2019-09-24T08:52:30-05:00 2018-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2018-01-01 840399006 THE ASPEN INSTITUTE INC ASPE 2027365800 2300 N STREET NW NO 700 WASHINGTON DC 20037 NAMITA KHASAT EVP FIN.& ADMIN./CFO/TREASURER 2027365800 2019-09-24 1 FRANK H SMITH P00639053 2022274000 47.19.127.190 2019-09-24 08:52:25 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 D0A660CE6712EE0CCB975CEA23282D1665B78CA0 2018 2019-02-21 02:37:17Z DANIEL R PORTERFIELD 2300 N STREET NW NO 700 WASHINGTON DC 20037 213187649 0 X WWW.ASPENINSTITUTE.ORG X 1949 CO THE ASPEN INSTITUTE IS A NONPARTISAN FORUM FOR VALUES-BASED LEADERSHIP AND EXCHANGE OF IDEAS. 82 81 682 90 10975638 0 92261254 94760517 36392294 38974610 341904 -35468 333734 433053 129329186 134132712 17059260 12117066 0 0 52723258 59399347 0 0 4068568 67213316 71584303 136995834 143100716 -7666648 -8968004 333208129 321124300 44332679 42363461 288875450 278760839 X THE ASPEN INSTITUTE IS A PEOPLE-SERVING ORGANIZATION THAT WORKS WITH PARTNERS ACROSS THE UNITED STATES AND AROUND THE WORLD TO BUILD A FREE, JUST, AND EQUITABLE SOCIETY. THE INSTITUTE CREATES POSITIVE CHANGE BY INSPIRING INCLUSIVE DIALOGUE AND EMPOWERING LEADERS TO SOLVE SOCIETY'S BIGGEST CHALLENGES. FOR NEARLY 70 YEARS, THE INSTITUTE HAS WORKED TO ADVANCE A MISSION TO CULTIVATE ASPIRATIONAL, VALUES-BASED LEADERS; CONVENE DIVERSE THINKERS AND DOERS AROUND CRITICAL QUESTIONS AND ISSUES; ELEVATE COMPELLING IDEAS AND WORKS OF ART, LITERATURE, AND CULTURE; AND NURTURE A STRONG CIVIL SOCIETY, ACCOUNTABLE INSTITUTIONS, AND EFFECTIVE PROBLEM-SOLVING. IT IS BASED IN WASHINGTON, DC WITH CAMPUSES AND OFFICES IN ASPEN, COLORADO (ITS ORIGINAL HOME), NEW YORK CITY, AND WYE RIVER IN MARYLAND. 0 0 67095234 11647066 10783490 POLICY PROGRAMS: THE INSTITUTE'S 32 POLICY PROGRAMS EXPLORE AND IDENTIFY SOLUTIONS FOR PROBLEMS RANGING FROM ECONOMIC DISTRESS TO EDUCATIONAL OPPORTUNITY, FROM CLIMATE CHANGE TO RACIAL DISPARITIES, IN AN EFFORT TO INFLUENCE LEGISLATORS AND OTHER DECISION-MAKERS AND ADVANCE THE BEST AND MOST INSPIRED PROPOSALS. OUR POLICY PROGRAMS RANGE IN SIZE FROM $100,000 TO $8 MILLION IN ANNUAL REVENUE AND EXPENSES. 16949805 9996387 CAMPUS ACTIVITIES: IN ADDITION TO ITS HEADQUARTERS IN WASHINGTON, DC, THE INSTITUTE ALSO CONDUCTS MUCH OF ITS WORK ON TWO CAMPUSES - IN ASPEN, COLORADO AND ON THE WYE RIVER, ON MARYLAND'S EASTERN SHORE. BOTH CAMPUSES PROVIDE NATURAL BEAUTY AND QUIET SURROUNDINGS WHICH ENCOURAGE THOUGHTFUL REFLECTION THAT REFRESHES MIND, BODY AND SPIRIT. 12494496 35000 14763214 PUBLIC PROGRAMS: THE INSTITUTE'S 15 PUBLIC PROGRAMS ARE DESIGNED TO FREELY DISSEMINATE THE ORGANIZATION'S IDEAS, AND TO PROVIDE THE PUBLIC WITH OPPORTUNITIES TO CONVENE INCLUSIVELY AND ENGAGE IN THOUGHTFUL, NONPARTISAN DIALOGUE. OUR MAJOR EVENTS INCLUDE THE ASPEN IDEAS FESTIVAL, SPOTLIGHT HEALTH, THE ASPEN SECURITY FORUM, AND THE ASPEN WORDS PROGRAM. THESE AND OUR OTHER PUBLIC FORUMS ENGAGE OVER 15,000 MEMBERS OF THE GENERAL PUBLIC ANNUALLY. 7766288 310000 1097498 LEADERSHIP NETWORK 3861471 125000 YOUTH AND ENGAGEMENT 2845132 1079076 OTHER RESTRICTED PROGRAMS 808348 1294161 SEMINARS 15281239 435000 3470735 111820774 1 1 0 1 0 0 1 1 0 1 1 1 0 0 1 1 1 0 0 0 1 1 1 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 775 0 1 682 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 82 81 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT FL GA IL KS KY ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ASPEN INSTITUTENAMITA KHASAT 2027362520 2300 N STREET NW NO 700 WASHINGTON DC 20037 JAMES SCHINE CROWN CHAIRMAN 0.30 X X 0 0 0 WILLIAM E MAYER CHAIRMAN EMERITUS 0.30 X X 0 0 0 MADELEINE K ALBRIGHT TRUSTEE 0.30 X 0 0 0 JEAN-LUC ALLAVENA TRUSTEE 0.30 X 0 0 0 PAUL F ANDERSON TRUSTEE 0.30 X 0 0 0 DONNA BARKSDALE TRUSTEE 0.30 X 0 0 0 MERCEDES BASS TRUSTEE 0.30 X 0 0 0 MIGUEL MIKE BEZOS TRUSTEE 0.30 X 0 0 0 RICHARD BRADDOCK TRUSTEE 0.30 X 0 0 0 BETH BROOKE-MARCINIAK TRUSTEE 0.30 X 0 0 0 