National Association of Agricultural Educators INC EIN 47-0467139

National Association of Agricultural Educators INC

EIN  47-0467139 Public charity (501(c)(3)) Lexington, KY
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 9/3/26 · see original filing: IRS
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Size
$1–10M
What they do
Promotes agricultural education to advance farming knowledge and skills.
Leadership
Alissa Smith · Chief Executive Officer · $159K
Money in and out
$2.1M revenue, $2.3M expenses
Bottom line
63% program efficiency

Promotes agricultural education to advance farming knowledge and skills. For fiscal year 2024 it reported $2.1M in revenue, $2.3M in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$145K
Where spending went · Part IX cols B–D
Program services $0.63 Management & general $0.37
Program efficiency
63%
of spending reaches programs▲ +2% vs prior filing year
Operating runway
8.0mo
months of highly liquid reserves at operating expense rate▼ -24% vs prior filing year
Surplus margin
-7%
revenue over expenses, this year▲ +1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.1M
FY2024▲ +1%
Expenses
$2.3M
FY2024▲ +1%
Total assets
$2.0M
FY2024▼ -16%
Total liabilities
$845K
FY2024▼ -29%
Total revenue
$2.1M
Pt VIII · Ln 12
Total expenses
$2.3M
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$145K
Total assetsPt X · Ln 16$2.0M
Program-expense ratioPt IX · col B63%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

The association is a membership organization designed to further agricultural education by providing a forum for members to discuss interests and concerns of the agricultural industry.

$1.4Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNational Association of Agricultural Educators INC
EINHdr · item D47-0467139
Principal addressHdr · item CLexington, KY
WebsiteHdr · item Jwww.naae.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFood & Agriculture (K20P)
Ruling yearIRS BMFFeb 1953

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
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
Chief Executive Officer
$158,589Pt VII · Sec A
Chief Financial Officer
$45,258Pt VII · Sec A
President Elect
$0Pt VII · Sec A
Region II Vice Pres
$0Pt VII · Sec A
Region III Vice Pres
$0Pt VII · Sec A
$0Pt VII · Sec A
Region V Vice Pres
$0Pt VII · Sec A
Region Vi Vice Pres
$0Pt VII · Sec A

Alissa Smith’s $159K as Chief Executive Officer is at the 86th percentile of top reported officer pay among 819 $1–10M food & agriculture 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2021FY2020
Alissa Smith$158,589$149,226$125,852$118,417$113,582$78,704
Wm Jay Jackman$45,258$63,963$77,242$89,726$156,247$124,083

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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Statement of Revenue

Part VIII
Contributions & grants$1.8M · 83%
Program service revenue$255K · 12%
Investment income$69K · 3%
Other revenue$38K · 2%
Contributions & grants83%$1.8M
Program service revenue12%$255K
Investment income3%$69K
Other revenue2%$38K
Total revenueLn 12$2.1M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.63 Management & general $0.37
Program services63%$1.4M
Management & general37%$847K
Total functional expensesLn 25$2.3M

Balance Sheet

Part X · end of year
CashLn 1$244K
Total assetsLn 16$2.0M
Total liabilitiesLn 26$845K
Total net assetsLn 32$1.2M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.5M · Operating expenses/yr $2.3M
8.0 months
Where the money goes
Program services
Program services $1.4M · Total expenses $2.3M
63%
Management & General
Management & general $847K · Total expenses $2.3M
37%
Fundraising
Fundraising $0 · Total expenses $2.3M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $1.7M
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $1.8M · Total revenue $2.1M
83%
Government reliance
Government grants — · Total revenue $2.1M
Earned-income share
Program service revenue $255K · Total revenue $2.1M
12%
Investment reliance
Investment income $69K · Total revenue $2.1M
+3%
Program self-sufficiency
Program service revenue $255K · Total expenses $2.3M
11%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $2.1M
+1%
Revenue CAGR
FY2019 $4.3M · FY2024 $2.1M
-13%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $2.3M
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $2.0M
Net-asset ratio
Net assets $1.2M · Total assets $2.0M
58%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.3M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.0M
63%
People & payroll
Highest Reported Total Compensation
Individual Alissa Smith · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $159K · Total expenses $2.3M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $339K · Total expenses $2.3M
15%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 63%
Overhead ratio 37%
Fundraising cost ratio 0%
Revenue growth 1%
Investment management fee ratio 1%
Accounting fee ratio 1%

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 · this organization's grantmaking
Grants paid · 6 grants · $141K · 2019–2024
Unitemized GrantFY2024$31,500
Unitemized GrantFY2023$19,500
Unitemized GrantFY2022$24,000
Unitemized GrantFY2021$6,000
Unitemized GrantFY2020$30,000
Unitemized GrantFY2019$30,000

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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)$2.1M revenue · viewing · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$5.1M revenue · ⤓ 990 PDF
FY2021$3.7M revenue · ⤓ 990 PDF
FY2020$4.3M 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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