2019-03-21T17:32:22-05:00 2018-06-30 410746749 CLIFTONLARSONALLEN LLP 901 N GLEBE ROAD SUITE 200 ARLINGTON VA 22203 990 2017-07-01 522086855 NATIONAL BUSINESS OFFICERS ASSOCIATION INC NATI 2024077140 1400 I STREET NW NO 675 WASHINGTON DC 20005 JEFFREY SHIELDS PRESIDENT & CHIEF EXECUTIVE OFFICER 2024077140 2019-03-15 1 HEMALI PATEL P01337292 5712279500 67.137.57.251 2019-03-15 16:46:30 ED P 22B6DA6E04110CB685C107BE4314F90C78D51411 A31B8943A14933A3BF1B290C164803F9A7DCE6A3 2017 2019-02-21 02:37:17Z JEFFREY SHIELDS 1400 I STREET NW NO 675 WASHINGTON DC 20005 6331117 0 X WWW.NBOA.ORG X 1998 MD SUPPORT ALL ASPECTS OF INDEPENDENT SCHOOL BUSINESS OPERATIONS, EDUCATION & BEST PRACTICES. 21 21 18 40 243190 88054 340525 302375 4863514 5177335 49373 140034 103524 95918 5356936 5715662 0 0 0 0 2082129 2251084 0 0 76570 2457469 2811278 4539598 5062362 817338 653300 6793890 7541732 2742557 2846367 4051333 4695365 X NATIONAL BUSINESS OFFICERS ASSOCIATION (NBOA) SUPPORTS ALL BUSINESS OPERATIONS OF INDEPENDENT SCHOOLS, INCLUDING FINANCIAL OPERATIONS, FACILITIES MANAGEMENT, HUMAN RESOURCES AND INFORMATION TECHNOLOGY. NBOA DEVELOPS, DELIVERS AND PROMOTES BEST BUSINESS PRACTICES TO ADVANCE INDEPENDENT SCHOOLS AND PROVIDES EXCELLENCE IN EDUCATION SUPPORTED BY WORLD-CLASS BUSINESS OPERATIONS. 0 0 1735290 1674130 CONFERENCES AND MEETINGS: PROVIDES ITS MEMBERS PROFESSIONAL DEVELOPMENT, INFORMATION EXCHANGE AND NETWORKING ACTIVITIES. ATTENDEES LEARN FROM INDUSTRY EXPERTS, DISCOVER CUTTING-EDGE SOLUTIONS AND EXCEPTIONAL BEST PRACTICES. ATTENDEES MAY EARN CPE, SHRM, AND HRCI CREDITS FOR PARTICIPATION. 1697307 3259665 MEMBER SERVICES: 1,400 ASSISTED MEMBERS STREAMLINE BUSINESS AND STRATEGIC OPERATIONS THROUGH INFORMATION SHARING, EDUCATION, RESEARCH, ENHANCED COMMUNICATIONS, AND A POOLED PURCHASING PROGRAM AND AFFINITY PROGRAMS. 425822 237828 PUBLICATIONS: NBOA'S PUBLICATIONS (INCLUDING THE PRINT MAGAZINE "NET ASSETS", E-NEWSLETTER "NET ASSETS NOW AND WEB PAGE "NETASSETS.ORG") OFFER PRACTICAL, RELEVANT GUIDANCE TO KEY COMPONENTS OF THE BUSINESS OFFICE AND SOUND, COMPREHENSIVE BUSINESS-OFFICE PRACTICES IN KEY FINANCIAL AND OPERATIONAL AREAS, REGULATORY COMPLIANCE, FINANCIAL REPORTING, TECHNOLOGY AND ENVIRONMENTAL SUSTAINABILITY. 98514 MEMBERSHIP DEVELOPMENT: PROVIDES MEMBERS WITH AN EXTENSIVE RANGE OF RESOURCES THROUGH ITS WEBSITE, INCLUDING A VIRTUAL LIBRARY WITH MORE THAN 500 TEMPLATES, FORMS AND WHITE PAPERS RELATED TO BUSINESS OFFICE OPERATIONS AND BEST PRACTICES; MEMBER FORUMS; AND ONLINE MEMBER DIRECTORY. 526 5000 CONSULTING: NBOA PROVIDES ASSESSMENTS OF BUSINESS OPERATIONS OF SCHOOLS, INCLUDING STRUCTURE, POLICIES AND PROCEDURES. 99040 5000 3957459 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 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 41 0 18 1 1 1 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X JEFFREY SHIELDS 2024077140 1400 I STREET NW SUITE 850 WASHINGTON DC 20005 TRACEY FUDGE BOARD CHAIR 8.00 X X 0 0 0 RON WANGLIN SECRETARY 5.00 X X 0 0 0 JERRY WALKER TREASURER 3.00 X X 0 0 0 ALEX HEIBERGER DIRECTOR 3.00 X 0 0 0 BEN LEWIS DIRECTOR 3.00 X 0 0 0 BRAD RATHGEBER DIRECTOR 3.00 X 0 0 0 CHUCK MCCULLAGH DIRECTOR 3.00 X 0 0 0 DONNA PACCHIONI DIRECTOR 3.00 X 0 0 0 DUNCAN BOOTH DIRECTOR 3.00 X 0 0 0 HEATHER HOERLE DIRECTOR 3.00 X 0 0 0 JAMES COOPER DIRECTOR 3.00 X 0 0 0 JILL DUNCAN DIRECTOR 3.00 X 0 0 0 KELLY SANDERSON DIRECTOR 3.00 X 0 0 0 KURT GODFRYD DIRECTOR 3.00 X 0 0 0 NANCY GREENE DIRECTOR 3.00 X 0 0 0 NICK MIRISIS DIRECTOR 3.00 X 0 0 0 NISHANT MEHTA DIRECTOR 3.00 X 0 0 0 ROSE NEUBERT DIRECTOR 3.00 X 0 0 0 RUSSELL RABINOWITZ DIRECTOR 3.00 X 0 0 0 SANDI PIERCE DIRECTOR 3.00 X 0 0 0 SUSAN LANSVERK DIRECTOR 3.00 X 0 0 0 JEFFREY SHIELDS PRESIDENT AND CEO 40.00 X 352689 0 70018 GRACE LEE VP, LEGAL AFFAIRS 40.00 X 144950 0 32311 ROBIN SMITH VP, FINANCE & ADMINISTRATION 40.00 X 135313 0 55682 LEAH THAYER VP, COMMUNICATIONS 40.00 X 107107 0 22864 BRIAN GREEN DIRECTOR, IT & WEB SERVICES 40.00 X 102420 0 23983 842479 0 204858 5 0 1 0 MEASURING SUCCESS LLC 1825 K STREET NW SUITE 850 WASHINGTON DC 20006 RESEARCH DATA PLATFORM DEVELOPMENT 310371 1 302375 302375 MEMBERSHIP DUES 541190 3259665 3259665 CONFERENCE 541900 1674130 1674130 ADVERTISING 541800 238540 238190 350 CONSULTING 541190 5000 5000 5177335 97834 97834 96630 96630 644886 602686 42200 42200 42200 12057 12769 -712 -712 5715662 4933083 243190 237014 446772 379756 22339 44677 1432144 1138532 273781 19831 140298 111582 26699 2017 112081 88701 22457 923 119789 96592 19406 3791 19094 19094 9267 9267 5390 5390 136702 116162 15239 5301 125154 125154 74918 8495 66423 220271 220271 63378 62987 391 1356616 1255259 101357 166 166 17882 17882 29467 5197 24240 30 RESEARCH 377021 377021 MAGAZINE/E-NEWSLETTER/B 155046 155046 WEBSITE 136742 136742 TAX 13095 13095 71069 19997 51072 5062362 3957459 1028333 76570 622825 376576 2758601 2576296 88729 94096 141116 130507 229300 174330 61662 54970 2869135 3822870 231862 466457 19960 19960 6793890 7541732 159520 158789 2507863 2596949 75174 90629 2742557 2846367 X 4051333 4695365 4051333 4695365 6793890 7541732 653300 -9268 0 X 0 1 X 1 0 X 260675 282225 300500 340525 302375 1486300 260675 282225 300500 340525 302375 1486300 604544 881756 72251 86365 94509 156190 194464 603779 52142 95043 119484 63622 57499 387790 2477869 20673299 0.35590 0.37580 X 18765 3754 15011 194976 170576 24400 15559 15559 54970 CAPITAL LEASE 10022 DEFERRED RENT 80607 90629 X 5779827 -9268 60664 51396 5728431 -12769 -12769 5715662 5135795 60664 12769 73433 5062362 0 5062362 PART X, LINE 2: NATIONAL BUSINESS OFFICERS ASSOCIATION (NBOA) HAS EVALUATED ITS TAX POSITIONS AS OF JUNE 30, 2018 AND 2017, AND HAS DETERMINED THE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UNDER EXAMINATION. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM SALES OF INVENTORY -12,769. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD FROM SALES OF INVENTORY 12,769. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 JEFFREY SHIELDS PRESIDENT AND CEO 342689 0 10000 0 0 0 18000 0 52018 0 422707 0 0 0 GRACE LEE VP, LEGAL AFFAIRS 143950 0 1000 0 0 0 15255 0 17056 0 177261 0 0 0 ROBIN SMITH VP, FINANCE & ADMINISTRATION 132313 0 3000 0 0 0 14360 0 41322 0 190995 0 0 0 PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL AND TRAVEL FOR COMPANIONS WERE PROVIDED TO THE JEFFREY SHIELDS, THE PRESIDENT AND CEO. FOR THE CALENDAR YEAR, THOSE BENEFITS AMOUNTED TO $647 FOR FIRST-CLASS TRAVEL OR CHARTER AND $513 FOR TRAVEL FOR COMPANIONS. PART I, LINE 4B JEFFREY