ASSOCIATION FOR FINANCIAL PROFESSIONALS INC: Form 990, tax year 2012
View the entire original 990 at ProPublica ↗
- Organization
- ASSOCIATION FOR FINANCIAL PROFESSIONALS INC (EIN 58-1424769)
- Tax period
- 2012-07-01 to 2013-06-30
- Filed
- 2014-05-13
- IRS object ID
- 201411339349303326
- Schema version
- 2012v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2014-05-13T13:09:15-05:00 | Timestamp |
| Tax Period End Date | 2013-06-30 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 420714325 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MCGLADREY LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 9737 WASHINGTONIAN BLVD 400 | AddressLine1 |
| City | GAITHERSBURG | City |
| State | MD | State |
| ZIP Code | 208787340 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2012-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 581424769 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSOCIATION FOR FINANCIAL PROFESSIONALS | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | ASSO | NameControl |
| Phone | 3019072862 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4520 EAST WEST HIGHWAY NO 750 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20814 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | JOSEPH A DESALVIO | Name |
| Title | CHIEF FINANCIAL OFFICER | Title |
| Phone | 3019072862 | Phone |
| Date Signed | 2014-05-13 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | WILLIAM E TURCO CPA | Name |
| PTIN | P00369217 | PTIN |
| Phone | 3012963600 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2012 | TaxYear |
| Build TS | 2015-11-30 17:44:51Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JAMES A KAITZ | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4520 EAST WEST HIGHWAY NO 750 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20814 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 31692247 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.AFPONLINE.0RG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1980 | YearFormation |
| State Legal Domicile | MD | StateLegalDomicile |
| Activity Or Mission Description | THE PROFESSIONAL SOCIETY THAT REPRESENTS FINANCE EXECUTIVES GLOBALLY. THE ASSOCIATION ESTABLISHED AND ADMINISTERS THE CERTIFIED TREASURY PROFESSIONAL AND CERTIFIED CORPORATE FP&A PROFESSIONAL CREDENTIALS, WHICH SET STANDARDS OF EXCELLENCE IN FINANCE. MEMBERS ARE SUPPORTED THROUGH RESEARCH, EDUCATION, CERTIFICATION, PUBLICATIONS AND REPRESENTATION. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 15 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 15 | NbrIndependentVotingMembers |
| Total Nbr Employees | 84 | TotalNbrEmployees |
| Total Nbr Volunteers | 140 | TotalNbrVolunteers |
| Total Gross UBI | 1110062 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 53267 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 19662900 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 19065972 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1060986 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1498071 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 634323 | OtherRevenuePriorYear |
| Other Revenue Current Year | 1215206 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 21358209 | TotalRevenuePriorYear |
| Total Revenue Current Year | 21779249 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 15486 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 8868136 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 9372021 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 12166139 | OtherExpensePriorYear |
| Other Expenses Current Year | 14484649 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 21034275 | TotalExpensesPriorYear |
