FINANCIAL ACCOUNTING FOUNDATION: Form 990, tax year 2010
View the entire original 990 at ProPublica ↗
- Organization
- FINANCIAL ACCOUNTING FOUNDATION (EIN 23-7211935)
- Tax period
- 2010-01-01 to 2010-12-31
- Filed
- 2011-08-15
- IRS object ID
- 201142279349302409
- Schema version
- 2010v3.4
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule F
- Schedule J
- Schedule L
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-08-15T12:14:34-05:00 | Timestamp |
| Tax Period End Date | 2010-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY & PULLEN LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8000 TOWERS CRESCENT DRIVE STE 500 | AddressLine1 |
| City | VIENNA | City |
| State | VA | State |
| ZIP Code | 22184 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2010-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 237211935 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FINANCIAL ACCOUNTING FOUNDATION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | FINA | NameControl |
| Phone | 2038470700 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | TERESA S POLLEY | Name |
| Title | PRESIDENT AND CEO | Title |
| Phone | 2038470700 | Phone |
| Date Signed | 2011-08-15 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JAMES P SWEENEY CPA | Name |
| Phone | 7033366400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2010 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | TERESA S POLLEY | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 54971859 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | ACCOUNTINGFOUNDATION.ORG,FASB.ORG,GASB.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1972 | YearFormation |
| State Legal Domicile | DE | StateLegalDomicile |
| Activity Or Mission Description | THE MISSION OF THE FINANCIAL ACCOUNTING FOUNDATION (FAF) IS TO ESTABLISH FINANCIAL ACCOUNTING AND REPORTING STANDARDS, THROUGH AN INDEPENDENT AND OPEN PROCESS, RESULTING IN FINANCIAL REPORTS THAT PROVIDE DECISION-USEFUL INFORMATION. THE FAF, ORGANIZED IN 1972, IS THE INDEPENDENT, PRIVATE-SECTOR ORGANIZATION WITH RESPONSIBILITY FOR THE OVERSIGHT, ADMINISTRATION, AND FINANCES OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB), THE GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB), AND THEIR ADVISORY COUNCILS, THE FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC) AND THE GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC), ALL OF WHICH WERE ESTABLISHED TO PERFORM DISTINCT FUNCTIONS IN THE PROCESS OF ESTABLISHING AND IMPROVING FINANCIAL ACCOUNTING AND REPORTING STANDARDS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 16 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 14 | NbrIndependentVotingMembers |
| Total Nbr Employees | 167 | TotalNbrEmployees |
| Total Nbr Volunteers | 160 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1225559 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1201974 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 0 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 0 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1320553 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1192041 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 37032022 | OtherRevenuePriorYear |
| Other Revenue Current Year | 47791445 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 39578134 | TotalRevenuePriorYear |
| Total Revenue Current Year | 50185460 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 27532970 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 30134836 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 58867 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 9208797 | OtherExpensePriorYear |
| Other Expenses Current Year | 10615921 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 36741767 | TotalExpensesPriorYear |
| Total Expenses Current Year | 40750757 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 2836367 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 9434703 | RevenuesLessExpensesCY |
| Total Assets BOY | 70469302 | TotalAssetsBOY |
| Total Assets EOY | 82657790 | TotalAssetsEOY |
| Total Liabilities BOY | 11075933 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 14369342 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 59393369 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 68288448 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | ESTABLISH AND IMPROVE FINANCIAL ACCOUNTING AND REPORTING STANDARDS, THROUGH AN INDEPENDENT AND OPEN PROCESS, RESULTING IN FINANCIAL REPORTS THAT PROVIDE DECISION-USEFUL INFORMATION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 26362219 | Expense |
| Revenue | 46580502 | Revenue |
| Description | FINANCIAL ACCOUNTING STANDARDS BOARD (FASB)FINANCIAL ACCOUNTING STANDARDS ADVISORY COUNCIL (FASAC)THE FASB IS THE PRIVATE-SECTOR BOARD WITHIN THE FINANCIAL ACCOUNTING FOUNDATION (FAF) RESPONSIBLE FOR SETTING ACCOUNTING STANDARDS FOR NONGOVERNMENTAL ENTITIES IN THE UNITED STATES; THOSE STANDARDS ARE OFTEN REFERRED TO AS U.S. GAAP. THE MISSION OF THE FASB IS TO ESTABLISH AND IMPROVE STANDARDS OF FINANCIAL ACCOUNTING AND REPORTING THAT FOSTER FINANCIAL REPORTING BY NONGOVERNMENTAL ENTITIES THAT PROVIDES DECISION-USEFUL INFORMATION TO INVESTORS AND OTHER USERS OF FINANCIAL REPORTS. THAT MISSION IS ACCOMPLISHED THROUGH A COMPREHENSIVE AND INDEPENDENT PROCESS THAT ENCOURAGES BROAD PARTICIPATION, OBJECTIVELY CONSIDERS ALL STAKEHOLDER VIEWS, AND IS SUBJECT TO OVERSIGHT BY THE FAF'S BOARD OF TRUSTEES. THE FASB BELIEVES THAT BY FAITHFULLY IMPLEMENTING U.S. GAAP, ENTITIES WILL PRODUCE FINANCIAL REPORTS THAT PROVIDE USEFUL INFORMATION TO INVESTORS, CREDITORS, AND OTHER PROVIDERS OF CAPITAL.IN 2010, THE FASB ADAPTED TO AND EMBRACED A NUMBER