2012-11-14T11:33:07-06:00 2011-12-31 521511275 RAFFA PC 1899 L STREET NW SUITE 900 WASHINGTON DC 20036 990 2011-01-01 340948453 SOCIETY FOR HUMAN RESOURCE MANAGEMENT SOCI 7035483440 1800 DUKE STREET ALEXANDRIA VA 223143499 MARY MOHNEY 7035483440 2012-11-14 1 FRANK H SMITH P00639053 2028225000 2012-11-13 2011 2016-02-24 21:20:13Z HENRY JACKSON 1800 DUKE STREET ALEXANDRIA VA 223143499 224527266 0 X WWW.SHRM.ORG X 1949 OH SHRM'S MISSION IS TO SERVE THE NEEDS OF HUMAN RESOURCE PROFESSIONALS. 13 12 360 7925 12353585 3043278 0 0 75311847 83840039 6641419 8201572 11834645 9831221 93787911 101872832 636300 625871 0 0 40124333 42996352 0 0 0 56259873 53264917 97020506 96887140 -3232595 4985692 177891001 174854312 53992252 67943531 123898749 106910781 X SHRM'S MISSION IS TO SERVE THE NEEDS OF HUMAN RESOURCE PROFESSIONALS BY PROVIDING THE MOST ESSENTIAL AND COMPREHENSIVE RESOURCES AVAILABLE AND TO ADVANCE THE HUMAN RESOURCE PROFESSION TO ENSURE THAT HUMAN RESOURCES IS RECOGNIZED AS AN ESSENTIAL PARTNER IN DEVELOPING AND EXECUTING ORGANIZATIONAL STRATEGY. 0 0 GOVERNMENT AND PUBLIC AFFAIRS: SHRM MONITORS CONGRESSIONAL ACTIONS THAT IMPACT HUMAN RESOURCE MANAGEMENT ISSUES AND REPRESENTS MEMBERS' POSITIONS ON PENDING LEGISLATION AND REGULATORY ISSUES. PUBLICATIONS: SHRM DEVELOPS VARIOUS PUBLICATIONS WHICH EDUCATE MEMBERS AND NON-MEMBERS BY PROVIDING ARTICLES AND INFORMATION RELEVANT TO THE HUMAN RESOURCE MANAGEMENT FIELD. SEMINARS AND EDUCATIONAL PRODUCTS: SHRM PROVIDES VARIOUS FORUMS AND PRODUCTS TO HELP EDUCATE HUMAN RESOURCE PROFESSIONALS AND DISSEMINATE INFORMATION ON HUMAN RESOURCE ISSUES AND PROVIDE A NETWORKING FORUM FOR SUCH PROFESSIONALS. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 X 206 0 1 360 1 1 1 1 IN CH CJ VI 0 0 0 0 X 13 12 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X MARY MOHNEY 7035483440 1800 DUKE STREET ALEXANDRIA VA 22314 X JOSE A BERRIOS 8.00 X X 35000 0 0 ROBB E VAN CLEAVE SPHR 8.00 X X 37557 0 0 MELVIN L ASBURY SPHR 8.00 X 20000 0 0 JEFFREY M CAVA 8.00 X 20000 0 0 JORGE CONSUEGRA 8.00 X 5000 0 0 CALVIN W FINCH CPA 8.00 X 20000 0 0 BETTE J FRANCIS SPHR 8.00 X 25000 0 0 CAROLYN GOULD SPHR GPHR CCP 8.00 X 0 0 0 JAMES A KAITZ 8.00 X 25000 0 0 GARY P LATHAM PHD 8.00 X 25000 0 0 MY-CHAU NGUYEN CPA 8.00 X 10000 0 0 VIRDA M RHEM SPHR 8.00 X 20000 0 0 GABRIELLE TOLEDANO 8.00 X 5000 0 0 HENRY G JACKSON CPA 37.50 X X 731860 0 265730 SHEILA FINLAYSON 37.50 X 155567 0 95896 HENRY A HART 37.50 X 367782 0 122351 MARY MOHNEY 37.50 X 313620 0 56054 BRIAN DICKSON 37.50 X 320038 0 53796 DEBRA J COHEN 37.50 X 338815 0 82246 GARY K RUBIN 37.50 X 388621 0 76581 JANET PARKER 37.50 X 366341 0 20287 STEVEN A MIRANDA 37.50 X 506030 0 74032 WILLIAM MARONI 37.50 X 277372 0 62711 AMY THOMPSON 37.50 X 212486 0 