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Nonprofiteer
← NACD CORPORATE DIRECTORS INSTITUTE

Form 990 for tax year 2023

Filed by NACD CORPORATE DIRECTORS INSTITUTE.

Totals

Total revenue
$1,891,207
Total expenses
$1,526,395
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,828,585
Investment income
$62,622
Other revenue
$0
Total assets, end of year
$1,417,455
Total liabilities, end of year
$1,822,196
Net assets or fund balances, end of year
-$404,741
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CERTIFICATION REVENUE

    total $1,828,585 · related or exempt $1,828,585

  • 3 · Investment income

    total $62,622 · excluded $62,622

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $36,208

  • 7 · Other salaries and wages

    total $386,051

  • 8 · Pension plan contributions

    total $30,236

  • 9 · Other employee benefits

    total $52,141

  • 10 · Payroll taxes

    total $25,838

  • 11b · Fees: legal

    total $5,545

  • 11c · Fees: accounting

    total $5,106

  • 11g · Fees: other

    total $274,602

  • 12 · Advertising and promotion

    total $357,581

  • 13 · Office expenses

    total $125,055

  • 16 · Occupancy

    total $45,762

  • 17 · Travel

    total $42,260

  • 19 · Conferences, conventions and meetings

    total $115,826

  • 23 · Insurance

    total $6,512

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $7,446

  • 24b · Other expenses: GIFTS, AWARDS & DON.

    total $6,682

  • 24c · Other expenses: PROFESSIONAL TRAINING

    total $3,504

  • 24d · Other expenses: MAT'L-EXHIBITS & DIS.

    total $40

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,120,146 · end of year $1,400,858

  • 9 · Prepaid expenses and deferred charges

    beginning of year $24,789 · end of year $16,597

  • 17 · Accounts payable and accrued expenses

    beginning of year $104,442 · end of year $130,948

  • 19 · Deferred revenue

    beginning of year $1,553,852 · end of year $1,364,635

  • 25 · Other liabilities

    beginning of year $256,194 · end of year $326,613

  • 27 · Net assets without donor restrictions

    beginning of year -$769,553 · end of year -$404,741

Mission and programs · 2023

Mission

TO PROMOTE THE PROFESSION OF CORPORATE DIRECTORSHIP THROUGH A NATIONWIDE CORPORATE DIRECTOR CERTIFICATION WHICH INCLUDES CONTINUING EDUCATION FOR DIRECTORS AND OFFER ADDITIONAL SERVICES RELATED TO THE PROFESSION OF CORPORATE DIRECTORSHIP.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • THE NACD DIRECTORSHIP CERTIFICATION PROGRAM IS THE CREDENTIAL FOR DIRECTORS TO OBTAIN AND DEMONSTRATE A BASELINE OF KNOWLEDGE IN PREPARATION FOR OR CONTINUATION OF THE PROFESSION OF DIRECTORSHIP.

As filed on the 2023 return.

Listed in Part VII

  • Peter Gleason

    CEO & BOARD MEMBER

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

    Schedule J breakdown matched by us

    Base
    $0 + $639,408 related
    Bonus
    $0 + $385,000 related
    Other
    $0 + $31,250 related
    Deferred
    $0 + $136,965 related
    Nontaxable benefits
    $0 + $33,116 related
    Filer's total
    $0 + $1,225,739 related

  • Anna Catalano See Sch O

    BOARD MEMBER

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brenda Gaines

    BOARD MEMBER (END 05/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Jamison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • W Graeme Roustan

    BOARD MEMBER (END 05/23)

    Total calculated
    $0
    Hours/week
    1

  • Nora Denzel

    BOARD MEMBER (BEG. 05/23)

    Total calculated
    $0
    Hours/week
    1

  • Alex Obuchowski

    TREASURER

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

    Schedule J breakdown matched by us

    Base
    $0 + $288,957 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $20,833 related
    Deferred
    $0 + $100,560 related
    Nontaxable benefits
    $0 + $22,086 related
    Filer's total
    $0 + $557,436 related

  • Kimberly Simpson

    COO, GEN. COUN. & CORP. SEC.

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

    Schedule J breakdown matched by us

    Base
    $0 + $316,856 related
    Bonus
    $0 + $135,000 related
    Other
    $0 + $20,833 related
    Deferred
    $0 + $102,455 related
    Nontaxable benefits
    $0 + $14,391 related
    Filer's total
    $0 + $589,535 related

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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 3
NACD CDI RELIES ON A RELATED ORGANIZATION, NACD, TO DETERMINE COMPENSATION. NACD USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION OF THE CEO: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION 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'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
202411579349301566

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