Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | NATIONAL ASSOCIATION OF BROADCASTERS (NAB) IS A MEMBERSHIP ORGANIZATION FOR THE BROADCASTING INDUSTRY WITH TWO CLASSES OF MEMBERS: ACTIVE (RADIO AND TV) AND ASSOCIATE. |
| FORM 990, PART VI, SECTION A, LINE 7A | NAB HAS A RADIO BOARD AND TELEVISION BOARD. THE RADIO BOARD MAY HAVE NO MORE THAN 35 MEMBERS, TEN OF WHOM ARE APPOINTED BY THE BOARD AND THE REMAINDER OF WHOM ARE ELECTED FROM EACH RADIO DISTRICT BY BALLOT. THE TELEVISION BOARD MAY HAVE NO MORE THAN 26 MEMBERS: SIX SEATS ARE APPOINTED BY THE EXECUTIVE COMMITTEE, TWO ARE APPOINTED BY THE TELEVISION BOARD, AND THE REMAINDER ARE ELECTED BY THE MEMBERSHIP. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED AND REVIEWED BY THE OFFICE OF THE CONTROLLER AND REVIEWED BY THE CONTROLLER AND AUDIT COMMITTEE. THE FORM 990 IS ALSO MADE AVAILABLE TO THE BOARD PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY, NAB STAFF REVIEW AND SIGN A CONFLICT OF INTEREST/BUSINESS ETHICS POLICY THAT PROVIDES GUIDANCE ON AVOIDING CONFLICTS OF INTEREST AND UNDUE INFLUENCE, AS WELL AS SPELLING OUT LIMITATIONS ON THE ACCEPTANCE OF GIFTS. CORPORATE COUNSEL PROVIDES QUARTERLY REPORTS TO THE CHIEF OPERATING OFFICER ON ANY KNOWN CONFLICTS OF INTEREST, AND ALSO ADDRESSES STAFF INQUIRIES REGARDING CONFLICTS OF INTEREST. ANY CONFLICTS NOT RESOLVED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE AND/OR EXECUTIVE COMMITTEE. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE CHIEF EXECUTIVE OFFICER (CEO)'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW OF THE CEO'S ACTIVITIES AND ACCOMPLISHMENTS FOR THE YEAR. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CONTROLLER FOR IMPLEMENTATION. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW OF THE ACTIVITIES AND ACCOMPLISHMENTS OF THE OFFICERS AND KEY EMPLOYEES FOR THE YEAR. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CONTROLLER FOR IMPLEMENTATION. |
| FORM 990, PART VI, SECTION C, LINE 19 | NAB DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC EXCEPT AT ITS DISCRETION ON A CASE BY CASE BASIS. |
| FORM 990, PART XI, LINE 9: | PENSION ADJUSTMENT -1,692,676. |
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