Million Dollar Round Table

“The governing body is governed and managed by an executive committee duly elected by the membership which functions as the board of governance. The committee has five voting officers and includes the chief executive officer as ex-officio, non-voting member.”

“The organization has three classes of membership: 1) qualifying, 2) qualifying and life, and 3) life. Each class of membership shall be a privilege which may be granted or withheld each year by the executive committee.”

“The round table has a nominating committee consisting of seven members. The president and two available past presidents shall be members of the nominating committee with the other four members not being members of governance or past presidents. It is the nominating committee that is assembled to elect new members to the governing body. Members of governance must be qualifying and life members.”

“The by-laws may be amended by the members. The process requires notification of the members not less than 30 days prior to the annual meeting and approval by two-thirds of those members present at the annual meeting and casting votes. Amendments may also be made between annual meetings by solicitation of the members by mail or electronic media. This method also requires 30 day notification in advance of the ballot deadline and approval by two-thirds of members casting votes. Members may propose amendments by written petition containing signatures of not less than 20% of all members. Such petition must be submitted 90 days prior to the annual meeting to facilitate compliance with the 30 day notice requirement.”

“The form 990 is prepared by the organization's independent accounting firm based on information supplied by management. A draft of the return is reviewed by management with any appropriate changes being incorporated into the document before being provided to the governing body prior to filing.”

“Each executive committee member is required to agree to the conflict of interest policy and acknowledges this by signing the conflict of interest policy statement on an annual basis. Compliance is monitored by the executive committee on an annual basis. The policy requires full and prompt disclosure to the executive committee of all relevant facts regarding any possible conflicts of interest. Each executive committee member agrees to inform in writing an officer of mdrt not affected by the conflict. They must then refrain from executive committee discussion with respect to the matter and refrain from voting on the matter.”

“The organization uses outside consultants, asae's blue chip and like association surveys to evaluate compensation at all levels of the organization. The board of governance reviews this information in determining the compensation of the chief executive officer. Occupation specific surveys and consultants are used to review most recent compensation documentation. Compensation for all executive positions was reviewed and documented for 2019. Allowances and reimbursements to committee members are determined based upon the guidelines stipulated within the organization's policy book. The policies included within are strictly adhered to. Compensation for all other employees is evaluated on an annual basis by the chief executive officer and senior director of human resources. Compensation studies previously mentioned are used in the process of evaluating all other employees. Additionally, the organization's job descriptions and salaries are reviewed by an external third party to assess whether the organization's compensation is comparable to like positions in similar organizations. This process is performed and documented approximately once over two to three years.”

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

“Change in pension liability 7,103,783.”

“The organization's executive committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”

“1 form 990, page 1, g gross receipts $ original amount 101,847,383 amended amount 101,632,158 updates necessary to agree to final audited financial statements. Form 990, page 1, part i, line 3 number of voting members of the governing body original amount 5 amended amount 6 form 990, page 1, part i, line 4 number of independent voting members of the governing body original amount - amended amount 6 form 990, page 1, part i, line 9 program service revenue original amount 60,993,536 amended amount 60,993,533 form 990, page 1, part i, line 10 investment income original amount -29,864 amended amount -968,703 form 990, page 1, part i, line 11 other revenue original amount 637,247 amended amount 699,038 form 990, page 1, part i, line 12 total revenue original amount 61,600,919 amended amount 60,723,868 form 990, page 1, part i, line 15 salaries, other compensation, employee benefits original amount 18,257,816 amended amount 18,233,973 form 990, page 1, part i, line 17 other expenses original amount 47,398,540 amended amount 47,684,624 form 990, page 1, part i, line 18 total expenses original amount 65,994,584 amended amount 66,256,825 form 990, page 1, part i, line 19 revenue less expenses original amount -4,393,665 amended amount -5,532,957 form 990, page 1, part i, line 20 total assets original amount 137,371,099 amended amount 136,935,617 form 990, page 1, part i, line 21 total liabilities original amount 17,879,652 amended amount 17,703,344 form 990, page 1, part i, line 22 net assets or fund balances original amount 119,491,447 amended amount 119,232,273 2 form 990, page 3, part iv, line 11f "f) did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under fin 48 (asc 740)? Original amount no amended amount yes updates necessary to agree to final audited financial statements. Form 990, page 3, part iv, line 12b b) was the organization included in consolidated, independent audited financial statements for the tax year? Original amount no amended amount yes form 990, page 6, part vi, section a, line 1b enter the number of voting members included on line 1a, above, who are independent original amount - amended amount 5 form 990, page 6, part vi, section b, line 10a did the organization have local chapters, branches, or affiliates? Original amount no amended amount yes form 990, page 6, part vi, section b, line 10b if "yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes? Original amount no amended amount yes form 990, page 7, part vii, section a, line 1, column (b) stephen stahr: average hours per week for organization and related organizations original amount 50.00/0 amended amount 39.00/1.00 form 990, page 7, part vii, section a, line 1, column (d) stephen stahr: reportable compensation from the organization original amount 931,119 amended amount 921,768 form 990, page 7, part vii, section a, line 1, column (f) stephen stahr: estimated amount of other compensation from the organization and related organizations original amount 224,711 amended amount 163,949 form 990, page 7, part vii, section a, line 2, column (b) barbara o'connor: average hours per week for organization and related organizations original amount 40.00/0 amended amount 39.50/0.50 form 990, page 7, part vii, section a, line 2, column (d) barbara o'connor: reportable compensation from the organization original amount 280,413 amended amount 287,561 form 990, page 7, part vii, section a, line 2, column (f) barbara o'connor: estimated amount of other compensation from the organization and related organizations original amount 36,796 amended amount 12,394 form 990, page 7, part vii, section a, line 3, column (b) pamela brown: average hours per week for organization and related organizations o”

