NATIONAL BUSINESS EDUCATION ASSOCIATION

EIN: 520886073 501(c)(3) Education

Reston, VA

Total Revenue
$2,140,494
Total Expenses
$2,185,110
Total Assets
$978,199
Net Assets
$974,565
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
DC
Principal Officer
JOE MCCLARY
Phone
7038608300
Tax Period
2023-07-01 to 2024-06-30

NATIONAL BUSINESS EDUCATION ASSOCIATION, founded in 1969, is a small nonprofit in the Education sector that reported $725K in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 55% operating deficit.

Mission

TO PROMOTE BUSINESS EDUCATION FOR STUDENTS AND SERVE AS A UNIFYING AGENCY AMONG REGIONAL CHAPTERS.

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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 $1,567,442
Program Service Revenue $509,304
Investment Income $7,683
Other Revenue $56,065
TOTAL REVENUE $2,140,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $347,532
Fundraising Expenses $0
Program Expenses $2,042,119
Other Expenses $1,837,578
TOTAL EXPENSES $2,185,110

Year-over-Year Comparison

2023 2022 Change
Revenue $2,140,494 $2,052,881 +0.0%
Expenses $2,185,110 $2,174,956 +0.0%
Net Income $-44,616 $-122,075 -0.6%
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
12
Independent Members
12
Employees
3
Volunteers
12

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
$179,154
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joe McClary Executive Director 37.5
Officer
$160,000 $19,154 $179,154
Thomas Mays Board Member 1.0
Director
$0 $0 $0
DeLayne Havlovic Past President 1.0
Officer Director
$0 $0 $0
Lori Hauf President Elect 1.5
Officer Director
$0 $0 $0
Sherrell Wheeler Board Member 1.0
Director
$0 $0 $0
Chris Liebelt-Garcia Board Member 1.0
Director
$0 $0 $0
Pamela Bracey Board Member 1.0
Director
$0 $0 $0
Barbara Hagler President 3.0
Officer Director
$0 $0 $0
Cindy Durkee Board Member 1.0
Director
$0 $0 $0
Glenith Moncus Board Member 1.0
Director
$0 $0 $0
Dennis Krejci Secretary/Treasurer 1.5
Officer Director
$0 $0 $0
Elizabeth Diamone Board Member 1.0
Director
$0 $0 $0
Cheryl Wiedmaier Board Member 1.0
Director
$0 $0 $0
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
2025 No data No data No data No data
2024 $2,140,494 $2,185,110 $978,199 $-44,616
2023 $2,052,881 $2,174,956 $883,861 $-122,075
2022 $664,331 $627,145 $890,983 $37,186
2021 $472,041 $765,198 $1,035,874 $-293,157
2020 $2,149,124 $957,524 $1,260,392 $1,191,600
2019 $659,214 $1,083,630 $240,614 $-424,416
2018 $725,035 $1,123,031 $566,469 $-397,996
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