2024-11-14T10:48:42-06:00 2023-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2023-01-01 042200147 SALZBURG GLOBAL SEMINAR INC SALZ 2026377683 1541 14TH STREET NW 2 WEST WASHINGTON DC 20005 JULIE JONES CFO 2026377683 2024-11-13 1 0 LORI ROTHE YOKOBOSKY CPA P01273422 4107834900 2024-11-12 2023 2024-10-15 13:58:12Z X JULIE JONES 1541 14TH STREET NW 2 WEST WASHINGTON DC 20005 15348963 0 X WWW.SALZBURGGLOBAL.ORG X 1947 MA TO CHALLENGE CURRENT AND FUTURE LEADERS TO SHAPE A BETTER WORLD. 29 27 11 44 4585202 0 11603560 10755571 3634551 4823116 -1279527 -748406 255018 160958 14213602 14991239 0 0 0 0 5164561 5916526 0 0 215776 5899733 7079132 11064294 12995658 3149308 1995581 30912683 34823974 14131019 13310434 16781664 21513540 X THE MISSION OF SALZBURG GLOBAL SEMINAR IS TO CHALLENGE CURRENT AND FUTURE LEADERS TO SHAPE A BETTER WORLD. OUR MULTI-YEAR PROGRAMS AIM TO BRIDGE DIVIDES, EXPAND COLLABORATIONS, AND TRANSFORM SYSTEMS. 0 0 10901584 398872 SALZBURG GLOBAL SEMINAR, INC. ("SGS") IS AN INDEPENDENT NON-PROFIT ORGANIZATION, HEADQUARTERED IN WASHINGTON D.C. AND BASED AT SCHLOSS LEOPOLDSKRON IN SALZBURG, AUSTRIA. SGS WAS FOUNDED IN 1947 BY THREE YOUNG VISIONARIES AT HARVARD UNIVERSITY AS THE "SALZBURG SEMINAR IN AMERICAN STUDIES" TO ENCOURAGE THE REVIVAL OF INTELLECTUAL DIALOGUE IN POST-WAR EUROPE. SGS CONVENES OUTSTANDING TALENT ACROSS GENERATIONS, CULTURES AND SECTORS TO INSPIRE NEW THINKING AND ACTION, AND TO CONNECT LOCAL INNOVATORS WITH GLOBAL RESOURCES. SEE SCHEDULE O FOR CONTINUING INFORMATION.OUR PROGRAMS COVER CHALLENGES FACING THE WORLD IN EDUCATION, HEALTH, ENVIRONMENT, FINANCE, RULE OF LAW, HUMAN RIGHTS, MEDIA AND THE ARTS. WE FOSTER LASTING NETWORKS AND PARTNERSHIPS FOR CREATIVE, JUST AND SUSTAINABLE CHANGE. OVER 40,000 FELLOWS FROM MORE THAN 170 COUNTRIES HAVE COME TOGETHER THROUGH OUR WORK, WITH MANY RISING TO SENIOR LEADERSHIP POSITIONS. OUR HISTORIC HEADQUARTERS AT SCHLOSS LEOPOLDSKRON IN SALZBURG, AUSTRIA, BUILT IN 1736 BY THE ARCHBISHOP OF SALZBURG, RESTORED BY THE SALZBURG FESTIVAL'S CO-FOUNDER MAX REINHARDT, USED BY HOLLYWOOD FOR SETS IN THE SOUND OF MUSIC, AND NOW AN AWARD-WINNING HOTEL ALLOWS US TO WELCOME ALL PARTICIPANTS IN CONDITIONS OF TRUST AND OPENNESS.FOR MORE INFORMATION AND TO SEE OUR CALENDAR OF UPCOMING PROGRAMS, PLEASE VISIT: WWW.SALZBURGGLOBAL.ORG 10901584 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 1 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 15 0 1 11 1 1 1 1 AU 0 0 0 0 0 0 0 0 0 0 X 29 27 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MD MA NY VA VT MI X X JULIE JONES 2026377683 1541 14TH STREET NW