2024-05-15T10:29:20-05:00 2023-12-31 111986323 MARCUM LLP 1899 L STREET NW SUITE 850 WASHINGTON DC 20036 990 2023-01-01 521508111 NATIONAL APARTMENT ASSOCIATION EDUCATION INSTITUTE NATI 7035186141 4300 WILSON BOULEVARD 800 ARLINGTON VA 22203 LARISSA TEELUCKSINGH SVP, FINANCE 7035186141 2024-05-15 1 LARISSA TEELUCKSINGH XXX-XX-XXXX 0 AARON M FOX P01365820 2022274000 2024-05-15 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z ROBERT PINNEGAR 4300 WILSON BOULEVARD 800 ARLINGTON VA 22203 4333381 0 X WWW.NAAHQ.ORG/EDUCATION-CAREERS X 1986 VA PROVIDE BROAD-BASED EDUCATION, TRAINING & RECRUITMENT PROGRAMS IN THE APARTMENT INDUSTRY. 34 34 9 118 0 0 65639 25817 2265390 2214695 154864 175580 1231220 1345610 3717113 3761702 5400 2670 0 0 970477 1091244 0 0 0 2517278 2389815 3493155 3483729 223958 277973 6876626 7619337 940500 788006 5936126 6831331 X THE MISSION OF THE NAA EDUCATION INSTITUTE (NAAEI) IS TO PROVIDE BROAD-BASED EDUCATION, TRAINING AND RECRUITMENT PROGRAMS THAT ATTRACT, NURTURE, AND RETAIN HIGH-QUALITY PROFESSIONALS AND DEVELOP TOMORROW'S APARTMENT INDUSTRY LEADERS; AND TO CONDUCT RESEARCH THAT BENEFITS THE APARTMENT INDUSTRY AND ITS RESIDENTS. 0 0 3466892 2670 2214695 NAAEI'S MAIN ACTIVITY IS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL COURSES COVERING THE MULTI-FAMILY HOUSING INDUSTRY. PROGRAMS AND MATERIAL ARE AVAILABLE TO MULTI-FAMILY HOUSING PROFESSIONALS TO ADVANCE THEIR EDUCATION AND KNOWLEDGE IN THE INDUSTRY. 3466892 1 1 0 0 0 0 0 0 0 1 1 0 0 0 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 0 0 1 0 1 0 1 9 0 1 9 0 0 0 0 0 0 0 0 0 0 0 0 0 X 34 34 1 0 0 0 0 0 1 1 1 0 0 0 1 1 1 1 1 0 0 0 CA FL GA IL MD VA X LARISSA TEELUCKSINGH CPA 7035186141 4300 WILSON BOULEVARD 800 ARLINGTON VA 22203 KIM HURD NAAEI PRESIDENT 5.00 2.00 X X 0 0 0 KELLI LEA NAAEI VICE PRESIDENT 5.00 X X 0 0 0 ALAN KING NAAEI SECRETARY/TREASURER 5.00 5.00 X X 0 0 0 GREG CERBANA IMMEDIATE PAST PRESIDENT 5.00 2.00 X 0 0 0 PATRICK APPLEBY BOARD MEMBER 2.00 X 0 0 0 MARCIA BOLLINGER BOARD MEMBER 2.00 X 0 0 0 KENDRA BORK BOARD MEMBER 2.00 X 0 0 0 LEAH BREWER BOARD MEMBER 2.00 X 0 0 0 JD CAREY BOARD MEMBER 2.00 X 0 0 0 ROBERT CARR BOARD MEMBER 2.00 X 0 0 0 ROBERT CARROLL BOARD MEMBER 2.00 X 0 0 0 VALERY CARTER BOARD MEMBER 2.00 X 0 0 0 SLOANE CERBANA BOARD MEMBER 2.00 X 0 0 0 KIM COATES BOARD MEMBER 2.00 X 0 0 0 MARTHA DRYDEN BOARD MEMBER 2.00 X 0 0 0 SHAR ELLER BOARD MEMBER 2.00 X 0 0 0 PATTY EVANS BOARD MEMBER 2.00 X 0 0 0 TERRY FIELDS BOARD MEMBER 2.00 X 0 0 0 TANYA FOSTER BOARD MEMBER 2.00 X 0 0 0 MARCI FRENCH BOARD MEMBER 2.00 X 0 0 0 RACHAEL GORDON BOARD MEMBER 2.00 X 0 0 0 PATRICIA HUTCHINSON BOARD MEMBER 2.00 X 0 0 0 ANDREA MASSEY BOARD MEMBER 2.00 X 0 0 0 JACKIE RHONE BOARD MEMBER 2.00 2.00 X 0 0 0 JUSTIN ROTHROCK BOARD MEMBER 2.00 X 0 0 0 ARIANNA ROYSTER BOARD MEMBER 2.00 2.00 X 0 0 0 MOLLY RUPPRATH BOARD MEMBER 2.00 X 0 0 0 CHRIS SALAMANIS BOARD MEMBER 2.00 X 0 0 0 ADAM SKOLNIK BOARD MEMBER 2.00 X 0 0 0 RICK SNYDER BOARD MEMBER 2.00 5.00 X 0 0 0 JOHN SONS BOARD MEMBER 2.00 X 0 0 0 STEVE SORKIN BOARD MEMBER 2.00 2.00 X 0 0 0 JODI SPURRELL BOARD MEMBER 2.00 X 0 0 0 KATIE WRENN BOARD MEMBER 2.00 X 0 0 0 ROBERT PINNEGAR NAA PRESIDENT & CEO 12.50 37.50 X 0 694009 68950 AMY GROFF CPM NAA COO 5.00 37.50 X 0 373884 49266 LARISSA TEELUCKSINGH CPA NAA SVP, FINANCE 5.00 37.50 X 0 230399 25527 PAMELA WEBER