2016-11-10T09:12:20-06:00 2015-12-31 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2015-01-01 232166231 ASSOCIATION OF CLINICAL RESEARCH PROFESSIONALS ASSO 7032548100 99 CANAL CENTER PLAZA No 200 ALEXANDRIA VA 22314 James Kremidas Executive Director 7032548100 2016-11-08 1 Frederick Longwood P00439715 2022932200 2015 2017-02-10 21:41:12Z ACRP James Kremidas 99 CANAL CENTER PLAZA No 200 ALEXANDRIA VA 22314 8755054 0 X WWW.ACRPNET.ORG X 1980 OH SEE SCHEDULE O.TO PROVIDE GLOBAL LEADERSHIP TO PROMOTE INTEGRITY AND EXCELLENCE FOR THE CLINICAL RESEARCH PROFESSION 15 15 43 103 282629 -1500 0 0 6444507 6495881 168124 219217 288629 450298 6901260 7165396 0 0 0 0 3173802 3487859 0 0 0 4131630 4931327 7305432 8419186 -404172 -1253790 5687943 4609761 4199654 4627311 1488289 -17550 X TO PROVIDE GLOBAL LEADERSHIP TO PROMOTE INTEGRITY AND EXCELLENCE FOR THE CLINICAL RESEARCH PROFESSION 0 0 2207374 1142656 EDUCATION - DEVELOP COURSES AND WEBINARS OF STUDY FOR MEMBERS' EDUCATION AND TRAINING IN THE CONDUCT OF CLINICAL RESEARCH STUDIES. 1859477 1887053 MEETINGS AND WORKSHOPS - OVER 1,700 PEOPLE ATTEND A GLOBAL CONFERENCE PROMOTING BEST PRACTICES IN CLINICAL RESEARCH. 1501514 1876339 MEMBERSHIP - PROVIDE 13,000 MEMBERS WITH EDUCATIONAL PROGRAMS, CAREER DEVELOPMENT INFORMATION, CHANGES IN REGULATIONS & GUIDANCES, PROFESSIONAL FORUMS, AND LOCAL CHAPTER SUPPORT. 806569 8754 PUBLICATIONS - PROVIDE EDUCATIONAL AND INFORMATIONAL PUBLICATIONS AND A MEMBERSHIP DIRECTORY IN SUPPORT OF THE EDUCATION, TRAINING AND NETWORKING WITHIN CLINICAL RESEARCH ENTERPRISE. 0 0 1391745 Other program services 806569 0 1400499 6374934 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 51 0 1 43 1 1 1 1 BE UK 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X The Association 7032548100 99 CANAL CENTER PLAZA Suite 200 ALEXANDRIA VA 22314 Norbert Clemens MD PhD Chair 1.00 X X 0 0 0 BRENT IBATA PHD JD MPH RAC CCRC Vice Chair 1.00 X X 0 0 0 LYNN VAN DERMARK RN CCRA RAC IMMEDIATE PAST CHAIR 1.00 X X 0 0 0 JEFF KINGSLEY DO MBA MS CPI FAAF TREASURER 1.00 1.00 X X 0 0 0 Douglas Bryant IIIJD TRUSTEE 1.00 X 0 0 0 Glenda Guest RQAP-GCP CCRA TRUSTEE 1.00 1.00 X 0 0 0 KATHRYN L KIMMEL CCRC CCRA TRUSTEE 1.00 1.00 X 0 0 0 DENNIS LACROIX JD TRUSTEE 1.00 X 0 0 0 LAURIN MANCOUR CCRP CCRA RAC TRUSTEE 1.00 X 0 0 0 FERNANDO MARTINEZ PHD MBA TRUSTEE 1.00 X 0 0 0 Erika Stevens MA TRUSTEE 1.00 X 0 0 0 STEVEN ZIEMBA PHD MBA CRCP TRUSTEE 1.00 X 0 0 0 SAM SIMHA MD FACOG CPI TRUSTEE 1.00 1.00 X 0 0 0 Robert Hardi MD AGAF CPI TRUSTEE 1.00 1.00 X 0 0 0 Grannum Sant MD BCh BAO Hons M TRUSTEE 1.00 1.00 X 0 0 0 Jim Thomasell ED (through 2/2015) 40.00 X 223661 0 16094 Terri Hinkley Interim ED/Deputy Ed 40.00 X 229878 0 30245 Jim Kremidas ED (Oct - Dec 2015) 40.00 X 95574 0 4831 Chris Arnold Director of Finance and Administration 40.00 X 156748 0 23170 Jeremy Glunt Director of Marketing & Communciations 40.00 X 107154 0 24196 Sara Kilkenny Director of Meetings 40.00 X 101767 0 19428 Morgan Hirt Director of Certification 40.00 X 