2018-03-20T11:57:41-05:00 2017-09-30 560747981 DIXON HUGHES GOODMAN LLP 1410 SPRING HILL ROAD SUITE 500 TYSONS VA 221023056 990 2016-10-01 710435097 NATIONAL ASSOCIATION OF STATE DIRECTORS OF SPECIAL EDUCATION INC NATI 7035193800 225 REINEKERS LANE STE 420 No 420 ALEXANDRIA VA 22314 Theron Bill East EXECUTIVE DIRECTOR 7035193800 2018-03-19 1 David L Johnson P00188102 7039700400 2018-03-19 216.59.121.66 2018-03-19 11:12:43 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 B796209F2231A5FAA0A804C5077D901807578F57 2016 2021-01-29 14:40:06Z Theron BILL EAST 225 REINEKERS LANE STE 420 No 420 ALEXANDRIA VA 22314 1895277 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 2658933 1823513 74174 70329 2929 1435 2736036 1895277 0 0 0 0 1344761 1251846 0 0 0 1533989 813071 2878750 2064917 -142714 -169640 3821113 3671255 1042229 1062011 2778884 2609244 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 1017537 1092911 TO DEVELOP PROGRAMS FOR THE EDUCATION OF EXCEPTIONAL CHILDREN, YOUTH AND ADULTS BOTH HANDICAPPED AND GIFTED THROUGH FEDERAL PROGRAMS 33703 732037 TO AID STATE EDUCATION AGENCIES THROUGH VARIOUS PROGRAMS, PERIODICALS AND MEETINGS. 1051240 1 0 0 1 0 0 0 0 0 1 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 26 0 1 10 1 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 225 Reinekers Lane Suite 420 ALEXANDRIA VA 22314 Glenna Gallo President 5.00 X 0 0 0 John Eisenberg Past President 5.00 X 0 0 0 Bill Hussey SECRETARY/TREASURER 5.00 X 0 0 0 Barbara Guy Member at Large 5.00 X 0 0 0 Santna Thibedeau Member at Large 5.00 X 0 0 0 Linda Turner Member at Large 5.00 X 0 0 0 Monica Verra-Tirado Member at Large 5.00 X 0 0 0 Jamie Wong Member at Large 5.00 X 0 0 0 Theron Bill East Executive Director 40.00 X 246323 0 48924 Nancy Reder Deputy Executive Director 40.00 X 173993 0 28983 Joanne Cashman Project Director 40.00 X 131192 0 30586 551508 0 108493 3 0 1 0 0 FEDERAL CONTRACTS, GRA 900099 1092911 1092911 Membership Dues 900099 569047 569047 Affinity groups 900099 85250 85250 GSA Grant 900099 55558 55558 Business Plan 900099 9821 9821 10926 10926 1823513 70329 70329 OTHER 900099 1435 1435 1435 1895277 1824948 0 70329 599010 271304 327706 465919 327974 137945 46682 32997 13685 140235 78964 61271 94800 94800 25788 25788 73409 21718 51691 218305 218305 80032 68354 11678 5365 5365 CONSULTANTS AND RELATED 196168 191433 4735 PUBLICATIONS/SUBSCRIPTI 48739 48329 410 TAXES, INSURANCE AND OT 42223 42223 TELEPHONE 24090 10167 13923 4152 4152 2064917 1051240 1013677 0 764340 856116 2313774 2268168 538215 302617 33880 62971 367886 361443 11808 6443 106691 122535 52405 52405 3821113 3671255 588072 359215 307783 567264 146374 135532 1042229 1062011 X 2669219 2483735 104665 120509 5000 5000 2778884 2609244 3821113 3671255 -169640 0 X X 0 1 X 1 1 1 X 3173404 2487166 2211819 2113908 1661958 11648255 270557 154748 295559 547954 162990 1431808 3443961 2641914 2507378 2661862 1824948 13080063 0 0 0 13080063 77362 80439 61182 74174 70329 363486 77362 80439 61182 74174 70329 363486 3521323 2722353 2568560 2736036 1895277 13443549 0.97300 0.97320 0.02700 0.02680 X 6784 6784 2058133 2064917 253246 63312 0 0 286591 279641 443938 253246 1263416 1895124 14027 8414 6541 6784 35766 71648 69910 110985 63312 315855 473783 5000 0 5000 5000 5000 5000 5000 5000 58 58 5000 5000 5000 0 0 367886 361443 6443 6443 DEFERRED RENT 135532 135532 X 1895277 0 1895277 0 1895277 2064917 0 2064917 0 2064917 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 PERMANENTLY RESTRICTED NET ASSETS IS CLASSIFIED AS TEMPORARILY RESTRICTED NET ASSETS 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 MAINITAIN 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 CAPTIAL 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. FUNDS WITH DEFICIENCIES: FROM TIME TO TIME, THE FAIR VALUE OF ASSETS ASSOCIATED WITH INDIVIDUAL DONOR-RESTRICTED ENDOWMENT FUNDS MAY FALL BELOW THE LEVEL THE DONOR OR UPMIFA REQUIRES THE ASSOCIATION TO RETAIN AS A FUND OF PERPETUAL DURATION. THERE WERE NO SUCH DEFICIENCIES AS OF SEPTEMBER 2017 OR 2016. Part X, Line 2: The Organization 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 2013 through 2017. X X 0 0 0 0 0 0 0 0 0 Theron Bill East Executive Director 246323 0 0 0 0 0 30230 0 18694 0 295247 0 0 0 Nancy Reder Deputy Executive Director 173993 0 0 0 0 0 14873 0 14110 0 202976 0 0 0 Joanne Cashman Project Director 131192 0 0 0 0 0 13080 0 17506 0 161778 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. 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 XII, Line 2c: No Changes from prior year process.