT 5210 E WILLIAMS CIRCLE STE 640 TUCSON AZ 75711 WEBSITE & WEB SERVICE 108950 4 CONFERENCE/MEETINGS 611710 2644373 2644373 MEMBERSHIP DUES 453000 606295 606295 ADVERTISING 541800 66763 66763 MAGAZINE 900099 60624 60624 3378055 90442 90442 2380875 2273642 107233 107233 107233 MISC. REVENUE 453000 16137 16137 16137 3591867 3250668 66763 274436 158853 723309 75975 1726 76658 24409 31161 98193 232229 62819 78198 66743 1081268 42704 12895 SUSTAINABILITY INITIATI 84535 MISC. EXPENSES 33330 INTERNATIONAL 12521 DUES & SUBSCRIPTIONS 3458 2900984 1560662 883024 1536333 418 0 40345 73099 169749 72462 31231 97287 2564961 2648786 5837 5837 4203454 5244366 175190 208663 830738 1313915 1005928 1522578 X 3197526 3721788 3197526 3721788 4203454 5244366 X 690883 -166621 X 1 0 0 X 0 0 1 0 169749 72462 97287 97287 UBS INVESTMENTS- EQUITY SECURITIES 2648786 F 2648786 3591867 2900984 690883 -166621 -166621 524262 3425246 -166621 -166621 3591867 0 3591867 2900984 0 2900984 0 2900984 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES: MANAGEMENT HAS CONCLUDED THAT ANY TAX POSITIONS THAT WOULD NOT MEET THE MORE-LIKELY-THAN-NOT CRITERION OF FASB ASC 740-10 WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS AS A WHOLE. ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT INCLUDE ANY PROVISION FOR UNCERTAIN TAX POSITIONS, AND NO RELATED INTEREST OR PENALTIES HAVE BEEN RECORDED IN THE STATEMENT OF ACTIVITIES OR ACCRUED IN THE STATEMENT OF FINANCIAL POSITION. FEDERAL TAX RETURNS OF THE ENTITY ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. NORTH AMERICA - CANADA 0 0 PROGRAM SERVICES CONFERENCES & MEMBERSHIP DUES 37511 0 0 0 0 0 0 37511 0 37511 0 0 0 0 0 0 X 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THERE SHALL BE TWO CLASSES OF MEMBERSHIP IN THE ASSOCIATION: PROFESSIONAL CORPORATE AND ALLIED CORPORATE. FORM 990, PART VI, SECTION A, LINE 7A THE VOTING DESIGNEE OF THE PROFESSIONAL CORPORATE MEMBER SHALL HAVE THE RIGHT TO VOTE AND HOLD ANY APPOINTIVE AND ELECTIVE OFFICE. THE DESIGNATED VOTING DESIGNEE OF THE ALLIED CORPORATE MEMBER SHALL HAVE THE RIGHT AND ALLIED CORPORATE MEMBER CAN ONLY HAVE ONE VOTING MEMBER TO VOTE AND HOLD ANY APPOINTIVE AND ELECTIVE POSITION, INCLUDING AS A MEMBER OF THE BOARD BUT EXCLUDING AS AN OFFICE OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM, REVIEWED BY THE ORGANIZATION'S MANAGEMENT TEAM AND A COPY WILL BE PROVIDED TO THE BOARD PRIOR TO FILING WITH IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD MEMBERS SHALL SIGN THIS CONFLICT OF INTEREST AGREEMENT BEFORE TAKING OFFICE. ALL BOARD MEMBERS MUST ABIDE BY THIS AGREEMENT AND SIGN IT ANNUALLY. THE ORGANIZATION REQUIRES BOARD MEMBERS TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTERESTS INVOLVING BUSINESS TRANSACTIONS, OTHER ASSOCIATION RELATIONSHIPS OR ANY OTHER RELATED ACTIVITIES. DIRECTORS WHO MAY BE THE SUBJECT OF A CONFLICT OF INTEREST WITH PRSM BUSINESS SHOULD REPORT IT TO THE BOARD AT THE EARLIEST APPROPRIATE TIME (USUALLY THE NEXT SCHEDULED BOARD MEETING). IF A DIRECTOR DOES NOT DO SO, THE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR ADDRESSING THIS ISSUE WITH THE RESPECTIVE BOARD MEMBER. OR, IF AN EXECUTIVE COMMITTEE MEMBER IS THE SUBJECT, THE BOARD WILL DETERMINE A RESOLUTION. A DIRECTOR SHOULD RECUSE HIMSELF/HERSELF FROM ANY VOTING OR BUSINESS DECISIONS THAT COULD CREATE A CONFLICT OF INTEREST. IT IS THE RESPONSIBILITY OF THE DIRECTOR TO ENSURE THAT HIS OR HER ABSTENTION IS RECORDED IN THE BOARD MINUTES. THE CONSEQUENCES FOR A BOARD MEMBER KNOWINGLY PARTICIPATING IN A SITUATION INVOLVING A CONFLICT OF INTEREST AND NOT DISCLOSING IT MAY SUBJECT THE DIRECTOR TO REMOVAL FROM OFFICE. THE BOARD WILL ADDRESS ANY POTENTIAL INSTANCES AT THEIR NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 15 SALARY ADMINISTRATION PROCESS STEPS: 1. DURING THE ANNUAL BUDGET PROCESS, RECOMMENDATIONS WILL BE MADE FOR SALARY INCREASES BASED ON GENERAL COST OF LIVING INCREASES FOR COMPARABLE POSITIONS, AND THE SALARY ADMINISTRATION GUIDELINES. 2. AT THE END OF EACH FISCAL YEAR, PERFORMANCE EVALUATIONS WILL BE COMPLETED FOR EACH PRSM STAFF MEMBER BY THE EXECUTIVE DIRECTOR OR IMMEDIATE SUPERVISOR. BASED ON THESE EVALUATIONS, THE RATINGS WILL BE USED TO ESTABLISH THE SALARY INCREASE AMOUNT FOR THE CURRENT YEAR. 3. SALARY INCREASES, WHEN WARRANTED, WILL BE EFFECTIVE ON OCTOBER 1. THIS DATE COINCIDES WITH THE BEGINNING OF THE FISCAL YEAR AND ENABLES ANY SALARY INCREASES TO BE RETROACTIVE TO THE BEGINNING OF THE FISCAL YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -166,621.