National Association Of Development Organizations Research Foundation
- Assets
- $622.5k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 12
- Location
- Washington, DC
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 52-1602517
Organization Overview
National Association Of Development Organizations Research Foundation, operating under the name NADO Research Foundation, is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, NADO Research Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NADO Research Foundation 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, NADO Research Foundation generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 4.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
EDUCATION, RESEARCH AND TRAINING FOR REGIONAL DEVELOPMENT ORGANIZATIONS- SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSPORTATION INITIATIVES - TO PROMOTE STRONGER INTEGRATION OF REGIONAL TRANSPORTATION AND ECONOMIC DEVELOPMENT PLANNING AND INVESTMENTS TO IMPROVE THE NATION'S ECONOMIC COMPETITIVENESS.
RESILIENT REGIONS: IN PARTNERSHIP WITH RUPRI AND THE U.S. ECONOMIC DEVELOPMENT ADMINISTRATION (EDA), NADO IS WORKING TO ASSIST REGIONS IN TAKING A MORE PRO-ACTIVE APPROACH TO PRE-DISASTER PREPAREDNESS AND POST-DISASTER ECONOMIC RECOVERY. THROUGH PARTNERSHIPS AND TRAINING, NADO IS WORKING WITH REGIONAL DEVELOPMENT ORGANIZATIONS (RDOS) AND OTHER PARTNERS TO EXPLORE METHODS TO HASTEN POST-DISASTER ECONOMIC RECOVERY AND REDUCE THE LONG-TERM FINANCIAL BURDEN OF DISASTERS (NATURAL DISASTERS AS WELL AS ECONOMIC DISASTERS) ON IMPACTED COMMUNITIES, BUSINESSES, AND INDIVIDUALS.
ORGANIZATIONAL CAPACITY AND PROFESSIONAL DEVELOPMENT: TRAINING WEBINARS PROVIDE AN IN-DEPTH LOOK AT THE LATEST NEWS AND TRENDS AFFECTING REGIONAL DEVELOPMENT ORGANIZATION MANAGEMENT, STAFFING, AND REPORTING. TOPICS INCLUDE ACCOUNTING STANDARDS, BOARD ENGAGEMENT, NEW EXECUTIVE DIRECTOR TRAINING, SOCIAL MEDIA STRATEGIES, AND MUCH MORE. EACH WEBINAR IS LED BY AN EXPERT IN THE FIELD WHO WILL PROVIDE BEST PRACTICES AND EXAMPLES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurie Thompson Deputy Executive Director | 35 | $126,682 | |
Joe C Mckinney Executive Director | Officer | 2 | $11,051 |
Matthew Dolge Secretary | OfficerTrustee | 2 | $0 |
Chris Fetzer President | OfficerTrustee | 2 | $0 |
Rick Hunsaker Treasurer | OfficerTrustee | 2 | $0 |
Kevin Byrd Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
State Services Organization Government Service | 12/30/16 | $183,238 |
Tate & Tryon Accounting Services | 12/30/16 | $134,842 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,274,967 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,274,967 |
| Total Program Service Revenue | $51,745 |
| Investment income | $320 |
| 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 | $1,328,032 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $442,202 |
| 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. | $14,658 |
| Compensation of current officers, directors, key employees. | $2 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $395,428 |
| Pension plan accruals and contributions | $26,421 |
| Other employee benefits | $72,641 |
| Payroll taxes | $31,219 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $76,187 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $216,596 |
| Advertising and promotion | $0 |
| Office expenses | $11,765 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,427 |
| Total functional expenses | $1,309,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $169,620 |
| Pledges and grants receivable | $418,707 |
| Accounts receivable, net | $9,861 |
| 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 | $24,360 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $622,548 |
| Accounts payable and accrued expenses | $17,029 |
| Grants payable | $164,033 |
| Deferred revenue | $6,900 |
| 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 | $210,994 |
| Total liabilities | $398,956 |
| Net assets without donor restrictions | $223,592 |
| Net assets with donor restrictions | $0 |
| 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 | $622,548 |
Grants Awarded
Over the last fiscal year, National Association Of Development Organizations Research Foundation has awarded $442,202 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA STATE UNIVERSITY PURPOSE: Subaward- USDA Rural Business Development Grant | $375,055 |
Woburn, MA PURPOSE: Subaward- USDA Rural Business Development Grant | $67,147 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Association Of Development Organizations Research Foundation has recieved totaling $31,076.
| Awarding Organization | Amount |
|---|---|
National Association Of Counties Research Foundation Washington, DC PURPOSE: PROGRAM SUPPORT | $19,076 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT | $12,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
National Skills Coalition Washington, DC | $13,426,049 | $8,828,304 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Salisbury Wicomico Economic Development Inc Salisbury, MD | $1,249,911 | $5,424,669 |
Tri-County Council For Southern Maryland Hughesville, MD | $3,701,278 | $4,380,488 |
Alexandria Convention And Visitors Association Inc Alexandria, VA | $744,565 | $3,884,098 |
Hampton Roads Economic Development Alliance Norfolk, VA | $4,122,075 | $4,031,039 |
Roanoke Valley Convention And Vis- Itors Bureau Roanoke, VA | $3,438,389 | $4,197,074 |
Center For Regional Economic Competitiveness Arlington, VA | $2,322,711 | $4,691,900 |
Washington Dc Economic Partnership Washington, DC | $2,408,319 | $3,068,636 |