Nacs Foundation
- Assets
- $3.6m
- Revenue
- $342.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Oberlin, OH
- Founding
- 02/1983
- Data as of
- 03/2022
- EIN
- 52-1270412
Organization Overview
Nacs Foundation is located in Oberlin, OH. The organization was established in 1983. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacs Foundation 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 03/2022, Nacs Foundation generated $342.7k 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 (10.5%) each year. All expenses for the organization totaled $773.6k during the year ending 03/2022. 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 SUPPORT INITIATIVES AND EDUCATIONAL PROGRAMS OF THE NATIONAL ASSOCIATION OF COLLEGE STORES AND PROVIDE RESEARCH THAT ADDRESSES ISSUES OF IMPORTANCE TO THE COLLEGE STORE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NACS PROFESSIONAL DEVELOPMENT GRANTS: GRANTS TO INDIVIDUALS TO ATTEND NACS ANNUAL MEETING AND OTHER EDUCATIONAL COURSES AND GRANTS TO NACS TO PROVIDE EDUCATIONAL PROGRAMS TO MEMBERS.
CONDUCTING AND DISSEMINATING RESEARCH TO THE COLLEGE STORE INDUSTRY ON SUCH TOPICS AS THE BUYING HABITS OF STUDENTS AND A SALARY AND BENEFITS SURVEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Sulen Chief Financial Officer | Officer | 1 | $0 |
Edward L Schlichenmayer CEO | Officer | 1 | $0 |
Beth Christian Director | Trustee | 1 | $0 |
Michael Tolly President | Trustee | 1 | $0 |
Polly Grapes Director | Trustee | 1 | $0 |
Luanne Kelly Director | Trustee | 1 | $0 |
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 | $30,278 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,278 |
| Total Program Service Revenue | $9,683 |
| Investment income | $60,319 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $242,403 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $342,683 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $165,000 |
| Grants and other assistance to domestic individuals. | $31,927 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $422,359 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,572 |
| Office expenses | $0 |
| Information technology | $69,641 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,673 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,922 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,375 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $773,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $53,093 |
| Net Land, buildings, and equipment | $143,437 |
| Investments—publicly traded securities | $3,438,623 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,635,153 |
| Accounts payable and accrued expenses | $459,438 |
| 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 | $0 |
| Total liabilities | $459,438 |
| Net assets without donor restrictions | $2,863,828 |
| Net assets with donor restrictions | $311,887 |
| 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 | $3,635,153 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nacs Foundation has recieved totaling $11,250.
| Awarding Organization | Amount |
|---|---|
National 4-H Council Chevy Chase, MD | | $5,625 |
National 4-H Council Chevy Chase, MD | | $5,625 |
Endowment Analysis
| Beg. Balance | $136,854 |
| Earnings | $12,207 |
| Ending Balance | $149,061 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
Western Michigan University Foundation Kalamazoo, MI | $431,026,780 | $43,479,998 |
Pelotonia Columbuus, OH | $27,807,886 | $34,892,875 |
Wku Student Life Foundation Inc Bowling Green, KY | $178,491,745 | $30,600,200 |
Foundation For Indiana University Of Pennsylvania Indiana, PA | $226,911,998 | $27,994,482 |
Miami University Foundation Inc Oxford, OH | $724,573,926 | $28,643,439 |
Bowling Green State University Foundation Inc Bowling Green, OH | $269,755,787 | $28,051,237 |
Ball State University Foundation Muncie, IN | $262,845,495 | $25,627,270 |
The University Of Toledo Foundation Toledo, OH | $690,162,176 | $41,543,760 |
Youngstown State University Foundation Youngstown, OH | $318,269,128 | $38,933,738 |