2011-11-14T15:30:22-06:00 2010-12-31 LEGACY PROFESSIONALS LLP 311 S WACKER DRIVE SUITE 4000 CHICAGO IL 60606 990 2010-01-01 391034021 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTE 2627866700 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 MICHAEL WILSON 2627866700 2011-11-14 1 LEGACY PROFESSIONALS LLP 3123680500 2010 2016-03-07 17:11:31Z MICHAEL WILSON 18700 W BLUEMOUND RD PO BOX 69 BROOKFIELD WI 530080069 33924704 0 X WWW.IFEBP.ORG X 1954 WI EDUCATIONAL SOURCE FOR EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY. 44 44 143 44 402662 106926 0 0 21758551 24032643 1111813 1135770 1346166 1441415 24216530 26609828 806 1570 0 0 10664933 10272429 0 0 0 13794081 15125747 24459820 25399746 -243290 1210082 30196943 30330910 20832054 19636637 9364889 10694273 X THE INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS IS A NONPROFIT ORGANIZATION, DEDICATED TO BEING A LEADING OBJECTIVE AND INDEPENDENT GLOBAL SOURCE OF EMPLOYEE BENEFITS, COMPENSATION, AND FINANCIAL LITERACY EDUCATION AND INFORMATION. 0 0 7971460 1570 15303600 EDUCATIONAL PROGRAMS, SERVICES AND CONFERENCES RELATED TO EMPLOYEE BENEFIT PLANS. 3841485 0 3950302 EDUCATION AND CERTIFICATION PROGRAMS RELATED TO THE CERTIFIED EMPLOYEE BENEFITS SPECIALIST DESIGNATION. 2679464 0 4732601 RESEARCH, SURVEYS AND INFORMATION RESOURCES REGARDING EMPLOYEE BENEFITS. 2695233 0 1084893 OTHER PROGRAM SERVICES INCLUDE THE FOLLOWING:- PRODUCTION OF PUBLICATIONS, INFORMATION SERVICES AND RESEARCH FOR EMPLOYEE BENEFIT PLANS.- DEVELOPMENT, PRODUCTION, AND SUPPORT OF E-LEARNING EDUCATIONAL COURSES.- PROMOTION, MARKETING, AND SALES OF PROGRAMS. 2695233 1084893 17187642 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 1 258 0 1 143 1 1 1 1 CJ CA 0 0 0 0 0 0 0 0 X 44 44 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X AL HAMWRIGHT 2627866700 18700 W BLUEMOUND RD BROOKFIELD WI 530080069 SIMONE L ROCKSTROH 10.00 X X 0 0 0 JOHN J SIMMONS 9.00 X X 4435 0 0 RICHARD LYALL 3.00 X X 0 0 0 GEORGE R LAUFENBERG 3.00 X X 0 0 0 JOEL A BOONE 3.00 X 2500 0 0 MAURO CANORI 3.00 X 6848 0 0 DANNY DONOHUE 3.00 X 4500 0 0 DAVID N HARVEY 3.00 X 0 0 0 JORDAN BACKMAN 1.00 X 0 0 0 JAIME BARTON 1.00 X 0 0 0 RODERICK S BASHIR 1.00 X 4921 0 0 KENNETH J BAUWENS 1.00 X 0 0 0 KENNETH R BOYD 1.00 X 4332 0 0 BART O CARRIGAN 1.00 X 0 0 0 PETER F CASTELLARIN 1.00 X 0 0 0 J SPARB COLLINS 1.00 X 4435 0 0 DONALD D CROSATTO 1.00 X 0 0 0 STEPHEN S ERDMANN 1.00 X 2170 0 0 GARY J FOX 1.00 X 0 0 0 THERESA KERN 1.00 X 0 0 0 BERNARD C KNOBBE 1.00 X 2121 0 0 WILLIAM C LIGETTI JR 1.00 X 920 0 0 C JAMES LOWTHERS 1.00 X 0 0 0 GERALD A LUND 1.00 X 0 0 0 STEPHEN J MACK 1.00 X 5646 0 0 LAURIE A MELE 1.00 X 2497 0 0 JAMES MURPHY 1.00 X 0 0 0 LEONARD P O'NEILL 1.00 X 4433 0 0 JODY OSTERWEIL 1.00 X 2821 0 0 ANTHONY M PERRONE 1.00 X 0 0 0 CHERIE PLEASANT 1.00 X 0 0 0 STEVEN M POWELL 1.00 X 0 0 0 GENE H PRICE 1.00 X 0 0 0 JACK RAMAGE 1.00 X 0 0 0 ALAN H RAPHAEL 1.00 X 0 0 0 REGINA C REARDON 