2024-11-12T16:54:15-06:00 2023-12-31 521186096 RUBINO AND COMPANY CHARTERED 6903 ROCKLEDGE DRIVE SUITE 300 BETHESDA MD 208171818 990 2023-01-01 521695387 STABLE VALUE INVESTMENT ASSOCIATION STAB 2028739567 1800 DIAGONAL ROAD 600 ALEXANDRIA VA 22301 ZACH GIESKE PRESIDENT 2028739567 2024-11-12 1 0 KAY VOLLANS CPA P01404047 3015643636 2023 2024-10-15 13:58:12Z ZACH GIESKE 1800 DIAGONAL ROAD 600 ALEXANDRIA VA 22301 1218527 0 X WWW.STABLEVALUE.ORG X 1990 VA EDUCATING THE PUBLIC AND POLICY MAKERS ON THE NEED TO SAVE AND INVEST FOR RETIREMENT 15 15 2 675 0 0 0 0 1016710 1180475 2273 21230 0 16822 1018983 1218527 0 0 0 0 638197 487697 0 0 0 379976 500677 1018173 988374 810 230153 1038178 1214333 421711 367925 616467 846408 THE SVIA IS DEDICATED TO EDUCATING THE PUBLIC AND POLICY MAKERS ON THE NEED TO SAVE AND INVEST FOR RETIREMENT, AND THE ROLE THAT STABLE VALUE CAN PLAY IN ACHIEVING A FINANCIALLY SECURE RETIREMENT. 0 0 SVIA'S THREE PRIMARY EFFORTS CONSIST OF EVENTS, COMMUNICATIONS AND EDUCATION, AND GOVERNMENT RELATIONS. IN 2023, THE SVIA HELD AN IN-PERSON SPRING SEMINAR AND AN IN-PERSON FALL FORUM AND ANNUAL MEMBERSHIP MEETING. THE SVIA'S COMMUNICATIONS AND EDUCATION INITIATIVES EXPANDED TO INCLUDE ARTICLES ADDRESSING HOW STABLE VALUE PRODUCTS CAN BE USED TO PROVIDE RETIREMENT INCOME. WITH RESPECT TO GOVERNMENT RELATIONS, THE SVIA ENGAGED IN EDUCATIONAL EFFORTS WITH RESPECT TO THE SEC'S CUSTODY RULE AND CONGRESSIONAL EFFORTS TO PROVIDE PARITY TO 403(B) PLANS BY PERMITTING THEIR USE OF COLLECTIVE INVESTMENT TRUSTS AND INSURANCE SEPARATE ACCOUNTS AND INVESTMENT CONTRACTS. 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 2 1 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X KEITH WATSON 2028739567 1800 DIAGONAL ROAD 600 ALEXANDRIA VA 22301 GINA MITCHELL PRESIDENT (END 6/2023) 40.00 X 292220 0 31883 ZACHARY GIESKE INTERIM PRESIDENT 40.00 X 130040 0 32745 NICK GAGE CHAIRMAN 2.00 X X 0 0 0 SHANE JOHNSTON CO-CHAIR GOVT REL. 2.00 X X 0 0 0 MICHAEL LEONBERGER CO-CHAIR GOVT REL. 2.00 X X 0 0 0 DAVID BERG CHAIR DATA & RES. 2.00 X X 0 0 0 ANDREW ERMAN CHAIR COMM. & ED 1.00 X X 0 0 0 TASHIL FAKIR CHAIR, DIVERSITY, EQUITY, INCLUSION 2.00 X X 0 0 0 KEITH WATSON SECRETARY/TREASURER 1.00 X X 0 0 0 LACEY LOCKWARD BOARD MEMBER 1.00 X 0 0 0 ANTHONY LUNA BOARD MEMBER 1.00 X 0 0 0 PAUL MILLER BOARD MEMBER 1.00 X 0 0 0 LAURA PUGLIESE BOARD MEMBER 1.00 X 0 0 0 LUCAS ROBUSTELLI BOARD MEMBER 1.00 X 0 0 0 NEENA SAXENA BOARD MEMBER 1.00 X 0 0 0 MICHAEL SIPPER BOARD MEMBER 2.00 X 0 0 0 KOSTAS SOPHIAS BOARD MEMBER 1.00 X 0 0 0 422260 0 64628 2 0 1 0 0 DUES 900099 710430 710430 CONFERENCE 900099 470045 470045 1180475 21230 21230 MISCELLANEOUS 900099 16822 16736 86 16822 1218527 1197211 0 21316 486889 808 20567 49472 85050 35905 399 13674 8799 280851 578 5382 988374 266574 261379 721906 926470 50 50 16225 9090 19847 19653 773 194 32650 17150 1038178 1214333 95982 55756 325729 312169 421711 367925 X 616467 846408 616467 846408 1038178 1214333 230153 -212 0 X X 0 1 X 1 0 19847 19653 194 194 X 1218315 -212 -212 1218527 0 1218527 988374 0 988374 0 988374 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES ON ITS EXEMPT ACTIVITIES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ASSOCIATION IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPTED STATUS. WHILE GENERALLY EXEMPT FROM TAX, THE ASSOCIATION IS SUBJECT TO TAX ON NET INCOME GENERATED BY UNRELATED BUSINESS INCOME ACTIVITIES AS PROVIDED FOR UNDER APPLICABLE INCOME TAX LAW. THE ASSOCIATION IS NOT AWARE OF ANY ACTIVITIES THAT ARE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME OR EXCISE OR OTHER TAXES. INCOME TAX RETURNS FOR THE YEARS ENDED DECEMBER 31, 2022, 2021 AND 2020 REMAIN OPEN TO EXAMINATION BY THE TAXING JURISDICTIONS. 1 X X X 0 0 0 GINA MITCHELL PRESIDENT (END 6/2023) 208710 0 0 0 83510 0 0 0 31883 0 324103 0 0 0 ZACHARY GIESKE INTERIM PRESIDENT 130040 0 0 0 0 0 0 0 32745 0 162785 0 0 0 PART I, LINE 1A ALL REIMBURSEMENTS MUST INCLUDE DOCUMENTATION. SVIA DOES NOT PAY OR REIMBURSE FOR THE EIGHT ITEMS LISTED. PART I, LINE 1B SVIA HAS A TRAVEL REIMBURSEMENT POLICY, WHICH LIMITS TRAVEL TO ECONOMY CLASS FOR AIRFARE, AS WELL AS REIMBURSEMENT FOR MEALS ACTUAL EXPENSE BUT NO MORE THAN $50/DAY. OTHER TRAVEL RELATED EXPENSES ARE AT ACTUAL COST. FORM 990, PART VI, SECTION A, LINE 1A EXECUTIVE COMMITTEE - THE DIRECTORS MAY ELECT OR APPOINT AN EXECUTIVE COMMITTEE. EXCEPT FOR THE POWER TO AMEND THE ARTICLES OF INCORPORATION AND BYLAWS, THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE INTERVALS BETWEEN MEETINGS OF THE BOARD OF DIRECTORS AND IS SUBJECT TO THE DIRECTION AND CONTROL OF THE BOARD. EXECUTIVE COMMITTEE IS COMPOSED OF TREASURER, CHAIRMAN OF THE BOARD, AND CHAIRS OF COMMITTEES: DATA & RESEARCH, COMMUNICATIONS & EDUCATION, GOVERNMENT RELATIONS, DIVERSITY, EQUITY AND INCLUSION, AND EVENTS. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE THREE TYPES OF MEMBERS: PLAN SPONSOR FIRMS, INDIVIDUALS REPRESENTING EMPLOYERS SPONSORING A DEFINED CONTRIBUTION PLAN; SERVICE FIRM MEMBERS, INDIVIDUALS FROM COMPANIES THAT PROVIDE SERVICES TO PLAN SPONSORS/SERVICE FIRMS; VALUE PROGRAM MEMBERS ARE INDIVIDUALS FROM COMPANIES THAT CONTRIBUTE UP TO $15,000 FOR MORE VISIBILITY IN THE ASSOCIATION AND/OR SPONSORSHIP OF SPECIFIC ASSOCIATION INITIATIVES. VALUE PROGRAM MEMBERS HAS THREE INCREMENTAL LEVELS: $5,000 OR $10,000 OR $15,000. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER FIRM HAS ONE VOTING MEMBER WHO VOTES ON BEHALF OF THE FIRM FOR CANDIDATES FOR THE BOARD OF DIRECTORS AND/OR POLICY POSITIONS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS MUST VOTE/ELECT THE BOARD OF DIRECTORS. EVERY YEAR ONE THIRD OF THE BOARD IS UP FOR ELECTION SINCE BOARD MEMBERS SERVE STAGGERED, THREE-YEAR TERMS. ADDITIONALLY, ANY CHANGE TO THE ASSOCIATION BYLAWS REQUIRES A FORMAL VOTE BY THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN ACCOUNTING FIRM AND THE DRAFT RETURN IS REVIEWED BY MANAGEMENT. AFTER MANAGEMENT REVIEW, DRAFT FORM 990 IS REVIEWED BY TREASURER AND BOARD SUBCOMMITTEE ON FINANCE. THE SUBCOMMITTEE MAKES A RECOMMENDATION FOR THE BOARD TO APPROVE THE FILING. THE BOARD VOTES ON THIS RECOMMENDATION. IF 2/3 OF THE BOARD VOTES IN FAVOR OF THE RECOMMENDATION/RESOLUTION, THEN THE 990-TAX FILING IS APPROVED AND SUBSEQUENTLY FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD HAVE A DUTY TO DISCLOSE TO THE BOARD THE PRESENCE OF ANY CONFLICTS THAT HAVE ARISEN OR THAT THEY REASONABLY BELIEVE MIGHT ARISE BETWEEN THEIR RESPONSIBILITIES AS BOARD MEMBERS OF THE ASSOCIATION AND THEIR CORPORATE OR PERSONAL INTERESTS. SIMILARLY, DIRECTORS HAVE A DUTY TO DISCLOSE TO THE BOARD THE APPEARANCE OF A CONFLICT OF INTEREST. THE BOARD MEMBER MUST DISCLOSE THE PRESENCE OF SUCH CONFLICT OF INTEREST, OR APPEARANCE OF CONFLICT OF INTEREST, TO THE CHAIRPERSON OF THE BOARD, THE SECRETARY, AND ASSOCIATION PRESIDENT AS SOON AS HE OR SHE HAS REASON TO BELIEVE THAT SUCH A CIRCUMSTANCE EXISTS. THE DISCLOSURE OF THE PRESENCE OF SUCH CONFLICT OF INTEREST, OR APPEARANCE OF CONFLICT OF INTEREST, SHALL BE RECORDED IN THE BOARD'S MINUTES. MEMBERS HAVE A DUTY TO RECUSE THEMSELVES FROM PARTICIPATING IN DISCUSSION OR DECISION-MAKING ON MATTERS IN WHICH THEY ARE CONFLICTED AS DESCRIBED ABOVE. ANY DIRECTOR OR ASSOCIATION MEMBER WITH A CONCERN OR QUESTION ABOUT THE APPLICABLE PROVISIONS OF THE CODE OF CONDUCT (WHICH HOUSES THE CONFLICT-OF-INTEREST POLICY) SHOULD CONTACT THE CHAIRPERSON OF THE BOARD, THE SECRETARY, OR PRESIDENT OF THE ASSOCIATION. SUCH PEOPLE SHALL ALSO BE RESPONSIBLE FOR PUTTING THE CONCERN OR QUESTION TO THE BOARD. THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ENFORCING THE APPLICABLE PROVISIONS OF THE CODE. VIOLATION OF SVIA'S CODE OF CONDUCT CAN RESULT IN REMOVAL FROM THE ASSOCIATION'S BOARD OF DIRECTORS UNDER THE TERMS AND CONDITIONS SET FORTH IN THE ASSOCIATION'S BY-LAWS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE DOES AN ANNUAL EVALUATION OF THE PRESIDENT'S COMPENSATION, WHICH IS BASED ON THE ACHIEVEMENT OF THE ASSOCIATION'S YEARLY GOALS AND OBJECTIVES. THESE GOALS ARE RANKED, AND THE INDIVIDUAL IS RATED BY THE COMMITTEE. COMPENSATION IS DETERMINED BASED ON THIS RATING AND/OR RANKING. THE ORGANIZATION ALSO CONSULTS WITH COMPENSATION SURVEYS AND REVIEWS 990S COMPENSATION FOR SIMILAR ORGANIZATIONS WHEN EVALUATING AND DETERMINING COMPENSATION. THE MOST RECENT DATA FROM 990S WAS USED TO EVALUATE COMPENSATION. THAT WAS 2018 FROM GUIDESTAR. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE POSTED ON THE ASSOCIATION'S WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: SVIA HAS A BOARD COMMITTEE THAT OVERSEES THE AUDIT AND THE SELECTION OF THE AUDIT FIRM. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.