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Naums Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 870743481 ✦ Midlothian, TX ✦ Designated as a 501(c)(3)

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Overview

What is Naums Inc?

Naums Inc is a nonprofit organization based in Midlothian, Texas. Their primary focus is to promote, launch, certify, support, unify, and mentor university-model schools across the United States. With a dedicated workforce of nine individuals, Naums Inc plays a crucial role in fostering the growth and development of these educational institutions. They strive to unify and strengthen the network of university-model schools, providing mentorship and resources to ensure their success. This commitment to education aims to enhance learning experiences and prepare students for the future.


Official website here: www.naumsinc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81%, Three-Star out of Four Star rating.

Naums Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in Accountability and Finance. The organization boasts a high degree of transparency and adherence to financial best practices, reflected in its perfect scores for independent board membership, absence of material diversions of assets, and comprehensive policy listings on its website.

The charity demonstrates a solid commitment to financial health, with a program expense ratio of 77.44%, ensuring that a significant portion of its funds directly supports its mission. It also maintains a favorable liabilities to assets ratio of 5.15%, showcasing its ability to manage debt effectively. However, the overall score is solely based on the Accountability & Finance beacon, which may limit insights into other operational aspects or programmatic effectiveness.

While Naums Inc shows strength in governance and fiscal responsibility, potential donors may want to seek additional information about its programs and impact to gain a fuller picture of the organization’s effectiveness and mission fulfillment.


This AI summary has been generated from information found on Charity Navigator.

Is Naums Inc legitimate?

Naums Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naums 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,599

For more financial information, click here


Official website here: www.naumsinc.org

What is the mission statement of Naums Inc?

Naums Inc's primary mission is to actively promote, initiate, endorse, facilitate, and mentor university-model schools nationwide. Their role involves launching these educational institutions, certifying their standards, providing support, fostering unity, and offering guidance. Their ultimate goal is to unify and strengthen the network of university-model schools across the United States.


Official website here: www.naumsinc.org

Who is the CEO of Naums Inc?

Barbara N Freeman is the Member of Naums Inc.


Official website here: www.naumsinc.org

What is the revenue of Naums Inc?

Naums Inc's revenue in 2022 was $623,945.


Official website here: www.naumsinc.org

Who are the executives of Naums Inc and what are their salaries?

The average compensation at Naums Inc during 2022 was $29,733. There are 9 employees at Naums Inc.


Here are 6 key members and their salaries:


Jeff Cooper (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Smith (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Mcllvoy (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Reuthinger (Chairman Tre)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Veler (Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barabara Van Wart (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.naumsinc.org

Where can I find the form 990 for Naums Inc?

Naums Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.naumsinc.org

Learn more at the official website: www.naumsinc.org

Mission Statement of Naums Inc

Naums Inc, as a nonprofit organization, is dedicated to promoting, launching, certifying, supporting, unifying, and mentoring university-model schools across the United States. In simpler terms, Naums Inc plays a pivotal role in fostering and enhancing the establishment of educational institutions that follow a university-based structure. This mission encompasses not only initiating these schools but also providing them with necessary certification, support, and guidance to ensure their success and unity. Furthermore, Naums Inc serves as a mentor, offering valuable expertise and resources to these schools, thereby contributing to the growth and development of university-model education nationwide.

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Impact




July, 2024

Naums Inc's impact lies in their promotion, certification, support, and mentoring of university-model schools across the United States. Through their efforts, they contribute to the advancement of education and the establishment of innovative learning environments that align with the university-model approach. Their work helps in unifying these schools and ensuring they meet the necessary standards for certification, ultimately benefiting students, educators, and the education system as a whole.




This information is meant to be a general summary of Naums 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.

Revenue
$623,945 (2022)
Expenses
$586,415 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $90,441
  • Gross Receipts: $623,945

Assets and Liabilities:

  • Total Assets: $320,258
  • Total Liabilities: $16,503
  • Net Assets: $303,755

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TRAINING PROGRAMS

Revenue

$85,477

MISCELLANEOUS

Revenue

$4,964

Organization Details

Principal Officer

Barbara N Freeman

Main Address

PO BOX 67, MIDLOTHIAN, TX, 76065

NTEE Category

Code: B192 - Education

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