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← NATIONAL ASSOCIATION OF ATTORNEYS GENERAL MISSION FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF ATTORNEYS GENERAL MISSION FOUNDATION INC.

Totals

Total revenue
$3,258,863
Total expenses
$6,147,731
Contributions and grants received
$50,000
Grants paid
$0
Program service revenue
$466,642
Investment income
$3,635,603
Other revenue
-$893,382
Total assets, end of year
$110,260,714
Total liabilities, end of year
$11,457,757
Net assets or fund balances, end of year
$98,802,957
Program services expenses (Part IX)
$4,432,030
Management and general expenses
$1,715,701
Fundraising expenses
$0
Program service expenses (Part III)
$4,432,030

Program services were 72.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1d · Related organizations

    $50,000

  • 2a · Program service revenue: REGISTRATIONS

    total $453,265 · related or exempt $453,265

  • 2b · Program service revenue: PUBLICATIONS

    total $13,377 · related or exempt $13,377

  • 3 · Investment income

    total $1,416,926 · unrelated business $335,018 · excluded $1,081,908

  • 5 · Royalties

    total $63 · excluded $63

  • 6a · Gross rents

    real property $85,750

  • 6b · Less rental expenses

    real property $979,195

  • 6c · Rental income or loss

    real property -$893,445

  • 6d · Net rental income or loss

    total -$893,445 · excluded -$893,445

  • 7a · Gross sales of assets other than inventory

    securities $11,007,863

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

    securities $8,789,186

  • 7c · Gain or loss

    securities $2,218,677

  • 7d · Net gain or loss

    total $2,218,677 · excluded $2,218,677

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $71,943 · program services $4,500 · management and general $67,443

  • 11c · Fees: accounting

    total $16,450 · management and general $16,450

  • 11f · Fees: investment management

    total $279,696 · management and general $279,696

  • 11g · Fees: other

    total $465,762 · program services $435,495 · management and general $30,267

  • 12 · Advertising and promotion

    total $13,830 · program services $13,830

  • 13 · Office expenses

    total $230,701 · program services $139,100 · management and general $91,601

  • 14 · Information technology

    total $645,752 · program services $645,739 · management and general $13

  • 17 · Travel

    total $1,824,044 · program services $1,820,802 · management and general $3,242

  • 19 · Conferences, conventions and meetings

    total $1,209,043 · program services $1,208,523 · management and general $520

  • 21 · Payments to affiliates

    total $1,102,000 · program services $22,000 · management and general $1,080,000

  • 22 · Depreciation, depletion and amortization

    total $234,579 · program services $88,110 · management and general $146,469

  • 24a · Other expenses: CLE

    total $53,931 · program services $53,931

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,815,592 · end of year $3,013,704

  • 4 · Accounts receivable

    beginning of year $8,023 · end of year $32,577

  • 9 · Prepaid expenses and deferred charges

    beginning of year $352,073 · end of year $367,311

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

    $2,364,788

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

    $1,412,738

  • 10c · Land, buildings and equipment, net

    beginning of year $1,169,664 · end of year $952,050

  • 11 · Investments: publicly traded securities

    beginning of year $64,575,995 · end of year $70,588,844

  • 12 · Investments: other securities

    beginning of year $29,619,067 · end of year $28,627,900

  • 15 · Other assets

    beginning of year $7,506,464 · end of year $6,678,328

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,364,785 · end of year $736,695

  • 25 · Other liabilities

    beginning of year $10,216,594 · end of year $10,721,062

  • 27 · Net assets without donor restrictions

    beginning of year $94,157,630 · end of year $98,453,666

  • 28 · Net assets with donor restrictions

    beginning of year $307,869 · end of year $349,291

Mission and programs · 2023

Mission

THE FOUNDATION'S PURPOSE IS TO ENGAGE IN EDUCATION, RESEARCH, AND TRAINING PROGRAMS TO BENEFIT THE MEMBERS OF THE NATIONAL ASSOCIATION OF ATTORNEYS GENERAL, WHO SERVE 50 STATES AND 6 TERRITORIES IN THEIR CAPACITIES AS GOVERNMENT OFFICIALS.

Activities or mission (Part I)

TO ENGAGE IN EDUCATION, RESEARCH, AND TRAINING PROGRAMS DESIGNED TO BENEFIT THE MEMBERS OF THE NATIONAL ASSOCIATION OF ATTORNEYS GENERAL

  • NAAG TRAINING, RESEARCH AND NATIONAL MEETINGS: THE NATIONAL ATTORNEYS GENERAL TRAINING AND FOR ATTORNEYS GENERAL STAFF. COURSES ARE SCHOLARSHIP BASED AND ARE TAUGHT BY A DIVERSE AND EXPERIENCED FACULTY AND COVER A BROAD ARRAY OF TOPICS. ATTENDEES CAN EARN CLE CREDITS. TOPICS COVER CYBERCRIME ISSUES, CRIMINAL LAW, TRIAL, LITIGATION AND GENERAL ADVOCACY SKILLS, LEADERSHIP AND MANAGEMENT SKILLS, AND CONSUMER PROTECTION. 2 ANNUAL MEETINGS AND UP TO 3 REGIONAL MEETINGS PROVIDE AN OPPORTUNITY FOR AGS TO INTERACT WITH EACH OTHER AND WORK TOGETHER ON ISSUES AFFECTING THE STATES. ATTENDEES CAN EARN CLE CREDITS. TOPICS COVER A WIDE RANGE FROM STATE/FEDERAL COOPERATION, PREEMPTION, MULTISTATE PROCEEDINGS, CONSUMER PROTECTION AND OTHER ISSUES. A PRESIDENTIAL SUMMIT IS HELD AT THE DIRECTION OF THE NAAG PRESIDENT TO ADDRESS A SPECIFIC RELEVANT TOPIC.

    Expenses $3,132,391 · Revenue $453,265

  • NAAG'S IT DEPARTMENT MAINTAINS AND ENHANCES VITAL SYSTEMS TO SUPPORT THE ATTORNEY GENERAL COMMUNITY IN THEIR PUBLIC SERVICE MISSION. THROUGH OUR ASSOCIATION MANAGEMENT SYSTEM (AMS) AND LEARNING MANAGEMENT SYSTEM (LMS), WE PROVIDE MEMBERS WITH STREAMLINED ACCESS TO PROGRAM REGISTRATION, BILLING MANAGEMENT, TRAINING RESOURCES, AND HISTORICAL RECORDS. OUR IT INFRASTRUCTURE INCLUDES ADVANCED CYBERSECURITY MEASURES TO SAFEGUARD SENSITIVE INFORMATION, ENSURING THAT MEMBERS CAN SECURELY ACCESS THE TOOLS AND RESOURCES THEY NEED TO SERVE THE PUBLIC EFFECTIVELY.

    Expenses $1,003,373

  • NAAG STRENGTHENS OUTREACH AND COMMUNICATIONS TO ENHANCE THE VISIBILITY OF THE ATTORNEY GENERAL COMMUNITY AND RAISE AWARENESS OF CRITICAL LEGAL AND LAW ENFORCEMENT ISSUES THAT IMPACT PUBLIC WELFARE. OUR COMMUNICATIONS EFFORTS INCLUDE MAINTAINING A VARIETY OF AG-SPECIFIC PUBLICATIONS COVERING KEY TOPICS SUCH AS POWERS AND DUTIES, ANTITRUST, AND BANKRUPTCY, ALONG WITH NEWSLETTERS THAT INFORM THE AG COMMUNITY ON CURRENT LEGISLATION, COURT CASES, AND EMERGING TRENDS IN AREAS SUCH AS SUPREME COURT ACTIONS, CONSUMER PROTECTION, AND CYBERSECURITY AND TECHNOLOGY ISSUES IN THE LEGAL FIELD. THROUGH THESE INITIATIVES, NAAG SUPPORTS THE ATTORNEY GENERAL COMMUNITY IN STAYING INFORMED AND ENGAGED ON MATTERS OF NATIONAL AND STATE SIGNIFICANCE

    Expenses $207,574 · Revenue $13,377

  • SUPREME COURT ADVOCACY: THE NAAG CENTER FOR SUPREME COURT ADVOCACY ISSUES. A PRESIDENTIAL SUMMIT IS HELD AT THE DIRECTION OF THE NAAG PRESIDENT TO ADDRESS A SPECIFIC RELEVANT TOPIC. HELPS STATES PRESENT CASES EFFECTIVELY BEFORE THE UNITED STATES SUPREME COURT. THE CENTER CONDUCTS 15-25 MOOT COURTS EACH YEAR FOR MEMBERS OF STATE ATTORNEY GENERAL OFFICES AND OTHER ATTORNEYS REPRESENTING STATE AGENCIES AND OFFICIALS IN THE SUPREME COURT. THE CENTER EDITS SOME BRIEFS FILED BY STATE ATTORNEYS IN THE SUPREME COURT. THE CENTER ALSO HOSTS TWO CONFERENCES A YEAR AND PUBLISHES "THE SUPREME COURT REPORT." IT ALSO HOSTS 6 FELLOWS PER YEAR, WHO GAIN DIRECT AND HANDS-ON TRAINING AND EXPOSURE TO SUPREME COURT PRACTICE. LASTLY, THE CENTER CIRCULATES STATE AMICUS BRIEFS TO THE STATE ATTORNEY GENERAL OFFICES.

    Expenses $88,692

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • WILLIAM TONG

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DAVE YOST

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • ELLEN ROSENBLUM

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOHN FORMELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSH STEIN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • BRIAN KANE

    EXECUTIVE DIRECTOR

    Total calculated
    $421,455
    From this org
    $0
    From related orgs
    $399,376
    Other
    $22,079
    Hours/week
    18 + 19.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $379,688 related
    Bonus
    $0 + $19,688 related
    Other
    $0
    Deferred
    $0 + $9,123 related
    Nontaxable benefits
    $0 + $12,956 related
    Filer's total
    $0 + $421,455 related

  • ALBERT LAMA

    DEPUTY DIRECTOR (THRU 4/30/23)

    Total calculated
    $246,865
    From this org
    $0
    From related orgs
    $232,656
    Other
    $14,209
    Hours/week
    18 + 19.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $120,156 related
    Bonus
    $0
    Other
    $0 + $112,500 related
    Deferred
    $0 + $10,766 related
    Nontaxable benefits
    $0 + $3,443 related
    Filer's total
    $0 + $246,865 related

  • THERESIA HELLER

    CHIEF FINANCIAL OFFICER

    Total calculated
    $215,290
    From this org
    $0
    From related orgs
    $181,329
    Other
    $33,961
    Hours/week
    18 + 19.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $171,210 related
    Bonus
    $0 + $10,119 related
    Other
    $0
    Deferred
    $0 + $17,068 related
    Nontaxable benefits
    $0 + $16,893 related
    Filer's total
    $0 + $215,290 related

  • ERIN SCHECHTER

    CHIEF ADMINISTRATIVE OFFICER

    Total calculated
    $197,287
    From this org
    $0
    From related orgs
    $165,996
    Other
    $31,291
    Hours/week
    20 + 17.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,040 related
    Bonus
    $0 + $7,956 related
    Other
    $0
    Deferred
    $0 + $15,804 related
    Nontaxable benefits
    $0 + $15,487 related
    Filer's total
    $0 + $197,287 related

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

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION IS PAID BY THE RELATED ORGANIZATION, NATIONAL ASSOCIATION OF ATTORNEYS GENERAL (NAAG). NAAG'S BOARD OF DIRECTORS HIRES THE EXECUTIVE DIRECTOR. THE BOARD USES MARKET STATISTICS PROVIDED BY NAAG'S CHIEF OF STAFF/CHIEF ADMINISTRATIVE OFFICER AND CHIEF FINANCIAL OFFICER, AS WELL AS THEIR OWN SOURCES. THE BOARD'S RECOMMENDATION FOR THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON MARKET STATISTICS. MARKET STATISTICS AND PUBLICATIONS ARE USED TO COMPARE SALARY LEVELS WHEN HIRING NEW EMPLOYEES. REGULAR REVIEW OF MARKET DATA BY NAAG'S CHIEF OF STAFF/CHIEF ADMINISTRATIVE OFFICER, CHIEF FINANCIAL OFFICER, AND SENIOR LEVEL OFFICERS ON AN ONGOING BASIS HELPS DETERMINE SALARY ADJUSTMENTS.
PART I, LINE 4A
ALBERT LAMA RECEIVED SEVERANCE PAYMENTS OF $112,500 FROM NATIONAL ASSOCIATION OF ATTORNEYS GENERAL. THE TERMS AND CONDITIONS WERE CONSISTENT WITH INDUSTRY STANDARDS.

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

No itemized grants to organizations 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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202413199349314371

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