“4 form 990, page 10, part ix, column a, line 5 compensation of current officers, directors, trustees, and key employees original amount 1,524,811 amended amount 1,589,610 updates necessary to agree to final audited financial statements. Form 990, page 10, part ix, column a, line 7 other salaries and wages original amount 11,573,557 amended amount 11,574,430 form 990, page 10, part ix, column a, line 8 pension plan accruals and contributions original amount 1,388,066 amended amount 1,400,236 form 990, page 10, part ix, column a, line 9 other employee benefits original amount 2,890,063 amended amount 2,788,378 form 990, page 10, part ix, column a, line 11b legal original amount 307,973 amended amount 265,003 form 990, page 10, part ix, column a, line 11c accounting original amount 74,088 amended amount 68,838 form 990, page 10, part ix, column a, line 11f investment management fees original amount 231,383 amended amount 495,945 form 990, page 10, part ix, column a, line 11g other original amount 4,689,121 amended amount 4,546,709 form 990, page 10, part ix, column a, line 12 advertising and promotion original amount 2,229,589 amended amount 2,223,308 form 990, page 10, part ix, column a, line 13 office expenses original amount 1,101,833 amended amount 1,101,404 form 990, page 10, part ix, column a, line 14 information technology original amount 8,872,542 amended amount 9,196,163 form 990, page 10, part ix, column a, line 16 occupancy original amount 449,256 amended amount 449,236 form 990, page 10, part ix, column a, line 17 travel original amount 1,545,867 amended amount 1,545,338 form 990, page 10, part ix, column a, line 19 conferences, conventions, and meetings original amount 20,487,637 amended amount 20,524,509 form 990, page 10, part ix, column a, line 24b acquisition/ evaluation original amount - amended amount 323,564 form 990, page 10, part ix, column a, line 24e all other expenses original amount 2,409,235 amended amount 1,944,591 form 990, page 10, part ix, column a, line 25 total functional expenses (total) original amount 65,994,584 amended amount 66,256,825 5 form 990, page 11, part x, line 1 cash - non-interest-bearing original amount 73,252,424 amended amount - updates necessary to agree to final audited financial statements. Form 990, page 11, part x, line 2 savings and temporary cash investments original amount - amended amount 44,266,287 form 990, page 11, part x, line 4 accounts receivable, net original amount 720,755 amended amount 735,634 form 990, page 11, part x, line 8 inventories for sale or use original amount 267,821 amended amount 319,888 form 990, page 11, part x, line 9 prepaid expenses and deferred charges original amount 768,061 amended amount 938,180 form 990, page 11, part x, line 11 investments - publicly traded securities original amount 30,582,614 amended amount 54,301,020 form 990, page 11, part x, line 12 investments - other securities original amount 22,474,215 amended amount 26,887,251 form 990, page 11, part x, line 15 other assets original amount 9,040,211 amended amount 9,222,357 form 990, page 11, part x, line 16 total assets original amount 137,371,099 amended amount 136,935,617 form 990, page 11, part x, line 17 accounts payable and accrued expenses original amount 5,701,140 amended amount 6,303,397 form 990, page 11, part x, line 19 deferred revenue original amount 3,821,262 amended amount 3,829,291 form 990, page 11, part x, line 25 other liabilities original amount 8,357,250 amended amount 7,570,656 form 990, page 11, part x, line 26 total liabilities original amount 17,879,652 amended amount 17,703,344 form 990, page 11, part x, line 27 net assets without donor restrictions original amount 119,491,447 amended amount 119,232,273 form 990, page 11, part x, line 32 total net assets or fund balances original amount 119,491,447 amended amount 119,232,273 form 990, page 11, part x, line 33 total liabilities and net assets/fund balances original amount 137,371,099 amended amount 136,”

“9 schedule j, part ii, line 1, column (b)(i) stephen stahr: base compensation original amount 769,116 amended amount 753,375 schedule j, part ii, line 2, column (b)(i) barbara o'connor: base compensation original amount 276,532 amended amount 275,929 schedule j, part ii, line 3, column (b)(i) pamela brown: base compensation original amount 235,440 amended amount 233,341 schedule j, part ii, line 4, column (b)(i) james unander: base compensation original amount 230,513 amended amount 233,157 schedule j, part ii, line 5, column (b)(i) mark leon: base compensation original amount - amended amount 258,300 schedule j, part ii, line 6, column (b)(i) smruti rajagopalan: base compensation original amount 242,021 amended amount 241,500 schedule j, part ii, line 7, column (b)(i) laura good: base compensation original amount 235,271 amended amount 233,125 schedule j, part ii, line 5, column (b)(ii) mark leon: bonus & incentive compensation original amount - amended amount 3,435 schedule j, part ii, line 1, column (b)(iii) stephen stahr: other reportable compensation original amount - amended amount 6,390 schedule j, part ii, line 2, column (b)(iii) barbara o'connor: other reportable compensation original amount - amended amount 7,751 schedule j, part ii, line 3, column (b)(iii) pamela brown: other reportable compensation original amount - amended amount 6,870 schedule j, part ii, line 4, column (b)(iii) james unander: other reportable compensation original amount - amended amount 5,474 schedule j, part ii, line 5, column (b)(iii) mark leon: other reportable compensation original amount - amended amount 1,295 schedule j, part ii, line 6, column (b)(iii) smruti rajagopalan: other reportable compensation original amount - amended amount 6,858 schedule j, part ii, line 7, column (b)(iii) laura good: other reportable compensation original amount - amended amount 5,473 schedule j, part ii, line 1, column (c) stephen stahr: retirement and other deferred compensation original amount 195,528 amended amount 137,632 schedule j, part ii, line 2, column (c) barbara o'connor: retirement and other deferred compensation original amount 23,184 amended amount 1,826 schedule j, part ii, line 3, column (c) pamela brown: retirement and other deferred compensation original amount 79,215 amended amount 10,574 schedule j, part ii, line 4, column (c) james unander: retirement and other deferred compensation original amount 70,080 amended amount 3,100 schedule j, part ii, line 6, column (c) smruti rajagopalan: retirement and other deferred compensation original amount 6,858 amended amount - schedule j, part ii, line 7, column (c) laura good: retirement and other deferred compensation original amount 64,869 amended amount 3,342 schedule j, part ii, line 1, column (d) stephen stahr: nontaxable benefits original amount 29,183 amended amount 26,317 schedule j, part ii, line 2, column (d) barbara o'connor: nontaxable benefits original amount 13,612 amended amount 10,568 schedule j, part ii, line 3, column (d) pamela brown: nontaxable benefits original amount 15,194 amended amount 11,587 schedule j, part ii, line 4, column (d) james unander: nontaxable benefits original amount 22,546 amended amount 19,793 schedule j, part ii, line 5, column (d) mark leon: nontaxable benefits original amount - amended amount 1,761 schedule j, part ii, line 6, column (d) smruti rajagopalan: nontaxable benefits original amount 14,076 amended amount 10,568 schedule j, part ii, line 7, column (d) laura good: nontaxable benefits original amount 19,188 amended amount 10,568 schedule j, part ii, line 1, column (e) stephen stahr: total of columns (b)-(d) original amount 1,155,830 amended amount 1,085,717 schedule j, part ii, line 2, column (e) barbara o'connor: total of columns (b)-(d) original amount 317,209 amended amount 299,955 schedule j, part ii, line 3, column (e) pamela brown: total of columns (b)-(d) original amount 334,949 amended amount 267,472 schedule j, part ii, line 4, column (e)”