2023-05-12T15:46:24-05:00 2022-06-30 882730877 CHERRY BEKAERT ADVISORY LLC 6116 EXECUTIVE BLVD STE 600 ROCKVILLE MD 20852 990 2021-07-01 521512323 NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS INC NATI 7034652700 1525 WILSON BLVD 700 ARLINGTON VA 22209 PEGGY L BROOKINS NBCT PRESIDENT & CEO 7034652700 2023-05-12 1 PEGGY BROOKINS NBCT 999009999 RAYMOND BARBAGALLO P00173692 3015899000 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z PEGGY L BROOKINS NBCT 1525 WILSON BLVD 700 ARLINGTON VA 22209 20882914 0 X WWW.NBPTS.ORG X 1987 DE THE FOUNDING MISSION OF THE NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS IS TO ADVANCE THE QUALITY OF TEACHING AND LEARNING BY: MAINTAINING HIGH AND RIGOROUS STANDARDS FOR WHAT ACCOMPLISHED TEACHERS SHOULD KNOW AND BE ABLE TO DO; PROVIDING A NATIONAL VOLUNTARY SYSTEM CERTIFYING TEACHERS WHO MEET THESE STANDARDS; AND ADVOCATING RELATED EDUCATION REFORMS TO INTEGRATE NATIONAL BOARD CERTIFICATION IN AMERICAN EDUCATION AND TO CAPITALIZE ON THE EXPERTISE OF NATIONAL BOARD CERTIFIED TEACHERS. 29 29 45 0 0 0 1898377 4310560 1269897 16535364 10195 16932 9531 20058 3188000 20882914 0 43225 0 0 2767393 5387916 0 0 1147047 2499538 14906468 5266931 20337609 -2078931 545305 8282000 13315000 13117000 17631000 -4835000 -4316000 X THE FOUNDING MISSION OF THE NATIONAL BOARD FOR PROFESSIONAL TEACHING STANDARDS IS TO ADVANCE THE QUALITY OF TEACHING AND LEARNING BY: MAINTAINING HIGH AND RIGOROUS STANDARDS FOR WHAT ACCOMPLISHED TEACHERS SHOULD KNOW AND BE ABLE TO DO; PROVIDING A NATIONAL VOLUNTARY SYSTEM CERTIFYING TEACHERS WHO MEET THESE STANDARDS; AND ADVOCATING RELATED EDUCATION REFORMS TO INTEGRATE NATIONAL BOARD CERTIFICATION IN AMERICAN EDUCATION AND TO CAPITALIZE ON THE EXPERTISE OF NATIONAL BOARD CERTIFIED TEACHERS. 0 0 12219080 43225 15637000 STANDARDS AND ASSESSMENTSEE SCHEDULE O FOR COMPLETE DESCRIPTION 3306000 4325 POLICY, MOBILIZATION, AND OUTREACHSEE SCHEDULE O FOR COMPLETE DESCRIPTION 1962000 898364 EDUCATOR EFFECTIVENESSSEE SCHEDULE O FOR COMPLETE DESCRIPTION 17487080 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 73 0 1 45 1 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR AK CA CT FL GA HI IL KS KY MA MD MI MN MS NH NJ NM OK OR PA RI SC TN UT VA WA WI WV X MELISSA MARTIN 7034652700 1525 WILSON BLVD 700 ARLINGTON VA 22209 TRAVIS BRISTOL CHAIR 12.50 X 0 0 0 TERRY HOLLIDAY CHAIR 12.50 X 0 0 0 SARAH BROWN WESSLING VICE CHAIR 15.50 X 0 0 0 SHARON GALLAGHER-FISHBAUGH VICE CHAIR 15.50 X 0 0 0 MEGAN ALLEN DIRECTOR 5.00 