2012-04-30T16:43:11-05:00 2011-06-30 MCGLADREY & PULLEN LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2010-07-01 541999773 AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS AMER 7035280700 1615 DUKE STREET ALEXANDRIA VA 22314 DANIEL DOMENECH 7035280700 2012-04-30 1 WILLIAM E TURCO CPA 3012963600 2010 2016-02-24 21:20:13Z X DANIEL DOMENECH 1615 DUKE STREET ALEXANDRIA VA 22314 9013835 0 X WWW.AASA.ORG X 2001 VA THE ASSOCIATION PROMOTES EDUCATIONAL PROGRAMS AND SUPPORT FOR ITS MEMBERSHIP BY OFFERING A WIDE RANGE OF EDUCATIONAL ACTIVITIES, AUDIOVISUAL MATERIALS, AND PUBLICATIONS ON A WIDE RANGE OF EDUCATIONAL SUBJECTS. 154 150 43 0 874840 100697 1288840 1232993 6764377 6767313 122384 229887 454559 597472 8630160 8827665 0 0 0 0 3788536 3441332 0 0 113785 4804698 4434295 8593234 7875627 36926 952038 8741797 12196019 5935599 7943409 2806198 4252610 X THE MISSION OF THE AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS IS TO SUPPORT AND DEVELOP EFFECTIVE SCHOOL SYSTEM LEADERS WHO ARE DEDICATED TO THE HIGHEST QUALITY PUBLIC EDUCATION FOR ALL CHILDREN. 0 0 1085614 1775754 NATIONAL CONFERENCE ON EDUCATION:THE ASSOCIATION HOSTS THE NATIONAL CONFERENCE ON EDUCATION ANNAULLY. THIS CONFERENCE FEATURES NATIONALLY RECOGNIZED SPEAKERS, "HOW TO" SESSIONS FOR SCHOOL ADMINISTRATORS, A NATIONAL EXHIBIT OF EDUCATIONAL PRODUCTS, SMALL GROUP MEETINGS, AND PRE-SESSIONS 875373 CHILDREN'S PROGRAMS:PROVIDING LEADERSHIP TO SCHOOL SYSTEMS AND AID TO SCHOOL LEADERS IN ENSURING THAT ALL CHILDREN RECEIVE A QUALITY EDUCATION. THE ASSOCIATION RECOGNIZES THERE ARE MANY BARRIERS TO LEARNING AND WORKS WITH ITS MEMBERSHIP TO OVERCOME THEM THROUGH THE PROGRAMS DEPARTMENT. THE ASSOCIATION DEPENDS ON EXTERNALLY FUNDED GRANTS AND CONTRACTS TO UNDERWRITE A PORTION OF THIS INITIATIVE. 861390 COMMUNICATIONS:THE ASSOCIATION PROVIDES IT MEMBERS WITH PRINT AS WELL AS ON-LINE RESOURCES. MEMBERS OF THE ORGANIZATION RECEIVES THE FOLLOWING PUBLICATION: THE SCHOOL ADMINISTRATOR MAGAZINE, THE LEADERS EDGE, A SUPERINTENDENT'S E-JOURNAL AND SEVERAL OCCASIONAL MEMBERSHIP SERVICE PUBLICATIONS. 690837 3567563 MEMBER/AFFILIATE SERVICES:AASA IS A PORFESSIONAL ASSOCIATION FOR NEARLY 13,000 EDUCATION LEADERS. THE ASSOCIATION COORDINATE RELATIONS WITH STATE/CHARTERED ASSOCIATIONS AND INDIVIDUALS TO PROMOTE MEMBERSHIP IN THE ASSOCIATION. 