2019-10-29T08:25:38-05:00 2018-12-31 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 221 W PHILADELPHIA STREET SUITE 200 YORK PA 17401 990 2018-01-01 141260763 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY ASSO 8454461500 HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 JOHN FRANZINO VP/CFO 8454461500 2019-10-25 1 KERRI N BOGDA CPA P00760402 7178467000 96.89.178.154 2019-10-25 10:30:09 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9D0D8DD59390B7764A3ECE0F40BBFE3618018605 2018 2019-02-21 02:37:17Z WEST POINT ASSOC OF GRADUATES TODD A BROWNE HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 216196799 0 X WWW.WESTPOINTAOG.ORG X 1869 NY FURTHERING THE IDEALS AND WELFARE OF THE USMA AND SUPPORTING AND SERVING ITS GRADUATES. 16 16 159 70 53580 8841 39195141 54858623 1455592 1366876 11737012 30282012 1599976 1631429 53987721 88138940 34483913 23381225 0 0 9396168 9671819 249950 249950 7375463 5164380 5666793 49294411 38969787 4693310 49169153 428803657 424126834 30643328 29104631 398160329 395022203 THE ASSOCIATION IS AN ORGANIZATION DEDICATED TO FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND SERVING ITS GRADUATES. 0 0 23572831 23381225 0 EDUCATIONAL AND HISTORICAL: THE ASSOCIATION OF GRADUATES SERVES AS THE FOUNDATION WHICH SECURES PRIVATE FINANCIAL SUPPORT FROM INDIVIDUALS, FOUNDATIONS AND CORPORATIONS TO PROVIDE ADDITIONAL FUNDING SUPPORT TO THE U.S. MILITARY ACADEMY ("USMA") AND THE ARMY WEST POINT ATHLETIC ASSOCIATION BASED ON THE NEEDS ESTABLISHED BY USMA AND ITS SUPERINTENDENT. INCLUDED IN THIS SUPPORT IS FUNDING FOR THE CONSTRUCTION OF STATE OF THE ART FACILITIES AND ENHANCEMENTS TO SUPPORT USMA, A NATIONAL LANDMARK. THESE FUNDS ARE ALSO DIRECTED TOWARDS ACADEMIC PROGRAMS THAT ENRICH THE CADET EXPERIENCE WITH AN ARRAY OF DIVERSE OPPORTUNITIES TO AUGMENT THE CORE CURRICULUM. OVERALL FUNDING, PROVIDED FROM PRIVATE SOURCES, HELPS TO SECURE USMA'S POSITION AS ONE OF THE PREEMINENT COLLEGES IN THE COUNTRY. 2604947 0 2254674 ALUMNI SERVICES: ENCOMPASSES ACTIVITIES AND SERVICES PROVIDED FOR GRADUATES INCLUDING SUPPORT TO THE UNITED STATES MILITARY ACADEMY ALUMNI CLASSES AND SOCIETIES, GRADUATE EVENTS, CAREER SERVICES, THE MAINTENANCE OF DETAILED BIOGRAPHICAL AND HISTORICAL RECORDS ON GRADUATES OF THE UNITED STATES MILITARY ACADEMY AND INCLUDES THE OPERATIONS OF THE GIFT SHOP. 1154977 0 161923 COMMUNICATIONS: DISSEMINATES INFORMATION ON THE CURRENT AND HISTORICAL ACTIVITIES, OBJECTIVES AND METHODS OF THE UNITED STATES MILITARY ACADEMY TO GRADUATES AND OTHERS THROUGH VARIOUS PUBLICATIONS AND MEDIA TO ENHANCE THE IMAGE OF THE UNITED STATES MILITARY ACADEMY. THIS INCLUDES THE PUBLICATION OF THE ASSOCIATION'S WEST POINT MAGAZINE WHICH IS PUBLISHED QUARTERLY AND PROVIDED TO OVER 48,000 GRADUATES FREE OF CHARGE. 