X 0 0 0 HEATHER ANDERSON DIRECTOR 4.00 X 0 0 0 JAMES BROOKS DIRECTOR 4.00 X 0 0 0 ELIZABETH BROWN-DAVIS DIRECTOR 3.00 X 0 0 0 MELISSA COLLINS DIRECTOR 3.00 X 0 0 0 SHARIF EL-MEKKI DIRECTOR 3.00 X 0 0 0 KELLY ELDER DIRECTOR 5.00 X 0 0 0 TAN-A HOFFMAN DIRECTOR 4.00 X 0 0 0 TONIA HOLMES-SUTTON DIRECTOR 8.00 X 0 0 0 SHELLY KRAJACIC DIRECTOR 8.00 X 0 0 0 MAE JEMISON DIRECTOR 4.00 X 0 0 0 DAT LE DIRECTOR 7.00 X 0 0 0 DOUG LEA DIRECTOR 3.00 X 0 0 0 RENEE MIDDLETON DIRECTOR 4.50 X 0 0 0 KAREEM NEAL DIRECTOR 3.00 X 0 0 0 GAVIN PAYNE DIRECTOR 8.00 X 0 0 0 DAVID PICKLER DIRECTOR 6.50 X 0 0 0 TONI POLING DIRECTOR 4.00 X 0 0 0 REBECCA PRINGLE DIRECTOR 3.50 X 0 0 0 DAVID QUOLKE DIRECTOR 6.00 X 0 0 0 SHANNON RASMUSSEN DIRECTOR 3.50 X 0 0 0 MARY CATHRYN RICKER DIRECTOR 8.00 X 0 0 0 RODRIGO RODRIQUEZ-TOVAR DIRECTOR 3.00 X 0 0 0 LATONYA SIBLEY DIRECTOR 4.00 X 0 0 0 RANDI WEINGARTEN DIRECTOR 3.50 X 0 0 0 JOSE VILSON DIRECTOR 4.00 X 0 0 0 JULIANA URTUBEY DIRECTOR 3.00 X 0 0 0 PEGGY BROOKINS PRESIDENT & CEO 37.50 X 384096 0 12794 JOSEPH F DOCTOR CHIEF OPERATING OFFICER 37.50 X 264360 0 32305 KRISTIN HAMILTON VP STANDARDS & ASSESSMENTS 37.50 X 189960 0 22403 ELIZABETH SPRIGGS VP TECHNOLOGY 37.50 X 183897 0 15971 MICHAEL HARRIS VP FINANCE, PEOPLE & ADMIN (THRU NOV 2021) 37.50 X 196630 0 10129 ALEXANDRA MANE VP DEVELOPMENT (THRU DEC 2021) 37.50 X 177381 0 12285 CAROL EZELLE SR. DIRECTOR, PSYCHOMETRICS 37.50 X 171929 0 12988 MICHELLE ACCARDI DIRECTOR OF POLICY PARTNERSHIPS 37.50 X 141983 0 23427 MARCIA FOSTER DIRECTOR, PRODUCT & SERVICES 37.50 X 137941 0 33067 STACEY HICKS DIRECTOR, STATE ENGAGEMENT 37.50 X 137898 0 28809 1986075 0 204178 13 0 1 0 TIAA-CREF 601 13TH ST NW SUITE 700 WASHINGTON DC 20005 RETIREMENT ADMINISTRATION 476277 AMERICAN INSTITUTE FOR RESEARCH 1400 CRYSTAL DRIVE 10TH FLOOR ARLINGTON VA 222023289 DATA ANALYTICS 246488 VCHIEF 316 W WASHINGTON AVE STE 675 MADISON WI 53703 CONSULTING 189013 SQUADBUCK INC 7713 CARROLL AVENUE APT 1 TAKOMA PARK MD 20912 CONSULTING 181500 4 1026146 3284414 4310560 CANDIDATE FEES 611710 15637000 15637000 ATLAS/VOP FEES 611710 898364 898364 16535364 16932 16932 12775 12775 CREDIT CARD REBATE 900099 2958 2958 4325 4325 7283 20882914 16539689 0 32665 X 43225 43225 1071682 651705 259003 160974 3184964 1936820 769740 478404 25258 15360 6104 3794 456903 277849 110424 68630 649109 394732 156876 97501 23105 13776 5753 3576 80500 47997 20045 12458 127413 127413 2375189 2001552 175542 198095 16501 9838 4109 2554 527643 507970 11806 7867 79240 47246 19731 12263 471609 281190 117433 72986 78812 75746 2639 427 24614 14676 6129 3809 81386 48526 20265 12595 71817 42820 17883 11114 PEARSON FEE SHARE 10948639 10948639 20337609 17487080 1703482 1147047 717600 602000 6382400 5680000 5508000 108000 701000 493000 260000 2116000 1552000 581000 564000 8282000 13315000 489000 685000 10193000 15406000 750000 146000 800000 550000 885000 844000 13117000 17631000 X -6702000 -5784000 1867000 1468000 -4835000 -4316000 8282000 13315000 X 545305 -25914 -392 X 0 1 X 1 1 1 X 9283000 10014000 2847000 1898377 4310560 28352937 9283000 10014000 2847000 1898377 4310560 28352937 3359824 24993113 44000 96451 199184 17136 29707 386478 35138 41778 2567 79483 7283 7283 28826181 80768261 0.86700 0.88410 X FORM 990, SCHEDULE A, PART II DUE TO A CHANGE IN THE ENTITY'S YEAR END AND ITS ASSOCIATED SHORT YEAR FILING, THE INFORMATION PROVIDED FOR THE PUBLIC SUPPORT TEST ON SCHEDULE A, PART II, SECTIONS A AND B, LINE 1-13 CORRESPOND TO THE FOLLOWING PERIODS: 2021 - FISCAL YEAR ENDING 6/30/22 2020 - FISCAL YEAR ENDING 6/30/21 2019 - CALENDAR YEAR ENDING 12/31/2020 2018 - CALENDAR YEAR ENDING 12/31/2019 2017 - CALENDER YEAR ENDING 12/31/2018 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 127413 127413 20210195 20337608 1000000 250000 0 0 1000000 1000000 413300 1000000 3413300 5119950 87428 92986 77661 127413 385488 250000 250000 103325 250000 853325 1279988 PART I-A, LINE 1: NATIONAL BOARD CONDUCTS LOBBYING AT STATE LEVELS. NATIONAL BOARD DOES NOT ENGAGE IN POLITICAL OR CAMPAIGN ACTIVITIES. 1424000 -26000 43000 1355000 1443000 19000 1424000 1340000 92000 12000 1420000 1347000 -7000 1340000 1347000 1347000 1.00000 0 0 1238000 777000 461000 489000 425000 64000 389000 350000 39000 564000 DEFERRED RENT LIABILITY 844000 844000 X 20857000 -25914 -25914 20882914 0 20882914 20338000 392 392 20337608 0 20337608 PART V, LINE 4: TO PROVIDE SCHOLARSHIPS. PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY NBPTS AND RECOGNIZE A TAX LIABILITY IF NBPTS HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NBPTS AND HAS CONCLUDED THAT AS OF JUNE 30, 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABLITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NBPTS IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. NBPTS' RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. PART XII, LINE 2D - OTHER ADJUSTMENTS: ROUNDING TO THOUSANDS 392. 