2020-07-08T11:49:11-05:00 2019-06-30 420714325 RSM US LLP 2021 L STREET NW 400 WASHINGTON DC 20036 990 2018-07-01 520239291 TAX EXECUTIVES INSTITUTE INC TAXE 2026385601 1200 G ST NW NO 300 WASHINGTON DC 20005 ELI J DICKER EXECUTIVE DIRECTOR 2026385601 2020-07-08 1 MIKE SORRELLS P00001737 2022932200 108.48.150.90 2020-07-08 11:46:49 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1FE53BDFCB5A9E7ADF2C1FAEFD07FCB2349EA307 2018 2020-09-23 17:36:50Z ELI J DICKER 1200 G ST NW NO 300 WASHINGTON DC 20005 14389022 0 X WWW.TEI.ORG X 1944 NY TO ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS. 80 80 20 137 314517 0 0 0 9925353 10755273 358668 222809 539852 551690 10823873 11529772 216910 197207 0 0 3164904 3187565 0 0 0 7948061 8373305 11329875 11758077 -506002 -228305 13265808 13030152 4443668 4249177 8822140 8780975 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 - THE TAX EXECUTIVES INSTITUTE (THE INSTITUTE) OPERATES NUMEROUS EDUCATION PROGRAMS THROUGHOUT THE YEAR; THESE PROGRAMS ARE AVAILABLE BOTH AT THE INSTITUTE AND THE 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 A SOPHISTICATED BUT USER-FRIENDLY ELECTRONIC COMMUNICATIONS SYSTEM, FEATURING SPECIALIZED AND PRIVATE ONLINE BULLETIN BOARDS. COMMITTEE AND LIAISON - 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 7,000 MEMBERS REPRESENT MORE THAN 2,800 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 0 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 0 0 1 X 12 0 1 20 1 1 1 1 CA NL CH HK 0 0 1 1 0 0 0 X 80 80 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBORAH C GIESEY 2026385601 1200 G STREET NW SUITE 300 WASHINGTON DC 200053814 JAMES P SILVESTRI PRESIDENT 3.00 1.00 X X 0 0 0 KATRINA H WELCH SR. VICE PRESIDENT 3.00 1.00 X X 0 0 0 JAMES A KENNEDY SECRETARY 3.00 1.00 X X 0 0 0 MITCHELL S TRAGER TREASURER 3.00 1.00 X X 0 0 0 BRIAN MUSTARD VP - REGION I 2.00 0.00 X X 0 0 0 KIMBERLY M PEPE VP - REGION II 2.00 0.00 X X 0 0 0 GREGORY STAY VP - REGION III 2.00 0.00 X X 0 0 0 EVAN G ERNEST VP - REGION IV 2.00 0.00 X X 0 0 0 CRAIG SCHMIDTGESLING VP - REGION V 2.00 0.00 X X 0 0 0 JOHN A MANN VP - REGION VI 2.00 0.00 X X 0 0 0 KRISTINE M ROGERS VP - REGION VII 2.00 0.00 X X 0 0 0 DINA ARMSTRONG VP - REGION VIII 2.00 0.00 X X 0 0 0 JENNIFER K BOWERS VP - REGION IX 2.00 0.00 X X 0 0 0 LINDA S KIM VP - REGION X 2.00 0.00 X X 0 0 0 ANNA THEEUWES VP - REGION XI 2.00 0.00 X X 0 0 0 DAURELL H BELL ALASKA CHAPTER REP 2.00 0.00 X 0 0 0 LINDA M LAMBSON ARIZONA CHAPTER REP 2.00 0.00 X 0 0 0 GUINESS K CHAN ASIA CHAPTER REP 2.00 0.00 X 0 0 0 ALICE M RIVIEZZO ATLANTA CHAPTER REP 2.00 0.00 X 0 0 0 AARON J SOSA AUSTIN CHAPTER REP 