2012-07-16T08:50:31-05:00 2011-08-31 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2010-09-01 530026940 AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AMER 2026262723 1575 I STREET NW WASHINGTON DC 20005 JOHN H GRAHAM IV 2026262723 2012-07-16 1 DEBORAH G KOSNETT 2022932200 2010 2016-02-24 21:20:13Z JOHN H GRAHAM IV 1575 I STREET NW WASHINGTON DC 20005 31770620 0 X WWW.ASAECENTER.ORG X 1957 DC THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) IS AN INDIVIDUAL MEMBERSHIP ORGANIZATION OF MORE THAN 22,000 ASSOCIATION EXECUTIVES AND INDUSTRY PARTNERS REPRESENTING MORE THAN 11,000 ORGANIZATIONS. ITS MEMBERS MANAGE LEADING TRADE ASSOCIATIONS, INDIVIDUAL MEMBERSHIP SOCIETIES, AND VOLUNTARY ORGANIZATIONS ACROSS THE UNITED STATES AND IN 50 COUNTRIES AROUND THE GLOBE. OUR MEMBERS' ORGANIZATIONS REPRESENT SUCH ESSENTIAL INDUSTRIES AND PROFESSIONS AS HEALTH CARE, MANUFACTURING, BANKING, LAW, ENERGY, INSURANCE, AND THE LIST GOES ON. WE ARE ALSO A LEADING VOICE FOR THE NONPROFIT SECTOR, ADVOCATING FOR VOLUNTARY ORGANIZATIONS SO THAT THEY MAY CONTINUE TO IMPROVE THE QUALITY OF LIFE IN THE UNITED STATES. 22 10 161 1714 4921394 683111 780021 3816428 12024480 20469793 732603 771379 2729654 2951246 16266758 28008846 0 0 0 0 10587471 13376489 0 0 0 5535018 15617545 16122489 28994034 144269 -985188 36173464 38289514 13270298 15886623 22903166 22402891 X ASAE'S MISSION IS TO HELP ASSOCIATIONS AND ASSOCIATION PROFESSIONALS TRANSFORM SOCIETY THROUGH THE POWER OF COLLABORATION. WE ACCOMPLISH THIS BY FOSTERING A LEARNING COMMUNITY OF ASSOCIATION PROFESSIONALS, INDUSTRY PARTNERS, OUTSIDE THOUGHT LEADERS, AND OTHER STAKEHOLDERS WHO EMBRACE THIS VISION. IN FULFILLING ITS MISSION, ASAE HAS CREATED HUNDREDS OF PRODUCTS, SERVICES, PROGRAMS AND PUBLICATIONS THAT ENCOURAGE THE PROFESSIONAL GROWTH AND DEVELOPMENT OF ASSOCIATION EXECUTIVES. 1 1 PROFESSIONAL DEVELOPMENT -- ASAE OFFERS MORE THAN 100 LEARNING EXPERIENCES FOR ASSOCIATION PROFESSIONALS AND BUSINESS PARTNERS AT ALL EXPERIENCE LEVELS. THESE LEARNING PROGRAMS ARE HELD FACE-TO-FACE IN WASHINGTON, DC, AND IN LOCATIONS AROUND THE COUNTRY, AS WELL AS ONLINE. SIGNATURE PROGRAMS INCLUDE: GREAT IDEAS CONFERENCES; INVITATIONAL FORUM ON LEADERSHIP & MANAGEMENT; AND THE TECHNOLOGY CONFERENCE. MEETINGS/EXPO -- ASAE OFFERS TWO MAJOR CONVENTIONS ANNUALLY - THE ANNUAL MEETING AND SPRINGTIME EXPO - WITH APPROXIMATELY 200 SESSIONS WHERE MORE THAN 8,000 (CUMULATIVE) ASSOCIATION EXECUTIVES LEARN THE LATEST ASSOCIATION MANAGEMENT PRACTICES. SESSIONS OFFER CUTTING-EDGE INFORMATION NOT OFTEN FOUND ELSEWHERE, SUCH AS TECHNOLOGY APPLICATIONS TO IMPROVE PRODUCTIVITY AND MANAGEMENT, ETHICAL CHALLENGES, PREPARING MEMBERS TO PROSPER IN A GLOBAL MARKET, AND OTHER TOPICS. MEMBERSHIP - THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES (ASAE) IS THE MEMBERSHIP ORGANIZATION AND VOICE OF THE ASSOCIATION PROFESSION. FOUNDED IN 1920, ASAE CURRENTLY HAS MORE THAN 22,000 ASSOCIATION EXECUTIVES AND INDUSTRY PARTNERS REPRESENTING MORE THAN 11,000 ASSOCIATIONS THAT REPRESENT MORE THAN 287 MILLION PEOPLE AND ORGANIZATIONS WORLDWIDE. ITS MEMBERS MANAGE LEADING TRADE ASSOCIATIONS, INDIVIDUAL MEMBERSHIP SOCIETIES AND VOLUNTARY ORGANIZATIONS ACROSS THE UNITED STATES AND IN NEARLY 50 COUNTRIES AROUND THE WORLD. LEARNING CENTER FACILITY --ASAE OPERATES A LEARNING FACILITY IN WASHINGTON, DC THAT IS AVAILABLE FOR ORGANIZATIONS TO HOLD A VARIETY OF EVENTS. THE FACILITY IS ALSO USED FOR ASAE'S OWN EDUCATIONAL PROGRAMS. THE FACILITY IS LOCATED AT 1575 I STREET, NW AND IS A FULL-SERVICE MEETING FACILITY LOCATED A FEW BLOCKS FROM THE WHITE HOUSE. THE CONFERENCE CENTER ALSO PROVIDES AN EXCELLENT ENVIRONMENT FOR EDUCATIONAL SEMINARS, PRESENTATIONS, BOARD MEETINGS, STAFF TRAINING AND RETREATS, AND OTHER EVENTS. PUBLIC POLICY AND ADVOCACY - ASAE'S "POWER OF A" (ASSOCIATION) FUND IS THE CRITICAL PROGRAM THAT PROVIDES A NATIONAL VOICE FOR ASSOCIATIONS. A VOICE REPRESENTING THE COLLECTIVE POWER OF YOUR ORGANIZATION AND MANY OTHERS: THE POWER OF A FUND FIGHTS FOR ASSOCIATIONS IN CONGRESS, THE COURTS, REGULATORY AGENCIES AND OTHER KEY AUDIENCES.SUPPORT FOR THE POWER OF A FUND COMES FROM ASAE'S ANNUAL SUMMIT AWARDS DINNER. FOR ONE EVENING, THIS FUNDRAISING EVENT BRINGS TOGETHER ASSOCIATION EXECUTIVES, ELECTED OFFICIALS, AND BUSINESS AND INDUSTRY LEADERS TO CELEBRATE THE ASSOCIATION COMMUNITY'S ACCOMPLISHMENTS AND TRULY HONOR ITS BEST VOLUNTEER EFFORTS WITH PRESTIGIOUS SUMMIT AWARDS.YEAR AFTER YEAR, THE POWER OF A AWARDS PROGRAM IS ABLE TO HIGHLIGHT THE IMPORTANT ROLE ASSOCIATIONS PLAY IN SOLVING LOCAL AND NATIONAL CRISES, FOSTERING VOLUNTEERISM, AND DEVELOPING INITIATIVES FOR THE PUBLIC GOOD. THE AWARDS RECOGNIZE ASSOCIATIONS THAT CREATE POSITIVE CHANGE IN AMERICA AND THE WORLD. THROUGH THE POWER OF A AWARDS, ASAE RECOGNIZES ASSOCIATIONS