SUITE 2 WEST WASHINGTON DC 20005 ADENA TESTA SECRETARY 1.00 X X 0 0 0 ANDRE KELLENERS DIRECTOR 1.00 X 0 0 0 ANNE GATES DIRECTOR 1.00 X 0 0 0 B THOMAS MANSBACH DIRECTOR 1.00 X 0 0 0 BOB HOYT DIRECTOR 1.00 X 0 0 0 BRIGHT SIMONS DIRECTOR 1.00 X 0 0 0 BYRON L BOSTON TREASURER 1.00 X X 0 0 0 CHRISTOPHER F LEE DIRECTOR 1.00 X 0 0 0 CLAUDIO X GONZALEZ VICE CHAIR 1.00 X X 0 0 0 DANIELE MMINELE DIRECTOR 1.00 X 0 0 0 GRANT CAMBRIDGE DIRECTOR 1.00 X 0 0 0 JESSICA ELIASI DIRECTOR 1.00 X 0 0 0 JOHN B BELLINGER III DIRECTOR 1.00 X 0 0 0 MARJORIE LAYDEN-SCHIMBERG DIRECTOR 1.00 X 0 0 0 MARTHA A DARLING DIRECTOR 1.00 X 0 0 0 MARTIN WEISS PRESIDENT & CEO 40.00 X X 371219 0 94979 MAX M SCHLERETH DIRECTOR 1.00 X 0 0 0 PETER WILSON-SMITH DIRECTOR 1.00 X 0 0 0 ROBERT H MUNDHEIM DIRECTOR 1.00 X 0 0 0 ULRIKE SCHWARZ-RUNER DIRECTOR 1.00 X 0 0 0 VICTORIA KENNEDY DIRECTOR 1.00 X 0 0 0 VICTORIA MARS CHAIR OF THE BOARD 1.00 X X 0 0 0 JIM G ELLIS DIRECTOR 1.00 X 0 0 0 WIM MIJS DIRECTOR 1.00 X 0 0 0 ROBERT HOLZMANN DIRECTOR 1.00 X 0 0 0 SEBASTIENNE MUNDHEIM DIRECTOR 1.00 X 0 0 0 HENRY MYERBERG DIRECTOR 1.00 X 0 0 0 PETRA SCHNEEBAUER DIRECTOR 1.00 X 0 0 0 KRISTINA VER FOLEY MANAGING DIRECTOR, US OFFICE 40.00 X 107099 0 18836 BEN GLAHN DEPUTY CEO AND MANAGING DI 40.00 X 275696 0 87245 BETH PERTILLER MANAGING DIRECTOR OPERATIO 40.00 X 104785 0 44562 DANIEL SZELEYNI MANAGING DIRECTOR SCHLOSS 40.00 X 148243 0 55460 MANUELA RESCH-TRAMPITSCH MANAGING DIRECTOR FINANCE 40.00 X 100075 0 46490 THOMAS BIEBL MANAGING DIRECTOR PUBLIC A 40.00 X 130724 0 51088 1237841 0 398660 7 0 1 0 MARCUM LLP 750 THIRD AVENUE 11TH FLOOR NEW YORK NY 10017 ACCOUNTING SERVICES 231352 COHNREZNICK 14 SYLVAN WAY 3RD FLOOR PARSIPPANY NJ 07054 TAX SERVICES 105223 2 301313 10454258 10755571 CONFERENCE INCOME 721000 4434330 4434330 PARTICIPANT FUNDED TUITION 611430 388786 388786 4823116 -878247 -878247 487565 357724 129841 129841 129841 160958 10086 150872 160958 14991239 398872 4585202 -748406 X 592133 541492 33846 16795 5324393 4869036 304339 151018 21358 13440 7858 60 336451 211717 123782 952 1106539 696307 407102 3130 496509 427134 46498 22877 1217659 1042162 155323 20174 604141 182250 421891 409343 275201 134142 FOOD & BEVERAGE 1095715 1095715 MAINTENANCE AND UTILITI 809992 809992 TAXES 135052 89472 45580 BAD DEBT 12433 12433 833940 647666 185504 770 12995658 10901584 1878298 215776 1881035 3871490 572604 597529 2303447 2765880 2022396 2006645 14782352 9302029 5301711 5480323 18714266 20081415 117224 20692 30912683 34823974 2135948 2383245 811971 406181 11064685 10500316 118415 20692 14131019 13310434 X -6257186 -4895708 23038850 