2022-11-14T10:54:53-06:00 2021-12-31 346565596 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2021-01-01 381428955 NSF INTERNATIONAL NSFI 7347698010 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 MICHAEL P WALSH VP/CFO 7347698010 2022-11-14 1 MICHAEL WALSH 999009999 KATHERINE KURTZMAN P01236691 3128792000 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z MICHAEL P WALSH 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 162475215 0 X WWW.NSF.ORG X 1952 MI NSF INTERNATIONAL IS A GLOBAL, NOT-FOR-PROFIT PUBLIC HEALTH AND SAFETY ORGANIZATION. 10 9 761 0 778310 0 0 0 122261621 155394455 1213770 4060973 0 0 123475391 159455428 176147 180095 0 0 60461248 64359181 0 0 0 46403691 87657556 107041086 152196832 16434305 7258596 484914450 495740429 171351774 171754803 313562676 323985626 X NSF INTERNATIONAL IS DEDICATED TO BEING THE LEADING GLOBAL PROVIDER OF PUBLIC HEALTH AND SAFETY-BASED RISK MANAGEMENT SOLUTIONS, WHILE SERVING THE INTERESTS OF ALL STAKEHOLDERS. THESE STAKEHOLDERS INCLUDE THE PUBLIC, THE BUSINESS COMMUNITY, AND GOVERNMENT AGENCIES. 1 0 51345416 180095 79405650 THE NSF WATER DIVISION CERTIFIES PRODUCTS THAT COME INTO CONTACT WITH DRINKING WATER; SUCH PRODUCTS INCLUDE PLUMBING COMPONENTS, WATER TREATMENT CHEMICALS, DRINKING WATER FILTERS, AND POOL & SPA EQUIPMENT. NSF PIONEERED THE DEVELOPMENT OF THE AMERICAN NATIONAL STANDARDS FOR ALL MATERIALS AND PRODUCTS WHICH TREAT (OR COME IN CONTACT WITH) DRINKING WATER, TO HELP PROTECT PUBLIC HEALTH AND THE ENVIRONMENT, AND MINIMIZE ADVERSE HEALTH EFFECTS. IN 1990, THE U.S. EPA REPLACED ITS OWN DRINKING WATER PRODUCT ADVISORY PROGRAM WITH THESE NSF STANDARDS. TODAY, MOST PLUMBING CODES REQUIRE CERTIFICATION TO NSF STANDARDS FOR PIPES AND PLUMBING COMPONENTS IN COMMERCIAL AND RESIDENTIAL BUILDINGS. 30707396 35548780 THE NSF GLOBAL LABS DIVISION PROVIDES ENGINEERING, CHEMISTRY, MICROBIOLOGY, AND TOXICOLOGY LAB AND TESTING SERVICES ACROSS ALL MAJOR INDUSTRIES. PLASTIC AND PLUMBING TESTING SERVICES ARE ALSO PROVIDED ALONG WITH R&D SERVICES TO ASSIST WITH MARKET ENTRY FOR PLASTIC PIPING PRODUCTS SEPARATE FROM CERTIFICATION TESTING. TESTING REVENUE GENERALLY CONSIST OF PRODUCT TESTING FOR STANDARD CERTIFICATION. IF THE PRODUCT PASSES TESTING TO THE STANDARD, THEN CERTIFICATION IS GRANTED BASED ON SAID STANDARD. IF THE PRODUCT FAILS TESTING TO THE STANDARD, THE CUSTOMER MAY AGREE TO RETESTING OF THE PRODUCT OR RECEIVE A REPORT OF FAILURE. THE CUSTOMER MAY USE THE REPORT TO REMEDIATE PRODUCT FOR FUTURE TESTING OF STANDARD. 15377678 16276158 THE NSF HEALTH SCIENCES DIVISION OFFERS REFERENCE STANDARDS, CERTIFICATION, TESTING, TOXICOLOGY REVIEWS, AND AUDITING SERVICES FOR THE DIETARY SUPPLEMENT AND COSMETICS, AND FUNCTIONAL FOOD INDUSTRIES. 11647980 24162836 THE NSF FOOD SAFETY DIVISION INCLUDES BOTH FOOD EQUIPMENT AND NONFOOD COMPOUNDS CERTIFICATION. THE FOOD EQUIPMENT PROGRAM TESTS AND CERTIFIES FOOD EQUIPMENT PRODUCTS FOR ACCEPTANCE ACROSS THE US, EUROPE, AND OTHER GLOBAL MARKETS. THE NONFOOD COMPOUNDS PROGRAM OFFERS RISK MANAGEMENT SOLUTIONS FOR NONFOOD COMPOUNDS AND PROPRIETARY SUBSTANCES (I.E., LUBRICANTS, CLEANERS, AND WATER TREATMENT CHEMICALS USED IN FOOD AND BEVERAGE PROCESSING). REVENUE : $23,810,989 EXPENSES : $11,334,256STANDARDS: NSF INTERNATIONAL FACILITATES THE PROCESS OF DEVELOPING NEW STANDARDS AND MAINTENANCE OF OUR EXISTING STANDARDS, WHICH IS OVER 80 PUBLISHED DOCUMENTS. OUR TEAM WORKS TO ENSURE THAT ALL POLICIES AND PROCEDURES ARE FOLLOWED AND THAT OUR STAKEHOLDERS ARE EQUIPPED TO HAVE CONVERSATIONS LEADING TO CONSENSUS; THIS INCLUDES BUT IS NOT LIMITED TO SCHEDULE/COORDINATION OF MEETINGS, SHARING ESSENTIAL DOCUMENTATION (REFERENCE STANDARDS, DATA, MEETING SUMMARIES, ETC.), COMMITTEE MEMBERSHIP RECRUITMENT AND LEADING THE BALLOTING PROCESS FOR NEW STANDARDS AND REVISIONS TO PUBLISHED STANDARDS.REVENUE : $351,847 EXPENSES : $313,725 11647980 24162836 109078470 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 149 0 1 761 1 1 1 1 AS BE BR BU CA CI CH CO CS EC FR GM GT HK IN EI IT JA MX NZ PE RO SA SF KS SP SZ TW TH TS AE UK VM 0 0 0 0 0 0 0 0 1 0 X 10 9 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 1 1 1 1 1 1 CA X MICHAEL P WALSH 7347698010 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 KEVAN LAWLOR PRESIDENT, CEO / BOARD MEMBER 38.00 12.00 X X 2077508 0 833101 PEER FL DAAMEN BOARD MEMBER 2.00 0.00 X 101410 0 14667 MARY JANE ENGLAND BOARD MEMBER 2.00 0.00 X 106960 0 14667 THOMAS W GLASGOW JR BOARD MEMBER 2.00 0.00 X 107433 0 14667 JOHN D GRAHAM BOARD MEMBER 2.00 0.00 X 101410 0 14667 ELISABETH A HAGEN BOARD MEMBER 2.00 0.00 X 88321 0 14667 JOAN R MENKE-SCHAENZER BOARD MEMBER 2.00 0.00 X 101647 0 14667 RICHARD E RABBIDEAU BOARD MEMBER(CHAIRMAN) 7.00 3.00 X 121483 0 14667 RICHARD K RIEDERER BOARD MEMBER 7.00 3.00 X 106410 0 14667 ETHELBERT A WILLIAMS BOARD MEMBER 2.00 0.00 X 88000 0 14667 DAVE PURKISS VP, WATER SYSTEMS 38.00 12.00 X 494954 0 414787 LICHUN MA VP, CIO 38.00 12.00 X 763628 0 198773 THOMAS CHESTNUT VP, COO (TO 9/30/2021) 38.00 12.00 X 2862863 0 22879 MICHAEL P WALSH VP, CFO 38.00 12.00 X 711617 0 282786 KAREN KREZA VP, HUMAN RESOURCES 38.00 12.00 X 600580 0 113552 MARTIN LUSH VP, HEALTH SCIENCES 38.00 12.00 X 0 457080 80504 JULIE TIMMER VP AND GENERAL COUNSEL 38.00 12.00 X 600353 0 155917 COLLETTE LAFORCE VP, CMO (TO 5/28/2021) 38.00 12.00 X 499809 0 3062 JOEL SCHELLHAMMER VP, CSIO (TO 9/30/2021) 38.00 12.00 X 753099 0 14863 NANCY E BAUER CORPORATE SECRETARY 38.00 12.00 X 