Overview
What is National Association Of College And University Business Officers?
The National Association of College and University Business Officers (NACUBO) is a Washington, D.C.-based nonprofit organization dedicated to improving financial and administrative management at institutions of higher education. With a team of 48 employees, NACUBO serves as an advocate for colleges and universities with Congress and federal agencies. They keep members informed of federal actions, solicit opinions and concerns, and advocate for their best interests. NACUBO's advocacy efforts are often coordinated with other higher education associations. Additionally, they conduct research, such as longitudinal studies on the higher education industry and short surveys on specific issues. NACUBO has received funding for a grant to develop strategic finance models prioritizing student equity, success, and completion initiatives. They facilitate the creation of frameworks, tools, and models to help institutions move towards sustainable, institution-wide financial and operational activities. NACUBO also manages a database for its membership and regional affiliated associations, improving member service through a content management system and association website. NACUBO recognizes institutional and individual excellence through an awards program.
Official website here: www.nacubo.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 93% (Four-Star out of Four Star rating)
The National Association of College and University Business Officers has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization's overall score is derived solely from its high accountability standards, with a notable 93% accountability & finance score. Key strengths include a board composed entirely of independent members, ensuring governance integrity, and robust financial oversight measures, such as a solid audit and oversight committee.
Financially, the organization demonstrates a sound program expense ratio at 76.15%, indicating that a significant portion of its resources is directed toward its mission. Additionally, there are no material diversions of assets, underscoring stable fiscal management. However, the fundraising efficiency ratio of $0.06 suggests that fundraising efforts may require improvement to enhance its overall financial health.
Overall, while the National Association of College and University Business Officers excels in many financial and governance aspects, addressing its fundraising efficiency could further strengthen its operational effectiveness. The organization stands out for its commitment to transparency and accountability, making it a trusted entity in its field.
This AI summary has been generated from information found on Charity Navigator.
Is National Association Of College And University Business Officers legitimate?
National Association Of College And University Business Officers is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of College And University Business Officers 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: $1,678,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,532,299
For more financial information, click here
Official website here: www.nacubo.org
What is the mission statement of National Association Of College And University Business Officers?
The National Association of College and University Business Officers (NACUBO) strives to enhance financial and administrative management at institutions of higher education. Through its activities, NACUBO fosters professional ideals and standards in business and financial administration. NACUBO's primary mission is to improve financial and administrative management in higher education. To achieve this, NACUBO draws upon expertise, shares knowledge, offers technical assistance, and promotes innovation in business practices. NACUBO focuses on areas such as accounting and financial management, taxation, student financial services, and business operations, including information technology and facilities management.
Official website here: www.nacubo.org
Who is the CEO of National Association Of College And University Business Officers?
Lynne C Shaefer is the President And Ceo of National Association Of College And University Business Officers. The CEO's salary of National Association Of College And University Business Officers is $418,365 and their total compensation is $453,033.
Official website here: www.nacubo.org
What is the revenue of National Association Of College And University Business Officers?
National Association Of College And University Business Officers's revenue in 2022 was $19,712,645.
Official website here: www.nacubo.org
Who are the executives of National Association Of College And University Business Officers and what are their salaries?
The average compensation at National Association Of College And University Business Officers during 2022 was $108,559. There are 48 employees and 23 volunteers at National Association Of College And University Business Officers.
Here are 33 key members and their salaries (National Association Of College And University Business Officers's CEO's salary is $418,365 and their total compensation is $453,033):
- Compensation: $418,365
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- Other: $34,668
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- Compensation: $301,368
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- Other: $41,430
- Compensation: $210,509
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- Other: $26,331
- Compensation: $184,996
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- Other: $40,692
- Compensation: $191,974
- Related: $0
- Other: $29,556
- Compensation: $173,753
- Related: $0
- Other: $24,504
- Compensation: $146,277
- Related: $0
- Other: $28,601
- Compensation: $138,171
- Related: $0
- Other: $36,420
- Compensation: $115,266
- Related: $0
- Other: $30,279
- Compensation: $120,174
- Related: $0
- Other: $24,360
- Compensation: $110,250
- Related: $0
- Other: $25,137
Official website here: www.nacubo.org
Where can I find the form 990 for National Association Of College And University Business Officers?
National Association Of College And University Business Officers's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nacubo.org
Learn more at the official website: www.nacubo.org
Mission Statement of National Association Of College And University Business Officers
The National Association of College and University Business Officers (NACUBO) is a leading organization with a mission to enhance financial and administrative management at institutions of higher education. This esteemed body focuses on developing, promoting, and refining business and financial principles and practices within the higher education sector. By fostering professional ideals and standards in business and financial administration, NACUBO strives to make a significant impact on the functioning of educational institutions.
At the heart of NACUBO's mission lies the pursuit of improved financial and administrative management in universities and colleges. To achieve this goal, the association brings together expertise, shares knowledge, offers technical assistance, and encourages innovation in business practices. The scope of this mission encompasses several crucial areas, including accounting and financial management, taxation, student financial services, and business operations.
In the realm of accounting and financial management, NACUBO's influence extends to endowments and debt management. By fostering best practices in these areas, the organization helps institutions maintain financial stability and sustainability. The association also pays close attention to taxation matters, ensuring that higher education institutions remain compliant with relevant regulations and optimize their financial resources.
The focus on student financial services involves advocating for policies that benefit students, promoting transparency and affordability, and addressing the unique challenges faced by students. In the area of business operations, NACUBO emphasizes the importance of information technology and facilities management for the effective and efficient functioning of institutions. Through its various initiatives, the National Association of College and University Business Officers plays a vital role in shaping the financial landscape of higher education institutions across the nation.
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Impact
October, 2024
The National Association of College and University Business Officers (NACUBO) plays a significant role in enhancing the financial and administrative management of higher education institutions. By actively providing member services, NACUBO keeps educational institutions informed of federal actions, advocates for their interests with Congress and various federal agencies, and collaborates with other associations in the higher education landscape.
NACUBO also engages in crucial research efforts, including ongoing longitudinal studies such as the annual examination of college and university endowments. Additionally, they conduct targeted surveys to address specific concerns within the sector, ensuring that institutions have access to relevant data and insights.
Through grant-funded initiatives, NACUBO is developing strategic finance models that promote student equity and success, focusing on frameworks and tools that facilitate sustainable financial and operational practices. This work aims to improve equitable outcomes for students—particularly by enhancing guided pathways and transfer outcomes.
By managing a comprehensive association management system linked to regional affiliates, NACUBO enhances member service through effective tracking and billing mechanisms. Their awards program recognizes both individual and institutional excellence in areas like financial management and process improvement, thereby fostering a culture of innovation and exemplary performance among member institutions.
In summary, NACUBO's impact is far-reaching, as it not only improves the management practices within higher education but also advocates for the sector's interests and contributes to the overall advancement of educational institutions nationwide.
This information is meant to be a general summary of National Association Of College And University Business Officers. 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: $1,218,289
- Program Service Revenue: $3,531,699
- Gross Receipts: $22,560,954
Assets and Liabilities:
- Total Assets: $30,694,720
- Total Liabilities: $11,342,397
- Net Assets: $19,352,323
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$1,743,576
CONFERENCES, WORKSHOPS & SEMINARS
Revenue
$1,615,358
ADVERTISING
Revenue
$172,765
Organization Details
Founding Year
1956
Phone
(202) 861-2500Principal Officer
Lynne C Shaefer
Main Address
1110 VERMONT AVENUE NW 800, WASHINGTON, DC, 20005
Website
www.nacubo.orgNTEE Category
Code: S41 - Community improvement
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