2021-05-13T20:11:44-05:00 2020-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2020-01-01 131878953 NAFSA ASSOCIATION OF INTERNATIONAL EDUCATORS NAFS 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 ESTHER BRIMMER CEO 2027373699 2021-05-11 1 ESTHER BRIMMER 999009999 DANIEL O'SHEA P00957510 3016529100 2021-05-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X ESTHER BRIMMER 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 24884509 0 X WWW.NAFSA.ORG X 1948 DC SEE SCHEDULE O 20 20 99 400 86372 11901 1255211 1937549 19966643 4675931 592717 429942 32658 952053 21847229 7995475 119741 32000 0 0 9579468 9457288 0 0 322868 11142466 4574694 20841675 14063982 1005554 -6068507 25891011 18526413 7103110 6623638 18787901 11902775 X SEE SCHEDULE O 0 0 2663024 161157 CONFERENCES - THE ASSOCIATION PROVIDES VARIOUS WORKSHOPS AND MEETINGS THAT SERVE AS A FORUM FOR THE LATEST DEVELOPMENTS IN INTERNATIONAL EDUCATIONAL EXCHANGE. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND OFFER A NETWORK FOR SHARING INFORMATION AS IT SEEKS TO INCREASE AWARENESS OF AND SUPPORT FOR INTERNATIONAL EDUCATION. SEE SCHEDULE O FOR ADDITIONAL DETAILS. 5410205 32000 3522868 MEMBER PROGRAMS AND SERVICES - REPRESENTS EXPENSES RELATED TO THE PROVISION OF PROFESSIONAL PRACTICE SUPPORT INFORMATION TO MEMBERS, THE COORDINATION AND COMMUNICATION OF MEMBERSHIP BENEFITS TO THE MEMBERS AND PROSPECTIVE MEMBERS, AND THE PROVISION OF EDUCATIONAL ACTIVITIES DESIGNED TO SUPPORT PROFESSIONAL DEVELOPMENT BY PROMOTING CORE COMPETENCIES, MID-LEVEL TRAINING NEEDS, AND LEADERSHIP SYMPOSIUM PROGRAMMING TO THE FIELD. 1129821 PUBLIC POLICY - REPRESENTS EXPENSES INCURRED TO LINK ASSOCIATION MEMBERS WITH CONGRESS AND FEDERAL AGENCIES, ADVOCATING FOR SUPPORT FOR THE EXCHANGE PROGRAMS, REMOVING BARRIERS TO EXCHANGE, AND INFORMING MEMBERSHIP OF GOVERNMENT ACTIONS AFFECTING EDUCATIONAL EXCHANGE. 247285 0 83796 REGIONAL PROGRAMS - REGIONAL PROGRAMS ARE COMPRISED PRIMARILY OF MEETING RELATED ACTIVITIES FOR SPECIFIC MEETINGS AND WORKSHOPS AT THE LOCAL LEVEL AS WELL AS TRAVEL ASSISTANCE FOR THE NEEDS OF NAFSA MEMBERS WITHIN THEIR RESPECTIVE GEOGRAPHIC AREAS. 676890 908110 PUBLICATIONS - THE ASSOCIATION MAINTAINS A WEBSITE AND PRODUCES VARIOUS PUBLICATIONS, MAGAZINES, AND NEWSLETTERS. THESE PUBLICATIONS REPRESENT THE ASSOCIATION'S COMMITMENT TO THE ONGOING ENHANCEMENT OF INTERNATIONAL EDUCATIONAL EXCHANGE. 