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The	
  following	
  summary	
  of	
  SHRM’s	
  IRS	
  990	
  2014	
  report	
  has	
  been	
  prepared	
  by	
  the	
  SHRM	
  Members	
  for	
  Transparency	
  (SMFT).	
  	
  
Given	
  a	
  lack	
  of	
  SHRM	
  volunteer	
  and	
  chapter	
  officials’	
  support,	
  SMFT	
  has	
  discontinued	
  efforts	
  to	
  encourage	
  the	
  SHRM	
  Board	
  to	
  
revise	
  certain	
  policies	
  and	
  practices	
  that	
  SMFT	
  feels	
  are	
  not	
  in	
  the	
  best	
  interests	
  of	
  the	
  SHRM	
  members.	
  This	
  IRS	
  990	
  analysis	
  is	
  
SMFT’s	
  only	
  continuing	
  effort	
  and	
  is	
  only	
  justified	
  by	
  the	
  value	
  of	
  the	
  comparative	
  statistics	
  dating	
  back	
  to	
  2008.	
  	
  It	
  is	
  published	
  to	
  
assist	
  SHRM	
  members	
  and	
  others	
  to	
  understand	
  this	
  important	
  50	
  page	
  IRS	
  required	
  report	
  on	
  SHRM	
  practices	
  and	
  financial	
  
status.	
  	
  
	
  
The	
  SHRM	
  IRS	
  2014	
  990	
  is	
  the	
  most	
  recent	
  report	
  available.	
  	
  The	
  due	
  date	
  for	
  submission	
  of	
  the	
  2014	
  990	
  report	
  was	
  originally	
  
May	
  15,	
  2014.	
  	
  However,	
  SHRM	
  has	
  asked	
  for	
  extensions	
  and	
  their	
  report	
  was	
  submitted	
  November	
  12,	
  2015	
  	
  	
  
	
  
We	
  encourage	
  interested	
  parties	
  to	
  read	
  the	
  complete	
  2014	
  IRS	
  form	
  990	
  Report	
  which	
  can	
  be	
  obtained	
  from	
  the	
  IRS	
  or	
  
GuideStar,	
  a	
  not	
  for	
  profit	
  organization	
  who	
  tracks	
  activities	
  of	
  organizations	
  like	
  SHRM.	
  (See:	
  
http://www.guidestar.org/Home.aspx.1	
  
	
  
EXECUTIVE	
  NARRATIVE	
  SUMMARY	
  	
  
1. 	
  As	
  reported	
  in	
  the	
  2012	
  990	
  report,	
  2012	
  was	
  the	
  first	
  time	
  SHRM’s	
  CEO,	
  Mr.	
  Hank	
  Jackson,	
  was	
  paid	
  greater	
  than	
  one	
  million	
  
dollars,	
  actually	
  $1,292,308,	
  including	
  deferred	
  compensation.	
  	
  Mr.	
  Jackson’s	
  total	
  compensation	
  reported	
  for	
  2014	
  has	
  increased	
  
to	
  $1,784,456,	
  including	
  deferred	
  compensation.	
  	
  This	
  is	
  $242,099	
  or	
  13.6%	
  greater	
  than	
  Mr.	
  Jackson’s	
  2013	
  compensation.	
  	
  	
  	
  
2. The	
  number	
  of	
  SHRM	
  employees	
  during	
  2014	
  was	
  384,	
  a	
  decrease	
  of	
  26,	
  a	
  6.3%	
  decrease	
  from	
  2013.	
  	
  Selective	
  layoffs	
  were	
  
executed,	
  presumably	
  because	
  of	
  deteriorating	
  business	
  conditions.	
  
3. The	
  number	
  of	
  SHRM	
  volunteers	
  increased	
  to	
  8115,	
  an	
  8%,	
  increase	
  from	
  the	
  prior	
  year.	
  	
  
4. Reconciliation	
  of	
  net	
  assets:	
  
	
   2013	
   2014	
   Change	
  
Total	
  revenue	
   $114,561,872	
   $113,021,588	
   -­‐$232.491	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
1	
  As	
  of	
  this	
  date,	
  March	
  2016,	
  neither	
  the	
  IRS	
  nor	
  GuideStar	
  have	
  made	
  SHRM’s	
  990	
  available.	
  The	
  990	
  utilized	
  for	
  this	
  analysis	
  was	
  obtained	
  from	
  SHRM.	
  	
  
2	
  
	
  
Total	
  expenses	
   $109,664,067	
   $113,254,069	
   +$3,590,002	
  
Revenue	
  less	
  expenses	
   	
  	
  	
  	
  $4,897,805	
   -­‐$232,481	
   $5,130,286	
  
Net	
  Unrealized	
  gains	
  on	
  investments.2	
   $11,287,355	
   -­‐$5,697,055	
   $5,590,300	
  
Net	
  assets	
  as	
  of	
  12/31/	
   $143,089,642	
   	
   $126,578,384	
   $16,511,278	
  
NOTES:	
  
• Revenue	
  decreased	
  for	
  one	
  of	
  the	
  first	
  times.	
  	
  
• Expenses,	
  however,	
  increased	
  $3,590,002	
  over	
  2013	
  levels	
  for	
  a	
  3.3%	
  increase.	
  	
  
• 2014	
  net	
  operating	
  outcome	
  was	
  a	
  loss	
  of	
  almost	
  one	
  quarter	
  million	
  dollars.	
  	
  
• Total	
  net	
  assets,	
  including	
  losses	
  on	
  investments,	
  decreased	
  $16,511,278	
  or	
  11.5%.	
  	
  
• Member	
  dues	
  at	
  $45,076,237	
  were	
  only	
  39.9%	
  of	
  total	
  revenue,	
  down	
  from	
  the	
  2013	
  level	
  of	
  46.3%	
  of	
  total	
  revenue.	
  	
  	
  When	
  
combined	
  with	
  the	
  Annual	
  Conference	
  revenue	
  that	
  accounted	
  for	
  21.5%	
  of	
  revenue,	
  almost	
  two	
  thirds	
  of	
  all	
  revenue	
  came	
  
from	
  those	
  two	
  sources.	
  	
  
• Since	
  2008,	
  on	
  an	
  operational	
  basis,	
  SHRM	
  has	
  lost	
  $29,255,442	
  (losses	
  four	
  of	
  the	
  seven	
  years)	
  and	
  had	
  revenue	
  in	
  excess	
  of	
  
expenses	
  of	
  only	
  $10,896,833.	
  	
  
	
  
5. Staff	
  compensation	
  
a. Five	
  SHRM	
  executives	
  were	
  paid	
  greater	
  than	
  $500,000	
  during	
  2014.	
  	
  They	
  were	
  Mr.	
  Jackson	
  (already	
  highlighted	
  as	
  
compensated	
  at	
  greater	
  than	
  $1.7	
  million);	
  SHRM’s	
  General	
  Counsel,	
  Mr.	
  Henry	
  Hart	
  who	
  earned	
  $715,977,	
  Robert	
  Carr,	
  
VP	
  Membership	
  and	
  Marketing	
  at	
  $684,450,	
  Debra	
  Cohen,	
  SVP	
  Knowledge	
  Development	
  who	
  earned	
  $542,735,	
  and	
  Brian	
  
Dickson,	
  VP	
  Development	
  at	
  $505,055.	
  	
