2022-11-14T16:45:32-06:00 2021-12-31 521855942 RSM US LLP 1250 H STREET SUITE 700 WASHINGTON DC 20005 990 2021-01-01 952237749 NATIONAL ASSOCIATION OF CONVENIENCE STORES NATI 7035184225 1600 DUKE STREET 7TH FL ALEXANDRIA VA 223143436 HENRY O ARMOUR PRESIDENT & CEO 7036843600 2022-11-14 1 HENRY ARMOUR XXX-XX-XXXX MEREDITH BELL P01696827 2022932200 2022-11-11 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z NACS HENRY O ARMOUR 1600 DUKE STREET 7TH FL ALEXANDRIA VA 223143436 65792366 0 X HTTPS://WWW.CONVENIENCE.ORG/ X 1961 VA TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY 30 29 78 300 2504722 22853 0 960239 15661477 50432693 6295801 5636240 -1106126 -228310 20851152 56800862 1744126 1770803 0 0 18833744 19433146 0 0 0 13273116 16035558 33850986 37239507 -12999834 19561355 61273357 81131547 11704579 12861895 49568778 68269652 X THE MISSION OF NACS IS TO REPRESENT THE CONVENIENCE AND PETROLEUM RETAILING INDUSTRY AND TO PROVIDE THE KNOWLEDGE, CONNECTIONS, AND ADVOCACY NECESSARY TO ASSIST OUR MEMBERS IN MAXIMIZING THEIR EFFECTIVENESS AND PROFITABILITY. 0 0 NACS HOLDS SEVERAL CONFERENCES AND EXHIBITS TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY. THE NACS SHOW IS THE PREMIER EXPO AND CONVENTION FOR THE CONVENIENCE AND FUEL RETAILING INDUSTRY, PRESENTING NUMEROUS EXHIBITS, WORKSHOPS, AND NETWORKING OPPORTUNITIES. NACS' GOVERNMENT RELATIONS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF NACS, LOBBYING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES ON ISSUES RELATING TO THE CONVENIENCE AND FUEL RETAILING INDUSTRY AS WELL AS KEEPING MEMBERS AND OTHER INTERESTED PARTIES UPDATED ON IMPORTANT LEGISLATIVE ISSUES. MEMBERSHIP REPRESENTS ACTIVITIES TO LEAD THE STRATEGIC DIRECTION OF MEMBERSHIP DEVELOPMENT, CUSTOMER INVOLVEMENT AND SATISFACTION, INDUSTRY IMAGE, AND THE IMPACT OF THESE DIRECTIONS ON INDUSTRY PERFORMANCE. INCLUDED WITHIN MEMBERSHIP ARE MEMBERSHIP DUES AS WELL AS PROGRAMMING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR. NACS HOLDS SEVERAL CONFERENCES TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY AS WELL AS VARIOUS EDUCATIONAL TOPICS. NACS' RESEARCH AND TECHNOLOGY ACTIVITY REPRESENTS ACTIVITIES RELATED TO THE ONGOING COMPETITIVE VIABILITY OF THE CONVENIENCE STORE INDUSTRY. PROJECTS INCLUDE: INDUSTRY BENCHMARKS, TECHNOLOGY IMPLEMENTATIONS, PRODUCTS THAT ENHANCE THE EFFICIENCY OF CHANNEL OPERATIONS, CUSTOMER METRICS, AND CONSUMER SHOPPING BEHAVIOR. THE RESEARCH AND TECHNOLOGY DEPARTMENT REPRESENTS ACTIVITIES RELATED TO THE ONGOING COMPETITIVE VIABILITY OF THE CONVENIENCE AND FUEL RETAILING INDUSTRY. RESEARCH PROJECTS INCLUDE INDUSTRY BENCHMARKS, RESEARCH STUDIES AND BENCHMARK AND FUELS CONFERENCES, INFORMATION ON ENHANCEMENT TO THE EFFICIENCY OF CHANNEL OPERATIONS, AND CUSTOMER METRICS. TECHNOLOGY INITIATIVES FOCUS ON INDUSTRY TECHNOLOGICAL INFORMATION ON ENHANCEMENT TO THE EFFICIENCY OF CHANNEL OPERATIONS, TECHNOLOGY AREAS THAT NEED TO BE CHANGED OR ENHANCED WITHIN THE INDUSTRY, THE CREATION AND IMPLEMENTATION OF TECHNOLOGY STANDARDS, AND A TECHNOLOGY CONFERENCE. FURTHERMORE, THE NACS STATE OF THE INDUSTRY SUMMIT PROVIDES OPPORTUNITIES FOR ATTENDEES TO LEARN THE LATEST AND BEST OPERATIONAL AND FINANCIAL PERFORMANCE STRATEGIES. INTERNATIONAL ACTIVITIES BENEFIT BOTH THE DOMESTIC AND INTERNATIONAL RETAILER AND SEEKS TO ENGAGE IN ACTIVITIES THAT LEAD NACS TO UNDERSTAND THE GLOBAL MARKETPLACE AND ENABLE DISCOVERIES TO BE APPLIED IN CONVENIENCE RETAILING AROUND THE GLOBE. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 119 0 1 78 1 1 1 0 0 0 1 1 0 1 0 X 30 29 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 0 X BRIAN KIMMEL 7035184225 1600 DUKE STREET 7TH FL ALEXANDRIA VA 223143436 HENRY ARMOUR PRESIDENT & CEO 39.00 1.00 X X 3385789 0 95353 KEVIN SMARTT CHAIRMAN (THRU 10/21), REMAINED DIRECTOR 1.00 2.00 X X 0 0 0 JARED SCHEELER CHAIRMAN (BEG 10/21) 1.00 1.00 X X 0 0 0 LISA DELL'ALBA OFFICER, VICE CHAIRMAN, MEMBER SERVICES 1.00 1.00 X X 0 0 0 BRIAN HANNASCH OFFICER, VICE CHAIRMAN, AT LARGE 1.00 1.00 X X 0 0 0 ANDY JONES OFFICER, VICE CHAIRMAN, LEGISLATIVE 1.00 1.00 X X 0 0 0 KEN PARENT OFFICER, VICE CHAIRMAN, STRATEGIC COMMUNICATIONS 1.00 1.00 X X 0 0 0 JOSE VICTOR PARDO PATERNO OFFICER, VICE CHAIRMAN, AT LARGE 1.00 1.00 X X 0 0 0 DONALD RICHARD RHOADS OFFICER, VICE CHAIRMAN, AT 1.00 1.00 X X 0 0 0 CHUCK MAGGELET OFFICER, VICE CHAIRMAN, RESEARCH & TECHNOLOGY 1.00 1.00 X X 0 0 0 JULIE JACKOWSKI DIRECTOR 1.00 0.00 X 0 0 0 CHRIS BAMBURY DIRECTOR 1.00 0.00 X 0 0 0 CHRIS COBORN DIRECTOR 1.00 0.00 X 0 0 0 FREDERIC CHAVEYRIAT DIRECTOR 1.00 0.00 X 0 0 0 ANDREW CLYDE DIRECTOR 1.00 0.00 X 0 0 0 GEORGE FOURNIER DIRECTOR 1.00 0.00 X 0 0 0 ANNE GAUTHIER DIRECTOR 1.00 0.00 X 0 0 0 VARISH GOYAL DIRECTOR 1.00 1.00 X 0 0 0 TERRY GALLAGHER DIRECTOR 1.00 0.00 X 0 0 0 DOUGLAS S HAUGH DIRECTOR 1.00 0.00 X 0 0 0 RAYMOND M HUFF DIRECTOR 1.00 0.00 X 0 0 0 INA M MATTHEWS DIRECTOR 1.00 0.00 X 0 0 0 CHARLES C MCILVAINE DIRECTOR 1.00 0.00 X 0 0 0 LONNIE MCQUIRTER DIRECTOR 1.00 0.00 X 0 0 0 GLENN M PLUMBY DIRECTOR 1.00 0.00 X 0 0 0 ROBERT RAZOWSKY DIRECTOR 1.00 0.00 X 0 0 0 JIGAR PATEL DIRECTOR 1.00 0.00 X 0 0 0 RICHARD WOOD III DIRECTOR 1.00 0.00 X 0 0 0 BRENT COTTEN SUPPLIER BOARD REPRESENTATIVES 1.00 0.00 X 0 0 0 KEVIN FARLEY SUPPLIER BOARD REPRESENTATIVES 1.00 0.00 X 0 0 0 DOUG KANTOR GENERAL COUNSEL 1.00 0.00 X 0 0 0 JOSEPH SHEETZ LIAISON (THRU 10/21) 1.00 0.00 X 0 0 0 JOSEPH M DEPINTO DIRECTOR (THRU 10/21) 1.00 0.00 X 0 0 0 BHAGDEEP S DHALIWAL DIRECTOR (THRU 10/21) 1.00 0.00 X 0 0 0 CHRISTINE HOGAN DIRECTOR (THRU 10/21) 1.00 0.00 X 0 0 0 WILLIAM B KENT DIRECTOR (THRU 10/21) 1.00 0.00 X 0 0 0 SYDNEY KIMBALL DIRECTOR (THRU 10/21) 1.00 0.00 X 0 0 0 RICK BRINDLE SUPPLIER BOARD REPRESENTATIVES (THRU 10/21) 1.00 0.00 X 0 0 0 FRANK GLEESON LIAISON (THRU 10/21) 1.00 0.00 X 0 0 0 BRIAN KIMMEL EXECUTIVE VICE PRESIDENT, COO & CFO 39.00 1.00 X 681750 0 87281 LYLE K BECKWITH SR. V.P., GOVERNMENT RELAT 40.00 0.00 X 705074 0 84890 LORI BUSS STILLMAN V.P., RESEARCH 40.00 0.00 X 461424 0 27790 ROBERT J HUGHES V.P., SUPPLIER RELATIONS & EXPOSITIONS 40.00 0.00 X 383626 0 95353 MICHAEL J DAVIS VICE PRESIDENT, MEMBER SERVICES 39.00 1.00 X 372927 0 89851 DOUGLAS STEPHEN KANTOR GENERAL COUNSEL 40.00 0.00 X 364615 0 45462 JOHN EICHBERGER EXECUTIVE DIRECTOR, TFI 35.00 5.00 X 350000 50000 37790 JOSEPH J LENARD V.P., STRATEGIC INDUSTRY INITIATIVES 40.00 0.00 X 275288 0 94897 ERIN PRESSLEY VICE PRESIDENT, EDUCATION & MEDIA 40.00 0.00 X 257550 0 73533 STEPHANIE SIKORSKI VICE PRESIDENT, MARKETING 40.00 0.00 X 250000 0 67350 ANNA READY BLOM DIRECTOR, GOVERNMENT RELATIONS 40.00 0.00 X 275384 0 65674 TED STEVEN ASPROOTH NATIONAL SALES MANAGER 40.00 0.00 X 241115 0 56885 JONATHAN TAETS DIRECTOR, GOVERNMENT RELATIONS 40.00 0.00 X 191100 0 58491 KIMBERLI L STEWART EDITORIAL DIRECTOR 40.00 0.00 X 184362 0 53179 PAIGE ANDERSON DIRECTOR, GOVERNMENT RELATIONS 39.00 1.00 X 184336 0 36411 8564340 50000 1070190 45 0 1 0 STEPTOE & JOHNSON LLP 1330 CONNECTICUT AVE NW WASHINGTON DC 20036 LEGAL SERVICES 1218577 DIGITAL BAZAAR INC 203 W ROANOKE STREET BLACKSBURG VA 24060 INTERNET TECHNOLOGY CONSULTING 860220 ROYLE PRINTING 745 S BIRD ST SUN PRAIRIE WI 53590 PRINTING SERVICES 415175 MASSACHUSETTS INSTITUTE OF TECHNOLOGY SL 100 MAIN ST CAMBRIDGE MA 02142 INNOVATION LEADERSHIP PROGRAM 393000 PROTECH ASSOCIATES INC 5457 TWIN KNOLLS RD STE 400 COLUMBIA MD 21045 AMS SYSTEM 385082 39 960239 960239 CONVENTIONS & EXPOS 900099 19766702 19433540 333162 NACS SHOW 900099 16199879 16199879 MEMBERSHIP DUES 900099 7239915 7239915 COMMITTEE REVENUE 900099 4933710 4933710 PUBLICATIONS 511120 2171560 2171560 120927 120927 50432693 1709048 1709048 2155352 2383662 -228310 -228310 -228310 10535034 6605591 2251 3929443 -2251 3927192 3927192 56800862 47927971 2504722 5407930 1770803 8325240 8505068 286308 820471 1496059 444143 84390 1187051 289922 940985 831878 680492 1077467 740667 1302644 4858278 266291 234126 PRINTING AND PUB 2707177 CREDIT CARD FEES & BANK 485500 CSX EXPENSE 53342 MISCELLANEOUS 5957 -154752 37239507 1383769 