2026-06-16T13:56:00-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2025-01-01 131878953 NAFSA ASSOCIATION OF INTERNATIONAL EDUCATORS NAFS 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 FANTA AW CEO 2027373699 2026-06-12 1 ZACHARY SEGAL P01511850 3016529100 2026-06-11 2025 2025-03-06 01:10:19Z FANTA AW 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 41232101 0 X WWW.NAFSA.ORG X 1948 DC SEE SCHEDULE O.NAFSA IS THE WORLD'S LARGEST AND MOST COMPREHENSIVE NONPROFIT ASSOCIATION DEDICATED TO INTERNATIONAL EDUCATION AND EXCHANGE, WORKING TO ADVANCE POLICIES AND PRACTICES THAT ENSURE A MORE INTERCONNECTED, PEACEFUL WORLD TODAY AND FOR GENERATIONS TO COME. 19 19 80 500 139549 25977 1406501 2032651 17421199 18000760 644282 355002 5169 3370 19477151 20391783 164449 45675 0 0 7914118 8313331 0 0 473896 9674841 9912055 17753408 18271061 1723743 2120722 31671564 33646568 16426956 15599706 15244608 18046862 X SEE SCHEDULE O.NAFSA LEADS THE WAY IN ADVOCATING FOR A BETTER WORLD THROUGH INTERNATIONAL EDUCATION BY SERVING INTERNATIONAL EDUCATORS, THEIR INSTITUTIONS, AND THE PROFESSION, ADVANCING INTERNATIONAL EDUCATION IN INSTITUTIONS OF HIGHER EDUCATION, AND PROMOTING INTERNATIONAL EDUCATION AND THE POLICIES THAT SUSTAIN IT IN THE PUBLIC ARENA. THE ASSOCIATION HELPS DEFINE THE PROFESSION OF INTERNATIONAL EDUCATION BY ESTABLISHING PRINCIPLES OF GOOD PRACTICE AND PROVIDING PROFESSIONAL DEVELOPMENT OPPORTUNITIES. NAFSA ENCOURAGES NETWORKING AMONG PROFESSIONALS BY CONVENING PHYSICAL AND VIRTUAL CONFERENCES AND COLLABORATIVE DIALOGUES AND PROMOTES RESEARCH AND KNOWLEDGE CREATION TO STRENGTHEN AND SERVE THE FIELD. NAFSA SEEKS TO CONDUCT INTERNATIONAL EDUCATION IN SOCIALLY, ECONOMICALLY, AND ENVIRONMENTALLY SUSTAINABLE WAYS. 0 0 5765022 25674 11895404 CONFERENCES - THE ASSOCIATION PROVIDES VARIOUS WORKSHOPS AND MEETINGS THAT SERVE AS A FORUM FOR THE LATEST DEVELOPMENTS IN INTERNATIONAL EDUCATIONAL EXCHANGE. THESE MEETINGS OFFER A CONCENTRATED OPPORTUNITY FOR THE EXCHANGE OF IDEAS AND OFFER A NETWORK FOR SHARING INFORMATION AS IT SEEKS TO INCREASE AWARENESS OF AND SUPPORT FOR INTERNATIONAL EDUCATION. SINCE RETURNING TO IN-PERSON MEETINGS IN 2022 FOR ANNUAL CONFERENCE AND FALL REGIONAL EVENTS, NAFSA HAS SEEN ATTENDANCE LEVELS INCREASE FROM 60% OF PRE-PANDEMIC LEVELS TO OVER 80% OF PRE-PANDEMIC LEVELS. 5113587 20000 3993113 MEMBER PROGRAMS AND SERVICES - REPRESENTS EXPENSES RELATED TO THE PROVISION OF PROFESSIONAL PRACTICE SUPPORT INFORMATION TO MEMBERS, THE COORDINATION AND COMMUNICATION OF MEMBERSHIP BENEFITS TO THE MEMBERS AND PROSPECTIVE MEMBERS, AND THE PROVISION OF EDUCATIONAL ACTIVITIES DESIGNED TO SUPPORT PROFESSIONAL DEVELOPMENT BY PROMOTING CORE COMPETENCIES, MID-LEVEL TRAINING NEEDS, AND LEADERSHIP SYMPOSIUM PROGRAMMING TO THE FIELD. 