THAT ENRICH LIVES, CREATE A COMPETITIVE WORKFORCE, PREPARE FOR THE FUTURE, DEVELOP INNOVATIVE SOLUTIONS TO PROBLEMS, AND MAKE A BETTER WORLD.ASAE'S FIVE-STAR WEEKEND ALSO SUPPORTS ASAE'S POWER OF A FUND. THE POWER OF A FUND SERVES AS THE BACKBONE OF ASAE'S PUBLIC POLICY PROGRAMS BY SUPPORTING LOBBYING, COALITION-BUILDING, GRASSROOTS NETWORKING AND LEGAL COUNSEL. THIS EVENT SERVES AS AN ANNUAL NETWORKING AND PROFESSIONAL DEVELOPMENT OPPORTUNITY FOR ASSOCIATION EXECUTIVES AND INDUSTRY PARTNERS. SECTIONS & ALLIED SOCIETIES - ASAE HAS 14 SECTIONS OR PROFESSIONAL INTEREST GROUPS, PROVIDING A COMMUNITY FOR NEARLY EVERY SUB-SPECIALTY WITHIN ASSOCIATION MANAGEMENT. EACH GROUP IS GOVERNED BY A SEPARATE COUNCIL THAT DETERMINES THE PRODUCTS AND SERVICES FOR ITS MEMBERS. TYPICAL OFFERINGS INCLUDE MONTHLY EDUCATIONAL SESSIONS, A NEWSLETTER, NETWORKING DIRECTORY, DEVELOPMENT OF SPECIAL SESSIONS AT MAJOR MEETINGS DEVOTED TO THEIR INTEREST, AND OTHER TECHNICAL PUBLICATIONS. INFORMATION SALES - ASAE PUBLISHES A WIDE VARIETY OF BOOKS ON ASSOCIATION MANAGEMENT TOPICS, INCLUDING MARKETING, COMMUNICATIONS, MEMBERSHIP, FINANCE, VOLUNTEER MANAGEMENT, CONVENTIONS, MEETINGS, AND EDUCATION. MANY SURVEYS ARE ALSO PUBLISHED, INCLUDING THE ASSOCIATION EXECUTIVE COMPENSATION STUDY, POLICIES & PROCEDURES, OPERATING RATIO REPORT, AND ASSOCIATION TECHNOLOGY TRENDS. RESEARCH - ASAE'S RESEARCH ADVANCES KNOWLEDGE IN NONPROFIT MANAGEMENT BY PROVIDING RESOURCES THAT WILL HELP LEADERS FOCUS ON CRITICAL FACTORS TO ENHANCE THEIR ORGANIZATIONS. ASAE IMPLEMENTS AND FACILITATES THE APPLICATION OF RESEARCH FINDINGS BY EXECUTIVES AND BOARDS THROUGH RIGOROUSLY DESIGNED SECONDARY, QUALITATIVE AND QUANTITATIVE METHODS.ASAE COLLECTS AND AGGREGATES SURVEY DATA TO HELP ITS MEMBERS INCREASE THEIR OPERATIONAL EFFICIENCY. BENCHMARKING PUBLICATIONS INCLUDE COMPENSATION, POLICIES AND PROCEDURES, OPERATING RATIOS AND MORE.ASAE CONDUCTS AN ANNUAL MEMBER NEEDS ASSESSMENT, LEARNING PROGRAM EVALUATIONS AS WELL AS DATA MINING TO HELP ASAE SERVE EACH MEMBER. ASAE HELPS NONPROFIT ORGANIZATIONS BY ASSISTING THEM IN GATHERING MARKET INTELLIGENCE OF THEIR OWN MEMBERS, EITHER BY SURVEY QUESTION SHARING OR DATA ANALYSIS PROJECTS.ASAE CONNECTS NONPROFIT ORGANIZATIONS FROM AROUND THE WORLD TO ALLOW ORGANIZATIONS TO BENCHMARK AGAINST EACH OTHER AND FACILITATE RESEARCH OF ASSOCIATION'S MEMBERS. ASAE HAS PRODUCED THOUGHT-PROVOKING RESEARCH ON MEMBERSHIP, VOLUNTEERISM, FUNDRAISING AND THE ECONOMY. CERTIFIED ASSOCIATION EXECUTIVE - THE CERTIFIED ASSOCIATION EXECUTIVE (CAE) PROGRAM, THE ONLY CERTIFICATION PROGRAM FOR ASSOCIATION EXECUTIVES, IS DESIGNED TO ELEVATE PROFESSIONAL STANDARDS, ENHANCE INDIVIDUAL PERFORMANCE, AND DESIGNATE ASSOCIATION PROFESSIONALS WHO DEMONSTRATE THE KNOWLEDGE ESSENTIAL TO THE PRACTICE OF ASSOCIATION MANAGEMENT. FOUNDED IN 1960, THE CAE PROGRAM STANDS AS A MARK OF EXCELLENCE AND HAS EVOLVED TO REFLECT WHAT IT TAKES TO MANAGE AN ASSOCIATION IN TODAY'S CHALLENGING CLIMATE.EARNING AND MAINTAINING THE CAE IS A THREE-PART PROCESS. CANDIDATES MUST FIRST MEET ELIGIBILITY REQUIREMENTS AND SUBMIT AN APPLICATION. THE NEXT STEP IS TO SIT FOR AND PASS THE CAE EXAM. ONCE A CANDIDATE HAS EARNED THE CREDENTIAL THEY MUST MAINTAIN IT BY FULFILLING CERTIFICATION RENEWAL REQUIREMENTS EVERY THREE YEARS.ASAE'S CERTIFIED ASSOCIATION EXECUTIVE (CAE) PROGRAM HAS BEEN GRANTED ACCREDITATION BY THE NATIONAL COMMISSION FOR CERTIFYING AGENCIES (NCCA). NCCA ACCREDITATION PROVIDES INDEPENDENT VALIDATION THAT THE CAE PROGRAM MEETS OR EXCEEDS TWENTY-ONE STANDARDS CONCERNING VARIOUS ASPECTS OF THE CERTIFICATION PROGRAM INCLUDING ITS PURPOSE, STRUCTURE, GOVERNANCE, PSYCHOMETRIC FOUNDATION, POLICIES AND PROCEDURES. ACCREDITATION VALIDATES THE INTEGRITY OF THE PROGRAM, AND IS A MARK OF QUALITY. EARNING ACCREDITATION IS A PUBLIC DEMONSTRATION OF ASAE AND THE CAE COMMISSION'S COMMITMENT TO THE CAE CREDENTIAL AS A TRUE PROFESSIONAL CERTIFICATION. DIVERSITY - IN PRINCIPLE AND IN PRACTICE, ASAE VALUES AND SEEKS DIVERSE AND INCLUSIVE PARTICIPATION WITHIN THE FIELD OF ASSOCIATION MANAGEMENT. ASAE PROMOTES INVOLVEMENT AND EXPANDED ACCESS TO LEADERSHIP OPPORTUNITY REGARDLESS OF RACE, ETHNICITY, GENDER, RELIGION, AGE, SEXUAL ORIENTATION, NATIONALITY, DISABILITY, APPEARANCE, GEOGRAPHIC LOCATION, OR PROFESSIONAL LEVEL. THE ORGANIZATION PROVIDES LEADERSHIP AND COMMITS TIME AND RESOURCES TO ACCOMPLISH THIS OBJECTIVE WHILE SERVING AS A MODEL TO OTHER ASSOCIATIONS ENGAGED IN SUCH ENDEAVORS.ASAE'S LONG-TERM GOAL IS TO ENSURE THAT ITS MEMBERSHIP, VOLUNTEER LEADERSHIP, AND STAFF REPRESENT A STRONG, VIBRANT, AND EVOLVING MODEL OF DIVERSITY AND INCLUSION FOR THE ASSOCIATION COMMUNITY. THE ORGANIZATION IS COMMITTED TO CREATING AND INFLUENCING A MODEL OF INCLUSIVE BEHAVIORS AND FOR SETTING A TONE AND CULTURE THAT EMBRACE DIVERSITY.THE