2024-05-10T15:15:13-05:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 131878953 NAFSA ASSOCIATION OF INTERNATIONAL EDUCATORS NAFS 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 FANTA AW CEO 2027373699 2024-05-09 1 FANTA AW 999009999 1 DANIEL O'SHEA P00957510 3016529100 2024-05-08 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z FANTA AW 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 23993199 0 X WWW.NAFSA.ORG X 1948 DC SEE SCHEDULE O 20 20 67 550 329597 121721 2598679 1100620 13583194 17351766 75422 182349 11210 11008 16268505 18645743 0 7932 0 0 6910226 7219942 0 0 271072 8180461 8875291 15090687 16103165 1177818 2542578 26361904 29691494 16391330 16458352 9970574 13233142 X SEE SCHEDULE O 0 0 4780570 7932 11268513 CONFERENCES - THE ASSOCIATION PROVIDES VARIOUS WORKSHOPS AND MEETINGS THAT SERVE AS A FORUM FOR THE LATEST DEVELOPMENTS IN INTERNATIONAL EDUCATIONAL EXCHANGE. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND OFFER A NETWORK FOR SHARING INFORMATION AS IT SEEKS TO INCREASE AWARENESS OF AND SUPPORT FOR INTERNATIONAL EDUCATION. IN 2022 NAFSA WAS ABLE TO RETURN TO AN IN-PERSON MEETING FOR ITS ANNUAL CONFERENCE AND FALL REGIONAL EVENTS WITH A 60% PRE-PANDEMIC RETURN RATE. THESE EVENTS REMAINED AS IN-PERSON MEETINGS IN 2023 WITH HIGH DEMAND AND A CONTINUED INCREASE TOWARDS PRE-PANDEMIC ATTENDANCE LEVELS. 4515436 3984287 MEMBER PROGRAMS AND SERVICES - REPRESENTS EXPENSES RELATED TO THE PROVISION OF PROFESSIONAL PRACTICE SUPPORT INFORMATION TO MEMBERS, THE COORDINATION AND COMMUNICATION OF MEMBERSHIP BENEFITS TO THE MEMBERS AND PROSPECTIVE MEMBERS, AND THE PROVISION OF EDUCATIONAL ACTIVITIES DESIGNED TO SUPPORT PROFESSIONAL DEVELOPMENT BY PROMOTING CORE COMPETENCIES, MID-LEVEL TRAINING NEEDS, AND LEADERSHIP SYMPOSIUM PROGRAMMING TO THE FIELD. 929439 18920 PUBLIC POLICY - REPRESENTS EXPENSES INCURRED TO LINK ASSOCIATION MEMBERS WITH CONGRESS AND FEDERAL AGENCIES, ADVOCATING FOR SUPPORT FOR THE EXCHANGE PROGRAMS, REMOVING BARRIERS TO EXCHANGE, AND INFORMING MEMBERSHIP OF GOVERNMENT ACTIONS AFFECTING EDUCATIONAL EXCHANGE. 1118493 1202206 REGIONAL PROGRAMS - REGIONAL PROGRAMS ARE COMPRISED PRIMARILY OF MEETING RELATED ACTIVITIES FOR SPECIFIC MEETINGS AND WORKSHOPS AT THE LOCAL LEVEL AS WELL AS TRAVEL ASSISTANCE FOR THE NEEDS OF NAFSA MEMBERS WITHIN THEIR RESPECTIVE GEOGRAPHIC AREAS. 739423 877840 PUBLICATIONS - THE ASSOCIATION MAINTAINS A WEBSITE AND PRODUCES VARIOUS PUBLICATIONS, MAGAZINES, AND NEWSLETTERS. THESE PUBLICATIONS REPRESENT THE ASSOCIATION'S COMMITMENT TO THE ONGOING ENHANCEMENT OF INTERNATIONAL EDUCATIONAL EXCHANGE. 