2022-11-14T08:22:15-06:00 2021-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2021-01-01 042200147 SALZBURG GLOBAL SEMINAR INC SALZ 2026377683 EATON HOUSE 1203 K ST NW 365 WASHINGTON DC 20005 JULIE JONES INTERIM CFO 2026377683 2022-11-11 1 JULIE JONES 999009999 PHILIP H CORNBLATT P00252478 4107834900 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z JULIE JONES EATON HOUSE 1203 K ST NW SUITE 365 WASHINGTON DC 20005 7910803 0 X WWW.SALZBURGGLOBAL.ORG X 1947 MA TO CHALLENGE CURRENT AND FUTURE LEADERS TO SHAPE A BETTER WORLD. 24 22 11 6 2908476 0 6797411 6257510 1493054 2153214 547173 -350198 270290 163195 9107928 8223721 0 0 0 0 4580798 4756931 0 0 239789 2981089 3637877 7561887 8394808 1546041 -171087 30557949 32915580 18755885 18371354 11802064 14544226 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 6170540 2153214 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 38,000 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 6170540 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 0 1 1 1 1 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 23 0 1 11 1 1 1 1 AU 0 0 0 0 0 0 0 0 0 0 X 24 22 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MD MA MI NY VA VT X X JULIE JONES 2026377682 EATON HOUSE 1203 K ST NW SUITE 365 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 GREG MEDCRAFT 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 DIRECTOR 1.00 X 0 0 0 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 MARS CHAIR OF THE BOARD 1.00 X X 0 0 0 BENJAMIN GLAHN VP & COO 1.00 X 168346 0 34577 BETH PERTILLER SENIOR DIRECTOR OPERATIONS 1.00 X 88289 0 26464 DANIEL SZELEYNI VP HOSPITALITY 1.00 X 110806 0 31459 STEPHEN L SALYER PRESIDENT & CEO 40.00 X 296883 0 7778 THOMAS BIEBL VP, PUBIC AFFAIRS 1.00 X 113374 0 29356 ANDREAS R DOMBRET DIRECTOR 1.00 X 0 0 0 TREVOR TRAINA DIRECTOR 1.00 X 0 0 0 SALLY JOHNSTON O'NEAL DIRECTOR 1.00 X 0 0 0 777698 0 129634 5 1 1 0 KORN FERRY (US) NW 5854 PO BOX 1450 MINNEAPOLIS MN 554855854 EXECUTIVE TALENT SEARCH 177845 MARCUM LLP 750 THIRD AVENUE 11TH FLOOR NEW YORK NY 10017 ACCOUNTING SERVICES 151903 2 253992 6003518 6257510 CONFERENCE INCOME 721000 2153214 2153214 2153214 -754482 -754482 91366 -373864 60946 465230 -60946 404284 404284 OTHER INCOME (LOSS) 721000 163195 -592067 755262 163195 8223721 -592067 2908476 -350198 325153 99172 201595 24386 4431778 3647054 642353 142371 2505 1251 1165 89 239200 119429 111245 8526 832773 415791 387299 29683 303517 212947 63293 27277 56075 30359 21343 4373 297195 71504 225691 459136 341265 117871 MISCELLANEOUS EXPENSE 580012 401093 175835 3084 FOOD & BEVERAGE 457877 457877 MAINTENANCE AND UTILITI 348193 348193 TAXES 60314 24605 35709 1080 1080 8394808 6170540 1984479 239789 3453631 4242043 584737 574958 806268 569581 663904 683442 14664676 8895949 5829396 5768727 19220013 21076829 30557949 32915580 1855568 1864235 1111273 1275178 10000 15779044 15231941 18755885 18371354 X -9708906 -7767227 21510970 22311453 11802064 14544226 30557949 32915580 X -171087 1563539 1349709 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17065732 275669 1148837 900000 17590238 16175928 294866 1494938 900000 17065732 15076451 371424 1665950 937897 16175928 16918156 428298 1320003 950000 15076451 15417936 44263 2405957 950000 16918156 0.83000 0.17000 0 0 157696 157696 13405835 8787483 4618352 1101145 108466 992679 5768727 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. THE SEMINAR IS ALSO SUBJECT TO CERTAIN TAXES IN AUSTRIA AND U.S. PERSONAL PROPERTY TAX. THE SEMINAR EVALUATES ITS UNCERTAIN TAX POSITIONS USING THE PROVISIONS OF AUTHORITATIVE GUIDANCE. ACCORDINGLY, A LOSS CONTINGENCY IS RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED AS OF THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION, OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE, COULD DIFFER FROM THE AMOUNT RECOGNIZED. THE SEMINAR HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2021 AND 2020. THE SEMINAR'S FORMS 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. WHILE NO TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2018 REMAIN OPEN. 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 ORGANIZATION'S WEBSITE. 1 EUROPE 1 PROGRAM SERVICES EDUCATIONAL CENTER 5581947 0 0 0 0 0 0 5581947 0 5581947 SCHOLARSHIP EUROPE 2 10000 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. PART III ACCOUNTING METHOD: X X X 1 CARTER CONSULTING GROUP LLC 2810 OLD LEE HWY FAIRFAX VA 22031 0 133700 0 30000 133700 30000 MA NY VA MD CA MI VT X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEPHEN L SALYER PRESIDENT & CEO 259808 0 30575 0 6500 0 0 0 7778 0 304661 0 0 0 BENJAMIN GLAHN VP & COO 146315 0 9000 0 13031 0 0 0 34577 0 202923 0 0 0 FORM 990, PART VII, LINE 1A AND SCHEDULE J THE ORGANIZATION LISTED FORMER OFFICER(S), DIRECTOR(S), TRUSTEE(S), KEY EMPLOYEE(S) AND/OR HIGHEST COMPENSATED EMPLOYEE(S) ON FORM 990, PART VII, LINE 1A. THOSE LISTED DID NOT RECEIVE COMPENSATION OVER $150,000; THEREFORE, THEY ARE NOT LISTED ON THE SCHEDULE J. ROBERT MUNDHEIM BOARD MEMBER MEIERHOF RENOVATION X 50000 0 0 1 1 GRANT CAMBRIDGE DIRECTOR OF CAPITAL GROUP 4386245 INVESTMENT IN MUTUAL FUNDS 0 FORM 990, PART VI, SECTION A, LINE 2 ON JULY 19, 2013, DONALD D. O'NEAL, A BOARD MEMBER, ISSUED A $200,000 NOTE PAYABLE TO SALZBURG GLOBAL SEMINAR, INC THAT IS DUE TO MATURED ON JULY 19, 2018. 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 XI, LINE 9: FOREIGN CURRENCY TRANSLATION ADJUSTMENTS 1,349,709. FORM 990, PART XII, LINE 2C: IT HAS NO CHANGE FROM PRIOR YEAR.