Naifa-Florida Inc
- Assets
- $528.1k
- Revenue
- $491.1k
- Investments
- $0.0
- Employees
- 4
- Location
- Cedar Falls, IA
- Founding
- 08/1965
- Data as of
- 12/2023
- EIN
- 59-0856103
Organization Overview
Naifa-Florida Inc is located in Cedar Falls, IA. The organization was established in 1965. According to its NTEE Classification (A01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Naifa-Florida Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Naifa-Florida Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Naifa-Florida Inc generated $491.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.4%) each year. All expenses for the organization totaled $562.6k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NAIFA-FLORIDA, INC. PROMOTES EDUCATION AND PROFSSSIONALISM IN PREPARATION FOR LICENSING EXAMINATIONS AND MAINTENANCE OF CONTINUING EDUCATION REQUIRED BY FLORIDA LAW.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE EDUCATION AND PROFESSIONALISM IN PREPARATION FOR LICENSING EXAMINATION AND MAINTENANCE OF CONTINUING EDUCATION REQUIRED BY FLORIDA LAW.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Ashley CEO | Officer | 40 | $88,100 |
Tom Henry Director | Trustee | 2 | $0 |
Glenn Ritchie Director | Trustee | 2 | $0 |
Tim Holladay Director | Trustee | 2 | $0 |
Grace Staten Director | Trustee | 2 | $0 |
Peachie Thompson Director | Trustee | 2 | $0 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $488,858 |
| Investment income | $9,313 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,471 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $491,079 |
| 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. | $88,100 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $101,340 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,731 |
| Payroll taxes | $15,220 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,700 |
| Fees for services: Lobbying | $86,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,223 |
| Fees for services: Other | $5,726 |
| Advertising and promotion | $1,351 |
| Office expenses | $21,662 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,789 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $526 |
| Insurance | $11,195 |
| All other expenses | $4,119 |
| Total functional expenses | $562,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,102 |
| Savings and temporary cash investments | $61,161 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $36,891 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,405 |
| Prepaid expenses and deferred charges | $1,017 |
| Net Land, buildings, and equipment | $1,060 |
| Investments—publicly traded securities | $363,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $528,131 |
| Accounts payable and accrued expenses | $69,744 |
| Grants payable | $0 |
| Deferred revenue | $57,719 |
| 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 | $61,148 |
| Total liabilities | $188,611 |
| Net assets without donor restrictions | $339,520 |
| 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 | $528,131 |