2024-06-18T12:08:39-05:00 2023-12-31 135565207 KPMG LLP 1201 DEMONBREUN STREET SUITE 1100 NASHVILLE TN 37203 990 2023-01-01 940707299 NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC NATI 6158725800 53 CENTURY BOULEVARD STE 250 NASHVILLE TN 372143682 DAWN SIMPSON VP/TREASURER 6158725800 2024-06-18 1 DAWN SIMPSON 999009999 0 BAXTER WILDER P01212441 6152441602 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRAD CLOSE 555 12TH ST NW STE WASHINGTON DC 20004 118294989 0 X WWW.NFIB.COM X 1949 CA NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT (SEE SCH O) 10 9 834 0 588070 0 2354411 2348382 98380246 105208161 1337410 2456612 3776703 3288875 105848770 113302030 428303 536504 0 0 71223644 97769590 338232 393458 0 23267560 24855729 95257739 123555281 10591031 -10253251 93908878 105926451 65166140 66641132 28742738 39285319 X PLEASE SEE SCHEDULE O 0 0 NFIB IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS SEVERAL HUNDRED THOUSAND SMALL AND INDEPENDENT BUSINESSES IN ALL FIFTY STATES. NFIB LOBBIES ON BEHALF OF SMALL AND INDEPENDENT BUSINESS AT THE FEDERAL LEVEL AND IN ALL FIFTY STATES. THROUGH ITS COMMUNICATION ACTIVITIES, NFIB ALSO PROVIDES ITS MEMBERS, ELECTED OFFICIALS, NEWS MEDIA AND THE GENERAL PUBLIC WITH INFORMATION REGARDING THE IMPORTANCE OF SMALL AND INDEPENDENT BUSINESS AND THE VALUE OF THE FREE ENTERPRISE SYSTEM. NFIB ALSO CONDUCTS RESEARCH ON SMALL BUSINESS POLICY-RELATED ISSUES AND ECONOMIC TRENDS. 0 1 1 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 91 0 1 834 1 1 1 0 0 0 1 1 0 1 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA FL X DAWN SIMPSON 6158725800 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 BRAD CLOSE PRESIDENT 37.00 3.00 X X 1064052 0 62018 SAM CHAMBERLAIN CHAIRMAN 1.00 0.75 X 36000 0 249 STEVE SCHRAMM DIRECTOR 1.00 0.75 X 25171 0 249 JEFF READY DIRECTOR 1.00 0.75 X 24427 0 249 JOSE VILLA DIRECTOR 1.00 0.75 X 24203 0 249 MARIA DAVID DIRECTOR 1.00 0.75 X 24081 0 249 PATTI MELLARD DIRECTOR 1.00 0.75 X 19200 0 249 NEVIN GROCE DIRECTOR 1.00 0.75 X 19200 0 249 ROB HOLT DIRECTOR 1.00 0.75 X 19200 0 249 DOUGLASS HENRY DIRECTOR 1.00 0.75 X 16200 0 249 TOM BRYCE DIRECTOR 1.00 0.75 X 2200 0 42 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 33.00 7.00 X 669371 0 30937 JOHN CASELLA SVP 40.00 0.00 X 542555 0 62991 ADAM TEMPLE SVP 40.00 0.00 X 479478 0 57660 JEFF SMITH SVP/CFO 37.00 3.00 X 426449 0 51630 TIM FRANKE VP 40.00 0.00 X 339592 0 63003 JANET CONNOR VP 40.00 0.00 X 355917 0 33944 CHRIS PITTS SVP/ASST SECRETARY 37.00 3.00 X 337699 0 27928 TIM GOODRICH VP 40.00 0.00 X 318803 0 46501 KIPP MALONEY VP 39.00 1.00 X 319346 0 35484 KEVIN KUHLMAN VP 40.00 0.00 X 316780 0 27083 DAWN SIMPSON VP/TREASURER 37.00 3.00 X 250512 0 35687 MINDY KUBRIN FIELD SALES REP 40.00 0.00 X 520705 0 40879 ROBERT JOHNSON FIELD SALES REP 40.00 0.00 X 346196 0 41699 LYLE PAYNE FIELD SALES REP 40.00 0.00 X 330592 0 17905 STEVEN LYON FIELD SALES REP 40.00 0.00 X 315007 0 24445 JAMIE BOKELMANN FIELD SALES REP 40.00 0.00 X 295264 0 11192 7438200 0 673269 248 0 1 0 PLUS COMMUNICATIONS 3001 WASHINGTON BLVD 7TH FL ARLINGTON VA 22201 ADVERTISING 1135498 PITNEY BOWES PRESORT SERVICES LLC PO BOX 6808 DEPT 008 CAROL STREAM IL 60197 PRESORT SERVICES 800765 NATIONAL CAPITAL TELESERVICES LLC 342 BROADWAY STREET THERMOPOLIS WY 82443 TELEMARKETING 412751 ABILA INC PO BOX 737451 DALLAS TX 75373 SOFTWARE SERVICE 310152 INDEED INC MAIL CODE 5160 PO BOX 660367 DALLAS TX 75266 ADVERTISING/STAFFING 298402 21 191959 2156423 2348382 MEMBERSHIP DUES 541900 105154721 105154721 REGISTRATION FEES 541900 53440 53440 105208161 2332677 2332677 1979678 1979678 608066 247103 360963 360963 41222 319741 4869791 4734121 11735 135670 -11735 123935 123935 AFFILIATE MANAGEMENT INCOME 541900 526848 526848 QUALIFIED SPONSORSHIP UNDER 513(I 541800 291900 291900 129486 109486 20000 948234 113302030 105317647 588070 5047931 536504 6167585 59945866 20380406 6687468 4588265 217035 151381 1348279 393458 167936 3035578 1879188 5086878 2038149 3073720 5770428 1012407 25397 720615 328738 123555281 13375289 18017688 860328 1013281 201642 217177 1358966 1297116 17363809 12889785 4731355 4474024 53999620 61947283 19381678 18959882 93908878 105926451 21907760 24833331 22068062 21696307 21190318 20111494 65166140 66641132 X 28606290 39148871 136448 136448 28742738 39285319 93908878 105926451 X -10253251 4079217 16716615 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 25000 25000 25000 1 REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F STREET NW STE 675 WASHINGTON DC 20004 050532524 15000 REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 250 WASHINGTON DC 20006 113655877 10000 0 0 0 107311144 48466922 48466922 52630689 -4163767 PART I-A, LINE 1: NFIB PAID MEMBERSHIP DUES TO FEDERAL POLITICAL ORGANIZATIONS TO GAIN INSIGHT ON ISSUES RELEVANT TO ITS MEMBERS. 794900 794900 4948559 3793693 1154866 338549 206323 132226 7467930 7109090 358840 3813871 1780679 2033192 4474024 ACCRUED INTEREST 223594 DUE FROM AFFILIATES 291591 DEPOSITS 177767 INVESTMENT IN AFFILIATES 1746265 RIGHT OF USE ASSETS 16520665 18959882 LEASE LIABILITIES 20012071 DUE TO AFFILIATES 99423 20111494 X PART X, LINE 2: ASC TOPIC 740 FOOTNOTE THE FEDERATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FEDERATION IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME. THE FEDERATION GENERATES INCOME FROM ADVERTISING ACTIVITIES RELATED TO DIGITAL PUBLICATIONS. ADVERTISING INCOME IS SUBJECT TO TAXATION UNDER SECTION 512 OF THE CODE. THE FEDERATION'S ADVERTISING INCOME GENERATED NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. THE FEDERATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. X X X X 1 NATIONAL CAPITAL TELESERVICES LLC 342 BROADWAY STREET THERMOPOLIS WY 82443 TELEMARKET FUNDRAISING 0 863525 393458 470067 863525 393458 470067 1 NFIB THE VOICE OF FREE ENTERPRISE INC 53 CENTURY BLVD STE 250 NASHVILLE TN 37214 273615830 501(C)(4) 499246 0 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF MIDDLE TENNESSEE INC 120 POWELL PLACE NASHVILLE TN 37204 620582571 501(C)(3) 6500 0 GENERAL SUPPORT REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F SREET NW STE 675 WASHINGTON DC 20004 050532524 527 15000 0 GENERAL SUPPORT REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 250 WASHINGTON DC 20006 113655877 527 10000 0 GENERAL SUPPORT 1 3 PART I, LINE 2: NFIB PROVIDED GRANTS TO AN AFFILIATED ORGANIZATION TO HELP FURTHER THE EXEMPT PURPOSE OF THAT ORGANIZATION. NFIB ALSO MADE CONTRIBUTIONS TO CHARITABLE AND OTHER EXEMPT ORGANIZATIONS WHICH SHARE IN NFIB'S MISSION TO PROMOTE AND PROTECT THE RIGHTS OF SMALL BUSINESSES AND USE OF THESE FUNDS IS MONITORED ACCORDINGLY. X X X 1 1 X X X X 0 0 0 BRAD CLOSE PRESIDENT 672028 0 276250 0 115774 0 14508 0 47510 0 1126070 0 0 0 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 495080 0 160480 0 13811 0 14889 0 16048 0 700308 0 0 0 JOHN CASELLA SVP 376176 0 156400 0 9979 0 15414 0 47577 0 605546 0 0 0 MINDY KUBRIN FIELD SALES REP 275681 0 208978 0 36046 0 11550 0 29329 0 561584 0 0 0 ADAM TEMPLE SVP 357396 0 119000 0 3082 0 11550 0 46110 0 537138 0 0 0 JEFF SMITH SVP/CFO 316396 0 102000 0 8053 0 16721 0 34909 0 478079 0 0 0 TIM FRANKE VP 283729 0 50920 0 4943 0 16256 0 46747 0 402595 0 0 0 JANET CONNOR VP 279024 0 65000 0 11893 0 14758 0 19186 0 389861 0 0 0 ROBERT JOHNSON FIELD SALES REP 199292 0 133690 0 13214 0 11550 0 30149 0 387895 0 0 0 CHRIS PITTS SVP/ASST SECRETARY 262023 0 64246 0 11430 0 11436 0 16492 0 365627 0 0 0 TIM GOODRICH VP 262346 0 49400 0 7057 0 11284 0 35217 0 365304 0 0 0 KIPP MALONEY VP 262624 0 51850 0 4872 0 11090 0 24394 0 354830 0 0 0 LYLE PAYNE FIELD SALES REP 201380 0 119710 0 9502 0 11550 0 6355 0 348497 0 0 0 KEVIN KUHLMAN VP 271384 0 42560 0 2836 0 10988 0 16095 0 343863 0 0 0 STEVEN LYON FIELD SALES REP 186562 0 116766 0 11679 0 11124 0 13321 0 339452 0 0 0 JAMIE BOKELMANN FIELD SALES REP 179329 0 108005 0 7930 0 10233 0 959 0 306456 0 0 0 DAWN SIMPSON VP/TREASURER 209455 0 38000 0 3057 0 8750 0 26937 0 286199 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS: UPON APPROVAL, A BOARD MEMBER'S COMPANION TRAVEL EXPENSES PAID BY NFIB ARE INCLUDED IN THE BOARD MEMBER'S FORM 1099 AS TAXABLE INCOME. UPON APPROVAL, AN EMPLOYEE'S COMPANION TRAVEL EXPENSES PAID OR REIMBURSED BY NFIB ARE INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS A TAXABLE FRINGE BENEFIT AND TREATED AS SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: NFIB PROVIDES THE PRESIDENT AN ANNUAL PAYMENT IN LIEU OF ANY SPECIAL ARRANGEMENT FOR ADDITIONAL EXECUTIVE RETIREMENT. THIS COMPENSATION ARRANGEMENT PROVIDES THAT THE PAYMENT BE GROSSED UP. CERTAIN SALES EMPLOYEES RECEIVE AN AWARD FOR REACHING ORGANIZATIONAL