1857916 2080046 12083361 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 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 68 0 1 67 1 1 1 1 CA 0 0 0 0 0 0 0 0 0 0 X 20 20 0 1 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MO MS NC ND NH NJ NM NY OK OR PA RI SC TN UT VA WI WV X X X GILBERT DEANS CFO 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 SHABEER H AMIRALI BOARD MEMBER 1.00 X 0 0 0 STEPHEN K APPIAH-PADI PHD BOARD MEMBER 1.00 X 0 0 0 HEATHER BARCLAY HAMIR PHD SECRETARY 1.00 X X 0 0 0 LANITRA M BERGER PHD PRESIDENT AND CHAIR 1.00 X X 0 0 0 NELSON W CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 SAMBA DIENG BOARD MEMBER 1.00 X 0 0 0 AHMAD M EZZEDDINE PHD VICE PRESIDENT 1.00 X X 0 0 0 LEE FEINSTEIN BOARD MEMBER 1.00 X 0 0 0 NANCY KIDD PHD TREASURER 1.00 X X 0 0 0 SHINN KO VICE PRESIDENT 1.00 X X 0 0 0 FERNANDO LEON-GARCIA PHD BOARD MEMBER 1.00 X 0 0 0 SAMANTHA LU BOARD MEMBER 1.00 X 0 0 0 FRANCISCO MARMOLEJO BOARD MEMBER 1.00 X 0 0 0 ANN MASON PHD BOARD MEMBER 1.00 X 0 0 0 JOANNA REGULSKA PHD VICE PRESIDENT 1.00 X X 0 0 0 FRANCIS RICCIARDONE BOARD MEMBER 1.00 X 0 0 0 LAWRENCE SCHOVANEC PHD BOARD MEMBER 1.00 X 0 0 0 MALAIKA MARABLE SERRANO PHD BOARD MEMBER 1.00 X 0 0 0 MUDDASSIR SIDDIQI EDD BOARD MEMBER 1.00 X 0 0 0 JULIE SINCLAIR PHD BOARD MEMBER 1.00 X 0 0 0 DANIEL STOLL INTERIM CEO (UNTIL MARCH 2023) 35.00 X 0 0 0 FANTA AW EXECUTIVE DIRECTOR & CEO 35.00 X 350014 0 30405 TATIANA MACKLIFF DEP. E.D., LPDS, ASST. SECRETARY 35.00 X 159574 0 25037 JANE HOFFMAN CFO, ASSISTANT TREASURER (OUTGOING) 35.00 X 78893 0 5171 GILBERT DEANS DEPUTY EXECUTIVE DIRECTOR, CFO 35.00 X 103982 0 20921 DOROTHEA ANTONIO DEPUTY EXECUTIVE DIR., KNOWLEDGE DEVELOPMENT 35.00 X 161524 0 22748 DAVID FOSNOCHT DIRECTOR, IMMIGRATION PRACTICE RESOURCES 35.00 X 146924 0 45023 JAMES MAHONEY SR. DIR., MARKETING & MEMBERSHIP 35.00 X 145669 0 22215 JOANN NG HARTMANN SENIOR IMPACT OFFICER 35.00 X 146641 0 20731 JILL ALLEN MURRAY DEPUTY EXECUTIVE DIR., PUBLIC POLICY 35.00 X 151981 0 45542 JENNY HEINRITZ CONTROLLER/SR. DIRECTOR OF FINANCE 35.00 X 148325 0 39961 ESTHER BRIMMER DPHIL FORMER EXECUTIVE DIRECTOR & CEO 35.00 X 116370 0 819 1709897 0 278573 23 1 1 0 FREEMAN 9900 BUSINESS PARKWAY LANHAM MD 20706 CONFERENCE AV, DECORATING, PRODUCTION 956912 MARCUM LLP 1899 L STREET NW WASHINGTON DC 20036 ACCOUNTING/HUMAN RESOURCE SERVICES 307205 LEVY RESTAURANTS NATIONALS PARK 1500 SOUTH CAPITOL STREET SE WASHINGTON DC 20003 CONFERENCE CATERING 220291 WASHINGTON CONVENTION & SPORTS AUTHORITY 801 MT VERNON PLACE NW WASHINGTON DC 20001 CONFERENCE FACILITY RENTAL 218560 SHERATON & LE MERIDIEN CHARLOTTE HOTELS 55 SOUTH MCDOWELL STREET CHARLOTTE NC 28204 REGION VII CONFERENCE 205201 15 94062 1006558 1100620 CONFERENCE 900099 11268513 11268513 MEMBER DUES 900099 2848160 2848160 REGIONAL ACTIVITY 900099 