2021-12-14T14:32:37-06:00 2020-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2020-01-01 133480246 NAF NAF 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 CRAIG W LOVE CHIEF FINANCIAL OFFICER 2126352400 2021-12-14 1 CRAIG LOVE 999009999 GARRETT M HIGGINS P00543209 9143818900 2021-12-14 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LISA DUGHI 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 28724875 0 X WWW.NAF.ORG X 1988 NY NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE. 25 24 96 4050 0 0 24033694 23522879 2372082 1220446 435128 404894 -38401 1499 26802503 25149718 826912 895000 0 0 11000605 11421542 72113 25000 2424723 11650634 7246704 23550264 19588246 3252239 5561472 26121624 32321948 3611962 4037082 22509662 28284866 X NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE. 0 0 4007024 274717 374612 THE ACADEMY OF FINANCE, WHICH OPERATES 190 ACADEMIES, CONNECTS HIGH SCHOOL STUDENTS WITH THE WORLD OF FINANCIAL SERVICES AND PERSONAL FINANCE, OFFERING A CURRICULUM THAT COVERS BANKING AND CREDIT, FINANCIAL PLANNING, GLOBAL FINANCE SECURITIES, INSURANCE, ACCOUNTING, AND ECONOMICS. THE ACADEMY OF FINANCE CURRICULUM AND CERTIFICATION IS VALIDATED BY THE COUNCIL FOR ECONOMIC EDUCATION. 2425304 166276 226739 THE ACADEMY OF INFORMATION TECHNOLOGY, WHICH OPERATES 115 ACADEMIES, PREPARES STUDENTS FOR CAREER OPPORTUNITIES IN COMPUTER NETWORKING, SYSTEMS, DATABASE DESIGN, DIGITAL VIDEO PRODUCTION, GRAPHIC DESIGN, AND PROGRAMMING. IN ADDITION, JUNIPER NETWORKS HAS AGREED UPON A PROGRAM OF STUDY, LINKED TO NAF ASSESSMENTS, THAT WILL QUALIFY STUDENTS FOR ITS PROFESSIONAL TRAINING PROGRAM AND EARN A JUNIPER CERTIFICATE. ACADEMIES MAY ALSO USE COMPUTER SCIENCE CURRICULUM FROM PROJECT LEAD THE WAY, INC. (PLTW) AND SELECT COURSES FROM CISCO. 2024602 138805 189278 THE ACADEMY OF ENGINEERING, WHICH OPERATES 96 ACADEMIES, ANSWERS AN ACUTE NEED FOR ENGINEERS IN THIS COUNTRY BY EDUCATING HIGH SCHOOL STUDENTS IN THE PRINCIPLES OF ENGINEERING, PROVIDING CONTENT IN THE FIELDS OF ELECTRONICS, BIOTECH, AEROSPACE, CIVIL ENGINEERING, AND ARCHITECTURE. ACADEMIES USE CURRICULUM FROM PROJECT LEAD THE WAY, INC. (PLTW), THE STEM ACADEMY, OR PAXTON/PATTERSON. THEY ALSO BENEFIT FROM SUPPORT PROVIDED BY NATIONAL ACTION COUNCIL FOR MINORITIES IN ENGINEERING (NACME). 1813706 124346 169561 THE ACADEMY OF HEALTH SCIENCES , WHICH OPERATES 86 ACADEMIES, ADDRESSES THE CRITICAL ACHIEVEMENT GAP IN STEM FIELDS AND DEVELOPS A PIPELINE OF STUDENTS PREPARED TO PURSUE HEALTH-RELATED DEGREES AND PROFESSIONS IN ONE OF THE FASTEST GROWING SECTORS OF THE ECONOMY. COURSES INCLUDE CONTENT ON BIOTECHNOLOGY, ANATOMY, PHYSIOLOGY, AND GLOBAL HEALTH. ACADEMIES MAY USE BIOMEDICAL CURRICULUM FROM PROJECT LEAD THE WAY INC. (PLTW) OR THE HEALTH SCIENCES CAREERS CURRICULUM FROM PAXTON-PATTERSON. HOSAFUTURE HEALTH PROFESSIONALS ALSO PROVIDES OPPORTUNITIES FOR STUDENTS TO BUILD COLLEGE AND CAREER-READINESS SKILLS. THE NATIONAL CONSORTIUM FOR HEALTH SCIENCE EDUCATION PROVIDES AN ONLINE MODULE FOR WORK-BASED LEARNING. 