34557 DEBORAH A KEARY 37.50 X 185244 0 65714 ELIZABETH W BLOCK 37.50 X 162285 0 34958 HEIDI BYERLY 37.50 X 223361 0 54529 LISA L CONNELL 37.50 X 159826 0 37176 MARGO VICKERS 37.50 X 181717 0 57185 MARK SCHMIT 37.50 X 192797 0 41733 MICHAEL AITKEN 37.50 X 256547 0 61817 PAMELA J GREEN 37.50 X 235482 0 65473 SHIRLEY DAVIS 37.50 X 217725 0 48851 STACEY B HOLVENSTOT 37.50 X 277023 0 34383 TIM CANNY 37.50 X 213602 0 49423 CHAD HOUGHTON 37.50 X 213243 0 27196 SUSAN E BERGMAN 37.50 X 189635 0 99695 ELIZABETH O BILLE 37.50 X 183536 0 15061 STEVEN WILLIAMS 37.50 X 181705 0 21922 MARY K FERRARI 37.50 X 173918 0 53939 NANCY L VOLPE SPHR 5.50 X 117817 0 0 7591552 0 1713296 89 1 1 0 GMMB 1010 WISCONSIN AVENUE NW SUITE 80 WASHINGTON DC 20007 ADVERTISING/PR/PRINTING 4739010 HOLMES CORPORATION 2975 LONE OAK DRIVE SUITE 180 EAGAN MN 55121 DEVELOPMENT/PROMOTION 4445412 INVNT LLC 138 SPRING STREET 4TH FLOOR NEW YORK NY 10012 CONSULTING FIRM 1918943 MARKETING GENERAL INC 625 NORTH WASHINGTON ST 450 ALEXANDRIA VA 22314 PRINTING COMPANY 1834959 QUAD GRAPHICS PO BOX 930505 ATLANTA GA 31193 PRINTING COMPANY 1470488 90 MEMBERSHIP DUES 900099 39089271 39089271 ANNUAL CONFERENCE 900099 23668997 18745984 4923013 ADVERTISING 541800 12535746 12535746 SEMINARS 900099 5163875 5163875 OTHER CONFERENCES 900099 3352207 3186987 165220 29943 29943 83840039 2618132 2618132 1139602 1139602 1156034 1385895 -229861 -229861 -202562 -27299 121801489 116218049 5583440 5583440 5583440 13570083 5050490 8519593 8499192 20401 MISCELLANEOUS 900099 2454723 2454723 MAILING LIST RENTAL 900099 646154 646154 EQUITY IN EARNINGS 900099 -2698990 -2698990 401887 101872832 74715252 12353585 14803995 625871 7123641 25473134 5072525 3211957 2115095 399509 122290 319092 264423 10024294 5796295 8750596 2565008 1258087 2438583 11193071 2318361 363058 UBI TAXES 74669 AGENCY/SALES COMMISS. 2666084 CHAPTER SUPPORT 1722778 MISCELLANEOUS 1190774 1797945 96887140 300 391 13621861 10571364 1867171 2566227 1043294 1264925 2935707 4319617 60854097 26952022 33124950 33902075 100651040 103657920 21916536 14689859 2730142 3881934 177891001 174854312 11528387 11733586 26564302 28447557 5254075 4584803 10645488 23177585 53992252 67943531 X 123898749 106910781 123898749 106910781 177891001 174854312 X 4985692 -21973659 X 0 1 1 X 0 0 0 1 39089271 1924887 -3318276 -1393389 3127142 -4520531 5883310 5883310 33413575 9700426 23713149 12443894 10570275 1873619 9113318 6681321 2431997 33902075 K2 ADVISORS, LLC 6479775 F PRIVATE ADVISORS STABLE VALUE FUND, LTD. 7327543 F INVESTMENT IN SHRM - INDIA 633370 F INVESTMENT IN SHRM CORPORATION 249171 F 14689859 ACCRUED BENEFIT COST 22889350 DUE TO SHRM FROM AFFILIATE 288235 23177585 101872832 96887140 4985692 -10284503 425183 -12114339 -21973659 -16987967 