2019-05-16T11:12:22-07:00 2018-12-31 832956170 r r CPAs PSC 1025 Dove Run Rd Ste 302 Lexington KY 40502 990 2018-01-01 611227864 National Association of State Procurement Officials Inc NATI 8595149159 110 West Vine Street Lexington KY 40507 Carol Wilson Treasurer 2019-05-16 true Thomas Cory Reitz P01407307 8593533100 2018 2019-02-21 02:37:17Z 110 West Vine Street 600 Lexington KY 40507 24880287 false false X www.naspo.org X 1947 KY HELP OUR MEMBERS ACHIEVE SUCCESS AS PUBLIC PROCUREMENT LEADERS IN THEIR STATES THROUGH PROMOTION OF BEST PRACTICES, EDUCATION, PROFESSIONAL DEVELOPMENT, RESEARCH, AND INNOVATIVE PROCUREMENT STRATEGIES. 40 40 45 400 0 2660 0 19436238 19013137 1938714 389157 11493 21374952 19413787 173851 0 2445796 4058111 0 0 13581035 13099163 16026831 17331125 5348121 2082662 70424830 72246819 0 70424830 72246819 HELP OUR MEMBERS ACHIEVE SUCCESS AS PUBLIC PROCUREMENT LEADERS IN THEIR STATES THROUGH PROMOTION OF BEST PRACTICES, EDUCATION, PROFESSIONAL DEVELOPMENT, RESEARCH, AND INNOVATIVE PROCUREMENT STRATEGIES. false false 9383159 18491539 RESEARCH, EDUCATION, AND COOPERATIVE PROCUREMENT SERVICES TO IMPROVE THE EFFICIENCY AND ECONOMY OF PUBLIC PURCHASING. 2512040 503935 CONFERENCES - EDUCATE MEMBERS ON THE LATEST DEVELOPMENTS IN STATE GOVERNMENT ISSUES AND EXPLORE INNOVATIVE SOLUTIONS TO COMMON PROBLEMS. 17663 PUBLICATIONS - EDUCATE AND INFORM MEMBERS OF TRENDS AND ANALYSIS OF ISSUES RELATING TO STATE GOVERNMENT PROCUREMENT. 11895199 true false false false false false false false false false false false false false false true false true false false false false false false false false false true false true false false false false false false false false false true false false false false false true true false false false false 17 0 true 45 true true true false false false false false false 0 false false false false false false false false false false false false X 40 40 false true false false true true true true true false false true true true true true true true true false KY X X National Association of State Proc 8595149159 110 West Vine Street Ste 600 Lexington KY 40507 Michael Jones President 1.00 0.00 X X 0 0 0 Christime Warnock Vice President 1.00 0.00 X X 0 0 0 Carol Wilson Treasurer 1.00 0.00 X X 0 0 0 Lawrence Maxwell Director 1.00 0.00 X 0 0 0 Lisa Eason Director 1.00 0.00 X 0 0 0 Robert Gleason Director 1.00 0.00 X 0 0 0 Betsy Hayes Director 1.00 0.00 X 0 0 0 Sarah Hilderbrand Director 1.00 0.00 X 0 0 0 Rosalyn Ingram Director 1.00 0.00 X 0 0 0 Cindy Lombardi Director 1.00 0.00 X 0 0 0 Kelly Sanders Director 1.00 0.00 X 0 0 0 Jason Soza Director 1.00 0.00 X 0 0 0 Valerie Bollinger - NASPO VP Chairman 1.00 0.00 X X 0 0 0 Debbie Dennis - NASPO VP Vice President 1.00 0.00 X X 0 0 0 Sarah Allen - NASPO VP Treasurer 1.00 0.00 X X 0 0 0 Anna Silva - NASPO VP Director 1.00 0.00 X 0 0 0 Jason Soza - NASPO VP Director 1.00 0.00 X 0 0 0 Steve Nettles - NASPO VP Director 1.00 0.00 X 0 0 0 Angela Shell - NASPO VP Director 1.00 0.00 X 0 0 0 John Chapman - NASPO VP Director 1.00 0.00 X 0 0 0 Meghan Holmuld - NASPO VP Director 1.00 0.00 X 0 0 0 Paula Tregre - NASPO VP Director 1.00 0.00 X 0 0 0 Gerard MacCrossan - NASPO VP Director 1.00 0.00 X 0 0 0 Gregg Olivera - NASPO VP Director 1.00 0.00 X 0 0 0 Kathleen Reilly - NASPO VP Director 1.00 0.00 X 0 