National Association Of College Stores Inc
- Assets
- $6.1m
- Revenue
- $5.9m
- Investments
- $4.6m
- Employees
- 47
- Location
- Oberlin, OH
- Founding
- 12/1949
- Data as of
- 03/2022
- EIN
- 34-0711559
Organization Overview
National Association Of College Stores Inc is located in Oberlin, OH. The organization was established in 1949. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 03/2022, National Association Of College Stores Inc employed 47 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of College Stores Inc 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 03/2022, National Association Of College Stores Inc generated $5.9m 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 (21.9%) each year. All expenses for the organization totaled $4.6m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (25.0%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NACS PROVIDES PREMIER PROGRAMS & SERVICES AND FACILITATES STRATEGIC PARTNERSHIPS TO ADVANCE THE COLLEGE RETAILERS INDUSTRY AND ENHANCE THE CAMPUS EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEETINGS, EXPOSITIONS, AND EDUCATIONAL PROGRAMS: NACS REGULARLY CONDUCTS AN ANNUAL NATIONAL CONFERENCE AND TRADE SHOW THAT STIMULATES INTEREST IN AND DEMAND FOR THE PRODUCTS OF THE COLLEGE STORE INDUSTRY. NACS ALSO CONDUCTS EDUCATIONAL SEMINARS FOR THE INDUSTRY.
MEMBERSHIP SERVICES AND RESEARCH: NACS PROVIDES MEMBERS WITH SUPPORT AND PUBLISHES A DIRECTORY AND INDUSTRY RESEARCH.
PUBLICATIONS: NACS PUBLISHES A BI-MONTHLY INDUSTRY MAGAZINE AND VARIOUS NEWSLETTERS TO KEEP ABREAST OF THE INDUSTRY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward L Schlichenmayer Chief Operating Officer | Officer | 40 | $330,719 |
Frank J Sulen Chief Financial Officer | Officer | 40 | $301,854 |
Richard S Hershman VP Of Govt Relations | 40 | $163,239 | |
Daniel G Bell Chief Technology Officer | 40 | $132,895 | |
Andy Dunn President-Elect | Trustee | 5 | $0 |
Chad Schreier Immediate Past President | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,474,000 |
| 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 | $1,474,000 |
| Total Program Service Revenue | $1,079,942 |
| Investment income | $21,241 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$613 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,949,877 |
| 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. | $667,616 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,921,924 |
| Pension plan accruals and contributions | $57,604 |
| Other employee benefits | $294,975 |
| Payroll taxes | $181,273 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $36,237 |
| Fees for services: Accounting | $66,200 |
| Fees for services: Lobbying | $45,318 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $401 |
| Fees for services: Other | $101,448 |
| Advertising and promotion | $57,612 |
| Office expenses | $0 |
| Information technology | $260,432 |
| Royalties | $0 |
| Occupancy | $46,191 |
| Travel | $36,193 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $390,795 |
| Interest | $29,425 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,346 |
| Insurance | $50,015 |
| All other expenses | $82,605 |
| Total functional expenses | $4,616,097 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $541,095 |
| 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 | $116,241 |
| Net Land, buildings, and equipment | $755,029 |
| Investments—publicly traded securities | $108,771 |
| Investments—other securities | $4,598,801 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,119,937 |
| Accounts payable and accrued expenses | $1,077,529 |
| Grants payable | $0 |
| Deferred revenue | $52,400 |
| 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 | $114,315 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,244,244 |
| Net assets without donor restrictions | $4,875,693 |
| 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 | $6,119,937 |
Grants Awarded
Over the last fiscal year, National Association Of College Stores Inc has awarded $418,875 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Oberlin, OH PURPOSE: GENERAL | $400,000 |
Lorain, OH PURPOSE: GENERAL | $12,875 |
Oberlin, OH PURPOSE: GENERAL | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Hospital Medicine Philadelphia, PA | $18,912,774 | $11,282,806 |
Pennsylvania School Boards Association Inc Mechanicsburg, PA | $12,806,871 | $8,442,070 |
Ohio School Boards Association Columbus, OH | $19,022,558 | $9,269,056 |
South Carolina Center For Fathers And Families Cleveland, OH | $2,234,846 | $8,447,371 |
Ohio Society Of Certified Public Accountants Columbus, OH | $10,948,438 | $7,921,101 |
Charter School Of The Dunes Inc Gary, IN | $14,167,237 | $8,545,161 |
National Association Of Colleges And Employers Bethlehem, PA | $16,581,342 | $8,504,625 |
Indiana Association For The Education Of Children Inc Indianapolis, IN | $1,546,703 | $6,038,887 |
National Association Of College Stores Inc Oberlin, OH | $6,119,937 | $5,949,877 |
New Prairie United School Building Corporation New Carlisle, IN | $68,234,946 | $7,118,037 |
Council Of International Schools Inc Twinsburg, OH | $6,821,075 | $3,986,944 |
Democracy Collaborative Foundation Inc Cleveland, OH | $2,262,118 | $2,304,413 |