924175 0 991906 10127225 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 56 0 1 99 1 1 1 1 CA 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA FL GA HI IL KS KY MA MD MI MN MS NH NC NJ NM NY OR PA RI SC TN UT VA WI WV MO ND OK X X X JANE HOFFMAN CFO 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 RAVI SHANKAR MA MS PRESIDENT AND CHAIR 1.00 X X 0 0 0 LANITRA BERGER PHD VICE PRESIDENT 1.00 X X 0 0 0 SHINN KO VICE PRESIDENT 1.00 X X 0 0 0 JEFFREY M RIEDINGER PHD VICE PRESIDENT 1.00 X X 0 0 0 DIANA B CARLIN PHD SECRETARY 1.00 X X 0 0 0 BARRY J MORRIS PHD TREASURER 1.00 X X 0 0 0 STEPHEN K APPIAH-PADI PHD BOARD MEMBER 1.00 X 0 0 0 HEATHER BARCLAY HAMIR PHD BOARD MEMBER 1.00 X 0 0 0 BONNIE BISSONETTE EDD BOARD MEMBER 1.00 X 0 0 0 SUSANA CARRILLO BOARD MEMBER 1.00 X 0 0 0 NELSON W CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 JAMES DORSETT PHD BOARD MEMBER 1.00 X 0 0 0 AHMAD M EZZEDDINE PHD BOARD MEMBER 1.00 X 0 0 0 JOEL A GALLEGOS MA BOARD MEMBER 1.00 X 0 0 0 NANCY KIDD PHD BOARD MEMBER 1.00 X 0 0 0 FERNANDO LEON-GARCIA PHD BOARD MEMBER 1.00 X 0 0 0 ANN MASON PHD BOARD MEMBER 1.00 X 0 0 0 LAWRENCE SCHOVANEC PHD BOARD MEMBER 1.00 X 0 0 0 JULIE SINCLAIR PHD BOARD MEMBER 1.00 X 0 0 0 SARA THURSTON PHD BOARD MEMBER 1.00 X 0 0 0 ESTHER BRIMMER DPHIL EXECUTIVE DIRECTOR & CEO 35.00 X 408521 0 54934 JANE HOFFMAN CFO, ASSISTANT TREASURER 35.00 X 227720 0 29674 TATIANA MACKLIFF DEP. E.D., LPDS, ASST. SECRETARY 35.00 X 148373 0 22355 JOSEPH VALLINA DEPUTY EXECUTIVE DIR., MMP 35.00 X 150307 0 42065 DOROTHEA ANTONIO DEPUTY EXECUTIVE DIR., KNOWLEDGE DEV. 35.00 X 151809 0 22595 JENNIFER HEINRITZ CONTROLLER, SR. DIRECTOR, FINANCE 35.00 X 142159 0 24945 VALERIE ROYAL SR. DIR., CONF. & MEETING PLANNING 35.00 X 149403 0 14343 KRISTEN JOHNSON SENIOR DIRECTOR, TECHNOLOGY SOLUTIONS 35.00 X 149798 0 21773 JILL ALLEN MURRAY DEPUTY EXECUTIVE DIR., PUBLIC POLICY 35.00 X 143248 0 46108 1671338 0 278792 24 0 1 0 FREEMAN PO BOX 734596 DALLAS TX 753734596 CONFERENCE A/V & DECORATING 188010 GRAND HYATT WASHINGTON 1000 H ST NW WASHINGTON DC 20001 CONFERENCES & MEETINGS AV CATERING 166281 WEBSTER CHAMBERLAIN & BEAN LLP 1747 PENNSYLVANIA AVE NW SUITE 10 WASHINGTON DC 20006 LEGAL SERVICES 144110 MARCUM LLP 1899 L ST NW SUITE 850 WASHINGTON DC 20036 ACCOUNTING SERVICES 129071 ARKTX 4301 CONNECTICUT AVE NW SUITE 350 WASHINGTON DC 20008 ARCHITECTURAL DESIGN 111348 7 1303264 634285 1937549 MEMBER DUES 900099 2944985 2944985 PUBLICATIONS 511190 973556 889759 83797 WORKSHOPS 900099 509862 509862 CONFERENCE 900099 163732 161157 2575 REGIONAL ACTIVITY 900099 83796 83796 4675931 165081 165081 196 196 17153895 16100488 788546 1053407 -788546 264861 264861 783 0 783 783 OTHER INCOME 900099 951074 951074 951074 7995475 4589559 86372 1381995 32000 32000 1083949 482151 571646 30152 6605004 5477698 908544 218762 502599 416818 69135 16646 683013 521212 143423 18378 582723 454898 109100 18725 185512 35091 143294 7127 186763 186763 6553 6553 408253 246510 161743 181829 181623 206 483846 196326 281182 6338 1178796 828225 350571 390504 390504 365304 328133 31137 6034 670162 631902 37760 500 66 66 390184 217858 