National Association Of Convenience Stores Inc
- Assets
- $81.1m
- Revenue
- $56.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Alexandria, VA
- Founding
- 02/1963
- Data as of
- 12/2021
- EIN
- 95-2237749
Organization Overview
National Association Of Convenience Stores Inc, operating under the name Nacs, is located in Alexandria, VA. The organization was established in 1963. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Nacs employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nacs 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 12/2021, Nacs generated $56.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $37.2m during the year ending 12/2021. While expenses have increased by 2.2% per year over the past 7 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 2014, Nacs has awarded 21 individual grants totaling $4,619,929. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
NACS HOLDS SEVERAL CONFERENCES AND EXHIBITS TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY. THE NACS SHOW IS THE PREMIER EXPO AND CONVENTION FOR THE CONVENIENCE AND FUEL RETAILING INDUSTRY, PRESENTING NUMEROUS EXHIBITS, WORKSHOPS, AND NETWORKING OPPORTUNITIES.
NACS' GOVERNMENT RELATIONS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF NACS, LOBBYING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES ON ISSUES RELATING TO THE CONVENIENCE AND FUEL RETAILING INDUSTRY AS WELL AS KEEPING MEMBERS AND OTHER INTERESTED PARTIES UPDATED ON IMPORTANT LEGISLATIVE ISSUES.
MEMBERSHIP REPRESENTS ACTIVITIES TO LEAD THE STRATEGIC DIRECTION OF MEMBERSHIP DEVELOPMENT, CUSTOMER INVOLVEMENT AND SATISFACTION, INDUSTRY IMAGE, AND THE IMPACT OF THESE DIRECTIONS ON INDUSTRY PERFORMANCE. INCLUDED WITHIN MEMBERSHIP ARE MEMBERSHIP DUES AS WELL AS PROGRAMMING AND EDUCATIONAL EVENTS THROUGHOUT THE YEAR. NACS HOLDS SEVERAL CONFERENCES TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY AS WELL AS VARIOUS EDUCATIONAL TOPICS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Armour President & CEO | OfficerTrustee | 39 | $3,385,789 |
Lyle K Beckwith Sr. V.p., Government Relat | Officer | 40 | $705,074 |
Brian Kimmel Executive Vice President, COO & CFO | Officer | 39 | $681,750 |
Lori Buss Stillman V.p., Research | Officer | 40 | $461,424 |
Robert J Hughes V.p., Supplier Relations & Expositions | Officer | 40 | $383,626 |
Michael J Davis Vice President, Member Services | Officer | 39 | $372,927 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Steptoe & Johnson Llp Legal Services | 12/30/21 | $1,218,577 |
Digital Bazaar Inc Internet Technology Consulting | 12/30/21 | $860,220 |
Royle Printing Printing Services | 12/30/21 | $415,175 |
Massachusetts Institute Of Technology Sl Innovation Leadership Program | 12/30/21 | $393,000 |
Protech Associates Inc Ams System | 12/30/21 | $385,082 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $960,239 |
| 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 | $960,239 |
| Total Program Service Revenue | $50,432,693 |
| Investment income | $1,709,048 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$228,310 |
| Net Gain/Loss on Asset Sales | $3,927,192 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $56,800,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,770,803 |
| 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. | $8,325,240 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,505,068 |
| Pension plan accruals and contributions | $286,308 |
| Other employee benefits | $820,471 |
| Payroll taxes | $1,496,059 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $444,143 |
| Fees for services: Accounting | $84,390 |
| Fees for services: Lobbying | $1,187,051 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $289,922 |
| Fees for services: Other | $940,985 |
| Advertising and promotion | $831,878 |
| Office expenses | $680,492 |
| Information technology | $1,077,467 |
| Royalties | $0 |
| Occupancy | $740,667 |
| Travel | $1,302,644 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,858,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $266,291 |
| Insurance | $234,126 |
| All other expenses | -$154,752 |
| Total functional expenses | $37,239,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,312,859 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,290,700 |
| 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 | $2,006,873 |
| Net Land, buildings, and equipment | $10,680,057 |
| Investments—publicly traded securities | $59,759,058 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,082,000 |
| Total assets | $81,131,547 |
| Accounts payable and accrued expenses | $7,566,260 |
| Grants payable | $0 |
| Deferred revenue | $5,295,635 |
| 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 | $12,861,895 |
| Net assets without donor restrictions | $68,269,652 |
| 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 | $81,131,547 |
Grants Awarded
Over the last fiscal year, National Association Of Convenience Stores Inc has awarded $1,770,803 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Alexandria, VA PURPOSE: SUPPORT FOR PROGRAM SERVICES | $1,400,073 |
Alexandria, VA PURPOSE: SUPPORT FOR PROGRAM SERVICES | $200,000 |
MERCHANTS PAYMENTS COALITION INC PURPOSE: SUPPORT FOR ADVOCACY FOR FAIR SWIPE FEES AND TRANSPARENT PAYMENTS SYSTEM. | $150,000 |
Alexandria, VA PURPOSE: SUPPORT FOR PROGRAM SERVICES | $20,730 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Association Of Convenience Stores Inc has recieved totaling $960,239.
| Awarding Organization | Amount |
|---|---|
The Nacs Foundation Alexandria, VA PURPOSE: PROGRAM SUPPORT | $960,239 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Bankers Association Washington, DC | $263,742,289 | $140,712,476 |
National Restaurant Association Washington, DC | $192,667,812 | $96,146,955 |
American Association Of State Highway & Transportation Officials Washington, DC | $177,160,624 | $97,013,353 |
National Federation Of Independent Business Inc Nashville, TN | $77,203,691 | $109,079,617 |
American Beverage Association Washington, DC | $114,967,236 | $101,585,081 |
Credit Union National Association Inc Washington, DC | $67,388,582 | $69,543,852 |
Edison Electric Institute Washington, DC | $198,917,565 | $81,084,181 |
Investment Company Institute Washington, DC | $76,230,571 | $72,478,404 |
Packaging Machinery Manufacturers Institute Inc Herndon, VA | $71,869,344 | $62,733,082 |
Consumer Technology Association Arlington, VA | $357,760,838 | $25,474,279 |
National Retail Federation Inc Washington, DC | $44,909,805 | $48,694,616 |
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |