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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
$342,911
Total expenses
$180,095
Contributions and grants received
$329,150
Grants paid
$0
Program service revenue
$13,675
Investment income
$86
Other revenue
$0
Total assets, end of year
$191,246
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$191,246
Program services expenses (Part IX)
$66,027
Management and general expenses
$114,068
Fundraising expenses
$0
Program service expenses (Part III)
$66,027

Program services were 36.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $329,150

  • 2a · Program service revenue: PROGRAM REGISTRATION

    total $13,675 · related or exempt $13,675

  • 3 · Investment income

    total $86 · excluded $86

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $55,000 · program services $27,500 · management and general $27,500

  • 11g · Fees: other

    total $71,699 · management and general $71,699

  • 14 · Information technology

    total $1,863 · management and general $1,863

  • 17 · Travel

    total $3,780 · management and general $3,780

  • 19 · Conferences, conventions and meetings

    total $45,975 · program services $38,527 · management and general $7,448

  • 23 · Insurance

    total $615 · management and general $615

  • 24a · Other expenses: MISCELLANEOUS EXPENSES

    total $1,163 · management and general $1,163

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $28,430 · end of year $91,246

  • 2 · Savings and temporary cash investments

    end of year $100,000

  • 27 · Net assets without donor restrictions

    beginning of year $28,430 · end of year $191,246

Mission and programs · 2023

Mission

NACD INSPIRES TO A WORLD WHERE BUSINESSES ARE SUSTAINABLE, PROFITABLE AND TRUSTED. IT PROVIDES TOOLS, RESOURCES AND VOICE TO ADVANCE THIS VISION.

  • THE NACD MINNESOTA CHAPTER FOLLOWS THE MISSION OF NACD IN ADVANCING EXEMPLARY BOARD LEADERSHIP. IT IS A REQUIREMENT FOR EACH PROGRAM THAT THE TOPIC RELATE TO "GOVERNANCE AND WE REQUIRE A MINIMUM OF ONE DIRECTOR, PREFERABLY AN NACD MEMBER, AS A SPEAKER OR PRESENTER ON A PANEL. IN THIS WAY, WE OFFER THE LOCAL DIRECTOR COMMUNITY OPPORTUNITIES TO BECOME INFORMED AND EDUCATED, AS WELL AS PROVIDING A FORUM FOR DISCUSSION OF TOPICS RELATING TO THE BOARDROOM AND DIRECTOR PERFORMANCE.(CONTINUED IN SCHEDULE O)IN 2023, NACD-MN OFFERED 8 PROGRAMS - ONE VIRTUAL AND THE REST IN PERSON - WITH NEARLY 400 ATTENDEES. VIRTUAL PRICING WAS COMPLEMENTARY FOR MEMBERS AND $25 FOR NONMEMBERS. IN-PERSON PRICING WAS $50 FOR MEMBERS AND $65 FOR NONMEMBERS. NACD-MN PROGRAMMING FOCUSED ON THOSE WHO SERVE ON PUBLIC, PRIVATE AND NONPROFIT ORGANIZATION BOARDS, WITH AN EMPHASIS ON REPRESENTATION OF PEOPLE OF COLOR AND WOMEN PARTICIPANTS. CONTENT WAS DESIGNED TO STRENGTHEN BOARD GOVERNANCE AND EQUIP DIRECTORS TO BE READY TO NAVIGATE THE REALITIES OF BUSINESS TODAY.

    Expenses $66,027 · Revenue $13,675

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Channon Lemon

    EXECUTIVE DIRECTOR

    Total calculated
    $55,000
    From this org
    $55,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

  • Miron Marcotte

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Melodie Rose

    VICE CHAIR & PROGRAM CHAIR

    Total calculated
    $0
    Hours/week
    1

  • James Powell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Lynn Oquist

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Barbara Butts Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christy Morse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dara Rudick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chanda Smith Baker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
24 September 2024
IRS schema version
2023v5.1
Source object
202432709349300508

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