607001 PUBLIC POLICY 496916 37961 GOVERNANCE 375506 417960 EDUCATIONAL MEETINGS 332326 285830 LEADERSHIP DEVELOPMENT 2502586 4309314 5324963 1 1 0 1 0 0 0 1 1 1 0 0 0 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 33 0 1 43 1 1 1 0 0 0 0 0 0 0 0 0 X 154 150 0 0 0 0 1 1 0 1 1 0 0 1 1 1 0 0 1 1 1 0 VA X EVELYN GILLIAM 7038750779 1615 DUKE STREET ALEXANDRIA VA 22314 EDGAR B HATRICK III 2.00 X X 7362 0 0 PATRICIA E NEUDECKER 2.00 X X 266 0 0 MARK T BIELANG 2.00 X X 2701 0 0 JEAN-CLAUDE BRIZARD 2.00 X 0 0 0 JEROME E COLONNA 2.00 X 0 0 0 CHRIS B ERWIN 2.00 X 0 0 0 JOSEPH J GERTSEMA 2.00 X 0 0 0 ROBERT E GILLUM 2.00 X 0 0 0 CLARK J GODSHALL 2.00 X 0 0 0 BENNY L GOODEN 2.00 X 0 0 0 RODNEY P GREEN 2.00 X 0 0 0 BEVERLY L HALL 2.00 X 0 0 0 KATHLEEN R KELLEY 2.00 X 0 0 0 JACK L MCCULLEY 2.00 X 0 0 0 FREDERICK S MORTON IV 2.00 X 0 0 0 DAVID K PENNINGTON 2.00 X 0 0 0 MOLLY S RINGO 2.00 X 0 0 0 DARLINE P ROBLES 2.00 X 0 0 0 FRANK H SIPPY 2.00 X 0 0 0 HERBERT W GARRETT 2.00 X 0 0 0 DENNIS R COE 2.00 X 0 0 0 MIKE REED 2.00 X 0 0 0 MARTIN M LASTER 2.00 X 0 0 0 JACK WALSH 2.00 X 0 0 0 JIM GIBBONS 2.00 X 0 0 0 NICHOLAS CLEMENT 2.00 X 0 0 0 FRANK DAVIDSON 2.00 X 0 0 0 GAIL PLETNICK 2.00 X 0 0 0 JIMMY CUNNINGHAM 2.00 X 0 0 0 KAY JOHNSON 2.00 X 0 0 0 RICHARD BRAY 2.00 X 0 0 0 WILLIAM DRAA 2.00 X 0 0 0 PHIL J QUON 2.00 X 0 0 0 DAVID J VERDUGO 2.00 X 0 0 0 KEITH E OWEN 2.00 X 0 0 0 TOM TURRELL 2.00 X 0 0 0 DAVID E ABBEY 2.00 X 0 0 0 GARY M CHESLEY 2.00 X 0 0 0 JOSEPH V ERARDI JR 2.00 X 0 0 0 RUSSELL H KNORR 2.00 X 0 0 0 DIANNE G SOLE 2.00 X 0 0 0 MICHAEL J LANNON 2.00 X 0 0 0 MARGARET A SMITH 2.00 X 0 0 0 STANLEY DEJARNETT 2.00 X 0 0 0 LYNN M PLUNKETT 2.00 X 0 0 0 PAUL A SHAW 2.00 X 0 0 0 RICHARD H BAUSCHER 2.00 X 0 0 0 GEOFFREY THOMAS 2.00 X 0 0 0 CHRISTINE M BENSON 2.00 X 0 0 0 TIM BLEYER 2.00 X 0 0 0 HENRY A GMITRO 2.00 X 0 0 0 GARY L KELLY 2.00 X 0 0 0 DAVID W MESSERSMITH 2.00 X 0 0 0 DAVID R SCHULER 2.00 X 0 0 0 JOHN T COOPMAN 2.00 X 0 0 0 JULIE WOOD 2.00 X 0 0 0 RONALD S FIELDER 2.00 X 0 0 0 ROARK R HORN 2.00 X 0 0 0 JERE M VYVERBERG 2.00 X 0 0 0 BARTON L GOERING 2.00 X 0 0 0 JOHN R MORTON 2.00 X 0 0 0 TOM SHELTON 2.00 X 0 0 0 LU YOUNG 2.00 X 0 0 0 RODNEY R LAFON 2.00 X 0 0 0 RICHARD D LAVERGNE 2.00 X 0 0 0 MICHAEL R CORMIER 2.00 X 0 0 0 RICHARD A LYONS 2.00 X 0 0 0 KAREN B SALMON 2.00 X 0 0 0 JACK SMITH 2.00 X 0 0 0 MICHAEL F FITZPATRICK 2.00 X 0 0 0 MARGARET FRIESWYK 2.00 X 0 0 0 JOHN RETCHLESS 2.00 X 0 0 0 NICHOLAS CEGLAREK 2.00 X 0 0 0 CURT FINCH JR 2.00 X 0 0 0 KIMBERLEY A HART 2.00 X 0 0 0 DENNIS PATZER 2.00 X 0 0 0 JACK O ALMOS 2.00 X 0 0 0 LUTHER L HELLER 2.00 X 0 0 0 JAMES A HESS 2.00 X 0 0 0 PATTY PHILLIPS 2.00 X 0 0 0 ANTHONY L MORRIS 2.00 X 0 0 0 TERRY R ADAMS 2.00 X 0 0 0 CHRIS GAINES 2.00 X 0 0 0 DAVID MCGEHEE 2.00 X 0 0 0 MIKEL A STEWART 2.00 X 0 0 0 JAMES GERMANN 2.00 X 0 0 0 BRIAN K