  
6. SHRM	
  Board	
  compensation	
  
a. The	
  total	
  compensation	
  for	
  the	
  2014	
  Board	
  (excluding	
  Jackson)	
  was	
  $273,797.	
  	
  The	
  highest	
  was	
  $38,797	
  reported	
  for	
  the	
  
2014	
  Chair,	
  Ms.	
  Bette	
  Francis.	
  	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
	
  
2	
  Unrealized	
  gains	
  on	
  investments	
  is	
  the	
  IRS	
  requirement	
  for	
  nonprofits	
  to	
  report	
  the	
  current	
  value	
  of	
  investments,	
  not,	
  for	
  instance,	
  the	
  purchase	
  
price.	
  	
  Unrealized	
  means	
  the	
  stocks	
  are	
  not	
  sold,	
  but	
  the	
  current	
  value	
  of	
  all	
  investments	
  is	
  what	
  is	
  recognized	
  as	
  the	
  value	
  of	
  such	
  assets	
  on	
  SHRM’s	
  
Balance	
  sheet.	
  	
  It	
  does	
  not	
  reflect	
  operating	
  results.	
  	
  
	
  
3	
  
	
  
7. Legal	
  expenses:	
  	
  
a. At	
  almost	
  one-­‐half	
  million	
  dollars,	
  SHRM’s	
  legal	
  expenses	
  were	
  the	
  greatest	
  in	
  five	
  years	
  and	
  $229,865	
  or	
  88.1%	
  greater	
  
than	
  2013.	
  	
  
	
  
	
  
ISSUE	
   2014	
   2013	
   2012	
   2011	
   2010	
  	
   2009	
   2008	
  
Number	
  of	
  
employees	
  
384	
   410	
   380	
   360	
   352	
   Not	
  reported	
   Not	
  reported	
  
Total	
  
number	
  of	
  
volunteers	
  
8115	
   7590	
   6743	
   7925	
   7240	
   Not	
  reported	
   Not	
  reported	
  
	
   	
   	
   	
   	
   	
   	
   	
  
Income	
  
Statement	
  
	
   	
   	
   	
   	
   	
   	
  
Program	
  
service	
  
revenue	
  
$89,968,737	
   $94,150,876	
   $88,692,178	
   $83,840,039	
   $75,	
  311,	
  847	
   $68,123,996	
   $83,162,988	
  
Investment	
  
Income	
  
$7,518,796	
   $7,081,350	
   $4,411,005	
   $8,201,572	
   $6,641,	
  419	
   	
  Unknown	
   	
  Unknown	
  
Other	
  
revenue	
  
$15,534,055	
   $13,323,646	
   $11,138,259	
   $9,831,221	
   $11,834,645	
   $13,876,571	
   $14,938,418	
  
Total	
  
revenue	
  
$113,021,588	
  	
   $114,561,872	
   $104,241,441	
   $101,872,832	
   $93,787,911	
   $81,210,439	
   $87,656,236	
  
Grants	
   $742,184	
   $1,130,906	
   $578,720	
   $625,871	
   $636,	
  300	
   $105,241	
   $433,364	
  
Salaries	
  and	
  
benefits	
  
$50,034,026	
   $50,315,915	
   $47,217,853	
   $42,996,352	
   $40,124,333	
   $37,072,991	
   $36,313,800	
  
Other	
  
expenses	
  
$62,477,859	
   $58,217,246	
   $55,429,533	
   $53,264,917	
   $56,259,873,	
   $52,721,900	
   $86,009,745	
  
Total	
  
expenses	
  
$113,254,069	
   $109,644,067	
   $103,220,106	
   $96,887,140	
   $97,020,506	
   $89,900,132	
   $104,756,909	
  
4	
  
	
  
Revenue	
  
less	
  
expenses	
  
on	
  
operating	
  
basis.	
  
-­‐$232,481	
   $4,897,805	
   $1,015,336	
   $4,985,692	
  
(Note:	
  greater	
  
than	
  $13	
  
million	
  of	
  
SHRM	
  
Foundation	
  
Assets	
  were	
  
transferred	
  to	
  
SHRM’s	
  
Balance	
  Sheet3	
  
-­‐$3,232,595	
   -­‐$8,689,693	
   $-­‐17,100,673	
  
	
  
Balance	
  Sheet	
   2014	
   2013	
   2012	
   2011	
   2010	
   2009	
  
Total	
  assets	
   $204,533,051	
   $206,668,817	
   $188,197,236	
   $174,854,31
2	
  
$177,891,001	
   $169,837,291	
  
Total	
  liabilities	
   $77,954,667	
   $63,579,175	
   $73,621,499	
   $67,943,531	
   $53,992,252	
   $48,581,080	
  
Net	
  assets	
   $126,576,384	
  
(includes	
  
$5,697,055	
  in	
  
unrealized	
  losses	
  
on	
  investments.)	
  
	
  
$143,069,642	
  
(Note:	
  Includes	
  
$11,287,355	
  in	
  
“unrealized	
  gains	
  
on	
  investments.	
  $	
  	
  
$114,575,737	
  
Note:	
  Includes	
  
$9,131,387	
  in	
  
“unrealized	
  
gains”	
  on	
  
investments.	
  
$106,910,78
1	
  
$123,898,749	
   $121,256,211	
  
	
   	
   	
   	
   	
   	
   	
  
	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  
3	
  As	
  announced	
  in	
  the	
  Independent	
  Auditors	
  Report	
  effective	
  January	
  1,	
  2011,	
  under	
  Financial	
  Note	
  5,	
  the	
  SHRM	
  Foundation	
  is	
  reported	
  as	
  being	
  
consolidated	
  with	
  SHRM	
  and	
  its	
  subsidiaries	
  “due	
  to	
  common	
  control.”	
  	
  A	
  result	
  of	
  this	
  decision	
  was	
  that	
  $13,883,662	
  –	
  all	
  of	
  the	
  SHRM	
  Foundation’s	
  assets	
  
–	
  was	
  transferred	
  to	
  SHRM’s	
  Balance	
  Sheet.	
  	
  SHRM	
  management	
  informs	
  us	
  this	
  is	
  an	
  administration	
  action	
  and	
  will	
  not	
  affect	
  the	
  operations,	
  decisions	
  or	
  
spending	
  capabilities	
  of	
  the	
  SHRM	
  Foundation.	
  They	
  further	
  report	
  that	
  the	
  SHRM	
  Foundation	
  activities	
  and	
  reserves	
  show	
  up	
  only	
  for	
  GAAP	
  accounting	
  
purposes	
  on	
  the	
  SHRM	
  audited	
  consolidated	
  financial	
  statement	
  –	
  not	
  in	
  the	
  Form	
  990.	
  (See:	
  	
  SHRM	
  Consolidated	
  Financial	
  Statements	
  and	
  Supplemental	
  
Information	
  for	
  Years	
  ending	
  December	
  31,	
  2010	
  and	
  2011.	
  	
  http://www.shrm.org/about/reports/Documents/SHRM2011_2AUDITFinalFS.pdf.)	
  It	
  is	
  our	
  
opinion	
  that	
  this	
  presumably	
  “one	
  time”	
  transfer	
  of	
  assets	
  does	
  not	
  permit	
  an	
  adequate	
  comparison	
  of	
  SHRM	
  financial	
  results	
  between	
  years	
  2010,	
  2011	
  and	
  
2012.	
  Had	
  this	
  action	
  not	
  taken	
  place	
  SHRM	
  would	
  have	
  experienced	
  a	
  decrease,	
  not	
  an	
  increase	
  in	
  net	
  assets,	
  as	
  reported	
  for	
  2011.	
  	
