NATIONAL ASSOCIATION OF ATTORNEYS GENERAL MISSION FOUNDATION INC

EIN: 300088843 501(c)(3) Public & Societal Benefit

WASHINGTON, DC

Total Revenue
$3,258,863
Total Expenses
$6,147,731
Total Assets
$110,260,714
Net Assets
$98,802,957
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DE
Principal Officer
THERESIA HELLER
Phone
2023266000
Tax Period
2023-01-01 to 2023-12-31

NATIONAL ASSOCIATION OF ATTORNEYS GENERAL MISSION FOUNDATION INC, founded in 2002, is a community nonprofit in the Public & Societal Benefit sector that reported $3.3M in total revenue in fiscal year 2023. Revenue surged 201% from the prior year, signaling strong growth momentum. Expenses of $6.1M exceeded revenue, resulting in a 89% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO ENGAGE IN EDUCATION, RESEARCH, AND TRAINING PROGRAMS TO BENEFIT THE MEMBERS OF THE NATIONAL ASSOCIATION OF ATTORNEYS GENERAL, WHO SERVE 50 STATES AND 6 TERRITORIES IN THEIR CAPACITIES AS GOVERNMENT OFFICIALS.

Program Service Accomplishments

Program 1
Expenses: $3,132,391 Revenue: $453,265

NAAG TRAINING, RESEARCH AND NATIONAL MEETINGS: THE NATIONAL ATTORNEYS GENERAL TRAINING AND FOR ATTORNEYS GENERAL STAFF. COURSES ARE SCHOLARSHIP BASED AND ARE TAUGHT BY A DIVERSE AND EXPERIENCED...

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NAAG TRAINING, RESEARCH AND NATIONAL MEETINGS: THE NATIONAL ATTORNEYS GENERAL TRAINING AND FOR ATTORNEYS GENERAL STAFF. COURSES ARE SCHOLARSHIP BASED AND ARE TAUGHT BY A DIVERSE AND EXPERIENCED FACULTY AND COVER A BROAD ARRAY OF TOPICS. ATTENDEES CAN EARN CLE CREDITS. TOPICS COVER CYBERCRIME ISSUES, CRIMINAL LAW, TRIAL, LITIGATION AND GENERAL ADVOCACY SKILLS, LEADERSHIP AND MANAGEMENT SKILLS, AND CONSUMER PROTECTION. 2 ANNUAL MEETINGS AND UP TO 3 REGIONAL MEETINGS PROVIDE AN OPPORTUNITY FOR AGS TO INTERACT WITH EACH OTHER AND WORK TOGETHER ON ISSUES AFFECTING THE STATES. ATTENDEES CAN EARN CLE CREDITS. TOPICS COVER A WIDE RANGE FROM STATE/FEDERAL COOPERATION, PREEMPTION, MULTISTATE PROCEEDINGS, CONSUMER PROTECTION AND OTHER ISSUES. A PRESIDENTIAL SUMMIT IS HELD AT THE DIRECTION OF THE NAAG PRESIDENT TO ADDRESS A SPECIFIC RELEVANT TOPIC.

Program 2
Expenses: $1,003,373

NAAG'S IT DEPARTMENT MAINTAINS AND ENHANCES VITAL SYSTEMS TO SUPPORT THE ATTORNEY GENERAL COMMUNITY IN THEIR PUBLIC SERVICE MISSION. THROUGH OUR ASSOCIATION MANAGEMENT SYSTEM (AMS) AND LEARNING...

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NAAG'S IT DEPARTMENT MAINTAINS AND ENHANCES VITAL SYSTEMS TO SUPPORT THE ATTORNEY GENERAL COMMUNITY IN THEIR PUBLIC SERVICE MISSION. THROUGH OUR ASSOCIATION MANAGEMENT SYSTEM (AMS) AND LEARNING MANAGEMENT SYSTEM (LMS), WE PROVIDE MEMBERS WITH STREAMLINED ACCESS TO PROGRAM REGISTRATION, BILLING MANAGEMENT, TRAINING RESOURCES, AND HISTORICAL RECORDS. OUR IT INFRASTRUCTURE INCLUDES ADVANCED CYBERSECURITY MEASURES TO SAFEGUARD SENSITIVE INFORMATION, ENSURING THAT MEMBERS CAN SECURELY ACCESS THE TOOLS AND RESOURCES THEY NEED TO SERVE THE PUBLIC EFFECTIVELY.

