2021-05-14T18:05:14-05:00 2020-12-31 135565207 KPMG LLP 1201 DEMONBREUN STREET SUITE 1100 NASHVILLE TN 37203 990 2020-01-01 940707299 NATIONAL FEDERATION OF INDEPENDENT BUSINESS INC NATI 6158725800 53 CENTURY BOULEVARD STE 250 NASHVILLE TN 372143682 JEFF SMITH VP/TREASURER 6158725800 2021-05-14 1 JEFF SMITH 999009999 BAXTER WILDER P01212441 6152441602 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z BRAD CLOSE 555 12TH STREET NW STE WASHINGTON DC 20004 99187992 0 X WWW.NFIB.COM X 1949 CA NATIONAL FEDERATION OF INDEPENDENT BUSINESS' MISSION IS TO PROMOTE AND PROTECT THE RIGHTS OF ITS MEMBERS TO OWN, OPERATE AND GROW THEIR BUSINESSES. 12 11 902 0 894778 0 2332616 2858747 87360513 83749001 2990213 2406228 4507909 3792463 97191251 92806439 149592 444615 0 0 69927106 63518421 268453 468188 0 26234237 18471022 96579388 82902246 611863 9904193 47721464 58748789 63933810 67478289 -16212346 -8729500 X PLEASE SEE SCHEDULE O 0 0 NFIB IS A NONPARTISAN ADVOCACY ORGANIZATION THAT REPRESENTS SEVERAL HUNDRED THOUSAND SMALL AND INDEPENDENT BUSINESSES IN ALL FIFTY STATES. NFIB LOBBIES ON BEHALF OF SMALL AND INDEPENDENT BUSINESS AT THE FEDERAL LEVEL AND IN ALL FIFTY STATES. THROUGH ITS COMMUNICATION ACTIVITIES, NFIB ALSO PROVIDES ITS MEMBERS, ELECTED OFFICIALS, NEWS MEDIA AND THE GENERAL PUBLIC WITH INFORMATION REGARDING THE IMPORTANCE OF SMALL AND INDEPENDENT BUSINESS AND THE VALUE OF THE FREE ENTERPRISE SYSTEM. NFIB ALSO CONDUCTS RESEARCH ON SMALL BUSINESS POLICY-RELATED ISSUES AND ECONOMIC TRENDS. 0 1 1 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 108 0 1 902 1 1 1 0 0 0 1 1 0 1 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA FL X JEFF SMITH 6158725800 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 BRAD CLOSE PRESIDENT 37.00 3.00 X X 770604 0 55070 TOM BRYCE CHAIRMAN 1.00 0.75 X 36000 0 249 MARIA DAVID DIRECTOR 1.00 0.75 X 24898 0 249 NEVIN GROCE DIRECTOR 1.00 0.75 X 24608 0 249 PATTI MELLARD DIRECTOR 1.00 0.75 X 24000 0 249 GREG POWELL DIRECTOR 1.00 0.75 X 24000 0 249 JOSE VILLA DIRECTOR 1.00 0.75 X 22500 0 249 STEVE SCHRAMM DIRECTOR 1.00 0.75 X 20819 0 249 SAM CHAMBERLAIN DIRECTOR 1.00 0.75 X 19200 0 249 DOUGLASS HENRY DIRECTOR 1.00 0.75 X 19200 0 249 JEFF READY DIRECTOR 1.00 0.75 X 19200 0 249 SHERRY WUEBBEN DIRECTOR 1.00 0.75 X 19200 0 249 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 37.00 3.00 X 529645 0 29991 TAMMY S BOEHMS SVP/CFO 37.00 3.00 X 455558 0 32342 JOHN CASELLA SVP 40.00 0.00 X 426278 0 55197 MARY BLASINSKY SVP/ASST SECRETARY 37.00 3.00 X 362287 0 32005 JANET CONNOR VP 40.00 0.00 X 294591 0 40176 TIM FRANKE VP 40.00 0.00 X 272461 0 53416 ADAM TEMPLE VP 40.00 0.00 X 267454 0 34581 JEFF SMITH TREASURER 37.00 3.00 X 228853 0 40322 KEVIN KUHLMAN VP 40.00 0.00 X 219594 0 14138 MINDY KUBRIN FIELD SALES REP 40.00 0.00 X 372733 0 35401 ROBERT JOHNSON FIELD SALES REP 40.00 0.00 X 291664 0 31716 LYLE PAYNE FIELD SALES REP 40.00 0.00 X 276861 0 11996 GARY SELVY REGIONAL SGR EXEC DIRECTOR 40.00 0.00 X 244477 0 24357 VICKI WILLIS TELEPHONE REGION SALES DIR 40.00 0.00 X 243449 0 19422 JUANITA D DUGGAN FORMER PRESIDENT 0.00 0.00 X 1323952 0 87657 6834086 0 600526 176 1 1 0 NATIONAL CAPITAL TELESERVICES LLC 300 5TH STREET NE WASHINGTON DC 20002 TELEMARKETING 461596 ABILA INC 10800 PECAN PARK BLVD STE 400 AUSTIN TX 78750 SOFTWARE SERVICE 400114 FORMCO 2407 FELTS AVENUE NASHVILLE TN 37211 PRINTING 391129 SALESFORCECOM INC PO BOX 203141 DALLAS TX 75320 SOFTWARE SERVICE 266141 INDEED INC PO BOX 660367 DALLAS TX 75266 STAFFING 193309 17 2858747 2858747 MEMBERSHIP DUES 541900 83738866 83738866 REGISTRATION FEES 541900 10135 10135 83749001 810161 810161 2279372 2279372 625287 274116 351171 351171 351171 7703504 6085010 22427 1618494 -22427 1596067 1596067 AFFILIATE MANAGEMENT INCOME 541900 822533 822533 QUALIFIED SPONSORSHIP UNDER 513(I 541800 201750 201750 OTHER INCOME 541800 98970 65392 33578 38667 38667 1161920 92806439 83814393 894778 5238521 444615 4080950 40709392 10074751 4890596 3762732 186633 114071 1256303 468188 130266 2437568 207833 4784050 2338545 3063203 2737468 151567 16019 780217 267279 82902246 838994 7638785 1500158 1510330 184594 177865 1707649 1399476 16338218 12367039 3575092 3971179 38673697 43052122 1241280 999032 47721464 58748789 46675264 47174261 17206448 20185399 52098 118629 63933810 67478289 X -16499517 -8884937 287171 155437 -16212346 -8729500 47721464 58748789 X 9904193 2039761 -4461108 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35000 35000 35000 1 REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 250 WASHINGTON DC 20006 113655877 10000 REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F STREET NW STE 675 WASHINGTON DC 20004 050532524 25000 0 0 0 86523955 33046887 33046887 42979745 -9932858 SCHEDULE C PART I-A NFIB PAID MEMBERSHIP DUES TO FEDERAL POLITICAL ORGANIZATIONS TO GAIN INSIGHT ON ISSUES RELEVANT TO ITS MEMBERS. 794900 794900 4765700 3557243 1208457 317281 165814 151467 7524108 6907599 616509 2936229 1736383 1199846 3971179 DUE TO AFFILIATES 118629 118629 X PART X, LINE 2: ASC TOPIC 740 FOOTNOTE THE FEDERATION IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE), AND IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME PURSUANT TO SECTION 501(A) OF THE CODE. THE FEDERATION IS, HOWEVER, SUBJECT TO FEDERAL AND STATE INCOME TAX ON UNRELATED BUSINESS INCOME. THE FEDERATION GENERATES INCOME FROM ADVERTISING ACTIVITIES RELATED TO DIGITAL PUBLICATIONS. ADVERTISING INCOME IS SUBJECT TO TAXATION UNDER SECTION 512 OF THE CODE. THE FEDERATION'S ADVERTISING INCOME GENERATED NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2020. THE FEDERATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR THE YEAR ENDED DECEMBER 31, 2020. X X X X 1 NATIONAL CAPITAL TELESERVICES LLC 300 5TH ST NE WASHINGTON DC 20002 TELEMARKET FUNDRAISING 0 1072740 468188 604552 1072740 468188 604552 1 NFIB THE VOICE OF FREE ENTERPRISE INC 53 CENTURY BLVD STE 250 NASHVILLE TN 37214 273615830 501C4 377615 GENERAL SUPPORT COALITION OF MINNESOTA BUSINESSES 80 S 8TH ST STE 4150 MINNEAPOLIS MN 55402 411685181 501C6 20000 GENERAL SUPPORT REPUBLICAN STATE LEADERSHIP COMMITTEE 1201 F SREET NW STE 675 WASHINGTON DC 20004 050532524 527 25000 GENERAL SUPPORT REPUBLICAN GOVERNORS ASSOCIATION 1747 PENNSYLVANIA AVE NW STE 250 WASHINGTON DC 20006 113655877 527 10000 GENERAL SUPPORT GENERAL SUPPORT 0 4 SCHEDULE I, PART 1, LINE 2 NFIB PROVIDED GRANTS TO AN AFFILIATED ORGANIZATION TO HELP FURTHER THE EXEMPT PURPOSE OF THAT ORGANIZATION. NFIB ALSO MADE CONTRIBUTIONS TO CHARITABLE AND OTHER EXEMPT ORGANIZATIONS WHICH SHARE IN NFIB'S MISSION TO PROMOTE AND PROTECT THE RIGHTS OF SMALL BUSINESSES AND USE OF THESE FUNDS IS MONITORED ACCORDINGLY. X X X 1 1 X X X X 1 1 0 JUANITA D DUGGAN FORMER PRESIDENT 77438 0 126563 0 1119951 0 86041 0 1616 0 1411609 0 171031 0 BRAD CLOSE PRESIDENT 589335 0 85000 0 96269 0 12719 0 42351 0 825674 0 0 0 DAVID ADDINGTON EVP/SECRETARY/PARLIAMENTARIAN 443425 0 79090 0 7130 0 9975 0 20016 0 559636 0 0 0 TAMMY S BOEHMS SVP/CFO 357762 0 60000 0 37796 0 13903 0 18439 0 487900 0 0 0 JOHN CASELLA SVP 328272 0 86485 0 11521 0 13013 0 42184 0 481475 0 0 0 MINDY KUBRIN FIELD SALES REP 217130 0 152533 0 3070 0 9975 0 25426 0 408134 0 0 0 MARY BLASINSKY SVP/ASST SECRETARY 206019 0 63507 0 92761 0 9777 0 22228 0 394292 0 0 0 JANET CONNOR VP 252768 0 35475 0 6348 0 12826 0 27350 0 334767 0 0 0 TIM FRANKE VP 245746 0 22213 0 4502 0 12769 0 40647 0 325877 0 0 0 ROBERT JOHNSON FIELD SALES REP 167250 0 120173 0 4241 0 5997 0 25719 0 323380 0 0 0 ADAM TEMPLE VP 244258 0 20280 0 2916 0 5549 0 29032 0 302035 0 0 0 LYLE PAYNE FIELD SALES REP 173215 0 99171 0 4475 0 0 0 11996 0 288857 0 0 0 JEFF SMITH TREASURER 204520 0 20140 0 4193 0 10867 0 29455 0 269175 0 0 0 GARY SELVY REGIONAL SGR EXEC DIRECTOR 201140 0 17949 0 25388 0 6324 0 18033 0 268834 0 0 0 VICKI WILLIS TELEPHONE REGION SALES DIR 210744 0 29513 0 3192 0 7612 0 11810 0 262871 0 0 0 KEVIN KUHLMAN VP 201599 0 15444 0 2551 0 6925 0 7213 0 233732 0 0 0 SCHEDULE J, PART I, LINE 1A - TRAVEL FOR COMPANIONS: UPON APPROVAL, A BOARD MEMBER'S COMPANION TRAVEL EXPENSES PAID BY NFIB ARE INCLUDED IN THE BOARD MEMBER'S FORM 1099 AS TAXABLE INCOME. UPON APPROVAL, AN EMPLOYEE'S COMPANION TRAVEL EXPENSES PAID OR REIMBURSED BY NFIB ARE INCLUDED IN THE EMPLOYEE'S TAXABLE WAGES AS A TAXABLE "FRINGE BENEFIT AND TREATED AS SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: NFIB HAS NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLANS. PLAN PROVISIONS PROVIDE THAT ALL AFTER TAX BENEFITS BE GROSSED UP. DISCRETIONARY SPENDING ACCOUNT: AS PER COMPANY POLICY AND UPON APPROVAL, OFFICERS AND EXECUTIVE MANAGEMENT OF THE COMPANY RECEIVE CELLULAR PHONE/DATA SERVICE ALLOWANCE. IN COMPLIANCE WITH IRS CODE SECTION 132 THESE FRINGE BENEFITS ARE TREATED AS TAXABLE SALARY, SUBJECT TO WITHHOLDING, ON THE EMPLOYEE'S FORM W-2. SCHEDULE J, PART I, LINE 4A - SEVERANCE PAYMENTS PER A SEPARATION AGREEMENT, JUANITA D DUGGAN RECEIVED SEVERANCE PAYMENTS IN THE AMOUNT OF $67,209 FOR A PERIOD OF 11 MONTHS. AT DECEMBER 31, 2020 SEVERANCE OF $78,350 WAS ACCRUED AND IS REPORTED ON SCHEDULE J, PART II, COLUMN (C). SCHEDULE J, PART I, LINE 4B - SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN NFIB PROVIDES A NONQUALIFIED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP) THAT COVERS MARY BLASINSKY AND TAMMY S BOEHMS. PARTICIPATION IN THIS SERP HAS BEEN FROZEN AND FUTURE BENEFIT ACCRUALS FOR THE PLAN HAVE CEASED. IN 2016, NFIB ESTABLISHED A SERP FOR JUANITA D DUGGAN. AT HER TERMINATION DATE OF FEBRUARY 5, 2020, THE PARTICIPANT EARNED $188,134 AND TAX GROSS UP OF $175,762 WHICH WAS 100% VESTED. THE PLAN REQUIRES THAT VESTED FUNDS BE PAID IN A LUMP SUM TO THE PLAN PARTICIPANT NO LATER THAN 30 DAYS AFTER TERMINATION OF EMPLOYMENT. ON FEBRUARY 27, 2020, VESTED BENEFITS OF $571,734 WERE PAID TO THE TERMINATED PARTICIPANT. AT DECEMBER 31, 2020 THERE WERE NO ACTIVE PARTICIPANTS IN THIS PLAN. FORM 990, PART III, LINE 1: THE PURPOSES FOR WHICH THIS CORPORATION IS ORGANIZED ARE: 1. TO PROMOTE THE ECONOMIC, FINANCIAL AND POLITICAL WELFARE OF ITS MEMBERS; TO ELEVATE THE PRESTIGE AND STANDING OF THE INDEPENDENT SMALL BUSINESS OWNER IN HIS/HER COMMUNITY; TO ORGANIZE THE INDEPENDENT OR SMALL BUSINESS OWNER INTO AN ASSOCIATION TO THE END THAT HIS/HER VOICE MAY BE HEARD EFFECTIVELY IN STATE AND NATIONAL AFFAIRS AFFECTING SMALL BUSINESS. 2. TO PRESERVE, PROTECT, PROMOTE AND DEVELOP THE AMERICAN SYSTEM OF PRIVATE ENTERPRISE BY PROMOTING AND DEVELOPING LAWS AND REGULATIONS HELPFUL AND BENEFICIAL TO, AND FOR THE PRESERVATION OF, SMALL BUSINESS. 3. TO CONDUCT POLLS AMONG ITS MEMBERS ON MATTERS OF IMPORTANCE CONCERNING AND AFFECTING SMALL BUSINESS AND ITS PROBLEMS, AND TO COLLECT, COMPILE AND DISSEMINATE INFORMATION OVER THE AIR AND THROUGH THE PRESS RELATING THERETO TO ITS MEMBERS AND THE GENERAL PUBLIC. 4. TO EXPOSE AND RESIST CORRUPTION IN GOVERNMENT AND TO SECURE HONESTY, EFFICIENCY AND ECONOMY IN NATIONAL, STATE, AND LOCAL GOVERNMENTS. 5. TO CARRY ON AN EDUCATIONAL CAMPAIGN AMONG ITS MEMBERS AND THE GENERAL PUBLIC AND IN THIS CONNECTION, TO PUBLISH MEMBER COMMUNICATIONS AND PROVIDE A WEBSITE FOR THE PURPOSE OF DISSEMINATING INFORMATION AND IDEAS TO ITS MEMBERS AND TO THE PUBLIC RELATING TO PROBLEMS VITAL AND OF INTEREST TO SMALL BUSINESS, WITH A VIEW TO LAWFULLY INFLUENCING THE PASSAGE OF LEGISLATION BENEFICIAL TO ITS MEMBERS AND THE GENERAL PUBLIC, AND THE DEFEAT OF LEGISLATION DEEMED TO BE INIMICAL TO SMALL BUSINESS AND THE GENERAL PUBLIC, AND FROM TIME TO TIME TO CIRCULATE ITS MEMBERSHIP AND TO SECURE THEIR SUBJECT MATTERS OF LEGISLATION AFFECTING SMALL BUSINESS. 6. TO FOSTER THE PROMOTION AND ADVANCEMENT OF CIVIC, COMMERCIAL, INDUSTRIAL AND POLITICAL WELFARE OF ITS MEMBERS IN THEIR RESPECTIVE COMMUNITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS FOLLOWING AN INDEPENDENT AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS ("NFIB") AND ITS AFFILIATES, A DRAFT OF NFIB'S FORM 990 IS PREPARED. THIS FORM 990 IS REVIEWED INTERNALLY BY NFIB'S TAX ACCOUNTANT, CONTROLLER/TREASURER, AND VP/CFO. ANY QUESTIONS ARISING FROM THE INITIAL REVIEW ARE ADDRESSED TO ENSURE THE RETURN IS COMPLETE AND ACCURATE. ANY NECESSARY CHANGES/CORRECTIONS ARE MADE ON THE FORM 990 AND THE RETURN AGAIN GOES THROUGH NFIB'S INTERNAL REVIEW PROCESS. UPON APPROVAL OF THE VP/CFO, THE RETURN IS REVIEWED BY THE CHAIR OF THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE FINAL RETURN IS THEN FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C COMPLIANCE WITH CONFLICT OF INTEREST POLICY EVERY BOARD MEMBER AND OFFICER OF NFIB IS REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION FOR OFFICERS: THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS IS RESPONSIBLE FOR REVIEWING AND RECOMMENDING THE COMPENSATION FOR THE OFFICERS. THEIR COMPENSATION IS DETERMINED ANNUALLY BY THE BOARD OF DIRECTORS. THE ORGANIZATION'S PHILOSOPHY IS FOR EXECUTIVE COMPENSATION TO BE COMPETITIVE WITH THE MARKET IN ORDER TO ATTRACT, RETAIN, AND MOTIVATE QUALIFIED EMPLOYEES. ADDITIONALLY, INCENTIVE PAY IS LINKED TO THE ACHIEVEMENT OF ORGANIZATIONAL GOALS AND IS COMPETITIVE AND CONSISTENT WITH MARKET NORMS. PERIODICALLY, THE COMMITTEE ENGAGES THE SERVICES OF OUTSIDE CONSULTING FIRMS TO PROVIDE EXPERT INFORMATION REGARDING INDUSTRY-WIDE COMPENSATION NORMS. FORM 990, PART VI, SECTION C, LINE 19 IT IS NFIB'S POLICY TO MAKE AVAILABLE FOR PUBLIC INSPECTION, UPON REQUEST, EITHER WRITTEN OR IN PERSON, ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. FUND BALANCE RECONCILIATION FORM 990, PART XI, LINE 9 EQUITY IN LOSS OF AFFILIATED ORGANIZATION (136,446) NET CHANGE IN PENSION AND POSTRETIREMENT BENEFIT PLANS (4,324,662) ----------- OTHER CHANGES IN FUND BALANCE (4,461,108) =========== NFIB SMALL BUSINESS LEGAL CENTER 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 621570449 PUBLIC LAW FIRM TN 501(C)(3) 12A-TYPE I NFIB 1 NFIB FEDERAL POLITICAL ACTION COMMITTEE 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 942532364 PAC CA 527 NFIB 1 NFIB THE VOICE OF FREE ENTERPRISE INC 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 273615830 SOCIAL WELFARE TN 501(C)(4) NFIB 1 NFIB MEMBER SERVICES CORPORATION 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 942899404 MEMBER BENEFIT CA NFIB C 2202286 842669 1.00000 1 1 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 1 NFIB MEMBER SERVICES CORPORATION A 135084 FMV NFIB THE VOICE OF FREE ENTERPRISE INC B 377615 FMV NFIB MEMBER SERVICES CORPORATION L 788401 FMV NFIB SMALL BUSINESS LEGAL CENTER L 199408 FMV NFIB SMALL BUSINESS LEGAL CENTER N 152709 FMV NFIB MEMBER SERVICES CORPORATION Q 329598 FMV NFIB SMALL BUSINESS LEGAL CENTER Q 264673 FMV NFIB THE VOICE OF FREE ENTERPRISE INC R 225641 FMV NFIB MEMBER SERVICES CORPORATION R 87873 FMV