2024-11-15T05:49:15-06:00 2023-12-31 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2023-01-01 363016503 NATIONAL ASSOCIATION OF BOND LAWYERS NATI 2025033300 1775 PENNSYLVANIA AVE NW SUITE 95 WASHINGTON DC 20006 LINDA H WYMAN COO 2025033300 2024-11-14 1 1 ZACHARY SEGAL P01511850 3016529100 2024-11-10 2023 2024-10-15 13:58:12Z LINDA H WYMAN 1775 PENNSYLVANIA AVE NW SUITE 950 WASHINGTON DC 20006 2375372 0 X WWW.NABL.ORG X 1979 IL EDUCATING MEMBERS AND OTHERS IN THE LAW RELATING TO STATE AND MUNICIPAL OBLIGATIONS. 10 10 7 250 0 0 0 0 2224217 2090091 227841 112986 178691 169487 2630749 2372564 0 0 0 0 1144977 1212443 0 0 0 2016856 1816949 3161833 3029392 -531084 -656828 4435526 4358441 811920 1224972 3623606 3133469 NATIONAL ASSOCIATION OF BOND LAWYERS (NABL) EXISTS TO PROMOTE THE INTEGRITY OF THE MUNICIPAL MARKET BY ADVANCING THE UNDERSTANDING OF AND COMPLIANCE WITH THE LAW AFFECTING PUBLIC FINANCE. 0 0 SEMINARS TO PROVIDE CONTINUING LEGAL EDUCATION AND FACILITATE DISCUSSION AMONG MEMBERS. MONTHLY NEWSLETTER, AVAILABLE TO MEMBERS, COMMUNICATES CURRENT DEVELOPMENTS IN THE INDUSTRY, AS WELL AS DEVELOPMENTS AND PROGRAMS WITHIN THE ASSOCIATION; WEEKLY ELECTRONIC UPDATES ON GOVERNMENT ACTIONS AFFECTING THE MUNICIPAL BOND INDUSTRY; QUARTERLY JOURNAL PROVIDING IN-DEPTH ARTICLES PERTAINING TO THE INDUSTRY. WHITE PAPERS, COMMENT LETTERS AND PUBLICATIONS SERVE AS EDUCATIONAL AND RESEARCH MATERIALS FOR MEMBERS, INDUSTRY PROFESSIONALS AND LEGISLATIVE AND REGULATORY OFFICIALS. SUCH MATERIALS ARE PREPARED AND DISTRIBUTED THROUGHOUT THE YEAR. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 16 0 1 7 1 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 X LINDA WYMAN 2025033300 1775 PENNSYLVANIA AVE NW SUITE 950 WASHINGTON DC 20006 ANN FILLINGHAM PRESIDENT, (UNTIL 10/18/2023) 1.00 0.10 X X 0 0 0 CAROL MCCOOG CHAIR 1.00 0.10 X X 0 0 0 DEANNA GREGORY BOARD MEMBER, (10/18/2023) 1.00 X 0 0 0 DEE P WISOR BOARD MEMBER 1.00 X 0 0 0 ELIZABETH WALKER BOARD MEMBER 1.00 X 0 0 0 JASON AKERS PRESIDENT-ELECT 1.00 X X 0 0 0 JEFF QUALKINBUSH BOARD MEMBER 1.00 X 0 0 0 JOHN HUTCHINSON BOARD MEMBER 1.00 X 0 0 0 JOLINDA HERRING BOARD MEMBER, (UNTIL 10/18/2023) 1.00 X 0 0 0 JOSEPH SMITH BOARD MEMBER 1.00 0.10 X 0 0 0 KAREEM J SPRATLING BOARD MEMBER 1.00 X 0 0 0 MARYBETH ORSINI BOARD MEMBER 1.00 X 0 0 0 MATTHIAS EDRICH TREASURER 1.00 X X 0 0 0 LINDA WYMAN CHIEF OPERATING OFFICER 40.00 0.10 X 288702 0 43198 BRIAN EGAN DIRECTOR OF GOVERNMENTAL A 40.00 X 192083 0 13950 SABRINA KIDWAI MEMBERSHIP AND CLE DIRECTO 40.00 X 141417 0 15358 622202 0 72506 3 0 1 0 LSAV POWERHOUSE 6628 VIRGINIA MANOR RD BELTSVILLE MD 20705 AUDIOVISUAL SERVICES 308585 HAWKINS DELAFIELD & WOOD LLP 601 13TH ST NW WASHINGTON DC 20005 LEGAL SERVICES 143807 2 MEMBERSHIP DUES 900099 1182615 1182615 REGISTRATION 900099 750947 750947 EXHIBITOR/SPONSORSHIP 900099 156529 156529 2090091 112986 112986 150496 150496 21799 2808 18991 18991 2372564 2090091 0 282473 331901 687143 48837 75696 68866 11 88462 70158 70456 79781 133224 104553 7200 867025 72210 18658 BOARD EXPENSE 152934 COMMITTEE EXPENSES 67889 84388 3029392 263710 283313 93078 32818 2092 2092 90010 114627 1374782 1167827 208161 206955 3634925 3114603 380969 143550 223064 4435526 4358441 252490 306150 559430 535006 0 383816 811920 1224972 X 3623606 3133469 3623606 3133469 4435526 4358441 -656828 166691 0 X 0 1 X 1 0 0 0 0 1182615 1130 1130 1130 172474 172474 0 1202308 995353 206955 206955 DEPOSIT 223064 223064 OPERATING LEASE LIABILITY 383816 383816 X 2542840 166691 3585 170276 2372564 0 2372564 3032396 3004 3004 3029392 0 3029392 PART X, LINE 2: NABL AND THE FUND ARE EXEMPT FROM INCOME TAXES UNDER THE PROVISIONS OF SECTIONS 501(C)(6) AND 501(C)(3), RESPECTIVELY, OF THE INTERNAL REVENUE CODE ("IRC") AND APPLICABLE STATE LAW. THE ASSOCIATION FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE CONSOLIDATED FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. EXAMPLES OF TAX POSITIONS INCLUDE THE TAX-EXEMPT STATUS OF THE ASSOCIATION AND VARIOUS POSITIONS RELATED TO THE POTENTIAL SOURCES OF UNRELATED BUSINESS TAXABLE INCOME ("UBTI"). IF APPLICABLE, ANY TAX BENEFITS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. AT DECEMBER 31, 2023 AND 2022, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. NABL, HOWEVER, MAY GENERATE REVENUE FROM ADVERTISING, WHICH IS CONSIDERED UNRELATED TO ITS EXEMPT PURPOSE. THESE REVENUES LESS COSTS ARE SUBJECT TO INCOME TAXES. MANAGEMENT ESTIMATES THAT THERE ARE NO SIGNIFICANT INCOME TAX EFFECTS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. FROM TIME TO TIME, NABL RECOGNIZES TAXES ON MEMBERSHIP DUES REVENUE TO THE EXTENT OF ITS LOBBYING ACTIVITIES. FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, NABL HAS RECOGNIZED PROXY TAX EXPENSE OF $237 AND $216, RESPECTIVELY, WHICH IS INCLUDED AS A COMPONENT OF GENERAL AND ADMINISTRATIVE ON THE ACCOMPANYING CONSOLIDATED STATEMENTS OF ACTIVITIES. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, PROXY TAX OF $216 AND $371, RESPECTIVELY, WAS PAID AND AS OF THE YEARS ENDED DECEMBER 31, 2023 AND 2022, $237 AND $216, RESPECTIVELY, OF PROXY TAX EXPENSE REMAINS PAYABLE AND IS INCLUDED AS A COMPONENT OF ACCRUED EXPENSES AND OTHER LIABILITIES ON THE ACCOMPANYING CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. TAX RETURNS FILED BY THE ASSOCIATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE ("IRS") FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE IRS, TAX RETURNS FILED SINCE 2020 REMAIN OPEN FOR EXAMINATION. PART XI, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATE 3,585. PART XII, LINE 2D - OTHER ADJUSTMENTS: CONSOLIDATED AFFILIATE 3,004. X X X 0 0 0 LINDA WYMAN CHIEF OPERATING OFFICER 273702 0 15000 0 0 0 11033 0 32165 0 331900 0 0 0 BRIAN EGAN DIRECTOR OF GOVERNMENTAL A 180083 0 12000 0 0 0 7203 0 6747 0 206033 0 0 0 SABRINA KIDWAI MEMBERSHIP AND CLE DIRECTO 133417 0 8000 0 0 0 5337 0 10021 0 156775 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS OF THE ASSOCIATION ARE BOND LAWYERS. FORM 990, PART VI, SECTION A, LINE 7A THE ORGANIZATION HAS TWO CLASSES OF MEMBERS: REGULAR MEMBERS AND ASSOCIATE MEMBERS. REGULAR MEMBERS ARE VESTED WITH VOTING POWERS. ASSOCIATE MEMBERS HAVE NO VOTING POWERS. THE REGULAR MEMBERS ELECT THE BOARD OF DIRECTORS AS WELL AS EXECUTIVE OFFICERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF DIRECTORS IS EMPOWERED TO ALTER THE BY-LAWS BY A MAJORITY VOTE AT ANY MEETING OF THE BOARD OF DIRECTORS. THE REGULAR MEMBERS MUST BE NOTIFIED OF SUCH AN ALTERATION. ANY REGULAR MEMBER MAY REQUEST EITHER ORALLY OR IN WRITING THAT THE REGULAR MEMBERSHIP ACCEPT OR REJECT THE BOARD DECISION TO ALTER THE BY-LAWS (PRIOR TO THE ANNUAL MEETING WHICH FALLS IMMEDIATELY AFTER THE ABOVE MENTIONED ALTERATION). THE ALTERATION OF THE BY-LAWS IS THEN AFFIRMED OR REJECTED UPON VOTE OF THE REGULAR MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE COMMITTEE REVIEWED THE DRAFT AND A COMPLETE COPY WAS PROVIDED TO THE FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS OF NABL ARE REQUIRED TO SIGN A WRITTEN DOCUMENT THAT CONFIRMS THAT THEY DO NOT HAVE A CONFLICT OF INTEREST WITH THAT OF NABL. THIS DOCUMENT MUST BE COMPLETED ON AN ANNUAL BASIS. ON AGENDAS FOR EVERY BOARD MEETING AND EVERY BOARD COMMITTEE MEETING, THERE IS A REQUEST FOR DISCLOSURE OF CONFLICT OF INTERESTS. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF THE ORGANIZATION'S OFFICERS INCLUDED THE CHIEF OPERATING OFFICER AND THE DIRECTOR OF GOVERNMENTAL AFFAIRS. THE REVIEW AND APPROVAL PROCESS UTILIZED A COMBINATION OF INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. THE ROBERT H HILDERBRAND JR FUND 1775 PENNSYLVANIA AVE NW SUITE 950 WASHINGTON DC 20006 363209630 SUPPORT NABL DC 501(C)(3) LINE 12A, I NABL 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0