2012-11-14T10:25:48-06:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 346610067 SHRM FOUNDATION INC SHRM 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 MARY MOHNEY 7035483440 2012-11-14 1 FRANK H SMITH P00639053 2028225000 2012-11-12 2011 2016-02-24 21:20:13Z JEFF PON 1800 DUKE STREET ALEXANDRIA VA 223143499 17610554 0 X WWW.SHRM.ORG/FOUNDATION X 1966 OH SUPPORT DEVELOPING AND RAISING HUMAN RESOURCE MANAGEMENT PERFORMANCE STANDARDS. 15 15 6 0 0 0 2383520 3193877 0 0 331239 900812 893 3376 2715652 4098065 725909 752385 0 0 582012 712884 0 13503 354649 694740 777320 2002661 2256092 712991 1841973 15694223 16166202 305437 531243 15388786 15634959 X THE MISSION OF SHRM FOUNDATION IS TO ADVANCE AND DEVELOP HIGHER STANDARDS OF PERFORMANCE IN THE FIELD OF HUMAN RESOURCE MANAGEMENT THROUGH RESEARCH AND DEVELOPMENT PROJECTS; TO FOSTER AND ENCOURAGE RESEARCH; TO ESTABLISH SCHOLARSHIPS, FELLOWSHIPS AND SIMILAR EDUCATIONAL AIDS; TO MAKE GRANTS TO INDIVIDUALS OR INSTITUTIONS INVOLVED WITH HUMAN RESOURCE MANAGEMENT RESEARCH OR DEVELOPMENT ACTIVITIES; TO SPONSOR THE PUBLICATION OF LEARNED PAPERS, BOOKS, AND JOURNALS RELATED TO THE FIELD OF HUMAN RESOURCE MANAGEMENT GENERALLY. NOTWITHSTANDING THE FOREGOING PURPOSES, THIS CORPORATION SHALL NEVER ENGAGE IN ANY ACTIVITY AND SHALL NEVER MAKE ANY CONTRIBUTION FOR THE PURPOSE, DIRECTLY OR INDIRECTLY, OF CARRYING ON ADVOCACY OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION. 0 0 983325 752385 THE FOUNDATION CONDUCTS AND SUPPORTS RESEARCH STUDIES IN THE FIELD OF HUMAN RESOURCE MANAGEMENT. 425768 3376 THE FOUNDATION PRODUCES PUBLICATIONS, BOOKS AND VIDEOS AS A MEANS OF DISSEMINATING RELEVANT RESEARCH STUDY INFORMATION RELATED TO THE FIELD OF HUMAN RESOURCE MANAGEMENT TO THE GENERAL PUBLIC. 1409093 1 1 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 0 1 0 1 125 0 1 6 1 0 0 0 0 0 1 1 0 0 0 0 X 15 15 0 1 1 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ CA CO CT FL GA IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X MARY MOHNEY 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 WILLIAM A SCHIEMANN PHD 1.00 X X 0 0 0 HOWARD J KLEIN PHD 1.00 X X 0 0 0 LYNN C OUTWATER ESQ SPHR 1.00 X X 0 0 0 PETER CAPPELLI PHD 1.00 X 0 0 0 JUDITH L CLARK SPHR CPC 1.00 X 0 0 0 TOM DARROW 1.00 X 0 0 0 MARY A GOWAN PHD 1.00 X 0 0 0 FRANCES HUME SPHR GPHR 1.00 X 0 0 0 RICHARD KLIMOSKI PHD 1.00 X 0 0 0 MERRY LEE LISON SPHR GPHR 1.00 X 0 0 0 JANET PARKER SPHR GPHR 1.00 X 0 366341 20287 NEREIDA NEDDY PEREZ 1.00 X 0 0 0 SUSAN PODLOGAR 1.00 X 0 0 0 JAMES R SCHULTZ SPHR GPHR 1.00 X 0 0 0 M SUSAN TAYLOR PHD 1.00 X 0 0 0 PADMA THIRUVENGADAM 1.00 X 0 0 0 KAREN SILBERMAN CAE 37.50 X 181339 0 19583 181339 366341 39870 1 0 1 0 0 538235 2655642 47624 3193877 355395 355395 14057758 13512341 545417 545417 545417 3524 148 3376 3376 4098065 3376 0 900812 323253 323253 281448 281448 147684 147684 200922 110507 30138 60277 359112 181162 70217 107733 10520 5083 2281 3156 104459 