2011-08-15T09:59:05-05:00 2010-12-31 PARENTEBEARD LLC 1650 MARKET STREET SUITE 4500 PHILADELPHIA PA 19103 990 2010-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 BLDG 698 HERBERT HALL MILLS RD WEST POINT NY 10996 CARL P MOCCIA 8454461500 2011-08-15 1 JULIUS GREEN CPA 2159720701 2010 2016-02-24 21:20:13Z WEST POINT ASSOC OF GRADUATES ROBERT L MCCLURE BLDG 698 HERBERT HALL MILLS RD WEST POINT NY 10996 102734152 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 14 14 95 111 -13134 -124462 22217988 34749738 1534647 1759629 336623 3695755 1204568 1225047 25293826 41430169 12366122 11012722 0 0 5615200 6279900 665257 415366 4777180 3382780 4767849 22029359 22475837 3264467 18954332 195983751 230194551 8724743 10264285 187259008 219930266 THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 11537020 11012722 FUND RAISING, EDUCATIONAL AND HISTORICAL: PROVIDES THE STRUCTURE NECESSARY TO ENCOURAGE AND SECURE PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS FOR THE "MARGIN OF EXCELLENCE". THE MARGIN OF EXCELLENCE PROVIDES AN ARRAY OF DIVERSE OPPORTUNITIES THAT ADD RICHNESS TO THE CADET EXPERIENCE AND BETTER PREPARES THEM TO BE THE BROAD-MINDED, ETHICAL LEADERS UPON WHOM WE ALL DEPEND. EDUCATIONAL AND HISTORICAL COMPRISES ACTIVITIES FOR THE DISSEMINATION OF INFORMATION ON THE HISTORY, OBJECTIVES AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO INCLUDE THE ENCOURAGEMENT OF THE STUDY OF MILITARY SCIENCE AND LEADERSHIP AND TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. 3024576 1824450 ALUMNI SERVICES: ENCOMPASSES ACTIVITIES AND SERVICES PROVIDED FOR LIVING GRADUATES INCLUDING THE MAINTENANCE OF DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF THE UNITED STATES MILITARY ACADEMY AND INCLUDES THE OPERATIONS OF THE GIFT SHOP. 693018 532082 PUBLICATIONS: DISSEMINATES INFORMATION ON THE HISTORY, ACTIVITIES, OBJECTIVES AND METHODS OF THE UNITED STATES MILITARY ACADEMY THROUGH CERTAIN PUBLICATIONS. 15254614 1 1 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 55 0 1 95 1 1 1 1 CJ 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO DC HI IL KS KY LA ME MD MA MI MN MS NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV X X X THE ORGANIZATION 8454461500 BUILDING 698 HERBERT HALL MILLS RD WEST POINT NY 10996 JODIE K GLORE 14.00 X 0 0 0 HERMAN E BULLS 12.00 X 0 0 0 D DAVID HOSTLER 7.00 X 0 0 0 ROBERT J ST ONGE JR 7.00 X 0 0 0 DARCY G ANDERSON 7.00 X 0 0 0 JOSEPH E DEFRANCISCO 7.00 X 0 0 0 GEORGE H GILMORE JR 7.00 X 0 0 0 LAWRENCE R ADAIR 7.00 X 0 0 0 ELLEN W HOULIHAN 7.00 X 0 0 0 LARRY R JORDAN 7.00 X 0 0 0 ROBERD D WEISS 7.00 X 0 0 0 FRANK B JANOSKI 7.00 X 0 0 0 REBECCA S HALSTEAD 7.00 X 0 0 0 JAMES Z WARTSKI 7.00 X 0 0 0 ROBERT L MCCLURE 40.00 X 238348 0 20427 CARL MOCCIA 40.00 X 163384 0 23573 JOHN CALABRO 40.00 X 152262 0 14801 JAMES JOHNSTON 40.00 X 107220 0 11399 KRISTIN SORENSON 40.00 X 221011 0 21429 WILLIS FREED LOWREY 40.00 X 120595 0 11658 THOMAS MULYCA 40.00 X 118270 0 10807 JULIAN OLEJNICZAK 40.00 X 119668 0 9155 JOHN SMITH 40.00 X 119668 0 1103 LISA STRINE 40.00 X 101739 0 8528 1462165 0 132880 10 0 1 0 MARRIOTT BUSINESS SERVICES PO BOX 403003 ATLANTA GA 303843003 BANQUET FACILITIES 261356 ELM PRESS 16 TREMCO DRIVE TERRYVILLE CT 06786 PRINTING 226562 SASAKI ASSOCIATES INC PO BOX 843026 BOSTON MA 022843026 ARCHITECTURAL DESIGN 211700 THE DOCUMENTARY GROUP LLC 125 WEST END AVENUE NEW YORK NY 10023 DOCUMENTARY DVD PRODUCTION 200000 SPORTSFIELD SPECIALTIES INC 41155 STATE HIGHWAY 10 PO BOX 231 DELHI NY 13753 DESIGN & CONSTRUCTION 148750 10 34749738 2641650 34749738 ALUMNI SERVICES 561520 953923 923081 30842 PUBLICATION SALES 511190 586807 532082 54725 SPONSORSHIPS 900099 164000 164000 ALUMNI EVENTS 900099 142089 142089 MISCELLANEOUS 900099 -87190 11511 -98701 1759629 3647372 3647372 641278 641278 60527393 60470508 8502 56885 -8502 48383 48383 1408742 824973 583769 583769 41430169 