2024-11-08T16:55:04-06:00 2023-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2023-01-01 530114600 NATIONAL ASSOCIATION OF BROADCASTERS NATI 2024295304 1 M STREET SE WASHINGTON DC 20003 TEA GENNARO CFO & EVP OF OPERATIONS 2024295304 2024-11-05 1 0 KRISTEN BARNETT P01234578 8133162300 2024-11-05 2023 2024-10-15 13:58:12Z CURTIS J LEGEYT 1 M STREET SE WASHINGTON DC 20003 96356100 0 X WWW.NAB.ORG X 1927 DE NAB ADVANCES THE INTERESTS OF TELEVISION AND RADIO BROADCASTERS; IMPROVES THE QUALITY OF BROADCASTING; AND ENCOURAGES TECHNOLOGICAL INNOVATION AND PUBLIC SERVICE. 63 63 128 64 1763199 0 825081 41884 51859824 57322922 996244 867217 3459789 3832669 57140938 62064692 593051 668450 0 0 27709482 28761563 0 0 0 35586443 39615676 63888976 69045689 -6748038 -6980997 195450321 193268914 142292914 138247918 53157407 55020996 X NATIONAL ASSOCIATION OF BROADCASTERS (NAB) ADVANCES THE INTEREST OF RADIO AND TELEVISION BROADCASTERS IN FEDERAL GOVERNMENT, INDUSTRY AND PUBLIC AFFAIRS; IMPROVES THE QUALITY OF BROADCASTING, AND ENCOURAGES TECHNOLOGICAL INNOVATION AND PUBLIC SERVICE. 0 0 CONVENTIONS: THE NAB SHOW AND NAB SHOW NY ARE ANNUAL CONVENTIONS THAT SHOWCASE TECHNOLOGICAL INNOVATIONS AS WELL AS PROVIDE EDUCATION AND NETWORK OPPORTUNITIES TO THE BROADCASTING AND PRODUCTION COMMUNITIES. THE 2023 NAB SHOW ATTRACTED OVER 60,000 REGISTERED ATTENDEES AND FEATURED NEARLY 1,000 EXHIBITORS. THE 2023 NAB SHOW NEW YORK EVENT ATTRACTED 9,500 REGISTERED ATTENDEES AND NEARLY 300 EXHIBITORS. ADVOCACY: THERE ARE MORE THAN 17,000 FULL POWER LOCAL RADIO AND TELEVISION STATIONS IN THE US SERVING THEIR COMMUNITIES THROUGH PUBLIC SERVICE, LOCAL NEWS, ENTERTAINMENT PROGRAMMING AND VITAL COMMUNITY INFORMATION SUCH AS AMBER ALERTS, TRAFFIC INFORMATION, AND SEVERE WEATHER WARNINGS. NAB ADVOCATES BEFORE CONGRESS, THE FEDERAL COMMUNICATIONS COMMISSION (FCC) AND IN THE COURTS. INNOVATION: CREATED IN 2012, PILOT IS A COALITION OF INNOVATORS, EDUCATORS, AND ADVOCATES DEDICATED TO ADVANCING BROADCAST TECHNOLOGY AND CULTIVATING NEW MEDIA OPPORTUNITIES. PILOT PROPELS BROADCAST TECHNOLOGY INTO THE FUTURE BY PROVIDING A PLATFORM FOR INNOVATION, AN ENGINE FOR INCUBATION, A VENUE FOR TESTING NEW TECHNOLOGIES AND A FORUM FOR BROADCASTER EDUCATION.NAB PUBLISHED THE FIRST-PARTY DATA DIRECT-TO-CONSUMER ACCELERATOR REPORT, WHICH INCLUDED ALL FINDINGS, LEARNINGS AND SUGGESTIONS FOR FIRST-PARTY DATA STRATEGIES BASED ON THE WORK AND OUTPUT OF THE NINE PARTICIPATING BROADCASTERS. NAB CONTINUED THE ATSC 3.0 VIRTUAL INTEROPERABILITY EVENT WITH 18 PARTICIPATING COMPANIES TO DEVELOP AND REFINE WORKFLOWS FOR THE NEW TELEVISION STANDARD, AS WELL AS