INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL INC (EIN 52-0887806)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-01
- IRS object ID
- 201213069349301656
- Schema version
- 2011v1.2
- 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 | 2012-11-01T15:12:44-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 8000 TOWERS CRESCENT DR STE 500 | AddressLine1 |
| City | VIENNA | City |
| State | VA | State |
| ZIP Code | 221826205 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 520887806 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | INTE | NameControl |
| Phone | 2022234735 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 734 15TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | SHARON COY | Name |
| Title | VP OF FINANCE & CFO | Title |
| Phone | 2022234735 | Phone |
| Date Signed | 2012-10-31 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | YONG ZHANG CPA | Name |
| PTIN | P01249785 | PTIN |
| Phone | 7033366400 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | JEFFREY A FINKLE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 734 15TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 5725854 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | WWW.IEDCONLINE.ORG | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 2001 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | THE PURPOSE OF THE COUNCIL IS TO DEVELOP POLICIES AN ADVANCE THE PROFESSION OF ECONOMIC DEVELOPMENT AND SERVE AS A CLEARINGHOUSE FOR INFORMATION ON LOCAL ECONOMIC PROBLEMS AND SITUATIONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 48 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 48 | NbrIndependentVotingMembers |
| Total Nbr Employees | 46 | TotalNbrEmployees |
| Total Nbr Volunteers | 10 | TotalNbrVolunteers |
| Total Gross UBI | 112459 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 1089258 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 1399852 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4387906 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 3297341 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 9705 | InvestmentIncomePriorYear |
| Investment Income Current Year | 28661 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 0 | OtherRevenuePriorYear |
| Other Revenue Current Year | 0 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 5486869 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4725854 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2873890 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2498145 | 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 | 2265474 | OtherExpensePriorYear |
| Other Expenses Current Year | 2184613 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5139364 | TotalExpensesPriorYear |
| Total Expenses Current Year | 4682758 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 347505 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 43096 | RevenuesLessExpensesCY |
| Total Assets BOY | 4085100 | TotalAssetsBOY |
| Total Assets EOY | 3963408 | TotalAssetsEOY |
| Total Liabilities BOY | 1679510 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 1519032 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 2405590 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 2444376 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | IEDC IS A MEMBERSHIP ORGANIZATION DEDICATED TO HELPING ECONOMIC DEVELOPERS DO THEIR JOB MORE EFFECTIVELY AND RAISING THE PROFILE OF THE PROFESSION. THE ORGANIZATION'S MISSION IS TO PROVIDE LEADERSHIP AND EXCELLENCE IN ECONOMIC DEVELOPMENT FOR OUR COMMUNITIES, MEMBERS, AND PARTNERS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 2312162 | Expense |
| Revenue | 3593487 | Revenue |
| Description | THE IEDC ADVISORY SERVICES AND RESEARCH (ASR) DEPARTMENT WORKED TO IMPROVE ECONOMIC OPPORTUNITIES FOR COMMUNITIES AND REGIONS; PROVIDED TECHNICAL ASSISTANCE AND CUSTOMIZED ANALYSIS THAT HELPED CREATE SUSTAINABLE ECONOMIC DEVELOPMENT SOLUTIONS. WE KEPT ECONOMIC DEVELOPMENT PROFESSIONALS INFORMED ON ISSUES AND TRENDS IN THE FIELD THROUGH RESEARCH, PUBLICATIONS, AND INFORMATION DISSEMINATION. | Description |
| Total Program Service Expense | 2312162 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 0 | LobbyingActivities |
| Subject To Proxy Tax | 0 | 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 | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 1 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | 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 | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| 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 | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 20 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 46 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 48 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 48 | 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 | 0 | 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 | 0 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | 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 | JEFFREY FINKLE | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 2022234735 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 734 15TH STREET NW NO 900 | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20005 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (57 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation |
|---|---|---|---|---|---|---|
| DENNIS COLEMAN CECD FM | ||||||
| CHAIR | 10.00 | X | X | 0 | 0 | 0 |
| JAY MOON CECD FM | ||||||
| VICE CHAIR | 10.00 | X | X | 0 | 0 | 0 |
| PAUL KRUTKO FM | ||||||
| TREASURER/SECRETARY | 10.00 | X | X | 0 | 0 | 0 |
| WILLIAM SPROULL FM | ||||||
| CHAIR, PERFORMANCE OVERSIGHT AND MONITORING COMMIT | 10.00 | X | X | 0 | 0 | 0 |
| LYNN MARTIN HASKINS PHD | ||||||
| CHAIR, EXTERNAL RELATIONS COMMITTEE | 10.00 | X | X | 0 | 0 | 0 |
| BARRY MATHERLY CECD | ||||||
| CHAIR, PLANNING AND BUSINESS DEVELOPMENT COMMITTEE | 10.00 | X | X | 0 | 0 | 0 |
| WILLIAM BEST FM | ||||||
| IMMEDIATE PAST CHAIR | 10.00 | X | X | 0 | 0 | 0 |
| DYAN BRASINGTON CECD FM | ||||||
| VICE CHAIR, PLANNING AND BUSINESS DEVELOPMENT COMM | 10.00 | X | X | 0 | 0 | 0 |
| JOANN CRARY CECD | ||||||
| VICE CHAIR, EXTERNAL RELATIONS COMMITTEE | 10.00 | X | X | 0 | 0 | 0 |
| DIANE LUPKE CECD FM | ||||||
| VICE CHAIR, PERFORMANCE OVERSIGHT AND MONITORING C | 10.00 | X | X | 0 | 0 | 0 |
| SCOTT ADAMS CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| WILLIAM ALLAN | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| CHARLES ALVEY CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| RITA ATHAS | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| IVAN BAKER CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| MARK BARBASH FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| HOWARD BENSON | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| DAVID BERZINA CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| TIM CHASE CECD FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| TEDRA CHEATHAM CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| J VANN CUNNINGHAM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| KENNETH DOBSON FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| MAURICE EWING CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| NEIL EVERSON CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JACQUES EVRARD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ROBERT FINE | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| KRISTEN FISH CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| THOMAS FLYNN CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| RAYMOND GILLEY | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| GERALD GORDON PHD FM HLM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| TODD GREENE CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| DANIEL GUNDERSON | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| DON HOLBROOK CECD FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| DONALD JAKEWAY | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| BARBARA JOHNSON | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JAMES KINNETT II CECD FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| THOMAS KURCHARSKI CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ANDREW LEVINE | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| GAIL LEWIS | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JUDY MCKINNEY-CHERRY CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JANET MILLER CECD FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| FRED MORLEY | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| PHILLIP PHILLIPS PHD CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JOY POOLER CECD FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| CRAIG RICHARD CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| WAYNE SCHELL FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| MIKE SCHWENK | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| WALTER SPROUSE JR CECD CCE FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| KLAUS THIESSEN | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ALLISON THOMPSON CECD EDFP | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ANAEALIO UBALDE FM | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| STEVE WEATHERS CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| HOLLY WIEDMAN | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JOY WILKINS CECD | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| ROY WILLIAMS | ||||||
| BOARD MEMBER | 5.00 | X | 0 | 0 | 0 | |
| JEFF FINKLE | ||||||
| PRESIDENT & CEO | 40.00 | X | 281822 | 0 | 56715 | |
| SHARON COY | ||||||
| VP OF FINANCE & CFO | 40.00 | X | 115076 | 0 | 21084 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 396898 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 77799 | TotalOtherCompensation |
| Number Individuals GT100 K | 2 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (4 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| THE CHOICE INC | |||||
| PO BOX 62408 | BALTIMORE | MD | 21264 | TEMPORARY STAFFING AGENCY | 242003 |
| AMERICAN EXPRESS | |||||
| PO BOX 1270 | NEWARK | NJ | 07101 | CORPORATE CREDIT CARD | 198144 |
| CHARLOTTE CONVENTION CENTER | |||||
| 501 SOUTH COLLEGE STREET | CHARLOTTE | NC | 28202 | CONFERENCE | 121180 |
| NIMBLE USER | |||||
| 656 KREAG ROAD | PITTSFORD | NY | 14534 | IT SERVICE | 101215 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 4 | NumberOfContractorsGT100K |
| Membership Dues | 1103706 | MembershipDues |
| Government Grants | 286144 | GovernmentGrants |
| All Other Contributions | 10002 | AllOtherContributions |
| Total Contributions | 1399852 | TotalContributions |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| CONFERENCE | 900099 | 2120584 | 2120584 | |
| EDUCATION/CERTIFICATIO | 900099 | 696610 | 696610 | |
| ADVISORY SERVICES AND | 900099 | 367688 | 367688 | |
| EMPLOYMENT SERVICES | 561300 | 112459 | 112459 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 3297341 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 28661 | TotalRevenueColumn |
| Exclusion | $28,661 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1000000 | Securities |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 1000000 | Securities |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4725854 | TotalRevenueColumn |
| Related Or Exempt Function Income | 3184882 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 112459 | UnrelatedBusinessRevenue |
| Exclusion | $28,661 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 474697 | Total |
| Program Services | 286540 | ProgramServices |
| Management And General | 188157 | ManagementAndGeneral |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1430583 | Total |
| Program Services | 863540 | ProgramServices |
| Management And General | 567043 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 110507 | Total |
| Program Services | 66705 | ProgramServices |
| Management And General | 43802 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 346285 | Total |
| Program Services | 209028 | ProgramServices |
| Management And General | 137257 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 136073 | Total |
| Program Services | 82137 | ProgramServices |
| Management And General | 53936 | ManagementAndGeneral |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 13469 | Total |
| Management And General | 13469 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62349 | Total |
| Management And General | 62349 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 536984 | Total |
| Program Services | 282194 | ProgramServices |
| Management And General | 254790 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6877 | Total |
| Program Services | 4782 | ProgramServices |
| Management And General | 2095 | ManagementAndGeneral |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 484323 | Total |
| Program Services | 258415 | ProgramServices |
| Management And General | 225908 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 65177 | Total |
| Program Services | 1310 | ProgramServices |
| Management And General | 63867 | ManagementAndGeneral |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 235713 | Total |
| Management And General | 235713 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 92219 | Total |
| Program Services | 55993 | ProgramServices |
| Management And General | 36226 | ManagementAndGeneral |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 555217 | Total |
| Program Services | 508427 | ProgramServices |
| Management And General | 46790 | ManagementAndGeneral |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18685 | Total |
| Management And General | 18685 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 17196 | Total |
| Management And General | 17196 | ManagementAndGeneral |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral |
|---|---|---|---|
| DUES & SUBSCRIPTIONS | 42961 | 29678 | 13283 |
| BAD DEBT EXPENSE | 27219 | 27219 | |
| OTHER EXPENSES | 26224 | 68244 | -42020 |
| OVERHEAD ALLOCATION | 0 | -404831 | 404831 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4682758 | Total |
| Program Services | 2312162 | ProgramServices |
| Management And General | 2370596 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 774343 | BOY |
| EOY | 1569559 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 469852 | BOY |
| EOY | 653530 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 560832 | BOY |
| EOY | 321247 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 9363 | BOY |
| EOY | 8825 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 168212 | BOY |
| EOY | 213627 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 797368 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 696129 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 22066 | BOY |
| EOY | 101239 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2065794 | BOY |
| EOY | 1080743 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14638 | BOY |
| EOY | 14638 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4085100 | BOY |
| EOY | 3963408 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 379474 | BOY |
| EOY | 300751 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1182309 | BOY |
| EOY | 1086857 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 117727 | BOY |
| EOY | 131424 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1679510 | BOY |
| EOY | 1519032 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2243059 | BOY |
| EOY | 2349828 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 162531 | BOY |
| EOY | 94548 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2405590 | BOY |
| EOY | 2444376 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4085100 | BOY |
| EOY | 3963408 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 43096 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -4310 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1174657 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1192321 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1730939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1089258 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1399852 | CurrentTaxYear |
| Total | 6587027 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 1174657 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 1192321 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 1730939 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 1089258 | CurrentTaxYearMinus1Year |
| Current Tax Year | 1399852 | CurrentTaxYear |
| Total | 6587027 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | 6587027 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 36061 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 25441 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 11717 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 9705 | CurrentTaxYearMinus1Year |
| Current Tax Year | 28661 | CurrentTaxYear |
| Total | 111585 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 6698612 | TotalSupport |
| Gross Receipts From Admissions Etc | 18068472 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.98330 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.95650 | PublicSupportPertcentPriorYear |
| Thirty Three Percnt Tests CY170 | X | ThirtyThreePercntTestsCY170 |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 797368 | OtherCostOrOtherBasis |
| Depreciation | 696129 | Depreciation |
