2021-10-26T05:39:10-05:00 2020-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2020-01-01 131084330 NATIONAL ASSOCIATION OF MANUFACTURERS OF THE UNITED STATES OF AMERICA NATI 2026373000 733 10TH STREET NW NO 700 WASHINGTON DC 20001 JAY TIMMONS PRESIDENT, CEO 2026373000 2021-10-26 1 JAY TIMMONS 999009999 J CALVIN MARKS P01226973 9197196400 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JAY TIMMONS 733 10TH STREET NW NO 700 WASHINGTON DC 20001 62486206 0 X WWW.NAM.ORG X 1905 NY TO ENHANCE THE COMPETITIVENESS OF MANUFACTURERS BY SHAPING A LEGISLATIVE AND REGULATORY ENVIRONMENT CONDUCIVE TO US ECONOMIC GROWTH AND TO INCREASE UNDERSTANDING AMONG POLICYMAKERS, THE MEDIA AND THE GENERAL PUBLIC ABOUT THE VITAL ROLE OF MANUFACTURING TO AMERICA'S ECONOMIC FUTURE AND LIVING STANDARDS. 175 174 163 178 63194 0 0 0 58990414 57124299 802450 1001208 42417 69397 59835281 58194904 0 0 0 0 30622901 30792142 0 200000 0 29695886 24398716 60318787 55390858 -483506 2804046 39811699 35115823 49932990 43645533 -10121291 -8529710 X TO ENHANCE THE COMPETITIVENESS OF MANUFACTURERS BY SHAPING A LEGISLATIVE AND REGULATORY ENVIRONMENT CONDUCIVE TO US ECONOMIC GROWTH AND TO INCREASE UNDERSTANDING AMONG POLICYMAKERS, THE MEDIA AND THE GENERAL PUBLIC ABOUT THE VITAL ROLE OF MANUFACTURING TO AMERICA'S ECONOMIC FUTURE AND LIVING STANDARDS. 0 0 POLICY & EXTERNAL AFFAIRS DIVISION: REPRESENTS AND COORDINATES ASSOCIATION COMMITTEES, SUBCOMMITTEES, AND TASK FORCES ON REGULATORY AND LEGISLATIVE ISSUES. MARKETING & MEMBERSHIP DIVISION: RECRUITS AND RETAINS MEMBERS, COORDINATES MEMBER RELATIONS AT LOCAL AND NATIONAL LEVEL. HOLDS NUMEROUS MEETINGS, SELLS PUBLICATIONS TO MEMBERS AND NONMEMBERS. COMMUNICATION DIVISION: A CLEARINGHOUSE OF INFORMATION FOR MEMBERS, PUBLISHES NEWSLETTERS TO MEMBERS, AND MANAGES WEBSITE. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 104 0 1 163 1 1 1 0 0 0 1 1 0 1 0 X 175 174 1 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X TIMOTHY ROGERS 2026373029 733 10TH STREET NW NO 700 WASHINGTON DC 20001 X JAY TIMMONS PRESIDENT & CEO (SEE SCH O) 40.00 2.00 X X 7440043 0 608115 ARIC NEWHOUSE SVP - POLICY & GR (SEE SCH O) 40.00 X 965302 0 32231 ERIN STREETER SVP - COMM (SEE SCH O) 40.00 X 818006 0 38615 JEFF PIERCE SVP - MEMB & SD (SEE SCH O) 40.00 X 804379 0 38615 LINDA KELLY SECRETARY (SEE SCH O) 40.00 X 796606 0 38615 TODD BOPPELL COO (SEE SCH O) 40.00 1.00 X 588794 0 38615 KEITH SMITH SVP - PUB AFFAIRS & MOBOLIZ (SEE SCH O) 40.00 X 555867 0 31361 CHRISTOPHER NETRAM VP-TAX (SEE SCH O) 40.00 X 456077 0 24369 JORDAN STOICK VP-GR (SEE SCH O) 40.00 X 448811 0 38578 ROBYN BOERSTLING VP-IIRHP (SEE SCH O) 40.00 X 438716 0 24365 CHRYSOVALANITIS KEFALAS VP-BRANDING (SEE SCH O) 40.00 X 415361 0 32129 CAROLYN LEE EXECUTIVE DIRECTOR, MI (SEE SCH O) 0.00 40.00 X 414893 0 38600 MICHAEL W LAMACH CHAIR OF THE BOARD 1.00 X X 0 0 0 JAMES FITTERLING VICE CHAIR OF THE BOARD 1.00 X X 0 0 0 MARY ANDRINGA HONORARY VICE CHAIR 1.00 X 0 0 0 MICHAEL CAMPBELL HONORARY VICE CHAIR 1.00 X 0 0 0 JOHN A LUKE HONORARY VICE CHAIR 1.00 X 0 0 0 DOUGLAS R OBERHELMAN HONORARY VICE CHAIR 1.00 X 0 0 0 DAVID T SEATON HONORARY VICE CHAIR 1.00 X 0 0 0 GREGG M SHERRILL HONORARY VICE CHAIR 1.00 X 0 0 0 DEV AHUJA BOARD MEMBER 1.00 X 0 0 0 KEITH J ALLMAN BOARD MEMBER 1.00 X 0 0 0 ALEJANDRO ALVAREZ BOARD MEMBER 1.00 X 0 0 0 JASON ANDRINGA BOARD MEMBER 1.00 X 0 0 0 BRIAN ANGELI BOARD MEMBER 1.00 X 0 0 0 TIMOTHY E BAILEY BOARD MEMBER 1.00 X 0 0 0 DOUGLAS M BAKER JR BOARD MEMBER 1.00 X 0 0 0 DAVID E BARENSFELD BOARD MEMBER 1.00 X 0 0 0 MATT BARR BOARD MEMBER 1.00 X 0 0 0 ROBERT BARRETT BOARD MEMBER 1.00 X 0 0 0 KURT R BAUER BOARD MEMBER 1.00 X 0 0 0 JEANNE BEACHAM BOARD MEMBER 1.00 X 0 0 0 SHERRI BEHRENDT BOARD MEMBER 1.00 X 0 0 0 ROBERT F BELDEN BOARD MEMBER 1.00 X 0 0 0 STEVAN B BOBB BOARD MEMBER 1.00 X 0 0 0 RONALD W BOLES BOARD MEMBER 1.00 X 0 0 0 CYNTHIA BOLT BOARD MEMBER 1.00 X 0 0 0 BOBBY BONO BOARD MEMBER 1.00 X 0 0 0 PAUL G BOYNTON BOARD MEMBER 1.00 X 0 0 0 JOHN L BRETT BOARD MEMBER 1.00 X 0 0 0 ERIC L BURKLAND BOARD MEMBER 1.00 X 0 0 0 DEAN BURROWS BOARD MEMBER 1.00 X 0 0 0 PATRICK BYRNE BOARD MEMBER 1.00 X 0 0 0 NEIL A CHAPMAN BOARD MEMBER 1.00 X 0 0 0 BRIAN CHEVLIN BOARD MEMBER 1.00 X 0 0 0 ANNETTE CLAYTON BOARD MEMBER 1.00 X 0 0 0 DEBRA CLEMENTS BOARD MEMBER 1.00 X 0 0 0 BERNARD W COLEMAN BOARD MEMBER 1.00 X 0 0 0 MELANIE K COOK BOARD MEMBER 1.00 X 0 0 0 JULIE B COPELAND BOARD MEMBER 1.00 X 0 0 0 MARK A CORDOVA BOARD MEMBER 1.00 X 0 0 0 ROBERT B CRAIN BOARD MEMBER 1.00 X 0 0 0 WALTER P CZARNECKI BOARD MEMBER 1.00 X 0 0 0 LANCE D'AMICO BOARD MEMBER 1.00 X 0 0 0 DAVID C DAUCH BOARD MEMBER 1.00 X 0 0 0 STEVE DEVOE BOARD MEMBER 1.00 X 0 0 0 MICHAEL J DITULLIO BOARD MEMBER 1.00 X 0 0 0 