THE NEXTGEN TV CONFORMANCE PROGRAM. NAB ALSO CONTINUED AND EXPANDED THE NEXTGEN TV FELLOWSHIP PROGRAM WITH HOWARD UNIVERSITY TO INCLUDE THE UNIVERSITY OF MISSOURI WITH EXPANSION PLANNED FOR 2024 TO INCLUDE UNIVERSITY OF MINNESOTA AND CLARK ATLANTA UNIVERSITY. THIS IS AN EFFORT TO EDUCATE A NEW GENERATION OF BROADCAST TECHNOLOGIES AND INCREASE DIVERSITY IN THE INDUSTRY.NAB DEVELOPED A PROTOTYPE BROADCAST POSITIONING SYSTEM (BPS) THAT CAN COMPLEMENT AND AUGMENT GPS SIGNALS. NAB DEMONSTRATED BPS AT PROTECTING GPS WITH RESILIENT PNT SOLUTIONS SEMINAR ORGANIZED WITH HUMBER COLLEGE. THIS EVENT WAS ATTENDED BY MORE THAN 70 HIGH-PROFILE PNT STAKEHOLDERS FROM THE US AND CANADA.NAB'S INNOVATION CHALLENGE FEATURED COMPANIES WITH NEW SOLUTIONS FOR: A CLOUD-NATIVE PRODUCT THAT GATHERS AND ORGANIZES MEDIA SECURELY FROM ANY STORAGE, PROVIDING A CENTRAL POINT AT WHICH TEAMS CAN GATHER, FIND ASSETS AND COLLABORATE USING ANY DEVICE, A SINGLE PERSON TO GENERATE VIDEO QUICKLY AT LOW COST, AI DRIVEN, VIRTUAL BROADCAST VIDEO PLATFORM AND CUSTOMIZABLE 3D NEWS STUDIOS; AN ANALYTICAL SOCIAL MEDIA MANAGEMENT PLATFORM DESIGNED TO MAKE SOCIAL MEDIA CONTENT MORE EFFECTIVE WITH THE CONTENT CREATION PROCESS. 0 1 1 1 0 0 0 1 0 1 0 1 0 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 1 1 1 1 0 1 112 0 1 128 1 1 1 0 0 0 1 1 0 1 0 X 63 63 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TEA GENNARO 2024295304 1 M STREET SE WASHINGTON DC 20003 DAVID SANTRELLA BOARD CHAIRMAN 2.00 1.00 X 0 0 0 JORDAN WERTLIEB BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 BILL WILSON BOARD MEMBER 2.00 X 0 0 0 JOHN P ZIMMER BOARD MEMBER 2.00 X 0 0 0 KEVIN PERRY BOARD MEMBER 2.00 1.00 X 0 0 0 COLLIN JONES BOARD MEMBER 2.00 X 0 0 0 ALLEN POWER BOARD MEMBER 2.00 X 0 0 0 LEONARD WHEELER BOARD MEMBER 2.00 X 0 0 0 MICHAEL TARTER BOARD MEMBER 2.00 X 0 0 0 DAVID HOXENG BOARD MEMBER 2.00 X 0 0 0 FLYNN FOSTER BOARD MEMBER 2.00 X 0 0 0 NICK MARTIN BOARD MEMBER 2.00 X 0 0 0 MIKE HULVEY BOARD MEMBER 2.00 X 0 0 0 MATTHEW MNICH BOARD MEMBER 2.00 X 0 0 0 CHRIS ORNELAS BOARD MEMBER 2.00 X 0 0 0 PETER BENEDETTI BOARD MEMBER 2.00 X 0 0 0 DANA WITHERS BOARD MEMBER 2.00 X 0 0 0 BEN DOWNS BOARD MEMBER 2.00 X 0 0 0 W LAWRENCE PATRICK BOARD MEMBER 2.00 1.00 X 0 0 0 ROGER HARRIS BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 CAROLYN BECKER BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 JUSTIN CHASE BOARD MEMBER 2.00 X 0 0 0 AMADOR BUSTOS BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 ANDREW SUTOR BOARD MEMBER 2.00 X 0 0 0 GREAG DAVIS BOARD MEMBER 2.00 X 0 0 0 DAVID BEVINS BOARD MEMBER 2.00 X 0 0 0 BILL MCELVEEN BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 DAVID FIELD BOARD MEMBER 2.00 X 0 0 0 ALFRED LIGGINS BOARD MEMBER 2.00 X 0 0 0 ROB BABIN BOARD MEMBER 2.00 X 0 0 0 MARY BERNER BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 JESUS LARA BOARD MEMBER 2.00 X 0 0 0 PERRY SOOK BOARD MEMBER 2.00 X 0 0 0 LYNN BEALL BOARD MEMBER 2.00 1.00 X 0 0 0 PAT LAPLATNEY BOARD MEMBER 2.00 X 0 0 0 BYRON ALLEN BOARD MEMBER 2.00 X 0 0 0 DAVE HANNA BOARD MEMBER 2.00 X 0 0 0 JIMMY GOODMAN BOARD MEMBER 2.00 X 0 0 0 NICK RADZIUL BOARD MEMBER 2.00 X 0 0 0 DAVID BRADLEY BOARD MEMBER 2.00 X 0 0 0 CHRIS CORNELIUS BOARD MEMBER 2.00 X 0 0 0 BERT MEDINA BOARD MEMBER 2.00 X 0 0 0 DAVID GRIFFIN BOARD MEMBER 2.00 X 0 0 0 CHRIS RIPLEY BOARD MEMBER 2.00 X 0 0 0 ROB HUBBARD BOARD MEMBER 2.00 X 0 0 0 EDWARD MELENDEZ BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 RAMONA ALEXANDER BOARD MEMBER 2.00 X 0 0 0 DAN YORK BOARD MEMBER 2.00 X 0 0 0 PATRICIA MCRAE BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 DUJUAN MCCOY BOARD MEMBER 2.00 1.00 X 0 0 0 JOE DI SCIPIO BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 BRIAN LAWLOR BOARD MEMBER (TO 5/31/23) 2.00 1.00 X 0 0 0 SUSAN FOX BOARD MEMBER 2.00 X 0 0 0 DEDE LEA BOARD MEMBER (TO 5/31/23) 2.00 1.00 X 0 0 0 BOBBY CALDWELL BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 JESSICA MARVENTANO BOARD MEMBER 2.00 X 0 0 0 AMY LIZ PITTENGER BOARD MEMBER 2.00 X 0 0 0 CATHERINE BALADAMENTE BOARD MEMBER 2.00 1.00 X 0 0 0 STEVE HARO BOARD MEMBER 2.00 X 0 0 0 PHIL TAHTAKRAN BOARD MEMBER 2.00 X 0 0 0 BOB PROFFITT BOARD MEMBER 2.00 X 0 0 0 KEVIN GODWIN BOARD MEMBER (TO 5/31/23) 2.00 X 0 0 0 ANDY ALFORD BOARD MEMBER 2.00 X 0 0 0 NIC ANDERSON BOARD MEMBER 2.00 X 0 0 0 JEANNA BERGE BOARD MEMBER 2.00 X 0 0 0 FELIPE CHAVEZ BOARD MEMBER 2.00 X 0 0 0 KENNETH FORTE BOARD MEMBER 2.00 X 0 0 0 TERRY GARRAS BOARD MEMBER 2.00 X 0 0 0 KRISTOPHER JONES BOARD MEMBER 2.00 X 0 0 0 KEITH MURPHY BOARD MEMBER 2.00 X 0 0 0 JULIE KOEHN BOARD MEMBER 2.00 1.00 X 0 0 0 JEFF LIBERMAN BOARD MEMBER 2.00 X 0 0 0 DEAN LITTLETON BOARD MEMBER 2.00 X 0 0 0 WILL PAYNE BOARD MEMBER 2.00 X 0 0 0 CONRAD TRAUTMANN BOARD MEMBER 2.00 X 0 0 0 TANYA VEA BOARD MEMBER 2.00 X 0 0 0 CURTIS J LEGEYT PRESIDENT & CHIEF EXECUTIVE OFFICER 57.00 3.00 X 2502096 0 34362 TEA GENNARO CFO & EVP OF OPERATIONS 57.00 3.00 X 540050 0 33870 IRETA DUKE CHIEF DIVERSITY OFFICER 12.69 42.31 X 80478 268212 18965 CHRISTOPHER A BROWN MAN. DIR. & EVP, GLOBAL CONNECTIONS 55.00 X 647737 0 27369 APRIL CARTY-SIPP EVP, INDUSTRY AFFAIRS 55.00 X 593211 0 34362 RICHARD KAPLAN CLO & EVP, LEGAL & REG. AFFAIRS 57.00 3.00 X 1369779 0 34362 LYNN D CLAUDY SVP, TECHNOLOGY 55.00 X 422700 0 27804 SHAWN R DONILON EVP, GOV. RELATIONS 55.00 X 695856 0 9955 CARA MICHELLE SEMONE LEHMAN CHIEF OF STAFF & EVP, PUBLIC AFFAIRS 55.00 X 758242 0 34362 ROBERT MATHENY CTO & EVP, TECHNOLOGY 55.00 X 584861 0 31024 JOHN P SMEDILE SVP, GOV. RELATIONS 55.00 X 451605 0 11364 8646615 268212 297799 66 0 1 0 FREEMAN DECORATING COMPANY 1600 VICEROY DRIVE SUITE 100 DALLAS TX 75235 EVENT OPERATIONS 5580106 GORDON H SMITH 1101 SKYLINE DRIVE PENDLETON OR 97801 CONSULTING 2182904 LAS VEGAS CONVENTION CENTER 3150 PARADISE ROAD LAS VEGAS NV 89109 MARKETING 2068740 MARKETING DESIGN GROUP 1818 N STREET NW SUITE 300 WASHINGTON DC 20036 MARKETING SERVICES 1112243 RED LEMON EVENTS LTD MADEIRA HOUSE MADEIRA ROAD LITTLESTONE UK TN28 8QX EVENT OPERATIONS 594932 45 41884 41884 NAB SHOW REVENUE 900099 34343842 33953311 390531 MEMBERSHIP DUES 900099 19913835 19913835 NAB SHOW NY REVENUE 900099 2570532 2570532 SEMINARS 900099 494713 494713 57322922 1223118 1223118 276549 276549 2566490 0 2566490 2566490 1372668 1193822 33935507 34291408 -355901 -355901 -355901 OTHER REVENUE 900099 989630 989630 989630 62064692 56932391 1763199 3327218 X 668450 5902054 19542029 559969 1466375 1291136 675160 662519 118930 3412333 71225 7288739 20434 1422408 459460 2039632 1376968 11906812 3605219 4467661 447390 SUBSCRIPTIONS & PERIOD. 723907 BAD DEBT EXPENSE 357588 TAXES 343182 MEMBERSHIP DUES 216109 69045689 1041598 1069571 3603083 2884081 2012641 1800835 102214256 13722661 90981156 88491595 54103348 62480178 38437788 31293337 3415667 2944541 1855040 2304776 195450321 193268914 2615636 2202963 22838175 23454557 38437789 31293338 77014200 80711271 1387114 585789 142292914 138247918 X 53157407 55020996 53157407 55020996 195450321 193268914 X -6980997 7518276 1326310 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 40595 40595 0 NAB POLITICAL ACTION COMMITTEE 1 M ST SE WASHINGTON DC 20003 521218303 40595 0 0 0 1 19913835 11150000 -211320 10938680 13342269 -2403589 PART I-A, LINE 1: NABPAC IS A FEDERAL POLITICAL ACTION COMMITTEE FOR THE NAB, SUPPORTING THE ELECTION OF CANDIDATES FOR POLITICAL OFFICE WHO CHAMPION BROADCAST ISSUES, MONITORING REGULATIONS AND PROVIDING EXPERT KNOWLEDGE OF FEDERAL POLICY. FORM 990, SCHEDULE C, PART III-B: NAB CONDUCTS POLITICAL ACTIVITIES SOLELY THROUGH ITS CONNECTED FEDERAL PAC, THE NAB POLITICAL ACTION COMMITTEE. 0 1 X 12525222 12525222 62535224 6013002 56522222 4000480 1046543 2953937 8557747 4735672 3822075 14595583 1927444 12668139 88491595 INVESTMENT - CRB 31293337 C 31293337 CAPITAL LEASE LIABILITY 139081 DEFERRED RENT 446708 585789 X 74300012 7518276 4788269 12306545 61993467 71225 71225 62064692 72257479 3283015 3283015 68974464 71225 71225 69045689 PART IV, LINE 2B: NAB IS THE CUSTODIAN OF FUNDS TO BE DIRECTED TO PARTICIPATING STATIONS FROM THE U.S. COPYRIGHT OFFICE. PART X, LINE 2: UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE), NAB HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE (IRS) AS EXEMPT FROM INCOME TAXES, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME, AS A NONPROFIT TRADE ASSOCIATION. THE AMOUNT OF UNRELATED BUSINESS INCOME TAX FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, WAS IMMATERIAL, AND NO PROVISION FOR SUCH LIABILITY HAS BEEN MADE IN THESE CONSOLIDATED FINANCIAL STATEMENTS. 1M PROPERTIES LLC IS A SINGLE-MEMBER LLC AND, AS A DISREGARDED ENTITY, IS NOT CONSIDERED SEPARATE FROM THE NAB FOR TAX PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NABLF REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 2,821,849. NABPAC REVENUE INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 1,268,505. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -628,395. PENSION ADJUSTMENT 1,326,310. PART XII, LINE 2D - OTHER ADJUSTMENTS: NABLF EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 2,549,649. NABPAC EXPENSES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS 1,361,761. ELIMINATION ENTRIES INCLUDED IN CONSOLIDATED FINANCIAL STATEMENTS -628,395. 1 NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION 1 M STREET SE WASHINGTON DC 20003 521866840 501(C)(3) 250000 0 GENERAL SUPPORT BROADCAST EDUCATION ASSOCIATION 1 M STREET SE WASHINGTON DC 20003 526057288 501(C)(3) 45000 0 GENERAL SUPPORT CONGRESSIONAL HISPANIC CAUCUS INSTITUTE 1128 16TH STREET NW WASHINGTON DC 20036 521114225 501(C)(3) 35000 0 GENERAL SUPPORT ASIAN PACIFIC AMERICAN INSTITUTE FOR CONGRESSIONAL STUDIES 1001 CONNECTICUT AVE NW SUITE 320 WASHINGTON DC 20036 521917903 501(C)(3) 30000 0 GENERAL SUPPORT NATIONAL URBAN LEAGUE INC 80 PINE STREET 9TH FLOOR NEW YORK NY 10005 131840489 501(C)(3) 25000 0 GENERAL SUPPORT BROADCASTERS FOUNDATION OF AMERICA 125 WEST 55TH STREET 3RD FLOOR NEW YORK NY 10019 131975618 501(C)(3) 25000 0 GENERAL SUPPORT BMI MUSIC INC 10 MUSIC SQUARE EAST NASHVILLE TN 37202 130524209 25000 0 GENERAL SUPPORT CAPITOL COUNSEL LLC 700 13TH STREET NW WASHINGTON DC 20005 208043889 20000 0 GENERAL SUPPORT CONGRESSIONAL BLACK CAUCUS FOUNDATION 1720 MASSCHUSETTS AVE NW WASHINGTON DC 20036 521160561 501(C)(3) 20000 0 GENERAL SUPPORT LIBRARY OF AMERICAN BROADCASTING FOUNDATION 6913 MAPLE AVENUE CHEVY CHASE MD 20815 132622843 501(C)(3) 17750 0 GENERAL SUPPORT THE MEDIA INSTITUTE 2300 CLARENDON BLVD SUITE 602 ARLINGTON VA 22201 521061431 501(C)(3) 15450 0 GENERAL SUPPORT HERITAGE ACTION FOR AMERICA 214 MASSACHUSETTS AVE NE SUITE 400 WASHINGTON DC 20002 272244700 501(C)(4) 15000 0 GENERAL SUPPORT CONGRESSIONAL HISPANIC LEADERSHIP INSTITUTE 700 PENNSYLVANIA AVE SE WASHINGTON DC 20003 200392012 501(C)(3) 10000 0 GENERAL SUPPORT NATIONAL ASSOCIATION OF BLACK OWNED BROADCASTERS 1250 CONNECTICUT AVE NW WASHINGTON DC 20036 630773764 501(C)(3) 10000 0 GENERAL SUPPORT NALEO EDUCATIONAL FUND 600 PENNSYLVANIA AVE SE STE 480 WASHINGTON DC 20003 521212849 501(C)(3) 10000 0 GENERAL SUPPORT MULTUCULTURAL MEDIA TELECOM AND INTERNET COUNCIL 1919 PENNSYLVANIA AVE NW SUITE 725 WASHINGTON DC 20006 521880677 501(C)(3) 10000 0 GENERAL SUPPORT FEDERAL COMMUNICATIONS BAR ASSOCIATION FOUNDATION 1020 19TH STREET NW WASHINGTON DC 20036 510334407 501(C)(3) 9500 0 GENERAL SUPPORT 14 3 PART I, LINE 2: NAB MONITORS THE USE OF GRANT FUNDS ON A MONTHLY BASIS THORUGH ACCOUNTING OVERSIGHT AND ROUTINE PROGRAM ACTIVITY REVIEW. IN ADDITION, NAB MAINTAINS A CONSISTENT PRESENCE WITH OTHER ORGANIZATIONS IT SUPPORTS FINANCIALLY VIA ATTENDANCE AT ORGANIZATION EVENTS, JOINT ADVOCACY EFFORTS, ADVISORY MEETINGS, ETC. X X 1 1 X X X X 0 0 0 CURTIS J LEGEYT PRESIDENT & CHIEF EXECUTIVE OFFICER 2240026 0 250000 0 12070 0 11250 0 23112 0 2536458 0 0 0 RICHARD KAPLAN CLO & EVP, LEGAL & REG. AFFAIRS 1186890 0 180000 0 2889 0 11250 0 23112 0 1404141 0 0 0 CARA MICHELLE SEMONE LEHMAN CHIEF OF STAFF & EVP, PUBLIC AFFAIRS 681890 0 75000 0 1352 0 11250 0 23112 0 792604 0 0 0 SHAWN R DONILON EVP, GOV. RELATIONS 545000 0 150000 0 856 0 9841 0 114 0 705811 0 0 0 CHRISTOPHER A BROWN MAN. DIR. & EVP, GLOBAL CONNECTIONS 515730 0 125000 0 7007 0 11250 0 16119 0 675106 0 0 0 APRIL CARTY-SIPP EVP, INDUSTRY AFFAIRS 475940 0 115000 0 2271 0 11250 0 23112 0 627573 0 0 0 ROBERT MATHENY CTO & EVP, TECHNOLOGY 514403 0 67500 0 2958 0 11250 0 19774 0 615885 0 0 0 TEA GENNARO CFO & EVP OF OPERATIONS 464420 0 75000 0 630 0 11250 0 22620 0 573920 0 0 0 JOHN P SMEDILE SVP, GOV. RELATIONS 375000 0 75000 0 1605 0 11250 0 114 0 462969 0 0 0 LYNN D CLAUDY SVP, TECHNOLOGY 376316 0 35000 0 11384 0 11250 0 16554 0 450504 0 0 0 IRETA DUKE CHIEF DIVERSITY OFFICER 74200 247291 5770 19230 508 1691 2356 7852 2021 6736 84855 282800 0 0 PART I, LINE 1A TRAVEL FOR THE PRESIDENT'S SPOUSE WAS PAID AND PROPERLY REPORTED ON HIS W-2 IN ACCORDANCE WITH NAB'S SPOUSAL TRAVEL POLICY. FIRST CLASS TRAVEL WAS PROVIDED FOR CURTIS LEGEYT, PRESIDENT & CEO, AND HIS SPOUSE FOR FLIGHTS OVER 2 HOURS. THIS BENEFIT IS INCLUDED AS TAXABLE COMPENSATION, AND IS PROPERLY REPORTED ON HIS W-2 IN ACCORDANCE WITH NAB'S TRAVEL POLICY. PART I, LINE 3 THE CEO'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW OF THE CEO'S ACTIVITIES AND ACCOMPLISHMENTS. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CFO FOR IMPLEMENTATION. FORM 990, PART VI, SECTION A, LINE 6 NAB IS A MEMBERSHIP ORGANIZATION FOR THE BROADCASTING INDUSTRY WITH TWO CLASSES OF MEMBERS: ACTIVE (RADIO AND TELEVISION) 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 DIRECTORS, 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 DIRECTORS. TWELVE SEATS ARE ELECTED BY MEMBERSHIP, FOURTEEN SEATS ARE APPOINTED BY THE TELEVISION EXECUTIVE COMMITTEE WHICH INCLUDES UP TO SIX TELEVISION NETWORK SEATS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED AND REVIEWED BY THE FINANCE DEPARTMENT AND REVIEWED BY THE CFO, 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 UPON AN UPDATED EMPLOYEE MANUAL, 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 CEO AND CFO 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'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE AFTER A REVIEW OF THE CEO'S ACTIVITIES AND ACCOMPLISHMENTS. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CHIEF FINANCIAL OFFICER 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 A DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA, AS AVAILABLE. THE DETERMINATION IS PROVIDED TO THE CHIEF FINANCIAL OFFICER 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, AND ONLY FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN IRC SECTION 6104(D). FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES 7,288,739. FORM 990, PART XI, LINE 9: PENSION ADJUSTMENT 1,326,310. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT THAT AUDITED THE FINANCIAL STATEMENTS HAS BEEN CONSISTENT WITH PRIOR YEARS. 1M PROPERTIES LLC 1 M STREET SE WASHINGTON DC 20003 834546607 LAND PURCHASE & NEW BUILDING CONSTRUCTION DC 7487201 89616546 NATIONAL ASSOCIATION OF BROADCASTERS NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION 1 M STREET SE WASHINGTON DC 20003 521866840 EDUCATION DC 501(C)(3) LINE 10 NATIONAL ASSOCIATION OF BROADCASTERS 1 NATIONAL ASSOCIATION OF BROADCASTERS POLITICAL ACTION COMMITTEE 1 M STREET SE WASHINGTON DC 20003 521218303 POLITICAL ACTION COMMITTEE DC 527 NATIONAL ASSOCIATION OF BROADCASTERS 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION B 250000 CASH NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION N 67369 COST ALLOCATION NATIONAL ASSOCIATION OF BROADCASTERS POLITICAL ACTION COMMITTEE O 308427 COST BASIS NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION O 311025 COST BASIS NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION Q 1071905 COST BASIS