2024-11-13T09:44:55-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2023-01-01 541563782 ARGENTUM ARGE 7038941805 2000 DUKE STREET 309 ALEXANDRIA VA 22314 JAMES BALDA PRESIDENT/CEO 7038941805 2024-11-12 1 1 ROBERT WILLIAMS P01345960 5712279500 2024-10-31 2023 2024-10-15 13:58:12Z X JAMES BALDA 2000 DUKE STREET 309 ALEXANDRIA VA 22314 10686698 0 X WWW.ARGENTUM.ORG X 1991 VA ARGENTUM IS DEDICATED TO PROFESSIONALLY OWNED, MANAGED, AND OPERATED ASSISTED SENIOR LIVING COMMUNITIES FOR SENIORS. 34 33 34 34 595480 0 1820470 2808563 5705154 6186862 135787 198989 375332 472814 8036743 9667228 0 0 0 0 4777046 5487606 0 0 0 4432216 5833764 9209262 11321370 -1172519 -1654142 10143837 8082330 5591990 6203535 4551847 1878795 X ARGENTUM IS THE LARGEST NATIONAL ASSOCIATION EXCLUSIVELY DEDICATED TO PROFESSIONALLY OPERATED SENIOR LIVING COMMUNITIES FOR SENIORS. ITS MEMBER-DRIVEN PROGRAMS PROMOTE BUSINESS AND OPERATIONAL EXCELLENCE THROUGH NATIONAL CONFERENCES, RESEARCH, EDUCATIONAL PROGRAMS, PUBLICATIONS AND ADVOCACY. ARGENTUM IS AN ADVOCATE FOR CHOICE, INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE. 0 0 0 0 0 PUBLIC POLICY: ARGENTUM'S PUBLIC POLICY EFFORTS ARE FOCUSED ON ADVOCATING AND SUPPORTING MEANINGFUL LAWS AND REGULATIONS AT THE STATE AND FEDERAL LEVELS. SENIOR LIVING IS REGULATED IN ALL 50 STATES, AS WELL AS IMPACTED BY SOME FEDERAL AGENCIES. ARGENTUM EDUCATES STAKE HOLDERS AND WORKS COLLABORATIVELY ON BEHALF OF THE ALMOST 2,000,000 RESIDENTS LIVING IN SENIOR LIVING. 0 0 0 ADVOCACY: MAGNIFYING OUR INDUSTRY'S VOICE AS WE MEET WITH LAWMAKERS ACROSS THE NATION WHOSE WORK CAN DIRECTLY AFFECT THE SENIOR LIVING INDUSTRY. 0 0 0 HAEP GRANT: DEVELOP AND EXPAND NATIONWIDE APPRENTICESHIPS IN SENIOR LIVING AND RELATED ALLIED HEALTH OCCUPATIONS. 0 0 0 CONFERENCES AND MEETINGS: THE SENIOR LIVING EXECUTIVE CONFERENCE AND EXPO ARE DESIGNED FOR EXECUTIVES IN THE SENIOR LIVING INDUSTRY. THE SESSIONS ADDRESSED CURRENT ISSUES FACING SENIOR LIVING EXECUTIVES AND PROVIDED INNOVATIVE IDEAS TO HELP EXECUTIVES NAVIGATE CHALLENGES. STRATEGIC SESSIONS PROVIDED AN OPPORTUNITY TO EXAMINE A BROAD RANGE OF TOPICS. SESSIONS PROVIDED FOR GREATER PEER-TO-PEER EXCHANGE ON TIMELY AND THOUGHT-PROVOKING TOPICS. 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 23 0 1 34 1 1 1 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X JAMES BALDA 7038941805 2000 DUKE STREET SUITE 309 ALEXANDRIA VA 22314 JAMES BALDA PRESIDENT/CEO 40.00 X X 886170 0 60263 JOEL NELSON CHAIR 1.50 X X 0 0 0 SARABETH HANSON VICE CHAIR 1.50 X X 0 0 0 JUDD HARPER VICE CHAIR 1.50 X X 0 0 0 MERCEDES KERR SECRETARY 1.50 X X 0 0 0 TANA GALL TREASURER 1.50 X X 0 0 0 CHRIS HYATT PUBLIC POLICY COMMITTEE CO-CHAIR 1.50 X X 0 0 0 PAT MULLOY IMMEDIATE PAST CHAIR 1.50 X X 0 0 0 ADAM KAPLAN DIRECTOR 1.00 X 0 0 0 ANGELA BRANDT DIRECTOR - DEPARTED 05/23 1.00 X 0 0 0 BRENDA J BACON DIRECTOR 1.00 X 0 0 0 BRYAN MCCALEB DIRECTOR 1.00 X 0 0 0 CHRIS CUMMINGS DIRECTOR 1.00 X 0 0 0 CINDY BAIER DIRECTOR - DEPARTED 05/23 1.00 X 0 0 0 DAN GUILL DIRECTOR 1.00 X 0 0 0 DOUG DOLLENBERG JR DIRECTOR 1.00 X 0 0 0 JACK CALLISON DIRECTOR 1.00 X 0 0 0 JOE EBY DIRECTOR 1.00 X 0 0 0 JOHN MOORE DIRECTOR 1.00 X 0 0 0 MARY ELLEN PISANELLI DIRECTOR - DEPARTED 05/23 1.00 X 0 0 0 TOM GRAPE DIRECTOR - DEPARTED 05/23 1.00 X 0 0 0 CHARLIE TREFZGER DIRECTOR 1.00 X 0 0 0 LUCINDA BAIER DIRECTOR - DEPARTED 05/23 1.00 X 0 0 0 ARICK MORTON DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 COLLETTE GRAY DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 COREY DENMAN DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 JOHN ATKINSON DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 KATHY FIERY DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 SALLY MICHAEL DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 GUY GELLER DIRECTOR 1.00 X 0 0 0 KAI HSIAO DIRECTOR (EX-OFFICIO) 1.00 X 0 0 0 LAURA LANDWIRTH DIRECTOR 1.00 X 0 0 0 JOHN OLYMPITIS DIRECTOR 1.00 X 0 0 0 SEVY PETRAS DIRECTOR 1.00 X 0 0 0 JUSTIN SKIVER DIRECTOR 1.00 X 0 0 0 GARY SMITH DIRECTOR 1.00 X 0 0 0 ZETA SMITH DIRECTOR 1.00 X 0 0 0 DORIS ELLIE SULLIVAN DIRECTOR 1.00 X 0 0 0 CHAD WHITE DIRECTOR 1.00 X 0 0 0 REGINA MAMONE CHIEF FINANCIAL OFFICER 40.00 X 220702 0 29468 MARGARET ELEHWANY SENIOR VICE PRESIDENT, PUBLIC AFFAIRS 40.00 X 277736 0 51466 RONALD WILLIAMS SENIOR VP OF BUSINESS OPERATIONS 40.00 X 242308 0 42770 PAUL WILLIAMS VICE PRESIDENT, GOVERNMENT RELATIONS 40.00 X 223208 0 13483 CYNTHIA BADE VP, DEVELOPMENT 40.00 X 148102 0 32875 ASHANTE ABUBAKAR VP, WORKFORCE DEVELOPMENT 40.00 X 143219 0 5943 DIANA MARTINEZ PRESIDENT/CEO OF TALA 40.00 X 136473 0 31581 OLIVIA WILSON SR. DIRECTOR, HUMAN RESOURCES & DEIB 40.00 X 119733 0 27125 SAARA DILLARD GRANTS MANAGER 40.00 X 119280 0 8139 2516931 0 303113 16 0 1 0 0 1923803 884760 2808563 MEMBERSHIP DUES 900099 4353015 4353015 CONFERENCE & MEETINGS 900099 1314928 1314928 PUBLICATIONS 541800 316867 91270 225597 CREDENTIALING FEES 900099 106335 106335 PUBLIC POLICY 900099 70483 70483 25234 25234 6186862 119849 119849 37588 37588 1098610 1019470 79140 79140 79140 WEB ADVERTISING 900099 369883 369883 WEBINARS/TOOLKITS 900099 43155 43155 EXECUTIVE ROUNDTABLES 900099 20000 20000 2188 2188 435226 9667228 5961265 595480 301920 X 2047573 2660946 136656 375562 266869 69720 89187 492500 103650 1278667 35335 1030949 449373 74093 1070945 69301 39045 DIGITAL PRODUCTION 386331 STATE CHAPTER EXPENSES 202212 QUALITY WORKFORCE 75953 TRAINING 39363 327140 11321370 817173 711542 416968 398048 1251552 749157 107241 100099 464381 324838 80277 139543 4414623 4651695 3056003 1332246 10143837 8082330 650579 897594 1066609 1179856 500000 3874802 3626085 5591990 6203535 X 4551847 1878795 4551847 1878795 10143837 8082330 X -1654142 365999 -1384909 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ARGENTUM SILVER PAC 1650 KING STREET SUITE 602 ALEXANDRIA VA 22314 831703038 0 0 1 4353015 492500 -39371 453129 522362 -69233 PART I-A, LINE 1: ARGENTUM ITSELF DOES NOT ENDORSE CANDIDATES FOR PUBLIC OFFICE, NOR DOES IT EXPLICITLY ADVOCATE FOR THE ELECTION OR DEFEAT OF PARTICULAR CANDIDATES. ARGENTUM RECEIVES FUNDS EARMARKED FOR ARGENTUM SILVER POLITICAL ACTION COMMITTEE EITHER ON THE SILVER PAC PORTAL OR ANY CASH/CHECK DONATIONS DELIVERED TO THE OFFICE ARE DEPOSITED INTO THE SILVER PAC ACCOUNT. 44013 21422 22591 420368 303416 116952 139543 SECURITY DEPOSITS 25535 RIGHT OF USE ASSETS 1306711 1332246 DEFERRED COMPENSATION 217583 LEASE LIABILITY 3408502 3626085 X PART X, LINE 2: ARGENTUM EVALUATED ITS UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. U.S. FEDERAL JURISDICTION AND/OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH ARGENTUM FILES TAX RETURNS ARE OPEN FOR EXAMINATION; HOWEVER, THERE ARE CURRENTLY NO EXAMINATIONS PENDING OR IN PROGRESS. IT IS ARGENTUM'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAINTY IN INCOME TAXES, IF ANY, IN INCOME TAX OR INTEREST EXPENSE. AS OF DECEMBER 31, 2023 AND 2022, ARGENTUM HAD NO ACCRUALS FOR INTEREST AND/OR PENALTIES. X X X X 0 0 0 JAMES BALDA PRESIDENT/CEO 605170 0 281000 0 0 0 18762 0 41501 0 946433 0 0 0 MARGARET ELEHWANY SENIOR VICE PRESIDENT, PUBLIC AFFAIR 267736 0 10000 0 0 0 17235 0 34231 0 329202 0 0 0 RONALD WILLIAMS SENIOR VP OF BUSINESS OPERATIONS 232308 0 10000 0 0 0 13833 0 28937 0 285078 0 0 0 REGINA MAMONE CHIEF FINANCIAL OFFICER 210702 0 10000 0 0 0 12962 0 16506 0 250170 0 0 0 PAUL WILLIAMS VICE PRESIDENT, GOVERNMENT RELATIONS 215708 0 7500 0 0 0 13483 0 0 0 236691 0 0 0 CYNTHIA BADE VP, DEVELOPMENT 148102 0 0 0 0 0 9029 0 23846 0 180977 0 0 0 DIANA MARTINEZ PRESIDENT/CEO OF TALA 129973 0 6500 0 0 0 8725 0 22856 0 168054 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FEDERAL FORM 990 IS PROVIDED BY THE ACCOUNTING FIRM AND IS REVIEWED BY THE PRESIDENT/CEO AND CHIEF FINANCIAL OFFICER PRIOR TO THE FILING OF THE 990 WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C IT IS THE POLICY OF ARGENTUM TO ASSURE THAT CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST INVOLVING DIRECTORS AND OFFICERS OF ARGENTUM ARE FULLY DISCLOSED IF THE OCCASION SHOULD ARISE. EACH DIRECTOR AND EACH OFFICER MUST PROMPTLY REPORT TO THE BOARD CHAIR AND THE PRESIDENT/CEO ANY SITUATION WHICH MIGHT CREATE A CONFLICT OF INTEREST. IN ADDITION, EACH DIRECTOR MUST EXECUTE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AT LEAST ANNUALLY. PROCEDURES: 1. THE MATERIAL FACTS OF ANY MATTER MAY RESULT IN A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF A DIRECTOR OR OFFICER MUST BE DISCLOSED BY THE DIRECTOR OR OFFICER TO THE BOARD CHAIR AND THE PRESIDENT/CEO OF ARGENTUM, EITHER THROUGH THE ANNUAL DISCLOSURE STATEMENT OR WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION. 2. THE BOARD OF DIRECTORS SHALL CAREFULLY SCRUTINIZE AND IN GOOD FAITH APPROVE OR DISAPPROVE ANY TRANSACTION IN WHICH ARGENTUM IS A PARTY AND IN WHICH ONE OR MORE OF ARGENTUM'S DIRECTORS OR OFFICERS HAS A MATERIAL FINANCIAL INTEREST. ANY INDIVIDUAL HAVING A CONFLICT OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON ANY MATTER SHOULD NOT VOTE NOR USE PERSONAL INFLUENCE ON THE MATTER. THE MINUTES OF THE MEETING SHOULD REFLECT THAT A DISCLOSURE WAS MADE AND THAT THE DIRECTOR ABSTAINED FROM VOTING. THE BOARD OF DIRECTORS MUST APPROVE THE TRANSACTION BY A MAJORITY VOTE, WITHOUT COUNTING THE VOTE OF ANY DIRECTOR WHO HAS AN INTEREST IN THE TRANSACTION. 3. THE FOREGOING REQUIREMENT SHOULD NOT BE CONSTRUED AS TO PREVENT AN INDIVIDUAL FROM BRIEFLY STATING HIS OR HER POSITION IN THE MATTER, NOR FROM ANSWERING PERTINENT QUESTIONS FROM BOARD MEMBERS, AS HIS OR HER KNOWLEDGE MAY BE OF GREAT IMPORTANCE. 4. ARGENTUM SHALL NOT ENGAGE IN ANY TRANSACTION WITH ANOTHER ENTITY WHICH HAS ONE OR MORE DIRECTORS OR OFFICERS IN COMMON WITH ARGENTUM, UNLESS AFTER THE COMMON DIRECTOR OR OFFICER DISCLOSES THE MATERIAL FACTS OF THE TRANSACTIONS AND THE DETAILS OF HIS OR HER AFFILIATION WITH THE OTHER ENTITY. ARGENTUM'S BOARD OF DIRECTORS APPROVES THE TRANSACTION IN GOOD FAITH BY A MAJORITY VOTE WITHOUT COUNTING THE VOTE OF THE COMMON DIRECTOR. 5. ARGENTUM SHALL MAKE NO LOANS OF MONEY OR PROPERTY TO A DIRECTOR OR OFFICER, NOR SHALL ARGENTUM GUARANTEE ANY OBLIGATION OF A DIRECTOR OR OFFICER, EXCEPT AS OTHERWISE EXPRESSLY PERMITTED BY THE VIRGINIA NONSTOCK CORPORATION ACT. 6. IF THERE IS A DIFFERENCE OF OPINION BETWEEN THE BOARD CHAIR, PRESIDENT/CEO AND A DIRECTOR OR OFFICER AS TO WHETHER THE FACTS OF A GIVEN CIRCUMSTANCE CONSTITUTE A POTENTIAL CONFLICT OF INTEREST WITHIN THE MEANING OF THIS POLICY STATEMENT, THE MATTER SHALL BE SUBMITTED TO THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS, WHO SHALL MAKE A FINAL DETERMINATION WHETHER A POTENTIAL CONFLICT OF INTEREST SITUATION EXISTS OR NOT. 7. ANNUALLY THE PRESIDENT/CEO AND BOARD CHAIR SHALL SEND TO ALL MEMBERS OF THE BOARD OF DIRECTORS AND TO ALL OFFICERS OF ARGENTUM A COPY OF THIS POLICY AND A CONFLICT OF INTEREST DISCLOSURE STATEMENT TO BE COMPLETED AND RETURNED. 