| COVID-19 IMPACT |
IN EARLY 2020, AN OUTBREAK OF THE NOVEL STRAIN OF CORONAVIRUS ("COVID-19") EMERGED ON A GLOBAL SCALE. IN FISCAL 2020, OFFICES WERE CLOSED, EVENTS AND COMMUNITY PROGRAMS WERE MOVED TO A REMOTE STATUS. THE PANDEMIC CONTINUES TO PRESENT OPERATING CHALLENGES, BUT THE SOCIETY REMAINS FOCUSED ON DELIVERING ITS CORE MISSION. WHILE OFFICES REMAIN CLOSED ACROSS THE COUNTRY, THE SOCIETY BEGAN TO HOLD SOME IN PERSON EVENTS AGAIN IN MAY 2021, WHEN STRICT SAFETY PROTOCOLS COULD BE FOLLOWED. EVENT PARTICIPATION AND DONOR-BASED REVENUES HAVE STABILIZED BUT HAVE NOT RETURNED TO PRE-PANDEMIC LEVELS. AS A RESULT, CASH AND OPERATING EXPENSES CONTINUE TO BE MONITORED CLOSELY. THE SOCIETY BECAME ELIGIBLE AND WAS GRANTED A LOAN IN THE AMOUNT OF $10,000,000, PURSUANT TO THE PAYCHECK PROTECTION PROGRAM (PPP). THE SOCIETY BELIEVES THAT IT HAS USED THE ENTIRE PPP LOAN AMOUNT FOR QUALIFYING EXPENSES UNDER THE TERMS OF THE PPP LOAN. THE SOCIETY IS AWAITING A DECISION ON LOAN FORGIVENESS. |
| FORM 990, PART VI, SECTION A, LINE 6 |
CLASSES OF MEMBERS OR STOCKHOLDERS THE MEMBERS OF THE SOCIETY ARE COMPRISED OF THE MEMBERS OF THE 31 MARKETS WHO ARE NON-VOTING MEMBERS, AND THOSE MARKETS CHOOSE VOTING MEMBERS WHO COMPRISE THE DELEGATE ASSEMBLY. |
| FORM 990, PART VI, SECTION A, LINE 7A |
ELECTION OF MEMBERS AND THEIR RIGHTS ALL MEMBERS OF THE BOARD OF DIRECTORS ARE ELECTED BY THE DELEGATE ASSEMBLY WHICH IS COMPRISED OF VOTING MEMBERS OF THE ORGANIZATION. EACH MARKET IS ALLOCATED A NUMBER OF VOTING MEMBERS BASED ON A FORMULA. VOTING MEMBERS ARE THE VOLUNTEER LEADERS OF THE MARKET AND THE NATIONAL BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B |
DECISIONS SUBJECT TO APPROVAL OF MEMBERS THE DELEGATE ASSEMBLY ELECTS THE GOVERNING BODY, APPROVES ANY BY-LAW CHANGES AND APPROVES THE SOCIETY'S STRATEGIC PLAN. |
| FORM 990, PART VI, SECTION B, LINE 11B |
ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FORM 990 AND ACCOMPANYING SCHEDULES ARE PREPARED BY AN EXTERNAL INDEPENDENT ACCOUNTING FIRM IN CONJUNCTION WITH MANAGEMENT. IT IS THEN PROVIDED TO THE AUDIT COMMITTEE MEMBERS FOR REVIEW, COMMENTS, CORRECTIONS, AND EDITS. THE REVIEW COMMENTS OF THE AUDIT COMMITTEE ARE INCORPORATED INTO THE FORM 990 BY THE COO. A MEETING OF THE AUDIT COMMITTEE IS HELD TO APPROVE THE REVISED FORM 990, AND TO APPROVE DISTRIBUTION TO THE ENTIRE SOCIETY BOARD OF DIRECTORS. THE SOCIETY BOARD OF DIRECTORS IS GIVEN A PERIOD OF TIME TO REVIEW AND COMMENT ON THE FORM 990 BEFORE THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C |
ENFORCEMENT OF CONFLICTS POLICY ALL STAFF AND MEMBERS OF THE NATIONAL BOARD OF DIRECTORS AND VOLUNTEERS SERVING ON KEY COMMITTEES MUST REVIEW THE CONFLICT OF INTEREST POLICY & MAKE ANY APPROPRIATE DISCLOSURES. IF AN INDIVIDUAL DISCLOSES AN ACTUAL OR POTENTIAL CONFLICT, THE LEGAL TEAM REVIEWS THE DISCLOSURE AND DRAFTS A CONFLICT RESOLUTION REPORT TO ADDRESS THE ACTUAL OR POTENTIAL CONFLICT. THE RESOLUTION REPORT IS PRESENTED TO THE AUDIT COMMITTEE AND THE AUDIT COMMITTEE EDITS AND ULTIMATELY APPROVES A RESOLUTION REPORT FOR EACH OF THE DISCLOSED CONFLICTS. THE RESOLUTION REPORT ENSURES THAT THE INDIVIDUAL DOES NOT PARTICIPATE IN ANY DISCUSSIONS OR VOTES RELATED TO THE CONFLICT. THE INDIVIDUAL WHO DISCLOSED THE CONFLICT IS PROVIDED A COPY OF THE RESOLUTION REPORT AND COMPLIES WITH IT. |
| FORM 990, PART VI, SECTION B, LINE 15A |
COMPENSATION PROCESS THE COMPENSATION COMMITTEE IS COMPRISED OF AT LEAST THREE (3) INDEPENDENT BOARD MEMBERS THAT DETERMINE THE COMPENSATION OF THE PRESIDENT AND CEO. THE COMMITTEE IS PROVIDED WITH COMPARABLE SALARY INFORMATION AND DATA FOR ALL POSITIONS AT OTHER VOLUNTARY HEALTHCARE AGENCIES OF SIMILAR SIZE AND NATIONAL INFLUENCE. THE PRESIDENT AND CEO'S PERFORMANCE IS EVALUATED ON AN ANNUAL BASIS BY THE MEMBERS OF THE COMPENSATION COMMITTEE. THE PRESIDENT AND CEO COMPENSATION IS REVIEWED WITH THE BOARD DURING EXECUTIVE SESSION. THE PRESIDENT AND CEO OR HER DESIGNEE CONDUCTS PERFORMANCE EVALUATIONS FOR OFFICERS AND OTHER KEY EMPLOYEES. THE OUTCOME OF THESE EVALUATIONS IS SHARED WITH THE COMPENSATION COMMITTEE TO PROVIDE INFORMATION ON THEIR DECISIONS ABOUT COMPENSATION AND IS REVIEWED WITH THE BOARD DURING EXECUTIVE SESSION. FORM 990, PART VI, LINE 17 & SCHEDULE G, PART I, LINE 3 THE SOCIETY IS REGISTERED OR LICENSED TO SOLICIT IN THE FOLLOWING STATES AND JURISDICTIONS: AL, AK, AR, CA, CO, CT, D.C., FL, GA, HI, IL, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, TN, UT, VA, WA, WV, WI. THE SOCIETY ALSO SOLICITS IN THE FOLLOWING STATES, BUT THE STATE DOES NOT REQUIRE REGISTRATION OR A LICENSE: AZ, DE, ID, IN, IA, MT, NE, SD, TX, VT, WY. |
| FORM 990, PART VI, SECTION C, LINE 19 |
GOVERNING DOCUMENTS DISCLOSURE EXPLANATION THE SOCIETY'S IRS FORM 990, IRS FORM 990-T AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE AT WWW.NATIONALMSSOCIETY.ORG, AND ON THE CHARITY NAVIGATOR WEBSITE. THE SOCIETY'S GOVERNING DOCUMENTS, RECORD RETENTION AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: |
CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN TRUST 990,817. CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 212,441. REPAYMENT OF RESTRICTED CONTRIBUTIONS -778,105. |
Attach to Form 990 or 990-EZ.