Nsf International

“Form 990 is prepared by an outside accounting firm in partnership with nsf's internal tax team and is reviewed and approved by nsf management. Prior to the filing with the irs, a completed copy of the current year form 990 is posted on the board of director's website. All board members have access to the form 990 and can download and review the document. The audit/finance committee (comprised of members of the board of directors) is responsible for monitoring this process and for confirming that form 990 is posted to the website in a timely manner.”

“All employees, officers, and directors (i.e., covered persons) who act on behalf of nsf in the operations of nsf's business must avoid conflicts of interest, promptly cease activities that cause conflicts to exist and must provide written disclosure to the chief legal officer of any actual or potential conflict of interest they are aware of upon hire or that may occur during their employment at nsf. Further, covered persons may not enter into a transaction or engage in any activity giving rise to a conflict of interest without the prior written approval of the chief legal officer and may be asked to discontinue an outside activity if it impacts or is perceived to impact their impartiality, effectiveness, productivity or if the disclosure of nsf confidential information is at risk. Additionally, all employees are required to undergo annual code of ethics training. As a part of the annual training, employees are educated on what may constitute a conflict of interest (including common situations that may create a conflict of interest (or the appearance of one), are made aware of the existing conflict of interest policy, and are reminded of their continuing obligation to report actual or potential conflicts of interest as they arise.”

“Each year during the january board meeting and after the publication of the prior year financial results, the compensation committee (comprised of members of the board of directors) reviews the compensation of all corporate officers and board members and recommends adjustments to compensation as necessary. The full board of directors reviews the recommendations of the compensation committee and approves adjustments to compensation, if deemed appropriate. This compensation review/recommendation/approval process was last done in january 2021. In addition, compensation studies are performed periodically by an outside firm to assist the compensation committee in the review of the officer's compensation. The last compensation study was performed in 2018, with a new study planned for 2021.”

“The organization's conflict of interest policy and form 990 are both available to the public upon request. Requests can be made by emailing to [email protected] or calling (734) 769-8010.”

“Applied research center (arc) provides customized bio analytical test services and consultation in the government and academia sectors. Expenses $ 1,501,833. Including grants of $ 0. Revenue $ 1,959,335. Standards development and maintenance: nsf international facilitates the process of developing new standards and maintenance of our existing standards, which is over 80 published documents. Our team works to ensure that all policies and procedures are followed and that our stakeholders are equipped to have conversations leading to consensus; this includes but is not limited to schedule/coordination of meetings, sharing essential documentation (reference standards, data, meeting summaries, etc.), committee membership recruitment and leading the balloting process for new standards and revisions to published standards. Expenses $ 885,666. Including grants of $ 0. Revenue $ 341,436. Other programs expenses $ 181,439. Including grants of $ 0. Revenue $ 43,934.”

“Allocation of overhead expenses: program service expenses 3,257,948. Management and general expenses (3,257,948). Fundraising expenses 0. Total expenses 0. Memberships and subscriptions: program service expenses 192,963. Management and general expenses 29,222. Fundraising expenses 0. Total expenses 222,185. Bad debt: program service expenses 176,439. Management and general expenses 32,908. Fundraising expenses 0. Total expenses 209,347. Miscellaneous expense: program service expenses 28,900. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,900. Total other expenses on form 990, part ix, line 24e, col a 460,432.”

“Dividend income (for 990, not books) -1,134,820.”