Nace International Foundation
- Assets
- $2.1m
- Revenue
- $364.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 12/2002
- Data as of
- 06/2021
- EIN
- 68-0517788
Organization Overview
Nace International Foundation is located in Houston, TX. The organization was established in 2002. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nace International 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 06/2021, Nace International Foundation generated $364.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.9%) each year. All expenses for the organization totaled $303.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 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
SCHOLARSHIP PROGRAM, WORKFORCE DEVELOPMENT PROGRAM, CKIT PROGRAM/ASM CAMPS FOR TEACHERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES RELATED TO THE 2021 CORROSION CONFERENCE HOSTED BY AMPP GLOBAL CENTER, INC., FORMERLY KNOWN AS NACE INTERNATIONAL. AWARDED 50 SCHOLARSHIPS TO STUDENTS WHO ARE STUDYING CORROSION.
THESE CAMPS PROVIDE HIGH SCHOOL TEACHERS CORROSION EXPERIMENTS AND MATERIALS TO TAKE BACK TO THE CLASSROOM, STUDENTS AND OTHER TEACHERS. 5 CKITS WERE DISTRIBUTED TO TEACHERS DURING THESE CAMPS WHICH POTENTIALLY REACHED 125 HIGH SCHOOL STUDENTS.
EDUCATED AND RECRUITED 14 VETERANS FOR THE WORK FORCE PROGRAM UTILIZING 24 COURSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Russell Norris Treasurer | OfficerTrustee | 2 | $0 |
Kim Ray Executive Director | OfficerTrustee | 38.75 | $0 |
Norm Byrne Vice President | OfficerTrustee | 2 | $0 |
Matt Schmidt President | OfficerTrustee | 2 | $0 |
Lawrence Rearick Director | Trustee | 0.5 | $0 |
Bryan Louque Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,310 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $270,073 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $275,383 |
| Total Program Service Revenue | $0 |
| Investment income | $7,884 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $31,570 |
| Net Income from Fundraising Events | $49,420 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $312 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $364,569 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $116,617 |
| 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 | $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 | $4,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,554 |
| Fees for services: Other | $135,008 |
| Advertising and promotion | $0 |
| Office expenses | $1,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,030 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,779 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,019 |
| All other expenses | $0 |
| Total functional expenses | $303,787 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,016 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $103,606 |
| Accounts receivable, net | $0 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $1,411,998 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,321 |
| Total assets | $2,121,941 |
| Accounts payable and accrued expenses | $12,158 |
| Grants payable | $0 |
| Deferred revenue | $56,560 |
| 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 | $0 |
| Total liabilities | $68,718 |
| Net assets without donor restrictions | $2,001,757 |
| Net assets with donor restrictions | $51,466 |
| 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 | $2,121,941 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nace International Foundation has recieved totaling $39,996.
| Awarding Organization | Amount |
|---|---|
Ampp Global Center Inc Houston, TX PURPOSE: GENERAL GRANT FOR PREVENTION STUDY | $39,996 |
Endowment Analysis
| Beg. Balance | $124,726 |
| Ending Balance | $124,726 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Education Service Center Region Xiii Austin, TX | $57,202,932 | $81,882,395 |
Life School Of Dallas Red Oak, TX | $119,776,308 | $72,202,880 |
Austin Achieve Public Schools Inc Austin, TX | $59,873,760 | $31,154,261 |
National Math And Science Initiative Inc Dallas, TX | $26,216,573 | $26,013,416 |
Wayside Schools Austin, TX | $44,220,999 | $24,827,897 |
Arkansas Connections Academy Inc Bentonville, AR | $3,114,083 | $20,599,824 |
Heritage Hall Oklahoma City, OK | $29,893,924 | $20,863,460 |
Austin Trinity School Austin, TX | $48,197,793 | $16,908,197 |
Arlington Classics Academy Arlington, TX | $32,317,939 | $15,087,121 |
Northlake Christian School Covington, LA | $15,559,549 | $15,961,975 |
Texas Coalition For Animal Protection Fort Worth, TX | $9,140,859 | $14,917,183 |
Covenant Knights School Dallas, TX | $65,440,145 | $15,652,987 |