National Science Teaching Association

“Nsta has individual, institutional, and other designated membership categories. All individual members in good standing in any established category are eligible to vote.”

“Directors are elected by electronic ballots. Ballots are emailed to each voting member of nsta at least thirty days prior to the last date for return of ballots.”

“Bylaw changes must be approved by the members.”

“The director of finance compiled the necessary data to prepare the federal form 990 which was reviewed by the deputy executive director. Nsta then engaged an independent cpa firm to prepare the 990. The draft form 990 was first reviewed by the director of finance and the deputy executive director. The next level of review continued to nsta's audit committee. The final 990 was provided to the board. Once reviewed and approved, the 990 was sent back to the cpa firm in order to be finalized and submitted to to the irs.”

“For nsta employees all new employees and existing employees are asked to read the policy and sign an acknowledgment that they have read the policy and agree to abide by its terms, and to fill out a disclosure statement either affirming no conflicts or listing conflicts of interest. These tasks are completed by each employee initially at the time of hire. When other documents are completed in the fall each year, human resources (hr) sends out the policy and statement again to each employee requesting that they update their files by listing on the statement any new potential conflicts or to affirm they have no conflicts and also by resigning the acknowledgment and returning to hr. Hr forwards any completed disclosure statements which list conflicts to the executive director for his review and appropriate action. For nsta board and relevant committee members, the board members are given the conflict of interest policy during the summer board meeting. They are asked to read and print the signature page and return the form during the meeting. This meeting is the first opportunity for the entire group to view, sign and then return it. The signed forms are filed in the executive office. Committees are provided the policy at their first meeting of each fiscal year or at the beginning of the fiscal year by mail or e-mail. If a conflict arises, the interested person having a conflict or potential conflict of interest discloses all facts material to the conflict of interest. The interested person does not participate in or hear the board of directors or committee's discussion of the matter except to disclose the material facts and to respond to questions. The board of directors or committee, if applicable, determines whether the disclosed interest is such that nsta (i) should not proceed with the proposed contract, transaction or arrangement, (ii) should modify the proposed contract, transaction or arrangement to eliminate the conflict, (iii) should seek another equally advantageous contract, transaction or arrangement that does not present a conflict of interest, or (iv) should take such other measures deemed to be in the interest of nsta.”

“For equitable salary adjustments at higher tier levels of management, the hr director provides salary comparisons of similar positions, usually drawn from the most recently published non-profit surveys, and/or comparisons with similar executive positions' compensation information as drawn from publicly accessible 990 forms filed by similar nonprofits. These comparisons are produced in spreadsheet form and are provided to the executive director and executive staff at nsta for internal salary decisions and to the board for executive director salary decisions. Currently the board only approves the executive director salary, in closed session. The president then provides the hr director with a letter authorizing any change to the executive director salary. The executive director has approved the salaries of the cfo and other executive staff. The salary comparisons for the cfo and the other associate executive director positions are provided to the executive director for review prior to any compensation revisions other than organization-wide cost of living adjustments. The last salary review took place in february 2021.”

“Nsta's bylaws, operating conflict of interest, and whistleblower policies are available to the public on its main website. All governing documents and policies are available upon request.”

“Some board members receive stipends from nsta for their work related to student competitions. This compensation is not related to either individual's position on the board. The president and retiring president, however, do receive compensation related to his/her position on the board. This compensation has been reflected on part vii, section a.”

“On april 17, 2020, the association received loan proceeds in the amount of $1,861,900 under the paycheck protection program. The promissory note calls for monthly principal and interest payments amortized over the term of the promissory note with a deferral of payments for the first seven months. Under the coronavirus aid, relief, and economic security act (cares act), the promissory note was forgiven by the small business administration in may 2021. On february 24, 2021, the association received a second loan proceeds in the amount of $1,861,865 under the paycheck protection program. The association intends to apply for forgiveness after completing the 24-week period. If forgiveness is granted, the association will record revenue from debt extinguishments during the period that forgiveness was approved.”

“Actuarial gain on postretirement benefits 352,058.”