2783826 190856 260256 OTHER ACADEMIES - INCLUDING ACADEMY OF HOSPITALITY, AND TOURISM (SPECIALIZING IN HOSPITALITY AND TOURISM). NAF'S NETWORK OF OTHER ACADEMIES INCLUDES 132 ACADEMIES. 4597532 315202 429817 13054462 1 1 0 1 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 41 0 96 1 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CO DC FL GA HI IL KS KY ME MD MA MI MN NH NJ NM NY NC OH OK OR PA SC TN UT VA WA WI WV X X X CRAIG LOVE CHIEF FINANCIAL OFFICER 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 JONDEL HOYE CEO 40.00 X X 546014 0 93296 SANFORD I WEILL CHAIRMAN 3.00 X X 0 0 0 KENNEITH I CHENAULT VICE CHAIRMAN 3.00 X X 0 0 0 EUGENE A LUDWIG SECRETARY 3.00 X X 0 0 0 SANJIV YAJNIK TREASURER 3.00 X X 0 0 0 JEFFREY A BRILL DIRECTOR 3.00 X 0 0 0 URSULA M BURNS DIRECTOR 3.00 X 0 0 0 LYNNE DOUGHTIE DIRECTOR 3.00 X 0 0 0 ROBERT C DUGHI DIRECTOR 3.00 X 0 0 0 BARBARA BENIOFF FRIEDMAN DIRECTOR 3.00 X 0 0 0 ALEX GORSKY DIRECTOR 3.00 X 0 0 0 GREGORY J HAYES DIRECTOR 3.00 X 0 0 0 JOHN HINSHAW DIRECTOR THRU 2/12/20 3.00 X 0 0 0 HAROLD MCGRAW III DIRECTOR 3.00 X 0 0 0 JENNIFER MORGAN DIRECTOR 3.00 X 0 0 0 NICOLA PALMER DIRECTOR 3.00 X 0 0 0 THOMAS PENNY III DIRECTOR 3.00 X 0 0 0 JOSEPH J PLUMERI II DIRECTOR 3.00 X 0 0 0 MARC REED DIRECTOR 3.00 X 0 0 0 LARRY RENFRO DIRECTOR 3.00 X 0 0 0 JAMES D ROBINSON III DIRECTOR 3.00 X 0 0 0 DAVID STEWARD DIRECTOR 3.00 X 0 0 0 JOSEPH M TUCCI DIRECTOR 3.00 X 0 0 0 MARC WEILL DIRECTOR 3.00 X 0 0 0 RONALD A WILLIAMS DIRECTOR 3.00 X 0 0 0 MATTHEW ZIELINSKI DIRECTOR 3.00 X 0 0 0 LISA DUGHI PRESIDENT 40.00 X 339983 0 60804 BRENDA BARRY CHIEF PROGRAM OFFICER 40.00 X 248089 0 78722 IRA BERKOWITZ CFO THRU 1/3/20 40.00 X 171637 0 5267 MARYANNE BLOOMFIELD CHIEF ADVANCEMENT OFFICER 40.00 X 274773 0 74500 CRAIG W LOVE CHIEF FINANCIAL OFFICER 40.00 X 170939 0 6694 HELEN BLANCH VP, NETWORK DEVELOPMENT 40.00 X 175366 0 52893 PATRICIA BROWN VP, CORPORATE ENGAGEMENT & RELATIONS 40.00 X 164197 0 39121 COLLEEN DEVERY VP, STRATEGY 40.00 X 207207 0 65444 IRENE LYNN CHIEF OF STAFF, INTERNAL 24.00 X 154764 0 21076 KEARNEY STANIFORD CHIEF OF STAFF, EXTERNAL 32.00 X 191406 0 22978 WILLIAM TAYLOR VP, OUTREACH & PARTNERSHIP 40.00 X 171266 0 38114 MICHAEL HENSON DIRECTOR, NAFTRACK 40.00 X 143999 0 21859 TARAWHONA BELLEVUE SR. MANAGING DIR., NETWORK 40.00 X 141732 0 31813 ZACHARY GOLDSTEIN