  The	
  SHRM	
  Foundation,	
  
as	
  a	
  501(c)(3),	
  must	
  file	
  its	
  own	
  IRS	
  form	
  990.	
  (See:	
  http://www.guidestar.org/FinDocuments/2011/346/610/2011-­‐346610067-­‐08e2f347-­‐9.pdf.)	
  	
  
5	
  
	
  
Major	
  sources	
  of	
  
revenue	
  
	
   	
   	
   	
   	
   	
  
Membership	
  dues	
   $$45,076,273	
   $43,596,380	
   $42,203,407	
   $39,089,271	
   $35,453,590	
   	
  
Annual	
  conference	
   $24,267,105	
   $26,907,199	
   $24,259,923	
   $23,668,997	
   $19,770,344	
   	
  
Advertising	
   $$10,	
  215,883	
   $12,415,181	
   $12,394,780	
   $12,535,746	
   $12,066,604	
   	
  
Seminars	
   $6,562,799	
   $7,278,160	
   $6,094,000	
   $5,163,875	
   $4,865,451	
   	
  
Other	
  conferences	
   $3,811,465	
   $3,941,848	
   $3,704,527	
   $3,352,207	
   $3,029,720	
   	
  
All	
  other	
  program	
  
service	
  revenue	
  
$35,212	
   $12,108	
   $35,541	
   $29,943	
   $126,138	
   	
  
Total	
   $89,968,737	
   $94,150,	
  876	
   $88,692,178	
   $83,840,039	
   $75,311,847	
   	
  
	
   	
   	
   	
   	
   	
   	
  
Major	
  expenses	
  -­‐	
  
Staffing	
  
	
   	
   	
   	
   	
   	
  
Compensation	
  of	
  
current	
  officers,	
  
directors,	
  trustees	
  
and	
  key	
  
employees	
  
$10,043,082	
   $9,110,543	
   $7,128,791	
   $7,123,641	
   $8,054,355	
   	
  
Other	
  salaries	
  and	
  
wages	
  
$29,039,683	
   $28,776,644	
   $27,212,277	
   $25,473,134	
   $23,429,188	
   	
  
Pension	
  plan	
  
contributions	
  
including	
  401(k)	
  
$3,744,573	
   $6,031,910	
   $7,021,684	
   $5,072,525	
   $3,618,900	
   	
  
Other	
  employee	
  
benefits	
  
$4,779,407	
   $4,067,546	
   $3,579,439	
   $3,211,957	
   $2,986,350	
   	
  
	
   	
   	
   	
   	
   	
   	
  
Other	
  major	
  
expenses:	
  
2014	
   2013	
   2012	
   2011	
   2010	
   	
  
Legal	
  expenses	
  	
   $490,667	
   $260,802	
   $292,852	
   $399,509	
   $184,198	
   	
  
Accounting	
  
expenses	
  
$78,005	
   $176,904	
   $95,364	
   $122,290	
   $107,555	
   	
  
6	
  
	
  
Lobbying	
  
expenses	
  	
  
$376,849	
   $354,669	
   $334,555	
   $319,092	
   $208,514	
   	
  
Investment	
  
management	
  fees	
  
$573,028	
   $496,216	
   $480,286	
   $264,423	
   $347,293	
   	
  
Advertising	
  and	
  
promotion	
  
expenses	
  
$6,576,149	
  	
   $3,004,434	
   $4,864,223	
   $5,796,295	
   $6,746,619	
   	
  
Office	
  expenses	
  	
   $9,123,293	
   $9,037,285	
   $8,929,517	
   $8,750,596	
   $9,130,480	
   	
  
Information	
  
technology	
  
expenses	
  
$3,011,914	
   $2,	
  962,280	
   $2,579,693	
   $2,565,008,	
   $2,433,148	
   	
  
Travel	
  expenses	
   $3,640,708	
   $2,653,094	
   $2,675,192	
   $2,438,583	
   $2,429,767	
   	
  
Conferences	
  and	
  
meetings	
  expenses	
  
$11,609,891	
   $13,431,588	
   $11,962,082	
   $11,193,071	
   $9,785,307	
   	
  
	
   	
   	
   	
   	
   	
   	
  
Chapter	
  support	
   $1,610,408	
   $1,634,518	
   $1,635,250	
   $1,772,778	
   $1,378,853	
   	
  
	
   	
   	
   	
   	
   	
   	
  
Investments	
  	
   	
   	
   	
   	
   	
   	
  
Investments	
  –	
  
public	
  traded	
  
securities	
  
$117,582,795	
   $121,091,437	
   $107,527,304	
   $103,657,02
0	
  
$100,651,040	
   	
  
Investments	
  –	
  
other	
  securities	
  
$21,345,968	
   $21,712,328	
   $18,525,564	
   $14,689,859	
   $21,916,536	
   	
  
	
   	
   	
   	
   	
   	
   	
  
Activities	
  outside	
  
the	
  United	
  States	
  
	
   2013	
   2012	
   2011	
   2010	
   2011	
  
South	
  Asia	
  -­‐	
  total	
  
expenditures	
  
(India)	
  
$750,000	
  
Maintains	
  three	
  
offices	
  with	
  
approximately	
  31	
  
employees	
  and	
  
$3,000,000	
  
SHRM	
  India	
  
maintains	
  three	
  
offices	
  with	
  
approximately	
  33	
  
$3,101,647	
  
(Note:	
  India	
  has	
  
1893	
  SHRM	
  
members,	
  an	
  
increase	
  of	
  20%	
  
$5,002,175	
   $2,500,000	
  
	
  
In	
  2010	
  SHRM	
  
reported	
  
SHRM	
  India	
  
The	
  2011	
  SHRM	
  
Member	
  
Directory	
  at	
  the	
  
time	
  of	
  this	
  
analysis	
  
7	
  
	
  
independent	
  
contractors.	
  
employees	
  and	
  
independent	
  
contractors.	
  
over	
  2011.	
  	
  	
  
However,	
  each	
  
India	
  member’s	
  
cost	
  is,	
  at	
  $1638	
  
each,	
  
unacceptably	
  
high.	
  
has	
  three	
  
offices	
  and	
  21	
  
employees	
  or	
  
contractors.	
  
The	
  SHRM	
  
Member	
  
Directory	
  at	
  
the	
  time	
  of	
  this	
  
analysis	
  
indicates	
  there	
  
are	
  2,130	
  
members	
  in	
  
India	
  for	
  a	
  cost	
  
of	
  
approximately	
  
$1,178	
  per	
  
member	
  
indicates	
  there	
  
are	
  only	
  1,359	
  
members	
  in	
  
India,	
  a	
  36%	
  
decrease	
  from	
  
the	
  prior	
  year.	
  	
