2011-06-30T09:22:03-05:00 2010-12-31 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2010-01-01 530190321 NATIONAL ASSOCIATION OF COUNTIES NATI 2029424206 25 MASSACHUSETTS AVENUE NW NO 500 WASHINGTON DC 20001 DAVID KEEN 2029424206 2011-06-29 1 DEBORAH G KOSNETT 2022932200 2010 2016-02-24 21:20:13Z LARRY NAAKE 25 MASSACHUSETTS AVENUE NW NO 500 WASHINGTON DC 20001 22970087 0 X WWW.NACO.ORG X 1946 DE TO STIMULATE THE CONTINUING IMPROVEMENT OF COUNTY GOVERNMENT; TO SPEAK NATIONALLY FOR COUNTY GOVERNMENT; TO CONTRIBUTE TO THE KNOWLEDGE AND AWARENESS OF THE HERITAGE AND FUTURE OF COUNTY GOVERNMENT; TO SERVE AS A LIASION BETWEEN THE NATION'S COUNTIES AND OTHER LEVELS OF GOVERNMENT; AND TO ACHIEVE UNDERSTANDING OF THE ROLE OF COUNTIES IN THE FEDERAL SYSTEM. 128 128 95 1159 0 0 0 0 8058322 7534287 247406 557564 8963060 9563727 17268788 17655578 1506100 1416450 0 0 6003606 5745031 0 0 0 9374715 8875800 16884421 16037281 384367 1618297 32578273 36216547 8767653 8751635 23810620 27464912 X TO STIMULATE AND CONTRIBUTE TO THE IMPROVEMENT OF COUNTY GOVERNMENT THROUGHOUT THE UNITED STATES. 0 0 3800000 7600000 THE NATIONAL ASSOCIATION OF COUNTIES (NACO), IN PARTNERSHIP WITH STATE ASSOCIATIONS OF COUNTIES, ENDORSES A SECTION 457 DEFERRED COMPENSATION PROGRAM ADMINISTERED BY NATIONWIDE RETIREMENT SOLUTIONS (NRS). THE DEFERRED COMPENSATION PROGRAM OFFERS COUNTY EMPLOYEES A WAY TO AUGMENT RETIREMENT SAVINGS WHILE POSTPONING THE PAYMENT OF FEDERAL, AND IN MANY CASES, STATE INCOME TAXES. MORE THAN 360,000 COUNTY EMPLOYEES FROM OVER 1,700 COUNTIES CURRENTLY PARTICIPATE IN THE PROGRAM, WITH ACCUMULATED ASSETS OF MORE THAN $10.0 BILLION. 2477762 15000 LEGISLATIVE - THESE ACTIVITIES INCLUDE POLICY DEVELOPMENT AND ADVOCACY PROGRAMS ON BEHALF OF COUNTY GOVERNMENT. NACO PRESENTS THE COUNTY GOVERNMENT VIEW ON ALL LEGISLATION AND PROPOSED REGULATIONS TO CONGRESS AND THE ADMINISTRATION. 1604328 2050602 CONFERENCES AND MEETINGS - NACO CONDUCTS THREE MAJOR CONFERENCES EACH YEAR: LEGISLATIVE, WESTERN INTERSTATE REGIONS, AND ANNUAL CONFERENCE AND EXPOSITION. THESE CONFERENCES AND MEETINGS PROVIDE EDUCATIONAL SEMINARS, AND TECHNICAL WORKSHOPS, AS WELL AS NETWORKING OPPORTUNITIES TO HELP IMPROVE THE EFFECTIVENESS AND EFFICIENCY OF THEIR COUNTY'S OPERATIONS AND PROGRAMS. 1401450 1401450 CONTRIBUTIONS AND OTHER MISC PROGRAMS- FUNDING TO PROVIDE FOR OPERATING COSTS OF RELATED ORGANIZATION. 