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PUBLIC RELATIONS SOCIETY OF AMERICA INC: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PUBLIC RELATIONS SOCIETY OF AMERICA INC (EIN 13-1582190)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-11-02
IRS object ID
202023079349301497
Schema version
2019v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-11-02T13:38:03-06:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN271728945PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1PKF O'CONNOR DAVIES LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1665 FIFTH AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10022ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131582190EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PUBLIC RELATIONS SOCIETY OF AMERICA INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPUBBusinessNameControlTxt
Phone2124601400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 WALL STREET 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonPHILIP T BONAVENTURAPersonNm
Person TitleINTERIM CEO/CHIEF FINANCIAL OFFICERPersonTitleTxt
Phone2124601400PhoneNum
Signature2020-11-02SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonGARRETT M HIGGINSPreparerPersonNm
PTINP00543209PTIN
Phone2122862600PhoneNum
Preparation2020-10-28PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address47.18.172.68IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-11-02IPDt
IP Tm12:43:52IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id5DA95DB661BFBF1E1CC10393D0405B5901069AC8AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-04-22 16:20:28ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerPHILIP T BONAVENTURAPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 WALL STREET 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,097,601GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Group Exemption1255GroupExemptionNum
Organization501cYes (X)Organization501cInd
Website AddressWWW.PRSA.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1948FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionTHE PUBLIC RELATIONS SOCIETY OF AMERICA, INC. NATIONAL HEADQUARTERS (THE "SOCIETY") IS AN INDIVIDUAL MEMBER SOCIETY COMPRISED OF PUBLIC RELATIONS PRACTITIONERS AND STUDENTS ORGANIZED TO IMPROVE THE PROFESSION AND PRACTICE OF PUBLIC RELATIONS.ActivityOrMissionDesc
Voting Members Governing Body17VotingMembersGoverningBodyCnt
Voting Members Independent17VotingMembersIndependentCnt
Total Employee50TotalEmployeeCnt
Total Volunteers400TotalVolunteersCnt
Total Gross UBI$383,562TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$2,860NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$12,272,396PYProgramServiceRevenueAmt
CY Program Service Revenue$12,528,801CYProgramServiceRevenueAmt
PY Investment Income$998,044PYInvestmentIncomeAmt
CY Investment Income$239,721CYInvestmentIncomeAmt
PY Other Revenue$530,435PYOtherRevenueAmt
CY Other Revenue$478,339CYOtherRevenueAmt
PY Total Revenue$13,800,875PYTotalRevenueAmt
CY Total Revenue$13,246,861CYTotalRevenueAmt
PY Grants And Similar Paid$58,292PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$68,928CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$5,433,719PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$5,926,030CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$7,531,095PYOtherExpensesAmt
CY Other Expenses$7,667,144CYOtherExpensesAmt
PY Total Expenses$13,023,106PYTotalExpensesAmt
CY Total Expenses$13,662,102CYTotalExpensesAmt
PY Revenues Less Expenses$777,769PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$415,241CYRevenuesLessExpensesAmt
Total Assets BOY$8,468,993TotalAssetsBOYAmt
Total Assets EOY$8,619,694TotalAssetsEOYAmt
