Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| Form 990, Part III, Line 3 | In November of 2022, after evaluating our short- and mid-term financial condition vis-a-vis upcoming obligations, especially with regard to event and venue contracts for 2023, NANPA formed a partnership with one of our sister photography associations, the American Society of Media Photographers (ASMP). The agreement requires that ASMP operates all of NANPAs programming and events, very much like an external Association Management Company does, and also required that ASMP assumed responsibility for and paid in full all of NANPAs existing and future contractual obligations. To facilitate this, NANPA transferred its operating funds to ASMP; the agreement however maintained the majority of NANPAs reserve (non-operating) funds in a separate account at ASMP, only usable with the consent of the NANPA Board and a group of other key NANPA stakeholders. As a part of this partnership, both organizations get to cross-market and attend each others events at member rates, and have access to each others resources and benefits. During the period of partnership, NANPA maintains its own members, its own elected Board of Directors and Committees, and most importantly the right to claw back funds and end the partnership should ASMP fail to meet any of its obligations. |
| Form 990, Part VI, Section B, Line 11b | AFTER THE FISCAL YEAR END, THE FINANCIAL INFORMATION IS PROVIDED TO THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT FOR REVIEW AND PREPARATION OF THE FORM 990. ONCE THIS PROCESS IS COMPLETE, THE FIRST DRAFT OF THE FORM 990 IS REVIEWED BY THE ORGANIZATIONS EXECUTIVE DIRECTOR & BOOKKEEPER. SUBSEQUENTLY, THE FORM 990 IS THEN SIGNED BY THE APPROPRIATE NON PROFIT OFFICIAL AND THE RETURN IS FILED. |
| Form 990, Part VI, Section C, Line 19 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. |
| Form 990, Part XI, Line 9 | TRANSFER OF FUNDS TO ASMP = -$436323 |
| Software ID: | 22015553 |
| Software Version: | 2022v5.0 |