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← NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF STATE AND LOCAL EQUITY FUNDS.

Totals

Total revenue
$679,194
Total expenses
$470,547
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$677,203
Investment income
$1,991
Other revenue
$0
Total assets, end of year
$427,323
Total liabilities, end of year
$45,492
Net assets or fund balances, end of year
$381,831
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: MEMBERSHIP DUES

    total $471,000 · related or exempt $471,000

  • 2b · Program service revenue: ANNUAL CONFERENCE SPON

    total $156,000 · related or exempt $156,000

  • 2c · Program service revenue: ANNUAL CONFERENCE REVE

    total $50,203 · related or exempt $50,203

  • 3 · Investment income

    total $1,991 · excluded $1,991

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $106,424

  • 11b · Fees: legal

    total $2

  • 11c · Fees: accounting

    total $13,600

  • 11d · Fees: lobbying

    total $72,000

  • 11g · Fees: other

    total $57,268

  • 13 · Office expenses

    total $1,508

  • 14 · Information technology

    total $2,135

  • 17 · Travel

    total $17,360

  • 19 · Conferences, conventions and meetings

    total $168,740

  • 23 · Insurance

    total $2,722

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $28,325

  • 24b · Other expenses: BANKING AND PROCESSING

    total $463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $141,588 · end of year $76,857

  • 2 · Savings and temporary cash investments

    end of year $301,966

  • 4 · Accounts receivable

    beginning of year $44,000 · end of year $48,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $35,531

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,935 · end of year $45,492

  • 27 · Net assets without donor restrictions

    beginning of year $173,184 · end of year $381,831

Mission and programs · 2023

Mission

TO PROMOTE THE EFFICIENT MANAGEMENT OF STATE AND LOCAL EQUITY FUNDS AND A GREATER UNDERSTANDING OF THE LOW INCOME HOUSING TAX CREDIT (LIHTC) AND ENCOURAGE THE PROFESSIONAL DEVELOPMENT OF ITS MEMBER ORGANIZATIONS.

  • ANNUAL CONFERENCE TO DISCUSS GENERAL ISSUES IN THE LOW INCOME HOUSING TAX CREDIT INDUSTRY.

  • PLACED ADS IN INDUSTRY PUBLICATIONS, EXHIBITED AT INDUSTRY MEETINGS, AND PUBLISHED AN ANNUAL REPORT TO PROMOTE THE ACCOMPLISHMENTS OF MEMBER STATE AND LOCAL EQUITY FUNDS.

As filed on the 2023 return.

Listed in Part VII

  • Ari Beliak

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Catherine Cawthon

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Brett Oumedian

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Dana Boole

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Newman

    PAST-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Nancy Owens

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stacy Sur

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Moddie Turay

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Walshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202423189349303037

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