The Nacs Foundation
- Assets
- $201.0k
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 05/2016
- Data as of
- 12/2021
- EIN
- 54-1723339
Organization Overview
The Nacs Foundation is located in Alexandria, VA. The organization was established in 2016. According to its NTEE Classification (J11) the organization is classified as: Single Organization Support, under the broad grouping of Employment 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 12/2021, Nacs Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 64.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 27.2% per year over the past 7 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.
Since 2016, Nacs Foundation has awarded 12 individual grants totaling $3,155,739. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE ITS MEMBERS AND THE PUBLIC ON ISSUES AFFECTING THE CONVENIENCE STORE INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE COMMUNITY AND INDUSTRY ADVANCEMENT PROGRAM IS TO SUPPORT EDUCATION AND RESEARCH THAT BUILDS INDUSTRY CAPABILITIES, KNOWLEDGE, IMAGE AND POSITIVE IMPACTS TO THE COMMUNITIES WE SERVE.
THE SCHOLARSHIP PROGRAM IS AN ENDOWMENT TO PROVIDE HIGHER EDUCATION OPPORTUNITIES TO SUPPORT AND PROMOTE EXCELLENCE IN RETAILING.
THE INTERNSHIP PROGRAM'S PURPOSE TO BROADEN PUBLIC KNOWLEDGE OF THE CONVENIENCE STORE INDUSTRY AND ENHANCE SUPPORT OF NACS' MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Smart Chair (thru 10/21), Trustee | OfficerTrustee | 1 | $0 |
Jared Scheeler Chair (beg 10/21) | OfficerTrustee | 1 | $0 |
Ken Parent Trustee | Trustee | 1 | $0 |
Lisa Dell'alba Trustee | Trustee | 1 | $0 |
Chuck Maggelet Trustee | Trustee | 1 | $0 |
Jose Victor Pardo Paterno Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,400,073 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $65,910 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,465,983 |
| Total Program Service Revenue | $0 |
| Investment income | $2,910 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $153 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,469,046 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,412,005 |
| Grants and other assistance to domestic individuals. | $29,093 |
| 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 | $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 | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $51,702 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,493,776 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,500 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $168,517 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,080 |
| Total assets | $200,987 |
| Accounts payable and accrued expenses | $2,550 |
| 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 | $26,766 |
| Total liabilities | $29,316 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $171,671 |
| 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 | $200,987 |
Grants Awarded
Over the last fiscal year, The Nacs Foundation has awarded $1,385,239 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: PROGRAM SUPPORT | $960,239 |
Alexandria, VA PURPOSE: PROGRAM SUPPORT | $400,000 |
Washington, DC PURPOSE: 24/7 DAY CONTRIBUTION | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Nacs Foundation has recieved totaling $1,400,073.
| Awarding Organization | Amount |
|---|---|
National Association Of Convenience Stores Inc Alexandria, VA PURPOSE: SUPPORT FOR PROGRAM SERVICES | $1,400,073 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Plastering Industrys Joint Apprenticeship Trust Fund Columbia, MD | $6,146,862 | $9,566,333 |
Nea Properties Inc Washington, DC | $16,455,902 | $2,169,094 |
The Nacs Foundation Alexandria, VA | $200,987 | $1,469,046 |
Operating Engineers Nationalcharity Fund Washington, DC | $150,303 | $842,806 |
Employee Ownership Expansion Network Arlington, VA | $702,382 | $618,974 |
Valvoline Instant Oil Change Hands On Assistance Fund Inc Lexington, KY | $185,860 | $222,832 |
Allied Wisdom Foundation Mocksville, NC | $15,869,710 | $607,996 |
Vector Industries Foundation Waynesboro, VA | $3,852,846 | $239,017 |