2024-06-03T09:10:53-05:00 2023-09-30 440160260 FORVIS LLP 1410 SPRING HILL ROAD SUITE 500 TYSONS VA 221023056 990 2022-10-01 520892064 UNIVERSITIES SPACE RESEARCH ASSOCIATION UNIV 4107302656 425 3RD STREET SW 950 WASHINGTON DC 20024 TODD BIDWELL CFO 4107302656 2024-04-17 1 TODD BIDWELL 999009999 1 AMY BIBBY P00445891 7039700400 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFREY ISAACSON 425 3RD STREET SW SUITE 950 WASHINGTON DC 20024 85358379 0 X WWW.USRA.EDU X 1969 DC ADVANCE THE SPACE AND AERONAUTICS RELATED SCIENCES AND EXPLORATION THROUGH INNOVATIVE RESEARCH, TECHNOLOGY, AND EDUCATION 15 14 428 0 0 0 110543728 76702267 616923 706107 121000 -7864144 9393 20210 111291044 69564440 24572556 7828250 0 0 55795862 42161995 0 0 0 30288038 27414530 110656456 77404775 634588 -7840335 61609902 47481085 23716609 17085308 37893293 30395777 X TO PROVIDE A COLLABORATIVE MEMBERSHIP ORGANIZATION WHERE UNIVERSITIES AND OTHER RESEARCH ORGANIZATIONS MAY COOPERATE EFFECTIVELY WITH EACH OTHER, WITH THE UNITED STATES GOVERNMENT, AND OTHER ENTITIES TO DEVELOP KNOWLEDGE ASSOCIATED WITH SPACE SCIENCE AND TECHNOLOGY 0 0 19846868 861976 NASA ACADEMIC MISSION SERVICES (NAMS) CONTRACT TO DELIVER NEW CONCEPTS, TOOLS AND TECHNOLOGIES RELATED TO AERONAUTICS, SCIENCE AND AEROFLIGHTDYNAMICS. THIS FIVE-YEAR AGREEMENT FOR A $193 MILLION AWARD LAUNCHES AN INTEGRATED MULTI-YEAR RESEARCH EFFORT TO BE CONDUCTED AT NASA'S AMES RESEARCH CENTER, WHICH RANGES FROM FUNDAMENTAL RESEARCH AND DEVELOPMENT THROUGH FIELD TEST DEPLOYMENTS AND OPERATIONAL SCIENCE MISSIONS. 14733506 6386 THE STRATOSPHERIC OBSERVATORY FOR INFRARED ASTRONOMY (SOFIA) IS AN AIRBORNE OBSERVATORY THAT STUDIES THE UNIVERSE IN THE INFRARED SPECTRUM. BESIDES THIS CONTRIBUTION TO SCIENCE PROGRESS, SOFIA IS A MAJOR FACTOR IN THE DEVELOPMENT OF OBSERVATIONAL TECHNIQUES, OF NEW INSTRUMENTATIONS, AND IN THE EDUCATION OF YOUNG SCIENTISTS AND TEACHERS IN THE DISCIPLINE OF INFRARED ASTRONOMY. SOFIA FLIES INTO THE STRATOSPHERE, OPENS THE TELESCOPE CAVITY DOOR, AND POINTS ITS TELESCOPE AT THE HEAVENS MOST NIGHTS A WEEK IN THIS DECADE AND THE NEXT. 11907015 379378 LUNAR & PLANETARY INSTITUTE (LPI) SUPPORTS NASA'S RESEARCH IN LUNAR, PLANETARY, AND RELATED SCIENTIFIC FIELDS. THE INSTITUTE IS A CENTER FOR LUNAR AND PLANETARY SCIENCE, CONDUCTING RESEARCH STUDIES ON THE FORMATION, EVOLUTION, AND CURRENT STATE OF THE MOON, PLANETS, COMETS, ASTEROIDS, PLANETARY SATELLITES, COSMIC DUST, AND OUR SOLAR SYSTEM AS A WHOLE THROUGH ANALYSIS OF DATA AND SAMPLES OBTAINED THROUGH NASA'S LONG HISTORY OF MISSIONS AND EXPLORATION, SERVICE TO NASA AND THE PLANETARY SCIENCE COMMUNITY. THE INSTITUTE COORDINATES SCIENTIFIC MEETINGS ON LUNAR AND PLANETARY TOPICS, AND DISSEMINATES SCIENTIFIC INFORMATION THROUGH TECHNICAL JOURNALS AND CONFERENCES, INCLUDING AN ABSTRACT DATABASE OF MORE THAN 25,000 PRESENTATIONS MADE BY SCIENTISTS ATLPI-SPONSORED MEETINGS. THE INSTITUTE ALSO CURATES AN EXTENSIVE COLLECTION OF LUNAR AND PLANETARY DATA THAT IS ACCESSIBLE ONLINE. 