Total Liabilities BOY$2,469,667TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,927,442TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,999,326NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$4,692,252NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE PUBLIC RELATIONS SOCIETY OF AMERICA (PRSA) IS THE NATION'S LARGEST COMMUNITY OF PUBLIC RELATIONS AND COMMUNICATIONS PROFESSIONALS. PRSA PROVIDES TRAINING, SETS STANDARDS OF EXCELLENCE AND UPHOLDS PRINCIPLES OF ETHICS FOR THE GLOBAL PUBLIC RELATIONS PROFESSION. AS A LEADING VOICE IN THE PR INDUSTRY, THE SOCIETY ALSO ADVOCATES FOR GREATER UNDERSTANDING AND ADOPTION OF PUBLIC RELATIONS SERVICES.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
DescPROFESSIONAL DEVELOPMENT, INCLUDING INTERNATIONAL CONFERENCE - PRSA PROVIDES AN EXCEPTIONAL MEMBER EXPERIENCE THAT EDUCATES, INSPIRES, GUIDES AND GALVANIZES A DIVERSE COMMUNITY OF ETHICAL, STRATEGIC COMMUNICATIONS PROFESSIONALS. THE MISSION OF PRSA'S PROFESSIONAL DEVELOPMENT DEPARTMENT IS TO MAKE COMMUNICATIONS PROFESSIONALS BETTER, SMARTER AND MORE CONNECTED THROUGH ALL THE STAGES OF THEIR CAREER. IN 2019, THE PROFESSIONAL DEVELOPMENT DEPARTMENT HOSTED 10 WORKSHOPS, 5 ONLINE CERTIFICATE PROGRAMS, 40+ LIVE WEBINARS, 1PD CONFERENCE AND 4 APR BOOT CAMPS AROUND THE NATION. PRSA'S INTERNATIONAL CONFERENCE ENJOYS THE REPUTATION AS THE PREEMINENT CONFERENCE FOR THE PROFESSION AS WELL AS THE ANNUAL MEETING OF ALL PRSA COMMUNITIES. IT IS AN INTENSIVE LEARNING OPPORTUNITY WITH INDUSTRY EXPERTS AND THOUGHT LEADERS AND PEER-TO PEER NETWORKING. IT OFFERS PRACTICAL INSIGHT FOR PUBLIC RELATIONS PROFESSIONAL OF ALL CAREER LEVELS, SECTORS, WORK ENVIRONMENTS AND INDUSTRIES. DEMONSTRATING VALUE WITH ACTIONABLE BEST PRACTICES IS THE FOCUS OF THIS ANNUAL EVENT. MORE THAN 3,000 PEOPLE BENEFITED FROM BOTH PROFESSIONAL DEVELOPMENT AND INTERNATIONAL CONFERENCE PROGRAM.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescSECTIONS/SECTIONS SUPPORT-PRSA OFFERS MEMBERS A VARIETY OF WAYS TO NETWORK WITH INDUSTRY PROFESSIONALS, BOTH ONLINE AND IN-PERSON. A PRSA SECTION MEMBERSHIP IS FOR THOSE PROFESSIONALS LOOKING TO CONNECT WITH OTHER PUBLIC RELATIONS AND COMMUNICATION PEERS IN THEIR INDUSTRY VERTICAL. PRSA HAS 14 PROFESSIONAL INTEREST SECTIONS (ASSOCIATION/NONPROFIT, CORPORATE COMMUNICATIONS, COUNSELORS ACADEMY, COUNSELORS TO HIGHER EDUCATION, EDUCATORS ACADEMY, EMPLOYEE COMMUNICATIONS, ENTERTAINMENT AND SPORTS, FINANCIAL COMMUNICATIONS, HEALTH ACADEMY, INDEPENDENT PRACTITIONERS ALLIANCE, NEW PROFESSIONALS, PUBLIC AFFAIRS AND GOVERNMENT, TECHNOLOGY AND TRAVEL AND TOURISM). MEMBERS OF THESE SECTIONS ARE ABLE TO CONNECT WITH INDUSTRY PEERS WHO HAVE SIMILAR NEEDS AND SHARE THE SAME CHALLENGES. THESE GROUPS SHARE IMPORTANT AND RELEVANT INFORMATION ABOUT THEIR AREA OF INTEREST THROUGH A VARIETY OF CHANNELS THROUGHOUT THE YEAR. MORE THAN 10,000 PEOPLE BENEFITED FROM THIS PROGRAM.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescMEMBERSHIP-PRSA IS A COMMUNITY OF MORE THAN 21,000 PUBLIC RELATIONS AND COMMUNICATIONS PROFESSIONALS ACROSS THE UNITED STATES, FROM RECENT COLLEGE GRADUATES TO THE LEADERS OF THE WORLD'S LARGEST MULTINATIONAL FIRMS. OUR MEMBERS REPRESENT NEARLY EVERY PRACTICE AREA AND PROFESSIONAL AND ACADEMIC SETTING WITHIN THE PUBLIC RELATIONS FIELD. IN ADDITION, THERE ARE MORE THAN 10,000 STUDENTS WHO ARE MEMBERS OF THE PUBLIC RELATIONS STUDENT SOCIETY OF AMERICA (PRSSA) AT COLLEGES AND UNIVERSITIES HERE AND ABROAD. MORE THAN 31,000 PEOPLE BENEFITED FROM THIS PROGRAM.Desc
FieldValueIRS element (for citing)
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document69IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee50EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members17GoverningBodyVotingMembersCnt
Independent Voting Member17IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org DocumentsYes (1)ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local ChaptersYes (1)LocalChaptersInd
Policies Reference ChaptersYes (1)PoliciesReferenceChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PHILIP T BONAVENTURABusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2124601400PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 WALL STREET 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtHighest Compensated EmployeeHighestCompensatedEmployeeIndIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JOSEPH P TRUNCALE
CHIEF EXECUTIVE OFFICER40.00Yes (X)$416,046$0$64,736
PHILIP T BONAVENTURA
INTERIM CEO/CHIEF FINANCIAL OFFICER40.00Yes (X)$388,323$0$53,288
JAY STARR
VP, MEMBER SERVICES40.00$187,168$0$49,316Yes (X)
JOHN D ROBINSON
VP, CORPORATE DEVELOPMENT40.00$169,239$0$65,419Yes (X)
KARLA VOTH
VP, SPECIAL EVENTS & PROGR.40.00$160,854$0$37,020Yes (X)
ALEX ORTIZ
VP, INFORMATION TECHNOLOGY40.00$142,984$0$48,881Yes (X)
JENEEN GARCIA
EXECUTIVE DIRECTOR, PRSSA40.00$153,313$0$35,052Yes (X)
DEBRA D PETERSON
CHAIR2.00Yes (X)$0$0$0Yes (X)
T GARLAND STANSELL
CHAIR-ELECT2.00Yes (X)$0$0$0Yes (X)
RONELE M DOTSON
TREASURER2.00Yes (X)$0$0$0Yes (X)
JO ANN S LESAGE NELSON
SECRETARY2.00Yes (X)$0$0$0Yes (X)
ANTHONY W D'ANGELO
IMMEDIATE PAST CHAIR2.00Yes (X)$0$0$0Yes (X)
JOSEPH ABREU
DIRECTOR2.00$0$0$0Yes (X)
RICK BATYKO
DIRECTOR2.00$0$0$0Yes (X)
ERROL COCKFIELD
DIRECTOR2.00$0$0$0Yes (X)
AMY T COWARD
DIRECTOR2.00$0$0$0Yes (X)
MICHELLE EGAN
DIRECTOR2.00$0$0$0Yes (X)
JANE N LAW
DIRECTOR2.00$0$0$0Yes (X)
MICHELLE A OLSON
DIRECTOR2.00$0$0$0Yes (X)
BOB PRITCHARD
DIRECTOR2.00$0$0$0Yes (X)
SCOTT WESLEY THORNBUG
DIRECTOR2.00$0$0$0Yes (X)
ANA TORO
DIRECTOR2.00$0$0$0Yes (X)
SAMANTHA VILLEGAS
DIRECTOR2.00$0$0$0Yes (X)
KEVIN WAETKE
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,617,927TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$353,712TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K16IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
MARRIOTT BUSINESS SERVICES
PO BOX 403003ATLANTAGA30384CONVENTION SERVICES$986,030
DENBO MULTIMEDIA INC
684 FIFTH AVENUEBROOKLYNNY11215MULTIMEDIA SERVICES$444,457
INNOV8 EVENTS AGENCY
3000 NORTHFIELD PL SUITE 300ROSWELLGA30076MULTIMEDIA SERVICES$248,389
LOEWS PHILADELPHIA HOTEL
1200 MARKET STREETPHILADELPHIAPA19017CONVENTION SERVICES$167,583
RUSSELL REYNOLDS ASSOCIATES INC
277 PARK AVENUE STE 3800NEW YORKNY10172EXECUTIVE SEARCH CONSULTANTS$145,393
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K12CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
MEMBERSHIP DUES & FEES900099$5,194,685$5,194,685
PROFESSIONAL DEVELOP.900099$3,236,857$3,236,857
SECTIONS SUPPORT900099$1,939,099$1,939,099
STUDENT SOCIETY900099$832,902$832,902
AWARDS PROGRAMS900099$593,390$593,390

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$731,868TotalRevenueColumnAmt
Related Or Exempt Func Income$731,868RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$12,528,801TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$161,453TotalRevenueColumnAmt
Exclusion$161,453ExclusionAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$428TotalRevenueColumnAmt
Exclusion$428ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$86,335RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$86,335RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$86,335TotalRevenueColumnAmt
Exclusion$86,335ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$2,929,008SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$2,850,740SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$78,268SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$78,268TotalRevenueColumnAmt