26409248 16781664 21513540 30912683 34823974 X 1995581 1286315 1449980 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14990620 2573067 1515808 985000 18094495 17590238 197149 -1896767 900000 14990620 17065732 275669 1148837 900000 17590238 16175928 294866 1494938 900000 17065732 15076451 371424 1665950 937897 16175928 0.83000 0.17000 0 0 154270 154270 13567540 9195434 4372106 1060542 106595 953947 5480323 OPERATING LEASES LIABILITIES 20692 20692 X PART X, LINE 2: THE SEMINAR IS EXEMPT FROM U.S. INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE SEMINAR'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE SEMINAR EARNED UNRELATED BUSINESS INCOME FROM ITS AUSTRIA FACILITIES. THE SEMINAR IS ALSO SUBJECT TO CERTAIN TAXES IN AUSTRIA AND U.S. PERSONAL PROPERTY TAX. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE NONDISCRIMINATION POLICY IS PUBLISHED IN THE REGISTRATION MATERIAL IN BOTH PRINTED FORM AND ON THE ORGANIZATIONS WEBSITE. 1 EUROPE 1 PROGRAM SERVICES EDUCATIONAL CENTER 9644221 0 0 0 0 0 0 9644221 0 9644221 SCHOLARSHIP AFRICA 2 11129 TUITION WAIVER BOOK SCHOLARSHIP EAST ASIA AND THE PACIFIC 21 118448 TUITION WAIVER BOOK SCHOLARSHIP NORTH AMERICA 3 17971 TUITION WAIVER BOOK SCHOLARSHIP SOUTH AND CENTRAL ASIA 18 105997 TUITION WAIVER BOOK 0 0 0 0 0 0 PART I, LINE 2: APPROXIMATELY 50 FELLOWS FROM UP TO 30 COUNTRIES PARTICIPATE IN EACH SEMINAR. ADMISSION IS HIGHLY SELECTIVE AND THE FELLOWS ADMITTED MEET THREE CRITERIA: 1) THEY HAVE A BACKGROUND APPROPRIATE TO THE SESSION AND ARE REPRESENTATIVE OF IMPORTANT SECTORS; 2) THEY ARE PROFICIENT IN ENGLISH, COMMUNICATIVE, AND WILLING TO NETWORK; AND, 3) THEY HAVE A PERSONAL RECOMMENDATION BY A SENIOR PERSON IN THEIR FIELD. FELLOWS ARE RECRUITED THROUGH AN EXTENSIVE NETWORK OF ALUMNI, FACULTY REFERRALS, AND THE PUBLIC. THE FELLOWS ENGAGE IN AN INTENSE EDUCATIONAL AND CROSS CULTURAL EXPERIENCE WITH PEERS FROM AROUND THE WORLD. 1 SCHOLARSHIP 2 10740 BOOK TUITION WAIVER PART I, LINE 2: APPROXIMATELY 50 FELLOWS FROM UP TO 30 COUNTRIES PARTICIPATE IN EACH SEMINAR. ADMISSION IS HIGHLY SELECTIVE AND THE FELLOWS ADMITTED MEET THREE CRITERIA: 1) THEY HAVE A BACKGROUND APPROPRIATE TO THE SESSION AND ARE REPRESENTATIVE OF IMPORTANT SECTORS; 2) THEY ARE PROFICIENT IN ENGLISH, COMMUNICATIVE, AND WILLING TO NETWORK; AND, 3) THEY HAVE A PERSONAL RECOMMENDATION BY A SENIOR PERSON IN THEIR FIELD. FELLOWS ARE RECRUITED THROUGH AN EXTENSIVE NETWORK OF ALUMNI, FACULTY REFERRALS, AND THE PUBLIC. THE FELLOWS ENGAGE IN AN INTENSE EDUCATIONAL AND CROSS CULTURAL EXPERIENCE WITH PEERS FROM AROUND THE WORLD. X