National Center For Employee Ownership
- Assets
- $3.6m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Covina, CA
- Founding
- 05/1981
- Data as of
- 12/2023
- EIN
- 52-1210536
Organization Overview
National Center For Employee Ownership is located in Covina, CA. The organization was established in 1981. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Center For Employee Ownership employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Center For Employee Ownership 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 12/2023, National Center For Employee Ownership generated $4.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 7.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
THE NCEO IS A SELF-SUSTAINING NONPROFIT ORGANIZATION THAT PROVIDES PRACTICAL RESOURCES AND OBJECTIVE, RELIABLE INFORMATION ABOUT EMPLOYEE OWNERSHIP TO BUSINESSES, EMPLOYEES, AND THE PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE NCEO IS A MEMBER SERVICES ORGANIZATION. IN 2023 THE NCEO CONTINUED TO SERVE ITS MEMBERS BY PROVIDING A MULTITUDE OF SERVICES SUCH AS SPONSORED EVENTS, PUBLICATIONS, TRAININGS, OUTREACH AND RESEARCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Loren Rodgers Executive Dir. | OfficerTrustee | 40 | $149,248 |
Nancy Wiefek Research Director | 40 | $147,018 | |
Michelle Cronin Treas/direc Fin | OfficerTrustee | 40 | $125,618 |
Scott Rodrick Board/staff | Trustee | 40 | $122,373 |
Jaymie Oviedo Sr. Event Director | 40 | $114,324 | |
Timothy Garbinsky Communications Dir | 40 | $113,887 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,140,338 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,379 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,181,717 |
| Total Program Service Revenue | $3,060,726 |
| Investment income | $66,039 |
| 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 | $120,786 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,442,185 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,000 |
| 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. | $532,802 |
| Compensation of current officers, directors, key employees. | $269,057 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,400,173 |
| Pension plan accruals and contributions | $40,831 |
| Other employee benefits | $168,439 |
| Payroll taxes | $148,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,957 |
| Fees for services: Accounting | $21,261 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $197,757 |
| Advertising and promotion | $0 |
| Office expenses | $373,945 |
| Information technology | $65,817 |
| Royalties | $0 |
| Occupancy | $7,834 |
| Travel | $123,548 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $890,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,214 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,225,396 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $541,266 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,425 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $26,605 |
| Prepaid expenses and deferred charges | $102,496 |
| Net Land, buildings, and equipment | $276,616 |
| Investments—publicly traded securities | $2,581,460 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,555,868 |
| Accounts payable and accrued expenses | $287,097 |
| Grants payable | $0 |
| Deferred revenue | $1,306,433 |
| 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 | $0 |
| Total liabilities | $1,593,530 |
| Net assets without donor restrictions | $1,888,234 |
| Net assets with donor restrictions | $74,104 |
| 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 | $3,555,868 |
Grants Awarded
Over the last fiscal year, National Center For Employee Ownership has awarded $145,475 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
GULF MARINE REPAIR PURPOSE: Business literacy training | $11,475 |
PA CTR EMPLOYEE OWNERSHIP PURPOSE: Establish a new state center | $121,000 |
PACIFIC PAVINGSTONE INC PURPOSE: Business literacy training | $13,000 |