National Fire Sprinkler Association Inc

“Steve ulmer, director, and jon ackley, director, have a business relationship.”

“The organization amended its bylaws as follows: the nominating committee shall convene in january to identify and review potential candidates. The committee will submit the names of recommended candidates for officer positions no later than 30 days prior to the spring election. The position of general counsel has been officially designated as an officer role.”

“Any person, firm or corporation, trade association, or professional society engaged in the sale, design, installation, maintenance, promotion and/or regulation of fire sprinkler systems or their components shall be eligible for membership in the corporation.”

“Nfsa has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. When the form 990 has been prepared, it is sent electronically to the executive and finance committee and they review the 990 after filing.”

“Annually nfsa monitors their conflict of interest policy by requiring all directors, officers and key employees to complete a disclosure questionaire. The nfsa will not engage in any contract, transaction or arrangement involving a conflict of interest without establishing appropriate safeguards to protect the interests of the nfsa. To that end: a. Each significant person must promptly, fully and timely comply with the disclosure requirements set forth in this policy, or as otherwise adopted by the nfsa board of directors, hereinafter referred to as the "board", in accordance with this policy. B. All transactions, contracts or arrangements involving a conflict of interest must be reviewed by the board or by a designated body of disinterested persons. C. The board, or designated body, must determine by a majority vote of disinterested persons that appropriate safeguards are in place to protect the interests of the nfsa and are consistent with the purposes of this policy. D. Where appropriate, the board or designated body shall seek advice of legal counsel. This policy applies to (a) significant persons, and (b) any contract, transaction or arrangement involving the nfsa.”

“The finance committee reviews and suggests compensation for top management and other officers by reviewing comparable data of other similar entities. These compensation suggestions are then submitted to the board for their approval and is documented in the board minutes. This process was last done in december of 2024.”

“The organization makes its form 990 available for public inspection as required under section 6104 of the internal revenue code. The return is available on guidestar.org and other similar types of websites. In addition, the financial statements, articles of incorporation, form 990 and by-laws are also available upon written request or by calling the organization directly.”

“Transfer of net assets 85,623.”

“The organization has an audit committee that assumes responsibility for the oversight of the audit of its financial statements. The board of directors makes the selection of the independent accountant. This process did not change from the prior year.”