2017-08-23T15:42:21-05:00 2016-12-31 390859910 Baker Tilly Virchow Krause LLP 1650 Market Street Suite 4500 Philadelphia PA 191037341 990 2016-01-01 141260763 Association of the Graduates of the United States Military Academy ASSO 8454461500 Bldg 698 Herbert Hall Mills Rd West Point NY 10996 John Franzino VP/CFO 8454461500 2017-08-22 1 Julius C Green CPA P00350393 2159720701 96.89.178.154 2017-08-22 16:49:13 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 9D0D8DD59390B7764A3ECE0F40BBFE3618018605 2016 2021-01-29 14:40:06Z West Point Assoc of Graduates TODD A BROWNE Bldg 698 Herbert Hall Mills Rd West Point NY 10996 186921347 0 X www.westpointaog.org X 1869 NY Furthering the ideals and welfare of the USMA and supporting and serving its graduates. 17 17 126 70 363378 175348 37668915 39550040 2644213 1283372 6843241 6464808 1468880 1504280 48625249 48802500 23236578 42158662 0 0 8583217 9007145 511484 270000 7074717 6070912 4919431 38402191 56355238 10223058 -7552738 375310970 390819768 25306579 36620885 350004391 354198883 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 42332392 42158662 Educational and Historical: Provides, to the United States Military Academy, private financial support from individuals, foundations and corporations for the "Margin of Excellence". The Margin of Excellence provides an array of diverse opportunities that add richness to the cadet experience and better prepares them to be the broad-minded, ethical leaders upon whom we all depend. Educational and Historical also comprises activities for the dissemination of information on the history, objectives and methods of the United States Military Academy to include the encouragement of the study of military science and leadership and to enhance its image. Also includes construction and maintenance services for state-of-the-art facilities to support cadet athletics and clubs and enhance the national landmark. 2120222 0 1934742 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. 1129740 0 232439 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. 45582354 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 53 0 1 126 1 1 1 0 0 0 0 1 1 0 0 0 0 X 17 17 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 MT NE NV NH NJ NM NY NC ND OH OR PA RI SC SD TN TX UT VT VI WV WI WY X X X John Franzino VPCFO 8454461500 Building 698 Herbert Hall Mills Rd West Point NY 10996 Larry R Jordan CHAIRman 12.00 X X 0 0 0 Ellen W Houlihan VICE Chairman 12.00 X X 0 0 0 Stanley J Shipley Director 7.00 X 0 0 0 JEFFREY A SORENSON director 7.00 X 0 0 0 CLYDE A SELLECK director 7.00 X 0 0 0 Darcy G Anderson 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 Joseph E DeFrancisco Director 7.00 X 0 0 0 George H Gilmore Jr Director 7.00 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 Robert L McClure President & CEO (Until 6/30/16) 40.00 X 248995 0 10993 TODD BROWNE VP/COO - PRESIDENT/CEO (AS OF 7/1/16) 40.00 X 244667 0 20075 Darwin Haines Vice President & COO (AS OF 12/5/16) 40.00 X 7703 0 0 Carl Moccia Vice President & CFO 40.00 X 197380 0 27809 James Johnston Corporate Secretary 40.00 X 140112 0 11515 Kristin Sorenson Vice President of Development 40.00 X 216818 0 24805 Eugene Corrigan President/COO WP Athletics LLC 40.00 X 300000 0 0 Michael White Major Gift Officer 40.00 X 144848 0 23093 Richard Huh Vice President, Alumni Support 40.00 X 126829 0 23261 Elizabeth A Barrett Vice President of Communications 40.00 X 121673 0 8744 Lisa Benitez Senior Director Annual Giving 40.00 X 120204 0 11859 1869229 0 162154 16 0 1 0 The Pike Company One Circle Street Rochester NY 14607 Construction 8110991 Consigli Construction NY LLC 199 West Road Suite 100 Pleasant Valley NY 12569 Construction 3001757 Steve Feldman Design LLC 4915 St Elmo Ave Suite 304 Bethesda MD 20814 Design Development 799503 Whispering Pines Development Corp PO Box 716 Vails Gate NY 12584 Construction 774378 Blackbaud Inc PO Box 930256 Atlanta