2018-10-03T10:19:33-05:00 2017-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2017-01-01 133480246 NAF NAF 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 IRA BERKOWITZ CFO 2126352400 2018-10-03 1 GARRETT M HIGGINS P00543209 2122862600 2018-10-03 2017 2022-09-23 18:48:47Z JONDEL HOYE 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 26908134 0 X WWW.NAF.ORG X 1988 NY NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE. 25 24 72 26 0 0 8788855 20383576 2970744 2578784 318898 253236 -116054 -131102 11962443 23084494 317159 536843 0 0 7907756 9184608 211938 185391 1228585 7535841 9159946 15972694 19066788 -4010251 4017706 18507294 23483503 2199983 3185677 16307311 20297826 X NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE. 0 0 4678879 169515 608900 THE ACADEMY OF FINANCE CONNECTS HIGH SCHOOL STUDENTS WITH THE WORLD OF FINANCIAL SERVICES AND PERSONAL FINANCE, OFFERING A CURRICULUM THAT COVERS BANKING AND CREDIT, FINANCIAL PLANNING, GLOBAL FINANCE SECURITIES, INSURANCE, ACCOUNTING, AND ECONOMICS. THE ACADEMY OF FINANCE CURRICULUM AND CERTIFICATION IS VALIDATED BY THE COUNCIL FOR ECONOMIC EDUCATION. 2766837 100242 360071 THE ACADEMY OF INFORMATION TECHNOLOGY PREPARES STUDENTS FOR CAREER OPPORTUNITIES IN PROGRAMMING, DATABASE ADMINISTRATION, WEB DESIGN AND ADMINISTRATION, DIGITAL NETWORKS, AND OTHER AREAS IN THE EXPANDING DIGITAL WORKPLACE. 2294450 83127 298595 THE ACADEMY OF ENGINEERING ANSWERS AN ACUTE NEED FOR ENGINEERS IN THIS COUNTRY BY EDUCATING HIGH SCHOOL STUDENTS IN THE PRINCIPLES OF ENGINEERING, AND PROVIDING CONTENT IN THE FIELDS OF ELECTRONICS, BIOTECH, AEROSPACE, CIVIL ENGINEERING, AND ARCHITECTURE. 1889547 68458 245902 THE ACADEMY OF HEALTH SCIENCES ADDRESSES THE CRITICAL ACHIEVEMENT GAP IN STEM FIELDS AND DEVELOPS A PIPELINE OF STUDENTS PREPARED TO PURSUE HEALTH-RELATED DEGREES AND PROFESSIONS IN ONE OF THE FASTEST GROWING SECTORS OF THE ECONOMY, SUCH AS BIOTECHNOLOGY, GENETICS, NURSING, THERAPEUTICS, AND DIAGNOSTICS. 2856815 115501 1065316 OTHER ACADEMIES - INCLUDING ACADEMY OF HOSPITALITY AND TOURISM (SPECIALIZING IN HOSPITALITY AND TOURISM). 4746362 183959 1311218 14486528 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 44 0 72 1 0 0 0 0 0 1 1 0 0 0 0 X 25 24 1 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK CA CT CO DC FL GA HI IL KS KY ME MD MA MI MN NH NJ NM NY NC OH OK OR PA SC TN UT VA WA X X X IRA BERKOWITZ 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 JONDEL HOYE PRESIDENT 40.00 X X 719271 0 80663 SANFORD I WEILL CHAIRMAN 3.00 X X 0 0 0 KENNEITH I CHENAULT VICE CHAIRMAN 3.00 X X 0 0 0 EUGENE A LUDWIG SECRETARY 3.00 X X 0 0 0 SANJIV YAJNIK TREASURER 3.00 X X 0 0 0 JEFFREY A BRILL DIRECTOR 3.00 X 0 0 0 URSULA M BURNS DIRECTOR 3.00 X 0 0 0 LYNNE DOUGHTIE DIRECTOR 3.00 X 0 0 0 ROBERT C DUGHI DIRECTOR 3.00 X 0 0 0 BARBARA BENIOFF FRIEDMAN DIRECTOR 3.00 X 0 0 0 ALEX GORSKY DIRECTOR 3.00 X 0 0 0 JOHN HINSHAW DIRECTOR 3.00 X 0 0 0 A KIRK LANTERMAN DIRECTOR 3.00 X 0 0 0 HAROLD