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Nonprofiteer
← THE NACS FOUNDATION

Form 990 for tax year 2024

Filed by THE NACS FOUNDATION.

Totals

Total revenue
$1,243,402
Total expenses
$1,238,233
Contributions and grants received
$1,237,733
Grants paid
$500
Program service revenue
$0
Investment income
$5,669
Other revenue
$0
Total assets, end of year
$368,681
Total liabilities, end of year
$205,191
Net assets or fund balances, end of year
$163,490
Program services expenses (Part IX)
$1,234,944
Management and general expenses
$3,289
Fundraising expenses
$0
Program service expenses (Part III)
$1,234,944

Program services were 99.7% 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

    $1,228,527

  • 1f · All other contributions, gifts and grants

    $9,206

  • 3 · Investment income

    total $5,669 · excluded $5,669

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $500 · program services $500

  • 11c · Fees: accounting

    total $2,850 · management and general $2,850

  • 24a · Other expenses: COMMITTEE SUPPORT

    total $1,234,444 · program services $1,234,444

  • 24b · Other expenses: CREDIT CARD FEES

    total $384 · management and general $384

  • 24c · Other expenses: MISCELLANEOUS

    total $55 · management and general $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $35,831 · end of year $41,405

  • 11 · Investments: publicly traded securities

    beginning of year $116,596 · end of year $122,085

  • 15 · Other assets

    beginning of year $8,725 · end of year $205,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,650 · end of year $9,564

  • 25 · Other liabilities

    beginning of year $0 · end of year $195,627

  • 28 · Net assets with donor restrictions

    beginning of year $158,502 · end of year $163,490

Mission and programs · 2024

Mission

TO EDUCATE ITS MEMBERS AND THE PUBLIC ON ISSUES AFFECTING THE CONVENIENCE RETAILING.

  • THE PURPOSE OF THE COMMUNITY AND INDUSTRY ADVANCEMENT PROGRAM IS TO SUPPORT EDUCATION AND RESEARCH THAT BUILDS INDUSTRY CAPABILITIES, KNOWLEDGE, IMAGE AND POSITIVE IMPACTS TO THE COMMUNITIES WE SERVE.

    Expenses $1,234,444

  • THE INTERNSHIP PROGRAM'S PURPOSE TO BROADEN PUBLIC KNOWLEDGE OF THE CONVENIENCE STORE INDUSTRY AND ENHANCE SUPPORT OF NACS' MISSION.

    Expenses $500 · Grants $500

As filed on the 2024 return.

Listed in Part VII

  • JOSE VICTOR PARDO PATERNO

    CHAIRMAN UNTIL 10/24, PAST-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • DONALD R RHOADS

    PAST-CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • JARED SCHEELER

    PAST-CHAIRMAN UNTIL 10/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LISA DELL'ALBA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • BRIAN HANNASCH

    TRUSTEE, CHAIRMAN AS OF 10/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • ANNE GAUTHIER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • VARISH GOYAL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • CHARLES C MCILVAINE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • LONNIE MCQUIRTER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TONY MILLER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • CHRIS BAMBURY

    TRUSTEE AS OF 10/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • TOM BRENNAN

    TRUSTEE AS OF 10/24

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • HENRY OGDEN ARMOUR

    TRUSTEE UNTIL 10/24, STAFF LIAISON

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

    Schedule J breakdown matched by us

    Base
    $0 + $3,371,251 related
    Bonus
    $0 + $2,189,713 related
    Other
    $0 + $59,413 related
    Deferred
    $0 + $46,000 related
    Nontaxable benefits
    $0 + $27,030 related
    Filer's total
    $0 + $5,693,407 related
  • BRIAN KIMMEL

    TRUSTEE UNTIL 10/24, STAFF PROXY

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

    Schedule J breakdown matched by us

    Base
    $0 + $749,996 related
    Bonus
    $0 + $165,641 related
    Other
    $0 + $3,612 related
    Deferred
    $0 + $36,198 related
    Nontaxable benefits
    $0 + $32,896 related
    Filer's total
    $0 + $988,343 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

None.

Answered no

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

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
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202543149349300349

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