NAAEI VICE PRESIDENT 37.50 X 203008 0 22492 TERRELINE SIMS DIRECTOR, WORKFORCE DEVELOPMENT 37.50 X 160217 0 8722 AMY ALLEN DIR., CREDENTIALING & ACCREDITATION 37.50 X 143910 0 20914 507135 1298292 195871 3 0 1 0 REINGOLD INC 1321 DUKE STREET ALEXANDRIA VA 22314 WEBSITE MAINT. & DIGITAL ADS 329052 COBALT 2550 SOUTH CLARK STREET SUITE 850 ARLINGTON VA 22202 CRM SOLUTIONS 326800 PROCTORU INC (DBA MEAZURE LEARNING) 7901 JONES BRANCH DRIVE SUITE 330 MCLEAN VA 22102 EXAM TESTING SERVICES 228363 3 25817 25817 EDUCATION PROGRAMS 900099 1633623 1633623 REGISTRATION FEES 900099 581072 581072 2214695 174922 174922 420503 419845 658 658 658 1491800 151834 1339966 1339966 MISCELLANEOUS 900099 5644 5644 5644 3761702 2214695 0 1521190 X 2670 2670 225500 225500 662310 662310 27889 27889 113701 113701 61844 61844 16837 16837 1303234 1303234 112655 112655 158093 158093 54913 54913 153016 153016 18117 18117 LICENSING FEES 333233 333233 EDUC. & CRED. DELIVERY 237018 237018 AWARDS & GIFTS 2498 2498 TAXES & OTHER 201 201 3483729 3466892 16837 0 339020 201312 23618 24602 186298 309887 76108 64633 19364 20439 962991 557955 119115 405036 6113103 6586353 0 7075 6876626 7619337 368865 358081 366428 326335 205207 103590 940500 788006 X 2522422 3747234 3413704 3084097 5936126 6831331 6876626 7619337 277973 617232 0 X 0 1 X 1 0 X X 1 NATIONAL APARTMENT ASSOCIATION 530191129 10 1 0 0 1 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 FORM 990, SCHEDULE A, PART IV, LINE 3B: NAAEI IS THE SUPPORTING ORGANIZATION FOR NAA, A 501(C)(6) ORGANIZATION. NAAEI PERFORMED THE 509(A)(2) TEST AND FOUND THAT NAA'S SUPPORT PERCENTAGE EXCEEDS THE 33% MINIMUM OR PUBLIC SUPPORT THAT WOULD BE REQUIRED IF NAA WERE DESCRIBED AS SUCH AN ENTITY. ACCORDINGLY, NAAEI IS ELIGIBLE TO SUPPORT NAA. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1357771 137264 1495035 1559032 -201261 1357771 1452098 110334 3400 1559032 1379493 75570 2965 1452098 1225239 157603 3349 1379493 0.00000 0.77049 0.22951 0 0 15818 5377 10441 947173 552578 394595 405036 DUE TO AFFILIATE 103590 103590 X 5378822 617232 864891 151834 1633957 3744865 16837 16837 3761702 4483617 864891 151834 1016725 3466892 16837 16837 3483729 PART V, LINE 4: NAAEI'S ENDOWMENT WAS ESTABLISHED FOR EDUCATING THE MEMBERS OF THE ORGANIZATION, THE RENTAL HOUSING INDUSTRY, AND THE PUBLIC. THE ENDOWMENT IS DONOR-RESTRICTED. PART X, LINE 2: THE ORGANIZATION PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 151,834. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 151,834. X 0 0 0 0 0 0 0 1 0 ROBERT PINNEGAR NAA PRESIDENT & CEO 0 561809 0 125000 0 7200 0 39000 0 29950 0 762959 0 0 AMY GROFF CPM NAA COO 0 325584 0 48300 0 0 0 16500 0 32766 0 423150 0 0 LARISSA TEELUCKSINGH CPA NAA SVP, FINANCE 0 206499 0 23900 0 0 0 10422 0 15105 0 255926 0 0 PAMELA WEBER NAAEI VICE PRESIDENT 184408 0 18600 0 0 0 8843 0 13649 0 225500 0 0 0 TERRELINE SIMS DIRECTOR, WORKFORCE DEVELOPMENT 150917 0 9300 0 0 0 7531 0 1191 0 168939 0 0 0 AMY ALLEN DIR., CREDENTIALING & ACCREDITATION 143910 0 0 0 0 0 7250 0 13664 0 164824 0 0 0 PART I, LINE 7 TERRELINE SIMS, DIRECTOR OF WORKFORCE DEVELOPMENT, AND PAMELA WEBER, NAAEI VICE PRESIDENT, RECEIVED DISCRETIONARY BONUSES OF $9,300 AND $18,600, RESPECTIVELY. FORM 990, PART VI, SECTION A, LINE 2 GREG CERBANA, IMMEDIATE PAST PRESIDENT OF THE BOARD, AND SLOANE CERBANA, BOARD