2017-10-20T10:57:00-05:00 2016-12-31 221478099 COHNREZNICK LLP 4 BECKER FARM ROAD ROSELAND NJ 07068 990 2016-01-01 231656462 National Kitchen & Bath Association NATI 9088520033 687 WILLOW GROVE STREET HACKETTSTOWN NJ 07840 WILLIAM DARCY ceo 9088520033 2017-10-20 1 THOMAS LANNING P00851654 9732283500 2017-10-14 209.3.217.20 2017-10-20 08:43:03 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 85D90453E2D3BA535B05F3D251534FC1C34A3536 2016 2021-01-29 14:40:06Z WILLIAM DARCY 687 WILLOW GROVE STREET HACKETTSTOWN NJ 07840 14798208 0 X WWW.NKBA.ORG X 1963 DE Through the creation of marketplaces, networks and certifications, NKBA will inspire, lead and empower the kitchen and bath industry. 9 9 50 700 121896 0 3114709 3429976 6857449 7405338 392938 357676 142998 126079 10508094 11319069 114044 152572 0 0 4436536 4357818 0 0 0 5935408 6003828 10485988 10514218 22106 804851 16816512 20299966 6311295 9639357 10505217 10660609 X Through the creation of marketplaces, networks and certifications, NKBA will inspire, lead and empower the kitchen and bath industry. 0 0 MEMBERSHIP - THE NATIONAL KITCHEN & BATH ASSOCIATION HAS NEARLY 14,000 MEMBERS, CONDUCTED LEADERSHIP TRAINING FOR MORE THAN 200 chapters in North America. PROFESSIONAL PROGRAMS - Our mission is to promote professionalism in the kitchen and bath industry and to educate the public on the role and value of working with a qualified professional. To that end, we provide a range of resources to help both homeowners and pros learn everything they need to know. MARKETING PROGRAMS - CREATIVE AND EDITORIAL SERVICES DEVELOPED NEW AND INFORMATIVE MATERIALS TO KEEP MEMBERS AND CONSUMERS KNOWLEDGEABLE OF INDUSTRY AND MARKET TRENDS. PUBLIC RELATIONS EXPENSE IS INCURRED TO PROMOTE THE INDUSTRY IN GENERAL AND TO EDUCATE THE PUBLIC ABOUT THE INDUSTRY, ITS PRODUCTS, AND MEMBER EDUCATION. 0 0 0 1 0 0 0 0 0 1 0 0 0 0 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 1 105 0 1 50 0 1 1 0 0 0 0 0 X 9 9 0 0 1 0 0 0 0 1 1 0 1 1 0 1 1 1 1 1 1 0 0 X Stephen M Graziano 9088520033 687 WILLOW GROVE STREET HACKETTSTOWN NJ 07840 X chris terril member 0.50 X 0 0 0 denise dick cmkbd member 0.50 X 0 0 0 emilee chappell member 0.50 X 0 0 0 Lorenzo Marquez VICE CHAIR 0.50 X X 0 0 0 maria stapperfenne cmkbd member 0.50 X 0 0 0 MARK KOVICH CHAIRMAN 0.50 X X 0 0 0 Neil Bailey secretary/treasury 0.50 X X 0 0 0 stephen joseph member 0.50 X 0 0 0 timothy ebner member 0.50 X 0 0 0 STEPHEN GRAZIANO VICE PRESIDENT, FINANCE & operations 35.00 X 182605 0 8760 william darcy ceo 35.00 X 356519 0 40982 edward nagorsky GENERAL COUNSEL & DIRECTOR OF LEGISLATIVE 35.00 X 307157 0 34113 LOREN BARROW DIRECTOR OF MARKETING 35.00 X 114384 0 18760 SUSAN WILLIFORD Director Industry Relation 35.00 X 149000 0 23054 1109665 0 125669 5 0 1 0 O'REILLYDEPALMA 6545 CALAMAR DRIVE CUMMING GA 30040 PUBLIC RELATIONS/DIGITAL MARKETING 340408 APTIFY 7900 WESTPARK DRIVE ATRIUM 5TH FL TYSONS CORNER VA 02210 ASSOCIATION MANAGEMENT SYSTEM 144531 2 3429976 3429976 TRADE SHOW 900099 6202944 6202944 PROFESSIONAL PROGRAMS 900099 929565 929565 CONFERENCE 900099 242829 242829 OPERATIONS 900099 30000 30000 7405338 365084 365084 3471731 3462732 16407 8999 -16407 -7408 -7408 ADVERTISING REVENUE 541800 126079 4183 121896 126079 11319069 7409521 121896 357676 X 152572 591078 3006188 76828 419761 263963 262458 63339 789 46557 1096746 612724 681480 851634 194489 726425 865100 1682 158259 75260 Bad debts 180355 TRAINING AND DEVELOPMEN 136538 equipment rental and ma 22849 27144 10514218 3714801 6304834 3526225 2985207 2167 9464 88211 35137 451158 463807 4822350 2232536 1865834 2589814 7123379 7869410 18885 17957 25852 24336 16816512 20299966 801497 1588873 5480907 8030862 28891 19622 6311295 9639357 X 10505217 10660609 10505217 10660609 16816512 20299966 X 804851 210541 -860000 X X 0 1 X 1 0 0 0 0 3429976 789 789 159151 -158362 612904 612904 2415721 1697136 718585 1793725 535400 1258325 2589814 X 11365662 210541 -180355 30186 11335476 -16407 -16407 11319069 11210270 876407 876407 10333863 180355 180355 10514218 Part X, Line 2: THE ASSOCIATION HAS NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2016 AND 2015. THE ASSOCIATION'S FEDERAL AND STATE INCOME TAX RETURNS PRIOR TO FISCAL YEARS 2013 AND 2012, RESPECTIVELY, ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE ASSOCIATION RECOGNIZES INTEREST AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS PART OF GENERAL AND ADMINISTRATIVE EXPENSES AND INCLUDES ACCRUED INTEREST AND PENALTIES IN ACCRUED EXPENSES IN THE STATEMENTS OF FINANCIAL POSITION. THERE WERE NO INTEREST OR PENALTIES PAID FOR EACH OF THE YEARS ENDED DECEMBER 31, 2016 AND 2015. Part XI, Line 2d - Other Adjustments: chapter sharing on membership revenues -180,355. Part XI, Line 4b - Other Adjustments: loss on disposal of fixed assets -16,407. Part XII, Line 2d - Other Adjustments: loss on disposal of fixed assets 16,407. extraordinary employee settlement, to be recorded in 2017 860,000. Part XII, Line 4b - Other Adjustments: chapter sharing on membership revenues 180,355. X X X X 1 1 X X X X 0 0 0 STEPHEN GRAZIANO VICE PRESIDENT, FINANCE & operations 177557 0 3500 0 1548 0 6490 0 3250 0 192345 0 0 0 william darcy ceo 315724 0 39955 0 840 0 13250 0 28964 0 398733 0 0 0 edward nagorsky GENERAL COUNSEL & DIRECTOR OF LEGISL 303452 0 0 0 3705 0 9094 0 26251 0 342502 0 0 0 SUSAN WILLIFORD Director Industry Relation 143458 0 3500 0 2042 0 0 0 23916 0 172916 0 0 0 Part I, Line 1a The association believes there is a business purpose in having companions attend their events. As such, any amounts asked to be reimbursed are considered to be taxed to said individual. Part I, Line 7 Included on schedule j part ii column b(ii) are amounts for bonuses. These amounts were approved by the board and included on the individuals w-2s Form 990, Part VI, Section A, line 4 in 2016 the organization amended its bylaws to reflect a restructuring in the board of directors, decreasing the number of board members required for a full board. The organization also changed the wording of its mission statement to be: Through the creation of marketplaces, networks and certifications, NKBA will inspire, lead and empower the kitchen and bath industry. Form 990, Part VI, Section B, line 11b UPON RECEIPT OF COMPLETED FORM 990 FROM COHNREZNICK, THE RETURN IS REVIEWED BY NKBA CONTROLLER, THE OUTSIDE FINANCIAL ADVISOR TO THE FINANCE COMMITTEE, AND NKBA CEO. Form 990, Part VI, Section B, line 12c ON AN ANNUAL BASIS, ALL MEMBERS OF THE NATIONAL BOARD OF DIRECTORS, COUNCIL SEGMENT COMMITTEES, STANDING COMMITTEES, AND SENIOR LEVEL EMPLOYEES ARE REQUIRED TO SIGN AND SUBMIT A CONFLICT OF INTEREST STATEMENT TO NKBA'S LEGAL COUNSEL. Form 990, Part VI, Section B, line 15a IN CONSULTATION WITH AN INDEPENDENT HR CONSULTANT SPECIALIZING IN EXECUTIVE COMPENSATION, COMPENSATION FOR THE CEO WAS DETERMINED BY A REVIEW OF BENCHMARKING SURVEYS FOR ASSOCIATION EXECUTIVES. FACTORS CONSIDERED INCLUDED GEOGRAPHY, SIZE, AND TYPE OF ASSOCIATION AS WELL AS EDUCATION AND EXPERIENCE. THE NKBA COMPENSATION COMMITTEE REVIEWS ALL DATA AND MADE A RECOMMENDATION TO THE NKBA EXECUTIVE COMMITTEE WHICH APPROVED THE RECOMMENDATION. Form 990, Part VI, Section C, line 19 all documents are available upon request. Form 990, part VII: the organization does not compensate board members for their work on the board. compensation to board members represent speaker fees for various NKBA engagements. Form 990, Part IX, line 11g Other 1,096,746. Form 990, Part XI, line 9: extraordinary employee settlement accrued on the financial statements -860,000. form 990, part xii, line 2c: finance committee assumes the responsibility for oversight of the audit of the financial statements and selection of an independant auditor.