Naf
- Assets
- $19.1m
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 111
- Location
- New York, NY
- Founding
- 02/1989
- Data as of
- 12/2022
- EIN
- 13-3480246
Organization Overview
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 12/2022, Naf employed 111 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 12/2022, Naf generated $13.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $24.6m during the year ending 12/2022. While expenses have increased by 6.3% 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 86 individual grants totaling $4,733,062. 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
2022
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 175 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 HEALTH SCIENCES, WHICH OPERATES 88 ACADEMIES, ADDRESSES THE CRITICAL ACHIEVEMENT GAP IN STEM FIELDS AND DEVELOPS A PIPELINE OF STUDENTS PREPARED TO PURSUE HEALTH-RELATED DEGREES AND PROFESSIONS IN ONE OF THE FASTEST GROWING SECTORS OF THE ECONOMY. COURSES INCLUDE CONTENT ON BIOTECHNOLOGY, ANATOMY, PHYSIOLOGY, AND GLOBAL HEALTH. ACADEMIES MAY USE BIOMEDICAL CURRICULUM FROM PROJECT LEAD THE WAY INC. (PLTW) OR THE HEALTH SCIENCES CAREERS CURRICULUM FROM PAXTON-PATTERSON. HOSAFUTURE HEALTH PROFESSIONALS ALSO PROVIDES OPPORTUNITIES FOR STUDENTS TO BUILD COLLEGE AND CAREER-READINESS SKILLS. THE NATIONAL CONSORTIUM FOR HEALTH SCIENCE EDUCATION PROVIDES AN ONLINE MODULE FOR WORK-BASED LEARNING.
THE ACADEMY OF INFORMATION TECHNOLOGY, WHICH OPERATES 107 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 90 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).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sanford I Weill Chairman | OfficerTrustee | 4 | $0 |
Kenneth I Chenault Vice Chairman | OfficerTrustee | 4 | $0 |
Robert F Smith Vice Chairman | OfficerTrustee | 4 | $0 |
Eugene A Ludwig Secretary | OfficerTrustee | 4 | $0 |
Sanjiv Yajnik Treasurer, Thru 9/2022 | OfficerTrustee | 4 | $0 |
Jeffrey A Brill Director | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Organizational Services Inc Conference Administration | 12/30/22 | $811,913 |
Sc Partners Llc Student Activity Event Planning & Projec | 12/30/22 | $440,736 |
Nocti Inc It Project Management | 12/30/22 | $517,213 |
Modus Associates Llc Consulting Services | 12/30/22 | $611,884 |
American Institutes For Research Market Data And Research | 12/30/22 | $295,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,023,750 |
| Related organizations | $0 |
| Government grants | $99,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,503,635 |
| Noncash contributions included in lines 1a–1f | $137,549 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,626,385 |
| Total Program Service Revenue | $1,859,358 |
| Investment income | $208,126 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,396 |
| Net Income from Fundraising Events | -$138,868 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,558,397 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,344,783 |
| Grants and other assistance to domestic individuals. | $14,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,776,558 |
| Compensation of current officers, directors, key employees. | $1,010,227 |
| Compensation to disqualified persons | $117,450 |
| Other salaries and wages | $6,770,048 |
| Pension plan accruals and contributions | $627,631 |
| Other employee benefits | $927,632 |
| Payroll taxes | $834,863 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,009 |
| Fees for services: Accounting | $250,603 |
| Fees for services: Lobbying | $254,826 |
| Fees for services: Fundraising | $161,460 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,567,426 |
| Advertising and promotion | $776,841 |
| Office expenses | $837,238 |
| Information technology | $1,301,076 |
| Royalties | $0 |
| Occupancy | $1,083,182 |
| Travel | $1,365,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $382,363 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,721 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $24,565,644 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,179,339 |
| Savings and temporary cash investments | $872,564 |
| Pledges and grants receivable | $3,833,290 |
| Accounts receivable, net | $934,149 |
| 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 | $273,097 |
| Net Land, buildings, and equipment | $3,637 |
| Investments—publicly traded securities | $6,074,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,911,294 |
| Total assets | $19,081,833 |
| Accounts payable and accrued expenses | $471,448 |
| Grants payable | $0 |
| Deferred revenue | $489,348 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,452 |
| 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 | $5,263,391 |
| Total liabilities | $6,243,639 |
| Net assets without donor restrictions | $4,685,411 |
| Net assets with donor restrictions | $8,152,783 |
| 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 | $19,081,833 |
Grants Awarded
Over the last fiscal year, Naf has awarded $1,038,323 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
DC PUBLIC EDUCATION FUND PURPOSE: TECHNOLOGY LAB EQUIPMENT/RAYTHEON GRANT | $200,000 |
FRIENDSHIP PUBLIC CHARTER SCHOOL INC PURPOSE: TECHNOLOGY LAB EQUIPMENT / RAYTHEON GRANT | $200,000 |
READYCT PURPOSE: SUB-GRANT SPONSORED BY RAYTHEON GRANT | $150,000 |
DALLAS EDUCATION FOUNDATION PURPOSE: TECHNOLOGY LAB EQUIPMENT/RAYTHEON GRANT | $118,250 |
NORTH CAROLINA STATE UNIVERSITY PURPOSE: TRIO PROGRAM SUMMER COLLEGE EXPERIENCE IN STEM | $99,973 |
DETROIT PUBLIC SCHOOLS COMMUNITY DISTRICT PURPOSE: FUND II STEM SUB-GRANT | $75,000 |