DIVERSITY EXECUTIVE LEADERSHIP PROGRAM (DELP) SUPPORTS INDIVIDUALS FROM UNDER-REPRESENTED IDENTITY GROUPS IN THE ASSOCIATION COMMUNITY, TO ADVANCE INTO THE RANKS OF LEADERSHIP IN THE ASSOCIATION PROFESSION. DELP SCHOLARS PARTICIPATE IN AN ACCELERATED LEADERSHIP PROGRAM OF EDUCATION, MENTORING AND VOLUNTEER SERVICE IN THE ASSOCIATION COMMUNITY. THE GOALS OF DELP ARE:- TO PROVIDE SUPPORT, EDUCATION, ACCESS AND SERVICE OPPORTUNITIES TO INDIVIDUALS FROM IDENTITY GROUPS (I.E. PEOPLE OF COLOR, LESBIAN/GAY/BISEXUAL/TRANSGENDER, PEOPLE WITH DISABILITIES) WHO ARE UNDER-REPRESENTED IN THE ASSOCIATION COMMUNITY - TO PROVIDE SCHOLARS WITH A MENTOR, GROUP COACHING, AND VOLUNTEER EXPERIENCES TO ENHANCE THEIR CAREER DEVELOPMENT AND EXPAND THEIR PROFESSIONAL NETWORKS - TO ENCOURAGE MORE DIVERSE CANDIDATES TO ASSUME LEADERSHIP ROLES IN ASSOCIATION MANAGEMENT - TO DEVELOP A MORE DIVERSE LEADERSHIP POOL FOR THE ASSOCIATION PROFESSION - TO DEMONSTRATE THE LONG-TERM BENEFIT OF THE PROGRAM TO THE SCHOLARS, ASAE AND TO THE ASSOCIATION PROFESSION. ASSOCIATIONS NOW AND NEWSLETTERS-'ASSOCIATIONS NOW,' THE AWARD-WINNING MONTHLY MAGAZINE (CIRCULATION 22,000+), PROVIDES ARTICLES ON CURRENT TOPICS OF INTEREST TO ASSOCIATION EXECUTIVES. AUTHORS ARE GENERALLY ASSOCIATION EXECUTIVES WHO HAVE PARTICULAR EXPERTISE TO SHARE. ARTICLES ARE A MIX OF "HOW TO" ARTICLES WITH CASE STUDIES AND THOUGHT PIECES. THE ASSOCIATION ALSO PUBLISHES 14 ELECTRONIC NEWSLETTERS (SOME MONTHLY, SOME BIMONTHLY, AND SOME QUARTERLY) MEETING THE SPECIAL INTEREST OF MEMBERS, AS WELL AS PRODUCING A VARIETY OF ONLINE-ONLY AND NEW-MEDIA CONTENT FOCUSED ON ISSUES OF CONCERN TO ASSOCIATION LEADERS AND EXECUTIVES. 0 1 1 1 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 1 0 0 0 1 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 115 0 1 161 1 1 1 0 0 0 1 1 0 X 22 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 1 1 X HEIDI ROBEY 2026262723 1575 I STREET NW WASHINGTON DC 20005 KAREN L HACKETT FACHE CAE 2.00 X X 0 0 0 VELMA R HART CAE 2.00 X 0 0 0 PETER J O'NEIL CAE 2.00 X 0 0 0 JOSEPH M MCGUIRE CAE 2.00 X X 0 0 0 SUSAN MOSELEY 2.00 X 0 0 0 ROBIN LOKERMAN FASAE CCM 2.00 X 0 0 0 LARRY D ALEXANDER 2.00 X 0 0 0 STEVEN Z BERGER 2.00 X 0 0 0 SHANNON S CARTER MA CAE 2.00 X 0 0 0 MATTHEW R D'UVA CAE 2.00 X 0 0 0 ABE ESHKENAZI CSCP FACHE CPA CAE 2.00 X 0 0 0 PAUL GANNON 2.00 X 0 0 0 JACK HORNE 2.00 X 0 0 0 AGATHA DAVIS JOHNSON MA CAE 2.00 X 0 0 0 RANDY L LINDNER MHSA CAE 2.00 X 0 0 0 LISA J MULLINGS ESQ CAE 2.00 X 0 0 0 PATRICK J NATALE PE CAE 2.00 X 0 0 0 SUSAN K NEELY CAE 2.00 X 0 0 0 ARLENE A PIETRANTON CAE 2.00 X 0 0 0 ANTOINETTE A SAMUEL MPA CAE 2.00 X 0 0 0 ANN T TURNER PHD CAE 2.00 X 0 0 0 RICHARD YEP CAE 2.00 X 0 0 0 JOHN GRAHAM 38.00 X 827851 0 328483 HEIDI ROBEY 38.00 X 153020 3123 26526 JAMES CLARKE 40.00 X 269216 0 51876 ANNE BLOUIN 40.00 X 173648 0 29464 REGINALD HENRY 38.00 X 170915 0 38097 ROBERT SKELTON 38.00 X 168824 0 51125 KARL ELY 40.00 X 166489 0 41080 RONALD MCNALLY 36.00 X 160011 0 31961 SUSAN ROBERTSON 24.00 X 216343 144629 48062 DIXIE ARTHUR 0.00 X 0 253980 40362 GRETA KOTLER 40.00 X 179860 0 37639 MONICA DIGNAM 30.00 X 48407 112951 38996 JOHN LEE IV 38.00 X 147702 0 18042 GREGORY MELIA 40.00 X 128029 0 18816 SUSAN SARFATI 0.00 X 0 357844 0 2810315 872527 800529 18 1 1 0 LEVY PREMIUM FOODSERVICE LP 701 CONVENTION PLAZA ST LOUIS MO 63101 FOOD & BERVERAGE SERVICES 426852 ROYLE PRINTING 745 S BIRD STREET SUN PRAIRIER WI 53590 PRINTING SERVICES 367646 THE SIGNATURE GROUP INC 8229 BOONE BLVD SUITE 820 VIENNA VA 22182 IT CONSULTING & SERVICES 349306 RESULTS DIRECT 5210 E WILLIAMS CIRCLE SUITE 640 TUCSON AZ 85711 WEB CONSULTING & SERVICES 338737 APTIFY 7900 WESTPARK DRIVE ATRIUM 5TH FL TYSONS CORNER VA 22102 IT CONSULTING & SERVICES 318293 20 592516 3223912 3816428 MEETINGS, EXPOS, EDUCT 900099 11687930 11289640 398290 MEMBERSHIP 900099 4751058 4751058 PERIODICALS/PUBLICATIO 541800 3627749 398940 3228809 AWARDS & PROF. CERTIFI 900099 326666 326666 MISCELLANEOUS PROGRAMS 900099 74990 74990 1400 1400 20469793 390754 125110 265644 1096996 1096996 1052887 1052887 1052887 451168 601719 3269592 2888967 380625 380625 363461 17164 406986 592516 705900 -298914 -298914 829314 166907 662407 662407 WEB SITE LISTINGS 541800 354556 354556 MAILING LIST RENTALS 900099 83314 83314 437870 28008846 17505101 4921394 1765923 2968304 7608962 624497 1460492 714234 127284 63018 21200 3020579 18695 56153 2344017 701067 3580256 735207 49136 TAXES, UBIT, BOOK BASIS 593733 PROFESSIONAL FEES 2520863 MISCELLANEOUS 1641907 CONTRACT SALARIES 1006416 BAD DEBT 365005 -1226991 28994034 -293640 -708412 3368835 2031000 945173 2811529 9710538 8843467 219786 279301 361512 678695 7793544 3999306 4366145 3794238 13921672 15741338 3570067 4814058 3376 4300 36173464 38289514 2712325 3249010 3084175 4620561 7473798 