2017-09-11T13:35:45-05:00 2016-12-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2016-01-01 133480246 NAF NAF 2126352400 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 IRA BERKOWITZ CFO 2126352400 2017-09-11 1 GARRETT M HIGGINS P00543209 2122862600 2017-09-11 65.51.112.58 2017-09-11 14:23:07 ED P 5FBDCBD040DC1AD11941E9056BDD8F8313149616 7BA56FF327DF6CE66E5B3B670A4D710D6BB1380E 2016 2021-01-29 14:40:06Z JONDEL HOYE 218 WEST 40TH STREET 5TH FLOOR NEW YORK NY 10018 16590529 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. 26 25 64 28 0 0 14062760 8788855 2743644 2970744 185490 318898 -182626 -116054 16809268 11962443 476450 317159 0 0 7364956 7907756 103000 211938 1253592 7623008 7535841 15567414 15972694 1241854 -4010251 22388483 18507294 1996471 2199983 20392012 16307311 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 3008724 88875 764536 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. 2593230 76602 658956 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. 2005323 59236 509565 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. 2051077 60587 521192 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. 2267061 31859 516495 OTHER ACADEMIES - INCLUDING ACADEMY OF HOSPITALITY AND TOURISM (SPECIALIZING IN HOSPITALITY AND TOURISM). 4318138 92446 1037687 11925415 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 40 0 64 1 0 0 0 0 0 1 1 0 0 0 0 X 26 25 0 0 0 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 520435 0 78229 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 ANDY F BESSETTE DIRECTOR UNTIL 3/23/16 3.00 X 0 0 0 JEFFREY BRILL DIRECTOR 3.00 X 0 0 0 URSULA M BURNS DIRECTOR 3.00 X 0 0 0 LYNNE DOUGHTIE DIRECTOR FROM 1/27/16 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 LOWELL MCADAM DIRECTOR UNTIL 2/2/16 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 JOSEPH J PLUMERI II DIRECTOR 3.00 X 0 0 0 MARC REED DIRECTOR FROM 2/1/16 3.00 X 0 0 0 LARRY RENFRO DIRECTOR FROM 9/16/16 3.00 X 0 0 0 JAMES D ROBINSON III DIRECTOR 3.00 X 0 0 0 ROBERT SCHWARTZ DIRECTOR 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 3.00 X 0 0 0 DAVID STEWARD DIRECTOR FROM 9/16/16 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 IRA BERKOWITZ CFO 40.00 X 207178 0 74113 ANNE STANTON-MALONE EXECUTIVE DIR., FUTURE READY VENTURE 40.00 X 228109 0 69814 ANDREW ROTHSTEIN VP, PROGRAMS 40.00 X 210740 0 47778 HELEN BLANCH REGIONAL DIR, REGIONS 1 & 2 40.00 X 169333 0 33882 KATHERINE BLASIK AVP, RESEARCH & EVALUATION 40.00 X 152409 0 25872 LISA DUGHI VP OF MARKETING AND OPERATIONS 40.00 X 149343 0 24082 BRENDA BARRY AVP, ACADEMY DEVELOPMENT 40.00 X 146437 0 54897 MICHAEL HENSON DIRECTOR, NAFTRACK 40.00 X 131689 0 18717 WILLIAM TAYLOR VP, COMMUNITY ENGAGEMENT 40.00 X 130552 0 30733 COLLEEN DEVERY AVP, STRATEGIC ALIGNMENT 40.00 X 125232 0 56064 2171457 0 514181 21 0 1 0 NOCTI 500 NORTH BRONSON AVENUE BIG RAPIDS MI 49307 TESTING SERVICES 783846 THE BRIDGESPAN GROUP INC 2 COPLEY PLACE SUITE 3700B BOSTON MA 02116 STRATEGY CONSULTING 485000 MINDFUL SOLUTIONS INC 115 BROOKMEAD COURT SAN ANSELMO CA 94960 CURRICULUM SERVICES 297500 ORGANIZATIONAL SERVICES INC 3380 TRAVIS POINTE ROAD SUITE H ANN