2015-04-13T08:35:39-05:00 2014-05-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2013-06-01 521760057 7272 WISCONSIN BUILDING CORP 7272 3016648809 7272 WISCONSIN AVENUE BETHESDA MD 20814 PAUL W ABRAMOWITZ PRESIDENT 3016648809 2015-04-13 1 DEBORAH KOSNETT P00290720 2022932200 2013 2016-02-25 16:41:14Z PAUL W ABRAMOWITZ 7272 WISCONSIN AVENUE BETHESDA MD 20814 7113653 0 X N/A X 1992 MD TO HOLD TITLE TO AND MANAGE PROPERTY OWNED BY THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS. 3 0 0 0 1786446 1786407 0 0 0 0 0 0 2706022 2650173 2706022 2650173 0 0 0 0 0 0 0 0 0 894726 773659 894726 773659 1811296 1876514 22292494 22239231 16934042 16124308 5358452 6114923 X THE PURPOSE OF THE CORPORATION IS TO PURCHASE, FINANCE, MANAGE AND HOLD TITLE TO PROPERTY, COLLECT INCOME THEREFROM AND TURN OVER THE AMOUNT, LESS EXPENSES AND A REASONABLE RESERVE, TO THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS, INC. (ASHP), AN ORGANIZATION THAT IS EXEMPT FROM TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE, AS AMENDED, IN ACCORDANCE WITH THE SECTION 501(C)(2). 0 0 TO HOLD TITLE TO AND MANAGE PROPERTY OWNED BY THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 1 16 0 1 0 1 1 0 0 0 0 0 X 3 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X VANGUARD REALTY GROUP 3016648809 7272 WISCONSIN AVENUE BETHESDA MD 20814 PAUL W ABRAMOWITZ PRESIDENT/CHAIR 1.00 40.00 X X 0 479948 40824 DAVID J EDWARDS TREASURER 1.00 40.00 X X 0 239247 39552 DAVID R WITMER DIRECTOR/MANAGER 1.00 40.00 X X 0 290518 43525 FERN ZAPPALA GENERAL COUNSEL/CORP SECY 1.00 40.00 X 0 224742 27017 0 1234455 150918 0 0 1 0 RECURRENT BUILDING INTELLIGENCE 1390 PICCARD DR 120 ROCKVILLE MD 20850 BUILDING MANAGEMENT 377214 GFZ REALTY LLC 1390 PICCARD DR 120 ROCKVILLE MD 20850 BUILDING MANAGEMENT 232430 VANGUARD REALTY GROUP 1201 SEVEN LOCKS ROAD 350 POTOMAC MD 20854 BUILDING MANAGEMENT 188456 HOLLAND & KNIGHT LLP PO BOX 864084 ORLANDO FL 32886 LEGAL SERVICES 101847 4 7113653 4463480 2650173 2650173 520949 1786446 342778 2650173 520949 1786446 342778 244376 1562 30008 7939 27351 24631 877723 967994 73185 PROVISION FOR INCOME TA 499293 REPAIRS AND MAINTENANCE 587861 REAL ESTATE TAXES 562293 UTILITIES 417958 -3548515 773659 1437227 1853567 452428 472716 156153 52836 105010 124464 32170020 14680656 17973697 17489364 2167979 2246284 22292494 22239231 1101798 935002 15261525 14612800 570719 576506 16934042 16124308 X 5358452 6114923 5358452 6114923 22292494 22239231 X 1876514 -64 -1119979 X X 0 1 X 1 0 4448170 4448170 22020279 11060181 10960098 5621863 3574110 2047753 79708 46365 33343 17489364 DEFERRED TAX ASSET 519834 LEASING COMMISSIONS - NET 676685 AMORTIZED RENT 883049 LOAN COSTS - NET 161904 LEASE ACQUISITION COSTS - NET 4812 2246284 SECURITY DEPOSITS 128329 DEFERRED TAX LIABILITY 282054 OTHER LIABILITIES 166123 576506 X 7111339 4461166 4461166 2650173 0 2650173 5234825 4461166 4461166 773659 0 773659 PART X, LINE 2: DURING THE YEAR ENDED MAY 31, 2014, MANAGEMENT DID NOT IDENTIFY ANY UNCERTAIN INCOME TAX POSITIONS. AT A MINIMUM, THE TAX YEARS BEGINNING IN 2010 THROUGH 2013 ARE OPEN FOR EXAMINATION BY TAX AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED ON PART VIII LINE 6B 4,463,480. BOOK BASIS INTEREST ADJUSTMENT -2,314. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE REPORTED ON PART VIII LINE 6B 4,463,480. BOOK BASIS INTEREST ADJUSTMENT -2,314. 0 1 0 PAUL W ABRAMOWITZ PRESIDENT/CHAIR 0 413442 0 40720 0 25786 0 22620 0 19819 0 522387 0 0 DAVID J EDWARDS TREASURER 0 211219 0 25000 0 3028 0 21348 0 23087 0 283682 0 0 DAVID R WITMER DIRECTOR/MANAGER 0 263196 0 25000 0 2322 0 25321 0 23636 0 339475 0 0 FERN ZAPPALA GENERAL COUNSEL/CORP SECY 0 196967 0 25000 0 2775 0 19102 0 11148 0 254992 0 0 PART I, LINE 3 7272 WISCONSIN BUILDING CORP HAS NO EMPLOYEES; ACCORDINGLY, PERSONNEL OF 7272 WISCONSIN BUILDING CORP ARE EMPLOYED BY THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS, INC. ("ASHP"), A RELATED 501(C)(6) ORGANIZATION. ASHP USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR 7272 WISCONSIN BUILDING CORP'S PRESIDENT: COMPENSATION COMMITTEE; WRITTEN EMPLOYMENT CONTRACT; COMPENSATION SURVEY OR STUDY; FORM 990 OF OTHER ORGANIZATIONS; APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B PAUL W. ABRAMOWITZ: $17,500, SECTION 457 PLAN. THIS INDIVIDUAL IS AN EMPLOYEE OF ASHP AND ALL BENEFITS ARE PROVIDED BY THAT ORGANIZATION. AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS (ASHP) ORGANIZATION'S OFFICERS/KEY EMPLOYEES ARE OFFICERS/KEY EMPLOYEES OF ASHP 0 PLEASE SEE SCHEDULE R FOR INFORMATION CONCERNING TRANSACTIONS BETWEEN THE TWO ORGANIZATIONS. 0 FORM 990, PART VI, SECTION A, LINE 3 THE CORPORATION IS A TITLE HOLDING COMPANY, HOLDING THE HEADQUARTERS BUILDING OF THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS. THE MANAGEMENT OF THE BUILDING IS PERFORMED BY VANGUARD REALTY GROUP. 7272 WISCONSIN BUILDING CORP PAID $188,456 TO VANGARD REALTY GROUP FOR MANAGEMENT FEE SERVICES PERFORMED DURING THE FISCAL YEAR. FORM 990, PART VI, SECTION A, LINE 8B 7272 WISCONSIN BUILDING CORP DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 AFTER MANAGEMENT HAS REVIEWED AND APPROVED THE FORM 990, THE BOARD OF DIRECTORS IS NOTIFIED VIA EMAIL THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS COMPLETES A WRITTEN ANNUAL DISCLOSURE REPORT. THERE IS A CONTINUING OBLIGATION BY INDIVIDUAL BOARD MEMBERS TO REPORT IF THERE ARE ANY CHANGES IN THE EXTERNAL ACTIVITIES OF THE BOARD MEMBER. IF THE BOARD BELIEVES THERE IS A POTENTIAL OR ACTUAL CONFLICT OF INTEREST THEN THE BOARD MEMBER MAY HAVE TO DEFER AN EXTERNAL ACTIVITY UNTIL THEIR TENURE ON THE BOARD IS COMPLETED, MAY HAVE TO RECUSE HIM- OR HERSELF FROM ANY DISCUSSIONS OF A TOPIC BY THE BOARD, AND/OR NOT PARTICIPATE IN ANY BOARD ACTION ON AN ISSUE. KEY EMPLOYEES COMPLETE A DISCLOSURE REPORT FORM AS PART OF THE YEARLY EXTERNAL FINANCIAL AUDIT, AND ALSO AS PART OF THEIR CONDITIONS OF EMPLOYMENT, WHICH THEY SIGN AT THE TIME OF THEIR HIRE. FORM 990, PART VI, SECTION B, LINE 15A THE MEMBERS OF THE BOARD OF DIRECTORS DO NOT RECEIVE COMPENSATION NOR ARE EXPENSES REIMBURSED FROM THE CORPORATION. ALL MEMBERS OF THE BOARD ARE FULL TIME EMPLOYEES OF THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS (ASHP), AND ARE REQUIRED TO FOLLOW THE RESPECTIVE WRITTEN POLICIES OF THAT ORGANIZATION. ACCORDINGLY, FOLLOWING IS A DESCRIPTION OF THE PROCESS THAT TAKES PLACE AT ASHP: THE ASHP BOARD OF DIRECTORS IS RESPONSIBLE FOR THE HIRING AND REVIEW OF THE CEO. THE CEO IS THE ONLY FULL TIME EMPLOYEE OF THE ORGANIZATION WITH AN EMPLOYMENT AGREEMENT. THE BOARD OF DIRECTORS, IN DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER, USES EXTERNAL SALARY AND COMPENSATION COMPARABILITY DATA FOR SIMILAR POSITIONS. MINUTES OF THESE DELIBERATIONS ARE MAINTAINED. OTHER KEY EMPLOYEES THAT ARE EMPLOYED BY THE ORGANIZATION ARE "EMPLOYEES AT WILL". SALARIES FOR THESE INDIVIDUALS ARE DETERMINED USING RELEVANT COMPARABLE SALARY DATA. PRIOR TO FILLING A VACANT POSITION. A HIRING SUPERVISOR, IN CONJUNCTION WITH THE HUMAN RESOURCES DIVISION, RESEARCHES RELEVANT SALARY RANGES FOR THE POSITION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WOULD MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION B, LINES 13-14 7272 ADHERES TO THE WRITTEN WHISTLEBLOWER AND DOCUMENT RETENTION/DESTRUCTION POLICIES ADOPTED BY ASHP, A RELATED ORGANIZATION. FORM 990, PART XI, LINE 9: DISTRIBUTIONS -1,676,922. CAPITAL CONTRIBUTIONS 556,943. FORM 990, PART XII, LINE 2C: THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. FORM 990, PART I, LINE 7B: 7272 WISCONSIN BUILDING CORPORATION FILES A CONSOLIDATED FORM 990-T WITH A RELATED ORGANIZATION, THE AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS. NET UBI ON LINE 7B REFLECTS ONLY 7272'S PORTION OF NET UBI: $1,786,407 TAXABLE INCOME, 7272 70,723 TAXABLE INCOME, ASHP 961 MARYLAND BONUS DEPRECIATION ADJUSTMENT - 7272 (153,214) STATE TAX DEDUCTION ---------- $1,702,955 TAXABLE INCOME, CONSOLIDATED FORM 990-T ========== AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC (ASHP) 7272 WISCONSIN AVENUE BETHESDA MD 20814 520807628 IMPROVE MEDICATION USE AND ENHANCE PATIENT SAFETY MD 501(C)(6) ASHP 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC J 1806971 CASH AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC R 1804987 CASH