2025-05-14T12:52:47-05:00 2024-06-30 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-07-01 520239291 TAX EXECUTIVES INSTITUTE INC TAXE 2026385601 1200 G ST NW 300 WASHINGTON DC 20005 ALICIA P MATA EXECUTIVE DIRECTOR 2026385601 2025-05-14 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2025-03-06 01:10:19Z ALICIA P MATA 1200 G ST NW 300 WASHINGTON DC 20005 15793196 0 X TEI.ORG X 1944 NY TO ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS. 76 76 22 339 312325 54983 0 0 9098941 11297208 328420 322257 494400 717209 9921761 12336674 143478 126437 0 0 3173981 3704163 0 0 0 6484004 7321258 9801463 11151858 120298 1184816 15311356 16394361 6193397 5973008 9117959 10421353 X THE MISSION OF TAX EXECUTIVES INSTITUTE IS TO ENHANCE AND IMPROVE THE GLOBAL TAX SYSTEM AND TO SERVE ITS MEMBERS THEIR EMPLOYERS AND SOCIETY GENERALLY BY FACILITATING INTERACTION AMONG AND THE TRAINING OF MEMBERS AND THEIR STAFFS BY EFFECTIVELY ADVOCATING ITS MEMBERS VIEWS AND BY PROMOTING COMPETENCE AND PROFESSIONALISM IN BOTH THE PRIVATE AND GOVERNMENT SECTORS. 0 0 CONTINUING EDUCATION: TAX EXECUTIVES INSTITUTE (TEI OR THE INSTITUTE) OPERATES NUMEROUS EDUCATION PROGRAMS THROUGHOUT THE YEAR; THESE PROGRAMS ARE AVAILABLE AT THE INSTITUTE, REGION, AND CHAPTER LEVEL, AND SATISFY STATE OR COUNTRY REQUIREMENTS FOR CONTINUING PROFESSIONAL EDUCATION. TEI ALSO PROVIDES EDUCATIONAL RESOURCES SUCH AS FORUMS FOR THE EXCHANGE OF INFORMATION ON AUDIT DEVELOPMENTS, AND OTHER ISSUES AFFECTING THE CORPORATE TAX COMMUNITY. ALSO AVAILABLE TO MEMBERS IS SOPHISCATED BUT USER-FRIENDLY ELECTRONIC COMMUNICATIONS SYSTEM, FEATURING SPECIALIZED AND PRIVATE ONLINE BOARDS. COMMITTEE AND LIASON: TEI PROVIDES EXCELLENT ANALYSES OF PROPOSED TAX LEGISLATION, REGULATIONS, AND OTHER ADMINISTRATIVE PRONOUNCEMENTS. TEI ALSO WORKS WITH LEGISLATIVE AND REGULATORY BODIES BY PROVIDING COMMENTARY ON POLICY AND THE ADMINISTRATIVE ASPECTS OF LEGISLATIVE AND REGULATORY PROPOSALS. TEI'S LEGISLATIVE AND ADVOCACY FUNCTIONS ARE CARRIED ON LARGELY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS. TEI FILES AMICUS BRIEFS IN SUPPORT OF TEI MEMBERS' INTERESTS IN TAXES BEING IMPOSED FAIRLY AND EQUITABLY AND IN TERMS OF THE US CONSTITUTION. MEMBERSHIP SERVICES AND DEVELOPMENT - TAX EXECUTIVES INSTITUTE IS THE PREEMINENT ASSOCIATION OF IN-HOUSE TAX PROFESSIONALS WORLDWIDE. OUR APPROXIMATELY 6,085 MEMBERS REPRESENT MORE THAN 2,950 OF THE LEADING CORPORATIONS IN NORTH AND SOUTH AMERICA, EUROPE, AND ASIA. THROUGH TEI AND ITS 56 CHAPTERS WORLDWIDE, TAX