52939 20182 31338 37871 20829 5681 11361 23664 23664 92349 92349 13503 13503 112933 112933 137178 133479 1232 2467 399 399 119183 27805 23037 68341 13865 7242 5236 1387 238366 116540 103297 18529 FEES EXPENSE 25149 797 24352 MISCELLANEOUS 13232 723 304 12205 DUES/SUBSCRIPTIONS 1002 1002 2256092 1409093 492350 354649 127603 655102 1317798 3184170 157323 333491 8693 7561 1916 12570796 10055290 480850 857942 1031160 1070730 15694223 16166202 230286 222205 75151 309038 305437 531243 X 13496982 13038176 1195915 1996783 695889 600000 15388786 15634959 15694223 16166202 X 1841973 -1595800 X 0 1 1 X 0 X 2733146 2318658 2185327 2383520 3193877 12814528 2733146 2318658 2185327 2383520 3193877 12814528 7647753 5166775 294658 288478 323787 286471 355395 1548789 14363317 21885 0.35970 0.34030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1416858 -47084 1369774 1357501 59357 1416858 1300000 57501 1357501 800000 500000 1300000 0.51100 0.43810 0.05090 0 0 0 CERTIFICATES OF DEPOSITS 857942 F 857942 DUE FROM AFFILIATES 1038235 INTEREST RECEIVABLE 32495 1070730 DUE TO AFFILIATE 225153 ACCRUED PENSION COST 83885 309038 4098065 2256092 1841973 -1483930 -159209 47339 -1595800 246173 2858607 -1483930 357257 148 -1126525 3985132 112933 112933 4098065 2500564 357257 148 357405 2143159 112933 112933 2256092 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: IN ACCORDANCE WITH DONOR RESTRICTIONS, EARNINGS ON THE GENERAL ENDOWMENT ARE CONSIDERED AVAILABLE TO SUPPORT THE GENERAL OPERATIONS OF THE FOUNDATION AND ARE THEREFORE RECOGNIZED AS UNRESTRICTED SUPPORT. EARNINGS UP TO $10,000 ANNUALLY FROM INTEREST AND DIVIDENDS ON THE SUSAN R. MEISSINGER FELLOWSHIP PERMANENT ENDOWMENT ARE TO BE AVAILABLE TO SUPPORT AN ANNUAL AWARD OF UP TO $10,000. REALIZED GAINS AND UNREALIZED APPRECIATION ARE REQUIRED BY THE DONOR TO BE RE-INVESTED IN THIS PERMANENTLY RESTRICTED FUND. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION 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 47,339. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 148. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 148. 1 EUROPE (INCLUDING ICELAND AND GREENLAND) 0 0 GRANTS TO RECIPIENTS LOCATED IN THIS REGION. 147684 0 0 0 0 0 0 147684 0 147684 X EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH GRANT 6940 WIRE EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH GRANT 34484 WIRE EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH GRANT 55950 WIRE EUROPE (INCLUDING ICELAND AND GREENLAND) RESEARCH GRANT 48810 WIRE 0 4 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE U.S.: SCHEDULE F, PART I, LINE 2: ON AN ANNUAL BASIS, GRANT RECIPIENTS ARE REQUIRED TO SEND IN THREE PROJECT UPDATES EXPLAINING THEIR PROGRESS ON THE RESEARCH. WHEN REQUESTING REIMBURSEMENTS, THE GRANT RECIPIENTS SEND DETAILED INVOICES ACCOUNTING FOR THE EXPENSES. 1 GEORGIA STATE UNIVERSITY PO BOX 3399 ATLANTA GA 300303999 580603146 501(C)(3) 59342 HR RESEARCH REGENTS OF THE UNIVERSITY PO BOX 1450 MINEPOLIS MN 55483 416007513 501(C)(3) 47979 HR RESEARCH UNIVERSITY OF SOUTHERN CALIFORNIA UNIVERSITY PARK LOS ANGELES CA 900742095 951642394 501(C)(3) 39593 HR RESEARCH GEORGE MASON UNIVERSITY 4301 UNIVERSITY DR SUITE 200 FAIRFAX VA 220303409 540836354 501(C)(3) 36130 HR RESEARCH PORTLAND STATE UNIVERSITY PO BOX 751 BORA PORTLAND OR 972070751 481278529 501(C)(3) 35057 HR RESEARCH EXECUTIVE ED CENTER PO BOX 93113 CLEVELAND OH 44193 616033693 501(C)(3) 45449 HR RESEARCH UNIVERSITY OF ILLINOIS - WAYNE COUNTY 601 S MORGAN ST ROOM 2205 CHICAGO IL 60607 376000511 501(C)(3) 12451 HR RESEARCH RUTGERS THE STATE UNIVERSITY 3 RUTGERS PLAZA NEW BRUNSWICK NJ 08901 226001086 501(C)(3) 7146 HR RESEARCH UNIVERSITY OF MEMPHIS PO BOX 1000 DEPT 313 MEMPHIS TN 381480313 620648618 501(C)(3) 5458 HR RESEARCH 9 0 RESEARCH GRANTS 7 21632 ACADEMIC AWARDS 20 40000 CERTIFICATION AWARDS 75 56250 DISSERTATION AWARDS 4 20000 BARBARA SANCHEZ AWARDS 5 7500 CHAPTER AWARDS 3 3000 STUDENT SCHOLORSHIPS 37 51900 WAYNE CASCIO-MICHAEL LOSEY AWARDS 1 50000 STUDENT ADVISOR AWARDS 2 2000 SUSAN MEISINGER SCHOLARSHIPS 2 29166 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: ON AN ANNUAL BASIS, GRANT RECIPIENTS ARE REQUIRED TO SEND IN THREE PROJECT UPDATES EXPLAINING THEIR PROGRESS ON THE RESEARCH. WHEN REQUESTING REIMBURSEMENTS, THE GRANT RECIPIENTS SEND DETAILED INVOICES ACCOUNTING FOR THE EXPENSES. X X 0 0 0 0 0 0 1 1 0 JANET PARKER SPHR GPHR 0 238935 0 60194 0 67212 0 7350 0 12937 0 386628 0 0 KAREN SILBERMAN CAE 158570 0 22445 0 324 0 12701 0 6882 0 200922 0 0 0 SUPPLEMENTAL INFORMATION PART III JANET PARKER, SPHR, GPHR WAS AN EMPLOYEE OF SHRM COMPENSATED IN THE CAPACITY AS SVP, MEMBER SERVICES. SUPPLEMENTAL INFORMATION PART III PART I, LINE 6 & 7: ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE AN INCENTIVE COMPENSATION PAYMENT BASED ON THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM), A RELATED ENTITY FOR GAAP FINANCIAL REPORTING PURPOSES, MEETING KEY PERFORMANCE GOALS. THE GOALS ARE APPROVED BY THE SHRM BOARD OF DIRECTORS AND INCLUDE MEMBER SATISFACTION, MEMBER RETENTION, NEW PROFESSIONAL MEMBERS, PROVIDING 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. AFTER THE CALENDAR YEAR, THE SHRM BOARD REVIEWS ACTUAL RESULTS VERSUS THE GOALS AND APPROVES THE INCENTIVE COMPENSATION PAYMENTS. FOR 2011, SHRM EXCEEDED ITS FINANCIAL GOAL AND PAID EMPLOYEES INCENTIVE COMPENSATION BASED ON THEIR FINANCIAL RESULTS RANGING FROM .6% TO 1.72% OF AN EMPLOYEE'S ANNUAL COMPENSATION. X 2 600 SALES PRICE X 10 6559 SALES PRICE X 2 1075 SALES PRICE X JEWELRY 27 3040 SALES PRICE X ELECTRONICS 28 8490 SALES PRICE X TRIPS 28 20530 SALES PRICE X MISCELLANEOUS OTHER SECURITIES 45 7330 SALES PRICE 0 0 1 THIRD PARTY USE: PART I, LINE 32B: THE FOUNDATION USED THE BEST COMPANIES TO HOLD AN ONLINE AUCTION. FORM 990, PART VI, SECTION A, LINE 3 THE FOUNDATION HAS A MANAGEMENT AGREEMENT WITH THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) WHEREBY SHRM PROVIDES FINANCIAL MANAGEMENT SERVICES ON A PRO-BONO BASIS AND SERVES AS THE CFO AND CONTROLLER OF THE FOUNDATION. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS APPROVED AN AMENDMENT TO THE SECTION OF ITS BYLAWS DEALING WITH THE ELECTION OF DIRECTORS, TO (1) PROVIDE THAT THE BOARD MAY MAKE AN EXCEPTION TO THE USUAL TERM LENGTH FOR DIRECTORS (3 YEARS) WHERE, DUE TO RESIGNATIONS, REMOVALS, OR OTHER CONSIDERATIONS, A ONE OR TWO YEAR TERM OF OFFICE MAY BE APPROPRIATE; AND (2) CLARIFY THAT THE GUIDELINE THAT ONE-THIRD OF THE DIRECTORS BE ELECTED EVERY YEAR IS NOT MANDATORY. FORM 990, PART VI, SECTION A, LINE 7A EFFECTIVE JANUARY 1, 2011, THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT'S (SHRM) BOARD OF DIRECTORS ARE REQUIRED TO ELECT THE DIRECTORS OF THE FOUNDATION'S BOARD. FORM 990, PART VI, SECTION B, LINE 11 THE FOUNDATION'S FEDERAL FORM 990 IS REVIEWED BY THE ACCOUNTING STAFF OF THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM), INCLUDING THE CONTROLLER AND CFO, THE EXECUTIVE DIRECTOR OF THE FOUNDATION, AND THE TREASURER OF THE FOUNDATION'S BOARD. SUCH REVIEWS TAKE PLACE UPON RECEIPT OF THE DRAFT FORM 990 PREPARED BY THE INDEPENDENT PUBLIC ACCOUNTING FIRM THAT CONDUCTS THE FINANCIAL STATEMENT AUDIT OF THE FOUNDATION. THE REVIEW INVOLVES A CHECK OF ALL NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS AND A COMPARISON OF FINANCIAL DATA WITH THE AUDITED FINANCIAL STATEMENTS AND THE BOOKS AND RECORDS OF THE ORGANIZATION. ADDITIONALLY, ALL MEMBERS OF THE BOARD HAVE THE OPPORTUNITY TO REVIEW. PRIOR TO FILING THE FORM 990 WITH THE IRS, A COMPLETE COPY IS PROVIDED TO ALL VOTING MEMBERS OF THE FOUNDATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD CONFLICT OF INTEREST POLICY PROVIDES THE FOLLOWING PROCEDURES FOR ADDRESSING POTENTIAL CONFLICTS OF INTEREST THAT MAY REQUIRE BOARD OR COMMITTEE ACTION, SUCH AS: 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE 10% HIGHEST PAID EMPLOYEES AT THE SHRM FOUNDATION IS RECOMMENDED BY AN INDEPENDENT COMPENSATION CONSULTANT THROUGH REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE SOCIETY FOR HUMAN RESOURCE MANAGEMENT (SHRM) CEO AND/OR CHRO. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION 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: -1,483,930. PRIOR PERIOD ADJUSTMENTS: -159,209. PENSION-RELATED CHARGES OTHER THAN NET PERIODIC PENSION COST 47,339. TOTAL TO FORM 990, PART XI, LINE 5: -1,595,800. SOCIETY FOR HUMAN RESOURCE MANAGEMENT 1800 DUKE STREET ALEXANDRIA VA 223143499 340948453 SERVE NEEDS OF HR PROFESSIONALS. OH 501(C)(6) N/A N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 SOCIETY FOR HUMAN RESOURCE MANAGEMENT C 538235 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT N 284266 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT O 79446 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT P 44986 CASH SOCIETY FOR HUMAN RESOURCE MANAGEMENT M 64440 FMV