1.00 X 8710 0 0 DAVID V REPKO 1.00 X 0 0 0 RICHARD R RICKLIN 1.00 X 0 0 0 JAMES ROBERTS 1.00 X 0 0 0 JAMES E SCHREIBER 1.00 X 687 0 0 MARIANNE STEGER 1.00 X 841 0 0 THOMAS W STIEDE 1.00 X 4833 0 0 MICHAEL L WILLIAMSON 1.00 X 0 0 0 COREY J WIRTH 1.00 X 4392 0 0 MICHAEL WILSON 40.00 X 306289 0 57619 WILLIAM A MARTIN 1.00 X 0 0 0 ANDREW DOUGLAS 3.00 X 7095 0 0 ALBERT HAMWRIGHT 40.00 X 147093 0 33154 DANIEL GRAHAM 40.00 X 140190 0 40656 DAVID VAN ZEELAND 40.00 X 131758 0 45516 DEE BIRSCHEL 40.00 X 129443 0 38563 CONNIE L WELLS 40.00 X 114014 0 36026 1047924 0 251534 12 0 1 0 SMG 1801 KALAKAUA AVE HONOLULU HI 96815 FACILITY SERVICES 683510 REINHART BOERNER VAN DEUREN SC 1000 NORTH WATER STREET MILWAUKEE WI 53202 LEGAL SERVICES 301259 INTERNATIONAL DELIVERY SOLUTIONS LLC 7340 S HOWELL AVENUE STE 5 OAK CREEK WI 531542108 DELIVERY SERVICES 260198 3 PROGRAM REGISTRATION A 900099 15303600 15303600 MEMBERSHIP DUES AND SE 900099 4732601 4732601 CEBS CERTIFICATION PRO 900099 3029922 3029922 E-LEARNING 900099 601488 601488 OTHER INCOME 900099 365032 365032 24032643 515090 515090 7151315 6530635 620680 620680 620680 1822994 784241 1038753 1038753 ADVERTISING 541800 402662 402662 402662 26609828 25071396 402662 1135770 1570 1570 443045 443045 6707455 4369427 2338028 862995 587551 275444 1742973 1129572 613401 515961 321538 194423 316314 316314 76891 10630 66261 20766 20766 219775 134819 84956 140733 140733 3633817 3242445 391372 378239 50442 327797 33345 33345 341215 341215 1799460 323015 1476445 6235526 6178033 57493 35649 35649 809672 809672 139974 53786 86188 CREDIT CARD FEES 379846 345992 33854 MARKETING & INFO SERVIC 181889 181889 SPECIAL PROJECTS 118789 118789 RESEARCH 74982 61993 12989 UNRELATED BUSINESS INCO 37686 37686 151179 20862 130317 25399746 17187642 8212104 0 -23999 -5907 2769854 1916485 677850 468749 557643 572621 867901 1083848 17263443 10221575 7049143 7041868 11228000 14100405 6388648 4817527 681903 335314 30196943 30330910 2890608 3187581 8586603 7892256 1500000 1500000 7854843 7056800 20832054 19636637 X 9319251 10661077 45638 33196 9364889 10694273 30196943 30330910 X 1210082 119302 X 0 1 1 X 0 X 4366375 4517598 4718246 4690766 4725165 23018150 21200640 20118385 20707527 19113264 21241636 102381452 25567015 24635983 25425773 23804030 25966801 125399602 0 0 0 125399602 626441 978071 1167295 740180 515090 4027077 626441 978071 1167295 740180 515090 4027077 144475 146587 110664 73633 106926 582285 26337931 25760641 26703732 24617843 26588817 130008964 0.96450 0.96310 0.03100 0.03230 X 687374 687374 6587166 3448465 3138701 9988903 6773110 3215793 7041868 COMMON COLLECTIVE TRUSTS 2248240 F ALTERNATIVE INVESTMENT TRUSTS 1623330 F REAL ESTATE INVESTMENT TRUSTS 945957 F 4817527 DUE TO RELATED PARTIES 4460 REFUNDS PAYABLE 18132 HOTEL DEPOSITS HELD FOR OTHERS 617313 DEFINED BENEFIT PLAN ACCRUED COST 6416895 7056800 26609828 25399746 1210082 364354 -245052 119302 1329384 26337563 79264 79264 26258299 