EXECUTIVES HAVE ACCESS TO THE FINEST, MOST COST-EFFECTIVE TAX TRAINING AVAILABLE; THE CAMARADERIE OF THEIR FELLOW TAX PROFESSIONALS-WHO WILLINGLY SHARE THEIR INSIGHTS, IDEAS, AND EXPERIENCES; AND THE ABILITY TO WORK COLLECTIVELY TO IMPROVE TAX POLICY AND ADMINISTRATION. TEI MEMBERS RECEIVE A BI-MONTHLY JOURNAL, TAX EXECUTIVE. THEY ALSO HAVE ACCESS TO TEI'S WEBSITE AT WWW.TEI.ORG, FOR NETWORKING AND EDUCATION OPPORTUNITIES. TEI MEMBERS MAY ENHANCE THEIR PERSONAL LEADERSHIP, COMMUNICATION, AND MENTORING SKILLS BY VOLUNTEERING LOCALLY OR AT THE INSTITUTE LEVEL. TEI ALSO PROVIDES MEMBERS THE OPPORTUNITY TO PARTICIPATE IN SURVEYS AND TO DEVELOP BENCHMARKING TOOLS FOR TAX EXECUTIVES. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 25 0 1 22 1 1 1 1 CA NL 0 0 1 1 0 0 0 X 76 76 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X TRACY GIBBS 2026385601 1200 G ST NW 300 WASHINGTON DC 20005 SANDHYA EDUPUGANTY PRESIDENT 1.00 1.00 X X 0 0 0 JOSEPHINE SCALIA SENIOR VICE PRESIDENT 1.00 1.00 X X 0 0 0 WALTER DOGGETT III TREASURER 1.00 1.00 X X 0 0 0 MARCUS SHORE SECRETARY 1.00 1.00 X X 0 0 0 MARK CALUORI VICE PRESIDENT-REGION 1 1.00 X 0 0 0 BRIAN POWER VICE PRESIDENT-REGION 2 1.00 X 0 0 0 KAREN MILLER VICE PRESIDENT-REGION 3 1.00 X 0 0 0 BRIAN KAUFMAN VICE PRESIDENT-REGION 4 1.00 X 0 0 0 SCOTT TINCHER VICE PRESIDENT-REGION 5 1.00 X 0 0 0 LAWRENCE POCIASK VICE PRESIDENT-REGION 6 1.00 1.00 X 0 0 0 JANET RUDNICKI VICE PRESIDENT-REGION 7 1.00 X 0 0 0 BRADLEY PEES VICE PRESIDENT-REGION 8 1.00 X 0 0 0 ELLEN MCMILLAN VICE PRESIDENT-REGION 9 1.00 X 0 0 0 KEVIN MANES VICE PRESIDENT-REGION 10 1.00 X 0 0 0 NICK HASENOEHRL VICE PRESIDENT-REGION 11 1.00 X 0 0 0 TERILEA WIELENGA PAST INTERNATIONAL PRESIDENT 1.00 X 0 0 0 ROBERT HOWREN PAST INTERNATIONAL PRESIDENT 1.00 X 0 0 0 WAYNE MONFRIES PAST INTERNATIONAL PRESIDENT 1.00 X 0 0 0 JAMES SILVESTRI PAST INTERNATIONAL PRESIDENT 1.00 X 0 0 0 KATRINA WELCH PAST INTERNATIONAL PRESIDENT 1.00 X 0 0 0 WAYNE WALLACE ALASKA CHAPTER REP 1.00 X 0 0 0 KEELY HITT ARIZONA CHAPTER REP 1.00 X 0 0 0 KIMBERLI WARREN ATLANTA CHAPTER REP 1.00 X 0 0 0 EUGENE GAY ASIA CHAPTER REP 1.00 X 0 0 0 MICHELLE KALB BALTIMORE-WASHINGTON CHAPTER REP 1.00 X 0 0 0 JAMES RIZZO BUFFALO-NIAGARA CHAPTER REP 1.00 X 0 0 0 TANYA YEAST CALGARY CHAPTER REP 1.00 X 0 0 0 SEAN WELSH CAROLINAS CHAPTER REP 1.00 X 0 0 0 KRISTINE ROGERS CENTRAL TEXAS CHAPTER REP 1.00 X 0 0 0 SARAH WINTERS CHICAGO CHAPTER REP 1.00 X 0 0 0 BRYAN TRAPP CINCINNATI-COLUMBUS CHAPTER REP 1.00 X 0 0 0 TONI MITCHELL CLEVELAND