27332755 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 1 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 1 49 0 159 1 1 1 0 0 0 0 1 1 1 2 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY X X JOHN FRANZINO VPCFO 8454661500 HERBERT HALL MILLS RD BLDG 698 WEST POINT NY 10996 JOSEPH E DEFRANCISCO CHAIRMAN 12.00 X X 0 0 0 STANLEY J SHIPLEY VICE CHAIRMAN 12.00 X X 0 0 0 JAMES A HOFFMAN DIRECTOR 7.00 X 0 0 0 WILLIAM D ROGERS DIRECTOR 7.00 X 0 0 0 DEIRDRE P DIXON DIRECTOR 7.00 X 0 0 0 JOHN H NORTHROP DIRECTOR 7.00 X 0 0 0 KIM M CAMPBELL DIRECTOR 7.00 X 0 0 0 JAMES Z WARTSKI DIRECTOR 7.00 X 0 0 0 CHARLES C CORRELL DIRECTOR 7.00 X 0 0 0 JEFFREY A SORENSON DIRECTOR 7.00 X 0 0 0 ARCHIE ELAM DIRECTOR 7.00 X 0 0 0 CLYDE A SELLECK DIRECTOR 7.00 X 0 0 0 HERMAN E BULLS DIRECTOR 7.00 X 0 0 0 JOHN M ROBB DIRECTOR 7.00 X 0 0 0 ROBERT A MCDONALD DIRECTOR 7.00 X 0 0 0 FELISA SA LEWIS DIRECTOR 7.00 X 0 0 0 TODD A BROWNE PRESIDENT/CEO 40.00 X 309034 0 22538 JOHN FRANZINO VICE PRESIDENT & CFO 40.00 X 178341 0 19920 PATRICK ORTLAND VICE PRESIDENT & COO (BEGIN 8/31/18) 40.00 X 57555 0 5277 DARWIN HAINES VICE PRESIDENT & COO (UNTIL 8/10/18) 40.00 X 137658 0 10009 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 40.00 X 266386 0 39813 MICHAEL WHITE SR DIRECTOR OF MAJOR GIFTS 40.00 X 141023 0 25364 RICHARD FRENCH VICE PRESIDENT OF IT 40.00 X 132800 0 10079 ELIZABETH A BARRETT VICE PRESIDENT OF COMMUNICATIONS 40.00 X 127166 0 9954 GARRETT MUNRO SR ASSOC ATHLETIC DIR, DEVELOPMENT 40.00 X 125216 0 17342 JESSICA KUHLMAN SR DIR DONOR STATEGY & ANALYTICS 40.00 X 119720 0 30942 1594899 0 191238 16 0 1 0 CONSIGLI CONSTRUCTION NY LLC 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION 966036 RAFAEL VINOLY ARCHITECTS PC 50 VANDAM STREET NEW YORK NY 10013 ARCHITECTURE SERVICES 386500 INTERCONTINENTAL CONSTR CONTRACTING INC 180 LEXINGTON AVE 2ND FL PASSAIC NJ 07055 CONSTRUCTION 326700 BLACKBAUD INC PO BOX 930256 ATLANTA GA 31193 SOFTWARE IMPLEMENT., CONSULTING 322595 NIXON PEABODY LLP PO BOX 28012 NEW YORK NY 10087 LEGAL SERVICES 287269 20 54858623 8452940 54858623 ALUMNI SERVICES 561520 668495 633788 34707 ALUMNI EVENTS 900099 284386 284386 CREDIT CARD PROCESSING 900099 203572 203572 PUBLICATION SALES 511190 161923 32381 129542 SPONSORSHIPS 900099 48500 48500 1366876 15018575 -110669 15129244 581708 581708 142193117 126929680 15263437 15263437 15263437 2177900 1128179 1049721 1049721 88138940 2252348 53580 30974389 22691912 22691912 679351 679351 9962 9962 1060975 473850 587125 6927437 2019735 1277263 3630439 331273 85332 73706 172235 716047 219662 123329 373056 636087 177069 148848 310170 10285 10285 42043 3168 37825 1050 66505 66505 249950 249950 361206 361206 299767 42340 88235 169192 36276 30445 578 5253 1318538 531748 70321 716469 936836 171189 421438 344209 77962 44085 33877 159208 52215 58809 48184 802067 284668 149105 368294 779284 779284 75849 75849 DONOR CULTIVATION 376085 11711 34463 329911 MANUFACTURING/DISTRIB. 153582 153582 REIMBURSED COSTS 95334 95334 75966 29247 20955 25764 38969787 27332755 4261569 7375463 14151500 9325046 15496043 19095532 69950 144073 370876 346632 104030 82715 14373218 7258144 7413004 7115074 318360924 293630302 51091909 70579335 21745421 23808125 428803657 424126834 3146407 3241662 15513225 14852686 4077560 3873544 7906136 7136739 30643328 29104631 X 44721643 43478022 172101119 158484260 181337567 193059921 398160329 395022203 428803657 424126834 X 49169153 -50677496 -1629783 X 0 1 X 1 0 X 40673658 37668915 39550040 39195141 54858623 211946377 40673658 37668915 39550040 39195141 54858623 211946377 8359252 203587125 3447104 5246190 4609937 6576704 15710952 35590887 293203 111870 174160 106522 0 685755 248223019 17510708 0.82020 0.85840 X 266095468 6853173 -18127801 5147984 -3027361 252700217 226902675 4814661 33511484 4557216 -5423864 266095468 207742285 8311499 10353793 4976656 -5474254 2500 226902675 198523726 11324199 -2364732 4289226 -4550818 2500 207742285 184055446 10219112 7477810 4369057 -1142915 2500 198523726 0.03990 0.76400 0.19610 0 0 11392640 6103539 5289101 1062519 444824 617695 1918059 709781 1208278 7115074 LIMITED PARTNERSHIPS 55433447 F OTHER INVESTMENTS 4813501 F REAL ESTATE INVESTMENT TRUST 10332387 F 70579335 SPLIT INTEREST TRUSTS 23808125 23808125 DEFERRED COMPENSATION 567228 DUE TO CLASSES 2662877 REMAINDER TRUSTS 3906634 7136739 X 38339086 -50677496 -361206 -51038702 89377788 -1238848 -1238848 88138940 41477212 2868631 2868631 38608581 361206 361206 38969787 PART V, LINE 4: THE ENDOWMENTS ARE USED IN FURTHERING THE IDEALS AND PROMOTING THE WELFARE OF THE UNITED STATES MILITARY ACADEMY AND ITS GRADUATES. PART V, LINE 1E: THIS REPRESENTS TRANSFERS OF TEMPORARILY RESTRICTED GIFTS TO PERMANENTLY RESTRICTED ENDOWMENTS TO COMPLY WITH THE DONORS' INTENT. PART X, LINE 2: THE INCOME TAX POSITIONS TAKEN BY THE ASSOCIATION FOR ANY YEARS OPEN UNDER THE VARIOUS STATUTES OF LIMITATIONS ARE THAT THE ASSOCIATION CONTINUES TO BE EXEMPT FROM INCOME TAXES AND THAT THE ASSOCIATION EARNS REVENUES FROM CERTAIN ACTIVITIES WHICH ARE CONSIDERED UNRELATED BUSINESS TAXABLE INCOME UNDER THE CODE. IN BOTH 2018 AND 2017, HOWEVER, UNRELATED BUSINESS INCOME (NET OF APPLICABLE EXPENSES) RESULTED IN NO MATERIAL TAX EXPENSE. THE ASSOCIATION BELIEVES THAT THERE ARE NO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD SIGNIFICANTLY INCREASE OR DECREASE UNRECOGNIZED TAX EXPENSES OR BENEFITS WITHIN 12 MONTHS OF THE REPORTING DATE. NONE OF THE ASSOCIATION'S FEDERAL OR STATE INCOME TAX RETURNS ARE CURRENTLY UNDER EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON F/S -361,206. PART XI, LINE 4B - OTHER ADJUSTMENTS: COSTS OF GOODS SOLD -1,128,179. UBI LOSS FROM PARTNERSHIP INVESTMENTS -110,669. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,128,179. PROVISION FOR UNCOLLECTIBLE PLEDGES 1,740,452. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES NETTED AGAINST REVENUE ON F/S 361,206. 1 CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 46140955 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 304590 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM SERVICES SCHOLARSHIPS 9962 0 0 0 0 0 0 46455507 0 46455507 SCHOLARSHIPS EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU 2 9962 WIRE TRANSFER 0 N/A CASH 1 0 1 0 1 0 PART I, LINE 2: THE ASSOCIATION PROVIDES CERTAIN GRANTS TO CAPTAINS AND MAJORS IN THE ARMY FOR ADVANCED EDUCATION, LANGUAGE, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATTING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. PAYMENTS ARE MADE DIRECTLY TO THE SCHOOLS. PROPER USE OF FUNDS IS MONITORED VIA THE STUDENTS' COMPLETION OF THE GRADUATE PROGRAMS. SCHEDULE F, PART IV, LINES 3: THE INVESTMENTS DID NOT MEET THE THRESHOLDS FOR FILING FORMS 5471. X X X X X 1 CATAPULT FUNDRAISING INC 2520 ST ROSE PARKWAY SUITE 217 HENDERSON NV 89074 PHONE & MAIL 0 1368147 249950 1118197 1368147 249950 1118197 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MN NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY 1 UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 53802 0 N/A N/A MEMORIAL PROJECTS UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 34772 0 N/A N/A USMA MISC UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 6062158 3000 COST MEALS FOR WORKSHOPS CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 1300 COST SHOES FOR FUNCTIONAL FITNESS CLUB CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 5490 COST SAFETY HELMETS, RIDING APPAREL, GEAR CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 1300 COST 5 HYDRA AUTOMATIC RETRACTABLE SCREENS CADET ACTIVITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 3028819 80 COST BOOK-NORTH KOREAN MILITARY PROLIFERATION IN MIDDLE EAST AND AFRICA CADET FACILITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 20000 COMPARABLE BRONZE STATUE "SOME GAVE ALL" CADET FACILITIES UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 7471318 150000 COMPARABLE LICENSES FOR 3 YEARS R-SOFT DEVICE CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 30000 COST 2,500 BOOKS FOR MODERN WAR INSTITUTE LIBRARY CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 40000 COST 2 QUANTIX TECH DRONES & ACCESSORIES CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 2152 COST 3D MODELS OF LCA AND DUKW AMPHIBIOUS REALITY PROJECTS CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 42000 COST 4 LINKS FOR RADIO CADET EDUCATION UNITED STATES MILITARY ACADEMY WEST POINT WEST POINT NY 10996 141364902 206452 COST TRAVEL & ENTERTAINMENT CADET EDUCATION ARMY WEST POINT ATHLETIC ASSOCIATION INC 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(C)(3) 5539269 0 N/A N/A CADET ACTIVITIES 2 0 SCHOLARSHIPS 70 679351 0 N/A N/A PART I, LINE 2: THE ASSOCIATION PROVIDES GRANTS TO THE UNITED STATES MILITARY ACADEMY ("USMA"). SINCE THE USMA IS A FEDERAL GOVERNMENT INSTITUTION, THE ASSOCIATION RELIES ON USMA TO MONITOR THE USE OF THESE GRANT FUNDS. CERTAIN SCHOLARSHIPS (PRIMARILY TO PREP SCHOOLS) ARE PROVIDED TO CAREFULLY SELECTED AND HIGHLY MOTIVATED YOUNG PEOPLE SEEKING ADMISSION TO USMA. STUDENTS MUST HAVE ALL QUALIFICATIONS DETERMINED BY THE ADMISSIONS COMMITTEE TO BE CONSIDERED FOR A SCHOLARSHIP. STUDENTS WHO ACCEPT THESE SCHOLARSHIPS MUST PERFORM TO USMA-SET STANDARDS DURING THE SCHOLARSHIP PERIOD TO BE ACCEPTED AT USMA AT THE END OF THE SCHOLARSHIP PERIOD. FURTHER, OTHER GRANTS ARE AWARDED TO CAPTAINS AND MAJORS IN THE REGULAR ARMY FOR ADVANCED EDUCATION, LANGUAGE SKILLS, AND CULTURAL IMMERSION NECESSARY FOR UNDERSTANDING AND COMBATTING INTERNATIONAL TERRORISM, WHICH IS ONE OF THE CENTERS OF EXCELLENCE AT THE UNITED STATES MILITARY ACADEMY WHERE CADETS RECEIVE TRAINING. X 1 1 X X X 0 0 0 0 0 0 0 1 0 TODD A BROWNE PRESIDENT/CEO 274034 0 35000 0 0 0 20625 0 1913 0 331572 0 0 0 JOHN FRANZINO VICE PRESIDENT & CFO 171341 0 7000 0 0 0 12175 0 7745 0 198261 0 0 0 KRISTIN SORENSON VICE PRESIDENT OF DEVELOPMENT 246386 0 20000 0 0 0 18500 0 21313 0 306199 0 0 0 MICHAEL WHITE SR DIRECTOR OF MAJOR GIFTS 138523 0 2500 0 0 0 10313 0 15051 0 166387 0 0 0 JESSICA KUHLMAN SR DIR DONOR STATEGY & ANALYTICS 119220 0 500 0 0 0 9661 0 21281 0 150662 0 0 0 PART I, LINE 1A WPAOG PAYS SOCIAL CLUB MEMBERSHIP DUES FOR THE PRESIDENT & CEO TO ATTEND BUSINESS FUNCTIONS. WPAOG REQUIRES THE MEMBERSHIP SO THAT IT MAY USE THE CLUB'S FACILITIES FOR BUSINESS MEETINGS. THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION SINCE THEY ARE BUSINESS RELATED. PART I, LINE 7 THE BOARD HAS THE AUTHORITY TO AWARD THE EXECUTIVE OFFICER WITH A BONUS WHICH IS DEPENDENT UPON HIS PERFORMANCE AND NOT THE FINANCIAL PERFORMANCE OF WPAOG. THE AMOUNT OF THE BONUS TO BE AWARDED IS DECIDED BY THE BOARD, ALTHOUGH THE AMOUNT CANNOT BE ABOVE A SPECIFIC THRESHOLD. THE EXECUTIVE OFFICER AWARDS BONUSES TO THE OTHER OFFICERS AND EMPLOYEES BASED UPON CONTRACTUAL AGREEMENTS AND MERIT. X 1 20000 WEBSITE/COMPARABLE VALUE X 180080 COST/COMPARABLE VALUE X 111 4899960 NYSE VALUE X 2 3042028 SELLING PRICE/PROCEEDS X TRAVEL & ENT. 32 218630 COST X TRAINING ITEMS 6 92242 COST 2 0 1 0 PART I, COLUMN (B): THE NUMBER IN COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 6 ALL LIVING GRADUATES OF THE UNITED STATES MILITARY ACADEMY IN GOOD STANDING QUALIFY AS MEMBERS OF THE ASSOCIATION. THE MEMBERSHIP BODY PRESENTLY APPROXIMATES 53,000 IN NUMBER. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS NOMINATE AND ELECT THE CHAIRMAN, VICE-CHAIRMAN AND THE DIRECTORS OF THE BOARD, ALL OF WHOM CONSTITUTE THE BOARD OF DIRECTORS OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B APPROPRIATIONS FROM THE CORPUS OF THE ENDOWMENT REQUIRE APPROVAL OF THE MEMBERSHIP. MEMBERS ALSO VOTE TO RATIFY BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE ACCOUNTING STAFF PREPARES THE INITIAL SCHEDULES TO BE USED BY THE OUTSIDE CPA FIRM FOR PREPARATION OF THE RETURN. THE DRAFTS ARE THEN REVIEWED BY THE ACCOUNTING STAFF AND THE CFO BEFORE A "FINAL" DRAFT IS SENT TO THE AUDIT & COMPLIANCE COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE HOLDS A SEPARATE MEETING WITH THE CPA FIRM AND THE CFO TO REVIEW THE ENTIRE DOCUMENT. ONCE REVIEWED AND APPROVED, THE FORM 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. SUBSEQUENTLY, THE AUDIT COMMITTEE REPORTS THE REVIEW PROCESS TO THE FULL BOARD, NOTING ITS AGREEMENT WITH THE DOCUMENT, AND ASKS IF THERE ARE ANY QUESTIONS PERTAINING TO THE DOCUMENT THAT WAS DISTRIBUTED TO EACH PERSON. FORM 990 IS FILED WITH THE IRS AFTER THIS PROCESS HAS TAKEN PLACE. FORM 990, PART VI, SECTION B, LINE 12C THERE IS A WRITTEN CONFLICT OF INTEREST POLICY APPLICABLE TO ALL BOARD MEMBERS, VOLUNTEERS AND STAFF. THE POLICY DOCUMENTATION IS DISTRIBUTED ANNUALLY TO EACH PERSON, INCLUDING NEW HIRES. INDIVIDUALS ARE REQUIRED TO RETURN AN ACKNOWLEDGEMENT OF THEIR ACCEPTANCE AND ADHERENCE PROMPTLY TO THE SECRETARY OF THE ORGANIZATION. SITUATIONS INVOLVING ANY POSSIBILITY OF CONFLICT ARE REVIEWED BY THE ETHICS COMMITTEE TO ENSURE THAT ANY RELATED ISSUES ARE PROPERLY DEALT WITH. ANYONE WITH A CONFLICT OF INTEREST MUST RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSIONS BY THE ETHICS COMMITTEE AND BOARD OF DIRECTORS REGARDING THE MATTER, AS WELL AS FROM ANY RELATED VOTE. FORM 990, PART VI, SECTION B, LINE 15 IN 2015, 2011 AND 2008, WEST POINT ASSOCIATION OF GRADUATES ("WPAOG") UTILIZED AN OUTSIDE HUMAN RESOURCES/COMPENSATION CONSULTANT TO DO A FULL REVIEW OF SALARIES AND PROVIDE FEEDBACK RELATING TO THEIR APPROPRIATENESS RELATIVE TO OUR PARTICULAR MARKET. THIS CONSULTANT ALSO REVIEWED THE SALARIES OF THE PRESIDENT, VICE PRESIDENTS, OTHER OFFICERS AND MOST EMPLOYEES TO ENSURE THAT THEY WERE WITHIN LEVELS CONSISTENT WITH THE MARKET. THE HR DEPARTMENT CONFERS WITH A COMPENSATION CONSULTANT ANNUALLY TO DISCUSS SALARY RANGES AND ANY CHANGES THAT MAY BE NECESSARY DUE TO INFLATION OR THE CREATION OF A NEW POSITION. THE COMPENSATION COMMITTEE ALSO REVIEWS THESE SALARIES ANNUALLY TO ENSURE THAT THEY ARE REASONABLE AND IN-LINE WITH THE RELATED MARKET. THE COMPENSATION COMMITTEE IS COMPRISED OF INDEPENDENT BOARD MEMBERS. THE COMPENSATION COMMITTEE THEN MEETS WITH THE BOARD IN AN EXECUTIVE SESSION, AND THEIR DECISIONS ARE DOCUMENTED. FORM 990, PART VI, SECTION C, LINE 19 WPAOG'S FINANCIAL STATEMENTS (ANNUAL AUDIT REPORT) AND BYLAWS ARE AVAILABLE ON OUR WEBSITE FOR PUBLIC VIEWING, AND OUR CONFLICT OF INTEREST POLICY IS POSTED TO THE INTERNAL SECTION FOR EMPLOYEES ONLY. THE CONFLICT OF INTEREST POLICY WOULD BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: UBI LOSS FROM PARTNERSHIP INVESTMENTS 110,669. PROVISION FOR UNCOLLECTIBLE PLEDGES -1,740,452. LGL REAL ESTATE FOUNDATION LLC BLDG 698 HERBERT HALL MILLS ROAD WEST POINT NY 10996 134265639 REAL ESTATE HOLDING NY 0 0 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY WEST POINT ATHLETICS LLC BLDG 698 HERBERT HALL MILLS ROAD WEST POINT NY 10996 320434673 PROGRAM DESIGN & DEVELOPMENT NY 0 55211 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY MORAL FIGHTING FORCE LLC 4470 W SUNSET BOULEVARD STE 410 LOS ANGELES CA 90027 REAL ESTATE HOLDING CA 0 0 ASSOCIATION OF THE GRADUATES OF THE UNITED STATES MILITARY ACADEMY