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← NATIONAL ASSOC OF ELEMENTARY SCHOOL PRINCIPALS FOUNDATION

Form 990 for tax year 2022

Filed by NATIONAL ASSOC OF ELEMENTARY SCHOOL PRINCIPALS FOUNDATION.

Totals

Total revenue
$353,924
Total expenses
$566,887
Contributions and grants received
$344,080
Grants paid
$41,000
Program service revenue
$2,250
Investment income
$7,474
Other revenue
$120
Total assets, end of year
$1,054,062
Total liabilities, end of year
$245,437
Net assets or fund balances, end of year
$808,625
Program services expenses (Part IX)
$555,308
Management and general expenses
$11,579
Fundraising expenses
$0
Program service expenses (Part III)
$555,308

Program services were 98.0% 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.

  • 1e · Government grants (contributions)

    $84,400

  • 1f · All other contributions, gifts and grants

    $259,680

  • 2a · Program service revenue: REGISTRATION REVENUE

    total $2,250 · related or exempt $2,250

  • 3 · Investment income

    total $7,474 · excluded $7,474

  • 11d · All other revenue

    total $120 · related or exempt $120

  • 11e · Other revenue, total

    $120

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $41,000 · program services $41,000

  • 7 · Other salaries and wages

    total $82,619 · program services $82,619

  • 9 · Other employee benefits

    total $17,468 · program services $17,468

  • 11c · Fees: accounting

    total $5,120 · management and general $5,120

  • 11f · Fees: investment management

    total $1,275 · management and general $1,275

  • 11g · Fees: other

    total $229,345 · program services $228,930 · management and general $415

  • 12 · Advertising and promotion

    total $5,367 · program services $5,367

  • 13 · Office expenses

    total $20,981 · program services $20,981

  • 17 · Travel

    total $34,061 · program services $33,284 · management and general $777

  • 19 · Conferences, conventions and meetings

    total $89,997 · program services $89,997

  • 20 · Interest

    total $2,302 · program services $110 · management and general $2,192

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $34,161 · program services $34,161

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $2,258 · program services $860 · management and general $1,398

  • 24c · Other expenses: SUPPLIES

    total $933 · program services $531 · management and general $402

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $771,601 · end of year $649,032

  • 3 · Pledges and grants receivable

    beginning of year $44,000 · end of year $85,900

  • 4 · Accounts receivable

    beginning of year $50,900

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

    $721

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

    $721

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $309,016 · end of year $319,130

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,488 · end of year $10,669

  • 25 · Other liabilities

    beginning of year $100,000 · end of year $234,768

  • 27 · Net assets without donor restrictions

    beginning of year $252,432 · end of year $259,509

  • 28 · Net assets with donor restrictions

    beginning of year $757,597 · end of year $549,116

Mission and programs · 2022

Mission

THE NAESP FOUNDATION ADVANCES EXCELLENCE, INNOVATION, AND EQUITY IN SCHOOLS BY ENDOWING LEADERSHIP AND LEARNING FOR PRINCIPALS FOR THE BENEFIT OF CHILDREN.

Activities or mission (Part I)

ADVANCE EXCELLENCE, INNOVATION, & EQUITY IN SCHOOLS BY ENDOWING LEADERSHIP & LEARNING FOR PRINCIPALS

  • OVERSEAS SCHOOL PROGRAM FOCUSES ON ELEMENTARY AND SECONDARY EDUCATION AND HELPING TO ENSURE THAT AMERICAN-SPONSORED OVERSEAS SCHOOLS STAY ABREAST OF NEW ACADEMIC AND TECHNOLOGICAL OPPORTUNITIES OFFERED TO CHILDREN AND YOUTH IN THE U.S.

    Expenses $458,516 · Grants $41,000 · Revenue $2,370

  • THROUGH FUNDING PROVIDED BY THE WALLACE FOUNDATION, NAESP FOUNDATION IS COMPLETING PROJECTS IN REGARD TO THE KEY PRACTICES OF PRINCIPAL LEADERSHIP, WITH A SPECIAL FOCUS ON EARLY CAREER PRINCIPALS AND SOCIAL EMOTIONAL LEARNING. THESE PROJECTS INCLUDE: SESSIONS AT NAESP'S ANNUAL CONFERENCE; A CAPITOL HILL BRIEFING ON STRENGTHENING PRINCIPAL PREPARATION PROGRAMS; A WEBINAR ON EFFECTIVE PRINCIPAL PRACTICES FOR ASPIRING AND EARLY CAREER PRINCIPALS; A MAGAZINE ARTICLE AND A SPECIAL SUPPLEMENT IN NAESP'S PRINCIPAL MAGAZINE; DIGITAL DISSEMINATION OF WALLACE RESEARCH; AND NAESP STAFF PARTICIPATION IN THE WALLACE PROFESSIONAL LEARNING COMMUNITY MEETINGS. THESE ACTIVITIES WERE COMPLETED BY NAESP STAFF, AND WITH COLLABORATION WITH FREELANCERS AND YGS MEDIA AGENCY.

    Expenses $96,792

As filed on the 2022 return.

Listed in Part VII

  • L EARL FRANKS

    PRESIDENT

    Total calculated
    $354,183
    From this org
    $0
    From related orgs
    $302,915
    Other
    $51,268
    Hours/week
    5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,915 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $50,216 related
    Nontaxable benefits
    $0 + $1,052 related
    Filer's total
    $0 + $354,183 related

  • DAVE STECKLER

    SEC. (UNTIL 7/22)/VP (AS OF 8/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • PAUL WENGER

    VICE PRESIDENT (UNTIL 7/22)

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • KEVIN ARMSTRONG EDD

    TREASURER (AS OF 8/22)

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • LIZA CARABALLO-SUAREZ EDD

    TREAS. (UNT. 7/22)/SEC. (AS OF 8/22)

    Total calculated
    $0
    Hours/week
    1 + 2 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS DETERMINED BY NATIONAL ASSOCIATION OF ELEMENTARY SCHOOL PRINCIPALS (NAESP). NAESP'S ATTORNEY WORKS WITH NAESP'S FINANCE COMMITTEE TO REVIEW AND PROVIDE COMPARATIVE DATA FOR COMPENSATION OF TOP-LEVEL EXECUTIVES.
PART I, LINE 4B
CONTRIBUTIONS WERE MADE INTO A 457F PLAN BY NAESP, A RELATED ORGANIZATION, ON BEHALF OF L. EARL FRANKS FOR $29,013.

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

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
2022
Filed
18 April 2024
IRS schema version
2022v5.0
Source object
202441139349301119

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