1311624 1106122 REGIONAL PROGRAMS - REGIONAL PROGRAMS ARE COMPRISED PRIMARILY OF MEETING RELATED ACTIVITIES FOR SPECIFIC MEETINGS AND WORKSHOPS AT THE LOCAL LEVEL AS WELL AS TRAVEL ASSISTANCE FOR THE NEEDS OF NAFSA MEMBERS WITHIN THEIR RESPECTIVE GEOGRAPHIC AREAS. 1056557 8724 PUBLIC POLICY - REPRESENTS EXPENSES INCURRED TO LINK ASSOCIATION MEMBERS WITH CONGRESS AND FEDERAL AGENCIES, ADVOCATING FOR SUPPORT FOR THE EXCHANGE PROGRAMS, REMOVING BARRIERS TO EXCHANGE, AND INFORMING MEMBERSHIP OF GOVERNMENT ACTIONS AFFECTING EDUCATIONAL EXCHANGE. 773756 861061 PUBLICATIONS - THE ASSOCIATION MAINTAINS A WEBSITE AND PRODUCES VARIOUS PUBLICATIONS, MAGAZINES, AND NEWSLETTERS. THESE PUBLICATIONS REPRESENT THE ASSOCIATION'S COMMITMENT TO THE ONGOING ENHANCEMENT OF INTERNATIONAL EDUCATIONAL EXCHANGE. 1830313 869785 14020546 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 62 0 1 80 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 AL AR CA CT FL GA HI IL KS KY MA MD MI MN MS NC ND NH NJ NM NY OK OR PA RI SC TN VA WI WV X X X GILBERT DEANS CFO 2027373699 1425 K STREET NW SUITE 1200 WASHINGTON DC 20005 AHMAD M EZZEDDINE PHD PRESIDENT AND CHAIR 1.00 X X 0 0 0 AMANDA KELSO EDD BOARD MEMBER 1.00 X 0 0 0 COURTNEY BROWN PHD BOARD MEMBER 1.00 X 0 0 0 ELENA ANDERSON SECRETARY 1.00 X X 0 0 0 EYLEM ATAKAV BOARD MEMBER 1.00 X 0 0 0 FRANCIS RICCIARDONE BOARD MEMBER 1.00 X 0 0 0 JENNY BOWEN BOARD MEMBER 1.00 X 0 0 0 JOANNA REGULSKA PHD VICE PRESIDENT 1.00 X X 0 0 0 JULIE SINCLAIR PHD VICE PRESIDENT 1.00 X X 0 0 0 KATHERINE HAMMETT BOARD MEMBER 1.00 X 0 0 0 LAWRENCE SCHOVANEC PHD BOARD MEMBER 1.00 X 0 0 0 MALAIKA MARABLE SERRANO PHD BOARD MEMBER 1.00 X 0 0 0 MICHAEL PETER PELLETIER BOARD MEMBER 1.00 X 0 0 0 NANCY KIDD PHD TREASURER 1.00 X X 0 0 0 SAMANTHA LU VICE PRESIDENT 1.00 X X 0 0 0 SAMBA DIENG BOARD MEMBER 1.00 X 0 0 0 SHABEER H AMIRALI BOARD MEMBER 1.00 X 0 0 0 STEPHEN K APPIAH-PADI PHD DIRECTOR OF REGULATORY PRACTICE 1.00 X 0 0 0 TAMARA CUNNINGHAM BOARD MEMBER 1.00 X 0 0 0 FANTA AW EXECUTIVE DIRECTOR & CEO 35.00 X 437590 0 42046 GILBERT DEANS DEPUTY EXECUTIVE DIRECTOR, CFO 35.00 X 207733 0 51148 JILL ALLEN MURRAY DEPUTY E.D., PUBLIC POLICY 35.00 X 164650 0 52864 DOROTHEA ANTONIO DEPUTY E.D., KNOWLEDGE DEVELOPMENT 35.00 X 172808 0 27287 TATIANA MACKLIFF DEP. E.D., LPDS 35.00 X 170780 0 29360 CAROLINE WHITE SR. DIR., EDUCATION ABROAD SERVICES 35.00 X 150831 0 20649 DAVID FOSNOCHT DIR., IMMIGRATION PRACTICE RESOURCES 35.00 X 159954 0 47145 GREG OSBURN SENIOR DIRECTOR, TECHNOLOGY 35.00 X 153765 0 23181 JENNIFER HEINRITZ CONTROLLER/SENIOR DIRECTOR OF FIN. 35.00 X 150610 0 46007 JOANN NG HARTMANN SENIOR IMPACT OFFICER 35.00 X 154400 0 34520 1923121 0 374207 23 0 1 0 FREEMAN PO BOX 734596 DALLAS TX 753734596 CONFERECE DECORATING/PRODUCTION/AV 1142044 SODEXO LIVE 111 WEST HARBOR DRIVE SAN DIEGO CA 92101 CONFERENCE CATERING & OPENING RECEPTION 604090 MARRIOTT BUSINESS SERVICES CORP 333 WEST HARBOR DRIVE SAN DIEGO CA 92101 CONFERENCE CATERING & CLOSING RECEPTION 234734 MARCUM LLP 1899 L STREET NW WASHINGTON DC 20036 ACCOUNTING SERVICES/SAAS FOR ACCOUNTING 219965 SAN DIEGO CONVENTION CENTER CORPORATION 111 WEST HARBOR DRIVE SAND DIEGO CA 92101 CONVENTION CENTER RENT & PRODUCTION COST 215478 25 12500 2020151 2032651 CONFERENCE 900099 11895404 11895404 MEMBERSHIP DUES 900099 3122247 3122247 REGIONAL ACTIVITY 900099 1106122 1106122 PUBLICATIONS 513190 1000397 860848 139549 WORKSHOPS 900099 876590 876590 18000760 267686 267686 157 157 20927634 20840318 87316 87316 87316 3213 3213 3213 20391783 17864424 139549 355159 20000 20000 15170 15170 10505 10505 1356266 784854 571412 5479399 4437844 762216 279339 363551 294445 50572 18534 578830 418523 131105 29202 535285 409923 102819 22543 67114 12136 47831 7147 267254 267254 43813 43813 739126 390276 310812 38038 821263 820236 1027 708264 135442 559609 13213 1284052 993071 290214 767 824746 627694 157972 39080 527310 356305 158993 12012 4242253 4172383 56876 12994 212947 15184 197763 114434 52781 61653 FULFILLMENT EXPENSES 53774 53774 UBIT TAXES 5705 5705 18271061 14020546 3776619 473896 9872930 11315584 3269812 3030251 145899 406392 855925 852922 3215410 1838368 1589989 1377042 9934027 11371651 85681 5917301 5292726 31671564 33646568 675371 684095 150000 100000 5655046 5620967 9946539 9194644 16426956 15599706 X 14174637 16853477 1069971 1193385 15244608 18046862 31671564 33646568 2120722 681532 0 X 0 1 X 1 0 X 4722231 5181110 3948780 1406501 2032651 17291273 4126740 11000763 14503606 17192367 18000760 64824236 8848971 16181873 18452386 18598868 20033411 82115509 0 0 0 82115509 98278 105372 182349 350455 267843 1004297 60063 112455 96160 74424 25977 369079 158341 217827 278509 424879 293820 1373376 1425 9828 11008 4362 3213 29836 9008737 16409528 18741903 19028109 20330444 83518721 0.98320 0.96850 0.01640 0.01770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 124 27827 27951 13992595 14020546 851027 212757 0 0 904534 955158 1000000 851027 3710719 5566079 45021 30818 28431 27951 132221 226134 238790 250000 212757 927681 1391522 2991 2255 1592 124 6962 1063846 20878 107536 5000 1187260 1017437 100000 96409 150000 1063846 924177 93260 1017437 1022424 -98247 924177 1054182 88242 120000 1022424 0.00000 1.00000 0.00000 0 0 2047261 794117 1253144 343774 244421 99353 824375 799830 24545 1377042 457B DEFERRED COMPENSATION PLAN 461186 CURRENT PORTION OF LEASE LIABILITY 973020 LEASE LIABILITY 7568938 DUE TO OTHER FUNDS 191500 9194644 X 21029502 681532 681532 20347970 43813 43813 20391783 18227248 0 18227248 43813 43813 18271061 PART V, LINE 4: BASED ON THE TAMARA H. BRYANT ENDOWED SCHOLARSHIP FUND AGREEMENT, THE INCOME EARNED ON THE PRINCIPAL OF THE ENDOWMENT IS TO BE USED TO PROVIDE RECOGNITION AND FINANCIAL ASSISTANCE TO OUTSTANDING BURMESE OR EAST ASIAN STUDENTS ENROLLED OR PLANNING TO ENROLL IN GRADUATE SCHOOLS IN THE UNITED STATES, OR OUTSTANDING AFRICAN AMERICAN STUDENTS ENROLLED OR PLANNING TO ENROLL IN A STUDY ABROAD