2026-08-10T10:38:10-04:00 2025-09-30 264694278 GOLDIN GROUP LLC 4500 EAST-WEST HWY 710 BETHESDA MD 20814 990 2024-10-01 521784596 NATIONAL ASSOCIATION OF VETERANS' RESEARCH AND EDUCATION FOUNDATIONS NATI 7032028113 1717 K ST NW 900 WASHINGTON DC 20006 RASHI ROMANOFF CEO 3016565005 2026-08-10 false SVITLANA KERNIZAN P00939991 3019130008 2026-08-10 2024 2025-03-06 01:10:19Z RASHI ROMANOFF 1717 K ST NW SUITE 900 WASHINGTON DC 20006 1484561 false X WWW.NAVREF.ORG X 1992 DC NAVREF'S MISSION IS TO ADVANCE THE SUCCESS OF THE VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS. 12 12 6 12 0 348859 376100 907587 1076671 39693 31790 261 0 1296400 1484561 0 0 627267 631436 0 39484 1062904 614975 1690171 1246411 -393771 238150 1332199 1751170 514443 632465 817756 1118705 X NAVREF'S MISSION IS TO ADVANCE THE SUCCESS OF THE VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS. false false 376137 EDUCATION: EDUCATION IS A CRITICAL COMPONENT OF NAVREF'S VISION, MISSION AND VALUES. NAVREF OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS. THESE INCLUDE: (1) TRAINING WORKSHOPS- TYPICALLY 2-DAY EVENTS FOCUSED ON TOPICS OF INTEREST, (2) A MONTHLY WEBINAR SERIES- A MEMBER- DRIVEN ONLINE SERIES THAT DELIVERS EDUCATIONAL CONTACT EACH MONTH TO ADDRESS EVOLVING NPC-RELATED TOPICS AND PRESENT SERVICES TO MEMBERS, AND (3) REGULAR FORUM CALLS - BIWEEKLY VIDEO CALLS WHERE MEMBERS CAN DISCUSS ANY EMERGING CONCERN OR ISSUE THEY ARE FACING LOCALLY AT THEIR NPC. (4) NAVREF ALSO HOSTS A STATE OF THE SCIENCE SERIES TO CONVENE STAKEHOLDERS ON SPECIFIC TOPICS SUCH AS PRIORITY DISEASE AREAS AND INNOVATIONS IN MEDICINE. ADDITIONALLY, NAVREF OFFERS MEMBERS PEER REVIEW CONSULTATION SERVICES WHICH INVOLVES AN INTENSE PREPARATORY REVIEW OF BYLAWS, STRATEGY, POLICIES, PROCEDURES, AND FINANCES FOLLOWED BY A SITE VISIT TO DISCUSS SPECIFIC ISSUES AND SOLUTIONS WITH THE NPC'S EXECUTIVES AND BOARD OF DIRECTORS. THE CENTERPIECE OF NAVREF'S EDUCATIONAL PROGRAM IS OUR ANNUAL CONFERENCE. THE 3-DAY EVENT AVERAGES 200 ATTENDEES FROM MEMBER ORGANIZATIONS AND FOCUSES ON THE MOST RELEVANT TOPICS RELATED TO ADMINISTRATION, GOVERNANCE, FINANCIAL MANAGEMENT, HUMAN RESOURCES, AND REVENUE DEVELOPMENT. PLENARY SPEAKERS FROM THE U.S. CONGRESS, DEPARTMENT OF VETERANS AFFAIRS, NATIONAL INSTITUTES OF NATIONAL ASSOCIATION OF VETERANS' HEALTH, AND THE LIFE SCIENCES INDUSTRY PROVIDE KEEN INSIGHT ON DEVELOPING TRENDS AND INITIATIVES. NAVREF ALSO COORDINATES WITH OUR MEMBERS AND OTHER NONPROFIT ORGANIZATIONS TO PROVIDE ADDITIONAL EDUCATIONAL CONTENT FOR MEMBER EMPLOYEES AND VA-AFFILIATED PERSONNEL AT NO COST TO THE MEMBERS. 