2024-09-12T10:55:59-05:00 2023-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-01-01 521866840 NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION NATI 2024293191 1 M STREET SE WASHINGTON DC 20003 MICHELLE DUKE PRESIDENT 2024293191 2024-09-10 1 0 KRISTEN BARNETT P01234578 8133162300 2024-09-10 2023 2024-08-08 14:25:15Z MICHELLE DUKE 1 M STREET SE WASHINGTON DC 20003 1788196 0 X NABFOUNDATION.ORG X 1994 DC THE FOUNDATION IS DEDICATED TO REINFORCING THE FUTURE OF BROADCASTING THROUGH A COMMITMENT TO EDUCATION AND TO ADVANCING EXCELLENCE IN THE DIVERSITY AND COMMUNITY SERVICE EFFORTS OF OUR INDUSTRY. 21 21 0 90 0 0 908188 504595 1036765 1185901 -62154 81758 21160 15942 1903959 1788196 42250 71500 0 0 1144104 888523 0 0 77925 558650 1022731 1745004 1982754 158955 -194558 4633273 5066651 398580 559758 4234693 4506893 X NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION (THE FOUNDATION) IS DEDICATED TO REINFORCING THE FUTURE OF BROADCASTING THROUGH A COMMITMENT TO EDUCATION AND ADVANCING EXCELLENCE IN THE DIVERSITY AND COMMUNITY EFFORTS OF OUR INDUSTRY. 0 0 756743 591543 CELEBRATION OF SERVICE TO AMERICA (STA) : THE CELEBRATION OF STA GALA, HELD EACH YEAR, RECOGNIZES LOCAL RADIO AND TELEVISION BROADCASTERS FOR OUTSTANDING PUBLIC SERVICE. IN ADDITION TO RECOGNIZING STATIONS FOR SERVICING THEIR LOCAL COMMUNITIES, THE LEADERSHIP AWARD IS PRESENTED TO A PUBLIC FIGURE OUTSIDE OF THE BROADCASTING INDUSTRY IN RECOGNITION OF HIS OR HER HUMANITARIAN WORK. THE CELEBRATION IS PRODUCED INTO A TELEVISION SHOW THAT AIRS ON STATIONS NATIONWIDE. 364538 20000 242876 BROADCAST LEADERSHIP TRAINING (BLT): THE EXECUTIVE MBA-STYLE PROGRAM IS HELD ONE WEEKEND PER MONTH AT NAB'S HQ IN WASHINGTON, DC. FACULTY INCLUDE MEDIA BROKERS, FINANCIAL EXPERTS, VENTURE CAPITALISTS, PROMINENT BROADCASTERS, MANAGEMENT EXPERTS, FCC COMMISSIONERS AND COLLEGE PROFESSORS. BLT PROGRAM HELPS IN EXPANDING THE NUMBER OF BROADCAST OWNERS AND SENIOR EXECUTIVES FROM DIVERSE BACKGROUNDS. 156702 8500 127500 MEDIA SALES ACADEMY (MSA): MSA PROGRAM TRAINS RECENT COLLEGE GRADUATES DURING AN INTENSIVE TRAINING PROGRAM, WHERE THE STUDENTS LEARN ABOUT WINNING SALES STRATEGIES, NETWORKING, PRESENTING EFFECTIVE PITCHES AND CLOSING SALES. AT THE END OF THE PROGRAM, STUDENT MAKE MOCK SALES PRESENTATIONS TO RECRUITING COMPANIES. MANY STUDENTS WHO PARTICIPATE ARE HIRED FOR MEDIA SALES POSITIONS. MSA TRAINS COLLEGE JUNIORS THROUGH RECENT COLLEGE GRADUATES. 