2.00 0.00 X 0 0 0 BARBARA J YOUNG BALTIMORE-WASHINGTON CHAPTER REP 2.00 0.00 X 0 0 0 JAMES A RIZZO BUFFALO-NIAGARA CHAPTER REP 2.00 0.00 X 0 0 0 TAMMY BRATTON CALGARY CHAPTER REP 2.00 0.00 X 0 0 0 JULIE D LOBEAN CAROLINAS CHAPTER REP 2.00 0.00 X 0 0 0 RITA M MAKARIS CHICAGO CHAPTER REP 2.00 0.00 X 0 0 0 MICHAEL R SCHOSTER CINCINNATI-COLUMBUS CHAPTER REP 2.00 0.00 X 0 0 0 ROBERT M AHONEN CLEVELAND CHAPTER REP 2.00 0.00 X 0 0 0 JEFFREY R KAINE CONNECTICUT VALLEY CHAPTER REP 2.00 0.00 X 0 0 0 SANDHYA K EDUPUGANTY DALLAS CHAPTER REP 2.00 0.00 X 0 0 0 SCOTT T MOELLER DENVER CHAPTER REP 2.00 0.00 X 0 0 0 ROB CLARY DETROIT CHAPTER REP 2.00 0.00 X 0 0 0 CLIVE M BAXTER EMEA CHAPTER REP 2.00 0.00 X 0 0 0 BRIAN M SOLTIS FLORIDA CHAPTER REP 2.00 0.00 X 0 0 0 MICHAEL L GILLILAND FORT WORTH CHAPTER REP 2.00 0.00 X 0 0 0 LARRY A STEPHENSON HARRISBURG CHAPTER REP 2.00 0.00 X 0 0 0 KIERAN A YAP HAWAII CHAPTER REP 2.00 0.00 X 0 0 0 EMILY WHITTENBURG HOUSTON CHAPTER REP 2.00 0.00 X 0 0 0 BRIAN DUNLAP INDIANA CHAPTER REP 2.00 0.00 X 0 0 0 JEFF STROTHCAMP IOWA CHAPTER REP 2.00 0.00 X 0 0 0 GARY GOSE KANSAS CITY CHAPTER REP 2.00 0.00 X 0 0 0 JAMES M HARRIS JR KENTUCKY CHAPTER REP 2.00 0.00 X 0 0 0 LIONEL B NOBRE LATIN AMERICA CHAPTER REP 2.00 0.00 X 0 0 0 SILVA YEGHYAYAN LOS ANGELES CHAPTER REP 2.00 0.00 X 0 0 0 CHARLES A FITZER MINNESOTA CHAPTER REP 2.00 0.00 X 0 0 0 DAVE HUNTER MONTREAL CHAPTER REP 2.00 0.00 X 0 0 0 J ALLEN RIDER III NASHVILLE CHAPTER REP 2.00 0.00 X 0 0 0 LAURA E SARGENT NEBRASKA CHAPTER REP 2.00 0.00 X 0 0 0 NANCY BOWMAN NEVADA CHAPTER REP 2.00 0.00 X 0 0 0 TIMOTHY R GARAHAN NEW ENGLAND CHAPTER REP 2.00 0.00 X 0 0 0 RAYMOND J SALORT NEW JERSEY CHAPTER REP 2.00 0.00 X 0 0 0 GREGORY A VIGGIANO NEW YORK CHAPTER REP 2.00 0.00 X 0 0 0 ANGELA WALLACE OKLAHOMA CITY CHAPTER REP 2.00 0.00 X 0 0 0 GAYLE S JENNINGS ORANGE COUNTY CHAPTER REP 2.00 0.00 X 0 0 0 NICOLE CURRAN PHILADELPHIA CHAPTER REP 2.00 0.00 X 0 0 0 ALLAN COPENHEAVER PITTSBURGH CHAPTER REP 2.00 0.00 X 0 0 0 MICHAEL E BURCH PORTLAND CHAPTER REP 2.00 0.00 X 0 0 0 LAURIE M PHELPS ROCHESTER CHAPTER REP 2.00 0.00 X 0 0 0 BRUCE S WELIKSON ST. LOUIS CHAPTER REP 2.00 0.00 X 0 0 0 COLLEEN C BROWN SALT LAKE CITY CHAPTER REP 2.00 0.00 X 0 0 0 KATHY Y SHEN SAN DIEGO CHAPTER REP 2.00 0.00 X 0 0 0 STEVEN F ANDERSON SAN FRANCISCO CHAPTER REP 2.00 0.00 X 0 0 0 MICHELL RODRIGUEZ SEATTLE CHAPTER REP 2.00 0.00 X 0 0 0 PETER WATERSTREET SILICON VALLEY CHAPTER REP 2.00 0.00 X 0 0 0 WINSTON CK WOO TORONTO CHAPTER REP 2.00 0.00 X 0 0 0 ERNEST N GATES TULSA CHAPTER REP 2.00 0.00 X 0 0 0 FRASER E REID VANCOUVER CHAPTER REP 2.00 0.00 X 0 0 0 JAMES R MOHN VIRGINIA