  	
  
East	
  Asia	
  and	
  the	
  
Pacific	
  -­‐	
  total	
  
expenditures	
  
(China)	
  
$25,528	
  
Maintains	
  one	
  
office	
  with	
  four	
  
employees.	
  
$85,556	
  
SHRM	
  China	
  
maintains	
  one	
  
office	
  with	
  
approximately	
  4	
  
employees	
  
$278,713	
  
After	
  several	
  
years	
  of	
  effort,	
  
the	
  SHRM	
  
Member	
  
Directory	
  at	
  the	
  
time	
  of	
  this	
  
analysis	
  (2014)	
  
reports	
  there	
  
were	
  only	
  314	
  
members	
  in	
  
China,	
  an	
  
increase	
  from	
  
the	
  226	
  reported	
  
last	
  year.	
  The	
  
$283,894	
   $331,346	
   	
  	
  
8	
  
	
  
average	
  2012	
  
cost	
  per	
  member	
  
was	
  $888.	
  
Mexico	
  and	
  
Canada	
  –	
  total	
  
expenditures	
  
$29,356	
   $270,914	
   $24,821	
   $5,403	
   $40,871	
   	
  
Europe	
  including	
  
Iceland	
  and	
  
Greenland	
  -­‐	
  total	
  
expenditures	
  
$51,424	
   $116,171	
   None	
  reported	
  	
   None	
  
reported	
  
$1,065	
   	
  
Middle	
  East	
  –&	
  
North	
  Africa	
  
$57,891	
  
Maintains	
  one	
  
office	
  with	
  
approximately	
  3	
  
employees	
  
$150,000	
   None	
  previously	
  
reported	
  	
  
	
   	
   	
  
South	
  America	
  	
   $5,000	
   $10,758	
   None	
  previously	
  
reported	
  
	
   	
   	
  
Sub-­‐Saharan	
  
Africa	
  	
  
$9079	
   $340,505	
   None	
  previously	
  
reported	
  
	
   	
   	
  
Central	
  America	
  &	
  
Caribbean	
  	
  
$2,000,000	
   $2,000,000	
   None	
  previously	
  
reported	
  
	
   	
   	
  
Total	
  investments	
  
in	
  countries	
  other	
  
than	
  the	
  United	
  
States.	
  	
  
3,497,960	
   $5,932,904	
   	
   	
   	
   	
  
	
   	
   	
   	
   	
   	
   	
  
First	
  class,	
  
business	
  class,	
  
companion	
  travel,	
  
housing	
  
allowances	
  and	
  tax	
  
Dollar	
  amount	
  
not	
  disclosed.	
  
A	
  total	
  of	
  16	
  
people	
  received	
  
various	
  First	
  
Dollar	
  amount	
  not	
  
disclosed.	
  
A	
  total	
  of	
  20	
  people	
  
received	
  various	
  
First	
  Class	
  and	
  
Dollar	
  amount	
  
not	
  disclosed.	
  	
  
A	
  total	
  of	
  15	
  
people	
  received	
  
various	
  First	
  
Dollar	
  
amount	
  not	
  
disclosed.	
  
Dollar	
  amount	
  
not	
  disclosed.	
  
SHRM	
  has	
  an	
  
employee	
  travel	
  
policy	
  
permitting	
  
First/Business	
  
9	
  
	
  
indemnification	
  
payments	
  
required	
  to	
  be	
  
reported	
  to	
  the	
  
IRS.	
  
Class	
  and	
  
Business	
  Class	
  
travel	
  during	
  
2014	
  
Business	
  Class	
  
travel	
  during	
  2013.	
  	
  	
  
Class	
  and	
  
Business	
  Class	
  
travel	
  during	
  
2012.	
  	
  	
  
Class	
  
international	
  
travel	
  for	
  any	
  
flight	
  5	
  hours	
  or	
  
longer.	
  	
  
	
  
SHRM	
  has	
  a	
  
Board	
  policy	
  
allowing	
  all	
  
Board	
  members	
  
and	
  the	
  SHRM	
  
CEO	
  to	
  fly	
  First	
  
or	
  Business	
  
Class	
  regardless	
  
of	
  time	
  or	
  
distance	
  
required	
  –	
  a	
  
very	
  generous	
  
practice	
  
compared	
  to	
  
other	
  nonprofit	
  
organizations.	
  	
  	
  
	
   2014	
   2013	
   2012	
   2011	
   2010	
   	
  
Highest	
  
compensated	
  
employees	
  	
  
	
   	
   	
   	
   	
   	
  
$500,000	
  or	
  more	
  
Hank	
  Jackson,	
  CEO	
  
	
  
Henry	
  Hart,	
  
General	
  Counsel	
  
	
  
	
  
$1,774,454	
  
	
  
	
  
$715,977	
  
	
  
	
  
$1,532,358	
  
	
  
	
  
$612,822	
  
	
  
	
  
$1,292,308	
  
	
  
	
  
$559,158	
  
	
  
	
  
$997,590	
  
	
  
	
  
$490,133	
  
	
  
	
  
$551,806	
  
	
  
	
  
$357,603	
  
	
  
	
  
10	
  
	
  
Robert	
  Carr,	
  VP	
  
Membership	
  &	
  
Marketing,	
  	
  
	
  
Debra	
  Cohen	
  VP	
  
Knowledge	
  
Development	
  and	
  	
  
	
  
Brian	
  Dickson,	
  VP	
  
Development	
  at	
  
$505,055.	
  	
  
	
  
$684,450	
  
	
  
	
  
$542,735	
  
	
  
	
  
	
  
$505,055	
  
	
  
$520,430	
  
	
  
	
  
$483,149	
  
	
  
	
  
	
  
$419,931	
  
	
  
	
  
	
  
	
  
	
  
	
  
$456,844	
  
	
  
	
  
	
  
$373,506	
  
	
  
	
  
	
  
	
  
$421,061	
  
	
  
	
  
	
  
	
  
$360,724	
  
12	
  executives	
  
earned	
  $300,000	
  -­‐	
  
$499,000	
  	
  
	
   	
   	
   	
   	
   	
  
Gary	
  Rubin	
   $355,424,	
   $488,113	
   $461,563	
   $465,202	
   $377,405	
   	
  
Mary	
  Mohney	
   $478,024	
   $426,555	
   $391,803	
   	
  	
   	
   	
  
Jeff	
  Pon	
   $468,180	
   $408,759	
   	
   	
   	
   	
  
Heidi	
  Byerly	
  	
   $381,988	
   $342.353	
   	
   	
   	
   	
  
	
  Margo	
  Vickers	
  	
   $380,418	
   $325,320	
   	
   	
   	
   	
  
	
  Mark	
  Schmit	
  
(SHRM	
  
Foundation)	
  	
  
$359,777	
   	
   	
   	
   	
   	
  
Leon	
  Rubis	
   $359,149	
   	
   	
   	
   	
   	
  
Michael	
  Aitken	
   $351,556	
   $321,084	
   $317,489	
   $318,364	
   	
   	
  
Lisa	
  McConnell	
  	
  	
   $330,097	
   	
  	
   	
   	
   	
   	
  
Elizabeth	
  Block	
   $323,087	
   	
   	
   	
   	
   	