6312859 1099739 1290700 2358869 2006873 24559136 13879079 11349226 10680057 42999754 59759058 2082000 1082000 61273357 81131547 5118381 7566260 6586198 5295635 11704579 12861895 X 49568778 68269652 49568778 68269652 61273357 81131547 19561355 -860481 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED NACS PAC 1600 DUKE STREET 7TH FLOOR ALEXANDRIA VA 223143436 260047011 0 0 1 7239915 3843159 435036 4278195 3981953 296242 3513200 3513200 13882854 8965289 4917565 4334213 3266642 1067571 633659 467985 165674 2195210 1179163 1016047 10680057 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES INTERNATIONAL CONFERENCES - 1 UK BASED EMPLOYEE 299434 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES INTERNATIONAL CONFERENCES 54481 0 1 0 0 0 1 353915 0 353915 0 0 0 0 0 0 PART III ACCOUNTING METHOD: 1 THE FUELS INSTITUTE 1600 DUKE STREET SUITE 700 ALEXANDRIA VA 22314 462083021 501(C)(4) 200000 0 SUPPORT FOR PROGRAM SERVICES MERCHANTS PAYMENTS COALITION INC 1600 DUKE STREET SUITE 600 ALEXANDRIA VA 22314 202073250 150000 0 SUPPORT FOR ADVOCACY FOR FAIR SWIPE FEES AND TRANSPARENT PAYMENTS SYSTEM. CONEXXUS 1600 DUKE ST NO 700 ALEXANDRIA VA 22314 800078994 501 (C)(6) 20730 0 SUPPORT FOR PROGRAM SERVICES THE NACS FOUNDATION 1600 DUKE ST NO 700 ALEXANDRIA VA 22314 541723339 501 (C)(3) 1400073 0 SUPPORT FOR PROGRAM SERVICES 1 3 PART I, LINE 2: GRANTS ARE MADE TO PERSONS AND ORGANIZATIONS ON NEED AND MERIT BASED CRITERIA. X X X X 1 1 X X X X X X 0 0 0 HENRY ARMOUR PRESIDENT & CEO 2777094 0 608695 0 0 0 64500 0 41522 0 3491811 0 0 0 LYLE K BECKWITH SR. V.P., GOVERNMENT RELAT 699389 0 5685 0 0 0 64500 0 25935 0 795509 0 0 0 BRIAN KIMMEL EXECUTIVE VICE PRESIDENT, COO & CFO 675558 0 6192 0 0 0 56427 0 32786 0 770963 0 0 0 LORI BUSS STILLMAN V.P., RESEARCH 374866 0 86558 0 0 0 26100 0 5747 0 493271 0 0 0 ROBERT J HUGHES V.P., SUPPLIER RELATIONS & EXPOSITIO 375654 0 7972 0 0 0 64500 0 34466 0 482592 0 0 0 MICHAEL J DAVIS VICE PRESIDENT, MEMBER SERVICES 345235 0 27692 0 0 0 64500 0 30475 0 467902 0 0 0 JOHN EICHBERGER EXECUTIVE DIRECTOR, TFI 340000 50000 10000 0 0 0 17400 0 21525 0 388925 50000 0 0 DOUGLAS STEPHEN KANTOR GENERAL COUNSEL 364615 0 0 0 0 0 27332 0 19319 0 411266 0 0 0 JOSEPH J LENARD V.P., STRATEGIC INDUSTRY INITIATIVES 271556 0 3732 0 0 0 64044 0 33413 0 372745 0 0 0 ANNA READY BLOM DIRECTOR, GOVERNMENT RELATIONS 271006 0 4378 0 0 0 44285 0 21930 0 341599 0 0 0 ERIN PRESSLEY VICE PRESIDENT, EDUCATION & MEDIA 255615 0 1935 0 0 0 42680 0 32137 0 332367 0 0 0 STEPHANIE SIKORSKI VICE PRESIDENT, MARKETING 240712 0 9288 0 0 0 42000 0 25891 0 317891 0 0 0 TED STEVEN ASPROOTH NATIONAL SALES MANAGER 126839 0 114276 0 0 0 31534 0 28505 0 