CHAPTER REP 2.00 0.00 X 0 0 0 PETER F DE NICOLA WESTCHESTER-FAIRFIELD CHAPTER REP 2.00 0.00 X 0 0 0 KATIE GOSS WESTERN MICHIGAN CHAPTER REP 2.00 0.00 X 0 0 0 MICHAEL HIETPAS WISCONSIN CHAPTER REP 2.00 0.00 X 0 0 0 DEBORAH L STOTT WISCONSIN, NORTHEAST CHAPTER REP 2.00 0.00 X 0 0 0 SOL COFFINO PAST PRESIDENT 2.00 0.00 X 0 0 0 JUDITH P ZELISKO PAST PRESIDENT 2.00 0.00 X 0 0 0 PAUL O'CONNOR PAST PRESIDENT 2.00 0.00 X 0 0 0 TERILEA J WIELENGA PAST PRESIDENT 2.00 0.00 X 0 0 0 MARK C SILBIGER PAST PRESIDENT 2.00 0.00 X 0 0 0 CN SANDY MACFARLANE PAST PRESIDENT 2.00 0.00 X 0 0 0 JANICE L LUCCHESI PAST PRESIDENT 2.00 0.00 X 0 0 0 ROBERT L HOWREN PAST PRESIDENT 2.00 0.00 X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR 35.00 1.00 X 336202 0 32136 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 35.00 0.00 X 151067 0 27870 W PATRICK EVANS CHIEF TAX COUNSEL 35.00 0.00 X 262560 0 51585 BENJAMIN R SHRECK TAX COUNSEL 35.00 0.00 X 245920 0 48263 A PILAR MATA TAX COUNSEL 35.00 0.00 X 230530 0 40139 WATSON M MCLEISH TAX COUNSEL 35.00 0.00 X 179057 0 23270 DEBORAH K LICHTER TAX COUNSEL 35.00 0.00 X 156779 0 46301 1562115 0 269564 7 0 1 0 0 CHAPTERS AND REGIONS 900099 4399802 4399802 SPONSORSHIP 541800 2358350 2358350 CONTINUING EDUCATION 900099 2111345 2111345 MEMBERSHIP DUES 900099 1552459 1552459 PUBLICATION INCOME 541800 333317 18800 314517 10755273 222059 222059 541000 541000 2860000 2859250 750 750 750 MISCELLANEOUS 900099 10690 10690 10690 11529772 8082406 314517 3132849 175975 21232 560700 1970584 195480 310040 150761 10771 28927 60849 8362 195844 168046 8998 531800 52533 1617318 267512 52535 CHAPTER AND REGION DISB 4330860 PUBLICATIONS 508653 CHAPTER AND REGION REBA 204697 MISCELLANEOUS 129838 195762 11758077 1293756 1384122 4102159 4920179 70853 51491 57664 102779 1626977 930397 953215 696580 6788161 5868975 0 6026 13265808 13030152 241778 253180 3050229 2858772 1151661 1137225 4443668 4249177 X 8822140 8780975 8822140 8780975 13265808 13030152 -228305 187140 0 X X 0 1 X 1 0 0 0 0 1552459 55503 55503 55503 703755 224900 478855 923222 705497 217725 696580 DEFERRED RENT 1137225 1137225 7273154 187140 187140 7086014 28927 4414831 4443758 11529772 7196187 0 7196187 28927 4532963 4561890 11758077 PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST RECEIVED BY CHAPTERS 4,258. INCOME EARNED BY CHAPTERS AND REGIONS 4,399,802. MANAGEMENT FEES 10,771. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCURRED BY CHAPTERS AND REGIONS 4,522,192. MANAGEMENT FEES 10,771. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 0 PROGRAM SERVICE ACTIVITIES MEMBERSHIP & MEETING SERVICES 11905 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICE ACTIVITIES MEMBERSHIP & MEETING SERVICES 265072 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICE ACTIVITIES MEMBERSHIP & MEETING SERVICES 19234 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 GRANTMAKING 2436 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 GRANTMAKING 18796 0 0 0 0 0 0 317443 0 317443 0 0 1 0 0 0 PART I, LINE 2: INSTITUTION SELECTION THE SCHOLARSHIP COMMITTEE SHALL RECOMMEND TO THE CHAPTER BOARD OF DIRECTORS THE EDUCATIONAL INSTITUTION(S) ("UNIVERSITY") FOR THE SCHOLARSHIP AWARD. THE FOLLOWING CRITERIA SHOULD BE CONSIDERED IN THE SELECTION PROCESS: CRITERIA FOR ESTABLISHING A CHAPTER SCHOLARSHIP PROGRAM -THE UNIVERSITY MUST BE A FULLY ACCREDITED INSTITUTION, REGARDED AS A TOP UNIVERSITY IN THE FIELD OF ACCOUNTING OR TAXATION. -THE UNIVERSITIES INITIALLY CONSIDERED FOR SCHOLARSHIP ARE ____________. THE SCHOLARSHIP COMMITTEE MAY RECOMMEND ADDITIONAL UNIVERSITIES FOR CONSIDERATION. -THE UNIVERSITY MUST BE A PUBLIC INSTITUTION. -NO ONE UNIVERSITY MAY BE AWARDED MORE THAN 50 PERCENT OF THE SCHOLARSHIP DOLLARS OVER ANY THREE YEAR PERIOD. -NO UNIVERSITY MAY BE AWARDED BACK-TO-BACK SCHOLARSHIPS. -THE SCHOLARSHIP COMMITTEE'S RECOMMENDATIONS MAY DEVIATE FROM THE ABOVE LISTED CRITERIA, SUBJECT TO THE CHAPTER BOARD'S APPROVAL. SIGNIFICANT DEVIATIONS SHOULD BE SUPPORTED BY A WRITTEN EXPLANATION. IF CIRCUMSTANCES SUPPORT THE DEVIATION, THE BOARD SHOULD EXPRESSLY GRANT A WAIVER FROM THE RECOMMENDED SELECTION PROCEDURES. ELIGIBILITY RECIPIENT MUST BE ENROLLED IN A FULLY ACCREDITED MASTER OF ACCOUNTANCY (WITH AN EMPHASIS IN TAXATION) OR A MASTER IN TAXATION PROGRAM AND HAVE SUCCESSFULLY COMPLETED 12 SEMESTER HOURS, WHILE MAINTAINING A "B" AVERAGE. THE UNIVERSITY'S SCHOLARSHIP COMMITTEE MAY CONSIDER FINANCIAL NEED IN DETERMINING THE ELIGIBILITY CRITERIA. THE SELECTION OF THE AWARD RECIPIENT MUST RESIDE WITH THE UNIVERSITY SELECTED TO RECEIVE THE SCHOLARSHIP. SCHOLARSHIPS WILL BE AWARDED WITHOUT REGARD TO THE APPLICANT'S RACE, COLOR, CREED, RELIGION, SEX, OR NATIONAL ORIGIN. TEI MEMBERS AND THEIR IMMEDIATE FAMILIES ARE INELIGIBLE TO RECEIVE CHAPTER SCHOLARSHIPS. X 1 1 X X X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR 334311 0 0 0 1891 0 32136 0 7449 0 375787 0 0 0 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 145561 0 3600 0 1906 0 14906 0 18940 0 184913 0 0 0 W PATRICK EVANS CHIEF TAX COUNSEL 255144 0 6600 0 816 0 26524 0 33767 0 322851 0 0 0 BENJAMIN R SHRECK TAX COUNSEL 236904 0 8200 0 816 0 24654 0 29783 0 300357 0 0 0 A PILAR MATA TAX COUNSEL 222014 0 7700 0 816 0 23000 0 23166 0 276696 0 0 0 WATSON M MCLEISH TAX COUNSEL 172742 0 6000 0 315 0 17528 0 9551 0 206136 0 0 0 DEBORAH K LICHTER TAX COUNSEL 150141 0 3600 0 3038 0 15469 0 34501 0 206749 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. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SECTION 1. MEMBERSHIP SHALL BE 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 SHALL DESIGNATE, 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 SHALL 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 "SHALL 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 SHALL BE STAGGERED SO THAT THE NUMBER OF DIRECTORS ELECTED FROM THE CHAPTERS EACH YEAR SHALL BE ONE-HALF OF THE NUMBER OF CHAPTERS OF THE INSTITUTE.". IN RESPECT OF THE FOUR SENIOR OFFICERS AND NINE REGIONAL VICE PRESIDENTS, ARTICLE V, SECTION 2 OF THE BY-LAWS PROVIDES THAT EACH YEAR, THE INSTITUTE'S NOMINATING COMMITTEE "SHALL MAKE NOMINATIONS FOR OFFICERS, EXCEPT THAT THE SENIOR VICE PRESIDENT SHALL AUTOMATICALLY SUCCEED 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 THAT "PAST PRESIDENTS OF THE INSTITUTE WHO REMAIN IN GOOD STANDING AND CONSENT TO SERVE SHALL BE NOMINATED TO SERVE ON THE BOARD FOR UP TO THREE CONSECUTIVE ONE-YEAR TERMS FOLLOWING THEIR SERVICE AS PRESIDENT. IN ADDITION, ALL QUALIFYING PAST PRESIDENTS WHO SERVED ON THE BOARD AS OF THE 2006 ANNUAL MEETING OF MEMBERS SHALL BE NOMINATED TO SERVE ON THE BOARD AS LONG AS THEY CONTINUE THEIR MEMBERSHIP AND CONSENT TO SERVE AS DIRECTORS." THE NAMES OF THOSE QUALIFYING PAST PRESIDENTS ARE PLACED ON THE BALLOT FOR ELECTION BY THE MEMBERS. 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 ONCE TATE AND TRYON HAS COMPLETED THE FORM 990 PREPARATION, A COPY IS SENT TO TEI'S MANAGEMENT FOR APPROVAL. ONE OF THE INSTITUTE'S FOUR SENIOR OFFICERS REVIEWS THE RETURN AFTER MANAGEMENT HAS APPROVED IT. THE RETURN IS 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. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE POSTED ON THE WEBSITE. FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE ON AN ANNUAL BASIS. FORM 990, PART XII, LINE 2C THE PROCESS FOR REVIEW HAS NOT CHANGED FROM THE PRIOR YEAR. TEI EDUCATION FUND 1200 G STREET SUITE 300 WASHINGTON DC 20005 541402262 SPONSOR CONTINUING EDUCATION/FURTHER TEI'S EDUCATIONAL OBJECTIVES VA 501(C)(3) LINE 2 TAX EXECUTIVE INSTITUTE INC 1 TEI ASIA PACIFIC LIMITED 1401 HUTCHISON HOUSE 10 HARCOURT R HONG KONG HK HOLDING COMPANY HK TAX EXECUTIVES INSTITUTE INC C -474 201026 1.00000 0 TEI BUSINESS CONSULTING (SHANGHAI) COMPANY LIMITED 33 HUAYUANSHIQIAO ROAD SUITE 2311 SHANGHAI CH 200120 CONSULTING CH TEI ASIA PACIFIC LIMITED C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0