2021-11-12T10:37:26-06:00 2020-12-31 346565596 ERNST & YOUNG US LLP 155 NORTH WACKER DRIVE CHICAGO IL 60606 990 2020-01-01 381428955 NSF INTERNATIONAL NSFI 7347698010 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 MICHAEL P WALSH VP/CFO 7347698010 2021-11-12 1 MICHAEL WALSH 999009999 KATHERINE KURTZMAN P01236691 3128792000 0 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL P WALSH 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 135567560 0 X WWW.NSF.ORG X 1952 MI NSF INTERNATIONAL IS A GLOBAL, NOT-FOR-PROFIT PUBLIC HEALTH AND SAFETY ORGANIZATION. 10 9 730 0 830906 0 0 0 122120764 122261621 2431005 1213770 27230 0 124578999 123475391 182738 176147 0 0 61450804 60461248 0 0 0 53317713 46403691 114951255 107041086 9627744 16434305 472699437 484914450 174133440 171351774 298565997 313562676 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. 0 0 43773355 176147 80518983 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. 11482902 24643981 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). 12416431 14753952 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. 2568938 2344705 2568938 2344705 70241626 1 0 0 0 0 0 0 0 0 0 1 1 0 1 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 161 0 1 730 1 1 1 1 AS BE BR BU CA CI CH CO CS EC FR GM 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 0 0 1 1 1 1 1 1 1 1 1 1 CA MI X MICHAEL P WALSH 7347698010 789 NORTH DIXBORO ROAD ANN ARBOR MI 481059723 RICHARD K RIEDERER BOARD MEMBER 7.00 3.00 X 93511 0 27787 RICHARD E RABBIDEAU BOARD MEMBER 7.00 3.00 X 100513 0 27787 JOAN R MENKE-SCHAENZER BOARD MEMBER 2.00 0.00 X 88823 0 27787 ELISABETH HAGEN BOARD MEMBER 2.00 0.00 X 80156 0 27787 JOHN D GRAHAM BOARD MEMBER 2.00 0.00 X 88823 0 27787 THOMAS W GLASGOW JR BOARD MEMBER 2.00 0.00 X 93511 0 27787 MARY JANE ENGLAND BOARD MEMBER 2.00 0.00 X 93511 0 27787 PEER FL DAAMEN BOARD MEMBER 2.00 0.00 X 88823 0 27787 KEVAN P LAWLOR PRESIDENT, CEO / BOARD MEMBER 38.00 12.00 X X 3581913 0 1168835 ANGELO PETRILLO VP, SALES 38.00 12.00 X 65179 0 14492 JOHN ROWLEY VP, GLOBAL FOOD DIVISION 38.00 12.00 X 0 103211 29858 NANCY E BAUER CORPORATE SECRETARY 38.00 12.00 X 132201 0 15783 JOEL SCHELLHAMMER VP, CSIO 38.00 12.00 X 228123 0 153991 COLLETTE LAFORCE VP, CMO 38.00 12.00 X 392680 0 68292 JULIE TIMMER VP AND GENERAL COUNSEL 38.00 12.00 X 454918 0 218844 MARTIN LUSH VP, HEALTH SCIENCES 38.00 12.00 X 0 447779 71883 KAREN KREZA VP, HUMAN RESOURCES 38.00 12.00 X 517628 0 174829 MICHAEL P WALSH VP, CFO 38.00 12.00 X 614454 0 451066 THOMAS CHESTNUT COO, SR VP, GLOBAL FOOD DIVISION 38.00 12.00 X 409267 320909 406278 ELIZABETH JONES VP, MARKETING 38.00 12.00 X 758332 0 7358 LESLEY MA VP, CIO 38.00 12.00 X 902688 0 241744 DAVID PURKISS VP, WATER SYSTEMS 38.00 12.00 X 1137183 0 370939 DAVID TROSIN GENEARL MANAGER, DIETARY SUPPLEMENTS 50.00 0.00 X 206617 0 19764 ROBERT E RHODES II SR. BUS DEV MANAGER 50.00 0.00 X 255985 0 7927 KANNAPPAN MANICKAM SR. DIRECTOR OF BUS APPS 38.00 12.00 X 228843 0 19483 BOB K LINDSEY SR. BUS DEV MANAGER 50.00 0.00 X 274109 0 25902 SHARON B DEVINE GLOBAL DIRECTOR, COMMUNICATIONS 38.00 12.00 X 194816 0 21465 11082607 871899 3711029 162 0 1 0 KORN FERRY (US) 1900 AVENUE OF THE STARS SUITE 260 LOS ANGELES CA 90067 STAFFING AND RECRUITING 1016385 HTC GLOBAL SERVICES INC 3855 SOLUTIONS CENTER CHICAGO IL 60677 STAFFING AND RECRUITING 854816 ZENO GROUP INC 130 EAST RANDOLPH DRIVE SUITE 3000 CHICAGO IL 60601 MARKETING 832675 AON CONSULTING INC 131 S DEARBORN 6TH FLOOR CHICAGO IL 60603 COMPENSATION CONSULTING 557045 DELOITTE & TOUCHE LLP 200 RENAISSANCE CENTER STE 3900 DETROIT MI 48243 AUDIT AND ASSURANCE 512178 46 WATER SYSTEMS 541380 80518983 80518983 FOOD EQUIPMENT 541380 24643981 24643981 HEALTH SCIENCES 541380 14753952 14753952 APPLIED RESEARCH CENTER 541380 1959335 1959335 STANDARDS DEV & MAINTENANCE 541700 341436 341436 43934 43934 122261621 2415646 830906 1584740 504587 18724 504587 18724 0 0 10366982 10386675 1182183 -19693 -1182183 -1201876 -1201876 123475391 122261621 830906 382864 X 176147 176147 7571162 4542697 3028465 43524957 32885494 10639463 2366955 1056336 1310619 3574317 2889370 684947 3423857 2557367 866490 130981 24878 106103 1141898 417187 724711 103829 103829 61274 61274 8109216 4785709 3323507 1313297 324704 988593 4157133 3091983 1065150 4120509 1222131 2898378 3289665 228269 3061396 816656 696163 120493 159075 13833 145242 3241746 3241746 8088817 8088817 6688905 1966366 4722539 1191487 1191487 TAXES AND FEES 1402302 932723 469579 RECRUITING 1238896 1238896 ACCREDITATION FEES 452139 449768 2371 ALLOCATED CORP OVERHEAD 235434 235434 460432 3656250 -3195818 107041086 70241626 36799460 0 4819 4044627 9791185 7969451 29158298 38532350 4737108 3497138 135378498 70160986 70562286 65217512 22177930 12312742 251347084 249883476 261145 257462 84659582 103199692 472699437 484914450 4236911 7302686 1227689 1057029 4429069 5085956 10661450 0 115390998 89000000 38187323 68906103 174133440 171351774 X 298565997 313562676 298565997 313562676 472699437 484914450 X 16434305 -302806 -1134820 X 0 1 X 1 0 X 1430450 3520000 4950450 64051348 24319715 39731633 4263352 2341703 1921649 58926282 42098046 16828236 3187066 1401522 1785544 65217512 INVESTMENT IN SUBSIDIARIES 249883476 C 249883476 RELATED PARTY RECEIVABLE 96810323 WORK IN PROCESS 6016996 DEPOSITS AND ADVANCES 211151 FEDERAL INCOME TAXES RECEIVABLE 3227 DEBT ISSUANCE COSTS 157995 103199692 ACCRUED EMPLOYEE BENEFITS 939479 ACCRUED INCENTIVE PLANS 11902298 ACCRUED MISCELLANEOUS EXPENSES 379362 ACCRUED OTHER TAXES 259744 ACCRUED PENSION 13980294 ACCRUED PLASTICS REBATES 586402 ACCRUED PROPERTY TAXES 38460 INTEREST PAYABLE 246979 INTERCOMPANY PAYABLE 31180887 RELATED PARTY PAYABLE 106370 ACCRUED PAYROLL 9285828 68906103 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 1 2 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 1110641 EAST ASIA AND THE PACIFIC 11 35 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 23816760 EUROPE (INCLUDING ICELAND & GREENLAND) 27 82 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 28497783 MIDDLE EAST AND NORTH AFRICA 2 3 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 3540083 NORTH AMERICA 2 53 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 10934400 SOUTH AMERICA 19 11 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 1133745 SOUTH ASIA 2 5 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 2274355 SUB-SAHARAN AFRICA 1 1 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 566201 RUSSIA AND NEIGHBORING STATES 0 0 PROGRAM SERVICE WATER TREATMENT DEVICES PLUMBING COMPONENTS, AND FOOD EQUIPMENT TESTING 149727 EAST ASIA AND THE PACIFIC 0 0 INVESTMENTS 12326608 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 5077754 NORTH AMERICA 0 0 INVESTMENTS 6286140 65 192 0 0 65 192 71873968 23840229 95714197 0 0 1 0 0 1 PART III ACCOUNTING METHOD: PART I, LINE 3: ACCRUAL ACCOUNTING METHOD IS USED. 1 UNITED WAY OF WASHTENAW COUNTY 2305 PLATT ROAD ANN ARBOR MI 48103 381951024 501(C)(3) 74772 GENERAL SUPPORT THE WOMEN'S CENTER OF SOUTHEASTERN MICHIGAN 501 S MAPLE ROAD ANN ARBOR MI 48103 364338567 501(C)(3) 10000 GENERAL SUPPORT CLEARY UNIVERSITY 3750 CLEARY DRIVE HOWELL MI 48843 381393841 501(C)(3) 25000 GENERAL SUPPORT ANN ARBOR SPARK 330 EAST LIBERTY STREET ANN ARBOR MI 48105 382436899 501(C)(6) 10000 GENERAL SUPPORT WASHTENAW HOUSING ALLIANCE PO BOX 7993 ANN ARBOR MI 48107 383551639 501(C)(3) 5000 GENERAL SUPPORT UNIVERSITY OF TOLEDO FOUNDATION 4510 DORR STREET TOLEDO OH 43615 346555110 501(C)(3) 30000 GENERAL SUPPORT ANN ARBOR HANDS ON MUSEUM 220 EAST ANN STREET ANN ARBOR MI 48104 382236345 501(C)(3) 5000 GENERAL SUPPORT FISHER HOUSE MICHIGAN 3250 PLYMOUTH ROAD ANN ARBOR MI 48105 812586691 501(C)(3) 10000 GENERAL SUPPORT 7 1 PART I, LINE 2: PRIOR TO ISSUANCE OF GRANTS, THE ORGANIZATION CONFIRMS THAT FUND RECIPIENTS ARE QUALIFYING SEC. 501(C) ORGANIZATIONS AS NOTED ON IRS TAX EXEMPT ORGANIZATION DATABASE. FOR 501(C)(3) AND 501(C)(6) ORGANIZATIONS NO ADDITIONAL MONITORING OF FUNDS IS CONDUCTED. X 1 1 X X X X 0 1 0 0 0 0 0 1 0 KEVAN P LAWLOR PRESIDENT, CEO / BOARD MEMBER 713317 0 301464 0 2567132 0 1142456 0 26379 0 4750748 0 2547632 0 DAVID PURKISS VP, WATER SYSTEMS 290142 0 58905 0 788136 0 346594 0 24345 0 1508122 0 768636 0 LESLEY MA VP, CIO 568688 0 314500 0 19500 0 220273 0 21471 0 1144432 0 0 0 THOMAS CHESTNUT COO, SR VP, GLOBAL FOOD DIVISION 250108 182024 0 138885 159159 0 383238 0 9867 13173 802372 334082 139659 0 MICHAEL P WALSH VP, CFO 340677 0 98741 0 175036 0 427271 0 23795 0 1065520 0 155536 0 ELIZABETH JONES VP, MARKETING 145755 0 86493 0 526084 0 0 0 7358 0 765690 0 526084 0 KAREN KREZA VP, HUMAN RESOURCES 279255 0 175294 0 63079 0 148983 0 25846 0 692457 0 43579 0 JULIE TIMMER VP AND GENERAL COUNSEL 304848 0 89606 0 60464 0 213638 0 5206 0 673762 0 40964 0 MARTIN LUSH VP, HEALTH SCIENCES 0 349412 0 98367 0 0 0 62831 0 9052 0 519662 0 0 COLLETTE LAFORCE VP, CMO 348180 0 25000 0 19500 0 64376 0 3916 0 460972 0 0 0 JOEL SCHELLHAMMER VP, CSIO 183623 0 25000 0 19500 0 146781 0 7210 0 382114 0 0 0 BOB K LINDSEY SR. BUS DEV MANAGER 117868 0 156241 0 0 0 0 0 25902 0 300011 0 0 0 ROBERT E RHODES II SR. BUS DEV MANAGER 120344 0 135641 0 0 0 0 0 7927 0 263912 0 0 0 KANNAPPAN MANICKAM SR. DIRECTOR OF BUS APPS 171595 0 57248 0 0 0 0 0 19483 0 248326 0 0 0 DAVID TROSIN GENEARL MANAGER, DIETARY SUPPLEMENTS 177142 0 29475 0 0 0 0 0 19764 0 226381 0 0 0 SHARON B DEVINE GLOBAL DIRECTOR, COMMUNICATIONS 194816 0 0 0 0 0 0 0 21465 0 216281 0 0 0 PART I, LINE 1A: EXPENSES PAID FOR TRAVEL FOR COMPANIONS WERE INCURRED FOR THE FOLLOWING INDIVIDUALS IN 2020: RICHARD RABBIDEAU THE TRAVEL EXPENSES INCLUDED SPOUSE AIRFARE AND SEAT FEES. THE BENEFITS RECEIVED FOR THE COMPANION TRAVEL WAS TREATED AS TAXABLE COMPENSATION TO THE INDIVIDUAL LISTED ABOVE. 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 PARTICIPANT 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 2020: - KEVAN LAWLOR $1,918,161 - DAVID PURKISS $730,302 - ELIZABETH JONES $234,050 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 CURRENT PLAN (ESTABLISHED IN 2016) 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 4D, OTHER PROGRAM SERVICES: APPLIED RESEARCH CENTER (ARC) PROVIDES CUSTOMIZED BIO ANALYTICAL TEST SERVICES AND CONSULTATION IN THE GOVERNMENT AND ACADEMIA SECTORS. EXPENSES $ 1,501,833. INCLUDING GRANTS OF $ 0. REVENUE $ 1,959,335. STANDARDS DEVELOPMENT AND MAINTENANCE: 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. EXPENSES $ 885,666. INCLUDING GRANTS OF $ 0. REVENUE $ 341,436. OTHER PROGRAMS EXPENSES $ 181,439. INCLUDING GRANTS OF $ 0. REVENUE $ 43,934. 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 DONE IN JANUARY 2021. 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 2018, WITH A NEW STUDY PLANNED FOR 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 IX, LINE 24E, ALL OTHER FUNCTIONAL EXPENSES: ALLOCATION OF OVERHEAD EXPENSES: PROGRAM SERVICE EXPENSES 3,257,948. MANAGEMENT AND GENERAL EXPENSES (3,257,948). FUNDRAISING EXPENSES 0. TOTAL EXPENSES 0. MEMBERSHIPS AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 192,963. MANAGEMENT AND GENERAL EXPENSES 29,222. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 222,185. BAD DEBT: PROGRAM SERVICE EXPENSES 176,439. MANAGEMENT AND GENERAL EXPENSES 32,908. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 209,347. MISCELLANEOUS EXPENSE: PROGRAM SERVICE EXPENSES 28,900. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,900. TOTAL OTHER EXPENSES ON FORM 990, PART IX, LINE 24E, COL A 460,432. FORM 990, PART XI, LINE 9: DIVIDEND INCOME (FOR 990, NOT BOOKS) -1,134,820. AMAREX CLINICAL RESEARCH LLC 20201 CENTURY BLVD SUITE 450 GERMANTOWN MD 20874 522138315 MEDICAL DEVICE AND PHARMA/BIOTECH CONSULTING MD NSF HEALTH SCIENCES LLC RELATED 6803048 93212117 0 1 0.69600 AMAREX TAIWAN LLC 20201 CENTURY BLVD SUITE 450 GERMANTOWN MD 20874 822032375 MEDICAL DEVICE AND PHARMA/BIOTECH CONSULTING MD NSF HEALTH SCIENCES LLC RELATED 613499 1175717 0 1 0.69600 AMAXON LLC 9400 KEY WEST AVENUE ROCKVILLE MD 20850 831881519 CLINICAL RESEARCH MD AMAREX CLINICAL RESEARCH LLC RELATED -456 17594 0 0 0.50000 NSF EURO CONSULTANTS SA AVENUE PASTEUR 21 WAVRE BE FOOD SAFETY AUDITS AND CONSULTING BE NSF INTERNATIONAL UK LTD C -1378039 12278281 1.00000 1 NSF BRAZIL - PRESTAO DE SERVIOS DE ANLISES E CERTIFICAO LTDA PALERMO STREET 257 VIAMAO VILA SANTA ISABEL RS BR ISO 9000/1400 AND REGISTRATION SERVICES BR NSF INTERNATIONAL STRATEGIC REGISTRATIONS LTD C -850758 4336319 1.00000 1 EC BUL LTD 87 KNIAZ ALEKSANDAR DONDUKOV BLVD SOFIA BU FOOD SAFETY AUDITS AND CONSULTING BU NSF EURO 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