2017-10-31T13:42:08-05:00 2016-12-31 521855942 Tate and Tryon 2021 L Street NW Suite 400 Washington DC 20036 990 2016-01-01 470730228 North American Securities Administrators Association Inc NORT 2027370900 750 FIRST STREET NE No 1140 WASHINGTON DC 20002 JOSEPH BRADY EXECUTIVE DIRECTOR 2027370900 2017-10-31 1 R Michael Sorrells P00001737 2022932200 216.59.105.130 2017-10-31 13:42:06 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 0A779249EE4AB03D4EBCA877230ED83790B34DB8 2016 2021-01-29 14:40:06Z JUDITH SHAW 750 FIRST STREET NE No 1140 WASHINGTON DC 20002 7942999 0 X WWW.NASAA.ORG X 1919 DC NASAA REPRESENTS AND SERVES ITS MEMBERS THROUGH ADVOCACY, EDUCATION, SUBJECT MATTER EXPERTISE, (continued): COMMUNICATION, AND COORDINATION. 9 9 21 0 0 0 0 0 6704933 7779378 27592 34209 88904 129412 6821429 7942999 0 0 0 0 2055098 2377463 0 0 0 3614287 3766357 5669385 6143820 1152044 1799179 8813209 10778095 528391 695060 8284818 10083035 X NASAA REPRESENTS AND SERVES ITS MEMBERS THROUGH ADVOCACY, EDUCATION, SUBJECT MATTER EXPERTISE, COMMUNICATION, AND COORDINATION. 1 0 422114 137370 AN ANNUAL FALL CONFERENCE IS HELD EACH YEAR IN A DIFFERENT CITY IN CONJUNCTION WITH A FULL MEMBERSHIP MEETING. BOTH SERVE TO UPDATE PARTICIPANTS AND MEMBERS ON CURRENT EVENTS PERTAINING TO SECURITIES ADMINISTRATION. 164709 23760 AN ANNUAL SPRING CONFERENCE IS HELD EACH YEAR IN WASHINGTON, DC IN CONJUNCTION WITH A FULL MEMBERSHIP MEETING. BOTH SERVE TO UPDATE PARTICIPANTS AND MEMBERS ON CURRENT EVENTS PERTAINING TO SECURITIES ADMINISTRATION. 1789508 7618248 OTHER CONFERENCES, PROGRAMS AND ACTIVITIES ARE ORGANIZED THROUGHOUT THE YEAR TO PROVIDE TRAINING AND EDUCATION TO MEMBERS WHO DEAL WITH SECURITIES REGULATION AND ENFORCEMENT MATTERS. 2376331 1 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 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 24 0 1 21 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X NASAA 2027370900 750 FIRST ST NE 1140 WASHINGTON DC WASHINGTON DC 20002 Judith Shaw President/Director 8.00 X X 0 0 0 Mike Rothman President/Director 8.00 X X 0 0 0 William Beatty Director 8.00 X 0 0 0 Katherine Daniels Treasurer/Director 8.00 X X 0 0 0 Gerald Rome Secretary/Treasurer 8.00 X X 0 0 0 Joseph Borg Director 8.00 X 0 0 0 Diana Foley Secretary/Director 8.00 X X 0 0 0 Jack Herstein Director 8.00 X 0 0 0 John Morgan Director 8.00 X 0 0 0 Kelly Gorman Director 8.00 X 0 0 0 Michael Pieciak Treasurer/Director 8.00 X X 0 0 0 Shonita Bossier Secretary/Director 8.00 X X 0 0 0 Kevin Anselm Director 8.00 X 0 0 0 Tom Cotter Director 8.00 X 0 0 0 Pamela Epting Director 8.00 X 0 0 0 Melanie Lubin Director 8.00 X 0 0 0 Joseph Brady Executive Director 40.00 X 267642 0 53230 Michael Canning Director of Policy 40.00 X 144415 0 33483 Anne-Valerie Mirko General Counsel 40.00 X 169697 0 22313 Robert Webster Director of Communications 40.00 X 162364 0 54192 Anya Coverman Deputy Dir. Of Policy & Assoc. General Counsel 40.00 X 120167 0 13829 Zachary Knepper Deputy General Counsel 40.00 X 103765 0 10377 968050 0 187424 7 0 1 0 Global Meeting Partners 420 APPLE STREET POTTSTOWN PA 19464 Meeting & Convention Services 154765 Venable LLP 600 Massachusetts Ave NW