303566 INFORMATION TECHNOLOGY CENTER 856371 2427 PUBLIC AFFAIRS 6638 COUNTY SERVICES 4895258 MEMBERSHIP AND OTHER SERVICES 2568025 1401450 4897685 10450115 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 37 0 1 95 1 0 0 0 0 1 1 0 0 0 X 128 128 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DAVID KEEN CHIEF FINANCIAL OFFICER 2029424206 25 MASSACHUSETTS AVE NW STE 500 WASHINGTON DC 20001 RONALD ANDERSON 1.00 X 0 0 0 ALLAN ANGEL 1.00 X 0 0 0 ELIZABETH ARCHULETA 1.00 X 0 0 0 BRENDA ARNOLD 1.00 X 0 0 0 SARA ARNOLD 1.00 X 0 0 0 THOMAS BARDWELL 1.00 X 0 0 0 LU BARRON 1.00 X 0 0 0 STANLEY BATEMON 1.00 X 0 0 0 PATRICIA BAUSCHER 1.00 X 0 0 0 TONY BENNETTE 1.00 X 0 0 0 FRANK BIGELOW 1.00 X 0 0 0 CINDY BOBBITT 1.00 X 0 0 0 TODD BONLARRON 1.00 X 0 0 0 ROY BROOKS 1.00 X 0 0 0 DICK BURKE 1.00 X 0 0 0 KEITH CARSON 1.00 X 0 0 0 LYNN CARTLIDGE 1.00 X 0 0 0 KATIE CASHION 1.00 X 0 0 0 GREG CASTANO 1.00 X 0 0 0 GEORGE COLE 1.00 X 0 0 0 CHARLES COMPTON 1.00 X 0 0 0 ROBERT COPE 1.00 X 0 0 0 PETER CORROON 1.00 X 0 0 0 WILLIAM COX 1.00 X 0 0 0 GREG COX 1.00 X 0 0 0 FRED CROSBY 1.00 X 0 0 0 WILLIAM DOHERTY 1.00 X 0 0 0 W BURRELL ELLIS 1.00 X 0 0 0 LEON EVANS 1.00 X 0 0 0 BERNARD FAZZINI 1.00 X 0 0 0 SAM FULTON 1.00 X 0 0 0 NESTOR GARCIA 1.00 X 0 0 0 JOSEPH GILES 1.00 X 0 0 0 MIKE GILLESPIE 1.00 X 0 0 0 GREGG GOSLIN 1.00 X 0 0 0 JANE HAGUE 1.00 X 0 0 0 JAMES HAM 1.00 X 0 0 0 MARC HAMLIN 1.00 X 0 0 0 SHARON HAMPSON 1.00 X 0 0 0 BILL HANSELL 1.00 X 0 0 0 NANCY HANSEN 1.00 X 0 0 0 CHRIS HARRIS 1.00 X 0 0 0 SALLY HEYMAN 1.00 X 0 0 0 CAROL HOLDEN 1.00 X 0 0 0 STEPHEN HOLT 1.00 X 0 0 0 RONALD HOUSEMAN 1.00 X 0 0 0 JAMES HUDELSON 1.00 X 0 0 0 ANTHONY HYDE 1.00 X 0 0 0 GERALD HYLAND 1.00 X 0 0 0 OLEN JACKSON 1.00 X 0 0 0 MIKE JACOBS 1.00 X 0 0 0 MICHAEL JEANES 1.00 X 0 0 0 MICHAEL JOHNSON 1.00 X 0 0 0 RANDY JOHNSON 1.00 X 0 0 0 CYNTHIA JOHNSON 1.00 X 0 0 0 TIM JOSI 1.00 X 0 0 0 DEREK KAWAKAMI 1.00 X 0 0 0 ANDREW KIMMEL 1.00 X 0 0 0 BILLY KING 1.00 X 0 0 0 LEE KLEIN 1.00 X 0 0 0 ELIZABETH KNISS 1.00 X 0 0 0 EVELYN KOLBE 1.00 X 0 0 0 LESLIE KORGEL 1.00 X 0 0 0 JOHN KOSTER 1.00 X 0 0 0 ANGELO KYLE 1.00 X 0 0 0 JONATHAN LABONTE 1.00 X 0 0 0 KEITH LANGENHAHN 1.00 X 0 0 0 DONALD LARSON 1.00 X 0 0 0 GAYLE LATHAM 1.00 X 0 0 0 JANE LEMASTER 1.00 X 0 0 0 LEIGH LENZMEIER 1.00 X 0 0 0 ILENE LIEBERMAN 1.00 X 0 0 0 RODNEY LONG 1.00 X 0 0 0 MARK LUTTRELL 1.00 X 0 0 0 HARLAN MADZEN 1.00 X 0 0 0 LOUIS MAGAZZU 1.00 X 0 0 0 LEE MAY 1.00 X 0 0 0 TIMOTHY MCCORMICK 1.00 X 0 0 0 MICHAEL MCGINLEY 1.00 X 0 0 0 LAURA MERRILL 1.00 X 0 0 0 KAREN MILLER 1.00 X 0 0 0 JUDY ANN MILLER 1.00 X 0 0 0 CAROL MOERHLE 1.00 X 0 0 0 THOMAS MULLANEY 1.00 X 0 0 0 WAYMON MUMFORD 1.00 X 0 0 0 JANIE MURRAY 1.00 X 0 0 0 MIKE MURRAY 1.00 X 0 0 0 OD NETTER 1.00 X 0 0 0 FRANK NEWTON 1.00 X 0 0 0 PATTY O'CONNOR 1.00 X 0 0 0 PATRICK PADILLA 1.00 X 0 0 0 TONI PAPPAS 1.00 X 0 0 0 DUANE PATRICK 1.00 X 0 0 0 CARL PIERSON 1.00 X 0 0 0 