TED DOHENY II BOARD MEMBER 1.00 X 0 0 0 TIMOTHY J DONAHUE BOARD MEMBER 1.00 X 0 0 0 RON DRAPER BOARD MEMBER 1.00 X 0 0 0 MICHAEL R DUMAIS BOARD MEMBER 1.00 X 0 0 0 CHRISTIAN J EDWARDS BOARD MEMBER 1.00 X 0 0 0 EVERETT H EISSENSTAT BOARD MEMBER 1.00 X 0 0 0 PHILIP ELLENDER BOARD MEMBER 1.00 X 0 0 0 SUSAN ELLERBUSCH BOARD MEMBER 1.00 X 0 0 0 JOHN J ENGEL BOARD MEMBER 1.00 X 0 0 0 THOMAS C EVERS BOARD MEMBER 1.00 X 0 0 0 DAVID N FARR BOARD MEMBER 1.00 X 0 0 0 ANNE FORRISTALL LUKE BOARD MEMBER 1.00 X 0 0 0 ANNE FOULKES BOARD MEMBER 1.00 X 0 0 0 JEFF T FRENCH BOARD MEMBER 1.00 X 0 0 0 RICH F GIMMEL BOARD MEMBER 1.00 X 0 0 0 KARL G GLASSMAN BOARD MEMBER 1.00 X 0 0 0 DANIEL GLIER BOARD MEMBER 1.00 X 0 0 0 DREW GREENBLATT BOARD MEMBER 1.00 X 0 0 0 VICTOR GRIZZLE BOARD MEMBER 1.00 X 0 0 0 DAWN GROVE BOARD MEMBER 1.00 X 0 0 0 JEFFREY B GULDNER BOARD MEMBER 1.00 X 0 0 0 KEITH A HAAS BOARD MEMBER 1.00 X 0 0 0 RICHARD HAAS BOARD MEMBER 1.00 X 0 0 0 J SCOTT HALL BOARD MEMBER 1.00 X 0 0 0 HAROLD G HAMM BOARD MEMBER 1.00 X 0 0 0 JOHN HARTNER BOARD MEMBER 1.00 X 0 0 0 BRIAN L HECKLER BOARD MEMBER 1.00 X 0 0 0 ERIK HEGGEN BOARD MEMBER 1.00 X 0 0 0 ROBERT HILL BOARD MEMBER 1.00 X 0 0 0 CLARKSON HINE BOARD MEMBER 1.00 X 0 0 0 VICTORIA M HOLT BOARD MEMBER 1.00 X 0 0 0 DAVID A HOWELL BOARD MEMBER 1.00 X 0 0 0 FREDERICK S HUMPHRIES JR BOARD MEMBER 1.00 X 0 0 0 BARBARA HUMPTON BOARD MEMBER 1.00 X 0 0 0 KARL HUTTER BOARD MEMBER 1.00 1.00 X 0 0 0 ERIC ISBISTER BOARD MEMBER 1.00 X 0 0 0 KELLIE JOHNSON BOARD MEMBER 1.00 X 0 0 0 KRISTOFER T JOHNSON BOARD MEMBER 1.00 X 0 0 0 HAAKAN JONSSON PHD BOARD MEMBER 1.00 X 0 0 0 HENRI JUNG BOARD MEMBER 1.00 X 0 0 0 HANNAH KAIN BOARD MEMBER 1.00 X 0 0 0 PAMELA KAN BOARD MEMBER 1.00 X 0 0 0 VIMAL KAPUR BOARD MEMBER 1.00 X 0 0 0 MICHAEL C KARSONOVICH BOARD MEMBER 1.00 X 0 0 0 TIMOTHY J KEATING BOARD MEMBER 1.00 X 0 0 0 GAGE A KENT BOARD MEMBER 1.00 X 0 0 0 ODEH KHOURY BOARD MEMBER 1.00 X 0 0 0 KIMBERLY KORBEL BOARD MEMBER 1.00 X 0 0 0 RICHARD J KRAMER BOARD MEMBER 1.00 X 0 0 0 LAWRENCE E KURZIUS BOARD MEMBER 1.00 X 0 0 0 RICHARD G KYLE BOARD MEMBER 1.00 X 0 0 0 LEANDRO LECHETA BOARD MEMBER 1.00 X 0 0 0 JERRY LETENDRE BOARD MEMBER 1.00 X 0 0 0 PERSIO V LISBOA BOARD MEMBER 1.00 X 0 0 0 KEIRA L LOMBARDO BOARD MEMBER 1.00 X 0 0 0 JAMES M LOREE BOARD MEMBER 1.00 X 0 0 0 ANDREW LUNDQUIST BOARD MEMBER 1.00 X 0 0 0 ROBB