Overview
What is Naf?
NAF, or The Academy of Finance, is a New York-based nonprofit organization with a mission to bridge the gap between education and the financial industry. They operate 175 academies across the country and connect high school students with the financial services and personal finance sectors through a comprehensive curriculum. This curriculum encompasses topics such as banking and credit, financial planning, global finance, securities, insurance, accounting, and economics. NAF brings education, business, and community leaders together to transform the high school experience and address challenges facing both education and the economy. The organization has a workforce of 111 employees.
Official website here: www.naf.org
What are the reviews and ratings of this charity?
98% rating from Charity Navigator indicates that Naf has achieved a Four-Star out of Four Star rating, reflecting a high level of accountability and financial stewardship. The organization excels in key areas such as independent board governance and financial oversight, with perfect scores in several metrics including independent board members and the absence of asset diversion.
Despite its overall strong performance, Naf faces challenges in its impact measurement and leadership adaptability, scoring significantly lower in these areas. While the organization demonstrates a commendable commitment to program delivery, the lower ratings in measuring the impact of its programs suggest that there is room for improvement in evaluating and communicating its outcomes.
Overall, Naf showcases solid financial health and governance, which are crucial for trust and stability in a nonprofit. However, stakeholders may want to see enhancements in how the organization measures and reports its impact to better understand its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Naf?
100% of 26 reviewers on Facebook recommend Naf. Here is a summary of their reviews:
The organization is highly praised for its outstanding networking and collaboration support. Reviewers express a sense of pride and fulfillment in being part of a team that is actively working towards equipping students for future success. The commitment to prepare students to "Be Future Ready" resonates strongly with those involved, creating a positive community atmosphere.
Overall, participants feel that Naf truly delivers on its mission, making a significant impact on both students and educators. The strong recommendation rate reflects a unified sentiment of satisfaction and appreciation for the services provided.
This AI summary has been generated from reviews found on Facebook.
Is Naf legitimate?
Naf is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naf 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: $3,776,558
Professional Fundraising Fees: $161,460
Other Salaries and Wages: $6,770,048
For more financial information, click here
Official website here: www.naf.org
What is the mission statement of Naf?
NAF focuses on addressing significant challenges in education and the economy by serving as a catalyst for collaboration between education, business, and community leaders. Through this partnership, NAF aims to enhance the high school experience. The Academy of Finance, which operates under NAF's umbrella, connects students with the financial services sector and personal finance. The Academy offers a comprehensive curriculum that encompasses topics such as banking and credit, financial planning, insurance, accounting, economics, and global finance securities. This curriculum is endorsed by the Council for Economic Education.
Official website here: www.naf.org
Who is the CEO of Naf?
Lisa Dughi is the Chief Executive Officer of Naf. The CEO's salary of Naf is $103,949 and their total compensation is $117,450.
Official website here: www.naf.org
What is the revenue of Naf?
Naf's revenue in 2022 was $13,558,397.
Official website here: www.naf.org
Who are the executives of Naf and what are their salaries?
The average compensation at Naf during 2022 was $95,014. There are 111 employees and 4250 volunteers at Naf.
Here are 45 key members and their salaries (Naf's CEO's salary is $103,949 and their total compensation is $117,450):
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- Other: $18,111
- Compensation: $103,949
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- Other: $13,501
Official website here: www.naf.org
Where can I find the form 990 for Naf?
Naf's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naf.org
Learn more at the official website: www.naf.org
Mission Statement of Naf
NAF, or National Academy Foundation, addresses some of the most significant issues in education and the economy by fostering collaboration between education institutions, businesses, and community leaders. Through this partnership, NAF aims to revolutionize the high school experience.
The Academy of Finance, an initiative run by NAF, plays a pivotal role in connecting high school students with the financial services sector and personal finance. This comprehensive curriculum covers essential topics such as banking and credit, financial planning, global finance, securities, insurance, accounting, and economics. The Academy of Finance's curriculum and certification are Authenticated by the Council for Economic Education. By exposing students to real-world applications of these concepts, NAF equips them with the necessary skills and knowledge to thrive in their future careers. This unique approach not only benefits students but also fosters a stronger connection between the education and business communities.
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Impact
October, 2024
NAF significantly impacts the education sector and the economy by addressing critical challenges through the integration of education, business, and community leadership. By transforming the high school experience, NAF connects students with the world of financial services and personal finance through the Academy of Finance, which encompasses 175 academies.
This program offers a comprehensive curriculum that includes essential topics such as banking and credit, financial planning, global finance, securities, insurance, accounting, and economics. The curriculum is not only robust but also validated by the Council for Economic Education, ensuring that students receive a quality education that prepares them for careers in finance.
As a result, NAF equips students with practical skills and knowledge, fostering a better understanding of the financial world and enhancing their employability in a competitive job market. This holistic approach ultimately contributes to a more informed and skilled workforce, benefitting both individuals and the broader economy.
This information is meant to be a general summary of Naf. 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: $211,522
- Program Service Revenue: $1,859,358
- Gross Receipts: $20,428,288
Assets and Liabilities:
- Total Assets: $19,081,833
- Total Liabilities: $6,243,639
- Net Assets: $12,838,194
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$1,272,849
CONFERENCE REGISTRATION FEES
Revenue
$306,212
SCHOOL DISTRICT CONTRACTS
Revenue
$280,297
Organization Details
Founding Year
1988
Phone
(212) 635-2400Principal Officer
Lisa Dughi
Main Address
218 WEST 40TH STREET 5TH FLOOR, NEW YORK, NY, 10018
Website
www.naf.orgNTEE Category
Code: B190 - Education
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