2024-05-09T13:59:39-05:00 2023-12-31 521259972 LANIGAN RYAN PC 9841 WASHINGTONIAN BLVD SUITE 300 GAITHERSBURG MD 20878 990 2023-01-01 132657769 NATIONAL ASSOCIATION OF SURETY BOND PRODUCERS INC NATI 2402001270 7735 OLD GEORGETOWN ROAD 900 BETHESDA MD 20814 MARK MCCALLUM CHIEF EXECUTIVE OFFICER 2402001270 2024-05-09 1 MARK MCCALLUM XXX-XX-XXXX 1 JASON MILLS CPA P01373294 3012588900 2024-05-09 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z MARK MCCALLUM 7735 OLD GEORGETOWN ROAD 900 BETHESDA MD 20814 4941372 0 X HTTP://WWW.NASBP.ORG X 1942 DC TO STRENGTHEN PROFESSIONALISM, EXPERTISE, AND INNOVATION IN SURETY AND TO ADVOCATE ITS USE WORLDWIDE. 28 28 10 0 154157 92057 0 0 3695725 4242859 144038 230059 161797 153514 4001560 4626432 0 0 0 0 2069575 2145107 0 0 0 1942741 2391912 4012316 4537019 -10756 89413 8258128 8817902 2257808 2134155 6000320 6683747 X TO STRENGTHEN PROFESSIONALISM, EXPERTISE, AND INNOVATION IN SURETY AND TO ADVOCATE ITS USE WORLDWIDE. 0 0 THE ASSOCIATION CONDUCTS MEETINGS DURING THE YEAR FOR STAFF, MEMBERS, AFFILIATES, AND ASSOCIATES FEATURING SPEAKERS ON MATTERS OF INTEREST TO THE SURETY INDUSTRY, INCLUDING THE ANNUAL CONVENTION AND FALL MEETINGS. THE ASSOCIATION HAD TWO FALL MEETINGS (EAST AND WEST) IN 2023 WITH APPROXIMATELY 655 SURETY PROFESSIONALS IN ATTENDANCE. THE ANNUAL MEETING, WHICH IS HELD IN THE SPRING OF EACH YEAR, HAD 924 ATTENDEES IN 2023. B. THE ASSOCIATION ALSO PROVIDES EDUCATIONAL PROGRAMS, INCLUDING WORKSHOPS AND SCHOOLS, WITH VARIOUS LEVELS OF CURRICULUM BASED ON THE EXPERIENCE OF THE STUDENT. SOME OF THE CURRICULUM QUALIFIES FOR CONTINUING INSURANCE EDUCATION. IN 2023, THERE WERE THREE LEVEL I SCHOOLS, FOUR LEVEL II SCHOOLS, ONE COMMERCIAL SURETY SCHOOL LEVEL 1, AND ONE COMMERCIAL SURETY SCHOOL LEVEL 2. THERE WERE 290 PROFESSIONALS IN ATTENDANCE AT THESE EDUCATIONAL PROGRAMS. THE ASSOCIATION ALSO PRESENTED 21 LIVE VIRTUAL SEMINARS WITH OVER 9,800 REGISTRANTS. THESE EVENTS, ALONG WITH CLOSE TO 300 RECORDED SESSIONS, ARE AVAILABLE ON THE ASSOCIATION'S SURETYLEARN PLATFORM. MORE THAN 150 PEOPLE HAVE PARTICIPATED IN NASBP'S ONLINE AND ON-DEMAND CONTRACTOR BONDING EDUCATION AND MENTORING PROGRAM WHICH GUIDES PARTICIPANTS STEP-BY-STEP THROUGH THE BONDING QUALIFICATION PROCESS. AS PART OF THIS PROGRAM, 50 NASBP MEMBERS HAVE VOLUNTEERED TO BE MENTORS. C. IN MARCH 2020, THE ASSOCIATION LAUNCHED A PODCAST, LET'S GET SURETY - LET ME HEAR YOUR BONDING TALK FEATURING INDUSTRY LEADERS AND EXPERTS PROVIDING AN INSIDER LOOK AT THE SURETY INDUSTRY. SINCE ITS INCEPTION, THERE HAVE BEEN ALMOST 42,000 DOWNLOADS OF MORE THAN 100 EPISODES. THE ASSOCIATION HOSTS A WEBSITE WHICH FEATURES A BLOG PROVIDING TIMELY INFORMATION ON ISSUES OF