MACKIE BOARD MEMBER 1.00 X 0 0 0 DUNCAN MACLEAN BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER L MAPES BOARD MEMBER 1.00 X 0 0 0 SCOTT MARION BOARD MEMBER 1.00 X 0 0 0 SUSAN MARVIN BOARD MEMBER 1.00 X 0 0 0 JOHN M MATHER BOARD MEMBER 1.00 X 0 0 0 MIKE MCDERMOTT BOARD MEMBER 1.00 X 0 0 0 JOHN J MCGIRR BOARD MEMBER 1.00 X 0 0 0 STEWART G MCMILLAN BOARD MEMBER 1.00 X 0 0 0 MARK A MEDLEY BOARD MEMBER 1.00 X 0 0 0 JAMES METCALF BOARD MEMBER 1.00 X 0 0 0 DOUGLAS R MEYER BOARD MEMBER 1.00 X 0 0 0 H GILES MILLER BOARD MEMBER 1.00 X 0 0 0 PATRICIA M MILLER BOARD MEMBER 1.00 X 0 0 0 RANDALL J MILLER BOARD MEMBER 1.00 X 0 0 0 SCOTT D MOORE BOARD MEMBER 1.00 X 0 0 0 GUY MOOS BOARD MEMBER 1.00 X 0 0 0 BLAKE D MORET BOARD MEMBER 1.00 X 0 0 0 JOHN G MORIKIS BOARD MEMBER 1.00 X 0 0 0 JOHN MORRIS BOARD MEMBER 1.00 X 0 0 0 SCOTT C MORRISON BOARD MEMBER 1.00 X 0 0 0 J LARRY NICHOLS BOARD MEMBER 1.00 X 0 0 0 CHRIS NIELSEN BOARD MEMBER 1.00 1.00 X 0 0 0 NATALIE NOTTAGE BOARD MEMBER 1.00 X 0 0 0 JAMES C O'ROURKE BOARD MEMBER 1.00 X 0 0 0 WILLIAM F OPLINGER BOARD MEMBER 1.00 X 0 0 0 SEEMA PAJULA BOARD MEMBER 1.00 X 0 0 0 ANTONIS PAPADOURAKIS BOARD MEMBER 1.00 X 0 0 0 CHARLES R PATTON BOARD MEMBER 1.00 X 0 0 0 ROY V PAULSON BOARD MEMBER 1.00 X 0 0 0 PETER M PEREZ BOARD MEMBER 1.00 X 0 0 0 C MICHAEL PETTERS BOARD MEMBER 1.00 X 0 0 0 RICE POWELL BOARD MEMBER 1.00 X 0 0 0 JOSEPH F PUISHYS BOARD MEMBER 1.00 X 0 0 0 BRUCE W PULKKINEN BOARD MEMBER 1.00 X 0 0 0 JOEL QUADRACCI BOARD MEMBER 1.00 X 0 0 0 PHILIP M RAIMONDO BOARD MEMBER 1.00 X 0 0 0 AUSTIN RAMIREZ BOARD MEMBER 1.00 X 0 0 0 MATTHEW S RAMSEY BOARD MEMBER 1.00 X 0 0 0 ALFRED M RANKIN JR BOARD MEMBER 1.00 X 0 0 0 JOE A RAVER BOARD MEMBER 1.00 X 0 0 0 RICHARD K REECE BOARD MEMBER 1.00 X 0 0 0 CHRIS ROTH BOARD MEMBER 1.00 X 0 0 0 DANIEL W RYAN BOARD MEMBER 1.00 X 0 0 0 LORI J RYERKERK BOARD MEMBER 1.00 X 0 0 0 HARRIE SCHIPPERS BOARD MEMBER 1.00 X 0 0 0 FRANK SCHOLZ BOARD MEMBER 1.00 X 0 0 0 RICK SCHOSTEK BOARD MEMBER 1.00 X 0 0 0 STEVE SCHULTE BOARD MEMBER 1.00 X 0 0 0 ALAN H SHAW BOARD MEMBER 1.00 X 0 0 0 COURTNEY SILVER BOARD MEMBER 1.00 X 0 0 0 JOSHUA L SMILEY BOARD MEMBER 1.00 X 0 0 0 WALLACE E SMITH BOARD MEMBER 1.00 X 0 0 0 DOUGLAS A STARRETT BOARD MEMBER 1.00 X 0 0 0 STEVE STAUB BOARD MEMBER 1.00 X 0 0 0 DAVID STEEL BOARD MEMBER 1.00 1.00 X 0 0 0 W FLETCHER STEELE BOARD MEMBER 1.00 X 0 0 0 JAMES F STERN BOARD MEMBER 1.00 X 0 0 0 LEE J STYSLINGER III BOARD MEMBER 1.00 X 0 0 0 CHARLES SUKUP BOARD MEMBER 1.00 X 0 0 0 DOUG SUTTLES BOARD MEMBER 1.00 X 0 0 0 GLEN TELLOCK BOARD MEMBER 1.00 X 0 0 0 CESAR VARGAS BOARD MEMBER 1.00 X 0 0 0 STEVEN C VOORHEES BOARD MEMBER 1.00 X 0 0 0 SCOTT WALTER BOARD MEMBER 1.00 X 0 0 0 KATHRYN E WENGEL BOARD MEMBER 1.00 1.00 X 0 0 0 CHARLES T WETHERINGTON BOARD MEMBER 1.00 X 0 0 0 W ANTHONY WILL BOARD MEMBER 1.00 X 0 0 0 DELLA H WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JEFFREY M WILLIAMS BOARD MEMBER 1.00 X 0 0 0 JOHN T WILLIAMS BOARD MEMBER 1.00 X 0 0 0 LISA WINTON BOARD MEMBER 1.00 X 0 0 0 NICOLE M WOLTER BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER C WOMACK BOARD MEMBER 1.00 X 0 0 0 KAREN BUCHWALD WRIGHT BOARD MEMBER 1.00 X 0 0 0 TIM YAGGI BOARD MEMBER 1.00 X 0 0 0 THOMAS YURA BOARD MEMBER 1.00 X 0 0 0 14142855 0 984208 94 0 1 0 HERALD GROUP 1800 M ST NW WASHINGTON DC 20036 CONSULTING SERVICES 5503574 ADVOC8 1250 4TH ST NE 2 FL WASHINGTON DC 20002 CONSULTING SERVICES 1071188 FTI (SC) CONSULTING INC 88 PINE ST NEW YORK NY 10005 CONSULTING SERVICES 689500 LIME MEDIA GROUP INC 2700 OBSERVATION TRAIL ROCKWALL TX 75032 CONSULTING SERVICES 559199 HARGROVE INC ONE HARGROVE DR LANHAM MD 20706 CONSULTING & PRODUCTION SERVICES 490326 29 MEMBER DUES 900099 38577399 38577399 ADVOCACY & LITIGATION 900099 10227399 10227399 SPONSORSHIPS 900099 4481500 4481500 MEMBER PROGRAMS 900099 2885685 2822491 63194 AFFILIATION FEES 900099 784012 784012 168304 168304 57124299 272787 272787 5019723 4291302 728421 728421 728421 AWARD APPLICATION FEES 900099 34280 34280 35117 35117 69397 58194904 52613885 63194 5517825 X 12795163 14323960 1037294 975185 1660540 1798384 89270 200000 6035791 6037456 1188887 3826533 286987 1554162 82173 375750 1354370 164381 TAXES 957858 SUBSCRIPTIONS 376503 MEMBERSHIP DUES 189150 TRAINING 31444 49617 55390858 5317387 8155182 7907424 8248812 995000 0 949226 1415401 704556 260162 11155348 5697001 6212716 5458347 13198662 9586000 15000 15000 2150000 1550000 2361728 426919 39811699 35115823 9208075 5297514 17645939 18806662 2205795 1621528 20873181 17919829 49932990 43645533 X -13272029 -11720509 3150738 3190799 -10121291 -8529710 39811699 35115823 X 2804046 -1171625 -40840 X 0 1 X 1 0 0 0 1 49588810 9196548 955765 10152313 9569414 582899 5975648 1125967 