133054 0 16419 JOHN ROWLEY VP, GLOBAL FOOD DIVISION 38.00 12.00 X 0 372970 127970 SCOTT MORRIS VP, GLOBAL LABS (FROM 11/1/2021) 38.00 12.00 X 67565 0 44140 ANGELO PETRILLO VP, SALES 38.00 12.00 X 266337 0 56695 PAUL ANDERSON SR. MANAGING DIRECTOR, NA LABORATORY OPS. 50.00 0.00 X 226222 0 6627 RONNIE TIMOTHY MYERS SEN. DIR. PERFORMANCE MKT & OPS 50.00 0.00 X 265722 0 24690 KANNAPPAN MANICKAM SR. DIR. OF BUS APPS AND TRAQTION, INFORMATICS 38.00 12.00 X 217213 0 20247 JESSICA PANTAGES CHIEF COMMUNICATIONS OFFICER 50.00 0.00 X 255491 0 16891 STACIE RAMPE SR. DIR. TOTAL REWARDS AND HR SOLUTIONS 50.00 0.00 X 238250 0 2856 11957339 830050 2568762 143 0 1 0 MICROSOFT CORPORATION ONE MICROSOFT WAY REDMOND WA 98052 SOFTWARE AS A SERVICE 2263771 ZENO GROUP INC 130 EAST RANDOLPH DRIVESUITE 3000 CHICAGO IL 60601 MARKETING 1678737 HTC GLOBAL SERVICES INC 3855 SOLUTIONS CENTER CHICAGO IL 60677 STAFFING AND RECRUITING 1093650 ORACLE AMERICA INC 500 ORACLE PARKWAY REDWOOD CITY CA 94065 SOFTWARE AS A SERVICE 889227 EGON ZEHNDER INTERNATIONAL INC 520 MADISON AVE 23RD FL NEW YORK NY 10022 STAFFING AND RECRUITING 842667 80 WATER SYSTEMS 541380 79405650 79405650 GLOBAL LABS 541380 35549811 35549811 FOOD EQUIPMENT 541380 23810989 23810989 HEALTH SCIENCES 541380 16276158 16276158 STANDARDS DEV & MAINTE 541700 351847 351847 155394455 2957529 778310 2179219 607455 228346 607455 228346 0 0 0 3285930 1500 2181455 2531 1104475 -1031 1103444 -1031 1104475 159455428 155393424 778310 3283694 180095 180095 7455760 4473456 2982304 47148021 33873262 13274759 868082 484074 384008 5276559 4114805 1161754 3610759 2519251 1091508 78000 78000 947181 451238 495943 265514 265514 50028 50028 9737379 5507079 4230300 2731660 430992 2300668 4079407 3184002 895405 4228920 1297468 2931452 3510433 201802 3308631 649603 417729 231874 287749 14748 273001 2801352 2801352 40826840 40826840 8375435 1872666 6502769 1191244 262 1190982 FX CURRENCY EXC LOSS 3411659 3411659 RECRUITING 1952677 1952677 TAXES AND FEES 1438446 858768 579678 ACCREDITATION FEES 464911 419056 45855 629118 4539218 -3910100 152196832 109078470 43118362 0 4044627 6006055 7969451 115202218 38532350 36289445 3497138 4409680 141035342 78585740 65217512 62449602 12312742 12948477 249883476 248214996 257462 227617 103199692 9992339 484914450 495740429 7302686 42732384 1057029 872065 5085956 6859804 89000000 85000000 68906103 36290550 171351774 171754803 X 313562676 323985626 313562676 323985626 484914450 495740429 X 7258596 5018221 -1853867 X 0 1 X 1 0 X 1430450 3520000 4950450 64330522 26076791 38253731 3435041 1861161 1573880 63670075 48084111 15585964 4649254 2563677 2085577 62449602 INVESTMENT IN SUBSIDIARIES 248214996 C 248214996 ACCRUED EMPLOYEE BENEFITS 809730 ACCRUED INCENTIVE