2019-11-14T08:00:04-06:00 2018-12-31 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2018-01-01 952237749 NATIONAL ASSOCIATION OF CONVENIENCE STORES NATI 7035184225 1600 DUKE STREET NO 7TH FL ALEXANDRIA VA 223143436 HENRY O ARMOUR PRESIDENT & CEO 7036843600 2019-11-13 1 FREDERICK LONGWOOD P00439715 2022932200 216.59.105.130 2019-11-13 14:49:55 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 84F855044C5423B3F87203E445CCE70BEA9C08F5 2018 2020-04-17 16:48:07Z NACS HENRY O ARMOUR 1600 DUKE STREET NO 7TH FL ALEXANDRIA VA 223143436 42384742 0 X WWW.NACSONLINE.COM X 1961 VA TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY. 31 30 80 275 2444828 107525 0 507000 38537798 37607944 2167525 2061867 -619843 -874011 40085480 39302800 216200 215000 0 0 15913857 16569137 0 0 0 21780686 21099021 37910743 37883158 2174737 1419642 63394963 62493507 12362280 14429044 51032683 48064463 X THE MISSION OF NACS IS TO REPRESENT THE CONVENIENCE AND PETROLEUM RETAILING INDUSTRY AND TO PROVIDE THE KNOWLEDGE, CONNECTIONS, AND ADVOCACY NECESSARY TO ASSIST OUR MEMBERS IN MAXIMIZING THEIR EFFECTIVENESS AND PROFITABILITY. 0 0 NACS HOLDS SEVERAL CONFERENCES AND EXHIBITS TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY. THE NACS SHOW IS THE PREMIER EXPO AND CONVENTION FOR THE CONVENIENCE STORE AND FUELS MARKETING INDUSTRY, PRESENTING NUMEROUS EXHIBITS, WORKSHOPS, AND NETWORKING OPPORTUNITIES. THE NACS STATE OF THE INDUSTRY SUMMIT PROVIDES AN OPPORTUNITY FOR ATTENDEES TO LEARN THE LATEST AND BEST OPERATIONAL AND FINANCIAL PERFORMANCE STRATEGIES. OTHER CONFERENCES AND SEMINARS ARE HELD THROUGHOUT THE YEAR ON VARIOUS EDUCATIONAL TOPICS. NACS' GOVERNMENT RELATIONS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF NACS, LOBBYING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES WITH REGARD TO ISSUES RELATED TO THE CONVENIENCE STORE AND PETROLEUM MARKETING INDUSTRY. NACS ALSO CONDUCTS LEGISLATIVE SURVEYS, AND KEEPS MEMBERS AND OTHER INTERESTED PARTIES UPDATED ON IMPORTANT LEGISLATIVE ISSUES. NACS' MEMBER SERVICES SEGMENT REPRESENTS ACTIVITIES TO LEAD THE STRATEGIC DIRECTION OF MEMBERSHIP DEVELOPMENT, CUSTOMER INVOLVEMENT AND SATISFACTION, INDUSTRY IMAGE, AND THE IMPACT OF THESE ON INDUSTRY PERFORMANCE AND THE ADVANCEMENT OF THE CONVENIENCE STORE INDUSTRY. NACS' RESEARCH AND TECHNOLOGY ACTIVITY REPRESENTS ACTIVITIES RELATED TO THE ONGOING COMPETITIVE VIABILITY OF THE CONVENIENCE STORE INDUSTRY. PROJECTS INCLUDE: INDUSTRY BENCHMARKS, TECHNOLOGY IMPLEMENTATIONS, PRODUCTS THAT ENHANCE THE EFFICIENCY OF CHANNEL OPERATIONS, CUSTOMER METRICS, AND CONSUMER SHOPPING BEHAVIOR. 