PATRICK 2.00 X 0 0 0 GREG A BARNES 2.00 X 0 0 0 JACK D MOLES 2.00 X 0 0 0 WILLIAM L MOWINKEL 2.00 X 0 0 0 CAROLYN S ROSS 2.00 X 0 0 0 ROBERT M SLABY 2.00 X 0 0 0 JERRY FREW 2.00 X 0 0 0 MICHAEL J MARTIN 2.00 X 0 0 0 RAYMOND J BROSEL 2.00 X 0 0 0 RICHARD M KAPLAN 2.00 X 0 0 0 J THOMAS MORTON 2.00 X 0 0 0 DAVID C VERDUCCI 2.00 X 0 0 0 BRIAN A ZYCHOWSKI 2.00 X 0 0 0 V SUE CLEVELAND 2.00 X 0 0 0 KAREN M COUCH 2.00 X 0 0 0 ROBERT W CHRISTMANN 2.00 X 0 0 0 WENDELL W CHU 2.00 X 0 0 0 HENRY L GRISHMAN 2.00 X 0 0 0 JAMES T LANGLOIS 2.00 X 0 0 0 CLIFFORD A MOSES 2.00 X 0 0 0 L OLIVER ROBINSON 2.00 X 0 0 0 RYAN C SHERMAN 2.00 X 0 0 0 LARRY E PRICE 2.00 X 0 0 0 KATHY SPENCER 2.00 X 0 0 0 STEVE HALL 2.00 X 0 0 0 DAVID M LOOYSEN 2.00 X 0 0 0 BART ANDERSON 2.00 X 0 0 0 T DALE EDWARDS 2.00 X 0 0 0 DAVID J HORINE 2.00 X 0 0 0 RONALD H HUTCHINGS 2.00 X 0 0 0 KENT A SHELLENBERGER 2.00 X 0 0 0 KRISTA PARENT 2.00 X 0 0 0 GEORGE H RUSSELL 2.00 X 0 0 0 JEROME F BARTLEY 2.00 X 0 0 0 WILLIAM A CLARK 2.00 X 0 0 0 ERIC C ESHBACH 2.00 X 0 0 0 TIMOTHY F MCNAMEE 2.00 X 0 0 0 AMY F SICHEL 2.00 X 0 0 0 ROBERT T MILLS 2.00 X 0 0 0 SUSAN F LUSI 2.00 X 0 0 0 ROBERT O'BRIEN 2.00 X 0 0 0 EVERETTE M DEAN JR 2.00 X 0 0 0 ZONA JEFFERSON 2.00 X 0 0 0 ALVIN L LEBER 2.00 X 0 0 0 TIMOTHY M MITCHELL 2.00 X 0 0 0 DONALD L HOPPER 2.00 X 0 0 0 JAMES L LONG 2.00 X 0 0 0 ALTON L FRAILEY 2.00 X 0 0 0 JAN D KENNEDY 2.00 X 0 0 0 KAY WAGGONER 2.00 X 0 0 0 JAMES E WILCOX 2.00 X 0 0 0 VERNON M HENSHAW 2.00 X 0 0 0 MCKELL WITHERS 2.00 X 0 0 0 JEANNE COLLINS 2.00 X 551 0 0 JOHN J MCCARTHY 2.00 X 0 0 0 HOWARD B KISER 2.00 X 0 0 0 PAMELA R MORAN 2.00 X 0 0 0 PHILIP L WORRELL 2.00 X 0 0 0 DAVID BURGESS 2.00 X 0 0 0 GARN CHRISTENSEN 2.00 X 0 0 0 DEBORAH S AKERS 2.00 X 0 0 0 LYN G GUY 2.00 X 0 0 0 WAYNE R ANDERSON 2.00 X 0 0 0 DEMOND A MEANS 2.00 X 0 0 0 DANIEL A NERAD 2.00 X 0 0 0 MIKE SHIMSHAK 2.00 X 0 0 0 SHON HOCKER 2.00 X 0 0 0 KEVIN MITCHELL 2.00 X 0 0 0 DANIEL A DOMENECH 40.00 X 320279 0 7396 CHARLES WOODRUFF 40.00 X 144134 0 3081 ELLEN SCHOETZAU 40.00 X 144388 0 3562 BRUCE HUNTER 40.00 X 163619 0 10812 SHARON ADAMS-TAYLOR 40.00 X 128765 0 4064 C J REID 40.00 X 118396 0 11512 EVELYN GILLIAM 40.00 X 119855 0 3908 CHRIS DAW 40.00 X 102567 0 8597 1252883 0 52932 8 0 1 0 FREEMAN AUDIO VISUAL SOLUTIONS INC PO BOX 650036 DALLAS TX 75265 AUDIO VISUAL SERVICES AT NATIONAL CONFER 313019 FORREST T JONES & COMPANY INC 1760 RESTON PARKWAY SUITE 303 RESTON VA 20190 PROFESSIONAL LIABILITY INSURANCE 264803 CREATIVE SOLUTIONS FOR YOU 313 SOUTH PATRICK STREET ALEXANDRIA VA 22314 CONFERENCE MKTG & PROMOTIONS 113396 3 1232993 1232993 MEMBERSHIP DUES 900099 3567563 3567563 CONVENTION REVENUE 900099 1784695 1775754 8941 ADVERTISING REVENUE 541800 688007 688007 EDUCATIONAL MEETINGS 900099 417960 417960 LEADERSHIP 900099 271127 271127 37961 37961 6767313 212070 212070 166582 166582 124446 124446 124446 124446 179746 161929 17817 17817 17817 38944 24241 14703 14703 WEBSITE ADVERTISING 900099 177892 177892 OTHER INCOME 900099 113849 113849 291741 8827665 6085068 874840 634764 626026 320051 282742 23233 1868352 955181 841872 71299 111769 57141 54628 635612 324952 310660 199573 102030 97543 19085 19085 50500 50500 952063 576333 375730 635995 523715 104840 7440 705291 702033 3258 701900 582150 110315 9435 967589 894450 73139 262 262 139514 139514 OTHER COSTS 109748 25705 81665 2378 SUBCONTRACTS 96220 96220 DUES, SUBSCRIPTIONS 50131 25488 24643 BAD DEBT EXPENSES 5997 5997 7875627 5324963 2436879 113785 400 400 1983741 5466713 139805 271697 219411 312216 2349 258435 148013 1914587 1680528 307288 234059 5792813 5720668 39904 39904 8741797 12196019 810243 883256 1655362 1318754 109896 3360098 5741399 5935599 7943409 X 2652560 4095721 3638 6889 150000 150000 2806198 4252610 8741797 12196019 X 952038 494374 X 0 1 1 X 1 1 X 4195334 4561589 4863626 4822793 4800556 23243898 3330920 4582882 3257878 2654507 2541746 16367933 39772 86231 113849 239852 7526254 9144471 8161276 7563531 7456151 39851683 0 0 0 39851683 596203 424913 341994 338217 503098 2204425 105840 122336 48340 12084 78175 366775 702043 547249 390334 350301 581273 2571200 8228297 9691720 8551610 7913832 8037424 42422883 0.93940 0.95060 0.06060 0.04940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 1 0 0 0 0 1 299012 0 0 299012 0 0 109896 109896 0 1 1019731 31726 20411 1031046 1014966 36655 31890 1019731 983951 35515 4500 1014966 0.85000 0.15000 0 0 135400 111706 23694 1779187 1568822 210365 234059 REFUNDABLE ADVANCES 2823784 DEFERRED RENT 121396 ACCRUED POST RETIREMENT MEDICAL BENEFITS 2796219 5741399 8827665 7875627 952038 272231 222143 494374 1446412 9124137 272231 272231 8851906 -24241 -24241 8827665 7899868 24241 24241 7875627 0 7875627 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS ARE BASED ON THE DONORS INSTRUCTIONS. EARNINGS ARE USED TO SUPPORT A GENERAL SESSION OR LECTURE AT THE ANNUAL NATIONAL CONFERENCE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IN ADDITION, THE ASSOCIATION QUALIFIED FOR CHARITABLE CONTRIBUTIONS DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. UNDER CURRENT INTERNAL REVENUE SERVICE REGULATIONS, RENTAL INCOME AND ADVERTISING EARNED IN THE PUBLICATION OF THE ASSOCIATION'S MAGAZINES ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX. DEFERRED TAXES ARISE DUE TO THE TIMING DIFFERENCE IN RECOGNITION OF RENTAL REVENUE. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITION AND IS NOT AWARE OF ANY UNCERTAIN TAX POSITIONS AND THEREFORE, NO TAX LIABILITIES HAVE BEEN RECORDED AS OF JUNE 30, 2011, OR ANY RELATED INTEREST AND PENALTIES INCLUDED IN THE BALANCE SHEET OR STATEMENT OF ACTIVITIES. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 8 - OTHER ADJUSTMENTS: MINIMUM POSTRETIREMENT LIABILITY ADJUSTMENT 222,143. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B -24,241. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD REPORTED ON LINE 10B 24,241. X 1 1 X 0 0 0 0 0 0 0 0 0 DANIEL A DOMENECH 320279 0 0 0 0 0 5719 0 3010 0 329008 0 0 0 BRUCE HUNTER 163619 0 0 0 0 0 2911 0 9021 0 175551 0 0 0 PART I, LINE 1A FOLLOWING PEOPLE RECEIVED TAXABLE TRAVEL FOR COMPANIONS: EDGAR B. HATRICK, III - $7,362 PATRICA E. NEUDECKER - $266 MARK T. BIELANG - $2,701 JEANNE COLLINS - $551 DANIEL A. DOMENECH - $7,334 FOLLOWING PEOPLE RECEIVED TAXABLE TRAVEL FOR COMPANIONS: EDGAR B. HATRICK, III - $7,362 PATRICA E. NEUDECKER - $266 MARK T. BIELANG - $2,701 DANIEL A. DOMENECH - $7,334 FORM 990, PART VI, SECTION A, LINE 6 SINCE 1865, SCHOOL SYSTEM LEADERS HAVE JOINED THE AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS (AASA) FOR PROFESSIONAL SUPPORT AND DEVELOPMENT, INFORMATION AND NEWS, NETWORKING, AND REPRESENTATION AT THE FEDERAL LEVEL AND TO SUPPORT THE AASA MISSION TO ADVANCE PUBLIC EDUCATION FOR ALL CHILDREN. AASA REPRESENTS SCHOOL DISTRICT ADMINISTRATORS AT BOTH THE BUILDING AND CENTRAL OFFICE LEVEL. AASA'S PRIMARY MEMBERS ARE PUBLIC SCHOOL DISTRICT SUPERINTENDENTS AND THOSE WHO ASPIRE TO THAT POSITION. AASA ALSO INCLUDES COLLEGE PROFESSORS WHO ARE PREPARING SCHOOL ADMINISTRATORS. FORM 990, PART VI, SECTION A, LINE 7A ANY MEMBER IN THE ACTIVE MEMBERSHIP CATEGORY WHO IS SERVING ON, OR HAS SERVED ON WITHIN THE LAST 3 YEARS, EITHER THE GOVERNING BOARD OR THE EXECUTIVE COMMITTEE AND IS A MEMBER OF THEIR STATE ASSOCIATION IS ELIGIBLE TO RUN FOR PRESIDENT-ELECT OF AASA. THE PRESIDENT-ELECT SERVES A ONE YEAR TERM BEFORE BECOMING PRESIDENT FOR ONE YEAR. FOLLOWING HIS/HER PRESIDENTIAL TERM HE/SHE BECOMES THE IMMEDIATE PAST PRESIDENT FOR ONE YEAR. INTERESTED CANDIDATES FILE APPROPRIATE MATERIALS AND A $500 FILING WITH AASA NO LATER THAN THE 1ST FRIDAY IN DECEMBER. THE ELECTION COMMITTEE MEETS VIA CONFERENCE CALL TO REVIEW THE MATERIALS AND TO DECLARE THE CANDIDATE(S) ELIGIBLE. THE GOVERNING BOARD