Exclusion$78,268ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtUnrelated Business RevenueUnrelatedBusinessRevenueAmtExclusionExclusionAmt
ADVERTISING541800$378,952$378,952
OTHER INCOME900099$8,014$8,014
MAILING LIST RENTAL511140$4,610$4,610
FieldValueIRS element (for citing)
Other Revenue Total$391,576OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$13,246,861TotalRevenueColumnAmt
Related Or Exempt Func Income$12,528,801RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$383,562UnrelatedBusinessRevenueAmt
Exclusion$334,498ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$66,128TotalAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,800TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$922,393TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$3,866,654TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$325,897TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$499,587TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$311,499TotalAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$242,991TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$65,045TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$35,570TotalAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$1,491,659TotalAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$682,167TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$909,210TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$186,663TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$918,563TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$637,771TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,688,443TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$54,600TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$58,938TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmt
EQUIPMENT RENTAL$653,490
DUES & SUBSCRIPTIONS$29,823
REPAIRS & MAINTENANCE$7,374
UBI TAXES$4,837

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$13,662,102TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$815,793BOYAmt
EOY$307,406EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,502,332BOYAmt
EOY$1,503,567EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$775,546BOYAmt
EOY$556,708EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$2,028BOYAmt
EOY$2,028EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$460,568BOYAmt
EOY$394,451EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$485,637LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$162,558LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$365,568BOYAmt
EOY$323,079EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,174,057BOYAmt
EOY$5,164,358EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$373,101BOYAmt
EOY$368,097EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$8,468,993BOYAmt
EOY$8,619,694EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$879,104BOYAmt
EOY$679,064EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$1,370,359BOYAmt
EOY$2,997,984EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$220,204BOYAmt
EOY$250,394EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,469,667BOYAmt
EOY$3,927,442EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,999,326BOYAmt
EOY$4,692,252EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,999,326BOYAmt
EOY$4,692,252EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$8,468,993BOYAmt
EOY$8,619,694EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$415,241ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$758,917NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$1,650,750OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues Nonded0SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Schedule D IRS990ScheduleD

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$371,450OtherCostOrOtherBasisAmt
