Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)
MediumBullet Do not enter social security numbers on this form as it may be made public.
MediumBullet Information about Form 990 and its instructions is at www.IRS.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
A For the 2014 calendar year, or tax year beginning 12-01-2014 , and ending 11-30-2015
BCheck if applicable:
CName of organization
USFN
 
Doing business as
 
 
Number and street (or P.O. box if mail is not delivered to street address)
625 THE CITY DRIVE NO 310
 
Room/suite
City or town, state or province, country, and ZIP or foreign postal code
ORANGE, CA92868
D Employer identification number

33-0328597
E Telephone number

G Gross receipts $ 1,963,330
F Name and address of principal officer:
ALBERTA E HULTMAN
625 THE CITY DRIVE NO 310
ORANGE,CA92868
I
Tax-exempt status: ( 6 ) LeftBullet (insert no.) or
J
Website:MediumBullet
HTTP://WWW.USFN.ORG
H(a)
Is this a group return for
subordinates?
H(b)
Are all subordinates
included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1988
M State of legal domicile: CA
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: LEGAL INFORMATION, PUBLICATIONS, INFORMATION RESOURCES & EDUCATION OFFERINGS FOR MORTGAGE BANKING INDUSTRY PROFESSIONALS.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) ........ 3 14
4 Number of independent voting members of the governing body (Part VI, line 1b) ..... 4 14
5 Total number of individuals employed in calendar year 2014 (Part V, line 2a) ...... 5 6
6 Total number of volunteers (estimate if necessary) ............. 6 275
7a Total unrelated business revenue from Part VIII, column (C), line 12 ........ 7a 83,715
b Net unrelated business taxable income from Form 990-T, line 34 ......... 7b 0
Revenues Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 2,059,578 1,962,134
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -190 198
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 2,059,388 1,962,332
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4)..... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 740,028 766,442
16a Professional fundraising fees (Part IX, column (A), line 11e)..... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e).... 1,468,148 1,232,913
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 2,208,176 1,999,355
19 Revenue less expenses. Subtract line 18 from line 12....... -148,788 -37,023
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............. 1,060,599 1,023,576
21 Total liabilities (Part X, line 26)............. 0 0
22 Net assets or fund balances. Subtract line 21 from line 20..... 1,060,599 1,023,576
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title
Paid Preparer Use Only
Print/Type preparer's name
Preparer's signature
Date
PTIN
Firm's name MediumBullet
Firm's EIN MediumBullet
Firm's address MediumBullet



