National Association Of Investors Corporation
- Assets
- $4.0m
- Revenue
- $3.3m
- Investments
- $1.2m
- Employees
- 23
- Location
- Troy, MI
- Founding
- 12/1998
- Data as of
- 09/2022
- EIN
- 38-2111435
Organization Overview
National Association Of Investors Corporation, operating under the name Betterinvesting, is located in Troy, MI. The organization was established in 1998. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 09/2023, Betterinvesting employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Betterinvesting 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 09/2022, Betterinvesting generated $3.3m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $3.0m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by 0.0% 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
PROGRAM OF SOUND INVESTMENT INFORMATION, EDUCATION, AND SUPPORT. OUR MISSION IS TO EDUCATE INDIVIDUAL INVESTORS AND INVESTMENT CLUBS TO BECOME SUCCESSFUL LIFELONG INVESTORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAR TOO MANY AMERICANS ARE MISSING OUT ON THE BASIC BUILDING BLOCKS OF WEALTH CREATION BECAUSE OF LACK OF KNOWLEDGE, EXPOSURE AND OPPORTUNITY. TOO MANY STILL LACK BASIC INVESTMENT EDUCATION. THROUGH OUR PROGRAMS, THE NATIONAL ASSOCIATION OF INVESTORS (NAIC) AIMS TO ADDRESS THESE ISSUES AND EMPOWER INDIVIDUAL INVESTORS TO BUILD A STRONG FINANCIAL FOUNDATION. NAIC/BETTERINVESTING INTRODUCES INDIVIDUALS TO THE BENEFITS OF OWNING AND INVESTING IN STOCK. THE ORGANIZATION PROVIDES A PROGRAM OF UNBIASED, IN- DEPTH INVESTING EDUCATION TO CREATE SUCCESSFUL LIFELONG INVESTORS. THE ORGANIZATION ENCOURAGES A LONG TERM APPROACH TO INVESTING AND FINANCIAL LITERACY THAT FOCUSES ON THE SELECTION AND OWNERSHIP OF HIGH-QUALITY COMPANIES. BETTERINVESTING STAFF TEACH THE ORGANIZATION'S PRICIPLES AND TIME-TESTED METHODOLOGY VIA LIVE EDUCATIONAL WEBINARS. BETTERINVESTING MAGAZINE IS THE NAIC/BETTERINVESTING MONTHLY PUBLICATION ON A VARIETY OF FINANCIAL EDUCATION TOPICS DISTRIBUTED TO ALL MEMBERS. A DEDICATED INCLUSIVE COMMUNITY OF VOLUNTEERS ACROSS AMERICA DEVELOPS AND DELIVERS EDUCATIONAL PROGRAMS TO INDIVIDUALS AND INVESTMENT CLUBS. HUNDREDS OF CLASSES ARE OFFERED LOCALLY AND/OR ONLINE EACH YEAR. THESE EDUCATIONAL PROGRAMS ARE FOR THE GENERAL PUBLIC, WITH PROGRAMS FOR BEGINNERS AS WELL AS FOR THOSE WHO WANT TO EXPAND THEIR KNOWLEDGE OF INVESTING. THE BETTER INVESTING VOLUNTEER ADVISORY BOARD SPONSORS AND PRODUCES ONE ANNUAL CONFERENCE: THE BETTERINVESTING NATIONAL CONVENTION, WHICH OFFERS DOZENS OF INVESTMENT EDUCATION SEMINARS OVER MULTIPLE DAYS. ADDITIONALLY, NAIC/BETTERINVESTING PROVIDES TUTORIAL-BASED, ONLINE TOOLS FOR STOCK MARKET ANALYSIS AND PORTFOLIO MANAGEMENT FROM BEGINNER TO EXPERT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Zendel CEO | Officer | 47.7 | $167,863 |
Suzanne Artzberger Director Of | 40 | $128,151 | |
Cliff Trent Dir Of Ops & | OfficerTrustee | 40 | $121,370 |
Pat Donnelly Director | Trustee | 3.5 | $1,700 |
John Gannon Secretary | OfficerTrustee | 3.5 | $1,700 |
Jackie Koski Vice Chair | OfficerTrustee | 3.5 | $1,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morningstar Inc Investment Data | 9/29/22 | $109,063 |
Lsc Communications Printing | 9/29/22 | $121,151 |
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 | $426,641 |
| Noncash contributions included in lines 1a–1f | $60,170 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $426,641 |
| Total Program Service Revenue | $2,178,435 |
| Investment income | $6,527 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $2,355 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,256 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,265,301 |
| 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. | $383,245 |
| Compensation of current officers, directors, key employees. | $95,811 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,510 |
| Pension plan accruals and contributions | $16,054 |
| Other employee benefits | $120,814 |
| Payroll taxes | $99,686 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,454 |
| Fees for services: Accounting | $27,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,600 |
| Advertising and promotion | $102,860 |
| Office expenses | $327,955 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $86,856 |
| Travel | $25,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $193,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $103,377 |
| Insurance | $75,711 |
| All other expenses | $217,131 |
| Total functional expenses | $2,975,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,320,901 |
| Savings and temporary cash investments | $767,694 |
| Pledges and grants receivable | $116,724 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,675 |
| Prepaid expenses and deferred charges | $95,284 |
| Net Land, buildings, and equipment | $211,374 |
| Investments—publicly traded securities | $208,887 |
| Investments—other securities | $1,242,505 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $16,013 |
| Total assets | $3,989,057 |
| Accounts payable and accrued expenses | $319,521 |
| Grants payable | $0 |
| Deferred revenue | $1,062,613 |
| 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 | $83,587 |
| Total liabilities | $1,465,721 |
| Net assets without donor restrictions | $2,149,112 |
| Net assets with donor restrictions | $374,224 |
| 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 | $3,989,057 |