ASST.VP, INNOVATION 40.00 X 147045 0 49763 MARC LESSER VP, RESEARCH & TECHNOLOGY 40.00 X 174622 0 30246 TRUDY STALLINGS SR. DIRECTOR, DEVELOPMENT 40.00 X 134845 0 19231 3557884 0 711821 36 0 1 0 NOCTI 500 NORTH BRONSON AVENUE BIG RAPIDS MI 49307 IT PROJECT MANAGEMENT 549538 THE BRIDGESPAN GROUP INC 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 STRATEGY AND LEADERSHIP DEVELOPMENT 464750 ORGANIZATIONAL SERVICES INC 3380 TRAVIS POINTE ROAD SUITE H ANN HARBOR MI 48108 LOGISTICS SERVICES AND CONFERENCE ADMINI 315076 GMMB INC 3050 K STREET NW SUITE 100 WASHINGTON DC 20007 STRATEGY AND COMMUNICATIONS 158219 PEOPLE 20 NORTH AMERICA PO BOX 677905 DALLAS TX 75267 FINANCIAL PLANNING AND CONSULTING 115600 7 99000 23423879 1785900 23522879 MEMBERSHIP DUES 541900 911713 911713 SCHOOL DISTRICT CONTRACTS 541900 302483 302483 CONFERENCE REGISTRATION FEES 541900 6250 6250 1220446 415080 415080 3564971 3575157 -10186 -10186 -10186 OTHER REVENUE 900099 1499 1499 1499 25149718 1220446 0 406393 X 853500 853500 41500 41500 3374550 2098262 742994 533294 5926328 4210447 766875 949006 598823 406042 97414 95367 901575 612323 154628 134624 620266 420759 101178 98329 105606 105606 177832 99548 63051 15233 60219 60219 25000 25000 2090059 1582113 293541 214405 77004 36758 31944 8302 377320 180114 156524 40682 1688997 1287462 287252 114283 988375 149005 776478 62892 304679 238548 24557 41574 230248 180272 18558 31418 574159 366842 207317 STUDENT PROGRAMS & LABS 182547 87139 75726 19682 DUES AND SUBSCRIPTIONS 148442 70859 61578 16005 CURRICULUM & ASSESSMENT 113481 71994 30633 10854 REPAIR & MAINTENANCE 74723 35669 30997 8057 53013 25306 21991 5716 19588246 13054462 4109061 2424723 2921624 5767631 1909220 2852771 5004842 9896029 606185 468449 225230 0 3373313 2830250 1223269 543063 13991501 12558525 239753 235480 26121624 32321948 2671740 1921745 535625 261163 0 6000 404597 1848174 3611962 4037082 X 6759066 8401764 15750596 19883102 22509662 28284866 26121624 32321948 X 5561472 319779 -106047 X X 0 1 X 1 0 X 8788855 20383576 15926054 24033694 23522879 92655058 8788855 20383576 15926054 24033694 23522879 92655058 40102569 52552489 144082 271182 273534 348208 415080 1452086 7959 18060 1499 27518 94134662 11611568 0.55830 0.64280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CURRICULUM PROJECTS - 2017 AMOUNT: $ 8,510. OTHER INCOME - 2016 AMOUNT: $ 7,959. 2017 AMOUNT: $ 9,550. 2020 AMOUNT: $ 1,499. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 60219 60219 0 PART II-B, LINE 1: THE LOBBYIST ENGAGED WITH ACTIVE LEGISLATIVE ACTIVITY WITH RESPECT TO HIGH SCHOOL ACADEMIES, CAREER AND TECHNICAL EDUCATION, AND YOUTH WORKFORCE DEVELOPMENT TO SHARE NAF'S EXPERTISE IN HOW ANY POLICY CHANGES COULD POSITIVELY OR NEGATIVELY EFFECT THE AVAILABILITY AND QUALITY OF WORK-BASED LEARNING EXPERIENCES FOR HIGH SCHOOL STUDENTS. 