2024-11-14T20:06:12-06:00 2023-12-31 910189318 MOSS ADAMS LLP 3121 W MARCH LN STE 200 STOCKTON CA 952192367 990 2023-01-01 951686172 NATIONAL HOT ROD ASSOCIATION NATI 6269144761 140 VIA VERDE 100 SAN DIMAS CA 91773 GLEN CROMWELL PRESIDENT 6269144761 2024-11-13 1 1 TRACY S PAGLIA P00366884 2099556100 2024-11-13 2023 2024-10-15 13:58:12Z PETER CLIFFORD 140 VIA VERDE 100 SAN DIMAS CA 91773 99433273 0 X WWW.NHRA.COM X 1951 CA PRESERVE AND PROMOTE THE SPORT OF DRAG RACING AND IMPROVE SAFETY IN THE SPORT. 5 3 1128 0 8174089 0 2738000 350000 84816793 93074976 298634 1160556 956456 4651375 88809883 99236907 8817 10405 0 0 20161752 23814018 0 0 0 62215832 70250400 82386401 94074823 6423482 5162084 70216676 80100080 20690332 24818400 49526344 55281680 X TO IMPROVE BUSINESS CONDITIONS IN THE SPORT OF DRAG RACING AND IN THE HOT ROD INDUSTRY, AND PROMOTE AND ADVANCE THE COMMON BUSINESS INTERESTS OF THOSE ENGAGED IN THE SPORT OF DRAG RACING AND THE HOT ROD INDUSTRY, TO PROMOTE SAFETY, SPORTSMANSHIP AND FELLOWSHIP AND EXCHANGE OF KNOWLEDGE AND INFORMATION AMONG HOT ROD ENTHUSIASTS, AND TO CARRY ON THE ACTIVITIES WITHIN THE PURVIEW OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, AND CALIFORNIA REVENUE AND TAXATION SECTION 23701E. 0 0 THE ASSOCIATION EXPENDS SUBSTANTIAL RESOURCES IN SUPPORT OF IMPROVING, PROMOTING, AND ADVANCING THE COMMON INTEREST OF THOSE ENGAGED IN THE SPORT OF DRAG RACING PRIMARILY THROUGH PROVIDING A GOVERNING STRUCTURE, SANCTIONING CERTAIN RACES, CONTINUOUSLY INVESTING IN FACILITY SAFETY AND NHRA TRACK IMPROVEMENTS, AND FOSTERING THE CONDUCT OF THOUSANDS OF DRAG RACING EVENTS ANNUALLY ON NATIONAL AS WELL AS LOCAL LEVELS. THE ASSOCIATION PROVIDES SUPPORT TO RACER PARTICIPANTS, TO TRACK OPERATORS CONDUCTING THESE EVENTS, AND TO MANUFACTURERS AND DISTRIBUTORS OF VEHICLES, PARTS AND PRODUCTS USED IN RACING.THROUGH THESE ACTIVITIES AND EVENTS, THE ASSOCIATION PROMOTES THE SPORT AND INDUSTRY OF DRAG RACING BY FOSTERING THE ENTHUSIASM OF THE PUBLIC AND PARTICIPANTS, AND PROVIDING A PROVING GROUND AND SHOWCASE FOR MANUFACTURERS AND DISTRIBUTORS. THE ASSOCIATION IS ACTIVELY ENGAGED IN ENHANCING THE PUBLIC IMAGE OF DRAG RACING WITH A VIEW TOWARD INCREASING PARTICIPATION AND FOSTERING THE ASSOCIATION'S MISSION OF PRESERVING AND PROTECTING THE SPORT OF DRAG RACING AND IMPROVING SAFETY IN THE SPORT BY, AMONG OTHER THINGS, FOSTERING A NETWORK OF RACING VENUES AND RACING SERIES. THE ASSOCIATION'S GREATEST PUBLIC RELATIONS TOOLS ARE ITS ANNUAL SERIES OF NATIONAL EVENTS THAT ARE TELECAST AND SHOWCASE THE BEST OF THE SPORT, INCLUDING ITS DIVERSE PARTICIPANTS AND COMPLEX TECHNOLOGY, AS WELL AS ITS TELEVISION PROGRAMS AND WEBSITE AND ITS PUBLICATION, NATIONAL DRAGSTER, WHICH IS PUBLISHED TO PROVIDE FULL COVERAGE DURING THE RACING SEASON. THROUGH THESE EVENTS