  
Tim	
  Canny	
   $307,180	
   	
   	
   	
   	
   	
  
Alexandria	
  Alonso	
   $304,535	
   	
   	
   	
   	
   	
  
	
   	
   	
   	
   	
   	
   	
  
11	
  
	
  
Reportable	
  
Compensation	
  of	
  
Board	
  members	
  
	
   	
   2012	
   2011	
   2010	
   	
  
Henry	
  (Hank)	
  
Jackson	
  	
  
$1,774,454	
   $1,532,358	
   $1,292,308	
  
	
  
	
   	
   	
  
José	
  Berrios	
   Off	
  Board	
   $51,299	
  
Past	
  Chair	
  	
  
$109,572	
  
Chair	
  
$35,000	
   $23,603	
   	
  
Jeffrey	
  Cava	
   $20,000	
   $20,300	
   $25,000	
   $20,000	
   $13,603	
   	
  
Bette	
  Francis	
   $38,797	
   $37,258	
  
Chair	
  
$35,000	
  
	
  
$25,000	
   $23,603	
   	
  
Jorge	
  Consuegra	
   $20,000	
   $20,300	
   $20,000	
   $5000	
   	
   	
  
James	
  Kaitz	
   0	
  	
   $25,300	
   $25,000	
   $25,000	
   $13,603	
   	
  
Brian	
  Silva	
  
Chair	
  designate	
  	
  
$30,000	
   $25,300	
   $20,000	
   	
   	
   	
  
Coretha	
  Rushing	
  	
   $25,000	
   $25,300	
   $20,000	
   	
   	
   	
  
My-­‐Chau	
  Nguyen	
   $25,000	
   $20,300	
   $20,000	
   $10,000	
   	
   	
  
	
  Lori	
  Carlson	
   $20,000	
   	
  	
   	
  	
   	
  	
   	
  	
   	
  
Jose	
  Tomas	
   $25,000	
   $20,300	
   $15,000	
   	
   	
   	
  
Lorio	
  Carlson	
   $20,000	
   $15,300	
   	
   	
   	
   	
  
Jennifer	
  Pollino	
   $20,000	
   $20,300	
   	
   	
   	
   	
  
David	
  Windly	
  	
   $20,000	
   $20,300	
   	
   	
   	
   	
  
Thomas	
  Derry	
   10,000	
  (as	
  of	
  
August	
  2014)	
  
	
   	
   	
   	
   	
  
Scott	
  Washburn	
   $20,000	
   	
   	
   	
   	
   	
  
	
   	
  
	
  
Conflict	
  of	
  interest	
  policy	
  
	
  
A	
  special	
  part	
  of	
  IRS	
  form	
  990	
  is	
  Part	
  VI,	
  Section	
  B,	
  which	
  requires	
  SHRM	
  to	
  comment	
  on	
  their	
  conflict	
  of	
  interest	
  policy.	
  	
  Their	
  
lengthy	
  explanation	
  is	
  open	
  to	
  challenge,	
  specifically	
  with	
  regard	
  to	
  the	
  Board	
  initiating	
  and	
  approving	
  its	
  own	
  compensation	
  and	
  
12	
  
	
  
benefit	
  programs,	
  inconsistent	
  with	
  association	
  practice,	
  Board	
  Source,	
  and	
  the	
  American	
  Society	
  of	
  Association	
  Executives	
  
guidelines.	
  	
  
	
  
In	
  addition,	
  the	
  SHRM	
  Member	
  Discipline	
  process	
  consists	
  of	
  only	
  Board	
  members	
  initially	
  judging	
  members’	
  ethical	
  conduct,	
  
including	
  any	
  complaints	
  against	
  their	
  fellow	
  SHRM	
  Board	
  members.	
  	
  Previous	
  complaints	
  against	
  Board	
  Members	
  regarding	
  
conflicts	
  of	
  interest	
  have	
  been	
  rejected	
  by	
  the	
  Board	
  Members	
  on	
  the	
  Review	
  Committee,	
  thus	
  pre-­‐empting	
  discussion	
  by	
  the	
  
Hearing	
  Committee,	
  which	
  is	
  the	
  only	
  element	
  of	
  the	
  Member	
  Discipline	
  process	
  that	
  has	
  regular,	
  non-­‐Board	
  members	
  on	
  it.	
  
Therefore,	
  conflict-­‐of-­‐interest	
  complaints	
  against	
  Board	
  Members	
  were	
  dismissed	
  by	
  Board	
  Members,	
  resulting	
  in	
  yet	
  another	
  
serious	
  conflict	
  of	
  interest.	
  	
  The	
  Board	
  has	
  been	
  aware	
  of	
  this	
  conflict	
  of	
  interest	
  for	
  approximately	
  five	
  years	
  and	
  has	
  done	
  
nothing	
  to	
  rectify	
  it,	
  allowing	
  Board	
  Members	
  to	
  remain	
  completely	
  immune	
  to	
  any	
  member	
  discipline.	
  	
  	
  	
  	
  
	
  
SHRM	
  Membership:	
  
	
  
There	
  is	
  no	
  requirement	
  for	
  SHRM	
  management	
  to	
  report	
  SHRM’s	
  membership	
  to	
  the	
  Internal	
  Revenue	
  Service	
  on	
  the	
  IRS	
  990	
  
reporting	
  form.	
  
	
  
An	
  analysis	
  of	
  SHRM’s	
  situation	
  would	
  be	
  incomplete	
  without	
  a	
  reference	
  to	
  SHRM’s	
  membership.	
  
	
  
As	
  indicated	
  below,	
  SHRMs	
  membership	
  has	
  increased	
  each	
  year	
  since	
  1990.	
  
	
  
13	
  
	
  
	
  
	
  
However,	
  as	
  indicated	
  by	
  the	
  following	
  chart	
  the	
  percent	
  increase	
  in	
  SHRM	
  membership	
  has	
  decreased	
  rather	
  dramatically	
  during	
  
the	
  past	
  several	
  years.	
  	
  
	
  
	
  
14	
  
	
  
	
  
The	
  question	
  is	
  whether	
  or	
  not	
  the	
  number	
  of	
  HR	
  professionals	
  in	
  the	
  profession	
  is	
  increasing	
  or	
  decreasing?	
  	
  	
  The	
  United	
  States	
  
Department	
  of	
  Labor	
  reports	
  HR	
  jobs	
  are	
  increasing,	
  not	
  decreasing.	
  	
  This	
  includes	
  HR	
  specialists	
  such	
  as	
  labor	
  relations	
  and	
  
training	
  and	
  development	
  as	
  well	
  as	
  compensation	
  and	
  benefit	
  managers.	
  	
  
	
  
Percent	
  Change	
  in	
  Employment,	
  Projected	
  (2012-­‐2022)	
  
	
  
	
  
Human	
  Resources	
  Managers	
  	
  
Total,	
  all	
  occupations	
  	
  
Management	
  occupations	
  	
  	
  	
  	
  
13%	
  
11%	
  
7%	
  
	
  
Note:	
  All	
  Occupations	
  include	
  all	
  occupations	
  in	
  the	
  U.S.	
  Economy.	
  
Source:	
  U.S.	
  Bureau	
  of	
  Labor	
  Statistics,	
  Employment	
  Projections	
  program	
  
	
  
15	
  
	
  
With	
  the	
  number	
  of	
  HR	
  professionals	
  increasing	
  there	
  should	
  be	
  a	
  good	
  opportunity	
  for	
  continued	
  SHRM	
  growth;	
  therefore,	
  
current	
  membership	
  recruitment	
  efforts	
  should	
  be	
  reviewed	
  for	
  their	
  effectiveness.	
  	
  
	
  	
  	
  
	
  
Prepared	
  by	
  SHRM	
  Members	
  for	
  Transparency	
  volunteers	
  	
  
	
  
	
  
March	
  11,	
  2016	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  
File:	
  9990	
  IRS	
  SHRM	
  2014	
  Submission	
  Analysis	
  Feb	
  2016	
  

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990 IRS SHRM 2014 submission analysis feb 2016

  • 1. 1         The  following  summary  of  SHRM’s  IRS  990  2014  report  has  been  prepared  by  the  SHRM  Members  for  Transparency  (SMFT).     Given  a  lack  of  SHRM  volunteer  and  chapter  officials’  support,  SMFT  has  discontinued  efforts  to  encourage  the  SHRM  Board  to   revise  certain  policies  and  practices  that  SMFT  feels  are  not  in  the  best  interests  of  the  SHRM  members.  This  IRS  990  analysis  is   SMFT’s  only  continuing  effort  and  is  only  justified  by  the  value  of  the  comparative  statistics  dating  back  to  2008.    It  is  published  to   assist  SHRM  members  and  others  to  understand  this  important  50  page  IRS  required  report  on  SHRM  practices  and  financial   status.       The  SHRM  IRS  2014  990  is  the  most  recent  report  available.    The  due  date  for  submission  of  the  2014  990  report  was  originally   May  15,  2014.    However,  SHRM  has  asked  for  extensions  and  their  report  was  submitted  November  12,  2015         We  encourage  interested  parties  to  read  the  complete  2014  IRS  form  990  Report  which  can  be  obtained  from  the  IRS  or   GuideStar,  a  not  for  profit  organization  who  tracks  activities  of  organizations  like  SHRM.  (See:   http://www.guidestar.org/Home.aspx.1     EXECUTIVE  NARRATIVE  SUMMARY     1.  As  reported  in  the  2012  990  report,  2012  was  the  first  time  SHRM’s  CEO,  Mr.  Hank  Jackson,  was  paid  greater  than  one  million   dollars,  actually  $1,292,308,  including  deferred  compensation.    Mr.  Jackson’s  total  compensation  reported  for  2014  has  increased   to  $1,784,456,  including  deferred  compensation.    This  is  $242,099  or  13.6%  greater  than  Mr.  Jackson’s  2013  compensation.         2. The  number  of  SHRM  employees  during  2014  was  384,  a  decrease  of  26,  a  6.3%  decrease  from  2013.    Selective  layoffs  were   executed,  presumably  because  of  deteriorating  business  conditions.   3. The  number  of  SHRM  volunteers  increased  to  8115,  an  8%,  increase  from  the  prior  year.     4. Reconciliation  of  net  assets:     2013   2014   Change   Total  revenue   $114,561,872   $113,021,588   -­‐$232.491                                                                                                                   1  As  of  this  date,  March  2016,  neither  the  IRS  nor  GuideStar  have  made  SHRM’s  990  available.  The  990  utilized  for  this  analysis  was  obtained  from  SHRM.    
  • 2. 2     Total  expenses   $109,664,067   $113,254,069   +$3,590,002   Revenue  less  expenses          $4,897,805   -­‐$232,481   $5,130,286   Net  Unrealized  gains  on  investments.2   $11,287,355   -­‐$5,697,055   $5,590,300   Net  assets  as  of  12/31/   $143,089,642     $126,578,384   $16,511,278   NOTES:   • Revenue  decreased  for  one  of  the  first  times.     • Expenses,  however,  increased  $3,590,002  over  2013  levels  for  a  3.3%  increase.     • 2014  net  operating  outcome  was  a  loss  of  almost  one  quarter  million  dollars.     • Total  net  assets,  including  losses  on  investments,  decreased  $16,511,278  or  11.5%.     • Member  dues  at  $45,076,237  were  only  39.9%  of  total  revenue,  down  from  the  2013  level  of  46.3%  of  total  revenue.      When   combined  with  the  Annual  Conference  revenue  that  accounted  for  21.5%  of  revenue,  almost  two  thirds  of  all  revenue  came   from  those  two  sources.     • Since  2008,  on  an  operational  basis,  SHRM  has  lost  $29,255,442  (losses  four  of  the  seven  years)  and  had  revenue  in  excess  of   expenses  of  only  $10,896,833.       5. Staff  compensation   a. Five  SHRM  executives  were  paid  greater  than  $500,000  during  2014.    They  were  Mr.  Jackson  (already  highlighted  as   compensated  at  greater  than  $1.7  million);  SHRM’s  General  Counsel,  Mr.  Henry  Hart  who  earned  $715,977,  Robert  Carr,   VP  Membership  and  Marketing  at  $684,450,  Debra  Cohen,  SVP  Knowledge  Development  who  earned  $542,735,  and  Brian   Dickson,  VP  Development  at  $505,055.     6. SHRM  Board  compensation   a. The  total  compensation  for  the  2014  Board  (excluding  Jackson)  was  $273,797.    The  highest  was  $38,797  reported  for  the   2014  Chair,  Ms.  Bette  Francis.                                                                                                                       2  Unrealized  gains  on  investments  is  the  IRS  requirement  for  nonprofits  to  report  the  current  value  of  investments,  not,  for  instance,  the  purchase   price.    Unrealized  means  the  stocks  are  not  sold,  but  the  current  value  of  all  investments  is  what  is  recognized  as  the  value  of  such  assets  on  SHRM’s   Balance  sheet.    It  does  not  reflect  operating  results.      
  • 3. 3     7. Legal  expenses:     a. At  almost  one-­‐half  million  dollars,  SHRM’s  legal  expenses  were  the  greatest  in  five  years  and  $229,865  or  88.1%  greater   than  2013.         ISSUE   2014   2013   2012   2011   2010     2009   2008   Number  of   employees   384   410   380   360   352   Not  reported   Not  reported   Total   number  of   volunteers   8115   7590   6743   7925   7240   Not  reported   Not  reported                   Income   Statement                 Program   service   revenue   $89,968,737   $94,150,876   $88,692,178   $83,840,039   $75,  311,  847   $68,123,996   $83,162,988   Investment   Income   $7,518,796   $7,081,350   $4,411,005   $8,201,572   $6,641,  419    Unknown    Unknown   Other   revenue   $15,534,055   $13,323,646   $11,138,259   $9,831,221   $11,834,645   $13,876,571   $14,938,418   Total   revenue   $113,021,588     $114,561,872   $104,241,441   $101,872,832   $93,787,911   $81,210,439   $87,656,236   Grants   $742,184   $1,130,906   $578,720   $625,871   $636,  300   $105,241   $433,364   Salaries  and   benefits   $50,034,026   $50,315,915   $47,217,853   $42,996,352   $40,124,333   $37,072,991   $36,313,800   Other   expenses   $62,477,859   $58,217,246   $55,429,533   $53,264,917   $56,259,873,   $52,721,900   $86,009,745   Total   expenses   $113,254,069   $109,644,067   $103,220,106   $96,887,140   $97,020,506   $89,900,132   $104,756,909  
