Nacs Foundation FY2024 filing

Tax-deductible

Oberlin, OH501(c)(3)EducationEIN 52-1270412

To support initiatives and educational programs of the national association of college stores and provide research that addresses issues of importance to the college store industry.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
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
0 of 6
filings with a surplus
Average deficit $490K a year · 196% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Named funders
1
named funder · $6K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$338K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$159K
-63% vs prior year
Spent
$741K
To programs
70%
Net assets
$2.1M
By yearFY2020–FY2025
Revenue
$159K
FY2024▼ -63%
Revenue by fiscal year
FY2020$51K
FY2021$395K
FY2022$343K
FY2023$431K
FY2024$159K
FY2025$120K
Expenses
$741K
FY2024▼ -4%
Expenses by fiscal year
FY2020$607K
FY2021$759K
FY2022$774K
FY2023$773K
FY2024$741K
FY2025$787K
Net assets
$2.1M
FY2024▼ -17%
Net assets by fiscal year
FY2020$3.6M
FY2021$3.6M
FY2022$3.2M
FY2023$2.6M
FY2024$2.1M
FY2025$1.6M

From the FY2024 Form 990 (year ending March 2024) · see the original

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You’re viewing the FY2024 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 1983.

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

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $520K Management & general 21% · $159K Fundraising 8% · $62K

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

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Nacs Foundation executive salaries →

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Funds college store educational programs and industry research.

Provided by the organization

This section is blank until Nacs Foundation claims this page.

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2 program services account for $520K of program spending, described in the organization's own filed words · FY2023.
01

Nacs Professional Development Grants

Grants to individuals to attend nacs annual meeting and other educational courses and grants to nacs to provide educational programs to members.

$485Kprogram expense
02

Conducting and disseminating research to the college store industry on such topics as the buying habits of students and a salary and benefits survey.

$35Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$6K
Grants paid · 11 grants · $1.2M · 2019–2024
Unitemized GrantFY2024$39,240
Unitemized GrantFY2023$47,252
Unitemized GrantFY2022$56,280
Unitemized GrantFY2021$31,927
Unitemized GrantFY2019$40,564

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$159K
Ln 12
Investment incomeLn 3$117K
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$3K
Money outPt IX
$741K
Ln 25
Programscol B$520K
Managementcol C$159K
Fundraisingcol D$62K
Owns and owesPt X
$2.1M
net assets · Ln 32
Total assetsLn 16$2.5M
LiabilitiesLn 26$338K
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$39K
Fees for servicesLn 2g$3K
Investment incomeLn 3$117K
Gains on assetsLn 7$57K
Total revenueLn 12$159K
Assets in detailPt X, end of year
InvestmentsLn 11–13$2.3M
Land, buildings, equipmentLn 10c$131K
Total assetsLn 16$2.5M
LiabilitiesLn 26$338K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 635
Fiscal year endsHeaderMarch
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 FY24End FY24
InvestmentsLn 11–13$2.9M$2.3M
Land, buildings, equipmentLn 10c$137K$131K
Total assetsLn 16$3.1M$2.5M
LiabilitiesLn 26$502K$338K
Net assetsLn 32$2.6M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$164K$164K
Grants to domestic individualsLn 2$47K$47K
Management feesLn 11a$411K$226K$123K$62K
Accounting feesLn 11c$19K$19K
Advertising and promotionLn 12$5K$5K
Information technologyLn 14$22K$22K
TravelLn 17$27K$17K$10K
Conferences, conventions and meetingsLn 19$3K$3K
Depreciation, depletion and amortizationLn 22$6K$6K
Other expenses (24a–d)Ln 24$36K$35K$811
Total functional expensesLn 25$741K$520K$159K$62K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $120K$787K−$667K$1.6M 990 PDF
FY2024 Viewing $159K$741K−$582K$2.1M 990 PDF
FY2023 $431K$773K−$342K$2.6M 990 PDF
FY2022 $343K$774K−$431K$3.2M 990 PDF
FY2021 $395K$759K−$364K$3.6M 990 PDF
FY2020 $51K$607K−$556K$3.6M 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $159,133 across 6 lines filed
VIII-1f All other contributions, gifts and grants$39,093
VIII-1h Total contributions, gifts and grants$39,093
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,995$2,995
VIII-3 Investment incomeExcluded from tax $60,347$60,347
VIII-7 Net gain or loss on sales of assetsExcluded from tax $56,698$56,698
VIII-12 Total revenueRelated to mission $2,995 · Unrelated business $0 · Excluded from tax $117,045$159,133
Part IX · Statement of functional expenses $740,667 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $163,944$163,944
IX-2 Grants to domestic individualsPrograms $47,252$47,252
IX-11a Management feesPrograms $226,160 · Management $123,361 · Fundraising $61,680$411,201
IX-11c Accounting feesManagement $18,600$18,600
IX-12 Advertising and promotionPrograms $5,426$5,426
IX-14 Information technologyPrograms $21,600$21,600
IX-17 TravelPrograms $17,407 · Management $10,045$27,452
IX-19 Conferences, conventions and meetingsPrograms $3,006$3,006
IX-22 Depreciation, depletion and amortizationManagement $6,375$6,375
IX-24 Other expenses (24a–d)Programs $35,000 · Management $811$35,811
IX-25 Total functional expensesPrograms $519,795 · Management $159,192 · Fundraising $61,680$740,667
Part X · Balance sheet $2,481,994 assets, 11 lines filed
X-4 Accounts receivableStart of year $6,000$0
X-9 Prepaid expenses and deferred chargesStart of year $10,800$10,800
X-10c Land, buildings and equipment, netStart of year $137,062$130,687
X-11 Publicly traded securitiesStart of year $2,936,194$2,340,507
X-16 Total assetsStart of year $3,090,056$2,481,994
X-17 Accounts payable and accrued expensesStart of year $502,163$338,367
X-26 Total liabilitiesStart of year $502,163$338,367
X-27 Net assets without donor restrictionsStart of year $2,297,807$1,823,314
X-28 Net assets with donor restrictionsStart of year $290,086$320,313
X-32 Total net assets or fund balancesStart of year $2,587,893$2,143,627
X-33 Total liabilities and net assetsStart of year $3,090,056$2,481,994
Part XI · Reconciliation of net assets $2,143,627 net assets at year end
XI-1 Total revenue$159,133
XI-2 Total expenses$740,667
XI-3 Revenue less expenses−$581,534
XI-4 Net assets at start of year$2,587,893
XI-5 Net unrealized gains (losses) on investments$137,268
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,143,627

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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