573649 MEMBER COMMUNICATIONS & SERVICES: NAVREF ENSURES THE SUCCESS OF ITS MEMBERS BY PROVIDING BOTH DIRECT AND INDIRECT SERVICES. MEMBERS ARE ENCOURAGED TO REACH OUT TO NAVREF STAFF BY PHONE OR EMAIL FOR TECHNICAL ASSISTANCE AND SUPPORT. INFORMATION IS ALSO DISSEMINATED TO MEMBERS VIA THE ORGANIZATION'S WEBSITE, EMAIL, AND THE QUARTERLY NEWSLETTER PRODUCED BY STAFF. THIS NEWSLETTER CONTAINS ARTICLES, COLUMNS, AND REMINDERS KEEPING ALL MEMBERS UP-TO-DATE ON CURENT ACTIVITIES WITHIN THE NON-PROFIT SECTOR, THE CLINICAL RESEARCH INDUSTRY, AND THE VETERAN RESEARCH COMMUNITY. OVER ITS 35-YEAR HISTORY, NAVREF HAS DEVELOPED CONTACTS WITH NUMEROUS EXPERTS IN NPC GOVERNANCE, FINANCES, HUMAN RESOURCES, GRANTS MANAGEMENT, ADVOCACY, AND RESEARCH ADMINISTRATION. MANY OF THESE EXPERTS MAKE THEMSELVES AVAILABLE TO NAVREF AND ITS' MEMBERS TO ADDRESS EMERGING ISSUES. IN KEEPING WITH ITS VISION TO PROMOTE PARTNERSHIPS TO ADVANCE VETERAN HEALTH, NAVREF PROVIDES A CLINICAL TRIAL MATCHMAKING SERVICES WHICH CONNECTS MEMBER ORGANIZATIONS WITH CLINICAL RESEARCH OPPORTUNITIES FOR VETERANS. NAVREF STAFF ACTIVELY PURSUE RELATIONSHIPS WITH PHARMACEUTICAL COMPANIES AND CONTRACT RESEARCH ORGANIZATIONS INTERESTED IN CONDUCTING RESEARCH STUDIES AT VA MEDICAL CENTERS. NAVREF NEGOTIATES WITH VENDORS TO PROVIDE SERVICES FOR MEMBER ORGANIZATIONS AT GROUP DISCOUNTS. 112543 PROGRAM DEVELOPMENT: THROUGH A MULTIYEAR PARTNERSHIP WITH THE VA OFFICE OF RESEARCH AND DEVELOPMENT, OUR COMBINED PROGRAM PROVIDES VETERANS WITH GREATER ACCESS TO INDUSTRY SPONSORED CLINICAL TRIALS AND MAKE VA A PARTNER OF CHOICE FOR INDUSTRY SPONSORED TRIALS. ONE CRITICAL OUTCOME OF THIS PROGRAM WAS THE LAUNCH OF NAVREF'S INDUSTRY PARTNER CONSORTIUM IN 2021. THE INDUSTRY PARTNER CONSORTIUM SERVES AS A PLATFORM FOR INDUSTRY SPONSORS, NONPROFIT ORGANIZATIONS, AND OTHER EXTERNAL PARTNERS TO IDENTIFY, COLLABORATE, AND OVERCOME CHALLENGES WITHIN VA RESEARCH THAT HINDER OUR NATION'S VETERANS FROM ACCESSING CUTTING-EDGE CLINICAL TRIAL OPPORTUNITIES. THE CONSORTIUM CONVENES REGULARLY AND REPRESENTS STAKEHOLDERS FROM A VARIETY OF HEALTH CARE INDUSTRIES. ONE OF THE MOST SIGNIFICANT PRODUCTS OF THE INDUSTRY PARTNER CONSORTIUM HAS BEEN THE JOINT ESTABLISHMENT WITH VA OF THE PARTNERED RESEARCH PROGRAM (PRP), A DEDICATED RESOURCE FOR INTERNAL AND EXTERNAL STAKEHOLDERS INTERESTED IN CONDUCTING MULTISITE TRIALS WITHIN VA. NAVREF ALSO OFFERS NO-COST CLINICAL TRIALS CONSULTATIONS TO ALL RESEARCH PARTNERS THAT MAY BE INTERESTED IN BRINGING MORE CLINICAL RESEARCH OPPORTUNITIES TO VETERANS. THROUGH REGUALR OUTREACH, NAVREF IS HEIGHTENING AWARENESS OF VA RESEARCH AND THE NONPROFITS AND EXPLORING OPPORTUNITIES TO PARTNER AND COLLABORATE TO BENEFIT VETERANS' HEALTH. 11232 OTHER PROGRAMS. 11232 1073561 true true false true false false false false false false true false false false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 2 0 true 6 true false false false false false false false false X 12 12 false false false false true true true true true false false true true true true true true true false false DC X X X GOLDIN GROUP LLC 3019130008 4500 EAST-WEST HWY STE 710 BETHESDA MD 20814 RASHI ROMANOFF CEO 40.00 X 258063 0 20356 HAWK V TRAN COO 40.00 X 150000 0 11250 PEGGY BRADLEY BOARD CHAIR 1.00 X X 0 0 0 DAVID CENNIMO BOARD MEMBER 1.00 X 0 0 0 MATTHEW COLLIER BOARD MEMBER 1.00 X 0 0 0 MAGGIE CZARNOGORSKI BOARD MEMBER 1.00 X 0 0 0 THOMAS C FERGUSON BOARD MEMBER 1.00 X 0 0 0 LESLIE HUGHES TREAS./SECR. 1.00 X X 0 0 0 JOSE HUIZAR BOARD MEMBER 1.00 X 0 0 0 WAQAR MALIK BOARD MEMBER 1.00 X 0 0 0 BIRGIT ROLLER BOARD MEMBER 1.00 X 0 0 0 REBECCA ROSALES BOARD VICE C 1.00 X X 0 0 0 KATRINA WASHBURN BOARD MEMBER 1.00 X 0 0 0 CHRIS WOOD BOARD MEMBER 1.00 X 0 0 0 408063 31606 2 false true false 376100 376100 MEMBERSHIP DUES 541990 459750 459750 ANNUAL CONFERENCE 541990 376137 376137 PROJECT ROGUE 541990 113899 113899 INDUSTRY PARTNER CONSORTIUM 541990 112543 112543 LEGAL REVENUE 541990 14342 14342 1076671 31790 31790 1484561 1076671 31790 408063 367257 32645 8161 137106 100583 17110 19413 34367 29495 3148 1724 15122 12972 1388 762 36778 31573 3325 1880 47151 40485 4286 2380 86613 54000 32613 17789 15207 1745 837 44090 21545 19595 2950 1428 1221 140 67 11195 9599 1023 573 308334 293818 14079 437 1747 1747 5557 4735 522 300 MEMBER SERVICES 51208 51208 PROJECT ROGUE 39570 39570 INDUSTRY PARTNER CONSORTI 293 293 1246411 1073561 133366 39484 98459 515482 1068085 1138726 154960 79407 5007 13113 30269 26326 5688 3943 499 1332199 1751170 104783 60324 409660 572141 514443 632465 X 757756 1058705 60000 60000 817756 1118705 1332199 1751170 238150 66361 -3562 X false true X true X 185604 7171 4872 348859 376100 922606 516505 714725 749006 907848 1076671 3964755 702109 721896 753878 1256707 1452771 4887361 4887361 160136 24913 39675 39693 31790 296207 160136 24913 39675 39693 31790 296207 862245 746809 793553 1296400 1484561 5183568 0.94290 0.93310 0.06000 0.07000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false SCHEDULE C, PART IV NAVREF DOESN'T ENGAGE IN DIRECT OR INDIRECT POLITICAL CAMPAIGN ACTIVITIES. 30269 26326 3943 3943 1550922 66361 66361 1484561 1484561 1246411 1246411 1246411 false false false false false false false false false RASHI ROMANOFF CEO 258063 19294 1062 278419 HAWK V TRAN COO 150000 11250 161250 FORM 990, PAGE 2, PART III, LINE 4A EDUCATION: EDUCATION IS A CRITICAL COMPONENT OF NAVREF'S VISION, MISSION AND VALUES. NAVREF OFFERS A VARIETY OF EDUCATIONAL OPPORTUNITIES TO ITS MEMBERS. THESE INCLUDE: (1) TRAINING WORKSHOPS- TYPICALLY 2-DAY EVENTS FOCUSED ON TOPICS OF INTEREST, (2) A MONTHLY WEBINAR SERIES- A MEMBER- DRIVEN ONLINE SERIES THAT DELIVERS EDUCATIONAL CONTACT EACH MONTH TO ADDRESS EVOLVING NPC-RELATED TOPICS AND PRESENT SERVICES TO MEMBERS, AND (3) REGULAR FORUM CALLS - BIWEEKLY VIDEO CALLS WHERE MEMBERS CAN DISCUSS ANY EMERGING CONCERN OR ISSUE THEY ARE FACING LOCALLY AT THEIR NPC. (4) NAVREF ALSO HOSTS A STATE OF THE SCIENCE SERIES TO CONVENE STAKEHOLDERS ON SPECIFIC TOPICS SUCH AS PRIORITY DISEASE AREAS AND INNOVATIONS IN MEDICINE. ADDITIONALLY, NAVREF OFFERS MEMBERS PEER REVIEW CONSULTATION SERVICES WHICH INVOLVES AN INTENSE PREPARATORY REVIEW OF BYLAWS, STRATEGY, POLICIES, PROCEDURES, AND FINANCES FOLLOWED BY A SITE VISIT TO DISCUSS SPECIFIC ISSUES AND SOLUTIONS WITH THE NPC'S EXECUTIVES AND BOARD OF DIRECTORS. THE CENTERPIECE OF NAVREF'S EDUCATIONAL PROGRAM IS OUR ANNUAL CONFERENCE. THE 3-DAY EVENT AVERAGES 200 ATTENDEES FROM MEMBER ORGANIZATIONS AND FOCUSES ON THE MOST RELEVANT TOPICS RELATED TO ADMINISTRATION, GOVERNANCE, FINANCIAL MANAGEMENT, HUMAN RESOURCES, AND REVENUE DEVELOPMENT. PLENARY SPEAKERS FROM THE U.S. CONGRESS, DEPARTMENT OF VETERANS AFFAIRS, NATIONAL INSTITUTES OF NATIONAL ASSOCIATION OF VETERANS' HEALTH, AND THE LIFE SCIENCES INDUSTRY PROVIDE KEEN INSIGHT ON DEVELOPING TRENDS AND INITIATIVES. NAVREF ALSO COORDINATES WITH OUR MEMBERS AND OTHER NONPROFIT ORGANIZATIONS TO PROVIDE ADDITIONAL EDUCATIONAL CONTENT FOR MEMBER EMPLOYEES AND VA-AFFILIATED PERSONNEL AT NO COST TO THE MEMBERS. FORM 990, PAGE 2, PART III, LINE 4B MEMBER COMMUNICATIONS & SERVICES: NAVREF ENSURES THE SUCCESS OF ITS MEMBERS BY PROVIDING BOTH DIRECT AND INDIRECT SERVICES. MEMBERS ARE ENCOURAGED TO REACH OUT TO NAVREF STAFF BY PHONE OR EMAIL FOR TECHNICAL ASSISTANCE AND SUPPORT. INFORMATION IS ALSO DISSEMINATED TO MEMBERS VIA THE ORGANIZATION'S WEBSITE, EMAIL, AND THE QUARTERLY NEWSLETTER PRODUCED BY STAFF. THIS NEWSLETTER CONTAINS ARTICLES, COLUMNS, AND REMINDERS KEEPING ALL MEMBERS UP-TO-DATE ON CURENT ACTIVITIES WITHIN THE NON-PROFIT SECTOR, THE CLINICAL RESEARCH INDUSTRY, AND THE VETERAN RESEARCH COMMUNITY. OVER ITS 35-YEAR HISTORY, NAVREF HAS DEVELOPED CONTACTS WITH NUMEROUS EXPERTS IN NPC GOVERNANCE, FINANCES, HUMAN RESOURCES, GRANTS MANAGEMENT, ADVOCACY, AND RESEARCH ADMINISTRATION. MANY OF THESE EXPERTS MAKE THEMSELVES AVAILABLE TO NAVREF AND ITS' MEMBERS TO ADDRESS EMERGING ISSUES. IN KEEPING WITH ITS VISION TO PROMOTE PARTNERSHIPS TO ADVANCE VETERAN HEALTH, NAVREF PROVIDES A CLINICAL TRIAL MATCHMAKING SERVICES WHICH CONNECTS MEMBER ORGANIZATIONS WITH CLINICAL RESEARCH OPPORTUNITIES FOR VETERANS. NAVREF STAFF ACTIVELY PURSUE RELATIONSHIPS WITH PHARMACEUTICAL COMPANIES AND CONTRACT RESEARCH ORGANIZATIONS INTERESTED IN CONDUCTING RESEARCH STUDIES AT VA MEDICAL CENTERS. NAVREF NEGOTIATES WITH VENDORS TO PROVIDE SERVICES FOR MEMBER ORGANIZATIONS AT GROUP DISCOUNTS. FORM 990, PAGE 2, PART III, LINE 4C PROGRAM DEVELOPMENT: THROUGH A MULTIYEAR PARTNERSHIP WITH THE VA OFFICE OF RESEARCH AND DEVELOPMENT, OUR COMBINED PROGRAM PROVIDES VETERANS WITH GREATER ACCESS TO INDUSTRY SPONSORED CLINICAL TRIALS AND MAKE VA A PARTNER OF CHOICE FOR INDUSTRY SPONSORED TRIALS. ONE CRITICAL OUTCOME OF THIS PROGRAM WAS THE LAUNCH OF NAVREF'S INDUSTRY PARTNER CONSORTIUM IN 2021. THE INDUSTRY PARTNER CONSORTIUM SERVES AS A PLATFORM FOR INDUSTRY SPONSORS, NONPROFIT ORGANIZATIONS, AND OTHER EXTERNAL PARTNERS TO IDENTIFY, COLLABORATE, AND OVERCOME CHALLENGES WITHIN VA RESEARCH THAT HINDER OUR NATION'S VETERANS FROM ACCESSING CUTTING-EDGE CLINICAL TRIAL OPPORTUNITIES. THE CONSORTIUM CONVENES REGULARLY AND REPRESENTS STAKEHOLDERS FROM A VARIETY OF HEALTH CARE INDUSTRIES. ONE OF THE MOST SIGNIFICANT PRODUCTS OF THE INDUSTRY PARTNER CONSORTIUM HAS BEEN THE JOINT ESTABLISHMENT WITH VA OF THE PARTNERED RESEARCH PROGRAM (PRP), A DEDICATED RESOURCE FOR INTERNAL AND EXTERNAL STAKEHOLDERS INTERESTED IN CONDUCTING MULTISITE TRIALS WITHIN VA. NAVREF ALSO OFFERS NO-COST CLINICAL TRIALS CONSULTATIONS TO ALL RESEARCH PARTNERS THAT MAY BE INTERESTED IN BRINGING MORE CLINICAL RESEARCH OPPORTUNITIES TO VETERANS. THROUGH REGUALR OUTREACH, NAVREF IS HEIGHTENING AWARENESS OF VA RESEARCH AND THE NONPROFITS AND EXPLORING OPPORTUNITIES TO PARTNER AND COLLABORATE TO BENEFIT VETERANS' HEALTH. FORM 990, PAGE 2, PART III, LINE 4D OTHER PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 6 NAVREF IS THE MEMBERSHIP ASSOCIATION OF VA-AFFILIATED NONPROFIT RESEARCH AND EDUCATION CORPORATIONS ESTABLISHED IN ACCORDANCE WITH 38 USC 7361-7366. FORM 990, PAGE 6, PART VI, LINE 7A ALL MEMBERS HAVE THE RIGHT TO ELECT CLASS A BOARD MEMBERS DURING REGULARLY SCHEDULED ANNUAL ELECTIONS. WHEN A CLASS A POSITION BECOMES VACANT BETWEEN ELECTIONS, THE GOVERNING BOARD APPOINTS A REPLACEMENT TO COMPLETE THE YEAR FOR THE VACATED POSTION UNTIL THE NEXT ELECTION. CLASS B BOARD MEMBERS ARE APPOINTED BY THE GOVERNING BODY FOR RENEWABLE ONE-YEAR TERMS. FORM 990, PAGE 6, PART VI, LINE 7B NAVREF ENGAGES WITH THE VA AND OTHER FEDERAL AGENCIES ON ISSUES AND POLICY MATTERS OF IMPORTANCE TO THE NON-PROFIT CORPORATIONS AND VA RESEARCH. THESE OTHER AGENCIES INCLUDED THE NATIONAL INSTITUTES OF HEALTH, DEPARTMENT OF DEFENSE, OFFICE OF GOVERNMENT ETHICS, AND OFFICE OF MANAGEMENT AND BUDGET. ADDITIONALLY, NAVREF WORKS WITH NON-PROFIT ORGANIZATIONS, SCIENTIFIC PROFESSIONAL SOCIETIES AND PHARMACEUTICAL INDUSTRY PARTNERS ON MATTERS OF MUTUAL INTEREST. REPRESENTING AND LEADING VA-AFFILIATED NPCS REQUIRES SIGNIFICANT COOPERATION AND COLLABORATION WITH U.S. DEPARTMENT OF VETERANS' AFFAIRS AT THE LOCAL MEDICAL CENTER LEVEL AND THE CENTRAL OFFICE LEVEL. NAVREF FACILITATES EXCHANGES BETWEEN VA AND ITS' MEMBERS BY IDENTIFYING ISSUES/CONCERNS AND PROPOSING SOLUTIONS THROUGH ENGAGEMENT WITH NUMEROUS VA OFFICES: OFFICE OF RESEARCH & DEVELOPMENT, NON-PROFIT PROGRAM OFFICE, TECHNOLOGY TRANSFER PROGRAM, OFFICE OF GENERAL COUNSEL, OFFICE OF NATIONAL ASSOCIATION OF VETERANS' ACADEMIC AFFILIATION. NAVREF REGULARLY ATTENDS MEETINGS OF THE NATIONAL RESEARCH ADVISORY COUNCIL & NONPROFIT OVERSIGHT BOARD, AMONG OTHER FORUMS, TO FOSTER RELATIONSHIPS WITH VA RESEARCH LEADERS AND MAINTAIN AWARENESS OF EMERGING ISSUES AND PROGRAMS. FORM 990, PAGE 6, PART VI, LINE 11B NAVREF'S IRS FORM 990 IS PREPARED AND REVIEWED IN A MULTI-STEP PROCESS. THE ORGANIZATION'S OUTSIDE PREPARER PRESENTS THE FORM TO THE CEO AND THE FINANCE & AUDIT COMMITTEE AND ANSWERS ALL QUESTIONS. AFTER THE REVIEW AND DISCUSSION, THE PREPARER UPDATES THE DRAFT AND PRESENTS TO THE BOARD FINANCE COMMITTEE & BOARD CHAIR. AFTER THE REVIEW AND DISCUSSION, THE PREPARER FINALIZES THE FORM AND SENDS IT TO THE NAVREF CEO. THE CEO REVIEWS THE FORM AGAIN AND SIGNS IT. THE CEO THEN SENDS THE ELECTRONIC COPY TO EACH BOARD MEMBER BEFORE RETURNING IT TO THE PREPARER FOR FILING WITH THE IRS. FORM 990, PAGE 6, PART VI, LINE 12C ANNUALLY DURING THE FALL BOARD MEETING, BOARD MEMBERS AND THE EXECUTIVE DIRECTOR REVIEW THE CONFLICT-OF-INTEREST POLICY AND COMPLETE THEIR DISCLOSURE FORMS. THE DISCLOSURE FORMS ARE EVALUATED BY THE CEO AND/OR CHAIR. IN ADDITION, ON EVERY QUARTERLY BOARD AGENDA THE FOLLOWING STATEMENT IS PRINTED, "PRIOR TO THE START OF THE MEETING OR AT ANY TIME DURING THE MEETING, PLEASE DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST PERTINENT TO SERVICE ON THE NAVREF BOARD THAT WERE NOT REPORTED ON YOUR MOST RECENT CONFLICT OF INTEREST DISCLOSURE FORM." IF A CONFLICT IS IDENTIFIED, THE BOARD WILL RECUSE THE MEMBER FROM ANY APPLICABLE MATTER. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION REVIEW & APPROVAL PROCESS FOR CEO, EXEC. DIR., OR TOP MANAGEMENT - NAVREF'S PROCESS FOR DETERMINING COMPENSATION FOR THE CEO BEGINS WITH THE ANNUAL PERFORMANCE EVALUATION. THE BOARD CHAIR EVALUATES THE CEOS PERFORMANCE EVERY YEAR. AT A REGULAR INTERVAL (AT LEAST EVERY THREE YEARS), THIS SHOULD INCLUDE THE APPROPRIATE RANGE FOR THE CEOS COMPENSATION. THE BOARD CHAIR MAY ENGAGE NAVREFS COMPENSATION CONSULTANT AND OTHER BOARD MEMBERS ON THIS, TAKING INTO CONSIDERATION THE CEO'S JOB DESCRIPTION AND PERFORMANCE EVALUATION, NAVREF'S PAY PHILOSOPHY, THE NATIONAL INCREASE IN THE COST OF LIVING AND AVERAGE COST OF LIVING INCREASES PROVIDED IN THE WASHINGTON, DC AREA AS WELL AS COMPARABLE CITIES NATIONWIDE. THE CHAIR PROVIDES THE DRAFT EVALUATION AND THE RESULTS OF THE CONSULTANT'S WORK TO THE FULL BOARD ALONG WITH A RECOMMENDATION FOR THE CEO'S COMPENSATION. AFTER EXCUSING THE CEO AND BOARD MEMBERS WHO MAY HAVE A CONFLICT OF INTEREST (IF ANY), THE REMAINING BOARD MEMBERS REVIEW AND DISCUSS THESE MATERIALS, INCLUDING THE COMPARABILITY DATA, AND THEN APPROVE THE CEO'S COMPENSATION. THE BOARD'S DELIBERATIONS AND DECISION ARE RECORDED IN THE MEETING MINUTES. IN PREPARATION FOR THE FY2025 REVIEW, THE BOARD ENGAGED AN OUTSIDE CONSULTANT AND USED THE CONSULTANT'S INPUT TO ESTABLISH THE CEO'S COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 AVAILABLE ON SITE UPON REQUEST.