16965404 6580510 706107 THE AIR FORCE RESEARCH LABORATORY (AFRL) FUTURE SCHOLARS STEM OFFERS STIPEND-PAID INTERNSHIP OPPORTUNITIES FOR UNDERGRADUATE AND GRADUATE-LEVEL UNIVERSITY STUDENTS PURSUING STEM DEGREE, AS WELL AS UPPER-LEVEL HIGH SCHOOL STUDENTS; SELECT LOCATIONS ALSO OFFER INTERNSHIPS TO UNVERSITY STUDENTS PERSUING EDUCATION-RELATED DEGREES AND K-12 PROFESSIONAL EDUCATORS. THE SELECTED INTERNS GAIN VALUABLE HANDS-ON EXPERIENCE WORKING IWTH FULL-TIME AFRL SCIENTISTS AND ENGINEERS ON CUTTING-EDGE RESEARCH AND TECHNOLOGY AND ARE ABLE TO CONTRIBUTE TO UNIQUE, RESEARCH-BASED PROJECTS. GRADUATE INTERNS ARE ABLE TO COLLABORATE WITH AFRL ON CURRENT RESEARCH AND INCORPORATE THE RESEARCH INTO THEIR GRADUATE WORK.SCIENCE AND TECHNOLOGY INSTITUTE (STI) IN HUNTSVILLE, AL EMPLOYES A DEDICATED WORKFORCE OF APPROXIMATELY 30 SCIENTISTS, ENGINEERS, POSTDOCS, AND INTERNS IN RESEARCH AREAS OF ASTROPHYSICS, EARTH SCIENCES, AND HELIOPHYSICS. STI OPERATIONS ARE CO-LOCATED WITH THE NASA MARSHALL SPACE FLIGHT CENTER (MSFC) SCIENCE RESEARCH OFFICE IN THE NATIONAL SPACIE SCIENCE AND TECHNOLOGY CENTER (NSSTC) LOCATED AT THE UNIVERSITY OF ALABAMA IN HUNTSVILLE.RESEARCH INSTITUTE FOR ADVANCED COMPUTER SCIENCE (RIACS): THE RIACS IS FOCUSED ON DEVELOPING THE NEXT GENERATION ENABLING TECHNOLOGIES THAT WILL FACILITATE BOTH HUMAN AND ROBOTIC SPACE EXPLORATION. SINCE ITS INCEPTION IN 1983, THE INSTITUTE HAS CONDUCTED BASIC AND APPLIED COMPUTER SCIENCE RESEARCH ACROSS A VARIETY OF AEROSPACE-RELATED DISCIPLINES, INCLUDING SUPERCOMPUTING, COMPUTATIONAL FLUID DYNAMICS, COMPUTATIONAL CHEMISTRY, HIGH-PERFORMANCE NETWORKING, AND ARTIFICIAL INTELLIGENCE.THE LOW-GRAVITY SCIENCE PROGRAM AT NASA'S GLENN RESEARCH CENTER CONTINUES TO ACHIEVE MISSION SUCCESS ON NUMEROUS FLIGHT EXPERIMENTS ON THE INTERNATIONAL SPACE STATION (ISS) AND OTHER SUBORBITAL PLATFORMS WHILE ALSO SUPPORTING GROUND-BASED R&D THAT IS OFTEN THE PRECURSOR OF FUTURE ISS FLIGHT EXPERIMENTS.EDUCATION PROGRAMS (EAP & EPO): THE EDUCATION PROGRAM'S OFFICE PRIMARILY SUPPORTS NASA'S EFFORTS TO EXPAND EDUCATIONAL OPPORTUNITIES FOR STUDENTS IN AEROSPACE ENGINEERING AND THE SPACE SCIENCES, AS WELL AS ENCOURAGING YOUNG STUDENTS TO STAY IN SCHOOL AND PURSUE CAREERS IN SCIENCE, ENGINEERING, AND BUSINESS.THE EARTH FROM SPACE INSTITUTE (EFSI) IS DEDICATED TO BUILDING THE SCIENCE THAT RESPONDS TO URGENT SUSTAINABLE DEVELOPMENT CHALLENGES ACROSS CLIMATE, DISASTERS, AND ENERGY SYSTEMS. CENTER FOR SPACE NUCLEAR RESEARCH (CSNR): THE CSNR IS OPERATED BY USRA IN COLLABORATION WITH THE IDAHO NATIONAL LABORATORY TO FOSTER COLLABORATION WITH DEPARTMENT OF ENERGY, NASA, DEPARTMENT OF DEFENSE, UNIVERSITY AND INDUSTRY SCIENTISTS AND PROGRAMS. CSNR