Overview
What is National Business Education Association?
The National Business Education Association, situated in Reston, Virginia, is a nonprofit organization with a focus on promoting business education for students. With approximately 3,000 members, they disseminate information about developments in this field through various publications. Their primary mission is to serve as a unifying agency for regional chapters, fostering collaboration and advancing business education. This includes both vocational and non-vocational students, ensuring comprehensive education in this vital area. The organization employs a team of three individuals, dedicated to achieving these goals.
Official website here: www.nbea.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The National Business Education Association (NBEA) has achieved an impressive 92% score, reflecting strong accountability and financial management practices. The rating is based solely on the Accountability & Finance beacon, which signifies the organization's commitment to transparency and responsible governance. The organization boasts a fully independent board, efficient program expenses, and a low liability-to-assets ratio, indicating solid financial health.
Strengths highlighted include the thoroughness of financial oversight, with comprehensive audits and established policies in place. The NBEA's program expense ratio is notably high at 83.70%, demonstrating a focus on delivering value through its programs. Additionally, the absence of any material diversion of assets further underscores its reliability.
However, there are some limitations, particularly concerning governance policies. The organization lacks a whistleblower policy and document retention policy, which may raise concerns about internal accountability mechanisms. Despite these minor gaps, the overall rating suggests that NBEA is a well-managed nonprofit dedicated to its mission in business education.
This AI summary has been generated from information found on Charity Navigator.
Is National Business Education Association legitimate?
National Business Education Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Business Education 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: $165,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $115,987
For more financial information, click here
Official website here: www.nbea.org
What is the mission statement of National Business Education Association?
The National Business Education Association's mission is centered around promoting business education for both vocational and non-vocational students. Acting as a unifying agency, it aims to bring together various regional chapters. To achieve this, they disseminate information about developments in business education to their approximately 3,000 members through various publications.
Official website here: www.nbea.org
Who is the CEO of National Business Education Association?
Joe Mcclary is the Board Member of National Business Education Association.
Official website here: www.nbea.org
What is the revenue of National Business Education Association?
National Business Education Association's revenue in 2022 was $664,331.
Official website here: www.nbea.org
Who are the executives of National Business Education Association and what are their salaries?
The average compensation at National Business Education Association during 2022 was $93,662. There are 3 employees and 12 volunteers at National Business Education Association.
Here are 12 key members and their salaries:
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- Compensation: $150,000
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- Other: $15,000
Official website here: www.nbea.org
Where can I find the form 990 for National Business Education Association?
National Business Education Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbea.org
Learn more at the official website: www.nbea.org
Mission Statement of National Business Education Association
The National Business Education Association, abbreviated as NBEA, is dedicated to promoting business education for students. Its mission extends beyond vocational learners, encompassing non-vocational students as well. Serving as a unifying agency, NBEA brings together various regional chapters to foster a united front in the field of business education.
In pursuit of its mission, NBEA disseminates relevant information regarding developments in business education. This is accomplished through the distribution of a wide array of publications to its approximately 3,000 members. By doing so, the organization ensures that educators and students remain up-to-date with the latest trends and advancements in the field, thereby contributing to the overall development of future business leaders.
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Impact
July, 2024
The National Business Education Association plays a crucial role in promoting business education for students and serving as a unifying agency among regional chapters. Through the dissemination of various publications to approximately 3,000 members, the organization significantly contributes to keeping its members updated on developments in business education. This helps ensure that educators in the field have access to relevant resources and information, ultimately impacting the quality of business education provided to both vocational and non-vocational students. By fulfilling its mission to promote business education and foster collaboration among regional chapters, the National Business Education Association plays a vital role in advancing the field of business education.
This information is meant to be a general summary of National Business Education 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: $10,946
- Program Service Revenue: $544,486
- Gross Receipts: $664,331
Assets and Liabilities:
- Total Assets: $890,983
- Total Liabilities: $3,634
- Net Assets: $887,349
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP
Revenue
$340,243
CONVENTION
Revenue
$162,838
PUBLICATION AND PRODUC
Revenue
$41,405
Organization Details
Founding Year
1969
Phone
(703) 860-8300Principal Officer
Joe Mcclary
Main Address
1908 ASSOCIATION DRIVE B, RESTON, VA, 20191
Website
www.nbea.orgNTEE Category
Code: B030 - Education
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