National Association Of State Retirement Administrators
- Assets
- $1.8m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 5
- Location
- Lexington, KY
- Founding
- 07/1998
- Data as of
- 12/2022
- EIN
- 63-0734788
Organization Overview
National Association Of State Retirement Administrators is located in Lexington, KY. The organization was established in 1998. As of 12/2022, National Association Of State Retirement Administrators employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Association Of State Retirement Administrators 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 12/2022, National Association Of State Retirement Administrators generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EDUCATE STATE RETIREMENT ADMINISTRATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION HOLDS AN ANNUAL NATIONAL CONVENTION OF ADMINISTRATORS, STAFF, AND BOARD MEMBERS OF STATE EMPLOYEES RETIREMENT SYSTEMS TO PROVIDE TRAINING AND UPDATES ON RECENT DEVELOPMENTS.
MISCELLANEOUS PROGRAM SERVICES
THE ASSOCIATION CONDUCTS RESEARCH ACTIVITIES AND PROVIDES REPORTS ON VARIOUS ISSUES RELATED TO STATE RETIREMENT SYSTEM ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Drum Immediate Past President | OfficerTrustee | 6 | $0 |
Frank Karpinski President | OfficerTrustee | 10 | $0 |
Trish Bishop President-Elect | OfficerTrustee | 8 | $0 |
Dan Anderson First Vice President | OfficerTrustee | 6 | $0 |
Brian Guthrie Second Vice President | OfficerTrustee | 6 | $0 |
Karen Carraher Region I Vice President | Trustee | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coast To Coast Conferences & Events Event Services | 12/30/22 | $113,157 |
Westin Long Beach Event Services | 12/30/22 | $202,561 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,084,530 |
| 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 | $1,084,530 |
| Total Program Service Revenue | $711,045 |
| Investment income | $26,546 |
| 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 | $1,865,242 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $876,102 |
| Pension plan accruals and contributions | $126,949 |
| Other employee benefits | $12,970 |
| Payroll taxes | $55,556 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $104,873 |
| Information technology | $8,727 |
| Royalties | $0 |
| Occupancy | $16,824 |
| Travel | $7,921 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $551,981 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,881,061 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $397,348 |
| Savings and temporary cash investments | $1,309,127 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,008 |
| 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 | $16,962 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $63,323 |
| Total assets | $1,794,768 |
| Accounts payable and accrued expenses | $79,816 |
| Grants payable | $0 |
| Deferred revenue | $533,900 |
| 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 | $70,478 |
| Total liabilities | $684,194 |
| Net assets without donor restrictions | $1,110,574 |
| 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 | $1,794,768 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Kentucky Association Of Counties Inc Frankfort, KY | $23,140,762 | $8,635,521 |
North East Multi-Regional Training Inc North Aurora, IL | $3,064,102 | $3,538,321 |
National Association Of State Retirement Administrators Lexington, KY | $1,794,768 | $1,865,242 |
Indiana Association Of Building Officials Inc Westfield, IN | $174,734 | $0 |
Corbin City Hall Public Corporation Corbin, KY | $0 | $0 |