Overview
What is National Institute Of Governmental Purchasing Inc?
National Institute of Governmental Purchasing Inc, headquartered in Herndon, Virginia, is a dedicated nonprofit organization with a mission to promote and support the public procurement profession. They accomplish this by offering top-tier educational programs, research initiatives, and advocacy efforts, all tailored to benefit their members and constituents. Their activities encompass organizing face-to-face classes on various procurement topics, hosting annual conferences like The Forum, and providing platforms for professionals to network and showcase their latest products and services. The Forum includes educational workshops, networking sessions, and a product exposition. In summary, National Institute of Governmental Purchasing Inc plays a vital role in fostering growth and advancement in the public procurement sector.
Official website here: www.nigp.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The National Institute Of Governmental Purchasing Inc has received an overall score of 84% from Charity Navigator, reflecting a solid performance in terms of accountability and finance. The organization boasts a fully independent board structure and effective oversight measures, which are critical indicators of its governance strength. With no material diversion of assets and comprehensive policies in place, the nonprofit demonstrates a commitment to transparency and accountability.
However, the organization faces some challenges, particularly in its program expense ratio, which stands at 62.22%. While this indicates a reasonable level of spending on programs relative to total expenses, it suggests there may be room for improvement in maximizing the impact of their financial resources. Additionally, the liabilities to assets ratio of 57.91% points to a significant portion of their assets being leveraged, which could be a consideration for future financial stability.
Overall, the National Institute Of Governmental Purchasing Inc is recognized for its strong governance practices and financial accountability, indicating a reliable organization. Nevertheless, stakeholders may want to monitor its efficiency in program expenditures to ensure long-term effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is National Institute Of Governmental Purchasing Inc legitimate?
National Institute Of Governmental Purchasing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Institute Of Governmental Purchasing 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: $313,984
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,598,635
For more financial information, click here
Official website here: www.nigp.org/
What is the mission statement of National Institute Of Governmental Purchasing Inc?
The National Institute of Governmental Purchasing Inc's mission is centered around advancing the public procurement profession. They aim to achieve this by offering premier educational and research programs, providing professional support, and engaging in advocacy initiatives. These initiatives are designed to benefit their members and constituents. Their activities include organizing face-to-face classes on various public procurement topics, hosting events like The Forum, which features educational workshops, networking sessions, and a product exposition showcasing the latest government-used products and services. Moreover, they offer general sessions with professional speakers and workshops led by subject matter experts on procurement-related issues.
Official website here: www.nigp.org/
Who is the CEO of National Institute Of Governmental Purchasing Inc?
Richard Grimm is the Principal Officer of National Institute Of Governmental Purchasing Inc. The CEO's salary of National Institute Of Governmental Purchasing Inc is $278,788 and their total compensation is $326,304.
Official website here: www.nigp.org/
What is the revenue of National Institute Of Governmental Purchasing Inc?
National Institute Of Governmental Purchasing Inc's revenue in 2022 was $6,853,088.
Official website here: www.nigp.org/
Who are the executives of National Institute Of Governmental Purchasing Inc and what are their salaries?
The average compensation at National Institute Of Governmental Purchasing Inc during 2022 was $93,955. There are 31 employees and 235 volunteers at National Institute Of Governmental Purchasing Inc.
Here are 17 key members and their salaries (National Institute Of Governmental Purchasing Inc's CEO's salary is $278,788 and their total compensation is $326,304):
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- Compensation: $278,788
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- Other: $47,516
- Compensation: $171,635
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- Other: $45,247
- Compensation: $169,960
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- Other: $32,479
- Compensation: $140,124
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- Other: $24,637
- Compensation: $113,696
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- Other: $16,059
- Compensation: $107,180
- Related: $0
- Other: $16,632
Official website here: www.nigp.org/
Where can I find the form 990 for National Institute Of Governmental Purchasing Inc?
National Institute Of Governmental Purchasing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nigp.org/
Learn more at the official website: www.nigp.org/
Mission Statement of National Institute Of Governmental Purchasing Inc
The National Institute of Governmental Purchasing Inc is committed to advancing the public procurement profession. Their mission is to achieve this goal through premier educational and research programs, professional support, and advocacy initiatives. By offering these resources, they aim to benefit both their members and constituents.
The organization provides a range of events and content to accomplish its mission. These events include face-to-face classes on various public procurement topics, as well as the annual Forum. The Forum features educational workshops, formal networking sessions, and a products exposition showcasing the latest products and services used by the government. Additionally, the National Institute of Governmental Purchasing Inc offers numerous educational opportunities, including general sessions with professional speakers and workshops led by subject matter experts on procurement-related issues.
In essence, the National Institute of Governmental Purchasing Inc is dedicated to fostering the growth and development of the public procurement profession. By offering a diverse array of educational and advocacy initiatives, they aim to support professionals in this field and promote best practices in public procurement.
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Impact
July, 2024
National Institute Of Governmental Purchasing Inc plays a significant role in developing, supporting, and promoting the public procurement profession. Through their premier educational and research programs, professional support, and advocacy initiatives, they benefit their members and constituents. The organization hosts events such as face-to-face classes and their annual conference, The Forum, which features educational workshops, networking sessions, and a products exposition showcasing the latest government-related products and services. By providing educational opportunities and fostering a community of procurement professionals, National Institute Of Governmental Purchasing Inc makes a positive impact on the public procurement sector and contributes to the improvement of communities.
This information is meant to be a general summary of National Institute Of Governmental Purchasing 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: $69,805
- Program Service Revenue: $5,840,807
- Gross Receipts: $6,853,088
Assets and Liabilities:
- Total Assets: $6,283,863
- Total Liabilities: $3,467,948
- Net Assets: $2,815,915
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS AND CONTENT
Revenue
$3,245,172
MEMBERSHIP DUES
Revenue
$1,723,758
ENTERPRISES
Revenue
$776,672
PROFESSIONAL DEVELOPME
Revenue
$95,205
Organization Details
Founding Year
1945
Phone
(703) 736-8900Principal Officer
Richard Grimm
Main Address
2411 DULLES CORNER PARK NO 350, HERNDON, VA, 20171
Website
www.nigp.org/NTEE Category
Code: S41 - Community improvement
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