351529 351529 26609828 26145036 784241 784241 25360795 20766 18185 38951 25399746 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THUS IS GENERALLY NOT SUBJECT TO TAX. THE LLC IS CONSIDERED A DISREGARDED ENTITY BY THE IRS WITHIN THE FOUNDATION. THE FOUNDATION IS SUBJECT TO TAX, HOWEVER, ON ANY UNRELATED BUSINESS INCOME. THE INCOME TAXES PAID IN 2010 AND 2009 WERE $37,686 AND $11,432 RESPECTIVELY. IN ADDITION, THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE FOUNDATION IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. AT DECEMBER 31, 2010, THE FOUNDATION HAS DETERMINED THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. ACCORDINGLY, NO ACCRUAL FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION FILES FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FORM 990-T, EXEMPT ORGANIZATION BUSINESS INCOME TAX RETURN, AND FORM 4-T, WISCONSIN EXEMPT ORGANIZATION BUSINESS FRANCHISE OR INCOME TAX RETURN. THE FOUNDATION'S RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF WISCONSIN UNTIL THE APPLICABLE STATUTE OF LIMITATIONS EXPIRE. PART XI, LINE 8 - OTHER ADJUSTMENTS: BENEFIT-RELATED CHANGES OTHER THAN NET PERIOD PENSION COST -260,983. FOREIGN CURRENCY GAINS 15,931. PART XII, LINE 2D - OTHER ADJUSTMENTS: RECLASSIFICATION OF PROGRAM EXPENSE ALLOCATIONS 79,264. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -784,241. REALIZED GAINS ON INVESTMENTS SOLD 620,680. INTEREST AND DIVIDEND INCOME 515,090. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 784,241. PART XIII, LINE 4B - OTHER ADJUSTMENTS: CONTRIBUTIONS 1,570. RECLASSIFICATION OF INTEREST INCOME 793. RECLASSIFICATION OF PROGRAM EXPENSE ALLOCATIONS -79,264. OTHER EXPENSES 21,751. UNRELATED BUSINESS INCOME TAX 37,686. INTEREST EXPENSE 35,649. NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE EDUCATIONAL PROGRAMS 1751581 NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE SUPPORT OF MEMBERSHIP 66117 NORTH AMERICA 0 0 CANADIAN PROGRAM SERVICE PRODUCTION OF PUBLICATIONS 7082 EUROPE 0 0 PROGRAM SERVICE EDUCATIONAL PROGRAMS 257 0 0 0 1825037 0 1825037 0 0 0 0 0 0 X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 MICHAEL WILSON 268150 0 27000 0 11139 0 48409 0 9210 0 363908 0 0 0 ALBERT HAMWRIGHT 146650 0 0 0 443 0 24247 0 8907 0 180247 0 0 0 DANIEL GRAHAM 138376 0 0 0 1814 0 24745 0 15911 0 180846 0 0 0 DAVID VAN ZEELAND 131357 0 0 0 401 0 24613 0 20903 0 177274 0 0 0 DEE BIRSCHEL 127788 0 0 0 1655 0 23404 0 15159 0 168006 0 0 0 CONNIE L WELLS 113059 0 0 0 955 0 21381 0 14645 0 150040 0 0 0 PART I, LINE 1A THE ORGANIZATION REIMBURSES ITS VOLUNTEERS WHO SERVE ON COMMITTEES, THE EXECUTIVE COMMITTEE AND THE BOARD OF DIRECTORS. THE ORGANIZATION ALLOWS VOLUNTEERS TO RECEIVE TRAVEL EXPENSE PAYMENTS THAT DO NOT EXCEED NONREFUNDABLE COACH CLASS AIRFARE OR IN SOME INSTANCES, FIRST CLASS AIRFARE, FROM THEIR HOME DESTINATION TO THE MEETING SITE AND THE ORGANIZATION ALSO PAYS HOTEL EXPENSES FOR THE ACTUAL DAYS OF MEETING