National Association Of State Procurement Officials
- Assets
- $154.3m
- Revenue
- $34.7m
- Investments
- $0.0
- Employees
- 103
- Location
- Lexington, KY
- Founding
- 02/1994
- Data as of
- 12/2023
- EIN
- 61-1227864
Organization Overview
National Association Of State Procurement Officials is located in Lexington, KY. The organization was established in 1994. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, National Association Of State Procurement Officials employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of State Procurement Officials 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, National Association Of State Procurement Officials generated $34.7m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $24.3m during the year ending 12/2023. While expenses have increased by 10.0% 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.
Since 2018, National Association Of State Procurement Officials has awarded 42 individual grants totaling $712,387. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE GOVERNMENT EXCELLENCE BY DELIVERING SUPERIOR PROCUREMENT SOLUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COOPERATIVE PURCHASING - OFFERING A MEMBER LEAD COOPERATIVE PURCHASING PROGRAM, TO ADDRESS THE NEEDS OF MEMBER STATES AND DELIVER BEST VALUE CONTRACTS FOR THE BENEFIT OF THE PUBLIC. PROVIDED STATES WITH NO ADMINISTRATIVE FEE CONTRACTS FOR PUBLIC INTEREST GOODS SUCH AS WIC INFANT FORMULA.
RESEARCH AND INNOVATION - EVERY YEAR, R&I PRODUCES FOR MEMBER STATES A TOP 10 PRIORITIES BASED ON A SURVEY OF MEMBER STATES. THESE PRIORITIES DRIVE THE EDUCATIONAL OPPORTUNITIES NASPO OFFERS THROUGH OUT THE YEAR. THE RESEARCH AND INNOVATION TEAM SUPPORTS THE DEVELOPMENT AND ADMINISTRATION OF THE PROCUREMENT PULSE BLOG. THESE OUTLETS PROVIDE TOPICAL EDUCATION TO PROCUREMENT PROFESSIONALS. THE RESEARCH TEAM DEVELOPED AND DELIVERED PUBLICATIONS AND WEBINARS THAT WERE FREE AND OPEN TO ALL PUBLIC PROCUREMENT PROFESSIONALS. COMPLIMENTARY ENTRY FOR ALL STATE MEMBERS TO ACCESS HUNDREDS OF MARKET RESEARCH REPORTS AND SERVICES THROUGH PROCUREMENT IQ AS PART OF THEIR NASPO MEMBERSHIP. REPORTS AVAILABLE THROUGH PROCUREMENT IQ COVER PRICE TRENDS, MARKET CHARACTERISTICS, NEGOTIATION QUESTIONS, KEY RFP ELEMENTS, AND MORE. NASPO PROVIDES COMPLIMENTARY FOR ALL MEMBERS TO GOVWIN. THIS MARKET RESEARCH TOOL PROVIDES ACCESS TO 1.9 MILLION COMPANY PROFILES, HELPING MEMBER RESEARCH AND QUALIY BIDDERS BY EXAMING TRACK RECORDS IN CONTRACING WITH OTHRE GOVERNMENTAL ENTITIES. AS PART OF THEIR NASPO MEMBERSHIP, ALL STATE MEMBERS HAVE COMPLIMENTARY ACCESS TO HUNDREDS OF MARKET RESEARCH REPORTS AND SERVICES THROUGH PROCUREMENT IQ. REPORTS AVALIABLE THROUGH PROCUREMENT IQ COVER PRICE TRENDS, MARKET CHARACTERISTICS, NEGOTITATION QUESTIONS, KEY RFP ELEMENTS, AND MORE.
PROFESSIONAL DEVELOPMENT - NASPO OFFERS A MULTI-FACETED EDUCATION PLATFORM FOR MEMBERS AND OTHER STATE AND LOCAL GOVERNMENT PROCUREMENT PROFESSIONALS. PROCUREMENT U PROVIDES TRAINING, PUBLICATIONS, AND CERTIFICATION EXAM SUPPORT. TO SUPPORT STATES, NASPO ALSO OFFERS A PROFESSIONAL DEVELOPMENT FUND TO SUPPORT THE PROFESSIONAL GROWTH OF STATE PROCUREMENT PROFESSIONALS. CONDUCTED INSTRUCTOR LED TRAININGS TOTALING OVER 36,000 CONTACT HOURS AT NO COST.PROCUREMENT U PARTNERED WITH SEVERAL NATIONALLY ACCLAIMED UNIVERSITIES TO HELP DEVELOP CURRICULUM AROUND PUBLIC PROCUREMENT. PROCUREMENT U PROVIDED ALL NASPO DEVELOPED COURSES FREE OF CHARGE TO THE PUBLIC. THE PROFESSIONAL DEVELOPMENT PROGRAM DEVELOPED EDUCATIONAL SESSIONS FOR ALL FIVE NASPO CONFERENCES. THESE SESSONS INCLUDED A MIXTURE OF PRESENTATIONS BY SUBJECT MATTER EXPERTS AND PEER TO PEER LEARNING. TO ADDRESS WORKFORCE SHORTAGES IN STATES, NASPO ADMINISTERS AN INTERNSHIP PROGRAM IN PARTNERSHIP WITH LEADING SUPPLY CHAIN MANAGEMENT PROGRAMS ACROSS THE COUNTRY. LAUNCHED THE REPOSITORY OF STATE PRACTICES, A DATABASE OF STATE PROCUREMENT STATUTES, REGULATIONS, AND POLICIES.
CONFERENCES - CONFERENCES ARE AN INTEGRAL PART OF THE ORGANIZATION BY ALLOWING MEMBERS TO SHARE "BEST PRACTICES AND LEARN NEW SKILLS. NASPO PROVIDES OUR CONFERENCES AT NO COST TO OUR MEMBERS BECAUSE OF THE IMPORTANCE OF BRINGING TOGETHER OUR MEMBERS AND PARTNERS.HOSTED OVER TWENTYFIVE CONFERENCES AND EVENTS OUR CONFERENCES ALSO HOST A NASPO CARES EVENT IN WHICH MEMBERS AND STAFF PARTICIPATE IN PROJECTS TO GIVE BACK TO LOCAL COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delbert Singleton President | OfficerTrustee | 1 | $0 |
Valarie Bollinger President-Elect | OfficerTrustee | 1 | $0 |
Steven Berg Secretary/treasurer | OfficerTrustee | 1 | $0 |
Deborah Damore Past President | OfficerTrustee | 1 | $0 |
Angela Shell Director | Trustee | 1 | $0 |
Mike Perry Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marc Ryan Hatton Professional Services | 12/30/23 | $153,863 |
Ibisworld Inc Professional Services | 12/30/23 | $377,856 |
Es Barr & Co Investment Management | 12/30/23 | $260,220 |
Madison Investments Ii Rent | 12/30/23 | $113,912 |
Absord Software | 12/30/23 | $127,134 |
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 | $31,414,664 |
| Investment income | $2,767,574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $468,119 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,650,357 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $164,246 |
| Grants and other assistance to domestic individuals. | $189,631 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,183,023 |
| Compensation of current officers, directors, key employees. | $1,158,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,555,898 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $352,410 |
| Payroll taxes | $613,150 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,881 |
| Fees for services: Accounting | $50,534 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $371,396 |
| Fees for services: Other | $420,773 |
| Advertising and promotion | $549,951 |
| Office expenses | $99,435 |
| Information technology | $1,175,452 |
| Royalties | $0 |
| Occupancy | $96,841 |
| Travel | $2,694,488 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,795,501 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $79,824 |
| Insurance | $104,800 |
| All other expenses | $1,261,485 |
| Total functional expenses | $24,288,176 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,231,246 |
| Savings and temporary cash investments | $4,662,713 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,077,821 |
| 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 | $523,105 |
| Net Land, buildings, and equipment | $314,314 |
| Investments—publicly traded securities | $129,269,877 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $202,975 |
| Other assets | $1,026,296 |
| Total assets | $154,308,347 |
| Accounts payable and accrued expenses | $4,466,547 |
| Grants payable | $0 |
| Deferred revenue | $586,170 |
| 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 | $1,026,295 |
| Total liabilities | $6,079,012 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $148,229,335 |
| 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 | $154,308,347 |
Grants Awarded
Over the last fiscal year, National Association Of State Procurement Officials has awarded $163,636 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH OF MASSACHUSETTS PURPOSE: INTERNSHIP GRANT | $19,500 |
STATE OF COLORADO PURPOSE: INTERNSHIP GRANT | $20,000 |
STATE OF MAINE PURPOSE: INTERNSHIP GRANT | $20,000 |
STATE OF NORTH CAROLINA PURPOSE: INTERNSHIP GRANT | $20,000 |
STATE OF IOWA PURPOSE: INTERNSHIP GRANT | $20,000 |
STATE OF OREGON PURPOSE: INTERNSHIP GRANT | $20,000 |