2024-06-18T11:17:27-05:00 2023-12-31 135565207 KPMG LLP 1201 DEMONBREUN STREET SUITE 1100 NASHVILLE TN 37203 990 2023-01-01 273615830 NFIB THE VOICE OF FREE ENTERPRISE INC NFIB 6158725800 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 DAWN SIMPSON TREASURER 6158725800 2024-06-18 1 DAWN SIMPSON 999009999 0 BAXTER WILDER P01212441 6152441602 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z BRAD CLOSE 555 12TH ST NW STE 1001 WASHINGTON DC 20004 774517 0 X WWW.NFIB.COM/FREE X 2011 TN NFIB, THE VOICE OF FREE ENTERPRISE, INC.'S MISSION IS TO EDUCATE AMERICANS (SEE SCH O)NFIB, THE VOICE OF FREE ENTERPRISE, INC.'S MISSION IS TO EDUCATE AMERICANS ON ISSUES INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION & TAXATION. 10 9 0 0 0 0 380542 499246 270911 275269 6 2 0 0 651459 774517 621280 738210 0 0 0 0 0 0 7986 30179 36307 651459 774517 0 0 121690 84751 73177 36238 48513 48513 X PLEASE SEE SCHEDULE O 0 0 738210 738210 275269 DURING 2023, NFIB, THE VOICE OF FREE ENTERPRISE, INC. INFORMED THE PUBLIC ON ISSUES IMPORTANT TO THE ENTREPRENEURIAL COMMUNITY. NFIB, THE VOICE OF FREE ENTERPRISE, INC. ALSO TRACKED TAX INCREASE PROPOSALS PROBLEMATIC FOR SMALL BUSINESSES FROM THE BUILD BACK BETTER ACT. 738210 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 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 1 2 0 1 0 0 0 0 0 1 1 0 0 0 X 10 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY ME MA MN MS MO NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X DAWN SIMPSON 6158725800 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 BRAD CLOSE PRESIDENT 1.00 39.00 X X 0 1064052 62018 SAM CHAMBERLAIN CHAIRMAN 0.25 1.50 X 0 36000 249 STEVE SCHRAMM DIRECTOR 0.25 1.50 X 0 25171 249 JEFF READY DIRECTOR 0.25 1.50 X 0 24427 249 JOSE VILLA DIRECTOR 0.25 1.50 X 0 24203 249 MARIA DAVID DIRECTOR 0.25 1.50 X 0 24081 249 PATTI MELLARD DIRECTOR 0.25 1.50 X 0 19200 249 NEVIN GROCE DIRECTOR 0.25 1.50 X 0 19200 249 ROB HOLT DIRECTOR 0.25 1.50 X 0 19200 249 DOUGLASS HENRY DIRECTOR 0.25 1.50 X 0 16200 249 TOM BRYCE DIRECTOR 0.25 1.50 X 0 2200 42 DAVID ADDINGTON SECRETARY/PARLIAMENTARIAN 1.00 39.00 X 0 669371 30937 JEFF SMITH CFO 1.00 39.00 X 0 426449 51630 CHRIS PITTS ASST SECRETARY 1.00 39.00 X 0 337699 27928 KIPP MALONEY VP 1.00 39.00 X 0 319346 35484 DAWN SIMPSON TREASURER 1.00 39.00 X 0 250512 35687 0 3277311 245967 0 0 1 0 0 499246 499246 MEMBERSHIP DUES 541900 275269 275269 275269 2 2 774517 275269 0 2 738210 738210 5325 5325 5106 5106 3082 202 2880 NFIB MANAGEMENT FEE 22794 22794 774517 738210 28321 7986 0 0 121690 56770 0 27981 121690 84751 5200 5844 67977 30394 73177 36238 X 48513 48513 48513 48513 121690 84751 0 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 1 0 0 INTERCOMPANY RECEIVABLES 27981 27981 INTERCOMPANY PAYABLE 30394 30394 X PART X, LINE 2: FIN 48 (ASC TOPIC 740) FOOTNOTE : NFIB, THE VOICE OF FREE ENTERPRISE HAD NO UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022 NOR DOES NFIB, THE VOICE OF FREE ENTERPRISE HAVE ANY UNCERTAIN TAX POSITIONS. 1 NFIB SMALL BUSINESS LEGAL CENTER 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 621570449 501(C)(3) 738210 0 GENERAL SUPPORT 1 PART I, LINE 2: MONITORING GRANTS : NFIB, THE VOICE OF FREE ENTERPRISE, INC. PROVIDED A GRANT TO ITS AFFILIATED ORGANIZATION TO HELP FURTHER THE EXEMPT PURPOSE OF THAT ORGANIZATION. THE ORGANIZATION INVOLVED IS UNDER COMMON CONTROL AND THE USE OF THESE FUNDS IS MONITORED ACCORDINGLY. 0 0 0 0 0 0 0 0 0 BRAD CLOSE PRESIDENT 0 672028 0 276250 0 115774 0 14508 0 47510 0 1126070 0 0 DAVID ADDINGTON SECRETARY/PARLIAMENTARIAN 0 495080 0 160480 0 13811 0 14889 0 16048 0 700308 0 0 JEFF SMITH CFO 0 316396 0 102000 0 8053 0 16721 0 34909 0 478079 0 0 CHRIS PITTS ASST SECRETARY 0 262023 0 64246 0 11430 0 11436 0 16492 0 365627 0 0 KIPP MALONEY VP 0 262624 0 51850 0 4872 0 11090 0 24394 0 354830 0 0 DAWN SIMPSON TREASURER 0 209455 0 38000 0 3057 0 8750 0 26937 0 286199 0 0 FORM 990, PART III, LINE 1, DESCRIPTION OF ORGANIZATION MISSION : NFIB, THE VOICE OF FREE ENTERPRISE'S MISSION IS TO EDUCATE AMERICANS ON ISSUES OF NATIONAL IMPORTANCE INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION & TAXATION. NFIB, THE VOICE OF FREE ENTERPRISE, INC. IS A TENNESSEE NONPROFIT PUBLIC BENEFIT CORPORATION CREATED UNDER THE TENNESSEE NONPROFIT CORPORATION ACT. IT IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO PROMOTE SOCIAL WELFARE WITHIN THE MEANING OF SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED FROM TIME TO TIME, OR THE CORRESPONDING PROVISIONS OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAWS. IN PARTICULAR, THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY TO FURTHER THE COMMON GOOD AND GENERAL WELFARE BY EDUCATING THE AMERICAN PEOPLE THROUGH RESEARCH, COMMUNICATIONS, AND OUTREACH REGARDING ISSUES OF NATIONAL IMPORTANCE, INCLUDING BUT NOT LIMITED TO FREE ENTERPRISE, ENTREPRENEURSHIP, HEALTHCARE, REGULATION, AND TAXATION. THE CORPORATION IS OPERATED, SUPERVISED, AND CONTROLLED BY THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS (NFIB) AND IS ACCOUNTABLE AND RESPONSIBLE TO ITS PARENT ORGANIZATION, THE NFIB. THE NFIB IS NAMED AS THE ORGANIZATION THAT THE CORPORATION WAS FORMED TO SUPPORT, AND THE NFIB EXERTS CONTROL OF THE CORPORATION'S POLICIES, BUDGET, AND ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 11B PROCESS OF REVIEWING THE 990: FOLLOWING AN INDEPENDENT AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE NATIONAL FEDERATION OF INDEPENDENT BUSINESS (NFIB) AND ITS AFFILIATES, A DRAFT OF NFIB, THE VOICE OF FREE ENTERPRISE, INC.'S (NFIB VFE'S) FORM 990 IS PREPARED. THIS FORM 990 GOES THROUGH A THREE-TIER INTERNAL MANAGEMENT REVIEW PROCESS. 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 VFE'S INTERNAL REVIEW PROCESS. UPON APPROVAL OF THE 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, OFFICER, AND EMPLOYEE OF NFIB, THE VOICE OF FREE ENTERPRISE, INC. IS REQUIRED TO SUBMIT AN ANNUAL CODE OF CONDUCT & ETHICS CERTIFICATION TO THE CFO. ALL POTENTIAL CONFLICTS OF INTEREST, ETHICAL CONCERNS, AND LEGAL CONCERNS ARE ADDRESSED BY THE CFO WITH A REPORT GOING TO THE FINANCE/AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. ANY TRANSACTIONS DISCLOSED ARE REVIEWED BY THE CFO TO DETERMINE THE TYPE OF RELATIONSHIP, DOLLAR VALUE INVOLVED, AND TO BE CERTAIN THAT ALL TRANSACTIONS ARE AT ARMS LENGTH. NO BOARD MEMBER SHALL VOTE ON ANY MATTER IN WHICH THERE IS A CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 PROCESS OF DETERMINING COMPENSATION FOR OFFICERS AND OTHER KEY EMPLOYEES : THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS OF NFIB IS RESPONSIBLE FOR REVIEWING AND RECOMMENDING THE COMPENSATION FOR THE OFFICERS. THEIR COMPENSATION IS DETERMINED ANNUALLY BY THE NFIB BOARD OF DIRECTORS. DELIBERATIONS OF COMPENSATION DETERMINATIONS ARE RECORDED CONTEMPORANEOUSLY IN THE MINUTES OF THE MEETING. 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. IN 2022, THE COMMITTEE ENGAGED THE SERVICES OF OUTSIDE CONSULTING FIRMS TO PROVIDE EXPERT INFORMATION REGARDING INDUSTRY-WIDE COMPENSATION NORMS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC : IT IS NFIB, THE VOICE OF FREE ENTERPRISE, INC.'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. NATIONAL FEDERATION OF INDEPENDENT BUS 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 940707299 MEMBER REPRESENTATION CA 501(C)(6) N/A 1 NFIB FEDERAL POLITICAL ACTION COMMITTEE 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 942532364 PAC CA 527 NFIB 1 NFIB SMALL BUSINESS LEGAL CENTER 53 CENTURY BLVD SUITE 250 NASHVILLE TN 37214 621570449 PUBLIC LAW FIRM TN 501(C)(3) LINE 12A, I NFIB 1 NFIB MEMBER SERVICES CORPORATION 53 CENTURY BLVD SUITE 250 NASHVILLE TN 372143682 942899404 MEMBER BENEFITS CA NFIB C 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 NFIB SMALL BUSINESS LEGAL CENTER B 738210 FMV NATIONAL FEDERATION OF INDEPENDENT BUSINESS C 499246 FMV NATIONAL FEDERATION OF INDEPENDENT BUSINESS S 275269 FMV