0 1 X 515865 67088 582953 417276 98589 515865 634404 2872 220000 417276 628657 100747 95000 634404 626000 59157 56500 628657 0.00000 1.00000 0.00000 0 0 207497 203672 3825 262032 236884 25148 2903784 2389694 514090 543063 DEFERRED RENT 483074 PAYCHECK PROTECTION PROGRAM LOAN 1365100 1848174 X 25566489 319779 203039 522818 25043671 106047 106047 25149718 19791285 203039 203039 19588246 0 19588246 PART IV, LINE 2B: NAF HOLDS FUNDS FOR SEVERAL ACADEMIES THAT PARTICIPATE IN ITS EDUCATIONAL PROGRAMS, TO BE USED FOR RELATED ACTIVITIES. PART V, LINE 4: THE ALDO PAPONE ENDOWMENT WAS ESTABLISHED BY THE AMERICAN EXPRESS COMPANY IN 1991 TO PROVIDE FUNDS FOR GRANT AWARDS TO OUTSTANDING U.S. ACADEMY PROGRAM. ON AN ANNUAL BASIS, A MAXIMUM OF 7% OF THE ALDO PAPONE ENDOWMENT'S ASSETS ARE AVAILABLE FOR DISBURSEMENT. THE JESSE BLACKMAN ENDOWMENT WAS ESTABLISHED IN 1994 WITH A CONTRIBUTION FROM THE AMERICAN EXPRESS COMPANY. THE PURPOSE OF THE JESSE BLACKMAN ENDOWMENT IS TO PROVIDE FUNDS FOR A SCHOLARSHIP TO AN OUTSTANDING STUDENT IN THE HOSPITALITY AND TOURISM PROGRAM. PRESENTLY, THE ANNUAL SCHOLARSHIP LIMIT IS $1,500. PART X, LINE 2: NAF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NAF HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NAF IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2017. PART XI, LINE 4B - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF ASSETS 106,047. X X X X X X X 1 DS CONSULTING GROUP 845 THIRD AVENUE 6TH FLOOR NEW YORK NY 10022 FUNDRAISING STRATEGY CONSULTING 0 0 25000 -25000 25000 -25000 AL AK AZ AR CA CT CO DC FL GA HI IL IN KS KY LA ME MD MA MI MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN TX UT VA WA WV WI SCHEDULE G, PART I, LINE 2B, COLUMN (V) DS CONSULTING GROUP, LLC WAS COMPENSATED TO $25,000 FOR THE SERVICES PROVIDED IN CONNECTION WITH BENEFIT HELD IN 2021. NAF WILL BE BILLED DIRECTLY BY VENDORS AND SUPPLIERS FOR LETTERSHOP AND POSTAGE COSTS AND BY DSCG FOR IN-HOUSE WORD PROCESSING, POSTAGE AND MAILINGS. ADDITIONALLY, EXPENSES SUCH AS REASONABLE LOCAL TRAVEL, TELEPHONES, FAXES, PHOTOCOPIES AND MESSENGER SERVICES ("OUT OF POCKET EXPENSES") WILL BE BILLED DIRECTLY TO NAF BY DS CONSULTING GROUP, LLC NOT TO EXCEED $5,000. NO ADDITIONAL EXPENSES WILL BE INCURRED WITHOUT THE PRIOR KNOWLEDGE AND WRITTEN APPROVAL OF NAF. 1 BROWARD EDUCATION FOUNDATION INC 600 SE 3RD AVE FORT LAUDERDALE FL 33301 592359433 501(C)(3) 125000 DISTINGUISHED AWARD AND NAF-FUND II STEM INITATIVE DC PUBLIC EDUCATION FUND 3407 14TH STREET NW WASHINGTON DC 20010 261607955 501(C)(3) 100000 FUND II STEM GRANT DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT 3011 WEST GRAND BLVD DETROIT MI 48202 812847693 THE CITY OF DETROIT 100000 FUND II STEM GRANT MIAMI-DADE COUNTY PUBLIC SCHOOLS DEPT OF CAREER & TECHNICAL EDUCATION 10151 NW 19TH AVE ROOM 296 MIAMI FL 33147 596000572 MIAMI-DADE COUNTY 100000 FUND II STEM GRANT SOUTHWEST FLORIDA WORKFORCE DEVELOPMENT BOARD 9530 MARKETPLACE RD SUITE 104 FORT MYERS FL 33912 650778245 501(C)(3) 100000 AT&T ASPIRE GRANT SCHOOL BOARD OF ORANGE COUNTY FL 445 WEST AMELIA ST ORLANDO FL 32801 596000771 ORANGE COUNTY 100000 FUND II STEM GRANT DALLAS INDEPENDENT SCHOOL DISTRICT 3700 ROSS AVE DALLAS TX 752045491 756001278 THE CITY OF DALLAS 80000 DISTINGUISHED ACADEMY AWARD THURGOOD MARSHALL COLLEGE FUND 901 F ST NW SUITE 300 WASHINGTON DC 20004 411750692 501(C)(3) 28500 STUDENT SCHOLARSHIPS GLOBAL INITIATIVES INC PO BOX 5146 WEST CHESTER PA 193800403 161501127 501(C)(3) 25000 GLOBAL TRAVEL & TOURISM PROGRAM ALDO PAPONE CASE WRITING COMPETITION MAGNET EDUCATIONAL CHOICE ASSOCIATION INC 1450 NE SECOND AVE SUITE 352 MIAMI FL 33132 650290712 501(C)(3) 15000 DISTINGUISHED ACADEMY AWARD SCHOOL BOARD OF MIAMI-DADE COUNTY FLORIDA 1450 NE SECOND AVENUE MIAMI FL 33132 596000572 MIAMI-DADE COUNTY 15000 DISTINGUISHED ACADEMY AWARD BIRMINGHAM BOARD OF EDUCATION 2015 PARK PLACE BIRMINGHAM AL 35203 636000767 THE CITY OF BIRMINGH 10000 DISTINGUISHED AWARD, WEILL AWARD PORTERVILLE PATHWAYS FOUNDATION 600 W GRAND AVE PORTERVILLE CA 932572029 822628309 501(C)(3) 10000 DISTINGUISHED ACADEMY AWARD 13 0 SCHOLARSHIPS 55 41500 PART I, LINE 2: NAF DISBURSES SEVERAL SCHOLARSHIPS TO STUDENTS AND PROGRAM ALUMNI. IN ADDITION, PROGRAM GRANTS ARE DISBURSED TO THE ACADEMIES THEMSELVES TO ASSIST WITH PROGRAM EXPENDITURES. SCHOLARSHIPS ARE AWARDED THROUGH A COMPETITIVE APPLICATION PROCESS. DIFFERENT SCHOLARSHIP PROGRAMS HAVE VARYING CRITERIA, BUT IN GENERAL THE FOLLOWING APPLY: STUDENTS MUST BE ENROLLED IN OR ALUMNI OF AN ACADEMY. PROGRAM GRANTS ARE AWARDED BASED ON A COMPETITIVE PROCESS OR ACCORDING TO DONOR SPECIFICATIONS. NAF AND GRANTEES JOINTLY AGREE ON ALL PROGRAMMATIC GOALS AND EXPECTATIONS, INCLUDING ESTABLISHING VARIOUS REPORTING OBLIGATIONS TO ENSURE ACCOUNTABILITY. NAF STAFF IN TURN MONITOR GRANTEES' PROGRESS THROUGHOUT THE REPORTING PERIOD TO ENSURE ADEQUATE PROGRESS IS MADE AS WELL AS TO PROVIDE SUPPORT AS NECESSARY. X 1 0 X X X X X 1 0 0 0 0 0 0 1 0 JONDEL HOYE CEO 541134 0 0 0 4880 0 61296 0 32000 0 639310 0 0 0 LISA DUGHI PRESIDENT 336803 0 3000 0 180 0 45675 0 15129 0 400787 0 0 0 MARYANNE BLOOMFIELD CHIEF ADVANCEMENT OFFICER 270585 0 3000 0 1188 0 32707 0 41793 0 349273 0 0 0 BRENDA BARRY CHIEF PROGRAM OFFICER 244315 