Depreciation$93,487DepreciationAmt
Book Value$277,963BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$114,187OtherCostOrOtherBasisAmt
Depreciation$69,071DepreciationAmt
Book Value$45,116BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$323,079TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescDEFERRED RENTDesc
Amt$250,394Amt
FieldValueIRS element (for citing)
Total Liability$250,394TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$13,970,208TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$758,917NetUnrealizedGainsInvstAmt
Revenue Not Reported$758,917RevenueNotReportedAmt
Revenue Subtotal$13,211,291RevenueSubtotalAmt
Investment Expenses Not Incld$35,570InvestmentExpensesNotIncldAmt
Revenue Not Reported Fincl Stmt$35,570RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$13,246,861TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$13,626,532TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$13,626,532ExpensesSubtotalAmt
Investment Expenses Not Incld2$35,570InvestmentExpensesNotIncld2Amt
Expenses Not Rpt Fincl Stmt$35,570ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$13,662,102TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE SOCIETY FOLLOWS THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WHICH PROVIDES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. USING THIS GUIDANCE, AN ENTITY MAY RECOGNIZE A TAX BENEFIT FROM AN UNCERTAIN TAX POSITION IN ITS FINANCIAL STATEMENTS ONLY IF IT IS MORE LIKELY-THAN-NOT (I.E. A LIKELIHOOD OF MORE THAN 50%) THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS DETERMINED THE SOCIETY HAS NO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2019. TAX YEARS SINCE 2016 REMAIN OPEN TO EXAMINATION. THERE ARE CURRENTLY NO EXAMINATIONS IN PROGRESS.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1PUBLIC RELATIONS SOCIETY OF AMERICA FDTN INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1120 WALL STREET 21ST FLOORAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10005ZIPCd
FieldValueIRS element (for citing)
Recipient EIN133556137RecipientEIN
IRC Section501(C)(3)IRCSectionDesc
Cash Grant$53,028CashGrantAmt
Purpose Of GrantTO SUPPORT THE FOUNDATION'S ONGOING DIVERSITY AND INCLUSION INITIATIVESPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 2:FormAndLineReferenceDesc
ExplanationON BEHALF OF THE PUBLIC RELATIONS SOCIETY OF AMERICA FOUNDATION ("PRSA FOUNDATION"), THE ORGANIZATION COLLECTS DONATIONS FROM ITS MEMBERS AT THE TIME OF APPLICATION AND/OR RENEWAL OF PRSA MEMBERSHIP ("DUES CHECKOFF"). IN ORDER TO SUPPORT THE PRSA FOUNDATION WITH A RELIABLE SOURCE OF UNRESTRICTED INCOME, THE BOARD OF DIRECTORS HAS PROVIDED A GUARANTEE TO THE PRSA FOUNDATION THAT THE AMOUNT RECEIVED FROM THE DUES CHECKOFF, PLUS ANY OTHER FUNDS RAISED BY PRSA, SHALL NOT BE LESS THAN $100,000 PER YEAR. THE DIFFERENCE BETWEEN THE CHECK-OFF PROGRAM CONTRIBUTIONS FROM SOCIETY MEMBERS AND THE $100,000 GUARANTEE SHALL BE PAID BY THE SOCIETY TO THE PRSA FOUNDATION. IN ORDER TO RECEIVE THE FUNDRAISING SUPPORT, THE FOLLOWING CRITERIA MUST BE MET: -PRSA FOUNDATION MEASUREMENT AND REPORTING ON AN ANNUAL BASIS AND PRIOR TO THE START OF EACH YEAR, PRSA FOUNDATION WILL SUPPLY THE PRSA BOARD WITH PROGRAMMATIC GOALS AND CLEAR METRICS FOR SUCCESS AS WELL AS TRANSPARENT REPORTING OF HOW THE FOUNDATION TRACKED AGAINST ITS PRIOR YEAR GOALS. REPORTING SHALL TAKE PLACE AT LEAST ANNUALLY AND CONTINUED FUNDING BY PRSA WILL BE CONTINGENT UPON MEETING OR EXCEEDING AGREED UPON GOALS. -PRSA CFO REVIEW OF PRSA FOUNDATION FINANCES PRSA'S CHIEF FINANCIAL OFFICER WILL BE PROVIDED A FULLY TRANSPARENT VIEW OF PRSA FOUNDATION'S PROGRAMMING AND FUNDRAISING PLANS, INCLUDING RELEVANT BUDGETS IN ORDER