2024-04-13T06:34:36-05:00 2023-04-30 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2022-05-01 274395855 THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL AMER 2026848460 901 15TH STREET NW 525 WASHINGTON DC 200052348 MARGARET G LODISE TREASURER 2026848460 2024-02-29 1 MARGARET LODISE 999009999 0 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ACTEC DEBORAH O MCKINNON 901 15TH STREET NW 525 WASHINGTON DC 200052348 8893635 0 X WWW.ACTEC.ORG X 2010 DE ASSOCIATION OF TRUST AND ESTATE LAWYERS MEETING THE HIGHEST PROFESSIONAL STANDARDS. 43 43 17 51 0 0 0 0 5604433 7295016 282016 119769 79475 9921 5965924 7424706 0 9000 0 0 2053421 2182142 0 0 0 4000023 5775628 6053444 7966770 -87520 -542064 7291426 7449896 2773087 3404022 4518339 4045874 X ENHANCE THE ABILITY OF ACTEC MEMBERS TO PROVIDE THE MOST EFFICIENT AND HIGHEST QUALITY SERVICES TO THEIR CLIENTS; DEVELOP QUALIFIED TRUST AND ESTATE COUNSELORS; IMPROVE AND REFORM PROBATE, TRUST AND TAX LAWS, PROCEDURES, AND STANDARDS OF PROFESSIONAL RESPONSIBILITY; AND COOPERATE WITH BAR ASSOCIATIONS AND OTHER ORGANIZATIONS WITH SIMILAR MISSIONS. 0 0 NATIONAL MEETINGS OF THE MEMBERSHIP TO DISCUSS ESTATE AND TRUST LAW. ACTEC WEBSITE, PUBLICATIONS, AND OTHER OUTREACH. REGIONAL MEETINGS OF ACTEC FELLOWS FROM STATES AND REGIONS TO DISCUSS ESTATE AND TRUST LAW. 0 0 0 1 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 25 0 1 17 1 0 0 0 0 1 1 0 0 0 X 43 43 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X DEBORAH OBERST 2026848460 901 15TH STREET NW NO 525 WASHINGTON DC 200052348 KURT A SOMMER PRESIDENT 10.00 X X 0 0 0 SUSAN D SNYDER PRESIDENT-ELECT 10.00 X X 0 0 0 PETER S GORDON VICE PRESIDENT 10.00 X X 0 0 0 MARGARET G LODISE TREASURER 10.00 X X 0 0 0 MELISSA J WILLMS SECRETARY 10.00 X X 0 0 0 ANN B BURNS IMMEDIATE PAST PRESIDENT (IPP) (TO MAR '23) 10.00 X X 0 0 0 ROBERT W GOLDMAN IMMEDIATE PAST PRESIDENT (IPP) 10.00 X X 0 0 0 FARHAD AGHDAMI REGENT 2.00 X 0 0 0 SHANNON K BARKS REGENT 2.00 X 0 0 0 LEIGH-ALEXANDRA BASHA REGENT 2.00 X 0 0 0 BRAD BEDINGFIELD REGENT 2.00 X 0 0 0 GERRY W BEYER REGENT 2.00 X 0 0 0 LORA L BROWN REGENT 2.00 X 0 0 0 ELAINE M BUCHER REGENT (TO MAR '23) 2.00 X 0 0 0 STEPHANIE B CASTEEL REGENT 2.00 X 0 0 0 TAMI CONETTA REGENT 2.00 X 0 0 0 MICKEY R DAVIS REGENT (TO MAR '23) 2.00 X 0 0 0 LAUREN Y DETZEL REGENT 2.00 X 0 0 0 LYAT EYAL REGENT (FROM MAR '23) 2.00 X 0 0 0 DANA G FITZSIMONS JR REGENT (FROM MAR '23) 2.00 X 0 0 0 GREGORY V GADARIAN REGENT 2.00 X 0 0 0 CHRISTOPHER H GADSEN REGENT 2.00 X 0 0 0 STEVEN B GORIN REGENT (TO MAR '23) 2.00 X 0 0 0 LYNNE K GREEN REGENT (TO MAR '23) 2.00 X 0 0 0 MIRIAM W HENRY REGENT 2.00 X 0 0 0 ELIZABETH HOLLAND HUTCHINS REGENT 2.00 X 0 0 0 JOSHUA E HUSBANDS REGENT 2.00 X 0 0 0 KIM KAMIN REGENT 2.00 X 0 0 0 BETH