National Exercise Trainers Association

“Form 990, Part VI, Section B, Line 11b - The 2021 990 form was provided to the entire Board of Directors for review before filing. The form was completed by the acting financial officer and was reviewed for accuracy by the accounting firm of BWK Rogers PC, Certified Public Accountants. The CPA firm specializes in non profit audits and it also conducted the audit of the 2022-2023 financial statements.”

“Form 990, Part VI, Section B, Line 12c - NETA has adopted the Ethics Policy template that was provided by the Attorney General of the State of Minnesota. The document provides a Conflict of Interest Policy, Conflict of lnterest Disclosure Statement, Gift Policy and Disclosure Form, Travel and Expense Reimbursement Policy, Sexual Harassment Policy, Third Party Contracts and other relevant policies. Potential conflicts are discussed at board meetings.”

“Form 990, Part VI, Section B, Line 15 - The compensation of the Executive Director and other key employees is determined by the entire Board of Directors. A board member or committee conducts annual performance review and makes recommendations to the entire board. Board members utilize third party & national compensation surveys to determine what compensation is appropriate and reasonable. The board also consults with attorneys and CPA's experienced in non profit compensation issues as needed. The board evaluates similar national and regional associations and compares size, scope and revenue. Compensation surveys are also used to determine other benefits like medical, deferred compensation and bonuses.”

“Form 990, Part VI, Section C, Line 19 - Copies of the entire 990 forms are available at no charge upon request. Governance documents, conflict of interest policies and financial statements are available free upon request.”

“Form 990, Part VI, Section C, Line 19 - Copies of the entire 990 forms are available at no charge upon request. Governance documents, conflict of interest policies and financial statements are available free upon request.”

“Form 990, Part XI, Line 5 - The organization had a $145,642 unrealized loss in the market value of mutual fund investments at the end of year”

“Form 990, Part XII, Line 2c - The entire Board of Directors assumes oversight of the audit, review and selection of an independent accountant to conduct the audits.”