172326 77041 30488 46553 FULFILLMENT & OTHER EXP 49881 46292 3589 14063982 10127225 3613889 322868 2644513 2898824 4786243 7294899 77133 210942 634826 932938 2287429 1172687 1831910 1114742 15530216 5734985 366601 339083 19569 25891011 18526413 489342 398654 60000 30000 6188012 5359438 365756 835546 7103110 6623638 X 17761262 10842468 1026639 1060307 18787901 11902775 25891011 18526413 -6068507 -816619 0 X 0 1 X 1 0 X 5531180 5331887 5175059 4742787 4882534 25663447 14839256 15852909 15676524 16479067 1730946 64578702 20370436 21184796 20851583 21221854 6613480 90242149 0 0 0 90242149 298959 357536 373675 434274 165277 1629721 76122 35224 68125 23024 8857 211352 375081 392760 441800 457298 174134 1841073 89703 42362 32117 21059 951074 1136315 20835220 21619918 21325500 21700211 7738688 93219537 0.96810 0.97910 0.01970 0.01890 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12189 12189 14051793 14063982 853199 213300 0 0 1000000 1000000 1000000 853199 3853199 5779799 3145 20934 9717 12189 45985 250000 250000 250000 213300 963300 1444950 1010514 75668 32000 1054182 981703 118811 90000 1010514 1021322 -39619 981703 922267 99055 1021322 866304 55963 922267 0.00000 1.00000 0.00000 0 0 322331 322331 424643 81233 343410 1540455 1091454 449001 1114742 457B DEFERRED COMPENSATION PLAN 433346 DEFERRED LEASE INCENTIVES 402200 835546 X 7172303 -816619 -816619 7988922 6553 6553 7995475 14057429 0 14057429 6553 6553 14063982 PART V, LINE 4: INCOME EARNED ON THE PRINCIPAL OF THE FUND IS TO PROVIDE FINANCIAL ASSISTANCE TO OUTSTANDING BURMESE OR EAST ASIAN STUDENTS ENROLLED OR ENROLLING IN GRADUATE SCHOOLS IN THE UNITED STATES, OR OUTSTANDING AFRICAN AMERICAN STUDENTS ENROLLED OR ENROLLING IN A STUDY ABROAD PROGRAM THROUGH AN ACCREDITED UNIVERSITY OR COLLEGE. PART X, LINE 2: NAFSA BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITION TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. NAFSA RECOGNIZES INTEREST AND PENALTIES EXPENSE RELATED TO UNCERTAIN TAX POSITIONS IN GENERAL AND ADMINISTRATIVE EXPENSES ON THE STATEMENTS OF ACTIVITIES AND ACCOUNTS PAYABLE AND ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. NAFSA REPORTED NO PENALTIES AND INTEREST RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019. TAX YEARS PRIOR TO 2017 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. INCOME TAX EXPENSE RELATED TO UNRELATED BUSINESS TAXABLE INCOME WAS APPROXIMATELY $0 AND $5,000 FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, RESPECTIVELY. 