OBJECTIVES. COMPANY POLICY PROVIDES THAT ANY NONBUSINESS OR INCIDENTAL EXPENSES INCLUDED IN THE EMPLOYEES' WAGES BE GROSSED UP. DISCRETIONARY SPENDING ACCOUNT: AS PER COMPANY POLICY AND UPON APPROVAL, OFFICERS AND EXECUTIVE MANAGEMENT OF THE COMPANY RECEIVE CELLULAR PHONE/DATA SERVICE ALLOWANCE. IN COMPLIANCE WITH IRS CODE SECTION 132 THESE FRINGE BENEFITS ARE TREATED AS TAXABLE SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2. FORM 990, PART I, LINE 1: NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT THE RIGHTS OF ITS MEMBERS TO OWN, OPERATE AND GROW THEIR BUSINESSES. FORM 990, PART III, LINE 1: THE PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE: 1. TO PROMOTE THE ECONOMIC, FINANCIAL AND POLITICAL WELFARE OF ITS MEMBERS; TO ELEVATE THE PRESTIGE AND STANDING OF THE INDEPENDENT SMALL BUSINESS OWNER IN HIS/HER COMMUNITY; TO ORGANIZE THE INDEPENDENT OR SMALL BUSINESS OWNER INTO AN ASSOCIATION TO THE END THAT HIS/HER VOICE MAY BE HEARD EFFECTIVELY IN STATE AND NATIONAL AFFAIRS AFFECTING SMALL BUSINESS. 2. TO PRESERVE, PROTECT, PROMOTE AND DEVELOP THE AMERICAN SYSTEM OF PRIVATE ENTERPRISE BY PROMOTING AND DEVELOPING LAWS AND REGULATIONS HELPFUL AND BENEFICIAL TO, AND FOR THE PRESERVATION OF, SMALL BUSINESS. 3. TO CONDUCT POLLS AMONG ITS MEMBERS ON MATTERS OF IMPORTANCE CONCERNING AND AFFECTING SMALL BUSINESS AND ITS PROBLEMS, AND TO COLLECT, COMPILE AND DISSEMINATE INFORMATION OVER THE AIR AND THROUGH THE PRESS RELATING THERETO TO ITS MEMBERS AND THE GENERAL PUBLIC. 4. TO EXPOSE AND RESIST CORRUPTION IN GOVERNMENT AND TO SECURE HONESTY, EFFICIENCY AND ECONOMY IN NATIONAL, STATE, AND LOCAL GOVERNMENTS. 5. TO CARRY ON AN EDUCATIONAL CAMPAIGN AMONG ITS MEMBERS AND THE GENERAL PUBLIC AND IN THIS CONNECTION, TO PUBLISH MEMBER COMMUNICATIONS AND PROVIDE A WEBSITE FOR THE PURPOSE OF DISSEMINATING INFORMATION AND IDEAS TO ITS MEMBERS AND TO THE PUBLIC RELATING TO PROBLEMS VITAL AND OF INTEREST TO SMALL BUSINESS, WITH A VIEW TO LAWFULLY INFLUENCING THE PASSAGE OF LEGISLATION BENEFICIAL TO ITS MEMBERS AND THE GENERAL PUBLIC, AND THE DEFEAT OF LEGISLATION DEEMED TO BE INIMICAL TO SMALL BUSINESS AND THE GENERAL PUBLIC, AND FROM TIME TO TIME TO CIRCULATE ITS MEMBERSHIP AND TO SECURE THEIR SUBJECT MATTERS OF LEGISLATION AFFECTING SMALL BUSINESS. 6. TO FOSTER THE PROMOTION AND ADVANCEMENT OF CIVIC, COMMERCIAL, INDUSTRIAL AND POLITICAL WELFARE OF ITS MEMBERS IN THEIR RESPECTIVE COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS FOLLOWING AN INDEPENDENT AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS ("NFIB") AND ITS AFFILIATES, A DRAFT OF NFIB'S FORM 990 IS PREPARED. THIS FORM 990 GOES THROUGH A THREE-TIER INTERNAL MANAGEMENT REVIEW PROCESS. ANY QUESTIONS ARISING FROM THE INITIAL REVIEW ARE ADDRESSED TO ENSURE THE RETURN IS COMPLETE AND ACCURATE. ANY NECESSARY CHANGES/CORRECTIONS ARE MADE ON THE FORM 990 AND THE RETURN AGAIN GOES