1202206 1202206 PUBLICATIONS 513190 1180967 851370 329597 WORKSHOPS 900099 851920 851920 17351766 182349 182349 5347456 5347456 0 11008 11008 11008 18645743 17033177 329597 182349 7932 7932 958269 500466 457803 4787769 3902294 820128 65347 279091 227475 47807 3809 754713 445372 201766 107575 440100 338453 96548 5099 64926 9967 50294 4665 200528 200528 18864 18864 721858 271527 424091 26240 513720 512405 6 1309 721048 175327 529725 15996 1286693 1016025 269742 926 819866 642566 148433 28867 404754 271770 132418 566 3624468 3558733 55062 10673 299892 101932 197960 120450 57962 62488 FULFILLMENT EXPENSES 43155 43155 UBIT EXPENSE 35069 35069 16103165 12083361 3748732 271072 2749446 8013721 2359399 3850196 1739658 153843 1194986 965012 3173390 1385325 2082065 1788065 8900027 8230094 209833 163491 7126490 6527072 26361904 29691494 704729 527591 80000 40000 4655127 5123009 10951474 10767752 16391330 16458352 X 9023272 12209580 947302 1023562 9970574 13233142 26361904 29691494 2542578 719990 0 X 0 1 X 1 0 X 4742787 4882534 4722231 5181110 3948780 23477442 16479067 1730946 4126740 11000763 14503606 47841122 21221854 6613480 8848971 16181873 18452386 71318564 0 0 0 71318564 434274 165277 98278 105372 182349 985550 23024 8857 60063 112455 96160 300559 457298 174134 158341 217827 278509 1286109 21059 951074 1425 9828 11008 994394 21700211 7738688 9008737 16409528 18741903 73599067 0.96900 0.96760 0.01750 0.01900 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2255 28563 30818 16072347 16103165 955158 238790 0 0 853199 750753 904534 955158 3463644 5195466 12189 38434 45021 30818 126462 213300 187688 226134 238790 865912 1298868 2991 2255 5246 924177 93260 1017437 1022424 -98247 924177 1054182 88242 120000 1022424 1010514 75668 32000 1054182 981703 118811 90000 1010514 0.00000 1.00000 0.00000 0 0 1736025 463618 1272407 527625 179362 348263 909740 742345 167395 1788065 457B DEFERRED COMPENSATION PLAN 405801 CURRENT PORTION OF LEASE LIABILITY 889437 LEASE LIABILITY 9472514 10767752 X 19346869 719990 719990 18626879 18864 18864 18645743 16084301 0 16084301 18864 18864 16103165 PART V, LINE 4: PER THE IRREVOCABLE TRUST AGREEMENT FOR THIS FUND, INCOME EARNED ON THE PRINCIPAL OF THE FUND IS TO PROVIDE FINANCIAL ASSISTANCE TO OUTSTANDING BURMESE OR EAST ASIAN STUDENTS ENROLLED OR PLANNING TO ENROLL IN GRADUATE SCHOOLS IN THE UNITED STATES, OR OUTSTANDING AFRICAN AMERICAN STUDENTS ENROLLED OR PLANNING TO ENROLL IN A STUDY ABROAD PROGRAM THROUGH AN ACCREDITED UNIVERSITY OR COLLEGE. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NAFSA AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NAFSA RECOGNIZES INTEREST AND PENALTIES EXPENSE RELATED TO UNCERTAIN TAX POSITIONS IN GENERAL AND ADMINISTRATIVE EXPENSES ON THE STATEMENTS OF ACTIVITIES AND ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. NAFSA REPORTED NO PENALTIES AND INTEREST RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. INCOME TAX EXPENSE RELATED TO UNRELATED BUSINESS TAXABLE INCOME WAS APPROXIMATELY $35,100 AND $42,500 FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY 1 RISE PROGRAM CONFERENCE ATTENDANCE ASSISTANCE 9 3330 4602 FMV AIRFARE TO/FROM WASHINGTON DC PART I, LINE 2: INDIVIDUALS MUST USE NAFSA'S TRAVEL AGENT TO PURCHASE AIRLINE TICKETS. A LISTING OF INDIVIDUALS AND TRAVEL PARAMETERS IS PROVIDED TO THE TRAVEL AGENT. PER DIEM (AS PER GSA RATES) IS PROVIDED TO PARTICIPANTS CLOSE TO THE TIME OF THE EVENT. PARTICIPANTS SIGN A DOCUMENT THAT THE PER DIEM IS REFUNDABLE IF THEY DO NOT ULTIMATELY ATTEND THE EVENT. X X X 1 0 0 0 0 0 0 1 0 FANTA AW EXECUTIVE DIRECTOR & CEO 326368 0 20000 0 3646 0 18279 0 12126 0 380419 0 0 0 JILL ALLEN MURRAY DEPUTY EXECUTIVE DIR., PUBLIC POLICY 151765 0 0 0 216 0 10185 0 35357 0 197523 0 0 0 DAVID FOSNOCHT DIRECTOR, IMMIGRATION PRACTICE RESOU 146037 0 0 0 887 0 9705 0 35318 0 191947 0 0 0 JENNY HEINRITZ CONTROLLER/SR. DIRECTOR OF FINANCE 147525 0 0 0 800 0 9510 0 30451 0 188286 0 0 0 TATIANA MACKLIFF DEP. E.D., LPDS, ASST. SECRETARY 159263 0 0 0 311 0 9681 0 15356 0 184611 0 0 0 DOROTHEA ANTONIO DEPUTY EXECUTIVE DIR., KNOWLEDGE DEV 160941 0 0 0 583 0 9732 0 13016 0 184272 0 0 0 JAMES MAHONEY SR. DIR., MARKETING & MEMBERSHIP 144901 0 0 0 768 0 8800 0 13415 0 167884 0 0 0 JOANN NG HARTMANN SENIOR IMPACT OFFICER 146375 0 0 0 266 0 9093 0 11638 0 167372 0 0 0 ESTHER BRIMMER DPHIL FORMER EXECUTIVE DIRECTOR & CEO 0 0 100000 0 16370 0 819 0 0 0 117189 0 0 0 PART I, LINE 4A IN 2023, THE FOLLOWING INDIVIDUALS RECEIVED A SEVERANCE OR CHANGE OF CONTROL PAYMENT: JANE HOFFMAN $45,000 PART I, LINE 7 IN 2023, THE FOLLOWING INDIVIDUALS WERE PAID PERFORMANCE BASED BONUSES: FANTA AW $10,000 IN 2023, THE FOLLOWING INDIVIDUALS WERE PAID AN INCENTIVE PAYOUT: ESTHER BRIMMER $100,000 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: NAFSA IS THE WORLD'S LARGEST AND MOST DIVERSE NONPROFIT ASSOCIATION DEDICATED TO INTERNATIONAL EDUCATION AND EXCHANGE, WORKING TO ADVANCE POLICIES AND PRACTICES THAT ENSURE A MORE INTERCONNECTED, PEACEFUL WORLD TODAY AND FOR GENERATIONS TO COME. FORM 990, PART I, LINE 6: ESTIMATE OF NON-DUPLICATIVE VOLUNTEER MEMBER LEADER POSITIONS AND ACTIVE VOLUNTEER TRAINERS OF THE ORGANIZATION. THIS NUMBER DOES NOT INCLUDE THE HUNDREDS OF VOLUNTEERS WHO WORK ON OUR BEHALF WITHIN THEIR LOCAL, STATE, AND INTERNATIONAL COMMUNITIES. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: NAFSA LEADS THE WAY IN ADVOCATING FOR A BETTER WORLD THROUGH INTERNATIONAL EDUCATION BY SERVING INTERNATIONAL EDUCATORS, THEIR INSTITUTIONS, AND THE PROFESSION, ADVANCING INTERNATIONAL EDUCATION IN INSTITUTIONS OF HIGHER EDUCATION, AND PROMOTING INTERNATIONAL EDUCATION AND THE POLICIES THAT SUSTAIN IT IN THE PUBLIC ARENA. THE ASSOCIATION HELPS DEFINE THE PROFESSION OF INTERNATIONAL EDUCATION BY ESTABLISHING PRINCIPLES OF GOOD PRACTICE AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. NAFSA ENCOURAGES NETWORKING AMONG PROFESSIONALS BY CONVENING PHYSICAL AND VIRTUAL CONFERENCES AND COLLABORATIVE DIALOGUES AND PROMOTES RESEARCH AND KNOWLEDGE CREATION TO STRENGTHEN AND SERVE THE FIELD. NAFSA SEEKS TO CONDUCT INTERNATIONAL EDUCATION IN SOCIALLY, ECONOMICALLY, AND ENVIRONMENTALLY SUSTAINABLE WAYS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT THAT IT SHALL HAVE NO AUTHORITY AS TO THE FOLLOWING MATTERS: (A) THE FILLING OF VACANCIES IN THE BOARD OF DIRECTORS; (B) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (C) THE AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS; (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; AND (E) THE REMOVAL OF DIRECTORS. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE SUBJECT TO RATIFICATION AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 NAFSA HIRED AN INTERIM CEO FOR THE PERIOD JANUARY 1, 2023 TO MARCH 12, 2023 THROUGH COLLEGIATE ENTERPRISE SOLUTIONS, LLC AS THE OLD CEO'S CONTRACT ENDED DECEMBER 31, 2022 AND THE NEW CEO STARTED ON MARCH 13, 2023. AS INTERIM CEO, DANIEL STOLL REPORTED DIRECTLY TO LANITRA BERGER, BOARD CHAIR AND PRESIDENT. HIS DUTIES INCLUDED OVERSEEING THE GENERAL MANAGEMENT OF SENIOR STAFF, WORKING CLOSELY WITH HR AND FINANCE TO ENSURE THE ORGANIZATION FULFILLED ITS STAFFING AND FIDUCIARY RESPONSIBILITIES, AND COMMUNICATING WITH THE BOARD OF DIRECTORS TO MANAGE THE LEADERSHIP TRANSITION. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CATEGORIES OF MEMBERS, VOTING MEMBERS AND NON-VOTING HONORARY MEMBERS. VOTING MEMBERS CONSIST OF INDIVIDUAL MEMBERS, GROUP MEMBERS, INTERNATIONAL MEMBERS, STUDENT MEMBERS, RETIRED PROFESSIONAL MEMBERS, AND NEW MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT ALL MEMBERS OF THE GOVERNING BODY IN ACCORDANCE WITH PROCEDURES SPECIFIED IN THE ORGANIZATION'S BYLAWS AND STANDING RULES. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES OF INCORPORATION VEST THE GOVERNANCE OF THE CORPORATION IN THE BOARD OF DIRECTORS, THOUGH THE ARTICLES OF INCORPORATION CAN BE AMENDED ONLY BY A 2/3RDS VOTE OF THE ASSOCIATION'S MEMBERS AT AN ANNUAL OR SPECIAL MEETING. MATTERS WHICH WOULD REQUIRE SUCH A VOTE WOULD BE A CHANGE IN THE NAME OF THE CORPORATION, ITS PURPOSE, QUALIFICATIONS OF MEMBERS, GENERAL STRUCTURE OF THE