CHESTER PINTARELLI 1.00 X 0 0 0 JOSEPH PONTANILLA 1.00 X 0 0 0 TONI PRECKWINKLE 1.00 X 0 0 0 GRADY PRESTAGE 1.00 X 0 0 0 LYNDA RING ERICKSON 1.00 X 0 0 0 MANUEL RUIZ 1.00 X 0 0 0 JOHN RUSSELL 1.00 X 0 0 0 HARVEY RUVIN 1.00 X 0 0 0 JOHN SANDOVAL 1.00 X 0 0 0 JAMES SCAHILL 1.00 X 0 0 0 MICHELE SHERRER 1.00 X 0 0 0 HAL SMALLEY 1.00 X 0 0 0 JAMES SNYDER 1.00 X 0 0 0 ROBERT SPENCE 1.00 X 0 0 0 DON STAPLEY 1.00 X 634 0 0 WILLIAM STEINHAUS 1.00 X 0 0 0 ROBERT SUVER 1.00 X 0 0 0 JERRIE TIPTON 1.00 X 0 0 0 RUTH ANN TOBIAS 1.00 X 0 0 0 DANIEL TROY 1.00 X 0 0 0 JOHN TWOMEY 1.00 X 0 0 0 KENNETH ULMAN 1.00 X 0 0 0 GRANT VEEDER 1.00 X 0 0 0 BETTY LOU WARD 1.00 X 0 0 0 BONNIE WEBER 1.00 X 0 0 0 LARRY WHITE 1.00 X 0 0 0 ROBERT WIGGLESWORTH 1.00 X 0 0 0 PAUL WILSON 1.00 X 0 0 0 NOAH WOODS 1.00 X 0 0 0 RONALD YOUNG 1.00 X 0 0 0 GLEN WHITLEY 1.00 X X 3207 0 0 LENNY ELIASON 1.00 X X 0 0 0 CHRISTOPHER RODGERS 1.00 X X 833 0 0 VALERIE BROWN 1.00 X X 1060 0 0 LARRY NAAKE 36.50 X 311630 10968 45117 DAVID KEEN 33.50 X 156750 19374 51431 EDWARD FERGUSON 20.00 X 103964 94820 61416 EDWIN ROSADO 37.50 X 184992 0 31704 BERT JARREAU 37.50 X 177473 0 29943 GEORGE GOODMAN 34.00 X 142467 13405 33399 JEFFREY ARNOLD 37.50 X 139556 0 24934 DONALD MURRAY 37.50 X 152102 0 19790 1374668 138567 297734 8 0 1 0 INVNT 138 SPRING STREET FLOOR 4 NEW YORK NY 10012 CONVENTION MEDIA PRODUCTION 399823 WELL BREAD RESTAURANT SERVICES 4590 S STREET RENO NV 89502 CONFERENCE CATERING SERVICES 239603 SUSQTECH PO BOX 825 WINCHESTER VA 22604 WEBSITE REDESIGN TECH. SERVICES 176827 3 MEMBERSHIP DUES 900099 4895258 4895258 MEETINGS 900099 2050602 2050602 SPONSORSHIP 900099 586000 586000 PUBLICATION SALES 511190 2427 2427 7534287 480737 480737 9436973 7600000 1836973 274262 274300 -38 -38 -38 5117036 5040209 76827 76827 76827 MISCELLANEOUS 900099 113746 113746 MARKETING FEES 900099 13046 13046 126792 17655578 14548287 0 3107291 1416450 1416450 1589609 904573 685036 3048147 1484774 1563373 427750 284431 143319 345693 62352 283341 333832 215648 118184 12225 12225 36018 36018 45718 45718 206977 79252 127725 466167 341681 124486 466902 206983 259919 -19767 8431 -28198 1337792 1337792 348677 166090 182587 109806 3251 106555 1745884 1375601 370283 2582 2582 665137 11705 653432 47252 5000 42252 PURCHASED SERVICES 4611405 3800500 810905 SUBSCRIPTIONS 119130 78544 40586 PLAQUES, RECOGNITIONS & 16004 2909 13095 COST-SHARING AGREEMENT -1339359 0 -1339359 -2750 1940 -4690 16037281 10450115 5587166 0 5951363 6993992 2441487 2657467 408240 441506 8007024 5267843 3262747 2739181 17341837 19912282 2774097 3000536 398502 471583 32578273 36216547 1553023 1603828 3513175 4362136 3701455 