Form 990 for tax year 2024
Filed by NATIONAL FEDERAL DEVELOPMENT ASSOCIATION INC.
Totals
- Total revenue
- $218,600
- Total expenses
- $160,761
- Contributions and grants received
- $50,467
- Grants paid
- $0
- Program service revenue
- $163,550
- Investment income
- $4,583
- Other revenue
- $0
- Total assets, end of year
- $238,083
- Total liabilities, end of year
- $325
- Net assets or fund balances, end of year
- $237,758
- Program services expenses (Part IX)
- $79,025
- Management and general expenses
- $81,736
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $79,025
Program services were 49.2% 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.
-
1b · Membership dues
$50,467
-
2a · Program service revenue: ANNUAL CONFERENCE FEES
total $161,550 · related or exempt $161,550
-
2b · Program service revenue: CONFERENCE ADVERTISERS
total $2,000 · related or exempt $2,000
-
3 · Investment income
total $4,583 · related or exempt $4,583
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $79,025 · program services $79,025
-
11b · Fees: legal
total $211 · management and general $211
-
11c · Fees: accounting
total $3,600 · management and general $3,600
-
13 · Office expenses
total $321 · management and general $321
-
14 · Information technology
total $6,742 · management and general $6,742
-
16 · Occupancy
total $408 · management and general $408
-
23 · Insurance
total $904 · management and general $904
-
24a · Other expenses: BANK FEES
total $5,798 · management and general $5,798
-
24b · Other expenses: INDEPENDENT CONTRACTORS
total $54,752 · management and general $54,752
-
24c · Other expenses: BAD DEBT EXPENSE
total $9,000 · management and general $9,000
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $175,852 · end of year $113,350
-
2 · Savings and temporary cash investments
end of year $124,583
-
4 · Accounts receivable
beginning of year $9,600
-
9 · Prepaid expenses and deferred charges
beginning of year $151 · end of year $150
-
17 · Accounts payable and accrued expenses
beginning of year $5,684 · end of year $325
-
31 · Retained earnings, endowment or other funds
beginning of year $179,919 · end of year $237,758
Mission and programs · 2024
Mission
ANNUAL CONFERENCE CHAPTER MEETINGS EDUCATION COMMUNICATION ON MATTERS OF INTEREST TO MEMEBERS WHO PROVIDE REAL ESTATE DEVELOPMENT, FINANCING, INSURANCE AND PROPERTY MANAGEMENT TO US.
-
ANNUAL CONFERENCE CHAPTER MEETINGS EDUCATION COMMUNICATION ON MATTERS OF INTEREST TO MEMEBERS.
Expenses $79,025 · Revenue $214,017
As filed on the 2024 return.
Listed in Part VII
-
Bismark BrackettBISMARK BRACKETT
TREASURERSECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Diana ParksDIANA PARKS
EXECUTIVE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Ronald KendallRONALD KENDALL
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 15
-
Fran CowanFRAN COWAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Marcy Owens TestMARCY OWENS TEST
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
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
- 2024
- Filed
- 23 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543009349301689
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