ATTENDANCE BY SUCH A VOLUNTEER PLUS ONE TRAVEL DAY AT THE BEGINNING AND END OF THE MEETING. THE ORGANIZATION ALSO PAYS THOSE VOLUNTEERS A PER DIEM ALLOWANCE FOR OTHER EXPENSES INCLUDING MEALS, CABS AND OTHER ON-SITE TRANSPORTATION, TIPS, ETC. IN THE AMOUNT OF $115 PER DAY. ANY AMOUNT PAID TO A VOLUNTEER FOR WHICH SUBSTANTIATION OF THE EXPENSE IS NOT SUBMITTED TO THE ORGANIZATION IS REPORTED ON A FORM 1099 FOR THE AFFECTED VOLUNTEER. IN ADDITION, THE ORGANIZATION REIMBURSES TRAVEL EXPENSES FOR THE SPOUSE OF THE PRESIDENT (UNCOMPENSATED VOLUNTEER) AND PRESIDENT-ELECT (UNCOMPENSATED VOLUNTEER) IN CONJUNCTION WITH ATTENDANCE AT FUNCTIONS WHERE THE PRESIDENT AND PRESIDENT-ELECT PARTICIPATES IN BOARD/COMMITTEE ACTIVITIES. THE AIRFARE REIMBURSEMENT FOR THE TRAVELING SPOUSE IN THESE SITUATIONS IS AT THE ACTUAL COST OF THE AIRFARE, INCLUDING FOR A FIRST-CLASS SEAT. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION SHALL HAVE ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY MEMBERS WHO ARE MEMBERS OF THE BOARD OF VOTING DIRECTORS SHALL HAVE THE RIGHT TO VOTE UPON ANY QUESTION AND ONLY THEIR CONSENT SHALL BE NECESSARY IN ANY STATUTORY OR OTHER PROCEEDINGS. A BOARD OF VOTING DIRECTORS SHALL REPRESENT, VOTE, AND ACT FOR THE MEMBERSHIP IN ALL OF THE ORGANIZATION'S AFFAIRS. FORM 990, PART VI, SECTION B, LINE 11 THE ORGANIZATION WORKS WITH ITS OFFICERS AND ITS THIRD-PARTY LAW FIRM AND ACCOUNTING FIRM TO PREPARE THE ORGANIZATION'S FORM 990 TAX RETURN. THE ORGANIZATION THEN PROVIDES ITS PROPOSED FORM 990 TAX RETURN TO THE EXECUTIVE COMMITTEE OF ITS BOARD OF DIRECTORS, WHICH ACTS FOR THE BOARD OF DIRECTORS BETWEEN BOARD OF DIRECTOR MEETINGS. THE ORGANIZATION REVIEWS THE FORM 990 TAX RETURN WITH THE EXECUTIVE COMMITTEE. LEGAL COUNSEL AND A REPRESENTATIVE OF THE ACCOUNTING FIRM ARE PRESENT TO ANSWER ANY QUESTIONS. THE EXECUTIVE COMMITTEE PROVIDES ANY COMMENTS, CORRECTIONS OR OTHER CHANGES, WHEREUPON THE FORM 990 TAX RETURN IS FINALIZED AND APPROVED BY THE EXECUTIVE COMMITTEE. ONCE EXECUTIVE COMMITTEE APPROVAL IS OBTAINED, THE ORGANIZATION FILES ITS FORM 990 TAX RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY BY ANNUALLY HAVING ITS OFFICERS, DIRECTORS AND KEY EMPLOYEES COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT OF ANY ITEMS THAT COULD GIVE RISE TO A CONFLICT OF INTEREST WITH THE ORGANIZATION. DURING THE COURSE OF EACH YEAR, THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER AND GENERAL COUNSEL (WHO IS THE PRIMARY PURVEYOR OF LEGAL SERVICES PROVIDED BY A THIRD-PARTY LAW FIRM RETAINED BY THE ORGANIZATION) MONITOR THE ACTIVITIES OF INDIVIDUAL BOARD OF DIRECTORS MEMBERS, OFFICERS AND KEY EMPLOYEES IN THE ORDINARY COURSE OF THE ORGANIZATION'S BUSINESS. ANY IDENTIFIED POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE INDIVIDUALS IN QUESTION AND APPROPRIATELY ADDRESSED. INDIVIDUAL DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE ALSO ENCOURAGED TO BE WATCHFUL OF CONFLICT