141718 0 17010 Jenna Rouse Director of Business Development 40.00 X 108449 0 8945 Esther Daemen belgian employee Director of Professional Development 40.00 X 129425 0 6120 1294374 0 150039 8 0 1 0 Venable LLP PO Box 62727 Baltimore MD 21264 Legal Services 256088 Utah Food Services 100 South West Temple Salt Lake City UT 84101 Food & Beverage Provider 179476 WEB COURSEWORKS 7617 MINERAL POINT RD SUITE 301 MADISON WI 53717 EDUCATION PROVIDER 158655 FREEMAN AUDIO VISUAL SOLUTIONS INC PO BOX 650519 DALLAS TX 75265 EVENT TECHNOLOGY 149211 Russell Reynolds PO Box 6427 New York NY 10249 Executive Search 128415 7 ANNUAL MEETING 900099 1888253 1887053 1200 MEMBERSHIP DUES 900099 1876339 1876339 O/H FEES, ACAD & APCR 541610 1391745 1391745 EDUCATION 900099 1142656 1142656 PUBLICATIONS 541800 196888 8754 188134 6495881 75765 75765 357003 357003 1733110 1589658 143452 143452 143452 WEB ADVERTISING 541800 93295 93295 93295 7165396 6306547 282629 576220 799902 427875 372027 2135771 1294650 841121 69083 69083 243954 -10634 254588 239149 239149 283806 81287 202519 43638 43638 22359 22359 625521 282331 343190 338265 338265 396861 129666 267195 365870 224830 141040 508473 124285 384188 303533 221163 82370 990112 959395 30717 19578 19578 191238 42878 148360 38179 7456 30723 COURSE DEVELOPMENT 285601 285601 Printing & Publications 231514 226685 4829 Commission 102367 102367 Recruiting 50722 50722 133690 1636834 -1503144 8419186 6374934 2044252 0 X 1277473 401748 36397 58455 530450 489821 3058693 2102651 1115882 956042 2727741 2679192 0 24503 5687943 4609761 588483 672536 1820450 1734089 1790721 2220686 4199654 4627311 X 1480235 -25604 8054 8054 1488289 -17550 5687943 4609761 X -1253790 -245210 -6839 X X 0 1 X 1 0 X 3066157 2222039 2054206 2017169 1876339 11235910 4372460 4536699 4617438 4228580 4430208 22185385 7438617 6758738 6671644 6245749 6306547 33421295 0 0 0 33421295 382057 352212 328022 318580 432768 1813639 382057 352212 328022 318580 432768 1813639 -13266 70940 77833 135507 7807408 7181890 7077499 6564329 6739315 35370441 0.94490 0.94830 0.05130 0.04750 X 736227 216194 520033 336677 208440 128237 1985789 1678017 307772 956042 DEFERRED RENT 297631 DUE TO Academy 296584 LEASE INCENTIVE OBLIGATION 520033 MARGIN ACCOUNT 1106438 2220686 6897827 -245210 -245210 7143037 22359 22359 7165396 8403666 6839 6839 8396827 22359 22359 8419186 Part XII, Line 2d - Other Adjustments: UNREALIZED LOSS ON CURRENCY EXCHANGE 6,839. 0 East Asia and the Pacific - Australia, Brunei, Burma, Cambodia, 0 0 PROGRAM SERVICES CHAPTER REIMBURSEMENTS, CONSULTANTS 19492 EUROPE 0 1 Program Services SALARIES, BENEFITS, AND PAYROLL TAXES FOR EMPLOYEE LOCATED IN BELGIUM; consulting costs 247715 MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT, 0 0 PROGRAM SERVICES CHAPTER MEMBERSHIP REIMBURSEMENTS. 1180 NORTH AMERICA - CANADA AND MEXICO, BUT BUT NOT THE UNITED STATES 0 1 PROGRAM SERVICES CHAPTER MEMBERSHIP REIMBURSEMENTS. 