2012-11-07T15:16:51-06:00 2011-12-31 LANE GORMAN TRUBITT PLLC 2626 HOWELL STREET SUITE 700 DALLAS TX 752044064 990 2011-01-01 274825185 NASE FOUNDATION INC % MARIA LUMMUS NASE 2024662100 325 7TH STREET NW WASHINGTON DC 200042818 MARIA LUMMUS 2012-11-15 true James Youngblood 2148717500 2011 2016-02-24 21:20:13Z X KRISTIE ARSLAN 325 7th Street NW STE 250 Washington DC 20004 16000 false X WWW.NASEFOUNDATION.ORG X 2011 TX TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH AND INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP, SELF-EMPLOYMENT AND MICRO-BUSINESS IN THE AMERICAN ECONOMY. 3 0 0 0 0 0 16000 0 0 0 0 0 0 0 16000 0 0 0 0 0 0 0 0 0 0 9413 0 9413 0 6587 0 6587 0 0 0 6587 TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH AND INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP, SELF-EMPLOYMENT AND MICRO-BUSINESS IN THE AMERICAN ECONOMY. false false 0 THE ORGANIZATION PLANS TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES RELEVANT TO THE SELF-EMPLOYMENT AND MICRO-BUSINESS INDUSTRIES INCLUDING WRITINGS, PUBLICATIONS, WEBINARS AND CONFERENCES BENEFITTING THE INDUSTRIES. 0 THE ORGANIZATION PLANS TO PROVIDE GRANTS AND SCHOLARSHIPS AWARDED TO OBJECTIVELY QUALIFYING INDIVIDUALS FOR THE STUDY OF ENTREPRENEURSHIP AND MICRO-BUSINESS AND THEIR ROLES IN THE ECONOMY. 0 true true false false false false false false false false false false false false false true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 0 0 true 0 false false false false false false false false false false X 3 0 false false false false false true false true true false false true true true true true true false false false AL AZ AR CA CO CT HI IL KY ME MD MA MI MN MS NJ NM NY OK OR SC UT X MARIA LUMMUS 8172516273 1235 S MAIN STREET STE 100 GRAPEVINE TX 76051 X KRISTIE ARSLAN 2.0 X X 0 257568 55063 R MICHAEL BEENE 5.0 X X 0 274944 56874 MARIA LUMMUS 2.0 X X 0 171924 42619 0 704436 154556 0 false true false NA 0 11000 5000 16000 0 0 0 0 0 0 0 0 0 16000 0 0 0 0 0 0 0 0 0 0 0 0 0 7972 7972 0 0 0 0 0 0 131 131 0 0 0 460 460 0 0 0 0 0 0 FILING FEES 850 850 9413 0 9413 0 0 6587 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6587 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 6587 0 0 0 0 0 6587 0 6587 6587 X false true false X false X 16000 16000 16000 16000 10680 5320 16000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2: FOLLOWING IS THE TEXT FROM FOOTNOTES OF THE ORGANIZATION'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS: NASE, Inc. is exempt from federal and state income taxes under Section 501(c)(6) of the Internal Revenue Code. Accordingly, no provision for income taxes is made in the accompanying consolidated financial statements for NASE, Inc. Member Services and its subsidiaries account for income taxes in accordance with GAAP, which requires an asset and liability approach for financial accounting and reporting for income taxes based on tax effects of differences between the financial statement and tax basis for assets and liabilities. Accordingly, deferred tax liabilities and assets are determined based on the difference between the financial statement and tax basis of assets, liabilities and net operating loss carry-forwards using the current statutory rate. Current income taxes are based on the income taxable for federal and state income tax reporting purposes. GAAP prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. Benefits from tax positions should be recognized in the consolidated financial statements only when it is more likely than not that the tax position will be sustained upon examination by the appropriate taxing authority that would have full knowledge of all relevant information. A tax position that meets the more-likely-than-not recognition threshold is measured at the largest amount of benefit that is greater than fifty percent likely of being realized upon ultimate settlement. Tax positions that previously failed to meet the more-likely-than-not recognition threshold should be recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more-likely-than-not recognition threshold should be derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company's tax returns filed in the U.S. federal jurisdiction are generally subject to examination for three years after the later of the due date or date of filing. As a result, the Company is no longer subject to income tax examinations by tax authorities for years prior to 2008. The Company recognizes accrued interest and penalties associated with uncertain tax positions as part of income tax provision. As of December 31, 2011 and 2010, there were no accrued interest and penalties associated with uncertain tax positions. false false false false false false false false false KRISTIE ARSLAN 0 257568 0 0 0 0 0 32500 0 22563 0 312631 0 0 R MICHAEL BEENE 0 202444 0 0 0 72500 0 32500 0 24374 0 331818 0 0 MARIA LUMMUS 0 162424 0 0 0 9500 0 33760 0 8859 0 214543 0 0 COMPENSATION OF OFFICERS SCHEDULE J, PARTS I AND II: The president's compensation is based on third party surveys and data that are reviewed under NASE, Inc.'s Governance Committee, which then makes recommendations to NASE, Inc.'s full board for determination of compensation. All other officers' compensation is determined by the president and based on current market information. REVIEW PROCESS OF FORM 990 FORM 990, PART VI, SECTION B, LINE 11B: THE FORM 990, INCLUDING ALL FORMS AND ATTACHMENTS, ARE REVIEWED BY MEMBERS OF THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C: ALL OFFICERS AND DIRECTORS HAVE AN ANNUAL DUTY TO DISCLOSE ANY ACTUAL AND POTENTIAL CONFLICT OF INTERESTS. DETERMINATION OF COMPENSATION FORM 990, PART VI, SECTION B, LINE 15A & 15B: The president's compensation is based on third party surveys and data that are reviewed under NASE, Inc.'s Governance Committee, which then makes recommendations to NASE, Inc.'s full board for determination of compensation. All other officers' compensation is determined by the president and based on current market information. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19: DOCUMENTS ARE AVAILABLE UPON REQUEST. APPOINTMENT OF DIRECTORS FORM 990, PART VI, SECTION A, LINE 7A: DIRECTORS ARE ELECTED BY ACTION OF THE BOARD OF DIRECTORS OF THE NATIONAL ASSOCIATION FOR THE SELF-EMPLOYED, INC., THE FOUNDATION'S RELATED ORGANIZATION. HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:KRISTIE ARSLAN TITLE:PRESIDENT HOURS:45 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:R. MICHAEL BEENE TITLE:VICE PRESIDENT HOURS:46 HOURS DEVOTED FOR RELATED ORGANIZATION FORM 990 PART VII NAME:MARIA LUMMUS TITLE:SECRETARY/TREASURER HOURS:56 NTL ASSOC FOR THE SELF-EMPLOYED INC 1235 S MAIN STREET STE 100 GRAPEVINE TX 76051 751875027 BUS. LEAGUE TX N/A 501(C)(6) NA false false false true false false false false false false false false false true true false false false false NA