PLANS 13354413 ACCRUED MISCELLANEOUS EXPENSES 544986 ACCRUED OTHER TAXES 623978 ACCRUED PENSION 9091531 ACCRUED PLASTICS REBATES 470495 INTEREST PAYABLE 246979 INTERCOMPANY PAYABLE 1828394 RELATED PARTY PAYABLE 249697 ACCRUED PAYROLL 9070347 36290550 X PART X, LINE 2: PER CONSOLIDATED AUDITED FINANCIAL STATEMENTS OF NSF INTERNATIONAL AND SUBSIDIARIES: THE ORGANIZATION ESTIMATES WHETHER THE RECOVERABILITY OF THE DEFERRED TAX ASSETS IS "MORE LIKELY THAN NOT." FOR THIS PURPOSE, THE ORGANIZATION USES HISTORICAL RESULTS, PROJECTED FUTURE OPERATING RESULTS BASED UPON BUSINESS PLANS, ELIGIBLE CARRYFORWARD PERIODS, TAX-PLANNING OPPORTUNITIES, AND RELEVANT CONSIDERATIONS. THE ORGANIZATION REVIEWS THE LIKELIHOOD THAT IT WILL BE ABLE TO REALIZE THE BENEFIT OF ITS DEFERRED TAX ASSETS ON AN ANNUAL BASIS OR WHENEVER EVENTS INDICATE A REVIEW IS REQUIRED. CENTRAL AMERICA AND THE CARIBBEAN 2 3 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 530045 EAST ASIA AND THE PACIFIC 9 36 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 22972833 EUROPE 18 82 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 30950155 MIDDLE EAST AND NORTH AFRICA 1 4 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 4089591 NORTH AMERICA 2 57 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 12456610 SOUTH AMERICA 12 10 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 1146561 SOUTH ASIA 1 6 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 2434579 SUB-SAHARAN AFRICA 1 2 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 528736 RUSSIA AND NEIGHBORING STATES 0 2 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 231598 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 12326608 EUROPE 0 0 INVESTMENTS 5077754 NORTH AMERICA 0 0 INVESTMENTS 6286140 46 200 0 2 46 202 75109110 23922100 99031210 0 0 1 0 0 1 PART III ACCOUNTING METHOD: PART I, LINE 3 ACCRUAL ACCOUNTING METHOD IS USED. 1 UNITED WAY OF WASHTENAW COUNTY2305 PLATT ROADANN ARBOR MI 48103 381951024 501(C)(3) 42745 0 GENERAL SUPPORT THE WOMEN'S CENTER OF SOUTHEASTERN MICHIGAN501 S MAPLE RDANN ARBOR MI 4 364338567 501(C)(3) 10000 0 GENERAL SUPPORT FOOD GATHERERSPO BOX 131037ANN ARBOR MI 48113 382853858 501(C)(3) 10000 0 GENERAL SUPPORT ANN ARBOR CHARTER TOWNSHIP3792 PONTIAC TRAILANN ARBOR MI 48105 386008278 DOMESTIC GOVERNMENT 50000 0 GENERAL SUPPORT ANN ARBOR SPARK330 EAST LIBERTY STREETANN ARBOR MI 48105 382436899 501(C)(6) 10000 0 GENERAL SUPPORT SHELTER ASSOCIATION OF WASHTENAW COUNTYPO BOX 7370ANN ARBOR MI 48107 382533030 501(C)(3) 10000 0 GENERAL SUPPORT UNIVERSITY OF TOLEDO FOUNDATION4510 DORR STREETTOLEDO OH 43615 346555110 501(C)(3) 30000 0 GENERAL SUPPORT FISHER HOUSE MICHIGAN3250 PLYMOUTH ROADANN ARBOR MI 48105 812586691 501(C)(3) 10000 