AND ACTIVITIES THE ASSOCIATION WORKS TO INCREASE THE SIZE AND INVOLVEMENT OF THE BUSINESSES WHICH ARE PART OF THE DRAG RACING INDUSTRY AND WHICH ULTIMATELY SUPPORT THE SPORT AND ITS PARTICIPANTS BOTH ON THE RACER AND SPECTATOR LEVEL. THE ASSOCIATION ALSO PROVIDES A FULL SPECTRUM OF RACING OPPORTUNITIES BEGINNING AT THE JR. DRAG RACING LEAGUE LEVEL WHERE GIRLS AND BOYS AS YOUNG AS FIVE MAY PARTICIPATE, TO THE GRASS ROOTS "STREET LEGAL" LEVEL, AND PROGRESSING ALL THE WAY TO VEHICLES WITH SPEEDS OVER 300 MPH. THE ASSOCIATION PROMOTES THE CAREER AND EDUCATIONAL OPPORTUNITIES AVAILABLE IN THE INDUSTRY THROUGH ITS INNOVATIVE YOUTH AND EDUCATION SERVICES PROGRAM WHICH EXPOSES SEVERAL THOUSAND HIGH SCHOOL STUDENTS TO CAREER OPPORTUNITIES IN THE SPORT. THE ASSOCIATION TYPICALLY ALSO CONDUCTS A DEDICATED ANNUAL CAREER OPPORTUNITIES FAIR. THE ASSOCIATION ESTABLISHES RULES THAT GOVERN COMPETITION INCLUDING RULES AND STANDARDS THAT ARE DESIGNED TO ENHANCE SAFETY IN THE SPORT AS WELL AS PROMOTE FAIR COMPETITION. THE ASSOCIATION CONTINUALLY ANALYZES AND LEARNS FROM EXPERIENCE GAINED FROM OVER SEVEN DECADES OF SANCTIONING THE SPORT AND INFORMATION GARNERED FROM THE THOUSANDS OF EVENTS CONDUCTED EACH YEAR. THE ASSOCIATION ANALYZES AND TRIES TO ANTICIPATE THE NEED FOR CHANGES IN GUIDELINES APPLICABLE TO RACE TRACK FACILITIES, AND STANDARDS FOR RACE VEHICLES, PERSONAL PROTECTIVE EQUIPMENT AND THE CONDUCT OF EVENTS. THE ASSOCIATION ANALYZES INCIDENTS AND SHARES ITS EXPERIENCE TO IMPROVE SAFETY AND BENEFIT THE SPORT. THE ASSOCIATION WORKS WITH THE INDUSTRY IT REPRESENTS IN THE DEVELOPMENT OF PARTS AND EQUIPMENT FOR RACE VEHICLES AND ENCOURAGES MANUFACTURERS TO CONTINUE TO BE INNOVATIVE IN THE DEVELOPMENT OF SAFETY ORIENTED EQUIPMENT, WITH TECHNOLOGY THAT CAN BE USED NOT ONLY IN RACE VEHICLES BUT FOR EVERYDAY PASSENGER CARS AS WELL. AS PART OF ITS MISSION TO IMPROVE SAFETY IN THE SPORT OF DRAG RACING, THE ASSOCIATION ALSO WORKS ON FACILITY ISSUES AND IMPROVEMENTS THROUGHOUT A BROAD NETWORK OF AFFILIATED TRACKS THROUGHOUT NORTH AMERICA. THE ASSOCIATION SHARES INFORMATION WITH OWNERS AND OPERATORS OF VARIOUS RACING FACILITIES REGARDING IMPROVEMENTS AIMED TO IMPROVE SAFETY AS WELL AS IMPROVE THE CONDUCT OF EVENTS, AND THEREBY ATTRACT MORE PARTICIPANTS AND SPECTATORS. THE ASSOCIATION DEVOTES SUBSTANTIAL RESOURCES TO IMPROVING RACING FACILITIES AND HELPING TRACK OWNERS AND OPERATORS PROMOTE PROGRAMS WHICH ARE LIKELY TO ATTRACT MORE SPONSORS, SPECTATORS AND PARTICIPANTS ALIKE. THE ASSOCIATION OWNS AND MAINTAINS A SMALL NUMBER OF RACING FACILITIES TO PRESERVE THE RIGHT TO RACE AND PROVIDE RACING VENUES IN CERTAIN GEOGRAPHICAL AREAS AS WELL AS TO USE AS A PROVING GROUND FOR PROGRAMS AND INITIATIVES THAT IMPROVE ITS ABILITY TO PERFORM ITS ROLE AS A SANCTIONING BODY. THE ASSOCIATION'S