Phone no.
May the IRS discuss this return with the preparer shown above? (see instructions) ..........
For Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y Form 990 (2014)
Form 990 (2014)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response or note to any line in this Part III ..............
1
Briefly describe the organization’s mission: SEE SCHEDULE OTHE MISSION OF USFN IS TO:- PROMOTE COMPETENT PROFESSIONAL AND ETHICAL REPRESENTATION AMONG ITS MEMBERSHIP AND FOR THE MORTGAGE SERVICING INDUSTRY;- REPRESENT THE COLLECTIVE INTERESTS OF OUR MEMBERSHIP TO THE MORTGAGE SERVICING INDUSTRY;- INCREASE BUSINESS OPPORTUNITIES FOR OUR MEMBERSHIP;- SUPPORT THE INTERESTS OF OUR MEMBERS AND THE MORTGAGE SERVICING INDUSTRY THROUGH EDUCATION, LEGISLATION, AND POLITICAL AND GOVERNMENTAL REFORM;- DEVELOP AN ONGOING DIALOGUE ON RELEVANT ASPECTS OF THE MORTGAGE SERVICING INDUSTRY BETWEEN THE MEMBERSHIP AND THE INDUSTRY;- ENCOURAGE THE DEVELOPMENT OF STANDARD PROCEDURES AND TECHNOLOGIES.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ......................
If "Yes," describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ............................
If "Yes," describe these changes on Schedule O.
4
Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
SEE SCHEDULE OBANKRUPTCY COMMITTEE-[CHAIR: DAVID MCALLISTER; VICE CHAIR: EDWARD BOLL; STAFF LIAISON: HILLARY WILLETT]-REGULAR MEETINGS - COMMITTEE MET MONTHLY THROUGHOUT THE YEAR VIA CONFERENCE CALL ON THE LAST TUESDAY. THE COMMITTEE DEFERS ITS REGULAR BUSINESS MEETINGS ONCE EACH QUARTER TO HOLD A SPECIALLY-PLANNED CONFERENCE CALL WITH SERVICERS, REFERENCED BELOW, TO DISCUSS THE LATEST BANKRUPTCY ISSUES.-QUARTERLY SERVICER CONFERENCE CALL - HELD IN JANUARY, APRIL, JULY, AND OCTOBER. CURRENTLY, SERVICER INVITEES NUMBER 73 FROM 34 COMPANIES.-USFN REPORT - RESPONSIBLE FOR FEATURE ARTICLES AND OVERALL REVIEW/PLANNING OF THE ANNUAL BANKRUPTCY-THEMED AUTUMN EDITION, AS WELL AS "BANKRUPTCY UPDATE" COLUMNS FOR EACH QUARTERLY EDITION. AUTUMN BANKRUPTCY ARTICLES INCLUDE: ALTERNATIVE OBJECTIONS TO CHAPTER 13 CRAMDOWNS; THE GREAT "RELIEF FROM STAY" MYTH; RECENT U.S. SUPREME COURT CASES; NATIONAL CHAPTER 13 FORM PLAN PROJECT; AND NACTT ANNUAL CONFERENCE OVERVIEW. THE AUTUMN 2015 EDITION WAS MAILED 11/9/15.-BANKRUPTCY DESK GUIDE - THE NEWEST EDITION OF THE DESK GUIDE WAS RELEASED IN OCTOBER 2013, AFTER A COMPLETE REVIEW, REVISION AND EXPANSION DUE TO THE AMENDED FRBP (EFF. 12/1/11). SINCE THEN, MINOR UPDATES IN DISTRICTS HAVE BEEN MADE, ALONG WITH A RECENT REVISION TO ISSUE AREA 4 (CRAMDOWNS AND STRIP-OFFS) AFTER THE U.S. SUPREME COURT'S JUNE 1ST DECISION IN BANK OF AMERICA V. CAULKETT. POSSIBLE REVISIONS TO ISSUE AREA 3 (PROOFS OF CLAIM) ARE ALSO UNDER CONSIDERATION DUE TO THE UPCOMING FORMS CHANGES (EFF. 12/1/15). ADDITIONALLY, THE NEW FORMS ARE BEING CARRIED OVER TO THE BANKRUPTCY WORKBOOK, WHICH ACCOMPANIES THE USFN BANKRUPTCY TRAINING DVD. MONITORING OF THE BK DESK GUIDE (AND BK WORKBOOK) WILL CONTINUE THROUGHOUT THE RULEMAKING PROCESS AS FURTHER PROPOSED BANKRUPTCY RULES CHANGES AND A NATIONAL CHAPTER 13 PLAN MOVE FORWARD.-PROPOSED NATIONAL CH. 13 PLAN AND FURTHER FRBP CHANGES - COMMITTEE LEADERS (WITH FULL COMMITTEE REVIEW) DRAFTED USFN COMMENTS, WHICH WERE APPROVED BY THE BOARD AND FORMALLY SUBMITTED ON 2/17/15. SEVERAL BK COMMITTEE MEMBERS HAVE ATTENDED THE NUMEROUS PUBLIC MEETINGS OF THE JUDICIAL CONFERENCE ADVISORY COMMITTEE ON BANKRUPTCY RULES THAT HAVE BEEN HELD THROUGHOUT THE YEAR AND HAVE KEPT THE BK COMMITTEE INFORMED. -NACTT ANNUAL MEETING (7/1-7/4) - SEVERAL BK COMMITTEE MEMBERS ATTENDED AND AN OVERVIEW WAS PROVIDED ON THE 7/28/15 QTRLY BK SERVICER CALL, PLUS AN ARTICLE HAS BEEN WRITTEN FOR THE AUTUMN USFN REPORT.-USFN SEMINAR SESSIONS (MARCH, JUNE, & JULY) - COMMITTEE LEADERS AND MEMBERS COORDINATED AND PRESENTED CONTENT FOR SEVERAL SESSIONS AT THE LOAN MANAGEMENT AND SERVICING AND THE LEGAL ISSUES IN LOAN SERVICING 2015 SEMINARS. COMMITTEE LEADERS AND MEMBERS ARE ALSO VOLUNTEERING WITH THE 11/19 USFN BANKRUPTCY, COMPLIANCE AND CURRENT TOPICS WORKSHOP. EDUCATION COMMITTEE - [CHAIR: LOIS VITTI; VICE CHAIR: KELLY ANN POOLE; STAFF LIAISON: MICHELE CHAMPION; BOARD LIAISON: ED KIRN] UPCOMING USFN SEMINARS/WEBINARS - 1-DAY SEMINAR, NOVEMBER 19, ONE OCEAN RESORT HOTEL AND SPA, ATLANTIC BEACH, FL. ATTENDANCE IS SHAPING UP VERY NICELY. 88 REGISTERED TO DATE, INCLUDING 32 SERVICERS. LAURIE MAGGIANO, CFPB, IS SCHEDULED AS THE LUNCH KEYNOTE SPEAKER.- MARCH 16-17, 2016 (WED-THU), THE WESTIN GALLERIA, DALLAS, TX. SHORT PROGRAM: PLANNING IS GOING VERY WELL. MARKETING MATERIAL SHOULD BE AVAILABLE IN DECEMBER 2015.- JUNE 8-10, 2016 (WED-FRI), CHARLOTTE MARRIOTT CITY CENTER, CHARLOTTE, NC. REGULAR PROGRAM: PLANNING WILL START IN DECEMBER 2015.-LEGAL ISSUES, JULY 7-8, 2016, OMNI HOTEL CHICAGO, CHICAGO, IL. PLANNING WILL START IN JANUARY, 2016. CONFERENCE INVOLVEMENT IN 2015 FY:-TMBA WAREHOUSE CONCLAVE, NOV 17, 2015, WESTIN GALLERIA, DALLAS, TX-TMBA MORTGAGE SERVICING FORUM, NOV 18-19, 2015, WESTIN GALLERIA, DALLAS, TX -MBA NATIONAL MORTGAGE SERVICING CONFERENCE, FEB. 16-19, HYATT REGENCY ORLANDO, FL. USFN AND MCS WILL CO-HOST THE RECEPTION ON FEB 17 AT BB KING'S AT 9:00 PM-MIDNIGHT.-CMBA WESTERN STATES LOAN SERVICING CONFERENCE, AUG. 2-4, 2015, SAN DIEGO, CA. EXHIBITOR AND SPONSOR, PANEL PRESENTATION 2015 MILESTONES:-INTRODUCED THE MOBILE APPLICATION FOR ALL OUR SEMINARS THIS YEAR AND IT WAS VERY WELL RECEIVED. ALTHOUGH A LOT OF WORK IS NEEDED ON THE BACKEND, IT IS A MORE EFFICIENT WAY OF GETTING UP-TO-DATE INFORMATION TO THE ATTENDEES. IT ALSO CONTRIBUTED HUGELY TO SAVINGS IN SHIPPING AND PRINTING COSTS.-ONE SEMINAR WAS ADDED THIS YEAR IN JACKSONVILLE, BASED ON THE LEGAL ISSUES FORMAT. REGISTRATIONS TO DATE INDICATE A SATISFYING ATTENDANCE FROM BOTH SERVICERS AND MEMBERS.-THERE WAS A NOTABLE INCREASE IN ATTENDANCE AT THE LEGAL ISSUES, THE SUMMIT AND THE RETREAT THIS YEAR.