Natso Foundation Inc
- Assets
- $2.9m
- Revenue
- $281.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 03/1990
- Data as of
- 12/2021
- EIN
- 54-1519317
Organization Overview
Natso Foundation Inc is located in Alexandria, VA. The organization was established in 1990. According to its NTEE Classification (F20) the organization is classified as: Substance Abuse Dependency, Prevention & Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Natso Foundation Inc 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, Natso Foundation Inc generated $281.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $315.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) 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
SEE SCHEDULE O.THE FOUNDATION PROGRAMS INCLUDE AN INDUSTRY SCHOLARSHIP, RESEARCH STUDIES, TRAINING MANUAL AND OTHER CHARITABLE CAUSES THAT INVOLVE ISSUES OF SIGNIFICANCE TO THE TRAVEL PLAZA AND TRUCK STOP INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE RESEARCH PROGRAM PRODUCED AN E-NEWSLETTER THAT BENEFITTED AND INFORMED THE INDUSTRY. THE E-NEWSLETTER IS PREPARED BY AN EDITOR EMPLOYED BY THE FOUNDATION, AND IT IDENTIFIES ISSUES AND NEWS THAT AFFECT THE INDUSTRY. THE PROGRAM RAISED A SMALL AMOUNT OF REVENUE VIA AD SALES.
THE FOUNDATION PROVIDES SPEAKER AT NATSO CONNECT. THE SPEAKERS ARE CHOSEN FOR THEIR ABILITY TO ASSIST TRAVEL PLAZA AND TRUCK STOP OWNERS AND MANAGEMENT IN ACHIEVING EXCELLENCE FOR THEIR INDUSTRY, CUSTOMERS, COMMUNITIES, AND SOCIETY. THE FOUNDATION ALSO AWARDS COLLEGE SCHOLARSHIPS ON AN ANNUAL BASIS.
STOPWATCH MAGAZINE IS THE OFFICIAL MEMBER MAGAZINE DISTRIBUTED QUARTERLY TO TRUCKSTOP AND TRAVEL PLAZA OWNERS AND OPERATORS. IT PROVIDES IN DEPTH CONTENT TO ASSIST MEMBERS IMPROVE THEIR TRAVEL PLAZA BUSINESS OPERATIONS AS WELL AS PROVIDE CONTEXT ON TRENDS AND NEWS AFFECTING THE INDUSTRY.
WEB AND SOCIAL MEDIA - THE FOUNDATION PRODUCES TOOLS TO ASSIST TRAVEL PLAZAS IN BETTER SERVING THEIR CUSTOMERS, SUCH AS THE TRUCK PARKING APP AND WEBSITE EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Mullings President | OfficerTrustee | 5 | $0 |
Heather Debaillie Chairman | OfficerTrustee | 0.5 | $0 |
Jimmy Haslam Secretary/treasurer | OfficerTrustee | 1 | $0 |
Bob Bolduc Director, Ex Officio | Trustee | 0.5 | $0 |
Norka Rodriguez Director | Trustee | 0.5 | $0 |
Emily Smith Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,075 |
| Investment income | $53,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $88,313 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $281,301 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $25,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $9,117 |
| Fees for services: Other | $161,497 |
| Advertising and promotion | $0 |
| Office expenses | $19,335 |
| Information technology | $18,935 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,065 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,905 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $315,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $42,491 |
| Pledges and grants receivable | $17,000 |
| Accounts receivable, net | $21,500 |
| 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 | $0 |
| Investments—publicly traded securities | $2,783,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,866,213 |
| Accounts payable and accrued expenses | $18,541 |
| Grants payable | $0 |
| Deferred revenue | $36,000 |
| 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 | $20,960 |
| Total liabilities | $75,501 |
| Net assets without donor restrictions | $232,284 |
| Net assets with donor restrictions | $2,558,428 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $2,790,712 |