2025-10-30T11:34:41-05:00 2024-12-31 201518594 RFH PLLC 300 WEST VINE STREET STE 800 LEXINGTON KY 405071812 990 2024-01-01 611227864 NATIONAL ASSOCIATION OF STATE PROCUREMENT OFFICALS INC NATI 8595149159 110 W VINE ST 600 LEXINGTON KY 40507 MIKE PERRY TREASURER 8595149159 2025-10-30 1 1 TYLER FALLIN CPA P01633182 8592311800 2024 2025-03-06 01:10:19Z VALERIE BOLLINGER 110 W VINE ST 600 LEXINGTON KY 40507 87535123 0 X WWW.NASPO.ORG X 1947 KY PROMOTE GOVERNMENT EXCELLENCE BY DELIVERING SUPERIOR PROCUREMENT SOLUTIONS. 10 10 120 446 0 0 0 0 31414664 36704244 3235693 7208413 0 117176 34650357 44029833 353877 1603895 0 0 9704481 13159759 0 0 0 14229818 18241483 24288176 33005137 10362181 11024696 154308347 178146748 6079012 10030383 148229335 168116365 X PROMOTE GOVERNMENT EXCELLENCE BY DELIVERING SUPERIOR PROCUREMENT SOLUTIONS FOR THE BENEFIT OF THE PUBLIC. 0 0 12408938 35156401 COOPERATIVE PURCHASING - OFFERING A MEMBER LEAD COOPERATIVE PURCHASING PROGRAM, TO ADDRESS THE NEEDS OF MEMBER STATES AND DELIVER BEST VALUE CONTRACTS FOR THE BENEFIT OF THE PUBLIC. PROVIDED STATES WITH NO ADMINISTRATIVE FEE CONTRACTS FOR PUBLIC INTEREST GOODS SUCH AS WIC INFANT FORMULA. 9289892 1603895 24532 PROFESSIONAL DEVELOPMENT - NASPO OFFERS A MULTI-FACETED EDUCATION PLATFORM FOR MEMBERS AND OTHER STATE AND LOCAL GOVERNMENT PROCUREMENT PROFESSIONALS. PROCUREMENT U PROVIDES TRAINING, PUBLICATIONS, AND CERTIFICATION EXAM SUPPORT. TO SUPPORT STATES, NASPO ALSO OFFERS A PROFESSIONAL DEVELOPMENT FUND TO SUPPORT THE PROFESSIONAL GROWTH OF STATE PROCUREMENT PROFESSIONALS. CONDUCTED INSTRUCTOR LED TRAININGS TOTALING OVER 36,000 CONTACT HOURS AT NO COST.PROCUREMENT U PARTNERED WITH SEVERAL NATIONALLY ACCLAIMED UNIVERSITIES TO HELP DEVELOP CURRICULUM AROUND PUBLIC PROCUREMENT. PROCUREMENT U PROVIDED ALL NASPO DEVELOPED COURSES FREE OF CHARGE TO THE PUBLIC. THE PROFESSIONAL DEVELOPMENT PROGRAM DEVELOPED EDUCATIONAL SESSIONS FOR ALL FIVE NASPO CONFERENCES. THESE SESSONS INCLUDED A MIXTURE OF PRESENTATIONS BY SUBJECT MATTER EXPERTS AND PEER TO PEER LEARNING. TO ADDRESS WORKFORCE SHORTAGES IN STATES, NASPO ADMINISTERS AN INTERNSHIP PROGRAM IN PARTNERSHIP WITH LEADING SUPPLY CHAIN MANAGEMENT PROGRAMS ACROSS THE COUNTRY. LAUNCHED THE REPOSITORY OF STATE PRACTICES, A DATABASE OF STATE PROCUREMENT STATUTES, REGULATIONS, AND POLICIES. 