X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 MARTIN WEISS PRESIDENT & CEO 350847 0 14061 0 6311 0 46588 0 48391 0 466198 0 0 0 BEN GLAHN DEPUTY CEO AND MANAGING DI 187762 0 84901 0 3033 0 34600 0 52645 0 362941 0 0 0 DANIEL SZELEYNI MANAGING DIRECTOR SCHLOSS 134907 0 10816 0 2520 0 18605 0 36855 0 203703 0 0 0 THOMAS BIEBL MANAGING DIRECTOR PUBLIC A 117686 0 10816 0 2222 0 16406 0 34682 0 181812 0 0 0 PART I, LINE 4A THE PRESIDENCY OF THE ORGANIZATION CHANGED HANDS IN 2022. THERE IS A PROVISION IN THE FORMER CEO'S AGREEMENT THAT DEFERRED BENEFIT AND COMPENSATION WILL BE PAID OUT FROM 2023-2025 GRANT CAMBRIDGE PARTNER OF CAPITAL GROUP 5072018 INVESTMENT IN MUTUAL FUNDS 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED & AUTHORIZED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. THE FORM 990 IS THEN PROVIDED TO THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES ARE UNDER A CONTINUING OBLIGATION TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST AS SOON AS IT IS KNOWN OR REASONABLY KNOWN. THEY MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AND UPDATE IT ANNUALLY. BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALZBURG GLOBAL SEMINAR'S COMPENSATION POLICIES ARE APPROVED BY THE SEMINAR'S BOARD OF DIRECTORS WITH THE ASSISTANCE OF THE BOARD COMPENSATION COMMITTEE AS THE POLICIES RELATE TO THE CHIEF EXECUTIVE AND OTHER EXECUTIVE OFFICERS. THE COMPENSATION COMMITTEE'S RESPONSIBILITIES INCLUDE: - REVIEW AND APPROVAL OF SALZBURG GLOBAL SEMINAR'S COMPENSATION STRATEGY TO ENSURE CONSISTENCY WITH ITS MISSION AND VALUES AND APPLICABLE LEGAL AND REGULATORY REQUIREMENTS - ESTABLISH THE CHIEF EXECUTIVE'S COMPENSATION LEVEL AND REPORT ON THE CHIEF EXECUTIVE'S COMPENSATION TO THE BOARD OF DIRECTORS ANNUALLY - RECEIVE AND REVIEW A REPORT ANNUALLY FROM THE CHIEF EXECUTIVE REGARDING THE COMPENSATION OF SENIOR STAFF - REPORT REGULARLY TO THE BOARD ON COMMITTEE ACTIVITIES. THE FULL BOARD WILL APPROVE ANNUAL COMPENSATION INCREASES RECOMMENDED BY THE CHIEF EXECUTIVE FOR NON EXECUTIVE STAFF DURING THE ANNUAL BUDGET PROCESS. COMPENSATION PHILOSOPHY: SALZBURG GLOBAL SEMINAR'S ACTIVITIES ARE GUIDED BY A MISSION STATEMENT AND STRATEGIC PLAN. THE ALLOCATION OF THE ORGANIZATION'S RESOURCES AND ITS COMPENSATION PLANS ARE DESIGNED TO HELP ACHIEVE PROGRESS IN MEETING THE SEMINAR'S MISSION. THE BOARD RECOGNIZES THAT ACHIEVING THE SEMINAR'S MISSION REQUIRES ATTRACTING, RETAINING AND REWARDING SKILLED EXECUTIVES AND PERSONNEL WITHIN APPROPRIATE GUIDELINES ESTABLISHED BY THE IRS AND GOOD NONPROFIT GOVERNANCE PRACTICES. STANDARD FOR MEETING IRS GUIDELINES: - TOTAL COMPENSATION