PUBLICATION, NATIONAL DRAGSTER, PROVIDES IN-DEPTH INFORMATION TO TENS OF THOUSANDS OF MEMBERS AND TO EVEN MORE PASS-ALONG READERS. INFORMATION IS PROVIDED TO THOUSANDS OF MEMBERS AND NONMEMBERS THROUGH THE ASSOCIATION'S WEBSITES, NHRA.COM. AND NHRARACER.COM. THE PUBLICATION SHOWCASES THE LATEST IN AUTOMOTIVE TECHNOLOGY, RACE COVERAGE, INTERVIEWS, NEWS, STATISTICS AND ADVERTISING TO SPECTATORS, COMPETITORS, SPONSORS, TRACK OPERATORS, HOBBYISTS, ENTHUSIASTS AND OTHERS. THE PRINTED AND ONLINE PUBLICATION IS DISTRIBUTED TO PROVIDE FULL COVERAGE DURING THE RACING SEASON AND HAS THE LARGEST READERSHIP OF ALL DRAG RACING PUBLICATIONS AND THE INTERNET WEBSITE IS ALSO WIDELY VIEWED. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 943 0 1 1128 1 1 1 0 0 0 0 0 0 0 X 5 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA IN X CHEYENNE HUANG 6269144761 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 GLEN CROMWELL PRESIDENT 40.00 0.00 X X 897135 0 42495 PETER CLIFFORD CEO/BOARD CHAIRMAN 40.00 0.00 X X 640140 0 29561 MICHAEL COHEN BOARD MEMBER 1.00 0.00 X 75000 0 0 EDWIN DESSER SECRETARY 1.00 0.00 X X 75000 0 0 LEE ANN GLIHA BOARD MEMBER 1.00 0.00 X 75000 0 0 CHEYENNE HUANG ACTING TREASURER 40.00 1.00 X 179776 0 11024 JOSHUA PETERSON VP RACING ADMINISTRATION 40.00 0.00 X 372713 0 31527 LINDA LOUIE VP & GENERAL COUNSEL 40.00 0.00 X 915126 0 57757 BRADLEY GERBER VP SALES & CHIEF DVPMT 40.00 1.00 X 692429 0 13934 NED WALLISER VP COMPETITION 40.00 0.00 X 372491 0 57121 STEPHEN REINTJES VP BROADCASTING 40.00 0.00 X 289004 0 53049 EVAN JONAT VP LIVE EVENTS 40.00 1.00 X 268544 0 54467 GRAHAM LIGHT FORMER SECRETARY 1.00 0.00 X 166684 0 0 5019042 0 350935 73 1 1 0 GAME CREEK VIDEO LLC 23 EXECUTIVE DRIVE HUDSON NH 03051 TV PRODUCTION 1592248 3G WIRELESS LLC 501 MCCORMICK DRIVE SUITE B GLEN BURNIE MD 21061 TV PRODUCTION 1094652 SPORTVISION INC 3511 UNIVERSITY DRIVE DURHAM NC 27707 TV PRODUCTION 976851 LEARFIELD SUB LLC 2400 DALLAS PARKWAY SUITE 100 PLANO TX 75093 TICKETING PROGRAM & ADVERTISING 818953 ENTERPRISE HOLDINGS INC PO BOX 840173 KANSAS CITY MO 64184 CAR RENTAL SERVICE 604592 45 350000 350000 ADMISSION & SPONSORSHIPS 711210 71798567 63624478 8174089 LICENSES & FEES 900099 16526917 16526917 MEMBERSHIP DUES 900099 2595763 2595763 CONCESSIONS 900099 2153729 2153729 93074976 1057819 1057819 3629471 3629471 259818 157081 102737 102737 102737 51616 39285 12331 12331 OTHER REVENUE 900099 1009573 1009573 1009573 99236907 82747158 8174089 7965660 10405 2429371 166684 17846151 397649 1587363 1386800 678271 250000 3480454 8512503 11663501 217338 2081407 5202759 204107 1741092 1459197 PRIZE MONEY & AWARDS 22284411 TRACK OPERATORS 7381174 FACILITY IMPROVEMENTS 1557606 FOOD/DRINK CONCESSIONS 1311102 2225478 94074823 14480875 18154166 3247093 2669714 1015478 2016473 64773490 