2024-10-07T20:09:57-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 760677933 NETWORK OF EXECUTIVE WOMEN INC NETW 3122570379 1301 YORK ROAD 800 LUTHERVILLE MD 21093 LISA BAIRD PRESIDENT & CEO 3122570379 2024-10-07 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-10-15 13:58:12Z X NEXTUP LISA BAIRD 1301 YORK ROAD 800 LUTHERVILLE MD 21093 10678946 0 X WWW.NEXTUPISNOW.ORG X 2001 MD ADVANCE WOMEN, GROW BUSINESS & TRANSFORM OUR INDUSTRY'S WORKPLACE THROUGH THE POWER OF COMMUNITY. 18 18 49 751 0 0 604617 630927 9879502 10011919 24708 36100 0 0 10508827 10678946 0 0 0 0 5274249 6150610 0 0 590273 6774173 6756561 12048422 12907171 -1539595 -2228225 5015900 2485310 2150770 1829760 2865130 655550 X ADVANCE WOMEN, GROW BUSINESS & TRANSFORM OUR INDUSTRY'S WORKPLACE THROUGH THE POWER OF COMMUNITY. 0 0 9321984 10009971 FOUNDED IN 2001 AS A 501(C)(3) NONPROFIT ASSOCIATION, NEXTUP PARTNERS WITH NATIONAL AND LOCAL ORGANIZATIONS TO DELIVER HANDS-ON LEADERSHIP OPPORTUNITIES, NETWORKING, AND LEARNING PROGRAMS DEDICATED TO ADVANCING ALL WOMEN. 2023 WAS A YEAR OF CHANGE AND GROWTH FOR NEXTUP. WE TOOK OUR ORGANIZATION TO NEW HEIGHTS AND SHOWED THE STRENGTH OF OUR AMAZING NETWORK AT A RECORD-BREAKING SUMMIT! WITH A SOLD-OUT CROWD OF 1500+! WE LEARNED, WE LAUGHED, AND WERE DELIGHTED BY INCREDIBLE SURPRISES LIKE BARBIE BECOMING AN OFFICIAL MEMBER. SUMMIT WAS THE CAPSTONE OF A POWERHOUSE YEAR WHERE WE CAME TOGETHER MORE THAN EVER BEFORE. OUR REGIONS HOSTED A NEW HIGH OF 214 EVENTS IN 2023, WITH ROUGHLY 18,000 REGISTRANTS (CONTINUED ON SCHEDULE O) AND OUR HQ LEARNING EVENTS CONNECTED WITH ANOTHER 18,000 MORE.2023 ALSO SAW THE LAUNCH OF THE 'YOU ARE NEXTUP' CAMPAIGN, FEATURING POSTERS OF DOZENS OF OUR AMAZING MEMBERS AND ALLIES AS THE HEROES THEY ARE. NEXTUP IS NOTHING WITHOUT OUR NETWORK OF 17,000+ WOMEN AND ADVOCATES, AND 'YOU ARE NEXTUP' TRULY SHOWS THE BREADTH OF OUR COMMUNITY. FROM FUTURE NEXTUP MEMBERS TO THE C-SUITE, 'YOU ARE NEXTUP' IS ABOUT YOU - THE BEATING HEART OF OUR ORGANIZATION.IN 2023, WE BEGAN A SIGNIFICANT TRANSFORMATION TO REBUILD OUR RESOURCES THROUGH: INCREASED DONOR SUPPORT AND REVENUE GROWTH; REDUCED ADMINISTRATIVE EXPENSES; AND IMPROVED MEMBER EXPERIENCE. WE HAVE PLANTED "GREEN SHOOTS" TO DEEPEN MEMBER ENGAGEMENT, WHILE RE-DIRECTING LIMITED RESOURCES TOWARD OUR MOST CRITICAL PRIORITIES. OUR VOLUNTEERS REMAIN OF CORE IMPORTANCE TO OUR MODEL, MANAGING MEMBERSHIP, PROGRAMMING, AND EVENTS FOR OUR CORPORATE PARTNERS AND REGIONS. THIS STRONG FOUNDATION IN A MEMBER-FIRST MODEL, ANCHORED BY 21 REGIONS, AND OVER 17,000+ WOMEN AND ADVOCATES THAT CONTINUES TO GROW.WHILE WE WERE ABLE TO STABILIZE AND TURNAROUND REVENUE IN THE SECOND HALF OF 2023, ECONOMIC HEADWINDS CONTINUED TO CHALLENGE OUR CULTIVATION OF NEW BUSINESS PARTNERSHIPS AND DONOR CONTRIBUTIONS. NONETHELESS, THE COMMITMENT OF OUR MEMBERS, STAFF, VOLUNTEERS, AND CORPORATE PARTNERS SOLIDIFIES OUR PLEDGE TO THE RESOURCES, TECHNOLOGY, AND VALUE PROPOSITION THAT WILL HELP US MEET THE EVOLVING NEEDS OF OUR EXISTING STAKEHOLDERS AND ATTRACT NEW ONES.THROUGH IT ALL, WE FORWARDED OUR MISSION. WE PUSHED FORWARD ALONGSIDE THE CORPORATE PARTNERS WHO MAKE OUR WORK POSSIBLE, THE VOLUNTEERS WHO SUPPORT OUR WORK EVERY STEP OF THE WAY, THE AMBASSADORS WHO GET THEIR TEAMS ENGAGED, AND THE MEMBERS, WHO ARE NEXTUP. 9321984 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 89 0 1 49 1 0 1 CA 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AR CA FL GA IL MI MN NY NC PA TN VA X KRISTI ALLEN 3122570379 1301 YORK ROAD 800 LUTHERVILLE MD 21093 ABBE LUERSMAN CHAIR 5.00 X X 0 0 0 DAGMAR BOGGS VICE CHAIR 5.00 X X 0 0 0 BETH MARRION TREASURER 5.00 X X 0 0 0 MELODY RICHARD SECRETARY 5.00 X X 0 0 0 MONICA TURNER IMMEDIATE PAST CHAIR 1.50 X 0 0 0 CHAU BANKS DIRECTOR 1.50 X 0 0 0 CHRISTINA BIENIEK DIRECTOR 1.50 X 0 0 0 MARLA DAUDELIN DIRECTOR 1.50 X 0 0 0 WENDY DAVIDSON DIRECTOR 1.50 X 0 0 0 SARAH DODD DIRECTOR 1.50 X 0 0 0 VERONICA FERNANDEZ DIRECTOR 1.50 X 0 0 0 TONYA HERRING DIRECTOR 1.50 X 0 0 0 VALERIE JABBAR DIRECTOR 1.50 X 0 0 0 DIANA MARSHALL DIRECTOR 1.50 X 0 0 0 ANDI MARSTON DIRECTOR 1.50 X 0 0 0 SRI RAJAGOPALAN DIRECTOR 1.50 X 0 0 0 MIKE THEILMANN DIRECTOR 1.50 X 0 0 0 LIBBY WRIGHT DIRECTOR 1.50 X 0 0 0 SARAH ALTER PRESIDENT & CEO (UNTIL 4/2023) 40.00 X 215627 0 10125 TAMIKO OLABINTAN COO (UNTIL 7/2023) 40.00 X 394878 0 21883 CAROL JONES VP, FIN. & ADMIN. (UNTIL 4/2023) 40.00 X 83922 0 2764 LISA BAIRD PRESIDENT & CEO (FROM 4/2023) 40.00 X 258115 0 26011 KRISTI ALLEN VP, FIN. & ADMIN. (FROM 5/2023) 40.00 X 132796 0 10587 LAURIE GREER VP, P'SHIP & MBR ENG (UNTIL 12/2023) 40.00 X 289158 0 39761 DANIT L SCHLEMAN VP, STRATEGY 40.00 X 245681 0 22500 KAREN JONES VP, LEARNING & DEVELOPMENT 40.00 X 235945 0 35747 KUNLE OBIDYA VP, TECHNOLOGY & ANALYTICS 40.00 X 196492 0 3417 STUART CLAXTON VP, MARKETING 40.00 X 184235 0 21772 2236849 0 194567 18 0 1 0 HEARTWOOD HEALING LLC 10240 176TH ST WEST LAKEVILLE MN 55044 EVENT MANAGEMENT 198234 1 191588 439339 110813 630927 EDUCATIONAL/NETWORKING 900099 6174035 6174035 MEMBERSHIP DUES 900099 3835936 3835936 PROGRAM RELATED SALES 900099 1948 1948 10011919 36100 36100 10678946 10009971 0 38048 1156709 115671 809696 231342 4149355 3000820 1054667 93868 101576 75287 24511 1778 328004 215135 99165 13704 414966 246485 143832 24649 1864 988 410 466 65541 65541 11825 11825 518563 282776 111510 124277 472184 290217 180081 1886 511127 285313 137633 88181 146960 102872 39679 4409 4545170 4454267 90903 1625 974 555 96 CREDIT LOSS 192169 192169 CREDIT CARD FEES 178382 178382 PAYROLL FEES 62377 37051 21621 3705 MISCELLANEOUS 18216 10922 6221 1073 30558 24824 4895 839 12907171 9321984 2994914 590273 2951869 322144 252492 264441 541855 292273 240402 438244 1029282 1168208 5015900 2485310 1092253 807846 1058517 1021914 2150770 1829760 X 1405594 129961 1459536 525589 2865130 655550 5015900 2485310 X -2228225 126601 -107956 X 0 1 X 1 0 X 2782838 672894 3865962 604617 630927 8557238 2782838 672894 3865962 604617 630927 8557238 1814804 6742434 31593 21905 29504 24708 36100 143810 1948 1948 8702996 38829222 0.77470 0.77060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 11003322 126601 209600 336201 10667121 11825 11825 10678946 13104946 209600 209600 12895346 11825 11825 12907171 NORTH AMERICA 0 0 PROGRAM SERVICES REGIONAL GROUP ACTIVITIES INCLUDING LEARNING EVENTS AND OTHER ACTIVITIES TO BUILD LEADERSHIP SKILLS AND CREATE LASTING RELATIONSHIPS. 43348 0 0 0 0 0 0 43348 0 43348 0 0 0 0 0 0 X X 1 0 0 0 0 0 0 1 0 TAMIKO OLABINTAN COO (UNTIL 7/2023) 165716 0 74662 0 154500 0 5003 0 16880 0 416761 0 0 0 LAURIE GREER VP, P'SHIP & MBR ENG (UNTIL 12/2023) 230098 0 59060 0 0 0 30000 0 9761 0 328919 0 0 0 LISA BAIRD PRESIDENT & CEO (FROM 4/2023) 258115 0 0 0 0 0 19504 0 6507 0 284126 0 0 0 KAREN JONES VP, LEARNING & DEVELOPMENT 192516 0 43429 0 0 0 5014 0 30733 0 271692 0 0 0 DANIT L SCHLEMAN VP, STRATEGY 195810 0 49871 0 0 0 22500 0 0 0 268181 0 0 0 SARAH ALTER PRESIDENT & CEO (UNTIL 4/2023) 119166 0 96461 0 0 0 0 0 10125 0 225752 0 0 0 STUART CLAXTON VP, MARKETING 184235 0 0 0 0 0 2705 0 19067 0 206007 0 0 0 KUNLE OBIDYA VP, TECHNOLOGY & ANALYTICS 190168 0 6324 0 0 0 3417 0 0 0 199909 0 0 0 PART I, LINE 4A TAMIKO OBLITAN RECEIVED SEVERANCE OF $154,500. PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED MERIT-BASED