GA 31193 Software Implementation, consulting 475092 23 39550040 6502950 39550040 alumni services 561520 585531 559726 25805 publication sales 511190 232439 101713 130726 Alumni Events 900099 192013 192013 Credit Card Processing 900099 190889 190889 Sponsorships 900099 82500 82500 1283372 4196312 206847 3989465 620472 620472 139410914 137142418 2268496 2268496 2268496 1860237 976429 883808 883808 48802500 2010649 363378 6878433 41397002 41397002 658177 658177 103483 103483 1166125 650476 515649 6407603 1778228 1242128 3387247 305090 77791 72655 154644 526163 136241 92644 297278 602164 158648 157049 286467 10300 10300 86420 67629 18791 49020 49020 270000 270000 240744 240744 280783 20825 175297 84661 6753 3085 375 3293 1171155 411540 155139 604476 511818 72523 356548 82747 104387 20509 83878 114439 27447 86992 1024272 214356 118078 691838 549052 549052 63576 63576 Donor cultivation 399831 3069 32196 364566 manufacturing & distrib 137226 137226 Reimbursed costs 71400 71400 STATE UNRELATED BUSINES 250 250 98005 290804 -495559 302760 56355238 45582354 3698167 7074717 7412821 5173882 22519737 20160863 19833 24963 387857 406660 184366 97422 13121240 5911940 7247946 7209300 257893378 284039885 52514098 52765298 27130934 20941495 375310970 390819768 1892719 2523542 12729369 22464156 3417416 4202024 7267075 7431163 25306579 36620885 X 29451514 36158947 164452161 147520914 156100716 170519022 350004391 354198883 375310970 390819768 X -7552738 10645983 1101247 X 0 1 X 1 0 X 47719258 42981943 40673658 37668915 39550040 208593814 47719258 42981943 40673658 37668915 39550040 208593814 9988702 198605112 3372319 3287146 3447104 5246190 4609937 19962696 293203 111870 174160 579233 229135743 16759664 0.86680 0.86850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 207742285 8311499 10353793 4976656 -5474254 2500 226902675 198523726 11324199 -2364732 4289226 -4550818 2500 207742285 184055446 10219112 7477810 4369057 -1142915 2500 198523726 146017738 8428890 26860015 4028408 -6779711 2500 184055446 122298344 6263976 12894906 2459271 -7022283 2500 146017738 0.04590 0.75150 0.20260 0 0 11273612 5356170 5917442 956851 248452 708399 890777 307318 583459 7209300 48161343 F Other InvestmentS 4603955 F 52765298 Split interest trusts 20941495 20941495 Deferred compensation 615603 Remainder trusts 4345997 Due to classes 2469563 7431163 X 59977321 10645983 -240744 10405239 49572082 -769582 -769582 48802500 55782829 -331665 -331665 56114494 240744 240744 56355238 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 Internal Revenue Code. In both 2016 and 2015, however, unrelated business income (net of applicable expenses) resulted in no material tax expense. The Association believes that there are no other 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 is currently under examination by the Internal Revenue Service ("IRS") or state authorities. Part XI, Line 2d - Other Adjustments: Investment fees -240,744. Part XI, Line 4b - Other Adjustments: costs of goods sold -976,429. UBI Gain from Partnership Investments 206,847. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 976,429. recovery of uncollectible pledges -1,308,094. Part XII, Line 4b - Other Adjustments: Investment fees 240,744. 1 Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Investments 33606650 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, Program services Scholarship 45276 Europe (Including Iceland & Greenland) Program services Scholarship 54187 Middle East and North Africa Program services Scholarship 4020 0 0 0 0 0 0 33710133 0 33710133 Scholarship East Asia and the Pacific 1 45276 Wire transfer N/A N/A Scholarship Europe (Including Iceland & Greenland) 2 54187 Wire transfer N/A N/A Scholarship Middle East and North Africa 1 4020 Check N/A N/A 1 0 0 0 0 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 combating 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. X X X X X 1 Advantage Plus Consulting 6280 S VALLEY VIEW BLVD SUITE 732 LAS VEGAS NV 89118 Phone & mail 0 1582594 270000 1312594 1582594 270000 1312594 AL AK CA CO HI IL KS KY ME MD MA MI MN MS NH NJ NM NY ND OH OK OR PA RI SC TN UT VA WA WV FL CT GA WI AZ AR DE NE ID IN IA MT SD TX VT WY NV LA MO NC 1 United States Military Academy West Point West Point NY 10996 141364902 65326 Memorial Projects United States Military Academy West Point West Point NY 10996 141364902 39441 USMA Misc United States Military Academy West Point West Point NY 10996 141364902 6205442 100942 Cost Travel & Entertainment Cadet Education United States Military Academy West Point West Point NY 10996 141364902 3000 FMV Art - Stained Glass window & Photos Cadet Education United States Military Academy West Point West Point NY 10996 141364902 4600 Cost Equipment - Engines, maps Cadet Education United States Military Academy West Point West Point NY 10996 141364902 58000 Cost Technology - Websites Cadet Education United States Military Academy West Point West Point NY 10996 141364902 8440284 1100 FMV Magazine Collection Cadet Activites United States Military Academy West Point West Point NY 10996 141364902 3150 Cost Technology - LED TV's & iPads Cadet Activites United States Military Academy West Point West Point NY 10996 141364902 10825 Cost Training pistols, mats, annotation system Cadet Activites United States Military Academy West Point West Point NY 10996 141364902 51350 Cost Travel & Entertainment Cadet Activites United States Military Academy West Point West Point NY 10996 141364902 1980 Cost Misc - Trophy, A/V repair Cadet Activites United States Military Academy West Point West Point NY 10996 141364902 25863759 47703 Cost Training - Fitness Equip Cadet Facilities United States Military Academy West Point West Point NY 10996 141364902 100 FMV Art - Photos Cadet Faclities Army West Point Athletic Association Inc 639 HOWARD ROAD WEST POINT NY 10996 474457035 501(c)(3) 500000 Cadet Activites 2 0 SCHOLARSHIPS 52 658177 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 COMBATING 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 X 0 0 0 0 0 0 0 1 0 Robert L McClure President & CEO (Until 6/30/16) 148995 0 100000 0 0 0 10630 0 363 0 259988 0 0 0 TODD BROWNE VP/COO - PRESIDENT/CEO (AS OF 7/1/16 238667 0 6000 0 0 0 18102 0 1973 0 264742 0 0 0 Carl Moccia Vice President & CFO 191380 0 6000 0 0 0 15099 0 12710 0 225189 0 0 0 James Johnston Corporate Secretary 136612 0 3500 0 0 0 10231 0 1284 0 151627 0 0 0 Kristin Sorenson Vice President of Development 206818 0 10000 0 0 0 6505 0 18300 0 241623 0 0 0 Eugene Corrigan President/COO WP Athletics LLC 200000 0 100000 0 0 0 0 0 0 0 300000 0 0 0 Michael White Major Gift Officer 140598 0 4250 0 0 0 10383 0 12710 0 167941 0 0 0 Richard Huh Vice President, Alumni Support 124329 0 2500 0 0 0 6097 0 17164 0 150090 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 3 3100 Value of comparable art X 1100 cost of comparable items X 102 6218201 NYSE VALUE X TRAVEL/ENTER. 15 153140 cost X training items 9 63129 est. purchase price X Technology 13 61150 COST X MISC 4 3130 COST 0 1 0 Part I, Column (b): NUMBERS REPORTED IN PART I COLUMN B REPRESENT THE NUMBER OF DONORS. 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 51,000 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, as well as ratifying by-law changes. Form 990, Part VI, Section A, line 7b Appropriations from the corpus of the endowment require approval of the membership. 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 upon hiring. 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 review 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. Our 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 Income from Partnership Investments -206,847. Recovery of Uncollectible Pledges 1,308,094. 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 76127 association of the Graduates of the United States Military academy