Skip to content
Nonprofiteer
← NATIONAL ASSOCIATION OF CONVENIENCE STORES INC

Form 990 for tax year 2024

Filed by NATIONAL ASSOCIATION OF CONVENIENCE STORES INC.

Totals

Total revenue
$61,836,797
Total expenses
$60,431,961
Contributions and grants received
$0
Grants paid
$5,430,563
Program service revenue
$60,761,126
Investment income
$1,775,384
Other revenue
-$699,713
Total assets, end of year
$78,794,360
Total liabilities, end of year
$15,303,463
Net assets or fund balances, end of year
$63,490,897
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: CONVENTIONS & EXPOS

    total $26,342,319 · related or exempt $25,780,217 · unrelated business $562,102

  • 2b · Program service revenue: COMMITTEE REVENUES

    total $14,651,901 · related or exempt $14,646,801 · unrelated business $5,100

  • 2c · Program service revenue: MEMBERSHIP DUES

    total $9,922,712 · related or exempt $9,922,712

  • 2d · Program service revenue: ASSOCIATION ADMINISTRATION

    total $7,963,239 · related or exempt $7,342,225 · unrelated business $621,014

  • 2e · Program service revenue: PUBLICATIONS

    total $1,880,955 · unrelated business $1,880,955

  • 3 · Investment income

    total $2,223,846 · excluded $2,223,846

  • 6a · Gross rents

    real property $1,746,479

  • 6b · Less rental expenses

    real property $2,446,192

  • 6c · Rental income or loss

    real property -$699,713

  • 6d · Net rental income or loss

    total -$699,713 · excluded -$699,713

  • 7a · Gross sales of assets other than inventory

    securities $24,416,768

  • 7b · Less cost or other basis and sales expenses

    securities $24,865,230

  • 7c · Gain or loss

    securities -$448,462

  • 7d · Net gain or loss

    total -$448,462 · excluded -$448,462

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,430,563

  • 5 · Compensation of officers, directors and key employees

    total $10,869,259

  • 7 · Other salaries and wages

    total $9,569,990

  • 8 · Pension plan contributions

    total $651,085

  • 9 · Other employee benefits

    total $975,324

  • 10 · Payroll taxes

    total $1,885,076

  • 11b · Fees: legal

    total $716,947

  • 11c · Fees: accounting

    total $66,786

  • 11d · Fees: lobbying

    total $824,440

  • 11f · Fees: investment management

    total $323,853

  • 11g · Fees: other

    total $10,561,831

  • 12 · Advertising and promotion

    total $874,769

  • 13 · Office expenses

    total $1,235,551

  • 14 · Information technology

    total $3,315,576

  • 16 · Occupancy

    total $869,983

  • 17 · Travel

    total $1,078,649

  • 19 · Conferences, conventions and meetings

    total $8,732,983

  • 22 · Depreciation, depletion and amortization

    total $259,326

  • 23 · Insurance

    total $216,580

  • 24a · Other expenses: PRINTING & POSTAGE

    total $840,658

  • 24b · Other expenses: DUES & SUBSCRIPITIONS

    total $742,005

  • 24c · Other expenses: SURVEY COST

    total $185,666

  • 24d · Other expenses: LOSS ON GOODWILL IMPAIR

    total $170,761

  • 24e · All other expenses

    total $34,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,273,061 · end of year $2,695,549

  • 2 · Savings and temporary cash investments

    beginning of year $1,998 · end of year $539,818

  • 4 · Accounts receivable

    beginning of year $1,477,222 · end of year $2,177,836

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,398,510 · end of year $1,850,991

  • 10a · Land, buildings and equipment: cost or other basis

    $24,077,978

  • 10b · Land, buildings and equipment: accumulated depreciation

    $14,678,693

  • 10c · Land, buildings and equipment, net

    beginning of year $9,573,543 · end of year $9,399,285

  • 11 · Investments: publicly traded securities

    beginning of year $15,718,442 · end of year $0

  • 12 · Investments: other securities

    beginning of year $43,559,784 · end of year $60,243,972

  • 15 · Other assets

    beginning of year $1,443,061 · end of year $1,886,909

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,269,757 · end of year $7,870,171

  • 19 · Deferred revenue

    beginning of year $7,530,767 · end of year $7,157,302

  • 25 · Other liabilities

    beginning of year $8,983 · end of year $275,990

  • 27 · Net assets without donor restrictions

    beginning of year $61,636,114 · end of year $63,490,897

Mission and programs · 2024

Mission

THE MISSION OF NACS IS TO REPRESENT THE CONVENIENCE AND PETROLEUM RETAILING INDUSTRY AND TO PROVIDE THE KNOWLEDGE, CONNECTIONS, AND ADVOCACY NECESSARY TO ASSIST OUR MEMBERS IN MAXIMIZING THEIR EFFECTIVENESS AND PROFITABILITY.

