2024-02-12T14:19:39-06:00 2023-03-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-04-01 362167796 Government Finance Officers Association the United States & Canada GOVE 3129779700 203 N LaSalle St Suite 2700 Chicago IL 60601 Christopher P Morrill Executive Director/CEO 3129779700 2024-02-07 1 Christopher Morrill XXX-XX-XXXX 1 Ariel Garcia P02244437 3126343400 2024-02-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Christopher P Morrill 203 N LaSalle St Suite 2700 Chicago IL 60601 19876380 0 X www.gfoa.org X 1932 IL The purpose of the Government Finance Officers Association ("GFOA") is to advance excellence in state and local government financial management. 18 18 86 1600 3856358 0 1551209 934108 16394092 18555364 159741 200638 -162548 82967 17942494 19773077 134965 106200 0 0 10018260 11082680 0 0 0 6853710 9274546 17006935 20463426 935559 -690349 21140816 25208156 12700028 18175250 8440788 7032906 X The purpose of the Government Finance Officers Association ("GFOA") is to advance excellence in state and local government financial management. 0 0 4756238 0 5763695 Training and Annual Conference - Seminars and concurrent sessions are held on various governmental accounting, auditing, and financial reporting issues, as well as budgeting and financial planning, debt management, economic development, pension and benefit administration, technology and digital government, treasury management and investing. 128 training seminars were held with attendance of 27,477 participants, including GFOA's annual conference. 4066896 0 3451255 Research and Consulting - The Research and Consulting Center performs research and consulting on various public sector finance and administration issues and publishes research findings to over 23,500 members both online and through Government Finance Review. Publications are available to members of the government finance profession, all government officials, and the general public. 3716662 0 3857937 Award Programs - Certificate of Achievement for Excellence in Financial Reporting, Distinguished Budget Presentation, Canadian Award for Financial Reporting and Popular Annual Financial Reporting are programs in which members of GFOA's special review committee review financial reports of governments participating in the programs. 6,665 submissions were reviewed and 6,590 were awarded to governments. 2046522 106200 5557788 Federal Liaison Center, Government Finance Review Magazine, GFOA Newsletter, Technical Advisory, State/Provincial and International Relations, Executive Board, Scholarships, Certification Program, and Membership Dues 2046522 106200 5557788 14586318 1 1 0 1 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 68 0 1 86 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X Sarah Lombardi 3129779700 203 N LaSalle St Suite 2700 Chicago IL 60601 Terri Velasquez President 4.50 0.10 X X 0 0 0 Laura Allen President-Elect 1.25 0.10 X X 0 0 0 Michael A Bryant Past President 1.25 0.10 X X 0 0 0 Marion M Gee Past-President (until 06/07/22) 1.25 0.10 X X 0 0 0 Sonia Andrews Board Member (as of 06/07/22) 0.50 0.10 X 0 0 0 Lunda Asmani Board Member 0.50 0.10 X 0 0 0 Laurie M Brewer Board Member 0.50 0.10 X 0 0 0 Jennifer Brown Board Member (as of 06/07/22) 0.50 0.10 X 0 0 0 Veronica Carrillo Board Member 0.50 0.10 X 0 0 0 Chris Daniel Board Member (until 06/07/22) 0.50 0.10 X 0 0 0 Bruce Fisher Board Member 0.50 0.10 X 0 0 0 Tanya Garost Board Member 0.50 0.10 X 0 0 0 Jason Greene Board Member (as of 06/07/22) 0.50 0.10 X 0 0 0 Anne Harty Board Member 0.50 0.10 X 0 0 0 Daniel Huge Board Member (until 06/07/22) 0.50 0.10 X 0 0 0 Rafiu O Ighile Board Member 0.50 0.10 X 0 0 0 Susan Iverson Board Member 0.50 0.10 X 0 0 0 William Jones Board Member (until 06/07/22) 0.50 0.10 X 0 0 0 Brandon Kauffman Board Member 0.50 0.10 X 0 0 0 Matthew M Lentz Board Member (until 06/07/22) 0.50 0.10 X 0 0 0 Grace Martinez Board Member (as of 06/07/22) 0.50 0.10 X 0 0 0 Margaret Moggia Board Member 0.50 0.10 X 0 0 0 Kendel Taylor Board Member (as of 06/07/22) 0.50 0.10 X 0 0 0 Christopher P Morrill Executive Director, CEO 40.00 0.10 X 415374 0 64912 Sarah Lombardi Director of Finance 40.00 0.10 X 164148 0 16210 Michael Mucha Director, Research & Consulting 40.00 0.00 X 320368 0 72314 Barbara G Mollo Director Ops & Marketing (until 08/31/22) 40.00 0.00 X 299414 0 45829 Beth Aldana Chief Administrative Officer 40.00 0.00 X 241159 0 55136 Michele M Levine Director, Technical Services Center 40.00 0.00 X 363778 0 59942 Emily Brock Director, Federal Liaison 40.00 0.00 X 240372 0 58966 Robert Roque Sr. Manager, Research & Consulting 40.00 0.00 X 243008 0 51388 Barry G McMeekin Consulting Practice Manager 40.00 0.00 X 239385 0 41266 Dennis Podgorski Jr Senior IT Manager (until 9/02/22) 40.00 0.00 X 235570 0 16837 2762576 0 482800 34 0 1 0 Right Angle Studio 1736 1st Street Highland Park IL 60035 Publication design and production 202699 Beacon Hill Staffing PO Box 846193 Boston MA 02284 Consulting 184215 Susan Gaffney 36 Pinzon Rancho Santa Margarita CA 92688 Consulting 158665 Vokal LLC 300 S Wacker Drive Suite 1200 Chicago IL 60606 Website design and implementation 150558 4 467454 466654 934108 Training & Annual Conference 611430 5763695 5763695 Membership Dues 611430 4245137 4245137 Award Programs 611430 3857937 3857937 Consulting 611430 3451255 3451255 Subscriptions 513120 499194 94091 405103 738146 738146 18555364 200638 200638 178614 103303 75311 75311 7656 7656 7656 19773077 14774317 3856358 208294 1200 1200 105000 105000 1427999 1046554 381445 7327565 5370236 1957329 765800 573709 192091 998264 747862 250402 563052 421817 141235 42611 3785 38826 72852 72852 3355 3355 1837494 1515305 322189 63478 38178 25300 780496 609723 170773 753529 479618 273911 1432245 237991 1194254 805782 547925 257857 1909619 1738288 171331 366037 161596 204441 189900 16811 173089 Subcontractors 924445 923870 575 92703 46850 45853 20463426 14586318 5877108 0 666016 1113221 60420 3795042 2156789 3157547 80450 157480 478841 1222307 3811318 3099598 807739 711720 13737440 7653372 2649303 2490301 475185 322065 28633 4585101 21140816 25208156 3769047 3904649 7826191 8575313 1104790 5695288 12700028 18175250 X 7419808 5694975 1020980 1337931 8440788 7032906 21140816 25208156 -690349 -717533 0 X 0 1 X 1 0 X 1011787 1445061 722557 1551209 934108 5664722 15086130 16154597 14373486 12499787 14877620 72991620 16097917 17599658 15096043 14050996 15811728 78656342 190161 180161 63000 16322 20037 469681 221874 555462 689250 1793201 39300 3299087 412035 735623 752250 1809523 59337 3768768 74887574 220382 245768 1235918 159741 200638 2062447 220382 245768 1235918 159741 200638 2062447 111803 103173 128220 617 7656 351469 16430102 17948599 16460181 14211354 16020022 81070258 0.92370 0.91990 0.02540 0.02510 X Schedule A, Part III, Line 12, Explanation of Other Income: Miscellaneous Revenue - 2018 Amount: $ 111,803. 2019 Amount: $ 103,173. 2020 Amount: $ 666. 2021 Amount: $ 617. 2022 Amount: $ 7,656. Insurance Proceeds - 2020 Amount: $ 127,554. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 16171 1 7545 0 23716 0 Schedule C, Part II-B, Line 1 The Federal Liaison Center informs GFOA members about federal legislation, regulations, judicial actions, and policies that affect public finance functions and represents the interests of GFOA in Washington, DC. Center staff collects, analyzes, and disseminates information to GFOA members and provides policymakers with information on GFOA positions. 1005815 564030 441785 2059863 1790078 269785 745640 745490 150 711720 GFOA 457(b) Plan Investments (TIAA) 2490301 F 2490301 Right-of-use Assets 4585101 4585101 Due to Related Party 72134 Right-of-use Liabilities 5623154 5695288 X Part X, Line 2: The GFOA and Endowment Corporation are both tax-exempt organizations as permitted under Section 501(c)(3) of the Internal Revenue code. 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 GFOA and the Endowment Corporation 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. Examples of tax positions include the tax-exempt status of GFOA or the Endowment and various positions related to the potential sources of unrelated business income (UBIT). The tax benefits recognized in the financial statements form such a position are measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. There were no unrecognized tax benefits identified or recorded as liabilities for the reported period presented in these financial statements. North America 0 0 Program Services Speaker Fees 79750 Europe (Including Iceland & Greenland) 0 0 Program Services Consulting 20080 South Asia 0 0 Program Services Typesetting 5111 East Asia and the Pacific 0 0 Program Services Typesetting 750 0 0 0 0 0 0 105691 0 105691 0 0 0 0 0 0 Part III Accounting Method: 1 Scholarships are awarded to encourage highly qualified individuals to pursue careers in public finance. 10 105000 Part I, Line 2: The contributions are monitored by the program directors. If applicable, reports are requested from the recipient to illustrate proper use of funding. X 1 1 X X X X X 1 0 0 0 0 0 0 0 0 Christopher P Morrill Executive Director, CEO 410632 0 1900 0 2842 0 40750 0 24162 0 480286 0 0 0 Michele M Levine Director, Technical Services Center 361036 0 1900 0 842 0 40750 0 19192 0 423720 0 0 0 Michael Mucha Director, Research & Consulting 318138 0 1900 0 330 0 40750 0 31564 0 392682 0 0 0 Barbara G Mollo Director Ops & Marketing (until 08/31/22) 184359 0 1900 0 113155 0 25766 0 20063 0 345243 0 0 0 Emily Brock Director, Federal Liaison 238240 0 1900 0 232 0 34796 0 24170 0 299338 0 0 0 Beth Aldana Chief Administrative Officer 238290 0 1900 0 969 0 34728 0 20408 0 296295 0 0 0 Robert Roque Sr. Manager, Research & Consulting 230171 0 11900 0 937 0 24490 0 26898 0 294396 0 0 0 Barry G McMeekin Consulting Practice Manager 226077 0 11900 0 1408 0 23969 0 17297 0 280651 0 0 0 Dennis Podgorski Jr Senior IT Manager (until 9/02/22) 125901 0 51900 0 57769 0 0 0 16837 0 252407 0 0 0 Sarah Lombardi Director of Finance 162115 0 1900 0 133 0 8115 0 8095 0 180358 0 0 0 Part I, Line 1a Travel for companions - Reimbursement of companion travel expenses for President, President-Elect, Past-President, and Executive Director/CEO are generally considered taxable unless the business purpose of the companion's travel has been established and documented. Part I, Line 4a The following individuals received severance payments in 2022. These payments are reported as taxable compensation on Part II, column (B)(iii): Barbara G Mollo - $80,000 Dennis Podgorski, Jr. - $30,000 Form 990, Part VI, Section A, line 6 GFOA membership classes are composed of active members, associate members, and honorary members. Form 990, Part VI, Section A, line 7a Active members in good standing shall be entitled to vote on a) Election of the executive board; b) Approval of honorary members; c) Amendment of bylaws; and d) Other such matters the executive board presents to the voting members. Form 990, Part VI, Section A, line 7b GFOA's public policy positions are developed by the GFOA standing committees, approved by the GFOA Executive Board, and adopted by the GFOA membership at the annual business meeting held in conjunction with the GFOA Annual Conference. Form 990, Part VI, Section B, line 11b The organization retains the services of an independent CPA firm to prepare the organization's 990. Management reviews the completed Form 990 draft. Once a draft of the 990 has been completed, the 990 is reviewed by the finance committee and then distributed to all Board of Director members of the organization via a secure website. The board members are then able to review the 990 draft and respond with questions, concerns, or comments. At the end of the review period, including any time needed to address questions and comments, the 990 is finalized and filed with the IRS. Form 990, Part VI, Section B, line 12c Each year, all members of the board of directors and staff are required to read and sign the conflict-of-interest policy. This statement requires certification that they "are not aware of any matter in which I am personally involved that may present an actual or potential conflict of interest." If any potential or actual conflict of interest arises during the year, they agree to immediately disclose the conflict and if appropriate remove themselves from discussion, vote and/or further service. Form 990, Part VI, Section B, line 15 Compensation committee, independent compensation consultant, Form 990 of other organizations, compensation survey, approval by the compensation committee, and approval by the full Executive Board. Form 990 of other organizations and compensation survey. Form 990, Part VI, Section C, line 19 Governing documents and conflict of interest policy available upon request. Audited financial statements are available to the public upon request. GFOA Endowment Corporation 203 N LaSalle Street Suite 2700 Chicago IL 60601 237208840 Type I Supporting Organization IL 501(c)(3) Line 12a, I Government Finance Officers Assn of the United States & Canada 1 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GFOA Endowment Corporation C 467454 Book Value