SCIENTISTS AND ENGINEERS RESEARCH AND DEVELOP ADVANCED SPACE NUCLEAR SYSTEMS, INCLUDING POWER AND ENERGY TRANSMISSION SYSTEMS, NUCLEAR THERMAL PROPULSION, AND RADIOISOTOPIC GENERATORS.GESTAR STANDS FOR GODDARD EARTH SCIENCES TECHNOLOGY AND RESEARCH. ITS SCOPE CUTS ACROSS EARTH SCIENCE DISCIPLINES AND INCLUDES ATMOSPHERIC STUDIES, HYDROLOGY, OCEAN AND CLIMATE RESEARCH. TO FACILITATE EXPERIMENTAL, ANALYTICAL AND THEORETICAL RESEARCH IN SUPPORT OF NASA'S STRATEGIC EARTH AND SPACE SCIENCE OBJECTIVES.NASA POSTDOCTORAL PROGRAM (NPP), A PRESTIGIOUS, NATIONAL-LEVEL EFFORT SUPPORTING ALL NASA MISSION DIRECTORATES AND CENTERS. NPP AWARDS FELLOWSHIPS TO HIGHLY QUALIFIED POSTDOCTORAL SCIENTISTS AND ENGINEERS, ENABLING THEM TO CONDUCT RESEARCH AND PARTICIPATE IN NASA MISSION ACTIVITIES AT VARIOUS LOCATIONS. THE NPP IS A VITAL MEANS BY WHICH NASA IDENTIFIES AND ENGAGES TALENTED EARLY-CAREER SCIENTISTS. IT ALSO PROVIDES AN IMPORTANT PIPELINE FOR DEVELOPING THE NASA WORKFORCE NEEDED FOR FUTURE CHALLENGES. DR. JEFFREY A. ISAACSON, USRA PRESIDENT AND CEO, COMMENTED, "ACHIEVING NASA'S GOALS FOR THE NPP REQUIRES AN ORGANIZATION WITH LONGSTANDING NASA RELATIONSHIPS, INSIGHT INTO RESEARCH PROJECTS AS THEY RELATE TO NASA'S MISSIONS AND LONG-TERM OBJECTIVES, AND STRONG CONNECTIONS TO THE UNIVERSITY RESEARCH COMMUNITY.USRA IS IDEALLY SUITED FOR THIS IMPORTANT CHARGE." 16965404 6580510 706107 63452793 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2218 0 1 428 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 CA DC MD VA X X DAVID MEYERS 4107302656 425 3RD STREET SW 950 WASHINGTON DC 20024 GENERAL LESTER LYLES BOARD CHAIR 3.00 X X 30700 0 0 DR KATHLEEN C HOWELL TRUSTEE 3.00 X 20050 0 0 DR JOHN A MONTGOMERY TRUSTEE 3.00 X 55100 0 0 MAJ GEN WILLIAM N MCCASLAND TRUSTEE 3.00 X 1300 0 0 DR TRUELL HYDE TRUSTEE 3.00 X 21000 0 0 DR BRIAN GILCHRIST TRUSTEE 3.00 X 45200 0 0 DR DANIEL E HASTINGS TRUSTEE 3.00 X 25400 0 0 DR ELIZABETH A LADA TRUSTEE 3.00 X 24150 0 0 DR RICHARD AMBROSI TRUSTEE 3.00 X 0 0 0 DR BERRIEN MOORE III TRUSTEE 3.00 X 51800 0 0 DR SEAN C SOLOMON TRUSTEE 3.00 X 0 0 0 DR ROBERT MCCOY TRUSTEE 3.00 X 30950 0 0 DR WAYNE A SCALES TRUSTEE 3.00 X 29700 0 0 DR JOAN RAMAGE MACDONALD TRUSTEE 3.00 X 4850 0 0 MS KIM WILLIAMS TRUSTEE 3.00 X 34200 0 0 DR ALFRED KRABBE TRUSTEE - UNTIL 4/2023 3.00 X 0 0 0 MR LOUIS J LANZEROTTI TRUSTEE - UNTIL 4/2023 3.00 X 27400 0 0 JEFFREY ISAACSON PRESIDENT AND CEO 40.00 X X 744452 0 152496 TODD BIDWELL VP,FINANCE AND ADMIN,CFO 40.00 X 87237 0 12334 LISA GADDIS DIRECTOR, LPI 40.00 X 269238 0 23571 JOAN SCHMELZ DIRECTOR, STI (UNTIL 11/15/22) THEN PRINC SCIENTIS 40.00 X 252093 0 29317 DAVID BELL DIRECTOR, NAMS & RIACS 40.00 X 348143 0 28423 RICHARD VERBUS DIRECTOR, LOW GRAVITY SCIENCES 40.00 X 168952 0 23072 MARGARET MEIXNER DIRECTOR, SOFIA 40.00 X 318754 0 36353 WILLIAM T REACH