Program 3
Expenses: $207,574 Revenue: $13,377

NAAG STRENGTHENS OUTREACH AND COMMUNICATIONS TO ENHANCE THE VISIBILITY OF THE ATTORNEY GENERAL COMMUNITY AND RAISE AWARENESS OF CRITICAL LEGAL AND LAW ENFORCEMENT ISSUES THAT IMPACT PUBLIC WELFARE...

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NAAG STRENGTHENS OUTREACH AND COMMUNICATIONS TO ENHANCE THE VISIBILITY OF THE ATTORNEY GENERAL COMMUNITY AND RAISE AWARENESS OF CRITICAL LEGAL AND LAW ENFORCEMENT ISSUES THAT IMPACT PUBLIC WELFARE. OUR COMMUNICATIONS EFFORTS INCLUDE MAINTAINING A VARIETY OF AG-SPECIFIC PUBLICATIONS COVERING KEY TOPICS SUCH AS POWERS AND DUTIES, ANTITRUST, AND BANKRUPTCY, ALONG WITH NEWSLETTERS THAT INFORM THE AG COMMUNITY ON CURRENT LEGISLATION, COURT CASES, AND EMERGING TRENDS IN AREAS SUCH AS SUPREME COURT ACTIONS, CONSUMER PROTECTION, AND CYBERSECURITY AND TECHNOLOGY ISSUES IN THE LEGAL FIELD. THROUGH THESE INITIATIVES, NAAG SUPPORTS THE ATTORNEY GENERAL COMMUNITY IN STAYING INFORMED AND ENGAGED ON MATTERS OF NATIONAL AND STATE SIGNIFICANCE

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $50,000
Program Service Revenue $466,642
Investment Income $3,635,603
Other Revenue $-893,382
TOTAL REVENUE $3,258,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $4,432,030
Other Expenses $6,147,731
TOTAL EXPENSES $6,147,731

Year-over-Year Comparison

2023 2022 Change
Revenue $3,258,863 $1,084,262 +2.0%
Expenses $6,147,731 $6,881,997 -0.1%
Net Income $-2,888,868 $-5,797,735 -0.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
7

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$1,080,897
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM TONG TREASURER 1.00
Officer Director
$0 $0 $0
DAVE YOST BOARD MEMBER 1.00
Director
$0 $0 $0
ELLEN ROSENBLUM BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN FORMELLA BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH STEIN BOARD MEMBER 1.00
Director
$0 $0 $0
BRIAN KANE EXECUTIVE DIRECTOR 18.00
Officer
$0 $22,079 $421,455
ALBERT LAMA DEPUTY DIRECTOR (THRU 4/30/23) 18.00
Officer
$0 $14,209 $246,865
THERESIA HELLER CHIEF FINANCIAL OFFICER 18.00
Officer
$0 $33,961 $215,290
ERIN SCHECHTER CHIEF ADMINISTRATIVE OFFICER 20.00
Officer
$0 $31,291 $197,287
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $3,258,863 $6,147,731 $110,260,714 $-2,888,868
2022 $1,084,262 $6,881,997 $106,046,878 $-5,797,735
2021 $7,966,977 $3,381,906 $117,463,522 $4,585,071
2021 $7,966,977 $3,381,906 $117,463,522 $4,585,071
2020 $1,810,081 $2,737,089 $104,113,330 $-927,008
2019 $4,147,715 $4,362,215 $94,828,514 $-214,500
2018 $16,423,745 $4,007,416 $92,438,355 $12,416,329
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