301154 0 0 0 JONATHAN TAETS DIRECTOR, GOVERNMENT RELATIONS 188442 0 2658 0 0 0 36699 0 22191 0 249990 0 0 0 KIMBERLI L STEWART EDITORIAL DIRECTOR 182814 0 1548 0 0 0 32788 0 21271 0 238421 0 0 0 PAIGE ANDERSON DIRECTOR, GOVERNMENT RELATIONS 182401 0 1935 0 0 0 11060 0 26231 0 221627 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS PERMITTED ON LONG-DURATION FLIGHTS IN ACCORDANCE WITH THE TERMS OF WRITTEN EMPLOYMENT CONTRACTS. IN CERTAIN INSTANCES, COMPANION TRAVEL IS PERMITTED AND TREATED AS A TAXABLE BENEFIT. CERTAIN CLUB DUES ARE PAID BY NACS IN ACCORDANCE WITH THE TERMS OF WRITTEN EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE ASSOCIATION SHALL BE SIX CLASSES: RETAIL MEMBER, SUPPLIER MEMBER, HONORARY MEMBER, LIFE MEMBER, INDIVIDUAL MEMBER, AND ALLIED MEMBER. A RETAIL MEMBER: AN INDIVIDUAL OR CORPORATION WITH ONE OR MORE OPERATING CONVENIENCE STORES MAY APPLY FOR MEMBERSHIP IN THE ASSOCIATION BY FILING WITH THE ASSOCIATION OFFICE AN APPLICATION TOGETHER WITH A CHECK TO COVER APPROPRIATE DUES. ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE VOTE. A SUPPLIER MEMBER: COMPANIES DEALING WITH THE CONVENIENCE STORE INDUSTRY MAY APPLY FOR PARTICIPATION AS A "SUPPLIER MEMBER." SUPPLIER MEMBERS WILL HAVE NO VOTING POWERS. NO SUPPLIER MEMBER OR ITS REPRESENTATIVE MAY SERVE AS AN OFFICER. SUPPLIER MEMBERS WILL BE REPRESENTED BY A SUPPLIER BOARD. THE CHAIRMAN AND CHAIRMAN-ELECT OF THE SUPPLIER BOARD SHALL BE VOTING MEMBERS OF THE NACS BOARD OF DIRECTORS. SUPPLIER MEMBERS WILL HAVE NO OBLIGATION OTHER THAN THEIR ANNUAL DUES AND SHALL NOT BE HELD LEGALLY RESPONSIBLE FOR ACTIONS OF THE NATIONAL ASSOCIATION OF CONVENIENCE STORES. HONORARY MEMBERSHIP: FOR RECOGNITION OF MERITORIOUS SERVICE TO THE RETAIL CONVENIENCE STORE INDUSTRY, AN HONORARY MEMBERSHIP IN THE ASSOCIATION, WITHOUT VOTING OR OFFICE-HOLDING POWERS, MAY BE GRANTED TO ANY PERSON UPON THE RECOMMENDATION OF ANY MEMBER OF THE BOARD OF DIRECTORS AND APPROVAL OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. SUCH HONORARY MEMBERSHIP SHALL BE FOR ONE YEAR UNLESS EXTENDED BY VOTE OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. LIFE MEMBER: ANY PAST PRESIDENT OR PAST CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ASSOCIATION WILL BE AN INDIVIDUAL MEMBER OF THE ASSOCIATION FOR LIFE. SUCH MEMBERSHIP IS NON-ASSIGNABLE, NON-TRANSFERABLE, AND PERSONAL IN NATURE. FOR RECOGNITION OF LONG-TERM, MERITORIOUS SERVICE TO THE CONVENIENCE STORE INDUSTRY, A LIFE MEMBERSHIP IN THE ASSOCIATION, WITHOUT VOTING OR OFFICE-HOLDING POWERS, MAY BE GRANTED TO ANY PERSON UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND APPROVAL OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. INDIVIDUAL