2011-11-01T15:05:33-05:00 2010-12-31 RSM MCGLADREY INC 8000 TOWERS CRESCENT DR STE 500 VIENNA VA 221826205 990 2010-01-01 522036929 AMERICAN BUS ASSOCIATION FOUNDATION AMER 2028421645 111 K STREET NE 9TH FLOOR WASHINGTON DC 200028110 PETER J PANTUSO 2028421645 2011-10-31 1 JAMES P SWEENEY CPA 7033366400 2010 2016-03-07 17:11:31Z X PETER J PANTUSO 111 K STREET NE 9TH FLOOR WASHINGTON DC 200028110 1064664 0 X WWW.BUSES.ORG X 1997 DC THE ABA FOUNDATION IS ESTABLISHED FOR EDUCATIONAL, SCIENTIFIC, AND CHARITABLE PURPOSES. IT PROVIDES SCHOLARSHIPS TO DESERVING STUDENTS THROUGH THE GEORGE T. SNYDER, JR. SCHOLARSHIP FUND. THE FOUNDATION ENHANCES THE QUALITY AND LEVEL OF PROFESSIONAL KNOWLEDGE AND SKILLS OF INTERCITY BUS OPERATORS, AND CONDUCTS RESEARCH AND DEVELOPS EDUCATIONAL PROGRAMS DESIGNED TO ENHANCE THE SAFETY AND EFFICIENCY OF THE INTERCITY BUS INDUSTRY. 14 13 0 0 0 0 155716 639977 0 0 -58599 38730 112320 171241 209437 849948 47500 47500 0 0 0 0 0 0 3286 84980 119232 132480 166732 76957 683216 1258725 2052989 33837 18140 1224888 2034849 THE ABA FOUNDATION MISSION IS TO ANSWER THE CALL TO SUPPORT THE INDUSTRY WITH RESEARCH AND SCHOLARSHIPS THAT BENEFIT THE ABA, POLICY-MAKERS, AND THE PUBLIC. 0 0 153702 47500 SCHOLARSHIP AWARDS - ABAF AWARDED NINETEEN SCHOLARSHIPS OF $2,500 EACH IN 2010 IN RESEARCH GRANTS. 153702 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 14 13 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 DC X ERIC BRADENDEL 2028421645 700 13TH ST NW SUITE 575 WASHINGTON DC 20005 MR DOUGLAS ANDERSON 1.00 X X 0 0 0 MR BERT ASKWITH 1.00 X X 0 0 0 MR PETER PANTUSO 1.00 X X 0 327784 38331 MR FRANK HENRY 1.00 X 0 0 0 MR CHARLIE ZELLE 1.00 X 0 0 0 MR TOM SORRELLS 1.00 X 0 0 0 MR GAETAN BOLDUC 1.00 X 0 0 0 MR GENE BERARDI 1.00 X 0 0 0 MS SARA HAMLIN 1.00 X 0 0 0 MR RUTH MENSCH 1.00 X 0 0 0 MR PATRICK SCULLY 1.00 X 0 0 0 MR TOM JEBRAN 1.00 X 0 0 0 MR BRENDA BORWEGE 1.00 X 0 0 0 MS COLLEEN MILLER 1.00 X 0 0 0 0 327784 38331 0 0 1 0 0 48862 591115 639977 28947 28947 185978 176195 9783 9783 9783 209762 38521 171241 171241 849948 0 0 209971 47500 47500 1125 900 169 56 5500 4400 825 275 5629 4503 844 282 8755 7005 1312 438 11073 8858 1661 554 6199 4960 930 309 3895 3116 584 195 2686 2149 403 134 8428 6743 1264 421 RESEARCH 54250 54250 MISCELLANEOUS 11062 8814 1658 590 INTERNS 375 300 56 19 TEMPORARY HELP 255 204 38 13 166732 153702 9744 3286 134318 18600 14976 32115 300 195481 5877 5435 1057782 1775449 45472 25909 1258725 2052989 11500 20745 18140 1592 0 33837 18140 X 596841 788581 628047 1246268 1224888 2034849 1258725 2052989 X 683216 126745 X X 0 1 1 X 0 X 45896 28112 158289 155716 639977 1027990 45896 28112 158289 155716 639977 1027990 423985 604005 20279 26938 31453 28266 28947 135883 1326 24691 237 26254 1190127 585561 0.50750 0.51440 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 849948 166732 683216 126745 126745 809961 1009585 126745 38521 165266 844319 5629 5629 849948 199624 38521 38521 161103 5629 5629 166732 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE FOUNDATION COMPLIES