PROGRAM THROUGH AN ACCREDITED UNIVERSITY OR COLLEGE. THE JOHN AND ANNE HUDZIK PRIZE FOR SUSTAINED LEADERSHIP AND CONTRIBUTION TO HIGHER EDUCATION INTERNATIONALIZATION ("THE HUDZIK PRIZE") GIFT AGREEMENT PROVIDES AWARDS TO INDIVIDUALS WHO HAVE MADE SUSTAINED CONTRIBUTIONS TO INTERNATIONALIZATION IN AREAS INCLUDING SCHOLARSHIP, ADMINISTRATIVE LEADERSHIP, COMMUNITY ENGAGEMENT, AND EDUCATION. NO MORE THAN ONE HUDZIK PRIZE OF $5,000 CAN BE BESTOWED EACH YEAR. PART X, LINE 2: MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NAFSA AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2025, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. NAFSA RECOGNIZES INTEREST AND PENALTIES EXPENSE RELATED TO UNCERTAIN TAX POSITIONS AS A COMPONENT OF TECHNOLOGY, PRINTING, OFFICE AND OTHER ON THE ACCOMPANYING STATEMENTS OF FUNCTIONAL EXPENSES. NAFSA REPORTED NO PENALTIES AND INTEREST RELATED TO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. TAX YEARS PRIOR TO 2022 ARE NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE OR THE TAX JURISDICTION OF THE DISTRICT OF COLUMBIA. INCOME TAX EXPENSE RELATED TO UNRELATED BUSINESS TAXABLE INCOME WAS APPROXIMATELY $5,500 AND $18,900 FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024, RESPECTIVELY. 1 SUB- SARHARAN AFRICA 0 0 GRANTS TO RECIPIENTS 10505 0 0 0 0 0 0 10505 0 10505 TRAVEL GRANT SUB-SAHARAN AFRICA 3 1972 OTHER 8533 AIRFARE/HOTEL ROOMS ACTUAL PRICE OF ITEMS 0 0 0 0 0 0 PART I, LINE 2: ASSISTANCE WAS FOR TRAVEL TO, ACCOMMODATIONS AT, AND PER DIEM FOR ATTENDANCE AT NAFSA'S ANNUAL CONFERENCE. TICKETS WERE PURCHASED THROUGH NAFSA'S TRAVEL AGENT, ACCOMMODATIONS WERE DIRECTLY BILLED TO NAFSA, AND PER DIEM WAS PROVIDED TO THE PARTICIPANTS UPON THEIR ARRIVAL AT THE CONFERENCE SITE AS PREPAID DEBIT CARDS. 1 PARAMI UNIVERSITY INC 1250 CONNECTICUT AVE NW SUITE 700 WASHINGTON DC 20036 874146468 501(C)(3) 20000 0 SCHOLARSHIP SUPPORT 1 0 RISE PROGRAM CONFERENCE ATTENDANCE ASSISTANCE 11 4837 5333 TICKET - ACTUAL PRICES AIRFARE TO/FROM SAN DIEGO HOTEL HUDZIK PRIZE AWARD 1 5000 PART I, LINE 2 (PART II ORGANIZATIONS) THE GRANTEE PROVIDES NAFSA WRITTEN REPORTS DETAILING THE USE OF GRANTS AND A FINANCIAL RECONCILIATION. PART I, LINE 2, (PART III INDIVIDUALS) INDIVIDUALS MUST USE NAFSA'S TRAVEL AGENT TO PURCHASE AIRTICKETS. PER DIEM (AS PER GSA RATES) IS PROVIDED TO PARTICIPANTS CLOSE TO THE TIME OF THE EVENT. PARTICIPANTS SIGN A DOCUMENT THAT THE PER DIEM IS REFUNDABLE TO NAFSA IF THEY DO NOT ULTIMATELY ATTEND THE EVENT. X X X 0 0 0 0 0 0 0 1 0 FANTA AW EXECUTIVE DIRECTOR & CEO 433087 0 0 0 4503 0 24500 0 17546 0 479636 0 0 0 GILBERT DEANS DEPUTY EXECUTIVE DIRECTOR, CFO 206553 0 1000 0 180 0 15778 0 35370 0 258881 0 0 0 JILL ALLEN MURRAY DEPUTY E.D., PUBLIC POLICY 163414 0 1000 0 236 0 12928 0 39936 0 217514 0 0 0 DAVID FOSNOCHT DIR., IMMIGRATION PRACTICE RESOURCES 156233 0 2790 0 931 0 12250 0 34895 0 207099 0 0 0 TATIANA