National Association Of Enrolled Agents
- Assets
- $2.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Washington, DC
- Founding
- 12/1972
- Data as of
- 06/2023
- EIN
- 23-7183380
Organization Overview
National Association Of Enrolled Agents is located in Washington, DC. The organization was established in 1972. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2023, National Association Of Enrolled Agents employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Enrolled Agents is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 06/2023, National Association Of Enrolled Agents generated $3.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAEA SERVES AND SUPPORTS ENROLLED AGENTS, AMERICA'S TAX EXPERTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATIONS: NAEA PUBLISHES A PEER REVIEWED AND QUARTERLY SCHOLARLY JOURNAL, AS WELL AS A WEB SITE, WEEKLY EMAIL NEWSLETTERS AND SOCIAL MEDIA CHANNELS, THAT CONTAIN CONTENT MEMBERS NEED TO STAY INFORMED AND UP TO DATE ON LEGISLATION, REGULATIONS, AND OTHER INFORMATION THEY NEED TO SERVE AMERICA'S TAXPAYERS.
MEMBERSHIP: NAEA MEMBERSHIP OFFERS BENEFITS TO ENROLLED AGENTS TO BUILD THEIR PROFESSIONAL NETWORKS, BUILD THEIR BUSINESSES, AND SERVE THEIR CLIENTS. THIS INCLUDES PEER CONNECTIONS THROUGH THE MEMBERS-ONLY WEB BOARD, VOLUNTEER OPPORTUNITIES, AFFINITY AND DISCOUNT PROGRAMS, AND COMPLIMENTARY CONTINUING EDUCATION.
EDUCATION: ENROLLED AGENTS ARE REQUIRED TO MEET MINIMUM CONTINUING EDUCATION REQUIREMENTS EACH YEAR. NAEA PROVIDES A VARIETY OF CONTINUING EDUCATION COURSES FOR ENROLLED AGENTS AND OTHER TAX PROFESSIONALS. THESE PROGRAMS HELP THEM STAY COMPLIANT WITH LICENSING REQUIREMENTS AND COMPETENT IN TAX AND RELATED SUBJECT MATTER, AND HELPS EXPAND THEIR KNOWLEDGE AND EXPERTISE. THE NATIONAL TAX PRACTICE INSTITUTE IS A PROGRAM TO TRAIN MEMBERS ON TAXPAYER REPRESENTATION, A SPECIALTY AREA FOR ENROLLED AGENTS. COURSE OFFERINGS ARE PEER-REVIEWED AND MUST MEET CERTAIN REQUIREMENTS TO QUALIFY AS CONTINUING EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Leachmoore President | OfficerTrustee | 2 | $0 |
Kathy Brown Immediate Past President | OfficerTrustee | 2 | $0 |
Twila Midwood President-Elect | OfficerTrustee | 2 | $0 |
Jennifer Macmillan Secretary | OfficerTrustee | 2 | $0 |
Ed Ryan Treasurer | OfficerTrustee | 2 | $0 |
Geri Bowman Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Dembo Jones Accounting | 6/29/23 | $234,498 |
Van Scoyoc Associates Professional Services - Govt Relations | 6/29/23 | $120,411 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,541 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,541 |
| Total Program Service Revenue | $3,101,605 |
| Investment income | $27,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $90,373 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$51,954 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $760 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,184,226 |
| 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. | $236,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $813,016 |
| Pension plan accruals and contributions | $16,808 |
| Other employee benefits | $138,292 |
| Payroll taxes | $86,420 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,486 |
| Fees for services: Accounting | $26,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,931 |
| Fees for services: Other | $463,284 |
| Advertising and promotion | $17,171 |
| Office expenses | $39,026 |
| Information technology | $284,506 |
| Royalties | $0 |
| Occupancy | $215,761 |
| Travel | $74,219 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $254,009 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,371 |
| Insurance | $23,331 |
| All other expenses | $67,398 |
| Total functional expenses | $3,182,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,221,900 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,451 |
| 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 | $35,536 |
| Net Land, buildings, and equipment | $24,445 |
| Investments—publicly traded securities | $907,208 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $266,339 |
| Total assets | $2,458,879 |
| Accounts payable and accrued expenses | $279,980 |
| Grants payable | $0 |
| Deferred revenue | $1,246,646 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $295,389 |
| Total liabilities | $1,822,015 |
| Net assets without donor restrictions | $420,350 |
| Net assets with donor restrictions | $216,514 |
| 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 | $2,458,879 |