CHAPTER REP 1.00 X 0 0 0 JENNIFER JUNG CONNECTICUT VALLEY CHAPTER REP 1.00 X 0 0 0 SUSAN BAUER DALLAS CHAPTER REP 1.00 X 0 0 0 JAY ROBERTS DENVER CHAPTER REP 1.00 X 0 0 0 CHRIS TRESSLER DETROIT CHAPTER REP 1.00 X 0 0 0 LORRY LIMBOURG EMEA CHAPTER REP 1.00 X 0 0 0 MARK LINIADO FORT WORTH CHAPTER REP 1.00 X 0 0 0 WAYNE HAMILTON GULF STATES CHAPTER REP 1.00 1.00 X 0 0 0 GLENN SHIGETOMI HAWAII CHAPTER REP 1.00 X 0 0 0 PAUL BROMAN HOUSTON CHAPTER REP 1.00 X 0 0 0 KARLA ORR INDIANA CHAPTER REP 1.00 X 0 0 0 RICHARD PULLEN IOWA CHAPTER REP 1.00 X 0 0 0 DIANE HARTLEY KANSAS CITY CHAPTER REP 1.00 X 0 0 0 LAUREN GROSHEART KENTUCKY CHAPTER REP 1.00 X 0 0 0 LIONEL NOBRE LATIN AMERICA CHAPTER REP 1.00 1.00 X 0 0 0 LINDA KIM LOS ANGELES CHAPTER REP 1.00 X 0 0 0 KENNETH SCHAFER MINNESOTA CHAPTER REP 1.00 X 0 0 0 NANCY SAUVE MONTREAL CHAPTER REP 1.00 X 0 0 0 VANESSA SHARER NASHVILLE CHAPTER REP 1.00 X 0 0 0 ADAM FRITZ NEBRASKA CHAPTER REP 1.00 X 0 0 0 CASSIDY CRAWFORD NEVADA CHAPTER REP 1.00 X 0 0 0 ERICA MURRAY NEW ENGLAND CHAPTER REP 1.00 X 0 0 0 RAYMOND SALORT NEW JERSEY CHAPTER REP 1.00 X 0 0 0 PAUL HELLER NEW YORK CHAPTER REP 1.00 X 0 0 0 DARRELEE KINAS NORTH EAST WISCONSIN CHAPTER REP 1.00 X 0 0 0 JAIMIE HIGHTOWER OKLAHOMA CITY CHAPTER 1.00 X 0 0 0 JAY LEIBOWITZ ORANGE COUNTY CHAPTER REP 1.00 X 0 0 0 JIBU VERGIS PHILADELPHIA CHAPTER REP 1.00 X 0 0 0 SHEILA CURRY PITTSBURGH CHAPTER REP 1.00 X 0 0 0 SUZANNE WILLSON PORTLAND CHAPTER REP 1.00 X 0 0 0 GARY STEINBERG ROCHESTER CHAPTER REP 1.00 X 0 0 0 TYLER LOVELAND SALT LAKE CITY CHAPTER REP 1.00 X 0 0 0 SON LE SAN DIEGO CHAPTER REP 1.00 X 0 0 0 STEPHEN DUNPHY SAN FRANCISCO CHAPTER REP 1.00 1.00 X 0 0 0 JONNELL QUARRIE SEATTLE CHAPTER REP 1.00 1.00 X 0 0 0 DANIEL SMITH SILICON VALLEY CHAPTER REP 1.00 1.00 X 0 0 0 BRUCE WELIKSON ST. LOUIS CHAPTER REP 1.00 X 0 0 0 FRANK MARTINICCHIO TORONTO CHAPTER REP 1.00 X 0 0 0 ERNEST GATES TULSA CHAPTER REP 1.00 X 0 0 0 BETTY MAK VANCOUVER CHAPTER REP 1.00 1.00 X 0 0 0 VERNON TURNER VIRGINIA CHAPTER REP 1.00 X 0 0 0 PETER DE NICOLA WESTCHESTER-FAIRFIELD CHAPTER REP 1.00 X 0 0 0 JASON GRIFFEN WESTERN MICHIGAN CHAPTER REP 1.00 X 0 0 0 TODD CARLSON WISCONSIN CHAPTER REP 1.00 X 0 0 0 ALICIA P MATA EXECUTIVE DIRECTOR 40.00 1.00 X 519549 0 22518 WILLIAM P EVANS CHIEF TAX COUNSEL 40.00 X 276416 0 41931 BENJAMIN SHRECK TAX COUNSEL 40.00 X 257001 0 32652 TODD LARD TAX COUNSEL 40.00 X 253649 0 15958 KELLY MADIGAN TAX COUNSEL 40.00 X 233864 0 13468 MARTIN SCHUEBEL DIR, MARKETING, EVENTS & COMM 40.00 X 217622 0 32881 LYNN