ASSOCIATION'S INTERNAL AFFAIRS, OR IN THE LIMITATIONS OF ACTIVITIES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. ANY QUESTIONS ABOUT THE RETURN ARE TO BE DIRECTED TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS MEETS WITH THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANTS, EXECUTIVE DIRECTOR, AND CHIEF FINANCIAL OFFICER TO REVIEW FORM 990 PRIOR TO FILING AND THEN REPORTS BACK TO THE FULL BOARD OF DIRECTORS AT ITS NEXT REGULARLY SCHEDULED MEETING. THE BOARD MEMBERS ARE PROVIDED AN OUTLINE CREATED BY THE SENIOR DIRECTOR OF FINANCE/CONTROLLER THAT IS USED TO GUIDE THEM THROUGH THE REVIEW PROCESS. THE OUTLINE SPECIFIES KEY AREAS OF THE RETURN THAT ARE DEEMED TO BE OF PARTICULAR IMPORTANCE TO THE REVIEW PROCESS. THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANT PROVIDES INFORMATION ON HOW THE FORM 990 IS PREPARED AND HOW IT RELATES BACK TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE STATEMENTS AND MONITORING COMPLIANCE WITH THIS POLICY. OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE CURRENTLY REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; AND D) UNDERSTANDS THAT NAFSA IS A CHARITABLE CORPORATION AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE NAFSA BOARD OF DIRECTORS CONSULTED COMPENSATION BENCHMARK DATA WHEN DETERMINING THE APPROPRIATE SALARY FOR THE HIRE OF THE CURRENT CEO/ED. IN KEEPING WITH PAST PRACTICE, THE EXECUTIVE COMMITTEE WILL CONSIDER THE SAME RANGE OF INCREASE FOR MERIT CONSIDERATION USED FOR OTHER NAFSA EMPLOYEES. EFFECTIVE JANUARY 1, 2023, STAFF ARE ELIGIBLE TO RECEIVE BETWEEN 2% AND 4% MERIT INCREASES, BASED ON PERFORMANCE. THIS GUIDELINE AND PERFORMANCE WILL BE USED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHEN AUTHORIZING FUTURE PAY INCREASES FOR THE CEO/ED. FORM 990, PART VI, SECTION B, LINE 15B: NAFSA ENGAGED AN OUTSIDE COMPENSATION CONSULTANT TO RECOMMEND METHODOLOGY FOR EVALUATING SALARIES BASED ON BENCHMARK DATA. THIS SERVES AS THE BASIS FOR NAFSA'S OVERALL COMPENSATION SYSTEM. SALARIES FOR OFFICERS ARE ALSO BENCHMARKED WITH ADDITIONAL OUTSIDE COMPENSATION SURVEYS TO ENSURE INTERNAL AND EXTERNAL EQUITY. COMPENSATION FOR OFFICERS IS REVIEWED BY HUMAN RESOURCES AND APPROVED BY THE EXECUTIVE DIRECTOR & CEO. NEW POSITIONS ARE EVALUATED BASED ON MARKET DATA TO ENSURE INTERNAL AND EXTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE THROUGH ITS WEBSITE. THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERS VIA A HANDOUT AT THE ANNUAL BUSINESS MEETING AND AN EMAIL WITH THE LINK TO THIS HANDOUT ON THE ORGANIZATION'S WEBSITE IS SENT YEARLY TO ALL CURRENT MEMBERS OF RECORD. THREE YEARS OF AUDITED FINANCIALS AND TAX RETURNS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE