PRESIDENT

2011-11-14T10:28:44-06:00 2010-12-31 MARCUM LLP 3 BALA PLAZA EAST SUITE 700 BALA CYNWYD PA 19004 990 2010-01-01 112741490 NATIONAL ASSOCIATION OF SCHOLARS INC NATI 6096837878 1 AIRPORT PLACE SUITES 7 AND 8 PRINCETON NJ 085423215 PETER WOOD PRESIDENT 6096837878 2011-11-14 1 ARTHUR M SCHERR 4842702500 2010 2016-03-07 17:11:31Z PETER WOOD 1 AIRPORT PLACE SUITES 7 AND 8 PRINCETON NJ 085423215 2542818 0 X WWW.NAS.ORG X 1987 NY PROMOTION AND PRESERVATION OF HIGH ACADEMIC STANDARDS IN TEACHING AND SCHOLARSHIP. 29 29 10 0 0 0 671973 667768 1837956 1813614 44640 50765 0 10671 2554569 2542818 0 0 0 0 742071 794542 0 0 46972 1944018 1950981 2686089 2745523 -131520 -202705 1757570 1493043 222307 106036 1535263 1387007 X NAS IS AN INDEPENDENT MEMBERSHIP ASSOCIATION OF ACADEMICS WORKING TO FOSTER INTELLECTUAL FREEDOM AND TO SUSTAIN THE TRADITION OF REASONED SCHOLARSHIP AND CIVIL DEBATE IN AMERICA'S COLLEGES AND UNIVERSITIES. 0 0 1326280 1813614 TEACHING AMERICAN HISTORY - RESTRUCTURES AND ENHANCES THECURRICULUM AND CONTENT OF AMERICAN HISTORY AT ALL GRADE LEVELS 190369 0 PROMOTION OF ACADEMIC CENTERS - DISCUSS AND MEET WITH ACADEMIC LEADERS AT VARIOUS COLLEGES AND UNIVERSITIES IN ORDER TO OPEN SPECIFIC ACADEMIC CENTERS ON THE CAMPUSES - THERE ARE NO DIRECT REVENUES ASSOCIATED WITH THIS PROGRAM. PROGRAM IS FUNDED WITH FOUNDATION INCOME RECEIVED. 233504 76241 MEMBERS/AFFILIATES - PROMOTES MEMBERSHIP FOR THE ORGANIZATION ANDIMPROVES MEMBERS KNOWLEDGE ABOUT THE VARIOUS ACADEMIC PROGRAMS THEASSOCIATION PROVIDES. MEMBERSHIP IN NATIONAL ASSOCATION OFSCHOLARS AUTOMATICALLY ENROLLS THE PERSON AS A MEMBER IN THE STATEAFFILIATES. 380628 61436 OTHER PROGRAM SERVICES - THERE ARE NO DIRECT REVENUES ASSOCIATED WITH THESE PROGRAMS. PROGRAMS ARE FUNDED WITH FOUNDATION INCOME RECEIVED. 380628 61436 2130781 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 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 0 1 248 0 10 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 1 1 0 NY X ORGANIZATION'S MANAGEMENT 6096837878 1 AIRPORT PLACE SUITES 7 AND 8 PRINCETON NJ 085423215 STANLEY ROTHMAN CHAIRMAN X 0 0 0 PROFESSOR DANIEL ASIA MEMBER X 0 0 0 PROFESSOR EVELYN AVERY MEMBER X 0 0 0 PROFESSOR JAY BERGMAN MEMBER X 0 0 0 PROFESSOR GEORGE DENT JR MEMBER X 0 0 0 DR CANDACE DE RUSSY MEMBER X 0 0 0 KENNETH DOYLE MEMBER X 0 0 0 PROFESSOR NORMAN FRUMAN MEMBER X 0 0 0 PROFESSOR BERNARD GORDON MEMBER X 0 0 0 PROFESSOR GAIL HERIOT MEMBER X 0 0 0 CHRISTINA JEFFREY MEMBER X 0 0 0 PROFESSOR MICHAEL KRAUSS MEMBER X 0 0 0 PROFESSOR DOROTHY LANG MEMBER X 0 0 0 DR BARRY LATZER MEMBER X 0 0 0 PROFESSOR HERBERT LONDON MEMBER X 0 0 0 PROFESSOR JOHN MATHYS MEMBER X 0 0 0 PROFESSOR DAVID MULROY MEMBER X 0 0 0 ANNE NEAL MEMBER X 0 0 0 PROFESSOR B NELSON ONG MEMBER X 0 0 0 PROFESSOR EDWARD RAUCHUT MEMBER X 0 0 0 DR MICHAEL SWARTZ MEMBER X 0 0 0 PROFESSOR PHILIP SIEGELMAN MEMBER X 0 0 0 PROFESSOR BARRY SMITH MEMBER X 0 0 0 DR SANDRA STOTSKY MEMBER X 0 0 0 DR JEFFREY WALLIN MEMBER X 0 0 0 PROFESSOR BRADLEY CS WATSON MEMBER X 0 0 0 DR ALBERT KEITH WHITAKER MEMBER X 0 0 0 PROFESSOR PETER W WOOD PRESIDENT 40.00 X 160000 0 0 DR STEPHEN H BALCH CHAIRMAN 40.00 X 160000 0 0 BRAD WILSON FORMER MEMBER 16.00 X 143100 0 0 ADAM SCRUPSKI FORMER MEMBER 20.00 X 98100 0 0 561200 0 0 3 1 1 0 PETER GIBBON PRINCETON UNIVERISTY PRINCENTON NJ 08544 EDUCATIONAL SERVICES 182400 BRADFORD WILSON PRINCETON UNIVERISTY PRINCENTON NJ 08544 EDUCATIONAL SERVICES 143100 2 76241 591527 667768 EDUCATIONAL PARTNERSHI 611710 1813614 1813614 1813614 50765 50765 OTHER INCOME 611710 10671 10671 10671 2542818 1875050 0 0 320000 144000 176000 272076 125379 146697 34144 15535 18609 103244 46973 56271 65078 23012 42066 76659 72826 3833 87307 87307 1153574 1130503 23071 5288 4589 699 CONSULTING 355152 340449 14703 PUBLICATIONS 67452 67452 GRANT EXPENDITURES 51391 23382 28009 FUNDRAISING FEES 46972 46972 SUPPLIES 36848 16765 20083 70338 32609 37729 2745523 2130781 567770 46972 328139 288830 142667 41875 11972 12639 160845 157486 8648 3359 1260298 1140494 5846 5846 1757570 1493043 222307 106036 222307 106036 X 1336593 1387007 198670 0 1535263 1387007 1757570 1493043 X -202705 54449 X 0 1 0 X 0 X 706111 1261548 843213 671973 667768 4150613 706111 1261548 843213 671973 667768 4150613 1839022 2311591 72395 60242 47183 44640 52012 276472 4427085 0.52210 0.57780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3000 3000 0 157845 154486 3359 3359 PUBLICLY TRADED 1980 C MUTUAL FUNDS 1138514 F 1140494 2542818 2745523 -202705 54449 54449 -148256 2597267 54449 54449 2542818 0 2542818 2745523 0 2745523 0 2745523 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION IS INCORPORATED AS A NON-PROFIT ORGANIZATION UNDER THE LAWS OF NEW YORK STATE. IT HAS BEEN GRANTED TAX EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER IRC SECTION 501(C)(3) AND IS NOT A PRIVATE FOUNDATION. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY (OR ASSETS) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2010, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NATIONAL ASSOCIATION OF SCHOLARS, INC. IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES NATIONAL ASSOCIATION OF SCHOLARS, INC. IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2008. MANAGEMENT DOES NOT BELIEVE THERE IS ANY UNRELATED BUSINESS INCOME. 0 0 0 0 0 0 0 0 0 PROFESSOR PETER W WOOD 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 DR STEPHEN H BALCH 160000 0 0 0 0 0 0 0 0 0 160000 0 0 0 BRAD WILSON 0 0 0 0 143100 0 0 0 0 0 143100 0 0 0 ADAM SCRUPSKI 0 0 0 0 98100 0 0 0 0 0 98100 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 A COMPLETE COPY OF FORM 990 IS PROVIDED TO GOVERNING BOARD MEMBERS PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR, PRIOR TO THE ANNUAL MEETING OF THE NAS BOARD OF DIRECTORS, THE BOARD'S COMMITTEE ON EXECUTIVE COMPENSATION SHALL CONSIDER WHAT CHANGES, IF ANY, SHOULD BE MADE IN THE SALARY OF THE NAS PRESIDENT. IF ANY CHANGES ARE RECOMMENDED, THESE SHALL BE REPORTED TO THE NAS BOARD OF DIRECTORS FOR FINAL DECISION. THE COMPENSATION OF CHIEF EXECUTIVES AT COMPARABLE ORGANIZATIONS ARE TAKEN ITNO ACCOUNT. FORM 990, PART VI, SECTION C, LINE 18 EACH OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 EACH OF THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 54,449.