OF CHALLENGES ARISING FROM OUR DYNAMIC FINANCIAL REPORTING ENVIRONMENT, RANGING FROM OUR STANDARD-SETTING PROJECTS, ENHANCEMENTS TO OUR DUE PROCESS PROCEDURES, AND EXPANDED RESPONSIBILITIES. THE FASB RECENTLY INSTITUTED A NUMBER OF INITIATIVES TO HELP STAKEHOLDERS MONITOR THE DEVELOPMENT OF STANDARDS AND LEARN ABOUT PROPOSED AND RECENTLY ISSUED ACCOUNTING STANDARDS INCLUDING: * VIDEOCASTING BOARD MEETINGS AND EDUCATION SESSIONS OVER THE INTERNET, * ENHANCING OUR COMMUNICATIONS BY USING PODCASTS AND WEBCASTS TO PROVIDE HIGH LEVEL OVERVIEWS OF PROPOSALS AND NEW STANDARDS.MOREOVER, THE FASB CONTINUED TO PROACTIVELY ENGAGE STAKEHOLDERS IN THE STANDARD SETTING PROCESS THROUGH MEANS SUCH AS SURVEYS OF INVESTORS, FIELD VISITS WITH COMPANIES THAT PREPARE FINANCIAL STATEMENTS, AND BY HOSTING WORKSHOPS ON PROPOSED STANDARDS THAT GENERALLY INCLUDED REPRESENTATIVES OF INVESTORS, AUDITORS, REPORTING ENTITIES, AND REGULATORS. OVER THE PAST SEVERAL YEARS, THE FASB HAS TAKEN STEPS TO ENHANCE ITS UNDERSTANDING OF THE INFORMATION NEEDS OF USERS OF FINANCIAL STATEMENTS OF NONPUBLIC COMPANIES AND ITS ASSESSMENT OF THE BENEFITS AND COSTS OF NEW STANDARDS FROM THE PERSPECTIVE OF NONPUBLIC COMPANIES. THOSE STEPS INCLUDED ESTABLISHING A PRIVATE COMPANY FINANCIAL REPORTING COMMITTEE IN 2006, A NONPROFIT ADVISORY COMMITTEE IN 2010 AND THE DEVELOPMENT OF A "WHITE PAPER" TO IDENTIFY THE DIFFERENT NEEDS OF THE USERS OF PRIVATE COMPANY FINANCIAL STATEMENTS. THE FASB HOPES TO PUBLISH FOR PUBLIC COMMENT A DRAFT OF THE WHITE PAPER IN 2011.THE FASB CONTINUES TO MAKE STRIDES TOWARD THE GOAL OF A COMMON SET OF HIGH-QUALITY, GLOBALLY ACCEPTED ACCOUNTING STANDARDS BY WORKING COLLABORATIVELY WITH THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) ON JOINT PROJECTS TO IMPROVE AND CONVERGE OUR STANDARDS IN SEVERAL KEY FINANCIAL REPORTING AREAS. IN 2010, THE FASB AND IASB ISSUED CONVERGED AND IMPROVED STATEMENTS OF CONCEPTS FOR THE OBJECTIVE OF FINANCIAL REPORTING AND THE QUALITATIVE CHARACTERISTICS OF ACCOUNTING INFORMATION, AND ISSUED EXPOSURE DRAFTS OF PROPOSED STANDARDS TO IMPROVE AND CONVERGE REQUIREMENTS IN THE AREAS OF ACCOUNTING FOR FINANCIAL INSTRUMENTS, THE PRESENTATION OF OTHER COMPREHENSIVE INCOME, LEASING, AND REVENUE RECOGNITION. THE FASB AND IASB PLAN TO ISSUE CONVERGED AND IMPROVED STANDARDS ON FAIR VALUE MEASUREMENT AND THE PRESENTATION OF OTHER COMPREHENSIVE INCOME IN EARLY 2011 AND WILL CONTINUE TO EVALUATE THE FEEDBACK THEY RECEIVED ON THEIR PROPOSALS IN THE AREAS OF FINANCIAL INSTRUMENTS, LEASING, REVENUE RECOGNITION, AND INSURANCE.IN 2010, THE FASB COMPLETED SEVERAL PROJECTS TO BRING ABOUT NEEDED IMPROVEMENTS IN U.S. GAAP. FOR EXAMPLE, THE FASB ISSUED STANDARDS TO EXPAND AND ENHANCE DISCLOSURES COMPANIES PROVIDE ABOUT THE CREDIT QUALITY OF RECEIVABLES AND THE ALLOWANCE FOR LOAN LOSSES, FAIR VALUE MEASUREMENTS, AND SUBSEQUENT EVENTS. THE FASB'S EMERGING ISSUES TASK FORCE FINALIZED GUIDANCE ON A NUMBER OF ISSUES INCLUDING ASPECTS OF REVENUE RECOGNITION, THE ACCOUNTING FOR DEFERRED ACQUISITION COSTS FOR INSURANCE COMPANIES, AND SEVERAL ISSUES IMPORTANT TO HEALTH CARE ENTITIES. THE FASB ALSO MADE FORWARD PROGRESS ON SEVERAL OTHER PROJECTS, INCLUDING ENHANCING DISCLOSURES COMPANIES PROVIDE ABOUT THEIR INVOLVEMENT IN MULTIEMPLOYER BENEFIT PLANS, CLARIFYING THE TYPES OF DEBT MODIFICATIONS THAT REPRESENT A TROUBLED DEBT RESTRUCTURING, SHARPENING EXISTING CONSOLIDATION GUIDANCE, AND IMPROVING THE ACCOUNTING AND REPORTING OF INVESTMENT PROPERTIES. THE FASB ALSO CONTINUED WORK ON ITS DISCLOSURE FRAMEWORK PROJECT; THE OBJECTIVE OF WHICH IS A FRAMEWORK THAT WOULD ENHANCE YET STREAMLINE EXISTING DISCLOSURES AND PROVIDE A MECHANISM FOR ESTABLISHING FUTURE DISCLOSURE REQUIREMENTS IN A MORE CONSISTENT, DISCIPLINED WAY.IN 2010, THE FASB ASSUMED RESPONSIBILITY FOR PRESCRIBING THE TAXONOMY FOR THE EXTENSIBLE BUSINESS REPORTING LANGUAGE (XBRL). HAVING CONSISTENT TAGGING OF INFORMATION THAT IS BASED ON GENERALLY ACCEPTED ACCOUNTING STANDARDS (GAAP) WILL ENHANCE THE QUALITY AND CONSISTENCY OF INFORMATION THAT COMPANIES PROVIDE IN THIS FLEXIBLE FORMAT. THE FASAC COMPRISES 36 MEMBERS WHO REPRESENT A BROAD CROSS-SECTION OF THE BOARD'S CONSTITUENCY. THE MEMBERS OF THE FASAC, WITH THE EXCEPTION OF THE FASAC CHAIRMAN, ARE VOLUNTEERS WHO ARE APPOINTED FOR A ONE-YEAR TERM AND ARE ELIGIBLE TO BE REAPPOINTED FOR THREE ADDITIONAL ONE-YEAR TERMS. THE PRIMARY FUNCTION OF FASAC IS TO ADVISE THE BOARD ON ISSUES RELATED TO PROJECTS ON THE BOARD'S AGENDA, POSSIBLE NEW AGENDA ITEMS, PROJECT PRIORITIES, PROCEDURAL MATTERS THAT MAY REQUIRE THE ATTENTION OF THE FASB, AND OTHER MATTERS AS REQUESTED BY THE CHAIRMAN OF THE FASB. FASAC MEETINGS PROVIDE THE FASB WITH AN OPPORTUNITY TO OBTAIN AND DISCUSS THE VIEWS OF A VERY DIVERSE GROUP OF INDIVIDUALS FROM VARIED BUSINESS AND PROFESSIONAL BACKGROUNDS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | 5607770 | Expense |
| Revenue | 1210941 | Revenue |