IMPORTANCE TO THE SURETY INDUSTRY. THE ASSOCIATION DISTRIBUTES VARIOUS COMMUNICATIONS TO ITS MEMBERS, AFFILIATES, AND ASSOCIATES. AMONG THE COMMUNICATIONS IS OUR NEWSLETTER, PIPELINE, DISTRIBUTED ELECTRONICALLY EVERY OTHER MONTH, WHICH FEATURES NEWS AND DEVELOPMENTS THAT AFFECT THE INDUSTRY. ALSO, FOCAL POINT IS AN ELECTRONIC BULLETIN THAT FOCUSES ON FEDERAL AND STATE LEGISLATIVE AND REGULATORY AFFAIRS. THIS E-BULLETIN IS PRODUCED ONCE OR TWICE A MONTH DURING THE LEGISLATIVE SEASON. NASBP SMARTBRIEF IS A WEEKLY, ELECTRONIC NEWSLETTER THAT PROVIDES A BRIEF SYNOPSIS OF NEWS SOURCES' STORIES ABOUT THE PEOPLE, MARKETS, AND POLICIES IMPACTING THE SURETY PRODUCT AND SURETY INDUSTRY. TO RECEIVE NASBP SMARTBRIEF, A RECIPIENT MUST SIGN-UP. THE NASBP SURETY BOND QUARTERLY MAGAZINE, PUBLISHED FOUR TIMES A YEAR, OFFERS INSIGHTS AND INFORMATION FOR SURETY PROFESSIONALS AS WELL AS OTHERS WHO NEED TO STAY UP TO DATE ON THE INDUSTRY'S LATEST NEWS AND DEVELOPMENTS. THE MAGAZINE IS DISTRIBUTED FOR FREE DIGITALLY AND IN PRINT TO THE NASBP MEMBERSHIP AS WELL AS PROJECT OWNERS, PUBLIC OFFICIALS, SUBCONTRACTORS, CONTRACTING OFFICERS, AND OTHERS WHO ARE AFFECTED BY DEVELOPMENTS IN THE SURETY INDUSTRY. THE HIGHLIGHTS - YEAR IN REVIEW IS AN ANNUAL PUBLICATION PRODUCED AT THE END OF THE YEAR THAT SUMMARIZES THE YEAR'S IMPORTANT ACCOMPLISHMENTS. NASBP PROVIDES THE YEAR IN REVIEW IN HARDCOPY AND ON THE WEBSITE. AN ON-LINE MEMBERSHIP DIRECTORY LISTS MEMBERS AND IS ACCESSIBLE BY THE PUBLIC AND BY THOSE SEEKING TO FORM BUSINESS RELATIONSHIPS WITH SURETY PROFESSIONALS. IN ADDITION, THE ASSOCIATION CONDUCTS MYRIAD OUTREACH AND ADVOCACY ACTIVITIES TO INFLUENCE DECISION-MAKERS IN INDUSTRY AND GOVERNMENT, TO INCREASE THE AWARENESS AND USE OF SURETY BONDING IN THE PUBLIC AND PRIVATE SECTOR, AND TO IMPROVE COMMUNICATIONS WITH THE MEDIA. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 21 0 10 1 1 1 0 0 0 0 0 0 0 X 28 28 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ASSOCIATION 2402001270 7735 OLD GEORGETOWN ROAD SUITE 900 BETHESDA MD 20814 PATRICK T PRIBYL PRESIDENT 5.00 X X 0 0 0 ZACH MENDELSON 1ST VICE PRESIDENT 2.00 X X 0 0 0 ROBERT COON 2ND VICE PRESIDENT 2.00 X X 0 0 0 MONICA DONATELLI 3RD VICE PRESIDENT 2.00 X X 0 0 0 NICHOLAS NEWTON IMMEDIATE PAST PRESIDENT 2.00 X X 0 0 0 ALAN STARKS EX-OFFICIO 0.50 X 0 0 0 HEIDI RODZEN EX-OFFICIO 0.50 X 0 0 0 EMANUEL HATJYGEORGE EX-OFFICIO 0.50 X 0 0 0 BRADLEY S BABCOCK BOARD OF DIRECTORS 0.50 X 0 0 0 RUBEN JORDAN BLANES BOARD OF DIRECTORS 0.50 X 0 0 0 CORY A CLAUSS BOARD OF DIRECTORS 0.50 X 0 0 0 CHRISTOPHER COMO BOARD OF DIRECTORS 0.50 X 0 0 0 COURTNEY DECROES BOARD OF DIRECTORS 0.50 X 0 0 0 CORBAN ENNS BOARD OF DIRECTORS 0.50 X 0 0 0 JASE HAMILTON BOARD OF DIRECTORS 0.50 X 0 0 0 LOURDES LANDA BOARD OF DIRECTORS 0.50 X 0 0 0 JEFF LONGENECKER BOARD OF DIRECTORS 0.50 X 0 0 0 JOHN MARTINEZ BOARD OF DIRECTORS 0.50 X 0 0 0 TYLER MCINTYRE BOARD OF DIRECTORS 0.50 X 0 0 0 GREG NASH BOARD OF DIRECTORS 0.50 X 0 0 0 BRAEDEN NELSON BOARD OF DIRECTORS 0.50 X 0 0 0 CHRISTOPER O'HAGAN BOARD OF DIRECTORS 0.50 X 0 0 0 KYLE D RESER BOARD OF DIRECTORS 0.50 X 0 0 0 ANDREW TOKASZ BOARD OF DIRECTORS 0.50 X 0 0 0 DEDI BELIS BOARD OF DIRECTORS 0.50 X 0 0 0 JENNIFER L SALM BOARD OF DIRECTORS 0.50 X 0 0 0 KARA SKINNER BOARD OF DIRECTORS 0.50 X 0 0 0 JUSTIN TOMLIN BOARD OF DIRECTORS 0.50 X 0 0 0 MARK MCCALLUM CHIEF EXECUTIVE OFFICER 40.00 X 475185 0 78658 KATHY HOFFMAN DEPARTMENT DIRECTOR 40.00 X 170948 0 30008 MARTHA PERKINS GENERAL COUNSEL 14.50 X 120240 0 10800 LAWRENCE LECLAIR DEPARTMENT DIRECTOR 40.00 X 203984 0 20524 KATHERINE SHAMAPANDE DEPARTMENT DIRECTOR 40.00 X 153401 0 45464 STEVEN B KARLIN DEPARTMENT DIRECTOR 40.00 X 173803 0 17702 MARIA ROGINSKI DIRECTOR 40.00 X 145985 0 51876 1443546 0 255032 7 0 1 0 MT EVENT SERVICES LLC 328 PEPPERBUSH COURT CHAPIN SC 29039 MEETING AND EVENT PLANNING 152083 1 MEETING FEES 900001 1850147 1850147 MEMBERSHIP DUES 900001 1843247 1843247 SEMINAR REGISTRATION F 900001 548793 548793 CAREER CENTER 900001 672 672 4242859 229999 229999 315000 314940 60 60 60 ADVERTISING 900001 153485 153485 MISCELLANEOUS REVENUE 900001 29 29 153514 4626432 4242216 154157 230059 885839 960501 85483 107934 105350 13923 38045 154932 150 10932 187464 162149 139185 1240686 28992 49016 UBIT 27979 TELEPHONE & INTERNET 62581 CE FILING 57182 TAXES, LICENSES & FEES 49893 168803 4537019 428207 195087 650593 656270 83000 64714 207008 192830 351958 229102 121302 122856 5999933 6783331 768085 802814 8258128 8817902 200555 370885 1184629 1028358 872624 734912 2257808 2134155 X 6000320 6683747 6000320 6683747 8258128 8817902 89413 633922 -39908 0 X X 0 1 X 1 0 0 0 1 1843247 78896 78896 73730 5166 75922 44290 31632 276036 184812 91224 122856 SECURITY DEPOSITS 12314 RIGHT OF USE ASSETS 790500 802814 OPERATING LEASE LIABILITY 734912 734912 X 5220446 633922 633922 4586524 39908 39908 4626432 4537019 0 4537019 0 4537019 PART X, LINE 2: FOR FINANCIAL REPORTING PURPOSES, THE ASSOCIATION RECOGNIZES TAX POSITIONS CLAIMED OR EXPECTED TO BE CLAIMED BASED UPON WHETHER IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION. INTEREST, IF ANY, RELATED TO INCOME TAX LIABILITIES IS INCLUDED IN INTEREST EXPENSE. PENALTIES, IF ANY, RELATED TO INCOME TAX LIABILITIES ARE INCLUDED IN OPERATING EXPENSE. AS OF DECEMBER 31, 2023 AND 2022, THE ASSOCIATION HAD NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X 0 1 X X X X X 0 0 0 MARK MCCALLUM CHIEF EXECUTIVE OFFICER 475185 0 0 0 0 0 42700 0 35958 0 553843 0 0 0 LAWRENCE LECLAIR DEPARTMENT DIRECTOR 203984 0 0 0 0 0 18413 0 2111 0 224508 0 0 0 KATHY HOFFMAN DEPARTMENT DIRECTOR 170948 0 0 0 0 0 15775 0 14233 0 200956 0 0 0 KATHERINE SHAMAPANDE DEPARTMENT DIRECTOR 153401 0 0 0 0 0 14995 0 30469 0 198865 0 0 0 MARIA ROGINSKI DIRECTOR 145985 0 0 0 0 0 14443 0 37433 0 197861 0 0 0 STEVEN B KARLIN DEPARTMENT DIRECTOR 173803 0 0 0 0 0 15638 0 2064 0 191505 0 0 0 PART I, LINE 1B TRAVEL FOR COMPANIONS IS INCLUDED IN THE CHIEF EXECUTIVE OFFICER'S CONTRACT WITH THE ASSOCIATION. THE CONTRACT STATES THE ASSOCIATION WILL REIMBURSE OR PAY FOR REASONABLE BUSINESS EXPENSES, INCLUDING "REIMBURSEMENT FOR REASONABLE TRAVEL AND RELATED EXPENSES INCURRED BY THE EXECUTIVE'S SPOUSE TO ATTEND APPROVED ASSOCIATION EVENTS. THE ASSOCIATION WILL ISSUE AN IRS FORM 1099 TO THE EXECUTIVE FOR ANY SPOUSE RELATED TRAVEL THAT DOES NOT MEET THE IRS EXCEPTION FOR TAXABLE FRINGE BENEFITS." THE PRESIDENT OF THE BOARD OF DIRECTORS, CEO, AND THE SITE SELECTION COMMITTEE CHAIRMAN ARE ALLOWED TO BRING A COMPANION AND THE ASSOCIATION WILL PAY FOR THE COMPANION'S AIRFARE, HOTEL AND MEALS. FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS TWO CLASSES OF MEMBERS, VOTING AND NON-VOTING. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER FIRM AND EACH DUES PAYING DIVISION, BRANCH OFFICE, OR OTHER ENTITY OF A MEMBER FIRM MAY CAST ONE (1) VOTE FOR ANY ONE (1) CANDIDATE AND MAY NOT CAST MORE VOTES THAN THE NUMBER OF VACANCIES TO BE FILLED ON THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER FIRM AND EACH DUES PAYING DIVISION, BRANCH OFFICE, OR OTHER ENTITY OF A MEMBER FIRM SHALL BE ENTITLED TO ONE (1) VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERSHIP. MATTERS INCLUDE ELECTING OFFICERS AND DIRECTORS AS WELL AS BYLAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE ASSOCIATION PROVIDED A COMPLETE COPY OF THE FORM 990 TO ALL MEMBERS OF THE GOVERNING BODY BEFORE FILING THE 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C YEARLY DISCLOSURE STATEMENTS PROVIDED AT THE TIME OF NASBP'S MIDYEAR BOARD MEETING. FORMS FOR 2023 WERE SIGNED AND RECEIVED. COMPLIANCE WITH THIS POLICY IS MONITORED BY THE CEO OF THE ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS AND APPROVES THE CEO'S ANNUAL SALARY USING COMPENSATION DATA FROM PREVIOUS YEARS AND SALARY SURVEYS FROM OTHER NATIONAL TRADE ASSOCIATIONS. THE EMPLOYEES' SALARIES ARE REVIEWED AND SET ANNUALLY BY THE CEO, WHO PROVIDED INFORMATION TO THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. PART XII, LINE 2C THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT WITH APPROVAL FROM THE EXECUTIVE COMMITTEE.