2025-12-01T14:14:48-06:00 2025-04-30 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2024-05-01 274395855 THE AMERICAN COLLEGE OF TRUST AND ESTATE COUNSEL AMER 2026848460 901 15TH STREET NW 525 WASHINGTON DC 200052348 ELAINE M BUCHER TREASURER 2026848460 2025-11-25 1 1 J CALVIN MARKS P01226973 9197196400 2024 2025-03-06 01:10:19Z ACTEC DEBORAH O MCKINNON 901 15TH STREET NW 525 WASHINGTON DC 200052348 10692596 0 X WWW.ACTEC.ORG X 2010 DE ASSOCIATION OF TRUST AND ESTATE LAWYERS MEETING THE HIGHEST PROFESSIONAL STANDARDS. 41 41 17 43 0 0 217869 50000 8303281 8812964 369575 199102 9616 4977 8900341 9067043 4500 2000 0 0 2376601 2602836 0 0 0 6279069 6566238 8660170 9171074 240171 -104031 9365873 7725742 5112002 3463447 4253871 4262295 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 1 0 1 0 0 0 0 1 1 0 0 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 19 0 1 17 1 0 0 0 0 1 1 0 0 0 X 41 41 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 PETER S GORDON PRESIDENT 10.00 X X 0 0 0 MARGARET G LODISE PRESIDENT-ELECT 10.00 X X 0 0 0 MELISSA J WILLMS VICE PRESIDENT 10.00 X X 0 0 0 ELAINE M BUCHER TREASURER 10.00 X X 0 0 0 MARGARET EW SAGER SECRETARY 10.00 X X 0 0 0 SUSAN D SNYDER IMMEDIATE PAST PRESIDENT 10.00 X X 0 0 0 KURT A SOMMER IMMEDIATE PAST PRESIDENT (TO MAR '25) 2.00 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 EDWARD J BECKWITH MEMBER AT LARGE (FROM MAR '25) 2.00 X 0 0 0 BRAD BEDINGFIELD REGENT 2.00 X 0 0 0 SARAH S BUTTERS REGENT 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 LORA G DAVIS REGENT 2.00 X 0 0 0 S GRAY EDMONDSON REGENT 2.00 X 0 0 0 LYAT EYAL REGENT 2.00 X 0 0 0 DANA G FITZSIMONS JR REGENT 2.00 X 0 0 0 GREGORY V GADARIAN REGENT 2.00 X 0 0 0 MIRIAM W HENRY REGENT 2.00 X 0 0 0 ELIZABETH HOLLAND HUTCHINS REGENT (TO MAR '25) 2.00 X 0 0 0 JOSHUA E HUSBANDS REGENT 2.00 X 0 0 0 SHAHEEN I IMAMI REGENT 2.00 X 0 0 0 KIM KAMIN REGENT 2.00 X 0 0 0 CYNTHIA G LAMAR-HART REGENT 2.00 X 0 0 0 JAMES D LAMM MEMBER AT LARGE 2.00 X 0 0 0 KEVIN MATZ REGENT 2.00 X 0 0 0 MICHELLE A W MCKINNON REGENT 2.00 X 0 0 0 STEVEN K MIGNOGNA REGENT 2.00 X 0 0 0 RAYMOND CLIFFORD ODOM REGENT 2.00 X 0 0 0 BENETTA Y PARK REGENT 2.00 X 0 0 0 JEFFERY T PEETZ REGENT 2.00 X 0 0 0 TARA ANNE PLEAT REGENT (FROM MAR '25) 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 PROF RONALD J SCALISE REGENT 2.00 X 0 0 0 SUSAN SHIELDS REGENT 2.00 X 0 0 0 JEFFERY C THEDE MEMBER AT LARGE 2.00 X 0 0 0 STEVEN E TRYTTEN REGENT 2.00 X 0 0 0 STEPHANIE M TUTHILL REGENT 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 504813 0 36372 REBECCA VANDALL DIRECTOR, COMMUNICATIONS & MARKETING 40.00 X 163960 0 8248 DYLAH E WALLENIUS MEETINGS DIRECTOR 40.00 X 158581 0 38214 VIRNA