73871 South Asia - Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, 0 0 PROGRAM SERVICES SOFTWARE DEVELOPMENT 53400 0 2 0 0 0 2 395658 0 395658 0 0 0 0 0 1 X X X X X 0 0 0 0 0 0 0 0 0 Jim Thomasell ED (through 2/2015) 130153 0 0 0 93508 0 6725 0 12302 0 242688 0 0 0 Terri Hinkley Interim ED/Deputy Ed 202799 0 26417 0 662 0 11795 0 26849 0 268522 0 0 0 Chris Arnold Director of Finance and Administrati 156416 0 0 0 332 0 8066 0 21677 0 186491 0 0 0 Morgan Hirt Director of Certification 141358 0 0 0 360 0 0 0 24803 0 166521 0 0 0 Part I, Line 3 ACRP has an Executive Director Performance & Compensation Committee. The committee is responsible for working with the Compensation Consultant to ensure a review process is in place. The committee also works with the board to set the goals of the Executive Director and monitors them. Form 990, Part VI, Section A, line 6 THE ASSOCIATION HAS MEMBERS THAT MAY BE CLASSIFIED IN ONE OR MORE MEMBERSHIP CLASSIFICATION. MEMBERSHIP IS LIMITED TO NATURAL PERSONS ONLY. ACTIVE MEMBERSHIP SHALL BE LIMITED TO PROFESSIONALS ACTIVELY ENGAGED IN CLINICAL RESEARCH ENDEAVORS, CURRENT WITH THEIR MEMBERSHIP DUES TO THE ASSOCIATION AND OTHERWISE IN GOOD STANDING. Form 990, Part VI, Section A, line 7a ALL ELECTED TRUSTEES SHALL BE ELECTED BY THE AFFIRMATIVE VOTE OF THE ACTIVE MEMBERS PROVIDED THAT AT LEAST FIFTY (50) ACTIVE MEMBERS OR TWO AND ONE-HALF PERCENT (2.5%), WHICHEVER IS SMALLER, IS REPRESENTED THROUGH ELECTRONIC BALLOT. ALTERNATIVELY, ELECTIONS MAY BE HELD EITHER IN PERSON OR BY PROXY, AT AN ANNUAL MEETING OR SPECIAL MEETING, PROVIDEd THAT A QUORUM OF ACTIVE MEMBERS IS PRESENT AT SUCH MEETING. Form 990, Part VI, Section A, line 7b ACTIVE MEMBERS IN GOOD STANDING VOTE ON: a. Amendments to the Articles of Incorporation b. Election of Trustees to the Board c. Dissolution of the corporation d. Merger or consolidation of the corporation e. Disposition of 50% or more of the corporations assets (unless court approved) Form 990, Part VI, Section B, line 11 The organization's Form 990, Form 990-T, and Virginia Form VA-500 (the Forms) are first provided to the Finance Committee for their review. The Finance Committee meets with the independent tax firm that prepares the Forms for the organization to answer any questions they may have. The Forms are then provided to all members of the Association Board of Trustees for their review and comment. The Forms are then filed after all questions/comments have been addressed. Method of Delivery: The Forms are placed on a secure section of the organizations online community that only members of the Finance Committee and Association Board of Directors can access. Members of the two groups are advised not to print, save or distribute the draft version of the IRS Form 990. Form 990, Part VI, Section B, line 12c ALL MEMBERS OF THE ASSOCIATION'S BOARD OF TRUSTEES AND ALL EMPLOYEES OF THE ASSOCIATION ARE REQUIRED TO COMPLETE THE CONFLICT OF INTEREST QUESTIONNAIRE. THE COMPLETED QUESTIONNAIRES ARE REVIEWED BY MANAGEMENT FOR ITEMS THAT MAY REQUIRE FURTHER INVESTIGATION. COPIES ARE ALSO PROVIDED