National Association For The Exchange Of Industrial Resources I
- Assets
- $94.8m
- Revenue
- $83.3m
- Investments
- $0.0
- Employees
- 57
- Location
- Galesburg, IL
- Founding
- 08/1977
- Data as of
- 06/2022
- EIN
- 36-2906866
Organization Overview
National Association For The Exchange Of Industrial Resources I, operating under the name Naeir Inc, is located in Galesburg, IL. The organization was established in 1977. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Naeir Inc employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naeir Inc 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 06/2022, Naeir Inc generated $83.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $106.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Naeir Inc has awarded 9,467 individual grants totaling $432,061,558. 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
TO OBTAIN, CATALOG, AND REDISTRIBUTE DONATED INVENTORY UNDER IRC SECTION 170(E)(3).
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAEIR REDISTRIBUTES DONATED INVENTORY TO EDUCATIONAL AND CHARITABLE ORGANIZATIONS THAT ASSERT THEIR QUALIFICATION UNDER IRC SECTION 170(E)(3) AS RECIPIENTS UNDER THAT SECTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary C Smith President/ceo | OfficerTrustee | 40 | $281,216 |
Robert B Gilstrap Vice President/cfo | Officer | 40 | $233,763 |
Paula R Dejaynes Secretary/vp Corp Relation | Officer | 40 | $153,360 |
Marvin Dahlberg Board Chairman | Trustee | 7.5 | $0 |
Mary Austin Board Secretary/treasurer | Trustee | 7.5 | $0 |
Bruce Polay Board Member | Trustee | 7.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $74,223,768 |
| Noncash contributions included in lines 1a–1f | $74,223,768 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $74,223,768 |
| Total Program Service Revenue | $9,077,535 |
| Investment income | $866 |
| 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 | $83,302,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $94,415,400 |
| 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. | -$255,394 |
| Compensation of current officers, directors, key employees. | -$96,952 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,025,452 |
| Pension plan accruals and contributions | $20,009 |
| Other employee benefits | $468,036 |
| Payroll taxes | $132,167 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $103,472 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,043 |
| Fees for services: Other | $239,061 |
| Advertising and promotion | $4,986 |
| Office expenses | $540,976 |
| Information technology | $186,529 |
| Royalties | $0 |
| Occupancy | $615,099 |
| Travel | $122,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,961 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $120,069 |
| Insurance | $24,366 |
| All other expenses | $109,007 |
| Total functional expenses | $106,243,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,890,699 |
| Savings and temporary cash investments | $1,139,546 |
| Pledges and grants receivable | $2,466,684 |
| Accounts receivable, net | $256,497 |
| 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 | $47,328 |
| Net Land, buildings, and equipment | $788,139 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,220,772 |
| Total assets | $94,809,665 |
| Accounts payable and accrued expenses | $498,841 |
| Grants payable | $0 |
| Deferred revenue | $77,071 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,325,422 |
| Total liabilities | $1,901,334 |
| Net assets without donor restrictions | $3,040,261 |
| Net assets with donor restrictions | $89,868,070 |
| 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 | $94,809,665 |
Grants Awarded
Over the last fiscal year, National Association For The Exchange Of Industrial Resources I has awarded $29,847,942 in support to 751 organizations.
| Grant Recipient | Amount |
|---|---|
Allentown, PA PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,962,749 |
East Brunswick, NJ PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,559,952 |
Orangevale, CA PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,307,875 |
Front Royal, VA PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,240,405 |
Burlington, NC PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,216,676 |
Schroon Lake, NY PURPOSE: CARE OF ILL, NEEDY, OR MINOR | $1,122,765 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Association For The Exchange Of Industrial Resources I Galesburg, IL | $94,809,665 | $83,302,169 |
American Society For Quality Inc Milwaukee, WI | $56,613,355 | $31,303,385 |
American Planning Association Chicago, IL | $23,906,674 | $19,430,254 |
Builders Association Of Kansas City Kansas City, MO | $9,644,021 | $4,877,663 |
Iowa State Association Of Counties West Des Moines, IA | $36,552,667 | $3,622,222 |
Wisconsin Transportation Builders Association Inc Madison, WI | $2,877,056 | $3,230,486 |
Chicago Cosmetologist Association Rosemont, IL | $1,586,512 | $2,186,841 |
Automotive Engine Rebuilders Association Ill Corp Cary, IL | $7,834,639 | $2,428,599 |
Iowa Association Of Business & Industry Des Moines, IA | $1,426,111 | $2,357,818 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Paducah, KY | $5,273,908 | $1,732,719 |
Wisconsin Institute Of Certified Public Accountants Inc Waukesha, WI | $3,370,714 | $2,420,380 |
United Association Of Journeymen & Apprentices Of The Plumbing & Pipe Menomonee Falls, WI | $2,149,558 | $2,113,542 |