| Book Value | 101239 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 101239 | TotalOfBookValueLandBuildings |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | OBLIGATION UNDER NONQUALIFIED EMPLOYEE BENEFIT PLAN | Description |
| Amount | $131,424 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 131424 | TotalOfAmounts |
| Total Revenue | 4725854 | TotalRevenue |
| Total Expenses | 4682758 | TotalExpenses |
| Excess Or Deficit For Year | 43096 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -4310 | NetUnrealizedGLOnInvestments |
| Total Adjustments | -4310 | TotalAdjustments |
| Excess Or Deficit Per FS | 38786 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4721544 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -4310 | NetUnrealizedGainsInvestments |
| Revenue Not Rptd F990 | -4310 | RevenueNotRptdF990 |
| Revenue Subtotal | 4725854 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4725854 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 4682758 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 4682758 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 4682758 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: | Identifier |
| Return Reference | PART X: | ReturnReference |
| Explanation | THE COUNCIL HAS ADOPTED THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH 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 POLICY, THE COUNCIL MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WOULD BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. MANAGEMENT HAS EVALUATED THE COUNCIL'S TAX POSITIONS AND HAS CONCLUDED THAT THE COUNCIL HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH PROVISIONS OF THIS GUIDELINE. THE COUNCIL WOULD BE LIABLE FOR INCOME TAXES IN THE U.S. FEDERAL JURISDICTION. GENERALLY, THE COUNCIL IS NO LONGER SUBJECT TO U.S. FEDERAL TAX EXAMINATIONS BY TAX AUTHORITIES BEFORE 2008. | Explanation |
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 |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 1 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | JEFF FINKLE | NamePerson |
| Base Compensation Filing Org | 235495 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 46327 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 0 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 39741 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 16974 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 338537 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Form990 Schedule J Part III Form990ScheduleJPartIII (2 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| PART I, LINE 1A | THE ORGANIZATION PAYS $400 PER MONTH FOR THE PRESIDENT & CEO'S GOLF CLUB DUES, WHICH IS NOT TAXABLE BENEFIT. |
| PART I, LINE 4B | THE COUNCIL MAINTAINS A NON-QUALIFIED EMPLOYEE BENEFIT PLAN FOR ITS PRESIDENT, WHICH IS FUNDED THROUGH ANNUITY CONTRACTS. THE AMOUNT CONTRIBUTED SHALL BE 8% OF EMPLOYEE'S BASE SALARY EACH YEAR NOT TO EXCEED LEGAL LAMINATIONS. |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (8 entries)
| Return ReferenceReturnReference | ExplanationExplanation | IdentifierIdentifier |
|---|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | IEDC HAS THE FOLLOWING MEMBERS: -ACTIVE MEMBER: MEMBERSHIP IN THE COUNCIL SHALL BE OPEN TO GOVERNMENTAL AGENCIES, PRIVATE ORGANIZATIONS AND INDIVIDUALS ENGAGED IN OR CONCERNED WITH LOCAL, REGIONAL, STATE AND PROVINCIAL ECONOMIC AND COMMUNITY DEVELOPMENT UPON APPLICATION TO, AND ACCEPTANCE BY, THE PRESIDENT, IN ACCORDANCE WITH SPECIFICATIONS OF THE EXECUTIVE COMMITTEE. ACTIVE MEMBERSHIP EMBRACES ALL MEMBERSHIP PRIVILEGES, INCLUDING BUT NOT LIMITED TO THE POWER TO AMEND THESE BYLAWS AS HEREINAFTER PROVIDED. -MEMBERS IN TRANSITION: DESIGNATION IS AVAILABLE TO FORMER MEMBERS IN GOOD STANDING OR OTHER INDIVIDUALS WHO HAVE BEEN ACTIVE IN THE AFFAIRS OF THE COUNCIL AND WHO CURRENTLY ARE NOT EMPLOYED IN ECONOMIC DEVELOPMENT BUT WHO DESIRE TO MAINTAIN AN ASSOCIATION WITH AND TO FURTHER THE PURPOSE OF THE COUNCIL. AN INACTIVE MEMBER CANNOT VOTE OR HOLD OFFICE AND IS ELIGIBLE FOR MEMBERSHIP PRIVILEGES AS DEFINED BY THE BOARD OF DIRECTORS. -STUDENT MEMBER CRITERIA: DESIGNATION IS AVAILABLE TO INDIVIDUALS WHO ARE FULL-TIME STUDENTS AT THE GRADUATE OR UNDERGRADUATE LEVEL. A STUDENT MEMBER MAY NOT VOTE OR HOLD OFFICE, BUT MAY SERVE ON COMMITTEES, AND IS ELIGIBLE FOR MEMBERSHIP PRIVILEGES AS DEFINED BY THE BOARD OF DIRECTORS. -FELLOW OF THE COUNCIL STATUS: A FELLOW OF THE AMERICAN ECONOMIC DEVELOPMENT COUNCIL SHALL BE ENTITLED TO USE THIS HONORIFIC WITH THE IEDC AS LONG AS MEMBERSHIP IN THE COUNCIL IS MAINTAINED. -HONORARY LIFE MEMBER STATUS: HONORARY LIFE MEMBERS OF THE AMERICAN ECONOMIC DEVELOPMENT COUNCIL SHALL BE ENTITLED TO USE THIS HONORIFIC WITH THE IEDC AS LONG AS MEMBERSHIP IN THE COUNCIL IS MAINTAINED. -EMERITUS MEMBER STATUS: EMERITUS MEMBERS OF THE AMERICAN ECONOMIC DEVELOPMENT COUNCIL SHALL BE ENTITLED TO USE THIS HONORIFIC WITH THE IEDC AS LONG AS MEMBERSHIP IN THE COUNCIL IS MAINTAINED. | |
| FORM 990, PART VI, SECTION A, LINE 7A | THE NAMES OF THE MEMBERS OF THE NOMINATING COMMITTEE APPOINTED PURSUANT TO ARTICLE VII, PARAGRAPH 2 OF THE BYLAWS SHALL BE MAILED TO THE MEMBERSHIP OF THE COUNCIL AT LEAST 120 DAYS PRIOR TO THE ANNUAL MEETING. MEMBERS SHALL BE INVITED TO SUBMIT RECOMMENDATIONS FOR DIRECTORS TO THE NOMINATING COMMITTEE. RECOMMENDATIONS WILL BE CONSIDERED AS VALIDLY SUBMITTED IF THE NOMINATION, ACCOMPANIED BY A ONE PARAGRAPH BIOGRAPHIC STATEMENT ON THE CANDIDATE AND EITHER A PETITION SIGNED BY TWENTY (20) MEMBERS OR LETTERS OF ENDORSEMENT FROM TWENTY (20) MEMBERS (OR SOME COMBINATION THEREOF), IS RECEIVED WITHIN SIXTY (60) DAYS OF THE DATE OF THE ABOVE REFERENCED MAILING TO MEMBERS. THE NOMINATING COMMITTEE SHALL NOMINATE A SLATE OF DIRECTORS FOR ELECTION AT THE ANNUAL MEETING OF THE BOARD, SUCH SLATE TO INCLUDE AS MANY NOMINEES AS THERE ARE VACANCIES TO BE FILLED AS OF THE ANNUAL MEETING. THE NOMINATING COMMITTEE SHALL CONSIDER ANY INDIVIDUAL WITH RESPECT TO WHOM IT HAS RECEIVED A VALID RECOMMENDATION, BUT MAY ALSO DRAW FROM THE MEMBERSHIP AT LARGE (INCLUDING ANY NON-MEMBER WHO HAS AGREED TO BECOME A MEMBER OF THE COUNCIL IF ELECTED TO SERVE AS DIRECTOR). NOMINATIONS SHOULD ASSURE GEOGRAPHIC, ETHNIC, AND GENDER DIVERSITY TO REFLECT THE PROFESSION. WITH RESPECT TO THE PROSPECTIVE NOMINATIONS OF CURRENT DIRECTORS WHO MAY BE UNDER CONSIDERATION TO SERVE EITHER A 3RD OR 4TH CONSECUTIVE TERM, THE NOMINATIONS COMMITTEE SHALL CONSIDER AND EVALUATE THE LEVEL OF PARTICIPATION, PERFORMANCE, AND CONTRIBUTIONS OF ANY SUCH PROSPECTIVE NOMINEES, WHO SHALL REQUIRE THE ENDORSEMENT OF THE EXECUTIVE COMMITTEE. AT LEAST THIRTY (30) DAYS PRIOR TO THE ANNUAL MEETING THE NOMINATING COMMITTEE SHALL MAIL TO THE MEMBERSHIP ITS SLATE OF NOMINEES ALONG WITH A ONE-PARAGRAPH BIOGRAPHICAL STATEMENT SUBMITTED BY EACH NOMINEE. SUCH MAILING SHALL ALSO INCLUDE THE NAMES AND BIOGRAPHICAL STATEMENTS OF ANY INDIVIDUALS, NOT INCLUDED ON THE NOMINATING COMMITTEE'S SLATE, WITH RESPECT TO WHOM A VALID RECOMMENDATION WAS SUBMITTED. THE SLATE OF NOMINEES RECOMMENDED BY THE NOMINATING COMMITTEE MAY BE ELECTED AT THE ANNUAL MEETING OF THE BOARD BY A MAJORITY VOTE OF THOSE BOARD MEMBERS PRESENT AND VOTING. IF A MAJORITY OF MEMBERS PRESENT AND VOTING FAIL TO VOTE AFFIRMATIVELY FOR THE SLATE OF NOMINEES, SUBSEQUENT VOTING SHALL BE BY WRITTEN BALLOT. SUCH BALLOT SHALL INCLUDE THE NAMES OF ALL CANDIDATES ON THE NOMINATING COMMITTEE'S SLATE AS WELL AS ALL OTHER CANDIDATES WHOSE NOMINATION WAS VALIDLY SUBMITTED PURSUANT TO PARAGRAPH 3 TO THE NOMINATING COMMITTEE. VOTING SHALL BE NON-CUMULATIVE, AND THOSE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES SHALL BE ELECTED. IN THE EVENT OF A TIE VOTE, A RUN-OFF ELECTION SHALL BE HELD. | |
| FORM 990, PART VI, SECTION B, LINE 11 | THE ORGANIZATION PROVIDED A COPY OF THE FORM 990 TO ITS BOARD OF DIRECTORS TO REVIEW BEFORE THE FINAL FORM 990 WAS FILED WITH THE INTERNAL REVENUE SERVICE. | |
| FORM 990, PART VI, SECTION B, LINE 12C | THE ORGANIZATION'S BOARD HANDBOOK CONTAINS A "CONFLICT OF INTEREST DISCLOSURE FORM" WHICH IS COMPLETED BY EACH BOARD MEMBER ANNUALLY. POTENTIAL CONFLICTS ARE INVESTIGATED AS NECESSARY. | |
| FORM 990, PART VI, SECTION B, LINE 15 | THE ORGANIZATION UTILIZES A COMPENSATION COMMITTEE (MEMBERS OF THE GOVERNANCE COMMITTEE) TO REVIEW THE PRESIDENT/CEO'S EMPLOYMENT AGREEMENT ANNUALLY WITH THE ASSISTANCE OF A THIRD PARTY CONSULTING FIRM. THE COMPENSATION COMMITTEE ESTABLISHES THE ANNUAL GOALS FOR THE PRESIDENT/CEO. | |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION'S SENIOR DIRECTOR OF FINANCE & ADMINISTRATION. | |
| FORM 990, PART XI, LINE 5: | NET UNREALIZED LOSSES ON INVESTMENTS: -4,310. | CHANGES IN NET ASSETS OR FUND BALANCES: |
| FORM 990, PART XII, LINE 2C | THE ORGANIZATION'S AUDIT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF THE INDEPENDENT ACCOUNTANT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |