2012-06-26T11:55:57-04:00 2011-08-31 Baker Tilly Virchow Krause LLP 205 N Michigan Ave 28th Floor Chicago IL 606015927 990 2010-09-01 360756300 Audit Bureau of Circulations AUDI 2243666939 48 West Seegers Road Arlington Heights IL 60005 PAUL FAJNOR 2012-04-02 true Judith H Meguire CPA 3127298000 2010 2016-02-24 21:20:13Z MICHAEL J LAVERY 48 WEST SEEGERS ROAD ARLINGTON HEIGHTS IL 60005 25633531 false X www.accessabc.com X 1914 IL Audit Bureau of Circulations is dedicated to being the World's pre-eminent self-regulatory auditing organization, responsible to advertisers, advertising agencies and the media (continued on Sch O) 35 35 206 39457 0 21710788 21364625 -125763 2051525 12854 3871 21597879 23420021 0 0 16754563 17645679 0 0 5166120 4764875 21920683 22410554 -322804 1009467 35872308 35460251 36238524 34656862 -366216 803389 Audit Bureau of Circulations (ABC) is dedicated to being the world's pre-eminent self-regulatory auditing organization, responsible to advertisers, advertising agencies, and the media they use, for the independent verification and dissemination of our members' circulation, readership, and audience information. false false Audit services revenue reflects charges for audit and verification services to publisher and media members which enable ABC to audit a publication or media members and, therefore, fulfill its exempt purpose. Report service revenue is the revenue ABC receives for providing reports and information to members and non-members. This activity is substantially related to ABC's exempt purpose. false false false true false false false false false true true false false true true false true false true true false false false false false false false false true false false false false false true false false false false true true true true false true 29 0 true 206 true true true true CA false false false false X 35 35 false false false false true true true true true false false false true true true true true true false false CA X X PAUL FAJNOR 2243666939 48 WEST SEEGERS ROAD ARLINGTON HEIGHTS IL 60005 Sunni Boot 2.0 X X 0 0 0 Ed Cicale 2.0 X 0 0 0 Merle K Davidson 2.0 X X 0 0 0 Kirk A Davis 2.0 X 0 0 0 Rob Fisher 2.0 X X 0 0 0 John Q Griffin 2.0 X 0 0 0 Caroline D Harrison 2.0 X 0 0 0 Scott H Heekin-Canedy 2.0 X 0 0 0 Mark A Kaline 2.0 X 0 0 0 David W Leckey 2.0 X X 0 0 0 James H McGraw 2.0 X 0 0 0 Christina Meringolo 2.0 X X 0 0 0 Steven B Rossi 2.0 X 1797 0 0 Charles B Rutman 2.0 X 0 0 0 Vikki Schwartzman 2.0 X 0 0 0 Brian Segal 2.0 X 1213 0 0 Suzanne Silber 2.0 X 0 0 0 Leonard Stabile 2.0 X 0 0 0 Robin Steinberg 2.0 X 0 0 0 Howard G Sutton 2.0 X 0 0 0 Lindsay Valk 2.0 X 0 0 0 Judy Vogel 2.0 X 0 0 0 Gary Vorpahl 2.0 X 1720 0 0 David S Walker 2.0 X 0 0 0 Brenda White 2.0 X 0 0 0 Lisa Haynes 2.0 X 0 0 0 Lorraine Hughes 2.0 X 0 0 0 Todd H Larsen 2.0 X 0 0 0 Chris Schembri 2.0 X 0 0 0 Shelagh Stoneham 2.0 X 624 0 0 Evan A Ray 2.0 X 0 0 0 Stacy Boone 2.0 X 0 0 0 Ted Boyd 2.0 X 0 0 0 Linda E Brennan 2.0 X 0 0 0 Phillip Crawley 2.0 X 0 0 0 Christopher Daly 2.0 X 0 0 0 Gordon Fisher 2.0 X 0 0 0 Sara Hill 2.0 X 0 0 0 Scott Kruse 2.0 X 0 0 0 John McCarthy 2.0 X 0 0 0 Steven H Mueller 2.0 X 0 0 0 David P Murphy 2.0 X 0 0 0 David K Ronk 2.0 X 0 0 0 Steven M Sachs 2.0 X 0 0 0 Terry Snow 2.0 X 0 0 0 Alex Tamayo 2.0 X 0 0 0 John H Griffin 2.0 X 0 0 0 Michael J Lavery 40.0 X 516765 0 148608 Paul Fajnor 40.0 X 144177 0 37951 Michael K Moran 40.0 X 233407 0 48911 Mark A Wachowicz 40.0 X 190079 0 44799 Neal Lulofs 40.0 X 154102 0 39574 Scott J Hanson 40.0 X 164539 0 41398 Teresa Perry 40.0 X 158028 0 47549 Kaydene Stachelski 40.0 X 150205 0 38850 George Bartman 40.0 X 168361 0 20288 Joan Brehl 40.0 X 196085 0 11669 2081102 0 479597 10 false true false Wildman Harrold Allan and Dixon 225 West Wacker Drive CHICAGO IL 60606 Legal Services 118255 Pepper Construction 411 Lake Zurich Road BARRINGTON IL 60010 Construction 1166341 McWilliams Electrical Co 1401 Rodenburg Road SCHAUMBERG IL 60193 Construction/Electri 105390 3 0 AUDIT SERVICES 541900 16697729 16697729 REPORT SERVICES 541900 3152197 3138456 13741 MEMBERSHIP DUES 541900 1514699 1514699 21364625 441399 441399 0 0 3823815 -179 2213510 1610305 -179 1610126 1610126 0 0 0 OTHER INCOME 900099 -21845 -21845 ADMINISTRATIVE SERVICES 