| Description | GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB)GOVERNMENTAL ACCOUNTING STANDARDS ADVISORY COUNCIL (GASAC)THE GASB IS THE PRIVATE-SECTOR BOARD WITHIN THE FAF RESPONSIBLE FOR SETTING ACCOUNTING AND FINANCIAL REPORTING STANDARDS FOR STATE AND LOCAL GOVERNMENTS. OPERATING WITHIN THE FAF, THE GASB ESTABLISHES ACCOUNTING AND REPORTING STANDARDS THAT RESULT IN THE COMMUNICATION OF DECISION-USEFUL INFORMATION AND THAT FACILITATE PUBLIC ACCOUNTABILITY OF GOVERNMENT FINANCIAL OPERATIONS FOR CITIZENS AND OTHER CONSTITUENCIES, SUCH AS LEGISLATIVE AND OVERSIGHT BODIES, AND INVESTORS AND CREDITORS. THE BOARD, WITH THE ASSISTANCE AND SUPPORT OF OUR STAFF, MADE MEANINGFUL PROGRESS TOWARD THOSE ENDS IN 2010. OVER THE COURSE OF THE PAST YEAR, THE GASB FINALIZED FIVE DOCUMENTS, INCLUDING A STATEMENT THAT SIGNIFICANTLY REDUCES THE NEED FOR PRACTITIONERS TO SEARCH THROUGH VARIOUS SOURCES OUTSIDE OF THE GASB LITERATURE TO LOCATE THE NECESSARY ACCOUNTING GUIDANCE FOR THE GOVERNMENTAL ENVIRONMENT, AND NEW SUGGESTED GUIDELINES FOR GOVERNMENTS THAT VOLUNTARILY REPORT ON THEIR SERVICE PERFORMANCE RESULTS. THE FINAL DOCUMENTS ISSUED IN 2010 PROMOTE GREATER TRANSPARENCY AND ACCOUNTABILITY FOR STATE AND LOCAL GOVERNMENTS IN THE FOLLOWING AREAS: * FINANCIAL INSTRUMENTSSTATEMENT NO. 59, FINANCIAL INSTRUMENTS OMNIBUS UPDATES AND ENHANCES OUR EXISTING STANDARDS REGARDING FINANCIAL REPORTING AND DISCLOSURE REQUIREMENTS FOR FINANCIAL INSTRUMENTS AND EXTERNAL INVESTMENT POOLS. STATEMENT 59 OFFERS REAL BENEFITS TO FINANCIAL REPORT PREPARERS, IN TERMS OF PROVIDING GREATER CLARITY AND MINIMIZING UNCERTAINTY, AND TO USERS OF FINANCIAL REPORTS BY EQUIPPING THEM WITH MORE COMPLETE INFORMATION ON WHICH TO BASE THEIR RELATED DECISION MAKING. * SERVICE CONCESSION ARRANGEMENTSSTATEMENT NO. 60, ACCOUNTING AND FINANCIAL REPORTING FOR SERVICE CONCESSION ARRANGEMENTS, ESTABLISHES REPORTING GUIDANCE FOR SERVICE CONCESSION ARRANGEMENTS (SCA'S), WHICH ARE A TYPE OF PARTNERSHIP BETWEEN GOVERNMENTS AND PUBLIC OR PRIVATE OPERATORS FOR THE PROVISION OF PUBLIC SERVICES. STATEMENT 60 PROVIDES GUIDANCE ON THE ACCOUNTING AND FINANCIAL REPORTING FOR THE CAPITAL ASSETS AND ANY UP-FRONT PAYMENTS FROM OPERATORS, AND ON HOW TO RECORD THE TRANSFEROR GOVERNMENT'S SCA RELATED OBLIGATIONS. * THE FINANCIAL REPORTING ENTITYSTATEMENT NO. 61, THE FINANCIAL REPORTING ENTITY: OMNIBUS, AMENDS THE GASB'S ACCOUNTING AND FINANCIAL REPORTING STANDARDS FOR INCLUDING, PRESENTING, AND DISCLOSING INFORMATION ABOUT GOVERNMENTAL COMPONENT UNITS THAT, TOGETHER WITH THE PRIMARY GOVERNMENT, CONSTITUTE THE FINANCIAL REPORTING ENTITY. STATEMENT 61 IS DESIGNED TO IMPROVE THE STANDARDS FOR DEFINING AND PRESENTING THE FINANCIAL REPORTING ENTITY BY PROVIDING GUIDANCE THAT WILL ENABLE GOVERNMENTS TO INCLUDE ORGANIZATIONS THAT SHOULD BE INCLUDED, EXCLUDE ENTITIES THAT SHOULD BE NOT BE INCLUDED, AND DISPLAY AND DISCLOSE FINANCIAL INFORMATION ABOUT COMPONENT UNITS IN THE MOST APPROPRIATE AND USEFUL WAY. * CODIFICATION OF APPLICABLE FASB AND AICPA PRONOUNCEMENTSSTATEMENT NO. 62, CODIFICATION OF ACCOUNTING AND FINANCIAL REPORTING GUIDANCE CONTAINED IN PRE-NOVEMBER 30, 1989 FASB AND AICPA PRONOUNCEMENTS, SPECIFICALLY IDENTIFIES AND MAKES AVAILABLE THE ACCOUNTING AND FINANCIAL REPORTING PROVISIONS THAT APPLY TO STATE AND LOCAL GOVERNMENTS IN A SINGLE PRONOUNCEMENT AND MODIFIES THEM WHERE NECESSARY FOR THE GOVERNMENTAL ENVIRONMENT. THE GASB ISSUED ITS FIRST SUGGESTED GUIDELINES, WHICH ADDRESSES THE REPORTING OF INFORMATION ABOUT A GOVERNMENT'S SERVICE EFFORTS AND ACCOMPLISHMENTS (SEA) FOR THOSE ENTITIES THAT CHOOSE TO DO SO. THE SUGGESTED GUIDELINES ADDRESS THE ESSENTIAL COMPONENTS OF AN EFFECTIVE SEA REPORT, THE ASSOCIATED QUALITATIVE CHARACTERISTICS THAT REPRESENT THE ATTRIBUTES SEA PERFORMANCE INFORMATION NEEDS TO POSSESS, AND THE KEYS TO EFFECTIVE COMMUNICATION OF THIS INFORMATION. IN ADDITION TO THE FINAL DOCUMENTS ISSUED IN 2010, THE GASB ALSO ISSUED A NUMBER OF PROPOSALS OVER THE COURSE OF THE YEAR - SOME OF WHICH LED TO THE DOCUMENTS DESCRIBED ABOVE. THE GASB BOARD ALSO ISSUED PROPOSALS IN ITS ONGOING REEXAMINATION OF ITS EXISTING PENSION ACCOUNTING AND FINANCIAL REPORTING STANDARDS, AND REGARDING ELEMENTS OF NET POSITION IN A STATEMENT OF FINANCIAL POSITION.THE THIRTY-MEMBER GASAC IS AN ORGANIZATION OF KNOWLEDGEABLE AND EXPERIENCED PROFESSIONALS REPRESENTING THE GASB'S VARIED CONSTITUENTS WHO VOLUNTEER THEIR SERVICES TO WORK WITH THE GASB IN AN ADVISORY CAPACITY TO ENHANCE THE STANDARD SETTING PROCESS BY CONSULTING WITH THE GASB ON TECHNICAL ISSUES, PROJECT PRIORITIES, AND OTHER MATTERS LIKELY TO CONCERN THE GASB. GASAC MEMBERS ALSO PROVIDE AN IMPORTANT COMMUNICATION LINK BETWEEN THE GASB AND CONSTITUENT GROUPS, AND THEY STRIVE TO ENSURE THAT CONSTITUENT VIEWS ARE CONSISTENTLY AND EFFECTIVELY COMMUNICATED TO THE GASB ON A TIMELY BASIS | Description |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expense | 31969989 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 125 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 167 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 0 | UnrelatedBusinessIncome |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 16 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 14 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 0 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | AR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | CT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DE | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | DC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | GA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IL | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | IA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | KY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ME | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | MS | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | ND | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OK | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | OR | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | PA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SC | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | SD | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | TN | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | UT | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | VA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WA | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WV | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | WY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NH | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NJ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NM | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | NE | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PETER SPENCER | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2038470700 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 401 MERRITT 7 PO BOX 5116 | AddressLine1 |