SHAPIRO KAUFMAN REGENT 2.00 X 0 0 0 TRENT S KIZIAH REGENT (TO MAR '23) 2.00 X 0 0 0 CYNTHIA G LAMAR-HART REGENT (FROM MAR '23) 2.00 X 0 0 0 JAMES D LAMM REGENT 2.00 X 0 0 0 BRIDGET A LOGSTROM KOCI REGENT 2.00 X 0 0 0 MICHELLE A W MCKINNON REGENT (FROM MAR '23) 2.00 X 0 0 0 NANCY MCLAUGHLIN REGENT (TO MAR '23) 2.00 X 0 0 0 STEVEN K MIGNOGNA REGENT 2.00 X 0 0 0 PETER T MOTT REGENT 2.00 X 0 0 0 RAYMOND CLIFFORD ODOM REGENT (FROM MAR '23) 2.00 X 0 0 0 BENETTA Y PARK REGENT 2.00 X 0 0 0 JEFFERY T PEETZ REGENT (FROM MAR '23) 2.00 X 0 0 0 MICHAELLE D RAFFERTY REGENT 2.00 X 0 0 0 CAROLYN ANN REERS REGENT 2.00 X 0 0 0 MARGARET EW SAGER MEMBER AT LARGE 2.00 X 0 0 0 SUSAN SHIELDS REGENT (FROM MAR '23) 2.00 X 0 0 0 JAMES D SPRATT JR MEMBER AT LARGE 2.00 X 0 0 0 ROBERT E TEMMERMAN JR REGENT (TO MAR '23) 2.00 X 0 0 0 JEFFREY THEDE MEMBER AT LARGE (FROM MAR '23) 2.00 X 0 0 0 STEVEN E TRYTTEN REGENT 2.00 X 0 0 0 STEPHANIE M TUTHILL REGENT (FROM MAR '23) 2.00 X 0 0 0 SUZANNE BROWN WALSH REGENT 2.00 X 0 0 0 LAUREN WOLVEN REGENT 2.00 X 0 0 0 DEBORAH O MCKINNON EXECUTIVE DIRECTOR 34.00 X 445000 0 33812 DYLAH E WALLENIUS MEETINGS DIRECTOR 39.20 X 146730 0 33433 REBECCA VANDALL DIRECTOR, COMMUNICATIONS & MARKETING 39.20 X 139000 0 5885 VIRNA J TAVAREZ STATE & REGIONAL MEETINGS 39.20 X 135917 0 26582 DEBORAH OBERST CONTROLLER 36.00 X 129085 0 22524 AMY CRAWFORD COMMITTEES & CLE DIRECTOR 28.80 X 118194 0 33307 1113926 0 155543 7 0 1 0 MANCHESTER GRAND HYATT SAN DIEGO ONE MARKET PLACE SAN DIEGO CA 92101 HOTEL SERVICES 962381 DESTINATION PARADISE 7070 BEMBE BEACH ROAD ANNAPOLIS MD 21403 DESTINATION MANAGEMENT COMPANY 749072 GRAVINA SMITH MATTE & ARNOLD 12474 BRANTLEY COMMONS COURT FORT MYERS FL 33907 CONSULTING SERVICES 629462 FAIRMONT SAN FRANCISCO 950 MASON ST SAN FRANCISCO CA 94108 HOTEL SERVICES 497577 FAIRMONT BANFF SPRINGS 405 SPRAY AVE BANFF ALBERTA CA T1L 1J4 HOTEL SERVICES 327946 7 MEETING REVENUE 4699982 4699982 MEMBERSHIP DUES 2417290 2417290 PUBLICATIONS 177744 177744 7295016 110120 110120 8799 8799 1478578 1468929 9649 9649 9649 1122 1122 1122 7424706 7295016 0 129690 9000 437029 1386165 71651 168506 118791 274560 97148 45515 278655 401935 492073 273030 128961 3495211 60066 53540 PRODUCTION COSTS 57707 MEMBERSHIP EXPENSES 43910 HR SERVICES AND RECRUIT 37752 MISCELLANEOUS 35565 7966770 1368872 1053870 958637 481679 84249 170108 100689 124362 759080 494198 182652 264882 4113710 3958075 482617 1396920 7291426 7449896 477394 288942 2007564 2011866 288129 1103214 2773087 3404022 X 4518339 4045874 4518339 4045874 7291426 7449896 -542064 69599 0 X 0 1 X 1 0 0 1 0 3391571 143514 286636 3248449 3872937 -352110 129256 3391571 3019734 985203 132000 3872937 2454079 496000 69655 3019734 2369859 103816 2454079 1.00000 0 0 199941 91192 108749 282711 282711 0 276428 120295 156133 264882 ROU LEASE ASSET 893030 DEPOSITS 471752 ACCRUED INTEREST 17650 INTERCOMPANY RECEIVABLE 14488 1396920 ROU LEASE LIABILITY 1103214 1103214 7461186 69599 12396 81995 7379191 45515 45515 7424706 7933651 12396 12396 7921255 45515 45515 7966770 PART V, LINE 4: THE COLLEGE'S FINANCIAL MANAGEMENT COMMITTEE OVERSEES ITS INVESTMENT POLICIES STATEMENT (IPS) AND RECOMMENDS TO THE BOARD OF REGENTS AN APPROPRIATE ANNUAL ENDOWMENT DRAW TO HELP FUND OPERATIONS. 1 THE ACTEC FOUNDATION 901 15TH STREET NW WASHINGTON DC 200052348 275024342 501(C)(3) 9000 0 SPONSORSHIP OF THE RUDY OGBURN MEMORIAL 1 0 PART I, LINE 2: THE "RUDY OGBURN MEMORIAL FUND FOR THE SOUTHEAST FELLOWS INSTITUTE" HAS BEEN ESTABLISHED THROUGH THE ACTEC FOUNDATION FOR THE PURPOSE OF MAKING GRANTS TO PROVIDE TUITION ASSISTANCE TO STUDENTS ATTENDING THE INSTITUTE. X X 0 0 0 DEBORAH O MCKINNON EXECUTIVE DIRECTOR 424936 0 20000 0 64 0 15250 0 18562 0 478812 0 0 0 DYLAH E WALLENIUS MEETINGS DIRECTOR 144071 0 2500 0 159 0 7336 0 26097 0 180163 0 0 0 VIRNA J TAVAREZ STATE & REGIONAL MEETINGS 127758 0 8000 0 159 0 6796 0 19786 0 162499 0 0 0 DEBORAH OBERST CONTROLLER 127426 0 1500 0 159 0 6454 0 16070 0 151609 0 0 0 AMY CRAWFORD COMMITTEES & CLE DIRECTOR 115535 0 2500 0 159 0 5910 0 27397 0 151501 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE FUNCTIONS AS A STEERING COMMITTEE FOR THE BOARD OF REGENTS. BETWEEN MEETINGS OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL CONTROL THE AFFAIRS OF ACTEC, WITH ALL AUTHORITY OF THE BOARD, EXCEPT IT SHALL NOT: (I) AMEND OR REPEAL THE BYLAWS OR ADOPT NEW BYLAWS, (II) FIX DUES, (III) FILL VACANCIES ON THE BOARD OR THE EXECUTIVE COMMITTEE, (IV) CREATE COMMITTEES HAVING THE AUTHORITY OF THE BOARD, (V) ELECT OFFICERS OR MEMBERS OR ADOPT RULES OR REGULATIONS WITH RESPECT TO THE ELECTION OF OFFICERS OR MEMBERS, OR (VI) APPROVE ANY ACTION WHICH ALSO REQUIRES THE APPROVAL OF THE VOTING FELLOWS. THE EXECUTIVE COMMITTEE CONSISTS OF NINE MEMBERS OF THE BOARD OF REGENTS, INCLUDING THE PRESIDENT, PRESIDENT-ELECT, VICE PRESIDENT, SECRETARY, TREASURER AND THE IMMEDIATE PAST PRESIDENT. IN ADDITION, THERE ARE THREE MEMBERS AT LARGE. FORM 990, PART VI, SECTION A, LINE 6 THERE ARE SIX CLASSES OF MEMBERS OF THE COLLEGE: FELLOW, INTERNATIONAL FELLOW, ACADEMIC FELLOW, JUDICIAL FELLOW, HONORARY FELLOW AND RETIRED FELLOW. (A) FELLOW: TO BE ELIGIBLE TO BE ELECTED AS A FELLOW, A CANDIDATE MUST BE EITHER: (I) A LAWYER WHO IS LICENSED TO PRACTICE IN THE HIGHEST COURT OF ANY STATE OR JURISDICTION OF THE UNITED STATES, WHO PRACTICES IN A JURISDICTION WITHIN THE UNITED STATES, AND WHO HAS NOT LESS THAN TEN YEARS EXPERIENCE IN ACTIVE PRIVATE TRUST AND ESTATE LEGAL PRACTICE, THREE OF WHICH IMMEDIATELY AND CONTINUOUSLY PRECEDE AND ARE CONTINUING AT THE TIME THE NOMINATION IS SUBMITTED AND THE CANDIDATE IS ELECTED. (II) A LAWYER WHO IS LICENSED TO PRACTICE IN THE HIGHEST COURT OF ANY STATE OR JURISDICTION OF THE UNITED STATES, WHO SERVES AS FIDUCIARY COUNSEL WITH A FIDUCIARY SERVICES COMPANY AND WHO HAS A TOTAL OF NOT LESS THAN TEN YEARS' EXPERIENCE (A) AS A LAWYER IN THE ACTIVE PRIVATE PRACTICE OF TRUST AND ESTATE LAW OR (B) AS FIDUCIARY COUNSEL WITH A FIDUCIARY SERVICES COMPANY, OR (C) A COMBINATION THEREOF. TO BE ELIGIBLE AS A FELLOW, A CANDIDATE (A) MUST HAVE A WELL-DESERVED OUTSTANDING REPUTATION IN THE FIELD OF TRUSTS AND ESTATES, (B) MUST HAVE DEMONSTRATED EXCEPTIONAL SKILL IN TRUST AND ESTATE LAW AND (C) MUST HAVE CONTRIBUTED SUBSTANTIALLY TO THE FIELD OF TRUST AND ESTATE LAW BY LECTURING, WRITING, TEACHING, OR BEING INVOLVED IN BAR ACTIVITIES OR IN THE ENACTMENT OF SIGNIFICANT STATE OR FEDERAL TRUST AND ESTATE LEGISLATION. (B) INTERNATIONAL FELLOW: TO BE ELIGIBLE TO BE ELECTED AS AN INTERNATIONAL FELLOW, A CANDIDATE MUST BE: (I) A LAWYER WHO IS LICENSED TO PRACTICE IN THE HIGHEST COURT OF ANY STATE OR JURISDICTION OF THE UNITED STATES, WHO PRACTICES UNITED STATES TRUSTS AND ESTATES LAW IN A COUNTRY OTHER THAN THE UNITED STATES, OR (II) A LAWYER OF A COUNTRY OTHER THAN THE UNITED STATES WHO HAS BEEN LICENSED IN HIS OR HER JURISDICTION AFTER MEETING LICENSING QUALIFICATIONS COMPARABLE TO THE LICENSING QUALIFICATIONS REQUIRED TO BE A FELLOW, AND IS A LAWYER WHO HAS NOT LESS THAN TEN YEARS EXPERIENCE IN ACTIVE PRIVATE TRUST AND ESTATE LEGAL PRACTICE, THREE OF WHICH IMMEDIATELY AND CONTINUOUSLY PRECEDE AND ARE CONTINUING AT THE TIME THE NOMINATION IS SUBMITTED AND THE CANDIDATE IS ELECTED, AND WHOSE TRUST AND ESTATE LEGAL PRACTICE REGULARLY INVOLVES CROSS BORDER WORK BETWEEN THE UNITED STATES AND ANOTHER COUNTRY THAT REQUIRES COORDINATION AND COOPERATION WITH LAWYERS OF BOTH COUNTRIES. (C) ACADEMIC FELLOW: TO BE ELIGIBLE TO BE ELECTED AS AN ACADEMIC FELLOW, A CANDIDATE MUST BE A FULL-TIME TEACHER OF LAW AT A DULY ACCREDITED LAW SCHOOL WHO SPECIALIZES IN TEACHING TRUST AND ESTATE LAW AND WHO HAS A TOTAL OF NOT LESS THAN TEN YEARS CUMULATIVE EXPERIENCE AS A LAWYER IN THE ACTIVE PRACTICE OF TRUST AND ESTATE LAW OR AS A TRUST AND ESTATE LAW TEACHER, OR A COMBINATION THEREOF. (D) JUDICIAL FELLOW: A FELLOW, INTERNATIONAL FELLOW, OR ACADEMIC FELLOW WHO BECOMES A JUDGE MAY DESIGNATE HIMSELF OR HERSELF AS A JUDICIAL FELLOW. UPON CEASING TO BE A JUDGE, A JUDICIAL FELLOW SHALL AUTOMATICALLY REVERT TO HIS OR HER PRIOR MEMBERSHIP CLASSIFICATION. (E) HONORARY FELLOW: TO BE ELIGIBLE TO BE ELECTED AS AN HONORARY FELLOW, A CANDIDATE MUST BE A NOTABLE LAWYER, JUDGE OR JUSTICE OF PREEMINENT DISTINCTION IN THE UNITED STATES OR A NOTABLE CITIZEN OF ANOTHER COUNTRY WHO HAS MADE A SUBSTANTIAL CONTRIBUTION TO THE TRUST AND ESTATE FIELD OF LEGAL PRACTICE. (F) RETIRED FELLOW: ANY FELLOW, INTERNATIONAL FELLOW, FORMER FELLOW, FORMER INTERNATIONAL FELLOW, ACADEMIC FELLOW, OR FORMER ACADEMIC FELLOW WHO, IN ACCORDANCE WITH CRITERIA ESTABLISHED FROM TIME TO TIME BY THE BOARD OF REGENTS HAS RETIRED AND ELECTS THIS CLASS OF MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7A THE "MEMBERSHIP ADMINISTRATOR" SHALL BE RESPONSIBLE FOR PROCESSING ALL NOMINATIONS FOR ELECTION AS A FELLOW, INTERNATIONAL FELLOW, ACADEMIC FELLOW, OR HONORARY FELLOW. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY MANAGEMENT AND THE TREASURER. THE FORM 990 IS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF REGENTS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE COLLEGE PUT ITS CONFLICT OF INTEREST POLICY INTO PLACE IN THE FALL OF 2010. THE COLLEGE MONITORS ITS CONFLICT OF INTEREST POLICY TO ADDRESS ANY ACTUAL OR PERCEIVED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR, THE EXECUTIVE COMMITTEE, IN CONJUNCTION WITH THE EXECUTIVE COMPENSATION COMMITTEE, EVALUATES THE PERFORMANCE AND COMPENSATION OF THE EXECUTIVE DIRECTOR, WHO IS THE COLLEGE'S CEO AND TOP MANAGEMENT OFFICIAL. AS NECESSARY, THE EXECUTIVE COMMITTEE CONSULTS OUTSIDE ADVISORS, REVIEWS AGAINST MARKET DATA, AND CONTEMPORANEOUSLY DOCUMENTS ITS DECISION PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FLORIDA FELLOWS INSTITUTE LLC 901 15TH ST NW SUITE 525 WASHINGTON DC 20005 274395855 EDUCATIONAL DE 34400 72529 ACTEC HEART OF AMERICA FELLOWS INSTITUTE LLC 901 15TH ST NW SUITE 525 WASHINGTON DC 20005 274395855 EDUCATIONAL DE 0 26822 ACTEC MID-ATLANTIC FELLOWS INSTITUTE LLC 901 15TH ST NW SUITE 525 WASHINGTON DC 20005 274395855 EDUCATIONAL DE 249400 205429 ACTEC SOUTHEAST FELLOWS INSTITUTE LLC 901 15TH ST NW SUITE 525 WASHINGTON DC 20005 274395855 EDUCATIONAL DE 141600 75748 ACTEC NEW ENGLAND FELLOWS INSTITUTE LLC 901 15TH ST NW SUITE 525 WASHINGTON DC 20005 274395855 EDUCATIONAL DE 95200 51695 ACTEC THE ORGANIZATION IS FILING FORM 990 AFTER THE RETURN DUE DATE (INCLUDING EXTENSIONS) AS A RESULT OF ITS PAID PREPARER FIRM'S EFIN ACCOUNT BEING ERRONEOUSLY SUSPENDED. THE FIRM MADE EVERY EFFORT TO HAVE ITS ACCOUNT TIMELY REINSTATED, BUT WAS UNABLE TO SUCCESSFULLY TRANSMIT THE RETURN BEFORE THE DUE DATE. THE ORGANIZATION WAS DENIED PERMISSION TO FILE A PAPER COPY OF FORM 990 DUE TO THE MANDATORY ELECTRONIC FILING PROVISIONS OF THE TAXPAYER FIRST ACT. A GOOD-FAITH EFFORT WAS MADE TO ELECTRONICALLY FILE FORM 990 BEFORE THE RETURN DUE DATE, AND EVIDENCE OF THAT ATTEMPT IS AVAILABLE UPON REQUEST. FOR THESE REASONS WE RESPECTFULLY REQUEST THAT THIS RETURN BE TREATED AS TIMELY FILED, AND THAT ANY PENALTIES BE WAIVED AND ABATED.