WILLIAM D BUDINGER TRUSTEE 0.30 X 0 0 0 WILLIAM BYNUM TRUSTEE 0.30 X 0 0 0 STEPHEN L CARTER TRUSTEE 0.30 X 0 0 0 TROY CARTER TRUSTEE 0.30 X 0 0 0 CESAR R CONDE TRUSTEE 0.30 X 0 0 0 PENNY COULTER TRUSTEE 0.30 X 0 0 0 KATIE COURIC TRUSTEE 0.30 X 0 0 0 ANDREA CUNNINGHAM TRUSTEE 0.30 X 0 0 0 KENNETH L DAVIS MD TRUSTEE 0.30 X 0 0 0 JOHN DOERR TRUSTEE 0.30 X 0 0 0 THELMA DUGGIN TRUSTEE 0.30 X 0 0 0 ARNE DUNCAN TRUSTEE 0.30 X 0 0 0 MICHAEL D EISNER TRUSTEE 0.30 X 0 0 0 L BROOKS ENTWISTLE TRUSTEE 0.30 X 0 0 0 ALAN FLETCHER TRUSTEE 0.30 X 0 0 0 HENRIETTA HOLSMAN FORE TRUSTEE 0.30 X 0 0 0 ANN B FRIEDMAN TRUSTEE 0.30 X 0 0 0 JUAN RAMON DE LA FUENTE TRUSTEE 0.30 X 0 0 0 HENRY LOUIS GATES JR TRUSTEE 0.30 X 0 0 0 MIRCEA D GEOANA TRUSTEE 0.30 X 0 0 0 ANTONIO GRACIAS TRUSTEE 0.30 X 0 0 0 PATRICK W GROSS TRUSTEE 0.30 X 0 0 0 ARJUN GUPTA TRUSTEE 0.30 X 0 0 0 JANE HARMAN TRUSTEE 0.30 X 0 0 0 KAYA HENDERSON TRUSTEE 0.30 X 0 0 0 HAYNE HIPP TRUSTEE 0.30 X 0 0 0 IVAN HODAC TRUSTEE 0.30 X 0 0 0 MARK HOPLAMAZIAN TRUSTEE 0.30 X 0 0 0 GERALD D HOSIER TRUSTEE 0.30 X 0 0 0 ROBERT HURST TRUSTEE 0.30 X 0 0 0 NATALIE JARESKO TRUSTEE 0.30 X 0 0 0 SALMAN KHAN TRUSTEE 0.30 X 0 0 0 TEISUKE KITAYAMA TRUSTEE 0.30 X 0 0 0 MICHAEL KLEIN TRUSTEE 0.30 X 0 0 0 DAVID KOCH TRUSTEE 0.30 X 0 0 0 AMBASSADOR SATINDER K LAMBAH TRUSTEE 0.30 X 0 0 0 LAURA LAUDER TRUSTEE 0.30 X 0 0 0 YO-YO MA TRUSTEE 0.30 X 0 0 0 JAMES M MANYIKA TRUSTEE 0.30 X 0 0 0 WILLIAM E MAYER TRUSTEE 0.30 X 0 0 0 BONNIE PALMER MCCLOSKEY TRUSTEE 0.30 X 0 0 0 DAVID MCCORMICK TRUSTEE 0.30 X 0 0 0 ANNE WELSH MCNULTY TRUSTEE 0.30 X 0 0 0 DIANE L MORRIS TRUSTEE 0.30 X 0 0 0 KARLHEINZ MUHR TRUSTEE 0.30 X 0 0 0 CLARE MUNANA TRUSTEE 0.30 X 0 0 0 JERRY MURDOCK TRUSTEE 0.30 X 0 0 0 MARC NATHANSON TRUSTEE 0.30 X 0 0 0 WILLIAM A NITZE TRUSTEE 0.30 X 0 0 0 HER MAJESTY QUEEN NOOR TRUSTEE 0.30 X 0 0 0 JACQUELINE NOVOGRATZ TRUSTEE 0.30 X 0 0 0 OLARA A OTUNNU TRUSTEE 0.30 X 0 0 0 ELAINE PAGELS TRUSTEE 0.30 X 0 0 0 CARRIE WALTON PENNER TRUSTEE 0.30 X 0 0 0 MARGOT L PRITZKER TRUSTEE 0.30 X 0 0 0 PETER A REILING TRUSTEE 0.30 X 0 0 0 LYNDA RESNICK TRUSTEE 0.30 X 0 0 0 CONDOLEEZZA RICE TRUSTEE 0.30 X 0 0 0 JIM ROGERS TRUSTEE 0.30 X 0 0 0 RICARDO SALINAS TRUSTEE 0.30 X 0 0 0 LEWIS SANDERS TRUSTEE 0.30 X 0 0 0 ANNA DEAVERE SMITH TRUSTEE 0.30 X 0 0 0 MICHELLE SMITH TRUSTEE 0.30 X 0 0 0 JAVIER SOLANA TRUSTEE 0.30 X 0 0 0 ROBERT K STEEL TRUSTEE 0.30 X 0 0 0 SHASHI THAROOR TRUSTEE 0.30 X 0 0 0 LAURIE M TISCH TRUSTEE 0.30 X 0 0 0 GIULIO TREMONTI TRUSTEE 0.30 X 0 0 0 ECKART VON KLAEDEN TRUSTEE 0.30 X 0 0 0 RODERICK K VON LIPSEY TRUSTEE 0.30 X 0 0 0 VIN WEBER TRUSTEE 0.30 X 0 0 0 DANIEL PORTERFIELD PRESIDENT & CEO - AS OF 06/2018 40.00 X X 442351 0 20073 WALTER ISAACSON PRESIDENT & CEO - UNTIL 06/2018 20.00 X X 217190 0 19617 ELLIOT GERSON EXECUTIVE VP 40.00 X 409612 0 115058 ERIC MOTLEY EVP, CORP SECRETARY 40.00 X 426004 0 53549 NAMITA KHASAT CFO/CAO/TREASURER 40.00 X 384715 0 54313 RAJIV VINNAKOTA EXECUTIVE VP - UNTIL 08/2018 40.00 X 312599 0 42456 DAVID LANGSTAFF EXEC. VICE PRESIDENT 32.00 X 215458 0 26405 AMY DEMARIA EVP COMM./MRKTNG - AS OF 06/18 40.00 X 178510 0 6492 PETER REILING EXECUTIVE VP - UNTIL 04/2018 40.00 X 165346 0 28280 CHARLES FIRESTONE EXECUTIVE DIRECTOR 40.00 X 365041 0 66813 DAN GLICKMAN VICE PRESIDENT & EXECUTIVE DIRECTOR 40.00 X 340634 0 43859 MICKEY EDWARDS VICE PRESIDENT & PROGRAM DIRECTOR 40.00 X 339465 0 53533 MARGARET CLARK VP POLICY PROGRAMS 40.00 X 319683 0 64526 KATHERINE BOONE VP & PROGRAM DIRECTOR 40.00 X 307386 0 78975 4423994 0 673949 142 0 1 0 SHAW CONSTRUCTION LLC 300 KALAMATH STREET DENVER CO 80223 BUILDING RENOVATIONS 7201946 SAFEGUARD WORLD INT'L LTD FODEN BUS CTR MOSS LN 24/25 SANDBACH UK STAFFING AND PAYROLL SERVICES 1220103 COLORADO AUDIO VISUAL INC 409 AABC ASPEN CO 81611 AUDIO VISUAL SERVICES 1101941 MCKINSEY & COMPANY INC 251 LITTLE FALLS DRIVE WILMINGTON DE 19808 PROGRAM CONSULTING 835280 TRI-TECH COMMUNICATIONS INC 625 LOCUST STREET