North American University
- Assets
- $17.2m
- Revenue
- $12.3m
- Investments
- $0.0
- Employees
- 222
- Location
- Stafford, TX
- Founding
- 08/2007
- Data as of
- 06/2021
- EIN
- 20-8825983
Organization Overview
North American University is located in Stafford, TX. The organization was established in 2007. According to its NTEE Classification (B30) the organization is classified as: Vocational & Technical Schools, under the broad grouping of Education and related organizations. As of 06/2021, North American University employed 222 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North American University 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 06/2021, North American University generated $12.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $12.1m during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NORTH AMERICAN UNIVERSITY (NAU) IS A PRIVATE AND NON-PROFIT INSTITUTION OFFERING BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY IS COMMITTED TO TEACHING EXCELLENCE AND BEING STUDENT CENTERED. NAU STRIVES TO PROVIDE AN ENVIRONMENT PROMOTING GLOBAL CULTURAL COMPETENCY, PERSONAL GROWTH AND RESPONSIBLE CITIZENSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NORTH AMERICAN UNIVERSITY (NAU) IS A PRIVATE AND NON-PROFIT INSTITUTION OFFERING BACHELOR'S AND MASTER'S DEGREES. THE UNIVERSITY IS COMMITTED TO TEACHING EXCELLENCE AND BEING STUDENT CENTERED. NAU STRIVES TO PROVIDE AN ENVIRONMENT PROMOTING GLOBAL CULTURAL COMPETENCY, PERSONAL GROWTH AND RESPONSIBLE CITIZENSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faruk Taban VP For Academic Affairs | Officer | 40 | $83,819 |
Kudbettin Aksoy VP For Administrative Affa | Officer | 40 | $82,197 |
Serif Ali Tekalan President | Officer | 40 | $79,711 |
Guner Arslan Board Chairman/trustee | Trustee | 2 | $0 |
Orhan Kucukosman Board Finance Chair/truste | Trustee | 1.5 | $0 |
Ruhi Ozgel Former Board Secretary/trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,209,916 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,437,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,647,216 |
| Total Program Service Revenue | $7,632,772 |
| Investment income | $0 |
| 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 | $7,450 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,287,470 |
| 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. | $237,226 |
| Compensation of current officers, directors, key employees. | $237,226 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,662,044 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $143,557 |
| Payroll taxes | $295,979 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $34,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $98,069 |
| Advertising and promotion | $4,443 |
| Office expenses | $514,078 |
| Information technology | $713,985 |
| Royalties | $0 |
| Occupancy | $4,929,798 |
| Travel | $46,944 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $700 |
| Interest | $18,091 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,967 |
| Insurance | $76,342 |
| All other expenses | $0 |
| Total functional expenses | $12,056,890 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,012,281 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,609,940 |
| Accounts receivable, net | $822,161 |
| 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 | $252,726 |
| Net Land, buildings, and equipment | $4,489,922 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,000,000 |
| Total assets | $17,187,030 |
| Accounts payable and accrued expenses | $1,964,562 |
| Grants payable | $0 |
| Deferred revenue | $211,692 |
| 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 | $508,455 |
| Unsecured mortgages and notes payable | $876,762 |
| Other liabilities | $2,081,583 |
| Total liabilities | $5,643,054 |
| Net assets without donor restrictions | $11,543,976 |
| 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 | $17,187,030 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North American University has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North American University Stafford, TX | $17,187,030 | $12,287,470 |
Genesys Works Houston, TX | $3,513,316 | $7,886,001 |
Agape Development Ministries Houston, TX | $5,335,198 | $3,787,112 |
Gulf Coast Trades Center New Waverly, TX | $3,594,934 | $4,661,220 |
Rgr Industries Inc Weslaco, TX | $113,711 | $4,345,199 |
Local 798 Training Center Tulsa, OK | $15,089,944 | $2,364,355 |
The Texas International Institute Of Health Professions Houston, TX | $1,051,100 | $3,423,750 |
Gulf Coast Safety Council St Rose, LA | $8,585,164 | $3,314,134 |
Leaders In Education Houston, TX | $4,759,065 | $5,189,161 |
New Orleans Career Center New Orleans, LA | $1,143,787 | $3,091,199 |
Valley Grande Institute For Academic Studies Weslaco, TX | $6,074,695 | $3,497,097 |
New Mexico Pipe Trades Joint Apprenticeship Fund Albuquerque, NM | $5,396,358 | $2,206,148 |