National Association Of Educational Procurement
- Assets
- $911.6k
- Revenue
- $592.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Mclean, VA
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 90-0045409
Organization Overview
National Association Of Educational Procurement is located in Mclean, VA. The organization was established in 1994. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. National Association Of Educational Procurement 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 Association Of Educational Procurement generated $592.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $545.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.7%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE DEVELOPMENT, EXCHANGE & PRACTICE OF EFFECTIVE & ETHICAL PROCUREMENT PRINCIPLES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE EDUCATION OF MEDICAL FACILITIES AND EDUCATIONAL INSTITUTIONS IN THEIR PURCHASE OF SUPPLIES AND EQUIPMENT.
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 |
|---|---|---|---|
Travis Ball Immediate Past Chair | OfficerTrustee | 5 | $0 |
Kelly Loll Chair | OfficerTrustee | 5 | $0 |
Kevin Carr Chair | OfficerTrustee | 5 | $0 |
Allison Canada Vice Chair | OfficerTrustee | 5 | $0 |
Greg Macway Vice Chair | OfficerTrustee | 5 | $0 |
Aaron Carter Treasurer | OfficerTrustee | 5 | $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 | $1,621 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,621 |
| Total Program Service Revenue | $515,899 |
| Investment income | $120 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $74,500 |
| 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 | $592,192 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,900 |
| 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 | $7,650 |
| 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 | $17,167 |
| Information technology | $2,685 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,637 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $481,907 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $545,946 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $672,840 |
| Savings and temporary cash investments | $56,459 |
| 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 | $15,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $166,934 |
| Total assets | $911,633 |
| Accounts payable and accrued expenses | $1,440 |
| Grants payable | $0 |
| Deferred revenue | $6,500 |
| 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 | $29,089 |
| Total liabilities | $37,029 |
| Net assets without donor restrictions | $874,604 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $911,633 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Methodist University Inc Fayetteville, NC | $132,260,615 | $89,510,877 |
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
Propane Education & Research Council Inc Washington, DC | $68,183,417 | $39,056,977 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |