National Association Of Educational Procurement Inc
- Assets
- $1.3m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Columbia, MD
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 11-3161518
Organization Overview
National Association Of Educational Procurement Inc is located in Columbia, MD. The organization was established in 1994. According to its NTEE Classification (S19) the organization is classified as: Support N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Association Of Educational Procurement Inc employed 9 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Educational Procurement Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, National Association Of Educational Procurement Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAEP IS A PROFESSIONAL ASSOCIATION SERVING COLLEGES AND UNIVERSITIES NATIONWIDE. SEE SCH O
Describe the Organization's Program Activity:
CONFERENCES, MEETINGS, EDUCATION AND DEVELOPMENT: PROCUREMENT IS CONSISTENTLY GROWING AND CHANGING. TO MEET THESE CHALLENGES, PROCUREMENT PROFESSIONALS MUST CONTINUOUSLY BUILD KNOWLEDGE, SKILLS AND ABILITIES THROUGH EXPERTISE SHARING, FORMAL AND INFORMAL TRAINING AND ONGOING COACHING. NAEP OFFERS ROBUST RESOURCES, HIGH QUALITY PROFESSIONAL DEVELOPMENT AND SPECIAL EVENTS SPECIFICALLY DESIGNED FOR PROFESSIONALS WITHIN HIGHER EDUCATION.THE NAEP ANNUAL MEETING PROVIDES ACCESS IN-PERSON TO A NETWORK OF OTHER HIGHER EDUCATION PROCUREMENT PROFESSIONALS FROM AROUND THE COUNTRY TO SHARE BEST PRACTICES AND SUCCESS STORIES.
MEMBERSHIP AND PUBLICATIONS: MEMBERSHIP IN NAEP IS A COMMITMENT TO DEVELOPING A WORLD-CLASS PROCUREMENT DEPARTMENT. NAEP PROVIDES MEMBERSHIP TO NEARLY 1,000 INSTITUTIONS WITH 5,000+ INDIVIDUAL USERS. MEMBERSHIP PROVIDES A FORUM WHERE CAMPUS PURCHASING PROFESSIONALS MIGHT SHARE VALUABLE INFORMATION.NAEP'S PUBLICATIONS ALLOW MEMBERS TO STAY UP-TO-DATE ON INDUSTRY NEWS AND TRENDS. THE EDUCATIONAL PROCUREMENT JOURNAL IS OUR QUARTERLY MAGAZINE THAT HIGHLIGHTS ISSUES RELEVANT TO THE PROCUREMENT PROFESSION. IN ADDITION TO BEING A PRINTED PUBLICATION, THE EDUCATIONAL PROCUREMENT JOURNAL IS ALSO AVAILABLE IN AN INTERACTIVE ONLINE FORMAT FOR EASE AND CONVENIENCE. NAEP PULSE IS AN ONLINE NEWSLETTER PUBLISHED MONTHLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Krista Sferrell Executive Director | Officer | 40 | $160,000 |
Travis Ball Chair | OfficerTrustee | 5 | $0 |
Kevin Carr Vice Chair | OfficerTrustee | 5 | $0 |
Kelly Loll Director | OfficerTrustee | 5 | $0 |
Aaron Carter Treasurer | OfficerTrustee | 5 | $0 |
Vince Patriarco District I Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $142,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $142,204 |
| Total Program Service Revenue | $956,778 |
| Investment income | $21,656 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $141,092 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,317,675 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $166,177 |
| Compensation of current officers, directors, key employees. | $31,988 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,226 |
| Pension plan accruals and contributions | $1,561 |
| Other employee benefits | $26,706 |
| Payroll taxes | $25,060 |
| Fees for services: Management | $678,013 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,332 |
| Fees for services: Other | $130,211 |
| Advertising and promotion | $0 |
| Office expenses | $73,425 |
| Information technology | $224,895 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $18,658 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,662 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $781 |
| Insurance | $7,042 |
| All other expenses | $3,332 |
| Total functional expenses | $1,650,081 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $431,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $19,892 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $839,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,861 |
| Total assets | $1,316,674 |
| Accounts payable and accrued expenses | $34,726 |
| Grants payable | $0 |
| Deferred revenue | $483,833 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $159,872 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $124,081 |
| Other liabilities | $0 |
| Total liabilities | $802,512 |
| Net assets without donor restrictions | $514,162 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,316,674 |
Endowment Analysis
| Beg. Balance | $51,682 |
| Earnings | $38,955 |
| Net Contributions | $7,721 |
| Other Expense | $7,000 |
| Ending Balance | $91,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Shepherd University Foundation Supporting Organization Shepherdstown, WV | $18,727,712 | $1,761,060 |
Chpa Educational Foundation Washington, DC | $1,525,547 | $2,088,774 |
National Association Of Educational Procurement Inc Columbia, MD | $1,316,674 | $1,317,675 |
Nonprofit Development Corporation Inc Butler, PA | $3,393,535 | $1,924,841 |
Hampton-Newport News Community Services Board Property Company Hampton, VA | $20,313,869 | $1,743,517 |
Self Storage Association Foundation Alexandria, VA | $6,163,793 | $2,330,620 |
American Bankers Association Community Engagement Foundation Washington, DC | $9,931,719 | $1,656,077 |
Nonprofit Village Center Inc Rockville, MD | $400,485 | $644,836 |
Sb Works Washington, DC | $367,219 | $574,807 |
Emerging Enterprise Center Inc Wilmington, DE | $582,021 | $487,502 |
Toolbank Usa Inc Richmond, VA | $421,989 | $439,803 |
Community Association Institute Research Foundation Falls Church, VA | $538,984 | $383,243 |