42614713 22078512 22158777 24557657 33390528 4837061 1710422 70216676 80100080 8839907 12815927 10803833 10922349 1046592 1080124 20690332 24818400 X 49526344 55281680 49526344 55281680 70216676 80100080 5162084 593252 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2956977 2956977 36940417 21169089 15771328 11788521 9873190 1915331 12633592 11572434 1061158 453983 453983 22158777 DUE TO RELATED PARTY 392352 OPERATING LEASE LIABILITIES 687772 1080124 X PART X, LINE 2: NHRA IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISIONS. VISION IS EXEMPT FROM FEDERAL INCOME AND CALIFORNIA FRANCHISE TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THE CORRESPONDING CALIFORNIA PROVISIONS. THE ASSOCIATION IS SUBJECT TO INCOME TAXES FOR UNRELATED BUSINESS INCOME REALIZED IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES. THERE WAS NO INCOME TAX FOR UNRELATED BUSINESS INCOME IN CONNECTION WITH UNRELATED BUSINESS ACTIVITIES IN 2023. THE ASSOCIATION, UNDER PROVISIONS OF THE FASB ASC 740, INCOME TAXES, HAD NO UNCERTAIN TAX POSITIONS REQUIRING ACCRUAL AS OF DECEMBER 31, 2023. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 1 4 PROGRAM SERVICES CONDUCTING MOTORSPORT EVENTS 77239 1 4 0 0 1 4 77239 0 77239 0 0 0 0 0 0 PART I, LINE 3: ACCRUAL 1 RPM MINISTRY INC PO BOX 833298 RICHARDSON TX 750833298 810650744 501(C)(3) 6000 0 GRANT ASSISTANCE 1 0 PART I, LINE 2: DURING THE REGULAR COURSE OF BUSINESS, THE ASSOCIATION MAKES DONATIONS TO VARIOUS CHARITABLE ORGANIZATIONS. GIVEN THE DE MINIMIS AMOUNTS DONATED, THE ASSOCIATION DOES NOT SPECIFY HOW THESE FUNDS ARE TO BE USED NOR MONITOR HOW THESE FUNDS ARE USED, BY THE RECEIVING ORGANIZATION, HOWEVER, THE ASSOCIATION UNDERSTANDS THAT SUCH FUNDS ARE USED IN ACCORDANCE WITH EACH ORGANIZATION'S STATED MISSION. X X 1 1 X X X X X 0 0 0 LINDA LOUIE VP & GENERAL COUNSEL 398929 0 495550 0 20647 0 13200 0 44557 0 972883 0 0 0 GLEN CROMWELL PRESIDENT 595092 0 263425 0 38618 0 13200 0 29295 0 939630 0 0 0 BRADLEY GERBER VP SALES & CHIEF DVPMT 589660 0 87750 0 15019 0 13200 0 734 0 706363 0 0 0 PETER CLIFFORD CEO/BOARD CHAIRMAN 413232 0 184080 0 42828 0 13200 0 16361 0 669701 0 0 0 NED WALLISER VP COMPETITION 287332 0 55875 0 29284 0 13200 0 43921 0 429612 0 0 0 JOSHUA PETERSON VP RACING ADMINISTRATION 266931 0 74436 0 31346 0 13200 0 18327 0 404240 0 0 0 STEPHEN REINTJES VP BROADCASTING 230058 0 47000 0 11946 0 11480 0 41569 0 342053 0 0 0 EVAN JONAT VP LIVE EVENTS 187559 0 60000 0 20985 0 10400 0 44067 0 323011 0 0 0 CHEYENNE HUANG ACTING TREASURER 135817 0 27000 0 16959 0 6647 0 4377 0 190800 0 0 0 GRAHAM LIGHT FORMER SECRETARY 120000 0 0 0 46684 0 0 0 0 0 166684 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL: UPGRADES MAY BE PURCHASED BY VICE-PRESIDENTS AND ABOVE. TRAVEL FOR BUSINESS PURPOSES IS NOT INCLUDED IN TAXABLE WAGES. GROSS-UP PAYMENT: GROSS-UP PAYMENTS WERE PROVIDED FOR VICE PRESIDENTS AND ABOVE, QUALIFIED FIELD DIRECTORS, AND RACETRACK GENERAL MANAGERS FOR TAXES RELATING TO BUSINESS VEHICLES. SCHEDULE J: "BONUS AND INCENTIVE COMPENSATION" INCLUDES (A) BONUSES AND (B) AS APPLICABLE, COMMISSIONS BASED ON SALES, ALL OF WHICH, WHEN COMBINED WITH BASE AND OTHER COMPENSATION, CREATE A REASONABLE TOTAL COMPENSATION PACKAGE. BONUS AMOUNTS ARE DETERMINED BY MANAGEMENT AND APPROVED BY THE COMPENSATION COMMITTEE AND/OR THE BOARD OF DIRECTORS. COMMISSION AMOUNTS ARE DETERMINED BY THE SALES PLAN FOR EACH APPLICABLE YEAR. IT IS IMPORTANT FOR NHRA TO BE ABLE TO RECRUIT AND RETAIN HIGHLY QUALIFIED EMPLOYEES WHOSE EXPERIENCE AND PERFORMANCE ENABLE NHRA TO PROVIDE THE COMPLEX AND VARIED SERVICES NECESSARY TO SUPPORT THE ASSOCIATION'S OPERATIONS AND MEET THE VARYING NEEDS OF THE DRAG RACING COMMUNITY. THE OPERATIONS OF NHRA ARE EXTENSIVE AND INVOLVE MANY FACETS, SUCH AS COMPLEX RULEMAKING, LOGISTICS, AND EVENT MANAGEMENT, INCLUDING THE COORDINATION OF MULTIPLE EVENTS IN MULTIPLE LOCATIONS, SETTING POLICIES FOR THOUSANDS OF RACERS, PROMOTING THE SPORT TO MILLIONS OF FANS, OVERSEEING ESSENTIAL SAFETY STANDARDS, PUBLICATIONS, SOCIAL MEDIA, TELEVISION AND MEDIA RELATIONS, EXTENSIVE TRAVEL, COORDINATING A LARGE WORKFORCE, TRACK AND FACILITY MANAGEMENT, RISK MANAGEMENT, AND RELATED ISSUES. ACCORDINGLY, THE ORGANIZATION HAS RECRUITED ITS LEADERS PRIMARILY FROM THOSE WITH EXPERIENCE IN MAJOR FOR-PROFIT ORGANIZATIONS. NHRA BELIEVES THAT EXPERIENCE, CONTINUITY, AND INDUSTRY RELATIONSHIPS ARE CRITICAL IN ITS ORGANIZATION, AND THUS NHRA STRUCTURES EXECUTIVE COMPENSATION TO ENCOURAGE LONG-TERM COMMITMENTS FROM AND RETENTION OF EXECUTIVES. WHILE NHRA DOES NOT EXPECT TO PAY COMPENSATION THAT IS FULLY COMPETITIVE WITH FOR-PROFIT ORGANIZATIONS, THE BOARD HAS RECOGNIZED THAT, TO ATTRACT AND RETAIN THE NEEDED QUALITY OF LEADERSHIP, ITS MANAGEMENT COMPENSATION MUST BE COMPETITIVE WITH SIMILARLY COMPLEX NONPROFIT ORGANIZATIONS. IN SETTING COMPENSATION, NHRA HAS USED AN OUTSIDE EXPERT IN ANALYZING COMPENSATION ISSUES TO HELP GUIDE AND VALIDATE THE COMPENSATION PROCESS, AS WELL AS A COMMITTEE OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE COMPENSATION OF NHRA'S TOP EXECUTIVES IS REVIEWED ANNUALLY BY THE BOARD. THE PRESIDENT'S AND CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS. FOR TOP EXECUTIVES INCLUDING THE CEO, CASH COMPENSATION IS COMPRISED OF BASE SALARY AND A BONUS COMPONENT, THE AMOUNT OF WHICH IS BASED ON COMPLEMENTING THE BASE SALARY TO CREATE A COMPETITIVE AND APPROPRIATE ANNUAL COMPENSATION PACKAGE. COMPENSATION IS ANALYZED IN CONJUNCTION WITH MANY FACTORS INCLUDING COMPARABLE COMPENSATION IN THE JOB MARKET, INDIVIDUAL PERFORMANCE, AND THE ORGANIZATION'S OVERALL PERFORMANCE. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM AND SUBMITTED TO THE ORGANIZATION FOR REVIEW AND APPROVAL FOR SUBMISSION. THE ORGANIZATION REVIEWS THE DRAFT FORM 990 AND DISTRIBUTES THE DRAFT TO ALL MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AND THEN THE FORM 990 IS APPROVED BY THE TREASURER FOR SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES (INCLUDING OFFICERS THAT ARE EMPLOYEES OF NHRA) ARE RESPONSIBLE FOR FOLLOWING THE CONFLICT OF INTEREST POLICY. MANAGEMENT IS RESPONSIBLE FOR ENFORCING COMPLIANCE WITH THE POLICY. THE COMPANY ALSO HAS A PROCEDURE IN PLACE THAT ALLOWS EMPLOYEES TO BRING ANY MATTER THEY FEEL MAY BE A PROBLEM TO MANAGEMENT'S ATTENTION. ANNUALLY RECORDS AND DOCUMENTATION ARE REVIEWED TO IDENTIFY ANY POTENTIAL CONFLICT OF INTEREST, AND IF A POTENTIAL CONFLICT OF INTEREST IS IDENTIFIED, MANAGEMENT REVIEWS THE POTENTIAL CONFLICT TO ENSURE PROPER APPROVALS HAVE BEEN OBTAINED AND IF NOT TAKE APPROPRIATE ACTION AS REQUIRED. ON AN ANNUAL BASIS, EACH MEMBER OF THE BOARD SHALL BE PROVIDED WITH A COPY OF THE POLICY, AND SHALL COMPLETE AND SIGN AN ACKNOWLEDGEMENT AND DISCLOSURE FORM. EACH DIRECTOR SHALL DISCLOSE ANY AND ALL FACTS THAT MAY BE CONSTRUED AS A CONFLICT OF INTEREST, BOTH THROUGH THE ANNUAL DISCLOSURE PROCESS AND WHENEVER SUCH ACTUAL OR POTENTIAL CONFLICT OCCURS. THE NON-INTERESTED BOARD MEMBERS WILL DETERMINE WHETHER OR NOT A CONFLICT OF INTEREST EXISTS, AND WHETHER OR NOT SUCH CONFLICT MATERIALLY AND ADVERSELY AFFECTS THE INTERESTS OF NHRA. A DIRECTOR WHOSE POTENTIAL CONFLICT IS UNDER REVIEW MAY NOT VOTE OR OTHERWISE PARTICIPATE IN SUCH DETERMINATION. IF THE BOARD DETERMINES THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST DOES EXIST, THE BOARD SHALL ALSO DETERMINE AN APPROPRIATE REMEDY. SUCH REMEDY MAY INCLUDE, FOR EXAMPLE, THE RECUSAL OF THE CONFLICTED DIRECTOR FROM PARTICIPATING IN CERTAIN MATTERS PENDING BEFORE THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS DETERMINED BY ANALYZING SALARY SURVEYS, OTHER ORGANIZATIONS' FORM 990S, PERIODIC COMPENSATION ANALYSIS BY INDEPENDENT COMPENSATION ANALYSTS, AND ANALYSIS BY A COMMITTEE OF INDEPENDENT MEMBERS OF THE BOARD OF DIRECTORS. THE PROCESS IS DOCUMENTED IN THE MEETING MINUTES. IT WAS MOST RECENTLY DONE IN 2024 AND CURRENTLY PENDING RESULTS. SEE SCHEDULE J PART III SUPPLEMENTAL INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE NOT AVAILABLE TO THE PUBLIC. NHRA VISION 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 943021388 CHARITABLE AND EDUCATIONAL ACTIVITIES RELATED TO THE SPORT OF DRAG RACING CA 501(C)(3) LINE 7 NHRA 1 NHRA IGNITION 140 VIA VERDE SUITE 100 SAN DIMAS CA 91773 873379350 CHARITABLE ACTIVITIES CA 501(C)(3) LINE 7 NHRA 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 NHRA VISION P 522357 FMV