| Total Expenses Current Year | 23872156 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 323934 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | -2092907 | RevenuesLessExpensesCY |
| Total Assets BOY | 35542209 | TotalAssetsBOY |
| Total Assets EOY | 34285297 | TotalAssetsEOY |
| Total Liabilities BOY | 16023411 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16212235 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 19518798 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 18073062 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | TO BE THE PREFERRED GLOBAL RESOURCE AND ADVOCATE FOR THE FINANCE PROFESSION. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 1 | SignificantChange |
| Description | ANNUAL CONFERENCE:PREMIER NETWORKING AND EDUCATIONAL EVENT INCLUDING MORE THAN 130 WORK-SHOPS, PEER REVIEWED LECTURES, AND PRESENTATIONS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND CASH, BANK RELATIONSHIPS, LIQUIDITY, WORKING CAPITAL, PAYMENTS, FINANCIAL PLANNING AND ANALYSIS, AND PENSION AND EMPLOYEE PLANS. ATTENDANCE AT THE ANNUAL CONFERENCE WAS IN EXCESS OF 6,000 CORPORATE PRACTITIONERS, ASSOCIATES AND ACADEMICS. | Description |
Activity2 Activity2
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROFESSIONAL DEVELOPMENT - INCLUDES CERTIFICATION AND EDUCATION. THE CERTIFIED TREASURY PROFESSIONAL (CTP) EXAM WAS ADMINISTERED TO APPROXIMATELY 3300 CANDIDATES. IN ADDITION, APPROXIMATELY 2574 CTPS, WHO MET THE REQUIREMENT FOR CONTINUING PROFESSIONAL EDUCATION CREDITS OVER A THREE YEAR PERIOD, WERE RECERTIFIED.EDUCATION - CONDUCTED WORKSHOPS, WEBINARS AND SEMINARS ON A VARIETY OF TOPICS IN CORPORATE FINANCE, CASH MANAGEMENT, FRAUD PREVENTION, FINANCIAL RISK MANAGEMENT, BANK RELATIONSHIP MANAGEMENT, CASH FLOW FORECASTING, CORPORATE PAYMENTS, FINANCIAL PLANNING AND ANALYSIS AND SIMILAR TOPICS. | Description |
Activity3 Activity3
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | COMMUNICATIONS:PUBLISHED MONTHLY NEWSLETTERS AND TEN ISSUES OF EXCHANGE MAGAZINE WITH TOPICS COVERING ECONOMICS, CORPORATE PAYMENTS, RISK AND FINANCIAL MANAGEMENT, CAREER DEVELOPMENT, AND LEGAL AND REGULATORY DEVELOPMENTS. | Description |
Activity Other ActivityOther (4 entries)
| DescriptionDescription |
|---|
| MEMBERSHIP AND MARKETING |
| GOVERNMENT RELATIONS |
| WEBSITE |
| CIEBA |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 1 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 0 | ReportProgRelInvest |
| Report Other Assets | 1 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 1 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 1 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 0 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 1 | RelatedOrgControlledEntity |
| Transaction Related Entity | 1 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 89 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 84 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | CA | NameOfForeignCountry |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 15 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 15 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 0 | LocalChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 0 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JOSEPH DESALVIO | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3019072862 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 4520 EAST WEST HIGHWAY NO 750 | AddressLine1 |
| City | BETHESDA | City |
| State | MD | State |
| ZIP Code | 20814 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (26 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| SUSAN GLASS | ||||||||
| BOARD CHAIRMAN | 5.00 | X | X | 0 | 0 | 0 | ||
| JEFF JOHNSON | ||||||||
| VICE CHAIRMAN | 5.00 | X | X | 0 | 0 | 0 | ||
| ANITA PATTERSON | ||||||||