SPENCE DIR, IT & WEB SERVICES 40.00 X 165564 0 0 1923665 0 159408 8 0 1 0 NY MARRIOTT MARQUIS 1535 BROADWAY NEW YORK NY 10036 EVENT FACILITY SERVICES 535889 GEORGIA TECH HOTEL AND CONF CTR 800 SPRING ST NW ATLANTA GA 30308 EVENT FACILITY SERVICES 371050 COHNREZNICK LLP 500 E PRATT ST 4TH FLOOR BALTIMORE MD 21202 ACCOUNTING SERVICES 246621 THE YGS GROUP 3650 W MARKET ST YORK PA 17404 PUBLICATIONS 140102 4 SPONSORSHIPS 900099 3950850 3950850 CHAPTERS AND REGIONS 900099 3246532 3246532 CONTINUING EDUCATION 900099 2188051 2188051 MEMBERSHIP DUES 900099 1589901 1589901 PUBLICATIONS 900099 321874 9549 312325 11297208 349927 349927 451600 451600 26233 0 26233 26233 26233 3428852 3456522 -27670 -27670 -27670 OFFICE LEASE MODIFICATION 900099 232991 232991 OTHER INCOME 900099 6385 6385 239376 12336674 10984883 312325 1039466 119805 6632 945938 1512717 318039 175338 752131 34561 261106 4359 29301 153771 91078 150187 451510 378882 76075 2303667 91039 53512 UBI TAXES 9064 CHAPTERS & REGIONS DISB 2698885 PUBLICATIONS 164571 CHAPTER REBATES 138060 231630 11151858 3792770 4630467 3014115 5349081 481919 125128 297743 279486 2003692 1501359 269366 502333 5371082 3526388 2084361 1981478 15311356 16394361 678071 842693 2556302 2465359 2959024 2664956 6193397 5973008 X 9117959 10421353 9117959 10421353 15311356 16394361 1184816 191479 -72901 0 X 0 1 X 1 0 0 0 0 1589901 11489 11489 11489 933205 585399 347806 895293 740766 154527 175194 175194 0 502333 RIGHT-OF-USE ASSETS 1981478 1981478 OPERATING LEASE LIABILITY 2659256 DEPOSITS 5700 2664956 9252320 191479 191479 9060841 29301 3246532 3275833 12336674 8304735 0 8304735 29301 2817822 2847123 11151858 PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME EARNED BY CHAPTERS AND REGIONS PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCURRED BY CHAPTERS AND REGIONS 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 6632 NORTH AMERICA 0 0 PROGRAM SERVICES DISBURSEMENTS FOR MEETING, DINNER, CONFERENCE EXP. 314448 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES DISBURSEMENTS FOR MEETING, DINNER, CONFERENCE EXP. 684 0 0 0 0 0 0 321764 0 321764 0 0 0 0 0 0 PART I, LINE 2: CHAPTERS MAY ESTABLISH A SCHOLARSHIP PROGRAM TO AWARD ANNUAL SCHOLARSHIP GRANTS. THE ELIGIBILITY CRITERIA MUST BE IN WRITING; AND THE GUIDELINES AND PROCEDURES MUST BE APPROVED IN ADVANCE BY THE INSTITUTE SECRETARY. THE SCHOLARSHIP SELECTION, ADMINISTRATION, AND AWARD PROCESSES MUST RESIDE WITH A DESIGNATED EDUCATIONAL INSTITUTION, NOT WITH THE CHAPTER. MEMBERS OF TAX EXECUTIVES INSTITUTE, INC. AND THEIR IMMEDIATE FAMILIES ARE INELIGIBLE TO RECEIVE CHAPTER SCHOLARSHIPS. THE GRANT OF THE SCHOLARSHIP SHALL NOT BE CONDITIONED UPON THE RENDERING OF FUTURE EMPLOYMENT SERVICES BY THE RECIPIENT. CANDIDATES MUST ATTEND A FULLY ACCREDITED COLLEGE OR UNIVERSITY IN AN UNDERGRADUATE OR GRADUATE CAPACITY AND MUST PURSUE A CURRICULUM WHICH EMPHASIZES STUDIES THAT COULD LEAD TO A CAREER IN TAXATION. PAYMENT OF SCHOLARSHIP AWARDS IS TO THE COLLEGE OR UNIVERSITY, NOT TO THE INDIVIDUAL RECIPIENT(S). X X 1 1 X X 0 0 0 ALICIA P MATA EXECUTIVE DIRECTOR 437049 0 82500 0 0 0 20042 0 2476 0 542067 0 0 0 WILLIAM P EVANS CHIEF TAX COUNSEL 268916 0 7500 0 0 0 17406 0 24525 0 318347 0 0 0 BENJAMIN SHRECK TAX COUNSEL 249501 0 7500 0 0 0 16129 0 16523 0 289653 0 0 0 TODD LARD TAX COUNSEL 246149 0 7500 0 0 0 15225 0 733 0 269607 0 0 0 MARTIN SCHUEBEL DIR, MARKETING, EVENTS & COMM 210122 0 7500 0 0 0 13070 0 19811 0 250503 0 0 0 KELLY MADIGAN TAX COUNSEL 228864 0 5000 0 0 0 7276 0 6192 0 247332 0 0 0 LYNN SPENCE DIR, IT & WEB SERVICES 158064 0 7500 0 0 0 0 0 0 0 165564 0 0 0 PART I, LINE 1A THE EXPENSES OF THE SPOUSES OF THE INSTITUTE PRESIDENT, EXECUTIVE DIRECTOR, AND CHIEF TAX COUNSEL ARE REIMBURSED IN RESPECT OF THEIR ATTENDANCE AT CERTAIN BONA FIDE BUSINESS MEETINGS INVOLVING A SIGNIFICANT NUMBER OF SPOUSES AND FORMAL COMPANION PROGRAMS. THESE AMOUNTS ARE NOT INCLUDED IN TAXABLE COMPENSATION. THE EXECUTIVE DIRECTOR AND INTERNATIONAL PRESIDENT OCCASIONALLY TRAVEL VIA FIRST CLASS. AMOUNTS RELATED TO THIS ARE NOT INCLUDED IN TAXABLE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS OPEN TO PERSONS NOT ENGAGED IN PUBLIC TAX PRACTICE WHO ARE EMPLOYED BY CORPORATIONS AND OTHER BUSINESSES IN AN EXECUTIVE, ADMINISTRATIVE, OR MANAGERIAL CAPACITY AND WHO MEET THE FOLLOWING QUALIFICATIONS: (1) IN AN ORGANIZATION HAVING AN INTEGRATED SEPARATE TAX DEPARTMENT, THE HEAD OF THAT DEPARTMENT AND ANY OTHER PERSONS THE DEPARTMENT HEAD DESIGNATES, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (2) IN AN ORGANIZATION HAVING A NONINTEGRATED TAX DEPARTMENT WHERE THE TAX FUNCTION MAY BE DIVIDED BETWEEN THE LEGAL, ACCOUNTING, OR OTHER DEPARTMENTS, THOSE PERSONS WHO DEVOTE THEIR PRINCIPAL TIME TO THE TAX FUNCTIONS OR WHOSE PRINCIPAL RESPONSIBILITIES ARE THE HANDLING OF THE TAX FUNCTIONS IN THEIR RESPECTIVE DEPARTMENTS AT AN EXECUTIVE, ADMINISTRATIVE OR MANAGEMENT LEVEL, AND ANY OTHERS WHOM SUCH PERSONS DESIGNATE, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (3) IN AN ORGANIZATION HAVING NEITHER AN INTEGRATED, SEPARATE TAX DEPARTMENT NOR ANY PERSON ON AN EXECUTIVE OR MANAGEMENT LEVEL WHOSE FULL TIME IS DEVOTED TO THE TAX FUNCTION, THOSE PERSONS CHARGED WITH THE RESPONSIBILITY OF ADMINISTERING THE TAX AFFAIRS OF THE ORGANIZATION ON AN EXECUTIVE OR MANAGEMENT LEVEL. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE II, SECTION 4 OF THE INSTITUTE'S BY-LAWS PROVIDES THAT EACH OF THE TEI CHAPTERS "HAVE THE RIGHT, ONCE EVERY TWO YEARS, TO ELECT A DIRECTOR (CHAPTER REPRESENTATIVE) TO A TWO-YEAR TERM [ON THE INSTITUTE BOARD OF DIRECTORS]. THE TERMS OF OFFICE WITH RESPECT TO DIRECTORS FROM THE CHAPTERS ARE STAGGERED SO THAT THE NUMBER OF DIRECTORS ELECTED FROM THE CHAPTERS EACH YEAR ARE ONE-HALF OF THE NUMBER OF CHAPTERS OF THE INSTITUTE." IN RESPECT OF THE FOUR SENIOR OFFICERS AND ELEVEN REGIONAL VICE PRESIDENTS, ARTICLE V, SECTION 2 OF THE BY-LAWS PROVIDES THAT EACH YEAR, THE INSTITUTE'S NOMINATING COMMITTEE "MAKES NOMINATIONS FOR OFFICERS, EXCEPT THAT THE SENIOR VICE PRESIDENT AUTOMATICALLY SUCCEEDS TO THE OFFICE OF PRESIDENT AT THE NEXT ANNUAL MEETING OF MEMBERS BY OPERATION OF THESE BY-LAWS." UNDER SECTIONS 3 AND 5 OF THAT ARTICLE, IF NO OTHER NOMINATIONS ARE MADE BY 25 OR MORE MEMBERS WITHIN THE PRESCRIBED TIME PERIOD, THE OFFICERS ARE DEEMED ELECTED BY OPERATION OF THE BY-LAWS. IF THERE ARE OTHER NOMINATIONS, THE NAMES ARE PLACED ON THE BALLOT FOR SELECTION BY THE MEMBERSHIP. IN RESPECT OF PAST PRESIDENTS, ARTICLE II, SECTION 5, PROVIDES "PAST PRESIDENTS OF THE INSTITUTE WHO COMPLETE THEIR SERVICE AS PRESIDENT ON OR BEFORE THE 2018 ANNUAL MEETING OF THE MEMBERS, ARE BE NOMINATED TO SERVE ON THE BOARD EACH YEAR AS LONG AS THEY CONTINUE THEIR FULL MEMBERSHIP AND CONSENT TO SERVE AS DIRECTORS. PAST PRESIDENTS OF THE INSTITUTE WHO COMPLETE THEIR SERVICE AS PRESIDENT AFTER THE 2018 ANNUAL MEETING OF THE MEMBERS, ARE NOMINATED TO SERVE ON THE BOARD FOR UP TO SIX CONSECUTIVE ONE-YEAR TERMS FOLLOWING THEIR SERVICE AS PRESIDENT AS LONG AS THEY CONTINUE THEIR FULL MEMBERSHIP AND CONSENT TO SERVE. NOTHING IN THIS SECTION LIMITS THE ELIGIBILITY OF A PAST PRESIDENT TO SERVE ON THE BOARD AS A CHAPTER REPRESENTATIVE OR AN OFFICER." FORM 990, PART VI, SECTION A, LINE 7B ARTICLE X OF THE INSTITUTE'S BY-LAWS PROVIDES THAT AMENDMENTS TO THE BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP. IN ADDITION, UNDER NEW YORK LAW, DIRECTORS ELECTED BY THE MEMBERSHIP (OR BY A CLASS OF MEMBERS) MAY ONLY BE REMOVED BY VOTE OF THOSE MEMBERS OR CLASS OF MEMBERS. NEW YORK LAW ALSO