Nasba Center for the Public Trust

“Two of the organization's Directors are related by marriage: OC Ferrell and Linda Ferrell are married.”

“The Bylaws of the organization specifies that there is one member. National Association of State Boards of Accountancy, Inc. (NASBA) is named as the sole member.”

“The management and staff of the organization prepared Form 990 and it is reviewed by the governing Board of Directors. The form is made available to the Board in electronic format to review and for comment prior to filing. Any changes deemed necessary are made prior to the return being filed.”

“Annually every Director, officer and employee is required to sign a compliance statement which states that they have read and understand the conflict of interest policy and that they are in full compliance with the policy. Any exceptions to the policy are noted on the statement. All conflicts of interest are disallowed without prior approval of the President and CFO. In addition, new vendor relationships are reviewed during the year to determine if any conflicts of interest exists.”

“Each year, the compensation for the Chief Executive Officer is approved by the Executive Committee of the Board of Directors of National Association of State Boards of Accountancy, Inc. (member). The total annual compensation is determined based on a national compensation study as annually commissioned with specific discussion of the President and Chief Executive Officer, as well as, an evaluation of the overall performance. Documentation of the decision is provided to the Chief Financial Officer and Human Resources.”

“Currently the organization's governing documents, conflict of interest policy and financial statements are available to the officers, directors, member of the organization and others upon request.”

“The staff of CPT are employed by National Association of State Boards of Accountancy (NASBA), a related company. CPT reimbursed NASBA for the cost relevant to the time spent on CPT activities. Since CPT did not issue any W-2s, column (D) is reported as zero. The amount reported in column (E) represents the amount reported by NASBA on the W-2 Box 5 for each person listed. The amount CPT reimbursed NASBA for the fiscal year for each of the three officers that are employed by NASBA is as follows: Alfonzo Alexander $127,116, Michael Bryant $0, Ken Bishop $0.”

“The staff of CPT are employed by National Association of State Boards of Accountancy (NASBA), a related company. CPT reimburses NASBA at cost for the time spent on CPT activities.”