2020-08-11T14:11:45-05:00 2019-09-30 560747981 DIXON HUGHES GOODMAN LLP 1410 SPRING HILL ROAD SUITE 500 TYSONS VA 221023056 990 2018-10-01 710435097 NATIONAL ASSOCIATION OF STATE DIRECTORS OF SPECIAL EDUCATION INC NATI 7035193800 1800 DIAGONAL ROAD NO 600 ALEXANDRIA VA 22314 JOHN EISENBERG EXECUTIVE DIRECTOR 7035193800 2020-08-11 1 LINDSEY KHOKHAR P01755218 7039700400 2020-08-05 72.83.8.66 2020-08-11 12:52:36 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 839A658C77C9BD915FB92B1F12127266767FB63C 2018 2020-09-23 17:36:50Z JOHN EISENBERG 1800 DIAGONAL ROAD NO 600 ALEXANDRIA VA 22314 1944236 0 X WWW.NASDSE.ORG X 1938 FL NASDSE WAS FOUNDED FOR THE PURPOSE OF PROMOTING AND SUPPORTING EDUCATION PROGRAMS FOR STUDENTS WITH DISABILITIES IN THE U.S. AND OUTLYING AREAS. 8 8 10 0 0 0 0 0 1766594 1886696 63005 55277 2237 2263 1831836 1944236 0 0 0 0 1197334 1154861 0 0 0 915957 905397 2113291 2060258 -281455 -116022 3058688 3255246 730899 1043479 2327789 2211767 NASDSE WAS FOUNDED FOR THE PURPOSE OF PROMOTING AND SUPPORTING EDUCATION PROGRAMS FOR STUDENTS WITH DISABILITIES IN THE U.S. AND OUTLYING AREAS. 0 0 961972 961972 TO DEVELOP PROGRAMS FOR THE EDUCATION OF EXCEPTIONAL CHILDREN, YOUTH AND ADULTS BOTH HANDICAPPED AND GIFTED THROUGH FEDERAL PROGRAMS 165123 926987 TO AID STATE EDUCATION AGENCIES THROUGH VARIOUS PROGRAMS, PERIODICALS AND MEETINGS. 1127095 1 0 0 1 0 0 0 0 0 1 0 0 0 0 0 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 11 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 X EXECUTIVE DIRECTOR 7035193800 1800 DIAGONAL ROAD ALEXANDRIA VA 22314 JAMIE WONG PRESIDENT 2.00 X 0 0 0 SANTINA THIBEDEAU PAST PRESIDENT 2.00 X 0 0 0 STEVE MILLIKEN MEMBER AT LARGE, PRESIDENT ELECT 2.00 X 0 0 0 MONICA VERRA-TIRADO SECRETARY 2.00 X 0 0 0 BARBARA GUY MEMBER AT LARGE 2.00 X 0 0 0 BARBARA VAN HAREN MEMBER AT LARGE 2.00 X 0 0 0 LINDA TURNER MEMBER AT LARGE 2.00 X 0 0 0 ZELPHINE SMITH-DIXON MEMBER AT LARGE 2.00 X 0 0 0 THERON BILL EAST EXECUTIVE DIRECTOR 40.00 X 238376 0 23873 JOHN EISENBERG EXECUTIVE DIRECTOR (START 12/2018) 40.00 X 6251 0 0 JOANNE CASHMAN MEMBER SERVICES 40.00 X 115260 0 12081 PATRICE LINEHAN PROJECT DIRECTOR 40.00 X 104964 0 12107 464851 0 48061 3 0 1 0 0 FEDERAL CONTRACTS, GRA 900099 961972 961972 MEMBERSHIP DUES 900099 535914 535914 ANNUAL MEETING 900099 199314 199314 AFFINITY GROUPS 900099 91775 91775 BUSINESS PLAN 900099 37869 37869 59852 59852 1886696 55277 55277 OTHER 900099 2263 2263 2263 1944236 1888959 0 55277 X 258619 67003 191616 676926 371977 304949 57934 35074 22860 161382 81519 79863 78000 78000 17500 17500 237004 141011 95993 81164 12529 68635 49481 15996 33485 142607 142607 110864 46884 63980 129092 129092 TELEPHONE 24610 10206 14404 TAXES, INSURANCE AND OT 18431 18431 PUBLICATIONS/SUBSCRIPTI 12555 12555 MOVING EXPENSE 2978 2978 1111 215804 -214693 2060258 1127095 933163 0 457970 632645 2121313 1975347 301070 447291 27547 56754 0 0 131659 137711 19129 5498 3058688 3255246 236153 366388 484169 677091 10577 0 730899 1043479 X 2189816 2062158 132973 144609 5000 5000 2327789 2211767 3058688 3255246 -116022 0 X X 0 1 X 1 1 1 X 2211819 2113908 1661958 1413110 1497886 8898681 295559 547954 162990 355721 391073 1753297 2507378 2661862 1824948 1768831 1888959 10651978 0 0 0 10651978 61182 74174 70329 63005 55277 323967 61182 74174 70329 63005 55277 323967 2568560 2736036 1895277 1831836 1944236 10975945 0.97050 0.97030 0.02950 0.02970 X 2572 2572 2057686 2060258 253013 63253 0 0 443938 253246 255665 253013 1205862 1808793 6541 6784 4294 2572 20191 110985 63312 63916 63253 301466 452199 5000 5000 5000 5000 5000 5000 5000 5000 5000 5000 0.00000 1.00000 0.00000 0 0 0 X 1944236 0 1944236 0 1944236 2060258 0 2060258 0 2060258 PART V, LINE 4: THE ASSOCIATION'S ENDOWMENT CONSISTS OF ONE FUND ESTABLISHED FOR THE PURPOSE OF FUNDING OPERATIONS AND SPECIFIED PROGRAMS. THE ENDOWMENT FUND INCLUDES DONOR-RESTRICTED FUNDS ONLY. AS REQUIRED BY GAAP, NET ASSETS ASSOCIATED WITH ENDOWMENT FUNDS ARE CLASSIFIED AND REPORTED BASED ON THE EXISTENCE OR ABSENCE OF DONOR-IMPOSED RESTRICTIONS. INTERPRETATION OF RELEVANT LAW: THE BOARD OF DIRECTORS OF THE ASSOCIATION HAS INTERPRETED THE VIRGINIA UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT (UPMIFA) AS REQUIRING THE PRESERVATION OF THE FAIR VALUE OF THE ORIGINAL GIFTS AS OF THE GIFT DATE OF THE DONOR-RESTRICTED ENDOWMENT FUNDS ABSENT EXPLICIT DONOR STIPULATIONS TO THE CONTRARY. AS A RESULT OF THIS INTERPRETATION, THE ASSOCIATION CLASSIFIES AS PERMANENTLY RESTRICTED NET ASSETS (A) THE ORIGINAL VALUE OF GIFTS DONATED TO THE PERMANENT ENDOWMENT, (B) THE ORIGINAL VALUE OF SUBSEQUENT GIFTS TO THE PERMANENT ENDOWMENT, AND (C) ACCUMULATIONS TO THE PERMANENT ENDOWMENT MADE IN ACCORDANCE WITH THE DIRECTION OF THE APPLICABLE DONOR GIFT INSTRUMENT AT THE TIME THE ACCUMULATION IS ADDED TO THE FUND. THE REMAINING PORTION OF THE DONOR-RESTRICTED ENDOWMENT FUND THAT IS NOT CLASSIFIED IN NET ASSETS WITH DONOR RESTRICTIONS PERPETUAL IN NATURE IS CLASSIFIED AS NET ASSETS WITH DONOR RESTRICTIONS SUBJECT TO EXPENDITURE FOR A SPECIFIC PURPOSE UNTIL THOSE AMOUNTS ARE APPROPRIATED FOR EXPENDITURE BY THE ASSOCIATION IN A MANNER CONSISTENT WITH THE STANDARD OF PRUDENCE PRESCRIBED BY UPMIFA. IN ACCORDANCE WITH UPMIFA, THE ASSOCIATION CONSIDERS THE FOLLOWING FACTORS IN MAKING A DETERMINATION TO APPROPRIATE OR ACCUMULATE DONOR-RESTRICTED ENDOWMENT FUNDS: 1. THE DURATION AND PRESERVATION OF THE FUND 2. THE PURPOSES OF THE ASSOCIATION AND THE DONOR-RESTRICTED ENDOWMENT FUND 3. GENERAL ECONOMIC CONDITIONS 4. THE POSSIBLE EFFECTS OF INFLATION AND DEFLATION 5. THE EXPECTED TOTAL RETURN FROM INCOME AND THE APPRECIATION OF INVESTMENTS 6. OTHER RESOURCES OF THE ASSOCIATION 7. THE INVESTMENT POLICIES OF THE ASSOCIATION RETURN OBJECTIVES AND RISK PARAMETERS: THE ASSOCIATION HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT FUNDS WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE ASSOCIATION MUST HOLD IN PERPETUITY. UNDER THE POLICY, AS APPROVED BY THE BOARD OF DIRECTORS, THE ENDOWMENT ASSETS PRIMARY INVESTMENT OBJECTIVE IS TO EMPHASIZE LONG-TERM GROWTH OF PRINCIPAL WHILE AVOIDING EXCESSIVE RISK. SHORT-TERM VOLATILITY WILL BE TOLERATED IN AS MUCH AS IT IS CONSISTENT WITH THE VOLATILITY OF A COMPARABLE MARKET INDEX. THE SECONDARY INVESTMENT OBJECTIVE IS TO ACHIEVE RETURNS IN EXCESS OF THE RATE OF INFLATION OVER THE INVESTMENT HORIZON IN ORDER TO PRESERVE PURCHASING POWER OF PLAN ASSETS. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. STRATEGIES EMPLOYED FOR ACHIEVING OBJECTIVES: TO SATISFY ITS LONG-TERM RATE-OF-RETURN OBJECTIVES, THE ASSOCIATION RELIES ON A TOTAL RETURN STRATEGY IN WHICH INVESTMENT RETURNS ARE ACHIEVED THROUGH BOTH CAPITAL APPRECIATION (REALIZED AND UNREALIZED) AND CURRENT YIELD (INTEREST AND DIVIDENDS). SPENDING POLICY AND HOW THE INVESTMENT OBJECTIVES RELATE TO SPENDING POLICY: INCOME, GENERATED BY ASSETS HELD IN ENDOWMENT FUNDS, IS APPROPRIATED FOR DISTRIBUTION AND SPENT FROM UNRESTRICTED NET ASSETS ANNUALLY. THE ENDOWMENT PRINCIPAL IS MAINTAINED AT AMOUNTS ORIGINALLY CONTRIBUTED. CHANGES IN ENDOWMENT NET ASSETS: THERE WERE NO CHANGES IN THE ENDOWMENT DURING THE YEARS ENDED SEPTEMBER 30, 2019 AND 2018. THE ENDOWMENT FUND BALANCE WAS $5,000 AT SEPTEMBER 30, 2019 AND 2018. FUNDS WITH DEFICIENCIES: FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THAT THE DONOR OR UPMIFA REQUIRES THE ASSOCIATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO SUCH DEFICIENCIES AS OF SEPTEMBER 30, 2019 AND 2018. PART X, LINE 2: NASDSE IS EXEMPT FROM FEDERAL INCOME TAX AS A NONPROFIT ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. THE ASSOCIATION DID NOT HAVE A LIABILITY FOR UNRELATED BUSINESS INCOME FOR THE YEARS ENDED SEPTEMBER 30, 2019 AND 2018. THE MATERIAL JURISDICTIONS SUBJECT TO POTENTIAL EXAMINATION BY TAXING AUTHORITIES ARE THE U.S. AND VIRGINIA. THE BOARD DOES NOT BELIEVE THAT THE ULTIMATE OUTCOME OF ANY FUTURE EXAMINATIONS OF OPEN TAX YEARS WILL HAVE A MATERIAL IMPACT ON THE ASSOCIATION'S RESULTS OF OPERATIONS. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE IRS ARE 2016 THROUGH 2019. X X 0 0 0 0 0 0 0 0 0 THERON BILL EAST EXECUTIVE DIRECTOR 238376 0 0 0 0 0 23873 0 0 0 262249 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHICH CONSISTS OF THE PRINCIPLE STATE SPECIAL EDUCATION OFFICER IN EACH OF THE STATES AND TERRITORIES. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS - ALLOWED TO VOTE ON ORGANIZATION BUSINESS PRESENTED AT ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION B, LINE 11B PRESIDENT REVIEWS FORM 990 PRIOR TO FILING AND PROVIDES COPY TO TREASURER (INDEPENDENT MEMBER OF THE BOARD OF DIRECTORS). FORM 990, PART VI, SECTION B, LINE 15 THE CEO REVIEW IS ANNUALLY PERFORMED BY THE BOARD OF DIRECTORS. RECORDS ARE KEPT OF THESE DISCUSSIONS. FORM 990, PART VI, SECTION C, LINE 18 AVAILABLE AT REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE POLICIES AND GOVERNING DOCUMENTS ARE NOT AVAILABLE TO THE GENERAL PUBLIC. FORM 990, PART IX, LINE 11G CONSULTANTS AND RELATED EXPENSES: PROGRAM SERVICE EXPENSES 141,011. MANAGEMENT AND GENERAL EXPENSES 95,993. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 237,004. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.