National Association Of Corporate Directors
- Assets
- $78.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Excelsior, MN
- Founding
- 11/2003
- Data as of
- 12/2021
- EIN
- 04-3741178
Organization Overview
National Association Of Corporate Directors is located in Excelsior, MN. The organization was established in 2003. 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 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 12/2021, National Association Of Corporate Directors generated $48.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $63.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE NACD MINNESOTA CHAPTER FOLLOWS THE MISSION OF NACD IN ADVANCING EXEMPLARY BOARD LEADERSHIP. IT IS A REQUIREMENT FOR EACH PROGRAM THAT THE TOPIC RELATE TO "GOVERNANCE AND WE REQUIRE A MINIMUM OF ONE DIRECTOR, PREFERABLY AN NACD MEMBER, AS A SPEAKER OR PRESENTER ON A PANEL. IN THIS WAY, WE OFFER THE LOCAL DIRECTOR COMMUNITY OPPORTUNITIES TO BECOME INFORMED AND EDUCATED, AS WELL AS PROVIDING A FORUM FOR DISCUSSION OF TOPICS RELATING TO THE BOARDROOM AND DIRECTOR PERFORMANCE. IN 2021, WE OFFERED 7 PROGRAMS (REDUCTION AGAIN DUE TO COVID-19) TO 197 ATTENDEES. ALL BUT ONE PROGRAM WAS VIRTUAL SO WE HAVE LOW REVENUE FOR PROGRAM FEES. OUR MEMBERS WERE GIVEN COMPLIMENTARY PASSES AND NON-MEMBERS PAY $45. THE PROGRAMS CONSISTED OF SPEAKERS AND PANELS TO INCLUDE REPRESENTATION BY WOMEN AND/OR MINORITIES. THESE PROGRAMS SPOKE TO THE NEEDS OF THE DIRECTOR COMMUNITY IN THE PUBLIC, PRIVATE, FAMILY AND NON-PROFIT BUSINESS SECTORS. OUR SUCCESS IS EVIDENT AGAIN WITH AN INCREASE IN MEMBERSHIP DURING 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Judy Ferril Administrator | 8 | $20,908 | |
John Bergstrom President | 3 | $0 | |
Miron Marcotte Treasurer | 1 | $0 | |
Mary Daugherty Program Chair | 1 | $0 | |
George Boyadjis Director | 1 | $0 | |
Barbara Butts Williams Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,933 |
| Total Program Service Revenue | $945 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $48,887 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $45,608 |
| Professional fees and other payments to independent contractors | $10,070 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $155 |
| Other expenses | $8,116 |
| Total expenses | $63,949 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $78,498 |
| Other assets | $0 |
| Total assets | $78,498 |
| Total liabilities | $0 |
| Net assets or fund balances | $78,498 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wisconsin Education Association Council Madison, WI | $12,509,404 | $6,898,296 |
Minnesota School Boards Association St Peter, MN | $5,883,297 | $4,469,123 |
Iowa Association Of School Boards Des Moines, IA | $4,695,775 | $3,513,289 |
Southwest Minnesota Christian Schools Edgerton, MN | $1,416,101 | $2,794,640 |
Linn Christian Education Association Cedar Rapids, IA | $4,405,103 | $3,218,296 |
Dakota County United Educators Dental Reimbursement Fund Apple Valley, MN | $1,427,501 | $2,308,019 |
American Federation Of Teachers Apple Valley, MN | $551,443 | $2,032,436 |
Master Brewers Association Of The Americas Inc St Paul, MN | $6,464,686 | $1,849,411 |
American Federation Of Teachers Brooklyn Park, MN | $703,384 | $1,465,912 |
Wisconsin School Music Association Inc Wsma Waunakee, WI | $1,873,703 | $1,401,958 |
North Dakota Council Of Educational Leaders Bismarck, ND | $1,886,552 | $1,567,155 |
Iowa Association Of Independent Colleges And Universities West Des Moines, IA | $709,411 | $1,041,331 |