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Nonprofiteer
← NASEO INSTITUTE INC

Form 990 for tax year 2023

Filed by NASEO INSTITUTE INC.

Totals

Total revenue
$1,191,992
Total expenses
$982,841
Contributions and grants received
$0
Grants paid
$90,000
Program service revenue
$1,191,992
Investment income
$0
Other revenue
$0
Total assets, end of year
$826,701
Total liabilities, end of year
$315,026
Net assets or fund balances, end of year
$511,675
Program services expenses (Part IX)
$904,647
Management and general expenses
$78,194
Fundraising expenses
$0
Program service expenses (Part III)
$904,647

Program services were 92.0% 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.

  • 2a · Program service revenue: MEETING REVENUE

    total $1,191,992 · related or exempt $1,191,992

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $90,000 · program services $90,000

  • 5 · Compensation of officers, directors and key employees

    total $65,247 · program services $54,819 · management and general $10,428

  • 11b · Fees: legal

    total $482 · management and general $482

  • 11c · Fees: accounting

    total $2,500 · management and general $2,500

  • 11g · Fees: other

    total $38,732 · program services $38,732

  • 13 · Office expenses

    total $15,150 · program services $15,150

  • 17 · Travel

    total $55,275 · program services $44,990 · management and general $10,285

  • 19 · Conferences, conventions and meetings

    total $657,304 · program services $657,304

  • 24a · Other expenses: CREDIT CARD & BANK FEES

    total $54,499 · management and general $54,499

  • 24b · Other expenses: OTHER

    total $3,652 · program services $3,652

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $400,623 · end of year $577,637

  • 2 · Savings and temporary cash investments

    beginning of year $26,292 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,446

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,505 · end of year $64,801

  • 15 · Other assets

    beginning of year $150,154 · end of year $182,817

  • 19 · Deferred revenue

    beginning of year $285,050 · end of year $315,026

  • 27 · Net assets without donor restrictions

    beginning of year $302,524 · end of year $511,675

Mission and programs · 2023

Mission

NASEO INSTITUTE, INC WAS ORGANIZED FOR THE PURPOSE OF PROVIDING EDUCATION, TRAINING AND OUTREACH TO STATE ENERGY OFFICIALS

Activities or mission (Part I)

PROVIDING EDUCATION, TRAINING, AND OUTREACH TO STATE ENERGY OFFICIALS

  • ANNUAL MEETING

    Expenses $471,561 · Revenue $720,617

  • OUTLOOK MEETING

    Expenses $261,337 · Revenue $385,525

  • STATE TERRITORY OFFICES

    Expenses $90,000 · Grants $90,000

  • Expenses $81,749 · Revenue $85,850

As filed on the 2023 return.

Listed in Part VII

  • Francis Murray

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Eddy Trevino

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 3 related

  • Carol Werner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Paul Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • William Taylor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Robert Jackson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • David Terry

    PRESIDENT

    Total calculated
    $548,192
    From this org
    $0
    From related orgs
    $494,758
    Other
    $53,434
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $459,435 related
    Bonus
    $0
    Other
    $0 + $35,323 related
    Deferred
    $0 + $33,000 related
    Nontaxable benefits
    $0 + $20,434 related
    Filer's total
    $0 + $548,192 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

The filer's explanations (Part III)

PART I, LINE 3
NASEO INSTITUTE'S AFFILIATE, NASEO, ESTABLISHES THE COMPENSATION.

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

  • NASEO

    $90,000

    TO FURTHER OUTREACH AND DEVELOPMENT OF PROGRAMS

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
12 March 2025
IRS schema version
2023v6.0
Source object
202530739349300633

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