2785671 8767653 8751635 X 23810620 27464912 23810620 27464912 32578273 36216547 X 1618297 2035995 X X 0 1 1 X 1 1 1 0 0 2830438 1020837 1809601 1882044 1354971 527073 3294542 2892035 402507 2739181 INVESTMENT IN NACO SERVICES CORPORATION 2784215 C PUBLIC LANDS TRUST FUNDS 90456 F NCCAE FUNDS 125865 F 3000536 OBLIGATIONS UNDER CAPITAL LEASE 5438 DEFERRED COMPENSATION 471583 DEFERRED RENT 1830835 DUE TO AFFILIATES 477815 2785671 17655578 16037281 1618297 1235946 800049 2035995 3654292 19691573 1235946 525749 1761695 17929878 -274300 -274300 17655578 16037281 0 16037281 0 16037281 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND THEREFORE, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. AT A MINIMUM, THE DECEMBER 31, 2007 THROUGH 2010 TAX YEARS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: EQUITY IN EARNINGS OF SUBSIDIARY 525,749. RENTAL EXPENSES IN RENTAL EARNINGS 274,300. AUDITED FINANCIAL STATEMENTS ARE CONSOLIDATED TO INCLUDE NACO AND THE FINANCIAL ACTIVITIES OF THE RELATED ORGANIZATIONS AS OUTLINED IN SCHEDULE R, PARTS II AND IV. THE RECONCILIATION IN PARTS XII AND XIII IS TO THE NACO PORTION OF THE CONSOLIDATED FINANCIAL STATEMENTS. NACO DOES NOT RECEIVE A SEPARATE AUDITED FINANCIAL STATEMENT. 1 NACO RESEARCH FOUNDATION 25 MASSACHUSETTS AVE STE 500 WASHINGTON DC 20001 530241255 501(C)(3) 1401450 OPERATIONS DIXIE STATE COLLEGE OF UTAH 225 SOUTH 700 EAST ST GEORGE UT 84770 876000488 GOVERNMENTAL 5000 OPERATIONS 2 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: NACO REQUIRES THAT GRANTS BE MANAGED WITH SOUND FINANCIAL MANAGEMENT POLICIES, ADEQUATE INTERNAL CONTROL SYSTEMS, COST-EFFICIENT PROCUREMENT PROCEDURES, AND DOCUMENTATION OF ALL EXPENDITURES AND PURCHASES. ALL FINANCIAL AND ACCOUNTING RECORDS SHOULD BE AVAILABLE FOR INSPECTION AND SHOULD BE RETAINED BASED ON NACO'S DOCUMENT RETENTION POLICY. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 LARRY NAAKE 272251 9582 0 0 39379 1386 29702 1045 12449 438 353781 12451 0 0 DAVID KEEN 152724 18876 3560 440 466 58 19799 2447 15461 1911 192010 23732 0 0 EDWARD FERGUSON 100435 91602 2092 1908 1437 1310 13043 11896 6740 6147 123747 112863 0 0 EDWIN ROSADO 178467 0 4000 0 2525 0 23103 0 7239 0 215334 0 0 0 BERT JARREAU 172627 0 4000 0 846 0 21447 0 7239 0 206159 0 0 0 GEORGE GOODMAN 134721 12676 3656 344 4090 385 16758 1577 7841 738 167066 15720 0 0 JEFFREY ARNOLD 126583 0 4000 0 8973 0 17990 0 4414 0 161960 0 0 0 DONALD MURRAY 82977 0 0 0 69125 0 12023 0 5429 0 169554 0 0 0 PART I, LINE 1A COMPANION TRAVEL IS PAID FOR THE PRESIDENT AND FOR THE EXECUTIVE DIRECTOR AS PART OF THE COSTS RELATED TO THEIR TRAVEL EXPENSES WHILE ON OFFICIAL