Nabe Foundation of the National Association for Business Economics EIN 35-2232781

Nabe Foundation of the National Association for Business Economics

EIN  35-2232781 Supporting organization Washington, DC
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Advances business economics through research and practical application.
Leadership
Thomas Beers · Executive Director
Money in and out
$511K revenue, $332K expenses
Bottom line
+35% net inflow

Advances business economics through research and practical application. For fiscal year 2024 it reported $511K in revenue, $332K in expenses, and $2.2M in net assets.Pt I

Money in and out · FY2024
Total revenue
$511K
Pt VIII · Ln 12
Total expenses
$332K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $179K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Net inflow
+35%
revenue over expenses, this year▲ +31% vs prior filing year
Pass-through gifts
67%
of revenue from contributions▼ -10% vs prior filing year
Program spending
84%
of expenses reach stated programs▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$511K
FY2024▲ +15%
Expenses
$332K
FY2024▲ +2%
Total assets
$2.4M
FY2024▲ +18%
Total liabilities
$116K
FY2024▲ +42%
Total revenue
$511K
Pt VIII · Ln 12
Total expenses
$332K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$179K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 316
Independent voting membersPt I · Ln 416
Mission & Programs · Part III

Where the work happens

1 program service account for $279K of program spending, described in the organization's own filed words · FY2024.
01

Held an economic measurement seminar; provided scholarships to nabe events; subsidized professionals seeking continuing education; funded adam smith award, which highlights excellence in the field of business economics.

$279Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNabe Foundation of the National Association for Business Economics
EINHdr · item D35-2232781
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.nabefoundation.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFSep 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a16
Independent voting membersPt VI · Ln 1b16
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$0Pt VII · Sec A
Dir., Educ. & Prof. Dev't.
$0Pt VII · Sec A
Director, Administration
$0Pt VII · Sec A
Past President 2022-2023
$0Pt VII · Sec A
$0Pt VII · Sec A
Past President 2023-2024
$0Pt VII · Sec A
President 2024-2025
$0Pt VII · Sec A
$0Pt VII · Sec A
See Nabe Foundation of the National Association for Business Economics executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$343K · 67%
Investment income$93K · 18%
Program service revenue$75K · 15%
Contributions & grants67%$343K
Investment income18%$93K
Program service revenue15%$75K
Total revenueLn 12$511K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.14 Fundraising $0.02
Program services84%$279K
Management & general14%$45K
Fundraising2%$8K
Total functional expensesLn 25$332K

Balance Sheet

Part X · end of year
CashLn 1$233K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$116K
Total net assetsLn 32$2.2M
Months of cash on handcomputed8.4

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.4M · Operating expenses/yr $332K
85.3 months
Where the money goes
Program services
Program services $279K · Total expenses $332K
84%
Management & General
Management & general $45K · Total expenses $332K
14%
Fundraising
Fundraising $8K · Total expenses $332K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $8K · Solicited contributions (3-yr avg) $323K
$0.03 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $343K · Total revenue $511K
67%
Government reliance
Government grants — · Total revenue $511K
Earned-income share
Program service revenue $75K · Total revenue $511K
15%
Investment reliance
Investment income $93K · Total revenue $511K
+18%
Program self-sufficiency
Program service revenue $75K · Total expenses $332K
23%
Growth & trend
Revenue growth (YoY)
This year $511K · Prior year $446K
+15%
Revenue CAGR
FY2020 $373K · FY2024 $511K
+8%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $511K · Expenses $332K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.2M · Total assets $2.4M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $2.1M · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $2.4M
90%
People & payroll
Highest Reported Total Compensation
Individual Thomas Beers · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $0 · Total expenses $332K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $332K
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 14%
Fundraising cost ratio 2%
Revenue growth 15%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$57K
See all 3 funders →
Grants paid · 5 grants · $47K · 2020–2024
Unitemized GrantFY2024$8,000
Unitemized GrantFY2023$9,500
Unitemized GrantFY2022$9,500
Unitemized GrantFY2021$8,500
Unitemized GrantFY2020$11,750

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$511K revenue · viewing · ⤓ 990 PDF
FY2023$446K revenue · ⤓ 990 PDF
FY2022$381K revenue · ⤓ 990 PDF
FY2021$550K revenue · ⤓ 990 PDF
FY2020$373K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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