2016-08-08T10:33:02-05:00 2015-09-30 560747981 DIXON HUGHES GOODMAN LLP 1410 SPRING HILL ROAD STE 500 TYSONS VA 221023056 990 2014-10-01 710435097 NATIONAL ASSOCIATION OF STATE DIRECTORS OF SPECIAL EDUCATION INC NATI 7035193800 225 REINEKERS LANE NO 420 ALEXANDRIA VA 22314 BILL EAST EXECUTIVE DIRECTOR 7035193800 2016-08-08 1 DAVID L JOHNSON P00188102 7039700400 2014 2016-12-15 16:53:06Z BILL EAST 225 REINEKERS LANE NO 420 ALEXANDRIA VA 22314 2568560 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 11 0 0 0 0 0 2641764 2504588 80439 61182 150 2790 2722353 2568560 0 0 0 0 1290570 1196877 0 0 0 1441253 1395938 2731823 2592815 -9470 -24255 3791275 3806820 845422 885222 2945853 2921598 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 1392864 1699750 TO DEVELOP PROGRAMS FOR THE EDUCATION OF EXCEPTIONAL CHILDREN, YOUTH AND ADULTS BOTH HANDICAPPED AND GIFTED THROUGH FEDERAL PROGRAMS 271453 807628 TO AID STATE EDUCATION AGENCIES THROUGH VARIOUS PROGRAMS, PERIODICALS AND MEETINGS. 1664317 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 20 0 1 11 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 1 1 0 X EXECUTIVE DIRECTOR 7035193800 225 REINEKERS LANE SUITE 420 ALEXANDRIA VA 22314 FRED BALCOM PAST PRESIDENT 5.00 X 0 0 0 FRANK POBODNIK PRESIDENT 5.00 X 0 0 0 JOHNNY COLLETT SECRETARY/TREASURER 5.00 X 0 0 0 JOHN EISENBERG PRESIDENT ELECT 5.00 X 0 0 0 GLENNA GALLO MEMBER AT LARGE 5.00 X 0 0 0 DEBORAH GAY 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 BILL EAST EXECUTIVE DIRECTOR 40.00 X 236480 0 48420 NANCY REDER DEPUTY EXECUTIVE DIRECTOR 40.00 X 165848 0 36709 JOANNE CASHMAN PROJECT DIRECTOR 40.00 X 124855 0 27895 527183 0 113024 3 0 1 0 0 FEDERAL CONTRACTS, GRA 900099 1699750 1699750 MEMBERSHIP DUES 900099 512069 512069 ANNUAL MEETING 900099 169847 169847 GSA GRANT 900099 71661 71661 BUSINESS PLAN 900099 51092 51092 169 169 2504588 61182 61182 OTHER 900099 2790 2790 2790 2568560 2507378 0 61182 652244 421677 230567 386224 276662 109562 44564 29028 15536 113845 73040 40805 94800 94800 30035 30035 115634 30111 85523 216137 216137 244642 209331 35311 184506 184506 12577 12577 CONSULTANTS AND RELATED 306402 306402 STIPENDS 109318 109318 TELEPHONE 33276 12093 21183 TAXES, INSURANCE AND OT 18087 18087 30524 12149 18375 2592815 1664317 928498 0 794775 682089 2385730 2453673 291531 400798 135176 105595 367886 348534 31929 19352 99729 92908 52405 52405 3791275 3806820 225726 242174 471384 492478 148312 150570 845422 885222 X 2843150 2825716 97703 90882 5000 5000 2945853 2921598 3791275 3806820 -24255 0 X X 0 1 X 1 1 1 X 3225498 3128803 3173404 2487166 2211819 14226690 329491 263125 270557 154748 295559 1313480 3554989 3391928 3443961 2641914 2507378 15540170 0 0 0 15540170 97427 109854 77362 80439 61182 426264 97427 109854 77362 80439 61182 426264 3652416 3501782 3521323 2722353 2568560 15966434 0.97330 0.97270 0.02670 0.02730 X 8414 8414 2584401 2592815 279641 69910 0 0 325878 320163 286591 279641 1212273 1818410 27271 14226 14027 8414 63938 81470 80041 71648 69910 303069 454604 5000 0 5000 5000 58 58 5000 5000 5000 5000 196 196 5000 5000 282 282 5000 0 0 367886 348534 19352 19352 DEFERRED RENT 150570 150570 X 2568560 0 2568560 0 2568560 2592815 0 2592815 0 2592815 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 2015 OR 2014. 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 2011 THROUGH 2015. X X 0 0 0 0 0 0 0 0 0 BILL EAST EXECUTIVE DIRECTOR 236480 0 0 0 0 0 30524 0 17896 0 284900 0 0 0 NANCY REDER DEPUTY EXECUTIVE DIRECTOR 165848 0 0 0 0 0 19816 0 16893 0 202557 0 0 0 JOANNE CASHMAN PROJECT DIRECTOR 124855 0 0 0 0 0 14310 0 13585 0 152750 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 11 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.