National Business Education Association
- Assets
- $891.0k
- Revenue
- $664.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Reston, VA
- Founding
- 10/1969
- Data as of
- 06/2022
- EIN
- 52-0886073
Organization Overview
National Business Education Association is located in Reston, VA. The organization was established in 1969. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 06/2022, National Business Education Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Business Education Association 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 06/2022, National Business Education Association generated $664.3k 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 (3.7%) each year. All expenses for the organization totaled $627.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS EDUCATION FOR STUDENTS AND SERVE AS A UNIFYING AGENCY AMONG REGIONAL CHAPTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS - DISSEMINATED INFORMATION REGARDING DEVELOPMENTS IN BUSINESS EDUCATION VIA DISTRIBUTION OF VARIOUS PUBLICATIONS TO APPROXIMATELY 3,000 MEMBERS.
CONFERENCES - DISSEMINATED INFORMATION & TRAINING VIA SPEECHES, WORKSHOPS AND EXHIBITS TO ATTENDEES AT THE ANNUAL CONFERENCE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benita H Moore Board Member | Trustee | 1.5 | $0 |
Keith Hannah President | OfficerTrustee | 3 | $0 |
Delayne Havlovik President Elect | OfficerTrustee | 1.5 | $0 |
Lori Hauf Secretary/treasurer | OfficerTrustee | 1.5 | $0 |
Andrew Stout Board Member | Trustee | 1 | $0 |
Elisha Wohleb Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $94,513 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,195 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,708 |
| Total Program Service Revenue | $544,486 |
| Investment income | $10,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $664,331 |
| 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. | $165,000 |
| Compensation of current officers, directors, key employees. | $16,485 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,987 |
| Pension plan accruals and contributions | $11,491 |
| Other employee benefits | $21,734 |
| Payroll taxes | $19,026 |
| Fees for services: Management | $0 |
| 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 | $6,504 |
| Fees for services: Other | $24,750 |
| Advertising and promotion | $0 |
| Office expenses | $16,441 |
| Information technology | $4,769 |
| Royalties | $0 |
| Occupancy | $600 |
| Travel | $10,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $103,674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,221 |
| Insurance | $16,106 |
| All other expenses | $0 |
| Total functional expenses | $627,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,279 |
| Savings and temporary cash investments | $77,945 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,701 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $8,397 |
| Investments—publicly traded securities | $776,661 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $890,983 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,634 |
| Total liabilities | $3,634 |
| Net assets without donor restrictions | $851,732 |
| Net assets with donor restrictions | $35,617 |
| 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 | $890,983 |