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 82 0 1 80 1 1 1 1 UK 0 0 1 1 0 0 0 X 31 30 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X BRIAN KIMMEL 7036843600 1600 DUKE STREET ALEXANDRIA VA 223143436 HENRY ARMOUR PRESIDENT & CEO 39.00 1.00 X X 3569236 0 66911 FRANK GLEESON CHAIRMAN (BEG 10/18) 1.00 1.00 X X 0 0 0 ARI N HASEOTES VICE CHAIRMAN 1.00 1.00 X X 0 0 0 RICHARD PARRY VICE CHAIRMAN 1.00 1.00 X X 0 0 0 ANDY JONES VICE CHAIRMAN, RESEARCH 1.00 2.00 X X 0 0 0 DONALD RICHARD RHOADS VICE CHAIRMAN 1.00 1.00 X X 0 0 0 JARED SCHEELER VICE CHAIRMAN, MEMBER SVC. 1.00 1.00 X X 0 0 0 JULIE JACKOWSKI VICE CHAIRMAN, TREASURER 1.00 1.00 X X 0 0 0 WENDY CHRONISTER VICE CHAIRMAN, CONVENTION 1.00 1.00 X X 0 0 0 KEVIN SMARTT VICE CHAIRMAN, LEGISLATIVE 1.00 1.00 X X 0 0 0 RAHIM BUDHWANI PAST CHAIRMAN 1.00 2.00 X X 0 0 0 JOSEPH S SHEETZ PAST CHAIRMAN (BEG 10/18) 1.00 2.00 X X 0 0 0 RACHEL WALLIS-ANDREASSON BOARD MEMBER 1.00 0.00 X 0 0 0 CHRIS COBORN BOARD MEMBER 1.00 0.00 X 0 0 0 LISA DELL'ALBA BOARD MEMBER 1.00 0.00 X 0 0 0 JOSEPH DEPINTO BOARD MEMBER 1.00 0.00 X 0 0 0 BHAGDEEP S DHALIWAL BOARD MEMBER 1.00 0.00 X 0 0 0 ANNE GAUTHIER BOARD MEMBER (BEG 10/18) 1.00 0.00 X 0 0 0 CHRISTOPHER GHEYSENS BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN HANNASCH BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM B KENT BOARD MEMBER 1.00 0.00 X 0 0 0 NICOLAS MAYHEW LACAILLADE BOARD MEMBER (BEG 10/18) 1.00 0.00 X 0 0 0 CHUCK MAGGELET BOARD MEMBER 1.00 0.00 X 0 0 0 CHUCK MCDANIEL BOARD MEMBER 1.00 0.00 X 0 0 0 CHARLES C MCILVAINE BOARD MEMBER 1.00 0.00 X 0 0 0 WILLIAM C MILAM III BOARD MEMBER 1.00 0.00 X 0 0 0 KEN PARENT BOARD MEMBER 1.00 0.00 X 0 0 0 JOSE VICTOR PARDO PATERNO BOARD MEMBER 1.00 0.00 X 0 0 0 GLENN M PLUMBY BOARD MEMBER 1.00 0.00 X 0 0 0 STEPHEN CHRISTOPHER SPINKS BOARD MEMBER 1.00 0.00 X 0 0 0 DREW MIZE BOARD MEMBER 1.00 0.00 X 0 0 0 DAVID RISER BOARD MEMBER 1.00 0.00 X 0 0 0 LEOCADIO DE ALMEIDA ANTUNES FILHO BOARD MEMBER (THRU 10/18) 1.00 0.00 X 0 0 0 ARTHUR STAWSKI SR BOARD MEMBER (THRU 10/18) 1.00 0.00 X 0 0 0 JAY ARD BOARD MEMBER (THRU 10/18) 1.00 0.00 X 0 0 0 LYLE BECKWITH SR. VP, GOV'T RELATIONS 40.00 0.00 X 719339 0 54004 BRIAN KIMMEL SR. VP, & CFO, FINANCE & S 40.00 0.00 X 539393 0 54621 MICHAEL DAVIS VP, MEMBER SERVICES 40.00 0.00 X 353831 0 57692 ROBERT HUGHES VP, SUPPLIER RELATIONS & E 40.00 