DIRECTOR, SOFIA 40.00 X 277168 0 49468 ERIC WEAVER VP, HUMAN RESOURCES 40.00 X 327069 0 24767 BERNARD SEERY VP, SCIENCE AND TECHNOLOGY 40.00 X 386626 0 29112 CAROL L KORY VP, PROGRAM DEV & UNIV ENGAGE 40.00 X 296558 0 19205 DENNIS FEERICK VP, STRATEGY AND PROGRAM DEV 40.00 X 294089 0 26077 ROCHELLE FORD VP, CORP AFFAIRS AND COMM 40.00 X 283472 0 26702 MARY JEAN GREENWELL FORMER VP,FINANCE AND ADMIN,CFO 40.00 X 120788 0 12082 4576439 0 492979 187 1 1 0 SQUIRE PATTON BOGGS LLP PO BOX 643051 CINCINNATI OH 45264 LEGAL SERVICES 1552820 WILLIAMSON LAW GROUP LLC 10024 PEBBLE BEACH TER IJAMSVILLE MD 21754 LEGAL SERVICES 334062 CORDIA PARTNERS LLC 8330 BOONE BLVD STE 350 VIENNA VA 22182 ACCOUNTING SERVICES 295975 BJD SERVICES LLC 18565 SOLEDAD CANYON ROAD 314 CANYON COUNTRY CA 91351 SCIENTIFIC SUPPORT SERVICES 247161 DATABANK HOLDINGS LTD PO BOX 732200 DALLAS TX 75202 IT SERVICES 208925 8 1200 76698067 3000 76702267 COMMERCIAL CONTRACT RE 541700 683297 683297 OTHER CONTRACT REVENUE 541700 22810 22810 706107 119284 119284 10512 7799999 0 15793939 10512 -7993940 -7983428 -7983428 OTHER INCOME 900099 20210 20210 20210 69564440 706107 0 -7843934 X 7828250 7828250 4624101 3851590 772511 30359045 25287203 5071842 1833688 1677696 155992 2797532 2505629 291903 2547629 2330902 216727 826228 826228 26979 26979 20283 20283 18080364 15887442 2192922 694178 70955 623223 1206748 112191 1094557 733584 733584 1582483 1102314 480169 1426407 1294609 131798 166094 166094 342550 342550 343081 28906 314175 OTHER DIRECT COSTS 1215742 1215742 0 EQUIPMENT 322537 78853 243684 MISCELLANEOUS EXPENSES 246761 246761 RESEARCH EXPENSE 107615 107615 0 72896 72896 77404775 63452793 13951982 0 7379984 10357831 29276682 25407014 600930 289510 8067651 6524574 17667253 1543077 6522726 7287686 162327 2595967 61609902 47481085 12912901 11808460 1062669 1466502 8733258 0 239373 0 768408 3810346 23716609 17085308 X 37320305 29751207 572988 644570 37893293 30395777 61609902 47481085 X -7840335 282655 60164 X X 0 1 X 1 1 1 X 157400219 150544086 147066460 110543728 76702267 642256760 157400219 150544086 147066460 110543728 76702267 642256760 642256760 171140 125618 102522 89106 119284 607670 32988 27110 9671 9393 20210 99372 642963802 0.99890 0.99920 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6544 6544 77398231 77404775 1000000 250000 0 0 1000000 1000000 1000000 1000000 4000000 6000000 23593 7990 53382 6544 91509 250000 250000 250000 250000 1000000 1500000 300000 300000 300000 300000 300000 300000 300000 300000 300000 300000 0.00000 0.00000 1.00000 0 0 1103311 1103311 4179293 4179293 0 343235 57012 286223 2441812 2288269 153543 1543077 OPERATING LEASE RIGHT OF USE ASSET, NET 2595967 2595967 DEFERRED COMP PLAN LIABILITY 924899 OPERATING LEASE LIABILITY 2885447 3810346 X 69886976 282655 60164 342819 69544157 20283 20283 69564440 77384492 0 77384492 20283 20283 77404775 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT SHALL BE USED FOR THE BENEFIT OF THE STUDENTS AND EARLY CAREER LUNAR SCIENTISTS. FUNDS DISTRIBUTED FROM THE ENDOWMENT SHALL BE USED TO SUPPORT TRAVEL FOR STUDENTS AND EARLY CAREER SCIENTISTS TO PARTICIPATE IN LUNAR SCIENCE CONFERENCES AND WORKSHOPS, NOTABLY THOSE UNDER THE AUSPICES OF THE LUNAR EXPLORATION ANALYSIS GROUP. PART X, LINE 2: THE ORGANIZATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022 SINCE THE ORGANIZATION HAD NO TAXABLE INCOME FROM UNRELATED BUSINESS ACTIVITIES. THE ORGANIZATION HAS DETERMINED THAT THERE ARE NO MATERIAL UNRECOGNIZED TAX BENEFITS OR OBLIGATIONS AS OF SEPTEMBER 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP 60,164. CENTRAL AMERICA AND THE CARRIBEAN 0 1 PROGRAM SERVICES SCIENTIFIC RESEARCH 2264 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 4 PROGRAM SERVICES SCIENTIFIC RESEARCH 27331 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 24 PROGRAM SERVICES SCIENTIFIC RESEARCH 98002 NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 8 PROGRAM SERVICES SCIENTIFIC RESEARCH 19174 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 0 3 PROGRAM SERVICES SCIENTIFIC RESEARCH 11451 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES SCIENTIFIC RESEARCH 1435 0 41 0 0 0 41 159657 0 159657 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 STIPENDS AND SCHOLARSHIPS FOR PROGRAM ACTIVITIES 1092 7828250 PART I, LINE 2 THE ASSOCIATION DISTRIBUTES SCHOLARSHIPS AND AWARDS TO STUDENTS WHO MEET THE CRITERIA SET OUT IN THE PROGRAM. THERE IS NO ADDITIONAL MONITORING REQUIRED. X X 1 1 X X X X X X 0 1 0 1 0 0 0 0 0 JEFFREY ISAACSON PRESIDENT AND CEO 459570 0 284882 0 0 0 129118 0 23378 0 896948 0 0 0 BERNARD SEERY VP, SCIENCE AND TECHNOLOGY 291121 0 91397 0 4108 0 29112 0 0 0 415738 0 0 0 DAVID BELL DIRECTOR, NAMS & RIACS 290008 0 55813 0 2322 0 28423 0 0 0 376566 0 0 0 MARGARET MEIXNER DIRECTOR, SOFIA 287855 0 30899 0 0 0 28454 0 7899 0 355107 0 0 0 ERIC WEAVER VP, HUMAN RESOURCES 247666 0 76577 0 2826 0 24767 0 0 0 351836 0 0 0 WILLIAM T REACH DIRECTOR, SOFIA 252189 0 24979 0 0 0 26090 0 23378 0 326636 0 0 0 DENNIS FEERICK VP, STRATEGY AND PROGRAM DEV 260770 0 31391 0 1928 0 26077 0 0 0 320166 0 0 0 CAROL L KORY VP, PROGRAM DEV & UNIV ENGAGE 270716 0 24901 0 941 0 19205 0 0 0 315763 0 0 0 ROCHELLE FORD VP, CORP AFFAIRS AND COMM 243979 0 39493 0 0 0 24780 0 1922 0 310174 0 0 0 LISA GADDIS DIRECTOR, LPI 242050 0 20574 0 6614 0 23571 0 0 0 292809 0 0 0 JOAN SCHMELZ DIRECTOR, STI (UNTIL 11/15/22) THEN 211127 0 40966 0 0 0 12808 0 16509 0 281410 0 0 0 RICHARD VERBUS DIRECTOR, LOW GRAVITY SCIENCES 163925 0 5027 0 0 0 15823 0 7249 0 192024 0 0 0 MARY JEAN GREENWELL FORMER VP,FINANCE AND ADMIN,CFO 84590 0 0 0 36198 0 8459 0 3623 0 132870 0 0 0 PART I, LINE 1A USRA OFFERS UP TO $250/YEAR REIMBURSEMENT FOR HEALTH BENEFITS EXPENSES (SHOES, GYM MEMBERSHIP, ETC). THESE REIMBURSEMENTS ARE INCLUDED IN TAXABLE COMPENSATION ON THE INDIVIDUAL W-2. USRA ALLOWS FIRST CLASS TRAVEL FOR THE CEO. PART I, LINE 3 ANNUALLY, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS MARKET SALARY RATES, EMPLOYEE PERFORMANCE AND RECOMMENDS APPROVAL OF ANY MERIT INCREASE, NON-BASE INCENTIVE PAYMENT, OR CHANGE IN BENEFITS FOR THE CHIEF EXECUTIVE OFFICER TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ALSO PROVIDES FOR ANNUAL REVIEW AND VOTE TO APPROVE ALL MERIT INCREASES, WITH SPECIFIC REVIEW OF ANY OFFICER COMPENSATION CHANGES. THE EXECUTIVE COMMITTEE VOTES ON ANY RECOMMENDED INCREASE. THE COMPENSATION COMMITTEE ALSO VOTES ON RECOMMENDED MERIT COMPENSATION CHANGES FOR ALL EMPLOYEES. FOR EMPLOYEES REPORTING DIRECTLY TO THE CEO, THE COMPENSATION COMMITTEE PLAYS AN "ADVISE AND CONSENT" ROLE FOR OTHER CHANGES IN REMUNERATION WHICH REQUIRE THE APPROVAL OF THE PRESIDENT. ANY COMPENSATION CHANGES INVOLVE MARKET LEVEL ANALYSIS AND ARE MEASURED THROUGH PUBLISHED COMPENSATION SURVEYS AND INDIVIDUAL DATA FROM PEER ORGANIZATIONS, NONPROFITS, BUT ALSO INCLUDING FOR-PROFIT ORGANIZATIONS WHOSE MISSION REQUIRES EMPLOYEES WITH SIMILAR SKILLS AND EXPERIENCE TO OUR ORGANIZATION. BASE SALARIES ARE REVIEWED ANNUALLY, WITH ANY INCREASE DEPENDING ON BOTH THE MOVEMENT IN MARKET SALARY RATES, EMPLOYEE PERFORMANCE AND AVAILABLE BUDGET.THE CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PROVIDES FOR ANNUAL REVIEW AND VOTE TO APPROVE ALL MERIT INCREASES, WITH SPECIFIC REVIEW OF ANY OFFICER COMPENSATION CHANGES. PART I, LINE 4B THE ASSOCIATION PROVIDES A NONQUALIFIED DEFERRED COMPENSATION PLAN (457F) FOR THE CEO, JEFF ISAACSON. IN 2022, $100,000 WAS ACCRUED. PART I, LINE 5 THE PRESIDENT & CEO'S INCENTIVE COMPENSATION IS BASED ON A NUMBER OF PERFORMANCE GOALS AND MEASURES, INDICATIVE OF FULFILLING ORGANIZATION'S NON-PROFIT PURPOSE. FORM 990, PART VI, SECTION A, LINE 6 USRA HAS MEMBERS THAT ARE COMPRISED OF THE MEMBER UNIVERSITIES. FORM 990, PART VI, SECTION A, LINE 7A A COUNCIL, WHICH IS COMPRISED OF A REPRESENTATIVE FROM EACH MEMBER INSTITUTION, OVERSEES THE BOARD OF TRUSTEES AND IS RESPONSIBLE FOR VOTING FOR MEMBERS OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF TRUSTEES, WHICH IS COMPRISED OF REPRESENTATIVES ELECTED FROM MEMBER INSTITUTIONS AND AT LARGE MEMBERS INCLUDING A QUALIFIED FINANCIAL EXPERT, ARE DELEGATED ALL AUTHORITIES FROM THE MEMBERS EXCEPT MODIFYING BY-LAWS AND ELECTING NEW TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT FORM 990 IS REVIEWED IN DETAIL BY THE AUDIT COMMITTEE AND CHIEF FINANCIAL OFFICER. IT IS ALSO PROVIDED TO THE GOVERNING BODY BEFORE SUBMISSION. THE DOCUMENT IS POSTED ON A PASSWORD-PROTECTED INTERNAL WEB PAGE FOR BOARD REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C