8017052 13270298 15886623 X 22799062 22373790 79104 4101 25000 25000 22903166 22402891 36173464 38289514 X -985188 484913 X X 0 1 1 X 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ASAE POLITICAL ACTION COMMITTEE 1575 EYE ST NW WASHINGTON DC 20005 521746813 0 0 0 0 1 4751058 732293 -1362417 -630124 705532 -1335656 PART IV, SUPPLEMENTAL INFORMATION: PART I-C: ASAE HAS A POLITICAL ACTION COMMITTEE, BUT DOES NOT COLLECT ANY CONTRIBUTIONS THEREFOR - THE PAC IS RESPONSIBLE FOR ITS OWN FUNDRAISING ACTIVITIES. ASAE DOES PAY SOME PERMITTED ADMINISTRATIVE EXPENSES OF THE PAC; THESE ARE INCLUDED IN THE LOBBYING EXPENDITURE TOTAL IN PART III-B, LINE 2A. 25000 25000 25000 25000 25000 25000 0.00000 1.00000 0.00000 0 0 4263750 1423138 2840612 3529794 2576168 953626 3794238 INVESTMENTS HELD TO FUND DEFERRED COMPENSATION 2793797 F INVESTMENT IN ABSI 2020261 F 4814058 DEFERRED COMPENSATION 2793797 DEFERRED INCOME TAXES 2500000 DEFERRED RENT 1606700 DEFERRED RENOVATION REBATE 1116555 8017052 28008846 28994034 -985188 513463 -28550 484913 -500275 29366566 513463 1910689 2424152 26942414 1066432 1066432 28008846 29866841 872807 872807 28994034 0 28994034 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE AWARD, NAMED FOR THE AMERICAN SOCIETY OF MECHANICAL ENGINEER'S (ASME'S) EXECUTIVE DIRECTOR, DAVID L. BELDEN, PH.D., WHO RECENTLY RETIRED AFTER 15 YEARS OF SERVICE, WILL INCLUDE A SCHOLARSHIP FOR A CHIEF EXECUTIVE AND A CHIEF ELECTED OFFICER OF AN ENGINEERING SOCIETY TO ATTEND ONE OF ASAE'S CEO SEMINARS EACH YEAR. THE RECIPIENT OF THE AWARD WILL BE CHOSEN BY A PANEL OF REPRESENTATIVES FROM ENGINEERING SOCIETIES, TO BE DETERMINED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. THE FISCAL YEARS ENDING AUGUST 31, 2008 THROUGH 2011 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN SUBSIDIARIES 1,037,882. TAX BASIS PARTNERSHIP REVENUE -1,066,432. PART XII, LINE 2D - OTHER ADJUSTMENTS: EQUITY IN SUBSIDIARY AND LIMITED PARTNERSHIP EXCESS DISTRIBUTION 1,037,882. COST OF GOODS SOLD 166,907. SPECIAL EVENT EXPENSE 705,900. PART XII, LINE 4B - OTHER ADJUSTMENTS: PASSTHROUGH RENTAL AND INTEREST FROM PARTNERSHIP K-1 1,066,432. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 166,907. SPECIAL EVENT EXPENSE 705,900. NORTH AMERICA 0 0 PROGRAM SERVICE INVITATIONAL FORUM ON LEADERSHIP & MANAGEMENT 102323 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICE STUDY MISSION TO BEIJING & SHANGHAI 61036 0 0 0 163359 0 163359 0 0 0 0 0 0 SUMMIT AWARDS DINNER 605096 460721 144375 0 0 83156 123609 0 111172 FIVE STAR EVENT 394406 131795 262611 0 24387 0 112972 250604 999502 592516 406986 24387 83156 236581 361776 705900 -298914 X X X X 1 1 X X X X X 1 1 0 JOHN GRAHAM 574666 0 138000 0 115185 0 285434 0 54132 0 1167417 0 0 0 HEIDI ROBEY 147349 3007 1960 40 3711 76 21776 444 5816 5816 180612 9383 0 0 JAMES CLARKE 257100 0 0 0 12116 0 29400 0 28089 0 326705 0 0 0 ANNE BLOUIN 155512 0 0 0 18136 0 21002 0 10616 0 205266 0 0 0 REGINALD HENRY 169911 0 0 0 1004 0 21176 0 19721 0 211812 0 0 0 ROBERT SKELTON 168281 0 0 0 543 0 26495 0 27297 0 222616 0 0 0 KARL ELY 165962 0 0 0 527 0 20936 0 23816 0 211241 0 0 0 RONALD MCNALLY 159120 0 0 0 891 0 19469 0 14964 0 194444 0 0 0 SUSAN ROBERTSON 179159 119839 33530 22354 3654 2436 22770 15180 8477 5652 247590 165461 0 0 DIXIE ARTHUR 0 251994 0 0 0 1986 0 29400 0 13350 0 296730 0 0 GRETA KOTLER 174978 0 0 0 4882 0 21670 0 17245 0 218775 0 0 0 MONICA DIGNAM 43156 100698 0 0 5251 12253 6008 14018 6201 14468 60616 141437 0 0 JOHN LEE IV 147102 0 0 0 600 0 16842 0 2756 0 167300 0 0 0 SUSAN SARFATI 0 0 0 0 0 357844 0 0 0 0 0 357844 0 43000 PART I, LINE 1A CEO'S CONTRACT INCLUDES SPOUSE TRAVEL, FIRST CLASS TRAVEL FOR FLIGHTS IN EXCESS OF 4 HOURS (ALTHOUGH THIS IS SELDOM USED), LOCAL SOCIAL CLUB DUES FOR BUSINESS MEETINGS AND LUNCHES, AND TAX GROSS-UP ON SPECIFIC BENEFIT ITEMS. PART I, LINES 4A-B SUSAN SARFATI: SEVERANCE PAY, $243,707 SUSAN SARFATI: 457B DISTRIBUTION, $43,000 ASAE CEO JOHN GRAHAM: SERP FUNDING, $263,685 LARRY ALEXANDER PRESIDENT AND CEO OF DETROIT METRO CVB, AN ASAE INDUSTRY PARTNER 225000 SPONSORSHIPS, ADVERTISING AND EXHIBIT REVENUE: $225,000 TO ASAE 0 PAUL GANNON BOARD MEMBER AND VP MARKETING OF TMA RESOURCES, AN ASAE INDUSTRY PARTNER 275000 SPONSORSHIPS, ADVERTISING AND EXHIBIT REVENUE: $275,000 IN TOTAL TO ASAE AND ASAE FOUNDATION 0 JACK HORNE BOARD MEMBER AND VP SALES FOR HYATT HOTELS AND RESORTS 133300 TOTAL OF $133,300 TO ASAE AND ASAE FOUNDATION, FOR DIVERSITY INITIATIVE FUNDING 0 ROBIN LOKERMAN BOARD MEMBER AND CEO-INSTITUTIONAL DIV, MCI GROUP 170715 INTERNATIONAL STUDY MISSION CONSULTING SERVICES 0 ASAE FOUNDATION COMMON BOARD MEMBERS 0 PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN THE ASAE AND ASAE FOUNDATION 0 0 THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AND ASAE FOUNDATION ARE SECTION 501(C) ORGANIZATIONS THAT SHARE BOARD MEMBERS. SOME ASAE OFFICERS AND BOARD MEMBERS ARE ALSO OFFICERS AND/OR BOARD MEMBERS OF ASAE FOUNDATION. PLEASE SEE SCHEDULES L AND R FOR ADDITIONAL INFORMATION REGARDING BUSINESS TRANSACTIONS BETWEEN THE TWO ENTITIES. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 AS PART OF A COMPREHENSIVE PROGRAM REALIGNMENT, SEVERAL PROGRAMS WERE SHIFTED TO ASAE FROM ASAE FOUNDATION, A RELATED ENTITY, INCLUDING ASAE FOUNDATION'S SPRINGTIME, SPONSORSHIP AND CENTER U/ANNUAL EDUCATION PROGRAMS; AS WELL AS CERTAIN KNOWLEDGE AND COMMUNITY-BASED ACTIVITIES. THE REALIGNMENT WAS A FAIR MARKET VALUE EXCHANGE, UTILIZING 3RD PARTY VALUATIONS. DURING THE YEAR, ASAE ALSO PURCHASED THE ASSETS OF THE "CONVENE GREEN ALLIANCE," AN ORGANIZATION WITH A MISSION TO PROVIDE EDUCATION, SHARE REAL-WORLD EXPERIENCES, AND LEVERAGE THE COLLECTIVE VOICE AND BUYING POWER OF ITS MEMBERS TO LESSEN THE ENVIRONMENTAL IMPACT OF ASSOCIATIONS AND THE MEETINGS AND EVENTS THEY SPONSOR. ASAE WILL BE ADMINISTERING THE ALLIANCE ON AN ONGOING BASIS. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 AS PART OF A COMPREHENSIVE PROGRAM REALIGNMENT, SEVERAL PROGRAMS WERE SHIFTED FROM ASAE TO THE ASAE FOUNDATION, A RELATED ENTITY, INCLUDING RESEARCH ACTIVITIES FORMERLY CONDUCTED BY ASAE (EXCEPT FOR CERTAIN ASAE MARKET RESEARCH ACTIVITIES). THE REALIGNMENT WAS A FAIR MARKET VALUE EXCHANGE, UTILIZING 3RD PARTY VALUATIONS. FORM 990, PART VI, SECTION A, LINE 1 LINE 1A: ASAE HAS A EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE OFFICERS OF ASAE AND THE CHAIRMAN OF ASAE BUSINESS SERVICES, INC. IT MAY ACT IN THE PLACE OF THE BOARD OF DIRECTORS WHEN AUTHORITY IS DESIGNATED BY THE BOARD OR IN EMERGENCY MATTERS WHERE EXECUTIVE COMMITTEE ACTION IS TEMPORARY AND SUBJECT TO RATIFICATION BY THE BOARD. LINE 1B: MANY OF THE BOARD MEMBERS OF ASAE ARE ALSO BOARD MEMBERS OF A RELATED SECTION 501(C)(3) ENTITY, ASAE FOUNDATION. AS SUCH, THOSE BOARD MEMBERS TECHNICALLY ARE NOT INDEPENDENT, AS ASAE FOUNDATION IS CONSIDERED TO BE "AN ENTITY MORE THAN 35% OWNED" AND IS THEREFORE AN "INTERESTED PERSON" FOR SCHEDULE L REPORTING PURPOSES. PLEASE SEE SCHEDULES L AND R FOR MORE INFORMATION. FORM 990, PART VI, SECTION A, LINE 6 REGULAR MEMBERSHIP. REGULAR VOTING MEMBERSHIP IS LIMITED TO QUALIFIED INDIVIDUALS WHO PAY APPLICABLE DUES ESTABLISHED BY THE BOARD OF DIRECTORS AND MEET THE CRITERIA FOR ONE OF THE FOLLOWING CLASSES OF REGULAR VOTING MEMBERSHIP: (A) CHIEF EXECUTIVE (B) PROFESSIONAL STAFF (C) INDUSTRY PARTNER (D) CONSULTANT NON-VOTING MEMBERSHIPS. THE BOARD OF DIRECTORS MAY ESTABLISH OTHER MEMBERSHIP CLASSES THAT HAVE NO VOTE AND THAT ARE INELIGIBLE TO SERVE AS DIRECTORS OR OFFICERS. LIFE AND HONORARY MEMBERSHIP. LIFE AND HONORARY MEMBERSHIP WITHOUT VOTING RIGHTS MAY BE CONFERRED UPON INDIVIDUALS UNDER TERMS THE BOARD OF DIRECTORS DETERMINES. FORM 990, PART VI, SECTION A, LINE 7A FOUR CANDIDATES FOR DIRECTOR-AT-LARGE (PLUS ONE MORE WHEN AN INDUSTRY PARTNER BOARD SEAT IS OPEN) AND ONE CANDIDATE FOR SECRETARY-TREASURER ARE NOMINATED BY THE LEADERSHIP COMMITTEE EACH YEAR. THE MEMBERSHIP IS GIVEN AT LEAST 30 DAYS TO PROVIDE ADDITIONAL NOMINATIONS, WHICH MUST BE SUPPORTED BY A WRITTEN PETITION SIGNED BY AT LEAST 2-1/2 PERCENT OF VOTING MEMBERS OF ASAE. IF THERE ARE NOMINEES BY PETITION, THE LEADERSHIP COMMITTEE SUBMITS A BALLOT TO THE VOTING MEMBERS AT LEAST 60 DAYS BEFORE THE END OF THE FISCAL YEAR IDENTIFYING THOSE NOMINATED BY THE COMMITTEE AND THOSE NOMINATED BY PETITION. IF THERE ARE NO NOMINEES BY PETITION, THE NOMINEES OF THE LEADERSHIP COMMITTEE ARE AUTOMATICALLY ELECTED. MEMBERS OF THE LEADERSHIP COMMITTEE ARE APPOINTED BY ASAE'S CHAIRMAN, WITH THE APPROVAL OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B ASAE'S BYLAWS ARE AMENDED BY THE BOARD OF DIRECTORS UPON A TWO-THIRDS VOTE, PROVIDED 60 DAYS' ADVANCE NOTICE IS PROVIDED TO THE REGULAR VOTING MEMBERS, AND IS INCLUDED IN AN ASAE MEMBERSHIP PUBLICATION, SUCH AS ASSOCIATIONS NOW MAGAZINE. MEMBERS MAY ALSO VOTE ON OTHER MATTERS PRESENTED TO THE MEMBERSHIP BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11 THE 990 RETURNS ARE PREPARED BY THE 3RD PARTY PREPARER WORKING WITH THE CFO AND DIRECTOR OF FINANCE. ONCE THE CFO IS COMFORTABLE WITH THE COMPLETENESS AND ACCURACY OF THE DOCUMENT, IT IS PROVIDED TO THE CEO FOR REVIEW AND IS UPLOADED INTO A SECURE RESTRICTED LOCATION WITHIN THE ORGANIZATION'S ONLINE SYSTEM SHAREPOINT FOR A PERIOD OF NOT LESS THAN 5 DAYS PRIOR TO FILING. BOARD MEMBERS ARE NOTIFIED THAT THIS DOCUMENT IS AVAILABLE, FOR HOW LONG AND WHEN THE RETURN WILL BE FILED. THE RETURN WILL BE FILED AS PRESENTED IF NO FURTHER ADJUSTMENTS ARE WARRANTED. THE BOARD WILL RECEIVE NOTIFICATION OF ANY ADDITIONAL CHANGES PRIOR TO FILING. THE RETURN IS THEN SIGNED BY THE CEO AND