2012-10-01T10:34:35-05:00 2011-12-31 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2011-01-01 260893414 GREEN BUILDING CERTIFICATION INSTITUTE GREE 8007951746 2101 L STREET NW NO 650 WASHINGTON DC 20037 MAHESH RAMANUJAM 8007951746 2012-09-25 1 WILLIAM E TURCO CPA P00369217 3012963600 2011 2016-02-24 21:20:13Z PETER TEMPLETON 2101 L STREET NW NO 650 WASHINGTON DC 20037 36236046 0 X WWW.GBCI.ORG X 2007 DC THE GREEN BUILDING CERTIFICATION INSTITUTE (GBCI) IS AN INDEPENDENT, THIRD-PARTY ORGANIZATION COMMITTED TO ENSURING PRECISION IN THE DESIGN, DEVELOPMENT, AND IMPLEMENTATION OF THE PROCESSES USED TO INCREASE AND MEASURE GREEN BUILDING PERFORMANCE (CERTIFICATION) AND GREEN BUILDING PRACTICE (CREDENTIALING). ESTABLISHED IN 2008 TO ADMINISTER PROJECT CERTIFICATIONS AND PROFESSIONAL CREDENTIALS AND CERTIFICATES WITHIN THE FRAMEWORK OF THE U.S. GREEN BUILDING COUNCIL'S LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) GREEN BUILDING RATING SYSTEMS, GBCI OFFERS THE MARKETPLACE THE VALIDATION THAT LEED BUILDING CERTIFICATIONS AND LEED PROFESSIONAL CREDENTIALS HAVE MET SPECIFIC, RIGOROUS CRITERIA. 7 6 0 519 0 0 0 0 30949637 36073927 128960 151195 104359 10924 31182956 36236046 0 0 0 0 3457736 6081319 0 0 0 37319107 32289712 40776843 38371031 -9593887 -2134985 12717157 14016680 12453377 15886448 263780 -1869768 X THE GREEN BUILDING CERTIFICATION INSTITUTE (GBCI) IS AN INDEPENDENT, THIRD-PARTY ORGANIZATION COMMITTED TO ENSURING PRECISION IN THE DESIGN, DEVELOPMENT, AND IMPLEMENTATION OF THE PROCESSES USED TO INCREASE (SEE SCHEDULE O)AND MEASURE GREEN BUILDING PERFORMANCE (CERTIFICATION) AND GREEN BUILDING PRACTICE (CREDENTIALING). ESTABLISHED IN 2008 TO ADMINISTER PROJECT CERTIFICATIONS AND PROFESSIONAL CREDENTIALS AND CERTIFICATES WITHIN THE FRAMEWORK OF THE U.S. GREEN BUILDING COUNCIL'S LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN (LEED) GREEN BUILDING RATING SYSTEMS, GBCI OFFERS THE MARKETPLACE THE VALIDATION THAT LEED BUILDING CERTIFICATIONS AND LEED PROFESSIONAL CREDENTIALS HAVE MET SPECIFIC, RIGOROUS CRITERIA. 0 0 GBCI ADMINISTERED OVER 23,367 EXAM SESSIONS IN 2011, IN ADDITION GBCI HAD OVER 24,271 EXAM APPLICATIONS PROCESSED. THE OBJECTIVE IN OFFERING CREDENTIALING EXAMINATIONS IS TO QUALIFY GREEN BUILDING PROFESSIONALS IN ORDER TO PROVIDE THE GREEN BUILDING INDUSTRY WITH KNOWLEDGEABLE INDIVIDUALS WHO CAN SUCCESSFULLY STEWARD THE LEED CERTIFICATION PROCESS, THEREBY INCREASING THE ADOPTION AND SUCCESS OF LEED CERTIFIED GREEN BUILDINGS. THE LEED GREEN BUILDING CERTIFICATION SYSTEM IS THE PREEMINENT PROGRAM FOR RATING THE DESIGN, CONSTRUCTION AND OPERATION OF GREEN BUILDINGS. OVER 48,000 PROJECTS ARE CURRENTLY PARTICIPATING IN THE LEED SYSTEM, COMPRISING OF NEARLY 9 BILLION SQUARE FEET OF CONSTRUCTION SPACE IN ALL 50 STATES AND 138 COUNTRIES. LEED-CERTIFIED BUILDINGS CONTRIBUTE TO A MORE SUSTAINABLE BUILT ENVIRONMENT. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 0 0 0 0 0 0 0 X 7 6 0 1 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X JIM CRAIG 2028287422 2101 L STREET NW NO 650 WASHINGTON DC 20037 S RICHARD FEDRIZZI 3.00 X X 0 0 0 GAIL VITTORI 3.00 X 0 0 0 HARRY GORDON 3.00 X 0 0 0 SALLY WILSON 3.00 X 0 0 0 LEON GROSS 3.00 X 0 0 0 VICKI FLAHERTY 3.00 X 0 0 0 THOMAS MUELLER 3.00 X 0 0 0 PETER TEMPLETON 50.00 X 187577 0 17668 BETH HOLST 50.00 X 152010 0 16098 LISA REVITTE 50.00 X 126253 0 9844 ELISA KAHN 50.00 X 108541 0 15970 TIM WILLIAMSON 50.00 X 103725 0 11696 678106 0 71276 5 0 1 0 US GREEN BUILDING COUNCIL 2101 L ST NW WASHINGTON DC 20037 MANAGEMENT & ROYALTY 19784754 SRI QUALITY SYSTEM 300 NORTH POINTE CIRCLE SEVEN FIELDS PA 16046 CERTIFICATION REVIEWER 2679200 THE EPSTEN GROUP 399 EDGEWOOD AVENUE ATLANTA GA 30312 CERTIFICATION REVIEWER 2003850 PROMETRIC 1501 SOUTH CLINTON STREET BALTIMORE MD 21224 CREDENTIAL EXAM ADMINISTRATION 1912958 ABS GROUP OF COMPANIES 16855 NORTHCHASE DRIVE HOUSTON TX 77060 CERTIFICATION REVIEWER 1325190 20 CERTIFICATION 900099 24044164 24044164 ACCREDITATION 900099 6220250 6220250 REGISTRATION 900099 5809513 5809513 36073927 151195 151195 MERCHANDISE 900099 10924 10924 10924 36236046 36084851 0 151195 205245 4916934 67008 500128 392004 13969498 6096 1500 14635110 751127 738316 5337 1803156 190937 71994 OTHER EXPENSES 116641 38371031 2815791 3833434 693716 878662 34800 0 9172850 9304584 12717157 14016680 1739953 1770290 5084544 5813559 5628880 8302599 12453377 15886448 X 263780 -1869768 263780 -1869768 12717157 14016680 X -2134985 1437 X X 0 1 1 X 0 0 849,733.71 SHARES-JPMORGAN SHORT DURATION BOND FUND SELECT CLASS FUND 3133 9304584 F 9304584 DUE TO U.S. GREEN BUILDING COUNCIL 8302599 8302599 36236046 38371031 -2134985 1437 1437 -2133548 36237483 1437 1437 36236046 0 36236046 38371031 0 38371031 0 38371031 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: GBCI IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. IN ADDITION, GBCI HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. GBCI HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2011 AND 2010. 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, GBCI 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 GBCI'S TAX POSITIONS AND CONCLUDED THAT GBCI HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, GBCI IS NO LONGER SUBJECT TO INCOME TAX EXAMINATION BY THE U.S. FEDERAL, STATE, OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008. CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES CREDENTIALING 963 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES CREDENTIALING 97901 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES CREDENTIALING 55664 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES CREDENTIALING 98783 NORTH AMERICA 0 0 PROGRAM SERVICES CREDENTIALING 1881 RUSSIA & THE NEWLY INDEPENDENT STATES 0 0 PROGRAM SERVICES CREDENTIALING 17688 SOUTH AMERICA 0 0 PROGRAM SERVICES CREDENTIALING 6434 SOUTH ASIA 0 0 PROGRAM SERVICES CREDENTIALING 384 0 0 0 0 0 0 279698 0 279698 0 0 0 0 0 0 X X X 0 0 0 PETER TEMPLETON 182077 0 0 0 5500 0 7581 0 10087 0 205245 0 0 0 BETH HOLST 152010 0 0 0 0 0 6131 0 9967 0 168108 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 ON JANUARY 1, 2008, GBCI ENTERED INTO A MEMORANDUM OF UNDERSTANDING WITH USGBC WHEREBY EACH ORGANIZATION PAYS THEIR SHARE OF JOINT COSTS WHICH ARE ALLOCATED TO EACH ORGANIZATION BASED ON A REASONABLE ALLOCATION RATE. ALL EMPLOYEES ARE EMPLOYED BY USGBC AND GBCI WILL REIMBURSE USGBC FOR THEIR SHARE OF THOSE ALLOCATED SALARIES AND BENEFITS. ADDITIONALLY GBCI WILL REIMBURSE USGBC FOR THEIR SHARE OF OFFICE SPACE, SERVICES AND OTHER OVERHEAD EXPENSES. MANAGEMENT FEES CHARGED TO GBCI DURING THE YEAR ENDED DECEMBER 31, 2010, WERE $14,635,110. FORM 990, PART VI, SECTION A, LINE 7A THE U.S. GREEN BUILDING COUNCIL APPOINTS THREE MEMBERS OF THE GBCI BOARD (CEO AND TWO OTHER SEATS). FORM 990, PART VI, SECTION A, LINE 7B THE EXECUTIVE COMMITTEE OF THE U.S. GREEN BUILDING COUNCIL MUST REVIEW AND APPROVE GBCI BYLAWS AMENDMENTS. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS COMPLETED EACH YEAR BY STAFF, IN ASSOCIATION WITH TAX ADVISORS, AND FILED WITH THE IRS. PRIOR TO FILING, GBCI WILL PROVIDE A COPY OF THE FORM 990 TO THE FINANCE AND AUDIT COMMITTEE AND THE BOARD OF DIRECTORS. THE FORM 990 IS POSTED TO THE BOARD PORTAL FOR A MINIMUM OF TWO DAYS PRIOR TO THE FILING BEING SENT IN TO THE IRS. AN EMAIL IS SENT TO ALL BOARD MEMBERS NOTIFYING THEM THAT THE FORM 990 IS AVAILABLE FOR THEIR REVIEW. FORM 990 WILL ALSO BE SENT ELECTRONICALLY TO MEMBERS OF THE FINANCE AND AUDIT COMMITTEE AT LEAST TWO DAYS BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY DISCLOSURE PROCEDURES SUMMARY 1. EACH DIRECTOR, CORPORATE OFFICER AND MEMBER OF A COMMITTEE OR OTHER DECISION-MAKING BODY SIGNS AN ANNUAL STATEMENT AFFIRMING THAT S/HE: A. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT IN ORDER FOR GBCI TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. 2. EACH DIRECTOR, CORPORATE OFFICER AND MEMBER OF A COMMITTEE OR OTHER DECISION-MAKING BODY ALSO MAKES AN ANNUAL FULL AND FRANK DISCLOSURE OF HIS OR HER INTEREST. 3. AT EACH BOARD AND COMMITTEE MEETING, THE MEMBERS DISCLOSE ANY CONFLICTS THEY HAVE RELATIVE TO THE MEETING AGENDA. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION FOR THE PRESIDENT OF GBCI IS SET BY THE BOARD OF DIRECTORS. THIS COMPENSATION IS BASED ON PERFORMANCE EVALUATIONS WHERE THEY ARE MEASURED AGAINST PREVIOUSLY ASSIGNED OBJECTIVES. THE REVIEW IS DONE BY THE CHAIR OF THE BOARD AND THE GBCI CEO. TO ESTABLISH THE INITIAL COMPENSATION, A COMPENSATION SURVEY WAS DONE BY AN EXTERNAL CONSULTING FIRM WHICH COMPARES SALARIES TO THOSE OF COMPARABLY SIZED NGOS IN THE WASHINGTON, DC REGION. FORM 990, PART VI, SECTION C, LINE 19 THE GREEN BUILDING CERTIFICATION INSTITUTE PROVIDES THE PUBLIC WITH ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS UPON REQUEST. THE FOLLOWING DOCUMENTS CAN BE MADE AVAILABLE FOR FOR PUBLIC REVIEW: FOUNDING DOCUMENTS COMMITTEE POLICIES & PROCEDURES BYLAWS CONFLICT OF INTEREST POLICY ANTITRUST COMPLIANCE POLICY OTHER PROGRAM RELATED POLICIES OUR FINANCIAL STATEMENTS ARE PROVIDED TO THE PUBLIC VIA OUR FORM 990 FILING POSTED ON GUIDESTAR AS WELL AS PROVIDING A COPY OF OUR FORM 990 FILING UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,437. FORM 990, PART XII, LINE 2C THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS.