2013-05-15T11:45:55-05:00 2012-06-30 410746749 CLIFTONLARSONALLEN LLP 4250 N FAIRFAX DRIVE SUITE 1020 ARLINGTON VA 22203 990 2011-07-01 581424769 ASSOCIATION FOR FINANCIAL PROFESSIONALS ASSO 3019072862 4520 EAST WEST HIGHWAY NO 750 BETHESDA MD 20814 JOSEPH A DESALVIO 3019072862 2013-05-14 1 KAREN GRIES P00078514 5712279500 2011 2016-02-25 16:41:14Z JAMES KAITZ 4520 EAST WEST HIGHWAY NO 750 BETHESDA MD 20814 26246152 0 X WWW.AFPONLINE.ORG X 1980 MD TO SUPPORT MEMBERS THROUGH RESEARCH, EDUCATION, CERTIFICATION, PUBLICATIONS, AND REPRESENTATION. 15 15 74 140 1456309 116044 0 0 17365891 19662900 423949 1060986 457383 634323 18247223 21358209 0 0 0 0 8547451 8868136 0 0 0 10957624 12166139 19505075 21034275 -1257852 323934 35875778 35542209 15245421 16023411 20630357 19518798 X TO CREATE A NATIONAL FORUM FOR THE EXCHANGE OF CONCEPTS AND TECHNIQUES RELATED TO IMPROVING FINANCIAL MANAGEMENT THROUGH EDUCATION, COMMUNICATION, AND RECOGNITION OF THE PROFESSION. 0 1 EXCHANGE MAGAZINEPUBLISHED TEN ISSUES CONTAINING TIMELY AND AUTHORITATIVE ARTICLES ON CHANGES IN LAW AND REGULATION AND CURRENT DEVELOPMENTS IN CORPORATE FINANCIAL MANAGEMENT FUNCTIONS. ANNUAL CONFERENCEMORE THAN 130 WORKSHOPS, PEER-REVIEWED LECTURES, AND PRESENTATIONS ON CORPORATE FINANCIAL MANAGEMENT TOPICS SUCH AS TREASURY AND CASH MANAGEMENT, BANK RELATIONSHIP MANAGEMENT, LIQUIDITY MANAGEMENT, WORKING CAPITAL MANAGEMENT, PAYMENTS, FINANCIAL PLANNING AND ANALYSIS AND PENSIONS AND EMPLOYEE BENEFIT PLANS. ATTENDANCE AT THE ANNUAL CONFERENCE WAS IN EXCESS OF 6,000 CORPORATE PRACTIONERS, ASSOCIATES AND ACADEMICS. CERTIFICATIONADMINISTERED THE CERTIFIED TREASURY PROFESSIONAL EXAM TO APPROXIMATELY 2,500 CANDIDATES; RE-CERTIFIED APPROXIMATELY 2,100 ADDITIONAL CTPS THAT MET THE REQUIREMENT FOR CONTINUING PROFESSIONAL EDUCATION CREDITS OVER A THREE YEAR PERIOD. GLOBAL CORPORATE TREASURER'S FORUMLECTURES, INDUSTRY EXPERT PANELS, AND PEER EXCHANGE FORUMS ON REGULATORY COMPLIANCE AND BEST PRACTICES IN TREASURY MANAGEMENT FUNCTIONS FOR CORPORATE TREASURERS.EDUCATIONCONDUCTED WORKSHOPS, WEBINARS AND SEMINARS ON A VARIETY OF TOPICS IN CORPORATE FINANCE, CASH MANAGEMENT, FRAUD PREVENTION, FINANCIAL RISK MANAGEMENT, BANK RELATIONSHIP MANAGEMENT, CASHFLOW FORECASTING, CORPORATE PAYMENTS, AND SIMILAR TOPICS.PUBLICATIONSPUBLISHED MONTHLY NEWSLETTERS ON ECONOMICS, CORPORATE PAYMENTS, RISK MANAGEMENT, CAREER DEVELOPMENT, AND LEGAL AND REGULATORY DEVELOPMENTS.MEMBERSHIPPROVIDED OVER 12,500 MEMBER PROFESSIONALS WITH BEST PRACTICE TOOLS, IN-DEPTH RESEARCH, GLOBAL FINANCE NEWS, CONTINUING EDUCATION, NETWORKING OPPORTUNITIES AND PROFESSIONAL DEVELOPMENT SERVICES. 0 0 0 1 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 0 0 0 0 0 0 1 1 1 0 1 72 0 1 74 1 1 1 1 CA UK 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X JOSEPH DESALVIO 3019072862 4520 EAST WEST HIGHWAY NO 750 BETHESDA MD 20814 MICHAEL CONNOLLY 5.00 X 0 0 0 SUSAN GLASS 5.00 X 0 0 0 ANITA PATTERSON 5.00 X 0 0 0 ANN ANTHONY 5.00 X 0 0 0 JEFF CAPPELLETTI 5.00 X 0 0 0 CRAIG EHRNST 5.00 X 0 0 0 ROBERTA EISEMAN 5.00 X 0 0 0 JAMES GILLIGAN 5.00 X 0 0 0 PATRICIA HUI 5.00 X 0 0 0 JEFF JOHNSON 5.00 X 0 0 0 MAUREEN O'BOYLE 5.00 X 0 0 0 DENNIS REEDY 5.00 X 0 0 0 D ANTHONY SCAGLIONE 5.00 X 0 0 0 ADRIENNE URBAN 5.00 X 0 0 0 IRA BIRNS 5.00 X 0 0 0 JAMES KAITZ 50.00 X 779994 0 56912 JOSEPH DESALVIO 50.00 X 229536 0 21748 TOM DERRY 50.00 X 325748 0 109828 PAUL AUCHINCLOSS 40.00 X 354139 0 81310 JEFF GLENZER 40.00 X 207540 0 51296 DAVE LEWIS 40.00 X 177068 0 36785 ROBERT GREENE 40.00 X 174718 0 45704 ELIZABETH JOHNS 40.00 X 171055 0 27761 CRAIG MARTIN 40.00 X 171749 0 44313 BRIAN KALISH 40.00 X 167564 0 44868 KEVIN ROTH 40.00 X 177802 0 48254 RENEE JOE 40.00 X 84119 0 4607 3021032 0 573386 25 1 1 0 LEVY RESTAURANTS 415 SUMMER STREET BOSTON MA 02210 CONFERENCE CATERING 931082 MC ARDLE PRINTING 800 COMMERCE DRIVE UPPER MARLBORO MD 20774 PRINTING 399888 KUSHNER AND ASSOCIATES 3444 CLOUDCROFT DRIVE MALIBU CA 90265 CONFERENCE TRANSPORTATION 281282 MASSACHUSETTS CONVENTION CENTER 415 SUMMER STREET BOSTON MA 02210 CONFERENCE SITE 268962 ANN SMITH COMMUNICATIONS 13603 BRASS HARNESS COURT HERNDON VA 20171 MEDIA BUYS 265584 21 CONFERENCES 541900 10784405 10609099 175306 MEMBERSHIP DUES 900099 4748057 4748057 PROFESSIONAL DEVELOPME 541900 2787732 2787732 COMMUNICATIONS 511120 971178 -309825 1281003 CIEBA 541900 371528 371528 19662900 549722 549722 5769 5769 5399207 4887943 511264 511264 511264 MANAGEMENT FEES 541800 440898 440898 INTERCOMPANY INTEREST 900099 153549 153549 MISCELLANEOUS 900099 34107 34107 628554 21358209 18206591 1456309 1695309 2230293 5330070 836262 3253 468258 227644 70067 82963 3393154 254737 1463607 62717 1304175 737296 1365392 42734 606669 810774 HONORARIA 866375 AUDIO VISUAL RENTAL 238481 EXPOSITION CONTRACTOR 136665 MAIL HOUSE EXPENSE 105920 396769 21034275 1996934 611511 182691 634811 995804 1267432 4589694 2697638 2338440 1892056 21562590 21123142 2454391 2454391 6344928 7558866 35875778 35542209 2106650 2211347 7739391 8079459 1250000 1250000 4149380 4482605 15245421 16023411 X 19725802 18227815 904555 1290983 20630357 19518798 35875778 35542209 X 323934 -1435493 X X 0 1 1 X 0 0 0 0 4748057 48256 48256 0 48256 1833545 969674 863871 698540 373476 325064 2057609 1354488 703121 1892056 DEFERRED COMPENSATION 2275566 DUE FROM AFP CANADA 580866 DUE FROM GT NEWS 4373272 DUE FROM BOBSGUIDE 296613 DUE FROM ASSOCIATION 32549 7558866 DEFERRED COMPENSATION 2275566 DEFERRED RENT 1430782 CAPITAL LEASE PAYABLE, CURRENT PORTION 8792 DUE TO AFP CANADA 669823 CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION 3808 DUE TO ASSOCIATION 32549 DUE TO C-STREAM 61285 4482605 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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. 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. FOR ITS INCOME TAX LIABILITY, THE ORGANIZATION FOLLOWS A POLICY THAT PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PRINCIPLES FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ASSOCIATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. THE TAX RETURNS FOR THE FISCAL YEARS ENDED 2009 TO 2011 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. X 1 1 X X X X X 1 0 0 JAMES KAITZ 487494 0 276000 0 16500 0 39577 0 17335 0 836906 0 0 0 JOSEPH DESALVIO 193036 0 20000 0 16500 0 3075 0 18673 0 251284 0 0 0 TOM DERRY 250036 0 70000 0 5712 0 91349 0 18479 0 435576 0 0 0 PAUL AUCHINCLOSS 186784 0 150855 0 16500 0 65352 0 15958 0 435449 0 0 0 JEFF GLENZER 169540 0 21500 0 16500 0 33847 0 17449 0 258836 0 0 0 DAVE LEWIS 139968 0 22500 0 14600 0 21810 0 14975 0 213853 0 0 0 ROBERT GREENE 75650 0 99068 0 0 0 29346 0 16358 0 220422 0 0 0 ELIZABETH JOHNS 137555 0 17000 0 16500 0 25729 0 2032 0 198816 0 0 0 CRAIG MARTIN 165196 0 6553 0 0 0 29226 0 15087 0 216062 0 0 0 BRIAN KALISH 157564 0 10000 0 0 0 28473 0 16395 0 212432 0 0 0 KEVIN ROTH 139802 0 21500 0 16500 0 28241 0 20013 0 226056 0 0 0 RENEE JOE 32427 0 0 0 51692 0 2075 0 2532 0 88726 0 0 0 PART I, LINE 1A JAMES KAITZ - HEALTH CLUB DUES $1270, INCLUDED IN TAXABLE WAGES PART I, LINE 4A RENEE JOE, FORMER MANAGING DIRECTOR OF MARKETING RECEIVED $51,692 OF SEVERANCE PAYMENTS. CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 THE TREASURY MANAGEMENT FORUM IS NO LONGER OFFERED. FORM 990, PART VI, SECTION A, LINE 6 1. 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. 2. 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. 3. 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. 4. 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 BALLOT. FORM 990, PART VI, SECTION A, LINE 7B PRACTITIONER MEMBERS CAN VOTE ON ALL ASSOCIATION FOR FINANCIAL PROFESSIONALS 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 15 THE BOARD RETAINS AN INDEPENDENT CONSULTANT TO RECOMMEND CHANGES TO PRESIDENT/CEO COMPENSATION. THE CONSULTANT MAKES RECOMMENDATIONS TO THE PRESIDENT/CEO OVERSIGHT COMMITTEE OF THE BOARD BASED ON ANALYSIS OF PRESIDENT/CEO COMPENSATION AT PEER ORGANIZATIONS AS DETERMINED BY THE BOARD OF DIRECTORS. THE MOST RECENT YEAR THE PROCESS TOOK PLACE WAS 2010. THE NEXT IS SCHEDULED FOR 2012-2013. 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 ASSOCIATION'S HUMAN RESOURCES DEPARTMENT. ANNUAL EMPLOYEE REVIEWS ARE CONDUCTED BY THE PRESIDENT/CEO OR DIRECT SUPERVISOR, AS APPLICABLE TO BE USED IN DETERMINING INDIVIDUAL COMPENSATION CHANGES. THE MOST RECENT YEAR THE PROCESS TOOK PLACE WAS 2012. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMETNS ARE NOT MADE AVAILABLE TO THE PUBLIC. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,436,686. FOREIGN CURRENCY GAIN 1,193. TOTAL TO FORM 990, PART XI, LINE 5: -1,435,493. FORM 990, PART XII, LINE 2C: NO CHANGE IN METHOD FROM PRIOR YEAR ASSOCIATION FOR FINANCIAL PROFESSIONALS OF CANADA 40 KING STREET WEST 5800 TORONTO ONTARIO CA M5H3S1 863274908 MEMBER ASSOCIATION CA N/A 0 C-STREAM LTD DBA GTNEWS 3RD FLOOR NORTHUMBERLAND HOUSE 155- LONDON LONDON UK W1W 6QP WEB BASED GLOBAL TREASURY/FINANCE RESOURCE UK ASSOCIATION FOR FINANCIAL PROFESSIONALS C -536398 3138736 1.00000 MYGUIDES LTD DBA BOBSGUIDE 3RD FLOOR NORTHUMBERLAND HOUSE 155- LONDON LONDON UK W1W 6QP ADVERTISING RESOURCE FOR THE FINANCIAL COMMUNITY UK ASSOCIATION FOR FINANCIAL PROFESSIONALS C 31289 1004883 1.00000 1 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 0 0 AFPC O 269387 BOOK VALUE AFPC P 215046 BOOK VALUE C-STREAM A 153549 BOOK VALUE C-STREAM D 2896203 BOOK VALUE C-STREAM K 239156 BOOK VALUE MY GUIDES K 182781 BOOK VALUE C-STREAM O 61285 BOOK VALUE MY GUIDES P 44988 BOOK VALUE C-STREAM P 185791 BOOK VALUE