MEMBER: AN INDIVIDUAL WHO IS ENGAGED IN THE CONVENIENCE OR CONVENIENCE AND PETROLEUM RETAILING INDUSTRY AS AN OWNER, EMPLOYEE, FRANCHISEE, SUPPLIER, CONSULTANT, OR ANY REASONABLE AFFILIATION WITH THE INDUSTRY, INCLUDING THE SPOUSE, PARTNER, OR GUEST OF ANY SUCH INDIVIDUAL IS ELIGIBLE FOR "INDIVIDUAL MEMBERSHIP." BENEFITS OF "INDIVIDUAL MEMBERSHIP" SHALL BE DETERMINED BY THE NACS BOARD OF DIRECTORS. ALLIED MEMBER: PETROLEUM MARKETING COMPANIES THAT MARKET THROUGH OTHER COMPANIES MAY APPLY FOR "ALLIED MEMBERSHIP". A COMPANY THAT MAY QUALIFY TO APPLY BOTH AS A RETAIL MEMBER AND AS AN ALLIED MEMBER SHALL BE CLASSIFIED AS A RETAIL MEMBER, AND THE GREATER OF THE DUES SCHEDULES SHALL APPLY. BENEFITS FOR THIS CATEGORY OF MEMBERSHIP SHALL INCLUDE AND BE LIMITED TO ACCESS TO NACS MEETINGS, EXHIBITING AT THE NACS SHOW, AND THE PURCHASE OF NACS PRODUCTS AND SERVICES AT THE NACS MEMBER RATES. FORM 990, PART VI, SECTION A, LINE 7A RETAIL MEMBERS: ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE (1) VOTE. FORM 990, PART VI, SECTION A, LINE 7B RETAIL MEMBER: ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE (1) VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY NACS' CFO AND CEO BEFORE IT IS FILED. IN ADDITION, THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM BEFORE THE FINAL VERSION IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BY ACCEPTING THE OPPORTUNITY TO SERVE NACS AS A MEMBER OF ITS BOARD OF DIRECTORS OR SUPPLIER BOARD, A NACS COMMITTEE OR TASK FORCE, STAFF, COUNSEL OR OTHER PROVIDER OF SERVICES, AN INDIVIDUAL ACKNOWLEDGES THAT THE CENTRAL INTEREST UPON WHICH NACS' EFFORTS ARE FOCUSED IS THAT OF RETAIL CONVENIENCE STORE OPERATORS AS A CLASS. UNDER ANY CIRCUMSTANCES IN WHICH AN INDIVIDUAL, SERVING IN THE PREVIOUSLY DESCRIBED CAPACITIES IS: 1) OBLIGED, BY EMPLOYMENT, INVESTMENT, OR OTHER DUTY, TO PROTECT OR PROMOTE AN INTEREST OTHER THAN THE INTERESTS OF RETAIL CONVENIENCE STORE OPERATORS, AS A CLASS OR NACS, AND 2) INVOLVED IN THE DEVELOPMENT OF A POSITION OR POLICY TO BE ADVOCATED BY NACS, THEN, THAT INDIVIDUAL SHALL: A) PROMPTLY DISCLOSE HIS OR HER ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AND B) RECUSE HIMSELF OR HERSELF FROM VOTING OR OTHER ACTION WHICH CAN RESULT IN THE FORMULATION OF THAT POLICY OR POSITION. UPON THE DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT, THE OTHER MEMBERS OF THE BOARD, COMMITTEE OR TASK FORCE SHALL DETERMINE WHETHER THAT INDIVIDUAL MAY PARTICIPATE IN ANY RELEVANT EXCHANGE OF VIEWS RELATING TO THE ISSUE WHICH GIVES RISE TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THIS POLICY ON THE PROCESS FOR DETERMINING COMPENSATION APPLIES TO THE COMPENSATION OF THE FOLLOWING PERSONS EMPLOYED BY NACS: A) THE PRESIDENT & CEO THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS BASED UPON AN EMPLOYMENT CONTRACT THAT HAS BEEN REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE ORGANIZATION. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE EMPLOYMENT CONTRACT IS BASED UPON DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. INCENTIVE COMPENSATION. A SUBSTANTIAL PORTION OF THE PERSON'S TOTAL COMPENSATION IS BASED UPON ACHIEVEMENT OF PERFORMANCE BENCHMARKS SET BY THE COMPENSATION COMMITTEE WHICH INCLUDES ACHIEVEMENT OF ANNUAL FINANCIAL GOALS AND THE RESULTS OF AN ANNUAL CEO PERFORMANCE ASSESSMENT SURVEY OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL SESSION WITH THE PERSON TO REVIEW PERFORMANCE, THE RESULTING PERFORMANCE BASED COMPENSATION AND ANY MODIFICATIONS OF GO FORWARD PERFORMANCE BENCHMARKS. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. B) OTHER OFFICERS OR KEY EMPLOYEES OF NACS: 1. REVIEW AND APPROVAL. THE INCOMING CHAIRMAN AND TREASURER OF THE ORGANIZATION REVIEW THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES OF NACS. THE BOARD OF DIRECTORS APPROVES THE TOTAL COMPENSATION BUDGET OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. FORM 990, PART VI, SECTION B, LINE 12C: ANY INDIVIDUAL MAY FILE A WRITTEN COMPLAINT, ON A CONFIDENTIAL BASIS, USING A COMPLAINT FORM. UPON RECEIPT OF A COMPLAINT FORM, THE COMPLAINT ADMINISTRATOR WILL (I) DATE STAMP THE COMPLAINT FORM; (II) DETERMINE WHETHER THE COMPLAINT PERTAINS TO A CONFLICT OF INTEREST; AND (III) ACKNOWLEDGE RECEIPT OF THE COMPLAINT FORM TO THE COMPLAINTANT AND SET A DATE FOR A HEARING USING THE ACKNOWLEDGEMENT OF COMPLAINT FORM. A HEARING WILL THEN TAKE PLACE VIA CONFERENCE CALL TO EVALUATE THE NATURE AND VALIDITY OF THE COMPLAINT. PARTIES INVOLVED IN THE HEARING ARE LIMITED TO THE COMMITTEE, ITS STAFF AND COUNSEL, THE COMPLAINTANT AND HIS/HER COUNSEL. THE COMMITTEE WILL ASK THE COMPLAINANT QUESTIONS TO DETERMINE WHETHER, BASED ON THE PREPONDERANCE OF THE EVIDENCE, IT IS MORE LIKELY THAN NOT THAT THE NACS CONFLICTS OF INTEREST POLICY HAS BEEN VIOLATED. WITHIN TEN CALENDAR DAYS FOLLOWING THE CONCLUSION OF THE COMPLAINANT'S HEARING, THE COMPLAINT ADMINISTRATOR WILL SEND NOTICE TO THE SUBJECT OF THE COMPLAINT INVITING HIM/HER TO RESPOND TO THE ACCUSATION EITHER AT A HEARING OR IN WRITING. WITHIN TEN BUSINESS DAYS OF THE EARLIER TO OCCUR OF: A) THE RESPONDENT'S INFORMING THE COMPLAINT ADMINISTRATOR OF HIS/HER DECISION TO HAVE A HEARING; B) RESPONDENT'S DELIVERY OF A WRITTEN RESPONSE; OR C) ELEVEN DAYS FOLLOWING THE DATE LISTED ON THE NOTICE OF COMPLAINT FILED, THE