2024-02-02T13:36:56-06:00 2023-03-31 420714325 RSM US LLP 30 S Wacker Drive Ste 3300 Chicago IL 60606 990 2022-04-01 366145045 American Society of Safety Professionals Foundation AMER 8476992929 520 N Northwest Hwy Park Ridge IL 60068 Jennifer McNelly CEO 8476992929 2024-01-30 1 Jennifer McNelly 999009999 1 Rebekuh Eley P01247672 3126343400 2024-01-30 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Jennifer McNelly 520 N Northwest Hwy Park Ridge IL 60068 845429 0 X http://foundation.assp.org X 1966 IL The American Society of Safety Professionals Foundation is committed to a safer future for workers. We advance occupational safety and health (OSH), we promote OSH as a career choice, and we help build a sustainable talent pipeline for the profession. 11 11 0 11 0 0 600487 673418 15504 14397 616453 145502 217 15 1232661 833332 347162 371990 0 0 0 0 0 0 98060 425827 540967 772989 912957 459672 -79625 7167868 6855328 17191 195491 7150677 6659837 The American Society of Safety Professionals Foundation is committed to a safer future for workers. We advance occupational safety and health (OSH), we promote OSH as a career choice, and we help build a sustainable talent pipeline for the profession. 0 0 258342 252159 14397 Education - The Foundation distributes scholarships to students enrolled in an occupational safety and health (OSH) program. The purpose is to encourage interest in the OSH profession and help them with their academic expenses. 366343 119831 0 Professional Education Grants - Through the PE Grant program, we support safety professionals on their path of professional improvement. Grants include any type of OSH-related training such as certification courses, seminars, conferences, etc.The Foundation applied for, and was awarded, a federal grant to develop safety training for OSH professionals. The grant cycle runs from Oct 1, 2022 through Oct 31, 2023. 624685 1 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X Mary Goranson 8476992929 520 N Northwest Hwy Park Ridge IL 60068 Jennifer McNelly CEO 1.00 37.50 X 0 442342 40425 Mary Goranson Director 37.50 0.00 X 0 142747 9604 Trish Ennis MS CSP ARM CRIS Board Chair 4.00 0.00 X X 0 0 0 Brad D Giles PE CSP STS Vice Chair (until 6/30/2022) 1.00 5.00 X X 0 0 0 Christine Sullivan CSP ARM Vice Chair (as of 7/1/2022) 1.00 5.00 X X 0 0 0 Linda M Tapp CSP VP Finance 1.00 3.00 X X 0 0 0 Maribeth Anderson MPA CSP Trustee 1.00 2.00 X 0 0 0 Tim Page-Bottorff CSP CIT Trustee 1.00 2.00 X 0 0 0 Steven Gray CSP CHST Trustee (as of 7/1/2022) 1.00 2.00 X 0 0 0 Courtney Harmon CSP STS Trustee 1.00 0.00 X 0 0 0 David Natalizia Trustee (until 6/30/2022) 1.00 0.00 X 0 0 0 Ken Rueter Trustee (as of 7/1/2022) 1.00 2.00 X 0 0 0 Julius Rhodes Trustee (until 6/30/2022) 1.00 0.00 X 0 0 0 Dan Snyder EdD CSP CHST OHST Trustee 1.00 2.00 X 0 0 0 James Thornton CSP CIH Trustee 1.00 3.00 X 0 0 0 Pam Walaski CSP FASSP Trustee (as of 7/1/2022) 1.00 3.00 X 0 0 0 0 585089 50029 2 0 1 0 0 106543 566875 673418 Scholarship Fee Income 900099 14397 14397 14397 145920 145920 11669 12087 -418 -418 -418 25 10 15 15 833332 14397 0 145517 X 371990 371990 30000 30000 14406 14406 113000 108000 5000 34686 25099 6600 2987 3698 1868 1830 42136 30407 2259 9470 15300 15300 3089 2021 1068 5035 5035 Shared Corporate Svcs. 265220 74792 117758 72670 Scholarship Fees 14397 14397 912957 624685 190212 98060 351627 411168 193 0 3737 22914 96 86 14077 13423 6798138 6407737 7167868 6855328 3145 61550 14046 133941 17191 195491 X 2886053 2192922 4264624 4466915 7150677 6659837 7167868 6855328 X -79625 -529055 117840 X 0 1 X 0 0 X 626658 401376 303912 600487 673418 2605851 626658 401376 303912 600487 673418 2605851 588120 2017731 112097 118744 90457 81518 145920 548736 3154587 82036 0.63960 0.68620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3976652 160966 134180 128180 4143618 3727388 338752 103524 116399 76613 3976652 4164262 73335 131269 103470 538008 3727388 10000 4020901 133361 4164262 10000 10000 0.00740 0.00000 0.99260 0 0 0 Due to Related Party 133941 133941 X 407721 -529055 117840 -411215 818936 14406 -10 14396 833332 898561 10 10 898551 14406 14406 912957 Part V, Line 4: Endowment funds are used to award scholarships and professional education grants. Part X, Line 2: The Foundation 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 guidance, the Foundation 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 the Foundation and various positions related to the potential sources of unrelated business taxable income (UBTI). There were no unrecognized tax benefits identified or recorded as liabilities for the reporting periods presented in these financial statements. The Foundation files Form 990 in the U.S. federal juridiction and the State of Illinois. Part XI, Line 2d - Other Adjustments: Transfer from Related Organization 117,840. Part XI, Line 4b - Other Adjustments: Cost of Goods Sold -10. Part XII, Line 2d - Other Adjustments: Cost of Goods Sold 10. 1 Scholarships 123 252159 PE Grants 46 119831 Part I, Line 2: The Foundation trustees annually monitor fundraising efforts and determine allocated grants based on total dollars raised. The scholarship review committee, which is an independent committee consisting of appointed members, reviews scholarship applications and evaluates recipients based on a ranking system. Funds are awarded based on committee ranking and various criteria required by donor. Records of the process are retained indefinitely. 0 0 0 0 0 0 0 1 0 Jennifer McNelly CEO 0 365536 0 75000 0 1806 0 12200 0 28225 0 482767 0 0 Mary Goranson Director 0 132618 0 8386 0 1743 0 5428 0 4176 0 152351 0 0 Part I, Line 3 The Executive Committee engaged an independent consultant to review salary surveys and develop a composite matrix for the CEO position. With this data, the Executive Committee has determined a salary for the position. Part I, Line 7 Subject to meeting staff KPI and performance expectations of the Board, the CEO is eligible for a discretionary annual bonus as determined by the Board. All other ASSP staff are eligible for discretionary bonuses based on approval by ASSP's Board of Directors. The Board approves an overall staff bonus pool, which is then distributed to ASSP staff based on annual performance reviews. Form 990, Part VI, Section A, line 7a The Foundation Trustees shall be selected by the Society's Board of Directors. Form 990, Part VI, Section A, line 7b Trustees must be approved by ASSP's Board of Directors. Form 990, Part VI, Section B, line 11b Form 990 is reviewed by ASSP's Controller and CFO prior to filing with the IRS. The return is reviewed for clerical accuracy and also reconciled to the audited financial statements. Form 990 is then reviewed by the Foundation Director and ASSP Foundation's CEO. A copy of the Form 990 is then provided to the Foundation Trustees for review before submission to the IRS. Form 990, Part VI, Section B, line 12c Annually, each officer, director, and employee of the ASSP Foundation completes and returns a record of disclosure. The Foundation Trustees review these records of disclosure to determine whether a conflict exists and, if so, to determine what action should be taken. If a conflict exists, the board member having the conflict of interest would remove him/herself from any discussion of voting on the conflict of interest. The acceptance of such disclosures are made a part of the minutes of the meeting or documented by an email ballot. The records of disclosure are maintained in the Foundation's permanent records. Form 990, Part VI, Section B, line 15 Independent persons, in the form of the Executive Committee, meet to review compensation data provided by outside parties. They compare the proposed salary to survey data and make the decision. They provide documentation of the decision and attach the survey data. Form 990, Part VI, Section C, line 19 The results of American Society of Safety Professionals Foundation audit, including the consolidated statement of activities and the consolidated statement of financial position are posted in the Professional Safety Journal each fall. Other documents, such as governing documents, conflict of interest policy, the complete fiscal year audit report, and Form 990 are available upon request for the same period of disclosure as set forth in IRC section 6104(d). Form 990, Part IX, line 11g Other Professional Fees: Program service expenses 108,000. Management and general expenses 0. Fundraising expenses 5,000. Total expenses 113,000. Form 990, Part XI, line 9: Transfer from Related Organization 117,840. American Society of Safety Professionals 520 N Northwest Hwy Park Ridge IL 60068 362413556 Professional Association IL 501(c)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 American Society of Safety Professionals O 266280 Actual