| VICE CHAIRMAN | 5.00 | X | X | 0 | 0 | 0 | ||
| MIKE CONNOLLY | ||||||||
| PAST CHAIRMAN | 5.00 | X | 0 | 0 | 0 | |||
| ANN ANTHONY | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| JEFF CAPPELLETTI | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| ROBERTA EISEMAN | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| PATRICIA HUI | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| FERDINAND JAHNEL | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| JUNE JOHNSON | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| KATRIA KOWAL | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| SHARON PETREY | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| JOAN PISCITELLO | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| ANTHONY SCAGLIONE | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| ADRIENNE URBAN | ||||||||
| DIRECTOR | 5.00 | X | 0 | 0 | 0 | |||
| JAMES KAITZ | ||||||||
| CEO | 50.00 | X | 801407 | 0 | 53361 | |||
| JOSEPH DESALVIO | ||||||||
| CFO | 50.00 | X | 276043 | 0 | 44460 | |||
| THOMAS DERRY | ||||||||
| FORMER COO | 50.00 | 154114 | 0 | 41104 | X | |||
| JEFF GLENZER | ||||||||
| CHIEF CONTENT OFFICER | 40.00 | 217749 | 0 | 45524 | X | |||
| PAUL AUCHINCLOSS | ||||||||
| MANAGING DIRECTOR, SALES | 40.00 | 350784 | 0 | 79773 | X | |||
| DAVID LEWIS | ||||||||
| MANAGING DIRECTOR, MEMBERSHIP | 40.00 | 186977 | 0 | 35322 | X | |||
| DEBORAH FORBES | ||||||||
| EXECUTIVE DIRECTOR, CIEBA | 40.00 | 230187 | 0 | 35895 | X | |||
| ROBERT GREEN | ||||||||
| DIRECTOR, SALES | 40.00 | 189532 | 0 | 41483 | X | |||
| KEVIN ROTH | ||||||||
| MANAGING DIRECTOR, RESEARCH | 40.00 | 187043 | 0 | 40874 | X | |||
| CRAIG MARTIN | ||||||||
| DIRECTOR, TREASURY PRACTICE | 40.00 | 183091 | 0 | 41320 | X | |||
| MARYELLEN SAUNDERS | ||||||||
| MANAGING DIRECTOR, EDUCATION | 40.00 | 178399 | 0 | 31596 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2955326 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 490712 | TotalOtherCompensation |
| Number Individuals GT100 K | 25 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| FREEMAN | |||||
| 10401 CONNECTICUT AVENUE SUITE 103 | KENSINGTON | MD | 20895 | AUDIO VISUAL-CONFERENCE | 1848284 |
| FONTAINEBLEAU MIAMI BEACH | |||||
| 4441 COLLINS AVENUE | MIAMI BEACH | FL | 33140 | CONFERENCE | 1615467 |
| CENTERPLATE | |||||
| 1901 CONVENTION CENTER DRIVE | MIAMI BEACH | FL | 33139 | CATERING | 931227 |
| WILLIAMS GERARD | |||||
| 420 NORTH WAVASH | CHICAGO | IL | 60611 | CONFERENCE-PRODUCTION | 511786 |
| MCARDLE | |||||
| 800 COMMERCE DRIVE | UPPER MARLBORO | MD | 20774 | PRINTING | 374484 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 26 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (5 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue | ExclusionExclusionAmount |
|---|---|---|---|---|---|
| CONFERENCES | 541900 | 10320889 | 6270263 | 265255 | $3,785,371 |
| MEMBERSHIP DUES | 900099 | 4911478 | 4911478 | ||
| PROFESSIONAL DEVELOPME | 541900 | 2975444 | 2842543 | 132901 | |
| COMMUNICATIONS | 511120 | 711906 | 711906 | ||
| CIEBA | 541900 | 146255 | 146255 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 19065972 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 671001 | TotalRevenueColumn |
| Exclusion | $671,001 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 7798 | TotalRevenueColumn |
| Exclusion | $7,798 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 10740068 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 9912998 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 827070 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 827070 | TotalRevenueColumn |
| Exclusion | $827,070 | ExclusionAmount |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | ExclusionExclusionAmount |
|---|---|---|---|