| City | NORWALK | City |
| State | CT | State |
| ZIP Code | 06856 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (27 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| JOHN J BRENNAN | ||||||||
| TRUSTEE, CHAIRMAN | 20.00 | X | X | 240000 | 0 | 0 | ||
| ROBERT T BLAKELY | ||||||||
| TRUSTEE, VICE CHAIRMAN | 5.00 | X | X | 55000 | 0 | 0 | ||
| ELLYN L BROWN | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| JEFFREY J DIERMEIER | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| CYNTHIA P EISENHAUER | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| EDWARD M HARRINGTON | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| DENNIS M KASS | ||||||||
| TRUSTEE | 5.00 | X | 55000 | 0 | 0 | |||
| JOHN J PERRELL | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| SUSAN M PHILLIPS | ||||||||
| TRUSTEE | 5.00 | X | 55000 | 0 | 0 | |||
| JOHN J RADFORD | ||||||||
| TRUSTEE | 5.00 | X | 55000 | 0 | 0 | |||
| LUIS M VICEIRA | ||||||||
| TRUSTEE | 5.00 | X | 45000 | 0 | 0 | |||
| RICK ANDERSON | ||||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |||
| TIMOTHY P FLYNN | ||||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |||
| EDWARD E NUSBAUM | ||||||||
| TRUSTEE | 5.00 | X | 0 | 0 | 0 | |||
| FRANK H BROD | ||||||||
| TRUSTEE, TREASURER | 5.00 | X | X | 45000 | 0 | 0 | ||
| DOUGLAS A DONAHUE JR | ||||||||
| TRUSTEE | 5.00 | X | 38250 | 0 | 0 | |||
| TERESA S POLLEY | ||||||||
| PRESIDENT | 40.00 | X | 451710 | 0 | 43522 | |||
| RONALD P GUERRETTE | ||||||||
| VICE PRESIDENT | 40.00 | X | 321381 | 0 | 64356 | |||
| JODI P DOTTORI | ||||||||
| VICE PRESIDENT AND GENERAL | 40.00 | X | 244879 | 0 | 63330 | |||
| ROBERT H ATTMORE | ||||||||
| CHAIRMAN, GASB | 40.00 | 424480 | 0 | 69748 | X | |||
| ROBERT H HERZ | ||||||||
| CHAIRMAN, FASB (UNTIL 9/30/10) | 40.00 | 896890 | 0 | 43136 | X | |||
| LESLIE F SEIDMAN | ||||||||
| CHAIRMAN, FASB (EFFECTIVE 10/1/10) | 40.00 | 762104 | 0 | 63226 | X | |||
| LAWRENCE W SMITH | ||||||||
| BOARD MEMBER | 40.00 | 778816 | 0 | 78358 | X | |||
| MARC A SEIGEL | ||||||||
| BOARD MEMBER | 40.00 | 679235 | 0 | 48935 | X | |||
| THOMAS J LINSMEIER | ||||||||
| BOARD MEMBER | 40.00 | 685737 | 0 | 71533 | X | |||
| RUSSELL G GOLDEN | ||||||||
| BOARD MEMBER | 40.00 | 491114 | 0 | 55506 | X | |||
| DAVID R BEAN | ||||||||
| DIRECTOR | 40.00 | 350379 | 0 | 66132 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 6899975 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 667782 | TotalOtherCompensation |
| Number Individuals GT100 K | 78 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| ADVANCED COMPUTER TECHNOLOGIES | |||||
| 108 MAIN STREET | NORWALK | CT | 06851 | IT OUTSOURCING | 508481 |
| K & L GATES | |||||
| 1601 K STREET NW | WASHINGTON | DC | 20006 | CONSULTANT EXTERNAL RELATIONS | 483178 |
| THOMAS HOEY & ASSOCIATES | |||||
| 1446 TERRANCE DRIVE | NAPERVILLE | IL | 60565 | CONSULTANT-FASB CODIFICATION AND TAXONOM | 402745 |
| RIDGEWAY PARTNERS LLC | |||||
| 1370 AVENUE OF THE AMERICAS | NEW YORK | NY | 10019 | RECRUITERS | 264311 |
| MCGLADREY PULLEN LLP | |||||
| 5155 PAYSPHERE CIRCLE | CHICAGO | IL | 60674 | AUDITOR | 181269 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 13 | NumberOfContractorsGT100K |
| All Other Contributions | 1201974 | AllOtherContributions |
| Total Contributions | 1201974 | TotalContributions |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1191314 | TotalRevenueColumn |
| Exclusion | $1,191,314 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 15656 | TotalRevenueColumn |
| Exclusion | $15,656 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 273 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 727 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 727 | TotalRevenueColumn |
| Exclusion | $727 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 5471138 | GrossSalesOfInventory |
| Cost Of Goods Sold | 4786126 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 685012 | TotalRevenueColumn |
| Related Or Exempt Function Income | 685012 | RelatedOrExemptFunctionIncome |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| ACCOUNTING SUPPORT FEE | 900099 | 34084640 | 34084640 |
| LICENSE FEE REVENUES | 900099 | 12926162 | 12926162 |
| OTHER REVENUE | 900099 | 79975 | 79975 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 47090777 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 50185460 | TotalRevenueColumn |
| Related Or Exempt Function Income | 47775789 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $1,207,697 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4262012 | Total |
| Program Services | 2259584 | ProgramServices |
| Management And General | 1993101 | ManagementAndGeneral |
| Fundraising | 9327 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20080877 | Total |
| Program Services | 19311675 | ProgramServices |
| Management And General | 737279 | ManagementAndGeneral |
| Fundraising | 31923 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2563245 | Total |
| Program Services | 2240378 | ProgramServices |
| Management And General | 318283 | ManagementAndGeneral |
| Fundraising | 4584 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2206616 | Total |