J TAVAREZ STATE & REGIONAL MEETINGS 40.00 X 138841 0 30299 DEBORAH OBERST CONTROLLER 40.00 X 138127 0 25665 AMY CRAWFORD DIRECTOR, MEMBERSHIP & FOUNDATION MANAGEMENT 40.00 X 127306 0 40169 1231628 0 178967 8 0 1 0 JW MARRIOTT DESERT RIDGE 5350 EAST MARRIOTT DRIVE PHOENIX AZ 85054 HOTEL SERVICES 1060125 MARRIOTT MARQUIS CHICAGO 2121 S PRAIRIE AVE CHICAGO IL 60616 HOTEL SERVICES 579643 FAIRMONT ROYAL YORK HOTEL 100 FRONT ST W TORONTO ONTARIO CA M5J 1E3 HOTEL SERVICES 328697 LA QUINTA RESORT & CLUB 49/499 EISENHOWER DRIVE LA QUINTA CA 92253 HOTEL SERVICES 300000 DESTINATION PARADISE 7070 BEMBE BEACH RD ANNAPOLIS MD 21403 DESTINATION MANAGEMENT SERVICES 272226 12 50000 50000 MEETING REVENUE 611310 5333222 5333222 MEMBERSHIP DUES 611310 3387881 3387881 PUBLICATIONS 611310 91861 91861 8812964 138637 138637 3792 3792 1686018 1625553 60465 60465 60465 1185 1185 1185 9067043 8812964 0 204079 2000 492726 1640083 89966 239269 140792 197790 99765 48566 441521 423498 459107 345629 239183 4000069 76829 52738 HR SERVICES AND RECRUIT 52373 PRODUCTION COSTS 51165 MEMBERSHIP EXPENSES 42814 35191 9171074 2304053 711527 1010003 767778 256776 242014 141615 160588 657549 453894 257418 203655 3722694 4225110 1673314 1415070 9365873 7725742 1350923 278966 2839331 2455600 921748 728881 5112002 3463447 X 4253871 4262295 4253871 4262295 9365873 7725742 -104031 112455 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 3401357 262352 132800 3530909 3248449 298198 145290 3401357 3391571 143514 286636 3248449 3872937 -352110 129256 3391571 3019734 985203 132000 3872937 1.00000 0 0 191941 124213 67728 134002 134002 0 331606 195679 135927 203655 DEPOSITS 835005 ROU LEASE ASSET 549181 ACCRUED INTEREST 26453 INTERCOMPANY RECEIVABLE 4431 1415070 ROU LEASE LIABILITY 728381 INTERCOMPANY PAYABLE 500 728881 9130932 112455 112455 9018477 48566 48566 9067043 9122508 0 9122508 48566 48566 9171074 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. NORTH AMERICA 0 0 PROGRAM SERVICES CONFERENCES AND MEETINGS 619000 0 0 0 0 0 0 619000 0 619000 0 0 0 0 0 0 X X 0 0 0 DEBORAH O MCKINNON EXECUTIVE DIRECTOR 474749 0 30000 0 64 0 17250 0 19122 0 541185 0 0 0 DYLAH E WALLENIUS MEETINGS DIRECTOR 155922 0 2500 0 159 0 8295 0 29919 0 196795 0 0 0 REBECCA VANDALL DIRECTOR, COMMUNICATIONS & MARKETING 160301 0 3500 0 159 0 8248 0 0 0 172208 0 0 0 VIRNA J TAVAREZ STATE & REGIONAL MEETINGS 136182 0 2500 0 159 0 7305 0 22994 0 169140 0 0 0 AMY CRAWFORD DIRECTOR, MEMBERSHIP & FOUNDATION MA 124647 0 2500 0 159 0 6694 0 33475 0 167475 0 0 0 DEBORAH OBERST CONTROLLER 135468 0 2500 0 159 0 7052 0 18613 0 163792 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. 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