MACKLIFF DEP. E.D., LPDS 169442 0 1000 0 338 0 12217 0 17143 0 200140 0 0 0 DOROTHEA ANTONIO DEPUTY E.D., KNOWLEDGE DEVELOPMENT 170837 0 1000 0 971 0 12211 0 15076 0 200095 0 0 0 JENNIFER HEINRITZ CONTROLLER/SENIOR DIRECTOR OF FIN. 146668 0 3068 0 874 0 11483 0 34524 0 196617 0 0 0 JOANN NG HARTMANN SENIOR IMPACT OFFICER 152851 0 1000 0 549 0 11305 0 23215 0 188920 0 0 0 GREG OSBURN SENIOR DIRECTOR, TECHNOLOGY 152480 0 1000 0 285 0 10780 0 12401 0 176946 0 0 0 CAROLINE WHITE SR. DIR., EDUCATION ABROAD SERVICES 149545 0 1000 0 286 0 10810 0 9839 0 171480 0 0 0 PART I, LINE 7 IN 2025, THE FOLLOWING INDIVIDUALS WERE PAID PERFORMANCE BASED BONUSES: GILBERT DEANS $1,000 JILL ALLEN MURRAY $1,000 DAVID FOSNOCHT $1,000 DOROTHEA ANTONIO $1,000 TATIANA MACKLIFF $1,000 GREG OSBURN $1,000 JENNY HEINRITZ $1,000 CAROLINE WHITE $1,000 JOANN NG HARTMANN $1,000 DAVID FOSNOCHT AND JENNY HEINRITZ ALSO RECEIVED A TIME OF SERVICE BONUS OF $1,790 AND $2,068, RESPECTIVELY. FORM 990, PART I, LINE 6: ESTIMATE OF NON-DUPLICATIVE VOLUNTEER MEMBER LEADER POSITIONS AND ACTIVE VOLUNTEER TRAINERS OF THE ORGANIZATION. THIS NUMBER DOES NOT INCLUDE THE HUNDREDS OF VOLUNTEERS WHO WORK ON OUR BEHALF WITHIN THEIR LOCAL, STATE, AND INTERNATIONAL COMMUNITIES. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE ALL THE AUTHORITY OF THE BOARD OF DIRECTORS TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, EXCEPT THAT IT SHALL HAVE NO AUTHORITY AS TO THE FOLLOWING MATTERS: (A) THE FILLING OF VACANCIES IN THE BOARD OF DIRECTORS; (B) THE FIXING OF COMPENSATION OF THE DIRECTORS FOR SERVING ON THE BOARD OR ON ANY COMMITTEE; (C) THE AMENDMENT OR REPEAL OF THE BYLAWS OR THE ADOPTION OF NEW BYLAWS; (D) THE AMENDMENT OR REPEAL OF ANY RESOLUTION OF THE BOARD WHICH BY ITS TERMS SHALL NOT BE SO AMENDABLE OR REPEALABLE; AND (E) THE REMOVAL OF DIRECTORS. ACTIONS TAKEN BY THE EXECUTIVE COMMITTEE ARE SUBJECT TO RATIFICATION AT THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CATEGORIES OF MEMBERS, VOTING MEMBERS AND NON-VOTING HONORARY MEMBERS. VOTING MEMBERS CONSIST OF INDIVIDUAL MEMBERS, GROUP MEMBERS, INTERNATIONAL MEMBERS, STUDENT MEMBERS, RETIRED PROFESSIONAL MEMBERS, AND NEW MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A VOTING MEMBERS ELECT ALL MEMBERS OF THE GOVERNING BODY IN ACCORDANCE WITH PROCEDURES SPECIFIED IN THE ORGANIZATION'S BYLAWS AND STANDING RULES. FORM 990, PART VI, SECTION A, LINE 7B THE ARTICLES OF INCORPORATION VEST THE GOVERNANCE OF THE CORPORATION IN THE BOARD OF DIRECTORS, THOUGH THE ARTICLES OF INCORPORATION CAN BE AMENDED ONLY BY A 2/3RDS VOTE OF THE ASSOCIATION'S MEMBERS AT AN ANNUAL OR SPECIAL MEETING. MATTERS WHICH WOULD REQUIRE SUCH A VOTE WOULD BE A CHANGE IN THE NAME OF THE CORPORATION, ITS PURPOSE, QUALIFICATIONS OF MEMBERS, GENERAL STRUCTURE OF THE ASSOCIATION'S INTERNAL AFFAIRS, OR IN THE LIMITATIONS OF ACTIVITIES OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNANCE COMMITTEE OF THE BOARD OF DIRECTORS MEETS WITH THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANTS, EXECUTIVE DIRECTOR, AND CHIEF FINANCIAL OFFICER TO REVIEW FORM 990 PRIOR TO FILING. THE BOARD MEMBERS ARE PROVIDED AN OUTLINE CREATED BY THE SENIOR DIRECTOR OF FINANCE/CONTROLLER THAT IS USED TO GUIDE THEM THROUGH THE REVIEW PROCESS. THE OUTLINE SPECIFIES KEY AREAS OF THE RETURN THAT ARE DEEMED TO BE OF PARTICULAR IMPORTANCE TO THE REVIEW PROCESS. THE ORGANIZATION'S INDEPENDENT PUBLIC ACCOUNTANT PROVIDES INFORMATION ON HOW THE FORM 990 IS PREPARED AND HOW IT RELATES BACK TO THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS. THIS MEETING IS RECORDED AND MADE AVAILABLE ALONG WITH THE BACKUP DOCUMENTATION TO THE ENTIRE BOARD. EACH BOARD MEMBER IS REQUESTED TO ACKNOWLEDGE THEY HAVE REVIEWED THE MATERIAL. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNANCE COMMITTEE IS RESPONSIBLE FOR REVIEWING THE STATEMENTS AND MONITORING COMPLIANCE WITH THIS POLICY. OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE CURRENTLY REQUIRED TO ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; B) HAS READ AND UNDERSTANDS THE POLICY; C) HAS AGREED TO COMPLY WITH THE POLICY; AND D) UNDERSTANDS THAT NAFSA IS A CHARITABLE CORPORATION AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 IN 2023, THE EXECUTIVE COMMITTEE OF THE NAFSA BOARD OF DIRECTORS CONSULTED COMPENSATION BENCHMARK DATA WHEN DETERMINING THE APPROPRIATE SALARY FOR THE HIRE OF THE CURRENT CEO/ED. IN KEEPING WITH PAST PRACTICE, THE EXECUTIVE COMMITTEE WILL CONSIDER THE SAME RANGE OF INCREASE FOR MERIT CONSIDERATION USED FOR OTHER NAFSA EMPLOYEES. EFFECTIVE JANUARY 1, 2024, STAFF ARE ELIGIBLE TO RECEIVE BETWEEN 2% AND 4% MERIT INCREASES, BASED ON PERFORMANCE. THIS GUIDELINE AND PERFORMANCE WILL BE USED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS WHEN AUTHORIZING FUTURE PAY INCREASES FOR THE CEO/ED. FORM 990, PART VI, SECTION B, LINE 15B: NAFSA PREVIOUSLY ENGAGED AN OUTSIDE COMPENSATION CONSULTANT TO RECOMMEND METHODOLOGY FOR EVALUATING SALARIES BASED ON BENCHMARK DATA. THIS SERVES AS THE BASIS FOR NAFSA'S OVERALL COMPENSATION SYSTEM. SALARIES FOR OFFICERS ARE ALSO BENCHMARKED WITH ADDITIONAL OUTSIDE COMPENSATION SURVEYS TO ENSURE INTERNAL AND EXTERNAL EQUITY. COMPENSATION FOR OFFICERS IS REVIEWED BY HUMAN RESOURCES AND APPROVED BY THE EXECUTIVE DIRECTOR & CEO. NEW POSITIONS ARE EVALUATED BASED ON MARKET DATA TO ENSURE INTERNAL AND EXTERNAL EQUITY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY AVAILABLE THROUGH ITS WEBSITE. THE ORGANIZATION MAKES ITS AUDITED FINANCIAL STATEMENTS AVAILABLE TO ITS MEMBERS VIA A HANDOUT AT THE ANNUAL BUSINESS MEETING AND AN EMAIL WITH THE LINK TO THIS HANDOUT ON THE ORGANIZATION'S WEBSITE IS SENT YEARLY TO ALL CURRENT MEMBERS OF RECORD. THREE YEARS OF AUDITED FINANCIALS AND TAX RETURNS ARE ALSO AVAILABLE ON THE ORGANIZATION'S WEBSITE.