| Program Services | 1752004 | ProgramServices |
| Management And General | 452652 | ManagementAndGeneral |
| Fundraising | 1960 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1022086 | Total |
| Program Services | 890854 | ProgramServices |
| Management And General | 129152 | ManagementAndGeneral |
| Fundraising | 2080 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 186770 | Total |
| Management And General | 186770 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222707 | Total |
| Management And General | 222707 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 483178 | Total |
| Management And General | 483178 | ManagementAndGeneral |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 625 | Total |
| Management And General | 625 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2647484 | Total |
| Program Services | 1767236 | ProgramServices |
| Management And General | 880248 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 488080 | Total |
| Program Services | 59777 | ProgramServices |
| Management And General | 428303 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 634073 | Total |
| Management And General | 634073 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1619508 | Total |
| Program Services | 1049220 | ProgramServices |
| Management And General | 570288 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 845263 | Total |
| Program Services | 792086 | ProgramServices |
| Management And General | 53177 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 941176 | Total |
| Program Services | 730174 | ProgramServices |
| Management And General | 211002 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1029830 | Total |
| Program Services | 457268 | ProgramServices |
| Management And General | 572562 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 185619 | Total |
| Management And General | 185619 | ManagementAndGeneral |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PLACEMENT & RECRUITING | 514752 | 71639 | 443113 | 0 |
| SUBSCRIPTION & LIBRARY | 238085 | 226653 | 11432 | |
| BILLING AND COLLECTION | 209400 | 209400 | ||
| ANNUAL REPORT | 106056 | 76360 | 29696 | |
| MEMBERSHIPS | 39447 | 29701 | 9746 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 223868 | Total |
| Program Services | 45980 | ProgramServices |
| Management And General | 168895 | ManagementAndGeneral |
| Fundraising | 8993 | Fundraising |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40750757 | Total |
| Program Services | 31969989 | ProgramServices |
| Management And General | 8721901 | ManagementAndGeneral |
| Fundraising | 58867 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2835500 | BOY |
| EOY | 4237342 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7757880 | BOY |
| EOY | 8157688 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 25000 | BOY |
| EOY | 25000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2563792 | BOY |
| EOY | 3174545 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 72701 | BOY |
| EOY | 96468 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 233624 | BOY |
| EOY | 357575 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 15057852 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 12482154 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2094381 | BOY |
| EOY | 2575698 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 54408626 | BOY |
| EOY | 63215080 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 477798 | BOY |
| EOY | 818394 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70469302 | BOY |
| EOY | 82657790 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1171359 | BOY |
| EOY | 2313348 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3404412 | BOY |
| EOY | 6678094 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6500162 | BOY |
| EOY | 5377900 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11075933 | BOY |
| EOY | 14369342 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59393369 | BOY |
| EOY | 68288448 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59393369 | BOY |
| EOY | 68288448 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 70469302 | BOY |
| EOY | 82657790 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 9434703 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -539624 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24565340 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 24150378 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 25200793 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 30079783 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35286613 | CurrentTaxYear |
| Total | 139282907 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 24565340 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 24150378 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 25200793 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 30079783 | CurrentTaxYearMinus1Year |
| Current Tax Year | 35286613 | CurrentTaxYear |
| Total | 139282907 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 139282907 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1825485 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 3179420 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 2257605 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1448199 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1286945 | CurrentTaxYear |
| Total | 9997654 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 149280561 | TotalSupport |
| Gross Receipts From Admissions Etc | 82361261 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.93300 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.90900 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Political Expenditures | 0 | PoliticalExpenditures |
| Amt Of4955 Tax | 0 | AmtOf4955Tax |
| Amt Of4955 Tax On Managers | 0 | AmtOf4955TaxOnManagers |
Total Grassroots Lobbying TotalGrassrootsLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Total Direct Lobbying TotalDirectLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 640000 | FilingOrganizationsTotals |
Total Lobbying Expenditures TotalLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 640000 | FilingOrganizationsTotals |
Other Exempt Purpose Expenditures OtherExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 40110757 | FilingOrganizationsTotals |
Total Exempt Purpose Expenditures TotalExemptPurposeExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 40750757 | FilingOrganizationsTotals |
Lobbying Nontaxable LobbyingNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 1000000 | FilingOrganizationsTotals |
Grassroots Nontaxable GrassrootsNontaxableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 250000 | FilingOrganizationsTotals |
Tot Lobbying Grassroot Minus Non Tx TotLobbyingGrassrootMinusNonTx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Tot Lobby Expend Mns Lobbying Nontx TotLobbyExpendMnsLobbyingNontx
| Field | Value | IRS element (for citing) |
|---|---|---|
| Filing Organizations Totals | 0 | FilingOrganizationsTotals |
Lobbying Nontaxable Amount2 LobbyingNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 1000000 | CurrentYearMinus3 |
| Current Year Minus2 | 1000000 | CurrentYearMinus2 |
| Current Year Minus1 | 1000000 | CurrentYearMinus1 |
| Current Year | 1000000 | CurrentYear |
| Total | 4000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Lobbying Ceiling | $6,000,000 | LobbyingCeilingAmount |
Total Lobbying Expenditures2 TotalLobbyingExpenditures2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus2 | 130189 | CurrentYearMinus2 |
| Current Year Minus1 | 510000 | CurrentYearMinus1 |
| Current Year | 640000 | CurrentYear |
| Total | 1280189 | Total |
Grassroots Nontaxable Amount2 GrassrootsNontaxableAmount2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 250000 | CurrentYearMinus3 |
| Current Year Minus2 | 250000 | CurrentYearMinus2 |
| Current Year Minus1 | 250000 | CurrentYearMinus1 |
| Current Year | 250000 | CurrentYear |
| Total | 1000000 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grassroots Ceiling | $1,500,000 | GrassrootsCeilingAmount |
Grassroots Lobbying Expenditures GrassrootsLobbyingExpenditures
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year Minus3 | 0 | CurrentYearMinus3 |
| Current Year Minus2 | 0 | CurrentYearMinus2 |
| Current Year Minus1 | 0 | CurrentYearMinus1 |
| Current Year | 0 | CurrentYear |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | PART IV, SUPPLEMENTAL INFORMATION: | Identifier |
| Explanation | EXPENSES PAID TO CONSULTANTS RELATED TO EDUCATING AND INFORMING LAWMAKERS ABOUT THE ACCOUNTING STANDARD SETTING PROCESS AND SPECIFICALLY POTENTIAL LEGISLATION RELATING TO THE OVERSIGHT AND/OR TECHNICAL ACTIVITIES OF THE FASB AND THE GASB INCLUDING THE FOLLOWING: * THE WALL STREET REFORM AND CONSUMER PROTECTION ACT OF 2009 (H.R. 4173) * THE RESTORING AMERICAN FINANCIAL STABILITY ACT OF 2009 (UNNUMBERED) * THE FEDERAL ACCOUNTING OVERSIGHT BOARD ACT OF 2009 (H.R. 1349) * PUBLIC EMPLOYEE PENSION TRANSPARENCY ACT (H.R. 6484) * SMALL BUSINESS LENDING FUNDING ACT (H.R. 5297) | Explanation |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3662024 | OtherCostOrOtherBasis |
| Depreciation | 3346882 | Depreciation |
| Book Value | 315142 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 11395828 | OtherCostOrOtherBasis |
| Depreciation | 9135272 | Depreciation |
| Book Value | 2260556 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 2575698 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities (4 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| ACCRUED PAYROLL AND RELATED BENEFITS | $827,116 |
| ACCRUED RENT EXPENSE | $973,068 |
| ACCRUED PENSION COSTS | $2,954,380 |
| ACCRUED POSTRETIREMENT HEALTH CARE COSTS | $623,336 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 5377900 | TotalOfAmounts |
| Total Revenue | 50185460 | TotalRevenue |
| Total Expenses | 40750757 | TotalExpenses |
| Excess Or Deficit For Year | 9434703 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 629606 | NetUnrealizedGLOnInvestments |
| Other | -$1,169,230 | OtherAmount |
| Total Adjustments | -539624 | TotalAdjustments |
| Excess Or Deficit Per FS | 8895079 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 50956191 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 629606 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 141750 | DonatedSrvcAndUseOfFacilities |
| Revenue Not Rptd F990 | 771356 | RevenueNotRptdF990 |
| Revenue Subtotal | 50184835 | RevenueSubtotal |
| Investment Expenses Not Included | 625 | InvestmentExpensesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 625 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 50185460 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 40891882 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 141750 | DonatedServicesUseOfFacilities |
| Expenses Not Rptd F990 | 141750 | ExpensesNotRptdF990 |
| Expenses Subtotal | 40750132 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 625 | InvestmentExpensesNotIncluded2 |
| Expenses Not Rptd On Fin Stmt | 625 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 40750757 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (2 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| PART XI, LINE 8 - OTHER ADJUSTMENTS: | PENSION RELATED CHANGES-AMOUNTS REFLECTED AS OTHER CHANGE IN NET ASSETS |
