2022-05-26T15:51:44-05:00 2021-12-31 135565207 KPMG LLP 1201 DEMONBREUN STREET SUITE 1100 NASHVILLE TN 37203 990 2021-01-01 940707299 NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC NATI 6158725800 53 CENTURY BOULEVARD STE 250 NASHVILLE TN 372143682 M DAWN SIMPSON VP/TREASURER 6158725800 2022-05-12 1 M DAWN SIMPSON 999009999 BAXTER WILDER P01212441 6152441602 2022-05-12 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z BRAD CLOSE 555 12TH ST NW STE WASHINGTON DC 20004 120581215 0 X WWW.NFIB.COM X 1949 CA NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT (SEE SCH O) 10 9 781 0 768473 0 2858747 2930042 83749001 96620977 2406228 5869691 3792463 3658907 92806439 109079617 444615 463492 0 0 63518421 71072585 468188 278395 0 18471022 19456001 82902246 91270473 9904193 17809144 58748789 77203691 67478289 56880825 -8729500 20322866 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 0 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 1 108 0 1 781 1 1 1 0 0 0 1 1 0 0 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 985759 0 55115 TOM BRYCE CHAIRMAN 1.00 0.75 X 36000 0 249 SAM CHAMBERLAIN DIRECTOR 1.00 0.75 X 24000 0 249 MARIA DAVID DIRECTOR 1.00 0.75 X 24000 0 249 NEVIN GROCE DIRECTOR 1.00 0.75 X 24000 0 249 PATTI MELLARD DIRECTOR 1.00 0.75 X 24000 0 249 JOSE VILLA DIRECTOR 1.00 0.75 X 24000 0 249 STEVE SCHRAMM DIRECTOR 1.00 0.75 X 20111 0 249 DOUGLASS HENRY DIRECTOR 1.00 0.75 X 19200 0 249 JEFF READY DIRECTOR 1.00 0.75 X 19200 0 249 SHERRY WUEBBEN DIRECTOR 1.00 0.75 X 7000 0 62 TAMMY S BOEHMS SVP/CFO 37.00 3.00 X 570579 0 32671 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 37.00 3.00 X 569155 0 32908 JOHN CASELLA SVP 40.00 0.00 X 495691 0 55336 JANET CONNOR VP 40.00 0.00 X 318557 0 35281 ADAM TEMPLE VP 40.00 0.00 X 297850 0 47140 TIM FRANKE VP 40.00 0.00 X 278740 0 55062 JEFF SMITH VP/TREASURER/ACTING CFO 37.00 3.00 X 277854 0 43436 KEVIN KUHLMAN VP 40.00 0.00 X 246270 0 23589 CHRIS PITTS VP/ASST SECRETARY 37.00 3.00 X 210608 0 20502 MINDY KUBRIN FIELD SALES REP 40.00 0.00 X 426093 0 34763 ROBERT JOHNSON FIELD SALES REP 40.00 0.00 X 324739 0 34804 LYLE PAYNE FIELD SALES REP 40.00 0.00 X 308896 0 11656 JANET PAYNE FIELD SALES REP 40.00 0.00 X 275908 0 21392 VICKI WILLIS TELEPHONE REGION SALES DIR 40.00 0.00 X 262589 0 22296 6070799 0 528254 214 0 1 0 THE HERALD GROUP 1800 M ST NW STE 450 SOUTH WASHINGTON DC 20036 PUBLIC AFFAIRS 738000 FORMCO 2407 FELTS AVENUE NASHVILLE TN 37211 PRINTING 432924 ABILA INC 9620 EXECUTIVE CENTER DR N STE 200 ST PETERSBURG FL 33702 SOFTWARE SERVICE 360147 NATIONAL CAPITAL TELESERVICES LLC 300 5TH STREET NE WASHINGTON DC 20002 TELEMARKETING 284986 INDEED INC PO BOX 660367 DALLAS TX 75266 ADVERTISING/STAFFING 248741 16 2930042 2930042 MEMBERSHIP DUES 541900 96576972 96576972 REGISTRATION FEES 541900 44005 44005 96620977 825334 825334 2173616 2173616 562181 196817 365364 365364 47268 318096 16349138 11282024 22757 5067114 -22757 5044357 5044357 AFFILIATE MANAGEMENT INCOME 541900 657960 657960 OTHER INCOME 541800 277812 243022 34790 QUALIFIED SPONSORSHIP UNDER 513(I 541800 155700 155700 28455 28455 1119927 109079617 96863999 768473 8517103 463492 4472574 55938316 1098350 5338386 4224959 142816 124469 1343090 278395 128853 2053623 1043954 4859384 2154412 2966767 3296695 333873 12214 687641 308210 91270473 7638785 14285379 1510330 1158756 177865 182455 1399476 1518410 15910501 12336532 3971179 3573969 43052122 55256342 999032 1228380 58748789 77203691 47174261 37250834 20185399 19569631 118629 60360 67478289 56880825 X -8884937 19820392 155437 502474 -8729500 20322866 58748789 77203691 X 17809144 -539262 11782484 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44700 29700 15000 44700 1 REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F STREET NW STE 675 WASHINGTON DC 20004 050532524 15000 0 0 0 99065344 33812564 33812564 48845319 -15032755 PART I-A, LINE 1: NFIB PAID MEMBERSHIP DUES TO FEDERAL POLITICAL ORGANIZATIONS TO GAIN INSIGHT ON ISSUES RELEVANT TO ITS MEMBERS. 