167797 11000 193774 TECHNOLOGY APPRENTICESHIP PROGRAM (TAP) IS DESIGNED TO TRAIN AND INFORM STUDENTS ON ENGINEERING, INFORMATION SYSTEMS AND EMERGING TECHNOLOGIES IN BROADCASTING, INCLUDING AWS CLOUD-BASED INSTRUCTION. THE PROGRAM IS ROOTED IN WORKFORCE DEVELOPMENT AND PARTICIPANTS WILL INTERACT WITH SUBJECT MATTER EXPERTS, RANGING FROM FORMER GRADUATES TO SENIOR MANAGERS TO RECRUITERS. THERE IS AN EMPHASIS ON DEVELOPING AND MAXIMIZING YOUR SKILL SETS TO PREPARE YOU FOR OPEN POSITIONS AT LOCAL STATIONS. 152824 32000 EMERSON COLEMAN FELLOWSHIP 162748 30208 OUTREACH 483369 43000 223982 1761352 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 42 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 21 21 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ AK CA CO CT FL GA HI ID IL KS KY MD MA ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X TEA GENNARO TREASURER 2024293191 1 M STREET SE WASHINGTON DC 20003 DARRELL BROWN BOARD CHAIR (TO 11/30/23) 1.00 X 0 0 0 ARTIE ALTMAN BOARD DIRECTOR 1.00 X 0 0 0 CAROLINE BEASLEY BOARD DIRECTOR 1.00 X 0 0 0 TONY COLES BOARD DIRECTOR 1.00 X 0 0 0 JAN GOLDSTEIN BOARD DIRECTOR 1.00 X 0 0 0 KIM GUTHRIE BOARD DIRECTOR (TO 12/31/23) 1.00 X 0 0 0 TAMRON HALL BOARD DIRECTOR 1.00 X 0 0 0 REBECCA HANSON BOARD DIRECTOR 1.00 X 0 0 0 JULIE KOEHN BOARD DIRECTOR 1.00 2.00 X 0 0 0 BRIAN LAWLOR BOARD DIRECTOR 1.00 2.00 X 0 0 0 DEDE LEA BOARD DIRECTOR (TO 3/31/23) 1.00 2.00 X 0 0 0 DAVID LOUGEE BOARD DIRECTOR (TO 3/31/23) 1.00 X 0 0 0 DUJUAN MCCOY BOARD DIRECTOR 1.00 2.00 X 0 0 0 WENDY MCMAHON BOARD DIRECTOR 1.00 X 0 0 0 BETH NEUHOFF BOARD DIRECTOR (TO 3/31/23) 1.00 X 0 0 0 W LAWRENCE PATRICK BOARD DIRECTOR (TO 3/31/23) 1.00 2.00 X 0 0 0 KEVIN PERRY BOARD DIRECTOR 1.00 2.00 X 0 0 0 CRAIG ROBINSON BOARD DIRECTOR 1.00 X 0 0 0 MELODY SMALLS BOARD DIRECTOR 1.00 X 0 0 0 EMERSON COLEMAN BOARD DIRECTOR (TO 1/31/23) 1.00 X 0 0 0 PAUL CURRAN JR BOARD DIRECTOR (TO 2/28/23) 1.00 X 0 0 0 CATHERINE BADALAMENTE BOARD DIRECTOR 1.00 2.00 X 0 0 0 LYNN BEALL BOARD DIRECTOR 1.00 2.00 X 0 0 0 JOESPH DISCIPIO BOARD DIRECTOR 1.00 X 0 0 0 CHAD MATTHEWS BOARD DIRECTOR 1.00 X 0 0 0 MARIAN PITTMAN BOARD DIRECTOR 1.00 X 0 0 0 DAVE SANTRELLA BOARD DIRECTOR 1.00 2.00 X 0 0 0 JORDAN WERTLIEB BOARD DIRECTOR 1.00 X 0 0 0 KAREN WISHART BOARD DIRECTOR 1.00 X 0 0 0 CURTIS LEGEYT DIRECTOR 3.00 57.00 X 0 2502096 34362 TEA GENNARO NABLF TREASURER 3.00 57.00 X 0 540050 33870 RICHARD KAPLAN NABLF COUNSEL 3.00 57.00 X 0 1369779 34362 IRETA DUKE PRESIDENT 42.31 12.69 X 268212 80478 18965 TIM DOTSON DIRECTOR OF DEVELOPMENT 55.00 X 203920 0 26970 472132 4492403 148529 0 0 1 0 RIDGEWELLS INC 5522 DORSEY LANE BETHESDA MD 20816 CATERING 100110 1 250000 254595 504595 SERVICE TO AMERICA 900099 591543 591543 SPONSORSHIP REVENUE 900099 383982 