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        <NontaxableBenefitsFilingOrg>14138</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>329060</TotalCompensationFilingOrg>
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        <NamePerson>LYNN CLAUDY</NamePerson>
        <BaseCompensationFilingOrg>291224</BaseCompensationFilingOrg>
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        <TotalCompensationFilingOrg>326617</TotalCompensationFilingOrg>
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        <NamePerson>JERIANNE TIMMERMAN</NamePerson>
        <BaseCompensationFilingOrg>227230</BaseCompensationFilingOrg>
        <BonusFilingOrg>6031</BonusFilingOrg>
        <OtherCompensationFilingOrg>25975</OtherCompensationFilingOrg>
        <DeferredCompFilingOrg>8250</DeferredCompFilingOrg>
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      <Form990ScheduleJPartIII>
        <Identifier>Pt I Line 1b</Identifier>
        <Explanation>Travel for the President's spouse was paid and reported on his W-2 in accordance with NAB's spousal travel policy.</Explanation>
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        <NameOfInterestedPerson>
          <NamePerson>JANE MAGO</NamePerson>
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        <Relationship>Key employee</Relationship>
        <AmountOfTransaction>51342</AmountOfTransaction>
        <DescriptionOfTransaction>Relative is an NAB employee</DescriptionOfTransaction>
        <SharingOfRevenues>false</SharingOfRevenues>
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      <GeneralExplanation>
        <Identifier>Pt VI, Line 6</Identifier>
        <Explanation>NAB is a membership organization for the broadcasting industry. There are two classes of</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>members: Active (Radio and TV) and Associate.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7a</Identifier>
        <Explanation>NAB has a Radio Board and Television Board. The Radio Board may have no more than</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>35 members, ten of which are appointed by the Board and the remainder is elected from</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>each radio district by ballot. The Television Board may have no more than 26 members,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>six seats are appointed by the Executive Committee, two are appointed by the Television</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Board and the remainder is elected by the membership.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 11a</Identifier>
        <Explanation>The 990 is prepared and reviewed by the Office of the Controller and reviewed</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>by the Chief Financial Officer, President, and the Audit &amp; Executive Committees.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 12c</Identifier>
        <Explanation>Annually, NAB staff review and sign a conflict of interest/business ethics</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>policy that provides guidance on: avoiding conflicts of interest, avoiding undue influence,</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>and limitations on the acceptance of gifts. Corporate Counsel</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>provides quarterly reports to Chief Operating Officer on any known</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>conflict of interest as well as staff queries regarding conflicts of interest.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>Any conflicts not resolved are brought to the attention of the Audit Committee</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>and/or Executive Committee.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 15</Identifier>
        <Explanation>The CEO's compensation is determined by the Compensation Committee after a review</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>of the CEO's activities and accomplishments for the year. There is discussion and</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>deliberation and they are provided with comparable data, as available. Their determination</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>is provided to the CFO for implementation.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 19</Identifier>
        <Explanation>NAB does not make its governing documents, policies and financial statements available</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Explanation>to the public except at its discretion on a case by case basis.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI</Identifier>
        <Explanation>NAB acquired net assets of MSTV (Association for Maximum Services Television, Inc.) in June 2011.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI</Identifier>
        <Explanation>Net assets from the acquisition totaled $2,168,487.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt XI</Identifier>
        <Explanation>Line 5 includes MSTV net assets of $2,168,487 minus unrealized losses of $357,035. Total reported = $1,811,453.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>Acquisition of MSTV (Association for Maximum Services Television, Inc.) This enabled NAB to increase</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Form 990, Part IX, Line 24f</Identifier>
        <Explanation>STAFF DEVELOPMENT 50353.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>its strategic capabilities in order to address significant technological and advocacy issues</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>facing the television and radio broadcast industry.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>NAB Labs is a multimillion dollar program that provides a platform for innovation, a venue for</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>forging partnerships and testing new technology, and educational events to create</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt III, Line 2</Identifier>
        <Explanation>awareness about over-the-air radio and television technology initiatives.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>Pt VI, Line 7b</Identifier>
        <Explanation>Members approved acquisition of Association for Maximum Service Television, Inc. (MSTV)</Explanation>
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          <City>WASHINGTON</City>
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