2012-05-08T15:37:37-05:00 2011-06-30 CLIFTONLARSONALLEN LLP 2900 SOUTH QUINCY ST SUITE 150 ARLINGTON VA 22206 990 2010-07-01 581424769 ASSOCIATION FOR FINANCIAL PROFESSIONALS ASSO 3019072862 4520 EAST WEST HIGHWAY NO 750 BETHESDA MD 20814 JAMES A KAITZ 3019072862 2012-05-03 1 KAREN GRIES 7039985100 2010 2016-02-24 21:20:13Z JAMES A KAITZ 4520 EAST WEST HIGHWAY NO 750 BETHESDA MD 20814 43212268 0 X WWW.AFPONLINE.ORG X 1980 MD TO SUPPORT MEMBERS THROUGH RESEARCH, EDUCATION, CERTIFICATION, PUBLICATIONS, AND REPRESENTATION. 15 15 76 145 1435094 97039 0 0 16207050 17365891 854020 423949 405640 457383 17466710 18247223 0 0 0 0 7733196 8547451 0 0 0 9749126 10957625 17482322 19505076 -15612 -1257853 33630668 35875778 14726612 15245421 18904056 20630357 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 0 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. TREASURY MANAGEMENT FORUMLECTURES, INDUSTRY EXPERT PANELS, AND PEER EXCHANGE FORUMS ON REGULATORY COMPLIANCE AND BEST PRACTICES IN TREASURY MANAGEMENT. 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 12,100 MEMBERS WITH ACCESS TO SPECIALIZED TOOLS AND DATA SUCH AS SAMPLE RFPS FOR BANKING SERVICES, DETAILED INFORMATION ON CONDUCTING CORPORATE FINANCIAL MANAGEMENT FUNCTIONS IN 30 MAJOR COUNTRIES, SAMPLE CORPORATE POLICIES, AND DATA ON CURRENT CREDIT MARKET RATES TO ASSIST FINANCIAL PROFESSIONALS IN EXECUTING CORPORATE FINANCIAL MANAGEMENT FUNCTIONS. 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 58 0 1 76 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 X MICHAEL CONNOLLY 5.00 X X 0 0 0 SUSAN GLASS 5.00 X X 0 0 0 ANITA PATTERSON 5.00 X 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 X 0 0 0 JAMES KAITZ 50.00 X 749843 0 47375 JOSEPH DESALVIO 50.00 X 0 0 0 FRANCIS SHAFER 50.00 X 176153 0 24718 TOM DERRY 50.00 X 293746 0 47675 PAUL AUCHINCLOSS 40.00 X 345250 0 64781 JEFF GLENZER 40.00 X 192311 0 40137 RENEE JOE 40.00 X 183544 0 26702 DAVE LEWIS 40.00 X 157686 0 21304 ROBERT GREENE 40.00 X 150167 0 30529 ELIZABETH JOHNS 40.00 X 162110 0 21682 CRAIG MARTIN 40.00 X 167172 0 29799 BRIAN KALISH 40.00 X 155503 0 26484 KEVIN ROTH 40.00 X 166721 0 36656 2900206 0 417842 25 0 1 0 THE RK GROUP PO BOX 1361 SAN ANTONIO TX 78295 CATERING FOR ANNUAL MEETING 629935 MC ARDLE PRINTING 800 COMMERCE DRIVE UPPER MARLBORO MD 20774 PRINTING 277165 WILLIAMSGERARD PRODUCTIONS PO BOX 95801 CHICAGO IL 60694 PRODUCTIONS - ANNUAL MEETING 271212 OUTSIDE THE BOX EVENT PRODUCTIONS 21702 HARDY OAK BLVD SUITE 105 SAN ANTONIO TX 78258 PRODUCTIONS - ANNUAL MEETING 180850 KUSHNER AND ASSOCIATES 3444 CLOUDCROFT DRIVE MALIBU CA 90265 TRANSPORTATION SERVICES - ANNUAL MEETING 135495 13 CONFERENCES 541900 8212772 8119772 93000 MEMBERSHIP DUES 900099 4850109 4850109 PROFESSIONAL DEVELOPME 541900 2836778 2836778 COMMUNICATIONS 511120 1112155 -229939 1342094 CEIBA 541900 354077 354077 17365891 697338 697338 10310 10310 24691656 24965045 -273389 -273389 -273389 MANAGEMENT FEES 541800 281766 281766 INTERCOMPANY INTEREST 900099 154484 154484 MISCELLANEOUS 900099 10823 10823 447073 18247223 15930797 1435094 881332 2458732 4855255 754651 16235 462578 353096 63680 87917 2994053 170882 1374965 40340 946984 797947 1030168 77604 558396 688100 HONORAIA 779207 AUDIO VISUAL RENTAL 228130 TEMPORARY EMPLOYMENT 173453 FACILITY RENTAL 96647 EXPOSITION CONTRACTOR 91575 404481 19505076 503 2729303 1996934 445490 182691 794844 995804 4436875 2098435 2581109 2338440 19181359 21562590 2454391 2454391 5443669 6344928 33630668 35875778 1823195 2106650 6836731 7739391 2500000 1250000 3566686 4149380 14726612 15245421 X 18055056 19725802 849000 904555 18904056 20630357 33630668 35875778 X -1257853 2984154 X 0 1 1 X 0 0 0 0 4850109 56151 56151 0 56151 1833545 784511 1049034 712710 306376 406334 1890620 1007548 883072 2338440 DEFERRED COMPENSATION 2093940 DUE FROM AFP CANADA 356171 DUE FROM GT NEWS 3782300 DUE FROM BOBSGUIDE 112517 6344928 DEFERRED COMPENSATION 2093940 DEFERRED RENT 1634757 CAPITAL LEASE PAYABLE, CURRENT PORTION 8362 DUE TO AFP CANADA 400436 CAPITAL LEASE PAYABLE, NET OF CURRENT PORTION 11885 4149380 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 2008 TO 2010 ARE OPEN FOR EXAMINATION BY FEDERAL, STATE AND LOCAL AUTHORITIES. X 1 1 X X X X X X 1 1 0 JAMES KAITZ 483843 0 266000 0 0 0 31603 0 15772 0 797218 0 0 0 FRANCIS SHAFER 128775 0 10000 0 37378 0 21706 0 3012 0 200871 0 0 0 TOM DERRY 243746 0 50000 0 0 0 30583 0 17092 0 341421 0 0 0 PAUL AUCHINCLOSS 195248 0 150002 0 0 0 47757 0 17024 0 410031 0 0 0 JEFF GLENZER 177811 0 14500 0 0 0 23619 0 16518 0 232448 0 0 0 RENEE JOE 170544 0 13000 0 0 0 22604 0 4098 0 210246 0 0 0 DAVE LEWIS 143186 0 14500 0 0 0 17371 0 3933 0 178990 0 0 0 ROBERT GREENE 71584 0 78583 0 0 0 16322 0 14207 0 180696 0 0 0 ELIZABETH JOHNS 149110 0 13000 0 0 0 19809 0 1873 0 183792 0 0 0 CRAIG MARTIN 159672 0 7500 0 0 0 13394 0 16405 0 196971 0 0 0 BRIAN KALISH 151003 0 4500 0 0 0 12094 0 14390 0 181987 0 0 0 KEVIN ROTH 151221 0 15500 0 0 0 20295 0 16361 0 203377 0 0 0 PART I, LINE 1A JAMES KAITZ - HEALTH CLUB DUES $1260, INCLUDED IN TAXABLE WAGES. PART I, LINES 4A-B FRANCIS SHAFER, SEVERANCE PAYMENT - $37,379 PAUL AUCHINCLOSS, 457(F) - $30,000 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 CANDIDATE BY DIRECT BALLOTS. 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 2011. 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 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 2011. 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. JOSEPH DESALVIO CAME ABOARD AS A CHIEF FINANCIAL OFFICER ON 02/15/2011. AS FORM 990, PART VII SUCH, HE DID NOT RECEIVE A 2010 FORM W-2. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,987,739. FOREIGN CURRENCY LOSS -3,585. TOTAL TO FORM 990, PART XI, LINE 5: 2,984,154. ASSOCIATION FOR FINANCIAL PROFESSIONALS OF CANADA PO BOS 4679 POSTAL STATION A TORONTO CA M5W 6A6 ASSN FOR FINANCIAL PROFESSIONALS CA N/A 0 C-STREAM LTD DBA GTNEWS 2ND FLOOR KENILWORTH HOUSE 79-80 M LONDON UK C4A 3TW 581424769 WEB BASED GLOBAL TREASURY/FINANCE RESOURCE UK ASSOCIATION FOR FINANCIAL PROFESSIONALS C 1864977 3136421 1.00000 MYGUIDES LTD DEA BOBSGUIDE 5 NEW STREET SQUARE LONDON UK ONLINE DIRECTORY/B2B TECHNOLOGIES & TOOLS FOR FINANCE PROFS UK C-STREAM C 1243152 912442 1.00000 1 0 0 1 1 0 0 0 0 0 1 0 0 0 1 0 0 0 C-STREAM A 154484 BOOK VALUE C-STREAM D 306286 BOOK VALUE C-STREAM K 156726 BOOK VALUE MYGUIDES K 106627 BOOK VALUE ASSOCIATION FOR FINANCIAL PROFESSIONALS OF CANADA E 131255 BOOK VALUE