Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $191,959

• 1f · All other contributions, gifts and grants

  $2,156,423

• 2a · Program service revenue: MEMBERSHIP DUES

  total $105,154,721 · related or exempt $105,154,721

• 2b · Program service revenue: REGISTRATION FEES

  total $53,440 · related or exempt $53,440

• 3 · Investment income

  total $2,332,677 · excluded $2,332,677

• 5 · Royalties

  total $1,979,678 · excluded $1,979,678

• 6a · Gross rents

  real property $608,066

• 6b · Less rental expenses

  real property $247,103

• 6c · Rental income or loss

  real property $360,963

• 6d · Net rental income or loss

  total $360,963 · unrelated business $41,222 · excluded $319,741

• 7a · Gross sales of assets other than inventory

  securities $4,869,791

• 7b · Less cost or other basis and sales expenses

  securities $4,734,121 · other assets $11,735

• 7c · Gain or loss

  securities $135,670 · other assets -$11,735

• 7d · Net gain or loss

  total $123,935 · excluded $123,935

• 11a · Other revenue: AFFILIATE MANAGEMENT INCOME

  total $526,848 · unrelated business $526,848

• 11b · Other revenue: QUALIFIED SPONSORSHIP UNDER 513(I

  total $291,900 · excluded $291,900

• 11d · All other revenue

  total $129,486 · related or exempt $109,486 · unrelated business $20,000

• 11e · Other revenue, total

  $948,234

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $536,504

• 5 · Compensation of officers, directors and key employees

  total $6,167,585

• 7 · Other salaries and wages

  total $59,945,866

• 8 · Pension plan contributions

  total $20,380,406

• 9 · Other employee benefits

  total $6,687,468

• 10 · Payroll taxes

  total $4,588,265

• 11b · Fees: legal

  total $217,035

• 11c · Fees: accounting

  total $151,381

• 11d · Fees: lobbying

  total $1,348,279

• 11e · Fees: professional fundraising services

  total $393,458

• 11f · Fees: investment management

  total $167,936

• 11g · Fees: other

  total $3,035,578

• 12 · Advertising and promotion

  total $1,879,188

• 13 · Office expenses

  total $5,086,878

• 14 · Information technology

  total $2,038,149

• 16 · Occupancy

  total $3,073,720

• 17 · Travel

  total $5,770,428

• 19 · Conferences, conventions and meetings

  total $1,012,407

• 20 · Interest

  total $25,397

• 22 · Depreciation, depletion and amortization

  total $720,615

• 23 · Insurance

  total $328,738

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,375,289 · end of year $18,017,688

• 4 · Accounts receivable

  beginning of year $860,328 · end of year $1,013,281

• 8 · Inventories for sale or use

  beginning of year $201,642 · end of year $217,177

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,358,966 · end of year $1,297,116

• 10a · Land, buildings and equipment: cost or other basis

  $17,363,809

• 10b · Land, buildings and equipment: accumulated depreciation

  $12,889,785

• 10c · Land, buildings and equipment, net

  beginning of year $4,731,355 · end of year $4,474,024

• 11 · Investments: publicly traded securities

  beginning of year $53,999,620 · end of year $61,947,283

• 15 · Other assets

  beginning of year $19,381,678 · end of year $18,959,882

• 17 · Accounts payable and accrued expenses

  beginning of year $21,907,760 · end of year $24,833,331

• 19 · Deferred revenue

  beginning of year $22,068,062 · end of year $21,696,307

• 25 · Other liabilities

  beginning of year $21,190,318 · end of year $20,111,494

• 27 · Net assets without donor restrictions

  beginning of year $28,606,290 · end of year $39,148,871

• 28 · Net assets with donor restrictions

  beginning of year $136,448 · end of year $136,448

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS: UPON APPROVAL, A BOARD MEMBER'S COMPANION TRAVEL EXPENSES PAID BY NFIB ARE INCLUDED IN THE BOARD MEMBER'S FORM 1099 AS TAXABLE INCOME. UPON APPROVAL, AN EMPLOYEE'S COMPANION TRAVEL EXPENSES PAID OR REIMBURSED BY NFIB ARE INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS A TAXABLE FRINGE BENEFIT AND TREATED AS SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: NFIB PROVIDES THE PRESIDENT AN ANNUAL PAYMENT IN LIEU OF ANY SPECIAL ARRANGEMENT FOR ADDITIONAL EXECUTIVE RETIREMENT. THIS COMPENSATION ARRANGEMENT PROVIDES THAT THE PAYMENT BE GROSSED UP. CERTAIN SALES EMPLOYEES RECEIVE AN AWARD FOR REACHING ORGANIZATIONAL OBJECTIVES. COMPANY POLICY PROVIDES THAT ANY NONBUSINESS OR INCIDENTAL EXPENSES INCLUDED IN THE EMPLOYEES' WAGES BE GROSSED UP. DISCRETIONARY SPENDING ACCOUNT: AS PER COMPANY POLICY AND UPON APPROVAL, OFFICERS AND EXECUTIVE MANAGEMENT OF THE COMPANY RECEIVE CELLULAR PHONE/DATA SERVICE ALLOWANCE. IN COMPLIANCE WITH IRS CODE SECTION 132 THESE FRINGE BENEFITS ARE TREATED AS TAXABLE SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• NFIB MEMBER SERVICES CORPORATION

  C · MEMBER BENEFIT · CA · 100% owned · share of income $503,712 · share of assets $2,030,607 · controlled entity

  Directly controlled by NFIB