REQUIRES THE MEMBERSHIP TO APPROVE MERGERS OR CONSOLIDATIONS AND DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND ONE OF THE INSTITUTE'S FOUR SENIOR OFFICERS REVIEWS THE RETURN AFTER MANAGEMENT HAS APPROVED IT. THE RETURN WAS THEN PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD IS ASKED TO SIGN THE CONFLICT OF INTEREST FORMS EACH YEAR AND TEI FOLLOWS UP SEVERAL TIMES TO ENSURE THAT THE FORMS ARE RECEIVED. TEI EMPLOYEES ARE ALSO REQUIRED TO DISCLOSE ANNUALLY INTERESTS THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL OF THESE ELEMENTS: - REVIEW AND APPROVAL BY THE INSTITUTE'S EXECUTIVE COMMITTEE; - USE OF DATA AS TO COMPARABLE COMPENSATION; AND - CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING 1. DEVELOPMENT OF RECOMMENDATIONS - THE EXECUTIVE DIRECTOR DEVELOPS RECOMMENDATIONS WITH RESPECT TO ALL MEMBERS OF THE STAFF OTHER THAN HIMSELF OR HERSELF, AND FORWARDS THEM TO THE INSTITUTE'S CURRENT AND INCOMING PRESIDENTS FOR REVIEW AND DISCUSSION. THOSE RECOMMENDATIONS ARE THEN REFERRED TO THE INSTITUTE'S EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE CURRENT AND INCOMING PRESIDENTS DEVELOP A RECOMMENDATION WITH RESPECT TO THE EXECUTIVE DIRECTOR. 2. REVIEW AND APPROVAL - THE RECOMMENDATIONS REFERRED TO IN ITEM 1 ARE REVIEWED, ADJUSTED, AND APPROVED BY THE EXECUTIVE COMMITTEE, WITH THE EXECUTIVE DIRECTOR NOT BEING INVOLVED IN A DISCUSSION OF HIS OR HER OWN COMPENSATION; THE RECOMMENDATION IN RESPECT OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. HENCE, PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 3. USE OF DATA AS TO COMPARABLE COMPENSATION - THE COMPENSATION OF ALL STAFF MEMBERS ARE REVIEWED AND APPROVED USING DATA ON COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. AMONG THE SOURCES OF SUCH COMPARABLE INFORMATION IS THE ASAE'S ASSOCIATION COMPENSATION AND BENEFITS SURVEY. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING - THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. THE LAST TOP MANAGEMENT OFFICIAL COMPENSATION REVIEW TOOK PLACE IN AUGUST 2024. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. TEI EDUCATION FUND 1200 G STREET SUITE 300 WASHINGTON DC 20005 541402262 CONTINUING EDUCATION/FURTHER TEI'S EDUCATIONAL OBJECTIVES VA 501(C)(3) LINE 2 TAX EXECUTIVES INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 TEI EDUCATION FUND Q 331 RECEIPT TEI EDUCATION FUND R 8149 MANAGEMENT FEES TEI EDUCATION FUND R 800000 TEIF FUNDS USED/TEI ACCOUNT HOLD TEI EDUCATION FUND S 67854 RETURN OF UNUSED TEI FUNDS