| MANAGEMENT FEES | 541800 | 952072 | $952,072 |
| INTERCOMPANY INTEREST | 900099 | 145420 | $145,420 |
| OTHER REVENUE | 900099 | 109916 | $109,916 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 1207408 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 21779249 | TotalRevenueColumn |
| Related Or Exempt Function Income | 14170539 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1110062 | UnrelatedBusinessRevenue |
| Exclusion | $6,498,648 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | X | InfoInScheduleOPartIX |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15486 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2146426 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5505242 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 558111 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 664182 | Total |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 498060 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 234433 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 287544 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79165 | Total |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4469475 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 7970 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1494617 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 69556 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1067392 | Total |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 996194 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1693851 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 46254 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 528490 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 141887 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| TAXES | 60308 |
| IMPAIRMENT LOSS | 1803877 |
| HONORARIA | 722995 |
| LOSS ON TSFR OF ASSETS | 668792 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 111849 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 23872156 | Total |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 611511 | BOY |
| EOY | 2205644 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 634811 | BOY |
| EOY | 1126269 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1267432 | BOY |
| EOY | 1222697 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4765890 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 3221467 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1892056 | BOY |
| EOY | 1544423 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 21123142 | BOY |
| EOY | 19516154 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 100000 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2454391 | BOY |
| EOY | 650514 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7558866 | BOY |
| EOY | 7919596 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35542209 | BOY |
| EOY | 34285297 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2211347 | BOY |
| EOY | 2196752 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8079459 | BOY |
| EOY | 9248350 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1250000 | BOY |
| EOY | 625000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | 234571 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4482605 | BOY |
| EOY | 3907562 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 16023411 | BOY |
| EOY | 16212235 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18227815 | BOY |
| EOY | 16451478 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1290983 | BOY |
| EOY | 1621584 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 19518798 | BOY |
| EOY | 18073062 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 35542209 | BOY |
| EOY | 34285297 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | -2092907 | ReconcilationRevenueExpenses |
| Reconciliation Unrealized Invest | 627273 | ReconciliationUnrealizedInvest |
| Reconcilation Other Changes | 19898 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
FS Audited Basis FSAuditedBasis
| Field | Value | IRS element (for citing) |
|---|---|---|
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | 1 | AuditCommittee |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantially All Dues Nondeduct | 0 | SubstantiallyAllDuesNondeduct |
| Only In House Lobbying | 0 | OnlyInHouseLobbying |
| Agree To Carryover Prior Year | 0 | AgreeToCarryoverPriorYear |
| Dues Assessments | 4911478 | DuesAssessments |
| Non Ded Lobby Political Current | 49253 | NonDedLobbyPoliticalCurrent |
| Non Ded Lobby Political Total | 49253 | NonDedLobbyPoliticalTotal |
| Taxable | $49,253 | TaxableAmount |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 1833545 | OtherCostOrOtherBasis |
| Depreciation | 1154643 | Depreciation |
| Book Value | 678902 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 2170410 | OtherCostOrOtherBasis |
| Depreciation | 1624347 | Depreciation |
| Book Value | 546063 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 761935 | OtherCostOrOtherBasis |
| Depreciation | 442477 | Depreciation |
| Book Value | 319458 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 1544423 | TotalOfBookValueLandBuildings |
Other Assets OtherAssets (7 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| DEFERRED COMPENSATION | 2525278 |
| DUE FROM AFP CANADA | 257780 |
| DUE FROM GT NEWS | 4372530 |
| DUE FROM BOBSGUIDE | 553764 |
| DUE FROM ASSOCIATION | 50283 |
| DUE FROM AFPN | 128342 |
| DEPOSITS | 31619 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7919596 | TotalBookValueOtherAssets |
Other Liabilities OtherLiabilities (6 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| DEFERRED COMPENSATION | $2,525,278 |
| DEFERRED RENT | $1,194,251 |
| CAPITAL LEASE PAYABLE | $3,015 |
| DUE TO AFP CANADA | $72,893 |
| DUE TO ASSOCIATION | $50,283 |
| DUE TO C-STREAM | $61,842 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 3907562 | TotalOfAmounts |
| Footnote In Part XIII | X | FootnoteInPartXIII |
| Tot Revenue Etc Audited Fincl Stmt | 22772101 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 627273 | NetUnrealizedGainsInvestments |
| Other Revenues | 444744 | OtherRevenues |
| Revenue Not Rptd F990 | 1072017 | RevenueNotRptdF990 |
| Revenue Subtotal | 21700084 | RevenueSubtotal |
| Other Revenues Not Included | 79165 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 79165 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 21779249 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 26178549 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 2405456 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 2405456 | ExpensesNotRptdF990 |
| Expenses Subtotal | 23773093 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 79165 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 19898 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 99063 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 23872156 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIII Form990ScheduleDPartXIII (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | PART X, LINE 2: | THE ASSOCIATION IS EXEMPT FROM THE PAYMENT OF FEDERAL INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. HOWEVER, THE ASSOCIATION IS SUBJECT TO INCOME TAX ON UNRELATED BUSINESS INCOME ACTIVITY. FOR THE YEAR ENDED JUNE 30, 2013 AND 2012, THE ASSOCIATION HAD NET UNRELATED BUSINESS INCOME OF APPROXIMATELY $23,774 AND $128,478, RESPECTIVELY. AFPC IS EXEMPT FROM THE PAYMENT OF CANADIAN INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 149(1)E OF THE INCOME TAX ACT. C-STREAM AND MYGUIDES ARE SUBJECT TO THE UK CORPORATION TAX. AFPAN IS A SINGLE MEMBER LIMITED LIABILITY COMPANY AND HAS ELECTED TO BE TAXED AS A CORPORATION FOR FEDERAL INCOME TAX PURPOSES. 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 ORGANIZATION 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. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, THE ASSOCIATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2010. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | AFFILIATE REVENUE INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 444,744. | |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | AFFILIATE EXPENSES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENT 2,405,456. | |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FOREIGN CURRENCY GAIN 19,898. |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENT IN C-STREAM, LTD. | 1356523 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | INVESTMENT IN MYGUIDES, LTD. | 964550 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 0 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 0 | SubtotalNumberOfEmployees |
| Cont Number Of Offices | 0 | ContNumberOfOffices |
| Cont Number Of Employees | 0 | ContNumberOfEmployees |
| Total Number Of Offices | 0 | TotalNumberOfOffices |
| Total Number Of Employees | 0 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 2321073 | SubtotalAmountSpent |
| Cont Amount Spent | 0 | ContAmountSpent |
| Total Amount Spent | 2321073 | TotalAmountSpent |
| Transfer To Foreign Corp | 0 | TransferToForeignCorp |
| Interest In Foreign Trust | 0 | InterestInForeignTrust |
| Own Foreign Corp | 1 | OwnForeignCorp |
| Passive Foreign Invest Co | 0 | PassiveForeignInvestCo |
| Foreign Partnership | 0 | ForeignPartnership |
| Boycott Countries | 0 | BoycottCountries |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 0 | RecordsMaintained |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Independent Consultant | X | IndependentConsultant |
| Form990 Of Other Organizations | X | Form990OfOtherOrganizations |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII (11 entries)
| TitleTitle | Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JAMES KAITZ | ||||||||||||||
| CEO | 492367 | 0 | 285000 | 0 | 24040 | 0 | 38051 | 0 | 17695 | 0 | 857153 | 0 | 0 | 0 |
| JOSEPH DESALVIO | ||||||||||||||
| CFO | 233577 | 0 | 24500 | 0 | 17966 | 0 | 30870 | 0 | 19075 | 0 | 325988 | 0 | 0 | 0 |
| THOMAS DERRY | ||||||||||||||
| FORMER COO | 153596 | 0 | 0 | 0 | 518 | 0 | 30483 | 0 | 12376 | 0 | 196973 | 0 | 0 | 0 |
| JEFF GLENZER | ||||||||||||||
| CHIEF CONTENT OFFICER | 175669 | 0 | 24500 | 0 | 17580 | 0 | 31934 | 0 | 15626 | 0 | 265309 | 0 | 0 | 0 |
| PAUL AUCHINCLOSS | ||||||||||||||
| MANAGING DIRECTOR, SALES | 332959 | 0 | 0 | 0 | 17825 | 0 | 66183 | 0 | 14775 | 0 | 431742 | 0 | 0 | 0 |
| DAVID LEWIS | ||||||||||||||
| MANAGING DIRECTOR, MEMBERSHIP | 145623 | 0 | 24500 | 0 | 16854 | 0 | 21732 | 0 | 14285 | 0 | 222994 | 0 | 0 | 0 |
| DEBORAH FORBES | ||||||||||||||
| EXECUTIVE DIRECTOR, CIEBA | 195040 | 0 | 15375 | 0 | 19772 | 0 | 22872 | 0 | 13850 | 0 | 266909 | 0 | 0 | 0 |
| ROBERT GREEN | ||||||||||||||
| DIRECTOR, SALES | 189032 | 0 | 0 | 0 | 500 | 0 | 27698 | 0 | 14500 | 0 | 231730 | 0 | 0 | 0 |
| KEVIN ROTH | ||||||||||||||
| MANAGING DIRECTOR, RESEARCH | 145260 | 0 | 24500 | 0 | 17283 | 0 | 27284 | 0 | 19288 | 0 | 233615 | 0 | 0 | 0 |
| CRAIG MARTIN | ||||||||||||||
| DIRECTOR, TREASURY PRACTICE | 168703 | 0 | 13000 | 0 | 1388 | 0 | 27730 | 0 | 14310 | 0 | 225131 | 0 | 0 | 0 |
| MARYELLEN SAUNDERS | ||||||||||||||
| MANAGING DIRECTOR, EDUCATION | 138101 | 0 | 22121 | 0 | 18177 | 0 | 25061 | 0 | 9150 | 0 | 212610 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Reference | PART I, LINE 1A | ReturnReference |
