National Association Of Securities Professionals
- Assets
- $381.4k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 3
- Location
- Washington, DC
- Founding
- 07/2011
- Data as of
- 12/2021
- EIN
- 13-3314582
Organization Overview
National Association Of Securities Professionals is located in Washington, DC. The organization was established in 2011. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, National Association Of Securities Professionals employed 3 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Securities Professionals 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, National Association Of Securities Professionals generated $1.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 6 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
NASP MISSON IS TO PROMOTE THE GROWTH AND DEVELOPMNET OF MINORITIES AND MINORITY OWNED INSTITUTIONS IN THE FINANCIAL SERVICES INDUSTRY. THIS INCLUDES EDUCATION AND ADVOCACY THROUGH THE NATIONAL OFFICE AND LOCAL CHAPTERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONFERENCES AND PROGRAMS. THE ANNUAL PENSION AND FINANCIAL SERVICES CONFERENCE IS NASPS SIGNATURE EVENT WHERE LEADERS CONDUCT EDUCATIONAL AND PROFESSIONAL DEVELOPMENT WORKSHOPS FOR THE MEMBERS AND OTHERS WHO SUPPORT NASPS OBJECTIVE, MISSION AND GOAL OF ADVOCATING FULL INCLUSION OF PEOPLE OF COLOR AND WOMEN IN THE FINANCIAL SERVICES INDUSTRY. ALSO, THE ANNUAL LEGISLATIVE CONFERENCE IS TO EDUCATE MEMBERS ON LEGISLATIVE ISSUES AND POLICIES THAT EFFECT OUR MEMBERS. AT THE DIVERSE AND EMERGING MANAGER FORUM, CIOS, FOUNDAION PROFESSIONALS AND ASSET MANAGERS GATHER TO DISCUSS DIVERSITY AND INCLUSION IN THE FINANCIAL INDUSTRY. THE CONSULTANT RETREAT PROVIDES THE SPACE FOR MINORITY OWNED ASSET MANAGEMENT FIRMS AND CONSULTANTS TO DIALOGUE AND DEVELOP POTENTIAL BUSINESS RELATIONSHIPS IN A RETREAT-LIKE SETTING.
OTHER PROGRAMS -LOCAL CHAPTERS - NASP CARRIES OUT THE MISSION OF THE ORGANIZATION AT THE LOCAL LEVEL PROVIDING EDUCATION AND NETWORKING OPPORTUNITIES TO A GEOGRAPHIC REGION POPULATED BY NASP MEMBERS. THE FASTRACK PROGRAMS ARE HOUSED IN THE LOCAL CHAPTERS AND PROVIDE FINANCIAL LITERACY TRAINING TO HIGH SCHOOL STUDENTS. ADVOCACY IN ALL AREAS OF INFLUENCE IN THE GOVERNMENT AND BUSINESS COMMUNITIES. THE MEMBERSHIP PROGRAM IS AN INITIATIVE WHICH FOCUSES ON ADDING VALUE TO MEMBERS OF THE NASP ORGANIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy T Logan Imediate Past Chair | OfficerTrustee | 1 | $0 |
Linda Jordan Secretary | OfficerTrustee | 2 | $0 |
Richard Turnley Chair | OfficerTrustee | 5 | $0 |
Ronald Parker President CEO | OfficerTrustee | 60 | $0 |
Erik Hall Chair Elect | OfficerTrustee | 5 | $0 |
Kila Weaver Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $103,184 |
| 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 | $103,184 |
| Total Program Service Revenue | $1,265,747 |
| Investment income | $101 |
| 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 | $1,369,032 |
| 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. | $616,850 |
| Compensation of current officers, directors, key employees. | $246,740 |
| 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 | $0 |
| 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 | $0 |
| Information technology | $28,712 |
| Royalties | $0 |
| Occupancy | $62,656 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $317,071 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $963 |
| Insurance | $4,092 |
| All other expenses | $32,450 |
| Total functional expenses | $1,338,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,545 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $270,584 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,283 |
| Total assets | $381,412 |
| Accounts payable and accrued expenses | $37,379 |
| Grants payable | $0 |
| Deferred revenue | $38,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $114,250 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $161,436 |
| Total liabilities | $351,065 |
| Net assets without donor restrictions | $30,347 |
| 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 | $381,412 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Association Of Securities Professionals has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Cfa Institute Charlottesville, VA PURPOSE: GEN SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Capital Concerts Inc Washington, DC | $5,908,234 | $11,646,682 |
Herbie Hancock Institute Of Jazz Washington, DC | $2,606,776 | $2,382,953 |
Opera Lafayette Washington, DC | $934,993 | $1,317,563 |
Dc Jazz Festival Washington, DC | $509,622 | $1,492,287 |
National Association Of Securities Professionals Washington, DC | $381,412 | $1,369,032 |
Garth Newel Music Center Foundation Corp Warm Springs, VA | $11,030,155 | $3,286,449 |
Alliance For Middle East Peace Inc Washington, DC | $1,104,153 | $1,242,168 |
Washington Bach Consort Washington, DC | $1,833,165 | $1,410,889 |
Virginia Musical Theatre Inc Virginia Beach, VA | $428,462 | $648,568 |
Williamsburg Music Association Williamsburg, VA | $1,263,975 | $1,022,675 |
Prince Georges Cultural Arts Foundation Mitchellville, MD | $187,525 | $778,067 |
Jazz Legacy Foundation Incorporated Portsmouth, VA | $138,246 | $665,223 |