0 3000 0 774 0 37088 0 41634 0 326811 0 0 0 COLLEEN DEVERY VP, STRATEGY 203959 0 3000 0 248 0 25034 0 40410 0 272651 0 0 0 HELEN BLANCH VP, NETWORK DEVELOPMENT 171404 0 3000 0 962 0 25510 0 27383 0 228259 0 0 0 KEARNEY STANIFORD CHIEF OF STAFF, EXTERNAL 188245 0 3000 0 161 0 21718 0 1260 0 214384 0 0 0 WILLIAM TAYLOR VP, OUTREACH & PARTNERSHIP 167691 0 3250 0 325 0 21091 0 17023 0 209380 0 0 0 MARC LESSER VP, RESEARCH & TECHNOLOGY 170978 0 3500 0 144 0 14673 0 15573 0 204868 0 0 0 PATRICIA BROWN VP, CORPORATE ENGAGEMENT & RELATIONS 160632 0 3000 0 565 0 23583 0 15538 0 203318 0 0 0 ZACHARY GOLDSTEIN ASST.VP, INNOVATION 143432 0 3500 0 113 0 12113 0 37650 0 196808 0 0 0 CRAIG W LOVE CHIEF FINANCIAL OFFICER 167663 0 3000 0 276 0 5615 0 1079 0 177633 0 0 0 IRA BERKOWITZ CFO THRU 1/3/20 8634 0 0 0 163003 0 5267 0 0 0 176904 0 0 0 IRENE LYNN CHIEF OF STAFF, INTERNAL 149398 0 3000 0 2366 0 21076 0 0 0 175840 0 0 0 TARAWHONA BELLEVUE SR. MANAGING DIR., NETWORK 137826 0 3750 0 156 0 16411 0 15402 0 173545 0 0 0 MICHAEL HENSON DIRECTOR, NAFTRACK 138414 0 3500 0 2085 0 19444 0 2415 0 165858 0 0 0 TRUDY STALLINGS SR. DIRECTOR, DEVELOPMENT 131207 0 3500 0 138 0 18382 0 849 0 154076 0 0 0 PART I, LINE 1A NAF'S CEO: JONDEL HOYE RECEIVED A GROSS-UP PAYMENT OF $2,594, WHICH IS TAXABLE TO HER AND INCLUDED ON SCHEDULE J, PART II, COLUMN B, III. PART I, LINE 4A PURSUANT TO THE TERMS AND CONDITIONS STIPULATED IN IRA BERKOWITZ'S SEVERANCE AGREEMENT, THE ORGANIZATION PAID A SEVERANCE PAYMENT TO HIM IN THE AMOUNT OF $112,252 IN 2020. THIS PAYMENT WAS TREATED AS TAXABLE COMPENSATION TO THE RECIPIENT. PART I, LINE 7 BONUSES WERE PAID BASED ON THE PERFORMANCE OF THE INDIVIDUALS AND WITHIN THE APPROVED BUDGET. BONUSES WERE TAXABLE AND REPORTED ON THE INDIVIDUALS' 2020 FORM W-2S, AND REPORTED ON SCHEDULE J, PART II IN COLUMN B (II). X 3 1785900 AVG. SELLING PRICE 0 0 0 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART I, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD MEMBER: ROBERT DUGHI AND THE PRESIDENT: LISA DUGHI HAVE A FAMILY RELATIONSHIP. THE BOARD MEMBER: SANFORD WEILL AND BOARD MEMBER: MARC WEILL HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH NAF STAFF MEMBERS. THE RETURN PREPARED BY THE ACCOUNTING FIRM IS THEN REVIEWED BY THE ORGANIZATION'S FINANCE DEPARTMENT, AS WELL AS THE FINANCE AND AUDIT COMMITTEES OF THE BOARD OF DIRECTORS. THE ORGANIZATION'S FORM 990 IS THEN PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS BEFORE SUBMISSION OF THE RETURN TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C NAF HAS A CODE OF ETHICS/CONFLICT OF INTEREST POLICY REQUIRING ALL DIRECTORS, OFFICERS AND KEY PERSONS TO COMPLETE A CONFLICT OF INTEREST