561000 25716 25716 3871 23420021 21350884 39457 2029680 0 0 0 0 3187641 0 10373894 1431777 1635107 1017260 0 141015 75216 0 0 31664 317924 254275 227803 133219 0 600392 1278303 0 436287 137361 0 397893 212825 REPAIRS AND MAINTENANCE 383942 DUES AND MEMBERSHIPS 27910 MISCELLANEOUS EXPENSE 63599 TRAINING AND EDUCATON 14076 NEW PRODUCT DEVELOPMENT 31171 22410554 2967986 2365396 11483593 10621519 331636 371939 13446635 5974283 7696635 7472352 10909674 11663768 2482784 2965277 35872308 35460251 3852278 4359749 1958067 1907884 30428179 28389229 36238524 34656862 X -366216 803389 -366216 803389 35872308 35460251 X 1009467 160138 X false true true X false false true false 0 960000 960000 0 4775780 202563 4573217 0 0 0 0 0 3500664 2964379 536285 0 4210191 2807341 1402850 7472352 PIMCO STOCKS PLUS 2965277 F 2965277 0 MEMBER ADVANCE DEPOSITS, NET 13878067 ACCRUED PENSION LIABILITY 4995952 INVESTMENT IN SUBSIDIARIES 9515210 28389229 23420021 22410554 1009467 -155880 877258 -561240 160138 1169605 23382191 846737 846737 22535454 884567 884567 23420021 22212629 -877258 679333 -197925 22410554 22410554 Part X, Line 2: The Bureau follows the accounting standards for contingencies in evaluating uncertain tax positions. This guidance prescribes recognition threshold principles for the financial statement recognition of tax positions taken or expected to be taken on a tax return that are not certain to be realized. No liability has been recognized by the bureau for uncertain tax positions as of August 31, 2011. The bureau's tax returns are subject to review and examination by federal and state authorities. The tax returns for the current year as well as fiscal years 2008 through 2010 are open to examination by federal and state authorities. Part XI, Line 8: Investment in ABVS $469,050 GAAP/Tax difference ($702,928) Prior period adjustment $877,258 Pension-related changes ($258,046) Foreign Currency Adjustment ($69,316) Part XII, Line 2d Subsidiary revenue included in separate return ($846,737) Part XIII, Line 2d Subsidiary expenses included in separate return ($377,687) Pension related changes other than net periodic pension cost ($258,046) Overhead Allocation 25,716 Foreign Currency Adjustment ($69,316) Part XII, Line 4b Overhead allocation $25,716 GAAP/TAX difference in investment activity $702,971 Net Unrealized Losses $155,880 North America 1 12 Program Services Circulation Auditing 1659564 1 12 1 12 1659564 1659564 false false false false false false Part I, Line 3, Column (f): Accrual method X X X true true X X X false true false Michael J Lavery 381831 0 71033 63901 132500 16108 665373 0 Paul Fajnor 129422 0 14755 22197 15754 182128 0 Michael K Moran 204479 0 28329 599 32499 16412 282318 0 Mark A Wachowicz 171722 0 18357 0 28986 15813 234878 0 Scott J Hanson 147696 0 16843 0 25614 15784 205937 0 Teresa Perry 142644 0 15384 0 25132 22417 205577 0 Kaydene Stachelski 138694 0 11511 0 23083 15767 189055 0 George Bartman 156134 0 12227 0 20068 220 188649 0 Neal Lulofs 139834 0 14268 0 23804 15770 193676 0 Joan Brehl 181765 0 14320 0 11669 207754 0 Part I Line 1a: First Class or Charter - the Audit Bureau of Circulations (ABC) Directors' travel policy allows all ABC Directors to be reimbursed with proper support documentation for a first class airline ticket when a trip requires more than three hours total flight time. Part I Line 1a: Travel for Companions - ABC will reimburse, with proper support documentation, travel expense associated with a companion. As such, ABC will include in and issue the appropriate government form (i.e. 1099). Part I Line 1a: Tax Indemnification and Gross up Payments - From time to time ABC will gross up payments associated with certain expenses (i.e. relocation, automobile). As such these amounts are included in the appropriate government tax form. Part I, Line 4b: Michael J. Lavery - $100,000 Audit Bureau of Circulations (ABC) maintains an executive retirement plan (ERP) and is subject to the provisions of Internal Revenue Code Section 457(f). Amounts attributed to ABC's ERP will vest 1) 50% upon the participant's attainment of age 62 and 50% upon the participant's attainment of age 65 or 2)partipant's termination of employment due to death or disability. Benefits will be paid in