0 GENERAL SUPPORT 7 1 PART I, LINE 2 PRIOR TO ISSUANCE OF GRANTS, THE ORGANIZATION CONFIRMS THAT FUND RECIPIENTS ARE QUALIFYING SEC. 501(C)(3) AND GOVERNMENT ORGANIZATIONS AS NOTED ON IRS TAX EXEMPT ORGANIZATION DATABASE. FOR 501(C)(3) AND 501(C)(6) ORGANIZATIONS, NO ADDITIONAL MONITORING OF THE FUNDS IS CONDUCTED. X 1 1 X X X X 1 1 0 0 0 1 0 1 0 KEVAN LAWLOR PRESIDENT, CEO / BOARD MEMBER 775383 0 485550 0 816575 0 806510 0 26591 0 2910609 0 797075 0 THOMAS CHESTNUT VP, COO (TO 9/30/2021) 353675 0 177000 0 2332188 0 0 0 22879 0 2885742 0 1630188 0 MICHAEL P WALSH VP, CFO 361348 0 139000 0 211269 0 253721 0 29065 0 994403 0 191769 0 LICHUN MA VP, CIO 480138 0 185000 0 98490 0 165762 0 33011 0 962401 0 78990 0 DAVE PURKISS VP, WATER SYSTEMS 308764 0 106500 0 79690 0 384480 0 30307 0 909741 0 60190 0 JOEL SCHELLHAMMER VP, CSIO (TO 9/30/2021) 274498 0 116000 0 362601 0 0 0 14863 0 767962 0 241601 0 JULIE TIMMER VP AND GENERAL COUNSEL 369330 0 132000 0 99023 0 127580 0 28337 0 756270 0 79523 0 KAREN KREZA VP, HUMAN RESOURCES 302954 0 197500 0 100126 0 82393 0 31159 0 714132 0 80626 0 MARTIN LUSH VP, HEALTH SCIENCES 0 376818 0 80262 0 0 0 67015 0 13489 0 537584 0 0 COLLETTE LAFORCE VP, CMO (TO 5/28/2021) 164950 0 89500 0 245359 0 0 0 3062 0 502871 0 121026 0 JOHN ROWLEY VP, GLOBAL FOOD DIVISION 0 352764 0 20206 0 0 0 47035 0 80935 0 500940 0 0 ANGELO PETRILLO VP, SALES 232337 0 14500 0 19500 0 33299 0 23396 0 323032 0 0 0 RONNIE TIMOTHY MYERS SEN. DIR. PERFORMANCE MKT & OPS 248375 0 17347 0 0 0 0 0 24690 0 290412 0 0 0 JESSICA PANTAGES CHIEF COMMUNICATIONS OFFICER 240047 0 15444 0 0 0 0 0 16891 0 272382 0 0 0 STACIE RAMPE SR. DIR. TOTAL REWARDS AND HR SOLUTI 205584 0 32666 0 0 0 0 0 2856 0 241106 0 0 0 KANNAPPAN MANICKAM SR. DIR. OF BUS APPS AND TRAQTION, I 178334 0 38879 0 0 0 0 0 20247 0 237460 0 0 0 PAUL ANDERSON SR. MANAGING DIRECTOR, NA LABORATORY 172013 0 54209 0 0 0 0 0 6627 0 232849 0 0 0 PART I, LINE 1A EXPENSES PAID FOR HOUSING ALLOWANCES WERE INCURRED FOR THE FOLLOWING INDIVIDUALS IN 2021: JOHN ROWLEY THE HOUSING ALLOWANCE EXPENSES WERE PAID FOR THE CONVENIENCE OF NSF AND WERE EXCLUDED FROM THE INDIVIDUAL'S TAXABLE WAGES. PART 1, LINE 4A 3 EMPLOYEES RECEIVED SEVERANCE IN 2021. THE PAYOUTS WERE AS FOLLOWS: THOMAS CHESTNUT- $702,000 COLLETTE LAFORCE- $124,333 JOEL SCHELLHAMMER- $121,000 PART I, LINE 4B CERTAIN SENIOR MANAGEMENT EMPLOYEES ARE PROVIDED WITH THE OPPORTUNITY TO PARTICIPATE IN A NON-QUALIFIED DEFERRED COMPENSATION PLAN ORGANIZED UNDER IRC SECTION 457(F). THE PARTICIPATE WILL BECOME VESTED AND WILL RECEIVE A PAYOUT WHEN THE PARTICIPANT REACHES DEFINED MILESTONE AGES. ANY PORTION ACCRUED IN A GIVEN YEAR, ALONG WITH APPRECIATION OF THEIR RESPECTIVE PLAN AMOUNT IS REPORTED AS