794900 794900 4649712 3494672 1155040 317280 185142 132138 7443545 6801160 642385 2705064 1855558 849506 3573969 DUE TO AFFILIATES 60360 60360 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, 2021 AND 2020. THE FEDERATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020. X X X X 1 NATIONAL CAPITAL TELESERVICES LLC 300 5TH ST NE WASHINGTON DC 20002 TELEMARKET FUNDRAISING 0 655948 278395 377553 655948 278395 377553 1 NFIB THE VOICE OF FREE ENTERPRISE INC 53 CENTURY BLVD STE 250 NASHVILLE TN 37214 273615830 501(C)(4) 0 405992 GENERAL SUPPORT REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F SREET NW STE 675 WASHINGTON DC 20004 050532524 527 0 15000 GENERAL SUPPORT JUNIOR ACHIEVEMENT OF MIDDLE TENNESSEE INC 120 POWELL PLACE NASHVILLE TN 37204 620582571 501(C)(3) 0 6000 GENERAL SUPPORT 1 2 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 1 0 BRAD CLOSE PRESIDENT 590261 0 300000 0 95498 0 12666 0 42449 0 1040874 0 0 0 TAMMY S BOEHMS SVP/CFO 357702 0 71000 0 141877 0 14208 0 18463 0 603250 0 0 0 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 444615 0 118600 0 5940 0 12611 0 20297 0 602063 0 0 0 JOHN CASELLA SVP 328008 0 160000 0 7683 0 13115 0 42221 0 551027 0 0 0 MINDY KUBRIN FIELD SALES REP 254087 0 170644 0 1362 0 10150 0 24613 0 460856 0 0 0 ROBERT JOHNSON FIELD SALES REP 184598 0 138361 0 1780 0 10150 0 24654 0 359543 0 0 0 JANET CONNOR VP 254402 0 57800 0 6355 0 13529 0 21752 0 353838 0 0 0 ADAM TEMPLE VP 261215 0 33700 0 2935 0 7198 0 39942 0 344990 0 0 0 TIM FRANKE VP 245381 0 28600 0 4759 0 14264 0 40798 0 333802 0 0 0 JEFF SMITH VP/TREASURER/ACTING CFO 236053 0 36000 0 5801 0 13629 0 29807 0 321290 0 0 0 LYLE PAYNE FIELD SALES REP 194133 0 112513 0 2250 0 0 0 11656 0 320552 0 0 0 JANET PAYNE FIELD SALES REP 159124 0 114917 0 1867 0 9736 0 11656 0 297300 0 0 0 VICKI WILLIS TELEPHONE REGION SALES DIR 216089 0 40000 0 6500 0 11271 0 11025 0 284885 0 0 0 KEVIN KUHLMAN VP 215000 0 28400 0 2870 0 8528 0 15061 0 269859 0 0 0 CHRIS PITTS VP/ASST SECRETARY 194294 0 12000 0 4314 0 7245 0 13257 0 231110 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 HAS NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS. PLAN PROVISIONS PROVIDE THAT ALL AFTER TAX BENEFITS 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. PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN NFIB PROVIDES A NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) THAT COVERS TAMMY S BOEHMS. ON OCTOBER 1, 2021, VESTED BENEFITS OF $1,391,957 WERE PAID TO THE PARTICIPANT. AT DECEMBER 31, 2021, THERE WERE NO ACTIVE PARTICIPANTS IN THIS PLAN. 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 AND OFFICER OF NFIB IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. 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. 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. PERIODICALLY, THE COMMITTEE ENGAGES 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 11,613,100. NET EQUITY GAIN FROM AFFILIATE ORGANIZATION 169,384. 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 169384 1111080 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 NFIB MEMBER SERVICES CORPORATION A 47268 FMV NFIB THE VOICE OF FREE ENTERPRISE INC B 405992 FMV NFIB MEMBER SERVICES CORPORATION L 627976 FMV NFIB SMALL BUSINESS LEGAL CENTER L 213457 FMV NFIB SMALL BUSINESS LEGAL CENTER N 105930 FMV NFIB SMALL BUSINESS LEGAL CENTER Q 247462 FMV NFIB MEMBER SERVICES CORPORATION Q 249618 FMV NFIB MEMBER SERVICES CORPORATION R 71494 FMV NFIB THE VOICE OF FREE ENTERPRISE INC R 241240 FMV