| FORM 990, PART IV, LINE 11F TAX POSITION FOOTNOTE IN AUDITED FINANCIAL STATEMENTS: THE FOUNDATION IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. TAX POSITIONS FOR OPEN TAX YEARS WERE REVIEWED AND IT WAS DETERMINED THAT NO PROVISION FOR UNCERTAIN TAX POSITIONS IS REQUIRED. THE FOUNDATION IS CURRENTLY OPEN TO AUDIT UNDER THE STATUTE OF LIMITATIONS BY THE INTERNAL REVENUE SERVICE AND STATE TAXING AUTHORITIES FOR THE YEARS ENDING DECEMBER 31, 2007 THROUGH 2009. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (3 entries)
| RegionRegion | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | PROGRAM SERVICES | ATTEND MEETINGS AND ROUNDTABLES WITH INTERNATIONAL ACCOUNTING STANDARDS BOARD ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS | 442000 |
| EAST ASIA AND THE PACIFIC | PROGRAM SERVICES | ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS | 66000 |
| SOUTH AMERICA | PROGRAM SERVICES | ATTEND MEETINGS WITH STANDARD SETTERS AND OTHERS ON ISSUES RELATED TO INTERNATIONAL CONVERGENCE OF ACCOUNTING STANDARDS | 9000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 517000 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 517000 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 0 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 1 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JOHN J BRENNAN | |||||||||||||
| 240000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240000 | 0 | 0 | 0 |
| TERESA S POLLEY | |||||||||||||
| 386800 | 0 | 0 | 0 | 64910 | 0 | 42322 | 0 | 4847 | 0 | 498879 | 0 | 0 | 0 |
| RONALD P GUERRETTE | |||||||||||||
| 280411 | 0 | 0 | 0 | 40970 | 0 | 45973 | 0 | 21046 | 0 | 388400 | 0 | 0 | 0 |
| JODI P DOTTORI | |||||||||||||
| 235762 | 0 | 7500 | 0 | 1617 | 0 | 33259 | 0 | 32365 | 0 | 310503 | 0 | 0 | 0 |
| ROBERT H ATTMORE | |||||||||||||
| 366596 | 0 | 0 | 0 | 57884 | 0 | 66427 | 0 | 6790 | 0 | 497697 | 0 | 0 | 0 |
| ROBERT H HERZ | |||||||||||||
| 565623 | 0 | 0 | 0 | 331267 | 0 | 29407 | 0 | 16999 | 0 | 943296 | 0 | 0 | 0 |
| LESLIE F SEIDMAN | |||||||||||||
| 646824 | 0 | 0 | 0 | 115280 | 0 | 37419 | 0 | 30167 | 0 | 829690 | 0 | 0 | 0 |
| LAWRENCE W SMITH | |||||||||||||
| 611219 | 0 | 0 | 0 | 167597 | 0 | 52829 | 0 | 29889 | 0 | 861534 | 0 | 0 | 0 |
| MARC A SEIGEL | |||||||||||||
| 611087 | 0 | 0 | 0 | 68148 | 0 | 22791 | 0 | 30504 | 0 | 732530 | 0 | 0 | 0 |
| THOMAS J LINSMEIER | |||||||||||||
| 609276 | 0 | 0 | 0 | 76461 | 0 | 43578 | 0 | 32015 | 0 | 761330 | 0 | 0 | 0 |
| RUSSELL G GOLDEN | |||||||||||||
| 456449 | 0 | 0 | 0 | 34665 | 0 | 29699 | 0 | 29681 | 0 | 550494 | 0 | 0 | 0 |
| DAVID R BEAN | |||||||||||||
| 315682 | 0 | 7000 | 0 | 27697 | 0 | 45797 | 0 | 23349 | 0 | 419525 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | FIRST CLASS TRAVEL IS ALLOWED PER POLICY ONLY UNDER CERTAIN CIRCUMSTANCES. FOR DOMESTIC TRAVEL CROSSING MORE THAN TWO TIME ZONES BOARD MEMBERS, TRUSTEES AND THE PRESIDENT MAY ELECT BUSINESS CLASS (OR THE NEXT AVAILABLE CLASS OF SERVICE ABOVE COACH IF BUSINESS IS NOT PROVIDED), WHICH MAY BE FIRST CLASS. OTHER EMPLOYEES MUST OBTAIN APPROVAL FOR SUCH TRAVEL. FOR INTERNATIONAL TRAVEL OUTSIDE NORTH AMERICA GREATER THAN SIX HOURS, ALL INDIVIDUALS MAY ELECT BUSINESS CLASS (OR THE NEXT HIGHEST CLASS OF SERVICE ABOVE COACH, IF UNAVAILABLE), WHICH MAY BE FIRST CLASS. REIMBURSEMENT FOR FIRST CLASS TRAVEL WAS NOT INCLUDED AS COMPENSATION. GROSS-UP PAYMENTS ARE MADE RELATIVE TO THE FOUNDATION'S 457(F)SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. GROSS-UP PAYMENTS ARE ALSO MADE ON CERTAIN PORTIONS OF THE FAF'S NON-QUALIFIED DEFINED CONTRIBUTIONS MADE ON COMPENSATION IN EXCESS OF THE IRC ANNUAL LIMIT. TO THE EXTENT THAT DEFINED CONTRIBUTIONS ON COMPENSATION IN EXCESS OF THE IRC LIMIT EXCEED THE AMOUNT THAT AN EMPLOYEE MAY INDIVIDUALLY CONTRIBUTE BEFORE TAXES TO THE FAF'S QUALIFIED 403(B) DEFINED CONTRIBUTION PLAN, THE FAF PROVIDES GROSS-UP PAYMENTS ON SUCH AMOUNTS. ALL EMPLOYEES ARE ELIGIBLE FOR REIMBURSEMENT FOR A PORTION OF HEALTH CLUB DUES AT SELECTED FACILITIES, WHICH ARE INCLUDED AS COMPENSATION. |
| PART I, LINES 4A-B | MONTHLY PAYMENTS TOTALING $206,804 WERE MADE TO ROBERT HERZ, FORMER FASB CHAIRMAN, IN CONNECTION WITH THE TWELVE MONTH AGREEMENT ENTERED INTO IN CONNECTION WITH HIS DEPARTURE FROM THE FAF. THE FOLLOWING COVERED INDIVIDUALS PARTICIPATED IN THE FOUNDATION'S NON-QUALIFIED RETIREMENT BENEFIT PLAN/PROGRAMS IN 2010 AND RECEIVED AND/OR WERE DEEMED TO HAVE RECEIVED THE FOLLOWING AMOUNTS: TERESA POLLEY - $61,587 RONALD GUERRETTE - $35,917 ROBERT HERZ - $118,135 LAWRENCE SMITH - $161,064 LESLIE SEIDMAN - $111,760 THOMAS LINSMEIER - $72,754 ROBERT ATTMORE - $46,143 RUSSELL GOLDEN - $32,445 MARC SEIGEL - $65,648 DAVID BEAN - $23,558 AMOUNTS REPRESENT BENEFITS RECEIVED AND/OR WERE DEEMED TO HAVE RECEIVED UNDER SUPPLEMENTAL PLANS THAT ARE SUBSTANTIALLY EQUIVALENT TO THE BENEFITS PROVIDED UNDER FAF'S QUALIFIED RETIREMENT PLANS ON COMPENSATION IN EXCESS OF THE INTERNAL REVENUE CODE COMPENSATION LIMIT. |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| KPMG LLP | |||
| TIMOTHY FLYNN IS CHAIRMAN OF KPMG, LLP/TRUSTEE OF THE FOUNDATION | 1723120 | THERE ARE SEVERAL TRANSACTIONS BETWEEN BETWEEN KPMG AND THE FOUNDATION. THE FOUNDATION LICENSES SUBSCRIPTION SERVICES TO ITS AUTHORITATIVE LITERATURE TO KPMG FOR ITS INTERNAL USE AS WELL AS SUBLICENSING AND ARE SUBSTANTIALLY SIMILAR TO THOSE FEES CHARGED TO SIMILIARLY SIZED LICENSEES. IN ADDITION, KPMG PURCHASES HARDCOPY PUBLICATIONS AND SUBSCRIPTIONS OF THE AUTHORITATIVE LITERATURE. THESE TRANSACTIONS ARE AT ARMS-LENGTH, AND BASED UPON THE FOUNDATION'S STATUS AS THE AUTHORITATIVE STANDARD SETTER FOR ACCOUNTING, ARE A NECESSITY. IN ADDITION, SEVERAL MEMBERS OF KPMG PARTICIPATED IN THE FAF'S FELLOWSHIP PROGRAM. THESE INDIVIDUALS WORK AT THE FASB & GASB FOR PERIODS RANGING FROM 18-24 MONTHS, AND FAF REIMBURSES KPMG AN AGREED UPON FEE FOR THEIR SERVICES. TIMOTHY FLYNN HAS NO DIRECT INVOLVEMENT IN NEGOTIATING THE TERMS OR AMOUNTS IN THE AGREEMENTS AND RECEIVES NO BENEFIT FROM THE TRANSACTIONS. | 0 |
