2022-11-14T09:25:06-06:00 2021-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2021-01-01 942478143 THE ESOP ASSOCIATION ESOP 2022932971 200 MASSACHUSETTS AVENUE NW 410 WASHINGTON DC 20001 JAMES J BONHAM PRESIDENT AND CEO 2022932971 2022-11-14 1 JAMES BONHAM 999009999 AARON M FOX P01365820 2022274000 0 AAL1 IAL1 2021 2022-09-23 18:48:47Z JAMES J BONHAM 200 MASSACHUSETTS AVENUE NW 410 WASHINGTON DC 20001 7067978 0 X WWW.ESOPASSOCIATION.ORG X 1978 CA TO REPRESENT THE INTEREST OF ALL CORPORATIONS THAT SPONSOR EMPLOYEE STOCK OWNERSHIP PLANS. 11 11 18 150 59210 53283 0 525160 4143913 5698610 29289 193325 594994 418316 4768196 6835411 0 0 0 0 2348787 2766539 0 0 0 2136976 3999668 4485763 6766207 282433 69204 3309253 3829140 2336315 2808325 972938 1020815 X THE ESOP ASSOCIATION REPRESENTS THE INTERESTS OF ALL CORPORATIONS THAT SPONSOR EMPLOYEE STOCK OWNERSHIP PLANS, OR ESOPS. THE ESOP ASSOCIATION PROVIDES ADVOCACY AND EDUCATIONAL SERVICES ON BEHALF OF ITS MEMBERS. CORPORATE MEMBERSHIP IN THE ESOP ASSOCIATION IS OPEN TO ALL ESOP COMPANIES; MEMBERS ARE CLOSELY HELD BUSINESSES, AND INCLUDE BOTH C AND S CORPORATIONS, ACROSS ALL INDUSTRIES. 0 0 CONFERENCES, WEBINARS, AND ROUNDTABLES: APPROXIMATELY 6300 PERSONS, MOSTLY EMPLOYEES OF ASSOCIATION MEMBERS, ATTENDED TWO NATIONAL CONFERENCES, OVER 65 LOCAL, STATE, AND REGIOINAL ROUNDTABLES, SEMINARS, AND CONFERENCES IN 2021. THESE GATHERINGS FOCUSED PRIMARILY ON MANAGEMENT AND LEADERSHIP LEARNING TO IMPROVE CORPORATE MEMBERS' OWNERSHIP CULTURE THAT RESEARCH AND DATA INDICATES LEADS TO MORE PRODUCTIVE AND PROFITABLE EMPLOYEE OWNED COMPANIES. SECONDARILY, THE EDUCATION FOCUSED ON THE MANY LAWS AND REGULATIONS, JUDICIAL RULINGS THAT MUST BE COMPLIED WITH BY CORPORATIONS SPONSORING AN EMPLOYEE STOCK OWNERSHIP PLAN, IN ADDITION TO TIMELY INFORMATION REGARDING COVID PANDEMIC PROGRAMS INCLUDING THE PAYCHECK PROTECTION PROGRAM. MEMBERSHIP: APPROXIMATELY 3,000 MEMBERS ARE PROVIDED INFORMATION ABOUT DEVELOPMENTS WITH REGARD TO FEDERAL GOVERNMENT LEGISLATIVE, REGULATORY, AND JUDICIAL ACTIVITIES DIRECTLY IMPACTING THE OPERATION AND CREATION OF ESOPS BY U.S. CORPORATIONS, VIA WRITTEN MATERIALS, SOCIAL MEDIA, AND WEBSITE POSTINGS. THE ASSOCIATION STAFF PROVIDES PRESENTATIONS TO THE MANY CONFERENCES AND MEETINGS NOTED IN 4A ABOVE. THE ASSOCIATION SELLS WRITTEN MATERIALS, AND ELECTRONIC MATERIALS ON THE OPERATION OF ESOPS IN A MANNER THAT IMPROVES CORPORATE PERFORMANCE, AND COMPLIES WITH LAW AND REGULATIONS. A MEMBERSHIP DIRECTORY IS PROVIDED THAT INCLUDES PROFESSIONALS WHO PROVIDE UNIQUE SERVICES TO CORPORATIONS SPONSORING ESOPS, A LISTING OF CORPORATE MEMBERS, BY STATE, AND BY LINE OF BUSINESS. GOVERNMENT RELATIONS: IN ACCORD WITH ITS (C)(6) STATUS, THE ASSOCIATION PROVIDES REPRESENTATION SERVICES TO ITS MEMBERS, OR LOBBYING SERVICES, BY INTERACTING WITH ITS MEMBERS TO EXPRESS THEIR POSITIONS ON LEGISLATION AND REGULATIONS THAT IMPACT, OR MAY IMPACT ESOP OPERATIONS AND CREATION, AND BY INTERACTING WITH OFFICES OF CONGRESS, CERTAIN REGULATORY AGENCIES, PRIMARILY THE IRS AND DEPARTMENT OF LABOR, AND ON OCCASION BY FILING AMICUS BRIEFS IN SIGNIFICANT LAWSUITS THAT MAY IMPACT ESOP OPERATION AND CREATION. PROVIDING TECHNICAL ASSISTANCE TO MEMBERS AND THE PUBLIC: PUBLICATIONS, SEMINARS, AND EDUCATION ON ESOP COMPANY MANAGEMENT. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 29 0 1 18 1 1 1 0 0 0 1 1 0 0 0 X 11 11 0 0 1 0 1 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 CA X THE ASSOCIATION 2022932971 200 MASSACHUSETTS AVENUE NW 410 WASHINGTON DC 20001 ALI JAMSHIDI CHAIR 1.00 1.00 X X 0 0 0 KAREN ELLIS VICE CHAIR 1.00 X X 0 0 0 DERRICK VICK SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 GARY SHORMAN IMMEDIATE PAST CHAIR 1.00 1.00 X X 0 0 0 LORI STUART CHAIR ADVISORY COMMITTEE 1.00 1.00 X 0 0 0 CINDY TURCOT CHAIR EOF 1.00 1.00 X 0 0 0 STEVE EARLE STATE & REGIONAL CHAIR 1.00 1.00 X 0 0 0 BRAIN IPPENSEN AT LARGE BOARD MEMBER 1.00 X 0 0 0 ROBYN POLLINA AT LARGE BOARD MEMBER 1.00 1.00 X 0 0 0 PETER A NEY CHAIR PUBLIC POLICY COMMITTEE 1.00 X 0 0 0 DANIEL GOLDSTEIN AT LARGE BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES BONHAM PRESIDENT & CEO 35.00 5.00 X 359388 51341 4797 KRISTIE MARK CHIEF OPERATING OFFICER 30.00 10.00 X 213054 71017 25521 DANIEL MARCUE CHAPTER DEVELOPMENT 40.00 X 211639 0 44110 AMANDA RUSHING VP OF EVENTS & EDUCATION 40.00 X 133658 0 44804 JENNIFER EDWARDS VP OF MEMBERSHIP 40.00 X 134668 0 20174 GREG FACCHIANO VP GOVT RELATIONS AND PUBLIC AFFAIRS 40.00 X 197500 0 9091 1249907 122358 148497 9 0 1 0 VC4 LLC 8245 BACKLICK RD SUITE E LORTON VA 22079 AUDIO/VISUAL 341580 MARRIOTT BUSINESS SERVICES PO BOX 404883 ATLANTA GA 303844883 CONFERENCE HOTEL 205897 CAESAR'S PALACE PO BOX 96118 LAS VEGAS NV 89193 CONFERENCE HOTEL 180000 THIRD REEF PARTNERS 1324 FISHING CREEK ROAD ANNAPOLIS MD 21403 WEBSITE 178723 ENCORE 3570 LAS VEGAS BLVD S LAS VEGAS NV 89109 AUDIO/VISUAL 141306 9 525160 525160 SEMINARS/CONFERENCES 900099 3322473 3322473 MEMBERSHIP DUES 900099 2364082 2364082 PUBLICATIONS 900099 10530 10530 OTHER PROGRAMS 900099 1525 1525 5698610 40795 40795 236839 59210 177629 385097 232567 152530 152530 152530 MISCELLANEOUS REVENUE 900099 181477 181477 181477 6835411 5697085 59210 553956 363585 1907536 57122 283566 154730 5190 6225 40521 7598 559502 96449 453167 327713 187124 200830 1799572 176878 30366 DUES & SUBSCRIPTIONS 41887 TAXES AND LICENSES 25910 MISCELLANEOUS 17147 EQUIPMENT RENTAL 16639 6950 6766207 441890 830967 113508 67481 203871 330297 285486 266646 1336804 530286 947694 806518 1302809 1513236 13995 13995 3309253 3829140 125382 415654 2210933 2392671 2336315 2808325 X 972938 1020815 972938 1020815 3309253 3829140 69204 -21327 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 1 2364082 70000 -1651293 -1581293 472816 -2054109 584229 55036 529193 327494 122269 205225 425081 352981 72100 806518 X 6806486 -21327 -21327 6827813 7598 7598 6835411 6758609 0 6758609 7598 7598 6766207 PART X, LINE 2: THE ORGANIZATION HAS EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2021, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. X X X X X 0 0 0 JAMES BONHAM PRESIDENT & CEO 300807 42972 58581 8369 0 0 3500 500 697 100 363585 51941 0 0 KRISTIE MARK CHIEF OPERATING OFFICER 181783 60594 31271 10423 0 0 3000 1000 16141 5380 232195 77397 0 0 DANIEL MARCUE CHAPTER DEVELOPMENT 203139 0 8500 0 0 0 4000 0 40110 0 255749 0 0 0 GREG FACCHIANO VP GOVT RELATIONS AND PUBLIC AFFAIRS 195000 0 2500 0 0 0 4000 0 5091 0 206591 0 0 0 AMANDA RUSHING VP OF EVENTS & EDUCATION 123658 0 10000 0 0 0 4000 0 40804 0 178462 0 0 0 JENNIFER EDWARDS VP OF MEMBERSHIP 128668 0 6000 0 0 0 4000 0 16174 0 154842 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 INCREASE THE BOARD FROM 10 TO 11 (COMPOSITION OF CURRENT BOARD 10 MEMBERS) - THIS CHANGES THE POTENTIAL OF PROF MEMBERS TO HOLD SEATS ON THE BOD. O 4 EXECUTIVE POSITIONS CHAIR, VICE CHAIR, SECRETARY, PAST CHAIR O SRCC EC CHAIR O ADVISORY COMMITTEE CHAIR "CHAIR OF CHAIRS" O EOF CHAIR O PUBLIC POLICY COUNCIL CHAIR O 3 MEMBERS AT-LARGE O 1 PROFESSIONAL AT-LARGE BOARD MEMBER FROM THE GENERAL MEMBERSHIP O 1 CORPORATE AT LARGE BOARD MEMBER FROM THE GENERAL MEMBERSHIP O 1 CORPORATE AT-LARGE BOARD MEMBER FROM THE PPC FORM 990, PART VI, SECTION A, LINE 6 THERE ARE FOUR CLASSES OF MEMBERS: CORPORATE MEMBERS, PROFESSIONAL MEMBERS, EDUCATIONAL MEMBERS, AND AFFILIATE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A EACH CORPORATE MEMBER SHALL HAVE ONE VOTE. EACH INDIVIDUAL PROFESSIONAL MEMBER SHALL HAVE ONE VOTE. EACH FIRM PROFESSIONAL MEMBER SHALL HAVE ONE VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT AND THE CHIEF OPERATING OFFICER PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONSISTENTLY AT BOARD MEETINGS THE POLICY IS REFERENCED SHOULD THERE BE ANY DISCUSSION OF A MATTER THAT MAY APPEAR TO BE A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT: ANNUALLY, COMPENSATION COMMITTEE OF THE BOARD REVIEWS CEO, TITLED PRESIDENT, COMPENSATION AND SPECIFICALLY AGREES TO AMOUNT IN CONTRACT SIGNED BY CHIEF ELECTED OFFICER AND THE ASSOCIATION'S BOARD CHAIR. OTHER OFFICERS OR KEY EMPLOYEES: ONLY THE PRESIDENT IS AN OFFICER BY CONTRACT, OTHER NINE EMPLOYEES' COMPENSATION SET BY PRESIDENT IN ACCORDANCE WITH BOARD APPROVED BUDGET AND ANNUAL OPERATIONS PLAN. FORM 990, PART VI, SECTION C, LINE 19 ALL INFORMATION AVAILABLE UPON REQUEST BY ANY INDIVIDUAL. THE EMPLOYEE OWNERSHIP FOUNDATION 200 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 521739193 SUPPORT PROGRAMS TO INCREASE AWARENESS OF THE BENEFITS OF ESOPS DC 501(C)(3) LINE 12A, I THE ESOP ASSOCIATION 0 ESOP PAC 200 MASSACHUSETTS AVENUE NW WASHINGTON DC 20001 HELP THE CONGRESSIONAL SUPPORTERS OF ESOPS DC 527 THE ESOP ASSOCIATION 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0