National Academy Of Human Resources Foundation
- Assets
- $4.8m
- Revenue
- $740.1k
- Investments
- $4.2m
- Employees
- 2
- Location
- Downers Grove, IL
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 85-0427733
Organization Overview
National Academy Of Human Resources Foundation is located in Downers Grove, IL. The organization was established in 1995. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. As of 12/2021, National Academy Of Human Resources Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Academy Of Human Resources 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, National Academy Of Human Resources Foundation generated $740.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $313.5k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SPONSORING SYMPOSIA, PROVIDING SCHOLARSHIPS, SPONSORING AND CONDUCTING RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHRO ACADEMY IS DESIGNED AS A PLACE WHERE TOP HR LEADERS CAN MEET AND SHARE KNOWLEDGE WITH ACCLAIMED HUMAN RESOURCES EXPERTS AND THE MOST DISTINGUISHED AND EXPERIENCED HUMAN RESOURCES LEADERS. ADDITIONALLY, THE CHRO ACADEMY PROVIDES AN OPPORTUNITY TO GAIN THE PERSPECTIVE OF BOARD AND CEO REGARDING THE EXPECTATIONS FOR THE CHRO.THE 2021 CHRO ACADEMY WAS HELD VIRTUALLY DUE TO THE COVID 19 PANDAMEIC. EXPENSES REFLECT MAILINGS, PRINTING, TECHNOLOGY FOR THE VIRTUAL MEETING.
THE NATIONAL ACADEMY OF HUMAN RESOURCES HOSTS AN ANNUAL PRE-DINNER MEETING AND MASTER'S STUDENTS PROGRAM CONCURRENT WITH OUR ANNUAL DINNER AND MEETING TO DISCUSS VARIOUS CURRENT TOPICS IN HUMAN RESOURCES AND RELATED FIELDS. THE 2021 PRE-DINNER MEETING AND MASTERS STUDENTS PROGRAM WAS HELD VIRTUALLY DUE TO THE COVID 19 PANDAMEIC. EXPENSES REFLECT MAILINGS, PRINTING, TECHNOLOGY FOR THE VIRTUAL MEETING.
THE NAHR FOUNDATION FUNDS FOUR SCHOLARSHIPS FOR GRADUATE STUDENTS STUDYING HR. THE SHRM FOUNDATION WILL SELECT THE SCHOLARSHIP RECIPIENTS FOR THREE OF THE SCHOLARSHIPS AND TUSKAGEE WILL SELECT FOR ONE BASED ON THEIR DEFINED CRITERIA.GRADUATE STUDENT SCHOLARSHIP BENEFICIARIES MUST BE ENROLLED IN A MASTER'S DEGREE PROGRAM CLEARLY PURSUING AN EMPHASIS IN HR OR HR RELATED PROGRAMS. THE FOUNDATION FUNDED MEMORIAL DONATIONS FOR 2 FELLOWS WHO PASSED IN 2021.
INCLUDES THE PAYROLL OF RESOURCES SERVING THE NEEDS OF HR PROFESSIONALS AND ADVANCING THE PRACTICES OF HUMAN RESOURCES THROUGH INITIATIVES SUCH AS RESEARCH, EDUCATION,WRITTEN AND VIDEO MATERIAL ON SPECIFIC CURRENT TOPICS, COACHING AND DIVERSITY PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jill B Smart President | OfficerTrustee | 15 | $112,500 |
Joseph B Ruocco Chair | OfficerTrustee | 0 | $0 |
Christine Pambianchi Vice Chair | OfficerTrustee | 0 | $0 |
Madelyn P Jennings Trustee | OfficerTrustee | 0 | $0 |
Steven R Hill Secretary/treasurer | OfficerTrustee | 0 | $0 |
Ted Childs Trustee | Trustee | 0 | $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 | $137,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $137,704 |
| Total Program Service Revenue | $446,410 |
| Investment income | $155,972 |
| 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 | $740,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,136 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $112,500 |
| Compensation of current officers, directors, key employees. | $16,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $46,002 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,910 |
| Payroll taxes | $12,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,633 |
| Advertising and promotion | $0 |
| Office expenses | $750 |
| Information technology | $527 |
| 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 | $1,223 |
| All other expenses | $141 |
| Total functional expenses | $313,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $433,374 |
| Savings and temporary cash investments | $128,852 |
| Pledges and grants receivable | $2,000 |
| 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 | $25,913 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,181,066 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,771,205 |
| Accounts payable and accrued expenses | $3,797 |
| Grants payable | $0 |
| Deferred revenue | $425,752 |
| 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 | $429,549 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $4,341,656 |
| Total liabilities and net assets/fund balances | $4,771,205 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Academy Of Human Resources Foundation has recieved totaling $19,000.
| Awarding Organization | Amount |
|---|---|
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $16,500 |
Industrial Relations Counselors Inc Brooklyn, NY PURPOSE: THIS GRANT IS BEING USED TO FUND ONE-HALF OF A SCHOLARSHIP FOR A STUDENT PURSUING A MASTER'S DEGREE IN HUMAN RESOURCES. IT IS IN MEMORY OF RICHARD A. BEAUMONT, IRC'S FORMER DIRECTOR OF RESEARCH AND TRUSTEE EMERITUS. | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Academy Of Human Resources Foundation Downers Grove, IL | $4,771,205 | $740,086 |
Illinois Council On Economic Education D/B/A Econ Illinois Dekalb, IL | $608,266 | $259,221 |
Wisconsin Council On Economic Education Inc Milwaukee, WI | $292,276 | $263,380 |
Americas Turning Point Inc Crown Point, IN | $8,123 | $0 |
Association For University Business And Economic Research Auber Muncie, IN | $140,046 | $0 |
Ronald Coase Institute St Louis, MO | $532,950 | $63,830 |
Consumer Culture Theory Consortium Inc Madison, WI | $144,668 | $0 |