Overview
What is National Association Of Corporate Directors New England Chapter Inc?
National Association of Corporate Directors New England Chapter Inc, abbreviated as NACDNE, is a prominent nonprofit organization situated in Boston, Massachusetts. Its primary role is to foster high professional standards and offer governance education to boards of directors and senior corporate management. The organization, being part of the NACD's network with a presence in Washington D.C. and over 20 regional chapters across the U.S., plays a significant part in enhancing corporate governance nationwide. Every year, NACDNE recognizes outstanding leadership and achievements of corporate boards and individual directors in the New England area through their "Director of the Year" event. This award, presented nationally for over 23 years, honors full boards and independent directors of public, private, and non-profit boards who have made substantial contributions to their respective boards and significantly protected or improved stakeholder value. With a small workforce of only 2 individuals, NACDNE continues to make a meaningful impact in the corporate governance landscape of the New England region.
Official website here: www.nacdne.org
What are the reviews and ratings of this charity?
88% rating from Charity Navigator indicates a Three-Star out of Four Star rating for the National Association Of Corporate Directors New England Chapter Inc. This score reflects a strong emphasis on accountability and finance, showcasing the organization’s transparency and efficient financial management practices.
The organization excels in several key areas, including having a fully independent board and a robust audit and oversight committee. Notably, it has scored full points for its majority independent board members and a favorable liabilities to assets ratio. Additionally, the organization maintains good practices around conflict of interest and document management, further enhancing its accountability.
However, the charity does have a gap in its whistleblower policy, which was noted as missing. While this does not significantly detract from its overall performance, it is an area for potential improvement to enhance governance practices. Overall, the organization demonstrates a commitment to responsible management, which is reflected in its strong financial ratios and program expense allocation.
This AI summary has been generated from information found on Charity Navigator.
Is National Association Of Corporate Directors New England Chapter Inc legitimate?
National Association Of Corporate Directors New England Chapter Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Corporate Directors New England Chapter Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $156,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nacdne.org
What is the mission statement of National Association Of Corporate Directors New England Chapter Inc?
The National Association of Corporate Directors New England Chapter Inc focuses on promoting high professional standards and offering governance education to boards of directors and senior corporate management. Their primary activity involves providing instruction and resources to enhance the governance practices within various organizations. One of their notable initiatives is the annual "Director of the Year" event, which recognizes the achievements of corporate boards and individual directors. With a national presence in Washington D.C. and multiple regional chapters across the United States, including the New England chapter, the association is a leading force in enhancing corporate governance in the country. The Director of the Year award, presented nationally for over 23 years, honors boards and directors who have made significant contributions to the organizations they serve, thereby protecting or enhancing stakeholder value.
Official website here: www.nacdne.org
Who is the CEO of National Association Of Corporate Directors New England Chapter Inc?
Allison Egbert is the Chair of National Association Of Corporate Directors New England Chapter Inc.
Official website here: www.nacdne.org
What is the revenue of National Association Of Corporate Directors New England Chapter Inc?
National Association Of Corporate Directors New England Chapter Inc's revenue in 2023 was $794,870.
Official website here: www.nacdne.org
Who are the executives of National Association Of Corporate Directors New England Chapter Inc and what are their salaries?
The average compensation at National Association Of Corporate Directors New England Chapter Inc during 2023 was $78,048. There are 2 employees and 24 volunteers at National Association Of Corporate Directors New England Chapter Inc.
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- Compensation: $141,250
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- Other: $16,998
Official website here: www.nacdne.org
Where can I find the form 990 for National Association Of Corporate Directors New England Chapter Inc?
National Association Of Corporate Directors New England Chapter Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nacdne.org
Learn more at the official website: www.nacdne.org
Mission Statement of National Association Of Corporate Directors New England Chapter Inc
The National Association of Corporate Directors New England Chapter Inc, often referred to as NACD New England Chapter, is committed to upholding high professional standards and providing governance education to boards of directors and senior corporate management. Their mission is to act as a leading authority in enhancing corporate governance across the United States, with a particular focus on the New England region. Through their activities, they aim to promote best practices in board leadership and foster a culture of responsible decision-making within corporations. By providing education and resources, NACD New England Chapter empowers directors to make informed decisions that protect and enhance stakeholder value. This mission is underscored by their annual "Director of the Year" event, which recognizes outstanding leadership and accomplishments in corporate governance.
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Impact
July, 2024
The impact of the National Association Of Corporate Directors New England Chapter Inc is significant in promoting high professional standards and providing governance education to boards of directors and senior corporate management. Through initiatives like the annual "Director of the Year" event, the organization recognizes leadership and accomplishments of corporate boards and individual directors in New England. By being part of a national organization dedicated to enhancing corporate governance in the United States, NACDNE plays a crucial role in fostering good governance practices in the region. Their efforts in honoring valuable contributions of directors and entire boards towards stakeholder value enhancement have a tangible impact on the business community in New England.
This information is meant to be a general summary of National Association Of Corporate Directors New England Chapter Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $53,688
- Program Service Revenue: $741,182
- Gross Receipts: $794,870
Assets and Liabilities:
- Total Assets: $1,464,887
- Total Liabilities: $51,475
- Net Assets: $1,413,412
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT INCOME
Revenue
$509,000
PROGRAM SPONSORSHIPS
Revenue
$145,000
NACD BUDGET CONTRIBUTI
Revenue
$53,790
PROGRAM FEES
Revenue
$33,392
Organization Details
Founding Year
1996
Phone
(978) 992-1167Principal Officer
Allison Egbert
Main Address
120 CAUSEWAY STREET 400, BOSTON, MA, 02114
Website
www.nacdne.orgNTEE Category
Code: T03 - Philanthropy
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