Activities or mission (Part I)

TO SERVE AS AN ADVOCATE FOR THE CONVENIENCE RETAILING INDUSTRY.

  • NACS HOLDS SEVERAL CONFERENCES AND EXHIBITS TO HELP ADVANCE THE CONVENIENCE STORE INDUSTRY. THE NACS SHOW IS THE PREMIER EXPO AND CONVENTION FOR THE CONVENIENCE AND FUEL RETAILING INDUSTRY, PRESENTING NUMEROUS EXHIBITS, WORKSHOPS, AND NETWORKING OPPORTUNITIES. THESE ACTIVITIES BENEFIT RETAILER AND SUPPLIER ATTENDEES THROUGH THE DISSEMINATION OF KNOWLEDGE, EXPLOITATION OF CONNECTIONS AND ADVOCACY ON BEHALF OF THE CONVENIENCE AND FUEL RETAILING INDUSTRY.

  • NACS' GOVERNMENT RELATIONS DEPARTMENT REPRESENTS THE ADVOCACY ARM OF NACS, LOBBYING THE FEDERAL GOVERNMENT AND REGULATORY AGENCIES ON ISSUES RELATING TO THE CONVENIENCE AND FUEL RETAILING INDUSTRY AS WELL AS KEEPING MEMBERS AND OTHER INTERESTED PARTIES UPDATED ON IMPORTANT LEGISLATIVE ISSUES.

  • RESEARCH AND TECHNOLOGY REPRESENTS ACTIVITIES RELATED TO THE ONGOING COMPETITIVE VIABILITY OF THE CONVENIENCE AND FUEL RETAILING INDUSTRY. PROJECTS INCLUDE INDUSTRY BENCHMARKS, RESEARCH STUDIES AND BENCHMARK AND FUELS CONFERENCES, INFORMATION ON ENHANCEMENT TO THE EFFICIENCY OF CHANNEL OPERATIONS, AND CUSTOMER METRICS.

  • MEMBERSHIP REPRESENTS ACTIVITIES TO LEAD THE STRATEGIC DIRECTION OF MEMBERSHIP DEVELOPMENT, CUSTOMER INVOLVEMENT AND SATISFACTION, INDUSTRY IMAGE AND THE IMPACT OF THESE DIRECTIONS ON INDUSTRY PERFORMANCE.

  • INTERNATIONAL ACTIVITIES BENEFIT BOTH THE DOMESTIC AND INTERNATIONAL RETAILER AND SEEKS TO ENGAGE IN ACTIVITIES THAT LEAD NACS TO UNDERSTAND THE GLOBAL MARKETPLACE AND ENABLE DISCOVERIES TO BE APPLIED IN CONVENIENCE RETAILING AROUND THE GLOBE.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JARED SCHEELER

    PAST CHAIRMAN (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LISA DELL'ALBA

    OFFICER, TREASURER (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN HANNASCH

    OFFICER, CHAIRMAN (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSE VICTOR PARDO PATERNO

    CHAIRMAN UNTIL 10/24, PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • DONALD R RHOADS

    PAST CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHUCK MAGGELET

    OFFICER (UNTIL 5/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ANNE GAUTHIER

    OFFICER, TREASURER (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • VARISH GOYAL

    OFFICER UNTIL 10/24, DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHARLES C MCILVAINE

    OFFICER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • LONNIE MCQUIRTER

    OFFICER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRIS BAMBURY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • FREDERIC CHAVEYRIAT

    DIRECTOR (UNTIL 3/24)

    Total calculated
    $0
    Hours/week
    1

  • ANDREW CLYDE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TERRY GALLAGHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RAYMOND M HUFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • INA M MATTHEWS

    DIRECTOR (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • ROBERT RAZOWSKY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JIGAR PATEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD WOOD III

    DIRECTOR (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • JOHN D JACKSON

    DIRECTOR (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • BRIAN C MCCARTHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TONY MILLER

    DIRECTOR UNTIL 10/24, OFFICER

    Total calculated
    $0
    Hours/week
    1

  • DAVID CHARLES SR

    SUPPLIER BOARD REP (UNTIL 10/24)

    Total calculated
    $0
    Hours/week
    1

  • VITO MAURICI

    SUPPLIER BOARD REPRESENTATIVES

    Total calculated
    $0
    Hours/week
    1

  • TOM BRENNAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NATALIE MORHOUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STANLEY REYNOLDS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KRISTIN SEABROOK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BABIR SULTAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK JORDAN

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • LISA BLALOCK

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • BRIAN DONALDSON

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • ERIN GRAZIOSI

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • BRYAN MORROW

    SUPPLIER BOARD REP (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • TRAVIS T SHEETZ

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • DOUG YAWBERRY

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • SCOTT ZIETLOW

    DIRECTOR (AS OF 10/24)

    Total calculated
    $0
    Hours/week
    1

  • HENRY OGDEN ARMOUR

    PRESIDENT & CEO

    Total calculated
    $5,693,407
    From this org
    $5,620,377
    From related orgs
    $0
    Other
    $73,030
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $3,371,251
    Bonus
    $2,189,713
    Other
    $59,413
    Deferred
    $46,000
    Nontaxable benefits
    $27,030
    Filer's total
    $5,693,407

  • BRIAN E KIMMEL

    EXECUTIVE VP, COO AND CFO

    Total calculated
    $988,343
    From this org
    $919,249
    From related orgs
    $0
    Other
    $69,094
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $749,996
    Bonus
    $165,641
    Other
    $3,612
    Deferred
    $36,198
    Nontaxable benefits
    $32,896
    Filer's total
    $988,343

  • LYLE K BECKWITH

    SR. V.P., GOVERNMENT RELATIONS

    Total calculated
    $852,669
    From this org
    $784,927
    From related orgs
    $0
    Other
    $67,742
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $735,000
    Bonus
    $39,258
    Other
    $10,669
    Deferred
    $46,000
    Nontaxable benefits
    $21,742
    Filer's total
    $852,669

  • DOUGLAS STEPHEN KANTOR

    GENERAL COUNSEL

    Total calculated
    $768,048
    From this org
    $704,102
    From related orgs
    $0
    Other
    $63,946
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $668,750
    Bonus
    $31,740
    Other
    $3,612
    Deferred
    $31,050
    Nontaxable benefits
    $32,896
    Filer's total
    $768,048

  • LORI BUSS STILLMAN

    V.P., RESEARCH

    Total calculated
    $728,075
    From this org
    $697,025
    From related orgs
    $0
    Other
    $31,050
    Hours/week
    36.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $584,154
    Bonus
    $109,259
    Other
    $3,612
    Deferred
    $31,050
    Nontaxable benefits
    $0
    Filer's total
    $728,075

  • ROBERT J HUGHES

    VP, SUPPLIER RELATIONS/EXPOSITIONS

    Total calculated
    $558,043
    From this org
    $479,147
    From related orgs
    $0
    Other
    $78,896
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $446,238
    Bonus
    $27,364
    Other
    $5,545
    Deferred
    $46,000
    Nontaxable benefits
    $32,896
    Filer's total
    $558,043

  • JOHN EICHBERGER

    TEI EXECUTIVE DIRECTOR

    Total calculated
    $500,324
    From this org
    $50,000
    From related orgs
    $407,882
    Other
    $42,442
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $50,000 + $366,000 related
    Bonus
    $0 + $40,000 related
    Other
    $0 + $1,882 related
    Deferred
    $0 + $20,700 related
    Nontaxable benefits
    $0 + $21,742 related
    Filer's total
    $50,000 + $450,324 related

  • STEPHANIE SIKORSKI

    VICE PRESIDENT, MARKETING

    Total calculated
    $429,671
    From this org
    $388,062
    From related orgs
    $0
    Other
    $41,609
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $367,500
    Bonus
    $19,740
    Other
    $822
    Deferred
    $31,050
    Nontaxable benefits
    $10,559
    Filer's total
    $429,671