TO AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING FIRM AS PART OF THE ANNUAL AUDIT. Form 990, Part VI, Section B, line 15 ALL POSITIONS, INCLUDING THE CEO, EXECUTIVE DIRECTOR AND SENIOR, OR KEY EMPLOYEES HAVE THEIR COMPENSATION DATA DETERMINED ACCORDING TO SPECIFIC COMPENSATION DATA THAT IS OBTAINED THROUGH A VARIETY OF SURVEYS. THE PROCESS THAT IS FOLLOWED INCLUDES THE FOLLOWING STEPS: I. ACRP JOB DESCRIPTIONS(NOT SPECIFIC JOB TITLES) ARE BENCHMARKED AGAINST COMPARABLE POSITIONS IN THE ASSOCIATION INDUSTRY. II. THESE POSITIONS ARE THEN ANALYZED ACCORDING TO SURVEY DATA OBTAINED BY A PROFESSIONAL COMPENSATION CONSULTANT FROM INDIVIDUAL MEMBERSHIP AND TRADE ASSOCIATION DATA AS WELL AS DC METRO DATA, WHICH IS PREFERRED OVER THE NATIONAL DATA. III. THE SELECTED SALARY DATA IS CUSTOMIZED FOR ACRP'S BUDGET, RATHER THAN THE SURVEY'S BROAD BUDGET RANGES. COMPENSATION FOR OTHER KEY EMPLOYEES AND STAFF I. PAY PHILOSOPHY - THE ASSOCIATION OF CLINICAL RESEARCH PROFESSIONALS (ACRP) IS COMMITTED TO PROVIDING SERVICE EXCELLENCE TO ITS MEMBERSHIP. ACRP RECOGNIZES THAT EACH EMPLOYEE PLAYS AN IMPORTANT ROLE IN ACHIEVING THIS COMMITMENT. IT IS THE PHILOSOPHY OF ACRP TO PAY COMPETITIVELY IN RELATION TO THE LOCAL MARKET AS OBTAINED FROM PROFESSIONAL SURVEY DATA BASED ON THE MARKET AVERAGE (MEAN). THIS PHILOSOPHY APPLIES TO ALL POSITIONS IN ORDER TO ATTRACT AND RETAIN QUALITY PERSONNEL. ACRP'S COMPENSATION PROGRAM IS BASED ON SALARY AND BENEFITS. VARIABLE PAY (BONUS) MAY ALSO BE USED SOLELY AT THE ORGANIZATION'S DISCRETION. II. PERFORMANCE-BASED PROGRAM - ACRP'S COMPENSATION PROGRAM IS PERFORMANCE-BASED. THE SALARY PROGRAM IS DESIGNED TO REWARD HIGH PERFORMERS MORE GENEROUSLY THAN MID-LEVEL PERFORMERS. MERIT INCREASES ARE BASED ON INDIVIDUAL PERFORMANCE. AN EMPLOYEE WHO PERFORMS BELOW THE ESTABLISHED STANDARDS FOR THE POSITION WILL NOT RECEIVE AN INCREASE. IN ADDITION, EMPLOYEES WHO CONTINUALLY PERFORM AT BELOW AVERAGE LEVELS WILL BE DISCIPLINED IN ACCORDANCE WITH ACRP'S PROGRESSIVE DISCIPLINE PROCESS TO INCLUDE SUSPENSION AND/OR POSSIBLE TERMINATION. III. RESPONSIBILITY FOR THE PROGRAM - THE FINANCE COMMITTEE IS RESPONSIBLE FOR THE INITIAL APPROVAL OF THE COMPENSATION PROGRAM AND FOR THE ANNUAL REVIEW, AUTHORIZATION, AND APPROVAL OF THE ANNUAL COMPENSATION BUDGET AS RECOMMENDED BY THE EXECUTIVE DIRECTOR. THE ASSOCIATION BOARD OF TRUSTEES (ABOT) ARE RESPONSIBLE FOR THE FINAL APPROVAL OF THE COMPENSATION PROGRAM AND ANNUAL COMPENSATION BUDGET, WHICH IS PRESENTED BY THE FINANCE COMMITTEE. THE EXECUTIVE DIRECTOR AND HUMAN RESOURCES (HR) ARE RESPONSIBLE FOR THE DAY-TO-DAY MANAGEMENT AND USE OF THE PROGRAM. THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR RECOMMENDATIONS TO THE ABOT REGARDING THE ANNUAL MERIT INCREASE BUDGET THAT COORDINATES WITH ACRP'S ANNUAL BUDGET PROCESS. THE RECOMMENDATION WILL TAKE INTO ACCOUNT GENERAL ECONOMIC CONDITIONS, EXPECTED PAY ACTIONS OF COMPETITORS AND ACRP'S BUSINESS PERFORMANCE. IV. SALARY RANGES - EACH POSITION HAS CERTAIN REQUIRED SKILLS, RESPONSIBLITIES AND AUTHORITY LEVELS THAT ARE ADDRESSED IN JOB DESCRIPTIONS. EACH JOB DESCRIPTION IS VALUED USING COMPETITIVE MARKET ANALYSIS AND PLACED IN A SALARY RANGE. ALL SALARY RANGES HAVE A MINIMUM (80%), MIDPOINT (100%), AND MAXIMUM (120%). EMPLOYEE SALARIES WILL BE WITHIN THE ESTABLISHED RANGE OF THE POSITION. V. QUARTILE PLACEMENT - ACRP'S SALARY PROGRAM USES QUARTILE PLACEMENT. QUARTILES PROVIDE GUIDANCE FOR FAIR AND EQUITABLE SALARY ADMINISTRATION. 1ST QUARTILE - SALARIES PAID IN THE 1ST QUARTILE APPLY TO EMPLOYEES WHO ARE INEXPERIENCED AND NEED TO GROW IN KNOWLEDGE AND JOB PERFOMRANCE. IT IS EXPECTED THAT MOST EMPLOYEES, IF RETAINED, WILL MOVE THROUGH THIS PART OF THE RANGE QUICKLY AS THEY PROGRESS. IF AN EMPLOYEE'S PROGRESS SLOWS OR STOPS, THE ORGANIZATION MUST CONSIDER RETRAINING, CHANGING POSITIONS, OR DISCONTINUED EMPLOYMENT. 2ND QUARTILE - SALARIES PAID IN HE 2ND QUARTILE ARE FOR EMPLOYEES WHO ARE GROWING AND PERFORMING. QUALITY RESULTS ARE ACHIEVED MOST OF THE TIME. SOME EMPLOYEES MAY NEVER PROGRESS BEYOND THIS PART OF THE RANGE. OTHER EMPLOYEES WILL PROGRESS THROUGH THIS LEVEL OF THE RANGE AS THEIR PERFORMANCE INCREASES. 3RD QUARTILE - SALARIES IN THE 3RD QUARTILE RELATE TO EMPLOYEES WHO HAVE CONSISTENTLY DEMONSTRATED COMPETENT PERFORMANCE. HIGH-QUALITY RESULTS ARE ACHIEVED. ONLY A SMALL SEGMENT OF EMPLOYEES WILL PROGRESS BEYOND THE 3RD QUARTILE. 4TH QUARTILE - SALARIES IN THE 4TH QUARTILE ARE FOR EMPLOYEES WHO HAVE CONSISTENTLY DEMONSTRATED OUTSTANDING, EXPERT PERFORMANCE IN THE POSITION. THIS LEVEL GENERALLY REFLECTS EMPLOYEES WHO HAVE MANY YEARS IN THE POSTION PLUS HIGH-QUALITY PERFORMANCE. APPROVALS - SALARY ACTIONS MUST BE REVIEWED AND APPROVED BY THE IMMEDIATE SUPERVISOR/MANAGER, NEXT LEVEL MANAGER, AND HR PRIOR TO DISCUSSING WITH THE EMPLOYEE. ANY SALARY REDUCTION ALSO REQUIRES THE APPROVAL OF THE EXECUTIVE DIRECTOR. PERFORMANCE EVALUATION - MERIT INCREASES MUST BE ACCOMPANIED BY A COMPLETED PERFORMANCE EVALUATION. VI. MAINTAINING THE COMPENSATION PROGRAM - SIMILAR TO OTHER ACRP PROGRAMS, THE COMPENSATION PROGRAM REQUIRES PERIODIC REVIEW AND REVISION TO MEET THE ONGOING ORGANIZATIONAL NEEDS. THIS HELPS THE ORGANIZATION MAINTAIN COMPETITIVE PAY PRACTICES FROM WHICH TO ATTRACT, RETAIN AND MOTIVATE QUALITY EMPLOYEES. A. COMPENSATION PROGRAM CHANGES - OCCASIONALLY, IT MAY BE NECESSARY TO MAKE CHANGES TO THE COMPENSATION PROGRAM'S POLICY AND/OR PROCEDURE. THE EXECUTIVE DIRECTOR AND HR MAY REVIEW AND APPROVE CHANGES, PROVIDED THAT IT IS STRICTLY PROCEDURAL IN NATURE, BUT DOES NOT DIRECTLY MODIFY POLICY. IF ANY CHANGE WILL AFFECT POLICY, THE EXECUTIVE DIRECTOR WILL RECOMMEND THE REQUIRED CHANGE IN WRITING TO THE ABOT FOR REVIEW AND APPROVAL. B. SALARY RANGE MAINTENANCE - THE SALARY PROGRAM IS MAINTAINED ON A TWO-YEAR CYCLE: YEAR 1 - COMPLETE SALARY ANALYSIS: IT IS IMPORTANT TO MONITOR AND MODIFY THE RANGE ON A REGULAR BASIS TO MAINTAIN A MARKET-COMPETITIVE PROGRAM. HR HAS THE RESPONSIBILITY TO MAINTAIN A COMPETITIVE PROGRAM. ONCE VERY