1 SCHOLARSHIPS FOR ASSESSMENTS OF TEACHER CERTIFICATIONS 39 43225 PART I, LINE 2: CANDIDATES THAT MEET THE SCHOLARSHIP QUALIFICATIONS ARE INVITED TO COMPLETE THE APPLICATION VIA EMAIL. THE SCHOLARSHIPS ARE AWARDED ON A FIRST-COME, FIRST-SERVE BASIS UNTIL FUNDING RUNS OUT. THE APPLICATIONS ARE TIMESTAMPED WHEN RECEIVED AND ALL CANDIDATES MUST PAY THE $75 REGISTRATION FEE BEFORE THE SCHOLARSHIP IS AWARDED. ONCE APPLICATIONS ARE RECEIVED, THEY ARE REVIEWED TO DETERMINE IF THE CANDIDATE MAY HAVE RECEIVED A SCHOLARSHIP IN THE PAST, IF THE EMPLOYER SCHOOL MEETS THE SCHOLARSHIP REQUIREMENTS, IF THE COMPONENT REQUESTED IS NOT A RETAKE AND THAT THE $75 REGISTRATION FEE WAS PAID. IF ALL REQUIREMENTS ARE MET, THE APPLICATION IS APPROVED AND THE CANDIDATE IS INFORMED USING THE DEDICATED EMAIL ADDRESS FOR THE NBPTS SCHOLARSHIP PROJECT. CANDIDATES ARE ALSO NOTIFIED IF THEY ARE NOT ELIGIBLE. THE INFORMATION IS THEN FORWARDED TO PEARSON, WHO HANDLES THE FACILITATION OF THE TESTING AND ASSESSMENT FUNCTIONS. PEARSON WILL APPLY THE COMPONENT FUND TO THE CANDIDATE'S ACCOUNT AND SUBMIT AN INVOICE TO NBPTS FOR THE DESIGNATED SCHOLARSHIP, BASED ON THE TM INFORMATION. THE CANDIDATE IS RESPONSIBLE FOR COMPLETING THE PURCHASE OF THE AWARDED COMPONENT AND SUBMITTING THAT COMPONENT PORTFOLIO BY THE SUBMISSION DEADLINE. NBPTS MONTORS THE COMPLETION OF THE SCHOLARSHIP PROCESS BY THE INVOICE SUBMITTED BY PEARSON, WHICH MAPS TO THE CANDIDATE WHO RECEIVED THE SCHOLARSHIP. X 1 1 X X 1 0 0 0 0 0 0 1 0 PEGGY BROOKINS PRESIDENT & CEO 343572 0 0 0 40524 0 0 0 12794 0 396890 0 0 0 JOSEPH F DOCTOR CHIEF OPERATING OFFICER 234360 0 30000 0 0 0 0 0 32305 0 296665 0 0 0 KRISTIN HAMILTON VP STANDARDS & ASSESSMENTS 174960 0 15000 0 0 0 0 0 22403 0 212363 0 0 0 MICHAEL HARRIS VP FINANCE, PEOPLE & ADMIN (THRU NOV 187880 0 8750 0 0 0 0 0 10129 0 206759 0 0 0 ELIZABETH SPRIGGS VP TECHNOLOGY 168897 0 15000 0 0 0 0 0 15971 0 199868 0 0 0 ALEXANDRA MANE VP DEVELOPMENT (THRU DEC 2021) 173881 0 3500 0 0 0 0 0 12285 0 189666 0 0 0 CAROL EZELLE SR. DIRECTOR, PSYCHOMETRICS 163196 0 8733 0 0 0 0 0 12988 0 184917 0 0 0 MARCIA FOSTER DIRECTOR, PRODUCT & SERVICES 132085 0 5856 0 0 0 0 0 33067 0 171008 0 0 0 STACEY HICKS DIRECTOR, STATE ENGAGEMENT 130783 0 7115 0 0 0 0 0 28809 0 166707 0 0 0 MICHELLE ACCARDI DIRECTOR OF POLICY PARTNERSHIPS 137359 0 4624 0 0 0 0 0 23427 0 165410 0 0 0 PART I, LINE 1A THE CEO'S EMPLOYMENT AGREEMENT EFFECTIVE 11/6/2017 INCLUDES A PROVISION FOR REIMBURSEMENT OF RENT EXPENSES. THE REIMBURSEMENT IS TAXABLE. PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE ANNUAL REVIEW PROCESS FOR THE CEO IS A PERFORMANCE EVALUATION FROM THE