DEFERRED COMPENSATION ON FORM 990, SCHEDULE J, PART II - COLUMN (C). THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS IN 2021: THOMAS CHESTNUT $1,129,078 COLLETTE LAFORCE $28,727 JOEL SCHELLHAMMER $31,387 PART I, LINE 6 UNDER THE NEW LTIP PLAN ESTABLISHED IN 2021, PARTICIPANTS ARE GRANTED PERFORMANCE AWARDS FOR EACH PLAN YEAR. PERFORMANCE AWARDS ARE GRANTED TO THE PARTICIPANTS FOR EACH PLAN YEAR AND ARE EFFECTIVE AS OF THE FIRST DAY OF THE PLAN YEAR. THE VALUE OF THE PERFORMANCE AWARDS WILL BE DETERMINED BY THE PERCENTAGE BY WHICH THE VALUE OF THE EBITDA PERFORMANCE EXCEEDS OR FALLS BELOW THE EBITDA TARGET DETERMINED AS OF THE LAST DAY OF THE PERFORMANCE CYCLE (YEAR 3). IF EBITDA TARGETS ARE MET, THE AMOUNT BECOMES VESTED AT THE END OF THE APPLICABLE PERFORMANCE CYCLE. PAYOUT OF VESTED AWARDS GRANTED IN YEAR 1 WILL OCCUR IN YEAR 4. ACCRUAL OF AWARDS AND VESTED AMOUNTS UNDER THE NEW PLAN WILL BE REPORTED ON FORM 990 SIMILAR TO THE OLD PLAN SEE BELOW. PART I, LINE 7 CERTAIN EXECUTIVES AND EMPLOYEES ARE ELIGIBLE FOR PARTICIPATION IN THE ANNUAL BONUS PLAN. THE PLAN PROVIDES PARTICIPANTS WITH THE OPPORTUNITY TO RECEIVE A BONUS BASED ON ATTAINMENT OF THE PREVIOUSLY ESTABLISHED INDIVIDUAL, BUSINESS UNIT AND CORPORATE GOALS. ADDITIONALLY, THE COMPANY HAS A LONG-TERM INCENTIVE PLAN (LTIP) WHEREBY CERTAIN MANAGEMENT ARE AWARDED DEFERRED COMPENSATION BASED ON SEVERAL CRITERIA. THE AMOUNTS AWARDED UNDER THE OLD PLAN (ESTABLISHED IN 2016 AND COVERING TAX YEARS 2016 - 2020) ARE REPORTED ON FORM 990 AS 'RETIREMENT AND OTHER DEFERRED COMPENSATION' ON SCHEDULE J, PART II COLUMN (C) AND ARE AWARDED EFFECTIVE JANUARY 1ST OF THE TAX YEAR FOLLOWING THE YEAR TO WHICH THE SERVICE AWARD RELATES. THE SERVICE AWARDS THEN VEST STARTING IN THE TAX YEAR FOLLOWING THE TAX YEAR IN WHICH THE AWARD BECAME EFFECTIVE, OVER A THREE-YEAR PERIOD. THE VESTED AMOUNTS ARE REPORTED AS 'OTHER REPORTABLE COMPENSATION' ON SCHEDULE J, PART II, COLUMN (B)(III). FORM 990, PART III, LINE 2 NSF INTERNATIONAL HAS ESTABLISHED A SEPARATE AND DISTINCT GLOBAL LABS DIVISION WHICH PROVIDES LAB AND TESTING SERVICES PERFORMED IN CONJUNCTION WITH ITS CERTIFICATION SERVICES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM IN PARTNERSHIP WITH NSF'S INTERNAL TAX TEAM AND IS REVIEWED AND APPROVED BY NSF MANAGEMENT. PRIOR TO THE FILING WITH THE IRS, A COMPLETED COPY OF THE CURRENT YEAR FORM 990 IS POSTED ON THE BOARD OF DIRECTOR'S WEBSITE. ALL BOARD MEMBERS HAVE ACCESS TO THE FORM 990 AND CAN DOWNLOAD AND REVIEW THE DOCUMENT. THE AUDIT/FINANCE COMMITTEE (COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS) IS RESPONSIBLE FOR MONITORING THIS PROCESS AND FOR CONFIRMING THAT FORM 990 IS POSTED TO THE WEBSITE IN A TIMELY MANNER. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES, OFFICERS, AND DIRECTORS (I.E., COVERED PERSONS) WHO ACT ON BEHALF OF NSF IN THE OPERATIONS OF NSF'S BUSINESS MUST AVOID CONFLICTS OF INTEREST, PROMPTLY CEASE ACTIVITIES THAT CAUSE CONFLICTS TO EXIST AND MUST PROVIDE WRITTEN DISCLOSURE TO THE CHIEF LEGAL OFFICER OF ANY ACTUAL OR POTENTIAL CONFLICT OF INTEREST THEY ARE AWARE OF UPON HIRE OR THAT MAY OCCUR DURING THEIR EMPLOYMENT AT NSF. FURTHER, COVERED PERSONS MAY NOT ENTER INTO A TRANSACTION OR ENGAGE IN ANY ACTIVITY GIVING RISE TO A CONFLICT OF INTEREST WITHOUT THE PRIOR WRITTEN APPROVAL OF THE CHIEF LEGAL OFFICER AND MAY BE ASKED TO DISCONTINUE AN OUTSIDE ACTIVITY IF IT IMPACTS OR IS PERCEIVED TO IMPACT THEIR IMPARTIALITY, EFFECTIVENESS, PRODUCTIVITY OR IF THE DISCLOSURE OF NSF CONFIDENTIAL INFORMATION IS AT RISK. ADDITIONALLY, ALL EMPLOYEES ARE REQUIRED TO UNDERGO ANNUAL CODE OF ETHICS TRAINING. AS A PART OF THE ANNUAL TRAINING, EMPLOYEES ARE EDUCATED ON WHAT MAY CONSTITUTE A CONFLICT OF INTEREST (INCLUDING COMMON SITUATIONS THAT MAY CREATE A CONFLICT OF INTEREST (OR THE APPEARANCE OF ONE), ARE MADE AWARE OF THE EXISTING CONFLICT OF INTEREST POLICY, AND ARE REMINDED OF THEIR CONTINUING OBLIGATION TO REPORT ACTUAL OR POTENTIAL CONFLICTS OF INTEREST AS THEY ARISE. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR DURING THE JANUARY BOARD MEETING AND AFTER THE PUBLICATION OF THE PRIOR YEAR FINANCIAL RESULTS, THE COMPENSATION COMMITTEE (COMPRISED OF MEMBERS OF THE BOARD OF DIRECTORS) REVIEWS THE COMPENSATION OF ALL CORPORATE OFFICERS AND BOARD MEMBERS AND RECOMMENDS ADJUSTMENTS TO COMPENSATION AS NECESSARY. THE FULL BOARD OF DIRECTORS REVIEWS THE RECOMMENDATIONS OF THE COMPENSATION COMMITTEE AND APPROVES ADJUSTMENTS TO COMPENSATION, IF DEEMED APPROPRIATE. THIS COMPENSATION REVIEW/RECOMMENDATION/APPROVAL PROCESS WAS LAST COMPLETED IN JANUARY 2022. IN ADDITION, COMPENSATION STUDIES ARE PERFORMED PERIODICALLY BY AN OUTSIDE FIRM TO ASSIST THE COMPENSATION COMMITTEE IN THE REVIEW OF THE OFFICER'S COMPENSATION. THE LAST COMPENSATION STUDY WAS PERFORMED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FORM 990 ARE BOTH AVAILABLE TO THE PUBLIC UPON REQUEST. REQUESTS CAN BE MADE BY EMAILING TO INFO@NSF.ORG OR CALLING (734) 769-8010. FORM 990, PART VI, SECTION A, LINE 9: MARTIN LUSH CAN BE REACHED AT THE FOLLOWING ADDRESS: NSF HEALTH SCIENCES UK LIMITED THE GEORGIAN HOUSE 22-24 WEST END, KIRKBYMOORSIDE YORK, NORTH YORKSHIRE Y062 6AF UK JOHN ROWLEY CAN BE REACHED AT THE FOLLOWING ADDRESS: NSF HK TESTING TECHNOLOGY COMPANY 2ND FLOOR, ETON TOWER 8 HYSAN AVENUE CAUSEWAY BAY, HONG KONG FORM 990, PART XI, LINE 9: DIVIDEND INCOME (FOR 990, NOT BOOKS) -1,853,867. 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