BONUS PAYMENTS: - SARAH ALTER $96,461 - TAMIKO OBLITAN $74,662 - CAROL JONES $56,248 - LAURIE GREER $59,060 - DANIT L. SCHLEMAN $49,871 - KAREN JONES $43,429 - KUNLE OBIDYA $6,324 X REGIONAL PRODUCTS 73 110813 FMV 0 0 0 0 PART I, COLUMN (B): THIS COLUMN REPORTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 6 NEXTUP HAS APPROXIMATELY 17,139 INDIVIDUAL MEMBERS WHO ARE ABLE TO PARTICIPATE IN THE EDUCATIONAL AND LEADERSHIP DEVELOPMENT ACTIVITIES OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY MANAGEMENT. PRIOR TO FILING THE FORM 990, THE NEXTUP GOVERNING BOARD RECEIVED A COPY OF THE FILING. FORM 990, PART VI, SECTION B, LINE 12C 1. IF THE BOARD DETERMINES THAT A PARTICULAR RELATIONSHIP OR TRANSACTION REPRESENTS AN ACTUAL, POTENTIAL OR APPARENT CONFLICT OF INTEREST, IT SHALL RESOLVE SUCH ACTUAL, POTENTIAL OR APPARENT CONFLICT IN ONE OF THE FOLLOWING MANNERS: A. WAIVE THE ACTUAL, POTENTIAL OR APPARENT CONFLICT AS UNLIKELY TO AFFECT THE DIRECTOR'S ABILITY TO ACT IN THE BEST INTERESTS OF NEW. B. DETERMINE THAT THE DIRECTOR SHOULD BE RECUSED FROM ALL DELIBERATIONS AND DECISION-MAKING RELATED TO THE PARTICULAR TRANSACTION WHICH GIVES RISE TO THE ACTUAL, POTENTIAL OR APPARENT CONFLICT. C. DETERMINE THAT THE DIRECTOR MUST RESIGN FROM HIS/HER SERVICE TO NEW BECAUSE THE ACTUAL, POTENTIAL OR APPARENT CONFLICT IS SO PERVASIVE THAT THE DIRECTOR WOULD SELDOM, IF EVER, LIKELY BE ABLE TO ACT IN THE BEST INTERESTS OF NEW. 2. THE FOLLOWING PROCEDURE IS APPLICABLE TO ALL INSTANCES IN WHICH A DIRECTOR (OR THE DIRECTOR'S COMPANY, ORGANIZATION OR ANOTHER ENTITY FOR WHICH THE DIRECTOR SERVES IN A LEADERSHIP, EMPLOYMENT OR OWNERSHIP CAPACITY, OR A MEMBER OF THE DIRECTOR'S FAMILY) SEEKS TO PROVIDE GOODS OR SERVICES TO NEW AS A PAID VENDOR, OR SEEKS TO RECEIVE A SIGNIFICANT GRANT OR CONTRACT FOR ONE OF THE THREE ORGANIZATIONS. A. THE DIRECTOR MUST DISCLOSE TO THE BOARD IN ADVANCE OF ANY RELATED ACTION TO BE TAKEN BY THE BOARD HIS/HER INTENT TO SEEK TO PROVIDE GOODS OR SERVICES AS A PAID VENDOR TO NEW, OR RECEIVE A GRANT OR CONTRACT FROM NEW; B. AFTER DISCLOSURE, THE DIRECTOR MAY MAKE A PRESENTATION TO THE BOARD REGARDING THE PROPOSED TRANSACTION OR ARRANGEMENT, BUT AFTER SUCH PRESENTATION, THE DIRECTOR MUST RECUSE HIMSELF/HERSELF FROM ALL DELIBERATIONS AND VOTING RELATED TO THE CONTEMPLATED ACTION; C. IF THE VALUE OF THE TRANSACTION EXCEEDS $5,000, NEW MUST, THROUGH A REQUEST FOR PROPOSAL PROCESS, HAVE SOLICITED PROPOSALS BROADLY FROM OTHER QUALIFIED VENDORS/ PROSPECTIVE GRANT OR CONTRACT RECIPIENTS AND RECEIVED (OR ATTEMPTED TO RECEIVE) WRITTEN BIDS FROM AT LEAST THREE SUCH INDIVIDUALS/ ENTITIES (INCLUDING THE DIRECTOR); D. AFTER EXERCISING DUE DILIGENCE, THE BOARD SHALL EXERCISE ITS BEST EFFORTS TO DETERMINE WHETHER NEW CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST; E. THE BOARD MUST DETERMINE (WITHOUT THE PRESENCE OR PARTICIPATION OF THE DIRECTOR), UPON ADVICE OF ITS COUNSEL AND BY A MAJORITY VOTE OF THEDISINTERESTED MEMBERS OF THE BOARD, THAT THE TRANSACTION OR ARRANGEMENT IS FAIR AND REASONABLE AND IN NEW'S BEST INTEREST BASED ON ALL OF THE FACTS AND CIRCUMSTANCES, AND SUCH DETERMINATION (INCLUDING THE FACT THAT IS WAS MADE IN THE ABSENCE OF THE DIRECTOR) SHALL BE DOCUMENTED AS PART OF THE RELEVANT MEETING MINUTES (ALL COMPETING BIDS RECEIVED SHOULD BE RETAINED AS WELL); AND F. IF SELECTED, THE DIRECTOR MAY NOT PARTICIPATE IN ANY PROCESS BY WHICH HIS/HER PERFORMANCE AS A VENDOR/GRANT OR CONTRACT RECIPIENT IS EVALUATED. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT & CHIEF EXECUTIVE OFFICER'S COMPENSATION IS REVIEWED ANNUALLY WORKING WITH A COMPENSATION CONSULTING GROUP AND A COMPENSATION COMMITTEE WHICH IS ESTABLISHED BY THE BOARD OF DIRECTORS. THE BOARD OF DIRECTORS ARE INDEPENDENT. EXTERNAL DATA IS RECEIVED FROM THE AMERICAN SOCIETY OF ASSOCIATION EXECUTIVES AND PRM TO SUBSTANTIATE AND SUPPORT THE COMPENSATION LEVEL. THE COMPENSATION COMMITTEE CHAIR MAKES CHANGE RECOMMENDATIONS TO THE FIVE OFFICERS OF THE BOARD. THE APPROVED INCREASES/CHANGES ARE PRESENTED TO THE BOARD. COMPENSATION CHANGES FOR OTHER EMPLOYEES IS BASED ON THEIR LEVEL. FOR THE TOP THREE EXECUTIVES REPORTED ON THE FORM 990 BELOW THE CEO/PRESIDENT, THE COMPENSATION COMMITTEE CHAIR WITH INPUT FROM THE CEO/PRESIDENT MAKES CHANGE RECOMMENDATIONS TO THE FIVE OFFICERS OF THE BOARD. THE APPROVED INCREASES ARE PRESENTED TO THE BOARD. FOR OTHER VICE PRESIDENTS AND ABOVE THE CEO/PRESIDENT WITH THE FIVE OFFICERS OF THE BOARD APPROVE ANY CHANGES. THE LAST COMPENSATION REVIEW TOOK PLACE IN NOVEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE NETWORK OF EXECUTIVE WOMEN, INC. MAKES ITS GOVERNING DOCUMENTS AND ITS CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC ON THEIR WEBSITE. THE FINANCIAL STATEMENTS ARE NOT AVAILABLE FOR PUBLIC INSPECTION. FORM 990, PART XI, LINE 9: ADOPTION OF CREDIT LOSS STANDARD -107,956.