FILED APPROPRIATELY. FORM 990, PART VI, SECTION B, LINE 12C EACH BOARD MEMBER AND EXECUTIVE STAFF MEMBER IS REQUIRED TO ANNUALLY COMPLETE AND SUBMIT A DISCLOSURE FORM DETAILING ANY SUCH 'OTHER INTERESTS.' SUCH INDIVIDUAL ALSO MUST UPDATE THE DISCLOSURE FORM IF ANY MATERIAL CHANGES OR ADDITIONS TO THE SUBMITTED INFORMATION ARISE DURING THE COURSE OF THE YEAR. A CHECKLIST IS MAINTAINED AND FOLLOW UP IS DONE UNTIL ALL FORMS ARE RETURNED. ONCE ALL FORMS ARE RECEIVED, THE CEO REVIEWS THE DISCLOSURES. ANY AFFIRMATIVE RESPONSE DEEMED UNUSUAL OR WHICH MAY APPEAR TO CONSTITUTE AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST IS REFERRED TO THE AUDIT COMMITTEE FOR DETERMINATION. THE AUDIT COMMITTEE MAY SEEK THE GUIDANCE OF COUNSEL AND MAKE SUCH DETERMINATION WITHOUT THE PRESENCE OF THE INDIVIDUAL WHOSE INVOLVEMENT IN SUCH TRANSACTION OR RELATIONSHIP IS UNDER CONSIDERATION. THE AUDIT COMMITTEE MAY CONCLUDE THAT THIS DETERMINATION SHOULD BE MADE BY THE FULL BOARD OF DIRECTORS OF ASAE, ASAE FOUNDATION, OR ABSI, AND REFER THE MATTER TO THE APPROPRIATE BOARD (WITH OR WITHOUT A RECOMMENDATION FROM THE AUDIT COMMITTEE) FOR ITS CONSIDERATION, DELIBERATION AND RESOLUTION, WITH THE ASSISTANCE OF LEGAL COUNSEL AND WITHOUT THE PRESENCE OF THE INDIVIDUAL WHOSE INVOLVEMENT IN SUCH TRANSACTION OR RELATIONSHIP IS UNDER CONSIDERATION. THE APPROPRIATE BOARD SHALL HAVE FINAL AUTHORITY OVER THE RESOLUTION OF ALL CONFLICT OF INTEREST MATTERS INVOLVING THE MEMBERS OF SUCH BOARD. IF THE AUDIT COMMITTEE BELIEVES THAT A PARTICULAR RELATIONSHIP OR TRANSACTION MAY REPRESENT AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OR INTEREST, IT SHALL FIRST REQUEST ADDITIONAL INFORMATION FROM THE INDIVIDUAL IN QUESTION DETAILING THE NATURE OF THE RELATIONSHIP OR TRANSACTION. WHEN EVALUATING WHETHER A PARTICULAR TRANSACTION OR RELATIONSHIP CONSTITUTES AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, THE AUDIT COMMITTEE SHALL CONSIDER THE FOLLOWING (NON-EXHAUSTIVE) FACTORS: --ABUSING ONE'S ROLE FOR PERSONAL OR THIRD-PARTY GAIN OR PLEASURE (INCLUDING, BUT NOT LIMITED TO, THE SOLICITATION OR ACCEPTANCE OF GIFTS OR OTHER ITEMS OF VALUE OR INDIRECT INDUCEMENT TO PROVIDE SPECIAL TREATMENT ON ORGANIZATION MATTERS.) -- PLACING ONE'S OWN SELF-INTEREST, THE INTEREST OF ONE'S COMPANY, ORGANIZATION OR ANOTHER ENTITY FOR WHICH THE INDIVIDUAL SERVES IN A LEADERSHIP, EMPLOYMENT OR OWNERSHIP CAPACITY, OR THE INTEREST OF ANY THIRD PARTY ABOVE THAT OF ASAE, ASAE FOUNDATION, OR ABSI. -- ENGAGING IN ANY OUTSIDE BUSINESS, PROFESSIONAL OR OTHER ACTIVITIES THAT WOULD DIRECTLY OR INDIRECTLY MATERIALLY ADVERSELY AFFECT ASAE, ASAE FOUNDATION, OR ABSI. --PROVIDING GOODS OR SERVICES TO ASAE, ASAE FOUNDATION, OR ABSI AS A PAID VENDOR. IF THE AUDIT COMMITTEE DETERMINES THAT A PARTICULAR RELATIONSHIP OR TRANSACTION REPRESENTS AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IT (OR THE APPROPRIATE BOARD, IF THE MATTER HAS BEEN REFERRED TO THE BOARD) SHALL RESOLVE SUCH ACTUAL, POTENTIAL OR APPARENT CONFLICT IN ONE OF THE FOLLOWING MANNERS: (1) WAIVE THE ACTUAL, POTENTIAL OR APPARENT CONFLICT AS UNLIKELY TO AFFECT THE INDIVIDUAL'S ABILITY TO ACT IN THE BEST INTERESTS OF THE ORGANIZATION; (2) DETERMINE THAT THE INDIVIDUAL SHOULD BE RECUSED FROM ALL DELIBERATIONS AND DECISION-MAKING RELATED TO THE PARTICULAR TRANSACTION WHICH GIVES RISE TO THE ACTUAL, POTENTIAL OR APPARENT CONFLICT. THIS RESOLUTION SHOULD APPLY PARTICULARLY WHEN THE TRANSACTION OR RELATIONSHIP IS ONE THAT PRESENTS A CONFLICT ONLY WITH RESPECT TO ONE OR TWO DISCRETE PROGRAMS OR ACTIVITIES. FOR EXAMPLE, IF AN INDIVIDUAL BOARD MEMBER ALSO WORKS FOR A COMPANY THAT PRODUCES AN EDUCATIONAL PROGRAM THAT COMPETES WITH ONE OR TWO DISCRETE PROGRAMS OF ASAE, ASAE FOUNDATION, OR ABSI, THE AUDIT COMMITTEE OR RELEVANT BOARD MAY DETERMINE THAT THE BOARD MEMBER SHOULD BE RECUSED FROM ALL DELIBERATIONS AND VOTING RELATED TO SUCH PROGRAM(S) (BOTH AT THE OUTSET AND ON AN ONGOING BASIS), BUT THAT THE BOARD MEMBER NEED NOT RESIGN HIS/HER SEAT ON THE BOARD. (3) DETERMINE THAT THE INDIVIDUAL MUST RESIGN FROM HIS/HER SERVICE TO ASAE, ASAE FOUNDATION, OR ABSI BECAUSE THE ACTUAL, POTENTIAL OR APPARENT CONFLICT IS SO PERVASIVE THAT THE INDIVIDUAL WOULD SELDOM, IF EVER, LIKELY BE ABLE TO ACT IN THE BEST INTERESTS OF THE ORGANIZATION. FOR EXAMPLE, IF AN INDIVIDUAL BOARD MEMBER ALSO WORKS FOR A COMPANY THAT PRODUCES EDUCATIONAL PROGRAMS THAT COMPETE WITH MOST OF THE EDUCATIONAL PROGRAMS OF ASAE FOUNDATION, THE AUDIT COMMITTEE OR FOUNDATION BOARD MAY DETERMINE THAT THE INDIVIDUAL SHOULD RESIGN FROM THE ASAE FOUNDATION BOARD. (4) THE SPECIAL PROCEDURE BELOW IS APPLICABLE TO ALL INSTANCES IN WHICH AN INDIVIDUAL (OR THE INDIVIDUAL'S COMPANY, ORGANIZATION OR ANOTHER ENTITY FOR WHICH THE INDIVIDUAL SERVES IN A LEADERSHIP, EMPLOYMENT OR OWNERSHIP