MEMBER, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 7B DECISIONS MADE BY THE GOVERNING BODY ARE SUBJECT TO FINAL APPROVAL BY THE NATIONAL APARTMENT ASSOCIATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B NAAEI HIRES AN INDEPENDENT ACCOUNTING FIRM TO PREPARE THE FEDERAL FORM 990. UPON SUBMISSION, THE DRAFT FEDERAL FORM 990 IS REVIEWED BY THE NAA PRESIDENT & CEO AND THE NAAEI EXECUTIVE COMMITTEE PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C NAAEI HAS A CONFLICT-OF-INTEREST POLICY WHICH IS GIVEN AND SIGNED WHEN AN EMPLOYEE IS HIRED AND THEN ON AN ANNUAL BASIS THIS IS DISTRIBUTED TO ALL STAFF FOR THEIR SIGNATURES. CONFLICT OF INTEREST MAY OCCUR WHEN NAAEI ENTERS INTO TRANSACTIONS WITH EITHER NONPROFIT ORGANIZATIONS OR FOR-PROFIT ENTERPRISES. TO AVOID ACTUAL, POTENTIAL, OR EVEN THE APPEARANCE OF, CONFLICTS OF INTEREST, PERSONS SUBJECT TO THE POLICY SHOULD DISCLOSE ANY CONNECTION OR RELATIONSHIP WITH ORGANIZATIONS OR ENTERPRISES DOING BUSINESS WITH NAAEI AND REFRAIN FROM PARTICIPATING IN DECISIONS AFFECTING TRANSACTIONS BETWEEN NAAEI AND THE OTHER ORGANIZATION OR ENTERPRISE. THE MERE EXISTENCE OF A CONNECTION OR RELATIONSHIP SHALL NOT PREVENT A TRANSACTION FROM TAKING PLACE, HOWEVER, SO LONG AS: (I) THE RELATIONSHIP IS DISCLOSED; (II) DISINTERESTED INDIVIDUALS MAKE THE NECESSARY DECISIONS; AND (III) THE TERMS OF THE TRANSACTION ARE FAIR AND REASONABLY COMPARABLE TO THOSE AVAILABLE IN OTHER COMMERCIAL TRANSACTIONS WHERE THE PARTIES ARE ENTIRELY INDEPENDENT OF ONE ANOTHER. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT RECEIVES AN ANNUAL REVIEW SUBJECT TO APPROVAL BY THE PRESIDENT OF THE NATIONAL APARTMENT ASSOCIATION. THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS NOT SUBJECT TO AN INDEPENDENT REVIEW. THE PRESIDENT & CEO, CHIEF OPERATING OFFICER, AND THE SVP OF FINANCE ARE NOT COMPENSATED DIRECTLY FROM NAAEI. THEY ARE COMPENSATED FROM THE NATIONAL APARTMENT ASSOCIATION. FORM 990, PART VI, SECTION C, LINE 19 NAAEI MAKES ITS GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G LEARNING MANAGEMENT SYSTEMS: PROGRAM SERVICE EXPENSES 677,568. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 677,568. WEBSITE MAINTENANCE AND DIGITAL ADVERTISING: PROGRAM SERVICE EXPENSES 233,631. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 233,631. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 352,299. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 352,299. TEMPORARY SERVICES: PROGRAM SERVICE EXPENSES 39,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 39,736. FORM 990, PART V, LINE 2A NAAEI DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF NAA, A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(6). HOWEVER, THE TOTAL NUMBER OF EMPLOYEES FROM NAA THAT WERE SHARED WITH NAAEI WAS 9 AS OF DECEMBER 31, 2023. NATIONAL APARTMENT ASSOCIATION 4300 WILSON BOULEVARD SUITE 800 ARLINGTON VA 22203 530191129 TO SERVE THE INTERESTS OF THE MULTIFAMILY HOUSING INDUSTRY VA 501(C)(6) N/A N/A 0 NATIONAL APARTMENT ASSOCIATION PAC 4300 WILSON BOULEVARD SUITE 800 ARLINGTON VA 22203 900045653 TO FUND POLITICAL CAMPAIGNS VA 527 N/A NATIONAL APARTMENT ASSOCIATION 0 MULTI-FAMILY BOOK PROJECT LLC 4300 WILSON BOULEVARD SUITE 800 ARLINGTON VA 22203 464611290 BOOK PUBLISHERS VA N/A N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 NATIONAL APARTMENT ASSOCIATION P 526748 FMV