0 0 George Schutter - NASPO VP Director 1.00 0.00 X 0 0 0 Pete Stamps - NASPO VP Director 1.00 0.00 X 0 0 0 Jeff Haag - NASPO VP Director 1.00 0.00 X 0 0 0 Devin Marquez - NASPO VP Director 1.00 0.00 X 0 0 0 Chad Keech - NASPO VP Director 1.00 0.00 X 0 0 0 Chris Hughes - NASPO VP Director 1.00 0.00 X 0 0 0 Cheral Manke - NASPO VP Director 1.00 0.00 X 0 0 0 Karen Boeger - NASPO VP Director 1.00 0.00 X 0 0 0 Eric Glenn - NASPO VP Director 1.00 0.00 X 0 0 0 Joan Graham - NASPO VP Director 1.00 0.00 X 0 0 0 Mike Howard - NASPO VP Director 1.00 0.00 X 0 0 0 Peter Korolyk Director 1.00 0.00 X 0 0 0 Steve Berg - NASPO VP Director 1.00 0.00 X 0 0 0 Betsy Hayes - NASPO VP Director 1.00 0.00 X 0 0 0 Deborah Damore - NASPO VP Director 1.00 0.00 X 0 0 0 Lindle Hatton - NASPO CEO 40.00 0.00 X 290754 0 24500 Douglas Richins - NASPO VP CEO 40.00 0.00 X 223819 0 23874 Susan Gonzalez Chief Conf & Events Officer 40.00 0.00 X 142630 0 5705 Dianne Lancaster Chief Learning Officer 40.00 0.00 X 177637 0 0 Jennifer Salts Chief Administrative Officer 40.00 0.00 X 174550 0 10473 Robert Sievert Chief Information Officer 40.00 0.00 X 134752 0 0 Robert Shealy Ed & Outreach Dir 40.00 0.00 X 179547 0 10773 Bartly Lemmon Supplier Dev Dir 40.00 0.00 X 176248 0 5871 Tim Hay Coop Dev Dir 40.00 0.00 X 152852 0 24342 Richard Carlson Contracts Cons 40.00 0.00 X 135641 0 1187 Kathryn Offerdahl-Joyce Website Prog Mgr 40.00 0.00 X 133841 0 4069 1922271 110794 11 false true false AMR Mangement Services 201 E Main St Ste 1405 Lexington KY 40507 Assoc Mgt Serv 1510778 IbisWorld Inc 11755 Wilshire Blvd 11th Floor Los Angeles CA 90025 Prof Services 307611 M Squared Instage Inc 2236 Northmont Pkwy Duluth GA 30096 Prof Event Serv 227012 Merkle Inc 29432 Network Place Chicago IL 606731432 Prof Services 969713 SciQuest Inc PO Box 952218 Dallas TX 753952218 Prof Services 421958 5 0 CONTRACTS 900099 18424197 18424197 FEES 900099 503935 503935 MEMBERSHIP DUES 900099 67342 67342 PUBLICATIONS 451211 17663 17663 19013137 1418540 1418540 0 0 0 4437117 5466500 -1029383 -1029383 -1029383 0 0 0 Miscellaneous Revenue 900099 11493 11493 11493 19413787 17995247 1418540 173851 173851 0 0 0 1208694 803072 405622 0 2625232 1797214 828018 0 0 224185 153475 70710 1454010 995404 458606 439058 300576 138482 6605 4522 2083 0 0 83406 57099 26307 0 771038 527847 243191 265845 181995 83850 1080362 739607 340755 0 82570 56527 26043 1753956 1200745 553211 0 2292661 1569538 723123 0 0 0 19851 13590 6261 CONTRACTS 3100272 2122422 977850 PROFESSIONAL DEVELOPMENT 1482846 1015145 467701 SPEAKER FEES 96239 65884 30355 SPECIAL PROJECTS 80272 54954 25318 90172 61732 28440 17331125 11895199 5435926 0 387696 1443142 54855950 50060115 0 0 0 0 0 0 0 0 15181184 20743562 0 0 0 0 70424830 72246819 0 0 X 70424830 72246819 70424830 72246819 70424830 72246819 X 2082662 -260673 X false true X true false X 445525 338000 70800 67308 67342 988975 16315625 17318433 19304683 19368930 19622795 91930466 0 0 0 16761150 17656433 19375483 19436238 19690137 92919441 0 0 92919441 1296761 1084284 936744 888975 1418540 5625304 0 1296761 1084284 936744 888975 1418540 5625304 0 0 18057911 18740717 20312227 20325213 21108677 98544745 0.94290 0.94610 0.05710 0.05390 X X 19153114 -260673 -260673 19413787 19413787 17331125 17331125 17331125 Part X : FIN48 Footnote THE ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH TAX TAKEN FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSTIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR POSSIBLE RELATED INTEREST OR PENALTIES. true Chemeketa Community College PO Box 1407 Salem OR 97309 5445 0 Scholarship funding Commonwealth of Massachusetts One Asbburton Pl Rm 1017 Boston MA 02108 18000 0 Internship grant State of Connecticut 165 Capitol Ave 5th Fl West Hartford CT 06106 15000 0 Internship grant State of Idaho PO Box 83720 Boise ID 83720 16000 0 Internship grant State of New York Corning Tower Albany NY 12242 16000 0 Internship grant State of Oregon 1225 Ferry St SE Salem OR 97301 24406 0 Internship grant State of Texas 111 East 17th St Austin TX 78774 16000 0 Internship grant State of Utah 2110 State Office Building Salt Lake City UT 84114 20000 0 Internship grant State of Wisconsin 101 East Wilson St Madison WI 53703 18000 0 Internship grant 2 7 X X X X false false false false false false false false false false Bartly Lemmon Supplier Dev Dir 176248 5871 182119 Dianne Lancaster Chief Learning Officer 177637 177637 Douglas Richins - NASPO VP CEO 223819 23874 247693 Jennifer Salts Chief Administrative Officer 174550 10473 185023 Lindle Hatton - NASPO CEO 290754 24500 315254 Robert Shealy Ed & Outreach Dir 179547 10773 190320 Tim Hay Coop Dev Dir 152852 24342 177194 MARC HATTON SON 126641 COMPENSATION false Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company NASPO OUTSOURCES SOME OPERATIONAL FUNCTIONS TO AMR MANAGEMENT SERVICES AND IN 2018 EMPLOYED A STAFF OF 29, INCLUDING LINDLE HATTON AS CEO. NASPO VALUEPOINT ALSO OUTSOURCES SOME OPERATIONAL FUNCTIONS TO AMR MANAGEMENT SERVICES AND EMPLOYS A STAFF OF 16, INCLUDING DOUG RICHINS AS CEO. AMR MANAGEMENT SERVICES IS A FULL-SERVICE ASSOCIATION MANAGEMENT COMPANY ACCREDITED BY THE AMC INSTITUTE. Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder NASPO IS A NON-STOCK, NONPROFIT ASSOCIATION WITH DUES PAYING MEMBERS. Form 990, Part VI, Line 7a: How Members or Shareholders Elect Governing Body NASPO HOLDS AN ANNUAL ELECTION PROCESS WHEREBY MEMBERS OF THE ASSOCIATION ARE NOMINATED BY THEIR PEERS OR CAN NOMINATE THEMSELVES TO SERVE ON THE GOVERNING BODY BY THE MEMBERSHIP AT THE ANNUAL BUSINESS MEETING OF THE ASSOCIATION. Form 990, Part VI, Line 7b: Describe Decisions of Governing Body Approval by Members or Shareholders NASPO???S BYLAWS DEFINE DECISIONS WHICH REQUIRE APPROVAL BY MEMBERS. MEMBERS MAY APPROVE THESE DECISIONS AT THE ANNUAL BUSINESS MEETING, SPECIAL MEETINGS AND BY ELECTRONIC VOTING METHODS. Form 990, Part VI, Line 11b: Form 990 Review Process UPON TAX PREPARER COMPLETION OF IRS FORM 990, THE FORM AND ACCOMPANYING SCHEDULES SHALL BE REVIEWED BY THE NASPO AND NASPO VALUEPOINT CHIEF EXECUTIVE OFFICERS. UPON THEIR APPROVAL, AN ELECTRONIC COPY OF THE FORM AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE JOINT AUDIT COMMITTEE AND NASPO BOARD OF DIRECTORS, ALONG WITH INSTRUCTIONS FOR PROVIDING COMMENTS AND QUESTIONS, IF ANY. A TWO-WEEK TIMEFRAME SHALL BE PROVIDED FOR COMMENTS OR QUESTIONS. QUESTIONS OR OTHER MATTERS THAT ARISE DURING THE REVIEW PERIOD SHALL BE ADDRESSED PROMPTLY. FOLLOWING THE TWO-WEEK REVIEW PERIOD, IF NO ADDITIONAL, UNANSWERED CONCERNS ARE IDENTIFIED, THE FILING VERSION OF THE FORM 990 AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE NASPO SECRETARY/TREASURER FOR AUTHORIZING SIGNATURE AND SUBMISSION TO THE INTERNAL REVENUE SERVICE. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts ON AN ANNUAL BASIS, ALL INTERESTED PERSONS, WHICH INCLUDE ANY MEMBER OF THE BOARD OF DIRECTORS, A PRINCIPAL OFFICER, OR A MEMBER OF A COMMITTEE WITH GOVERNING BODY DELEGATED POWERS, ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN AN ACKNOWLEDGMENT AND DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL COMPLETED FORMS ARE REVIEWED BY THE NASPO PRESIDENT AS DEFINED IN THE POLICY. A CONFLICT OF INTEREST IS A TRANSACTION OR RELATIONSHIP, WHICH PRESENTS OR MAY PRESENT A CONFLICT BETWEEN INTERESTED PERSON???S OBLIGATIONS TO NASPO AND THAT PERSON???S PERSONAL, BUSINESS, OR OTHER INTEREST. PROCEDURE FOR ADDRESSING A CONFLICT OF INTEREST: THE INTERESTED PERSON(S) MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT, AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE PRESIDENT SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILLIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER NASPO CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE BOARD OF DIRECTORS SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NASPO???S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THIS DETERMINATION. THE BOARD OF DIRECTORS SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top Management NASPO HAS A TASKFORCE FOR THE RECRUITMENT, EVALUATION OF APPLICATIONS SUBMITTED, AND TO MAKE RECOMMENDATIONS TO THE BOARD FOR TOP MANAGEMENT POSITIONS. THE TASK FORCE PERFORMS A RESEARCH / ASSESSMENT PROCESS FOR MANAGEMENT SALARIES. THE TASK FORCE RECOMMENDATIONS ARE PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL. Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees NASPO VALUEPOINT???S EXECUTIVE COMMITTEE AND THE CEO SEARCH/COMPENSATION COMMITTEE APPOINTED BY THE BOARD, REVIEWED AND UPDATED A CEO COMPENSATION STUDY THAT WAS COMMISSIONED BY NASPO VALUEPOINT A FEW YEARS EARLIER WHEN NASPO VALUEPOINT HIRED A CEO. THE STUDY COMPARED SALARIES AND BENEFITS OF SIMILAR SIZED NONPROFIT ORGANIZATIONS IN TERMS OF NUMBER OF EMPLOYEES, REVENUE/MEMBER DUES, ORGANIZATIONAL STRUCTURE, DUTIES AND RESPONSIBILITIES OF THE CEO, ETC. THE CEO SEARCH/COMPENSATION COMMITTEE PRESENTED ITS RECOMMENDATIONS TO THE NASPO EXECUTIVE COMMITTEE WHERE IT WAS DISCUSSED AND DELIBERATED. THE EXECUTIVE COMMITTEE THEN MADE ITS RECOMMENDATION (INCLUDING THE CEO SEARCH COMMITTEE???S RECOMMENDATION) TO THE NASPO BOARD WHERE FURTHER DISCUSSION AND DELIBERATIONS OCCURRED AND THE FINAL HIRING AND COMPENSATION DECISION WAS MADE. FURTHER, DURING THE PRESENTATION OF NASPO VALUEPOINT???S 2018 BUDGET, A 3% COST OF LIVING INCREASE WAS INCLUDED IN THE BUDGET FOR ALL EMPLOYEES OF NASPO VALUEPOINT. THE BOARD VOTED TO APRPOVE AS PRESENTED. AS A KEY EMPLOYEE, THIS DID NOT INCLUDE THE CEO. A SEPARATE MOTION WAS MADE AND SECONDED TO APPROVE A 3% SALARY INCREASE IN THE CEO???S COMPENSATION. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available No documents available to the public. FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: BEST PRACTICES, EDUCATION, PROFESSIONAL DEVELOPMENT, RESEARCH, AND INNOVATIVE PROCUREMENT STRATEGIES. FORM 990, PART VI, SECTION A, LINE 3: NASPO OUTSOURCES SOME OPERATIONAL FUNCTIONS TO AMR MANAGEMENT SERVICES AND IN 2017 EMPLOYED A STAFF OF 4, INCLUDING LINDLE HATTON AS CEO. NASPO VALUEPOINT ALSO OUTSOURCES SOME OPERATIONAL FUNCTIONS TO AMR MANAGEMENT SERVICES AND EMPLOYS A STAFF OF 16, INCLUDING DOUG RICHINS AS CEO. AMR MANAGEMENT SERVICES IS A FULL-SERVICE ASSOCIATION MANAGEMENT COMPANY ACCREDITED BY THE AMC INSTITUTE. FORM 990, PART VI, SECTION A, LINE 4: IN JUNE 2017, THE NASPO VALUEPOINT BOARD APPROVED INCREASING THE PERCENTAGE OF EXCESS REVENUE SHARED WITH NASPO FROM 50% TO 75%. THE PERCENTAGE CAN BE RE-EVALUATED BY THE MANAGEMENT WHENEVER THEY DEEM SO. THIS CHANGE WILL AFFECT THE PERCENTAGE OF EXCESS 2017 REVENUE TO BE SHARED WITH NASPO IN 2018; PAYABLE NO LATER THAN MARCH 30TH. FORM 990, PART VI, SECTION A, LINE 6: NASPO IS A NON-STOCK, NONPROFIT ASSOCIATION WITH DUES PAYING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A: NASPO HOLDS AN ANNUAL ELECTION PROCESS WHEREBY MEMBERS OF THE ASSOCIATION ARE NOMINATED BY THEIR PEERS OR CAN NOMINATE THEMSELVES TO SERVE ON THE GOVERNING BODY BY THE MEMBERSHIP AT THE ANNUAL BUSINESS MEETING OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B: NASPO'S BYLAWS DEFINE DECISIONS WHICH REQUIRE APPROVAL BY MEMBERS. MEMBERS MAY APPROVE THESE DECISIONS AT THE ANNUAL BUSINESS MEETING, SPECIAL MEETINGS AND BY ELECTRONIC VOTING METHODS. FORM 990, PART VI, SECTION B, LINE 11B: UPON TAX PREPARER COMPLETION OF IRS FORM 990, THE FORM AND ACCOMPANYING SCHEDULES SHALL BE REVIEWED BY THE NASPO AND NASPO VALUEPOINT CHIEF EXECUTIVE OFFICERS. UPON THEIR APPROVAL, AN ELECTRONIC COPY OF THE FORM AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE JOINT AUDIT COMMITTEE AND NASPO BOARD OF DIRECTORS, ALONG WITH INSTRUCTIONS FOR PROVIDING COMMENTS AND QUESTIONS, IF ANY. A TWO-WEEK TIMEFRAME SHALL BE PROVIDED FOR COMMENTS OR QUESTIONS. QUESTIONS OR OTHER MATTERS THAT ARISE DURING THE REVIEW PERIOD SHALL BE ADDRESSED PROMPTLY. FOLLOWING THE TWO-WEEK REVIEW PERIOD, IF NO ADDITIONAL, UNANSWERED CONCERNS ARE IDENTIFIED, THE FILING VERSION OF THE FORM 990 AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE NASPO SECRETARY/TREASURER FOR AUTHORIZING SIGNATURE AND SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C: ON AN ANNUAL BASIS, ALL INTERESTED PERSONS, WHICH INCLUDE ANY MEMBER OF THE BOARD OF DIRECTORS, A PRINCIPAL OFFICER, OR A MEMBER OF A COMMITTEE WITH GOVERNING BODY DELEGATED POWERS, ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN AN ACKNOWLEDGMENT AND DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL COMPLETED FORMS ARE REVIEWED BY THE NASPO PRESIDENT AS DEFINED IN THE POLICY. A CONFLICT OF INTEREST IS A TRANSACTION OR RELATIONSHIP, WHICH PRESENTS OR MAY PRESENT A CONFLICT BETWEEN INTERESTED PERSON'S OBLIGATIONS TO NASPO AND THAT PERSON'S PERSONAL, BUSINESS, OR OTHER INTEREST. PROCEDURE FOR ADDRESSING A CONFLICT OF INTEREST: THE INTERESTED PERSON(S) MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT, AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE PRESIDENT SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILLIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER NASPO CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE BOARD OF DIRECTORS SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NASPO'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THIS DETERMINATION. THE BOARD OF DIRECTORS SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15: DURING 2017, NASPO CREATED A TASKFORCE FOR THE RECRUITMENT, EVALUATION OF APPLICATIONS SUBMITTED, AND TO MAKE RECOMMENDATIONS TO THE BOARD FOR THE NEW POSITIONS OF CHIEF EXECUTIVE OFFICER (CEO) AND CHIEF LEARNING OFFICER (CLO). THE TASK FORCE ALSO PERFORMED A RESEARCH / ASSESSMENT PROCESS FOR THE CEO AND CLO SALARIES. THE TASK FORCE RECOMMENDATION WAS PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL. DURING 2017, NASPO VALUEPOINT'S EXECUTIVE COMMITTEE AND THE CEO SEARCH/COMPENSATION COMMITTEE APPOINTED BY THE BOARD, REVIEWED AND UPDATED A CEO COMPENSATION STUDY THAT WAS COMMISSIONED BY NASPO VALUEPOINT A FEW YEARS EARLIER WHEN NASPO VALUEPOINT HIRED A CEO. THE STUDY COMPARED SALARIES AND BENEFITS OF SIMILAR SIZED NONPROFIT ORGANIZATIONS IN TERMS OF NUMBER OF EMPLOYEES, REVENUE/MEMBER DUES, ORGANIZATIONAL STRUCTURE, DUTIES AND RESPONSIBILITIES OF THE CEO, ETC. THE CEO SEARCH/COMPENSATION COMMITTEE PRESENTED ITS RECOMMENDATIONS TO THE NASPO EXECUTIVE COMMITTEE WHERE IT WAS DISCUSSED AND DELIBERATED. THE EXECUTIVE COMMITTEE THEN MADE ITS RECOMMENDATION (INCLUDING THE CEO SEARCH COMMITTEE'S RECOMMENDATION) TO THE NASPO BOARD WHERE FURTHER DISCUSSION AND DELIBERATIONS OCCURRED AND THE FINAL HIRING AND COMPENSATION DECISION WAS MADE. FURTHER, DURING THE PRESENTATION OF NASPO VALUEPOINT'S 2018 BUDGET, A 3% COST OF LIVING INCREASE WAS INCLUDED IN THE BUDGET FOR ALL EMPLOYEES OF NASPO VALUEPOINT. THE BOARD VOTED TO APRPOVE AS PRESENTED. AS A KEY EMPLOYEE, THIS DID NOT INCLUDE THE CEO. A SEPARATE MOTION WAS MADE AND SECONDED TO APPROVE A 3% SALARY INCREASE IN THE CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19: POSTS PAST THREE YEARS' FORM 990S TO THE ORGANIZATION'S WEBSITE, ALSO POSTS AN ACKNOWLEDGMENT OF THE ORGANIZATION'S COMPLIANCE WITH THE IRS CODE FOR PUBLIC INSPECTION REQUIREMENTS, WITH INSTRUCTIONS FOR CONTACTING THE ORGANIZATION'S HEADQUARTERS TO ARRANGE IN- PERSON INSPECTION AND/OR FURNISH COPIES ON REQUEST, INCLUDING FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS. FORM 990, PART XI, LINE 9, CHANGES IN NET ASSETS: CHANGE IN ACCOUNTING PRINCIPLE -355,102. PART XII, LINE 1 DURING THE YEAR ENDED DECEMBER 31, 2017, THE BOARD OF DIRECTORS ELECTED TO MODIFY NASPO'S ACCOUNTING FRAMEWORK TO BE MORE CONSISTENT WITH A CASH BASIS ENTITY. THE MODIFICATION REMOVED PREVIOUS ADJUSTMENTS FOR PREPAID EXPENSES, PAYROLL LIABILITIES, AND DEFERRED INCOME. NASPO ELECTED THIS MODIFICATION TO IMPROVE BUDGETING PROCESSES AND PERFORMANCE MONITORING. NET ASSETS AS OF THE BEGINNING OF THE YEAR HAVE BEEN RESTATED TO INCLUDE ONLY CASH AND INVESTMENTS. THE EFFECT OF THIS MODIFICATION WAS TO INCREASE THE BEGINNING NET ASSETS OF NASPO BY $28,110 AND TO DECREASE THE BEGINNING NET ASSETS OF NASPO VALUEPOINT BY $383,212. NASPO ValuePoint 110 W Vine St Ste 600 Lexington KY 40507 800881401 Manage national cooperative purchasing program KY 19044522 53224497 NASPO NASPO ValuePoint 110 W Vine St Ste 600 Lexington KY 40507 800881401 Manage national coop purch prog KY 501(c)(3) Line 10 NASPO false false false true false false false false false false false false false false false false false false false false NASPO ValuePoint c 10117095 75% of net inc