2015-03-20T12:54:29-05:00 2014-06-30 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2013-07-01 520239291 TAX EXECUTIVES INSTITUTE INC TAXE 2026385601 1200 G STREET NW NO 300 WASHINGTON DC 20005 ELI J DICKER EXECUTIVE DIRECTOR 2026385601 2015-03-20 1 SUBRINA WOOD P00365899 2022932200 2013 2016-03-07 17:11:31Z TERILEA J WIELENGA 1200 G STREET NW NO 300 WASHINGTON DC 20005 10644604 0 X WWW.TEI.ORG X 1944 NY TO ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS. 72 72 20 127 359790 -2560 0 0 9509803 9920477 126281 168259 549053 545616 10185137 10634352 0 5100 0 0 2939215 2980427 0 0 0 7032500 6910227 9971715 9895754 213422 738598 13063194 14100342 3307360 3299747 9755834 10800595 X THE MISSION OF TAX EXECUTIVES INSTITUTE IS TO ENHANCE AND IMPROVE THE TAX SYSTEM AND TO SERVE ITS MEMBERS, THEIR EMPLOYERS, AND SOCIETY GENERALLY BY FACILITATING INTERACTION AMONG, AND THE TRAINING OF, MEMBERS AND THEIR STAFFS, BY EFFECTIVELY ADVOCATING ITS MEMBERS' VIEWS, AND BY PROMOTING COMPETENCE AND PROFESSIONALISM IN BOTH THE PRIVATE AND GOVERNMENT SECTORS. 0 0 CONTINUING EDUCATION - THE TAX EXECUTIVES INSTITUTE (THE INSTITUTE) OPERATES NUMEROUS EDUCATION PROGRAMS THROUGHOUT THE YEAR; THESE PROGRAMS ARE AVAILABLE BOTH AT THE INSTITUTE AND THE CHAPTER LEVEL, AND SATISFY STATE OR COUNTRY REQUIREMENTS FOR CONTINUING PROFESSIONAL EDUCATION. TEI ALSO PROVIDES EDUCATIONAL RESOURCES SUCH AS FORUMS FOR THE EXCHANGE OF INFORMATION ON AUDIT DEVELOPMENTS, AND OTHER ISSUES AFFECTING THE CORPORATE TAX COMMUNITY. ALSO AVAILABLE TO MEMBERS IS A SOPHISTICATED BUT USER-FRIENDLY ELECTRONIC COMMUNICATIONS SYSTEM, FEATURING SPECIALIZED AND PRIVATE ONLINE BULLETIN BOARDS. COMMITTEE AND LIAISON - TEI PROVIDES EXCELLENT ANALYSES OF PROPOSED TAX LEGISLATION, REGULATIONS, AND OTHER ADMINISTRATIVE PRONOUNCEMENTS. TEI ALSO WORKS WITH LEGISLATIVE AND REGULATORY BODIES BY PROVIDING COMMENTARY ON POLICY AND THE ADMINISTATIVE ASPECTS OF LEGISLATIVE AND REGULATORY PROPOSALS. TEI'S LEGISLATIVE AND ADVOCACY FUNCTIONS ARE CARRIED ON LARGELY THROUGH THE VOLUNTEER EFFORTS OF ITS MEMBERS. MEMBERSHIP SERVICES AND DEVELOPMENT - TEI HAS NEARLY 7,000 MEMBERS WHO REPRESENT 3,200 OF THE LEADING BUSINESSES IN THE UNITED STATES, CANADA, EUROPE, AND ASIA. THROUGH TEI AND ITS 55 CHAPTERS WORLDWIDE, TAX EXECUTIVES HAVE ACCESS TO THE FINEST, MOST COST-EFFECTIVE TAX TRAINING AVAILABLE; THE CAMARADERIE OF THEIR FELLOW TAX PROFESSIONALS-WHO WILLINGLY SHARE THEIR INSIGHTS, IDEAS, AND EXPERIENCES; AND THE ABILITY TO WORK COLLECTIVELY TO IMPROVE TAX POLICY AND ADMINISTRATION. TEI MEMBERS RECEIVE A BI-MONTHLY JOURNAL, THE TAX EXECUTIVE, AND A MEMBERSHIP ROSTER. THEY ALSO HAVE ACCESS TO TEI'S WEBSITE AT WWW.TEI.ORG, FOR NETWORKING AND EDUCATION OPPORTUNITIES. TEI MEMBERS MAY ENHANCE THEIR PERSONAL LEADERSHIP, COMMUNICATION, AND MENTORING SKILLS BY VOLUNTEERING LOCALLY OR AT THE INSTITUTE LEVEL. TEI ALSO PROVIDES MEMBERS THE OPPORTUNITY TO PARTICIPATE IN SURVEYS AND TO DEVELOP BENCHMARKING TOOLS FOR TAX EXECUTIVES. 0 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 19 0 1 20 1 1 1 1 CA NL 0 0 0 0 X 72 72 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X DEBORAH C GIESEY 2026385601 1200 G STREET NW SUITE 300 WASHINGTON DC 200053814 TERILEA J WIELENGA PRESIDENT 2.00 1.00 X X 0 0 0 MARK C SILBIGER SR. VICE PRESIDENT 2.00 1.00 X X 0 0 0 CN MACFARLANE SECRETARY 2.00 1.00 X X 0 0 0 JANICE LUCCHESI TREASURER 2.00 1.00 X X 0 0 0 SHIRAZ J NAZERALI VP - REGION I 2.00 1.00 X X 0 0 0 THOMAS V MAGALDI VP - REGION II 2.00 0.00 X X 0 0 0 TIMOTHY R GARAHAN VP - REGION III 2.00 0.00 X X 0 0 0 BRUCE R THOMPSON VP - REGION IV 2.00 0.00 X X 0 0 0 RITA M MAKARIS VP - REGION V 2.00 0.00 X X 0 0 0 SUSAN K MUSCH VP - REGION VI 2.00 0.00 X X 0 0 0 WALTER B DOGGETT III VP - REGION VII 2.00 0.00 X X 0 0 0 DONALD J RATH VP - REGION VIII 2.00 1.00 X X 0 0 0 CHRISTER T BELL VP - REGION IX 2.00 1.00 X X 0 0 0 DAVID E STEVENS ALASKA CHAPTER REP 2.00 0.00 X 0 0 0 DANIEL J MAYNARD ARIZONA CHAPTER REP 2.00 0.00 X 0 0 0 DAVID WEISNER ASIA CHAPTER REP 2.00 0.00 X 0 0 0 ROBERT L HOWREN ATLANTA CHAPTER REP 2.00 0.00 X 0 0 0 LOUIS J MESTIER AUSTIN CHAPTER REP 2.00 0.00 X 0 0 0 BARBARA J YOUNG BALTIMORE-WASHINGTON CHAPT 2.00 0.00 X 0 0 0 JAMES A RIZZO BUFFALO-NIAGARA CHAPT 2.00 0.00 X 0 0 0 KIM N BERJIAN CALGARY CHAPTER REP 2.00 0.00 X 0 0 0 MARCUS S SHORE CAROLINAS CHAPTER REP 2.00 0.00 X 0 0 0 CATHLEEN STEVENS CHICAGO CHAPTER REP 2.00 0.00 X 0 0 0 BRUCE R THOMPSON CINCINNATI CHAPTER REP 2.00 0.00 X 0 0 0 TONI M MITCHELL-BENES CLEVELAND CHAPTER REP 2.00 0.00 X 0 0 0 JOHN B DEVAUX JR CONNECTICUT VALLEY CHAPTER 2.00 0.00 X 0 0 0 KATRINA H WELCH DALLAS CHAPTER REP 2.00 1.00 X 0 0 0 JAMES A KENNEDY DENVER CHAPTER REP 2.00 0.00 X 0 0 0 KATHERINE C CASTILLO DETROIT CHAPTER REP 2.00 0.00 X 0 0 0 DR LUIS M FARGAS MAS EMEA CHAPTER REP 2.00 0.00 X 0 0 0 BRADLEY PEES FLORIDA CHAPTER REP 2.00 0.00 X 0 0 0 KENNETH D KEYES FORT WORTH CHAPTER REP 2.00 0.00 X 0 0 0 WILLIAM F VAUPEL HARRISBURG CHAPTER REP 2.00 0.00 X 0 0 0 KORIE SK ISHII HAWAII CHAPTER REP 2.00 0.00 X 0 0 0 THOMAS J DEGEORGIO HOUSTON CHAPTER REP 2.00 1.00 X 0 0 0 MATTHEW A PETERS INDIANA CHAPTER REP 2.00 0.00 X 0 0 0 ROBERT J BIRCH IOWA CHAPTER REP 2.00 0.00 X 0 0 0 BRIAN MAXWELL KANSAS CITY CHAPTER REP 2.00 0.00 X 0 0 0 GEORGE G BAUERNFEIND KENTUCKY CHAPTER REP 2.00 0.00 X 0 0 0 CALEB B STANDAFER JR LOS ANGELES CHAPTER REP 2.00 0.00 X 0 0 0 CONSTANCE M KOTULA MINNESOTA CHAPTER REP 2.00 0.00 X 0 0 0 DENISE DERIGER MONTREAL CHAPTER REP 2.00 0.00 X 0 0 0 R STEPHEN MILLER NASHVILLE CHAPTER REP 2.00 0.00 X 0 0 0 JEFFREY M WINGERT NEBRASKA CHAPTER REP 2.00 0.00 X 0 0 0 KAREN E MILLER NEW ENGLAND CHAPTER REP 2.00 0.00 X 0 0 0 JAMES P SILVESTRI NEW JERSEY CHAPTER REP 2.00 0.00 X 0 0 0 ELIZABETH M LESTELLE NEW ORLEANS CHAPTER REP 2.00 0.00 X 0 0 0 PAUL HELLER NEW YORK CHAPTER REP 2.00 0.00 X 0 0 0 PAUL G PAPROCKI NORTHEAST WISCONSIN CHAPTE 2.00 0.00 X 0 0 0 CLIFFORD A DOLTON OKLAHOMA CITY CHAPTER REP 2.00 0.00 X 0 0 0 TRACI N SNOW ORANGE COUNTY CHAPTER 2.00 0.00 X 0 0 0 TIMOTHY J GOLDEN PHILADELPHIA CHAPTER 2.00 1.00 X 0 0 0 JOHN M BIGLEY PITTSBURGH CHAPTER REP 2.00 0.00 X 0 0 0 WAYNE MONFRIES PORTLAND CHAPTER REP 2.00 0.00 X 0 0 0 GARY P STEINBERG ROCHESTER CHAPTER REP 2.00 0.00 X 0 0 0 KENDALL D COYNE ST. LOUIS CHAPTER REP 2.00 0.00 X 0 0 0 TIM H JENSEN SALT LAKE CITY CHAPTER REP 2.00 0.00 X 0 0 0 BONNIE NOBLE SAN DIEGO CHAPTER REP 2.00 0.00 X 0 0 0 GARY S HOOK SAN FRANCISCO CHAPTER REP 2.00 0.00 X 0 0 0 DANIEL R GOFF SANTA CLARA VALLEY CHAPTER 2.00 0.00 X 0 0 0 JONNELL QUARRIE SEATTLE CHAPTER REP 2.00 0.00 X 0 0 0 WINSTON C K WOO TORONTO CHAPTER REP 2.00 0.00 X 0 0 0 ERNEST N GATES TULSA CHAPTER REP 2.00 0.00 X 0 0 0 FRASER E REID VANCOUVER CHAPTER REP 2.00 0.00 X 0 0 0 HERBERT M SMITH VIRGINIA CHAPTER REP 2.00 0.00 X 0 0 0 RALPH P CORASANITI WESTCHESTER-FAIRFIELD CHAP 2.00 0.00 X 0 0 0 JOHN R DUYCK WESTERN MICHIGAN CHAPTER R 2.00 0.00 X 0 0 0 JANET L KREILEIN WISCONSIN CHAPTER REP 2.00 0.00 X 0 0 0 SOL COFFINO PAST PRESIDENT 2.00 0.00 X 0 0 0 CARITA R TWINEM PAST PRESIDENT 2.00 0.00 X 0 0 0 JUDITH P ZELISKO PAST PRESIDENT 2.00 0.00 X 0 0 0 PAUL O'CONNOR PAST PRESIDENT 2.00 0.00 X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR 35.00 1.00 X 314220 0 30153 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 35.00 0.00 X 129179 0 21597 W PATRICK EVANS CHIEF TAX COUNSEL 35.00 0.00 X 228014 0 46472 JEFFERY P RASMUSSEN SENIOR TAX COUNSEL 35.00 0.00 X 213641 0 41254 BENJAMIN R SHRECK TAX COUNSEL 35.00 0.00 X 203172 0 30675 DANIEL B DE JONG TAX COUNSEL 35.00 0.00 X 173325 0 41869 DEBORAH K LICHTER DIRECTOR OF CONFERENCE PLANNING 35.00 0.00 X 133821 0 40697 TIMOTHY J MCCORMALLY FORMER EXECUTIVE DIRECTOR 0.00 0.00 X 251198 0 26595 1646570 0 279312 8 1 1 0 0 CHAPTERS AND REGIONS 900099 4102630 4102630 SPONSORSHIP 541800 2003650 2003650 CONTINUING EDUCATION 900099 1694150 1694150 MEMBERSHIP DUES 900099 1570507 1570507 PUBLICATION INCOME 541800 406865 47075 359790 142675 142675 9920477 178511 178511 535000 535000 10252 -10252 -10252 -10252 MISCELLANEOUS 900099 10616 10616 10616 10634352 7557037 359790 2717525 5100 505423 1857913 168948 308141 140002 9916 27643 51787 5273 166197 201950 3144 466392 87815 1423874 110321 49934 UBIT AND DC FRANCHISE T 250 CHAPTER AND REGION DISB 3591078 CHAPTER REBATES & REP. 210258 PUBLICATIONS 202692 301703 9895754 1227768 1135706 4151710 4722686 25754 31288 87364 69893 1020316 893086 206388 127230 7374140 8021087 -9930 -7548 13063194 14100342 194793 192392 2819415 2836359 293152 270996 3307360 3299747 X 9755834 10800595 9755834 10800595 13063194 14100342 X 738598 261352 44810 X X 0 1 X 1 0 0 1 0 76856 48669 28187 718723 629078 89645 224737 215339 9398 127230 MONEY MARKET FUNDS 56840 F CERTIFICATE OF DEPOSIT 3162244 F INVST. TRADE PENDING REC. 194000 F CORPORATE BONDS 461668 F MUTUAL FUNDS-FIXED INCOME 2883245 F EQUITY FUNDS 1027227 F ALTERNATIVE STRATEGIES FUNDS 235863 F 8021087 DEFERRED RENT 270996 270996 X 6781677 261352 -9916 251436 6530241 4104111 4104111 10634352 6294760 0 6294760 3600994 3600994 9895754 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. GENERALLY, INCOME TAX RETURNS RELATED TO THE CURRENT AND THREE PRIOR YEARS REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: MANAGEMENT FEES -9,916. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST RECEIVED BY CHAPTERS 1,481. INCOME EARNED BYCHAPTERS AND REGIONS 4,102,630. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES INCURRED BY CHAPTERS AND REGIONS 3,591,078. MANAGEMENT FEES 9,916. X X 1 1 X X X 0 0 0 ELI J DICKER EXECUTIVE DIRECTOR 288157 0 25000 0 1063 0 30153 0 6028 0 350401 0 0 0 DEBORAH C GIESEY DIRECTOR OF ADMINISTRATION 124650 0 3500 0 1029 0 12855 0 12988 0 155022 0 0 0 W PATRICK EVANS CHIEF TAX COUNSEL 220950 0 6500 0 564 0 21062 0 31335 0 280411 0 0 0 JEFFERY P RASMUSSEN SENIOR TAX COUNSEL 205810 0 6000 0 1831 0 21325 0 26741 0 261707 0 0 0 BENJAMIN R SHRECK TAX COUNSEL 196612 0 6000 0 560 0 20511 0 15901 0 239584 0 0 0 DANIEL B DE JONG TAX COUNSEL 166983 0 6000 0 342 0 17358 0 28687 0 219370 0 0 0 DEBORAH K LICHTER DIRECTOR OF CONFERENCE PLANNING 128650 0 3500 0 1671 0 13415 0 31814 0 179050 0 0 0 TIMOTHY J MCCORMALLY FORMER EXECUTIVE DIRECTOR 0 0 200000 0 51198 0 25055 0 1742 0 277995 0 0 0 PART I, LINE 1A 20 YEAR EMPLOYEES RECEIVE A GIFT OF A TRIP AND MAY BE ACCOMPANIED BY THEIR SPOUSE. THE AMOUNT IS GROSSED-UP FOR TAX PURPOSES AND TREATED AS INCOME TO THE EMPLOYEE. THE EMPLOYEE SUBMITS THE RECEIPTS AFTER THE TRIP AND RECEIVES THE FUNDS AT THAT TIME. IN ADDITION, THE EXPENSES OF THE SPOUSES OF THE INSTITUTE PRESIDENT, EXECUTIVE DIRECTOR, AND CHIEF TAX COUNSEL ARE REIMBURSED IN RESPECT OF THEIR ATTENDANCE AT CERTAIN BONA FIDE BUSINESS MEETINGS INVOLVING A SIGNIFICANT NUMBER OF SPOUSES AND FORMAL COMPANION PROGRAMS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP SECTION 1. MEMBERSHIP SHALL BE OPEN TO PERSONS NOT ENGAGED IN PUBLIC TAX PRACTICE WHO ARE EMPLOYED BY CORPORATIONS AND OTHER BUSINESSES IN AN EXECUTIVE, ADMINISTRATIVE, OR MANAGERIAL CAPACITY AND WHO MEET THE FOLLOWING QUALIFICATIONS: (1)IN AN ORGANIZATION HAVING AN INTEGRATED SEPARATE TAX DEPARTMENT, THE HEAD OF THAT DEPARTMENT AND ANY OTHER PERSONS THE DEPARTMENT HEAD SHALL DESIGNATE, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (2)IN AN ORGANIZATION HAVING A NONINTEGRATED TAX DEPARTMENT WHERE THE TAX FUNCTION MAY BE DIVIDED BETWEEN THE LEGAL, ACCOUNTING, OR OTHER DEPARTMENTS, THOSE PERSONS WHO DEVOTE THEIR PRINCIPAL TIME TO THE TAX FUNCTIONS OR WHOSE PRINCIPAL RESPONSIBILITIES ARE THE HANDLING OF THE TAX FUNCTIONS IN THEIR RESPECTIVE DEPARTMENTS AT AN EXECUTIVE, ADMINISTRATIVE OR MANAGEMENT LEVEL, AND ANY OTHERS WHOM SUCH PERSONS SHALL DESIGNATE, PROVIDING THEIR WORK CONSISTS PRINCIPALLY OF ADMINISTERING TAXES ON AN EXECUTIVE OR MANAGEMENT LEVEL. (3)IN AN ORGANIZATION HAVING NEITHER AN INTEGRATED, SEPARATE TAX DEPARTMENT NOR ANY PERSON ON AN EXECUTIVE OR MANAGEMENT LEVEL WHOSE FULL TIME IS DEVOTED TO THE TAX FUNCTION, THOSE PERSONS CHARGED WITH THE RESPONSIBILITY OF ADMINISTERING THE TAX AFFAIRS OF THE ORGANIZATION ON AN EXECUTIVE OR MANAGEMENT LEVEL. FORM 990, PART VI, SECTION A, LINE 7A ARTICLE II, SECTION 4 OF THE INSTITUTE'S BY-LAWS PROVIDES THAT EACH OF THE TEI CHAPTERS "SHALL HAVE THE RIGHT, ONCE EVERY TWO YEARS, TO ELECT A DIRECTOR (CHAPTER REPRESENTATIVE) TO A TWO-YEAR TERM [ON THE INSTITUTE BOARD OF DIRECTORS]. THE TERMS OF OFFICE WITH RESPECT TO DIRECTORS FROM THE CHAPTERS SHALL BE STAGGERED SO THAT THE NUMBER OF DIRECTORS ELECTED FROM THE CHAPTERS EACH YEAR SHALL BE ONE-HALF OF THE NUMBER OF CHAPTERS OF THE INSTITUTE.". IN RESPECT OF THE FOUR SENIOR OFFICERS AND NINE REGIONAL VICE PRESIDENTS, ARTICLE V, SECTION 2 OF THE BY-LAWS PROVIDES THAT EACH YEAR, THE INSTITUTE'S NOMINATING COMMITTEE "SHALL MAKE NOMINATIONS FOR OFFICERS, EXCEPT THAT THE SENIOR VICE PRESIDENT SHALL AUTOMATICALLY SUCCEED TO THE OFFICE OF PRESIDENT AT THE NEXT ANNUAL MEETING OF MEMBERS BY OPERATION OF THESE BY-LAWS." UNDER SECTIONS 3 AND 5 OF THAT ARTICLE, IF NO OTHER NOMINATIONS ARE MADE BY 25 OR MORE MEMBERS WITHIN THE PRESCRIBED TIME PERIOD, THE OFFICERS ARE DEEMED ELECTED BY OPERATION OF THE BY-LAWS. IF THERE ARE OTHER NOMINATIONS, THE NAMES ARE PLACED ON THE BALLOT FOR SELECTION BY THE MEMBERSHIP. IN RESPECT OF PAST PRESIDENTS, ARTICLE II, SECTION 5 PROVIDES THAT "PAST PRESIDENTS OF THE INSTITUTE WHO REMAIN IN GOOD STANDING AND CONSENT TO SERVE SHALL BE NOMINATED TO SERVE ON THE BOARD FOR UP TO THREE CONSECUTIVE ONE-YEAR TERMS FOLLOWING THEIR SERVICE AS PRESIDENT. IN ADDITION, ALL QUALIFYING PAST PRESIDENTS WHO SERVED ON THE BOARD AS OF THE 2006 ANNUAL MEETING OF MEMBERS SHALL BE NOMINATED TO SERVE ON THE BOARD AS LONG AS THEY CONTINUE THEIR MEMBERSHIP AND CONSENT TO SERVE AS DIRECTORS." THE NAMES OF THOSE QUALIFYING PAST PRESIDENTS ARE PLACED ON THE BALLOT FOR ELECTION BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ARTICLE X OF THE INSTITUTE'S BY-LAWS PROVIDES THAT AMENDMENTS TO THE BY-LAWS MUST BE APPROVED BY THE MEMBERSHIP. IN ADDITION, UNDER NEW YORK LAW, DIRECTORS ELECTED BY THE MEMBERSHIP (OR BY A CLASS OF MEMBERS) MAY ONLY BE REMOVED BY VOTE OF THOSE MEMBERS OR CLASS OF MEMBERS. NEW YORK LAW ALSO REQUIRES THE MEMBERSHIP TO APPROVE MERGERS OR CONSOLIDATIONS AND DISSOLUTION OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11 ONCE TATE AND TRYON HAS COMPLETED THE FORM 990 PREPARATION, A COPY IS SENT TO TEI'S MANAGEMENT FOR APPROVAL. ONE OF THE INSTITUTE'S FOUR SENIOR OFFICERS REVIEWS THE RETURN AFTER MANAGEMENT HAS APPROVED IT. THE RETURN IS PROVIDED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BOARD IS ASKED TO SIGN THE CONFLICT OF INTEREST FORMS EACH YEAR AND TEI FOLLOWS UP SEVERAL TIMES TO ENSURE THAT THE FORMS ARE RECEIVED. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS INCLUDES ALL OF THESE ELEMENTS: - REVIEW AND APPROVAL BY THE INSTITUTE'S EXECUTIVE COMMITTEE; - USE OF DATA AS TO COMPARABLE COMPENSATION; AND - CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING 1.DEVELOPMENT OF RECOMMENDATIONS. THE EXECUTIVE DIRECTOR DEVELOPS RECOMMENDATIONS WITH RESPECT TO ALL MEMBERS OF THE STAFF OTHER THAN HIMSELF OR HERSELF, AND FORWARDS THEM TO THE INSTITUTE'S CURRENT AND INCOMING PRESIDENTS FOR REVIEW AND DISCUSSION. THOSE RECOMMENDATIONS ARE THEN REFERRED TO THE INSTITUTE'S EXECUTIVE COMMITTEE FOR REVIEW AND APPROVAL. THE CURRENT AND INCOMING PRESIDENTS DEVELOP A RECOMMENDATION WITH RESPECT TO THE EXECUTIVE DIRECTOR. 2.REVIEW AND APPROVAL. THE RECOMMENDATIONS REFERRED TO IN ITEM 1 ARE REVIEWED, ADJUSTED, AND APPROVED BY THE EXECUTIVE COMMITTEE, WITH THE EXECUTIVE DIRECTOR NOT BEING INVOLVED IN A DISCUSSION OF HIS OR HER OWN COMPENSATION; THE RECOMMENDATION IN RESPECT OF THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE FULL BOARD OF DIRECTORS. HENCE, PERSONS WITH CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENTS AT ISSUE ARE NOT INVOLVED IN THIS REVIEW AND APPROVAL. 3.USE OF DATA AS TO COMPARABLE COMPENSATION. THE COMPENSATION OF ALL STAFF MEMBERS ARE REVIEWED AND APPROVED USING DATA ON COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. AMONG THE SOURCES OF SUCH COMPARABLE INFORMATION IS THE ASAE'S ASSOCIATION COMPENSATION AND BENEFITS SURVEY. 4.CONTEMPORANEOUS DOCUMENTATION AND RECORD KEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE POSTED ON THE WEBSITE. FINANCIAL STATEMENTS ARE POSTED ON THE WEBSITE ON AN ANNUAL BASIS. FORM 990, PART XI, LINE 9: CHAPTER FOREIGN CURRENCY VARIANCE 44,810. FORM 990, PART XII, LINE 2C THE PROCESS FOR REVIEW HAS NOT CHANGED FROM THE PRIOR YEAR. TEI EDUCATION FUND 1200 G STREET SUITE 300 WASHINGTON DC 20005 541402262 SPONSOR CONTINUING EDUCATION/FURTHER TEI'S EDUCATIONAL OBJECTIVES VA 501(C)(3) II TAX EXECUTIVE INSTITUTE INC 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0