MCGRAW III DIRECTOR 3.00 X 0 0 0 JENNIFER MORGAN DIRECTOR 3.00 X 0 0 0 THOMAS PENNY III DIRECTOR FROM 9/13/17 3.00 X 0 0 0 JOSEPH J PLUMERI II DIRECTOR 3.00 X 0 0 0 MARC REED DIRECTOR 3.00 X 0 0 0 LARRY RENFRO DIRECTOR 3.00 X 0 0 0 JAMES D ROBINSON III DIRECTOR 3.00 X 0 0 0 ROBERT SCHWARTZ DIRECTOR UNTIL 02/16/17 3.00 X 0 0 0 SALLI SCHWARTZ DIRECTOR 3.00 X 0 0 0 DAVID SIEGEL DIRECTOR 3.00 X 0 0 0 MARK A STANDISH DIRECTOR UNTIL 02/16/17 3.00 X 0 0 0 DAVID STEWARD DIRECTOR 3.00 X 0 0 0 JOSEPH M TUCCI DIRECTOR 3.00 X 0 0 0 RONALD A WILLIAMS DIRECTOR 3.00 X 0 0 0 MARYANNE BLOOMFIELD CHIEF ADVANCEMENT OFFICER 40.00 X 248109 0 53472 LISA DUGHI CHIEF OPERATIONS OFFICER 40.00 X 260663 0 34068 IRA BERKOWITZ CFO 40.00 X 223424 0 65262 ANNE STANTON-MALONE CPO UNTIL 09/30/17 / ADVISOR 40.00 X 248960 0 45753 ANDREW ROTHSTEIN EVP, SPECIAL PROJECTS 40.00 X 227149 0 47084 BRENDA BARRY VP, CORPORATE ENGAGEMENT & RELATIONS 40.00 X 176265 0 56355 HELEN BLANCH VP, NETWORK DEVELOPMENT & IMPLEMENTATION 40.00 X 178798 0 29731 WILLIAM TAYLOR VP, COMMUNITY ENGAGEMENT & EXPANSION 40.00 X 174805 0 33373 KATHERINE BLASIK VP, RESEARCH & EVALUATION 40.00 X 175362 0 26860 COLLEEN DEVERY AVP, STRATEGIC ALIGNMENT 40.00 X 142226 0 47852 PATRICIA BROWN AVP, CORPORATE RELATIONS 40.00 X 135171 0 26985 IRENE LYNN CHIEF OF STAFF, INTERNAL AFFAIRS 24.00 X 146109 0 18033 MICHAEL HENSON DIRECTOR, NAFTRACK 40.00 X 134189 0 18543 KEARNEY STANIFORD CHIEF OF STAFF, EXTERNAL AFFAIRS 24.00 X 146109 0 14175 3336610 0 598209 25 0 1 0 GMMB INC 3050 K STREET NW SUITE 100 WASHINGTON DC 20007 MARKETING CONSULTING 1022302 TEACHERS COLLEGE COLUMBIA UNIVERSITY 525 WEST 120 STREET MAILBOX 174 NEW YORK NY 10027 RESEARCH CONSULTING 200000 VISIONLINK CORPORATION 3101 IRIS AVENUE SUITE 240 BOULDER CO 80301 IT DEVELOPMENT 196060 PEACE CONSULTING GROUP 4332 ALDERNY PL HIGH POINT NC 27265 ACADEMY TECHNICAL ASSISTANCE CONSULTING 146723 THE BRIDGESPAN GROUP INC 535 BOYLSTON STREET 10TH FLOOR BOSTON MA 02116 STRATEGY CONSULTING 120336 9 1396350 18987226 1726580 20383576 MEMBERSHIP DUES 541900 1180213 1180213 SCHOOL DISTRICT CONTRACTS 541900 705035 705035 CONFERENCE REGISTRATION FEES 541900 693536 693536 2578784 271182 271182 3604310 3622256 -17946 -17946 -17946 52222 1396350 201384 -149162 -149162 OTHER REVENUE 900099 9550 9550 CURRICULUM PROJECTS 611710 8510 8510 18060 23084494 2578784 0 122134 X 268393 268393 268450 268450 3105428 2060443 663410 381575 4619510 3184127 1086177 349206 400383 273556 90282 36545 582200 414163 131834 36203 477087 325031 108030 44026 87761 87761 185391 185391 2469486 2039416 424493 5577 1425214 1140171 285043 430411 307855 83718 38838 53399 34484 12921 5994 505075 326165 122214 56696 1005425 882090 104829 18506 1904208 1904208 625820 586252 27029 12539 STAFF PROFESSIONAL DEVE 210545 135965 50946 23634 CURRICULUM AND ASSESSME 140964 140964 DUES AND SUBSCRIPTIONS 93065 60099 22519 10447 BAD DEBT EXPENSES 82280 53134 19909 9237 126293 81562 30560 14171 19066788 14486528 3351675 1228585 1771101 1173006 6855362 9656219 783897 931532 125069 447747 4624728 2335178 2796616 2289550 5785171 8792470 390078 192979 18507294 23483503 1395803 1663411 584869 609203 21085 21085 198226 891978 2199983 3185677 X 3932676 4388026 11844635 15379800 530000 530000 16307311 20297826 18507294 23483503 4017706 -27191 0 X X 0 1 X 1 0 X 16834503 8118043 14062760 8788855 20383576 68187737 16834503 8118043 14062760 8788855 20383576 68187737 12241228 55946509 142132 166306 175082 144082 271182 898784 13345 28291 3500 7959 18060 71155 69157676 12589473 0.80900 0.88900 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CURRICULUM PROJECTS - 2014 AMOUNT: $ 20,000. 2017 AMOUNT: $ 8,510. TALENT DEVELOPMENT - 2014 AMOUNT: $ 6,000. SPEAKING ENGAGEMENTS - 2014 AMOUNT: $ 2,291. OTHER INCOME - 2013 AMOUNT: $ 13,345. 2015 AMOUNT: $ 3,500. 2016 AMOUNT: $ 7,959. 2017 AMOUNT: $ 9,550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 628657 100747 95000 634404 626000 59157 56500 628657 679585 14915 68500 626000 683420 82665 86500 679585 583998 140922 41500 683420 0.83540 0.16460 0 0 207497 161159 46338 594786 418678 176108 3822445 1755341 2067104 2289550 DEFERRED RENT 143976 REFUNDABLE ADVANCE 748002 891978 X 23519085 -27191 260398 201384 434591 23084494 0 23084494 19528570 260398 201384 461782 19066788 0 19066788 PART IV, LINE 2B: NAF HOLDS FUNDS FOR SEVERAL ACADEMIES THAT PARTICIPATE IN ITS EDUCATIONAL PROGRAMS, TO BE USED FOR RELATED ACTIVITIES. PART V, LINE 4: THE ALDO PAPONE ENDOWMENT WAS ESTABLISHED BY THE AMERICAN EXPRESS COMPANY IN 1991 TO PROVIDE FUNDS FOR GRANT AWARDS TO OUTSTANDING U.S. ACADEMY PROGRAM. ON AN ANNUAL BASIS, A MAXIMUM OF 7% OF THE ALDO PAPONE ENDOWMENT'S ASSETS ARE AVAILABLE FOR DISBURSEMENT. THE JESSE BLACKMAN ENDOWMENT WAS ESTABLISHED IN 1994 WITH A CONTRIBUTION FROM THE AMERICAN EXPRESS COMPANY. THE PURPOSE OF THE JESSE BLACKMAN ENDOWMENT IS TO PROVIDE FUNDS FOR A SCHOLARSHIP TO AN OUTSTANDING STUDENT IN THE HOSPITALITY AND TOURISM PROGRAM. PRESENTLY, THE ANNUAL SCHOLARSHIP LIMIT IS $1,500. PART X, LINE 2: NAF RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT NAF HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. NAF IS NO LONGER SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO 2014. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT REPORTED ON FORM 990, PART VIII, LINE 8 201,384. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT REPORTED ON FORM 990, PART VIII, LINE 8 201,384. X X X X X X 1 DS CONSULTING GROUP 845 THIRD AVENUE 6TH FLOOR NEW YORK NY 10022 SPECIAL FUNDRAISING EVENT 1 1448572 58954 1389618 COMMUNITY COUNSELING SERVICE LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10017 CAPITAL CAMPAIGN SERVICES 0 0 101500 -101500 ELINORE ANTELL 345 SOUTH END AVENUE 5B NEW YORK NY 10280 CONSULTING SERVICES & PREPARATION OF PROPOSALS AND REPORTS 0 0 24937 -24937 1448572 185391 1263181 AL AK AZ CA CT CO DC FL GA HI IL KS KY ME MD MA MI MN NH NJ NM NY NC OH OK OR PA SC TN UT VA WA GALA 1448572 1396350 52222 155180 8023 38181 1448572 1396350 52222 155180 8023 38181 201384 -149162 SCHEDULE G, PART I, LINE 2B, COLUMN (V) DS CONSULTING GROUP, LLC'S AGREED FEE, INCLUSIVE OF ALL PERSONNEL, FOR THE BENEFIT WILL BE $55,000. NAF WILL BE BILLED DIRECTLY BY VENDORS AND SUPPLIERS FOR LETTERSHOP AND POSTAGE COSTS AND BY DSCG FOR IN-HOUSE WORD PROCESSING, POSTAGE AND MAILINGS. ADDITIONALLY, EXPENSES SUCH AS REASONABLE LOCAL TRAVEL, TELEPHONES, FAXES, PHOTOCOPIES AND MESSENGER SERVICES ("OUT OF POCKET EXPENSES") WILL BE BILLED DIRECTLY TO NAF BY DS CONSULTING GROUP, LLC NOT TO EXCEED $5,000. NO ADDITIONAL EXPENSES WILL BE INCURRED WITHOUT THE PRIOR KNOWLEDGE AND WRITTEN APPROVAL OF NAF. THE FEE FOR GRANTWRITER SERVICE FOR THE MONTHS OF FEBRUARY TO AUGUST IS $13,000/MONTH, PAYABLE ON THE 15TH DAY OF THE MONTH. ELINORE ANTELL WILL CHARGE $750 PER DAY FOR THESE SERVICES, CALCULATED ON THE BASIS OF A 7.5-HOUR DAY ($100 PER HOUR). WORK LESS THAN ONE DAY WILL BE PRO-RATED ACCORDINGLY. 1 JENNINGS SCHOOL DISTRICT 2559 DORWOOD DRIVE JENNINGS MO 63136 436001840 SCHOOL DIST./GVT. 42500 NAF SUPPORT 2016-17 GLOBAL INTITIATIVES PO BOX 115 LANDENBERG PA 19350 161501127 501(C)(3) 25000 SUPPORT FOR WRITING COMPETITION 2017 THURGOOD MARSHALL COLLEGE FUND 901 F STREET NW SUITE 300 WASHINGTON DC 20004 411750692 501(C)(3) 19500 SCHOLARSHIPS DALLAS INDEPENDENT SCHOOL DISTRICT 3700 ROSS AVENUE DALLAS TX 752045491 756001278 SCHOOL DIST./GVT. 18450 PROGRAM GRANTS DETROIT PUBLIC SCHOOLS FUNDATION FISHER BUILDING SUITE 1004 3011 WEST GRAND BLVD DETROIT MI 48202 300135450 501(C)(3) 15000 PROGRAM GRANTS MECA FOR MIAMI DADE SCHOOL DISTRICT 1450 NE 2ND AVE ROOM 912 MIAMI FL 33132 596000572 SCHOOL DIST./GVT. 15000 DISTINGUISHED ACADEMY AWARD OLYMPIC HS FOUNDATION 16105 LANGSTON DRIVE CHARLOTTE NC 28278 462687879 501(C)(3) 12500 SCHOLARSHIPS AND DISTINGUISHED ACADEMY AWARD CHARLOTTE-MECKLENBURG BOARD OF EDUCATION PO BOX 30035 CHARLOTTE NC 28230 566001074 SCHOOL DIST./GVT. 10000 AWARDS WOODROW WILSON HS COMMUNITY FOUNDATION PO BOX 140062 DALLAS TX 75214 270208297 501(C)(3) 10000 AWARDS 9 0 PROVISION OF EDUCATIONAL SUPPLIES 700 268450 COST 700 TABLETS PART I, LINE 2: NAF DISBURSES SEVERAL SCHOLARSHIPS TO STUDENTS AND PROGRAM ALUMNI. IN ADDITION, PROGRAM GRANTS ARE DISBURSED TO THE ACADEMIES THEMSELVES TO ASSIST WITH PROGRAM EXPENDITURES. SCHOLARSHIPS ARE AWARDED THROUGH A COMPETITIVE APPLICATION PROCESS. DIFFERENT SCHOLARSHIP PROGRAMS HAVE VARYING CRITERIA, BUT IN GENERAL THE FOLLOWING APPLY: STUDENTS MUST BE ENROLLED IN OR ALUMNI OF AN ACADEMY. PROGRAM GRANTS ARE AWARDED BASED ON A COMPETITIVE PROCESS OR ACCORDING TO DONOR SPECIFICATIONS. X X X X 1 0 0 0 0 0 0 1 0 JONDEL HOYE PRESIDENT 518083 0 200000 0 1188 0 55800 0 24863 0 799934 0 0 0 MARYANNE BLOOMFIELD CHIEF ADVANCEMENT OFFICER 240835 0 6500 0 774 0 19033 0 34439 0 301581 0 0 0 LISA DUGHI CHIEF OPERATIONS OFFICER 243001 0 17500 0 162 0 22056 0 12012 0 294731 0 0 0 IRA BERKOWITZ CFO 206650 0 16000 0 774 0 32152 0 33110 0 288686 0 0 0 ANNE STANTON-MALONE CPO UNTIL 09/30/17 / ADVISOR 206379 0 2000 0 40581 0 17640 0 28113 0 294713 0 0 0 ANDREW ROTHSTEIN EVP, SPECIAL PROJECTS 209461 0 16500 0 1188 0 31856 0 15228 0 274233 0 0 0 BRENDA BARRY VP, CORPORATE ENGAGEMENT & RELATIONS 158461 0 17500 0 304 0 23025 0 33330 0 232620 0 0 0 HELEN BLANCH VP, NETWORK DEVELOPMENT & IMPLEMENTA 160730 0 17500 0 568 0 18280 0 11451 0 208529 0 0 0 WILLIAM TAYLOR VP, COMMUNITY ENGAGEMENT & EXPANSION 157607 0 17000 0 198 0 19490 0 13883 0 208178 0 0 0 KATHERINE BLASIK VP, RESEARCH & EVALUATION 156991 0 17500 0 871 0 23031 0 3829 0 202222 0 0 0 COLLEEN DEVERY AVP, STRATEGIC ALIGNMENT 125125 0 17000 0 101 0 14846 0 33006 0 190078 0 0 0 PATRICIA BROWN AVP, CORPORATE RELATIONS 128748 0 6000 0 423 0 14559 0 12426 0 162156 0 0 0 IRENE LYNN CHIEF OF STAFF, INTERNAL AFFAIRS 128609 0 17500 0 0 0 18033 0 0 0 164142 0 0 0 MICHAEL HENSON DIRECTOR, NAFTRACK 128000 0 5000 0 1189 0 17936 0 607 0 152732 0 0 0 KEARNEY STANIFORD CHIEF OF STAFF, EXTERNAL AFFAIRS 128609 0 17500 0 0 0 14175 0 0 0 160284 0 0 0 PART I, LINE 4A THE CHIEF PROGRAM OFFICER ANNE STANTON-MALONE RECEIVED SEVERANCE PAYMENT IN THE AMOUNT OF $40,000 IN 2017. PART I, LINE 7 BONUSES WERE PAID BASED ON THE PERFORMANCE OF THE INDIVIDUALS AND WITHIN THE APPROVED BUDGET. BONUSES WERE TAXABLE AND REPORTED ON THE INDIVIDUALS' 2017 FORM W-2S, AND INCLUDED ON SCHEDULE J, PART II IN COLUMN B (II). X 2 1655229 AVG. SELLING PRICE X EQUIPMENT 1 71350 COST 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTORS IN PART 1, COLUMN (B) OF SCHEDULE M. FORM 990, PART VI, SECTION A, LINE 2 THE BOARD MEMBER ROBERT DUGHI AND THE OFFICER LISA DUGHI HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 4 DURING YEAR 2017, NAF CHANGED ITS BYLAWS AS FOLLOWS: 1. CHANGES IN COMPOSITION OF THE GOVERNING BODY'S VOTING MEMBERS, AND THE PROCESS FOR FORMING BOARD COMMITTEES WAS SIMPLIFIED BUT THE SCOPE OF ISSUES THAT THE BOARD MAY DELEGATE TO SUCH COMMITTEES WAS FURTHER RESTRICTED 2. CHANGE THE DEFINITION OF INDEPENDENT DIRECTORS; BROADENING THE DEFINITION OF KEY PERSON: THE REVISED DEFINITION OF "INDEPENDENT DIRECTOR" MAKES IT EASIER FOR DIRECTORS TO QUALIFY AS INDEPENDENT AND THEREFORE IT IS EASIER TO POPULATE THE BOARD'S AUDIT COMMITTEE. THE DEFINED TERM "KEY EMPLOYEE" WAS CHANGED TO "KEY PERSON AND SLIGHTLY BROADENED. NOTE THAT "KEY PERSON" IS PART OF THE DEFINITION OF "INDEPENDENT DIRECTOR AND "KEY PERSONS" ARE ALSO REQUIRED TO ANNUALLY REVIEW AND SIGN THE CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT FORM (IN ADDITION TO DIRECTORS AND OFFICERS) FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE ORGANIZATION AND IN CONSULTATION WITH NATIONAL ACADEMY FOUNDATION STAFF MEMBERS. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN REVIEWED BY THE ORGANIZATION'S FINANCE DEPARTMENT, AS WELL AS THE FINANCE AND AUDIT COMMITTEES OF THE BOARD OF DIRECTORS. THE FINAL VERSION OF THE ORGANIZATION'S FORM 990 IS THEN PROVIDED ELECTRONICALLY TO THE FULL BOARD OF DIRECTORS BEFORE SUBMISSION OF THE RETURN TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C NAF HAS A CODE OF ETHICS/CONFLICT OF INTEREST POLICY REQUIRING ALL EMPLOYEES AND BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST POLICY LETTER ANNUALLY. THE STAFF LETTERS ARE REVIEWED AND MAINTAINED BY THE CFO. THE BOARD LETTERS ARE REVIEWED BY THE CEO AND CHAIRMAN OF THE BOARD. IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE ACTIONS REQUIRED, INCLUDING PREVENTING THE INDIVIDUAL FROM PARTICIPATING IN DISCUSSION AND DECISIONS REGARDING THE MATTER. MINUTES OF THE MEETINGS OF THE AUDIT COMMITTEE WILL RECORD THE NAMES OF THE INTERESTED PERSON, NATURE OF THE CONFLICT OF INTERESTS, AND THE FINAL DECISIONS MADE REGARDING THE CONFLICT OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 NAF HIRED AN INDEPENDENT COMPENSATION CONSULTANT TO PRODUCE A SALARY SURVEY IN 2013. NAF HAS SET COMPENSATION FOR SENIOR MANAGEMENT WITHIN THE RANGE OF THE GOING MARKET RATE FOR FUNCTIONALLY COMPARABLE POSITIONS HELD BY INDIVIDUALS WITH SIMILAR EXPERIENCE LEVELS AT SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION IS MAINTAINED IN NAFS RECORDS. A COMPENSATION COMMITTEE AND THE ENTIRE BOARD OF DIRECTORS REVIEW AND APPROVE COMPENSATION FOR THE CEO, AS WELL AS ALL OTHER TOP MANAGEMENT AND KEY EMPLOYEES. THIS PROCESS WAS LAST UNDERTAKEN IN 2017. FORM 990, PART VI, SECTION C, LINE 19 NAF MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE; THE FORM 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE, GUIDESTAR.ORG, AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FORM 990 AS WELL AS THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, FORM 1023, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST AT 218 WEST 40TH STREET, 5TH FLOOR, NEW YORK, NY 10018. FORM 990, PART IX, LINE 11G MARKETING/COMMUNICATIONS CONSULTING FEES: PROGRAM SERVICE EXPENSES 725,537. MANAGEMENT AND GENERAL EXPENSES 151,016. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 876,553. RESEARCH CONSULTING FEES: PROGRAM SERVICE EXPENSES 291,036. MANAGEMENT AND GENERAL EXPENSES 60,578. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 351,614. ACADEMY TECHNICAL ASSISTANCE CONSULTING: PROGRAM SERVICE EXPENSES 317,358. MANAGEMENT AND GENERAL EXPENSES 66,056. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 383,414. NAFTRACK FEES: PROGRAM SERVICE EXPENSES 208,060. MANAGEMENT AND GENERAL EXPENSES 43,307. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 251,367. PROGRAM SERVICE CONSULTING FEES: PROGRAM SERVICE EXPENSES 153,394. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 153,394. OTHER CONSULTING FEES: PROGRAM SERVICE EXPENSES 142,644. MANAGEMENT AND GENERAL EXPENSES 61,619. FUNDRAISING EXPENSES 5,577. TOTAL EXPENSES 209,840. PROFESSIONAL SERVICE FEE: PROGRAM SERVICE EXPENSES 201,387. MANAGEMENT AND GENERAL EXPENSES 41,917. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 243,304. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.