THROUGH NFIB'S INTERNAL REVIEW PROCESS. UPON APPROVAL OF THE SVP/CFO, THE RETURN IS REVIEWED BY THE CHAIR OF THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE FINAL RETURN IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY EVERY BOARD MEMBER, OFFICER, AND EMPLOYEE OF NFIB IS REQUIRED TO SUBMIT AN ANNUAL CODE OF CONDUCT & ETHICS CERTIFICATION TO THE CFO. ALL POTENTIAL CONFLICTS OF INTEREST, ETHICAL CONCERNS, AND LEGAL CONCERNS ARE ADDRESSED BY THE CFO WITH A REPORT GOING TO THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. ANY TRANSACTIONS DISCLOSED ARE REVIEWED BY THE CFO TO DETERMINE THE TYPE OF RELATIONSHIP, DOLLAR VALUE INVOLVED, AND TO BE CERTAIN THAT ALL TRANSACTIONS ARE AT ARMS LENGTH. NO BOARD MEMBER SHALL VOTE ON ANY MATTER IN WHICH THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION FOR OFFICERS: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND RECOMMENDING THE COMPENSATION FOR THE OFFICERS. THEIR COMPENSATION IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS. DELIBERATIONS OF COMPENSATION DETERMINATIONS ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE MEETING. THE ORGANIZATION'S PHILOSOPHY IS FOR EXECUTIVE COMPENSATION TO BE COMPETITIVE WITH THE MARKET IN ORDER TO ATTRACT, RETAIN, AND MOTIVATE QUALIFIED EMPLOYEES. ADDITIONALLY, INCENTIVE PAY IS LINKED TO THE ACHIEVEMENT OF ORGANIZATIONAL GOALS AND IS COMPETITIVE AND CONSISTENT WITH MARKET NORMS. IN 2022, THE COMMITTEE ENGAGED THE SERVICES OF OUTSIDE CONSULTING FIRMS TO PROVIDE EXPERT INFORMATION REGARDING INDUSTRY-WIDE COMPENSATION NORMS. FORM 990, PART VI, SECTION C, LINE 19 IT IS NFIB'S POLICY TO MAKE AVAILABLE FOR PUBLIC INSPECTION, UPON REQUEST, EITHER WRITTEN OR IN PERSON, ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9: CHANGE IN PENSION & POST RETIREMENT 16,212,903. NET EQUITY GAIN FROM AFFILIATE ORGANIZATION 503,712. NFIB SMALL BUSINESS LEGAL CENTER 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 621570449 PUBLIC LAW FIRM TN 501(C)(3) 12A-TYPE I NFIB 1 NFIB FEDERAL POLITICAL ACTION COMMITTEE 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 942532364 PAC CA 527 NFIB 1 NFIB THE VOICE OF FREE ENTERPRISE INC 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 273615830 SOCIAL WELFARE TN 501(C)(4) NFIB 1 NFIB MEMBER SERVICES CORPORATION 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 942899404 MEMBER BENEFIT CA NFIB C 503712 2030607 1.00000 1 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 NFIB THE VOICE OF FREE ENTERPRISE INC B 499246 FMV NFIB FEDERAL POLITICAL ACTION COMMITTEE C 191959 FMV NFIB MEMBER SERVICES CORPORATION L 504054 FMV NFIB SMALL BUSINESS LEGAL CENTER L 210479 FMV NFIB SMALL BUSINESS LEGAL CENTER N 138702 FMV NFIB SMALL BUSINESS LEGAL CENTER Q 229287 FMV NFIB MEMBER SERVICES CORPORATION Q 257783 FMV NFIB MEMBER SERVICES CORPORATION R 347100 FMV NFIB THE VOICE OF FREE ENTERPRISE INC R 275269 FMV