Overview
What is National Association Of Educational Procurement Inc?
The National Association Of Educational Procurement Inc is a professional organization, headquartered in Oklahoma City, Oklahoma, dedicated to supporting higher education procurement professionals. They provide a platform for knowledge and skill development through conferences, meetings, and educational programs. The association aims to help members navigate the evolving procurement landscape by offering expert-sharing sessions, training programs, and ongoing coaching. The NAEP Annual Meeting is a significant event that connects professionals from various educational institutions across the country, fostering the exchange of best practices and success stories. The organization's mission is to promote ethical and innovative procurement strategies within educational institutions and associated communities, achieving this goal through collaboration, professional development, networking, and advocacy. The association has a team of five dedicated individuals working towards its mission.
Official website here: www.naepnet.org/
What are the reviews and ratings of this charity?
95% Rating from Charity Navigator
The National Association Of Educational Procurement Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, with an impressive overall score of 95%. This rating reflects the organization’s strong commitment to accountability and finance, as it is based solely on their fiscal management practices. Their high score indicates that they are effectively managing their resources and are transparent in their financial dealings.
One of the key strengths of the organization is its governance structure, which boasts a fully independent board of directors. With a total of 12 independent members, they have maintained a robust oversight mechanism that includes a dedicated audit and oversight committee. The organization also adheres to best practices with policies regarding conflict of interest, whistleblowing, and document retention, all of which contribute to its high accountability score.
While the organization shows strong financial responsibility, it has a program expense ratio of 69.31%, indicating that a significant portion of its budget is allocated to program services. This suggests that the National Association Of Educational Procurement Inc is focused on delivering value in its educational procurement efforts, though there is a slight room for optimization in operational expenses to further enhance the impact of their programs.
This AI summary has been generated from information found on Charity Navigator.
Is National Association Of Educational Procurement Inc legitimate?
National Association Of Educational Procurement Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Educational Procurement 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: $104,457
Professional Fundraising Fees: $0
Other Salaries and Wages: $162,257
For more financial information, click here
Official website here: www.naepnet.org/
What is the mission statement of National Association Of Educational Procurement Inc?
The National Association of Educational Procurement Inc serves educational institutions nationwide with the aim of advancing ethical and innovative procurement strategies. This is achieved through collaboration, professional development, networking, and advocacy. The association recognizes the evolving nature of procurement and offers resources, high-quality professional development, and specialized events to help professionals in higher education build their knowledge, skills, and abilities. The annual meeting provides an opportunity for these professionals to connect and share best practices, fostering a network of like-minded individuals.
Official website here: www.naepnet.org/
Who is the CEO of National Association Of Educational Procurement Inc?
Sara K Luther is the Chair of National Association Of Educational Procurement Inc.
Official website here: www.naepnet.org/
What is the revenue of National Association Of Educational Procurement Inc?
National Association Of Educational Procurement Inc's revenue in 2022 was $2,154,636.
Official website here: www.naepnet.org/
Who are the executives of National Association Of Educational Procurement Inc and what are their salaries?
The average compensation at National Association Of Educational Procurement Inc during 2022 was $53,343. There are 5 employees and 100 volunteers at National Association Of Educational Procurement Inc.
Here are 13 key members and their salaries:
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Official website here: www.naepnet.org/
Where can I find the form 990 for National Association Of Educational Procurement Inc?
National Association Of Educational Procurement Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naepnet.org/
Learn more at the official website: www.naepnet.org/
Mission Statement of National Association Of Educational Procurement Inc
The National Association of Educational Procurement Inc, a renowned professional organization, is committed to promoting the advancement of ethical and innovative procurement strategies within educational institutions and related communities. Through collaboration, professional development, networking, and advocacy, this association strives to empower its members to navigate the ever-evolving landscape of procurement in higher education. The mission of the National Association of Educational Procurement Inc is to provide robust resources, high-quality professional development, and specialized events, enabling procurement professionals within the higher education sector to continuously build their knowledge, skills, and abilities. This is achieved through expertise sharing, formal and informal training, and ongoing coaching, ensuring that members are well-equipped to meet the challenges posed by the consistently growing and changing procurement landscape. The association's annual meeting serves as a valuable platform, offering in-person access to a network of other higher education procurement professionals from across the country, where they can share best practices and success stories.
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Impact
July, 2024
The National Association of Educational Procurement Inc, through its professional development opportunities and networking events, plays a crucial role in advancing ethical and innovative procurement strategies within educational institutions and associated communities. By providing a platform for the sharing of best practices, success stories, and expertise, NAEP contributes to the continuous improvement of procurement practices in higher education. This not only benefits individual procurement professionals but also enhances the overall efficiency and effectiveness of educational institutions across the nation.
This information is meant to be a general summary of National Association Of Educational Procurement 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 2022.
- Investment Income: $3,841
- Program Service Revenue: $1,966,857
- Gross Receipts: $2,355,555
Assets and Liabilities:
- Total Assets: $1,064,289
- Total Liabilities: $520,032
- Net Assets: $544,257
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NAEP Annual Meeting
Revenue
$1,045,232
Membership Dues
Revenue
$591,385
E&I Sponsorship
Revenue
$300,000
Procurement Academy &
Revenue
$30,240
Organization Details
Founding Year
1921
Phone
(443) 543-5540Principal Officer
Sara K Luther
Main Address
PO Box 18188, Oklahoma City, OK, 73154
Website
www.naepnet.org/NTEE Category
Code: S41 - Community improvement
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