| Explanation | JAMES KAITZ, HEALTH CLUB DUES $528, INCLUDED IN TAXABLE WAGES | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (10 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| CHANGES IN PROGRAM SERVICES | FORM 990, PART III, LINE 3 | THE NEW CERTIFIED CORPORATE FP&A PROFESSIONAL CREDENTIALS ARE BEING ESTABLISHED. EXPENSES RELATED TO THE CREDENTIAL ARE INCLUDED WITHIN THE PROFESSIONAL DEVELOPMENT PROGRAM. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE ORGANIZATION HAS FOLLOWING TYPES OF MEMBERS: PRACTITIONER MEMBER - AN INDIVIDUAL IS A PRACTITIONER MEMBER IF HE OR SHE IS INVOLVED IN FINANCIAL MANAGEMENT FUNCTIONS WITHIN HIS OR HER ORGANIZATION AND IS A MAJOR PARTICIPANT IN DECISION-MAKING REGARDING SUCH FUNCTIONS. ASSOCIATE MEMBER - AN INDIVIDUAL WILL BE CONSIDERED AN ASSOCIATE MEMBER IF HE OR SHE DOES NOT MEET THE MEMBERSHIP CRITERIA TO BE A PRACTITIONER MEMBER, BUT IS INVOLVED IN, OR INTERESTED IN, FINANCIAL MANAGEMENT ACTIVITIES SUCH AS BANKING, CONSULTING, ETC. ACADEMIC MEMBER - AN INDIVIDUAL IS AN ACADEMIC MEMBER IF HE OR SHE IS EMPLOYED FULL TIME BY A POST-SECONDARY EDUCATIONAL INSTITUTION AND HIS/HER PRINCIPAL DUTIES INVOLVE TEACHING AND RESEARCH IN MATTERS RELATED TO TREASURY AND FINANCIAL MANAGEMENT. STUDENT MEMBER - AN INDIVIDUAL IS A STUDENT MEMBER IF HE/SHE IS A COLLEGE OR UNIVERSITY JUNIOR, SENIOR OR GRADUATE LEVEL STUDENT MAJORING IN A BUSINESS OR FINANCE RELATED FIELD. | |
| FORM 990, PART VI, SECTION A, LINE 7A | ONLY PRACTITIONER MEMBERS ARE ALLOWED TO VOTE ON ASSOCIATION FOR FINANCIAL PROFESSIONALS MATTERS AND HOLD OFFICE IN THE ASSOCIATION FOR FINANCIAL PROFESSIONALS. PRACTITIONERS ELECT A SLATE OF BOARD CANDIDATES BY DIRECT BALLOTS. | |
| FORM 990, PART VI, SECTION A, LINE 7B | PRACTITIONER MEMBERS CAN VOTE ON ALL ASSOCIATION FOR FINANCIAL PROFESSIONAL MATTERS INCLUDING CHANGES TO GOVERNING DOCUMENTS. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ASSOCIATION'S MANAGEMENT REVIEWS THE FORM 990 IN DETAIL AND THEN PROVIDES AN ELECTRONIC COPY OF THE REVIEWED DRAFT FOR BOARD MEMBERS TO ACCESS FOR REVIEW AND ASK QUESTIONS PRIOR TO FILING WITH THE IRS. | |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL EMPLOYEES AND ALL MEMBERS OF THE BOARD OF DIRECTORS ARE REQUIRED TO CERTIFY ANNUALLY THAT THEY WILL COMPLY WITH ASSOCIATION POLICY ON CONFLICTS OF INTEREST AND DISCLOSE CONFLICTS OF INTEREST. INFORMATION CONCERNING POSSIBLE VIOLATIONS OF ASSOCIATION POLICY ARE TO BE REPORTED TO SENIOR MANAGEMENT (CEO, COO, CFO OR DIRECTOR OF HR) OR, IN THE CASE OF INFORMATION CONCERNING FINANCIAL CONFLICTS OF INTEREST, MAY BE REPORTED DIRECTLY TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. POTENTIAL CONFLICTS ARE ADDRESSED ON A CASE-BY-CASE BASIS BY THE APPROPRIATE LEVEL OF MANAGEMENT OR BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. IF A CONFLICT IS DETERMINED TO EXIST AT THE BOARD LEVEL, THE INDIVIDUAL IS NOT PERMITTED TO VOTE ON THE TRANSACTION. ALL PROCEEDINGS RELATED TO CONFLICT OF INTEREST ARE NOTED IN THE MEETING MINUTES. THIS WAS MOST RECENTLY COMPLETED IN 2012. | |
| FORM 990, PART VI, SECTION B, LINE 15A | THE BOARD RETAINS AN INDEPENDENT CONSULTANT TO RECOMMEND CHANGES TO PRESIDENT/CEO COMPENSATION. THE CONSULTANT MAKES RECOMMENDATIONS TO THE OVERSIGHT COMMITTEE OF THE BOARD BASED ON ANALYSIS OF PRESIDENT/CEO COMPENSATION AT PEER ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS. THE PROCESS FOR DETERMINING COMPENSATION LEVELS FOR OTHER OFFICERS AND KEY EMPLOYEES INCLUDES ANALYSIS OF EACH POSITION BASED ON BENCHMARKS AGAINST OTHER ORGANIZATIONS OF SIMILAR SIZE AND COMPLEXITY BY THE HUMAN RESOURCES DEPARTMENT. ANNUAL EMPLOYEE REVIEWS ARE CONDUCTED BY THE CEO AND OR DIRECT SUPERVISOR. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. | |