AT THE BEGINNING OF EACH BOARD OF TRUSTEES MEETING, THE BOARD REVIEWS USRA'S CONFLICT OF INTEREST POLICY AND EACH TRUSTEE PRESENT SUBMITS A CONFLICT OF INTEREST DISCLOSURE FORM. THE CONFLICT OF INTEREST POLICY IS APPLICABLE TO EMPLOYEES. USRA PROVIDES IN ITS EMPLOYEE HANDBOOK THAT ALL EMPLOYEES WILL IDENTIFY ANY OUTSIDE EMPLOYMENT, FINANCIAL INTEREST, OR RELATIONSHIPS THAT MIGHT CONFLICT WITH THE BEST INTEREST OF USRA AND THAT THEY WILL NOT USE PROPRIETARY INFORMATION FOR PERSONAL GAIN OR TO THE DETRIMENT OF THE ORGANIZATION. IN THE EVENT A POTENTIAL CONFLICT IS IDENTIFIED, USRA REQUIRES THE INDIVIDUAL TO RECUSE THEMSELVES FROM PARTICIPATING IN ANY AFFECTED TRANSACTION OR GOVERNING BODY DELIBERATIONS AND DECISIONS, AND TO TAKE SUCH OTHER SITUATIONALLY APPROPRIATE COURSE NEEDED TO MITIGATE OR AVOID THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS MARKET SALARY RATES, EMPLOYEE PERFORMANCE AND RECOMMENDS APPROVAL OF ANY MERIT INCREASE, NON-BASE INCENTIVE PAYMENT, OR CHANGE IN BENEFITS FOR THE CHIEF EXECUTIVE OFFICER TO THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES. THE CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES ALSO PROVIDES FOR ANNUAL REVIEW AND VOTE TO APPROVE ALL MERIT INCREASES, WITH SPECIFIC REVIEW OF ANY OFFICER COMPENSATION CHANGES. THE EXECUTIVE COMMITTEE VOTES ON ANY RECOMMENDED INCREASE. THE COMPENSATION COMMITTEE ALSO VOTES ON RECOMMENDED MERIT COMPENSATION CHANGES FOR ALL EMPLOYEES. FOR EMPLOYEES REPORTING DIRECTLY TO THE CEO, THE COMPENSATION COMMITTEE PLAYS AN "ADVISE AND CONSENT" ROLE FOR OTHER CHANGES IN REMUNERATION WHICH REQUIRE THE APPROVAL OF THE PRESIDENT. ANY COMPENSATION CHANGES INVOLVE MARKET LEVEL ANALYSIS AND ARE MEASURED THROUGH PUBLISHED COMPENSATION SURVEYS AND INDIVIDUAL DATA FROM PEER ORGANIZATIONS, NONPROFITS, BUT ALSO INCLUDING FOR-PROFIT ORGANIZATIONS WHOSE MISSION REQUIRES EMPLOYEES WITH SIMILAR SKILLS AND EXPERIENCE TO OUR ORGANIZATION. BASE SALARIES ARE REVIEWED ANNUALLY, WITH ANY INCREASE DEPENDING ON BOTH THE MOVEMENT IN MARKET SALARY RATES, EMPLOYEE PERFORMANCE AND AVAILABLE BUDGET.THE CHARTER OF THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PROVIDES FOR ANNUAL REVIEW AND VOTE TO APPROVE ALL MERIT INCREASES, WITH SPECIFIC REVIEW OF ANY OFFICER COMPENSATION CHANGES. FORM 990, PART VI, SECTION C, LINE 18 HTTPS://FACWEB.CENSUS.GOV/ FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 1,238,330. MANAGEMENT AND GENERAL EXPENSES 2,183,326. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,421,656. SUB-CONTRACT EXPENSES: PROGRAM SERVICE EXPENSES 14,649,112. MANAGEMENT AND GENERAL EXPENSES 9,596. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,658,708. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/(LOSS) ON INTEREST RATE SWAP 60,164. PART XII, LINE 2C THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.