National Business Education Association
- Assets
- $1.0m
- Revenue
- $472.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Reston, VA
- Founding
- 10/1969
- Data as of
- 06/2021
- EIN
- 52-0886073
Organization Overview
National Business Education Association is located in Reston, VA. The organization was established in 1969. 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 06/2021, National Business Education Association employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Business Education Association 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, National Business Education Association generated $472.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $765.2k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE BUSINESS EDUCATION FOR STUDENTS AND SERVE AS A UNIFYING AGENCY AMONG REGIONAL CHAPTERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLICATIONS - DISSEMINATED INFORMATION REGARDING DEVELOPMENTS IN BUSINESS EDUCATION VIA DISTRIBUTION OF VARIOUS PUBLICATIONS TO APPROXIMATELY 3,000 MEMBERS.
CONFERENCES - DISSEMINATED INFORMATION & TRAINING VIA SPEECHES, WORKSHOPS AND EXHIBITS TO ATTENDEES AT THE ANNUAL CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Mcclary Executive Director | Officer | 37.5 | $149,846 |
Janet Treichel Former Executive Director | 0 | $130,000 | |
Colleen Webb Past President | OfficerTrustee | 1.5 | $0 |
Keith Hannah President - Elect | OfficerTrustee | 1.5 | $0 |
Benita H Moore President | OfficerTrustee | 3 | $0 |
Virginia Hemby Secretary/treasurer | OfficerTrustee | 1.5 | $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 | $145 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145 |
| Total Program Service Revenue | $464,090 |
| Investment income | $2,605 |
| 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 | $472,041 |
| 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. | $288,826 |
| Compensation of current officers, directors, key employees. | $145,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $102,231 |
| Pension plan accruals and contributions | $13,629 |
| Other employee benefits | $38,993 |
| Payroll taxes | $18,485 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $936 |
| Fees for services: Other | $45,533 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $23,592 |
| Royalties | $0 |
| Occupancy | $33,636 |
| Travel | $10,288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,657 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,490 |
| Insurance | $16,833 |
| All other expenses | $0 |
| Total functional expenses | $765,198 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,660 |
| Savings and temporary cash investments | $516,111 |
| Pledges and grants receivable | $0 |
| 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 | $6,326 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $7,809 |
| Investments—publicly traded securities | $494,968 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,035,874 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $42,500 |
| Other liabilities | $3,634 |
| Total liabilities | $46,134 |
| Net assets without donor restrictions | $955,906 |
| Net assets with donor restrictions | $33,834 |
| 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 | $1,035,874 |
Endowment Analysis
| Beg. Balance | $83,834 |
| Other Expense | $50,000 |
| Ending Balance | $33,834 |
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|---|---|---|
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American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
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American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
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