97760291 -10284503 6436385 -3848118 101608409 264423 264423 101872832 103059102 6436385 6436385 96622717 264423 264423 96887140 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION 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 CONSOLIDATED FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON THE ORGANIZATION'S TAX-EXEMPT STATUS. PART XI, LINE 8 - OTHER ADJUSTMENTS: UNRECOGNIZED ACTUARIAL LOSS UNDER SFAS NO. 158 -12,114,339. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,050,490. RENTAL EXPENSES 1,385,895. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 5,050,490. RENTAL EXPENSES 1,385,895. SOUTH ASIA 0 0 PROGRAM SERVICES BUSINESS EDUCATION 5002175 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES BUSINESS EDUCATION 283894 NORTH AMERICA (WHICH INCLUDES CANADA AND MEXICO, BUT NOT THE U.S.) 0 0 PROGRAM SERVICES BUSINESS EDUCATION 5403 0 0 0 0 0 0 5291472 0 5291472 1 0 1 0 0 0 SHRM HAS A WHOLLY OWNED SUBSIDIARY, STRATEGIC HUMAN RESOURCE MANAGEMENT INDIA PRIVATE LIMITED, WHICH MAINTAINS THREE OFFICES WITH 44 EMPLOYEES AND INDEPENDENT CONTRACTORS AND PROVIDES PROGRAM SERVICES THROUGH BUSINESS EDUCATION IN SOUTH ASIA. SHRM HAS A WHOLLY OWNED SUBSIDIARY, SHRM CORPORATION WITH A BEIJING REGISTERED OFFICE, WHICH MAINTAINS ONE OFFICE WITH 3 EMPLOYEES AND FACILITATES PROGRAM SERVICES THROUGH BUSINESS EDUCATION IN EAST ASIA AND THE PACIFIC. 1 SHRM FOUNDATION 1800 DUKE STREET ALEXANDRIA VA 22314 346610067 501(C)(3) 538235 GENERAL OPERATING SUPPORT PEW CHARITABLE TRUST 901 E STREET NW WASHINGTON DC 200042008 562307147 501(C)(3) 50000 GENERAL OPERATING SUPPORT JOBS FOR AMERICA'S GRADUATES 1729 KING STREET SUITE 100 ALEXANDRIA VA 22314 521194546 501(C)(3) 10000 GENERAL OPERATING SUPPORT 4 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: DUE DILIGENCE IS PERFORMED FOR ALL POTENTIAL GRANT RECIPIENTS. GENERAL SUPPORT CONTRIBUTIONS ARE MADE TO WELL ESTABLISHED ORGANIZATIONS KNOWN FOR SUCCESSFUL OPERATIONS AND WORK. CONTRIBUTIONS FOR PARTICULAR PROJECTS OR EVENTS SUPPORT PROJECTS/EVENTS CLOSELY ALIGNED WITH SHRM'S MISSION AND OBJECTIVES. X X X 1 1 X X X X X 1 1 0 HENRY G JACKSON CPA 540392 0 186883 0 4585 0 251647 0 14083 0 997590 0 0 0 SHEILA FINLAYSON 136711 0 18448 0 408 0 89423 0 6473 0 251463 0 0 0 HENRY A HART 274219 0 90684 0 2879 0 115081 0 7270 0 490133 0 0 0 MARY MOHNEY 250923 0 62117 0 580 0 37295 0 18759 0 369674 0 0 0 BRIAN DICKSON 267837 0 50640 0 1561 0 46432 0 7364 0 373834 0 0 0 DEBRA J COHEN 245059 0 81953 0 11803 0 74476 0 7770 0 421061 0 0 0 GARY K RUBIN 279856 0 107762 0 1003 0 62436 0 14145 0 465202 0 0 0 JANET PARKER 238935 0 60194 0 67212 0 7350 0 12937 0 386628 0 0 0 STEVEN A MIRANDA 195245 0 170821 0 139964 0 56083 0 17949 0 580062 0 0 0 WILLIAM MARONI 170790 0 