2025-11-14T04:19:54-06:00 2024-12-31 420714325 RSM US LLP 1001 WATER ST STE 500 TAMPA FL 33602 990 2024-01-01 521866840 NATIONAL ASSOCIATION OF BROADCASTERS LEADERSHIP FOUNDATION NATI 2024293191 1 M STREET SE WASHINGTON DC 20003 MICHELLE DUKE PRESIDENT 2024293191 2025-11-12 1 1 KRISTEN BARNETT P01234578 8133162300 2025-11-12 2024 2025-03-06 01:10:19Z MICHELLE DUKE 1 M STREET SE WASHINGTON DC 20003 6491446 0 X NABFOUNDATION.ORG X 1994 DC THE NAB LEADERSHIP FOUNDATION'S MISSION IS TO DEVELOP LEADERS, RECRUIT AND PREPARE THE INDUSTRY'S FUTURE WORKFORCE AND HIGHLIGHT THE ESSENTIAL WORK OF LOCAL BROADCASTERS. THE NAB LEADERSHIP FOUNDATION WORKS WITH CURRENT AND ASPIRING LEADERS IN BROADCASTING TO BUILD AN INNOVATIVE AND VIBRANT FUTURE FOR THE BROADCAST INDUSTRY. WE INVEST IN OUR GREATEST RESOURCE: PEOPLE. 23 23 0 25 0 0 504595 464468 1185901 1720943 81758 403753 15942 47103 1788196 2636267 71500 120990 0 0 888523 1169105 0 0 63926 1022731 1131142 1982754 2421237 -194558 215030 5066651 5489476 559758 581919 4506893 4907557 X THE NAB LEADERSHIP FOUNDATION'S MISSION IS TO DEVELOP LEADERS, RECRUIT AND PREPARE THE INDUSTRY'S FUTURE WORKFORCE AND HIGHLIGHT THE ESSENTIAL WORK OF LOCAL BROADCASTERS. 0 0 645654 742574 CELEBRATION OF SERVICE TO AMERICA (STA) : THE CELEBRATION OF STA GALA, HELD EACH YEAR, RECOGNIZES LOCAL RADIO AND TELEVISION BROADCASTERS FOR OUTSTANDING PUBLIC SERVICE. IN ADDITION TO RECOGNIZING STATIONS FOR SERVICING THEIR LOCAL COMMUNITIES, THE LEADERSHIP AWARD IS PRESENTED TO A PUBLIC FIGURE OUTSIDE OF THE BROADCASTING INDUSTRY IN RECOGNITION OF HIS OR HER HUMANITARIAN WORK. THE CELEBRATION IS PRODUCED INTO A TELEVISION SHOW THAT AIRS ON STATIONS NATIONWIDE. 478474 274048 BROADCAST LEADERSHIP TRAINING: THE BROADCAST LEADERSHIP TRAINING (BLT) IS THE INDUSTRY'S PREMIER, EXECUTIVE MBA-STYLE PROGRAM DESIGNED TO PREPARE SENIOR-LEVEL MANAGERS FOR ADVANCED ROLES AT THEIR STATION AND BEYOND. PARTICIPANTS WILL GAIN THE SKILLS AND EXPERIENCE TO MOVE INTO THE C-SUITE, OVERSEE BUSINESS OPERATIONS AND LEARN HOW TO NAVIGATE OUR RAPIDLY EVOLVING MARKETPLACE. 215906 5750 219321 TECHNOLOGY APPRENTICESHIP PROGRAM (TAP) IS DESIGNED TO TRAIN AND INFORM STUDENTS ON ENGINEERING, INFORMATION SYSTEMS AND EMERGING TECHNOLOGIES IN BROADCASTING, INCLUDING AWS CLOUD-BASED INSTRUCTION. THE PROGRAM IS ROOTED IN WORKFORCE DEVELOPMENT AND PARTICIPANTS WILL INTERACT WITH SUBJECT MATTER EXPERTS, RANGING FROM FORMER GRADUATES TO SENIOR MANAGERS TO RECRUITERS. THERE IS AN EMPHASIS ON DEVELOPING AND MAXIMIZING YOUR SKILL SETS TO PREPARE YOU FOR OPEN POSITIONS AT LOCAL STATIONS. 