POLICY LETTER ANNUALLY. THE LETTERS ARE REVIEWED BY THE AUDIT COMMITTEE WHO DETERMINES IF A CONFLICT OF INTEREST EXISTS. IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE ACTIONS REQUIRED, INCLUDING PREVENTING THE INDIVIDUAL FROM PARTICIPATING IN DISCUSSION AND DECISIONS REGARDING THE MATTER. MINUTES OF THE MEETINGS OF THE AUDIT COMMITTEE WILL RECORD THE NAMES OF THE INTERESTED PERSONS, NATURE OF THE CONFLICT OF INTERESTS, AND THE FINAL DECISIONS MADE REGARDING THE CONFLICT OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 NAF HIRED AN INDEPENDENT COMPENSATION CONSULTANT TO PRODUCE A SALARY SURVEY IN 2019. NAF HAS SET COMPENSATION FOR SENIOR MANAGEMENT WITHIN THE RANGE OF THE GOING MARKET RATE FOR FUNCTIONALLY COMPARABLE POSITIONS HELD BY INDIVIDUALS WITH SIMILAR EXPERIENCE LEVELS AT SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION IS MAINTAINED IN NAFS RECORDS. A COMPENSATION COMMITTEE AND THE ENTIRE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR THE CEO, AS WELL AS ALL OTHER TOP MANAGEMENT AND KEY EMPLOYEES. THIS PROCESS WAS LAST UNDERTAKEN IN 2020. FORM 990, PART VI, SECTION C, LINE 19 NAF MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE; THE FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, GUIDESTAR.ORG, AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, FORM 1023, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 218 WEST 40TH STREET, 5TH FLOOR, NEW YORK, NY 10018. FORM 990, PART IX, LINE 11G MARKETING/COMMUNICATIONS CONSULTING FEES: PROGRAM SERVICE EXPENSES 239,977. MANAGEMENT AND GENERAL EXPENSES 71,209. FUNDRAISING EXPENSES 32,770. TOTAL EXPENSES 343,956. RESEARCH CONSULTING: PROGRAM SERVICE EXPENSES 158,222. MANAGEMENT AND GENERAL EXPENSES 46,950. FUNDRAISING EXPENSES 21,606. TOTAL EXPENSES 226,778. NAFTRACK FEES: PROGRAM SERVICE EXPENSES 51,810. MANAGEMENT AND GENERAL EXPENSES 15,374. FUNDRAISING EXPENSES 7,075. TOTAL EXPENSES 74,259. STAFFING: PROGRAM SERVICE EXPENSES 58,825. MANAGEMENT AND GENERAL EXPENSES 26,972. FUNDRAISING EXPENSES 44,485. TOTAL EXPENSES 130,282. PROGRAM SERVICE CONSULTING FEES: PROGRAM SERVICE EXPENSES 624,943. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 624,943. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 51,853. MANAGEMENT AND GENERAL EXPENSES 15,386. FUNDRAISING EXPENSES 7,081. TOTAL EXPENSES 74,320. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 47,247. TOTAL EXPENSES 47,247. STRATEGY SUPPORT: PROGRAM SERVICE EXPENSES 396,483. MANAGEMENT AND GENERAL EXPENSES 117,650. FUNDRAISING EXPENSES 54,141. TOTAL EXPENSES 568,274. FORM 990, PART XI, LINE 9: LOSS ON DISPOSAL OF ASSETS -106,047. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.