SUITE 600 GARDEN CITY NJ 11530 AUDIO VISUAL SERVICES 700880 15 1974447 4790500 87995570 6754371 94760517 CONTRACT REVENUE 900099 18001492 18001492 SEMINAR AND EVENT FEES 900099 11015799 11015799 CONF./FACILITY FEES 531390 9943333 9943333 BOOK SALES 900099 13986 13986 38974610 70334 779334 -709000 145584 99579 46005 46005 46005 78236525 78342327 -105802 -105802 -105802 131254 1974447 613031 -481777 -481777 OTHER INCOME 900099 443054 443054 ADVERTISING INCOME 541800 252971 252971 SUBLEASE INCOME 900099 172800 172800 868825 134132712 29031277 10975638 -634720 10124396 10124396 421100 421100 1571570 1571570 3081979 131360 2710844 239775 45372897 33189556 10310000 1873341 3731029 3295996 250146 184887 4177253 3694673 280947 201633 3036189 2576339 299626 160224 14949917 14949917 163546 163546 171020 171020 1084131 1084131 11026394 9752403 1273991 87423 73040 8369 6014 5249952 4320244 641742 287966 2641243 1150694 1290562 199987 5876990 3190353 2543392 143245 14506676 13103685 952263 450728 481812 481812 3182269 3154238 28031 1283 1283 3691581 3691581 389017 389017 REPAIRS AND MAINTENANCE 2181499 1654070 525911 1518 AUDIO/VISUAL 1968126 1452259 450356 65511 PUBLICATIONS 1606924 1524218 61420 21286 PARTNER REIMBURSEMENTS 1543428 1543428 781072 465423 83196 232453 143100716 111820774 27211374 4068568 2379 2324 4944620 7904527 45288286 34216522 6153822 15568800 109042 148115 1913560 1919126 115551396 49573814 62166500 65977582 33158991 26305789 175862442 165467450 3608487 3614065 333208129 321124300 16623759 12673023 6910597 4908602 6531509 5708367 14266814 19073469 44332679 42363461 X 100483643 109870989 129740987 109025842 58650820 59864008 288875450 278760839 333208129 321124300 X -8968004 -14713 -1131894 X 0 1 X 1 1 1 X 68633372 111928714 85321334 92261254 94760517 452905191 68633372 111928714 85321334 92261254 94760517 452905191 45938847 406966344 133656 894214 190413 759709 -390616 1587376 190216 395329 489228 434052 443054 1951879 456444446 129944984 0.89160 0.89370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2014 AMOUNT: $ 190,216. 2015 AMOUNT: $ 395,329. 2016 AMOUNT: $ 489,228. 2017 AMOUNT: $ 434,052. 2018 AMOUNT: $ 443,054. 0 1 0 0 0 0 1 1877 0 0 1877 0 PART II-B, LINE 1: ALLOCATED SALARY EXPENSE FROM COMMUNICATION WITH LEGISLATORS REGARDING PENDING LEGISLATION. X 2 263.88 2 1 900 1072980 X 0 119077203 3995266 -4694709 3279083 115098677 99879276 12665941 10999814 4467828 119077203 95232540 4756855 4078477 4188596 99879276 80203349 16298057 1451696 2720562 95232540 75351962 4417778 2668734 2235125 80203349 0.28780 0.51020 0.20200 0 0 10627664 10627664 78756973 36422406 42334567 9927593 782977 9144616 6004681 4947270 1057411 10234485 7421161 2813324 65977582 INVESTMENT CONTRACT 759159 F LIMITED PARTNERSHIPS 164708291 F 165467450 CAPITAL LEASE OBLIGATIONS 182173 DEFERRED COMPENSATION 4630776 DEFERRED RENT AND LEASE INCENTIVE 14260520 19073469 X 133870391 -14713 123913 109200 133761191 1084131 -712610 371521 134132712 142735002 123913 -118106 5807 142729195 1084131 -712610 371521 143100716 PART II, LINE 5: THE INSTITUTE CONTINUES TO COMPLY WITH TERMS OF CONTRACT GOVERNING THE CONSERVATION EASEMENT HELD, WHICH INCLUDES PROTECTION OF NATURAL HABITAT. PART II, LINE 9: THE INSTITUTE HOLDS A CONSERVATION EASEMENT ON THE BALANCE SHEET AND THE CONTRIBUTED PARCEL OF LAND WAS BOOKED AS REVENUE FOR THE YEAR IT WAS GIFTED. PART III, LINE 4: AT OUR ASPEN MEADOWS CAMPUS, ASPEN, COLORADO, WE HAVE A LARGE COLLECTION OF ART THAT IS ON DISPLAY BOTH IN GALLERIES AND PUBLIC SPACES. IT IS ENJOYED BY GUESTS WHO VISIT AND STAY AT OUR RESORT. THIS ART COLLECTION IS MADE UP OF PHOTOS FROM FRANZ BERKO, OFFICIAL PHOTOGRAPHER FOR THE INSTITUTE, AS WELL AS ART IN VARIOUS MEDIUMS BY HERBERT BAYER. BAYER WAS THE ARCHITECT FOR OUR CAMPUS, AND ALSO DESIGNED SEVERAL OF THE LAND FORMS THROUGHOUT OUR PROPERTY. ONE GALLERY ON PROPERTY IS DEDICATED SOLELY TO THE WORK OF BAYER. ALTHOUGH THE ARTWORK IS HELD ON THE BOOKS AT COST, IT HAS AN INSURED FAIR VALUE OF $3.1 MILLION. PART V, LINE 4: 4.5% OF A 12 QUARTER ROLLING AVERAGE OF THE FUNDS ARE USED TO FUND PROGRAMMATIC WORK OF THE INSTITUTE. PART X, LINE 2: MANAGEMENT OF THE INSTITUTE BELIEVES THAT IT HAS NO MATERIAL UNCERTAINTY IN INCOME TAXES AND, ACCORDINGLY, IT WILL NOT RECOGNIZE ANY LIABILITY FOR UNRECOGNIZED TAXES IN ITS FINANCIAL STATEMENTS. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -613,031. RENTAL EXPENSES -99,579. PART XII, LINE 2D - OTHER ADJUSTMENTS: RETURN OF GRANT FUNDS -118,106. PART XII, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES -613,031. RENTAL EXPENSES -99,579. 1 EUROPE 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 1904835 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 1052375 NORTH AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 655809 SOUTH AMERICA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 263851 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 42671 SOUTH ASIA 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 13748 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES AND GRANTS TO RECIPIENTS LOCATED IN REGION. GRANTS, MEETINGS AND PROGRAMMATIC ACTIVITIES. 10180 0 0 0 0 0 0 3943469 0 3943469 SUB-SAHARAN AFRICA SUPPORT CHAPTER OPERATIONS IN AFRICA 99382 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA STEVENS INITIATIVE CULTURAL EXCHANGE 100000 WIRE TRANSFER SOUTH AMERICA SUPPORT CHAPTER OPERATIONS IN BRAZIL 93113 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA STEVENS INITIATIVE CULTURAL EXCHANGE 108455 WIRE TRANSFER SOUTH AMERICA SUPPORT THE "IMPACT THESIS ON FINANCIAL SERVICES FOR THE BOP IN BRAZIL" PROPOSAL 50000 WIRE TRANSFER SOUTH AMERICA CHAPTER OPERATIONS SUPPORT 5752 WIRE TRANSFER SOUTH AMERICA CHAPTER OPERATIONS SUPPORT 40520 WIRE TRANSFER NORTH AMERICA SUPPORT CHAPTER OPERATIONS IN MEXICO 106729 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT THE "STRENGTHENING IMPACT MEASUREMENT IN EAST AFRICA" PROPOSAL 18000 WIRE TRANSFER NORTH AMERICA SUPPORT THE "NEW VENTURES INVESTMENTS" PROPOSAL 50000 WIRE TRANSFER NORTH AMERICA SUPPORT THE "EFFECTIVENESS OF EVALUATION METHODS IN SOCIAL ENTERPRISES IN SUB-SAHARAN AFRICA" PROPOSAL 30000 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT THE "MAPPING LANDSCAPE FOR IMPACT MEASUREMENT IN SOUTH AFRICA" PROPOSAL 39953 WIRE TRANSFER SUB-SAHARAN AFRICA SUPPORT CHAPTER OPERATIONS IN AFRICA 314364 WIRE TRANSFER MIDDLE EAST AND NORTH AFRICA STEVENS INITIATIVE CULTURAL EXCHANGE MENA 308118 WIRE TRANSFER EAST ASIA AND THE PACIFIC CHAPTER OPERATIONS SUPPORT 73000 WIRE TRANSFER EAST ASIA AND THE PACIFIC CHAPTER OPERATIONS SUPPORT 44735 WIRE TRANSFER SOUTH ASIA SUPPORT CHAPTER OPERATIONS IN INDIA 12339 WIRE TRANSFER NORTH AMERICA SUPPORT THE "SIMPLIFI: MOBILE RECORDKEEPING FOR SMALL & GROWING BUSINESSES" PROPOSAL 33410 WIRE TRANSFER 0 18 AWARDS MIDDLE EAST AND NORTH AFRICA 1 35000 WIRE HONORARIUM NORTH AMERICA 1 3750 WIRE AWARDS EAST ASIA AND THE PACIFIC 1 1500 WIRE AWARDS EUROPE (INCLUDING ICELAND & GREENLAND) 1 1500 WIRE SCHOLARSHIP SOUTH AMERICA 1 1200 WIRE HONORARIUM NORTH AMERICA 3 750 WIRE 1 0 0 0 0 0 PART I, LINE 2: THE INSTITUTE PERIODICALLY ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT THEY DO NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS, ENTITIES, OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY. ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF THE RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE IS NOTIFIED WHENEVER PROBLEMS, DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DEGREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. PARTICIPANTS ARE EXPECTED TO COMPLY WITH ALL RELEVANT U.S. LAWS. PRIOR TO ISSUING AWARDS TO FOREIGN ENTITIES, THE PROGRAMS ARE BEING ASKED TO COMPLETE A DUE DILIGENCE CHECKLIST, WHICH INCLUDES ADDITIONAL INFORMATION ABOUT THE SUB RECIPIENT INCLUDING: ANY REASONABLY AVAILABLE HISTORICAL INFORMATION ABOUT THE GRANTEE THAT ASSURES THE INSTITUTE OF THE GRANTEE'S IDENTITY AND INTEGRITY SUCH AS THE JURISDICTION IN WHICH A GRANTEE ORGANIZATION IS INCORPORATED OR FORMED; COPIES OF INCORPORATING OR OTHER GOVERNING INSTRUMENTS; INFORMATION ON THE INDIVIDUALS WHO FORMED AND OPERATE THE ORGANIZATION; AND INFORMATION RELATING TO THE GRANTEE'S OPERATING HISTORY; THE GRANTEE OR SERVICE PROVIDER'S NAME IN ENGLISH, AND THE LANGUAGE OF ORIGIN, AND ANY ACRONYM OR OTHER NAMES USED TO IDENTIFY THE GRANTEE; THE JURISDICTIONS IN WHICH A GRANTEE OR SERVICE PROVIDER MAINTAINS A PHYSICAL PRESENCE; THE GRANTEE OR SERVICE PROVIDER'S POSTAL, EMAIL AND WEBSITE ADDRESSES AND PHONE NUMBERS FOR EACH PLACE OF BUSINESS. THE INSTITUTE ALSO CONDUCTS A REASONABLE SEARCH OF PUBLICLY AVAILABLE INFORMATION TO DETERMINE WHETHER THE GRANTEE OR SERVICE PROVIDER IS SUSPECTED OF ACTIVITY RELATING TO TERRORISM, INCLUDING TERRORIST FINANCING OR OTHER SUPPORT. PART I, LINE 3: THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN EXPENDITURES. PART III, COL (C): THIS COLUMN REPRESENTS THE ACTUAL NUMBER OF RECIPIENTS, NOT THE ESTIMATED NUMBER OF RECIPIENTS. PART II, LINE 1 THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN GRANTS TO ORGANIZATIONS. PART III THE ACCRUAL METHOD OF ACCOUNTING WAS USED TO ACCOUNT FOR FOREIGN GRANTS TO INDIVIDUALS. ANNUAL AWARDS DINNER 1105200 1037450 67750 5650 4297 243042 SUMMER CELEBRATION 550338 542498 7840 11992 7679 171094 2 450163 394499 55664 3358 2779 163140 2105701 1974447 131254 21000 14755 577276 613031 -481777 1 EMORY UNIVERSITY 1599 CLIFTON ROAD NE 4TH FLOOR ATLANTA GA 30322 580566256 501(C)(3) 731996 TO SUPPORT GALI GLOBAL ACCELERATOR LEARNING INITIATIVE CAPITAL FOR GOOD USA 1536 E LANCASTER AVENUE PAOLI PA 19301 270915757 501(C)(3) 555556 COLLABORATE IN FINANCING ALLIANCE FOR HEALTH INITIATIVE ITHAKA HARBORS INC 2 RECTOR STREET NEW YORK NY 10006 133857105 501(C)(3) 476361 COLLABORATION IN THE AMERICAN TALENT INITIATIVE JOHNS HOPKINS UNIVERSITY 3400 N CHARLES STREET BALTIMORE MD 21218 520595110 501(C)(3) 349323 STEVENS INITIATIVE CULTURAL EXCHANGE THE WILLIAM DAVIDSON INSTITUTE AT THE UNIVERSITY OF MICHIGAN 724 E UNIVERSITY AVENUE ANN ARBOR MI 48109 383048086 501(C)(3) 342322 STEVENS INITIATIVE CULTURAL EXCHANGE BALL STATE UNIVERSITY 2000 UNIVERSITY AVENUE MUNCIE IN 47306 356000221 501(C)(3) 323124 STEVENS INITIATIVE CULTURAL EXCHANGE KARAM FOUNDATION NFP 230 NORTHGATE STREET SUITE 742 LAKE FOREST IL 60045 371548241 501(C)(3) 300415 STEVENS INITIATIVE CULTURAL EXCHANGE BUILD COMMONWEALTH INC 114 WESTERN AVENUE 2ND FLOOR ALLSTON MA 02134 043540147 501(C)(3) 275000 COLLABORATION ON EMPLOYEE HARDSHIP PROJECT INTERNATIONAL RESEARCH AND EXCHANGES BOARD INC 1275 K STREET NW SUITE 600 WASHINGTON DC 20005 223087809 501(C)(3) 256718 STEVENS INITIATIVE CULTURAL EXCHANGE YOUTHBUILD USA INC 58 DAY STREET SOMERVILLE MA 02144 223076454 501(C)(3) 250000 COLLABORATE LAUNCH OF GLOBAL OPPORTUNITY YOUTH INITIATIVE WGBH EDUCATIONAL FOUNDATION ONE GUEST STREET BOSTON MA 02135 042104397 501(C)(3) 223746 STEVENS INITIATIVE CULTURAL EXCHANGE EQUAL MEASURE 1528 WALNUT STREET SUITE 805 PHILADELPHIA PA 19102 232694572 501(C)(3) 210991 EVALUATION WORK ON COMMUNITY SOLUTIONS UNIVERSITY OF NEBRASKA-LINCOLN 401 CANFIELD ADMINISTRATION BUILDING PO BOX 880439 LINCOLN NE 68588 470049123 501(C)(3) 208619 STEVENS INITIATIVE CULTURAL EXCHANGE UNIVERSITY OF TEXAS AT AUSTIN 110 INNER CAMPUS DRIVE STOP K5300 AUSTIN TX 78712 746000203 501(C)(3) 200000 LEAD THE DESIGN AND IMPLEMENTATION OF ACTIVITIES OF THE MEMBERSHIP OF THE URBAN MATHEMATICS LEADERSHIP NETWORK GLOBAL NOMADS GROUP 132 NASSAU STREET SUITE 822 NEW YORK NY 10038 752750127 501(C)(3) 199856 STEVENS INITIATIVE CULTURAL EXCHANGE JOBS FOR THE FUTURE INC 88 BROAD STREET 8TH FLOOR BOSTON MA 02110 061164568 501(C)(3) 172000 SUPPORT PARTICIPATION OF GLOBAL OPPORTUNITY YOUTH FORUM GLOBAL DEVELOPMENT INCUBATOR INC 1634 I STREET NW SUITE 300 WASHINGTON DC 20006 141945286 501(C)(3) 150000 DEVELOPMENT OF GLOBAL OPPORTUNITY YOUTH INITIATIVE FSG INC 20 PARK PLAZA SUITE 320 BOSTON MA 02116 202776974 501(C)(3) 150000 PHILANTHROPIC FEASIBILITY IN AFCS VIRGINIA COMMUNITY COLLEGE SYSTEM 300 ARBORETUM PLACE SUITE 200 RICHMOND VA 23236 540759063 501(C)(3) 150000 COLLABORATION IN THE SCHEV TACKLING TRANSFER PROJECT CORPORATION FOR A SKILLED WORKFORCE 1100 VICTORS WAY SUITE 10 ANN ARBOR MI 48108 382991143 501(C)(3) 135617 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT SAN DIEGO WORKFORCE PARTNERSHIP INC 3910 UNIVERSITY AVENUE SUITE 400 SAN DIEGO CA 92105 330660504 501(C)(3) 134082 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT REGENTS OF THE UNIVERSITY OF CALIFORNIA 2150 SHATTUCK AVENUE SUITE 300 BERKELEY CA 94704 946002123 501(C)(3) 122659 STEVENS INITIATIVE CULTURAL EXCHANGE INSTITUTE OF INTERNATIONAL EDUCATION 809 UNITED NATIONS PLAZA NEW YORK NY 10017 131624046 501(C)(3) 119246 STEVENS INITIATIVE CULTURAL EXCHANGE PHILADELPHIA YOUTH NETWORK 400 MARKET STREET SUITE 200 PHILADELPHIA PA 19106 232993155 501(C)(3) 104300 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT CHICAGO WORKFORCE FUNDER ALLIANCE (CCF) 225 N MICHIGAN AVENUE SUITE 2200 CHICAGO IL 60601 363432023 501(C)(3) 100000 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT ALLEGHENY CONFERENCE ON COMMUNITY DEVELOPMENT 11 STANWIX STREET 17TH FLOOR PITTSBURGH PA 15222 250965213 501(C)(3) 89500 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT PACIFIC COMMUNITY VENTURES INC 51 FEDERAL STREET SUITE 100 SAN FRANCISCO CA 94107 770485877 501(C)(3) 75000 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT ARIZONA STATE UNIVERSITY PO BOX 876011 TEMPE AZ 85287 860196696 501(C)(3) 53512 STEVENS INITIATIVE CULTURAL EXCHANGE VILCAP INC 829 7TH STREET NW 2ND FLOOR WASHINGTON DC 20001 274059343 501(C)(3) 50000 SUPPORT THE "PATHWAYS TO SCALE FOR FINANCIAL INCLUSION IN LATIN AMERICA" PROPOSAL NATAKALLAM LLC 2 COLUMBUS AVENUE APARTMENT 24A NEW YORK NY 10023 455372578 501(C)(3) 47500 ASSIST IN SYRIAN REFUGEES LIVELIHOOD PROGRAM PARTNERS IN FOOD SOLUTIONS 201 GENERAL MILLS BLVD BC 140 MINNEAPOLIS MN 55426 275097190 501(C)(3) 30000 SUPPORT THE "FROM MEASUREMENT TO MANAGEMENT" PROPOSAL CAPITALPLUS EXCHANGE CORPORATION 8001 LINCOLN AVENUE SUITE 202 SKOKIE IL 60077 300199985 501(C)(3) 30000 SUPPORT THE "EMBEDDING IMPACT MEASUREMENT IN FINANCIAL SERVICES" PROPOSAL CENTER FOR THE FUTURE OF ARIZONA 541 E VAN BUREN SUITE B5 PHOENIX AZ 85004 820538372 501(C)(3) 25000 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM REIMAGINE RETAIL PROJECT SISTER CITIES INTERNATIONAL INC 915 15TH STREET NW 4TH FLOOR WASHINGTON DC 20005 520859021 501(C)(3) 22799 STEVENS INITIATIVE CULTURAL EXCHANGE PORTLAND STATE UNIVERSITY PO BOX 751-SPA PORTLAND OR 97207 364776757 501(C)(3) 22461 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM CWFA REGIONAL MANUFACTURING PROJECT NORTHWESTERN UNIVERSITY 750 N LAKE SHORE DRIVE 7TH FLOOR CHICAGO IL 60611 362167817 501(C)(3) 21827 STEAMUSEUM PROJECT UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL 104 AIRPORT DRIVE BOX 1220 CHAPEL HILL NC 27599 566001393 501(C)(3) 20216 COLLABORATION ON ECONOMIC OPPORTUNITIES PROGRAM CWFA REGIONAL MANUFACTURING PROJECT ACUMEN FUND INC 40 WORTH STREET SUITE 303 NEW YORK NY 10013 134166228 501(C)(3) 20000 SUPPORT THE "STRENGTHENING IMPACT MEASUREMENT IN EAST AFRICA" PROPOSAL CENTRAL NEW MEXICO COMMUNITY COLLEGE FOUNDATION INC 525 BUENA VISTA SE ALBUQUERQUE NM 87106 850338623 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT THE FAMILY PARTNERSHIP 414 8TH STREET S MINNEAPOLIS MN 55404 410693858 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT SUNRISE OPPORTUNITIES 26 HADLEY LAKE ROAD MACHIAS ME 04654 010407276 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT UNITED WAY OF GREATER CINCINNATI 2400 READING ROAD CINCINNATI OH 45202 310537502 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT SPRINGBOARD TO OPPORTUNITIES 3000 OLD CANTON ROAD SUITE 470 JACKSON MS 39216 461917760 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT UTEC INC 15 WARREN STREET SUITE 3 LOWELL MA 01852 383669532 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT WASHINGTON STATE BUDGET AND POLICY CENTER 1402 3RD AVENUE SUITE 1215 SEATTLE WA 98101 721612982 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT WEST MICHIGAN CENTER FOR ARTS AND TECHNOLOGY 98 E FULTON STREET SUITE 202 GRAND RAPIDS MI 49503 743120354 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT ALL OUR KIN INC 414A CHAPEL STREET SUITE 100 NEW HAVEN CT 06511 061539280 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT YALE UNIVERSITY 2 WHITNEY AVENUE 6TH FLOOR NEW HAVEN CT 06510 060646973 501(C)(3) 10000 PARTICIPATION IN ASPEN FAMILY PROSPERITY FUND COHORT 48 0 HONORARIA 124 324250 EVENT PARTICIPATION STIPEND 16 75950 AWARDS 45 20900 PART I, LINE 2: THE INSTITUTE PERIODICALLY ENGAGES OTHER ENTITIES TO FURTHER THE OBJECTIVES SET FORTH IN OUR GRANT AGREEMENTS. THIS IS TYPICALLY DONE VIA SUB-AWARDS OR RE-GRANTS THAT RUN CONCURRENTLY WITH THE PRIME AWARD IN WHICH THE SUB RECIPIENTS ARE ADVISED OF ALL APPLICABLE LAWS AND REGULATIONS, AND ALL APPROPRIATE FLOW-DOWN PROVISIONS FROM THE PRIME AGREEMENT. ALL SUB GRANTEES OR SERVICE PROVIDERS MUST ALSO CERTIFY THAT IT DOES NOT AND WILL NOT KNOWINGLY PROVIDE MATERIAL SUPPORT OR RESOURCES TO ANY INDIVIDUAL OR ENTITY INVOLVED WITH TERRORISM (INCLUDING ANY INDIVIDUALS ENTITIES OR GROUPS SUBJECT TO OFAC SANCTIONS) OR TO ANYONE WHO ACTS AS AN AGENT FOR SUCH AN INDIVIDUAL OR ENTITY, ANY VIOLATION OF THIS CERTIFICATION MUST BE GROUNDS FOR IMMEDIATE TERMINATION OF THE LETTER OF AGREEMENT AND RETURN OF ALL GRANT FUNDS. THE FREQUENCY AND SCOPE OF RESEARCH PROGRAM'S MONITORING PROCEDURES ARE DETERMINED JOINTLY BY THE RESPONSIBLE PROGRAM MANAGER AND RESPECTIVE GRANT ADMINISTRATOR/FINANCIAL ANALYST. THIS INCLUDES THE ROUTINE RECEIPT AND REVIEW OF THE NARRATIVE AND FINANCIAL REPORTS, A REVIEW OF EXPENSES TO BUDGET, THE OPTION TO PERFORM AUDITS, AND ALLOWS FOR THE PERFORMANCE OF SITE VISITS IF NECESSARY. THE INSTITUTE IS NOTIFIED WHENEVER PROBLEMS DELAYS OR OTHER CONDITIONS DEVELOP WHICH WOULD HAVE SIGNIFICANT IMPACT UPON THE PROJECT. BUDGET REVISIONS ARE ALLOWED WITHIN THE PARAMETERS SET FORTH IN EACH SUB AWARD. THE PAYMENT SCHEDULE AND THE DEGREE OF FLEXIBILITY OFFERED MAY DEPEND ON PREVIOUS EXPERIENCE WITH THE RECIPIENT, THE DEGREE OF EXTERNAL OVERSIGHT BY OTHER PARTIES, AND THE SOPHISTICATION OF THE RECIPIENT'S ADMINISTRATIVE SYSTEMS. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 DANIEL PORTERFIELD PRESIDENT & CEO - AS OF 06/2018 318231 0 84300 0 39820 0 0 0 20073 0 462424 0 0 0 WALTER ISAACSON PRESIDENT & CEO - UNTIL 06/2018 214289 0 0 0 2901 0 19038 0 579 0 236807 0 0 0 ELLIOT GERSON EXECUTIVE VP 402754 0 0 0 6858 0 77300 0 37758 0 524670 0 0 0 ERIC MOTLEY EVP, CORP SECRETARY 365194 0 60000 0 810 0 41250 0 12299 0 479553 0 0 0 NAMITA KHASAT CFO/CAO/TREASURER 382393 0 0 0 2322 0 28769 0 25544 0 439028 0 0 0 RAJIV VINNAKOTA EXECUTIVE VP - UNTIL 08/2018 210383 0 0 0 102216 0 17321 0 25135 0 355055 0 0 0 DAVID LANGSTAFF EXEC. VICE PRESIDENT 212991 0 0 0 2467 0 0 0 26405 0 241863 0 0 0 AMY DEMARIA EVP COMM./MRKTNG - AS OF 06/18 177985 0 0 0 525 0 0 0 6492 0 185002 0 0 0 PETER REILING EXECUTIVE VP - UNTIL 04/2018 148845 0 0 0 16501 0 15711 0 12569 0 193626 0 0 0 CHARLES FIRESTONE EXECUTIVE DIRECTOR 353917 0 0 0 11124 0 41250 0 25563 0 431854 0 0 0 DAN GLICKMAN VICE PRESIDENT & EXECUTIVE DIRECTOR 324454 0 0 0 16180 0 41250 0 2609 0 384493 0 0 0 MICKEY EDWARDS VICE PRESIDENT & PROGRAM DIRECTOR 336613 0 0 0 2852 0 41250 0 12283 0 392998 0 0 0 MARGARET CLARK VP POLICY PROGRAMS 316119 0 0 0 3564 0 41250 0 23276 0 384209 0 0 0 KATHERINE BOONE VP & PROGRAM DIRECTOR 303822 0 0 0 3564 0 41250 0 37725 0 386361 0 0 0 PART I, LINE 1A THE ASPEN INSTITUTE FOLLOWS A POLICY GOVERNING EXPENSE REIMBURSEMENT AND COMPLIES WITH TRAVEL GUIDELINES APPLICABLE TO ALL EMPLOYEES. PART I, LINE 4A DURING THE YEAR ENDED DECEMBER 31, 2018, RAJIV VINNAKOTA, EXECUTIVE VP, RECEIVED A SEVERANCE PAYMENT OF $86,145. X 1767 FMV X 36 6695054 FMV X TRAVEL VOUCH. 2 54150 FMV X FIXTURES 1 2500 FMV X TEA SET 1 900 FMV 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF ACTUAL CONTRIBUTIONS, NOT THE NUMBERS OF ITEMS CONTRIBUTED. PART I, LINE 32B: THE INSTITUTE HAS A WRITTEN GIFT ACCEPTANCE POLICY. IF A DONOR WANTS TO GIVE A GIFT OUTSIDE OF THAT POLICY, IT WILL BE REVIEWED BY SENIOR MANAGEMENT AND, IF NECESSARY, REFERRED TO THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 OF THE INSTITUTE IS PREPARED BY AN EXTERNAL ACCOUNTING FIRM USING INFORMATION OBTAINED FROM INSTITUTE'S STAFF. ONCE THE INITIAL DRAFT IS PREPARED, IT IS REVIEWED BY SR. FINANCE/ACCOUNTING STAFF. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE SECOND DRAFT FORM 990 IS REVIEWED BY AN APPOINTED MEMBER OF THE AUDIT COMMITTEE ALONG WITH THE EVP FINANCE & ADMINISTRATION AND VP OF FINANCE. IF NECESSARY, CHANGES ARE MADE AND ANOTHER DRAFT IS ISSUED. THE FINAL DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE AUDIT COMMITTEE. ONCE APPROVED, COPIES ARE THEN DISTRIBUTED TO ALL BOARD MEMBERS BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL ASPEN INSTITUTE TRUSTEES AND EMPLOYEES ARE REQUIRED ANNUALLY TO COMPLETE AND SIGN A DISCLOSURE AND ACKNOWLEDGEMENT FORM RELATED TO THE INSTITUTE'S CONFLICT OF INTEREST POLICY. SPECIFICALLY, ALL TRUSTEES AND EMPLOYEES ARE REQUIRED TO ACKNOWLEDGE THAT THEY HAVE READ, UNDERSTOOD, AND ARE COMMITTED TO ABIDING BY THE INSTITUTE'S CONFLICT OF INTEREST POLICY, AND TO MAKE CERTAIN DISCLOSURES ABOUT THEIR ACTIVITIES OUTSIDE OF WORK AND FINANCES TO HELP IDENTIFY POSSIBLE CONFLICTS OF INTEREST. ALL EMPLOYEE FORMS ARE SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT, WHICH REVIEWS THEM AND HAS DISCRETION, IN COORDINATION WITH THE GENERAL COUNSEL AND SENIOR MANAGEMENT, TO MAKE RECOMMENDATIONS OR RAISE CONCERNS WITH AFFECTED INDIVIDUALS AS APPROPRIATE. ALL TRUSTEE FORMS ARE SUBMITTED TO THE OFFICE OF THE CORPORATE SECRETARY, WHICH REVIEWS THEM ALONG WITH THE GENERAL COUNSEL. MAJOR CONFLICT OF INTEREST ISSUES INVOLVING TRUSTEES AND/OR SENIOR MANAGEMENT ARE REFERRED TO THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES FOR RESOLUTION. THE CORPORATE SECRETARY, GENERAL COUNSEL AND SENIOR MANAGEMENT REGULARLY CONFER WITH THE CHAIR OF THE AUDIT COMMITTEE REGARDING THE INSTITUTE'S CONFLICT OF INTEREST POLICY AND ANY CONFLICT OF INTEREST ISSUES. FORM 990, PART VI, SECTION B, LINE 15 THE INSTITUTE CONTRACTS WITH AN EXTERNAL COMPENSATION FIRM TO PERFORM A MARKET ANALYSIS TO SET THE SALARY RANGES FOR ALL OF OUR POSITIONS ANNUALLY. THE COMPENSATION FIRM ANALYZES SALARIES FROM LIKE ORGANIZATIONS TO DETERMINE THE APPROPRIATE SALARY RANGE FOR EACH POSITION IN THE INSTITUTE. THE INSTITUTE'S COMPENSATION PHILOSOPHY IS THAT WE GENERALLY TARGET THE 50TH PERCENTILE OF THE MARKET FOR OUR POSITIONS. IN ADDITION TO THE ANNUAL MARKET ANALYSIS FOR ALL POSITIONS, WE CONTRACT WITH AN EXTERNAL COMPENSATION CONSULTANT BI-ANNUALLY TO CONDUCT AN IN-DEPTH ANALYSIS FOR OUR PRESIDENT/CEO AND EACH OF OUR EXECUTIVE OFFICERS. EACH EXECUTIVE'S TOTAL COMPENSATION IS BENCHMARKED AGAINST SIMILAR POSITIONS IN COMPARABLE ORGANIZATIONS IN LABOR MARKETS IN WHICH THE INSTITUTE COMPETES FOR EXECUTIVE TALENT. THE RECOMMENDATIONS OF THE CONSULTANT ARE PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD FOR THEIR REVIEW AND ENDORSEMENT. THE PRESIDENT/CEO'S SALARY IS THEN PRESENTED TO THE FULL BOARD FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FEDERAL FORM 1023 ARE MADE AVAILABLE UPON REQUEST. THE FEDERAL FORM 990 AND THE AUDITED FINANCIAL STATEMENTS ARE MADE PUBLIC ON THE INSTITUTE'S WEBSITE. FORM 990, PART XI, LINE 9: RETURN OF GRANT FUNDS 118,106. CHANGE IN DONOR INTENT -1,250,000.