  • JEFFREY C BURRELL

    VICE PRESIDENT, ENGAGEMENT

    Total calculated
    $379,148
    From this org
    $361,995
    From related orgs
    $0
    Other
    $17,153
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $355,692
    Bonus
    $4,479
    Other
    $1,824
    Deferred
    $17,153
    Nontaxable benefits
    $0
    Filer's total
    $379,148

  • JOSEPH J LENARD

    VP, STRATEGIC INDUSTRY INITIATIVES

    Total calculated
    $421,855
    From this org
    $336,689
    From related orgs
    $0
    Other
    $85,166
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $310,128
    Bonus
    $22,046
    Other
    $4,515
    Deferred
    $52,270
    Nontaxable benefits
    $32,896
    Filer's total
    $421,855

  • ANNA READY BLOM

    DIRECTOR, GOVERNMENT RELATIONS

    Total calculated
    $432,173
    From this org
    $371,865
    From related orgs
    $0
    Other
    $60,308
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $345,231
    Bonus
    $25,929
    Other
    $705
    Deferred
    $31,050
    Nontaxable benefits
    $29,258
    Filer's total
    $432,173

  • CHRISTOPHER RAPANICK

    MANAGING DIRECTOR, NACS RESEARCH

    Total calculated
    $329,684
    From this org
    $286,196
    From related orgs
    $0
    Other
    $43,488
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $210,000
    Bonus
    $75,175
    Other
    $1,021
    Deferred
    $16,458
    Nontaxable benefits
    $27,030
    Filer's total
    $329,684

  • TED STEVEN ASPROOTH

    NATIONAL SALES MANAGER

    Total calculated
    $308,747
    From this org
    $268,141
    From related orgs
    $0
    Other
    $40,606
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $145,613
    Bonus
    $118,714
    Other
    $3,814
    Deferred
    $22,603
    Nontaxable benefits
    $18,003
    Filer's total
    $308,747

  • JONATHAN TAETS

    DIRECTOR, GOVERNMENT RELATIONS

    Total calculated
    $306,892
    From this org
    $255,319
    From related orgs
    $0
    Other
    $51,573
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $240,511
    Bonus
    $14,032
    Other
    $776
    Deferred
    $22,315
    Nontaxable benefits
    $29,258
    Filer's total
    $306,892

  • MATTHEW MORRIS - DIRECTOR

    COMPUTER AND NETWORK OPERATIONS

    Total calculated
    $276,296
    From this org
    $223,996
    From related orgs
    $0
    Other
    $52,300
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $207,875
    Bonus
    $15,463
    Other
    $658
    Deferred
    $19,404
    Nontaxable benefits
    $32,896
    Filer's total
    $276,296

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
FIRST CLASS TRAVEL IS PERMITTED ON LONG-DURATION FLIGHTS IN ACCORDANCE WITH THE TERMS OF WRITTEN EMPLOYMENT CONTRACTS. THIS BENEFIT WAS PROVIDED TO HENRY ARMOUR. AMOUNTS ARE INCLUDED IN TAXABLE COMPENSATION. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: NACS GROSSES UP THE ORGANIZATION'S PAYMENT OF ANY TAX OBLIGATION FOR HENRY ARMOUR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THE NACS FOUNDATION

    501(C)(3) · EDUCATION AND RESEARCH · VA · controlled entity

    Directly controlled by NATIONAL ASSOCIATION OF CONVENIENCE STORES

  • NACSPAC

    527 · REPRESENTS THE INTERESTS OF CONVENIENCE STORES AND PETROLEUM MARKETING · VA · controlled entity

    Directly controlled by NATIONAL ASSOCIATION OF CONVENIENCE STORES

  • CONEXXUS

    501(C)(6) · MEMBERSHIP ORGANIZATION · VA · controlled entity

    Directly controlled by NATIONAL ASSOCIATION OF CONVENIENCE STORES

  • TRANSPORTATION ENERGY INSTITUTE

    501(C)(4) · SOCIAL WELFARE ORGANIZATION · VA · controlled entity

    Directly controlled by NATIONAL ASSOCIATION OF CONVENIENCE STORES

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • CONVENIENCE LLC

    SUPPORT INITIATIVES THAT STRENGTHEN THE CONVENIENCE · VA · income $1,190,571 · assets $15,082,746

    Directly controlled by NACS

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202503149349301215

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.