5171817 1640487 CONFERENCES - CONFERENCES ARE AN INTEGRAL PART OF THE ORGANIZATION BY ALLOWING MEMBERS TO SHARE "BEST PRACTICES AND LEARN NEW SKILLS. NASPO PROVIDES OUR CONFERENCES AT NO COST TO OUR MEMBERS BECAUSE OF THE IMPORTANCE OF BRINGING TOGETHER OUR MEMBERS AND PARTNERS.HOSTED OVER TWENTYFIVE CONFERENCES AND EVENTS.OUR CONFERENCES ALSO HOST A NASPO CARES EVENT IN WHICH MEMBERS AND STAFF PARTICIPATE IN PROJECTS TO GIVE BACK TO LOCAL COMMUNITIES. RESEARCH AND INNOVATION - EVERY YEAR, R&I PRODUCES FOR MEMBER STATES A TOP 10PRIORITIES BASED ON A SURVEY OF MEMBER STATES. THESE PRIORITIES DRIVE THEEDUCATIONAL OPPORTUNITIES NASPO OFFERS THROUGH OUT THE YEAR. THE RESEARCH AND INNOVATION TEAM SUPPORTS THE DEVELOPMENT AND ADMINISTRATION OF THE PROCUREMENT PULSE BLOG. THESE OUTLETS PROVIDE TOPICAL EDUCATION TO PROCUREMENT PROFESSIONALS. THE RESEARCH TEAM DEVELOPED AND DELIVERED PUBLICATIONS AND WEBINARS THAT WERE FREE AND OPEN TO ALL PUBLIC PROCUREMENT PROFESSIONALS. COMPLIMENTARY ENTRY FOR ALL STATE MEMBERS TO ACCESS HUNDREDS OF MARKET RESEARCHREPORTS AND SERVICES THROUGH PROCUREMENT IQ AS PART OF THEIR NASPO MEMBERSHIP.REPORTS AVAILABLE THROUGH PROCUREMENT IQ COVER PRICE TRENDS, MARKET CHARACTERISTICS,NEGOTIATION QUESTIONS, KEY RFP ELEMENTS, AND MORE. NASPO PROVIDES COMPLIMENTARY FOR ALL MEMBERS TO GOVWIN. THIS MARKET RESEARCH TOOL PROVIDES ACCESS TO 1.9 MILLION COMPANY PROFILES, HELPING MEMBER RESEARCH AND QUALIY BIDDERS BY EXAMING TRACK RECORDS IN CONTRACING WITH OTHRE GOVERNMENTAL ENTITIES. AS PART OF THEIR NASPO MEMBERSHIP, ALL STATE MEMBERS HAVE COMPLIMENTARY ACCESS TO HUNDREDS OF MARKET RESEARCH REPORTS AND SERVICES THROUGH PROCUREMENT IQ. REPORTS AVALIABLE THROUGH PROCUREMENT IQ COVER PRICE TRENDS, MARKET CHARACTERISTICS, NEGOTITATION QUESTIONS, KEY RFP ELEMENTS, AND MORE. 26870647 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 43 0 120 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 KY X THE ORGANIZATION 8595149159 110 W VINE ST 600 LEXINGTON KY 40507 VALARIE BOLLINGER PRESIDENT 1.00 X X 0 0 0 DEB DAMORE PRESIDENT-ELECT 1.00 X X 0 0 0 MIKE PERRY SECRETARY/TREASURER 1.00 X X 0 0 0 DELBERT SINGLETON PAST PRESIDENT 1.00 X X 0 0 0 ANGELA SHELL DIRECTOR 1.00 X 0 0 0 STEVE BERG DIRECTOR 1.00 X 0 0 0 BOBBY POUNDS DIRECTOR 1.00 X 0 0 0 WINDY APHAYRATH DIRECTOR 1.00 X 0 0 0 JARED AMBROSIER DIRECTOR 1.00 X 0 0 0 SHERRI MAXWELL DIRECTOR 1.00 X 0 0 0 DAVID O'NEAL CHAIR-ELECT 1.00 X X 0 0 0 LINDLE HATTON CEO 40.00 X 565990 0 63290 SUSAN GONZALEZ CHIEF CONFERENCE & EVENTS 40.00 X 204102 0 18168 JENNIFER SALTS CHIEF OF STAFF 40.00 X 236250 0 45185 MATTHEW OYER CHIEF LEARNING OFFICER 40.00 X 197071 0 28912 JUSTIN KAUFMAN CHEIF LEGAL OFFICER 40.00 