4849681 5179700 4571034 608666 5458347 DEFERRED RENT 8013883 ACCRUED PENSION LIABILITY 7358227 DEFERRED RETIREMENT 2112904 ACCRUED POST-RETIREMENT BENEFIT 434815 17919829 X PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT THE ASSOCIATION HAS PROPERLY MAINTAINED ITS EXEMPT STATUS AND THAT THERE ARE NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2020. X X X 1 BKZ CONSULTING INC 217 E MONTGOMERY AVE NORTH WALES PA 19454 FUNDRAISING CONSULTING 0 0 200000 0 200000 SCHEDULE G, PART I, LINE 2B, COLUMN (V) BKZ PROVIDED CONSULTING AND BACK OFFICE SUPPORT FOR THE CREATORS WANTED PROGRAM. X X X 1 1 X X X X X X 0 1 0 JAY TIMMONS PRESIDENT & CEO (SEE SCH O) 1442047 0 3226250 0 2771746 0 592300 0 15815 0 8048158 0 2590000 0 ARIC NEWHOUSE SVP - POLICY & GR (SEE SCH O) 499227 0 465625 0 450 0 22800 0 9431 0 997533 0 0 0 ERIN STREETER SVP - COMM (SEE SCH O) 395046 0 421250 0 1710 0 22800 0 15815 0 856621 0 0 0 JEFF PIERCE SVP - MEMB & SD (SEE SCH O) 416745 0 387184 0 450 0 22800 0 15815 0 842994 0 0 0 LINDA KELLY SECRETARY (SEE SCH O) 412031 0 382625 0 1950 0 22800 0 15815 0 835221 0 0 0 TODD BOPPELL COO (SEE SCH O) 395604 0 192500 0 690 0 22800 0 15815 0 627409 0 0 0 KEITH SMITH SVP - PUB AFFAIRS & MOBOLIZ (SEE SCH 288513 0 265086 0 2268 0 22800 0 8561 0 587228 0 0 0 CHRISTOPHER NETRAM VP-TAX (SEE SCH O) 253257 0 202471 0 349 0 22800 0 1569 0 480446 0 0 0 JORDAN STOICK VP-GR (SEE SCH O) 269002 0 179539 0 270 0 22800 0 15778 0 487389 0 0 0 ROBYN BOERSTLING VP-IIRHP (SEE SCH O) 250612 0 187760 0 344 0 22800 0 1565 0 463081 0 0 0 CHRYSOVALANITIS KEFALAS VP-BRANDING (SEE SCH O) 226887 0 188258 0 216 0 22800 0 9329 0 447490 0 0 0 CAROLYN LEE EXECUTIVE DIRECTOR, MI (SEE SCH O) 302638 0 110563 0 1692 0 22800 0 15800 0 453493 0 0 0 PART I, LINE 1A CEO IS PERMITTED TO TRAVEL FIRST CLASS. ALSO, THE CEO IS REIMBURSED FOR CLUB DUES. THESE BENEFITS ARE TAXABLE, BUT ARE GROSSED UP TO COVER THE TAX LIABILITY. PART I, LINE 4B JAY TIMMONS 457(F) PLAN COMPENSATED $569,500 DURING 2020 $2,590,000 FROM ACCUMULATED BALANCE WAS DISTRIBUTED AND TAXABLE IN 2020. FORM 990, PART VII, SECTION A, AND SCHEDULE J, PART II: NATIONAL ASSOCIATION OF MANUFACTURERS' NORMAL YEAR-END BONUS POLICY IS TO PAY THE CURRENT YEAR'S APPROVED BONUSES BY END OF THE FIRST MONTH OF THE FOLLOWING YEAR. DUE TO COVID19, MANAGEMENT DECIDED TO ALLOW STAFF INCLUDING MANAGEMENT TO