SHIELDS RECEIVED $18,000 IN THE 457(B) PLAN. FORM 990, PART VI, SECTION A, LINE 1 THE BOARD OF DIRECTORS, BY RESOLUTION ADOPTED BY A MAJORITY OF THE DIRECTORS IN OFFICE, MAY DESIGNATE FROM AMONG ITS MEMBERS AN EXECUTIVE COMMITTEE CONSISTING OF SUCH NUMBER OF DIRECTORS AS MAY BE SPECIFIED IN THE RESOLUTION, WHICH COMMITTEE, TO THE EXTENT PROVIDED IN SUCH RESOLUTION, SHALL HAVE AND EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE CORPORATION, EXCEPT THAT SUCH COMMITTEE SHALL HAVE NO AUTHORITY TO AMEND, ALTER, OR REPEAL THE BYLAWS, TO ELECT, APPOINT, OR REMOVE ANY DIRECTOR OR OFFICER OF THE CORPORATION, OR TO APPROVE ANY CHARTER DOCUMENT REQUIRED TO BE FILED WITH THE STATE DEPARTMENT OF ASSESSMENTS AND TAXATION OF MARYLAND. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS FIVE CLASSES OF MEMBERS: 1) US SCHOOLS 2) INTERNATIONAL SCHOOLS 3) ASSOCIATIONS 4) RETIRED BUSINESS OFFICERS 5) BUSINESS PARTNERS FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE AND AUDIT COMMITTEE MEETS TO REVIEW THE RETURN IN DETAIL AND APPROVE ITS SUBMISSION. THE FORM 990 IS THEN PROVIDED ELECTRONICALLY TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH MEMBER OF THE BOARD OF DIRECTORS ANNUALLY SIGNS A CONFLICT OF INTEREST STATEMENT. THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWES THE CONFLICT OF INTEREST STATEMENTS AND MONITORS BOARD BUSINESS TO DETERMINE IF THERE ARE POTENTIAL CONFLICTS. THERE HAS BEEN NO INSTANCE WHERE THERE WAS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 ON BEHALF OF THE BOARD OF DIRECTORS, THE BOARD CHAIR ESTABLISHES THE INITIAL COMPENSATION OF THE PRESIDENT AND CHIEF EXECUTIVE OFFICER (CEO). THE BOARD OF DIRECTORS APPROVES THE APPOINTMENT, EMPLOYMENT, AND COMPENSATION OF THE PRESIDENT AND CEO, AND ENTERS INTO A WRITTEN EMPLOYMENT AGREEMENT WITH THE PRESIDENT AND CEO. COMPENSATION IS BASED ON THE COMPENSATION LEVELS OF KEY EXECUTIVES OF SIMILAR ORGANIZATIONS. THE AGREEMENT CURRENTLY IN FORCE WAS MADE IN 2013, AND IS REVIEWED ANNUALLY BY THE EXECUTIVE COMMITTEE. ANY INCREASE TO THE PRESIDENT AND CEO'S BASE COMPENSATION RESULTS FROM THE ANNUAL EVALUATION BY THE EXECUTIVE COMMITTEE, OF ACHIEVEMENT OF MUTUALLY AGREED GOALS AND OBJECTIVES, AND WILL BE SHARED WITH THE BOARD OF DIRECTORS. REVIEWS ARE CONDUCTED ANNUALLY IN ACCORDANCE WITH PROCEDURES ESTABLISHED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE ADEQUATELY, AND CONCURRENTLY, DOCUMENTS THE BASIS FOR ITS DETERMINATION, AND THE COMPENSATION IT PAYS TO DISQUALIFIED PERSONS IS PRESUMED TO BE AT FAIR MARKET VALUE. THE PROCESS WAS MOST RECENTLY APPLIED IN 2016. COMPENSATION FOR OTHER KEY EMPLOYEES WAS ESTABLISHED BY INDEPENDENT PERSONS USING MARKET ANALYSIS DATA. THIS PROCESS WAS UNDERTAKEN IN 2014 FOR ALL STAFF, AND HAS ALSO BEEN CONDUCTED SINCE THAT TIME FOR ALL NEW POSITIONS AND FOR SUBSTANTIVE, RESTRUCTURED CHANGES IN THE RESPONSIBILITIES FOR SPECIFIC CURRENT STAFF. THE BASIS FOR ANY DETERMINATION IS ADEQUATELY AND CONCURRENTLY DOCUMENTED, AND THE COMPENSATION PAID TO DISQUALIFIED PERSONS IS PRESUMED TO BE AT FAIR MARKET VALUE. THE PROCESS WAS MOST RECENTLY APPLIED IN 2018. FORM 990, PART VI, SECTION C, LINE 19 AT THE ORGANIZATION'S DISCRETION, IT MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.