Nbi-Sems INC FY2020 filing

Tax-deductible

Altoona, WI501(c)(3)Since 1995EducationEIN 39-1768861Revenue $19.7M in FY2020

On file with the IRSnbi-sems.com1218 McCann Dr, 54720-2561 · Altoona, WITax-exempt since Mar 1999Publicly supported — 509(a)(2)

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To provide educational assistance and services to improve education.

501(c)(3) charity; gifts are tax-deductible.
74¢ of each $1 spent went to programs.
$1.2M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $846K a year · 4% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.2M
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$7.8M
28% of total assets
Looks good: liabilities are 28% 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
$19.7M
Spent
$20.6M
To programs
74%
Net assets
$19.9M
By yearFY2020–FY2024
Revenue
$19.7M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$19.7M
FY2021$23.5M
FY2022$20.5M
FY2023$20.3M
FY2024$19.8M
Expenses
$20.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$20.6M
FY2021$18.9M
FY2022$18.5M
FY2023$19.6M
FY2024$22.0M
Net assets
$19.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$19.9M
FY2021$24.5M
FY2022$24.8M
FY2023$26.9M
FY2024$24.7M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1999.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $15.2M Management & general 26% · $5.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $1.2M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Treasurer
$263,464Pt VII · Sec A
Former Director of Marketing Senior
$206,464Pt VII · Sec A
Planning Director
$163,746Pt VII · Sec A
Director of Marketing
$139,545Pt VII · Sec A
Accreditation Supervisor
$110,456Pt VII · Sec A
Operations Manager
$110,313Pt VII · Sec A
Outbound Sales
$105,477Pt VII · Sec A
Vice President
$100,263Pt VII · Sec A

Allison Schindler’s $255K as President is at the 54th percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jim Embke———$308,075$263,464
Allison Schindler$254,873$231,476$163,882$151,302$139,545
David Rovani$228,970————
Cynthia Embke————$206,464
Leeann Enquist———$163,872$163,746
Joline Torkelson$152,277$147,516$130,663$120,261$110,313
Brett Mack$138,296$144,546$124,241$102,161—
Brandon Schroeder—$121,835$124,463——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves education by providing assistance and services.

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Provided by the organization

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1 program · $15.2M · in their own filed words · FY2020
01

During 2020, nbi, inc. Presented approximately 2,200 education programs. These programs met the continuing education needs for lawyers, accountants and paraprofessionals, as well as providing legal content for other professionals including accountants, HOSPITAL/CLINIC administrators, teachers, school administrators, and financial…

$15.2Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 6 grants · $7.1M · 2020–2024
Integrity TrWI · FY2024$1,650,000
Unitemized GrantFY2024$53,263
Integrity TrWI · FY2023$1,200,000
Integrity TrWI · FY2022$1,500,000
Integrity TrWI · FY2021$1,000,000
Integrity TrWI · FY2020$1,670,250

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$19.7M
Ln 12
Fees for servicesLn 2g$19.4M
Other incomeLn 4–11$184K
Investment incomeLn 3$154K
Money outPt IX
$20.6M
Ln 25
Programscol B$15.2M
Managementcol C$5.4M
Owns and owesPt X
$19.9M
net assets · Ln 32
Cash and savingsLn 1–2$6.7M
Total assetsLn 16$27.8M
LiabilitiesLn 26$7.8M
PeoplePt VI, VII
9
listed · VII A
PaidVII A9
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$19.4M
Investment incomeLn 3$154K
Other incomeLn 4–11$184K
Total revenueLn 12$19.7M
Assets in detailPt X, end of year
CashLn 1$5.4M
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$6.7M
InvestmentsLn 11–13$10.6M
Land, buildings, equipmentLn 10c$5.6M
Other assetsLn 15$0
Total assetsLn 16$27.8M
LiabilitiesLn 26$7.8M
Net assetsLn 32$19.9M
OperationsPt I, VI
EmployeesI 5107
VolunteersI 60
Fiscal year endsHeaderDecember
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$8.1M$6.7M
InvestmentsLn 11–13$9.4M$10.6M
Land, buildings, equipmentLn 10c$5.9M$5.6M
Total assetsLn 16$27.5M$27.8M
LiabilitiesLn 26$7.3M$7.8M
Net assetsLn 32$20.3M$19.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.7M$1.7M
Pay of current officers, directors and key staffLn 5$869K$688K$181K
Other salaries and wagesLn 7$5.7M$3.9M$1.8M
Pension plan contributionsLn 8$283K$169K$114K
Other employee benefitsLn 9$715K$589K$126K
Payroll taxesLn 10$431K$288K$143K
Legal feesLn 11b$26K$26K
Accounting feesLn 11c$8K$8K
Investment management feesLn 11f$68K$68K
Other fees for servicesLn 11g$474K$474K
Advertising and promotionLn 12$4.1M$4.1M
Office expensesLn 13$558K$112K$446K
Information technologyLn 14$1.1M$1.1M
OccupancyLn 16$456K$62K$395K
TravelLn 17$12K$12K
Conferences, conventions and meetingsLn 19$1.9M$1.9M$5K
Depreciation, depletion and amortizationLn 22$520K$520K
InsuranceLn 23$57K$28K$28K
Other expenses (24a–d)Ln 24$1.4M$1.2M$265K
All other expensesLn 24e$210K$210K
Total functional expensesLn 25$20.6M$15.2M$5.4M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $19.8M$22.0M−$2.2M$24.7M 990 PDF
FY2023 $20.3M$19.6M$687K$26.9M 990 PDF
FY2022 $20.5M$18.5M$2.0M$24.8M 990 PDF
FY2021 $23.5M$18.9M$4.7M$24.5M 990 PDF
FY2020 Viewing $19.7M$20.6M−$873K$19.9M 990 PDF