ARBOR MI 48108 CONFERENCE MGMT SERVICES 271094 PW FEATS INC 3 EAST READ STREET BALTIMORE MD 21202 CONFERENCE SVCS 257855 9 1543161 7245694 339783 8788855 MEMBERSHIP DUES 541900 1603815 1603815 CONFERENCE REGISTRATION FEES 541900 772668 772668 SCHOOL DISTRICT CONTRACTS 541900 594261 594261 2970744 144082 144082 4593419 4418603 174816 174816 174816 85470 1543161 209483 -124013 -124013 OTHER REVENUE 900099 7959 7959 7959 11962443 2970744 0 202844 296159 296159 21000 21000 1817892 1416868 341157 59867 173425 173425 4453056 2826100 1031715 595241 410100 258608 93081 58411 621136 413064 131996 76076 432147 284103 102399 45645 77500 77500 211938 211938 1412362 802823 575630 33909 135419 101564 20313 13542 376127 282095 56419 37613 607449 455587 91117 60745 884761 837938 31303 15520 1949824 1949824 95692 71769 14354 9569 CURRICULUM AND ASSESSME 1136868 1136868 STRATEGIC PLAN DEVELOPM 509655 509655 STAFF PROFESSIONAL DEVE 178340 133755 26751 17834 REPAIR & MAINTENANCE 55517 41638 8328 5551 116327 85997 18199 12131 15972694 11925415 2793687 1253592 762190 1771101 12227431 6855362 487953 783897 222177 125069 4505974 1709358 2704504 2796616 5881775 5785171 102453 390078 22388483 18507294 1231890 1395803 502421 584869 21085 21085 241075 198226 1996471 2199983 X 4464768 3932676 15397244 11844635 530000 530000 20392012 16307311 22388483 18507294 X -4010251 -149581 75131 X X 0 1 X 1 0 X 20164165 16834503 8118043 14062760 8788855 67968326 20164165 16834503 8118043 14062760 8788855 67968326 6727122 61241204 235260 142132 166306 175082 144082 862862 22 13345 28291 3500 7959 53117 68884305 11852475 0.88900 0.87650 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CURRICULUM PROJECTS - 2014 AMOUNT: $ 20,000. TALENT DEVELOPMENT - 2014 AMOUNT: $ 6,000. SPEAKING ENGAGEMENTS - 2014 AMOUNT: $ 2,291. OTHER INCOME - 2012 AMOUNT: $ 22. 2013 AMOUNT: $ 13,345. 2015 AMOUNT: $ 3,500. 2016 AMOUNT: $ 7,959. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 626000 59157 56500 628657 679585 14915 68500 626000 683420 82665 86500 679585 583998 140922 41500 683420 568153 67345 51500 583998 0.00000 0.84310 0.15690 0 0 207497 140409 67088 476032 372600 103432 3822445 1196349 2626096 2796616 DEFERRED RENT 198226 198226 X 12269793 -149581 247448 209483 307350 11962443 0 11962443 16354494 247448 209483 456931 15897563 75131 75131 15972694 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 2013. PART XI, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT REPORTED ON FORM 990, PART VIII, LINE 8 209,483. PART XII, LINE 2D - OTHER ADJUSTMENTS: DIRECT COST OF SPECIAL EVENT REPORTED ON FORM 990, PART VIII, LINE 8 209,483. PART XII, LINE 4B - OTHER ADJUSTMENTS: REDUCTION OF BAD DEBTS 75,131. X X X X X X 1 DS CONSULTING GROUP 845 THIRD AVENUE 6TH FLOOR NEW YORK NY 10022 STRATEGIC PLANNING 1 1628631 50000 1578631 COMMUNITY COUNSELING SERVICE LLC 527 MADISON AVENUE 5TH FLOOR NEW YORK NY 10017 CAPITAL CAMPAIGN SERVICES 0 0 161938 -161938 1628631 211938 1416693 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 1628631 1543161 85470 119040 90443 1628631 1543161 85470 119040 90443 209483 -124013 SCHEDULE G, PART I, LINE 2B, COLUMN (V) COMMUNITY COUNSELING SERVICE LLC - PROVIDED PROFESSIONAL SERVICES TO DEVELOP STRATEGIES AND SUPPORT THE IMPLEMENTATION OF A 5 YEAR CAPITAL CAMPAIGN TO FUND NAF'S NEW STRATEGIC PLAN. DS CONSULTING GROUP - PROVIDED PROFESSIONAL SERVICES TO MANAGE AND CONDUCT THE ANNUAL BENEFIT ON BEHALF OF NAF. ROLES INCLUDED (BUT LIMITED TO THE FOLLOWING): 1) CREATING STRATEGIC PLAN AND OFFERING IDEAS TO ENHANCE THE OVERALL PROGRAM OF THE BENEFIT 2) ADVISING AND ASSISTING IN IDENTIFYING EVENT LEADERSHIP AND GOVERNMENT/OPINION LEADER THROUGH PROSPECT RESEARCH 3) CREATING AND MAINTAINING ALL MAILING LISTS AS DIRECTED BY NAF 4) SUPERVISING ANY LETTERSHOP MAILINGS 5) PERFORMING TELEPHONE FOLLOW-UP ON INVITATIONS FOR TABLE AND TICKETS SALES AND RESERVATIONS AS DIRECTED BY NAF 1 BARKER CENTRAL SCHOOL DISTRICT 1628 QUAKER ROAD BARKER NY 14012 166001503 SCHOOL DIST./GVT. 42980 PROGRAM GRANTS BIRMINGHAM CITY SCHOOLS 2015 PARK PLACE NORTH BIRMINGHAM AL 35203 636000767 SCHOOL DIST./GVT. 15000 PROGRAM GRANTS DALLAS INDEPENDENT SCHOOL DISTRICT 2909 N BUCKNER BLVD STE 311 DALLAS TX 75228 756001278 SCHOOL DIST./GVT. 23379 PROGRAM GRANTS GLOBAL INITIATIVES PO BOX 5146 WEST CHESTER PA 19380 161501127 501(C)(3) 25000 PROGRAM GRANTS MAGNET EDUCATIONAL CHOICE ASSC 1450 NE 2ND AVENUE SUITE 352 MIAMI FL 33132 650290712 501(C)(3) 30000 PROGRAM GRANTS NYC ACADEMY FOUNDATION INC PO BOX 436 NEW YORK NY 10018 474100790 501(C)(3) 65000 PROGRAM GRANTS OKLAHOMA CITY PUBLIC SCHOOLS FOUNDATION INC 900 N KLEIN AVE OKLAHOMA CITY OK 73106 731222182 501(C)(3) 15000 PROGRAM GRANTS WNY REGIONAL ADVISORY BOARD DUNLEAVYHALL PO BOX 2029 NIAGARA UNIVERSITY NY 14109 473303721 501(C)(3) 10000 PROGRAM GRANTS 8 0 SCHOLARSHIPS 14 21000 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 0 0 0 0 0 0 0 0 0 JONDEL HOYE PRESIDENT 519247 0 0 0 1188 0 55100 0 23129 0 598664 0 0 0 IRA BERKOWITZ CFO 206404 0 0 0 774 0 32326 0 41787 0 281291 0 0 0 ANNE STANTON-MALONE EXECUTIVE DIR., FUTURE READY VENTURE 227335 0 0 0 774 0 21630 0 48184 0 297923 0 0 0 ANDREW ROTHSTEIN VP, PROGRAMS 209552 0 0 0 1188 0 31937 0 15841 0 258518 0 0 0 HELEN BLANCH REGIONAL DIR, REGIONS 1 & 2 168931 0 0 0 402 0 19678 0 14204 0 203215 0 0 0 KATHERINE BLASIK AVP, RESEARCH & EVALUATION 151601 0 0 0 808 0 21930 0 3942 0 178281 0 0 0 LISA DUGHI VP OF MARKETING AND OPERATIONS 149236 0 0 0 107 0 12484 0 11598 0 173425 0 0 0 BRENDA BARRY AVP, ACADEMY DEVELOPMENT 146161 0 0 0 276 0 21630 0 33267 0 201334 0 0 0 MICHAEL HENSON DIRECTOR, NAFTRACK 130500 0 0 0 1189 0 18110 0 607 0 150406 0 0 0 WILLIAM TAYLOR VP, COMMUNITY ENGAGEMENT 130401 0 0 0 151 0 16277 0 14456 0 161285 0 0 0 COLLEEN DEVERY AVP, STRATEGIC ALIGNMENT 125131 0 0 0 101 0 15019 0 41045 0 181296 0 0 0 X 9 52158 FMV X TABLETS 1 287625 COST 1 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 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. THE ENTIRE BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION FOR THE CEO, AS WELL AS ALL OTHER TOP MANAGEMENT AND KEY EMPLOYEES. THIS PROCESS WAS LAST UNDERTAKEN IN 2016. 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 XI, LINE 9: REDUCTION OF BAD DEBTS 75,131. 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.