0.00 X 364892 0 62120 JEFF LENARD VP, STRATEGIC INDUSTRY INI 40.00 0.00 X 265488 0 67773 ERIN PRESSLEY VP, PUBLISHING 40.00 0.00 X 238761 0 46044 DAE KIM VP, RESEARCH 39.00 1.00 X 371395 0 54163 JOHN EICHBERGER EXECUTIVE DIRECTOR, TFI 33.40 6.60 X 310232 61303 33796 LEROY KELSEY DIRECTOR, RESEARCH 40.00 0.00 X 176333 0 34875 ANNA READY DIRECTOR, GOVERNMENT RELAT 40.00 0.00 X 233772 0 27805 PAIGE ANDERSON DIRECTOR, GOV RELATIONS 40.00 1.00 X 177824 0 31013 JONATHAN TAETS DIRECTOR, GOV RELATIONS 39.00 0.00 X 178170 0 35122 STACEY DODGE ADVERTISING DIRECTOR 40.00 0.00 X 169297 0 39783 7667963 61303 665722 38 0 1 0 STEPTOE & JOHNSON 1330 CONNECTICUT AVE NW WASHINGTON DC 20036 LEGAL SERVICES 1622160 FREEMAN PO BOX 650519 DALLAS TX 75265 AUDIO VIDEO SERVICES, PRODUCTION SERVICE 1468348 RP BUILDERS LC 3761 TAYLOR LANE HUNTINGTON MD 20639 BUILDING CONTRACTOR 780255 PROTIVITI 12269 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 IT/WEBSITE SERVICES 538650 BATES CREATIVE GROUP LLC 1119 EAST WEST HIGHWAY SILVER SPRING MD 20910 MAGAZINE DESIGN AND PRINTING SERVICES 506422 33 507000 507000 CONVENTIONS & EXPOS 900099 21568236 21299211 269025 MEMBERSHIP DUES 900099 7978063 7978063 COMMITTEE REVENUE 900099 5828852 5828852 PUBLICATIONS 511120 2175803 2175803 ASSOCIATION ADMINISTRATION 900099 56990 56990 37607944 1453054 1453054 1414377 2288388 -874011 -874011 -874011 1402367 793554 608813 608813 608813 39302800 35163116 2444828 1187856 215000 7289063 6568591 514862 733617 1463004 327385 67805 1952369 226942 524645 610505 1300690 1446828 30434 3086501 5381330 169284 154041 UBIT 30000 CONTRIBUTIONS 3293102 PRINTING/PUBLICATIONS 1775734 CREDIT CARD/BANK CHARGE 549020 172406 37883158 5988600 5085912 933891 870075 988667 1390672 23754869 11418589 10891170 12336280 43057673 40310568 1534962 2500000 63394963 62493507 6782987 8301622 5579293 6127422 12362280 14429044 X 51032683 48064463 51032683 48064463 63394963 62493507 1419642 -4387862 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 NACS PAC 1600 DUKE STREET 7TH FLOOR ALEXANDRIA VA 223143436 260047011 0 0 1 7978063 4307028 188474 4495502 4387935 107567 3513200 3513200 13276773 7191141 6085632 4709388 2915840 1793548 663297 434467 228830 1592211 877141 715070 12336280 1 THE FUELS INSTITUTE 1600 DUKE STREET ALEXANDRIA VA 22314 462083021 501(C)(4) 200000 PROGRAM SUPPORT FOUNDATION TO ERADICATE DUCHENNE INC PO BOX 2371 ALEXANDRIA VA 22301 710874241 501(C)(3) 5000 PROGRAM SUPPORT FOOD RESEARCH AND ACTION CENTER 1200 18TH STREET NW SUITE 400 WASHINGTON DC 20036 237200739 501(C)(3) 5000 PROGRAM SUPPORT FOUNDATION FOR WOMENS CANCER 230 W MONROE SUITE 2528 CHICAGO IL 60606 363797707 501(C)(3) 5000 PROGRAM SUPPORT 3 1 PART I, LINE 2: GRANTS ARE MADE TO PERSONS AND ORGANIZATIONS ON NEED AND MERIT BASED CRITERIA. X X X X 1 1 X X X X X X 0 0 0 HENRY ARMOUR PRESIDENT & CEO 2249743 0 1319493 0 0 0 37500 0 34109 0 3640845 0 0 0 LYLE BECKWITH SR. VP, GOV'T RELATIONS 675000 0 44339 0 0 0 36500 0 23250 0 779089 0 0 0 BRIAN KIMMEL SR. VP, & CFO, FINANCE & S 502000 0 37393 0 0 0 28853 0 33603 0 601849 0 0 0 MICHAEL DAVIS VP, MEMBER SERVICES 315000 0 38831 0 0 0 36500 0 26938 0 417269 0 0 0 ROBERT HUGHES VP, SUPPLIER RELATIONS & E 338000 0 26892 0 0 0 36500 0 31366 0 432758 0 0 0 JEFF LENARD VP, STRATEGIC INDUSTRY INI 250000 0 15488 0 0 0 42503 0 29543 0 337534 0 0 0 ERIN PRESSLEY VP, PUBLISHING 223654 0 15107 0 0 0 20849 0 30927 0 290537 0 0 0 DAE KIM VP, RESEARCH 354000 0 17395 0 0 0 28408 0 31501 0 431304 0 0 0 JOHN EICHBERGER EXECUTIVE DIRECTOR, TFI 308950 61050 1282 253 0 0 13778 2723 19240 3802 343250 67828 0 0 LEROY KELSEY DIRECTOR, RESEARCH 164069 0 12264 0 0 0 15375 0 22744 0 214452 0 0 0 ANNA READY DIRECTOR, GOVERNMENT RELAT 218269 0 15503 0 0 0 20216 0 9642 0 263630 0 0 0 PAIGE ANDERSON DIRECTOR, GOV RELATIONS 165465 0 12359 0 0 0 10387 0 24025 0 212236 0 0 0 JONATHAN TAETS DIRECTOR, GOV RELATIONS 166573 0 11597 0 0 0 15581 0 21446 0 215197 0 0 0 STACEY DODGE ADVERTISING DIRECTOR 100000 0 69297 0 0 0 14988 0 28010 0 212295 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS PERMITTED ON LONG-DURATION FLIGHTS IN ACCORDANCE WITH THE TERMS OF WRITTEN EMPLOYMENT CONTRACTS. IN CERTAIN INSTANCES, COMPANION TRAVEL IS PERMITTED AND TREATED AS A TAXABLE BENEFIT. CERTAIN CLUB DUES ARE PAID BY NACS IN ACCORDANCE WITH THE TERMS OF WRITTEN EMPLOYMENT CONTRACTS. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN THE ASSOCIATION SHALL BE SIX CLASSES: RETAIL MEMBER, SUPPLIER MEMBER, HONORARY MEMBER, LIFE MEMBER, INDIVIDUAL MEMBER, AND ALLIED MEMBER. A RETAIL MEMBER: AN INDIVIDUAL OR CORPORATION WITH ONE OR MORE OPERATING CONVENIENCE STORES MAY APPLY FOR MEMBERSHIP IN THE ASSOCIATION BY FILING WITH THE ASSOCIATION OFFICE AN APPLICATION TOGETHER WITH A CHECK TO COVER APPROPRIATE DUES. ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE VOTE. A SUPPLIER MEMBER: COMPANIES DEALING WITH THE CONVENIENCE STORE INDUSTRY MAY APPLY FOR PARTICIPATION AS A "SUPPLIER MEMBER." SUPPLIER MEMBERS WILL HAVE NO VOTING POWERS. NO SUPPLIER MEMBER OR ITS REPRESENTATIVE MAY SERVE AS AN OFFICER. SUPPLIER MEMBERS WILL BE REPRESENTED BY A SUPPLIER BOARD. THE CHAIRMAN AND CHAIRMAN-ELECT OF THE SUPPLIER BOARD SHALL BE VOTING MEMBERS OF THE NACS BOARD OF DIRECTORS. SUPPLIER MEMBERS WILL HAVE NO OBLIGATION OTHER THAN THEIR ANNUAL DUES AND SHALL NOT BE HELD LEGALLY RESPONSIBLE FOR ACTIONS OF THE NATIONAL ASSOCIATION OF CONVENIENCE STORES. HONORARY MEMBERSHIP: FOR RECOGNITION OF MERITORIOUS SERVICE TO THE RETAIL CONVENIENCE STORE INDUSTRY, AN HONORARY MEMBERSHIP IN THE ASSOCIATION, WITHOUT VOTING OR OFFICE-HOLDING POWERS, MAY BE GRANTED TO ANY PERSON UPON THE RECOMMENDATION OF ANY MEMBER OF THE BOARD OF DIRECTORS AND APPROVAL OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. SUCH HONORARY MEMBERSHIP SHALL BE FOR ONE YEAR UNLESS EXTENDED BY VOTE OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. LIFE MEMBER: ANY PAST PRESIDENT OR PAST CHAIRMAN OF THE BOARD OF DIRECTORS OF THE ASSOCIATION WILL BE AN INDIVIDUAL MEMBER OF THE ASSOCIATION FOR LIFE. SUCH MEMBERSHIP IS NON-ASSIGNABLE, NON-TRANSFERABLE, AND PERSONAL IN NATURE. FOR RECOGNITION OF LONG-TERM, MERITORIOUS SERVICE TO THE CONVENIENCE STORE INDUSTRY, A LIFE MEMBERSHIP IN THE ASSOCIATION, WITHOUT VOTING OR OFFICE-HOLDING POWERS, MAY BE GRANTED TO ANY PERSON UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE AND APPROVAL OF THE BOARD OF DIRECTORS AT ANY REGULAR BOARD MEETING. INDIVIDUAL MEMBER: AN INDIVIDUAL WHO IS ENGAGED IN THE CONVENIENCE OR CONVENIENCE AND PETROLEUM RETAILING INDUSTRY AS AN OWNER, EMPLOYEE, FRANCHISEE, SUPPLIER, CONSULTANT, OR ANY REASONABLE AFFILIATION WITH THE INDUSTRY, INCLUDING THE SPOUSE, PARTNER, OR GUEST OF ANY SUCH INDIVIDUAL IS ELIGIBLE FOR "INDIVIDUAL MEMBERSHIP." BENEFITS OF "INDIVIDUAL MEMBERSHIP" SHALL BE DETERMINED BY THE NACS BOARD OF DIRECTORS. ALLIED MEMBER: PETROLEUM MARKETING COMPANIES THAT MARKET THROUGH OTHER COMPANIES MAY APPLY FOR "ALLIED MEMBERSHIP". A COMPANY THAT MAY QUALIFY TO APPLY BOTH AS A RETAIL MEMBER AND AS AN ALLIED MEMBER SHALL BE CLASSIFIED AS A RETAIL MEMBER, AND THE GREATER OF THE DUES SCHEDULES SHALL APPLY. BENEFITS FOR THIS CATEGORY OF MEMBERSHIP SHALL INCLUDE AND BE LIMITED TO ACCESS TO NACS MEETINGS, EXHIBITING AT THE NACS SHOW, AND THE PURCHASE OF NACS PRODUCTS AND SERVICES AT THE NACS MEMBER RATES. FORM 990, PART VI, SECTION A, LINE 7A RETAIL MEMBERS: ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE (1) VOTE. FORM 990, PART VI, SECTION A, LINE 7B RETAIL MEMBER: ALL REPRESENTATIVES OF A RETAIL MEMBER MAY PARTICIPATE IN ANY REGULAR OR SPECIAL MEETING OF THE ASSOCIATION, BUT EACH RETAIL MEMBER SHALL HAVE ONLY ONE (1) VOTE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY NACS' CFO AND CEO BEFORE IT IS FILED. IN ADDITION, THE AUDIT COMMITTEE AND THE BOARD OF DIRECTORS ARE PROVIDED A COPY OF THE FORM BEFORE THE FINAL VERSION IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BY ACCEPTING THE OPPORTUNITY TO SERVE NACS AS A MEMBER OF ITS BOARD OF DIRECTORS OR SUPPLIER BOARD, A NACS COMMITTEE OR TASK FORCE, STAFF, COUNSEL OR OTHER PROVIDER OF SERVICES, AN INDIVIDUAL ACKNOWLEDGES THAT THE CENTRAL INTEREST UPON WHICH NACS' EFFORTS ARE FOCUSED IS THAT OF RETAIL CONVENIENCE STORE OPERATORS AS A CLASS. UNDER ANY CIRCUMSTANCES IN WHICH AN INDIVIDUAL, SERVING IN THE PREVIOUSLY DESCRIBED CAPACITIES IS: 1) OBLIGED, BY EMPLOYMENT, INVESTMENT, OR OTHER DUTY, TO PROTECT OR PROMOTE AN INTEREST OTHER THAN THE INTERESTS OF RETAIL CONVENIENCE STORE OPERATORS, AS A CLASS OR NACS, AND 2) INVOLVED IN THE DEVELOPMENT OF A POSITION OR POLICY TO BE ADVOCATED BY NACS, THEN, THAT INDIVIDUAL SHALL: A) PROMPTLY DISCLOSE HIS OR HER ACTUAL OR POTENTIAL CONFLICT OF INTEREST, AND B) RECUSE HIMSELF OR HERSELF FROM VOTING OR OTHER ACTION WHICH CAN RESULT IN THE FORMULATION OF THAT POLICY OR POSITION. UPON THE DISCLOSURE OF AN ACTUAL OR POTENTIAL CONFLICT, THE OTHER MEMBERS OF THE BOARD, COMMITTEE OR TASK FORCE SHALL DETERMINE WHETHER THAT INDIVIDUAL MAY PARTICIPATE IN ANY RELEVANT EXCHANGE OF VIEWS RELATING TO THE ISSUE WHICH GIVES RISE TO THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THIS POLICY ON THE PROCESS FOR DETERMINING COMPENSATION APPLIES TO THE COMPENSATION OF THE FOLLOWING PERSONS EMPLOYED BY NACS: A) THE PRESIDENT & CEO THE PROCESS INCLUDES ALL OF THESE ELEMENTS: 1. REVIEW AND APPROVAL. THE COMPENSATION OF THE PERSON IS BASED UPON AN EMPLOYMENT CONTRACT THAT HAS BEEN REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE ORGANIZATION. 2. USE OF DATA AS TO COMPARABLE COMPENSATION. THE EMPLOYMENT CONTRACT IS BASED UPON DATA AS TO COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED PERSONS IN FUNCTIONALLY COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS. 3. INCENTIVE COMPENSATION. A SUBSTANTIAL PORTION OF THE PERSON'S TOTAL COMPENSATION IS BASED UPON ACHIEVEMENT OF PERFORMANCE BENCHMARKS SET BY THE COMPENSATION COMMITTEE WHICH INCLUDES ACHIEVEMENT OF ANNUAL FINANCIAL GOALS AND THE RESULTS OF AN ANNUAL CEO PERFORMANCE ASSESSMENT SURVEY OF THE BOARD OF DIRECTORS. THE COMPENSATION COMMITTEE CONDUCTS AN ANNUAL PERFORMANCE APPRAISAL SESSION WITH THE PERSON TO REVIEW PERFORMANCE, THE RESULTING PERFORMANCE BASED COMPENSATION AND ANY MODIFICATIONS OF GO FORWARD PERFORMANCE BENCHMARKS. 4. CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING. THERE IS CONTEMPORANEOUS DOCUMENTATION AND RECORDKEEPING WITH RESPECT TO THE DELIBERATIONS AND DECISIONS REGARDING THE COMPENSATION ARRANGEMENT. B) OTHER OFFICERS OR KEY EMPLOYEES OF NACS: 1. REVIEW AND APPROVAL. THE INCOMING CHAIRMAN AND TREASURER OF THE ORGANIZATION REVIEW THE COMPENSATION OF ALL OFFICERS AND KEY EMPLOYEES OF NACS. THE BOARD OF DIRECTORS APPROVES THE TOTAL COMPENSATION BUDGET OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATIONS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED. FORM 990, PART VI, SECTION B, LINE 12C: ANY INDIVIDUAL MAY FILE A WRITTEN COMPLAINT, ON A CONFIDENTIAL BASIS, USING A COMPLAINT FORM. UPON RECEIPT OF A COMPLAINT FORM, THE COMPLAINT ADMINISTRATOR WILL (I) DATE STAMP THE COMPLAINT FORM; (II) DETERMINE WHETHER THE COMPLAINT PERTAINS TO A CONFLICT OF INTEREST; AND (III) ACKNOWLEDGE RECEIPT OF THE COMPLAINT FORM TO THE COMPLAINTANT AND SET A DATE FOR A HEARING USING THE ACKNOWLEDGEMENT OF COMPLAINT FORM. A HEARING WILL THEN TAKE PLACE VIA CONFERENCE CALL TO EVALUATE THE NATURE AND VALIDITY OF THE COMPLAINT. PARTIES INVOLVED IN THE HEARING ARE LIMITED TO THE COMMITTEE, ITS STAFF AND COUNSEL, THE COMPLAINTANT AND HIS/HER COUNSEL. THE COMMITTEE WILL ASK THE COMPLAINANT QUESTIONS TO DETERMINE WHETHER, BASED ON THE PREPONDERANCE OF THE EVIDENCE, IT IS MORE LIKELY THAN NOT THAT THE NACS CONFLICTS OF INTEREST POLICY HAS BEEN VIOLATED. WITHIN TEN CALENDAR DAYS FOLLOWING THE CONCLUSION OF THE COMPLAINANT'S HEARING, THE COMPLAINT ADMINISTRATOR WILL SEND NOTICE TO THE SUBJECT OF THE COMPLAINT INVITING HIM/HER TO RESPOND TO THE ACCUSATION EITHER AT A HEARING OR IN WRITING. WITHIN TEN BUSINESS DAYS OF THE EARLIER TO OCCUR OF: A) THE RESPONDENT'S INFORMING THE COMPLAINT ADMINISTRATOR OF HIS/HER DECISION TO HAVE A HEARING; B) RESPONDENT'S DELIVERY OF A WRITTEN RESPONSE; OR C) ELEVEN DAYS FOLLOWING THE DATE LISTED ON THE NOTICE OF COMPLAINT FILED, THE COMPLAINT ADMINISTRATOR WILL SEND NOTICE TO THE RESPONDENT USING THE RESPONSE LETTER FORM. IF A RESPONSE IS RECEIVED, THEN THE FULL