CAPACITY, OR A MEMBER OF THE INDIVIDUAL'S FAMILY) SEEKS TO PROVIDE GOODS OR SERVICES TO ASAE, ASAE FOUNDATION, OR ABSI AS A PAID VENDOR, OR SEEKS TO RECEIVE A SIGNIFICANT GRANT OR CONTRACT FROM ONE OF THE THREE ORGANIZATIONS. THIS PROCEDURE SHALL NOT APPLY TO PRE-EXISTING RELATIONSHIPS WITH INDIVIDUALS THAT PREVIOUSLY HAVE BEEN DISCLOSED TO, AND WAIVED BY, THE AUDIT COMMITTEE OR THE BOARD OF THE RELEVANT ORGANIZATION. (A) THE INDIVIDUAL MUST DISCLOSE TO THE APPLICABLE CHAIRMAN IN ADVANCE OF ANY RELATED ACTION TO BE TAKEN BY THE BOARD HIS/HER INTENT TO SEEK TO PROVIDE GOODS OR SERVICES AS A PAID VENDOR TO ASAE, ASAE FOUNDATION, OR ABSI, OR TO RECEIVE A GRANT OR CONTRACT FROM ONE OF THE THREE ORGANIZATIONS; (B) THE INDIVIDUAL MUST RECUSE HIMSELF/HERSELF FROM ALL DELIBERATIONS AND VOTING RELATED TO THE CONTEMPLATED ACTION; (C) IF THE VALUE OF THE TRANSACTION EXCEEDS $5,000, ASAE, ASAE FOUNDATION, OR ABSI MUST, THROUGH A REQUEST FOR PROPOSAL PROCESS, HAVE SOLICITED PROPOSALS BROADLY FROM OTHER QUALIFIED VENDORS / PROSPECTIVE GRANT OR CONTRACT RECIPIENTS AND RECEIVED (OR ATTEMPTED TO RECEIVE) WRITTEN BIDS FROM AT LEAST THREE SUCH INDIVIDUALS / ENTITIES (INCLUDING THE INDIVIDUAL IN QUESTION); (D) THE BOARD MUST DETERMINE (WITHOUT THE PRESENCE OR PARTICIPATION OF THE INDIVIDUAL) THAT THE TRANSACTION IS FAIR AND IN THE BEST INTERESTS OF ASAE, ASAE FOUNDATION OR ABSI BASED ON ALL OF THE FACTS AND CIRCUMSTANCES, AND SUCH DETERMINATION (INCLUDING THE FACT THAT IT WAS MADE IN THE ABSENCE OF THE INDIVIDUAL) SHALL BE DOCUMENTED AS PART OF THE RELEVANT MEETING MINUTES (ALL COMPETING BIDS RECEIVED SHALL BE RETAINED AS WELL); AND (E) IF SELECTED, THE INDIVIDUAL MAY NOT PARTICIPATE IN ANY PROCESS BY WHICH HIS/HER PERFORMANCE AS A VENDOR / GRANT OR CONTRACT RECIPIENT IS EVALUATED. FORM 990, PART VI, SECTION B, LINE 15A ASAE & ASAE FOUNDATION'S COMPENSATION POLICY IS DEFINED IN ITS BOARD POLICY MANUAL, AND CONSISTS OF THE FOLLOWING: PRESIDENT & CEO PERFORMANCE EVALUATION AND COMPENSATION: THIS RESPONSIBILITY IS VESTED WITH THE ASAE BOARD OF DIRECTORS. THE ASAE BOARD OF DIRECTORS IS CHARGED WITH ENSURING THAT THE ANNUAL EVALUATION IS CONDUCTED AND COMPENSATION ESTABLISHED. A COMPENSATION COMMITTEE CONSISTING OF THE IMMEDIATE PAST CHAIRMAN OF THE BOARD, CHAIRMAN OF THE BOARD, AND CHAIRMAN-ELECT WILL RECOMMEND COMPENSATION LEVELS TO THE ASAE BOARD OF DIRECTORS. IN ADDITION, THE PRESIDENT AND CEO'S ANNUAL OBJECTIVES ARE APPROVED BY THE ASAE BOARD OF DIRECTORS. IT IS THESE AGREED UPON OBJECTIVES THAT ARE USED TO EVALUATE PERFORMANCE EACH YEAR. CEO COMPENSATION PHILOSOPHY THE COMPENSATION PACKAGE, VIEWED AS A WHOLE, SHOULD PROMOTE PERFORMANCE-BASED RESULTS LINKED TO THE ACHIEVEMENT OF ASAE & ASAE FOUNDATION'S MISSION AND STRATEGIC GOALS. THE COMPENSATION PROGRAM SHOULD ENCOURAGE AN ENTREPRENEURIAL AND MEMBER SERVICE ENVIRONMENT IN COLLABORATION WITH THE VOLUNTEER LEADERSHIP TO DETERMINE, GUIDE, AND OVERSEE THE EXECUTION OF ASAE & ASAE FOUNDATION'S STRATEGIC GOALS AND MISSION. GIVEN THE UNIQUE SET OF SKILLS NEEDED TO ACCOMPLISH THE MISSION AND GOALS SET FORTH ABOVE, THE TOTAL COMPENSATION -- DIRECT AND INDIRECT -- SHOULD BE TARGETED ABOVE THE MARKET MEDIAN, YET BE DEMONSTRABLY REASONABLE RELATIVE TO THE TOTAL COMPENSATION OFFERED BY ORGANIZATIONS COMPARABLE TO ASAE & ASAE FOUNDATION. THE COMPENSATION PHILOSOPHY SHOULD BE VIEWED PERIODICALLY TO ENSURE THAT IT CONTINUES TO BE ALIGNED WITH ASAE & ASAE FOUNDATION'S STRATEGIC DIRECTION AND FINANCIAL LIMITS AND CONTINUES TO BE BOTH REASONABLE AND COMPETITIVE. CEO COMPENSATION PRACTICES THE ASAE & ASAE FOUNDATION COMPENSATION PROGRAM IS TARGETED TO PROVIDE COMPETITIVE TOTAL COMPENSATION LEVELS (INCLUDING BOTH ANNUAL CASH COMPENSATION AND SUPPLEMENTAL BENEFITS) FOR HIGHLY COMPETITIVE PERFORMANCE. COMPENSATION IS BENCHMARKED AGAINST DATA DEVELOPED BY INDEPENDENT CONSULTANTS USING SURVEYS COMPRISED OF ORGANIZATIONS WITH SIMILAR INDIVIDUAL MEMBERSHIP AND GENERAL NON-PROFIT ORGANIZATIONS, BOTH REGIONAL AND NATIONAL. THESE ORGANIZATIONS ARE SIMILAR TO ASAE & ASAE FOUNDATION IN MAGNITUDE, COMPLEXITY, AND SCOPE OF RESPONSIBILITY, AND THEY ARE REPRESENTATIVE OF THE VARIOUS MARKETS IN WHICH ASAE & ASAE FOUNDATION COMPETE FOR TALENT. TOTAL CASH COMPENSATION IS TARGETED AT THE COMPETITIVE RANGE OF 85% - 115% OF THE 75TH PERCENTILE OF DEVELOPED MARKET RATES, DEPENDING ON TENURE AND EXPERIENCE OF THE CEO. CONSISTENT WITH THIS STRATEGY, THE FOLLOWING PRINCIPLES PROVIDE A FRAMEWORK FOR ASAE & ASAE FOUNDATION'S EXECUTIVE COMPENSATION PROGRAM: -- TOTAL ANNUAL CASH COMPENSATION (CONSISTING OF BASE PAY AND A VARIABLE, AT-RISK INCENTIVE) IS POSITIONED AT 85% - 115% OF THE 75TH PERCENTILE OF DEVELOPED MARKET RATES; -- THE MIX OF TOTAL COMPENSATION ELEMENTS WILL REFLECT COMPETITIVE MARKET REQUIREMENTS AND STRATEGIC BUSINESS