Washington DC 20001 Legal advisory Services 102305 2 EXAM FEES & GUIDES 900099 6440458 6440458 E- FORM Depository 900099 1026890 1026890 CONFERENCES 900099 161130 161130 MEMBERSHIP FEES 900099 120600 120600 TRAINING EVENTS 900099 30300 30300 7779378 34209 34209 129412 129412 7942999 7779378 0 163621 322838 322838 1616892 1616892 114158 114158 195864 195864 127711 127711 235245 168269 66976 48614 47200 1414 66000 66000 417304 20340 396964 39579 39579 143166 89567 53599 376293 376293 1154370 954541 199829 876562 874562 2000 139108 117035 22073 23768 23768 Bank and Processing fee 98244 94941 3303 PRINTING AND PUBLICATIO 75103 9876 65227 RECRUITING & Retention 69171 0 69171 Miscellaneous 3830 3830 6143820 2376331 3767489 0 603745 968298 378341 507008 77820 97239 1015890 807663 266768 208227 7445223 8976846 41312 20477 8813209 10778095 528391 500170 194890 528391 695060 X 8284818 10083035 8284818 10083035 8813209 10778095 1799179 -962 0 X X 0 1 X 1 0 X 120600 120600 120600 120600 120600 603000 4023691 5187781 5926595 6584333 7658778 29381178 4144291 5308381 6047195 6704933 7779378 29984178 0 0 0 29984178 81316 68650 53394 71496 163621 438477 81316 68650 53394 71496 163621 438477 49458 420502 11800 45000 526760 4275065 5797533 6112389 6821429 7942999 30949415 0.96880 0.96490 0.01420 0.01350 X Schedule A, Part III, Line 12, Explanation of Other Income: SETTLEMENT INCOME - 2012 Amount: $ 49,458. 2013 Amount: $ 420,502. 2014 Amount: $ 11,800. 2015 Amount: $ 45,000. 2016 Amount: $ 0. 0 169930 169930 5973890 6143820 457191 114298 0 0 457191 457191 685787 169930 169930 114298 114298 171447 Part 1-A, Line 1b, Lobbying Activities ACTIVITIES NASAA HAS ENGAGED IN TO INFLUENCE FEDERAL LEGISLATION INCLUDE: CONGRESSIONAL MEETINGS (INCLUDING NASAA STAFF AND/OR CONSULTANT AND/OR NASAA MEMBERS); NASAA CORRESPONDENCE TO CONGRESS REGARDING LEGISLATIVE MATTERS; NASAA POLICY STAFF INTERACTIONS WITH CONGRESSIONAL STAFF VIA EMAIL AND TELEPHONE; WORK ON AND PUBLIC RELEASE OF THE NASAA FEDERAL LEGISLATIVE AGENDA; PROVIDING TESTIMONY TO HOUSE OF REPRESENTATIVES FINANCIAL SERVICES COMMITTEE AND PREPARATION THEREFOR. NASAA POLICY STAFF HAS ALSO COMMUNICATED ON AN AD HOC BASIS WITH STATE LEGISLATORS AND LEGISLATIVE STAFF ON MATTERS OF STATE LEGISLATION. NASAA HIGHLIGHTS BOTH ITS FEDERAL AND STATE-LEVEL POLICY ADVOCACY THROUGH PRESENTATIONS (INCLUDING A FOCUSED PRESS RELEASE FOR THE FEDERAL LEGISLATIVE AGENDA), AND PUBLICATIONS SUCH AS NASAA NEWSLETTERs and weekly member updates. 14960 1591 13369 206801 142062 64739 794129 664010 130119 208227 7942037 -962 -962 7942999 0 7942999 6143820 0 6143820 0 6143820 X X X X 0 0 0 0 0 0 0 0 0 Joseph Brady Executive Director 254327 0 13000 0 315 0 37456 0 17740 0 322838 0 0 0 Michael Canning Director of Policy 143726 0 500 0 189 0 17983 0 17298 0 179696 0 0 0 Anne-Valerie Mirko General Counsel 169008 0 500 0 189 0 22313 0 1922 0 193932 0 0 0 Robert Webster Director of Communications 160478 0 500 0 1386 0 21057 0 34783 0 218204 0 0 0 Form 990, Part III, line 2 NASAA, under the leadership and supervision of its state securities regulator members, operates the Electronic Filing Depository ("EFD"). The EFD system benefits from the oversight of the NASAA Board of directors and subject matter expertise from the EFD Steering Committee. EFD is an internet-accessible database system that allows issuers to submit regulatory filings, currently Form D for regulation D, Rule 506 offerings and pay related fees to state securities regulators. EFD also provides a public-facing website allowing members of the public to search and view, free of charge, Form D filings and additional form filings made with other state securities regulators. The EFD system allows filers and state regulatory agencies to transition from a paper-based filing system to an electronic system. By fostering uniformity in state regulatory filings, and simplifying communications between filer and regulator, EFD helps provide regulators with a more efficient and effective means of receiving and monitoring securities filings, as well as better aligning the state filing process with the federal filing process. Form 990, Part VI, Section A, line 6 NASAA IS A PROFESSIONAL ASSOCIATION OF SECURITIES ADMINISTRATORS WITH 67 MEMBERS. Form 990, Part VI, Section A, line 7a NASAA'S DIRECTORS ARE ELECTED BY A VOTE OF THE FULL MEMBERSHIP. Form 990, Part VI, Section A, line 7b PROPOSED AMENDMENTS TO THE ORGANIZATION'S BY-LAWS, IF INITIATED BY THE GOVERNING BODY, REQUIRE APPROVAL BY THE MEMBERSHIP. Form 990, Part VI, Section B, line 11b THE EXECUTIVE DIRECTOR IS PROVIDED WITH A DRAFT OF THE FORM 990 PREPARED BY THE ORGANIZATION'S OUTSIDE CPA. THE EXECUTIVE DIRECTOR, WITH ASSISTANCE FROM THE DIRECTOR OF FINANCE, REVIEWS THE DRAFT AND PROVIDES FEEDBACK TO THE OUTSIDE CPA. THE FINAL DRAFT OF THE FORM 990 IS THEN PROVIDED TO THE BOARD OF DIRECTORS. THE RETURN IS FINALIZED ONCE ALL ISSUES RAISED DURING THE REVIEW PROCESS HAVE BEEN PROPERLY RESOLVED. Form 990, Part VI, Section B, line 12c Officers, directors, and employees (collectively, "Covered Individuals") of NASAA each have an affirmative obligation to act at all times in the best interests of NASAA. Each Covered Individual shall disclose any and all facts that may be construed as a conflict of interest. Disclosures are made at the time of hire, election or appointment; through an annual disclosure process; and whenever an actual or potential conflict arises. The Board of Directors or a designated working group of the Board will review submitted disclosures, determine whether or not a conflict of interest exists, and determine whether or not such conflict materially and adversely affects NASAA's interests. If the Board of Directors or the designated working group of the Board determines that an actual or potential conflict of interest exists, it shall also determine an appropriate remedy. Form 990, Part VI, Section B, line 15a THE EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE CORPORATE OFFICE REVIEW COMMITTEE, COMPRISED OF THE PRESIDENT, the PRESIDENT-ELECT, THE IMMEDIATE PAST PRESIDENT, AND THE TREASURER. SEE SCHEDULE J FOR ADDITIONAL DETAILS. Form 990, Part VI, Section C, line 19 NO DOCUMENTS AVAILABLE TO THE PUBLIC. Form 990, Part XII, Line 2c: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE ANNUAL FINANCIAL AUDIT. THIS HAS NOT CHANGED FROM PRIOR YEARS.