105332 0 1250 0 61744 0 967 0 340083 0 0 0 AMY THOMPSON 187230 0 24896 0 360 0 21420 0 13137 0 247043 0 0 0 DEBORAH A KEARY 162583 0 20351 0 2310 0 58801 0 6913 0 250958 0 0 0 ELIZABETH W BLOCK 142528 0 19100 0 657 0 28450 0 6508 0 197243 0 0 0 HEIDI BYERLY 180676 0 42090 0 595 0 40090 0 14439 0 277890 0 0 0 LISA L CONNELL 138137 0 21410 0 279 0 24034 0 13142 0 197002 0 0 0 MARGO VICKERS 155010 0 25322 0 1385 0 42596 0 14589 0 238902 0 0 0 MARK SCHMIT 175392 0 16553 0 852 0 35031 0 6702 0 234530 0 0 0 MICHAEL AITKEN 225070 0 30845 0 632 0 42962 0 18855 0 318364 0 0 0 PAMELA J GREEN 175827 0 59065 0 590 0 46448 0 19025 0 300955 0 0 0 SHIRLEY DAVIS 189396 0 27725 0 604 0 35011 0 13840 0 266576 0 0 0 STACEY B HOLVENSTOT 222883 0 53681 0 459 0 33432 0 951 0 311406 0 0 0 TIM CANNY 159394 0 21440 0 32768 0 30901 0 18522 0 263025 0 0 0 CHAD HOUGHTON 182768 0 30131 0 344 0 20174 0 7022 0 240439 0 0 0 SUSAN E BERGMAN 163169 0 24158 0 2308 0 85602 0 14093 0 289330 0 0 0 ELIZABETH O BILLE 160728 0 22511 0 297 0 14078 0 983 0 198597 0 0 0 STEVEN WILLIAMS 160246 0 21134 0 325 0 20922 0 1000 0 203627 0 0 0 MARY K FERRARI 152032 0 21151 0 735 0 35307 0 18632 0 227857 0 0 0 NANCY L VOLPE SPHR 117817 0 0 0 0 0 0 0 0 0 117817 0 0 0 PART I, LINE 1A IT IS SHRM'S POLICY TO ALLOW FIRST CLASS TRAVEL TO ANY EMPLOYEE OR DIRECTOR FLYING INTERNATIONAL OR FLYING 5 HOURS OR LONGER. SHRM MAY ALSO PROVIDE TAX INDEMNIFICATION PAYMENTS FOR RELOCATION EXPENSES. IN 2011, 3 KEY EMPLOYEES AND 3 DIRECTORS RECIEVED FIRST CLASS TRAVEL BENEFITS. 1 KEY EMPLOYEE AND 1 DIRECTOR RECEIVED TAX INDEMNIFICATION BENEFITS. ALL BOARD OF DIRECTORS AND CEO FLY BUSINESS/FIRST CLASS. PART I, LINES 4A-B SHRM MAINTAINS AN UNQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR EXECUTIVES WHO MEET CERTAIN CRITERIA. THE PLAN IS UNFUNDED AND MAINTAINS NO ASSETS. AS OF DECEMBER 2011, DEBRA J. COHEN, HENRY A. HART, HENRY G. JACKSON, AND GARY K. RUBIN WERE PARTICIPANTS IN THE PLAN. STEVE A. MIRANDA, CHIEF HR OFFICER, RECEIVED A TOTAL SEVERANCE PAYMENT OF $139,202 FOR THE YEAR ENDED DECEMBER 31, 2011. FORM 990, PART VI, SECTION A, LINE 6 THE BYLAWS OF SHRM PROVIDE FOR 8 CLASSES OF MEMBERSHIP AS FOLLOWS: 1)PROFESSIONAL MEMBERS; 2)GENERAL MEMBERS; 3)ASSOCIATE MEMBERS; 4)LIFE MEMBERS; 5)RETIRED ANNUAL MEMBERS; 6)STUDENT MEMBERS; 7)GLOBAL MEMBERS; 8)SPECIAL EXPERTISE MEMBERS. NO CORPORATE MEMBERSHIPS ARE PERMITTED. THE REQUIREMENTS AND PRIVILEGES OF THE VARIOUS MEMBERSHIP CLASSES ARE SPECIFIED IN ARTICLE II OF SHRM'S BYLAWS. FORM 990, PART VI, SECTION A, LINE 7A ELECTIONS OF OFFICERS AND DIRECTORS ARE CONDUCTED BY MAIL BALLOT IN ACCORDANCE WITH PROVISIONS OUTLINED IN ARTICLE VIII OF SHRM'S BYLAWS. EVERY PROFESSIONAL, GENERAL, SPECIAL EXPERTISE, RETIRED LIFE, PROFESSIONAL LIFE AND