2024-11-13T09:50:29-06:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 853008040 FOR THE LONG TERM FORT 2025997540 PO BOX 96503 PMB 65071 WASHINGTON DC 20090 DAVID WALLACK PRESIDENT 2025997540 2024-11-13 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z DAVID WALLACK PO BOX 96503 PMB 65071 WASHINGTON DC 20090 1212425 0 X WWW.FORTHELONGTERM.ORG X 2020 DC SEE PART III, LINE 1. 3 2 6 0 0 0 1498250 1196505 0 15920 0 0 0 0 1498250 1212425 0 0 0 0 229780 654977 96100 96000 160834 189119 323225 514999 1074202 983251 138223 1158846 1258580 47112 8623 1111734 1249957 X FOR THE LONG TERM'S (FTLT) MISSION IS TO HELP STATE, CITY, AND COUNTY PUBLIC TREASURERS LEVERAGE THE POWER OF THEIR ROLES TO DELIVER SUSTAINABLE LONG-TERM GROWTH FOR THE BENEFIT OF THEIR PUBLIC BENEFICIARIES. 0 0 740663 15920 PUBLIC TREASURERS ARE GOVERNMENT OFFICIALS WHO PROVIDE PROFESSIONAL FINANCIAL MANAGEMENT AND ACCOUNTABILITY FOR A VARIETY OF PUBLIC FUNDS.THERE ARE A GROWING NUMBER OF 501(C)(3) ORGANIZATIONS WORKING TO HELP TRAIN AND ENCOURAGE PUBLIC TREASURERS TO LEVERAGE THEIR POWER AS OWNERS, ISSUERS, FIDUCIARIES, AND CUSTOMERS TO INVEST IN WAYS THAT IMPROVE ENVIRONMENTAL AND SOCIAL OUTCOMES FOR THE PUBLIC. HOWEVER, EXISTING 501(C)(3) ORGANIZATIONS HAVE FACED CHALLENGES WORKING WITH THE PUBLIC TREASURERS WHO SERVE AS FIDUCIARIES OF PUBLIC SECTOR INSTITUTIONS AND FUNDS. FIRST, PUBLIC TREASURERS OPERATE WITHIN A BUREAUCRACY AND CANNOT REACT AS QUICKLY AND NEED A MORE PROACTIVE FRAME IN WHICH TO ENGAGE. SECOND, PUBLIC (CONTINUED ON SCHEDULE O)TREASURERS ENTER AND LEAVE THEIR ROLES WITH GREATER FREQUENCY DUE TO RESTRICTIONS SUCH AS TERM LIMITS.PUBLIC TREASURERS ALSO OFTEN ENTER GOVERNMENT WITH A LEARNING CURVE ABOUT THEIR RIGHTS AS AN OWNER AND THEIR RESPONSIBILITIES AS A PUBLIC FIDUCIARY, AND STATE AND LOCAL GOVERNMENTS OFTEN LACK ADEQUATE RESOURCES AND TOOLS NECESSARY TO FULL TRAIN AND ONBOARD THESE TREASURERS. NONPROFIT ORGANIZATIONS HAVE A VITAL ROLE TO PLAY IN HELPING TO EDUCATE PUBLIC TREASURERS, WHICH FREES UP CRITICAL STATE AND LOCAL GOVERNMENTAL RESOURCES FOR CORE GOVERNMENTAL FUNCTIONS. TREASURERS ALSO NEED OUTSIDE GUIDANCE TO HELP THEM LEARN ABOUT THE NONPROFIT SUPPORT THAT IS AVAILABLE TO HELP THEM ACCELERATE THEIR DEVELOPMENT AS OWNERS AND FIDUCIARIES SO THAT THEY MAY ULTIMATELY LEVERAGE THEIR POWER AS OWNERS, ISSUERS, AND FIDUCIARIES TO BEST REPRESENT THE PUBLIC INTEREST.FTLT HAS HAS BEEN FORMED TO FILL THE CRITICAL NEED FOR A 501(C)(3) ORGANIZATION THAT SUPPORTS PUBLIC TREASURERS IN MANAGING THE UNIQUE CHALLENGES THEY FACE IN INTERFACING WITH NONPROFIT ORGANIZATIONS, FOR THE BENEFIT OF THE MEMBERS OF THE PUBLIC WHO BENEFIT FROM THE PUBLIC FUNDS THAT TREASURERS ARE CHARGED WITH OVERSEEING. 740663 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 6 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 CA FL IL MA NJ NY NC OR PA X DAVID WALLACK 2025997540 PO BOX 96503 PMB 65071 WASHINGTON DC 200906503 DAVID WALLACK PRESIDENT / EXECUTIVE DIRECTOR 40.00 X X 226667 0 9526 JANET COWELL TREASURER 4.00 X X 0 0 0 NANCY KOPP DIRECTOR 4.00 X 0 0 0 URIAH KING POLICY DIRECTOR 40.00 X 129000 0 8466 355667 0 17992 2 0 1 0 0 1196505 1196505 REGISTRATION FEES 900099 15920 15920 15920 1212425 15920 0 0 X 236194 118097 70858 47239 361697 332726 17969 11002 14956 13798 719 439 42130 31940 6156 4034 4002 4002 47063 47063 96000 96000 207198 197855 9343 14785 4489 10296 325 228 -206 303 3730 396 2980 354 37129 35808 1321 2440 2440 2768 2768 DUES AND SUBSCRITIONS 1758 1758 PAYROLL PROCESSING FEES 1487 1128 217 142 REGISTRATION AND FILING 540 540 1074202 740663 172705 160834 1158846 1258580 1158846 1258580 47112 8623 47112 8623 X 1111734 1119618 130339 1111734 1249957 1158846 1258580 138223 0 X 0 1 X 1 0 X 225000 1498250 1196505 2919755 225000 1498250 1196505 2919755 2108485 811270 2919755 85920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1212425 0 1212425 0 1212425 1074202 0 1074202 0 1074202 X X 1 THRESHOLD GROUP (FORMERLY TUCKER GREEN & ASSOC) 11 EAST 44TH STREET NEW YORK NY 10017 FUNDRAISING 0 0 96000 -96000 96000 -96000 CA FL IL MA NJ NY NC OR PA X X 0 0 0 0 0 0 0 0 0 DAVID WALLACK PRESIDENT / EXECUTIVE DIRECTOR 226667 0 0 0 0 0 0 0 9526 0 236193 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 SCHEDULES ARE PREPARED BY THE ACCOUNTANT AND ARE REVIEWED WITH THE ORGANIZATION PRESIDENT BEFORE SUBMISSION TO THE TAX PREPARER FOR PREPARATION OF DRAFT 990. THE DRAFT 990 IS THEN REVIEWED AND APPROVED BY THE PRESIDENT AND FILED BY THE TAX PREPARER. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF THEIR TERM, AND ANNUALLY THEREAFTER, EVERY MEMBER, DIRECTOR, OFFICER, EMPLOYEE, AND ANY OTHER INTERESTED PERSON SIGNS A CONFLICT OF INTEREST DISCLOSURE STATEMENT. WHEN A POTENTIAL CONFLICT OF INTEREST IS DISCLOSED, THE BOARD OF DIRECTORS WILL PROVIDE THE INDIVIDUAL WITH AN OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS. THE BOARD WILL COLLECT ALL PERTINENT INFORMATION AND QUESTION THE INVOLVED PARTIES. IF IT TURNS OUT THAT A CONFLICT DOES NOT EXIST, THE INQUIRY WILL BE DOCUMENTED BUT NO FURTHER ACTION WILL BE TAKEN. IF THE BOARD DETERMINES THAT A CONFLICT OF INTEREST EXISTS, THEY WILL TAKE THE APPROPRIATE ACTIONS TO ADDRESS THE CONFLICT. THIS MAY INCLUDE (BUT NOT BE LIMITED TO): (A) PROHIBITING ANY INTERESTED PARTIES FROM VOTING ON ANY MATTER RELATED TO SAID CONFLICT OF INTEREST OR (B) TERMINATING EMPLOYMENT WITH FOR THE LONG TERM. AFFECTED PARTIES BOTH WITHIN AND OUTSIDE OF FOR THE LONG TERM, INCLUDING SHAREHOLDERS, DIRECTORS, EMPLOYEES, AND INDEPENDENT CONTRACTORS, WILL BE NOTIFIED. IF THE CONFLICT OF INTEREST IN QUESTION INVOLVES A MEMBER OF THE BOARD, THAT INDIVIDUAL WILL BE EXCUSED FROM DELIBERATIONS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION BASED ON COMPARABLE DATA OF SIMILAR SIZED ORGANIZATIONS WITHIN THE INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G POLICY CONSULTANTS: PROGRAM SERVICE EXPENSES 20,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,000. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 177,855. MANAGEMENT AND GENERAL EXPENSES 9,343. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 187,198.