BUSINESS REPRESENTING NACO. THESE AMOUNTS ARE REPORTED AS INCOME ON FORMS W-2 AND 1099, AS REQUIRED. NACO ALSO PAYS FOR AIRLINE CLUB MEMBERSHIPS FOR THE EXECUTIVE DIRECTOR AND ELECTED OFFICERS; FEES ARE SHOWN ON W-2 OR 1099, RESPECTIVELY. MEMBERSHIP DUES IN A LOCAL SOCIAL CLUB ARE PAID BY NACO FOR THE USE OF NUMEROUS NACO EMPLOYEES, AND ARE CONSIDERED ONE OF THE COSTS OF NETWORKING AND EXPANDING BUSINESS RELATIONSHIPS FOR NACO. PART I, LINE 4A LARRY NAAKE PARTICIPATES IN A 457(F) PLAN THAT WAS FUNDED IN 2002, BUT TO WHICH CONTRIBUTIONS HAVE NOT BEEN MADE SINCE THAT YEAR. EARNINGS ON THE PLAN FOR 2010 WERE $13,241. NATIONAL ASSOCIATION OF COUNTIES RESEARCH FOUNDATION COMMON BOARD MEMBERS PLEASE SEE SCHEDULE R FOR ALL REPORTABLE TRANSACTIONS BETWEEN NACO AND THE NACO RESEARCH FOUNDATION. 0 FORM 990, PART VI, SECTION A, LINE 1 NACO HAS AN EXECUTIVE COMMITTEE WHICH IS RESPONSIBLE FOR THE PROPERTY, FUNDS AND BUSINESS AFFAIRS OF THE ASSOCIATION IN THE ABSENCE OF THE BOARD. THE EXECUTIVE HAS AND MAY EXERCISE ALL POWERS OF AUTHORITY GRANTED TO THE BOARD. IT RECOMMENDS THE APPOINTMENT AND COMPENSATION OF THE EXECUTIVE DIRECTOR TO THE BOARD; MAY ESTABLISH SUCH POSITIONS AND SALARY SCHEDULES AS NECESSARY TO CONDUCT THE AFFAIRS OF THE ASSOCIATION, SUBJECT TO THE BOARD'S APPROVAL. THE EXECUTIVE COMMITTEE IS COMPOSED OF THE NACO PRESIDENT, PRESIDENT-ELECT, FIRST VICE PRESIDENT, SECOND VICE PRESIDENT, AND IMMEDIATE PAST PRESIDENT (THE MOST RECENT PAST PRESIDENT WHO IS STILL AN ELECTED COUNTY OFFICIAL OF AN ACTIVE NACO MEMBER). THE PRESIDENT CHAIRS THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 NACO HAS THE FOLLOWING CLASSES OF MEMBERSHIP: ACTIVE MEMBER COUNTIES SHALL BE THOSE COUNTY GOVERNMENTS WHICH CONTRIBUTE ANNUALLY TO THE FINANCIAL SUPPORT OF THE ASSOCIATION ACCORDING TO THE SCHEDULE OF DUES OR SERVICE FEES ADOPTED BY THE BOARD OF DIRECTORS. SEPARATE MEMBER CATEGORIES FOR ORGANIZATIONS OR INDIVIDUALS OTHER THAN COUNTIES MAY BE AUTHORIZED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7A ACTIVE NACO MEMBERS, AS PREVIOUSLY DEFINED, ELECT BOARD MEMBERS IN CATEGORIES B, C, D, E AND F, AT THE ANNUAL NACO MEMBER CONFERENCE. CATEGORIES: B. ONE ELECTED OFFICIAL FROM EACH STATE WHICH HAS AN ACTIVE MEMBER COUNTY. C. TWELVE ELECTED OFFICIALS FROM ACTIVE MEMBER COUNTIES, ONE FROM EACH OF THE 12 STATES HAVING THE HIGHEST NUMBER OF VOTES AS CERTIFIED BY THE CREDENTIALS COMMITTEE BASED UPON NACO MEMBERSHIP AS OF 60 DAYS BEFORE THE FIRST DAY OF THE ANNUAL CONFERENCE, PROVIDED THAT SUCH STATE HAS EITHER 50 PERCENT OF ITS COUNTIES AS ACTIVE MEMBER COUNTIES OR HAS ACTIVE MEMBER COUNTIES REPRESENTING 50 PERCENT OF THE