PAST CHAIR LIFE MEMBER OF SHRM IN GOOD STANDING SHALL BE ENTITLED TO ONE VOTE IN THE ELECTION OF SHRM'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B IN ACCORDANCE WITH THE OHIO NONPROFIT CORPORATION ACT, MEMBERS MUST APPROVE CERTAIN CHANGES TO THE ORGANIZATION'S ARTICLES OF INCORPORATION, SUCH AS INSTANCES OF MERGERS OR CONSOLIDATIONS. FORM 990, PART VI, SECTION B, LINE 11 SHRM'S FEDERAL FORM 990 IS REVIEWED BY THE ACCOUNTING STAFF OF SHRM, INCLUDING THE CONTROLLER AND CFO. SUCH REVIEW TAKES PLACE UPON RECEIPT OF THE DRAFT FORM 990 FROM THE INDEPENDENT PUBLIC ACCOUNTING FIRM WHO CONDUCTS THE FINANCIAL STATEMENT AUDIT OF SHRM. THE REVIEW INCLUDES THE COMPARISON OF FINANCIAL DATA IN THE FEDERAL FORM 990 WITH THE AUDITED FINANCIAL STATEMENTS AND THE BOOKS AND RECORDS OF SHRM, AND THE NARRATIVE INFORMATION FOR ACCURACY AND COMPLETENESS. ADDITIONALLY, THE BOARD OF DIRECTORS HAS DELEGATED REVIEW OF THE FEDERAL FORM 990 TO THE CHAIR OF THE AUDIT COMMITTEE. AFTER THE REVIEW OF THE FORM 990 BY THE CHAIR OF THE AUDIT COMMITTEE, THE FORM IS SENT TO THE FULL BOARD OF DIRECTORS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SHRM 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. ADDITIONALLY, THE SHRM EMPLOYEE CODE OF CONDUCT APPLIES TO ALL SHRM EMPLOYEES; AND ALL SHRM EMPLOYEES RECEIVE A COPY OF THE CODE OF CONDUCT AND RETURN AN ACKNOWLEDGEMENT TO THE SHRM 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 SHRM'S INTENT TO AVOID IMPROPRIETY IN ALL OF ITS DECISIONS AND ACTIONS. THE CODE OF CONDUCT REQUIRES EMPLOYEES TO AVOID TRANSACTIONS, ACTIVITIES AND RELATIONSHIPS WHICH PLACE THEIR PERSONAL INTERESTS IN CONFLICT WITH SHRM'S; NOT TO USE SHRM ASSETS OR THEIR POSITION AT SHRM FOR PERSONAL USE OR GAIN; NOT TO ACCEPT GIFTS FROM VENDORS UNLESS WITHIN SPECIFIED GIFT GUIDELINES. 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, THEIR DIVISION CHIEF OR HUMAN RESOURCES. AT MINIMUM, IF AN EMPLOYEE OR HIS/HER IMMEDIATE FAMILY MEMBER HAVE AN INTEREST IN A VENDOR THE EMPLOYEE IS REQUIRED TO DISCLOSE SUCH CONFLICT OF INTEREST TO THEIR DIVISION CHIEF (OR CEO IF THEY ARE A DIVISION CHIEF) AND THE EMPLOYEE MUST NOT BE INVOLVED IN THE SELECTION, MANAGEMENT OR OVERSIGHT OF SUCH VENDOR. IN ADDITION, ALL CONTRACTS OF OVER $5,000 ARE REQUIRED TO BE REVIEWED BY THE GENERAL COUNSEL'S OFFICE AND TO BE PRESENTED TO GENERAL COUNSEL UNDER A COMPLETED SHRM CONTRACT ROUTING FORM. THAT SHRM 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 CEO COMPENSATION IS SET BY THE BOARD OF DIRECTORS' COMPENSATION AND ORGANIZATION COMMITTEE. COMPENSATION OF THE 10% HIGHEST PAID EMPLOYEES AT SHRM IS RECOMMENDED BY AN INDEPENDENT COMPENSATION CONSULTANT, THROUGH REVIEW OF RELEVANT COMPARABILITY DATA. THE RECOMMENDATION IS DISCUSSED AND