NEEDS; -- COMPENSATION IS LINKED TO BOTH QUALITATIVE AND BEHAVIORAL EXPECTATIONS, AND KEY OPERATIONAL AND STRATEGIC METRICS; AND -- COMPENSATION WILL BE DIFFERENTIATED ON THE FOLLOWING BASIS: BASE PAY - ON RELATIVE RESPONSIBILITY; ANNUAL INCENTIVES - ON PERFORMANCE; AND SUPPLEMENTAL BENEFITS - ON LONG-TERM PERFORMANCE. BASE PAY -- DETERMINED BY INDIVIDUAL PERFORMANCE AND COMPARISONS TO SIMILAR POSITIONS IN INDIVIDUAL MEMBERSHIP AND GENERAL NON-PROFIT ORGANIZATIONS. PAY IS ESTABLISHED BASED ON JOB RESPONSIBILITY, LEVEL OF EXPERIENCE, INDIVIDUAL CONTRIBUTION TO THE BUSINESS, ANALYSES OF COMPETITIVE INDUSTRY PRACTICE AND VARIOUS OTHER QUALITATIVE AND QUANTITATIVE PERFORMANCE FACTORS. ANNUAL INCENTIVE -- THE TARGET ANNUAL INCENTIVE AMOUNT IS DETERMINED BASED ON THE MARKET PRACTICES OF THE COMPARATOR GROUP AS DESCRIBED ABOVE. THE ANNUAL INCENTIVE AWARD IS BASED ON THE ACHIEVEMENT OF PREDETERMINED FINANCIAL, STRATEGIC, BUSINESS, AND INDIVIDUAL GOALS. THE PRIMARY QUANTITATIVE FACTORS REVIEWED BY THE BOARD OF DIRECTORS INCLUDE AS FINANCIAL MEASURES NET INCOME, REVENUE, TOTAL MEMBERSHIP AND ACHIEVEMENT OF OTHER BOARD PRIORITIES AS DEFINED EACH YEAR BY THE BOARD OF DIRECTORS. AMONG THE QUALITATIVE FACTORS EVALUATED BY THE BOARD OF DIRECTORS ARE PROGRESS IN THE ACHIEVEMENT OF THE ORGANIZATIONS SHORT-TERM AND LONG-TERM BUSINESS GOALS, MEMBER SATISFACTION, AND THE EFFECTIVE MANAGEMENT OF ASAE & ASAE FOUNDATION AND ITS HUMAN RESOURCES. SUPPLEMENTAL BENEFITS -- UNDER THE SUPPLEMENTAL BENEFITS PLAN, THE BOARD OF DIRECTORS GRANTS DEFERRED SALARY AND SUPPLEMENTAL INCOME ARRANGEMENTS, BENEFITS AND PERQUISITES SUBJECT TO INDIVIDUAL LONG TERM PERFORMANCE. THESE AWARDS AND SUPPLEMENTAL BENEFITS ARE PROVIDED IN LINE WITH COMPETITIVE PRACTICES OF THE COMPARATOR GROUP. THE OBJECTIVES FOR THESE AWARDS ARE TO CLOSELY ALIGN EXECUTIVE INTERESTS WITH THE LONGER-TERM INTERESTS OF STAKEHOLDERS AND TO RETAIN THE SKILLS CRITICAL TO THE FUTURE SUCCESS OF ASAE & ASAE FOUNDATION. ------------ OTHER KEY OFFICERS/EMPLOYEES UNDER BYLAW AND CEO CONTRACT, THE BALANCE OF STAFF ARE UNDER THE AUTHORITY OF CEO. STAFF COMPENSATION POLICY DECISIONS TAKE INTO CONSIDERATION ASAE & ASAE FOUNDATION'S OVERALL FINANCIAL CONDITION, EQUITY WITHIN THE ORGANIZATION, AND COMPETITIVE SALARY PLANNING. ASAE'S HUMAN RESOURCES DEPARTMENT IS RESPONSIBLE FOR ADMINISTRATION OF AND ONGOING INTERNAL REVIEW OF ALL COMPENSATION PLANS AND POLICIES. THIS COMPENSATION REVIEW HELPS ASAE & ASAE FOUNDATION MAINTAIN AND ADMINISTER A COMPENSATION PLAN THAT ACCURATELY AND FAIRLY REFLECTS EACH INDIVIDUAL'S RESPONSIBILITIES AND PERFORMANCE. ASAE & ASAE FOUNDATION'S STAFF SALARY ADMINISTRATION PROGRAM(S) CONSIST OF THE FOLLOWING: -- JOB EVALUATION - THIS IS A SYSTEMATIC METHOD OF DETERMINING THE VALUE OF EACH JOB WITHIN THE ASSOCIATION, INCLUDING REVIEW OF SKILLS, EDUCATIONAL PREREQUISITES AND CONTRIBUTION TO THE ORGANIZATION. -- SALARY STRUCTURE - POSITIONS ARE EVALUATED AND POSITIONS WITH SIMILAR VALUES ARE PLACED IN A SALARY GRADE THAT IS REVIEWED IN TERMS OF ITS COMPETITIVENESS WITHIN THE MARKET AND OUR ORGANIZATIONAL NEEDS. EACH GRADE HAS A MINIMUM, WHICH IS THE LOWEST RECOMMENDED SALARY TO BE OFFERED TO AN INDIVIDUAL WHO MEETS THE MINIMUM QUALIFICATIONS OF THE POSITION; A MIDPOINT, REPRESENTING THE SALARY AT WHICH A FULLY QUALIFIED AND EXPERIENCED STAFF MEMBER WHO SATISFACTORILY PERFORMS ALL THE SPECIFICATIONS OF A POSITION IS PAID WITHIN THE MARKETPLACE; AND A MAXIMUM, WHICH IS THE UPPER LIMIT OF THE SALARY RANGE. A THIRD PARTY IS ENGAGED PERIODICALLY TO REVIEW THE COMPENSATION PACKAGE OF THE EXECUTIVE STAFF AND/OR FULL STAFF RELATIVE TO BASE COMPENSATION, BONUS AND INCENTIVE PROGRAMS COMPARATIVE TO MARKET. -- SALARY BUDGET AND GUIDELINES - ASAE & ASAE FOUNDATION'S ANNUAL SALARY BUDGET IS DEVELOPED ANNUALLY IN ORDER TO ALLOCATE MONIES NEEDED TO MAINTAIN STAFF MEMBER SALARIES AT COMPETITIVE LEVELS, SUBJECT TO BUDGETARY LIMITATIONS. AN ANNUAL MERIT POOL IS DEVELOPED AND APPROVED AS PART OF THE BUDGET CYCLE. THE CHIEF ADMINISTRATIVE OFFICER IS RESPONSIBLE FOR THE ADMINISTRATION OF THE PROGRAM, AND ALL INCREASES ARE SUBJECT TO THE APPROVAL OF THE CEO. FORM 990, PART VI, SECTION C, LINE 19 SOME GOVERNING DOCUMENTS ARE AVAILABLE ON THE WEBSITE - ASAE BYLAWS, STRATEGIC FRAMEWORK - WHAT WE DO AND OUR PROMISE, CODE OF CONDUCT AND BOARD CONTACT INFORMATION. THE CONFLICT OF INTEREST POLICY IS CURRENTLY NOT POSTED, BUT PROVIDED AS A SAMPLE DOCUMENT UPON REQUEST. PUBLIC INSPECTION COPIES OF THE 990 ARE PROVIDED UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 513,463. EQUITY IN SUBSIDIARIES 1,037,882. TAX BASIS PARTNERSHIP REVENUE -1,066,432. TOTAL TO FORM 990, PART XI, LINE 5: 484,913. FORM 990, PART XII, LINCE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. 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