philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Nea Properties INC FY2020 filing

Not tax-deductible

Washington, DCMutual-benefit / member-servingSince 2009EmploymentEIN 27-0591064Revenue $2.2M in FY2020

On file with the IRS1201 16th Street Nw 519, 20036-3201 · Washington, DCTax-exempt since Feb 2010

This page gets seen. Tell your story. Claim this org.

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).

Mission: Form 990 Part I, line 1

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
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
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$225K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.2M
Spent
$2.4M
Net assets
$16.3M
By yearFY2020–FY2025
Revenue
$2.2M
FY2020
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
$2.4M
FY2020
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
$16.3M
FY2020
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 FY2020 Form 990 (year ending August 2020) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

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 · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
$0Pt VII · Sec A
Princess Moss
Treasurer
$0Pt VII · Sec A
John Wright
Director
$0Pt VII · Sec A
See Nea Properties INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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.

Provided by the organization

Know this organization? Claim it to add your story

1 program · in their own filed words · FY2019
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).

Pt IX · col B

Funders

Who pays for it.

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

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.2M
Ln 12
Fees for servicesLn 2g$2.2M
Money outPt IX
$2.4M
Ln 25
Owns and owesPt X
$16.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$16.5M
LiabilitiesLn 26$225K
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$2.2M
Total revenueLn 12$2.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$14.2M
Other assetsLn 15$139K
Total assetsLn 16$16.5M
LiabilitiesLn 26$225K
Net assetsLn 32$16.3M
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 FY20End FY20
Cash and savingsLn 1–2$1.3M$1.6M
Land, buildings, equipmentLn 10c$14.9M$14.2M
Total assetsLn 16$17.0M$16.5M
LiabilitiesLn 26$470K$225K
Net assetsLn 32$16.6M$16.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$70K
Legal feesLn 11b$20K
Other fees for servicesLn 11g$324K
Office expensesLn 13$85K
Information technologyLn 14$6K
OccupancyLn 16$711K
TravelLn 17$13K
Depreciation, depletion and amortizationLn 22$1.0M
InsuranceLn 23$37K
Other expenses (24a–d)Ln 24$108K
All other expensesLn 24e$39K
Total functional expensesLn 25$2.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$2.5M−$287K$14.8M 990 PDF
FY2024 $1.9M$2.6M−$653K$15.1M 990 PDF
FY2023 $1.9M$2.5M−$531K$15.7M 990 PDF
FY2022 $2.2M$2.2M$22K$16.2M 990 PDF
FY2021 $2.2M$2.2M−$42K$16.2M 990 PDF
FY2020 Viewing $2.2M$2.4M−$270K$16.3M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $2,157,768 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,256,460$2,157,768
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,256,460$2,157,768
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 $1,890,517$2,427,792
I-18 Total expensesPrior year $1,890,517$2,427,792
I-19 Revenue less expensesPrior year $365,943−$270,024
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 $2,157,768 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,157,768$2,157,768
VIII-12 Total revenueRelated to mission $2,157,768 · Unrelated business $0 · Excluded from tax $0$2,157,768
Part IX · Statement of functional expenses $2,427,792 across 11 lines filed
IX-11a Management fees$70,135
IX-11b Legal fees$19,751
IX-11g Other fees for services$324,304
IX-13 Office expenses$84,516
IX-14 Information technology$6,073
IX-16 Occupancy$710,921
IX-17 Travel$13,069
IX-22 Depreciation, depletion and amortization$1,015,409
IX-23 Insurance$36,857
IX-24 Other expenses (24a–d)$107,715
IX-24e All other expenses$39,042
IX-25 Total functional expenses$2,427,792
Part X · Balance sheet $16,516,161 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,325,316$1,632,679
X-4 Accounts receivableStart of year $59,720$132,955
X-9 Prepaid expenses and deferred chargesStart of year $373,940$389,432
X-10c Land, buildings and equipment, netStart of year $14,944,686$14,222,589
X-15 Other assetsStart of year $327,767$138,506
X-16 Total assetsStart of year $17,031,429$16,516,161
X-17 Accounts payable and accrued expensesStart of year $389,276$142,372
X-25 Other liabilitiesStart of year $81,180$82,840
X-26 Total liabilitiesStart of year $470,456$225,212
X-27 Net assets without donor restrictionsStart of year $16,560,973$16,290,949
X-32 Total net assets or fund balancesStart of year $16,560,973$16,290,949
X-33 Total liabilities and net assetsStart of year $17,031,429$16,516,161
Part XI · Reconciliation of net assets $16,290,949 net assets at year end
XI-1 Total revenue$2,157,768
XI-2 Total expenses$2,427,792
XI-3 Revenue less expenses−$270,024
XI-4 Net assets at start of year$16,560,973
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$16,290,949

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.