FOR HIM/HER TO PREPARE A COMPREHENSIVE ANALYSIS FOR THE PRSA BOARD. -FINANCIAL STABILITY AS STIPULATED IN ITS BYLAWS, PRSA FOUNDATION WILL ALWAYS MAINTAIN AT LEAST ONE YEAR'S OPERATING INCOME IN ITS RESERVES. -PRSA PRESENCE ON FOUNDATION BOARD AS LEAD PARTNER, PRSA WILL CONTINUE TO MAINTAIN FOUR SEATS ON THE PRSA FOUNDATION BOARD OF DIRECTORS. IF THE SIZE OF THE PRSA FOUNDATION BOARD SHOULD INCREASE, PRSA SHOULD BE NOTIFIED IN ADVANCE AND THE NUMBER OF PRSA BOARD REPRESENTATIVES SHALL BE INCREASED ACCORDINGLY. -DIVERSITY AND INCLUSION COMMITTEE COORDINATION PRSA FOUNDATION SHALL COORDINATE ITS PROGRAMMING WITH PRSA'S DIVERSITY AND INCLUSION COMMITTEE PROGRAMMING. PRSA FOUNDATION WILL ASSIGN ONE OR MORE BOARD MEMBERS TO CONDUCT A MONTHLY CALL WITH THE CHAIR OF PRSA'S DIVERSITY AND INCLUSION COMMITTEE. -FUNDRAISING PRSA FOUNDATION SHALL COORDINATE ITS FUNDRAISING EFFORTS WITH PRSA IN ORDER TO AVOID DUPLICATION OF EFFORTS AND MINIMIZE CONFUSION WITH DONORS AND VENDORS. -ADMINISTRATIVE MATTERS PRSA FOUNDATION AGREES TO COLLABORATE WITH PRSA IN ANY MATTERS THAT ARE ADMINISTRATIVE IN NATURE AS LONG AS IT DOES NOT CREATE AN UNDUE HARDSHIP ON THE PRSA FOUNDATION.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
JOSEPH P TRUNCALE
CHIEF EXECUTIVE OFFICER$414,858$0$0$0$1,188$0$37,000$0$27,736$0$480,782$0$0$0
PHILIP T BONAVENTURA
INTERIM CEO/CHIEF FINANCIAL OFFICER$387,549$0$0$0$774$0$37,000$0$16,288$0$441,611$0$0$0
JAY STARR
VP, MEMBER SERVICES$186,115$0$0$0$1,053$0$25,740$0$23,576$0$236,484$0$0$0
JOHN D ROBINSON
VP, CORPORATE DEVELOPMENT$168,663$0$0$0$576$0$22,798$0$42,621$0$234,658$0$0$0
KARLA VOTH
VP, SPECIAL EVENTS & PROGR.$159,544$0$0$0$1,310$0$22,147$0$14,873$0$197,874$0$0$0
ALEX ORTIZ
VP, INFORMATION TECHNOLOGY$142,816$0$0$0$168$0$19,758$0$29,123$0$191,865$0$0$0
JENEEN GARCIA
EXECUTIVE DIRECTOR, PRSSA$153,031$0$0$0$282$0$19,933$0$15,119$0$188,365$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 4THE ORGANIZATION AMENDED ITS BYLAWS DURING 2019. SIGNIFICANT CHANGES WERE MADE IN THE FOLLOWING AREAS: -CATEGORIES, RIGHTS AND PRIVILEGES, AND CRITERIA FOR MEMBERSHIP -NOTICE AND WAIVER OF NOTICE REQUIREMENTS FOR MEETINGS -COMPOSITION OF THE BOARD OF DIRECTORS -ROLE OF THE BOARD IN CONNECTION TO OFFICER NOMINATIONS -ROLE OF THE CHIEF EXECUTIVE OFFICER -AUTHORITY AND ROLE OF THE OF THE EXECUTIVE AND AUDIT COMMITTEES IN ADDITION, THE ORGANIZATION AMENDED ITS ARTICLES OF INCORPORATION DURING THE YEAR TO COMPLY WITH N-PCL REQUIREMENTS AND NEW YORK'S ANTITRUST LAWS.
FORM 990, PART VI, SECTION A, LINE 6THERE ARE FOUR CLASSES OF MEMBERSHIP: GENERAL MEMBERS, ASSOCIATE MEMBERS, RETIRED MEMBERS, AND EMERITUS MEMBERS. ADDITIONAL CATEGORIES OR SUBCATEGORIES OF MEMBERSHIP MAY BE CREATED BY THE BOARD FROM TIME TO TIME BY RESOLUTION. THE ORGANIZATION'S MEMBERS REPRESENT NEARLY EVERY PRACTICE AREA AND PROFESSIONAL AND ACADEMIC SETTING WITHIN THE PUBLIC RELATIONS OR COMMUNICATIONS FIELD.
FORM 990, PART VI, SECTION A, LINE 7ADELEGATES OF THE MEMBERSHIP, WHO SHALL HAVE AND MAY EXERCISE ALL THE POWERS, RIGHTS AND PRIVILEGES OF MEMBERS, ELECT CERTAIN DIRECTORS AND OFFICERS OF THE BOARD.
FORM 990, PART VI, SECTION A, LINE 7BDELEGATES OF THE MEMBERSHIP, WHO SHALL HAVE AND MAY EXERCISE ALL THE POWERS, RIGHTS AND PRIVILEGES OF MEMBERS, HAVE THE RIGHT TO AMEND THE BYLAWS AND APPROVE CHAPTER DISSOLUTIONS.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 WILL BE REVIEWED IN DETAIL BY THE FINANCE COMMITTEE PRIOR TO FILING. A COPY OF THE FORM 990 WILL ALSO BE PROVIDED TO EACH MEMBER OF THE BOARD ELECTRONICALLY, AND A FULL DISCUSSION WILL ENSUE AS APPROPRIATE.
FORM 990, PART VI, SECTION B, LINE 10B:EACH CHAPTER MUST HAVE BYLAWS THAT ARE CONSISTENT WITH THE NATIONAL BYLAWS AND MUST BE APPROVED BY THE BOARD.
FORM 990, PART VI, SECTION B, LINE 12CPRSA BOARD MEMBERS, OFFICERS AND KEY PERSONS ARE REQUIRED TO DISCLOSE ACTUAL AND POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. EACH DISCLOSURE IS REVIEWED BY THE CEO. ANY VIOLATIONS OF THE POLICY ARE BROUGHT TO THE ATTENTION OF THE CHAIR AND EXECUTIVE COMMITTEE. THE BOARD OF DIRECTORS WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF THE ORGANIZATION. A COVERED OFFICIAL WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT DEBATE, VOTE OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION ONCE THE POTENTIAL CONFLICT IS DISCLOSED. IF THE BOARD OF DIRECTORS DETERMINE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD WILL DETERMINE AN APPROPRIATE REMEDY. DISCUSSIONS CONCERNING CONFLICTS OF INTEREST ARE DOCUMENTED IN THE MINUTES OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION B, LINE 15COMPENSATION AND BENEFITS FOR THE CHIEF EXECUTIVE OFFICER (TOP STAFF OFFICIAL) IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD, WITH THE CONCURRENCE OF THE BOARD. THE EXECUTIVE COMMITTEE CONSIDERS SALARY SURVEYS OF SIMILAR ORGANIZATIONS FOR THE TOP STAFF OFFICIAL AND MAY, IN ITS DISCRETION, ENGAGE AN INDEPENDENT CONSULTANT TO CONDUCT A SALARY REVIEW. IN ADDITION, THE EXECUTIVE COMMITTEE CONDUCTS, WITH INPUT FROM THE BOARD OF DIRECTORS, AN EVALUATION OF THE CHIEF EXECUTIVE OFFICER BASED ON HIS OR HER SUCCESS ACHIEVING THE ENDS SET OUT IN THE STRATEGIC PLAN WHILE ACTING WITHIN THE LIMITATIONS OF PRSA POLICIES AND ACCOMPLISHING THE MUTUALLY AGREED-UPON OBJECTIVES. THE TERMS OF COMPENSATION ARE INCLUDED IN AN EMPLOYMENT CONTRACT, WHICH IS MUTUALLY EXECUTED BY THE CHAIR AND THE CEO. DETERMINING COMPENSATION AND BENEFITS PAYMENTS OF OTHER KEY EMPLOYEES IS DELEGATED TO THE CHIEF EXECUTIVE OFFICER WITHIN THE TERMS OF RESPONSIBILITIES SET FORTH IN THE EMPLOYMENT AGREEMENT, AS AGREED UPON BY THE BOARD. THE CEO CONSIDERS SALARY SURVEYS OF SIMILAR ORGANIZATIONS FOR THE KEY EMPLOYEE POSITIONS AND MAY, IN HIS/HER DISCRETION, ENGAGE AN INDEPENDENT CONSULTANT TO CONDUCT A SALARY REVIEW. IN ADDITION, THE CEO CONDUCTS AN EVALUATION OF THE KEY EMPLOYEES BASED ON HIS OR HER SUCCESS ACCOMPLISHING THE AGREED-UPON OBJECTIVES. THE PROCESS FOR DETERMINING THE COMPENSATION OF THE CEO AND KEY EMPLOYEES, AS OUTLINED ABOVE, WAS LAST CONDUCTED IN 2014 AND LAST REVIEWED IN 2019.
FORM 990, PART VI, SECTION C, LINE 19IN RESPONSE TO A WRITTEN OR IN-PERSON REQUEST, A COPY OF THE REQUESTED TAX FORM(S), GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS IS PROVIDED TO THE REQUESTER. IF THE REQUEST FOR COPIES IS MADE IN PERSON, A COPY OF THE REQUESTED DOCUMENT(S) WILL GENERALLY BE PROVIDED ON THE DAY OF THE REQUEST; IF THE REQUEST IS WRITTEN, THEN PRSA FORWARDS A COPY OF THE REQUESTED TAX FORM(S) OR GOVERNING DOCUMENT(S) WITHIN THIRTY DAYS. A COPY OF QUARTERLY AND AUDITED FINANCIAL STATEMENTS IS POSTED ON THE PRSA'S WEBSITE AFTER REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS.
FORM 990, PART XI, LINE 9:CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE -1,650,750.
FORM 990, PART XII, LINE 2C:THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.