BOARD OF DIRECTORS BASED ON ANNUAL GOALS SET BY THE BOARD. THE BOARD CHAIR AND VICE CHAIR PROVIDE A SUMMARY OF THE EVALUATION TO THE CEO. CEO COMPENSATION INCREASES ARE DETERMINED BY THE ANNUAL GOALS BEING MET OR EXCEEDED. PART I, LINE 4A MICHAEL HARRIS, THE VP OF FINANCE, PEOPLE AND ADMIN THRU NOVEMBER 2021, RECEIVED $14,176 IN SEVERANCE PAY. ALEXANDRA MANE, THE VP OF DEVELOPMENT THRU DECEMBER 2021, RECEIVED $67,019 IN SEVERANCE PAY. PART I, LINE 7 OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED BONUSES. THE BONUS AWARD PROCESS IS A COMPONENT OF THE EMPLOYMENT AGREEMENT OFFER. THE BONUS AWARD EVALUATION IS AN ANNUAL PROCESS THAT INCLUDES A MIDDLE OF THE YEAR PERFORMANCE EVALUATION, END OF THE YEAR PERFORMANCE EVALUATION, AND REAL-TIME FEEDBACK LOOPS THROUGHOUT THE YEAR BETWEEN THE EMPLOYEE AND MANAGER. THE AMOUNT OF THE BONUS IS DETERMINED BY THE ORGANIZATION'S PERFORMANCE (AVAILABLE BONUS FUNDS) AND THE EMPLOYEE'S ANNUAL PERFORMANCE. FORM 990, PART III, LINE 4A ASSESSMENT AND DELIVERY: THE NATIONAL BOARD'S WORK IN THIS AREA FOCUSES ON THE DEVELOPMENT AND REVISION OF NATIONAL BOARD STANDARDS, WHICH ARE CREATED BY TEACHERS, FOR TEACHERS; AND THE REDESIGN AND OPERATION OF NATIONAL BOARD CERTIFICATION, THE PROFESSION'S PERFORMANCE ASSESSMENT FOR ACCOMPLISHED TEACHING. NATIONAL BOARD CERTIFICATION IS SIMILAR TO BOARD CERTIFICATION IN OTHER FIELDS, SUCH AS MEDICINE. A RIGOROUS, PERFORMANCE-BASED, PEER-REVIEW PROCESS ENABLES TEACHERS TO DEMONSTRATE THAT THEY MEET THE PROFESSION'S HIGHEST STANDARDS OF ACCOMPLISHED PRACTICE. DURING 2021-22, THE NATIONAL BOARD CELEBRATED MORE THAN 130,000 NATIONAL BOARD CERTIFIED TEACHERS (NBCTS) ACROSS THE COUNTRY. THESE ACCOMPLISHED EDUCATORS ARE ADVANCING STUDENT LEARNING AND ACHIEVEMENT, REPRESENTING ALL 50 STATES AND 25 CERTIFICATE AREAS, FROM PRE-K THROUGH 12TH GRADE. MORE THAN 2,000 TEACHERS WERE NEWLY AWARDED CERTIFICATES BASED ON THE REDESIGNED PROCESS NEAR THE END OF 2021. IN 2021, THE NATIONAL BOARD COMPLETED A MULTI-YEAR REDESIGN OF THE PROCESS FOR ACHIEVING AND MAINTAINING BOARD CERTIFICATION. THE CANDIDATE DEFERRAL INCOME (AS A RESULT OF THE COVID-19 PANDEMIC) OF APPROXIMATELY $956,000 WAS SHIFTED FROM 2021 TO 2022. FORM 990, PART III, LINE 4B POLICY, MOBILIZATION, AND OUTREACH: THE NATIONAL BOARD ENGAGES NATIONAL BOARD CERTIFIED TEACHERS ACROSS THE COUNTRY TO ADVANCE ACCOMPLISHED TEACHING AND TO SUPPORT THEIR LEADERSHIP ROLE IN ELEVATING THE PROFESSION. IN 2020, THE NATIONAL BOARD WORKED WITH MORE THAN 70 AFFILIATED NBCT