SUBSTANTIATED BY THE CEO AND CHRO. COMPENSATION AMOUNTS ARE DIRECTLY LINKED TO THE INDIVIDUAL'S PERFORMANCE RATING. THE SHRM BOARD OF DIRECTORS APPROVES A REASONABLE LEVEL OF HONORARIA FOR ALL BOARD MEMBERS, INCLUDING THE BOARD CHAIR AND IMMEDIATE PAST CHAIR, WHO ARE OFFICERS OF THE CORPORATION. THE SHRM GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS RECOMMENDS THE HONORARIA FOR ALL BOARD MEMBERS, AND THE FULL BOARD THEN APPROVES THE HONORARIA LEVEL. IN RECOMMENDING AND APPROVING THE HONORARIA AND ITS LEVEL, THE GOVERNANCE COMMITTEE AND BOARD OF DIRECTORS RESPECTIVELY HAVE BEFORE THEM AT THE TIME OF RECOMMENDATION/APPROVAL AND RELY UPON SURVEYS AND AN OPINION OF AN OUTSIDE NATIONALLY RECOGNIZED COMPENSATION EXPERT SUPPORTING THE REASONABLENESS OF THE HONORARIA. THE OHIO NON-PROFIT CORPORATION ACT UNDER WHICH SHRM IS INCORPORATED AT OHIO CODE SECTION 1702.301 EXPRESSLY ALLOWS DIRECTORS TO VOTE TO ESTABLISH REASONABLE COMPENSATION FOR THEMSELVES, "IRRESPECTIVE OF ANY FINANCIAL OR PERSONAL INTEREST OF ANY OF THE DIRECTORS." FORM 990, PART VI, SECTION C, LINE 19 SHRM'S ANNUAL FINANCIAL STATEMENTS ARE PUBLISHED IN ITS ANNUAL REPORT WHICH IS AVAILABLE TO THE PUBLIC ON SHRM'S WEBSITE. SHRM'S BYLAWS ARE ALSO AVAILABLE TO THE PUBLIC ON SHRM'S WEBSITE. SHRM'S ARTICLES OF INCORPORATION ARE AVAILABLE ON THE OHIO SECRETARY OF STATE CORPORATE DIVISION WEBSITE. SHRM WILL CONSIDER MAKING ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. 990 PART VII, COLUMN F & SCH J, PART II, COLUMN C THE METHOD USED TO CALCULATE THE VALUE OF ANNUAL PENSION BENEFITS HAS BEEN CHANGED TO A PRESENT VALUE ACTUARIAL CALCULATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -10,284,503. PRIOR PERIOD ADJUSTMENTS: 425,183. UNRECOGNIZED ACTUARIAL LOSS UNDER SFAS NO. 158 -12,114,339. TOTAL TO FORM 990, PART XI, LINE 5: -21,973,659. SHRM FOUNDATION 1800 DUKE STREET ALEXANDRIA VA 223143499 346610067 RESEARCH/SUPPORT HR STANDARDS VA 501(C)(3) LINE 7 SOCIETY FOR HUMAN RESOURCE MANAGEMENT 1 SHRM CORPORATION 1800 DUKE STREET ALEXANDRIA VA 223143499 760839798 ON-LINE JOBS ADVERTISING PROGRAM VA N/A C 3581745 604465 1.00000 STRATEGIC HUMAN RESOURCE MGM'T INDIA 702 VIBGYOR TOWERS PLOT NO C-62 7 MUMBAI IN 802212005 HR RESEARCH AND EDUCATIONAL PROGRAMS IN INDIA IN N/A C 893423 2589530 1.00000 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 1 SHRM CORPORATION M 169108 CASH SHRM CORPORATION N 246442 CASH SHRM CORPORATION O 341549 CASH SHRM CORPORATION P 911173 CASH SHRM CORPORATION R 1180000 CASH STRATEGIC HUMAN RESOURCE MGM'T INDIA B 5000000 CASH SHRM FOUNDATION B 538235 CASH SHRM FOUNDATION N 284266 CASH SHRM FOUNDATION P 79446 CASH SHRM FOUNDATION O 44986 CASH SHRM FOUNDATION M 64440 FMV STRATEGIC HUMAN RESOURCE MGM'T INDIA L 52635 CASH