Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $250,000

• 1f · All other contributions, gifts and grants

  $254,595

• 2a · Program service revenue: SERVICE TO AMERICA

  total $591,543 · related or exempt $591,543

• 2b · Program service revenue: SPONSORSHIP REVENUE

  total $383,982 · excluded $383,982

• 2c · Program service revenue: REGISTRATION INCOME

  total $210,376 · related or exempt $210,376

• 3 · Investment income

  total $81,758 · excluded $81,758

• 5 · Royalties

  total $13,692 · excluded $13,692

• 11a · Other revenue: OTHER REVENUE

  total $2,250 · excluded $2,250

• 11e · Other revenue, total

  $2,250

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $71,500 · program services $71,500

• 5 · Compensation of officers, directors and key employees

  total $513,691 · program services $420,994 · management and general $25,685 · fundraising $67,012

• 7 · Other salaries and wages

  total $305,690 · program services $295,148 · management and general $6,801 · fundraising $3,741

• 8 · Pension plan contributions

  total $15,877 · program services $13,654 · management and general $794 · fundraising $1,429

• 9 · Other employee benefits

  total $1,029 · program services $885 · management and general $51 · fundraising $93

• 10 · Payroll taxes

  total $52,236 · program services $44,923 · management and general $2,612 · fundraising $4,701

• 11a · Fees: management

  total $15,896 · program services $13,359 · management and general $2,537

• 11c · Fees: accounting

  total $3,886 · management and general $3,886

• 11g · Fees: other

  total $123,624 · program services $123,624

• 12 · Advertising and promotion

  total $2,862 · program services $158 · management and general $2,704

• 13 · Office expenses

  total $59,045 · program services $31,853 · management and general $27,192

• 16 · Occupancy

  total $11,550 · program services $9,439 · management and general $1,162 · fundraising $949

• 17 · Travel

  total $203,444 · program services $159,028 · management and general $44,416

• 22 · Depreciation, depletion and amortization

  total $2,778 · program services $2,334 · management and general $444

• 24a · Other expenses: EVENT OPERATION & PROD.

  total $582,867 · program services $574,453 · management and general $8,414

• 24b · Other expenses: OTHER

  total $16,779 · management and general $16,779

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,119,570 · end of year $566,804

• 3 · Pledges and grants receivable

  beginning of year $85,833 · end of year $23,334

• 4 · Accounts receivable

  beginning of year $37,967 · end of year $133,325

• 9 · Prepaid expenses and deferred charges

  beginning of year $21,827 · end of year $20,457

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

  $84,815

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

  $84,815

• 10c · Land, buildings and equipment, net

  beginning of year $2,778 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $3,365,298 · end of year $4,322,731

• 17 · Accounts payable and accrued expenses

  beginning of year $122,224 · end of year $44,903

• 19 · Deferred revenue

  beginning of year $276,356 · end of year $514,855

• 27 · Net assets without donor restrictions

  beginning of year $3,777,440 · end of year $4,065,678

• 28 · Net assets with donor restrictions

  beginning of year $457,253 · end of year $441,215

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE OF NATIONAL ASSOCIATION OF BROADCASTERS (NAB) AFTER A REVIEW OF THE PRESIDENT'S ACTIVITIES AND ACCOMPLISHMENTS FOR THE YEAR. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA AS AVAILABLE. THE COMPENSATION OF OTHER OFFICERS IS DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW OF THE ACTIVITIES AND ACCOMPLISHMENTS OF THE OFFICERS AND KEY EMPLOYEES FOR THE YEAR. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CONTROLLER FOR IMPLEMENTATION.

PART I, LINE 5

THERE IS A BONUS COMPENSATION AGREEMENT FOR THE VP, DEVELOPMENT BASED ON GROSS REVENUES EARNED FOR VARIOUS PROGRAMS. THE MAXIMUM BONUS POTENTIAL IS CAPPED AT A PERCENTAGE OF THE GROSS REVENUES GOAL FOR THE FISCAL YEAR. THE REVENUES GOAL IS DETERMINED COLLABORATIVELY BY THE PRESIDENT, VICE PRESIDENT, AND TREASURER WITH FINAL APPROVAL OBTAINED FROM THE BOARD OF DIRECTORS.