AT ITS WINTER MEETING NOMINATES THE CANDIDATE(S) FOR PRESIDENT-ELECT. IF MORE THAN 3 CANDIDATES ARE VYING FOR THE NOMINATION, THE GOVERNING BOARD MUST REDUCE THAT NUMBER TO NO MORE THAN 3. THE GOVERNING BOARD CANNOT ADD CANDIDATES. ELIGIBLE VOTING MEMBERS RECEIVE VOTING MATERIALS EITHER ELECTRONICALLY OR VIA US MAIL. THE CANDIDATE RECEIVING A PLURALITY OF THE VOTES CAST IS ELECTED. FORM 990, PART VI, SECTION B, LINE 11 THE 990 WILL BE REVIEWED BY THE AUDIT COMMITTEE. THE AUDIT COMMITTEE CHAIR WILL DISCUSS THE 990 WITH THE FULL EXECUTIVE COMMITTEE AT ITS NEXT MEETING FOLLOWING THE REVIEW. ALL MEMBERS WILL HAVE THE OPPORTUNITY TO REVIEW THE RETURN. FORM 990, PART VI, SECTION B, LINE 15 THE AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS (AASA) USES OUTSIDE INDEPENDENT CONSULTANTS TO REVIEW ITS SALARIES ON AN ANNUAL BASIS. THIS REVIEW PROVIDES INFORMATION ABOUT THE ASSOCIATION'S COMPETITIVE POSITION RELATIVE TO PUBLISHED SURVEY DATA AND ASSURES THAT THE PAY OF EXECUTIVES AND OTHER EMPLOYEES IS REASONABLE. THE SALARY OF THE ASSOCIATION'S EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE BY ON MARKET COMPARISONS. THE SALARIES OF OTHER EXECUTIVES AND STAFF WERE REVIEWED BY CANTRILL & MOYER, L.L.C., OF BETHESDA, MARYLAND, IN JUNE 2008. AT THAT TIME, THE CONSULTANT REPORTED THAT THE SALARIES OF THE FIVE HIGHEST PAID EXECUTIVES, EXCLUDING THE EXECUTIVE DIRECTOR, AVERAGED 101% OF THE MEDIAN SALARY PRACTICE REPORTED BY OTHER ASSOCIATIONS AND NOT-FOR-PROFIT ORGANIZATIONS IN THE 2008 COMPENSATION SURVEY OF THE HUMAN RESOURCE ASSOCIATION OF THE NATIONAL CAPITAL AREA. THE SALARIES OF OTHER STAFF AVERAGED 97% OF THE MEDIAN SALARY PRACTICE IN THAT SURVEY. THE CONSULTANT, CANTRILL & MOYER, L.L.C., ASSISTED THE ASSOCIATION AT THAT TIME TO CALCULATE SALARY INCREASES FOR EMPLOYEES BASED ON THEIR ASSIGNED PERFORMANCE RATINGS. A LETTER WAS SENT TO EACH EMPLOYEE BY THE EXECUTIVE DIRECTOR IN JULY 2008 TO COMMUNICATE THE AMOUNT OF THE SALARY INCREASE AND THE AMOUNT OF THE SALARY TO BE PAID IN FISCAL YEAR 2009. THE ANNUAL REVIEW OF SALARIES WAS NOT CONDUCTED IN 2010 DUE TO A SALARY FREEZE AT THE ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 THE POLICIES AND PROCEDURES (WHICH INCLUDES CONFLICT OF INTEREST POLICES) WILL BE POSTED ON THE ORGANIZATION'S WEBSITE. ALL MEMBERS WILL HAVE ACCESS TO THESE DOCUMENTS. FINANCIAL INFORMATION IS RECORDED IN THE ANNUAL REPORT WHICH IS ALSO POSTED ON THE WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 272,231. MINIMUM POSTRETIREMENT LIABILITY ADJUSTMENT 222,143. TOTAL TO FORM 990, PART XI, LINE 5: 494,374.