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← NATIONAL ASSOCIATION OF CORPORATE DIRECTORS

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF CORPORATE DIRECTORS.

Totals

Total revenue
$44,806,719
Total expenses
$42,017,959
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,606,893
Investment income
$1,140,764
Other revenue
$59,062
Total assets, end of year
$60,466,084
Total liabilities, end of year
$31,726,476
Net assets or fund balances, end of year
$28,739,608
Program services expenses (Part IX)
$31,415,909
Management and general expenses
$10,602,050
Fundraising expenses
$0
Program service expenses (Part III)
$31,415,909

Program services were 74.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • PETER GLEASON

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $1,225,739
    From this org
    $1,055,658
    From related orgs
    $0
    Other
    $170,081
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $639,408
    Bonus
    $385,000
    Other
    $31,250
    Deferred
    $136,965
    Nontaxable benefits
    $33,116
    Filer's total
    $1,225,739

  • DONA YOUNG SEE SCH O

    BOARD MEMBER

    Total calculated
    $74,250
    From this org
    $74,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • SUE COLE

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • NICHOLAS DONOFRIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BRENDA GAINES

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANIEL GALLAGHER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • NORA DENZEL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MARY WINSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JOCELYN CARTER-MILLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SANDRA LAWRENCE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL MONTELONGO

    BOARD MEMBER (BEG. 07/23)

    Total calculated
    $0
    Hours/week
    1

  • KIMBERLY A SIMPSON

    COO, GENERAL COUNSEL & CORP. SEC.

    Total calculated
    $589,535
    From this org
    $472,689
    From related orgs
    $0
    Other
    $116,846
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $316,856
    Bonus
    $135,000
    Other
    $20,833
    Deferred
    $102,455
    Nontaxable benefits
    $14,391
    Filer's total
    $589,535

  • ALEX S OBUCHOWSKI

    CHIEF FINANCIAL OFFICER

    Total calculated
    $557,436
    From this org
    $434,790
    From related orgs
    $0
    Other
    $122,646
    Hours/week
    54 + 1 related

    Schedule J breakdown matched by us

    Base
    $288,957
    Bonus
    $125,000
    Other
    $20,833
    Deferred
    $100,560
    Nontaxable benefits
    $22,086
    Filer's total
    $557,436

  • TRACY DEAN GEE

    CHIEF PEOPLE OFFICER

    Total calculated
    $561,652
    From this org
    $446,416
    From related orgs
    $0
    Other
    $115,236
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $298,583
    Bonus
    $127,000
    Other
    $20,833
    Deferred
    $100,941
    Nontaxable benefits
    $14,295
    Filer's total
    $561,652

  • RONA BUNN

    CHIEF INFORMATION OFFICER

    Total calculated
    $538,738
    From this org
    $426,848
    From related orgs
    $0
    Other
    $111,890
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $286,015
    Bonus
    $120,000
    Other
    $20,833
    Deferred
    $99,637
    Nontaxable benefits
    $12,253
    Filer's total
    $538,738

  • FRISO VAN DER OORD

    SENIOR VICE PRESIDENT, CONTENT

    Total calculated
    $414,425
    From this org
    $341,051
    From related orgs
    $0
    Other
    $73,374
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $246,171
    Bonus
    $76,130
    Other
    $18,750
    Deferred
    $71,424
    Nontaxable benefits
    $1,950
    Filer's total
    $414,425

  • BETH MERIN

    VICE PRESIDENT, MARKETING

    Total calculated
    $323,296
    From this org
    $281,718
    From related orgs
    $0
    Other
    $41,578
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $226,812
    Bonus
    $54,906
    Other
    $0
    Deferred
    $20,258
    Nontaxable benefits
    $21,320
    Filer's total
    $323,296

  • GREG GRIFFITH

    SR. DIR., PART., SPONS. & DEV'L

    Total calculated
    $313,920
    From this org
    $270,542
    From related orgs
    $0
    Other
    $43,378
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $199,450
    Bonus
    $71,092
    Other
    $0
    Deferred
    $18,126
    Nontaxable benefits
    $25,252
    Filer's total
    $313,920

  • SUSAN PALEY

    VICE PRESIDENT, CHAPTER NETWORK

    Total calculated
    $311,312
    From this org
    $288,820
    From related orgs
    $0
    Other
    $22,492
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,162
    Bonus
    $59,658
    Other
    $0
    Deferred
    $20,542
    Nontaxable benefits
    $1,950
    Filer's total
    $311,312

  • JULIE E MOUNT

    SENIOR REGIONAL DIRECTOR

    Total calculated
    $277,381
    From this org
    $245,441
    From related orgs
    $0
    Other
    $31,940
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $190,981
    Bonus
    $54,460
    Other
    $0
    Deferred
    $17,303
    Nontaxable benefits
    $14,637
    Filer's total
    $277,381

  • WANDA PARKER-SMITH

    DIRECTOR, HUMAN RESOURCES

    Total calculated
    $277,316
    From this org
    $238,954
    From related orgs
    $0
    Other
    $38,362
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $214,305
    Bonus
    $24,649
    Other
    $0
    Deferred
    $19,350
    Nontaxable benefits
    $19,012
    Filer's total
    $277,316

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
NACD'S CEO HAS AN OUT-OF-STATE MEMBERSHIP IN THE YALE CLUB OF NEW YORK, THAT IS PAID FOR BY THE ASSOCIATION. THE MEMBERSHIP ALLOWS FOR DISCOUNTED LODGING RATES IN NEW YORK CITY THAT ARE USED FOR BUSINESS PURPOSES, THAT ARE USED BY MEMBERS OF THE SENIOR STAFF, WHEN AVAILABLE, DURING TRAVEL TO NEW YORK CITY. THE CLUB ALSO HAS RECIPROCAL MEMBERSHIP WITH CLUBS AROUND THE COUNTRY THAT ARE ALSO UTILIZED FOR THIS PURPOSE. FIRST-CLASS AIRFARE IS REIMBURSABLE TO BOARD MEMBERS TRAVELING ON NACD BUSINESS.
PART I, LINE 1B
PER THE COMPENSATION COMMITTEE'S CHARTER, ALL SUCH EXPENDITURES HAVE BEEN APPROVED BY THE COMMITTEE.
PART I, LINE 4B
DURING 2021, NACD IMPLEMENTED A NONQUALIFIED DEFERRED COMPENSATION PLAN UNDER THE PROVISIONS OF SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN'S PERFORMANCE PERIOD BEGAN JANUARY 1, 2021 AND ENDS DECEMBER 31, 2023. AMOUNTS ARE REPORTED IN PART II, COLUMN (C).
PART I, LINE 5
NACD HAS A 457(F) PLAN TO ACCRUE A BENEFIT IF CERTAIN PERFORMANCE OBJECTIVES ARE MET.
PART I, LINE 7
BONUSES ARE PAID ANNUALLY BASED UPON MULTIPLE PERFORMANCE CRITERIA. BONUSES ARE BASED ON A VARIETY OF PERFORMANCE FACTORS, INCLUDING INTERNAL METRICS, TEAM BUILDING, COMMUNICATION, ORGANIZATIONAL GOALS, QUALITY OF WORK, AND ACHIEVEMENT OF STRATEGIC GOALS. BONUS PAYMENTS ARE REFLECTED ON PART II, COLUMN (B)(II).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 June 2024
IRS schema version
2023v5.0
Source object
202401579349301500

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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