National Apartment Association Education Institute
- Assets
- $7.6m
- Revenue
- $3.8m
- Investments
- $6.6m
- Employees
- 8
- Location
- Arlington, VA
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 52-1508111
Organization Overview
National Apartment Association Education Institute is located in Arlington, VA. The organization was established in 1987. 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 12/2021, National Apartment Association Education Institute employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Apartment Association Education Institute 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 12/2021, National Apartment Association Education Institute generated $3.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
NAAEI'S MAIN ACTIVITY IS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL COURSES COVERING THE MULTI-FAMILY HOUSING INDUSTRY. PROGRAMS AND MATERIAL (CONTINUED TO SCHEDULE O)
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAAEI'S MAIN ACTIVIY IS THE DEVELOPMENT AND IMPLEMENTATION OF EDUCATIONAL COURSES COVERING THE MULTI-FAMILY HOUSING INDUSTRY. PROGRAMS AND MATERIAL ARE AVAILABLE TO MULTI-FAMILY HOUSING PROFESSIONALS TO ADVANCE THEIR EDUCATION AND KNOWLEDGE IN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Cozewith Director Workforce Development | 37.5 | $172,808 | |
Tina Briskin Director Certification | 37.5 | $144,551 | |
Pamela Weber Naaei Vice President | OfficerTrustee | 37.5 | $46,263 |
Robert Pinnegar Naa President & CEO | OfficerTrustee | 12.5 | $0 |
Greg Cerbana Naaei President | OfficerTrustee | 7.5 | $0 |
Ronda Puryear Naaei Secretary/treasurer | OfficerTrustee | 7.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reingold Inc Website Development | 12/30/21 | $462,779 |
Scantron Exam Testing Svcs | 12/30/21 | $240,667 |
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 | $87,740 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,740 |
| Total Program Service Revenue | $2,513,795 |
| Investment income | $135,519 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,407 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $995,582 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,836,567 |
| 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. | $51,528 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $847,888 |
| Pension plan accruals and contributions | $20,559 |
| Other employee benefits | $110,347 |
| Payroll taxes | $54,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,189 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,079 |
| Fees for services: Other | $1,326,377 |
| Advertising and promotion | $150,468 |
| Office expenses | $167,492 |
| Information technology | $3,360 |
| Royalties | $0 |
| Occupancy | $43,555 |
| Travel | $32,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,951 |
| Interest | $0 |
| Payments to affiliates | $315,352 |
| Depreciation, depletion, and amortization | $73,956 |
| Insurance | $17,500 |
| All other expenses | $0 |
| Total functional expenses | $3,708,790 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $666,396 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,072 |
| Accounts receivable, net | $174,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $67,684 |
| Prepaid expenses and deferred charges | $21,268 |
| Net Land, buildings, and equipment | $17,888 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,613,970 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $20,145 |
| Total assets | $7,583,761 |
| Accounts payable and accrued expenses | $370,658 |
| Grants payable | $0 |
| Deferred revenue | $353,225 |
| 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 | $33,654 |
| Total liabilities | $757,537 |
| Net assets without donor restrictions | $2,545,442 |
| Net assets with donor restrictions | $4,280,782 |
| 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 | $7,583,761 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Apartment Association Education Institute has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Houston Apartment Association Houston, TX PURPOSE: CAPITAL CAMPAIGN | $15,000 |
Endowment Analysis
| Beg. Balance | $1,452,098 |
| Earnings | $110,334 |
| Admin Expense | $3,400 |
| Ending Balance | $1,559,032 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |
National Association For The Education Of Young Children Washington, DC | $62,448,452 | $19,211,047 |
National Association Of Student Personnel Administrators Inc Washington, DC | $24,499,016 | $16,009,937 |
National Association Of College And Washington, DC | $30,694,720 | $19,712,645 |
American Association Of Colleges And Universities Washington, DC | $16,161,995 | $12,506,275 |
Virginia Education Association Inc Richmond, VA | $23,884,810 | $14,278,542 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
American Association Of Collegiate Registrars And Admissions Officers Washington, DC | $20,186,946 | $8,014,604 |