X 221302 0 13084 ROBERT SIEVERT CHIEF TECHNOLOGY OFFICER 40.00 X 215571 0 43103 JAIME SCHORR CHIEF COOPERATIVE OFFICER 40.00 X 184068 0 30356 DANIEL STADNYK CFO 40.00 X 152084 0 27565 DANIEL KRUGER CHIEF DEVELOPMENT OFFICER 40.00 X 166095 0 11574 DERRICK STRAND UPPCC EXECUTIVE DIRECTOR 40.00 X 152465 0 36509 BARTLY LEMMON NVP DIRECTOR OF SUPPLIER D 40.00 X 154801 0 23011 ZACHARY CHRISTENSEN EPUTY CHIEF COOPERATIVE PROCUREMENT OFFICE 40.00 X 168635 0 18863 FAY PALMER LEGAL COUNSEL 40.00 X 159488 0 19976 BRICE FISKE SENIOR LEGAL COUNSEL 40.00 X 142375 0 19071 2920297 0 398667 40 0 1 0 IBISWORLD INC 11755 WILSHIRE BLVD 11TH FLOOR LOS ANGELES CA 90025 SOFTWARE 375110 ES BARR & CO 1999 RICHMOND RD 1B LEXINGTON KY 40502 INVESTMENT MANAGEMENT 277952 OLD NATIONAL BANK 110 W VINE ST STE 100 LEXINGTON KY 40507 INVESTMENT MANAGEMENT 174196 MADISON INVESTMENTS II 2130 LEXINGTON RD SUITE K RICHMOND KY 40475 RENT 160402 ABSORD 14934 NORTH FLORIDA AVENUE TAMPA FL 33613 SOFTWARE 124912 4 CONTRACTS 900099 35039225 35039225 REGISTRATION FEES 900099 1645935 1645935 PUBLICATIONS 541700 19084 19084 36704244 3316012 3316012 47397691 43505290 3892401 3892401 3892401 MISCELLANEOUS REVENUE 900099 117176 117176 117176 44029833 36821420 0 7208413 1303055 1303055 150840 150840 150000 150000 2612744 1670844 941900 8654180 8051668 602512 1143428 435691 707737 749407 464036 285371 293727 140 293587 71280 311 70969 452148 452148 561360 363219 198141 581780 505256 76524 101367 79605 21762 1590475 1122419 468056 172406 2600 169806 3438144 2724553 713591 2134330 1698548 435782 216554 116257 100297 38426 3668 34758 PROFESSIONAL DEVELOPMEN 3925670 3890522 35148 AUDIO/VISUAL 1265683 1041721 223962 STATE ASSISTANCE 948804 902604 46200 CONTRACTS 826835 826835 1622494 1366255 256239 33005137 26870647 6134490 0 11231246 8414165 4662713 11639100 7077821 10280776 523105 1507820 671764 288784 314314 382980 129269877 144588659 202975 489656 1026296 843592 154308347 178146748 4466547 7664263 586170 1421850 1026295 944270 6079012 10030383 X 148229335 168116365 148229335 168116365 154308347 178146748 11024696 8862334 0 X X 0 1 X 1 0 X 75475 81400 18200 19000 194075 20540854 23707556 28773792 31395664 36821420 141239286 20616329 23788956 28791992 31414664 36821420 141433361 0 0 0 141433361 1113753 1632422 2301625 2767574 3316012 11131386 1113753 1632422 2301625 2767574 3316012 11131386 21730082 25421378 31093617 34182238 40137432 152564747 0.92700 0.92870 0.07300 0.07130 X 129658074 15730287 450716 144937645 114299712 500000 15229758 371396 129658074 124811002 7000000 -16633765 163993 337039 376493 114299712 106340093 3729078 15200720 128000 330889 124811002 72355609 17372768 17603904 83000 712825 196363 106340093 0 0 16580 16580 0 655184 272204 382980 382980 LEASE LIABILITIES 944270 944270 X PART X, LINE 2: THE ORGANIZATION MUST RECOGNIZE THE TAX BENEFIT ASSOCIATED WITH EXPENSES FOR TAX RETURN PURPOSES WHEN IT IS MORE LIKELY THAN NOT THE POSITION WILL BE SUSTAINED. THE ORGANIZATION DOES NOT BELIEVE THERE ARE ANY MATERIAL UNCERTAIN TAX POSITIONS AND, ACCORDINGLY, IT HAS NOT RECOGNIZED ANY LIABILITY FOR UNRECOGNIZED TAX BENEFITS OR POSSIBLE RELATED INTEREST OR PENALTIES. PART V, LINE 4 - INTENDED USES OF ENDOWMENT FUND THE BOARD OF DIRECTORS HAVE DESIGNATED A PORTION OF ITS CASH AND INVESTMENTS AS BOARD-DESIGNATED ENDOWMENT FUNDS, WHICH ARE RESOURCES SET ASIDE BY THE BOARD OF DIRECTORS FOR AN INDETERMINATE PERIOD TO OPERATE IN A MANNER SIMILAR TO A DONOR-RESTRICTED PERPETUAL ENDOWMENT. BECAUSE A BOARD-DESIGNATED ENDOWMENT RESULTS FROM AN INTERNAL DESIGNATION, IT CAN BE SPENT UPON ACTION OF THE BOARD OF DIRECTORS. BOARD-DESIGNATED ENDOWMENT FUNDS ALSO INCLUDE INVESTMENTS PURCHASED WITH UNSPENT INVESTMENT INCOME AND NET GAINS ON THESE RESOURCES. THESE ENDOWMENT INVESTMENTS ARE REPORTED AT FAIR VALUE WITH CHANGES TO FAIR VALUE REPORTED AS INVESTMENT RETURN IN THE STATEMENTS OF ACTIVITIES. PURCHASES AND SALES OF INVESTMENTS ARE REPORTED ON THE TRADE DATE. THE NET ASSET COMPOSITION OF THE BOARD-DESIGNATED ENDOWMENT FUNDS AS OF DECEMBER 31, 2024, IS $144,937,645 FOR STATE SUPPORT. 1 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION PROFESSIONAL DEVELOPMENT 150000 0 0 0 0 0 0 150000 0 150000 NORTH AMERICA DONATION TO ASSIST WITH CREATION OF ENTITY 150000 ELECTRONIC FUND TRANSFER 0 FMV 1 0 0 0 0 0 0 PART I, LINE 2: NASPO AND THE CANADIAN PUBLIC PROCUREMENT COUNCIL SIGNED A MOU. IN THE MOU IT STATES THAT NASPO AND CPPC WILL REVIEW HOW FUNDING WILL BE SPENT ANNUALLY. IT ALSO STATES REGULAR REPORT OUTS OF HOW THE FUNDS ARE BEING USED. IN ADDITION, NASPO WAS GIVEN THE ABILITY TO APPOINT 3 BOARD MEMBERS TO THE CPPC BOARD OF DIRECTORS. ONE OF THOSE POSITIONS IS THE NASPO CFO. THIS WAS DONE SO THE CFO CAN MONITOR FUNDS USAGE ON A REGULAR BASIS. 1 DISTRICT OF COLUMBIA 441 4TH ST NW WASHINGTON DC 20001 536001131 18000 0 INTERNSHIP GRANT STATE OF NORTH CAROLINA 1305 MAIL SERVICE CENTER RALEIGH NC 27699 561130957 20000 0 INTERNSHIP GRANT STATE OF IDAHO 650 W STATE ST ROOM 100 BOISE ID 83720 826000952 20000 0 INTERNSHIP GRANT STATE OF DELAWARE 600A SOUTH BAY RD DOVER DE 19901 516000279 20000 0 INTERNSHIP GRANT STATE OF CALIFORNIA 707 3RD STREET 2ND FLOOR WEST SACRAMENTO CA 95605 680142725 20000 0 INTERNSHIP GRANT SOUTH CAROLINA DIVISION OF PROCUREMENT SERVICES 1201 MAIN STREET STE 600 COLUMBIA SC 29201 576000286 20000 0 INTERNSHIP GRANT NEW YORK STATE OFFICE OF GENERAL SERVICES 38TH FLOOR CORNING TOWER ALBANY NY 12242 146013200 20000 0 INTERNSHIP GRANT MARYLAND DEPARTMENT OF GENERAL SERVICES 301 W PRESTON STREET ROAD BALTIMORE MD 21201 526002033 20000 0 INTERNSHIP GRANT DEPARTMENT OF PROPERTY & PROCUREMENT VIRGIN ISLANDS 161 2314 KRONDPRINDSENS ST THOMAS VI 00802 660431678 20000 0 INTERNSHIP GRANT PROCUREMENT PROFESSIONALS ALLIANCE 1525 S HIGLEY ROAD SUITE 1404 GILBERT AZ 85296 991210793 501(C)(3) 1112055 0 DONATION TO ASSIST WITH CREATION OF ENTITY 10 SCHOLARSHIPS 4 20000 PART I, LINE 2: ACADEMIC AFFAIRS WILL OPEN AN ONLINE APPLICATION TO STATE MEMBERS IN THE FALL. STATES CAN THEN APPLY AND ARE SELECTED FIRST COME, FIRST SERVE BY REGION. STATES THAT ARE NOT SELECTED RIGHT AWAY WILL BE PLACED ON OUR WAITING LIST AND TAKEN OFF IF ONE OF THE SELECTED STATES CANNOT PARTICIPATE. STATE SHALL COMPLETE BOTH A MID-TERM EVALUATION AND A FINAL EVALUATION OF EACH INTERN, AS PROVIDED BY THE NASPO INTERNSHIP TOOLKIT PP. 28-31. STATE SHALL HAVE EACH INTERN COMPLETE THE MID-TERM AND FINAL EVALUATIONS OF THE INTERNSHIP. THE EVALUATIONS ARE NOT A PREREQUISITE FOR RECEIPT OF THE INTERNSHIP GRANT, BUT SHOULD BE COMPLETED AS PART OF THE STATE'S GOOD FAITH PARTICIPATION IN THE INTERNSHIP. X X X X 0 0 0 0 0 0 0 0 0 LINDLE HATTON CEO 565990 0 0 0 0 0 63290 0 0 0 629280 0 0 0 JENNIFER SALTS CHIEF OF STAFF 236250 0 0 0 0 0 39773 0 5412 0 281435 0 0 0 ROBERT SIEVERT CHIEF TECHNOLOGY OFFICER 215571 0 0 0 0 0 38706 0 4397 0 258674 0 0 0 JUSTIN KAUFMAN CHEIF LEGAL OFFICER 221302 0 0 0 0 0 13084 0 0 0 234386 0 0 0 MATTHEW OYER CHIEF LEARNING OFFICER 197071 0 0 0 0 0 21316 0 7596 0 225983 0 0 0 SUSAN GONZALEZ CHIEF CONFERENCE & EVENTS 204102 0 0 0 0 0 18168 0 0 0 222270 0 0 0 JAIME SCHORR CHIEF COOPERATIVE OFFICER 184068 0 0 0 0 0 19931 0 10425 0 214424 0 0 0 DERRICK STRAND UPPCC EXECUTIVE DIRECTOR 152465 0 0 0 0 0 36509 0 0 0 188974 0 0 0 ZACHARY CHRISTENSEN EPUTY CHIEF COOPERATIVE PROCUREMENT 168635 0 0 0 0 0 2583 0 16280 0 187498 0 0 0 DANIEL STADNYK CFO 152084 0 0 0 0 0 19841 0 7724 0 179649 0 0 0 FAY PALMER LEGAL COUNSEL 159488 0 0 0 0 0 2075 0 17901 0 179464 0 0 0 BARTLY LEMMON NVP DIRECTOR OF SUPPLIER D 154801 0 0 0 0 0 7596 0 15415 0 177812 0 0 0 DANIEL KRUGER CHIEF DEVELOPMENT OFFICER 166095 0 0 0 0 0 10023 0 1551 0 177669 0 0 0 BRICE FISKE SENIOR LEGAL COUNSEL 142375 0 0 0 0 0 4519 0 14552 0 161446 0 0 0 HATTON CONSULTING FAMILY MEMBER OF CEO 66173 NASPO HAS AN AGREEMENT WITH HATTON CONSULTING TO PROVIDE TECHNOLOGY STRATEGY ANALYSIS SUPPORT. THE OWNER OF HATTON CONSULTING IS A FAMILY MEMBER OF THE CHIEF EXECUTIVE OFFICER OF NASPO. 0 (E) DESCRIPTION OF TRANSACTION: CONTRACT WAS COMPLETED AND HAS NOT BEEN RENEWED FORM 990, PART VI, SECTION A, LINE 6 NASPO IS A NON-STOCK, NONPROFIT ASSOCIATION WITH DUES PAYING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A NASPO HOLDS AN ANNUAL ELECTION PROCESS WHEREBY MEMBERS OF THE ASSOCIATION ARE NOMINATED BY THEIR PEERS OR CAN NOMINATE THEMSELVES TO SERVE ON THE GOVERNING BODY BY THE MEMBERSHIP AT THE ANNUAL BUSINESS MEETING OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B NASPO'S BYLAWS DEFINE DECISIONS WHICH REQUIRE APPROVAL BY MEMBERS. MEMBERS MAY APPROVE THESE DECISIONS AT THE ANNUAL BUSINESS MEETING, SPECIAL MEETINGS AND BY ELECTRONIC VOTING METHODS. FORM 990, PART VI, SECTION B, LINE 11B UPON TAX PREPARER COMPLETION OF IRS FORM 990, THE FORM AND ACCOMPANYING SCHEDULES SHALL BE REVIEWED BY THE NASPO CFO AND CEO. UPON THEIR APPROVAL, AN ELECTRONIC COPY OF THE FORM AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE AUDIT COMMITTEE AND NASPO BOARD OF DIRECTORS, ALONG WITH INSTRUCTIONS FOR PROVIDING COMMENTS AND QUESTIONS, IF ANY. A TWO-WEEK TIMEFRAME SHALL BE PROVIDED FOR COMMENTS OR QUESTIONS. QUESTIONS OR OTHER MATTERS THAT ARISE DURING THE REVIEW PERIOD SHALL BE ADDRESSED PROMPTLY. FOLLOWING THE TWO-WEEK REVIEW PERIOD, IF NO ADDITIONAL, UNANSWERED CONCERNS ARE IDENTIFIED, THE FILING VERSION OF THE FORM 990 AND ACCOMPANYING SCHEDULES SHALL BE PROVIDED TO THE NASPO SECRETARY/TREASURER FOR AUTHORIZING SIGNATURE AND SUBMISSION TO THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, ALL INTERESTED PERSONS, WHICH INCLUDE ANY MEMBER OF THE BOARD OF DIRECTORS, A PRINCIPAL OFFICER, OR A MEMBER OF A COMMITTEE WITH GOVERNING BODY DELEGATED POWERS, ARE PROVIDED A COPY OF THE CONFLICT OF INTEREST POLICY AND ARE REQUIRED TO COMPLETE AND SIGN AN ACKNOWLEDGMENT AND DISCLOSURE OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. ALL COMPLETED FORMS ARE REVIEWED BY THE NASPO PRESIDENT AS DEFINED IN THE POLICY. A CONFLICT OF INTEREST IS A TRANSACTION OR RELATIONSHIP, WHICH PRESENTS OR MAY PRESENT A CONFLICT BETWEEN INTERESTED PERSON'S OBLIGATIONS TO NASPO AND THAT PERSON'S PERSONAL, BUSINESS, OR OTHER INTEREST. PROCEDURE FOR ADDRESSING A CONFLICT OF INTEREST: THE INTERESTED PERSONS MAY MAKE A PRESENTATION TO THE BOARD OF DIRECTORS, BUT, AFTER THE PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE OF THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE PRESIDENT SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILLIGENCE, THE BOARD OF DIRECTORS SHALL DETERMINE WHETHER NASPO CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THEN THE BOARD OF DIRECTORS SHALL DETERMINE BY MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN NASPO'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE IN CONFORMITY WITH THIS DETERMINATION. THE BOARD OF DIRECTORS SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE NASPO EXECUTIVE COMMITTEE ALONG WITH THE NASPO GENERAL COUNSEL MEET ANNUALLY TO REVIEW THE PERFORMANCE EVALUATION OF THE CEO FOR CONSIDERATION OF MERIT PAY INCREASE EFFECTIVE JANUARY 1 OF EACH CALENDAR YEAR. ANY MERIT INCREASE IS CONTEMPLATED UPON A SALARY COMPARISON OF SIMILARLY SIZED NONPROFITS, PERFORMANCE OF THE ORGANIZATION, AND BUDGETARY CONSTRAINTS. THE GENERAL COUNSEL COMMUNICATES THE EXECUTIVE COMMITTEE DECISION TO THE CFO FOR AUTHORIZING ANY PAYROLL ADJUSTMENTS. THE CEO IS CHARGED WITH DETERMINING THE COMPENSATION OF OTHER EXECUTIVES IN LINE WITH THE BUDGETARY CONSTRAINT AND SALARY COMPARISONS AVAILABLE TO THE ORGANIZATION. DURING THE PRESENTATION OF NASPO'S ANNUAL BUDGET, INCENTIVE PAYMENTS CAN BE APPROVED FOR EMPLOYEES BASED ON MEETING METRICS SET BY THE CEO. FORM 990, PART VI, SECTION C, LINE 19 POSTS AN ACKNOWLEDGMENT OF THE ORGANIZATION'S COMPLIANCE WITH THE IRS CODE FOR PUBLIC INSPECTION REQUIREMENTS, WITH INSTRUCTIONS FOR CONTACTING THE ORGANIZATION'S HEADQUARTERS TO ARRANGE IN- PERSON INSPECTION AND/OR FURNISH COPIES ON REQUEST, INCLUDING FORM 1023, FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY & FINANCIAL STATEMENTS. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. UNIVERSAL PUBLIC PROCUREMENT CERTIFICATION COUNCIL 110 W VINE STREET LEXINGTON KY 40507 541929791 CERTIFICATION OF PROCUREMENT OFFICIALS VA 501(C)(3) LINE 10 0 PROCUREMENT PROFESSIONALS ALLIANCE 110 W VINE STREET LEXINGTON KY 40507 991210793 CERTIFICATION OF PROCUREMENT OFFICIALS AZ 501(C)(3) PF 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 UNIVERSAL PUBLIC PROCUREMENT CERTIFICATION COUNCIL R 1198766 FAIR VALUE PROCUREMENT PROFESSIONALS ALLIANCE B 1112055 FAIR VALUE