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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 $19,711,505 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $25,621,525$19,373,595
I-10 Investment incomePrior year $373,846$153,650
I-11 Other revenuePrior year $193,781$184,260
I-12 Total revenuePrior year $26,189,152$19,711,505
I-13 Grants and similar amounts paidPrior year $2,021,200$1,670,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $7,821,206$8,003,913
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $15,782,175$10,910,579
I-18 Total expensesPrior year $25,624,581$20,584,792
I-19 Revenue less expensesPrior year $564,571−$873,287
Part VI · Governance 0 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $19,711,505 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,373,595$19,373,595
VIII-3 Investment incomeExcluded from tax $153,650$153,650
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $184,260$184,260
VIII-12 Total revenueRelated to mission $19,373,595 · Unrelated business $0 · Excluded from tax $337,910$19,711,505
Part IX · Statement of functional expenses $20,584,792 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $1,670,300$1,670,300
IX-5 Pay of current officers, directors and key staffPrograms $687,518 · Management $181,428$868,946
IX-7 Other salaries and wagesPrograms $3,943,811 · Management $1,762,375$5,706,186
IX-8 Pension plan contributionsPrograms $168,943 · Management $113,752$282,695
IX-9 Other employee benefitsPrograms $588,796 · Management $126,199$714,995
IX-10 Payroll taxesPrograms $287,799 · Management $143,292$431,091
IX-11b Legal feesManagement $25,676$25,676
IX-11c Accounting feesManagement $8,459$8,459
IX-11f Investment management feesManagement $67,503$67,503
IX-11g Other fees for servicesManagement $474,253$474,253
IX-12 Advertising and promotionPrograms $4,088,197$4,088,197
IX-13 Office expensesPrograms $112,247 · Management $445,841$558,088
IX-14 Information technologyManagement $1,109,188$1,109,188
IX-16 OccupancyPrograms $61,875 · Management $394,540$456,415
IX-17 TravelManagement $12,144$12,144
IX-19 Conferences, conventions and meetingsPrograms $1,876,473 · Management $4,566$1,881,039
IX-22 Depreciation, depletion and amortizationPrograms $520,496$520,496
IX-23 InsurancePrograms $28,431 · Management $28,431$56,862
IX-24 Other expenses (24a–d)Programs $1,177,352 · Management $264,918$1,442,270
IX-24e All other expensesManagement $209,989$209,989
IX-25 Total functional expensesPrograms $15,212,238 · Management $5,372,554 · Fundraising $0$20,584,792
Part X · Balance sheet $27,778,587 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $5,872,401$5,446,131
X-2 Savings and temporary cash investmentsStart of year $2,187,194$1,265,674
X-4 Accounts receivableStart of year $2,942,252$3,513,337
X-8 Inventories for sale or useStart of year $10,830$5,251
X-9 Prepaid expenses and deferred chargesStart of year $968,856$1,091,268
X-10c Land, buildings and equipment, netStart of year $5,905,538$5,639,976
X-11 Publicly traded securitiesStart of year $9,368,913$10,603,055
X-14 Intangible assetsStart of year $223,895$213,895
X-15 Other assetsStart of year $48,921$0
X-16 Total assetsStart of year $27,528,800$27,778,587
X-17 Accounts payable and accrued expensesStart of year $1,893,619$2,742,984
X-19 Deferred revenueStart of year $5,359,295$5,096,991
X-26 Total liabilitiesStart of year $7,252,914$7,839,975
X-27 Net assets without donor restrictionsStart of year $20,275,886$19,938,612
X-32 Total net assets or fund balancesStart of year $20,275,886$19,938,612
X-33 Total liabilities and net assetsStart of year $27,528,800$27,778,587
Part XI · Reconciliation of net assets $19,938,612 net assets at year end
XI-1 Total revenue$19,711,505
XI-2 Total expenses$20,584,792
XI-3 Revenue less expenses−$873,287
XI-4 Net assets at start of year$20,275,886
XI-5 Net unrealized gains (losses) on investments$536,013
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$19,938,612

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

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