COMMITTEE WILL CONDUCT A HEARING ON THE DATE SET FORTH ON THE RESPONSE LETTER, EITHER IN PERSON OR VIA CONFERENCE CALL TO EVALUATE THE RESPONSE. THIS HEARING WILL BE LIMITED TO THE COMMITTEE, ITS STAFF AND COUNSEL, AND THE RESPONDENT AND HIS/HER COUNSEL. THE RESPONDENT WILL HAVE THE OPPORTUNITY TO PRESENT RELEVANT EVIDENCE VERBALLY AND IN WRITING TO THE COMMITTEE. THE COMMITTEE WILL ASK THE RESPONDENT QUESTIONS TO DETERMINE WHETHER, BASED ON THE PREPONDERANCE OF THE EVIDENCE, IT IS MORE LIKELY THAN NOT, THAT A VIOLATION OF THE NACS CONFLICTS OF INTEREST POLICY HAS OCCURRED. THE COMMITTEE WILL WEIGH ALL OF THE EVIDENCE PRESENTED EQUALLY AND WILL MAKE A DETERMINATION BASED ON THE PREPONDERANCE OF THE EVIDENCE THAT IT IS MORE LIKELY THAN NOT A CONFLICT OF INTEREST EXISTS AND THE INDIVIDUAL DID NOT PROPERLY AND TIMELY DISCLOSE THE CONFLICT. IF IT IS DETERMINED THERE IS SUFFICIENT EVIDENCE A REPORT DRAFTED BY THE COMMITTEE WILL BE SUBMITTED TO THE ENTIRE BOARD OF DIRECTORS. ALL PARTIES WILL HAVE THE RIGHT TO PRESENT EVIDENCE AND TESTIMONY RELEVANT TO THE BOARD OF DIRECTORS IN ITS DELIBERATION OF THE COMPLAINT. IF IT IS DETERMINED THAT A VIOLATION HAS OCCURRED THEN THE BOARD OF DIRECTORS WILL DIRECT THE APPROPRIATE OFFICERS OF NACS TO IMPLEMENT REMEDIAL MEASURES SELECTED BY THE BOARD OF DIRECTORS. SUCH MEASURES MAY INCLUDE; TERMINATION OF RESPONDENT'S EMPLOYMENT, TERMINATION OF RESPONDENT'S PARTICIPATION IN NACS' GOVERNANCE ACTIVITIES; AND/OR TERMINATION OF RESPONDENT'S PROVISION OF SERVICES TO NACS. THE BOARD OF DIRECTORS IS THE ONLY AND FINAL AUTHORITY ON THE DISPOSITION OF A COMPLAINT WITH RESPECT TO VIOLATIONS OF THE NACS CONFLICTS OF INTEREST POLICY. CONVENIENCE STORE FOUNDATION FOR EDUCATION AND RESEARCH 1600 DUKE STREET ALEXANDRIA VA 22314 541723339 EDUCATION AND RESEARCH VA 501 (C)(3) LINE 7 NACS 0 NACSPAC 1600 DUKE STREET ALEXANDRIA VA 22314 260047011 REPRESENTS THE INTERESTS OF CONVENIENCE STORES AND PETROLEUM MARKETING VA 527 N/A NACS 0 CONEXXUS 1600 DUKE STREET ALEXANDRIA VA 22314 800078994 MEMBERSHIP ORGANIZATION VA 501 (C)(6) N/A NACS 0 THE FUELS INSTITUTE 1600 DUKE STREET ALEXANDRIA VA 22314 462083021 SOCIAL WELFARE ORGANIZATION VA 501(C)(4) N/A NACS 0 0 1 1 0 1 0 0 0 0 0 0 0 1 1 1 1 1 0 0 CONEXXUS M 210000 FMV FUELS INSTITUTE B 200000 FMV THE NACS FOUNDATION C 507000 FMV SCHEDULE R, PART I: CSX, LLC WAS DISSOLVED AS A DISREGARDED ENTITY DURING THE YEAR AND ITS OPERATIONS CONSOLIDATED ENTIRELY INTO THE OPERATIONS OF THE ASSOCIATION.