OF INTEREST ISSUES AND BRING SUCH ISSUES TO THE ATTENTION OF EITHER THE CHAIRMAN OF THE BOARD, CHIEF EXECUTIVE OFFICER OR GENERAL COUNSEL. ANY IDENTIFIED CONFLICTS OF INTEREST ARE DEALT WITH BY VOTE OF THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CHAIRMAN OF THE BOARD (AN UNCOMPENSATED VOLUNTEER) AND GENERAL COUNSEL (A SENIOR PARTNER ENGAGED IN REPRESENTING NONPROFIT ORGANIZATIONS) COMPILE BENCHMARKING DATA FROM COMPENSATION PUBLICATIONS SUCH AS NATIONAL COMPENSATION STUDY (AMERICAN RESEARCH COMPANY), BLUE CHIP COMPENSATION & BENEFITS STUDY (ASAE) AND MANAGEMENT COMPENSATION REPORT (PRM CONSULTING, INC.) THAT TAKES INTO CONSIDERATION SUCH FACTORS AS EDUCATION, EXPERIENCE BASE, TENURE AND PERFORMANCE OF THE CHIEF EXECUTIVE OFFICER OF THE ORGANIZATION (THE "CEO"). A REPORT IS PREPARED AND PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF THE ORGANIZATION BY THE CHAIRMAN OF THE BOARD AND GENERAL COUNSEL. THE CEO IS NOT IN ATTENDANCE AT THE MEETING WHEN HIS COMPENSATION LEVEL IS DISCUSSED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE DELIBERATES AND APPROVES OF ANY CHANGES IN THE LEVEL OF COMPENSATION OF THE CEO. THE SAME PROCESS IS USED FOR OTHER OFFICERS AND KEY EMPLOYEES WITH THE EXCEPTION THAT THIS PROCESS IS LED BY THE CEO. THE CEO HAS, WITHIN APPROVED BUDGETARY CONSTRAINTS, AUTHORITY IN REVIEWING AND MAKING COMPENSATION ADJUSTMENTS FOR OTHER EMPLOYEES OF THE ORGANIZATION THAT ARE NOT OFFICERS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS CORPORATE BY-LAWS, ANNUAL AUDITED FINANCIAL STATEMENTS AND POLICIES AVAILABLE ON ITS WEB SITE. THIS INFORMATION CAN BE VIEWED AT WWW.IFEBP.ORG UNDER THE "ABOUT US" TAB OF THE ORGANIZATION'S HOME PAGE. MEMBERS OF THE PUBLIC-AT-LARGE MAY ALSO OBTAIN A COPY OF THE ORGANIZATION'S BY-LAWS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS BY CONTACTING THE ORGANIZATION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 364,354. BENEFIT RELATED CHANGES OTHER THAN NET PERIOD PENSION COST -260,983. FOREIGN CURRENCY GAINS 15,931. TOTAL TO FORM 990, PART XI, LINE 5: 119,302. IFEBP SERVICES LLC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391034021 EDUCATIONAL, CHARITABLE, AND SCIENTIFIC ADMININSTRATIVE SUPPORT. WI 1432312 546223 INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC INTL SOCIETY OF CERT EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391396077 DESIGNING AND ADMINISTERING CONTINUING EDUCATION COURSES AND EXAMS. WI 501(C)(3) 509(A)(3) INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC 0 CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC 18700 W BLUEMOUND RD BROOKFIELD WI 53008 391666266 GRANTING AND PROMOTING CEBS DESIGNATION AND ASSOCIATION DESIGNATIONS. WI 501(C)(6) INTERNATIONAL FOUNDATION OF EMPLOYEE BENEFIT PLANS INC 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC P 282543 FAIR MARKET VALUE INTERNATIONAL SOCIETY OF CERTIFIED EMPLOYEE BENEFIT SPECIALISTS INC N 154299 FAIR MARKET VALUE