NETWORKS, COMPRISED OF GROUPS OF NBCTS IN REGIONS AND STATES WORKING TO ADVANCE ACCOMPLISHED TEACHING IN AWARENESS, POLICY, AND PRACTICE. EACH SUMMER, THE NATIONAL BOARD ACADEMY BRINGS THESE ADVOCATES TOGETHER TO SHARE SUCCESSES AND PLAN FOR THE YEAR AHEAD. THE NATIONAL BOARD IS ACTIVE IN EDUCATION POLICY DISCUSSIONS AT THE FEDERAL, STATE, AND LOCAL LEVELS. THROUGH THESE POLICY EFFORTS, THE NATIONAL BOARD WORKS TO ENGAGE POLICY MAKERS IN BOARDS OF EDUCATION, STATE LEGISLATURES, CONGRESS AND NONPROFIT ASSOCIATIONS WORKING TO PROMOTE EXCELLENCE IN TEACHING AND LEARNING. FORM 990, PART III, LINE 4C EDUCATOR EFFECTIVENESS: THE NATIONAL BOARD UNDERTAKES STRATEGIC PROJECTS TO ADVANCE INNOVATION AND EQUITY TO MORE RAPIDLY BRING ACCOMPLISHED TEACHING TO STUDENTS WHO NEED IT MOST. THESE PROJECTS ARE FUNDED THROUGH A MIX OF FEDERAL AND FOUNDATION SOURCES. THE NATIONAL BOARD DEVELOPED ATLAS (ACCOMPLISHED TEACHING, LEARNING AND SCHOOLS), A MAJOR NEW RESOURCE DESIGNED TO HELP SPREAD ACCOMPLISHED TEACHING THROUGHOUT THE PROFESSION. ATLAS IS A UNIQUE ONLINE LIBRARY OF VIDEOS SHOWING NBCTS AT WORK IN THEIR CLASSROOMS, PAIRED WITH THEIR OWN WRITTEN COMMENTARY ON THEIR INSTRUCTION AND STUDENTS' LEARNING. THE NATIONAL BOARD HAS BUILT AND MAINTAINS PARTNERSHIPS WITH STATES, DISTRICTS, AND TEACHER PREPARATION PROGRAMS TO EMBED ATLAS AS A SUPPORT TO TEACHERS ACROSS THE EDUCATOR CAREER CONTINUUM. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL FIX ITS OWN RULES OF PROCEDURE. THE EXECUTIVE COMMITTEE HAS AND MAY EXERCISE ALL THE POWERS OF THE BOARD OF DIRECTORS DURING THE INTERVALS BETWEEN THE MEETINGS OF THE BOARD OF DIRECTORS, EXCEPT AS LIMITED SPECIFICALLY BY THESE BYLAWS, RESOLUTION OF THE BOARD OR APPLICABLE LAW. THESE POWERS INCLUDE, BY WAY OF EXAMPLE AND NOT LIMITATION: (A) CONDUCTING AND/OR SUPERVISING THE PRESIDENT'S PERFORMANCE EVALUATION, WHICH SHALL BE DONE ON AT LEAST AN ANNUAL BASIS; (B) REVIEWING RECOMMENDATIONS MADE TO THE BOARD FROM COMMITTEES AND COUNCILS PRIOR TO THE FULL BOARD'S DELIBERATION ON THEM TO ENSURE THEIR CONFORMANCE WITH BOARD POLICIES AND PROCEDURES, BUDGET GUIDELINES, AND TO RECOMMEND APPROVAL AND/OR ADDITIONAL ACTIONS AS DEEMED NECESSARY; AND (C) ANY OTHER DUTIES PROPERLY ASSIGNED TO IT BY THE BOARD OF DIRECTORS. THE FOLLOWING POWERS MAY NOT BE EXERCISED BY THE EXECUTIVE COMMITTEE AND ARE RESERVED FOR THE BOARD OF DIRECTORS: (A) SELECTION AND REMOVAL OF MEMBERS OF THE BOARD OF DIRECTORS OF THE CORPORATION; (B) AMENDMENT OF THE CERTIFICATE OF INCORPORATION