National Association of School

“The association has the following types of members: regular, honorary, student, retired, international and affiliate.”

“All individual members, with exception of international and affiliate members, have the right to vote consistent with their state affiliation. International members are eligible to vote only in elections for national officers. Affiliate memberships do not include voting privileges in the association.”

“The association does not have another committee with the authority to act on behalf of the governing body.”

“The association's federal form 990 is prepared by an independent audit firm in conjunction with the association chief operating officer (coo) and finance staff. The draft form 990 is reviewed by the executive director, coo and finance staff and then provided to the finance advisory committee for review and approval. The draft form 990 is also made available to the full board of directors for review before it is officially finalized and filed with the internal revenue service.”

“The conflict of interest (coi) policy is reviewed at the beginning of each board of directors (board) and leadership assembly (la) meeting. Each member of the board and la is required to sign the coi statement at the beginning of each fiscal year. New board and la members must sign the policy at the time they are elected or appointed. A cover memo is distributed with the coi statement each year that explains the reason for the coi policy. If a conflict of interest is identified, the president would discuss the policy with the individual so that they recuse themselves from the discussion and vote if applicable.”

“The association retains the services of an independent compensation consultant to review the compensation package for the executive director. The consultant prepares a comparative compensation analysis of approximately 21 organizations that are similar in size and mission and based on that analysis will make a recommendation to the personnel committee (pc). The pc is charged with the annual performance evaluation of the executive director, as well as reviewing the compensation analysis from the consultant. Based on the consultant's analysis and recommendation, the pc will recommend an annual compensation package to the board for consideration. The board is the governing body that formally approves the compensation package for the executive director. The association also has a written employment contract with the executive director, which also provides guidance with respect to compensation.”

“The association's federal form 990 and irs tax exempt determination letter are available to the public at www.nasponline.org. The conflict of interest policy is made available upon request and the requests for financial statements are considered on a case-by-case basis.”

“The compensation amount in part vii, column d for lisa kelly-vance, president, is reported as $28,040 because payment for her services only partially occurred prior to the tax year ended within the association's fiscal year. The remaining balance will appear in the following tax year. The hours reported in column (b) are accurate for the reporting period. Similarly for john kelly, past president, the amount in column (d) is for services performed in the prior tax reporting period but paid during the calendar year ended within the association's fiscal year. The hours in column (b) are accurate for the reporting period.”