2021-05-16T17:06:26-05:00 2020-06-30 410746749 CLIFTONLARSONALLEN LLP 420 SOUTH ORANGE AVENUE SUITE 500 ORLANDO FL 32801 990 2019-07-01 522086855 NATIONAL BUSINESS OFFICERS ASSOCIATION INC NATI 2024077140 1400 I STREET NW NO 675 WASHINGTON DC 20005 JEFFREY SHIELDS PRESIDENT & CHIEF EXECUTIVE OFFICER 2024077140 2021-05-13 1 AMY CHAPMAN P00843460 4078021200 2021-05-13 2019 2022-09-23 18:48:47Z JEFFREY SHIELDS 1400 I STREET NW NO 675 WASHINGTON DC 20005 6079331 0 X WWW.NBOA.ORG X 1998 MD SUPPORT ALL ASPECTS OF INDEPENDENT SCHOOL BUSINESS OPERATIONS, EDUCATION & BEST PRACTICES. 21 21 20 87 207843 9667 345475 308560 5475939 5455861 119657 142535 110965 99836 6052036 6006792 0 0 0 0 2597306 2621151 0 0 106031 3142694 2963639 5740000 5584790 312036 422002 8180322 8778988 3051491 3196520 5128831 5582468 X NATIONAL BUSINESS OFFICERS ASSOCIATION (NBOA) SUPPORTS ALL BUSINESS OPERATIONS OF INDEPENDENT SCHOOLS, INCLUDING FINANCIAL OPERATIONS, FACILITIES MANAGEMENT, HUMAN RESOURCES AND INFORMATION TECHNOLOGY.NBOA DEVELOPS, DELIVERS AND PROMOTES BEST BUSINESS PRACTICES TO ADVANCE INDEPENDENT SCHOOLS AND PROVIDES EXCELLENCE IN EDUCATION SUPPORTED BY WORLD-CLASS BUSINESS OPERATIONS. 0 1 2177767 0 3679260 MEMBER SERVICES: 1,400 ASSISTED MEMBERS STREAMLINE BUSINESS AND STRATEGIC OPERATIONS THROUGH INFORMATION SHARING, EDUCATION, RESEARCH, ENHANCED COMMUNICATIONS, AND A POOLED PURCHASING PROGRAM AND AFFINITY PROGRAMS. 1660279 0 1568758 CONFERENCES AND MEETINGS: PROVIDES ITS MEMBERS PROFESSIONAL DEVELOPMENT, INFORMATION EXCHANGE AND NETWORKING ACTIVITIES. ATTENDEES LEARN FROM INDUSTRY EXPERTS, DISCOVER CUTTING-EDGE SOLUTIONS AND EXCEPTIONAL BEST PRACTICES. ATTENDEES MAY EARN CPE, SHRM, AND HRCI CREDITS FOR PARTICIPATION. 453321 0 9733 PUBLICATIONS: NBOA'S PUBLICATIONS (INCLUDING THE PRINT MAGAZINE "NET ASSETS", E-NEWSLETTER "NET ASSETS NOW AND WEB PAGE "NETASSETS.ORG") OFFER PRACTICAL, RELEVANT GUIDANCE TO KEY COMPONENTS OF THE BUSINESS OFFICE AND SOUND, COMPREHENSIVE BUSINESS-OFFICE PRACTICES IN KEY FINANCIAL AND OPERATIONAL AREAS, REGULATORY COMPLIANCE, FINANCIAL REPORTING, TECHNOLOGY AND ENVIRONMENTAL SUSTAINABILITY. 149473 0 0 MEMBER DEVELOPMENT: PROVIDES MEMBERS WITH AN EXTENSIVE RANGE OF RESOURCES THROUGH ITS WEBSITE, INCLUDING A VIRTUAL LIBRARY WITH MORE THAN 500 TEMPLATES, FORMS AND WHITE PAPERS RELATED TO BUSINESS OFFICE OPERATIONS AND BEST PRACTICES; MEMBER FORUMS; AND ONLINE MEMBER DIRECTORY. 149473 0 0 4440840 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 45 0 20 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X JEFFREY SHIELDS 2024077140 1400 I STREET NW SUITE 850 WASHINGTON DC 20005 JEFFREY SHIELDS PRESIDENT AND CEO 40.00 X 393492 0 73533 JAMES PALMIERI SENIOR VP 40.00 X 177328 0 23095 ROBIN SMITH VP, FINANCE AND ADMIN (6/19-3/20) 40.00 X 160777 0 43445 JENNIFER HILLEN VP, PROFESSIONAL DEVEL/BIZ AFFAIRS 40.00 X 143980 0 24748 DANIEL WOLTMAN VP, MEMBERSHIP/MARKETING (6/19-9/19) 40.00 X 124727 0 27566 BRIAN GREEN DIRECTOR, IT AND WEB 40.00 X 106912 0 27689 CHUCK MCCULLAGH BOARD CHAIR 8.00 X X 0 0 0 SUSAN LANSVERK TREASURER 8.00 X X 0 0 0 RUSSELL RABINOWITZ SECRETARY 8.00 X X 0 0 0 TRACEY FUDGE DIRECTOR/PAST BOARD CHAIR 8.00 X X 0 0 0 SARA SKINNER DIRECTOR 3.00 X 0 0 0 NISHANT MEHTA DIRECTOR 3.00 X 0 0 0 NANCY GREENE DIRECTOR 3.00 X 0 0 0 JILL DUNCAN DIRECTOR 3.00 X 0 0 0 JERRY WALKER DIRECTOR 3.00 X 0 0 0 