STATE'S POPULATION. D. ONE ELECTED COUNTY OFFICIAL FROM EACH STATE HAVING 100 PERCENT OF ITS COUNTIES AS ACTIVE MEMBERS. E. ONE ELECTED OFFICIAL FROM EACH REGIONAL DISTRICT THAT HAS BEEN AUTHORIZED BY THE BOARD AND APPROVED BY THE VOTING MEMBERS. F. ONE DIRECTOR FROM EACH AFFILIATE ORGANIZATION THAT HAS BEEN AUTHORIZED BY THE BOARD AND APPROVED BY THE VOTING MEMBERS. THE NUMBER OF DIRECTORS FROM CATEGORY F SHALL NOT EXCEED 25 PERCENT OF THE TOTAL NUMBER OF DIRECTORS ON THE BOARD. EACH ACTIVE MEMBER COUNTY IS ENTITLED TO AT LEAST ONE VOTE ON EVERY QUESTION PUT BEFORE THE ANNUAL CONFERENCE OR SPECIAL MEETINGS OF THE MEMBERSHIP. ACTIVE MEMBER COUNTIES WHOSE POPULATION REQUIRES THEM TO PAY MORE THAN $499 IN DUES ARE ENTITLED TO ONE ADDITIONAL VOTE FOR EACH ADDITIONAL $500 OR FRACTION THEREOF PAID IN THE YEAR IN WHICH THE MEETING IS HELD. DUES PAID SHALL NOT BE MORE THAN THE AMOUNT SPECIFIED IN THE APPROVED DUES SCHEDULE. EVERY FULLY PAID ACTIVE MEMBER SHALL BE ALLOWED TO VOTE. EACH COUNTY SHALL DETERMINE THE PERSON OR PERSONS (DELEGATES) WHO WILL CAST THE COUNTY'S VOTE(S). AN ELECTED OR APPOINTED COUNTY OFFICIAL OF A FULLY PAID ACTIVE MEMBER MAY CAST ALL OR ANY PORTION OF THE ACTIVE MEMBER'S TOTAL AUTHORIZED VOTE BUT NO FRACTION OF A WHOLE. ANY ACTIVE MEMBER MAY BUT IS NOT REQUIRED TO PERMIT ITS VOTES TO BE CAST BY ITS STATE AS A BLOCK. FORM 990, PART VI, SECTION A, LINE 7B THE NACO BOARD OF DIRECTORS SHALL HAVE GENERAL SUPERVISION, MANAGEMENT AND CONTROL OF THE BUSINESS AND PROPERTY OF THE ASSOCIATION, SUBJECT TO THE ARTICLES OF INCORPORATION, THESE BYLAWS, AND THE POLICIES ESTABLISHED BY A MAJORITY VOTE OF THE VOTING ACTIVE MEMBER COUNTIES OF THE ASSOCIATION AT THE ANNUAL CONFERENCE. FORM 990, PART VI, SECTION B, LINE 11 THE NACO AUDIT COMMITTEE AND THE EXECUTIVE COMMITTEE, SUBSETS OF THE BOARD OF DIRECTORS, REVIEW THE DRAFT FORM 990 BEFORE FILING. UPON APPROVAL, THE FINAL FORM IS MADE AVAILABLE TO ALL BOARD MEMBERS VIA THE NACO WEBSITE. FORM 990, PART VI, SECTION B, LINE 12C THE TERM OF OFFICE OF THE MEMBERS OF THE BOARD IS FOR ONE YEAR. IMMEDIATELY AFTER ELECTION OR APPOINTMENT TO THE BOARD, THEY ARE REQUIRED TO SIGN, AS A MATTER OF ORGANIZATIONAL POLICY, A CONFLICT OF INTEREST DISCLOSURE STATEMENT DEFINED BY NACO. THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER ARE ALSO REQUIRED TO SIGN A CONFLICT OF INTEREST DISCLOSRE STATEMENT UPON ASSUMPTION OF OFFICE AND TO PROMPTLY REPORT AN CONFLICT OF INTEREST SITUATION THAT MAY ARISE WHILE THEY'RE IN OFFICE. FORM 990, PART VI, SECTION B, LINE 15 CEO, EXECUTIVE DIRECTOR OR TOP MANAGEMENT THE PROCESS GOES THROUGH A REVIEW AND APPROVAL BY INDEPENDENT PERSONS (EXECUTIVE COMMITTEE), COMPARABILITY DATA (REVIEW OF SALARIES AND BENEFITS OF EXECUTIVE DIRECTORS/PRESIDENT OF OTHER NON-PROFIT ORGANIZATIONS COMPARABLE TO NACO) AND PERFORMANCE EVALUATION BY THE EXECUTIVE BOARD. THE EXECUTIVE DIRECTOR'S ANNUAL COMPENSATION, BASED UPON THE RECOMMENDATION OF THE EXECUTIVE COMMITTEE, IS DECIDED AND APPROVED AT THE BOARD OF DIRECTORS MEETING HELD DURING THE NACO ANNUAL CONFERENCE. OTHER OFFICERS OR KEY EMPLOYEES: NACO PARTICIPATES IN LOCAL SALARY SURVEYS AND USES THE SURVEY RESULTS TO ENSURE THAT ITS SALARY STRUCTURES ARE COMPETITIVE AND COMPARABLE WITH SIMILAR POSITIONS FROM OTHER ORGANIZATIONS. THE EXECUTIVE DIRECTOR REVIEWS AND APPROVES SALARY LEVELS AND MERIT INCREASES BASED ON THE EMPLOYEE PERFORMANCE EVALUATION RATING AND RECOMMENDATION OF THE EMPLOYEE'S SUPERVISOR/DEPARTMENT DIRECTOR. THE BOARD OF DIRECTORS MEETS IN NOVEMBER/DECEMBER OF EACH YEAR TO DECIDE ON THE RATE OF EMPLOYEE SALARY INCREASE FOR THE FOLLOWING YEAR. FORM 990, PART VI, SECTION C, LINE 19 CORPORATE BY-LAWS AND ANNUAL REPORT ARE AVAILABLE ONLINE AT NACO'S WEBSITE. THE CONFLICT OF INTEREST POLICY IS AVAILABLE TO CONCERNED ENTITIES SUCH AS BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES OF NACO AND ITS AFFILIATED ORGANIZATIONS. FINANCIAL STATEMENTS AND FORM 990 ARE AVAILABLE UPON REQUEST AND CAN ALSO BY ACCESSED VIA GUIDESTAR, A NON-PROFIT INFORMATION DATABASE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 1,235,946. EQUITY IN EARNINGS OF SUBSIDIARY 525,749. RENTAL EXPENSES IN RENTAL EARNINGS 274,300. TOTAL TO FORM 990, PART XI, LINE 5: 2,035,995. FORM 990, PART XI, LINE 2C THIS PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. THE NATIONAL ASSOCIATION OF COUNTIES AND THE NACO RESEARCH FOUNDATION ARE SECTION 501(C) ORGANIZATIONS THAT SHARE BOARD MEMBERS. ALL NACO BOARD MEMBERS ARE ALSO MEMBERS OF THE FOUNDATION'S BOARD. PLEASE SEE SCHEDULES L AND R FOR ADDITIONAL INFORMATION REGARDING BUSINESS TRANSACTIONS BETWEEN THE TWO ENTITIES. NACO RESEARCH FOUNDATION 25 MASSACHUSETTS AVE WASHINGTON DC 20001 530241255 EDUCATION DE 501(C)(3) 509(A)(2) NACO 0 NACO FINANCIAL SERVICES CENTER 25 MASSACHUSETTS AVENUE WASHINGTON DC 20001 593256887 FINANCIAL SERVICES DE NACO FINANCIAL SERVICES CORPORATION UNRELATED 1 0 NACO FINANCIAL SERVICES CORPORATION 25 MASSACHUSSETTS AVENUE NW WASHINGTON DC 20001 521913476 MANAGEMENT SERVICES DE NACO C 4846823 3778793 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 0 NACO RESEARCH FOUNDATION B 1401450 CASH NACO RESEARCH FOUNDATION P 904599 CASH NACO RESEARCH FOUNDATION M 1162575 CASH NACO RESEARCH FOUNDATION N 1207719 CASH NACO RESEARCH FOUNDATION Q 480373 CASH