OR BYLAWS; (C) CHANGE OF INSTITUTIONAL MISSION AND PURPOSES; (D) APPROVAL OF THE FINAL ANNUAL BUDGET; (E) APPROVAL OF COUNCIL RECOMMENDATIONS; AND (F) RECEIVE AND APPROVE THE ANNUAL AUDIT. THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF ELEVEN (11) DIRECTORS AND WHICH DIRECTORS SHALL MEET THE COMPOSITIONAL REQUIREMENTS SET FORTH BELOW. THE MEMBERS OF THE EXECUTIVE COMMITTEE SHALL BE THE CHAIR OF THE BOARD OF DIRECTORS (WHO SHALL CHAIR THE COMMITTEE), THE VICE CHAIR OF THE BOARD OF DIRECTORS, THE CHAIR OF THE FINANCE COMMITTEE, THE PRESIDENT, AND SEVEN (7) ADDITIONAL DIRECTORS (THE "AT LARGE MEMBERS"). FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE NATIONAL BOARD'S ACCOUNTING FIRM, WITH CLOSE COORDINATION OF THE FINANCE & ACCOUNTING DEPARTMENT. THE DRAFT RETURN IS THOROUGHLY REVIEWED BY THE CHIEF FINANCIAL OFFICER AND THE PRESIDENT & CEO BEFORE ACCEPTANCE FOR ELECTRONIC FILING. AT THE POINT AT WHICH THE RETURN CAN BE FILED, A COPY IS POSTED ON A SECURE WEB SITE FOR MEMBERS OF THE BOARD OF DIRECTORS TO VIEW. COMMENTS MAY BE ADDRESSED TO NBPTS STAFF BY MEMBERS OF THE BOARD OF DIRECTORS. AFTER THE COMMENT PERIOD, THE RETURN IS ELECTRONICALLY FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD OF DIRECTOR MEMBERS ANNUALLY RECEIVE A LIST OF SUBSTANTIAL VENDORS AND DISCLOSE ANY DEALINGS WITH OR INTERESTS IN THOSE VENDORS. BOARD MEMBERS ARE EXPECTED TO RECUSE THEMSELVES FROM ANY DELIBERATIONS OR VOTES WHERE A CONFLICT OF INTEREST MAY OCCUR. STAFF, INCLUDING THOSE WHOSE POSITIONS ARE AS CORPORATE OFFICERS, ARE NOT REQUIRED TO MAKE ANNUAL DISCLOSURES. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD CHAIRS WHO HAVE A FORMAL REVIEW PROCESS AND MAKE RECOMMENDATIONS ON SALARY/BONUS COMPENSATION. ALL OTHER EMPLOYEE COMPENSATION IS REVIEWED AGAINST INDUSTRY STANDARDS AND A FORMAL PERFORMANCE REVIEW PROCESS. THE ORGANIZATION'S FORMAL PERFORMANCE REVIEW PROCESS IS USED TO DETERMINE ADJUSTMENTS TO COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 INDIVIDUALS SEEKING A COPY OF THE BYLAWS MAY CONTACT NBPTS AND A COPY WILL BE SENT FREE OF CHARGE. THE CONFLICT OF INTEREST POLICY IS AN INTERNAL BOARD DOCUMENT AND IS NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO ENTITIES WHO HAVE VALID PURPOSE FOR OBTAINING SUCH INFORMATION. FORM 990, PART IX, LINE 11G ATLAS DEVELOPMENT AND OTHER: PROGRAM SERVICE EXPENSES 2,001,552. MANAGEMENT AND GENERAL EXPENSES 175,542. FUNDRAISING EXPENSES 198,095. TOTAL EXPENSES 2,375,189. FORM 990, PART XI, LINE 9: ROUNDING -392.