National Association Of Corporate Directors
- Assets
- $1.5m
- Revenue
- $794.9k
- Investments
- $949.4k
- Employees
- 2
- Location
- Boston, MA
- Founding
- 11/2003
- Data as of
- 06/2023
- EIN
- 04-3370584
Organization Overview
National Association Of Corporate Directors is located in Boston, MA. The organization was established in 2003. According to its NTEE Classification (T03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2023, National Association Of Corporate Directors employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of Corporate Directors 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 06/2023, National Association Of Corporate Directors generated $794.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $681.3k during the year ending 06/2023. While expenses have increased by 0.8% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROMOTES HIGH PROFESSIONAL STANDARDS AND PROVIDES GOVERNANCE EDUCATION TO BOARDS OF DIRECTORS AND SENIOR CORPORATE MANAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NACD, NEW ENGLAND CHAPTER (NACDNE) HOSTS AN ANNUAL "DIRECTOR OF THE YEAR" EVENT WHICH RECOGNIZES LEADERSHIP AND ACCOMPLISHMENTS OF CORPORATE BOARDS AND INDIVIDUAL DIRECTORS IN NEW ENGLAND. THROUGH A NATIONAL PRESENCE IN WASHINGTON, D.C. AND OVER 20 ACTIVE REGIONAL CHAPTERS ACROSS THE COUNTRY (WITH NACDNE BEING ONE OF THEM), THE NACD IS THE LEADING ORGANIZATION DEDICATED TO ENHANCING CORPORATE GOVERNANCE IN THE UNITED STATES. THE NACD DIRECTOR OF THE YEAR AWARD HAS BEEN PRESENTED NATIONALLY FOR OVER 23 YEARS.EACH YEAR, NACDNE RECOGNIZES FULL BOARDS AND INDEPENDENT DIRECTORS OF PUBLIC, PRIVATE, AND NON-PROFIT BOARDS IN THE NEW ENGLAND AREA WHO HAVE MADE VALUABLE CONTRIBUTIONS TO THE BOARDS ON WHICH THEY SERVE, AS WELL AS ENTIRE BOARDS THAT HAVE SIGNIFICANTLY PROTECTED OR ENHANCED STAKEHOLDER VALUE.
THE NACD NEW ENGLAND CHAPTER PROGRAMS FOCUS ON TIMELY TOPICS FACING PUBLIC, PRIVATE AND NOT-FOR-PROFIT BOARDS OF DIRECTORS. THE ORGANIZATION HOSTS ONE TO TWO EDUCATIONAL SEMINARS AND MEETINGS ON CURRENT TOPICS OF INTEREST TO DIRECTORS PER MONTH. MARKETS AND ORGANIZATIONS ARE DYNAMIC AND BOARDS NEED TO BE ABLE TO EVOLVE AND CONTINUOUSLY IMPROVE SO THEY ARE MAXIMIZING THEIR VALUE TO THEIR ORGANIZATION.NACD NEW ENGLAND CHAPTER ALSO OFFERS A ROUNDTABLE SERIES TO PROVIDE AN OPPORTUNITY FOR DIRECTORS TO HOLD CANDID CONVERSATIONS BECAUSE THE ORGANIZATION RECOGNIZES THAT PEER-TO-PEER SHARING OF INSIGHTS IS VITAL TO ADVANCING EXCELLENCE IN THE BOARDROOM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth I Z Boland Chair | OfficerTrustee | 5 | $0 |
Allison Egbert CPA Treasurer | OfficerTrustee | 2 | $0 |
John L Klinck Jr Clerk | OfficerTrustee | 2 | $0 |
Cathy E Minehan President | OfficerTrustee | 5 | $0 |
Ellen Richstone Vice President | OfficerTrustee | 2 | $0 |
Diane Hessan Director | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $741,182 |
| Investment income | $53,688 |
| 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 | $794,870 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,096 |
| Compensation of current officers, directors, key employees. | $31,219 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $27,677 |
| Payroll taxes | $14,681 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $58,668 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,112 |
| Advertising and promotion | $5,178 |
| Office expenses | $12,854 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,593 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,567 |
| All other expenses | $0 |
| Total functional expenses | $681,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $317,394 |
| Savings and temporary cash investments | $26,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $155,760 |
| 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 | $14,897 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,160 |
| Investments—other securities | $949,411 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,464,887 |
| Accounts payable and accrued expenses | $51,475 |
| 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 | $51,475 |
| Net assets without donor restrictions | $1,413,412 |
| 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 | $1,464,887 |