2021-09-22T06:40:41-05:00 2020-12-31 540737372 PBMARES LLP 500 E PRATT STREET SUITE 525 BALTIMORE MD 21202 990 2020-01-01 521802714 NATIONAL INVESTMENT CENTER FOR SENIORS HOUSING & CARE INC NATI 4102670504 ONE PARK PLACE NO 450 ANNAPOLIS MD 21401 BRIAN JURUTKA CEO 4102670504 2021-09-20 1 BRIAN JURUTKA 999009999 TODD LEVEY P01467848 4106596200 2021-09-20 X 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRIAN JURUTKA ONE PARK PLACE NO 450 ANNAPOLIS MD 21401 12485750 0 X WWW.NIC.ORG X 1992 MD TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS AND CONNECTIONS THAT BRING TOGETHER INVESTORS AND PROVIDERS IN THE SECTOR. 21 19 67 140 0 0 30000 0 19706528 12451206 93669 34233 3316 311 19833513 12485750 139600 77854 0 0 7729417 6125117 0 0 0 13081944 8638503 20950961 14841474 -1117448 -2355724 13626818 9247906 8298518 6275330 5328300 2972576 TO ENABLE THE ACCESS AND CHOICE OF AMERICA'S SENIORS IN THEIR HOUSING AND CARE BY PROVIDING DATA, ANALYTICS AND CONNECTIONS THAT BRING TOGETHER INVESTORS AND PROVIDERS IN THE SECTOR. 0 0 5691670 6627559 MARKET AREA PROFILES SUBSCRIPTION SERVICE - NIC INDUSTRY DATA REVENUE RECEIVED FROM MAP, WHICH PROVIDES HISTORICAL TIME SERIES DATA ON AGGREGATED OPERATIONAL AND FINANCIAL PERFORMANCE OF SENIORS HOUSING AND CARE FACILITIES. MAP ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION TO MAKE SENIORS HOUSING AND CARE SETTINGS AND SERVICES AVAILABLE TO A GREATER PERCENTAGE OF AMERICA'S ELDERS BY PROVIDING INCREASED TRANSPARENCY FROM RELIABLE DATA AND ANALYTICS WHICH SERVE TO INCREASE THE AVAILABILITY OF CAPITAL AND TO COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS. 5517621 5694293 NATIONAL CONFERENCE AND EDUCATIONAL EVENTS - CONFERENCES AND EDUCATIONAL EVENTS ARE HELD TO EXCHANGE INFORMATION RELATED TO NIC'S EXEMPT PURPOSE. THE CONFERENCES AND EDUCATIONAL EVENTS ADVANCE NIC'S CHARITABLE AND EDUCATIONAL MISSION TO PROMOTE AVAILABILITY AND QUALITY OF HOUSING AND CARE FOR AMERICA'S ELDERS BY PROVIDING A FORUM FOR THE PUBLICATION OF DATA AND ANALYTICS WHICH COMPRESS THE COST OF CAPITAL FOR SENIORS HOUSING AND CARE ORGANIZATIONS, PROMOTE EDUCATION ON THE CRITICAL ROLE OF OPERATIONS AND OPERATORS IN THE QUALITY AND SUCCESS OF SENIORS HOUSING AND CARE, AND PROVIDE A FORUM FOR THE DEVELOPMENT OF LEADERS IN SENIORS HOUSING AND CARE. 1960429 77854 129354 RESEARCH SERVICES - REVENUE RECEIVED FROM SUPPORT OF RESEARCH PROJECTS, RESEARCH STUDIES, AND SPONSORSHIPS OF RESEARCH PUBLICATIONS. NIC'S RESEARCH ADVANCES NIC'S CHARITABLE AND EDUCATIONAL MISSION BY INCREASING TRANSPARENCY, ENABLING ACCESS AND CHOICE FOR AMERICA'S ELDERS, ENCOURAGING LEADERSHIP DEVELOPMENT , AND FOSTERING INNOVATION IN SENIORS HOUSING AND CARE. 13169720 1 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 67 1 0 0 0 0 0 0 0 0 0 0 1 0 X 21 19 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRIAN JURUTKA 4102670504 ONE PARK PLACE SUITE 450 ANNAPOLIS MD 21401 ROBERT KRAMER FOUNDER AND ADVISOR 25.00 X 1143273 0 35082 BRIAN JURUTKA PRESIDENT AND CEO 50.00 X X 538879 0 37596 CHARLES HARRY CHIEF OPERATING OFFICER 50.00 X 407039 0 19949 ELIZABETH MACE CHIEF ECONOMIST 40.00 X 397800 0 10589 DANIEL RANEY DIRECTOR PRODUCT AND TECH 52.00 X 217207 0 31819 PRISCILLA HAMMETT SR DIRECTOR, FINANCE & ADMIN 42.00 X 191311 0 25263 AMBER JACOBS NIC MAP SALES DIRECTOR 55.00 X 181769 0 6746 WILLIAM KAUFFMAN SR. PRINCIPAL RESEARCH 50.00 X 158424 0 31187 JILL GATELY DIRECTOR EVENTS OPERATIONS 50.00 X 156057 0 13926 NATASHA MCGRATH DIRECTOR HR 40.00 X 146668 0 14127 LANA PECK SR. PRINCIPAL REASEARCH 50.00 X 143535 0 28006 KURT READ BOARD CHAIR 2.00 X X 0 0 0 JACK CALLISON BOARD VICE CHAIR 2.00 X X 0 0 0 TIM FOX BOARD TREASURER 2.00 X X 0 0 0 JOHN RIJOS BOARD SECRETARY 2.00 X X 0 0 0 SUSAN BARLOW BOARD ASSISTANT SECRETARY 2.00 X X 0 0 0 KENNETH SEGARNICK EX-OFFICIO, OAB REPRESENTATIVE 0.40 X 0 0 0 LUCIDA BAIER BOARD MEMBER 0.40 X 0 0 0 BRIAN BECKWITH BOARD MEMBER 0.40 X 0 0 0 DAVE BOITANO BOARD MEMBER - LEFT 5/13/20 0.40 X 0 0 0 BARBARA HAUSWALD BOARD MEMBER 0.40 X 0 0 0 KAI HSIAO BOARD MEMBER 0.40 X 0 0 0 STEVEN INSOFT BOARD MEMBER 0.40 X 0 0 0 IMRAN JAVAID BOARD MEMBER 2.00 X X 0 0 0 MERCEDES KERR BOARD MEMBER 0.40 X 0 0 0 MIKE MCCURRY BOARD MEMBER 0.40 X 0 0 0 JEFFREY MILLER BOARD MEMBER 0.40 X 0 0 0 DAVID NASH BOARD MEMBER 0.40 X 0 0 0 MATTHEW RUARK BOARD MEMBER 0.40 X 0 0 0 CHRIS TAYLOR BOARD MEMBER 0.40 X X 0 0 0 JUSTIN HUTCHENS BOARD MEMBER 0.40 X 0 0 0 3681962 0 254290 12 0 1 0 MARRIOTT INTERNATIONAL INC 900 W TRADE STREET CHARLOTTE NC 28202 SPRING CONFERENCE 965379 PROMATURA GROUP 19 CR 168 OXFORD MS 38655 PROFESSIONAL SERVICES 732231 STEELCASE 901 44TH STREET SE GRAND RAPIDS MI 49508 CONFERENCE SERVICES 512507 NIXON PEABODY 53 STATE ST BOSTON MA 02109 LEGAL SERVICES 368017 MCCABE MESSAGE PARTNERS 1825 CONNECTICUT AVE NW STE 300 WASHINGTON DC 20009 MARKETING SERVICES 255437 14 MAP INCOME 900099 6627559 6627559 CONFERENCES AND EVENTS 900099 5694293 5694293 RESEARCH INCOME 900099 129354 129354 12451206 34233 34233 MISC. REVENUE-RELATED-990 900099 311 311 311 12485750 12451206 0 34544 X 77854 77854 3025807 2517681 508126 2117121 1792208 324913 105398 88752 16646 507355 398591 108764 369436 318564 50872 518546 472522 46024 97788 55608 42180 1779216 1623614 155602 1203393 1198593 4800 149529 118515 31014 998088 977128 20960 342502 293149 49353 150045 141373 8672 2022897 2015875 7022 1849 1849 1193485 937330 256155 64032 30163 33869 DUES AND SUBSCRIPTIONS 108066 103133 4933 BAD DEBT EXPENSE 9067 9067 14841474 13169720 1671754 0 2694367 3269392 21828 273916 226560 208821 2516672 1282202 1461053 1234470 7491789 2080693 1731221 2180614 13626818 9247906 2307443 635087 2121031 519830 3870044 5120413 8298518 6275330 X 5328300 2972576 5328300 2972576 13626818 9247906 -2355724 0 X X 0 1 X 1 0 X 30000 30000 14564251 16412984 18388294 19706528 12451206 81523263 14564251 16412984 18388294 19736528 12451206 81553263 0 0 0 81553263 38857 50993 88004 141826 34233 353913 38857 50993 88004 141826 34233 353913 14603108 16463977 18476298 19878354 12485439 81907176 0.99570 0.99580 0.00430 0.00420 X 1036558 122097 