| OTHER FEES | FORM 990, PART IX, LINE 11G | OUTSIDE SERVICES: TOTAL EXPENSES 4,100,903. CONSULTANTS: TOTAL EXPENSES 335,675. TEMPORARY EMPLOYMENT: TOTAL EXPENSES 32,897. |
| CHANGES IN NET ASSETS OR FUND BALANCES: | FORM 990, PART XI, LINE 9: | FOREIGN CURRENCY GAIN 19,898. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part II Form990ScheduleRPartII
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ASSOCATION FOR FINANCIAL PROFESSIONALS OF CANADA | BusinessNameLine1 |
Address Foreign AddressForeign
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 40 KING STREET WEST 5800 | AddressLine1 |
| City | TORONTO, ONTARIO | City |
| Country | CA | Country |
| Postal Code | M5H3SA | PostalCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 863274908 | EIN |
| Primary Activities | MEMBER ASSOCIATION | PrimaryActivities |
| Legal Domicile Foreign Country | CA | LegalDomicileForeignCountry |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Controlled Org | 0 | ControlledOrg |
Form990 Schedule R Part IV Form990ScheduleRPartIV (3 entries)
| Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Primary ActivityPrimaryActivity | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Business Name Line1DirectControllingEntityName/BusinessNameLine1 | Type Of EntityTypeOfEntity | Share Of Total IncomeShareOfTotalIncome | Share Of EOY AssetsShareOfEOYAssets | Percentage OwnershipPercentageOwnership | Controlled OrgControlledOrg | Address Line1AddressUS/AddressLine1 | CityAddressUS/City | StateAddressUS/State | ZIP CodeAddressUS/ZIPCode | EINEIN | Legal Domicile StateLegalDomicileState |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C-STREAM LTD DBA GTNEWS | |||||||||||||||||
| 3RD FLOOR NORTHUMBERLAND HOUSE 155- | LONDON | UK | W1W 6QP | WEB BASED GLOBAL TREASURY/FINANCE RESOURCE | UK | ASSOCIATION FOR FINANCIAL PROFESSIONALS | C | 963952 | 1356523 | 1.00000 | 0 | ||||||
| MYGUIDES LTD DBA BOBSGUIDE | |||||||||||||||||
| 3RD FLOOR NORTHUMBERLAND HOUSE 155- | LONDON | UK | W1W 6QP | ADVERTISING RESOURCE FOR THE FINANCIAL COMMUNITY | UK | C-STREAM LTD DBA GTNEWS | C | 1197248 | 964550 | 1.00000 | 0 | ||||||
| AFP ADVISORS NETWORK LLC | |||||||||||||||||
| PROJECT BASED CONSULTING SERVICES | ASSOCIATION FOR FINANCIAL PROFESSIONALS | C | 113215 | 1.00000 | 0 | 4520 EAST-WEST HIGHWAY SUITE 750 | BETHESDA | MD | 20814 | 462601186 | DE | ||||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 1 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 1 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 1 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Dividends Related Organization | 0 | DividendsRelatedOrganization |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 1 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 1 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
Transactions Related Orgs Table TransactionsRelatedOrgsTable (11 entries)
| Transaction TypeTransactionType | Amount InvolvedAmountInvolved | Method Of Amt DeterminationMethodOfAmtDetermination |
|---|---|---|
| AFP ADVISORS NETWORK LLC | ||
| B | 100000 | BOOK VALUE |
| AFP ADVISORS NETWORK LLC | ||
| D | 128342 | BOOK VALUE |
| AFP ADVISORS NETWORK LLC | ||
| Q | 38072 | BOOK VALUE |
| C-STREAM LTD DBA GTNEWS | ||
| A | 145420 | BOOK VALUE |
| C-STREAM LTD DBA GTNEWS | ||
| Q | 300000 | BOOK VALUE |
| C-STREAM LTD DBA GTNEWS | ||
| D | 4310688 | BOOK VALUE |
| MYGUIDES LTD DBA BOBSGUIDE | ||
| Q | 240000 | BOOK VALUE |
| MYGUIDES LTD DBA BOBSGUIDE | ||
| D | 553764 | BOOK VALUE |
| ASSOCIATION FOR FINANCIAL PROFESSIONALS OF CANADA | ||
| Q | 374000 | BOOK VALUE |
| ASSOCIATION FOR FINANCIAL PROFESSIONALS OF CANADA | ||
| D | 184887 | BOOK VALUE |
| C-STREAM LTD DBA GTNEWS | ||
| H | 648878 | BOOK VALUE |