2024-09-18T14:38:36-05:00 2023-12-31 521711839 COUNCILOR BUCHANAN & MITCHELL PC 7910 WOODMONT AVE STE 500 BETHESDA MD 20814 990 2023-01-01 362420968 THE ADHESIVE AND SEALANT COUNCIL INC ADHE 3019869700 510 KING STREET 418 ALEXANDRIA VA 22314 WILLIAM ALLMOND PRESIDENT 3019869700 2024-09-16 1 0 JULIA L LAFFERTY P02288149 3019860600 2024-09-16 2023 2024-08-08 14:25:15Z WILLIAM ALLMOND 510 KING STREET 418 ALEXANDRIA VA 22314 5804091 0 X WWW.ASCOUNCIL.ORG X 1958 DE ASC DELIVERS CAREER EDUCATION, INNOVATION COLLABORATION, COMMUNITY KNOWLEDGE SHARING AND A UNIFIED INDUSTRY VOICE. TOGETHER, WE ACCELERATE THE ADOPTION OF ADHESIVES AND SEALANTS TO STRENGTHEN OUR MEMBER BUSINESSES. 21 21 7 21 10475 0 7835 8250 3174704 2534081 108795 146009 223354 0 3514688 2688340 6250 13000 0 0 1192795 1184566 0 0 0 1704426 1537359 2903471 2734925 611217 -46585 4712704 4732545 1299371 1167466 3413333 3565079 X ASC DELIVERS CAREER EDUCATION, INNOVATION COLLABORATION, COMMUNITY KNOWLEDGE SHARING AND A UNIFIED INDUSTRY VOICE. TOGETHER, WE ACCELERATE THE ADOPTION OF ADHESIVES AND SEALANTS TO STRENGTHEN OUR MEMBER BUSINESSES. 0 0 THE ORGANIZATION HOLDS MEETINGS AND CONVENTIONS TO BRING TOGETHER AND EDUCATE ITS VARIOUS MEMBERS WITHIN THE ADHESIVES AND SEALANTS INDUSTRY. THE ORGANIZATION'S MEMBERS BENEFIT FROM MANY RESOURCES PROVIDED BY ASC. THE ORGANIZATION PROVIDES INDUSTRY NEWSLETTERS, COURSES, AND OTHER INFORMATION TO ITS MEMBERS IN AN EFFORT TO PROVIDE THE MOST CURRENT AND RELEVANT INDUSTRY DATA. THE ORGANIZATION COMPILES AND REPORTS VARIOUS STATISTICAL INFORMATION RELATED TO THE ADHESIVE AND SEALANT INDUSTRY. THE ORGANIZATION SERVES AS THE INDUSTRY'S DEDICATED ADVOCATE IN GOVERNMENTAL AFFAIRS. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 1 19 0 1 7 1 1 1 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 VA X THE ORGANIZATION 3019869700 510 KING STREET SUITE 418 ALEXANDRIA VA 22314 FOREST DRIGGS CHAIR 1.00 X X 0 0 0 THOMAS STEWART TREASURER 1.00 X X 0 0 0 SCOTT BUSS DIRECTOR 1.00 X 0 0 0 ROBERT BUTERA DIRECTOR 1.00 X 0 0 0 KEVIN CAMPBELL DIRECTOR 1.00 X 0 0 0 HEATHER CAMPE DIRECTOR 1.00 X 0 0 0 ROBERT DDAMULIRA DIRECTOR 1.00 X 0 0 0 JOELLE FRECHETTE DIRECTOR 1.00 X 0 0 0 SHAMSI GRAVEL DIRECTOR 1.00 X 0 0 0 GERHARD HAAS DIRECTOR 1.00 X 0 0 0 DAMON HOLLIS DIRECTOR 1.00 X 0 0 0 STACY JORDAHL DIRECTOR 1.00 X 0 0 0 JEFF LAMB DIRECTOR 1.00 X 0 0 0 KIM MEIDL DIRECTOR 1.00 X 0 0 0 SUANNE NORRIS DIRECTOR 1.00 X 0 0 0 JACK O'MALLEY DIRECTOR 1.00 X 0 0 0 MARK C SCHNEIDER DIRECTOR 1.00 X 0 0 0 SANGEETHA SUBRAMANIAN DIRECTOR 1.00 X 0 0 0 CORBETT WALLACE DIRECTOR 1.00 X 0 0 0 DAVID WHITE DIRECTOR 1.00 X 0 0 0 CHARLES WILLIAMS DIRECTOR 1.00 X 0 0 0 WILLIAM ALLMOND