a single lump sum. Advance Publications ABC Director/Publishing 633542 Provide audit & report service false American Media Inc ABC Director/Publishing 252445 Provide audit & report service false Gannett Co Inc ABC Director/Publishing 877617 Provide audit & report service false Bonnier Corporation ABC Director/Publishing 627921 Provide audit & report service false Gatehouse Media Inc ABC Director/Publishing 124580 Provide audit & report service false American City Business Journals ABC Director/Publishing 278207 Provide audit & report service false California Newspapers Partnership ABC Director/Publishing 581814 Provide audit & report service false Form 990, Part I, Line 1 they use, for the independent verification and dissemination of our members' circulation, readership and audience information. Form 990, Part VI, Section A, line 6: The Audit Bureau of Circulations is a trade association whose members represent both the advertising and publishing industry. The Audit Bureau of Circulations' members participate in the election of Directors to the governing body, as well as serving on various advisory committees for the benefit of the advertising and publishing industry. Form 990, Part VI, Section A, Line 7a: Members of each of respective membership division, within the organization, who are present in person or by proxy and eligible to vote, are eligible to nominate and vote on the election of all the directors who will represent their respective membership division. Form 990, Part VI, Section A, line 7b: Members of each respective membership division are eligible to vote for ABC directors, membership eligibility requirements, approval of annual meeting minutes and other potential votes by members required by the Illinois Not-for-Profit Corporation Act. All decisions by the ABC Board of Directors are subject to the Bureau's bylaws governing special meetings. Form 990, Part VI, Section B, Line 11: As outlines in ABC's Audit Committee Charter, ABC's President, SVP-Finance and Administration and the Tax Partner from ABC's Public Accounting firm, review ABC's U.S. Form 990 with ABC's Audit Committee prior to submission to the IRS. This review is conducted at the ABC's May Audit Committee and consisted of a review of tax accounting principles, practices and judgments. Form 990, Part VI, Section B, Line 12c: All ABC Board members, as well as all ABC employees are required to sign a conflict of interest policy annually. Within the Conflict of Interest Policy is a requirement to divulge any conflict. The signed documents are retained by the ABC. Form 990, Part VI, Section B, Line 15a: During the annual review of ABC's fiscal budget, the ABC's Operations Committee will review and recommend to ABC's Board of Directors the approval of compensation for all ABC officers. The approval of the fiscal budget is documented in ABC's Board meeting minutes. In determining the President's compensation, ABC's Treasurer will seek and receive input from the Chair's of ABC Media Committees, plus the Chairman of the Board, plus use Form 990's from other not for profit organizations. ABC used an independent compensation consultant for the President in July 2007. Form 990, Part VI, Section C, Line 19: Upon completion of the annual financial audit, Audit Bureau of Circulations posts its consolidated financial statements on its website. In addition, the ABC's bylaws and rules are posted on its website. No other documents are available to the public. Form 990, Part XI, Line 5: Unrealized gains $30,832 Unrealized loss ($186,712) Investment in ABVS $469,050 Book/Tax adjustment ($702,928) Prior year adjustment $877,258 Pension-related changes ($258,046) Change in foreign currently ($69,316) ABC Report Services LLC 48 Seegers Road Arlington Hgts IL 60005 061639763 Admin/Product IL 1200523 716197 Audit Bureau Audit Bureau of Verification Services 48 West Seegers Road Arlington Heights IL 60005 364051356 Web Auditing IL C Corp 841794 53381 1.00000 Audit Bureau of Marketing Services 48 West Seegers Road Arlington Heights IL 60005 364405804 Trade Show Audits IL C-Corp 0 0 1.00000 false false false false false false false false false false false false false true false false false false Audit Bureau of Verification Services n 25716