North American Securities Administrators Association Inc.

“Nasaa is a professional association of securities administrators with 68 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 executive director is provided with a draft of the form 990 prepared by the organization's outside cpa. The executive director, with assistance from the director of finance, reviews the draft and provides feedback to the outside cpa. The final draft of the form 990 is then provided to the board of directors. The return is finalized once all issues raised during the review process have been properly resolved.”

“Officers, directors, and employees (collectively, "covered individuals") of nasaa each have an affirmative obligation to act at all times in the best interests of nasaa. Each covered individual discloses any and all facts that may be construed as a conflict of interest. Disclosures are made at the time of hire, election or appointment; through an annual disclosure process; and whenever an actual or potential conflict arises. The board of directors or a designated working group of the board reviews submitted disclosures, determines whether or not a conflict of interest exists, and determines whether or not such conflict materially and adversely affects nasaa's interests. If the board of directors or the designated working group of the board determines that an actual or potential conflict of interest exist, it determines an appropriate remedy.”

“The executive director's salary is determined by the corporate office review committee, comprised of the president, the president-elect, the immediate past president, and the treasurer. The corporate office review committee uses comparable data in establishing the executive director's salary and documents the process. The most recent compensation review took place in june 2023.”

“The organization does not makes its governing documents, conflict of interest policy and financial statements available to the public.”

“Consulting: program service expenses 19,989. Management and general expenses 89,624. Fundraising expenses 0. Total expenses 109,613. Exam maintenance: program service expenses 177,989. Management and general expenses 27,248. Fundraising expenses 0. Total expenses 205,237. Efd enhancements: program service expenses 73,112. Management and general expenses 11,193. Fundraising expenses 0. Total expenses 84,305. Efd consulting & redevelopment : program service expenses 168,214. Management and general expenses 25,751. Fundraising expenses 0. Total expenses 193,965. Other professional fees: program service expenses 128,673. Management and general expenses 19,698. Fundraising expenses 0. Total expenses 148,371. Iar ce fees: program service expenses 451,528. Management and general expenses 185,001. Fundraising expenses 0. Total expenses 636,529.”