FOR SALZBURG GLOBAL SEMINAR'S SENIOR EXECUTIVES MUST MEET THE STANDARDS OF THE IRS INTERMEDIATE SANCTIONS REGULATIONS - THE IRS INTERMEDIATE SANCTIONS REGULATIONS APPLY TO "DISQUALIFIED PERSONS" AT 501(C)(3) PUBLIC CHARITIES. THE SEMINAR IS A 501(C)(3) ORGANIZATION. A DISQUALIFIED PERSON IS SOMEONE WHO IS IN A POSITION TO EXERCISE SUBSTANTIAL INFLUENCE WITH RESPECT TO THE ORGANIZATION'S AFFAIRS. DISQUALIFIED PERSONS FOR SALZBURG GLOBAL SEMINAR INCLUDE THE PRESIDENT AS WELL AS OTHER KEY EMPLOYEES. - COMPENSATION, FOR PURPOSES OF INTERMEDIATE SANCTIONS, INCLUDES ALL REMUNERATION (BASE PAY, INCENTIVES AND BONUSES, DEFERRED COMPENSATION, AND APPROPRIATE COMPARISON FOR INTERMEDIATE SANCTIONS PURPOSES). INCENTIVES AND BONUSES ARE PERMISSIBLE UNDER INTERMEDIATE SANCTIONS, AS LONG AS THE TOTAL AMOUNT OF COMPENSATION IS REASONABLE. SALZBURG GLOBAL SEMINAR PROCESS: - EACH NOVEMBER THE FULL BOARD APPROVES ANNUAL GOALS FOR THE COMING YEAR AND THE PROPOSED ANNUAL INCREASE. THESE GOALS BECOME THE BASIS FOR ESTABLISHING PERFORMANCE GOALS FOR DEPARTMENTS AND INDIVIDUALS. - PRIOR TO THIS MEETING THE COMPENSATION COMMITTEE MEETS TO ESTABLISH OVERALL COMPENSATION PHILOSOPHY FOR THE PRESIDENT AND OTHER EXECUTIVES FOR THE COMING YEAR - THE COMMITTEE HAS SET A GOAL THAT EMPLOYEES' TOTAL COMPENSATION BE AT THE MARKET MEDIAN - TO MEET THE "REASONABLE STANDARD" OF THE IRS, SALZBURG GLOBAL SEMINAR HIRES AN INDEPENDENT OUTSIDE CONSULTANT TO HELP DETERMINE AS THE IRS STATES "THE VALUE THAT WOULD ORDINARILY BE PAID FOR LIKE SERVICES BY LIKE ENTERPRISES UNDER LIKE CIRCUMSTANCES". WORKING WITH THE COMPENSATION COMMITTEE, THE CONSULTANT HAS IDENTIFIED A GROUP OF ORGANIZATIONS AND COMPENSATION SURVEYS MOST COMPARABLE TO THE SEMINAR AND USES THIS DATA TO REVIEW THE PRESIDENT AND OTHER EXECUTIVE COMPENSATION. - THE COMPENSATION COMMITTEE REVIEWS THE CONSULTANT'S REPORT AND MAKES RECOMMENDATIONS WHICH ARE REVIEWED AND VOTED ON BY THE FULL BOARD. THE FULL BOARD APPROVES THE COMPENSATION FOR THE PRESIDENT. THE PRESIDENT IS ALLOWED TO APPROVE COMPENSATION FOR SENIOR EXECUTIVES AFTER REVIEW BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 SALZBURG GLOBAL SEMINAR'S GOVERNING DOCUMENTS AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE ON ITS WEBSITE WWW.SALZBURGGLOBAL.ORG. THE FORM 990 IS AVAILABLE THROUGH WWW.GUIDESTAR.ORG. ALL DOCUMENTS ARE PROVIDED UPON REQUEST FROM THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 696,307. MANAGEMENT AND GENERAL EXPENSES 407,102. FUNDRAISING EXPENSES 3,130. TOTAL EXPENSES 1,106,539. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS 1,449,980.