BE ABLE TO ELECT TO RECEIVE THEIR APPROVED 2020 BONUSES EITHER AT THE END OF 2020 OR THE BEGINNING OF 2021. BELOW IS A SCHEDULE OF WHEN THE 2019 AND 2020 OFFICERS, KEY EMPLOYEES AND THE NEXT HIGHEST PAID EMPLOYEES BONUSES WERE PAID. IN ADDITION, JAY TIMMON'S W-2 INCOME ALSO INCLUDED THE PAYOUT OF HIS DEFERRED 457 (F) COMPENSATION FROM 2016-2020 THAT VESTED AS OF 12/31/20. THE AMOUNT OF THE PAY-OUT WAS $2,590,000. PERSON 2019 BONUS 2020 BONUS TOTAL BONUS REPORTED PAID IN 2020 PAID IN 2020 ON 2020 FORM 990 JAY TIMMONS $1,450,000 $1,776,250 $3,226,500 TODD BOPPELL $192,500 $-0- $192,500 LINDA KELLY $160,125 $222,500 $382,614 ARIC NEWHOUSE $190,625 $275,000 $465,625 JEFFREY PIERCE $162,184 $225,000 $387,184 ERIN STREET $152,500 $268,750 $421,250 KEITH SMITH $110,806 $155,000 $265,086 CHRISTOPHER NETRAM $70,821 $82,200 $153,021 JORDAN STOICK $68,819 $77,220 $146,039 ROBYN BOERSTLING $60,310 $81,300 $141,610 CHRYSOVALANITIS KEFALAS $70,208 $78,750 $148,958 CAROLYN LEE $110,563 $-0- $110,563 CAROLYN LEE IS PAID BY NAM FOR SERVICES RENDERED TO THE MANUFACTURING INSTITUTE. THE INSTITUTE REIMBURSES NAM FOR THE ENTIRE COST OF LEE'S COMPENSATION. FORM 990, PART VI, SECTION A, LINE 2 SINCE THE NAM'S BOARD IS APPROXIMATELY 200 AND ITS MEMBERS REPRESENT ALL TYPES OF MANUFACTURING FROM SMALL TO LARGE, WE ASSUME THAT DIRECTORS MAY HAVE FAMILY AND/OR BUSINESS RELATIONSHIPS WITH OTHER DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 THE DUES-PAYING MEMBERSHIP OF NAM HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A THE DUES-PAYING MEMBERSHIP OF NAM HAVE THE RIGHT TO ELECT MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B BOARD DECISIONS ARE SUBJECT TO APPROVAL OF THE MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE 2020 NAM IRS FORM 990 WAS PREPARED BY THE NAM CONTROLLER AND IN CONSULTATION WITH OUR ACCOUNTING FIRM. DRAFTS WERE REVIEWED AND APPROVED BY THE NAM CHIEF OPERATING OFFICER. THE ISSUE OF APPROPRIATE BOARD REVIEW WAS ADDRESSED BY THE CHAIRMAN AND VICE CHAIRMAN OF THE NAM BOARD. THEIR REVIEW TOOK INTO CONSIDERATION THE GOAL OF DISCLOSURE AND OVERSIGHT BY THE GOVERNING BODY CONSISTENT WITH THE INTENT AND SPIRIT IMPLIED IN QUESTION 11. IT WAS DECIDED THAT BECAUSE THE NAM BOARD CONSISTS OF OVER 200 MEMBERS, AND THAT THE FINANCE COMMITTEE PURSUANT TO THE NAM BYLAWS IS CHARGED WITH EXERCISING GENERAL SUPERVISION