  • 4. 4     Revenue   less   expenses   on   operating   basis.   -­‐$232,481   $4,897,805   $1,015,336   $4,985,692   (Note:  greater   than  $13   million  of   SHRM   Foundation   Assets  were   transferred  to   SHRM’s   Balance  Sheet3   -­‐$3,232,595   -­‐$8,689,693   $-­‐17,100,673     Balance  Sheet   2014   2013   2012   2011   2010   2009   Total  assets   $204,533,051   $206,668,817   $188,197,236   $174,854,31 2   $177,891,001   $169,837,291   Total  liabilities   $77,954,667   $63,579,175   $73,621,499   $67,943,531   $53,992,252   $48,581,080   Net  assets   $126,576,384   (includes   $5,697,055  in   unrealized  losses   on  investments.)     $143,069,642   (Note:  Includes   $11,287,355  in   “unrealized  gains   on  investments.  $     $114,575,737   Note:  Includes   $9,131,387  in   “unrealized   gains”  on   investments.   $106,910,78 1   $123,898,749   $121,256,211                                                                                                                                 3  As  announced  in  the  Independent  Auditors  Report  effective  January  1,  2011,  under  Financial  Note  5,  the  SHRM  Foundation  is  reported  as  being   consolidated  with  SHRM  and  its  subsidiaries  “due  to  common  control.”    A  result  of  this  decision  was  that  $13,883,662  –  all  of  the  SHRM  Foundation’s  assets   –  was  transferred  to  SHRM’s  Balance  Sheet.    SHRM  management  informs  us  this  is  an  administration  action  and  will  not  affect  the  operations,  decisions  or   spending  capabilities  of  the  SHRM  Foundation.  They  further  report  that  the  SHRM  Foundation  activities  and  reserves  show  up  only  for  GAAP  accounting   purposes  on  the  SHRM  audited  consolidated  financial  statement  –  not  in  the  Form  990.  (See:    SHRM  Consolidated  Financial  Statements  and  Supplemental   Information  for  Years  ending  December  31,  2010  and  2011.    http://www.shrm.org/about/reports/Documents/SHRM2011_2AUDITFinalFS.pdf.)  It  is  our   opinion  that  this  presumably  “one  time”  transfer  of  assets  does  not  permit  an  adequate  comparison  of  SHRM  financial  results  between  years  2010,  2011  and   2012.  Had  this  action  not  taken  place  SHRM  would  have  experienced  a  decrease,  not  an  increase  in  net  assets,  as  reported  for  2011.    The  SHRM  Foundation,   as  a  501(c)(3),  must  file  its  own  IRS  form  990.  (See:  http://www.guidestar.org/FinDocuments/2011/346/610/2011-­‐346610067-­‐08e2f347-­‐9.pdf.)    
  • 5. 5     Major  sources  of   revenue               Membership  dues   $$45,076,273   $43,596,380   $42,203,407   $39,089,271   $35,453,590     Annual  conference   $24,267,105   $26,907,199   $24,259,923   $23,668,997   $19,770,344     Advertising   $$10,  215,883   $12,415,181   $12,394,780   $12,535,746   $12,066,604     Seminars   $6,562,799   $7,278,160   $6,094,000   $5,163,875   $4,865,451     Other  conferences   $3,811,465   $3,941,848   $3,704,527   $3,352,207   $3,029,720     All  other  program   service  revenue   $35,212   $12,108   $35,541   $29,943   $126,138     Total   $89,968,737   $94,150,  876   $88,692,178   $83,840,039   $75,311,847                   Major  expenses  -­‐   Staffing               Compensation  of   current  officers,   directors,  trustees   and  key   employees   $10,043,082   $9,110,543   $7,128,791   $7,123,641   $8,054,355     Other  salaries  and   wages   $29,039,683   $28,776,644   $27,212,277   $25,473,134   $23,429,188     Pension  plan   contributions   including  401(k)   $3,744,573   $6,031,910   $7,021,684   $5,072,525   $3,618,900     Other  employee   benefits   $4,779,407   $4,067,546   $3,579,439   $3,211,957   $2,986,350                   Other  major   expenses:   2014   2013   2012   2011   2010     Legal  expenses     $490,667   $260,802   $292,852   $399,509   $184,198     Accounting   expenses   $78,005   $176,904   $95,364   $122,290   $107,555    
  • 6. 6     Lobbying   expenses     $376,849   $354,669   $334,555   $319,092   $208,514     Investment   management  fees   $573,028   $496,216   $480,286   $264,423   $347,293     Advertising  and   promotion   expenses   $6,576,149     $3,004,434   $4,864,223   $5,796,295   $6,746,619     Office  expenses     $9,123,293   $9,037,285   $8,929,517   $8,750,596   $9,130,480     Information   technology   expenses   $3,011,914   $2,  962,280   $2,579,693   $2,565,008,   $2,433,148     Travel  expenses   $3,640,708   $2,653,094   $2,675,192   $2,438,583   $2,429,767     Conferences  and   meetings  expenses   $11,609,891   $13,431,588   $11,962,082   $11,193,071   $9,785,307                   Chapter  support   $1,610,408   $1,634,518   $1,635,250   $1,772,778   $1,378,853                   Investments                 Investments  –   public  traded   securities   $117,582,795   $121,091,437   $107,527,304   $103,657,02 0   $100,651,040     Investments  –   other  securities   $21,345,968   $21,712,328   $18,525,564   $14,689,859   $21,916,536                   Activities  outside   the  United  States     2013   2012   2011   2010   2011   South  Asia  -­‐  total   expenditures   (India)   $750,000   Maintains  three   offices  with   approximately  31   employees  and   $3,000,000   SHRM  India   maintains  three   offices  with   approximately  33   $3,101,647   (Note:  India  has   1893  SHRM   members,  an   increase  of  20%   $5,002,175   $2,500,000     In  2010  SHRM   reported   SHRM  India   The  2011  SHRM   Member   Directory  at  the   time  of  this   analysis  
  • 7. 7     independent   contractors.   employees  and   independent   contractors.   over  2011.       However,  each   India  member’s   cost  is,  at  $1638   each,   unacceptably   high.   has  three   offices  and  21   employees  or   contractors.   The  SHRM   Member   Directory  at   the  time  of  this   analysis   indicates  there   are  2,130   members  in   India  for  a  cost   of   approximately   $1,178  per   member   indicates  there   are  only  1,359   members  in   India,  a  36%   decrease  from   the  prior  year.       East  Asia  and  the   Pacific  -­‐  total   expenditures   (China)   $25,528   Maintains  one   office  with  four   employees.   $85,556   SHRM  China   maintains  one   office  with   approximately  4   employees   $278,713   After  several   years  of  effort,   the  SHRM   Member   Directory  at  the   time  of  this   analysis  (2014)   reports  there   were  only  314   members  in   China,  an   increase  from   the  226  reported   last  year.  The   $283,894   $331,346      
