National Association Of Development Organizations Research Foundation
- Assets
- $1.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 04/1989
- Data as of
- 12/2023
- 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. 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 12/2023, NADO Research Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $2.4m during the year ending 12/2023. While expenses have increased by 10.4% per year over the past 9 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
2023
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
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Brown President | OfficerTrustee | 2 | $0 |
Charlie Baker Treasurer | OfficerTrustee | 2 | $0 |
Nicole Griensewic Secretary | OfficerTrustee | 2 | $0 |
Rick Hunsaker Director | Trustee | 2 | $0 |
Matthew Dolge Director | Trustee | 2 | $0 |
Chris Fetzer 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 | $2,224,521 |
| 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 | $2,224,521 |
| Total Program Service Revenue | $137,450 |
| Investment income | $719 |
| 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 | $2,362,690 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $357,280 |
| 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. | $13,188 |
| Compensation of current officers, directors, key employees. | $487 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $915,491 |
| Pension plan accruals and contributions | $63,868 |
| Other employee benefits | $141,604 |
| Payroll taxes | $71,049 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $85,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $139,037 |
| Advertising and promotion | $0 |
| Office expenses | $48,253 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $73,638 |
| Travel | $103,143 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $379,780 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,392,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $406,023 |
| Pledges and grants receivable | $1,035,623 |
| Accounts receivable, net | $6,100 |
| 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 | $8,587 |
| 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 | $1,456,333 |
| Accounts payable and accrued expenses | $31,888 |
| Grants payable | $211,616 |
| 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 | $0 |
| Other liabilities | $1,017,587 |
| Total liabilities | $1,261,091 |
| Net assets without donor restrictions | $195,242 |
| 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 | $1,456,333 |
Grants Awarded
Over the last fiscal year, National Association Of Development Organizations Research Foundation has awarded $357,280 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTANA STATE UNIVERSITY PURPOSE: Subaward | $347,280 |
UNIVERSITY ECONOMIC DEVELOPMENT ASSOCIATION INC PURPOSE: Subaward | $10,000 |