914461 449317 218476 230841 1030797 941629 89168 1234470 MUTUAL FUNDS 1837544 F ASSETS HELD FOR DEFERRED COMPENSATION 243149 F 2080693 DEPOSIT ACCOUNTS 168931 ASSETS HELD FOR SALE 2011683 2180614 DEFERRED COMPENSATION PAYABLE 243149 DEFERRED RENT LIABILITY 931421 PAYROLL PROTECTION PROGRAM LOAN 1152700 LIABILITIES HELD FOR SALE 2793143 5120413 X 6132107 273916 273916 5858191 6627559 6627559 12485750 10625569 273916 273916 10351653 4489821 4489821 14841474 PART X, LINE 2: THE ORGANIZATION IS A NON-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CONTRIBUTIONS TO THE ORGANIZATION QUALIFY FOR A CHARITABLE CONTRIBUTION DEDUCTION. INCOME WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. THE ORGANIZATION HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. FASB ASC 740, INCOME TAXES, PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE ORGANIZATION'S MANAGEMENT HAS EVALUATED THE IMPACT OF THIS GUIDANCE TO ITS FINANCIAL STATEMENTS. THE ORGANIZATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS FROM THE DATE THE RETURNS ARE FILED. THE ORGANIZATION'S POLICY IS TO CLASSIFY INCOME TAX RELATED INTEREST AND PENALTIES, IN INTEREST EXPENSE AND OTHER EXPENSES, RESPECTIVELY. PART XI, LINE 2D - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDITS 273,916. PART XI, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS REVENUE 6,627,559. PART XII, LINE 2D - OTHER ADJUSTMENTS: EMPLOYEE RETENTION CREDITS 273,916. PART XII, LINE 4B - OTHER ADJUSTMENTS: DISCONTINUED OPERATIONS EXPENSES 3,552,490. DISCONTINUED DEPRECIATION EXPENSE 937,331. 0 MILKEN INSTITUTE 1250 FOURTH ST SANTA MONICA CA 90401 954240775 501(C)(3) 45000 SCHOLARSHIP FUND ALZHEIMERS ASSOCIATION 8180 GREENSBORO DRIVE MCLEAN VA 22102 133039601 501(C)(3) 10000 CHARITABLE CONTRIBUTION REAL ESTATE RESEARCH INSTITUTE 100 PEARL ST HARTFORD CT 06103 133415691 501(C)(3) 6000 RESEARCH SPONSORSHIP 3 X X X X X X 0 0 0 1 0 0 0 0 0 ROBERT KRAMER FOUNDER AND ADVISOR 342037 0 800000 0 1236 0 8550 0 26532 0 1178355 0 0 0 BRIAN JURUTKA PRESIDENT AND CEO 338789 0 200000 0 90 0 8550 0 29046 0 576475 0 0 0 CHARLES HARRY CHIEF OPERATING OFFICER 271781 0 135000 0 258 0 8550 0 11399 0 426988 0 0 0 ELIZABETH MACE CHIEF ECONOMIST 262404 0 135000 0 396 0 8550 0 2039 0 408389 0 0 0 DANIEL RANEY DIRECTOR PRODUCT AND TECH 181619 0 35498 0 90 0 6709 0 25110 0 249026 0 0 0 PRISCILLA HAMMETT SR DIRECTOR, FINANCE & ADMIN 160435 0 30618 0 258 0 5879 0 19384 0 216574 0 0 0 AMBER JACOBS NIC MAP SALES DIRECTOR 136719 0 0 0 45050 0 5451 0 1295 0 188515 0 0 0 WILLIAM KAUFFMAN SR. PRINCIPAL RESEARCH 132677 0 25687 0 60 0 4969 0 26218 0 189611 0 0 0 JILL GATELY DIRECTOR EVENTS OPERATIONS 131282 0 24690 0 85 0 4740 0 9186 0 169983 0 0 0 NATASHA MCGRATH DIRECTOR HR 123304 0 23224 0 140 0 4459 0 9668 0 160795 0 0 0 LANA PECK SR. PRINCIPAL REASEARCH 120830 0 22567 0 138 0 4570 0 23436 0 171541 0 0 0 PART I, LINE 5 SOME EMPLOYEES ARE PAID COMMISSIONS BASED ON SALES IN ADDITION TO SALARY BASE. FORM 990, PART VI, SECTION B, LINE 11B THE AUDIT COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD REVIEWS FORM 990 PRIOR TO SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST TO NIC'S BOARD OR A COMMITTEE THEREOF. NIC'S CONFLICT OF INTEREST POLICY AND AN ANNUAL STATEMENT AFFIRMING RECEIPT OF THE POLICY AND THE INDIVIDUAL'S AGREEMENT TO COMPLY ARE SENT TO THE DIRECTORS AND OFFICERS FOR COMPLETION UPON BEING ELECTED OR APPOINTED AS A DIRECTOR OR OFFICER, AND ANNUALLY THEREAFTER. ALL CONFLICT OF INTEREST DISCLOSURES ARE REVIEWED BY NIC'S EXECUTIVE COMMITTEE. THOSE INDIVIDUALS DETERMINED TO HAVE AN ACTUAL CONFLICT OF INTEREST WITH RESPECT TO A PARTICULAR TRANSACTION OR DECISION ARE REQUIRED TO RECUSE THEMSELVES FROM DISCUSSION AND VOTING ON SUCH TRANSACTION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A COMPENSATION COMMITTEE OF THE BOARD THAT REVIEWS AND RECOMMENDS SALARIES & BENEFITS ON AN ANNUAL BASIS FOR THE CEO, PRESIDENT & OTHER KEY EMPLOYEES OF THE ORGANIZATION IN DETERMINING SUCH COMPENSATION. THE COMMITTEE RETAINS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT. THIS CONSULTANT CONDUCTS A COMPENSATION STUDY ON A FREQUENCY NOT GREATER THAN EVERY 5 YEARS WHICH INCLUDED SALARIES AND BENEFITS FOR SIMILAR POSITIONS WITH OTHER NON PROFIT ORGANIZATIONS BASED ON REVIEW OF THEIR FORM 990S AND OTHER RESEARCH. THE COMPENSATION COMMITTEE WORKED WITH THE ORGANIZATION'S OUTSIDE ATTORNEY TO DEVELOP A WRITTEN EMPLOYMENT CONTRACT FOR THE PRESIDENT AND CEO. THESE CONTRACTS WERE APPROVED BY THE COMPENSATION COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G DATA COLLECTION FEES: PROGRAM SERVICE EXPENSES 763,072. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 763,072. EVENT SUPPORT: PROGRAM SERVICE EXPENSES 518,253. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 518,253. HR SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 37,327. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,327. OTHER SUPPORT SERVICES: PROGRAM SERVICE EXPENSES 23,262. MANAGEMENT AND GENERAL EXPENSES 50,561. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 73,823. RECRUITING SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 66,010. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 66,010. SPEAKER FEES: PROGRAM SERVICE EXPENSES 205,160. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 205,160. TEMPORARY HELP: PROGRAM SERVICE EXPENSES 113,867. MANAGEMENT AND GENERAL EXPENSES 1,704. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 115,571. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE IN THE OVERSIGHT PROCESS OR SELECTION PROCESS FROM PRIOR YEARS. FORM 990, PART IX, STATEMENT OF FUNCTIONAL EXPENSES THE ORGANIZATION RECEIVED EMPLOYEE RETENTION CREDIT. OFFICER COMPENSATION AND OTHER SALARIES AND WAGES HAVE BEEN REDUCED BY THE AMOUNT OF THE CREDIT. FORM 990, PART X, COLUMN (A) BEGINNING OF YEAR BALANCES THE PRIOR YEAR BALANCES WERE RESTATED IN THE AUDITED FINANCIAL STATEMENTS TO ACCOUNT REMOVING OF A DISCONTINUE OPERATION. FORM 990, PART X, COLUMN (A) BEGINNING OF YEAR BALANCES HAVE BEEN CHANGED TO AGREE TO THE AUDITED FINANCIAL STATEMENTS.