143384 30720 25500 EMERSON COLEMAN FELLOWSHIP 194376 8000 213250 MEDIA SALES ACADEMY (MSA): MSA PROGRAM TRAINS RECENT COLLEGE GRADUATES DURING AN INTENSIVE TRAINING PROGRAM, WHERE THE STUDENTS LEARN ABOUT WINNING SALES STRATEGIES, NETWORKING, PRESENTING EFFECTIVE PITCHES AND CLOSING SALES. AT THE END OF THE PROGRAM, STUDENT MAKE MOCK SALES PRESENTATIONS TO RECRUITING COMPANIES. MANY STUDENTS WHO PARTICIPATE ARE HIRED FOR MEDIA SALES POSITIONS. MSA TRAINS COLLEGE JUNIORS THROUGH RECENT COLLEGE GRADUATES. 188500 76520 14000 OUTREACH 250000 250000 KNIGHT FOUNDATION GRANT 14853 25000 MULTICULTURAL MEDIA PRODUCING PROGRAM 791113 115240 527750 2131147 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 32 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AZ AK CA CO CT FL GA HI ID IL KS KY MD MA ME MI MN MS NC ND NH NJ NM NV NY OH OK OR PA RI SC TN UT VA WA WI WV X TEA GENNARO TREASURER 2024293191 1 M STREET SE WASHINGTON DC 20003 DUJUAN MCCOY BOARD CHAIR 1.00 2.00 X 0 0 0 ARTIE ALTMAN BOARD DIRECTOR 1.00 X 0 0 0 CAROLINE BEASLEY BOARD DIRECTOR 1.00 X 0 0 0 TONY COLES BOARD DIRECTOR 1.00 X 0 0 0 JAN GOLDSTEIN BOARD DIRECTOR 1.00 X 0 0 0 TAMRON HALL BOARD DIRECTOR 1.00 X 0 0 0 REBECCA HANSON BOARD DIRECTOR 1.00 X 0 0 0 JULIE KOEHN BOARD DIRECTOR 1.00 2.00 X 0 0 0 BRIAN LAWLOR BOARD DIRECTOR 1.00 X 0 0 0 WENDY MCMAHON BOARD DIRECTOR 1.00 X 0 0 0 KEVIN PERRY BOARD DIRECTOR 1.00 2.00 X 0 0 0 CRAIG ROBINSON BOARD DIRECTOR 1.00 X 0 0 0 MELODY SMALLS BOARD DIRECTOR 1.00 X 0 0 0 CATHERINE BADALAMENTE BOARD DIRECTOR 1.00 2.00 X 0 0 0 LYNN BEALL BOARD DIRECTOR 1.00 2.00 X 0 0 0 JOESPH DISCIPIO BOARD DIRECTOR 1.00 X 0 0 0 CHAD MATTHEWS BOARD DIRECTOR 1.00 X 0 0 0 MARIAN PITTMAN BOARD DIRECTOR 1.00 X 0 0 0 DAVID SANTRELLA BOARD DIRECTOR 1.00 2.00 X 0 0 0 JORDAN WERTLIEB BOARD DIRECTOR 1.00 X 0 0 0 KAREN WISHART BOARD DIRECTOR 1.00 X 0 0 0 CURTIS LEGEYT DIRECTOR 3.00 57.00 X 0 2923659 44587 RICHARD KAPLAN NABLF COUNSEL 3.00 57.00 X 0 1349779 46723 TEA GENNARO NABLF TREASURER 3.00 57.00 X 0 530583 50415 IRETA DUKE PRESIDENT 42.94 12.06 X 281979 79211 22816 TIM DOTSON DIRECTOR OF DEVELOPMENT 55.00 X 220630 0 32141 502609 4883232 196682 0 0 1 0 0 250000 214468 464468 SPONSORSHIP REVENUE 900099 775071 775071 SERVICE TO AMERICA 900099 742574 742574 REGISTRATION INCOME 900099 203298 203298 1720943 117315 117315 45060 45060 4141617 3855179 286438 286438 286438 OTHER REVENUE 900099 2043 2043 2043 2636267 945872 0 1225927 X 120990 120990 552563 390204 136763 25596 513201 481609 31592 8786 8245 541 36047 33828 2219 58508 41317 14481 2710 11904 9995 1185 724 3360 3360 373321 372788 533 10984 5370 5614 49665 42062 7603 789 159 619 11 249562 218456 31106 19817 19817 EVENT OPERATION & PROD. 408419 405303 3116 OTHER 3321 821 2500 2421237 2131147 226164 63926 566804 345938 23334 12850 133325 220652 20457 17733 84815 84815 0 0 4322731 4892303 5066651 5489476 44903 166932 514855 414987 559758 581919 X 4065678 4459166 441215 448391 4506893 4907557 5066651 5489476 215030 185634 0 X X 0 1 X 1 0 X 364361 447444 908188 504595 464468 2689056 692698 979390 1036765 1185901 1720943 5615697 1057059 1426834 1944953 1690496 2185411 8304753 272100 272500 292750 334825 349650 1521825 174540 60885 207850 685860 749631 1878766 446640 333385 500600 1020685 1099281 3400591 4904162 81977 71448 91502 95450 162375 502752 81977 71448 91502 95450 162375 502752 74000 2250 2043 78293 1139036 1572282 2036455 1788196 2349829 8885798 0.55190 0.60060 0.05660 0.05500 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 74,000. 2023 AMOUNT: $ 2,250. 2024 AMOUNT: $ 2,043. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 84815 84815 0 0 X 3444111 185634 642027 -19817 807844 2636267 0 2636267 3043447 642027 642027 2401420 19817 19817 2421237 PART X, LINE 2: NABLF HAS BEEN RECOGNIZED AS EXEMPT BY THE INTERNAL REVENUE SERVICE UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE FROM FEDERAL INCOME TAX ON ANY INCOME EXCEPT UNRELATED BUSINESS INCOME. NABLF HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION, NOT A PRIVATE FOUNDATION, UNDER SECTION 509(A)(2). PART XI, LINE 2D - OTHER ADJUSTMENTS: RECLASS OF BOND AMORTIZATION -19,817. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASS OF BOND AMORTIZATION 19,817. 1 TECHNOLOGY APPRENTICESHIP PROGRAM 22 5750 MEDIA SALES ACADEMY 14 8000 EMERSON COLEMAN FELLOWSHIP 5 30720 KNIGHT FOUNDATION STUDENTS 11 76520 PART I, LINE 2: GRANT RECIPIENTS ARE REQUIRED TO PARTICIPATE IN NABLF PROGRAMS AND IS MONITORED AT EACH PROGRAM. 0 0 0 1 0 0 0 0 0 CURTIS LEGEYT DIRECTOR 0 2490027 0 425000 0 8632 0 11500 0 33087 0 2968246 0 0 RICHARD KAPLAN NABLF COUNSEL 0 1186890 0 160000 0 2889 0 10500 0 36223 0 1396502 0 0 TEA GENNARO NABLF TREASURER 0 458703 0 71250 0 630 0 11499 0 38916 0 580998 0 0 IRETA DUKE PRESIDENT 260745 73246 19517 5483 1717 482 8133 2284 9680 2719 299792 84214 0 0 TIM DOTSON DIRECTOR OF DEVELOPMENT 172862 0 45308 0 2460 0 8218 0 23923 0 252771 0 0 0 PART I, LINE 3 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE NAB PRESIDENT AND NABLF CHAIR CONSISTENT WITH THE NABLF BYLAWS. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA AS AVAILABLE. THE COMPENSATION OF OTHER OFFICERS 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. PART I, LINE 5 THERE IS A BONUS COMPENSATION AGREEMENT FOR THE VP, DEVELOPMENT BASED ON GROSS REVENUES EARNED FOR VARIOUS PROGRAMS. THE MAXIMUM BONUS POTENTIAL IS CAPPED AT A PERCENTAGE OF THE GROSS REVENUES GOAL FOR THE FISCAL YEAR. THE REVENUES GOAL IS DETERMINED COLLABORATIVELY BY THE PRESIDENT, VICE PRESIDENT, AND TREASURER WITH FINAL APPROVAL OBTAINED FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY CREATE COMMITTEE(S) CONSISTING OF DIRECTORS OR OTHER PERSONS, WHICH COMMITTEE(S) SHALL HAVE SUCH AUTHORITY AS THE BOARD OF DIRECTORS MAY BY LAW AND THE BYLAWS DIRECT. FORM 990, PART VI, SECTION B, LINE 11B REVIEW IS PERFORMED BY NABLF BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C NABLF STAFF REVIEW AND SIGN A CONFLICT OF INTEREST/BUSINESS ETHICS POLICY THAT PROVIDES GUIDANCE ON AVOIDING CONFLICTS OF INTEREST, AVOIDING UNDUE INFLUENCE, AND LIMITATIONS ON ACCEPTANCE OF GIFTS. A SERIOUS CONFLICT OF INTEREST WOULD BE BROUGHT TO THE ATTENTION OF THE NABLF PRESIDENT OR THE CHAIRMAN OF THE NABLF BOARD FOR RESOLUTION. ANY CONFLICTS NOT RESOLVED ARE BROUGHT TO THE ATTENTION OF THE AUDIT COMMITTEE AND/OR EXECUTIVE COMMITTEE. DIRECTORS SHOULD PROMOTE ETHICAL BEHAVIOR AND TAKE STEPS TO ENSURE THAT NABLF, ENCOURAGES EMPLOYEES TO TALK TO APPROPRIATE PERSONS WHEN IN DOUBT ABOUT THE BEST COURSE OF ACTION IN A PARTICULAR ETHICAL SITUATION AND TO REPORT VIOLATIONS OR SUSPECTED VIOLATIONS OF LAW OR CODE OF CONDUCT, AS THE SAME TIME ASSURE EMPLOYEES THAT NABLF WILL NOT ALLOW RETALIATION FOR REPORTING POSSIBLE VIOLATIONS OF LAW OR THIS CODE OF CONDUCT IN GOOD FAITH. THE BOARD WILL ENSURE THAT THE NABLF OFFICERS AND EMPLOYEES ARE ADVISED OF PROCEDURES FOR REPORTING POTENTIAL VIOLATIONS. DIRECTORS SHOULD REPORT ANY SUSPECTED VIOLATIONS OF THIS CODE PROMPTLY TO THE CHAIR OF THE BOARD OF NABLF, PRESIDENT AND/OR TO THE TREASURER. ALLEGED VIOLATIONS WILL BE INVESTIGATED BY THE BOARD (EXCLUDING THE DIRECTOR WHO IS ALLEGED TO HAVE COMMITTED THE VIOLATION) OR BY A PERSON OR PERSONS DESIGNATED BY THE BOARD, AND APPROPRIATE ACTION TAKEN IN THE EVENT OF A VIOLATION. SANCTIONS MAY BE IMPOSED IF THERE IS A VIOLATION, COMMENSURATE WITH THE DEGREE OF THE VIOLATION, AND MAY INCLUDE CAUTIONARY ADMONITION, PRIVATE CENSURE, REQUEST FOR REMEDIAL ACTION, PUBLIC CENSURE, REQUEST FOR RESIGNATION, REMOVAL FROM THE BOARD OR SUCH OTHER ACTION AS THE BOARD SHALL DEEM APPROPRIATE. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT'S COMPENSATION IS DETERMINED BY THE NAB PRESIDENT AND NABLF CHAIR CONSISTENT WITH THE NABLF BYLAWS. THERE IS DISCUSSION AND DELIBERATION, AND THE PARTIES ARE PROVIDED WITH COMPARABLE DATA AS AVAILABLE. THE COMPENSATION OF OTHER OFFICERS 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 NABLF DOES NOT MAKE ITS GOVERNING DOCUMENTS, POLICIES 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 FEES: PROGRAM SERVICE EXPENSES 372,788. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 533. TOTAL EXPENSES 373,321. 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. NATIONAL ASSOCIATION OF BROADCASTERS 1 M STREET WASHINGTON DC 20003 530114600 ADVOCACY AND EDUCATION FOR RADIO & TV BROADCASTING DE 501(C)(6) 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 NATIONAL ASSOCIATION OF BROADCASTERS C 250000 CASH NATIONAL ASSOCIATION OF BROADCASTERS N 67369 COST ALLOCATION NATIONAL ASSOCIATION OF BROADCASTERS P 1211772 COST BASIS NATIONAL ASSOCIATION OF BROADCASTERS O 362488 COST BASIS