Overview
What is Native American Finance Officer Association?
The Native American Finance Officer Association (NAFOA) is a nonprofit organization situated in Washington D.C., specifically at 1101 30TH STREET NW 500. Their primary focus is to foster the growth of tribal economies and enhance the financial stability of American Indian and Alaska Native communities. NAFOA achieves this by advocating for sound economic and fiscal policies, developing innovative training programs in financial management, nurturing the financial skills of the future generation, and convening tribal leadership, professionals, and economic partners to tackle economic growth challenges and changes. By strengthening tribal finance, NAFOA aims to support the advancement of independent and culturally vibrant communities.
Official website here: www.nafoa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Native American Finance Officer Association has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The score reflects a strong commitment to financial transparency and responsible resource management, with a notable program expense ratio of 75.68%. This suggests that a significant portion of their expenses is directed towards programmatic activities.
The organization benefits from a fully independent board, with 80% of its members meeting this criterion, which enhances its governance practices. Furthermore, the absence of any material diversion of assets and the presence of comprehensive policies, including conflict of interest and whistleblower policies, contribute to its high accountability score.
However, while the financial indicators are promising, the score is based solely on the Accountability & Finance beacon. This may limit insights into the effectiveness and impact of their programs, suggesting that potential donors or supporters might want to consider additional factors when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Native American Finance Officer Association legitimate?
Native American Finance Officer Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Native American Finance Officer Association 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: $274,532
Professional Fundraising Fees: $0
Other Salaries and Wages: $497,199
For more financial information, click here
Official website here: www.nafoa.org
What is the mission statement of Native American Finance Officer Association?
The Native American Finance Officer Association (NAFOA) aims to stimulate the economic growth of tribal communities by enhancing their financial stability. Their mission is achieved through advocating for sound economic and fiscal policies, creating innovative financial management training programs, fostering the financial and economic skills of the upcoming generation, and convening tribal leaders, experienced professionals, and economic partners to tackle the challenges posed by economic growth and change. By supporting independent and culturally vibrant American Indian and Alaska Native communities, NAFOA works towards strengthening tribal finance.
Official website here: www.nafoa.org
Who is the CEO of Native American Finance Officer Association?
Susan Masten is the President of Native American Finance Officer Association.
Official website here: www.nafoa.org
What is the revenue of Native American Finance Officer Association?
Native American Finance Officer Association's revenue in 2022 was $2,763,236.
Official website here: www.nafoa.org
Who are the executives of Native American Finance Officer Association and what are their salaries?
The average compensation at Native American Finance Officer Association during 2022 was $96,466. There are 8 employees and 4 volunteers at Native American Finance Officer Association.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $114,583
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $159,949
- Related: $0
- Other: $32,723
- Compensation: $118,109
- Related: $0
- Other: $5,999
- Compensation: $108,500
- Related: $0
- Other: $2,060
Official website here: www.nafoa.org
Where can I find the form 990 for Native American Finance Officer Association?
Native American Finance Officer Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nafoa.org
Learn more at the official website: www.nafoa.org
Mission Statement of Native American Finance Officer Association
The Native American Finance Officer Association, or NAFOA, is committed to fostering the economic growth of tribal communities by enhancing their financial capabilities. Their mission is to strengthen tribal finance, thereby supporting the development of independent and culturally rich American Indian and Alaska Native communities. NAFOA accomplishes this by advocating for sound economic and fiscal policies, creating innovative training programs in financial management, nurturing the financial and economic skills of the upcoming generation, and bringing together tribal leadership, experienced professionals, and economic partners to tackle the challenges of economic growth and change. By focusing on these areas, NAFOA aims to empower tribal communities to thrive and maintain their unique cultural identities.
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Impact
July, 2024
The Native American Finance Officer Association has a significant impact on tribal economies by strengthening tribal finance. Through its work in growing tribal economies and supporting the advancement of independent and culturally vibrant American Indian and Alaska Native communities, NAFOA advocates for sound economic and fiscal policy. Additionally, NAFOA develops innovative training programs in financial management, builds the financial and economic skills of the next generation, and convenes tribal leadership, experienced professionals, and economic partners to address the challenges of economic growth and change. By focusing on strengthening tribal finance, NAFOA contributes to the overall economic development and sustainability of Native American communities.
This information is meant to be a general summary of Native American Finance Officer Association. 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: $3,683
- Program Service Revenue: $2,346,929
- Gross Receipts: $2,767,201
Assets and Liabilities:
- Total Assets: $1,582,346
- Total Liabilities: $540,170
- Net Assets: $1,042,176
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE FEES
Revenue
$874,588
CONFERENCE SPONSORSHIP
Revenue
$802,549
MEMBERSHIP DUES
Revenue
$669,792
Organization Details
Founding Year
1999
Phone
(202) 631-2003Principal Officer
Susan Masten
Main Address
1101 30TH STREET NW 500, WASHINGTON, DC, 20007
Website
www.nafoa.orgNTEE Category
Code: V20 - Social research
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