2012-06-08T14:48:15-05:00 2011-12-31 522057543 DROLET & ASSOCIATES PLLC 1901 L STREET NW 250 WASHINGTON DC 20036 990 2011-01-01 650617866 ASSOCIATION OF SMALL FOUNDATIONS ASSO 2025806560 1720 N STREET NW WASHINGTON DC 200362907 HENRY BERMAN 2025806560 2012-05-29 1 HOLLY CAPORALE P00235685 2028220717 2011 2016-02-24 21:20:13Z HENRY BERMAN 1720 N STREET NW WASHINGTON DC 200362907 3959782 0 X WWW.SMALLFOUNDATIONS.ORG X 1995 DE BUILD AND STRENGTHEN SMALL-FOUNDATION PHILANTHROPY. 13 13 25 425 7500 -3324 1196084 1069696 1881117 1732386 15352 9741 191358 258328 3283911 3070151 0 0 0 0 2058959 1770751 0 0 423345 2021888 1203439 4080847 2974190 -796936 95961 4220414 4086133 754833 870125 3465581 3216008 X THE ASSOCIATION OF SMALL FOUNDATIONS (ASF) ENHANCES THE POWER OF PHILANTHROPY BY PROVIDING DONORS, TRUSTEES, AND PROFESSIONALS WITH PEER-LEARNING OPPORTUNITIES, RESOURCES, AND A COLLECTIVE VOICE IN AND BEYOND THE PHILANTHROPIC COMMUNITY. ASF IS A NON-PROFIT CORPORATION INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE. ASF IS A MEMBERSHIP ORGANIZATION OF APPROXIMATELY 2,600 FOUNDATIONS WITH FEW OR NO STAFF. 0 0 1259127 170383 NETWORKING & CONNECTION: ASF PROVIDES OPPORTUNITIES FOR MEMBERS AND PROSPECTIVE MEMBERS TO NETWORK AND CONNECT THROUGH THE PRODUCTION OF EDUCATIONAL PROGRAMS, PEER LEARNING COHORTS, MEMBER ADVISORY COMMITTEES, OUR ON-LINE MEMBER DIRECTORY AND DISCUSSION LIST. WE ALSO LOOK FOR OPPORTUNITIES TO FACILITATE PEER-TO-PEER RELATIONSHIPS AMONG OUR MEMBERS. HIGHLIGHTS IN 2011 INCLUDE OUR FALL SEMINARS WHICH BROUGHT TOGETHER NEARLY 300 DONORS, TRUSTEES, AND STAFF OF FOUNDATIONS WITH FEW OR NO STAFF FOR UP TO THREE DAYS OF LEARNING AND CONNECTING, OUR MASTER JUGGLER RETREAT AND OUR LOCAL PROGRAMS, INFORMAL MEMBER GATHERINGS THAT HELP MEMBERS CONNECT WITH AND LEARN FROM OTHER SMALL FOUNDATIONS IN THEIR COMMUNITY. ASF LAUNCHED A PEER LEARNING COHORT IN 2011, BRINGING TOGETHER MEMBERS WITH A COMMON INTEREST IN MAXIMIZING THE IMPACT OF THEIR FOUNDATIONS. IN 2011 ASF LAUNCHED ITS TWITTER PRESENCE @ASF PHILANTHROPY. 576798 27800 LEARNING: ASF PROVIDES OPPORTUNITIES FOR MEMBERS AND PROSPECTIVE MEMBERS TO BECOME INCREASINGLY KNOWLEDGEABLE IN CORE TOPICS, INTENTIONALITY, AND LEADERSHIP THROUGH THE PRODUCTION OF EDUCATIONAL PROGRAMS, THE PUBLICATION OF WRITTEN MATERIALS AND A RICH LIBRARY OF ONLINE TOOLS AND RESOURCES ON TOPICS RELATED TO STARTING UP, FOUNDATION ADMINISTRATION, BOARDS AND GOVERNANCE, FAMILY PHILANTHROPY, GRANTMAKING, IMPACT AND EVALUATION, INVESTMENTS, AND TAX AND LEGAL ISSUES. HIGHLIGHTS INCLUDE "ESSENTIALS" OUR QUARTERLY PUBLICATION, PRIMERS AND TEAR SHEETS, OUR FALL SEMINARS, AND THE RELEASE OF NUMEROUS NEW RESOURCES ON TOPICS RANGING FROM GETTING TO IMPACT TO WORKING WITH CONSULTANTS. 341637 EDUCATIONAL OUTREACH: ASF DELIVERS INSTRUCTIONAL MATERIALS TO NUMEROUS FOUNDATIONS THAT ARE NOT OUR MEMBERS, WITH OUR TARGET AUDIENCE BEING ALL FOUNDATIONS WITH FEWER THAN 5 MEMBERS. THE MATERIALS WE DISTRIBUTE AND/OR PROVIDE TO NON-MEMBER FOUNDATIONS INCLUDE ARTICLES, TEAR SHEETS AND ACCESS TO ASF PROGRAMS AND EVENTS. 163295 MEMBER COMMITTEES (PREVIOUSLY, "BOARD"): ASF OPERATES MEMBER-DRIVEN ADVISORY COMMITTEES THAT DEVELOP STRATEGIES TO ADDRESS THE CHANGING NEEDS OF CHARITABLE FOUNDATIONS; SET ORGANIZATION POLICIES; GOVERN ASF; AND ASSESS, DESIGN AND REFINE ASF'S EDUCATIONAL PROGRAMS. 163295 2340857 1 1 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 23 0 1 25 1 1 1 0 0 0 0 0 0 0 0 0 X 13 13 0 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X X KATHRYN PETRILLO-SMITH 2025806560 1720 N STREET NW WASHINGTON DC 200362907 HEATHER L CARROLL 7.00 X X 0 0 0 FLOYD S KEENE 7.00 X X 0 0 0 JUANITA GARCIA 4.00 X X 0 0 0 THOMAS BLANEY 5.00 X X 0 0 0 KATHRYN BRADLEY 1.00 X 0 0 0 MARLENE J FLUHARTY 7.00 X 0 0 0 ELIOT P GREEN 2.00 X 0 0 0 ANNE GUNSTEENS 4.00 X 0 0 0 JANE LEIGHTY JUSTIS 4.00 X 0 0 0 CHRISTOPHER PETERMANN 3.00 X 0 0 0 GALI COOKS 5.00 X 0 0 0 JEAN BUCKLEY 1.00 X 0 0 0 SHIRISH DAYAL 4.00 X 0 0 0 PAUL SPIVEY 3.00 X 0 0 0 HENRY BERMAN 40.00 X 187880 0 36659 KATHRYN PETRILLO-SMITH 40.00 X 120750 0 25358 308630 0 62017 2 0 1 0 0 1069696 1069696 MEMBERSHIP DUES 900099 1534203 1534203 REGISTRATION FEES 900099 170383 170383 PUBLICATION SALES 900099 27800 27800 1732386 9741 9741 76282 76282 889631 889631 0 0 SUBLEASE INCOME 900099 174546 174546 ADVERTISING REVENUE 541800 7500 7500 182046 3070151 1732386 7500 260569 370647 293822 11561 65264 1085176 860245 33850 191081 126748 100476 3954 22318 81814 64856 2552 14406 106366 84319 3318 18729 1303 1303 71664 71664 256615 203864 927 51824 217443 179034 21131 17278 46194 45494 453 247 266393 200530 42623 23240 132437 125509 150 6778 143536 139593 507 3436 44595 27367 11149 6079 8880 5450 2220 1210 DUES AND PUBLICATIONS 12039 8131 2515 1393 TEMPORARY HELP 1885 1885 TAXES, LICENSES, & PERM 455 282 111 62 2974190 2340857 209988 423345 8047 41717 1171554 972771 520454 327563 4559 9299 9752 166978 100607 95363 66371 247389 852107 1502 1140 2162247 1814712 4220414 4086133 100809 100902 644774 756323 9250 12900 754833 870125 X 835878 1034365 2629703 2181643 3465581 3216008 4220414 4086133 X 95961 -345534 X X 0 1 1 X 0 X 1351818 2646476 1298584 1196084 1069696 7562658 1548239 1927273 1546020 1881117 1732386 8635035 2900057 4573749 2844604 3077201 2802082 16197693 575000 1795000 431000 255000 10000 3066000 82942 151645 234587 657942 1795000 582645 255000 10000 3300587 12897106 199319 311571 233891 200110 260569 1205460 199319 311571 233891 200110 260569 1205460 3500 3500 3102876 4885320 3078495 3277311 3062651 17406653 0.74090 0.69880 0.06930 0.06080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2974190 2974190 298710 74678 0 0 350261 334784 354042 298710 1337797 2006696 87565 83696 88511 74678 334450 501675 166978 100607 66371 66371 CERTIFICATES OF DEPOSIT 852107 F 852107 DONATED OFFICE SPACE RECEIVABLE 1810157 DEPOSITS 4555 1814712 TENANT SECURITY DEPOSITS 12900 12900 3070151 2974190 95961 -345534 -345534 -249573 3122872 52721 52721 3070151 0 3070151 3372445 398255 398255 2974190 0 2974190 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ASSOCIATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE, OR REFLECT, ANY UNCERTAIN TAX POSITIONS. AS OF DECEMBER 31, 2011, THE STATUTE OF LIMITATIONS FOR TAX YEARS 2008 THROUGH 2010 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION AND THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE ASSOCIATION FILES TAX RETURNS. PART XI, LINE 8 - OTHER ADJUSTMENTS: DONATED LEASE EXPENSE UNDER LONG TERM LEASE -345,534. X X X X X X 0 0 0 0 0 0 0 0 0 HENRY BERMAN 177880 0 10000 0 0 0 19550 0 17109 0 224539 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 IN FEBRUARY 2011, ASF AMENDED ITS BYLAWS TO CLARIFY THE MAXIMUM NUMBER OF BOARD MEMBERS. IN OCTOBER 2011, ASF AMENDED ITS BYLAWS TO CLARIFY THE QUALIFICATIONS FOR BOARD SERVICE. FORM 990, PART VI, SECTION A, LINE 6 ALL ASF MEMBERS HAVE VOTING RIGHTS, EACH MEMBER ORGANIZATION HAS ONE VOTE. THE GOVERNING BODY IS ELECTED BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THERE IS ONLY ONE CLASS OF MEMBERS AND THEIR RIGHTS ARE RESTRICTED TO ANNUALLY ELECTING THE BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 MEMBERS OF THE ASSOCIATION'S STAFF AND BOARD REVIEW THE FORM 990 CAREFULLY TO ENSURE ITS COMPLETENESS AND ACCURACY. FORM 990, PART VI, SECTION B, LINE 12C ASSOCIATION STAFF AND BOARD MEMBERS ARE REQUIRED ANNUALLY TO READ THE CONFLICT OF INTEREST POLICY AND AFFIRM THEIR COMPLIANCE IN WRITING. MATTERS OF CONFLICT ARE ADDRESSED INDIVIDUALLY BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE, WHICH IS ALSO THE COMPENSATION COMMITTEE, REVIEWS COMPENSATION DATA ON A YEARLY BASIS AND ESTABLISHES THE CEO'S CONTRACT. FORM 990, PART VI, SECTION C, LINE 19 ASF POSTS ITS FINANCIAL STATEMENTS, 990 FORMS, 1023 FORM AND IRS DETERMINATION LETTER ON ITS WEBSITE, FREELY AVAILABLE FOR DOWNLOADING. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DONATED LEASE EXPENSE UNDER LONG TERM LEASE -345,534. TOTAL TO FORM 990, PART XI, LINE 5: -345,534. FORM 990, PART XII, LINE 2C: THE AUDIT COMMITTEE OF THE BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEARS.