National Apartment Association Education Institute
- Assets
- $6.9m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 8
- Location
- Arlington, VA
- Founding
- 07/1987
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, National Apartment Association Education Institute generated $3.7m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 8 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
PROVIDE BROAD-BASED EDUCATION, TRAINING & RECRUITMENT PROGRAMS IN THE APARTMENT INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAAEI'S MAIN ACTIVITY 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 |
|---|---|---|---|
Robert Pinnegar Naa President & CEO | OfficerTrustee | 12.5 | $0 |
Amy Groff Naa COO | Officer | 5 | $0 |
Larissa Teelucksingh Naa Svp, Finance | Officer | 5 | $0 |
Pamela Weber Naaei Vice President | OfficerTrustee | 37.5 | $176,877 |
Sara Keene - Director Prof Development & Member Programs | 16.88 | $52,653 | |
Terreline Sims Director, Workforce Development | 37.5 | $103,130 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reingold Inc Website Maint. & Digital Advertising | 12/30/22 | $488,636 |
Scantron Corporation Exam Testing Services | 12/30/22 | $129,335 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,639 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,639 |
| Total Program Service Revenue | $2,265,390 |
| Investment income | $147,268 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $1,222,408 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,717,113 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,400 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,874 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,765 |
| Pension plan accruals and contributions | $21,371 |
| Other employee benefits | $91,972 |
| Payroll taxes | $58,495 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,186 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,187 |
| Fees for services: Other | $1,398,407 |
| Advertising and promotion | $157,595 |
| Office expenses | $109,590 |
| Information technology | $3,380 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $55,720 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $188,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,130 |
| Insurance | $16,084 |
| All other expenses | $0 |
| Total functional expenses | $3,493,155 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $339,020 |
| Savings and temporary cash investments | $23,618 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $186,298 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $76,108 |
| Prepaid expenses and deferred charges | $19,364 |
| Net Land, buildings, and equipment | $119,115 |
| Investments—publicly traded securities | $6,113,103 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,876,626 |
| Accounts payable and accrued expenses | $368,865 |
| Grants payable | $0 |
| Deferred revenue | $366,428 |
| 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 | $205,207 |
| Total liabilities | $940,500 |
| Net assets without donor restrictions | $2,522,422 |
| Net assets with donor restrictions | $3,413,704 |
| 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 | $6,876,626 |