383982 REGISTRATION INCOME 900099 210376 210376 1185901 81758 81758 13692 13692 OTHER REVENUE 990009 2250 2250 2250 1788196 801919 0 481682 71500 71500 513691 420994 25685 67012 305690 295148 6801 3741 15877 13654 794 1429 1029 885 51 93 52236 44923 2612 4701 15896 13359 2537 3886 3886 123624 123624 2862 158 2704 59045 31853 27192 11550 9439 1162 949 203444 159028 44416 2778 2334 444 EVENT OPERATION & PROD. 582867 574453 8414 OTHER 16779 16779 1982754 1761352 143477 77925 1119570 566804 85833 23334 37967 133325 21827 20457 84815 84815 2778 0 3365298 4322731 4633273 5066651 122224 44903 276356 514855 398580 559758 X 3777440 4065678 457253 441215 4234693 4506893 4633273 5066651 -194558 466758 0 X X 0 1 X 1 0 X 690835 364361 447444 908188 504595 2915423 691637 692698 979390 1036765 1185901 4586391 1382472 1057059 1426834 1944953 1690496 7501814 356650 272100 272500 292750 334825 1528825 27938 174540 60885 207850 685860 1157073 384588 446640 333385 500600 1020685 2685898 4815916 100627 81977 71448 91502 95450 441004 100627 81977 71448 91502 95450 441004 74000 2250 76250 1483099 1139036 1572282 2036455 1788196 8019068 0.60060 0.90830 0.05500 0.05890 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 74,000. 2023 AMOUNT: $ 2,250. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84815 84815 0 0 X 2821849 466758 566895 1033653 1788196 0 1788196 2549649 566895 566895 1982754 0 1982754 PART X, LINE 2: NABLF HAS BEEN RECOGNIZED AS EXEMPT BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FROM FEDERAL INCOME TAX ON ANY INCOME EXCEPT UNRELATED BUSINESS INCOME. NABLF HAS BEEN CLASSIFIED AS PUBLICLY SUPPORT ORGANIZATION, NOT A PRIVATE FOUNDATION, UNDER SECTION 509(A)(2). 1 BROADCAST LEADERSHIP TRAINING 19 20000 TECHNOLOGY APPRENTICESHIP PROGRAM 32 11000 MEDIA SALES ACADEMY 14 8500 EMERSON COLEMAN FELLOWSHIP 5 32000 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO PARTICIPATE IN NABLF PROGRAMS AND IS MONITORED AT EACH PROGRAM. 0 0 0 1 0 0 0 0 0 CURTIS LEGEYT DIRECTOR 0 2240026 0 250000 0 12070 0 11250 0 23112 0 2536458 0 0 RICHARD KAPLAN NABLF COUNSEL 0 1186890 0 180000 0 2889 0 11250 0 23112 0 1404141 0 0 TEA GENNARO NABLF TREASURER 0 464420 0 75000 0 630 0 11250 0 22620 0 573920 0 0 IRETA DUKE PRESIDENT 247291 74200 19230 5770 1691 508 7852 2356 6736 2021 282800 84855 0 0 TIM DOTSON DIRECTOR OF DEVELOPMENT 166023 0 35477 0 2420 0 8023 0 18947 0 230890 0 0 0 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. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY CREATE COMMITTEE(S) CONSISTING OF DIRECTORS OR OTHER PERSONS, WHICH COMMITTEE(S) SHALL HAVE SUCH AUTHORITY AS THE BOARD OF DIRECTORS MAY BY LAW AND THE BYLAWS DIRECT. FORM 990, PART VI, SECTION B, LINE 11B REVIEW IS PERFORMED BY NABLF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C NABLF STAFF REVIEW AND SIGN A CONFLICT OF INTEREST/BUSINESS ETHICS POLICY THAT PROVIDES GUIDANCE ON AVOIDING CONFLICTS OF INTEREST, AVOIDING UNDUE INFLUENCE, AND LIMITATIONS ON ACCEPTANCE OF GIFTS. A SERIOUS CONFLICT OF INTEREST WOULD BE BROUGHT TO THE ATTENTION OF THE NABLF PRESIDENT OR THE CHAIRMAN OF THE NABLF BOARD FOR RESOLUTION. ANY CONFLICTS NOT RESOLVED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE AND/OR EXECUTIVE COMMITTEE. DIRECTORS SHOULD PROMOTE ETHICAL BEHAVIOR AND TAKE STEPS TO ENSURE THAT NABLF, ENCOURAGES EMPLOYEES TO TALK TO APPROPRIATE PERSONS WHEN IN DOUBT ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR ETHICAL SITUATION AND TO REPORT VIOLATIONS OR SUSPECTED VIOLATIONS OF LAW OR CODE OF CONDUCT, AS THE SAME TIME ASSURE EMPLOYEES THAT NABLF WILL NOT ALLOW RETALIATION FOR REPORTING POSSIBLE VIOLATIONS OF LAW OR THIS CODE OF CONDUCT IN GOOD FAITH. THE BOARD WILL ENSURE THAT THE NABLF OFFICERS AND EMPLOYEES ARE ADVISED OF PROCEDURES FOR REPORTING POTENTIAL VIOLATIONS. DIRECTORS SHOULD REPORT ANY SUSPECTED VIOLATIONS OF THIS CODE PROMPTLY TO THE CHAIR OF THE BOARD OF NABLF, PRESIDENT AND/OR TO THE TREASURER. ALLEGED VIOLATIONS WILL BE INVESTIGATED BY THE BOARD (EXCLUDING THE DIRECTOR WHO IS ALLEGED TO HAVE COMMITTED THE VIOLATION) OR BY A PERSON OR PERSONS DESIGNATED BY THE BOARD, AND APPROPRIATE ACTION TAKEN IN THE EVENT OF A VIOLATION. SANCTIONS MAY BE IMPOSED IF THERE IS A VIOLATION, COMMENSURATE WITH THE DEGREE OF THE VIOLATION, AND MAY INCLUDE CAUTIONARY ADMONITION, PRIVATE CENSURE, REQUEST FOR REMEDIAL ACTION, PUBLIC CENSURE, REQUEST FOR RESIGNATION, REMOVAL FROM THE BOARD OR SUCH OTHER ACTION AS THE BOARD SHALL DEEM APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 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. FORM 990, PART VI, SECTION C, LINE 19 NABLF DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC EXCEPT AT ITS DISCRETION ON A CASE BY CASE BASIS, AND ONLY FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. NATIONAL ASSOCIATION OF BROADCASTERS 1 M STREET WASHINGTON DC 20003 530114600 ADVOCACY AND EDUCATION FOR RADIO & TV BROADCASTING DE 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NATIONAL ASSOCIATION OF BROADCASTERS C 250000 CASH NATIONAL ASSOCIATION OF BROADCASTERS N 67369 COST ALLOCATION NATIONAL ASSOCIATION OF BROADCASTERS P 1071905 COST BASIS NATIONAL ASSOCIATION OF BROADCASTERS O 311025 COST BASIS