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← ASAE RESEARCH FOUNDATION

Form 990 for tax year 2024

Filed by ASAE RESEARCH FOUNDATION.

Totals

Total revenue
$5,190,561
Total expenses
$2,553,634
Contributions and grants received
$716,234
Grants paid
$50,637
Program service revenue
$834,536
Investment income
$3,238,664
Other revenue
$401,127
Total assets, end of year
$28,792,437
Total liabilities, end of year
$1,923,796
Net assets or fund balances, end of year
$26,868,641
Program services expenses (Part IX)
$531,833
Management and general expenses
$1,153,416
Fundraising expenses
$868,385
Program service expenses (Part III)
$531,833

Program services were 20.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Jay L Karen CAE

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sheri Sesay-Tuffour PhD FASAE CAE

    Secretary-Treasurer

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Carmen Elliott MS CAE

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Haley Cox

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Jerald Jacobs Esq

    General Council, Ex Officio Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kimberly Napolitano

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Marc Beebe CAE

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Mary Wheatley IOM CAE

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Preet Bassi CAE

    Board Member

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michelle Mason FASAE CAE

    CEO

    Total calculated
    $1,109,619
    From this org
    $162,582
    From related orgs
    $897,736
    Other
    $49,301
    Hours/week
    5.8 + 31.8 related

    Schedule J breakdown matched by us

    Base
    $127,708 + $705,170 related
    Bonus
    $34,597 + $191,037 related
    Other
    $277 + $1,529 related
    Deferred
    $6,172 + $34,078 related
    Nontaxable benefits
    $1,388 + $7,663 related
    Filer's total
    $170,142 + $939,477 related

  • Morgan Maravich

    VICE PRESIDENT, FOUNDATION RELATIONS

    Total calculated
    $196,517
    From this org
    $178,894
    From related orgs
    $0
    Other
    $17,623
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $171,578
    Bonus
    $7,000
    Other
    $316
    Deferred
    $8,667
    Nontaxable benefits
    $8,956
    Filer's total
    $196,517

  • Andrea Wieters

    DIRECTOR, FUTURE-FOCUSED RESEARCH

    Total calculated
    $126,235
    From this org
    $111,919
    From related orgs
    $0
    Other
    $14,316
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COMPENSATION OF ALL OFFICERS, KEY EMPLOYEES, AND HIGHEST COMPENSATED INDIVIDUALS INCLUDED IN PART VII AND SCHEDULE J, PART II, ARE PAID BY THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, A RELATED 501(C)6 ORGANIZATION. THE ASAE & THE FOUNDATION COMPENSATION PROGRAM IS TARGETED TO PROVIDE COMPETITIVE TOTAL COMPENSATION LEVELS (INCLUDING BOTH ANNUAL CASH COMPENSATION AND SUPPLEMENTAL BENEFITS) FOR HIGHLY COMPETITIVE PERFORMANCE. COMPENSATION IS BENCHMARKED AGAINST DATA DEVELOPED BY INDEPENDENT CONSULTANTS USING SURVEYS COMPRISED OF ORGANIZATIONS WITH SIMILAR INDIVIDUAL MEMBERSHIP AND GENERAL NON-PROFIT ORGANIZATIONS, BOTH REGIONAL AND NATIONAL. THESE ORGANIZATIONS ARE SIMILAR TO ASAE & THE FOUNDATION IN MAGNITUDE, COMPLEXITY, AND SCOPE OF RESPONSIBILITY, AND THEY ARE REPRESENTATIVE OF THE VARIOUS MARKETS IN WHICH ASAE & THE FOUNDATION COMPETE FOR TALENT. TOTAL CASH COMPENSATION IS TARGETED AT THE COMPETITIVE RANGE OF 85% - 115% OF THE 75TH PERCENTILE OF DEVELOPED MARKET RATES, DEPENDING ON TENURE AND EXPERIENCE OF THE CEO.
Schedule J, Part I, Line 6a Compensation contingent on net earnings of the organization
THE FOUNDATION'S CEO IS ALSO CEO OF THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, A RELATED SECTION 501(C)(6) ORGANIZATION. THE CEO'S CONTINGENT COMPENSATION, ACCORDINGLY, IS DETERMINED THROUGH A PROCESS CONDUCTED BY ASAE. THAT PROCESS IS AS FOLLOWS: THE CEO'S TARGET ANNUAL INCENTIVE AMOUNT IS DETERMINED BASED ON THE MARKET PRACTICES OF THE COMPARABLE GROUP AS DESCRIBED IN THE ANSWER (ON ASAE'S FORM 990) TO PART VI, QUESTION 15. THE ANNUAL INCENTIVE AWARD IS BASED ON THE ACHIEVEMENT OF PREDETERMINED FINANCIAL, STRATEGIC, BUSINESS, AND INDIVIDUAL GOALS OF BOTH ASAE AND THE FOUNDATION. THE PRIMARY QUANTITATIVE FACTORS REVIEWED BY THE BOARD OF DIRECTORS INCLUDE AS FINANCIAL MEASURES NET INCOME, REVENUE, TOTAL MEMBERSHIP, AND ACHIEVEMENT OF OTHER BOARD PRIORITIES AS DEFINED EACH YEAR BY THE BOARD OF DIRECTORS. ANNUAL INCENTIVE PAY IS NOT DETERMINED AS A SPECIFIC PERCENTAGE OF NET EARNINGS; RATHER, NET EARNINGS ARE UTILIZED AS MERELY ONE FACTOR WITH REGARD TO OVERALL PERFORMANCE.
Schedule J, Part I, Line 6b Compensation contingent on net earnings of a related organization
THE FOUNDATION'S CEO IS ALSO CEO OF THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, A RELATED SECTION 501(C)(6) ORGANIZATION. THE CEO'S CONTINGENT COMPENSATION, ACCORDINGLY, IS DETERMINED THROUGH A PROCESS CONDUCTED BY ASAE. THAT PROCESS IS AS FOLLOWS: THE CEO'S TARGET ANNUAL INCENTIVE AMOUNT IS DETERMINED BASED ON THE MARKET PRACTICES OF THE COMPARABLE GROUP AS DESCRIBED IN THE ANSWER (ON ASAE'S FORM 990) TO PART VI, QUESTION 15. THE ANNUAL INCENTIVE AWARD IS BASED ON THE ACHIEVEMENT OF PREDETERMINED FINANCIAL, STRATEGIC, BUSINESS, AND INDIVIDUAL GOALS OF BOTH ASAE AND THE FOUNDATION. THE PRIMARY QUANTITATIVE FACTORS REVIEWED BY THE BOARD OF DIRECTORS INCLUDE AS FINANCIAL MEASURES NET INCOME, REVENUE, TOTAL MEMBERSHIP, AND ACHIEVEMENT OF OTHER BOARD PRIORITIES AS DEFINED EACH YEAR BY THE BOARD OF DIRECTORS. ANNUAL INCENTIVE PAY IS NOT DETERMINED AS A SPECIFIC PERCENTAGE OF NET EARNINGS; RATHER, NET EARNINGS ARE UTILIZED AS MERELY ONE FACTOR WITH REGARD TO OVERALL PERFORMANCE.
Schedule J, Part I, Line 7 Non-fixed payments
THE CEO HAS DISCRETION TO PROVIDE STAFF WITH BONUSES BASED ON THE OVERALL ORGANIZATIONAL PERFORMANCE. THIS IS A COMBINATION OF METRICS FOR THE ORGANIZATION. THERE MAY BE ADDITIONAL PERFORMANCE BONUSES GRANTED BASED ON SPECIFIC ACHIEVEMENT OF GOALS FOR A DEPARTMENT AND/OR INDIVIDUAL.
Schedule J, Part I, Line 5 COMPENSATION CONTINGENT ON REVENUES
THE FOUNDATION'S CEO IS ALSO CEO OF THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES, A RELATED SECTION 501(C)(6) ORGANIZATION. THE CEO'S COMPENSATION, ACCORDINGLY, IS DETERMINED THROUGH A PROCESS CONDUCTED BY ASAE. THAT PROCESS IS AS FOLLOWS: THE CEO'S ANNUAL INCENTIVE AMOUNT IS DETERMINED BASED ON THE MARKET PRACTICES OF THE COMPARABLE GROUP AS DESCRIBED IN THE ANSWER (ON ASAE'S FORM 990) TO PART VI, QUESTION 15. THE ANNUAL INCENTIVE AWARD IS BASED ON THE ACHIEVEMENT OF PREDETERMINED FINANCIAL, STRATEGIC, BUSINESS, AND INDIVIDUAL GOALS OF BOTH ASAE AND THE FOUNDATION. THE PRIMARY QUANTITATIVE FACTORS REVIEWED BY THE BOARD OF DIRECTORS INCLUDE AS FINANCIAL MEASURES NET INCOME, REVENUE, TOTAL MEMBERSHIP, AND ACHIEVEMENT OF OTHER BOARD PRIORITIES AS DEFINED EACH YEAR BY THE BOARD OF DIRECTORS. ANNUAL INCENTIVE PAY IS NOT DETERMINED AS A SPECIFIC PERCENTAGE OF REVENUES; RATHER, REVENUES ARE UTILIZED AS MERELY ONE FACTOR WITH REGARD TO OVERALL PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2026
IRS schema version
2024v5.1
Source object
202601959349301885

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