| GRANT THORNTON LLP | |||
| EDWARD NUSBAUM IS CEO OF GRANT THORNTON/TRUSTEE OF THE FOUNDATION | 248747 | THERE ARE SEVERAL TRANSACTIONS BETWEEN BETWEEN GRANT THORNTON AND THE FOUNDATION. GRANT THORNTON PURCHASES HARDCOPY PUBLICATIONS AND SUBSCRIPTIONS OF THE AUTHORITATIVE LITERATURE. THESE TRANSACTIONS ARE AT ARMS-LENGTH, AND BASED UPON THE FOUNDATION'S STATUS AS THE AUTHORITATIVE STANDARD SETTER FOR ACCOUNTING, ARE A NECESSITY. IN ADDITION, SEVERAL MEMBERS OF GRANT THORNTON PARTICIPATED IN THE FAF'S FELLOWSHIP PROGRAM. THESE INDIVIDUALS WORK AT THE FASB & GASB FOR PERIODS RANGING FROM 18-24 MONTHS, AND FAF REIMBURSES GRANT THORNTON AN AGREED UPON FEE FOR THEIR SERVICES. EDWARD NUSBAUM HAS NO DIRECT INVOLVEMENT IN NEGOTIATING THE TERMS OR AMOUNTS IN THE AGREEMENTS AND RECEIVES NO BENEFIT FROM THE TRANSACTIONS. | 0 |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation | Return ReferenceReturnReference |
|---|---|---|
| FORM 990, PART VI, SECTION B, LINE 11 | THE AUDIT AND COMPLIANCE COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS AND APPROVES THE FORM 990 PRIOR TO IT BEING FILED. ONCE APPROVED BY THE AUDIT AND COMPLIANCE COMMITTEE, A COPY OF THE 990 IS SENT TO THE FULL BOARD OF TRUSTEES PRIOR TO THE FILING. | |
| THE FOUNDATION HAS A WRITTEN CONFLICT OF INTEREST POLICY THAT COVERS THE FASB AND GASB BOARD MEMBERS, THE FAF PRESIDENT, AND ALL OTHER EMPLOYEES OF THE FAF. ON A QUARTERLY BASIS THESE INDIVIDUALS ARE REQUIRED TO REPORT THEIR INTERESTS THAT WOULD POSE A CONFLICT TO THE FOUNDATION. FAILURE TO ADHERE TO THE POLICY CAN INCLUDE TERMINATION. THE FAF ALSO MAINTAINS AN OMBUDS POLICY APPLICABLE TO ALL FAF EMPLOYEES AND THE MEMBERS OF THE FAF BOARD OF TRUSTEES. UNDER THE OMBUDS POLICY, EACH EMPLOYEE AND TRUSTEE HAS AN AFFIRMATIVE DUTY TO REPORT PROMPTLY VIOLATIONS OF LAWS AND UNETHICAL (INCLUDING CONFLICTS OF INTEREST), UNWANTED AND/OR QUESTIONABLE BEHAVIOR. THE OMBUDS POLICY PROVIDES SPECIFIC PROTECTIONS FROM EMPLOYMENT RETALIATION TO INDIVIDUALS WHO, IN GOOD FAITH, REPORT POTENTIAL VIOLATIONS OF THE OMBUDS AND OTHER POLICIES OF THE FAF. THE FAF IS ALSO IN THE PROCESS OF DEVELOPING A STAND-ALONE CODE OF ETHICS/CONFLICTS POLICY THAT WILL BE APPLICABLE TO THE FAF TRUSTEES. | FORM 990, PART VI, SECTION B, LINE 12C | |
| THE FINANCE AND COMPENSATION COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, HAS THE AUTHORITY TO RECOMMEND ANNUAL COMPENSATION PARAMETERS FOR THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER, FASB AND GASB CHAIRS (AS KEY EMPLOYEES), AND CERTAIN OTHER FAF EMPLOYEES, INCLUDING FASB MEMBERS WHO ARE AMONG THE 5 HIGHEST COMPENSATED EMPLOYEES OF THE FAF. THESE RECOMMENDATIONS ARE BASED ON COMPENSATION STUDIES CONDUCTED BY INDEPENDENT CONSULTANTS THAT PERFORM MARKET RESEARCH AND PROVIDE COMPREHENSIVE COMPENSATION COMPARABILITY REPORTS. THE APPOINTMENTS AND EVALUATIONS COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF FASB AND GASB MEMBERS ANNUALLY, AND THE EXECUTIVE COMMITTEE OF THE FAF BOARD OF TRUSTEES, WHICH IS COMPRISED OF INDEPENDENT TRUSTEES, IS RESPONSIBLE FOR REVIEWING THE PERFORMANCE OF THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER ANNUALLY. SINCE THE ACTUAL COMPENSATION AMOUNT IS TIED TO PERFORMANCE, THE APPOINTMENTS AND EVALUATIONS COMMITTEE SHALL DETERMINE THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FASB AND GASB MEMBERS, WHILE THE EXECUTIVE COMMITTEE SHALL DETERMINE THE SPECIFIC COMPENSATION RECOMMENDATION FOR THE FAF PRESIDENT AND CHIEF EXECUTIVE OFFICER. THESE COMPENSATION RECOMMENDATIONS WILL THEN BE PROVIDED TO THE FULL BOARD OF TRUSTEES FOR ITS APPROVAL. FULL COMPENSATION STUDIES ARE COMPLETED AT LEAST EVERY THREE YEARS, WITH THE LAST STUDY BEING PERFORMED IN 2008. IN THE INTERVENING YEARS, THE COMPENSATION DATA IS UPDATED BY THE CONSULTANTS. ADDITIONALLY, THE INDEPENDENT CONSULTING FIRMS PROVIDED WRITTEN OPINIONS AFFIRMING THE FAIRNESS (UNDER THE INTERMEDIATE SANCTIONS RULES PROMULGATED PURSUANT TO THE IRC) OF THE COMPENSATION DETERMINATIONS MADE BY THE BOARD OF TRUSTEES WITH RESPECT TO KEY EMPLOYEES. FOR OTHER FAF OFFICERS AND SENIOR LEVEL EMPLOYEES, SALARY RANGES ARE REVIEWED AT LEAST EVERY THREE YEARS ON THE BASIS OF MARKET COMPENSATION DATA PROVIDED BY OUTSIDE COMPENSATION FIRMS. DURING THE INTERVENING YEARS, SALARY RANGES ARE ADJUSTED FOR INFLATION. THE MOST RECENT COMPENSATION STUDIES WITH RESPECT TO THESE FAF STAFF POSITIONS WERE PERFORMED IN 2010 FOR IMPLEMENTATION TO COINCIDE WITH THE ANNUAL 2011 SALARY INCREASES. | FORM 990, PART VI, SECTION B, LINE 15 | |
| THE ANNUAL REPORT, WHICH INCLUDES THE FOUNDATION'S AUDITED FINANCIAL STATEMENTS, AND GOVERNING DOCUMENTS ARE LOCATED ON THE FOUNDATION'S WEBSITE. AT THIS TIME, THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS AVAILABLE TO THE PUBLIC UPON REQUEST. | FORM 990, PART VI, SECTION C, LINE 19 | |
| CHANGES IN NET ASSETS OR FUND BALANCES: | NET UNREALIZED GAINS ON INVESTMENTS: 629,606. PENSION RELATED CHANGES-AMOUNTS REFLECTED AS OTHER CHANGE IN NET ASSETS -1,169,230. TOTAL TO FORM 990, PART XI, LINE 5: -539,624. | FORM 990, PART XI, LINE 5: |
| THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. | FORM 990, PART XII, LINE 2C | |
| WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY | THE FOUNDATION HAS ADOPTED A WRITTEN DOCUMENT RETENTION AND DESTRUCTION POLICY IN 2011. | FORM 990, PART VI, SECTION B, LINE 14 |
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