OVER THE FINANCIAL AFFAIRS OF THE ASSOCIATION, THAT THE FINANCE COMMITTEE SHOULD AND WOULD REVIEW THE 990. ACCORDINGLY, THE NAM FINANCE COMMITTEE DID RECEIVE AND REVIEW COPIES OF THE 2020 FORM 990 AND ACCOMPANYING SCHEDULES BEFORE IT WAS FILED AND THEN REPORTED THAT IT HAD DONE SO TO THE FULL BOARD. HOWEVER, PURSUANT TO THE SPECIFIC INSTRUCTIONS FOR THIS QUESTION, THE NAM HAS ANSWERED "NO". FORM 990, PART VI, SECTION B, LINE 12C THE NAM DISTRIBUTES IS CONFLICT OF INTEREST POLICY TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ON AN ANNUAL BASIS AND REQUIRES THAT EACH COMPLETE AN ANNUAL DISCLOSURE FORM REPORTING ALL CONFLICTS AND POTENIAL CONFLICTS. THE NAM HAS ALSO ESTABLISHED A CONFLICT OF INTEREST REPORTING PORTAL, ETHICS@NAM.ORG. COMPLIANCE WITH THE POLICY IS OVERSEEN BY THE AUDIT COMMITTEE OF THE NAM BOARD, WHICH RECEIVES REGULAR REPORTS ON COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE NAM'S COMPENSATION COMMITTEE, MADE UP OF BOARD MEMBERS, ANNUALLY DETERMINES THE CEO'S COMPENSATION. THE PROCESS INCLUDES REVIEWING DATA FROM OTHER LIKE ASSOCIATIONS, THIRD PARTY CONSULTANTS AND OTHER INDUSTRY DATA. THE COMMITTEE SETS THE ANNUAL SALARY AND ANY BONUS COMPENSATION AND PROVIDES DOCUMENTATION OF THEIR DECISIONS. IN ADDITION TO THE ANNUAL PERFORMANCE APPRAISAL SYSTEM, OFFICERS' ANNUAL COMPENSATION IS APPROVED BY THE NAM COMPENSATION COMMITTEE. THE COMMITTEE REVIEWS DATA FROM VARIOUS SOURCES, INCLUDING OTHER LIKE ASSOCIATIONS, THIRD PARTY CONSULTANTS, AND OTHER INDUSTRY DATA. THIS DATA HELPS TO DETERMINE THE COMPENSATION AND THE COMMITTEE PROVIDES DOCUMENTATION OF THEIR DECISIONS. ALL OTHER KEY EMPLOYEES RECEIVE ANNUAL EVALUATIONS AND COMPENSATION ADJUSTMENTS ARE MADE ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G RETAINED SPECIALISTS 3,699,042. OTHER FEES FOR SERVICES 2,206,673. PAYROLL FEES 61,991. BENEFIT PLAN & ACTUARIAL FEES 38,400. CONSULTANTS 29,685. FORM 990, PART XI, LINE 9: PENSION SETTLEMENT CHARGE -3,788,297. CHANGE IN PENSION AND POST-RETIREMENT BENEFIT LIABILITY 3,747,457. THE MANUFACTURING INSTITUTE 733 10TH STREET NW NO 700 WASHINGTON DC 20001 521073576 EDUCATIONAL FOUNDATION DC 501(C)(3) 7 NAM 0 MANUFACTURERS SERVICES INC 733 10TH STREET NW NO 700 WASHINGTON DC 20001 043769589 OFFERING NAM MEMBERS LOW-COST SERVICES DC N/A C 82352 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 1 0 0