PRESIDENT 40.00 X 265335 0 16146 VALERYIA MIKHARAVA DIRECTOR, FINANCE 40.00 X 139821 0 34560 BRIAN PETERS DIRECTOR OF MEMBERSHIP 40.00 X 140540 0 31645 MALINDA ARMSTRONG SENIOR DIRECTOR, MEETINGS 40.00 X 157374 0 38891 CONSTANCE HOWE SENIOR DIRECTOR, TECHNICAL 33.00 X 154398 0 5149 857468 0 126391 5 0 1 0 KDG ADVERTISING & MARKETING 5765-F BURKE CENTRE PKWY STE 329 BURKE VA 22015 MARKETING 208434 1 8250 8250 MEMBERSHIP DUES 900099 1200828 1200828 MEETINGS 900099 957613 957613 EDUCATIONAL PROGRAMS 900099 300020 300020 PUBLICATIONS 900099 62121 62121 ADVERTISING 541900 10475 10475 3024 3024 2534081 131550 131550 3130210 3115751 14459 14459 14459 2688340 2523606 10475 146009 X 13000 455862 560784 32232 68567 67121 58287 26585 12923 408539 117637 20084 42509 105165 83794 544373 23327 16252 DUES & SUBSCRIPTIONS 42767 PRINTING 23381 POSTAGE & SHIPPING 7840 TAXES 3896 2734925 359720 238657 1538238 1518040 1476 5417 110591 104087 136017 61940 51172 74077 2014049 2245666 637458 546601 4712704 4732545 79338 97254 473372 432057 746661 638155 1299371 1167466 X 3409884 3562505 3449 2574 3413333 3565079 4712704 4732545 -46585 198331 0 X X 0 1 X 1 0 0 1 0 56165 43958 12207 79852 17982 61870 74077 OPERATING RIGHT-OF-USE LEASE ASSET 546601 546601 OPERATING LEASE LIABILITY 638155 638155 X 2873748 198331 198331 2675417 12923 12923 2688340 2722002 0 2722002 12923 12923 2734925 PART X, LINE 2: THE COUNCIL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) 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 THAT GUIDANCE, THE COUNCIL 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 COUNCIL AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS INCOME TAX (UBIT). THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM 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 RELATED TO UNCERTAIN TAX POSITIONS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED DECEMBER 31, 2023. THE COUNCIL'S POLICY WOULD BE TO RECOGNIZE INTEREST AND PENALTIES, IF ANY, ON TAX POSITIONS RELATED TO ITS UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IN THE FINANCIAL STATEMENTS. NO INTEREST AND PENALTIES WERE ASSESSED OR RECORDED DURING THE YEAR ENDED DECEMBER 31, 2023. 1 SCHOLARSHIPS 6 13000 FAIR MARKET VALUE N/A PART I, LINE 2: TO ENSURE THAT FUNDS ARE USED FOR EDUCATIONAL PURPOSES, ASC DISTRIBUTES AWARDS DIRECTLY TO THE FINANCIAL AID OFFICE OF EACH RESPECTIVE EDUCATIONAL INSTITUTION. X 1 1 X X X 0 0 0 WILLIAM ALLMOND PRESIDENT 240913 0 24091 0 331 0 14455 0 1691 0 281481 0 0 0 MALINDA ARMSTRONG SENIOR DIRECTOR, MEETINGS 142197 0 14558 0 619 0 8665 0 30226 0 196265 0 0 0 VALERYIA MIKHARAVA DIRECTOR, FINANCE 125107 0 14552 0 162 0 8684 0 25876 0 174381 0 0 0 BRIAN PETERS DIRECTOR OF MEMBERSHIP 125901 0 14363 0 276 0 8579 0 23066 0 172185 0 0 0 CONSTANCE HOWE SENIOR DIRECTOR, TECHNICAL 153923 0 0 0 475 0 4657 0 492 0 159547 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE COUNCIL IS AVAILABLE TO FIRMS OR INDIVIDUALS THAT MEET THE ELIGIBILITY REQUIREMENTS OF A MEMBERSHIP CLASS AND THAT AGREE TO PAY APPLICABLE DUES AND ASSESSMENTS. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST SIXTY DAYS BEFORE THE ANNUAL MEETING OF THE COUNCIL, THE NOMINATING COMMITTEE PROMULGATES TO THE MANUFACTURER AND SUPPLIER MEMBER REPRESENTATIVES A SLATE OF NOMINEES FOR THE BOARD TO FILL AVAILABLE SEATS. ADDITIONAL QUALIFIED NOMINEES ARE PROMULGATED IF THEIR WRITTEN NOMINATIONS ARE RECEIVED AT THE HEADQUARTERS OF THE COUNCIL AT LEAST THIRTY-FIVE DAYS BEFORE THE ANNUAL MEETING AND SIGNED BY AT LEAST TWENTY PERCENT OF THE MANUFACTURER OR SUPPLIER MEMBER REPRESENTATIVES. DIRECTORS ARE ELECTED FROM NOMINEES BY THE MANUFACTURER AND SUPPLIER MEMBER REPRESENTATIVES AT THE ANNUAL MEETING OR ELECTRONIC VOTING BEFORE THE ANNUAL MEETING OF THE COUNCIL. FORM 990, PART VI, SECTION A, LINE 7B ONCE APPROVED BY THE BOARD, DUES ADJUSTMENTS AND CREATING MEMBERSHIP CLASSES MUST BE APPROVED BY VOTE OF THE MANUFACTURER MEMBER REPRESENTATIVES. FORM 990, PART VI, SECTION B, LINE 11B THE ASC FORM 990 WAS REVIEWED BY THE BOARD OF DIRECTORS AND APPROPRIATE STAFF PERSONS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO MARCH 1, 2009, BOARD MEMBERS SIGNED A CONFLICT OF INTEREST DOCUMENT WHEN ELECTED AND AGAIN ONCE EVERY THREE YEARS, IF THEIR TERM IS RENEWED. EFFECTIVE MARCH 1, 2009, THE FIRST AGENDA ITEM AT EACH BOARD MEETING THROUGHOUT THE YEAR IS TO INQUIRE IF THERE HAS BEEN ANY CHANGE WITH ANY MEMBER'S CIRCUMSTANCE THAT COULD CREATE A POTENTIAL CONFLICT OF INTEREST. THE INFORMATION WILL THEN BE RECORDED AS PART OF THE OFFICIAL MINUTES AND ADDRESSED AS NEEDED. FORM 990, PART VI, SECTION B, LINE 15A OBJECTIVES ARE SET AT THE BEGINNING OF THE YEAR WITH THE PRESIDENT AND THE CHAIR OF THE BOARD AND REVIEWED BY THE BOARD AND CHAIRMAN. IN JUNE A MID-YEAR REVIEW IS CONDUCTED WITH THE COMPENSATION COMMITTEE AND IN DECEMBER A FINAL REVIEW IS HELD. BASED ON THE OUTCOME OF THIS REVIEW, ALONG WITH THE MOST RECENT SALARY SURVEY FROM THE COUNCIL OF MANUFACTURING ASSOCIATIONS (CMA), THE COMPENSATION COMMITTEE DETERMINES THE BONUS AND PERCENTAGE INCREASE FOR THE PRESIDENT'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE COUNCIL DOES NOT MAKE GOVERNING DOCUMENTS, THE CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G CONSULTANTS 378,739. COMMUNICATIONS 29,800. FORM 990, PART XII, LINE 2C: THE PROCESS DID NOT CHANGE FROM THE PRIOR YEAR.