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Nea Properties INC

Not tax-deductible

Washington, DCMutual-benefit / member-servingSince 2009Employment EIN 27-0591064Revenue $2.2M in FY2025Latest return filed Jul 14, 2026

On file with the IRSWashington, DCTax-exempt since Feb 2010

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Nea Properties INC (NEAPI) is a wholly-owned real estate holding company whose purpose is to hold title to property, collect income from that property, and report all income after expenses to the national education association of the United States, an organization exempt under section 501(c)(5).

Form 990 Part I, line 1, FY2025. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0591064) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $294K a year · 14% of revenue · last 6 filings
A surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
3.3 mo
of spending, in cash
3.3 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$196K
1% of total assets
Liabilities are 1% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.2M
+16% vs prior year
Spent
$2.5M
Net assets
$14.8M
By yearFY2020–FY2025
Revenue
$2.2M
FY2025▲ +16%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.2M
FY2021$2.2M
FY2022$2.2M
FY2023$1.9M
FY2024$1.9M
FY2025$2.2M
Expenses
$2.5M
FY2025▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.4M
FY2021$2.2M
FY2022$2.2M
FY2023$2.5M
FY2024$2.6M
FY2025$2.5M
Net assets
$14.8M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$16.3M
FY2021$16.2M
FY2022$16.2M
FY2023$15.7M
FY2024$15.1M
FY2025$14.8M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
Princess Moss
President
$0Pt VII · Sec A
John Wright
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nea Properties INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages and collects income from real estate for the National Education Association.

Questions for Nea Properties INC

Tap to ask. Nea Properties INC sees how many people are interested.

Your first name shows with your question. Nea Properties INC answers here, for everyone.

1 program · in their own filed words · FY2024
01

The organization held real estate, collected income, and reported all net income to its parent organization which is exempt from income tax under irc section 501(c)(5).

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-0591064) · Dispute this line
Pt IX · Ln 25 · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.1M
Other incomeLn 4–11$114K
Investment incomeLn 3$25K
Money outPt IX
$2.5M
Ln 25
Owns and owesPt X
$14.8M
net assets · Ln 32
Cash and savingsLn 1–2$690K
Total assetsLn 16$15.0M
LiabilitiesLn 26$196K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.1M
Investment incomeLn 3$25K
Other incomeLn 4–11$114K
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$690K
Cash and savings togetherLn 1–2$690K
Accounts receivableLn 4$66K
Prepaid expenses and deferred chargesLn 9$370K
Land, buildings, equipmentLn 10c$12.6M
InvestmentsLn 11–13$680K
Other assetsLn 15$521K
Total assetsLn 16$15.0M
LiabilitiesLn 26$196K
Net assetsLn 32$14.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$137K$690K
InvestmentsLn 11–13$649K$680K
Land, buildings, equipmentLn 10c$13.4M$12.6M
Total assetsLn 16$15.2M$15.0M
LiabilitiesLn 26$179K$196K
Net assetsLn 32$15.1M$14.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$66K
Other fees for servicesLn 11g$356K
Office expensesLn 13$122K
OccupancyLn 16$918K
TravelLn 17$17K
Depreciation, depletion and amortizationLn 22$868K
InsuranceLn 23$53K
Other expenses (24a–d)Ln 24$115K
All other expensesLn 24e$230
Total functional expensesLn 25$2.5M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Jul 14, 2026 $2.2M$2.5M−$287K$14.8M 990 PDF
FY2024Filed with the IRS Jul 7, 2025 $1.9M$2.6M−$653K$15.1M 990 PDF
FY2023Filed with the IRS Jul 13, 2024 $1.9M$2.5M−$531K$15.7M 990 PDF
FY2022Filed with the IRS Jul 10, 2023 $2.2M$2.2M$22K$16.2M 990 PDF
FY2021Filed with the IRS May 31, 2022 $2.2M$2.2M−$42K$16.2M 990 PDF
FY2020Filed with the IRS Jul 15, 2021 $2.2M$2.4M−$270K$16.3M 990 PDF

Schedules filed Part IV

D · Assets and endowments J · Pay O · Explanations R · Related orgs
See the full FY2025 990
Part I · Summary $2,228,555 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,860,905$2,090,443
I-10 Investment incomePrior year −$5,074$24,610
I-11 Other revenuePrior year $70,117$113,502
I-12 Total revenuePrior year $1,925,948$2,228,555
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,579,138$2,515,646
I-18 Total expensesPrior year $2,579,138$2,515,646
I-19 Revenue less expensesPrior year −$653,190−$287,091
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,228,555 across 3 lines filed
Lines not itemized here account for $113,502 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,090,443$2,090,443
VIII-3 Investment incomeExcluded from tax $24,610$24,610
VIII-12 Total revenueRelated to mission $2,203,945 · Unrelated business $0 · Excluded from tax $24,610$2,228,555
Part IX · Statement of functional expenses $2,515,646 across 9 lines filed
IX-11a Management fees$66,136
IX-11g Other fees for services$355,547
IX-13 Office expenses$122,125
IX-16 Occupancy$918,312
IX-17 Travel$16,948
IX-22 Depreciation, depletion and amortization$868,449
IX-23 Insurance$53,329
IX-24 Other expenses (24a–d)$114,570
IX-24e All other expenses$230
IX-25 Total functional expenses$2,515,646
Part X · Balance sheet $14,969,830 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $137,435$690,399
X-4 Accounts receivableStart of year $31,906$66,288
X-9 Prepaid expenses and deferred chargesStart of year $486,492$369,588
X-10c Land, buildings and equipment, netStart of year $13,372,999$12,642,363
X-11 Publicly traded securitiesStart of year $649,006$680,194
X-15 Other assetsStart of year $555,991$520,998
X-16 Total assetsStart of year $15,233,829$14,969,830
X-17 Accounts payable and accrued expensesStart of year $38,614$56,289
X-25 Other liabilitiesStart of year $140,417$139,256
X-26 Total liabilitiesStart of year $179,031$195,545
X-27 Net assets without donor restrictionsStart of year $15,054,798$14,774,285
X-32 Total net assets or fund balancesStart of year $15,054,798$14,774,285
X-33 Total liabilities and net assetsStart of year $15,233,829$14,969,830
Part XI · Reconciliation of net assets $14,774,285 net assets at year end
XI-1 Total revenue$2,228,555
XI-2 Total expenses$2,515,646
XI-3 Revenue less expenses−$287,091
XI-4 Net assets at start of year$15,054,798
XI-5 Net unrealized gains (losses) on investments$6,578
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$14,774,285

Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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