1 BURMESE AMERICAN COMMUNITY INSTITUTE 4925 SHELBY ST SUITE 200 INDIANAPOLIS IN 46227 452377550 501(C)(3) 32000 TAMARA H. BRYANT MEMORIAL SCHOLARSHIP 1 PART I, LINE 2: THE GRANTEE PROVIDES NAFSA WRITTEN REPORTS DETAILING THE USE OF THE GRANT AND A FINANCIAL RECONCILIATION. X X X 1 0 0 0 0 0 0 1 0 ESTHER BRIMMER DPHIL EXECUTIVE DIRECTOR & CEO 407231 0 0 0 1290 0 25650 0 29284 0 463455 0 0 0 JANE HOFFMAN CFO, ASSISTANT TREASURER 226946 0 0 0 774 0 18244 0 11430 0 257394 0 0 0 JOSEPH VALLINA DEPUTY EXECUTIVE DIR., MMP 149989 0 0 0 318 0 11579 0 30486 0 192372 0 0 0 JILL ALLEN MURRAY DEPUTY EXECUTIVE DIR., PUBLIC POLICY 143114 0 0 0 134 0 12880 0 33228 0 189356 0 0 0 DOROTHEA ANTONIO DEPUTY EXECUTIVE DIR., KNOWLEDGE DEV 151285 0 0 0 524 0 12201 0 10394 0 174404 0 0 0 KRISTEN JOHNSON SENIOR DIRECTOR, TECHNOLOGY SOLUTION 144556 0 5000 0 242 0 11810 0 9963 0 171571 0 0 0 TATIANA MACKLIFF DEP. E.D., LPDS, ASST. SECRETARY 148196 0 0 0 177 0 11871 0 10484 0 170728 0 0 0 JENNIFER HEINRITZ CONTROLLER, SR. DIRECTOR, FINANCE 141658 0 0 0 501 0 11728 0 13217 0 167104 0 0 0 VALERIE ROYAL SR. DIR., CONF. & MEETING PLANNING 91563 0 0 0 57840 0 8324 0 6019 0 163746 0 0 0 PART I, LINE 4A VALERIE ROYAL RECEIVED SEVERANCE PAYMENT OF $57,415.00 IN 2020. PART I, LINE 7 IN 2020, THE FOLLOWING INDIVIDUALS WERE PAID PERFORMANCE BASED BONUSES: KRISTEN JOHNSON $5,000 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: NAFSA IS THE LARGEST AND MOST COMPREHENSIVE ASSOCIATION OF PROFESSIONALS COMMITTED TO ADVANCING INTERNATIONAL HIGHER EDUCATION. NAFSA REALIZES ITS VALUES, VISION, AND MISSION BY CONVENING PEOPLE TO ADVANCE INTERNATIONAL EDUCATION. BASED IN THE UNITED STATES, NAFSA PROVIDES HIGH-QUALITY PROGRAMS, PRODUCTS, SERVICES, AND PHYSICAL AND VIRTUAL MEETING SPACES FOR THE WORLDWIDE COMMUNITY OF INTERNATIONAL EDUCATORS. AS A SELF-SUPPORTING, NOT-FOR-PROFIT ORGANIZATION, NAFSA DEPENDS ON EFFECTIVE GOVERNANCE AND A STRONG, INCREASINGLY DIVERSE FINANCIAL FOUNDATION. NAFSA CELEBRATES INNOVATION AND VALUES HIGHLY TALENTED VOLUNTEER LEADERS AND STAFF, AND IS COMMITTED TO WORKING IN A PROFESSIONAL AND COLLEGIAL MANNER AND TO RESPECTING OTHERS - VALUES THAT ARE AT THE HEART OF INTERNATIONAL EDUCATION. FORM 990, PART I, LINE 6: ESTIMATE OF NON-DUPLICATIVE VOLUNTEER MEMBER LEADER POSITIONS AND ACTIVE VOLUNTEER TRAINERS OF THE ORGANIZATION. THIS NUMBER DOES NOT INCLUDE THE HUNDREDS OF VOLUNTEERS WHO WORK ON OUR BEHALF WITHIN THEIR LOCAL, STATE, AND INTERNATIONAL COMMUNITIES. FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: NAFSA LEADS THE WAY IN ADVOCATING FOR A BETTER WORLD THROUGH INTERNATIONAL EDUCATION. NAFSA SERVES INTERNATIONAL EDUCATORS AND THEIR PROFESSION, ADVANCES INTERNATIONAL EDUCATION IN INSTITUTIONS OF HIGHER EDUCATION, AND PROMOTES INTERNATIONAL EDUCATION AND THE POLICIES THAT SUSTAIN IT IN THE PUBLIC ARENA. THE ASSOCIATION HELPS DEFINE THE PROFESSION OF INTERNATIONAL EDUCATION BY ESTABLISHING PRINCIPLES OF GOOD PRACTICE AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. NAFSA ENCOURAGES