TWO YEARS, THE ORGANIZATION WILL ENSURE THAT A COMPLETE SALARY ANALYSIS OF ALL POSITIONS IS PERFORMED. THIS STUDY WILL PROVIDE ESSENTIAL DATA FROM WHICH TO REVISE THE SALARY RANGE STRUCTURE AND/OR PROVIDE EQUITY ADJUSTMENTS TO EMPLOYEES, IF APPROPRIATE. THIS IS AN IMPORTANT STEP THAT HELPS MAINTAIN THE APPROVED PAY PHILOSOPHY OF THE ORGANIZATION. YEAR 2 - SALARY RANGE ADJUSTMENT ONLY: HR WILL ENSURE PROPER RESEARCH IS PERFORMED RELATING TO COMPETITORS' SALARY INCREASES AND ECONOMIC CHANGES IN SALARIES (BASED ON ECI2 OR CPI3 OR A COMBINATION OF THE TWO). BASED ON THIS INFORMATION, THE ENTIRE SALARY RANGE STRUCTURE MAY BE ADJUSTED AT A LEVEL COMMENSURATE WITH ECONOMIC INDICATORS, BUT NEVER LESS THAN THE INCREASE IN CPI. THIS CHANGE WILL AFFECT THE SALARY RANGE STRUCTURE ONLY. ALL EMPLOYEE INCREASES ARE EARNED BASED ON PERFORMANCE. Form 990, Part VI, Section C, line 19 THE ASSOCIATION'S BYLAWS ARE PROVIDED AS A PDF DOCUMENT ON THE ASSOCIATION'S WEBSITE IN THE "ABOUT ACRP" SECTION. The conflict of interest policy is available on the website and is part of the trustee nomination process. The association's audited financial statements are available on the members' only section of the website. B. THE ASSOCIATION'S CONFLICT OF INTEREST POLICY IS POSTED ON THE WEBSITE AS PART OF THE TRUSTEE NOMINATION PROCESS. C. THE ASSOCIATION'S ANNUAL FINANCIAL STATEMENTS ARE AVAILABLE ON THE ASSOCIATION'S WEBSITE TO MEMBERS ONLY. MEMBERS ARE PROVIDED A LOGIN AND PASSWORD TO LOG INTO THIS SECTION OF THE WEBSITE. Form 990, Part X, Line 27: The Association's unrestricted net assets fell into a deficit balance as a result of two unusual and one time expenditures that were incurred in 2015. The first was a $250,000 legal expense and the other was an expenditure of approximately $250,000 related to the search for the Association's new executive director. In 2016, the Association has a strong focus on increasing revenue through business to business sales and reducing expenses, including not refilling vacant staff positions, reallocating marketing amounts and discontinuing the pursuit of trademarks outside of the US and Canada. Form 990, Part XI, line 9: UNREALIZED LOSS ON CURRENCY EXCHANGE -6,839. Form 990, Part XI, Line 2c: The audit oversight process has remained unchanged from the previous year. ACADEMY OF PHYSICIANS IN CLINICAL RESEARCH 99 CANAL CENTER PLAZA SUITE 200 ALEXANDRIA VA 22314 562522267 ENHANCE THE PROFICIENCY OF PHARMACEUTICAL PHYSICIANS VA 501 (C)(6) ASSOCIATION OF CLINICAL RESEARCH PROFESSIONALS 0 ACADEMY OF CLINICAL RESEARCH PROFESSIONALS 99 CANAL CENTER PLAZA SUITE 200 ALEXANDRIA VA 22314 020764222 DEFINE, PROMOTE, AND MAINTAIN HIGH STANDARDS IN THE CLINICAL RESEARCH FIELD VA 501 (C)(6) ASSOCIATION OF CLINICAL RESEARCH PROFESSIONALS 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 1 ACADEMY OF PHYSICIANS IN CLINICAL RESEARCH L 60786 BOOK VALUE ACADEMY OF CLINICAL RESEARCH PROFESSIONALS L 691359 BOOK VALUE ACADEMY OF CLINICAL RESEARCH PROFESSIONALS S 638111 BOOK VALUE