2356532 -13134 4337033 11012722 11012722 973854 305576 425838 242440 4465422 1393442 1144092 1927888 174136 71204 47318 55614 242909 83734 52489 106686 423579 134473 119555 169551 67346 11122 18340 37884 96506 89110 7396 415366 415366 1000871 1000871 203825 17920 130716 55189 14578 390 7471 6717 842930 244507 394275 204148 236684 89601 79568 67515 84091 84091 64387 21775 41173 1439 609505 395921 55836 157748 19 19 296396 296396 44925 44925 REIMBURSABLE EXP 429933 429933 CULTIVATION 329361 19871 24576 284914 MANUFACTURING & DISTRIB 256822 211056 45766 STATE UBI TAX 250 250 ALLOCATED COST 0 696493 -1642180 945687 189420 25495 65531 98394 22475837 15254614 2444043 4777180 1454312 2750905 14279002 17973103 811 613568 496530 52521 10826561 4987090 6036779 5839471 153989527 166221654 3124768 14692536 16485795 22167020 195983751 230194551 975565 1111096 396567 735720 2572421 2993868 4780190 5423601 8724743 10264285 X 20002951 21404508 82221701 109923098 85034356 88602660 187259008 219930266 195983751 230194551 X 18954332 13716926 X 0 1 1 X 0 X 22996931 33952426 23505955 22217988 34749738 137423038 22996931 33952426 23505955 22217988 34749738 137423038 8754735 128668303 3430597 4413603 6410526 3859638 4288650 22403014 32807 27834 60641 159886693 17752087 0.80470 0.73620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 121695482 11274580 13994672 2168076 -25426 5000 144817084 101170198 3203089 17854153 1087312 -561704 6350 121695482 136756995 5182955 -36378104 2908960 1473944 8744 101170198 0.00000 1.00000 0.00000 0 0 9480057 3793948 5686109 281196 268765 12431 1065308 924377 140931 5839471 14517092 C OTHER INVESTMENT 175444 C 14692536 SPLIT INTEREST TRUSTS 22167020 22167020 DEFERRED COMPENSATION 434082 REMAINDER TRUSTS 2525837 DUE TO CLASSES 2463682 5423601 41430169 22475837 18954332 13617549 676 98701 13716926 32671258 56927457 13617549 -1000871 12616678 44310779 -2880610 -2880610 41430169 24256875 2781909 2781909 21474966 1000871 1000871 22475837 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: EFFECTIVE JANUARY 1, 2009, THE ASSOCIATION ADOPTED GUIDANCE ISSUED BY THE FASB REGARDING ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THE ASSOCIATION EARNS REVENUES FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED UNRELATED BUSINESS TAXABLE INCOME UNDER THE INTERNAL REVENUE CODE. IN BOTH 2010 AND 2009, HOWEVER, UNRELATED BUSINESS INCOME (NET OF APPLICABLE EXPENSES) RESULTED IN NO MATERIAL TAX EXPENSE. THE ADOPTION OF THIS GUIDANCE DID NOT IMPACT THE ASSOCIATION'S FINANCIAL POSITION OR RESULTS OF OPERATIONS. THE ASSOCIATION BELIEVES THAT THERE ARE NO OTHER TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL OR STATE INCOME TAX RETURNS IS CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. HOWEVER FISCAL YEARS 2006 AND LATER REMAIN SUBJECT TO EXAMINATION BY THE IRS AND NEW YORK STATE. PART XI, LINE 8 - OTHER ADJUSTMENTS: UBI LOSS FROM PARTNERSHIP INVESTMENTS NOT RECORDED ON BOOKS 98,701. PART XII, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS -1,000,871. PART XII, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -824,973. ALLOWANCE FOR PLEDGES -1,948,434. LOSS ON DISPOSAL OF ASSETS -8,502. UBI LOSS FROM PARTNERSHIP INVESTMENTS NOT RECORDED ON BOOKS -98,701. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 824,973. ALLOWANCE FOR PLEDGES 1,948,434. LOSS ON DISPOSAL OF ASSETS 8,502. PART XIII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSES NETTED WITH REVENUE ON FINANCIAL STATEMENTS 1,000,871. SCHEDULE D, PART V: THE ENDOWMENT FUND INFORMATION IN COLUMNS (B) AND (C) WAS REVISED TO REPORT MORE ACCURATE FIGURES AND CORRECT A MATHEMATICAL ERROR. X X X X 1 HARRIS CONNECT LLC 1511 ROUTE 22 SUITE C-25 BREWSTER NY 10509 PHONE & MAIL 0 884339 263000 621339 GRAHAM-PELTON CONSULTING INC 39 BEACHWOOD ROAD SUMMIT NJ 07901 FUNDRAISING CONSULTING AND STRATEGIC ADVICE 0 0 80366 -80366 ADVANTAGE (AFRC INC) 208 PASSAIC AVENUE FAIRFIELD NJ 07004 CONDUCT ANNUAL PHONE PROGRAM 0 0 72000 -72000 884339 415366 468973 AL AK AZ CA CO DC HI IL KS KY ME MD MA MI MN MS NH NJ NM NY NC 0 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 268928 MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 3359723 23625 FMV MILITARY MANUALS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 1968968 16064 FMV HOUSEHOLD GOODS/ELECTRONICS CADET FACILITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 120620 COST TICKETS CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 4091835 343962 FMV HOUSEHOLD GOODS/ELECTRONICS/TRAVEL/TRAINING CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 153900 COST VEHICLES CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 640434 24663 FMV COMPUTER/TRAVEL MISCELLANEOUS USMA ASSISTANCE 1 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE ASSOCIATION ONLY PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION DOES NOT MONITOR THE USE OF THE GRANT FUNDS. X X 1 1 X X X X X 0 0 0 0 0 0 0 1 0 ROBERT L MCCLURE 198348 0 40000 0 0 0 18000 0 2427 0 258775 0 0 0 CARL MOCCIA 163384 0 0 0 0 0 13030 0 10543 0 186957 0 0 0 JOHN CALABRO 152262 0 0 0 0 0 11497 0 3304 0 167063 0 0 0 KRISTIN SORENSON 221011 0 0 0 0 0 11500 0 9929 0 242440 0 0 0 PART I, LINE 1A WPAOG PROVIDES A MINIMAL AMOUNT OF TRAVEL EXPENSE FOR THE SPOUSE OF PRESIDENT & CEO ROBERT MCCLURE TO ATTEND CERTAIN BUSINESS EVENTS THAT REQUIRE HER PARTICIPATION. WPAOG ALSO PAYS SOCIAL CLUB MEMBERSHIP DUES FOR PRESIDENT & CEO ROBERT MCCLURE TO ATTEND BUSINESS FUNCTIONS. WPAOG REQUIRES THE MEMBERSHIP SO THAT IT MAY USE THE CLUB'S FACILITIES FOR BUSINESS MEETINGS. THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION SINCE THEY ARE BUSINESS RELATED. PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD PRESIDENT & CEO ROBERT MCCLURE A BONUS WHICH IS DEPENDENT UPON PERFORMANCE. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. X 23625 FAIR VALUE X 7214 FAIR VALUE X 2 153900 COST X 69 1719466 FAIR VALUE X ELECTRONICS & SOFTWARE 4 197788 FAIR VALUE X TICKETS 150 120620 COST X TRAINING ITEMS 6 134555 FAIR VALUE X TRAVEL COSTS 4 45132 FAIR VALUE X USE OF AIRPLANE 1 239350 FAIR VALUE 1 0 1 0 METHOD FOR DETERMINING NUMBER OF CONTRIBUTORS: PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPORTED IN PART I, COLUMN (B) IS BASED ON THE NUMBER OF DONORS PER CATEGORY OF GIFT. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY EXCEEDS 48,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE BOARD OF DIRECTORS OF THE ASSOCIATION, AS WELL AS RATIFYING BY-LAW CHANGES. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11 THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND AGREED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL. AT THE FOLLOWING BOARD MEETING, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. A RESOLUTION IS THEN PASSED TO ACCEPT THE 990. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE AND THE 990 HAS BEEN ACCEPTED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES UPON HIRING. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. FORM 990, PART VI, SECTION B, LINE 15 IN 2008, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") UTILIZED AN OUTSIDE HUMAN RESOURCES/COMPENSATION CONSULTANT TO REVIEW SALARIES AND PROVIDE FEEDBACK RELATING TO THEIR APPROPRIATENESS RELATIVE TO OUR PARTICULAR MARKET. THIS CONSULTANT ALSO REVIEWED THE SALARIES OF THE PRESIDENT, VICE PRESIDENTS AND OTHER OFFICERS TO ENSURE THAT THEY WERE WITHIN LEVELS CONSISTENT WITH THE MARKET. OUR COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 13,617,549. PRIOR PERIOD ADJUSTMENTS: 676. UBI LOSS FROM PARTNERSHIP INVESTMENTS NOT RECORDED ON BOOKS 98,701. TOTAL TO FORM 990, PART XI, LINE 5: 13,716,926. LGL REAL ESTATE FOUNDATION LLC BLDG 698 HERBERT HALL MILLS ROAD WEST POINT NY 10996 134265639 REAL ESTATE HOLDING NY 0 0 N/A