North American Securities Administrators Association Inc.

“Nasaa is a professional association of securities administrators with 67 members.”

“Nasaa's directors are elected by a vote of the full membership.”

“Proposed amendments to the organization 's by-laws, if initiated by the governing body, require approval by the membership.”

“The amended form 990 was reviewed by management prior to filing.”

“The executive director's salary is determined by the corporate office review committee, comprised by the president, president-elect, the immediate past president, and the treasurer.”

“Governing documents, conflict of interest policy and financial statements are not made available to the public.”

“The organization has a committee that takes responsibility for teh oversight of the annual financial statement audit. The organization's oversight process and selection process have not changed during the tax year.”

“This return was amended to reflect the following changes from the return as originally filed: 1. Page 1: principal officer and signer were changed to reflect the principal officer and signer as of the date of amending the return. Preparer information was changed to reflect the cpa and cpa firm that prepared the amended return. 2. Part iv, line 4: answer was changed to yes to correctly indicate that this 501(c)(3) organization engaged in lobbying activity. 3. Part v: lines 7e and 7f were changed to no to correctly indicate that the organization was not involved in personal benefit contracts. These questions had been blank on the original return. 4. Part vi: lines 12b and 12c were changed to no to correctly indicate that the organization did not require disclosure of interests that could give rise to conflicts and that it did not regularly monitor its conflict of interest policy. 5. Part vi: line 20 was changed to correctly indicate that the organization posseses its books and records. 6, part vii, section a: three directors who had served during the year were added to this schedule. 7. Part viii: reclassifications of certain revenue items were made to more correctly agree with the organizaztion's detailed books. Totals remain the same as originally reported. 8. Part ix: reclassifications of certain expense items were made to more correctly agree with the organizaztion's detailed books. Totals remain the same as originally reported for each column of the statement of functional expenses. 9. Schedule a, part vi, supplemental information: for 2014, $1,800 was broken out from settlement income and reported as miscellaneous revenue. 10. Schedule c, part ii-b: this section was completed as required. It had been left blank on the return as originally filed with a note to see attached reports filed with congress. 11. Schedule c, part iv: a description of lobbying activities in which the organization was engaged during the year was added. 12. Schedule o: a note incorrectly describing monitoring and enforcing of its conflict of interest policy was deleted.”