8. THE PRESIDENT/CEO AND BOARD CHAIR OF ARGENTUM, OR HIS OR HER DESIGNEE, SHALL REVIEW EACH COMPLETED DISCLOSURE STATEMENT; SHALL MAKE SUCH FURTHER INVESTIGATION OF POSSIBLE CONFLICTS OF INTEREST AS HE OR SHE MAY DEEM APPROPRIATE; AND SHALL DETERMINE WHETHER THE INFORMATION PRESENTED ON THE DISCLOSURE STATEMENT CONSTITUTES A CONFLICT OF INTEREST. THE PRESIDENT/CEO OR BOARD CHAIR, OR HIS OR HER DESIGNEE SHALL THEN MAKE AN APPROPRIATE REPORT TO THE BOARD OF DIRECTORS CONCERNING SUCH REVIEW AND INVESTIGATION. 9. ANY PARTY WHO HAS FILED A DISCLOSURE STATEMENT AND WHO DISAGREES WITH THE DETERMINATION OF THE PRESIDENT/CEO AND BOARD CHAIR, OR HIS OR HER DESIGNEE, THAT THE MATTERS CONTAINED THEREIN DO CONSTITUTE A CONFLICT OF INTEREST, AND WHO DESIRES FURTHER REVIEW OF THE MATTER MAY REQUEST THAT THE MATTER BE SUBMITTED BY THE BOARD CHAIR TO THE EXECUTIVE COMMITTEE FOR FURTHER REVIEW AND FINAL DETERMINATION. THE BOARD CHAIR SHALL SUBMIT THE MATTER TO THE EXECUTIVE COMMITTEE ACCORDINGLY. ARGENTUM EXPECTS ALL STAFF WORKING ON BEHALF OF ARGENTUM AND ITS MEMBERSHIP TO UPHOLD CERTAIN ETHICAL STANDARDS RELATED TO EMPLOYMENT WITH ARGENTUM AND TO AVOID SITUATIONS OR DEALINGS THAT REPRESENT OR APPEAR TO REPRESENT A CONFLICT OF INTEREST. STAFF MEMBERS MAY HAVE OUTSIDE BUSINESS INTERESTS AND OUTSIDE EMPLOYMENT SO LONG AS THESE DO NOT INTERFERE WITH JOB PERFORMANCE. STAFF MEMBERS MAY NOT BENEFIT FINANCIALLY FROM OUTSIDE EMPLOYMENT OR BUSINESS INTERESTS THAT DIRECTLY RESULT FROM AN AFFILIATION FROM ARGENTUM. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ADOPTS AN ANNUAL PROGRAM PLAN AND BUDGET EACH YEAR, WHICH INCLUDES MEASURABLE GOALS FOR THE PRESIDENT/CEO. AT YEAR END, THE EXECUTIVE COMMITTEE MEETS TO REVIEW THE ATTAINED GOALS AND DETERMINE THE PRESIDENT/CEO'S COMPENSATION. ALONG WITH THE YEAR-END REVIEW, THE COMMITTEE ALSO DOES A COMPENSATION COMPARISON EVERY FEW YEARS USING SUCH RESOURCES AS THE ASAE COMPENSATION STUDY FOR OTHER PRESIDENT/CEO'S IN ASSOCIATIONS OF COMPARABLE SIZE AND LOCATION. NO BOARD MEMBER RECEIVES COMPENSATION. THE REVIEW OF PRESIDENT/CEO COMPENSATION IS COMPLETED ON AN ANNUAL BASIS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 ARGENTUM MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES 1,105,063. PUBLIC RELATIONS 173,604. FORM 990, PART XI, LINE 9: IMPAIRMENT LOSS ON RIGHT-OF-USE ASSET -1,384,909. ARGENTUM SILVER PAC 2000 DUKE STREET SUITE 309 ALEXANDRIA VA 22314 831703038 POLITICAL ORGANIZATION VA 527 ARGENTUM 1 ARGENTUM NEW YORK PAC C/O HODES LANDY 284 STATE STREET ALBANY NY 12210 141783808 POLITICAL ORGANIZATION NY 527 ARGENTUM 1 ARGENTUM FOUNDATION 2000 DUKE STREET SUITE 309 ALEXANDRIA VA 22314 842108485 RESEARCH, EDUCATION, COMMUNITY ENGAGEMENT VA 501(C)(3) LINE 7 ARGENTUM 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0