  • 8. 8     average  2012   cost  per  member   was  $888.   Mexico  and   Canada  –  total   expenditures   $29,356   $270,914   $24,821   $5,403   $40,871     Europe  including   Iceland  and   Greenland  -­‐  total   expenditures   $51,424   $116,171   None  reported     None   reported   $1,065     Middle  East  –&   North  Africa   $57,891   Maintains  one   office  with   approximately  3   employees   $150,000   None  previously   reported           South  America     $5,000   $10,758   None  previously   reported         Sub-­‐Saharan   Africa     $9079   $340,505   None  previously   reported         Central  America  &   Caribbean     $2,000,000   $2,000,000   None  previously   reported         Total  investments   in  countries  other   than  the  United   States.     3,497,960   $5,932,904                         First  class,   business  class,   companion  travel,   housing   allowances  and  tax   Dollar  amount   not  disclosed.   A  total  of  16   people  received   various  First   Dollar  amount  not   disclosed.   A  total  of  20  people   received  various   First  Class  and   Dollar  amount   not  disclosed.     A  total  of  15   people  received   various  First   Dollar   amount  not   disclosed.   Dollar  amount   not  disclosed.   SHRM  has  an   employee  travel   policy   permitting   First/Business  
  • 9. 9     indemnification   payments   required  to  be   reported  to  the   IRS.   Class  and   Business  Class   travel  during   2014   Business  Class   travel  during  2013.       Class  and   Business  Class   travel  during   2012.       Class   international   travel  for  any   flight  5  hours  or   longer.       SHRM  has  a   Board  policy   allowing  all   Board  members   and  the  SHRM   CEO  to  fly  First   or  Business   Class  regardless   of  time  or   distance   required  –  a   very  generous   practice   compared  to   other  nonprofit   organizations.         2014   2013   2012   2011   2010     Highest   compensated   employees                 $500,000  or  more   Hank  Jackson,  CEO     Henry  Hart,   General  Counsel       $1,774,454       $715,977       $1,532,358       $612,822       $1,292,308       $559,158       $997,590       $490,133       $551,806       $357,603      
  • 10. 10     Robert  Carr,  VP   Membership  &   Marketing,       Debra  Cohen  VP   Knowledge   Development  and       Brian  Dickson,  VP   Development  at   $505,055.       $684,450       $542,735         $505,055     $520,430       $483,149         $419,931               $456,844         $373,506           $421,061           $360,724   12  executives   earned  $300,000  -­‐   $499,000                 Gary  Rubin   $355,424,   $488,113   $461,563   $465,202   $377,405     Mary  Mohney   $478,024   $426,555   $391,803           Jeff  Pon   $468,180   $408,759           Heidi  Byerly     $381,988   $342.353            Margo  Vickers     $380,418   $325,320            Mark  Schmit   (SHRM   Foundation)     $359,777             Leon  Rubis   $359,149             Michael  Aitken   $351,556   $321,084   $317,489   $318,364       Lisa  McConnell       $330,097               Elizabeth  Block   $323,087             Tim  Canny   $307,180             Alexandria  Alonso   $304,535                          
  • 11. 11     Reportable   Compensation  of   Board  members       2012   2011   2010     Henry  (Hank)   Jackson     $1,774,454   $1,532,358   $1,292,308           José  Berrios   Off  Board   $51,299   Past  Chair     $109,572   Chair   $35,000   $23,603     Jeffrey  Cava   $20,000   $20,300   $25,000   $20,000   $13,603     Bette  Francis   $38,797   $37,258   Chair   $35,000     $25,000   $23,603     Jorge  Consuegra   $20,000   $20,300   $20,000   $5000       James  Kaitz   0     $25,300   $25,000   $25,000   $13,603     Brian  Silva   Chair  designate     $30,000   $25,300   $20,000         Coretha  Rushing     $25,000   $25,300   $20,000         My-­‐Chau  Nguyen   $25,000   $20,300   $20,000   $10,000        Lori  Carlson   $20,000                     Jose  Tomas   $25,000   $20,300   $15,000         Lorio  Carlson   $20,000   $15,300           Jennifer  Pollino   $20,000   $20,300           David  Windly     $20,000   $20,300           Thomas  Derry   10,000  (as  of   August  2014)             Scott  Washburn   $20,000                   Conflict  of  interest  policy     A  special  part  of  IRS  form  990  is  Part  VI,  Section  B,  which  requires  SHRM  to  comment  on  their  conflict  of  interest  policy.    Their   lengthy  explanation  is  open  to  challenge,  specifically  with  regard  to  the  Board  initiating  and  approving  its  own  compensation  and  
  • 12. 12     benefit  programs,  inconsistent  with  association  practice,  Board  Source,  and  the  American  Society  of  Association  Executives   guidelines.       In  addition,  the  SHRM  Member  Discipline  process  consists  of  only  Board  members  initially  judging  members’  ethical  conduct,   including  any  complaints  against  their  fellow  SHRM  Board  members.    Previous  complaints  against  Board  Members  regarding   conflicts  of  interest  have  been  rejected  by  the  Board  Members  on  the  Review  Committee,  thus  pre-­‐empting  discussion  by  the   Hearing  Committee,  which  is  the  only  element  of  the  Member  Discipline  process  that  has  regular,  non-­‐Board  members  on  it.   Therefore,  conflict-­‐of-­‐interest  complaints  against  Board  Members  were  dismissed  by  Board  Members,  resulting  in  yet  another   serious  conflict  of  interest.    The  Board  has  been  aware  of  this  conflict  of  interest  for  approximately  five  years  and  has  done   nothing  to  rectify  it,  allowing  Board  Members  to  remain  completely  immune  to  any  member  discipline.             SHRM  Membership:     There  is  no  requirement  for  SHRM  management  to  report  SHRM’s  membership  to  the  Internal  Revenue  Service  on  the  IRS  990   reporting  form.     An  analysis  of  SHRM’s  situation  would  be  incomplete  without  a  reference  to  SHRM’s  membership.     As  indicated  below,  SHRMs  membership  has  increased  each  year  since  1990.    
  • 13. 13         However,  as  indicated  by  the  following  chart  the  percent  increase  in  SHRM  membership  has  decreased  rather  dramatically  during   the  past  several  years.        
  • 14. 14       The  question  is  whether  or  not  the  number  of  HR  professionals  in  the  profession  is  increasing  or  decreasing?      The  United  States   Department  of  Labor  reports  HR  jobs  are  increasing,  not  decreasing.    This  includes  HR  specialists  such  as  labor  relations  and   training  and  development  as  well  as  compensation  and  benefit  managers.       Percent  Change  in  Employment,  Projected  (2012-­‐2022)       Human  Resources  Managers     Total,  all  occupations     Management  occupations           13%   11%   7%     Note:  All  Occupations  include  all  occupations  in  the  U.S.  Economy.   Source:  U.S.  Bureau  of  Labor  Statistics,  Employment  Projections  program    
  • 15. 15     With  the  number  of  HR  professionals  increasing  there  should  be  a  good  opportunity  for  continued  SHRM  growth;  therefore,   current  membership  recruitment  efforts  should  be  reviewed  for  their  effectiveness.             Prepared  by  SHRM  Members  for  Transparency  volunteers         March  11,  2016                 File:  9990  IRS  SHRM  2014  Submission  Analysis  Feb  2016