2024-04-08T11:44:14-05:00 2023-06-30 946214841 ARMANINO LLP 6 CITYPLACE DRIVE SUITE 900 ST LOUIS MO 63141 990 2022-07-01 237028816 NAT ASSOC OF ELECTRICAL DISTRIBUTORS EDUCATION & RESEARCH FOUNDATION INC NATA 3149919000 1181 CORPORATE LAKE DRIVE ST LOUIS MO 63132 WES SMITH NAED PRESIDENT & CEO 3149919000 2024-04-04 1 WES SMITH 999009999 0 JENNIFER M VACHA P01251998 3149831200 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MICHELLE MCNAMARA 1181 CORPORATE LAKE DRIVE ST LOUIS MO 63132 8216828 0 X WWW.NAED.ORG/FUTUREFUND X 1969 NY PROVIDE INFORMATION AND TRAINING PRODUCTS FOR DISTRIBUTORS, MANUFACTURERS, AND THEIR CUSTOMERS 7 7 0 350 0 0 164995 4095933 1751247 2053723 1357845 457354 0 0 3274087 6607010 0 0 0 0 887392 910612 145226 350000 564609 1071562 1266871 2104180 2527483 1169907 4079527 19969630 25141594 457539 543329 19512091 24598265 THE NAED EDUCATION & RESEARCH FOUNDATION PROVIDES INFORMATION AND TRAINING PRODUCTS THAT CREATE THE MOST EFFECTIVE CHANNEL TO THE MARKET FOR DISTRIBUTORS, MANUFACTURERS, AND THEIR CUSTOMERS. 0 0 1644620 2053723 THE FOUNDATION PROVIDES NUMEROUS EDUCATIONAL OPPORTUNITIES FOR THOSE INTERESTED IN OR CONNECTED TO THE ELECTRICAL DISTRIBUTION INDUSTRY. THE NAED LEARNING CENTER PROVIDES VARIOUS LEVELS OF INDUSTRY SEMINARS AND CURRICULUMS INCLUDING COUNTER SALES, FINANCE/CREDIT, NEW EMPLOYEE ONBOARDING, INSIDE/OUTSIDE SALES, PURCHASING AND WAREHOUSING. THE EPEC (ELECTRICAL PRODUCTS EDUCATION COURSE) HAS HAD 15,034 GRADUATES AND IS THE CORNERSTONE OF SALES AND PRODUCT TRAINING IN THE INDUSTRY. RESEARCH TOOLS ARE ALSO AVAILABLE INCLUDING BENCHMARKING, PROFITABILITY, CHANNEL MATTERS, ENERGY/SUSTAINABILITY, HR/TALENT, LEGAL, SALES/MARKETING AND TECHNOLOGY. 1644620 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 27 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 X THE ORGANIZATION 3149919000 1181 CORPORATE LAKE DRIVE ST LOUIS MO 63132 THOMAS NABER NAED PRESIDENT & CEO (RES. 06/23) 1.00 39.00 X X 0 590260 37922 PHIL HALE CHAIRMAN (EFF. 05/23) 1.00 1.00 X 0 0 0 KYLE KRIZAN PAST CHAIRMAN (EFF. 05/23) 1.00 1.00 X 0 0 0 JASON STEIN FORMER PAST CHAIRMAN (EFF. 05/23) 1.00 1.00 X 0 0 0 BRIAN DIBELLA MEMBER-AT-LARGE (TERM 05/23) 1.00 0.00 X 0 0 0 FARIYAL KHANBABI MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 LURA MCBRIDE MEMBER-AT-LARGE (TERM 05/23) 1.00 0.00 X 0 0 0 MIKE MONTANARI MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 ROBERT NINKER MEMBER-AT-LARGE (TERM 05/23) 1.00 0.00 X 0 0 0 CHRIS SCARBROUGH MEMBER-AT-LARGE (TERM 05/23) 1.00 0.00 X 0 0 0 ANDY WARING MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 AMANDA WITHAM MEMBER-AT-LARGE 1.00 0.00 X 0 0 0 MICHELLE MCNAMARA SR. VP/NERF EXEC. DIRECTOR 20.00 20.00 X 0 383943 26713 TIM DENCKER VP FINANCE/TREASURER (RES. 05/23) 1.00 39.00 X 0 331020 25934 IAN REYNOLDS GEN. LEGAL COUNSEL/SECRETARY 1.00 39.00 X 0 227145 24245 0 1532368 114814 0 0 1 0 ASSOCIATION DEVELOPMENT SOLUTIONS 40 SHUMAN BLVD STE 300 NAPERVILLE IL 60563 DEVELOPMENT CONSULTING 264735 MIDWEST PERFORMANCE DEVELOPMENT 1600 S BRENTWOOD BLVD STE 210 ST LOUIS MO 63144 MARKETING 149850 GOLD RESEARCH 8000 IH 10 WEST STE 600 SAN ANTONIO TX 78230 RESEARCH-MARKET DATA 105000 3 X 4095933 4095933 EPEC/EDGE 611710 1123422 1123422 LEARNING MGMT SYSTEM 611710 537125 537125 SEMINARS 611710 393176 393176 2053723 359165 359165 1708007 1609078 740 98929 -740 98189 98189 6607010 2053723 0 457354 X 183533 89931 89931 3671 572327 359043 71695 141589 16614 10651 2091 3872 88822 54662 15698 18462 49316 30525 9815 8976 1173 1173 19770 19770 350000 350000 35482 35482 714100 714100 3460 2455 1005 85153 72706 12327 120 83024 42390 20477 20157 45107 31422 13685 21806 14515 7291 62964 31482 15741 15741 8083 4041 2021 2021 EDUCATIONAL EXPENSES 186393 186393 RESEARCH & DEVELOPMENT 356 304 52 2527483 1644620 318254 564609 X 1027811 43540 105475 2241487 2826933 349627 273680 117849 108620 310896 253821 120779 57075 17524676 18257418 723413 1332841 19969630 25141594 220473 277838 237066 265491 457539 543329 X 6487110 8162329 13024981 16435936 19512091 24598265 19969630 25141594 4079527 1006647 0 X 0 1 X 1 0 X X X 1 NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS INC 222864272 10 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: THE ORGANIZATION DOES NOT ANNUALLY CONFIRM THAT THE SUPPORTED ORGANIZATION SATISFIES THE SECTION 509(A)(2) PUBLIC SUPPORT TESTS, BECAUSE IT DOES NOT ANNUALLY PROVIDE MONETARY SUPPORT DIRECTLY TO THE SUPPORTED ORGANIZATION. RATHER, THE SUPPORTING ORGANIZATION CARRIES ON ACTIVITIES THAT SUPPORT THE MEMBERSHIP OF THE SUPPORTED ORGANIZATION. IN YEARS IN WHICH THE SUPPORTING ORGANIZATION PROVIDES MONETARY SUPPORT, IT WILL CONFIRM THE SUPPORTED ORGANIZATION WOULD SATISFY THE SECTION 509(A)(2) PUBLIC SUPPORT TESTS. PART IV, SECTION A, LINE 3C: AS MENTIONED ABOVE, THE ORGANIZATION DOES NOT ANNUALLY PROVIDE MONETARY SUPPORT DIRECTLY TO THE SUPPORTED ORGANIZATION. RATHER, THE SUPPORTING ORGANIZATION CARRIES ON ACTIVITIES THAT SUPPORT THE MEMBERSHIP OF THE SUPPORTED ORGANIZATION. IN YEARS IN WHICH THE SUPPORTING ORGANIZATION PROVIDES MONETARY SUPPORT, IT WILL IMPLEMENT APPROPRIATE MEASURES TO ENSURE THAT SUCH SUPPORT IS USED SOLELY FOR CHARITABLE PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12944118 12500 1004627 433105 13528140 14424337 5000 -1095174 390045 12944118 11593477 5000 3199885 374025 14424337 11880373 10000 41721 338617 11593477 8692998 5000 3534436 352061 11880373 0.00000 1.00000 0.00000 0 0 310896 253821 57075 57075 DUE FROM AFFILIATES 1332841 1332841 X 7614397 1006647 740 1007387 6607010 0 6607010 2528223 740 740 2527483 0 2527483 PART V, LINE 4: THE GENERAL OBJECTIVE OF THE INVESTMENT POLICY IS PRESERVATION AND GROWTH OF CAPITAL THROUGH PORTFOLIO INVESTMENTS. THE ENDOWMENT FUND INCOME IS TO BE USED FOR RESEARCH AND DEVELOPMENT PROJECTS. PART X, LINE 2: FOOTNOTE FROM COMBINED FINANCIAL STATEMENTS FOR THE ORGANIZATIONS (COLLECTIVELY THE NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS, INC., THE NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS EDUCATION AND RESEARCH FOUNDATION, INC., CEP CERTIFICATION, LLC AND NAED MEMBER SERVICES, LLC): THE ASSOCIATION QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(6). THE FOUNDATION QUALIFIES UNDER INTERNAL REVENUE CODE SECTION 509(A)(3). THE ORGANIZATIONS HAVE ADDRESSED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR INCOME TAXES. IN THAT REGARD, THE ORGANIZATIONS HAVE EVALUATED THEIR TAX POSITIONS, EXPIRING TAX STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS AND BELIEVE THAT NO PROVISION FOR INCOME TAXES IS NECESSARY, AT THIS TIME, TO COVER ANY UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 740. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON DISPOSAL OF PROPERTY AND EQUIPMENT 740. X 1 ASSOCIATION DEVELOPMENT SOLUTIONS 40 SHUMAN BLVD STE 300 NAPERVILLE IL 60563 DEVELOPMENT CONSULTANT 0 0 350000 0 350000 1 0 0 0 0 0 0 0 0 THOMAS NABER NAED PRESIDENT & CEO (RES. 06/23) 0 501473 0 86864 0 1923 0 9150 0 28772 0 628182 0 0 MICHELLE MCNAMARA SR. VP/NERF EXEC. DIRECTOR 0 333600 0 50343 0 0 0 8750 0 17963 0 410656 0 0 TIM DENCKER VP FINANCE/TREASURER (RES. 05/23) 0 279358 0 51662 0 0 0 7971 0 17963 0 356954 0 0 IAN REYNOLDS GEN. LEGAL COUNSEL/SECRETARY 0 194765 0 32380 0 0 0 5352 0 18893 0 251390 0 0 PART I, LINE 4A THOMAS NABER, NAED PRESIDENT & CEO SEVERANCE: $382,597 UNUSED/PAID VACATION: $46,390 FORM 990, PART VI, SECTION B, LINE 11B THE FINANCE COMMITTEE IS PROVIDED A COPY OF THE FORM 990 FOR REVIEW. CHANGES, IF ANY, ARE COMMUNICATED AND INCORPORATED INTO THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS AND DIRECTORS ARE REQUIRED TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST POLICY IS DISCUSSED EACH YEAR AT THE ANNUAL BOARD MEETING. ANY POTENTIAL CONFLICTS OF INTEREST ARISING AFTER THE BOARD MEETING ARE TO BE DISCLOSED AS PROMPTLY AS FEASIBLE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT DIRECTLY COMPENSATE ANY EMPLOYEES. ALL COMPENSATION IS PAID FROM A RELATED NON-CHARITABLE EXEMPT ORGANIZATION WHICH MAINTAINS A COMPENSATION POLICY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION HANDLES REQUESTS FOR GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND THE CONFLICT OF INTEREST POLICY ON A CASE BY CASE BASIS. FORM 990, PART VIII, LINE 1F: A DISCOUNT ON PLEDGES RECEIVABLE HAS BEEN RECORDED IN THE TOTAL CONTRIBUTIONS RECEIVED, WHILE THE TOTAL CONTRIBUTIONS ON SCHEDULE B OF THE FORM 990 REFLECT THE TOTAL PLEDGE AMOUNTS. FORM 990, PART IX, LINE 11G CAP SERVICES: PROGRAM SERVICE EXPENSES 372,156. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 372,156. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 227,066. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 227,066. EPEC REVIEW: PROGRAM SERVICE EXPENSES 103,710. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 103,710. NAED LEARNING CENTER CONTRACT LABOR AND FEES: PROGRAM SERVICE EXPENSES 11,168. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 11,168. NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS INC 1181 CORPORATE LAKE DRIVE ST LOUIS MO 63132 222864272 SHARING KNOWLEDGE AMONG WHOLESALERS AND MFGS OF ELECTRICAL SUPPLIES CT 501(C)(6) N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NATIONAL ASSOCIATION OF ELECTRICAL DISTRIBUTORS INC P 609428 CASH VALUE