JAMES COOPER DIRECTOR 3.00 X 0 0 0 HEATHER HOERLE DIRECTOR 3.00 X 0 0 0 RICK BRANSON DIRECTOR 3.00 X 0 0 0 DUNCAN BOOTH DIRECTOR 3.00 X 0 0 0 DONNA PACCHIONI DIRECTOR 3.00 X 0 0 0 DEV TALVADKAR DIRECTOR 3.00 X 0 0 0 BEN LEWIS DIRECTOR 3.00 X 0 0 0 ANN MARIE TIDONA DIRECTOR 3.00 X 0 0 0 ALEX HEIBERGER DIRECTOR 3.00 X 0 0 0 ROSE NEUBERT DIRECTOR 3.00 X 0 0 0 JOE CARTER DIRECTOR 3.00 X 0 0 0 LINDA DENNISON DIRECTOR 3.00 X 0 0 0 KURT GODFRYD DIRECTOR (7/19 - 1/20) 3.00 X 0 0 0 1107216 0 220076 6 0 1 0 MEASURING SUCCESS LLC 1825 K STREET NW SUITE 850 WASHINGTON DC 20006 RESEARCH DATA PLATFORM DEVELOPMENT AND M 111010 1 308560 308560 MEMBERSHIP DUES 541190 3679260 3679260 CONFERENCE 541900 1568758 1568758 ADVERTISING 541800 207843 207843 5455861 134801 134801 90103 90103 76096 68362 7734 7734 7734 13910 4177 9733 9733 6006792 5257751 207843 232638 463260 393771 23163 46326 1675313 1357586 273583 44144 130945 105578 22908 2459 204075 166317 30625 7133 147558 120693 20896 5969 46594 46594 22304 22304 12544 12544 24595 24595 66277 66277 156445 16429 140016 177433 113901 63532 223641 223641 41360 41360 1266684 1189468 77216 406 406 465680 455521 10159 23133 23133 RESEARCH 229158 229158 MAGAZINE/E-NEWSLETTER/B 164095 164095 PROFESSIONAL DEVELOPMEN 31988 31988 USER FEES 10000 10000 1302 10686 -9384 5584790 4440840 1037919 106031 908031 1562387 1537314 1499476 135832 240346 260953 50200 312463 223101 52635 89362 4698441 4791733 567156 525524 19960 19960 8180322 8778988 146448 214899 2815665 2899576 89378 82045 3051491 3196520 X 5128831 5582468 5128831 5582468 8180322 8778988 422002 31635 0 X 0 1 X 1 0 X 300500 340525 302375 345475 308560 1597435 300500 340525 302375 345475 308560 1597435 592179 1005256 94509 156190 194464 275751 224903 945817 119484 63622 57499 47078 9667 297350 2840602 24237710 0.35390 0.35160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18765 9122 9643 260502 194609 65893 33196 19370 13826 89362 CAPITAL LEASE 5941 DEFERRED RENT 76104 82045 X 6055060 31635 25000 4177 60812 5994248 12544 12544 6006792 5601423 25000 4177 29177 5572246 12544 12544 5584790 PART X, LINE 2: NBOA HAS EVALUATED ITS TAX POSITIONS AS OF JUNE 30, 2020 AND 2019, AND HAS DETERMINED THE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UNDER EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD FROM SALES OF INVENTORY 4,177. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM SALES OF INVENTORY 4,177. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 JEFFREY SHIELDS PRESIDENT AND CEO 377369 0 16123 0 0 0 54828 0 18705 0 467025 0 0 0 JAMES PALMIERI SENIOR VP 172328 0 5000 0 0 0 9350 0 13745 0 200423 0 0 0 ROBIN SMITH VP, FINANCE AND ADMIN (6/19-3/20) 155777 0 5000 0 0 0 16690 0 26755 0 204222 0 0 0 JENNIFER HILLEN VP, PROFESSIONAL DEVEL/BIZ AFFAIRS 138980 0 5000 0 0 0 14210 0 10538 0 168728 0 0 0 DANIEL WOLTMAN VP, MEMBERSHIP/MARKETING (6/19-9/19) 124727 0 0 0 0 0 8500 0 19066 0 152293 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL AND HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES ARE PROVIDED TO JEFFREY SHIELDS, PRESIDENT AND CEO. FOR THE CALENDAR YEAR, THOSE BENEFITS AMOUNTED TO $2,321 FOR FIRST-CLASS TRAVEL OR CHARTER AND $1,500 FOR HEALTH OR SOCIAL CLUB FEES. PART I, LINE 7 NON-FIXED PAYMENTS CONSISTED OF STAFF BONUSES, WHICH ARE DETERMINED BY THE CEO. THE CEO'S BONUS IS DETERMINED BY THE BOARD. THE