COMPLAINT ADMINISTRATOR WILL SEND NOTICE TO THE RESPONDENT USING THE RESPONSE LETTER FORM. IF A RESPONSE IS RECEIVED, THEN THE FULL COMMITTEE WILL CONDUCT A HEARING ON THE DATE SET FORTH ON THE RESPONSE LETTER, EITHER IN PERSON OR VIA CONFERENCE CALL TO EVALUATE THE RESPONSE. THIS HEARING WILL BE LIMITED TO THE COMMITTEE, ITS STAFF AND COUNSEL, AND THE RESPONDENT AND HIS/HER COUNSEL. THE RESPONDENT WILL HAVE THE OPPORTUNITY TO PRESENT RELEVANT EVIDENCE VERBALLY AND IN WRITING TO THE COMMITTEE. THE COMMITTEE WILL ASK THE RESPONDENT QUESTIONS TO DETERMINE WHETHER, BASED ON THE PREPONDERANCE OF THE EVIDENCE, IT IS MORE LIKELY THAN NOT, THAT A VIOLATION OF THE NACS CONFLICTS OF INTEREST POLICY HAS OCCURRED. THE COMMITTEE WILL WEIGH ALL OF THE EVIDENCE PRESENTED EQUALLY AND WILL MAKE A DETERMINATION BASED ON THE PREPONDERANCE OF THE EVIDENCE THAT IT IS MORE LIKELY THAN NOT A CONFLICT OF INTEREST EXISTS AND THE INDIVIDUAL DID NOT PROPERLY AND TIMELY DISCLOSE THE CONFLICT. IF IT IS DETERMINED THERE IS SUFFICIENT EVIDENCE A REPORT DRAFTED BY THE COMMITTEE WILL BE SUBMITTED TO THE ENTIRE BOARD OF DIRECTORS. ALL PARTIES WILL HAVE THE RIGHT TO PRESENT EVIDENCE AND TESTIMONY RELEVANT TO THE BOARD OF DIRECTORS IN ITS DELIBERATION OF THE COMPLAINT. IF IT IS DETERMINED THAT A VIOLATION HAS OCCURRED THEN THE BOARD OF DIRECTORS WILL DIRECT THE APPROPRIATE OFFICERS OF NACS TO IMPLEMENT REMEDIAL MEASURES SELECTED BY THE BOARD OF DIRECTORS. SUCH MEASURES MAY INCLUDE; TERMINATION OF RESPONDENT'S EMPLOYMENT, TERMINATION OF RESPONDENT'S PARTICIPATION IN NACS' GOVERNANCE ACTIVITIES; AND/OR TERMINATION OF RESPONDENT'S PROVISION OF SERVICES TO NACS. THE BOARD OF DIRECTORS IS THE ONLY AND FINAL AUTHORITY ON THE DISPOSITION OF A COMPLAINT WITH RESPECT TO VIOLATIONS OF THE NACS CONFLICTS OF INTEREST POLICY. CONVENIENCE LLC 1600 DUKE STREET ALEXANDRIA VA 22314 810716938 SUPPORT INITIATIVES THAT STRENGTHEN THE CONVENIENCE INDUSTRY VA 5942695 8785112 NACS THE NACS FOUNDATION 1600 DUKE STREET ALEXANDRIA VA 22314 541723339 EDUCATION AND RESEARCH VA 501 (C)(3) LINE 7 NACS 0 NACSPAC 1600 DUKE STREET ALEXANDRIA VA 22314 260047011 REPRESENTS THE INTERESTS OF CONVENIENCE STORES AND PETROLEUM MARKETING VA 527 N/A NACS 0 CONEXXUS 1600 DUKE STREET ALEXANDRIA VA 22314 800078994 MEMBERSHIP ORGANIZATION VA 501 (C)(6) N/A NACS 0 THE FUELS INSTITUTE 1600 DUKE STREET ALEXANDRIA VA 22314 462083021 SOCIAL WELFARE ORGANIZATION VA 501(C)(4) N/A NACS 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 CONEXXUS M 210000 FMV CONEXXUS O 44440 FMV FUELS INSTITUTE B 200000 FMV FUELS INSTITUTE O 816483 FMV THE NACS FOUNDATION B 1400073 FMV CONEXXUS B 20730 FMV THE NACS FOUNDATION C 960239 FMV