-THERE WAS A NOTABLE IMPROVEMENT IN THE SERVICER/MEMBER RATIO AT THE MARCH AND JUNE SEMINARS. FC RESOURCES & PUBLICATIONS COMMITTEE-[CHAIR: KIMBERLY RAPHAELI; VICE CHAIR: KAYO MANSON-TOMPKINS; STAFF LIAISON: HILLARY WILLETT]-COMMITTEE MEETS ON THE FIRST THURSDAY OF THE MONTH IN MARCH, JUNE, SEPTEMBER, AND DECEMBER. (LAST MET 9/3/15 - WITH A FURTHER CONFERENCE CALL OF COMMITTEE LEADERS ON 10/6 TO ADDRESS AN NMSRD MATTER, WHICH WAS RAISED BY USFN EXECUTIVE COMMITTEE AFTER THE 9/3 PUBS COMMITTEE CALL; NEXT MEETS 12/3/15.)-NMSRD (31ST ED.)-ONLINE SUBSCRIPTION YEAR RUNS THROUGH 2/29/16; MID-YEAR DISCOUNTED SUBSCRIPTION RATE EFFECTIVE 8/1/15, WITH RELATED MARKETING EMAILERS DISTRIBUTED BY PUBS DEPT. THE COMMITTEE REGULARLY REVIEWS THE STATE-BY-STATE TOPICS TO CONSIDER WHETHER NEW ONES SHOULD BE ADDED. ADDITIONALLY, AN ONLINE "SUGGESTION BOX" FOR TOPICS HAS BEEN ADDED TO THE LANDING PAGE FOR CHAPTER 1 STATE SUMMARIES AND STATE STATUTES.-SINCE THE 11/2014 USFN ANNUAL MEMBER MEETING, UPDATED MATERIAL HAS BEEN PUBLISHED FOR MANY STATES, INCLUDING CA, CT, DC*, FL, HI, IL*, LA, MA*, ME, MI, MT, NJ, NM, NY, OR, PA, PR, TX*, UT*, WA, AND WI, AS WELL AS UPDATES TO THE FANNIE MAE, FREDDIE MAC, HUD, AND VA CHAPTERS. (AN ASTERISK RECOGNIZES THAT MULTIPLE UPDATES HAVE BEEN PUBLISHED FOR THESE STATES IN 2015. WITH THE FREQUENCY OF LEGISLATIVE AND OTHER CHANGES, SOME STATES MAY STILL BE NAMED IN THE "TARGETED UPDATES PENDING" LIST.) TARGETED UPDATES ARE PENDING IN SEVERAL STATES, INCLUDING: AZ, CT, DE, GA, IN, MA, ME, AND MN. FOLLOW-UP IS ONGOING, AND IS ESPECIALLY DIRECTED TO AUTHORS WHERE LEGISLATIVE AND OTHER CHANGES IN THEIR STATES ARE BELIEVED TO HAVE OCCURRED. IF YOU HAVE ANY QUESTIONS ABOUT WHETHER OR NOT THE NMSRD HAS CURRENT INFORMATION FOR YOUR STATE(S), PLEASE CONTACT HILLARY WILLETT AND RACHEL RAMIREZ. [NOTE: SOL TOPIC THAT IS ADDRESSED IN NMSRD STATE SUMMARIES WAS DISCUSSED AND COMMITTEE'S INPUT SHARED WITH THE EXECUTIVE COMMITTEE ON 10/16/15.]-TIMELINE MATRICES & DESK GUIDES-UPDATES TO THE NMSRD CAN IMPACT THE DESK GUIDES AND THE TIMELINES MATRICES; CONCURRENT REVISIONS TO THOSE PUBLICATIONS ARE MADE AS NEEDED. UPDATES CORRESPONDING TO THE NMSRD THIS YEAR INCLUDED: (1) LOSS MITIGATION DESK GUIDE; AND (2) FORECLOSURE TIMELINES MATRICES.-E-UPDATE-THE ELECTRONIC NEWSLETTER WAS RELEASED THROUGHOUT 2015 ON THE SECOND TUESDAY OF THE MONTH, WITH A COMBINED SUMMER EDITION COVERING JULY/AUG. LATEST DISTRIBUTION: 3,419.-USFN REPORT-THE COMMITTEE WAS RESPONSIBLE FOR THE SUMMER 2015 "DEFAULT MANAGEMENT" EDITION, COVERING LEGISLATIVE UPDATES IN 7 STATES. MANY COMPLIMENTS ON THAT EDITION'S INFORMATIVE, TIMELY SUBSTANTIVE CONTENT WERE RECEIVED FROM SERVICERS AND MEMBERS. LATEST DISTRIBUTION: 4,761.
4b (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
SEE SCHEDULE OLEGAL ISSUES COMMITTEE - [CHAIR: CASEY ROSSATO; VICE CHAIR: ADAM SILVER; STAFF LIAISON: HILLARY WILLETT]-REGULAR MEETINGS - COMMITTEE MET MONTHLY THROUGHOUT THE YEAR VIA CONFERENCE CALL ON THE SECOND THURSDAY. THE COMMITTEE DEFERS ITS REGULAR BUSINESS MEETINGS ONCE EACH QUARTER TO HOLD A SPECIALLY-PLANNED CONFERENCE CALL WITH SERVICER AND GSE IN-HOUSE COUNSEL, REFERENCED BELOW, TO DISCUSS THE LATEST LEGAL ISSUES.-QUARTERLY IN-HOUSE COUNSEL CALL - HELD IN JANUARY, APRIL, JULY, AND OCTOBER. CURRENTLY, IN-HOUSE COUNSEL INVITEES NUMBER 86 FROM 30 COMPANIES/GSES.- LEGAL ISSUES SEMINAR - HELD JULY 9-10 IN CHICAGO. (PLANNING SUBCOMMITTEE INCLUDED: CASEY ROSSATO, JAMES CLARKE, JOHN CRANE, ROSEMARIE DIAMOND, LAUREL HANDLEY, DAVID MCALLISTER, KERRY MCINERNEY, LISA LEE, LIZ LOEFGREN, LEE PERRES, ADAM SILVER, DAN WEST) CONFERENCE ATTENDEES: APPROXIMATELY 120 IN-HOUSE/GSE COUNSEL AND MEMBERS.- USFN AMICUS BRIEF FILED - PREPARED BY MCCALLA RAYMER ON BEHALF OF USFN IN THE CASE OF U.S. BANK NAT. ASS'N V. BARTRAM, 2014 WL 1632138 (APR. 25, 2014). ORAL ARGUMENT BEFORE THE FLORIDA SUPREME COURT SCHEDULED FOR 11/4/15. ADDRESSES THE CERTIFIED QUESTION: "DOES ACCELERATION OF PAYMENTS DUE UNDER A NOTE AND MORTGAGE IN A FORECLOSURE ACTION THAT WAS DISMISSED PURSUANT TO RULE 1.420(B), FLORIDA RULES OF CIVIL PROCEDURE, TRIGGER APPLICATION OF THE STATUTE OF LIMITATIONS TO PREVENT A SUBSEQUENT FORECLOSURE ACTION BY THE MORTGAGEE BASED ON ALL PAYMENT DEFAULTS OCCURRING SUBSEQUENT TO DISMISSALOF THE FIRST FORECLOSURE SUIT?"- USFN AMICUS REQUEST RECEIVED - IN THE CASE OF STATE OF COLORADO V. ROBERT J. HOPP & ASSOCIATES, LLC, ET AL., CASE NO. 2014 CV 34780, [MOTION TO DISMISS, DATED APR. 22, 2015]. LEGAL ISSUES COMMITTEE RECEIVED AMICUS REQUEST ON 5/5/15. COMMITTEE REVIEWED ON 5/14, AND RECOMMENDED THAT FILING AN AMICUS BRIEF WOULD BE PREMATURE.- USFN REPORT - RESPONSIBLE FOR FEATURE ARTICLES AND OVERALL REVIEW/PLANNING OF THE ANNUAL LEGAL ISSUES-THEMED WINTER EDITION, AS WELL AS THE "LEGAL UPDATE" COLUMN FOR EACH EDITION. FEATURES ASSIGNED FOR THE WINTER 2016 EDITION: (1) STATUTES OF LIMITATION; AND (2) MUNICIPALITIES AND THEIR REQUIREMENTS AFFECTING RESIDENTIAL FORECLOSURES (ADDRESSING CA, IL, & MA).- SERVICING ISSUES REPORT - MONTHLY REPORT CONTINUED THROUGHOUT 2015, WITH LINKS TO REFERENCED CASE LAW ADDED BY PUBLICATIONS DEPARTMENT STAFF. ALL REPORTS ARE ARCHIVED IN THE ONLINE MEMBER GATEWAY. A QTRLY. CASE SUMMARY IS ALSO SHARED WITH IN-HOUSE/GSE COUNSEL INVITEES TO THE QUARTERLY CONFERENCE CALLS. MARKETING COMMITTEE - [CHAIR: NICOLE ALLING; VICE CHAIR: BEN PADEN; STAFF LIAISON: MICHELE CHAMPION; BOARD LIAISON: RANDY BUETER] PRESS RELEASES / ADVERTISING / MARKETING: - THE DIAMOND AWARD OF EXCELLENCE AD FOR DECEMBER HAS BEEN APPROVED.- NEXT YEAR'S SEMINAR SCHEDULE HAS BEEN DISTRIBUTED TO VARIOUS PUBLICATIONS. - THE COMMITTEE ASSISTED WITH MARKETING THE NOVEMBER 19 WORKSHOP IN JACKSONVILLE.- WE ARE CURRENTLY WORKING ON FINALIZING THE PRESIDENT'S LETTER FOR THE MEMBER DIRECTORY, THE SUMMIT PRESS RELEASE, THE MEMBER DIRECTORY RENEWAL FORMS AND RELEASING A SPONSORSHIP/PARTNERSHIP/ADVERTISING BROCHURE. 2015 MILESTONES:- COMMITTEE MEETING ATTENDANCE AND PARTICIPATION REMAINED CONSTANT THROUGHOUT THE YEAR- A SUCCESSFUL RECEPTION WAS CO-HOSTED WITH MCS AT THE GLASS CACTUS DURING THE MBA CONFERENCE IN DALLAS IN FEBRUARY THIS YEAR. - CHANGING THE WAY UPCOMING SEMINAR NOTIFICATIONS WERE SENT OUT, INCREASED THE OPENING RATE, AS WELL AS ATTENDANCE.