2025-02-05T13:41:53-06:00 2024-03-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2023-04-01 521270412 NACS FOUNDATION NACS 4407757777 528 EAST LORAIN STREET OBERLIN OH 44074 FRANK J SULEN CFO 4407757777 2025-02-05 1 0 CHRISTOPHER B ANDERSON P00226559 2163630100 2023 2025-03-06 01:10:19Z FRANK J SULEN 528 E LORAIN ST OBERLIN OH 44074 952435 0 X WWW.NACS.ORG X 1982 DC TO SUPPORT INITIATIVES AND EDUCATIONAL PROGRAMS OF THE NATIONAL ASSOCIATION OF COLLEGE STORES AND PROVIDE RESEARCH THAT ADDRESSES ISSUES OF IMPORTANCE TO THE COLLEGE STORE INDUSTRY. 12 12 0 35 0 0 414225 39093 23485 2995 -6500 117045 0 0 431210 159133 239192 211196 0 0 0 0 0 0 61680 533911 529471 773103 740667 -341893 -581534 3090056 2481994 502163 338367 2587893 2143627 X THE NACS FOUNDATION SUPPORTS INITIATIVES THAT MAKE THE NATIONAL ASSOCIATION OF COLLEGE STORES' (NACS) EDUCATIONAL PROGRAMS ACCESSIBLE TO A WIDER RANGE OF PROFESSIONALS, ENABLES RESEARCH THAT ADDRESSES ISSUES OF FUNDAMENTAL IMPORTANCE TO THE COLLEGE STORE INDUSTRY AND BUILDS STRATEGIC PARTNERSHIPS IN SUPPORT OF NACS. 0 0 484795 211196 0 NACS PROFESSIONAL DEVELOPMENT GRANTS: GRANTS TO INDIVIDUALS TO ATTEND NACS ANNUAL MEETING AND OTHER EDUCATIONAL COURSES AND GRANTS TO NACS TO PROVIDE EDUCATIONAL PROGRAMS TO MEMBERS. 35000 0 2995 CONDUCTING AND DISSEMINATING RESEARCH TO THE COLLEGE STORE INDUSTRY ON SUCH TOPICS AS THE BUYING HABITS OF STUDENTS AND A SALARY AND BENEFITS SURVEY. 519795 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 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 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X FRANK J SULEN 4407757777 528 E LORAIN ST OBERLIN OH 44074 BETH CHRISTIAN PRESIDENT 1.00 X 0 0 0 DAVE GLIVA DIRECTOR 1.00 X 0 0 0 LISA GRAY DIRECTOR 1.00 X 0 0 0 GENTA GUITRON DIRECTOR 1.00 X 0 0 0 KEVIN HANNEGAN DIRECTOR 1.00 X 0 0 0 HELEN NAKOS DIRECTOR 1.00 X 0 0 0 RIP SCOTT DIRECTOR 1.00 X 0 0 0 LUANNE KELLY DIRECTOR 1.00 X 0 0 0 STEVEN WESTENBROEK PRESIDENT-ELECT 1.00 X 0 0 0 TRAVIS COCHRAN IMMED.PAST PRESIDENT 1.00 X 0 0 0 CASSIE WHERRY DIRECTOR 1.00 X 0 0 0 POLLY GRAPES DIRECTOR 1.00 X 0 0 0 FRANK SULEN CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 334506 16669 EDWARD L SCHLICHENMAYER CEO 1.00 40.00 X 0 444699 21014 0 779205 37683 0 0 1 0 0 39093 39093 SURVEYS,RESEARCH&OTHER 900099 2995 2995 2995 60347 60347 850000 793302 56698 56698 56698 159133 2995 0 117045 163944 163944 47252 47252 411201 226160 123361 61680 18600 18600 5426 5426 21600 21600 27452 17407 10045 3006 3006 6375 6375 RESEARCH 35000 35000 MISCELLANEOUS 811 811 740667 519795 159192 61680 6000 0 10800 10800 282640 151953 137062 130687 2936194 2340507 3090056 2481994 502163 338367 502163 338367 X 2297807 1823314 290086 320313 2587893 2143627 3090056 2481994 -581534 137268 0 X 0 1 X 1 0 X X 1 NATIONAL ASSOCIATION OF COLLEGE STORES 340711559 10 1 163944 0 1 163944 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART I, LINE 12G(III): THE FOUNDATION SUPPORTS NATIONAL ASSOCIATION OF COLLEGE STORES (NACS), WHICH IS A SECTION 501(C)(6) ORGANIZATION. ALTHOUGH THE QUESTIONS IN PART IV, LINE 3 ALLOW FOR A SUPPORTING ORGANIZATION RELATIONSHIP TO EXIST BETWEEN A SECTION 501(C)(3) ENTITY AND A SECTION 501(C)(6) ENTITY, PART I, LINE 12G(III) DOES NOT ALLOW US TO INDICATE THAT THE SUPPORTED ORGANIZATION IS A SECTION 501(C)(6) ORGANIZATION. AS SUCH, WE HAVE USED CODE "10" FOR QUESTION 12G(III) SINCE NACS MEETS THE REQUIREMENTS OF SECTION 509(A)(2), AS SPECIFIED BELOW. PART IV, SECTION A, LINE 2: STATUS UNDER SEC. 509(A)(1) OR 509(A)(2) - NACS FOUNDATION SUPPORTS NATIONAL ASSOCIATION OF COLLEGE STORES (NACS), A SECTION 501(C)(6) TRADE ASSOCIATION. SINCE NACS IS NOT A SECTION 501(C)(3) ORGANIZATION, IT CANNOT OBTAIN A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ABOUT ITS STATUS UNDER SECTIONS 509(A)(1) OR 509(A)(2). HOWEVER, NACS ANNUALLY PERFORMS THE TEST UNDER SECTION 509(A)(2) AND SHARES INFORMATION ABOUT PASSING THIS TEST WITH NACS FOUNDATION. PART IV, SECTION A, LINE 3B: QUALIFICATION UNDER SEC. 501(C)(6) AND 509(A)(2) - NACS HAS A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6). AS STATED ABOVE, NACS ANNUALLY PERFORMS THE SUPPORT TESTS UNDER SECTION 509(A)(2) AND SHARES INFORMATION ABOUT PASSING THIS TEST WITH NACS FOUNDATION. PART IV, SECTION A, LINE 3C: SUPPORT USED FOR SECTION 170(C)(2)(B) PURPOSES - BECAUSE OF THE CLOSE RELATIONSHIP BETWEEN NACS AND NACS FOUNDATION, INCLUDING THE SHARING OF EMPLOYEES AND ACCOUNTING SOFTWARE, NACS FOUNDATION ENSURES THAT ITS SUPPORT IS USED BY NACS FOR EDUCATIONAL PURPOSES IN ACCORDANCE WITH SECTION 170(C)(2)(B). RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 138642 14447 153089 149061 -10419 138642 136854 12207 149061 112682 24172 136854 124016 -9160 2174 112682 0.00000 0.58619 0.41381 0 0 282640 151953 130687 130687 X 296401 137268 137268 159133 0 159133 740667 0 740667 0 740667 PART V, LINE 4: INTENDED USE OF ENDOWMENT FUNDS - THE FOUNDATION'S ENDOWMENTS PROVIDE FUNDING FOR RECOGNITION FOR INNOVATION IN THE INDUSTRY, EDUCATION FOR GENERAL BOOK SELLING, AND RECOGNITION OF EXCELLENCE IN COLLEGIATE RETAILING. PART X, LINE 2: FIN 48 (ASC 740) FOOTNOTE - INCOME TAXES: THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT WOULD BE MATERIAL TO THE FINANCIAL STATEMENTS. THE FOUNDATION'S FEDERAL TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. 1 NATIONAL ASSOCIATION OF COLLEGE STORES 500 E LORAIN ST OBERLIN OH 44074 340711559 501(C)(6) 163944 0 GENERAL 0 1 GRANTS TO ATTEND NACS ANNUAL MTG/CAMEX 46 47252 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - BECAUSE OF THE CLOSE "SUPPORTING ORGANIZATION" RELATIONSHIP THAT THE FOUNDATION HAS WITH NATIONAL ASSOCIATION OF COLLEGE STORES (NACS), THE FOUNDATION IS CERTAIN THAT ITS GRANTS ARE USED BY NACS FOR THE INTENDED PURPOSES. X X X X 0 0 0 0 0 0 0 0 0 EDWARD L SCHLICHENMAYER CEO 0 424010 0 0 0 20689 0 0 0 21014 0 465713 0 0 FRANK SULEN CHIEF FINANCIAL OFFICER 0 312528 0 0 0 21978 0 0 0 16669 0 351175 0 0 FORM 990, PART VI, SECTION A, LINE 7B APPROVAL OF DECISIONS - ALL CHANGES TO THE ORGANIZATION'S BYLAWS REQUIRE APPROVAL FROM THE NACS BOARD OF TRUSTEES. THE NACS BOARD OF TRUSTEES MUST ALSO RATIFY ALL NACS FOUNDATION BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B REVIEW OF FORM 990 - FORM 990 IS REVIEWED BY THE FOUNDATION'S AUDIT COMMITTEE WITH THE ASSISTANCE OF THE OUTSIDE PUBLIC ACCOUNTING FIRM. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - THE FOUNDATION HAS PROCEDURES IN PLACE TO MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY. IF A CONFLICT SHOULD ARISE, THE AFFECTED PERSONS ARE NOT PERMITTED TO VOTE ON THE MATTER OR PARTICIPATE IN THE DISCUSSIONS. THE DECISION IS MADE BY PERSONS WHO ARE INDEPENDENT OF THE INDIVIDUAL(S) WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL - ALL EMPLOYEES, INCLUDING OFFICERS AND KEY EMPLOYEES, ARE SUBJECT TO A WAGE AND SALARY ADMINISTRATION PROGRAM CONDUCTED BY NACS SERVICES COMPANY LLC, A RELATED ORGANIZATION. THIS PROGRAM INCLUDES THE USE OF AN OUTSIDE COMPENSATION CONSULTANT AND COMPARABILITY DATA. THE CHIEF EXECUTIVE OFFICER SET THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER. THE CEO IS INDEPENDENT OF THE PERSON FOR WHOM HE MADE COMPENSATION DECISIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE FOUNDATION'S FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. NATIONAL ASSOC OF COLLEGE STORES 500 E LORAIN ST OBERLIN OH 44056 340711559 TRADE ASSOC. OH 501(C)(6) N/A N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 NATIONAL ASSOC OF COLLEGE STORES B 163944 FMV NATIONAL ASSOC OF COLLEGE STORES M 411201 FMV