WITH THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH 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 FOUNDATION 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 FOUNDATION'S TAX POSITIONS AND CONCLUDED THAT THE FOUNDATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. THE FOUNDATION FILES INCOME TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE FOUNDATION IS NO LONGER SUBJECT TO U.S. FEDERAL, OR STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2007. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON LINE 8B 38,521. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EXPENSES REPORTED ON LINE 8B 38,521. LIVE AUCTION 132360 132360 23466 MARKETPLACE 33830 33830 46 2 43572 43572 15009 209762 209762 38521 38521 171241 1 X PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP AWARD PAYMENTS ARE MADE PAYABLE DIRECTLY TO THE UNIVERSITY THAT THE STUDENT WILL ATTEND. X X X X 0 0 0 0 0 0 0 0 0 MR PETER PANTUSO 0 278934 0 40077 0 8773 0 29500 0 8831 0 366115 0 0 FORM 990, PART VI, SECTION B, LINE 11 ABA FOUNDATION DOES NOT PROVIDE A COPY OF THE FULL FORM 990 TO ITS BOARD FOR REVIEW PRIOR TO FILLING. ABA FOUNDATION HAS QUARTERLY BOARD MEETINGS AND PROVIDES ACCESS TO ALL OF THE INFORMATION THAT IS INCORPORATED INTO THE FINAL FORM 990 INCLUDING SUCH INFORMATION AS EMPLOYEE COMPENSATION, INSURANCE POLICIES, AND AUDITED FINANCIAL STATEMENTS AT EACH MEETING. THE BOARD HAS FULL ACCESS TO THE FINAL FORM 990 FOLLOWING ITS FILING AS DOES EVERY MEMBER OF THE PUBLIC. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REMINDED OF THE CONFLICT OF INTEREST IN PLACE AT THE ORGANIZATION AND ARE REQUIRED TO DISCLOSE OF ANY POTENTIAL CONFLICTS DURING BOARD MEETINGS HELD THREE TIMES PER YEAR. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 126,745. FORM 990, PART XI, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. AVERAGE HOURS PER WEEK DEVOTED TO RELATED ORGANIZATIONS FORM 990, PART VII & SCHEDULE J ABA ABA FOUNDATION NBTS PETER PANTUSO 40 1 1 COMPENSATION METHODOLOGY FORM 990, PART VII AND SCHEDULE J AMERICAN BUS ASSOCIATION FOUNDATION DOES NOT COMPENSATE ANYONE SHOWN IN PART VII OF THE FORM 990 OR SCHEDULE J, PART II. THE COMPENSATION SHOWN IN THESE SECTIONS IS PAID BY THE AMERICAN BUS ASSOCIATION, THE FOUNDATION'S RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF THE AMERICAN BUS ASSOCIATION. THE FOLLOWING IS THE COMPENSATION METHODOLOGY USED BY AMERICAN BUS ASSOCIATION: ON AVERAGE A COMPENSATION CONSULTANT IS HIRED EVERY TWO YEARS TO PERFORM A COMPENSATION SCHEDULE TO DETERMINE IF WHAT THE ASSOCIATION IS PAYING IS COMPETITIVE. THE EXECUTIVE COMMITTEE REVIEWS THE OUTCOME TO DETERMINE IF ADJUSTMENTS ARE REQUIRED. AMERICAN BUS ASSOCIATION 111 K STREET NE 9TH FLOOR WASHINGTON DC 20002 530114680 TO REPRESENT THE U.S. BUS INDUSTRY DC 501(C)(6) N/A 0 NATIONAL BUS TRAFFIC ASSOCIATION 111 K STREET NE 9TH FLOOR WASHINGTON DC 20002 361521425 TO SERVE AS A RATE MAKING BUREAU AND TARIFF PUBLISHER FOR INTERCITY REGULAR- DC 501(C)(6) N/A 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0