- CONTRIBUTED TO THE CHOICE OF VENUES AND THEMES FOR UPCOMING EVENTS. MEMBERSHIP COMMITTEE -- [CHAIR: ROSEMARIE DIAMOND; VICE CHAIR: LORI KING; STAFF LIAISON: ALBERTA HULTMAN; BOARD LIAISON: ED KIRN] VACANCIES IN REGULAR AND ASSOCIATE MEMBERSHIPS- THROUGHOUT 2015, THE COMMITTEE HAS DEALT WITH ISSUES INVOLVING MEMBER FIRMS CLOSING, MERGING AND OTHERWISE CHANGING IN TODAY'S CHALLENGING ENVIRONMENT. TO THAT END THE COMMITTEE HAS DILIGENTLY WORKED TO ENSURE THAT VACANCIES WERE FILLED AS SOON AS POSSIBLE BUT ONLY WITH FIRMS THAT QUALIFY AS FIRST QUALITY LAW FIRMS.- IN ADDITION, THE COMMITTEE HAS EXAMINED APPLICATIONS FROM VENDORS AND OTHER SUPPLIERS OF INDUSTRY-RELATED BUSINESS ENDEAVORS AND HAS WORKED TO ENSURE THAT USFN ONLY AFFILIATES WITH RECOGNIZED LEADERS IN THE MORTGAGE SERVICING INDUSTRY.- THROUGH THE COMMITTEE'S EFFORTS, 7 LAW FIRMS AND 4 ASSOCIATE MEMBER FIRMS WERE ADDED TO USFN'S ROSTER, ALLOWING THE ORGANIZATION TO CONTINUE TO PROVIDE BROAD COVERAGE TO CLIENTS AND MEMBERS FOR NEEDED SERVICES.POLICY INTERPRETATION AND DEVELOPMENT-OVER THE COURSE OF 2015, THE MEMBERSHIP COMMITTEE HAS BEEN CALLED UPON TO INTERPRET EXISTING USFN POLICIES AS CHANGES IN MEMBER FIRMS HAVE OCCURRED, FROM THE MOST MINOR OF CHANGES (LLC TO LLP) TO DEPARTURES OF MAIN / VOTING MEMBERS AND ENSURING CHANGES TO THE HOLDING OF MEMBERSHIP, MERGERS AMONG MEMBERS AND MERGERS BY MEMBERS WITH NON-MEMBERS, ACQUISITION OF MEMBER FIRMS, RETIREMENTS AND MANY OTHER PERMUTATIONS. THE COMMITTEE REALIZES THAT MANY OF THESE CHANGES WERE NOT IMAGINED WHEN USFN'S POLICIES WERE ESTABLISHED IN 1988 AND UPDATED OVER THE COURSE OF THE LAST 26 YEARS. THEREFORE, IN 2016 THERE WILL BE A GENERAL REVIEW AND UPDATING OF MEMBERSHIP REVIEW POLICIES THAT GUIDE THE COMMITTEE AS IT EXAMINES REPORTED CHANGES TO OUR MEMBER FIRMS. WE ARE HOPEFUL THAT THE UPDATED GUIDELINES WILL ASSIST THE COMMITTEE AND USFN IN MAINTAINING OUR "BEST IN CLASS" MEMBERSHIP. REO/EVICTION COMMITTEE - [CHAIR: KEN KUREL; VICE CHAIR: RENEE BISHOP; STAFF LIAISON: HILLARY WILLETT]-REGULAR MEETINGS - COMMITTEE MET MONTHLY THROUGHOUT THE YEAR VIA CONFERENCE CALL ON THE SECOND TUESDAY. (LAST MET 10/13/15; NEXT MEETS 11/10/15.) THE COMMITTEE DEFERS ITS REGULAR MEETINGS ONCE EACH QUARTER TO HOLD A SPECIALLY-PLANNED CONFERENCE CALL WITH SERVICERS, REFERENCED BELOW, TO DISCUSS THE LATEST REO/EVICTION ISSUES.)-QUARTERLY IN-HOUSE COUNSEL CALL - HELD IN JANUARY, APRIL, JULY, AND OCTOBER. CURRENTLY, SERVICER INVITEES NUMBER 45 FROM 21 COMPANIES/GSES.-USFN REPORT - RESPONSIBLE FOR OVERALL REVIEW/PLANNING OF THE ANNUAL POST-FORECLOSURE-THEMED SPRING EDITION. FEATURES ADDRESSED: REDEMPTION ISSUES, RENT CONTROL IN CA CITIES, AND THE POST-PTFA LANDSCAPE IN SIX STATES. ALSO OVERSAW THE "HOA TALK" COLUMNS THROUGHOUT THE YEAR - THESE COVERED FL, IL, MO, NC, AND NV IN 2015.-REO/EVICTION DESK GUIDE & EVICTION TIMELINES MATRIX - POST-PTFA UPDATING TO BOTH PUBLICATIONS AS A RESULT OF THE 12/31/14 EXPIRATION OF THE FEDERAL PROTECTING TENANTS AT PROTECTION ACT; THESE UPDATED PUBLICATIONS WERE RELEASED IN JUNE 2015, WITH RELATED MARKETING EMAILERS DISTRIBUTED BY THE PUBLICATIONS DEPARTMENT. THE COMMITTEE CONTINUES TO MONITOR THE STATUS OF CONGRESSIONAL BILLS PROPOSING TO PERMANENTLY REINSTATE THE FEDERAL PTFA. FURTHER, TARGETED REVIEWS ARE ONGOING WITH STATES CONCERNING POST-PTFA LEGISLATION (NC IS THE MOST RECENT EXAMPLE, WITH AN UPDATE TO THE REO/EVICTION DESK GUIDE MADE PRIOR TO THE 10/1/15 EFFECTIVE DATE OF THE NEW STATE STATUTE.) ADDITIONALLY, CORRESPONDING CHANGES IN THE REO/EV DESK GUIDE WERE CARRIED OVER TO THE FORECLOSURE DESK GUIDE.-MANUFACTURED HOMES DESK GUIDE - LAST FULL REVIEW/UPDATE IN 2007, WITH SUBSEQUENT TARGETED REVIEWS FOR STATES WITH CHANGING LEGISLATION AND REQUIREMENTS. (NO UPDATES TARGETED OR RECEIVED IN 2015.) IN ADDITION TO THE ABOVE COMMITTEES THAT MEET MONTHLY, USFN HAS OTHER COMMITTEES THAT MEET ON A LESS REGULAR SCHEDULE BUT WHICH NONETHELESS CONTRIBUTE TO THE SUCCESS OF USFN TO BE EFFICIENT AND COST EFFECTIVE IN ITS OPERATIONS. THOSE COMMITTEES AND TASK FORCES INCLUDE:ADVISORY BOARD *AUDIT COMMITTEE * FINANCE COMMITTEE * SUMMIT PLANNING COMMITTEE * RETREAT EDUCATION PLANNING COMMITTEE * NOMINATING COMMITTEE * LEGAL ISSUES SEMINAR PLANNING TASK FORCE * TASK FORCE ON COMMITTEE TERM LIMITS AND STRUCTURE * MEMBERSHIP RENEWAL AND CERTIFICATION TASK FORCE * THANK YOU TO ALL OF THE USFN VOLUNTEERS TO HAVE WORKED ON THESE GROUPS AND ISSUES DURING 2015.
4c (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
SEE SCHEDULE OORGANIZATIONAL ACCOMPLISHMENTS-IN ADDITION TO SUPPLYING STAFF SUPPORT TO THE MANY COMMITTEES AND TASK FORCES MENTIONED ABOVE, THE USFN STAFF, CONSISTING OF 6.5 FTE, HAS WORKED THROUGHOUT THE YEAR ON MANY PROJECTS THAT CONTINUE TO PROVIDE VALUE AND BENEFIT TO THE MEMBERSHIP. THESE ITEMS INCLUDE:-USFN PUBLICATIONS PRODUCTION (NMSRD, DESK GUIDES & MATRICES, THE USFN REPORT, EUPDATE); MEMBER BULLETINS; PLANNING AND EXECUTION OF ALL USFN SEMINARS AND EVENTS; ADMINISTRATIVE COORDINATION AND FINANCIAL MANAGEMENT FOR ALL ACTIVITIES OF THE ASSOCIATION; OVERSIGHT OF THE ANNUAL AUDIT, BUDGET AND TAX FILINGS; MARKETING AND ADVERTISING ACTIVITIES FOR THE ORGANIZATION; WEBSITE SUPPORT; MIGRATION TO NEW WINDOWS / OFFICE 365 PLATFORMS AND GENERAL SUPPORT OF ALL OTHER ACTIVITIES OF USFN. -IN ADDITION TO THE ROUTINE DUTIES DESCRIBED ABOVE, STAFF HAS ALSO BEEN WORKING HARD TO PREPARE USFN TO MIGRATE TO A NEW DATABASE/CSM SYSTEM AND RELATED NEW WEBSITE AND MERCHANT PROCESSING. OUR FINAL MONTH OF 2015 WILL ALSO SEE USFN CHANGE TO A NEW, FASTER INTERNET/VOIP SYSTEM TO BETTER SUPPORT OUR NEEDS AND THE NEEDS OF THE MEMBERSHIP.FT STAFF VACANCIES WILL BE FILLED AS SOON AS POSSIBLE.
4d Other program services (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet  
Form 990 (2014)
Form 990 (2014)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A........................
1
 
No
2
Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? ...
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part IClick to see attachment..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II........
4
 
 
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C,
Part IIIClick to see attachment............................
5
Yes
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part IClick to see attachment........................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IVClick to see attachment..............
9
 
No
10
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part VClick to see attachment......
10
 
No
11
If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.
a
Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI.Click to see attachment...................
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIClick to see attachment.......
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIIIClick to see attachment.......
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IXClick to see attachment............
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part XClick to see attachment
11e
 
No
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)? If "Yes," complete Schedule D, Part XClick to see attachment.........................
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment.................
12a
 
No
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E....
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?.....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV...
16
 
No
17
Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) ....
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III...................
19
 
No
20a
Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....
20a
 
No
b
If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?
20b
 
 
Form 990 (2014)
Form 990 (2014)
Page 4
Part IV
Checklist of Required Schedules (continued)
21
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..
21
 
No
22
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........
22
 
No
23
Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I....
25a
 
 
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I...................
25b
 
 
26
Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III.........
27
 
No
28
Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV ..........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If "Yes,"
complete Schedule L, Part IV.....................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV...
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M..
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M.............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1........................
34
 
No
35a
Did the organization have a controlled entity within the meaning of section 512(b)(13)?
35a
 
No
b
If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2...
35b
 
 
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2.............
36
 
 
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2014)
Form 990 (2014)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V ..............
Yes
No
1a
Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..
1a
9
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................
2a
6
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?...
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?..........................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?...
6a
 
No
b
If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
 
b
If "Yes," did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
 
d
If "Yes," indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?............................
7e
 
 
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
 
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?............................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?..........................
7h
 
 
8
Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?.........................
8
 
 
9a
Did the sponsoring organization make any taxable distributions under section 4966?...
9a
 
 
b
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If "Yes," enter the amount of tax-exempt interest received or accrued during the year. ....................
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.
13a
 
 
b
Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....
13b
 
c
Enter the amount of reserves on hand ............
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
No
b
If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..
14b
 
 
Form 990 (2014)
Form 990 (2014)
Page 6
Part VI
Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response or note to any line in this Part VI ..............
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year .....................
1a
14
If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.
b
Enter the number of voting members included in line 1a, above, who are independent ...................
1b
14
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Did the organization have members or stockholders? ................
6
Yes
 
7a
Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................
7a
Yes
 
b
Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)
Yes
No
10a
Did the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
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?
10b
 
 
11a
Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....
12a
Did the organization have a written conflict of interest policy? If "No," go to line 13.......
12a
Yes
 
b
Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................
12b
Yes
 
c
Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done.......................
12c
Yes
 
13
Did the organization have a written whistleblower policy? ...............
13
Yes
 
14
Did the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
CA
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.
20
State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBulletALBERTA E HULTMAN

625 THE CITY DRIVE 310
ORANGE,CA92868 (714) 838-7167
Form 990 (2014)
Form 990 (2014)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response or note to any line in this Part VII ..............
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;
(1) MICHAEL ZEVITZ........................................................................
PRESIDENT
 8.00
.......................   		X   X       0 0 0
(2) EDWARD KIRN........................................................................
VICE PRESIDENT
 8.00
.......................   		X   X       0 0 0
(3) MARTY STONE........................................................................
SECRETARY
 5.00
.......................   		X   X       0 0 0
(4) MICHAEL ARNOVITZ........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(5) JEFFREY WEISSERMAN........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(6) LEE PERRES........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(7) DONNA CASE-ROSSATO........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(8) RANDY BUETER........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(9) STEPHEN COLLINS........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(10) KELLY ANN POOLE........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(11) MARK BOSCO........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(12) LORI KING........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(13) DOUGLAS HANNOY........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(14) ROSEMARIE DIAMOND........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(15) LANCE OLSEN THRU 0415........................................................................
DIRECTOR
 2.00
.......................   		X           0 0 0
(16) ALBERTA E HULTMAN CAE........................................................................
EXECUTIVE DIRECTOR/CEO
 60.00
.......................   		    X       189,626 0 20,911
(17) R HILLARY WILETT........................................................................
DIRECTOR OF PUBS & MEMB SE
 50.00
.......................   		        X   146,924 0 8,815
Form 990 (2014)
Form 990 (2014)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (list any hours for related organizations below dotted line) 		(C)
Position (do not check more than one box, unless person is both an officer and a director/trustee) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; OfficerInd; Key Employee; Highest compensated employee; FormerOfcrDirectorTrusteeInd;


























1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 336,550 0 29,726
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organizationMediumBullet2
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization MediumBullet0
Form 990 (2014)
Form 990 (2014)
Page 9
Part VIII
Statement of Revenue
Check if Schedule O contains a response or note to any line in this Part VIII .............
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512-514
Contributions, Gifts, GrantAmt and OtherAmt Similar Amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines
1a-1f:$ 		 
h Total. Add lines 1a-1f.......MediumBullet  
Program Service RevenueAmt Business Code
2a MEETINGS AND SEMINARS 900099 969,490 969,490    
b MEMBERSHIP DUES 900099 804,009 804,009    
c ADVERTISING 541800 83,715   83,715  
d PRODUCTS AND SERVICES 900099 74,520 74,520    
e SPONSORSHIPS 900099 30,400 30,400    
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 1,962,134
OtherAmt RevenueAmt 3 Investment income (including dividends, interest, and other similar amounts).......MediumBullet 1,196     1,196
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties...........MediumBullet        
(i) Real (ii) Personal
6a Gross rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses   998
c Gain or (loss)   -998
d Net gain or (loss)..........MediumBullet -998     -998
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ..
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ...... MediumBullet  
12 Total revenue. See Instructions......MediumBullet 1,962,332 1,878,419 83,715 198
Form 990 (2014)
Form 990 (2014)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ...............
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21 ....    
2 Grants and other assistance to domestic individuals. See Part IV, line 22 ....    
3 Grants and other assistance to foreign organizations, foreign governments, and foreign individuals. See Part IV, lines 15 and 16 ............    
4 Benefits paid to or for members ....    
5 Compensation of current officers, directors, trustees, and key employees .... 196,427      
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages .... 473,173      
8 Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) .... 6,426      
9 Other employee benefits ....... 47,743      
10 Payroll taxes ........... 42,673      
11 Fees for services (non-employees):        
a Management ......        
b Legal .........        
c Accounting ........... 13,702      
d Lobbying ...........        
e Professional fundraising services. See Part IV, line 17    
f Investment management fees ......        
g Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O) .... 46,272      
12 Advertising and promotion .... 73,812      
13 Office expenses ....... 58,632      
14 Information technology ...... 30,726      
15 Royalties ..        
16 Occupancy ........... 47,935      
17 Travel ............        
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 851,313      
20 Interest ...........        
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 5,473      
23 Insurance .............. 7,682      
24 Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a SM DIRECTORY PROJECT 60,520      
b PUBLICATIONS 30,772      
c OTHER TAXES AND FEES 6,074      
d
e All other expenses        
25 Total functional expenses. Add lines 1 through 24e 1,999,355      
26 Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here MediumBullet if following SOP 98-2 (ASC 958-720).        
Form 990 (2014)
Form 990 (2014)
Page 11
Part X Balance Sheet Check if Schedule O contains a response or note to any line in this Part X ..............
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash–non-interest-bearing ............. 58,276 1 469,782
2 Savings and temporary cash investments ......... 983,774 2 507,976
3 Pledges and grants receivable, net ...........   3  
4 Accounts receivable, net .............   4  
5 Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..................
  5  
6 Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
  6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ..........   9  
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 113,123
b Less: accumulated depreciation ..... 10b 72,268 15,151 10c 40,855
11 Investments—publicly traded securities ..........   11  
12 Investments—other securities. See Part IV, line 11 .....   12  
13 Investments—program-related. See Part IV, line 11 .....   13  
14 Intangible assets ...............   14  
15 Other assets. See Part IV, line 11 ........... 3,398 15 4,963
16 Total assets. Add lines 1 through 15 (must equal line 34)...... 1,060,599 16 1,023,576
Liabilities 17 Accounts payable and accrued expenses .........   17  
18 Grants payable .................   18  
19 Deferred revenue ................   19  
20 Tax-exempt bond liabilities .............   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D....................   25  
26 Total liabilities. Add lines 17 through 25......... 0 26 0
Net Assets or Fund Balance Organizations that follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..............   27  
28 Temporarily restricted net assets ...........   28  
29 Permanently restricted net assets ...........   29  
Organizations that do not follow SFAS 117 (ASC 958), check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds ........ 0 30 0
31 Paid-in or capital surplus, or land, building or equipment fund ..... 0 31 0
32 Retained earnings, endowment, accumulated income, or other funds 1,060,599 32 1,023,576
33 Total net assets or fund balances ........... 1,060,599 33 1,023,576
34 Total liabilities and net assets/fund balances ........ 1,060,599 34 1,023,576
Form 990 (2014)
Form 990 (2014)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response or note to any line in this Part XI ..............
1
Total revenue (must equal Part VIII, column (A), line 12) ............
1
1,962,332
2
Total expenses (must equal Part IX, column (A), line 25) ............
2
1,999,355
3
Revenue less expenses. Subtract line 2 from line 1 ..............
3
-37,023
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..
4
1,060,599
5
Net unrealized gains (losses) on investments ...............
5
 
6
Donated services and use of facilities .................
6
 
7
Investment expenses .....................
7
 
8
Prior period adjustments .....................
8
 
9
Other changes in net assets or fund balances (explain in Schedule O) ........
9
0
10
Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))
10
1,023,576
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response or note to any line in this Part XII .............
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?
2a
Yes
 
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:
b
Were the organization’s financial statements audited by an independent accountant?
2b
 
No
If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:
c
If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
2c
Yes
 
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? .................
3a
 
No
b
If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.
3b
 
 
Form 990 (2014)
Form 990 (2014)
Page 13
Form 990, Special Condition Description:
Special Condition Description
Form 990 (2014)
Form 990 (2014)
Page 14
Additional Data


Software ID:  
Software Version:  
SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet Complete if the organization is described below.SchCMd Bullet Attach to Form 990 or Form 990-EZ.
SchCMd Bullet Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
If the organization answered "Yes" to Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" to Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" to Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet Section 501(c)(4), (5), or (6) organizations: Complete Part III.
Name of the organization
USFN
 
Employer identification number

33-0328597
Part I-A
Complete if the organization is exempt under section 501(c) or is a section 527 organization.

1
Provide a description of the organization’s direct and indirect political campaign activities in Part IV.
2
Political expenditures ....................................SchCMd Bullet
$  
3
Volunteer hours ........................................
 

Part I-B
Complete if the organization is exempt under section 501(c)(3).
1
Enter the amount of any excise tax incurred by the organization under section 4955 .........SchCMd Bullet
$  
2
Enter the amount of any excise tax incurred by organization managers under section 4955 ......SchCMd Bullet
$  
3
If the organization incurred a section 4955 tax, did it file Form 4720 for this year? ..............
4a
Was a correction made? .........................................
b
If "Yes," describe in Part IV.
Part I-C
Complete if the organization is exempt under section 501(c), except section 501(c)(3).
1
Enter the amount directly expended by the filing organization for section 527 exempt function activities SchCMd Bullet
$  
2
Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ...................................SchCMd Bullet

$  
3
Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b..SchCMd Bullet

$  
4
Did the filing organization file Form 1120-POL for this year? ..........................
5
Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.
(a) Name (b) Address (c) EIN (d) Amount paid from filing organization's funds. If none, enter -0-. (e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.










For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.
Cat. No. 50084S
Schedule C (Form 990 or 990-EZ) 2014

Schedule C (Form 990 or 990-EZ) 2014
Page 2
Part II-A
Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).
A Check SchCMd Bulletexpenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet
Limits on Lobbying Expenditures
(The term "expenditures" means amounts paid or incurred.) 		(a) Filing
organization's
totals 		(b) Affiliated group
totals
1a Total lobbying expenditures to influence public opinion (grass roots lobbying) ......    
b Total lobbying expenditures to influence a legislative body (direct lobbying) .......    
c Total lobbying expenditures (add lines 1a and 1b) ...................    
d Other exempt purpose expenditures ........................    
e Total exempt purpose expenditures (add lines 1c and 1d) ...............    
f Lobbying nontaxable amount. Enter the amount from the following table in both
columns.		    
If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
Not over $500,00020% of the amount on line 1e.
Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
Over $17,000,000$1,000,000.
g Grassroots nontaxable amount (enter 25% of line 1f) .................    
h Subtract line 1g from line 1a. If zero or less, enter -0-. ................    
i Subtract line 1f from line 1c. If zero or less, enter -0-. ................    
j If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting
section 4911 tax for this year? ......................................

4-Year Averaging Period Under section 501(h)
(Some organizations that made a section 501(h) election do not have to complete all of the five
columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
Calendar year (or fiscal year
beginning in) 		(a) 2011 (b) 2012 (c) 2013 (d) 2014 (e) Total
2a Lobbying nontaxable amount          
b Lobbying ceiling amount
(150% of line 2a, column(e)) 		 
c Total lobbying expenditures          
d Grassroots nontaxable amount          
e Grassroots ceiling amount
(150% of line 2d, column (e))		  
f Grassroots lobbying expenditures          
Schedule C (Form 990 or 990-EZ) 2014


Schedule C (Form 990 or 990-EZ) 2014
Page 3
Part II-B
Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).
For each "Yes" response to lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.
(a)
No
Yes
(b)
Amount
1
During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:
a
Volunteers? .........................................
 
 
b
Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ....
 
 
c
Media advertisements? ....................................
 
 
 
d
Mailings to members, legislators, or the public? .........................
 
 
 
e
Publications, or published or broadcast statements? .......................
 
 
 
f
Grants to other organizations for lobbying purposes? .......................
 
 
 
g
Direct contact with legislators, their staffs, government officials, or a legislative body? ........
 
 
 
h
Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ......
 
 
 
i
Other activities? ..........................
 
 
 
j
Total. Add lines 1c through 1i ...............................
 
2a
Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....
 
 
b
If "Yes," enter the amount of any tax incurred under section 4912 .................
 
c
If "Yes," enter the amount of any tax incurred by organization managers under section 4912 .....
 
d
If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? .......
 
 
Part III-A
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).
Yes
No
1
Were substantially all (90% or more) dues received nondeductible by members? ................
1
 
No
2
Did the organization make only in-house lobbying expenditures of $2,000 or less? ................
2
Yes
 
3
Did the organization agree to carry over lobbying and political expenditures from the prior year? ..........
3
 
No
Part III-B
Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."
1
Dues, assessments and similar amounts from members .....................
1
 
2
Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political
expenses for which the section 527(f) tax was paid).
a
Current year .........................................
2a
 
b
Carryover from last year ....................................
2b
 
c
Total ............................................
2c
 
3
Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .
3
 
4
If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ................................
4
 
5
Taxable amount of lobbying and political expenditures (see instructions) ..............
5
 
Part IV
Supplemental Information
Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.
Return Reference Explanation
Schedule C (Form 990 or 990EZ) 2014

Additional Data


Software ID:  
Software Version:  

SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
USFN
 
Employer identification number

33-0328597
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .........    
2 Aggregate value of contributions to (during year)    
3 Aggregate value of grants from (during year)    
4 Aggregate value at end of year ........    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register .................... 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the tax year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year
SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .......................................
9
In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:
(i)
Revenue included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:
a
Revenue included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 52283D
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIII and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?
b
If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII .......
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current year (b)Prior year b (c)Two years back (d)Three years back (e)Four years back
1a Beginning of year balance ....          
b Contributions ........          
c Net investment earnings, gains, and losses          
d Grants or scholarships .....          
e Other expenditures for facilities
and programs ........ 		         
f Administrative expenses ....          
g End of year balance ......          
2
Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:
a
Board designated or quasi-endowment SchDMd Bullet  
b
Permanent endowment SchDMd Bullet  
c
Temporarily restricted endowment SchDMd Bullet  
The percentages in lines 2a, 2b, and 2c should equal 100%.
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIII the intended uses of the organization's endowment funds.
Part VI
Land, Buildings, and Equipment. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11a. See Form 990, Part X, line 10.
Description of property (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............        
d Equipment ................   30,528 20,616 9,912
e Other .................   82,595 51,652 30,943
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).).......SchDMdBullet 40,855
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 3
Part VII
Investments—Other Securities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11b. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11c. See Form 990, Part X, line 13.
(a) Description of investment (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11d. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. Complete if the organization answered 'Yes' to Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.
1.(a) Description of liability (b) Book value
Federal income taxes  








Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)Small Bullet  
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII
Schedule D (Form 990) 2014

Schedule D (Form 990) 2014
Page 4
Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total revenue, gains, and other support per audited financial statements ....... 1 1,963,330
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains (losses) on investments .... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIII.) ............ 2d 998
e Add lines 2a through 2d ..................... 2e 998
3 Subtract line 2e from line 1..................... 3 1,962,332
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIII.) ........... 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ...... 5 1,962,332
Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' to Form 990, Part IV, line 12a.
1 Total expenses and losses per audited financial statements ........... 1 2,000,353
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIII.) ............ 2d 998
e Add lines 2a through 2d...................... 2e 998
3 Subtract line 2e from line 1..................... 3 1,999,355
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIII.) ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ...... 5 1,999,355
Part XIII
Supplemental Information
Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.
Return Reference Explanation
PART X, LINE 2: THE ASSOCIATION HAS APPLIED THE PRINCIPLES RELATED TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT THERE IS NO MATERIAL IMPACT ON THE FINANCIAL STATEMENTS.
PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 998.
PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 998.
Schedule D (Form 990) 2014

Additional Data


Software ID:  
Software Version:  




Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 23.
SchJMediumBullet Attach to Form 990.
SchJMediumBullet Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public Inspection
Name of the organization
USFN
 
Employer identification number

33-0328597
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..
2
 
 
3
Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ................
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? .........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.
5
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
 
b
Any related organization? .........................
5b
 
 
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
 
b
Any related organization? .........................
6b
 
 
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
 
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
 
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50053T
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.
(A) Name and Title (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation in column(B) reported as deferred in prior Form 990
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
1ALBERTA E HULTMAN CAEEXECUTIVE DIRECTOR/CEO (i)
(ii)		 183,626
...............................
0 		6,000
...............................
0 		0
...............................
0 		7,789
...............................
0 		13,122
...............................
0 		210,537
...............................
0 		0
...............................
0
2R HILLARY WILETTDIRECTOR OF PUBS & MEMB SE (i)
(ii)		 140,924
...............................
0 		6,000
...............................
0 		0
...............................
0 		5,877
...............................
0 		2,938
...............................
0 		155,739
...............................
0 		0
...............................
0
Schedule J (Form 990) 2014

Schedule J (Form 990) 2014
Page 3
Part III
Supplemental Information
Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II.
Also complete this part for any additional information.
Return Reference Explanation
Schedule J (Form 990) 2014

Additional Data


Software ID:  
Software Version:  
SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
MediumBullet Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.
OMB No. 1545-0047
2014
Open to Public
Inspection
Name of the organization
USFN
 
Employer identification number

33-0328597
Return Reference Explanation
FORM 990, PART III, LINE 3 THE COMMERCIAL/ MULTIFAMILY SECTION/ MEMBERSHIP WAS SUSPENDED INDEFINITELY; NO DUES FOR SECTION WERE COLLECTED IN 2015. THE ORGANIZATION ALSO SCALED BACK ON THE ONSITE TRAINING PROGRAM BY 50%, INCLUDING CONTRACTOR'S RETAINER.
FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE, COMPOSED OF 3 CURRENT OFFICERS AND IMMEDIATE PAST PRESIDENT (WITHOUT VOTE) MAY ACT ON MATTERS OF URGENCY BETWEEN OFFICIAL BOARD MEETINGS; ANY ACTIONS TAKEN IN THIS INTERIM PERIOD MUST BE RATIFIED AT THE NEXT OFFICIAL BOARD MEETING BY THE FULL BOARD.
FORM 990, PART VI, SECTION A, LINE 6 REGULAR MEMBERS AND ASSOCIATE MEMBERS (SUPPLIERS). EACH REGULAR MEMBER FIRM IS AFFORDED ONE VOTE, TO BE CAST BY THE IDENTIFIED KEY HOLDER OF THE MEMBERSHIP; SUCH MEMBER FIRMS ELECT THE MEMBERS OF THE USFN BOARD OF DIRECTORS ON AN ANNUAL BASIS. REGULAR MEMBERS CONSIST OF LAW FIRMS AND TRUSTEE COMPANIES. ASSOCIATE MEMBERS HAVE THE SAME RIGHTS AND PRIVILEGES AS REGULAR MEMBERS EXCEPT THAT ASSOCIATE MEMBERS DO NOT HAVE VOTING RIGHTS AND MAY NOT SIT ON THE BOARD. ASSOCIATE MEMBERS ACTIVELY PARTICIPATE IN THE ORGANIZATION'S ACTIVITIES.
FORM 990, PART VI, SECTION A, LINE 7A EACH REGULAR MEMBER FIRM IS ENTITLED TO VOTE ON AMENDMENTS TO USFN BYLAWS THAT MAY BE PROPOSED FROM TIME TO TIME, AND WHICH SUBSTANTIVELY OR MATERIALLY AFFECT THEIR MEMBERSHIP RIGHTS AND PRIVILEGES. ONE VOTE PER MEMBER FIRM IS AUTHORIZED.
FORM 990, PART VI, SECTION A, LINE 7B SEE DESCRIPTION IN LINE 6 AND 7A ABOVE.
FORM 990, PART VI, SECTION B, LINE 11 THE AUDIT COMMITTEE WILL REVIEW THE FORM 990 PRIOR TO ITS FILING. AS SOON AS THE FORM IS READY, A MEETING VIA CONFERENCE TELEPHONE WILL BE ORGANIZED, THE FORM WILL BE SENT TO EACH AUDIT COMMITTEE MEMBER, AND THE REVIEW WILL BE CONDUCTED TELEPHONICALLY. THE CPA FIRM PREPARING THE 990 WILL BE ASKED TO PARTICIPATE AS A RESOURCE ON THIS CALL. IN ADDITION, THE FORM WILL BE PROVIDED TO THE BOARD OF DIRECTORS AS SOON AS IT IS AVAILABLE.
FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL CONFLICT OF INTEREST FORMS ARE COLLECTED AND REVIEWED BY THE CEO; ANY DISCLOSURES OF CONFLICTS ARE DISCUSSED WITH THE MEMBER IN QUESTION AND THE PRESIDENT OR OTHER OFFICER OF THE BOARD (IF APPROPRIATE), AND ARE ADJUDGED TO BE MATERIAL OR IMMATERIAL TO THE MEMBERS' SERVICE ON THE BOARD. IN ADDITION, A CONFLICT STATEMENT IS PRINTED ON EACH BOARD AGENDA FOR REFERENCE AT THE BEGINNING OF EACH BOARD MEETING AND MEMBERS OF THE BOARD ARE ASKED TO DECLARE ANY CONFLICTS AND REMOVE THEMSELVES FROM DISCUSSION OF SUCH ITEMS.
FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES A BROADER PROCESS FOR THE CEO'S COMPENSATION TO INCLUDE THE USE OF THE COMPENSATION COMMITTEE, SALARIES PER THE 990'S OF SIMILAR ORGANIZATIONS FOR SIMILAR RESPONSIBILITIES; WRITTEN EMPLOYMENT CONTRACT, PUBLISHED ASSOCIATION COMPENSATION SURVEY, AND APPROVAL BY THE BOARD. ALL OTHER POSITIONS ARE STAFF POSITIONS AND THE CEO SUBMITS PROPOSAL FOR TOTAL STAFF COMPENSATION EACH YEAR DURING THE BUDGET PROCESS. THIS PROCESS OCCURS ANNUALLY, AND WAS LAST CONDUCTED IN 2015.
FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON OUR WEBSITE AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST BY MEMBERS; A BALANCE SHEET IS PROVIDED TO MEMBERS AT THE END OF EACH FISCAL YEAR OR AT THE ORGANIZATION'S ANNUAL MEETING.
FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT OF THE REVIEWED FINANCIAL STATEMENT AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGE FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2014

Additional Data


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