2025-02-17T07:33:41-06:00 2024-03-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2023-04-01 237208840 GFOA Endowment Corporation GFOA 3129779700 203 N LaSalle St Suite 2700 Chicago IL 606011216 Christopher P Morrill Executive Director/CEO 3129779700 2025-02-07 1 1 Ariel Garcia P02244437 3126343400 2025-02-07 2023 2025-03-06 01:10:19Z Christopher P Morrill 203 N LaSalle St Suite 2700 Chicago IL 606011216 2585789 0 X N/A X 1971 IL The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association. 18 18 0 18 0 0 0 0 0 0 566655 986689 0 0 566655 986689 467454 309917 0 0 0 0 0 0 0 15728 12168 483182 322085 83473 664604 30771656 36716386 0 0 30771656 36716386 X The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association. 0 0 309917 309917 0 The purpose of the GFOA Endowment Corporation is to operate as a supporting organization described under Section 509(a)(3) of the Internal Revenue Code exclusively for the benefit of, to perform the functions of, or to carry out the purpose of the Government Finance Officers Association. 309917 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Sarah Lombardi 3129779700 203 N LaSalle St Suite 2700 Chicago IL 606011216 Laura Allen President 0.10 4.50 X X 0 0 0 Tanya Garost President-Elect 0.10 1.25 X X 0 0 0 Terri Velasquez Past President 0.10 1.25 X X 0 0 0 Michael A Bryant Past President until 6/13/2023 0.10 1.25 X X 0 0 0 Sonia Andrews Board Member 0.10 0.50 X 0 0 0 Lunda Asmani Board Member 0.10 0.50 X 0 0 0 Laurie M Brewer Board Member until 6/13/2023 0.10 0.50 X 0 0 0 Jennifer Brown Board Member 0.10 0.50 X 0 0 0 Veronica Carrillo Board Member 0.10 0.50 X 0 0 0 Timothy Ewell Board Member as of 6/13/2023 0.10 0.50 X 0 0 0 Bruce Fisher Board Member 0.10 0.50 X 0 0 0 Jason Greene Board Member 0.10 0.50 X 0 0 0 Edward Gin Board Member as of 6/13/2023 0.10 0.50 X 0 0 0 Anne Harty Board Member 0.10 0.50 X 0 0 0 Rafiu O Ighile Board Member until 6/13/2023 0.10 0.50 X 0 0 0 Susan Iverson Board Member 0.10 0.50 X 0 0 0 Brandon Kauffman Board Member until 6/13/2023 0.10 0.50 X 0 0 0 Grace Martinez Board Member 0.10 0.50 X 0 0 0 Margaret Moggia Board Member until 6/13/2023 0.10 0.50 X 0 0 0 Kendel Taylor Board Member 0.10 0.50 X 0 0 0 Debra Roberts Board Member as of 6/13/2023 0.10 0.50 X 0 0 0 David Schmiedicke Board Member as of 6/13/2023 0.10 0.50 X 0 0 0 Diane Waldron Board Member as of 6/13/2023 0.10 0.50 X 0 0 0 Christopher P Morrill Executive Director, CEO 0.10 40.00 X 0 433400 80037 Sarah Lombardi Director of Finance 0.10 40.00 X 0 216294 38766 0 649694 118803 0 0 1 0 0 670473 670473 1915316 1599100 316216 316216 316216 986689 0 0 986689 309917 309917 12153 12153 15 15 322085 309917 12168 0 28228 100720 30671294 36297606 72134 318060 30771656 36716386 0 0 X 30771656 36716386 30771656 36716386 30771656 36716386 664604 5280126 0 X 0 1 X 1 0 X X 1 Goverment Finance Officers Association 362167796 10 1 309917 0 1 309917 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X Part X, Line 2: The GFOA and Endowment Corporation are both tax-exempt organizations as permitted under Section 501(c)(3) of the Internal Revenue code. The accounting standard on accounting for uncertainty in income taxes addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the financial statements. Under this guidance, the GFOA and the Endowment Corporation may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. Examples of tax positions include the tax-exempt status of GFOA or the Endowment Corporation and various positions related to the potential sources of unrelated business income (UBIT). The tax benefits recognized in the financial statements form such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the reported period presented in these financial statements. 1 Government Finance Officers Association 203 N LaSalle Street Suite 2700 Chicago IL 60601 362167796 501(c)(3) 309917 0 General Support 1 0 Part I, Line 2: The contributions must be used exclusively for the benefit of, to perform the functions of, or to carry out the purposes of the Government Finance Officers Association (GFOA). 0 0 0 0 0 0 0 0 0 Christopher P Morrill Executive Director, CEO 0 428888 0 1500 0 3012 0 50746 0 29291 0 513437 0 0 Sarah Lombardi Director of Finance 0 214595 0 1500 0 199 0 27720 0 11046 0 255060 0 0 Part I, Line 3 Compensation was established and paid by Government Finance Officers Association ("GFOA"), a related organization. GFOA used the following to establish the CEO's compensation: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee Form 990, Part VI, Section B, line 11b The Organization retains the services of an independent CPA firm to prepare the Organization's 990. Management reviews the completed Form 990 draft. Once a draft of the 990 has been completed, the 990 is distributed to all finance committee and board of director members of the Organization via a secure website. The board members are then able to review the 990 draft and respond with questions, concerns, or comments. At the end of the review period, including any time needed to address questions and comments, the 990 is finalized and filed with the IRS. Form 990, Part VI, Section B, line 12c Each year, all members of the board of directors and staff are required to read and sign the conflict-of-interest policy. This statement requires certification that they "are not aware of any matter in which I am personally involved that may present an actual or potential conflict of interest." If any potential or actual conflict of interest arises during the year, they agree to immediately disclose the conflict and if appropriate remove themselves from discussion, vote and/or further service. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy are available upon request. Audited financial statements are available to the public on GFOA'S website (WWW.GFOA.ORG) and upon request. Government Finance Officers Assn of the United States & Canada 203 N LaSalle Street Suite 2700 Chicago IL 60601 362167796 Educational IL 501(c)(3) Line 10 N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Government Finance Officers Association B 309917 Cash Value