NETWORKING AMONG PROFESSIONALS, CONVENES CONFERENCES AND COLLABORATIVE DIALOGUES, AND PROMOTES RESEARCH AND KNOWLEDGE CREATION TO STRENGTHEN AND SERVE THE FIELD. FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: IN EARLY 2020, AN OUTBREAK OF A NOVEL STRAIN OF CORONAVIRUS ("COVID-19") EMERGED GLOBALLY. THIS PANDEMIC LED TO AN OVERALL DECLINE IN ECONOMIC ACTIVITY, CAUSED THE IMPLEMENTATION OF TRAVEL RESTRICTIONS, AND LIMITED THE ABILITY TO CONVENE IN-PERSON MEETINGS. AFTER CAREFUL CONSIDERATION, AND IN DEEP CONCERN FOR THE HEALTH AND SAFETY OF OUR ATTENDEES, THE NAFSA BOARD OF DIRECTORS DECIDED TO CANCEL THE 2020 NAFSA ANNUAL CONFERENCE & EXPO SCHEDULED TO TAKE PLACE ON MAY 24-29 IN ST. LOUIS, MISSOURI. IN RESPONSE TO THE CANCELLATION OF THE IN-PERSON EVENT, NAFSA MEMBER-LEADERS AND STAFF DEVELOPED A DIGITAL PROGRAM DESIGNED TO BRING INTERNATIONAL EDUCATION COMMUNITY REGISTRANTS TOGETHER TO RECONNECT, SHARE PRACTICAL RESOURCES, AND ENGAGE ON IMPORTANT ISSUES DURING THIS CRITICAL TIME. EACH DAY OF THE FIVE-DAY EVENT FOCUSED ON A DIFFERENT THEME. SUBJECT MATERIAL CONSISTED OF CAREFULLY CURATED PROGRAMMING DRAWING UPON CONTENT CREATED FOR THE 2020 NAFSA ANNUAL CONFERENCE & EXPO AND INCLUDED ADDITIONAL RESOURCES AND ENGAGEMENT OPPORTUNITIES. THE FALL 2020 REGIONAL CONFERENCES FOLLOWED THE SAME CHANGE OF DELIVERY FROM IN-PERSON TO DIGITAL WHILE STRIVING TO MAINTAIN THE CONCENTRATED OPPORTUNITY FOR NETWORKING AND INFORMATION SHARING. FORM 990, PART VI, SECTION A, LINE 1 THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT THAT IT SHALL HAVE NO AUTHORITY AS TO THE FOLLOWING MATTERS: (A) THE FILLING OF VACANCIES IN THE BOARD OF DIRECTORS; (B) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (C) THE AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS; (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; AND (E) THE REMOVAL OF DIRECTORS. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE SUBJECT TO RATIFICATION AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CATEGORIES OF MEMBERS, VOTING MEMBERS AND NON-VOTING HONORARY MEMBERS. VOTING MEMBERS CONSIST OF INDIVIDUAL MEMBERS, GROUP MEMBERS, INTERNATIONAL MEMBERS, STUDENT MEMBERS, RETIRED PROFESSIONAL MEMBERS, AND NEW MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT ALL MEMBERS OF THE GOVERNING BODY IN ACCORDANCE WITH PROCEDURES SPECIFIED IN THE ORGANIZATION'S BYLAWS AND STANDING RULES. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES OF INCORPORATION VEST THE GOVERNANCE OF THE CORPORATION IN THE BOARD OF DIRECTORS, THOUGH THE ARTICLES OF INCORPORATION CAN BE AMENDED ONLY BY A 2/3RDS VOTE OF THE ASSOCIATION'S MEMBERS AT AN ANNUAL OR SPECIAL MEETING. MATTERS WHICH WOULD REQUIRE SUCH A VOTE WOULD BE A CHANGE IN THE NAME OF THE CORPORATION, ITS PURPOSE, QUALIFICATIONS OF MEMBERS, GENERAL STRUCTURE OF THE ASSOCIATION'S INTERNAL AFFAIRS, OR IN THE LIMITATIONS OF ACTIVITIES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS SENT TO THE ENTIRE BOARD OF DIRECTORS. ANY QUESTIONS ABOUT THE RETURN ARE TO BE DIRECTED TO THE CHAIR OF THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS MEETS WITH THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANTS, EXECUTIVE DIRECTOR, AND CHIEF FINANCIAL OFFICER TO REVIEW FORM 990 PRIOR TO FILING AND THEN REPORTS BACK TO THE FULL BOARD OF DIRECTORS AT ITS NEXT REGULARLY SCHEDULED MEETING. THE BOARD MEMBERS ARE PROVIDED AN OUTLINE CREATED BY THE SENIOR DIRECTOR OF FINANCE/CONTROLLER THAT IS USED TO GUIDE THEM THROUGH THE REVIEW PROCESS. THE OUTLINE SPECIFIES KEY AREAS OF THE RETURN THAT ARE DEEMED TO BE OF PARTICULAR IMPORTANCE TO THE REVIEW PROCESS. THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANT PROVIDES INFORMATION ON HOW THE FORM 990 IS PREPARED AND HOW IT RELATES BACK TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE STATEMENTS AND MONITORING COMPLIANCE WITH THIS POLICY. OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE CURRENTLY REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; AND D) UNDERSTANDS THAT NAFSA IS A CHARITABLE CORPORATION AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE OF THE NAFSA BOARD OF DIRECTORS ENGAGED QUATT ASSOCIATES AS A COMPENSATION CONSULTANT TO BENCHMARK CEO DATA AS PART OF THE CONTRACT RENEWAL PROCESS. THE LENGTH OF THE CEO CONTRACT WAS THREE YEARS RENEWED IN 2020. THE BOARD OF DIRECTORS, IN CONSULTATION WITH THE COMPENSATION CONSULTANT, APPROVES ANY INCREASES TO THE CEO SALARY BASED ON MERIT AND MARKET CONSIDERATIONS. FORM 990, PART VI, SECTION B, LINE 15B: NAFSA ENGAGED AN OUTSIDE COMPENSATION CONSULTANT, CLEAR MANAGEMENT, TO COMPLETE A COMPENSATION STUDY AND RECOMMENDED METHODOLOGY IN MAY 2017, UPDATED ANNUALLY BASED ON BENCHMARK DATA. THIS SERVES AS THE BASIS FOR NAFSA'S OVERALL COMPENSATION SYSTEM. SALARIES FOR OFFICERS ARE ALSO BENCHMARKED WITH ADDITIONAL OUTSIDE COMPENSATION SURVEYS TO ENSURE INTERNAL AND EXTERNAL EQUITY. COMPENSATION FOR OFFICERS IS REVIEWED BY THE SENIOR DIRECTOR, HUMAN RESOURCES AND APPROVED BY THE EXECUTIVE DIRECTOR & CEO. NEW POSITIONS ARE EVALUATED BASED ON MARKET DATA AND ESTABLISHED PAY RANGES TO ENSURE INTERNAL AND EXTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE THROUGH ITS WEBSITE. THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERS VIA A HANDOUT AT THE ANNUAL BUSINESS MEETING AND AN EMAIL WITH THE LINK TO THIS HANDOUT ON THE ORGANIZATION'S WEBSITE IS SENT YEARLY TO ALL CURRENT MEMBERS OF RECORD. THREE YEARS OF AUDITED FINANCIALS AND TAX RETURNS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE.