2012-11-14T13:41:49-06:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 510182830 HUMAN RESOURCE CERTIFICATION INSTITUTE HUMA 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 MARY POWER 7035483440 2012-11-14 1 FRANK H SMITH P00639053 2028225000 2012-11-14 2011 2016-02-24 21:20:13Z MARY POWER 1800 DUKE STREET ALEXANDRIA VA 223143499 34726333 0 X WWW.HRCI.ORG X 1979 DC ESTABLISH AND MAINTAIN PROFESSIONAL STANDARDS IN THE FIELD OF HUMAN RESOURCE MANAGEMENT. 14 14 50 303 6444 -66425 0 0 14088669 13087604 1148613 1155029 147706 117912 15384988 14360545 1000000 750000 0 0 3706905 3862621 0 0 0 7568040 7967665 12274945 12580286 3110043 1780259 36360662 34367629 5929749 5401323 30430913 28966306 THE HR CERTIFICATION INSTITUTE DEVELOPS AND DELIVERS CREDENTIALING PROGRAMS TO VALIDATE MASTERY IN THE FIELD OF HUMAN RESOURCE MANAGEMENT AND TO PROMOTE ORGANIZATIONAL EFFECTIVENESS. 0 0 8669167 0 13087604 THE HR CERTIFICATION 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, 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. 263357 75880 THE HR CERTIFICATION 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 HR CERTIFICATION 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. 9682524 1 0 0 0 0 0 0 0 0 0 1 1 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 0 1 12 0 1 50 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 14 14 0 1 0 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 HOWARD WINKLER SPHR 1.00 X X 0 0 0 MELANIE YOUNG SPHR GPHR 1.00 X X 0 0 0 SUSAN ALDRIDGE PHD 1.00 X 0 0 0 THOMAS W BELKER SPHR GPHR 1.00 X 0 0 0 KAREN BENNETT SPHR GPHR 1.00 X 0 0 0 RONNIE CHARLES SPHR GPHR 1.00 X 0 0 0 CLINTON GURNEY CPA 1.00 X 0 0 0 LYLE HANNA 1.00 X 0 0 0 GERLINDE HERRMANN CHRP GPHR 1.00 X 0 0 0 HANK JACKSON CPA 1.00 X 0 0 0 VIKESH MAHENDROO 1.00 X 0 0 0 SHAWN MOOD SPHR GPHR 1.00 X 0 0 0 CLARISSA A PETERSON SPHR GPHR 1.00 X 0 0 0 MARY POWER CAE CMP 37.50 X 294949 0 61548 BENNIE JOHNSON 37.50 X 152791 0 27716 LEE ANN EVANS 37.50 X 119291 0 17617 LINDA K ANGUISH 37.50 X 100757 0 39247 AMY S DUFRANE 37.50 X 148808 0 21650 816596 0 167778 5 0 1 0 PROMETRIC INC PO BOX 223608 PITTSBURGH PA 152512608 EXAMINATION FEES 2045390 SOCIETY FOR HUMAN RESOURCE MANAGEMENT 1800 DUKE STREET ALEXANDRIA VA 223143499 MANAGEMENT SERVICES 1107900 PROFESSIONAL EXAMINATION SERVICES 475 RIVERSIDE DRIVE NEW YORK NY 101150089 EXAMINATION FEES 745711 GAVIN LAW OFFICES PLC 2500 GASKINS ROAD SUITE B RICHMOND VA 23238 LEGAL SERVICES 273724 CYZAP 7811 L STREET SUITE 230 OMAHA NE 68127 PROJECT MGM'T, SUPPORT & MAINT. 271970 9 CERTIFICATION FEES 900099 13087604 13087604 13087604 763325 763325 2193 2193 20737695 20345991 391704 391704 391704 95677 19797 75880 69436 6444 MISCELLANEOUS 900099 39839 39839 39839 14360545 13157040 6444 1197061 750000 750000 486978 413931 73047 2427225 2063142 364083 270455 229887 40568 470567 399982 70585 207396 176287 31109 1107900 941715 166185 462728 462728 19455 19455 94424 94424 1754911 1157247 597664 597272 596103 1169 348695 178358 170337 439276 50627 388649 461980 279108 182872 99825 99825 TESTING FEES 1937828 1937828 0 FEES 445842 360148 85694 DUES & SUBSCRIPTIONS 173540 131156 42384 TEMPORARY HELP 16716 14209 2507 7273 2796 4477 12580286 9682524 2897762 0 2856326 9121068 1926951 22495 21230 26221 64784 16864 36569 529445 377037 190683 152408 22934785 24795749 3987088 4457118 61458 56494 36360662 34367629 1581883 2131062 3432281 2439044 915585 831217 5929749 5401323 X 30430913 28966306 30430913 28966306 36360662 34367629 X 1780259 -3244866 X 0 1 1 X 0 X 10351014 11781354 13252735 14199763 13157040 62741906 10351014 11781354 13252735 14199763 13157040 62741906 0 0 0 62741906 729999 863308 784110 618866 765518 3761801 729999 863308 784110 618866 765518 3761801 32156 35963 41689 31022 39839 180669 11113169 12680625 14078534 14849651 13962397 66684376 0.94090 0.94060 0.05640 0.05690 X 529445 377037 152408 152408 HEDGE FUNDS 2995854 F COMMODITIES FUND 839586 F REAL ESTATE FUNDS 621678 F 4457118 DUE TO AFFILIATES 831217 831217 14360545 12580286 1780259 -2414314 -265974 -564578 -3244866 -1464607 12508204 -2414314 636600 19797 -1757917 14266121 94424 94424 14360545 13142259 636600 19797 656397 12485862 94424 94424 12580286 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010, 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 8 - OTHER ADJUSTMENTS: PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST: -564,578. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,797. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 19,797. 1 SHRM FOUNDATION 1800 DUKE STREET ALEXANDRIA VA 22314 346610067 501(C)(3) 750000 N/A 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: THE SHRM FOUNDATION'S USE OF THE FUNDS GRANTED TO IT IN SUPPORT OF GENERAL OPERATIONS AS REPORTED TO THE BOARD OF THE HR CERTIFICATION INSTITUTE. 1 X X X X 0 0 0 0 0 1 0 1 0 MARY POWER CAE CMP 216653 0 77293 0 1003 0 58828 0 2720 0 356497 0 0 0 BENNIE JOHNSON 131080 0 21471 0 240 0 9025 0 18691 0 180507 0 0 0 AMY S DUFRANE 148467 0 0 0 341 0 3653 0 17997 0 170458 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 ORGANIZATION 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 35%. AFTER THE CALENDAR YEAR, THE BOARD OF DIRECTORS REVIEW ACTUAL RESULTS VERSUS THE GOALS AND APPROVE THE INCENTIVE COMPENSATION PAYMENTS. FOR 2011, THE HR CERTIFICATION INSTITUTE EXCEEDED ITS FINANCIAL GOAL AND PAID EMPLOYEES INCENTIVE COMPENSATION ON THEIR FINANCIAL RESULTS RANGING FROM .150% TO 2.00% OF EARNINGS. FORM 990, PART VI, SECTION A, LINE 3 THE HR CERTIFICATION 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 HR CERTIFICATION INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A THE HR CERTIFICATION INSTITUTE BYLAWS STATE THAT THE HR CERTIFICATION INSTITUTE BOARD OF DIRECTORS (WHICH SHALL BE COMPOSED OF BETWEEN 8 TO 18 BOARD MEMBERS) SHALL INCLUDE AS A VOTING MEMBER THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) PRESIDENT/CEO. THE HR CERTIFICATION INSTITUTE BOARD OF DIRECTORS SHALL BE NOMINATED BY THE HR CERTIFICATION INSTITUTE GOVERNANCE COMMITTEE AND ELECTED BY THE HR CERTIFICATION INSTITUTE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE HR CERTIFICATION INSTITUTE'S FEDERAL FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR OF THE HR CERTIFICATION INSTITUTE, THE COO, THE CFO AND THE ACCOUNTING STAFF OF THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM). SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990 RECEIVED FROM THE INDEPENDENT PUBLIC ACCOUNTING FIRM WHO CONDUCTS THE FINANCIAL STATEMENT AUDIT OF THE HR CERTIFICATION INSTITUTE. THE REVIEW INVOLVES COMPARISON OF FINANCIAL DATA IN THE FORM 990 WITH THE AUDITED FINANCIAL STATEMENTS AND THE BOOKS AND RECORDS OF THE HR CERTIFICATION 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 FORM 990 WITH THE INTERNAL REVENUE SERVICE, A COMPLETE COPY IS PROVIDED TO ALL VOTING MEMBERS OF THE HR CERTIFICATION 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 HR CERTIFICATION INSTITUTE ("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 OF OUR 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 BELOW. 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 HR CERTIFICATION INSTITUTE IS RECOMMENDED BY AN INDEPENDENT COMPENSATION CONSULTANT, THROUGH REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE HR CERTIFICATION 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 HR CERTIFICATION INSTITUTE WILL MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED 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: -2,414,314. PRIOR PERIOD ADJUSTMENTS: -265,974. PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST: -564,578. TOTAL TO FORM 990, PART XI, LINE 5: -3,244,866.