National Association Of Convenience Stores Inc

Organization Overview

National Association Of Convenience Stores Inc, operating under the name Nacs, is located in Alexandria, VA. The organization was established in 1963. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nacs employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacs is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 12/2021, Nacs generated $56.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $37.2m during the year ending 12/2021. While expenses have increased by 2.2% 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 2014, Nacs has awarded 21 individual grants totaling $4,619,929. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY

Describe the Organization's Program Activity:

Part 3 - Line 4a

NACS HOLDS SEVERAL CONFERENCES AND EXHIBITS TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY. THE NACS SHOW IS THE PREMIER EXPO AND CONVENTION FOR THE CONVENIENCE AND FUEL RETAILING INDUSTRY, PRESENTING NUMEROUS EXHIBITS, WORKSHOPS, AND NETWORKING OPPORTUNITIES.


NACS' GOVERNMENT RELATIONS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF NACS, LOBBYING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES ON ISSUES RELATING TO THE CONVENIENCE AND FUEL RETAILING INDUSTRY AS WELL AS KEEPING MEMBERS AND OTHER INTERESTED PARTIES UPDATED ON IMPORTANT LEGISLATIVE ISSUES.


MEMBERSHIP REPRESENTS ACTIVITIES TO LEAD THE STRATEGIC DIRECTION OF MEMBERSHIP DEVELOPMENT, CUSTOMER INVOLVEMENT AND SATISFACTION, INDUSTRY IMAGE, AND THE IMPACT OF THESE DIRECTIONS ON INDUSTRY PERFORMANCE. INCLUDED WITHIN MEMBERSHIP ARE MEMBERSHIP DUES AS WELL AS PROGRAMMING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR. NACS HOLDS SEVERAL CONFERENCES TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY AS WELL AS VARIOUS EDUCATIONAL TOPICS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$960,239
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$960,239
Total Program Service Revenue$50,432,693
Investment income $1,709,048
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$228,310
Net Gain/Loss on Asset Sales $3,927,192
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $56,800,862

Grants Awarded

Over the last fiscal year, National Association Of Convenience Stores Inc has awarded $1,770,803 in support to 4 organizations.

Grant RecipientAmount

THE NACS FOUNDATION

Org PageRecipient Profile

Alexandria, VA

PURPOSE: SUPPORT FOR PROGRAM SERVICES

$1,400,073

THE FUELS INSTITUTE

Org PageRecipient Profile

Alexandria, VA

PURPOSE: SUPPORT FOR PROGRAM SERVICES

$200,000

MERCHANTS PAYMENTS COALITION INC

PURPOSE: SUPPORT FOR ADVOCACY FOR FAIR SWIPE FEES AND TRANSPARENT PAYMENTS SYSTEM.

$150,000

Alexandria, VA

PURPOSE: SUPPORT FOR PROGRAM SERVICES

$20,730
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that National Association Of Convenience Stores Inc has recieved totaling $960,239.

Awarding OrganizationAmount
The Nacs Foundation

Alexandria, VA

PURPOSE: PROGRAM SUPPORT

$960,239
View Grant Recipient Profile

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