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Nonprofiteer
← NACD CORPORATE DIRECTORS INSTITUTE

Form 990 for tax year 2022

Filed by NACD CORPORATE DIRECTORS INSTITUTE.

Totals

Total revenue
$1,510,269
Total expenses
$1,894,654
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,498,259
Investment income
$12,010
Other revenue
$0
Total assets, end of year
$1,144,935
Total liabilities, end of year
$1,914,488
Net assets or fund balances, end of year
-$769,553
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 $1,498,259 · related or exempt $1,498,259

  • 3 · Investment income

    total $12,010 · excluded $12,010

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $38,029

  • 7 · Other salaries and wages

    total $515,240

  • 8 · Pension plan contributions

    total $27,136

  • 9 · Other employee benefits

    total $127,552

  • 10 · Payroll taxes

    total $33,366

  • 11b · Fees: legal

    total $554

  • 11c · Fees: accounting

    total $607

  • 11g · Fees: other

    total $330,802

  • 12 · Advertising and promotion

    total $366,383

  • 13 · Office expenses

    total $190,859

  • 14 · Information technology

    total $40,842

  • 16 · Occupancy

    total $135,270

  • 17 · Travel

    total $24,387

  • 19 · Conferences, conventions and meetings

    total $20,635

  • 22 · Depreciation, depletion and amortization

    total $11,266

  • 23 · Insurance

    total $6,596

  • 24a · Other expenses: MISCELLANEOUS

    total $23,936

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $1,194

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,113,095 · end of year $1,120,146

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,930 · end of year $24,789

  • 17 · Accounts payable and accrued expenses

    beginning of year $89,667 · end of year $104,442

  • 19 · Deferred revenue

    beginning of year $1,408,336 · end of year $1,553,852

  • 25 · Other liabilities

    beginning of year $5,190 · end of year $256,194

  • 27 · Net assets without donor restrictions

    beginning of year -$385,168 · end of year -$769,553

Mission and programs · 2022

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 2022 return.

Listed in Part VII

  • Brenda Gaines

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cynthia Jamison

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anna Catalano

    BOARD MEMBER (SEE SCHEDULE O)

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Peter R Gleason

    CEO

    Total calculated
    $1,190,607
    From this org
    $0
    From related orgs
    $1,072,778
    Other
    $117,829
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $610,278 related
    Bonus
    $0 + $431,250 related
    Other
    $0 + $31,250 related
    Deferred
    $0 + $86,270 related
    Nontaxable benefits
    $0 + $31,559 related
    Filer's total
    $0 + $1,190,607 related

  • W Graeme Roustan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alex Obuchowski

    TREASURER

    Total calculated
    $512,064
    From this org
    $0
    From related orgs
    $427,063
    Other
    $85,001
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,397 related
    Bonus
    $0 + $130,833 related
    Other
    $0 + $20,833 related
    Deferred
    $0 + $65,486 related
    Nontaxable benefits
    $0 + $19,515 related
    Filer's total
    $0 + $512,064 related

  • Kimberly A Simpson

    COO, GEN. COUNSEL, & CORP. SEC.

    Total calculated
    $600,191
    From this org
    $0
    From related orgs
    $520,510
    Other
    $79,681
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $303,844 related
    Bonus
    $0 + $195,833 related
    Other
    $0 + $20,833 related
    Deferred
    $0 + $67,641 related
    Nontaxable benefits
    $0 + $12,040 related
    Filer's total
    $0 + $600,191 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
2022
Filed
16 June 2023
IRS schema version
2022v5.0
Source object
202311679349300721

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