FOLLOWING INDIVIDUALS RECEIVED SUCH A NON-FIXED PAYMENT AS PART OF 2019 W-2 COMPENSATION: JEFFREY SHIELDS, PRESIDENT AND CEO, $16,123 JAMES PALMIERI, SENIOR VP, $5,000 ROBIN SMITH, VP OF FINANCE AND ADMINISTRATION, $5,000 JENNIFER HILLEN, VP OF PROFESSIONAL DEVELOPMENT AND BUSINESS AFFAIRS, $5,000 FORM 990, PART III, LINE 3 CONSULTING PROGRAM CEASED ACTIVITIES AS OF JULY 1, 2019 AND AS SUCH HAS BEEN REMOVED FROM THE JUNE 30, 2020 RETURN. THE PROGRAM HAD MINIMAL ACTIVITY AND NBOA DETERMINED THAT EFFORTS WOULD BE BETTER SPENT FOCUSING ON THE OTHER REMAINING PROGRAMS. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE OF THE BOARD SHALL CONSIST OF THE DULY ELECTED OR APPOINTED OFFICERS, AND UP TO TWO ADDITIONAL DIRECTORS APPOINTED BY THE CHAIR OF THE BOARD AND RATIFIED BY THE BOARD. THE EXECUTIVE COMMITTEE SHALL NORMALLY SERVE A TERM OF ONE YEAR. THE EXECUTIVE COMMITTEE, IN BETWEEN MEETINGS OF THE BOARD, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF NBOA, EXCEPT THAT SUCH COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND, ALTER, OR REPEAL THE BYLAWS, TO ELECT, APPOINT OR REMOVE ANY DIRECTOR OR OFFICER OF NBOA, OR TO APPROVE ANY CHARTER DOCUMENT REQUIRED TO BE FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND. THE EXECUTIVE COMMITTEE SHALL HAVE THE AUTHORITY TO REVIEW AND RECOMMEND THE SALARY OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER OF NBOA. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND THEN THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE DRAFT RETURN IN DETAIL AND APPROVES ITS SUBMISSION. THE FORM 990 IS PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY SIGNS A CONFLICT OF INTEREST STATEMENT. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND MONITORS BOARD BUSINESS TO DETERMINE IF THERE ARE POTENTIAL CONFLICTS. THERE HAS BEEN NO INSTANCE WHERE THERE WAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A ON BEHALF OF THE BOARD OF DIRECTORS, THE BOARD CHAIR ESTABLISHES THE INITIAL COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO). THE BOARD OF DIRECTORS APPROVES THE APPOINTMENT, EMPLOYMENT, AND COMPENSATION OF THE PRESIDENT AND CEO, AND ENTERS INTO A WRITTEN EMPLOYMENT AGREEMENT WITH THE PRESIDENT AND CEO. COMPENSATION IS BASED ON THE COMPENSATION LEVELS OF KEY EXECUTIVES OF SIMILAR ORGANIZATIONS. THE AGREEMENT CURRENTLY IN FORCE WAS MADE IN 2020, AND IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. ANY INCREASE TO THE PRESIDENT AND CEO'S BASE COMPENSATION RESULTS FROM THE ANNUAL EVALUATION BY THE EXECUTIVE COMMITTEE, OF ACHIEVEMENT OF MUTUALLY AGREED GOALS AND OBJECTIVES, AND WILL BE SHARED WITH THE BOARD OF DIRECTORS. REVIEWS ARE CONDUCTED ANNUALLY IN ACCORDANCE WITH PROCEDURES ESTABLISHED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE ADEQUATELY, AND CONCURRENTLY, DOCUMENTS THE BASIS FOR ITS DETERMINATION, AND THE COMPENSATION IT PAYS TO DISQUALIFIED PERSONS IS PRESUMED TO BE AT FAIR MARKET VALUE. THE PROCESS WAS MOST RECENTLY APPLIED IN 2020. FORM 990, PART VI, SECTION B, LINE 15B: NO OTHER COMPENSATED PERSONS MEET THE IRS DEFINITION OF OFFICER OR KEY EMPLOYEE, AND AS SUCH, THE IRS INSTRUCTIONS INDICATE THIS QUESTION MUST BE RESPONDED TO AS NO. FORM 990, PART VI, SECTION C, LINE 19 AT THE ORGANIZATION'S DISCRETION, IT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. THE BYLAWS ARE ALSO POSTED ON THE NBOA'S WEBSITE.