Naf is located in New York, NY. The organization was established in 1989. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2021, Naf employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naf 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, Naf generated $18.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $23.1m during the year ending 12/2021. While expenses have increased by 5.8% 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 2016, Naf has awarded 71 individual grants totaling $3,694,739. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAF SOLVES SOME OF THE BIGGEST CHALLENGES FACING EDUCATION AND THE ECONOMY BY BRINGING EDUCATION, BUSINESS, AND COMMUNITY LEADERS TOGETHER TO TRANSFORM THE HIGH SCHOOL EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ACADEMY OF FINANCE, WHICH OPERATES 146 ACADEMIES, CONNECTS HIGH SCHOOL STUDENTS WITH THE WORLD OF FINANCIAL SERVICES AND PERSONAL FINANCE, OFFERING A CURRICULUM THAT COVERS BANKING AND CREDIT, FINANCIAL PLANNING, GLOBAL FINANCE SECURITIES, INSURANCE, ACCOUNTING, AND ECONOMICS. THE ACADEMY OF FINANCE CURRICULUM AND CERTIFICATION IS VALIDATED BY THE COUNCIL FOR ECONOMIC EDUCATION.
THE ACADEMY OF INFORMATION TECHNOLOGY, WHICH OPERATES 110 ACADEMIES, PREPARES STUDENTS FOR CAREER OPPORTUNITIES IN COMPUTER NETWORKING, SYSTEMS, DATABASE DESIGN, DIGITAL VIDEO PRODUCTION, GRAPHIC DESIGN, AND PROGRAMMING. IN ADDITION, JUNIPER NETWORKS HAS AGREED UPON A PROGRAM OF STUDY, LINKED TO NAF ASSESSMENTS, THAT WILL QUALIFY STUDENTS FOR ITS PROFESSIONAL TRAINING PROGRAM AND EARN A JUNIPER CERTIFICATE. ACADEMIES MAY ALSO USE COMPUTER SCIENCE CURRICULUM FROM PROJECT LEAD THE WAY, INC. (PLTW) AND SELECT COURSES FROM CISCO.
THE ACADEMY OF ENGINEERING, WHICH OPERATES 105 ACADEMIES, ANSWERS AN ACUTE NEED FOR ENGINEERS IN THIS COUNTRY BY EDUCATING HIGH SCHOOL STUDENTS IN THE PRINCIPLES OF ENGINEERING, PROVIDING CONTENT IN THE FIELDS OF ELECTRONICS, BIOTECH, AEROSPACE, CIVIL ENGINEERING, AND ARCHITECTURE. ACADEMIES USE CURRICULUM FROM PROJECT LEAD THE WAY, INC. (PLTW), THE STEM ACADEMY, OR PAXTON/PATTERSON. THEY ALSO BENEFIT FROM SUPPORT PROVIDED BY NATIONAL ACTION COUNCIL FOR MINORITIES IN ENGINEERING (NACME).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jondel Hoye CEO (thru 07/2021) | OfficerTrustee | 50 | $514,955 |
Lisa Dughi President & CEO (beg. 07/2021) | OfficerTrustee | 50 | $483,634 |
Maryanne Bloomfield Chief Advancement Officer | Officer | 50 | $266,021 |
Craig W Love Chief Financial Officer | Officer | 50 | $259,042 |
Brenda Barry Chief Program Officer | Officer | 50 | $254,185 |
Colleen Devery Chief Strategy Officer | Officer | 50 | $231,474 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Nocti Inc It Project Management | 12/30/21 | $690,225 |
Organizational Services Inc Conference Administration | 12/30/21 | $178,000 |
Discovery Education Program Consulting | 12/30/21 | $350,000 |
Cicero Research Llc Program Consulting | 12/30/21 | $311,700 |
Fenton Communications Inc Communication Services | 12/30/21 | $170,400 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $742,459 |
Related organizations | $0 |
Government grants | $3,248,223 |
All other contributions, gifts, grants, and similar amounts not included above | $13,708,254 |
Noncash contributions included in lines 1a–1f | $20,852 |
Total Revenue from Contributions, Gifts, Grants & Similar | $17,698,936 |
Total Program Service Revenue | $927,397 |
Investment income | $283,873 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $6,762 |
Net Income from Fundraising Events | -$97,100 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $18,819,868 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,921,017 |
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. | $3,839,927 |
Compensation of current officers, directors, key employees. | $796,339 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,577,602 |
Pension plan accruals and contributions | $792,368 |
Other employee benefits | $933,422 |
Payroll taxes | $685,934 |
Fees for services: Management | $0 |
Fees for services: Legal | $135,428 |
Fees for services: Accounting | $239,981 |
Fees for services: Lobbying | $142,250 |
Fees for services: Fundraising | $71,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,676,605 |
Advertising and promotion | $559,772 |
Office expenses | $759,905 |
Information technology | $1,099,017 |
Royalties | $0 |
Occupancy | $830,246 |
Travel | $161,172 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,500 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $541,374 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $23,124,545 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $6,827,869 |
Savings and temporary cash investments | $3,867,700 |
Pledges and grants receivable | $6,226,721 |
Accounts receivable, net | $546,196 |
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 | $181,080 |
Net Land, buildings, and equipment | $6,358 |
Investments—publicly traded securities | $10,199,091 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $239,753 |
Total assets | $28,094,768 |
Accounts payable and accrued expenses | $2,528,360 |
Grants payable | $0 |
Deferred revenue | $459,623 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $14,200 |
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 | $662,502 |
Total liabilities | $3,664,685 |
Net assets without donor restrictions | $8,888,481 |
Net assets with donor restrictions | $15,541,602 |
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 | $28,094,768 |
Over the last fiscal year, Naf has awarded $1,584,980 in support to 18 organizations.
Grant Recipient | Amount |
---|---|
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: BALLMER AND FUND II STEM GRANTS | $505,000 |
DALLAS INDEPENDENT SCHOOL DISTRICT PURPOSE: FUND II STEM GRANTS AND DISTINGUISHED ACADEMY AWARDS | $220,000 |
MILWAUKEE PUBLIC SCHOOLS PURPOSE: FUND II STEM GRANTS | $175,000 |
CHARLOTTE-MECKLENBURG BOARD OF EDUCATION PURPOSE: VIRTUAL INTERNSHIP PROGRAM | $100,000 |
Fort Lauderdale, FL PURPOSE: FUND II STEM GRANT AND DISTINGUISHED ACADEMY AWARDS | $90,000 |
MIAMI-DADE COUNTY PUBLIC SCHOOLS CTE PROGRAM PURPOSE: FUND II STEM GRANT | $75,000 |
Over the last fiscal year, we have identified 12 grants that Naf has recieved totaling $8,264,792.
Awarding Organization | Amount |
---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $4,514,150 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $2,554,928 |
Verizon Foundation Basking Ridge, NJ PURPOSE: CREATING STEM-ENABLED LEARNERS | $500,000 |
Citi Foundation New York, NY PURPOSE: ALUMNI ENGAGEMENT PROGRAM | $500,000 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $150,000 |
For Inspiration And Recognition Of Science And Technology First Manchester, NH PURPOSE: Program Support | $30,000 |
Beg. Balance | $582,953 |
Earnings | $124,489 |
Ending Balance | $707,442 |
Organization Name | Assets | Revenue |
---|---|---|
Ccres Downingtown, PA | $11,140,030 | $33,857,794 |
Lincoln Learning Solutions Inc Rochester, PA | $70,095,014 | $24,122,252 |
Worcester City Campus Corporation Shrewsbury, MA | $408,230,540 | $37,285,221 |
New Visions For Public Schools Inc New York, NY | $79,613,761 | $33,356,068 |
Naf New York, NY | $28,094,768 | $18,819,868 |
Zearn Inc New York, NY | $36,079,361 | $33,394,711 |
Sruf Campus Housing Inc Slippery Rock, PA | $97,548,572 | $13,162,119 |
Uchcfc Circle Road Corp Farmington, CT | $184,016,128 | $11,665,579 |
United Community Schools Inc New York, NY | $17,599,679 | $9,226,471 |
College Achieve Public Charter Schools Inc Tinton Falls, NJ | $2,920,283 | $10,421,988 |
Friends Of Hellenic Classical Charter Schools Inc Brooklyn, NY | $82,915,888 | $678,941 |
Massachusetts Green High Performance Computing Center Inc Holyoke, MA | $16,995,884 | $7,668,165 |