Overview
What is National Association Of Educational Procurement?
The National Association of Educational Procurement, located in Oklahoma City, Oklahoma, is a nonprofit organization dedicated to enhancing the procurement practices of medical facilities and educational institutions. Their primary mission is to promote the exchange and application of effective and ethical procurement principles. They achieve this by facilitating ongoing education and networking within the higher education and associated communities. The association's activities aim to advocate for these principles, helping these institutions make informed and ethical decisions when purchasing supplies and equipment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning it a Two-Star out of Four Star rating. The rating indicates that the National Association of Educational Procurement has moderate accountability and financial performance. While the organization has strong independent board member representation and an outstanding program expense ratio, it has significant weaknesses in transparency and governance practices.
Organizational strengths include a fully independent board and a high program expense ratio of nearly 96%, suggesting a strong commitment to its mission-driven activities. The absence of any material diversion of assets is also a positive indicator of financial integrity. However, the lack of financial statements and several missing policies related to conflict of interest, whistleblower protection, and document retention raise concerns about the organization's governance and transparency.
Limitations noted include the missing financial statements and policies that are critical for accountability. Furthermore, the absence of the nonprofit's website on its tax form and the failure to post essential documents like board meeting minutes and tax forms could hinder public trust. Addressing these issues could enhance the organization's overall rating and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is National Association Of Educational Procurement legitimate?
National Association Of Educational Procurement is a legitimate nonprofit organization registered as a 501(c)(3) entity. National Association Of Educational Procurement 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.
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What is the mission statement of National Association Of Educational Procurement?
The National Association of Educational Procurement's mission is centered around advocating for the development, exchange, and implementation of effective and ethical procurement principles. This organization strives to achieve this goal by promoting the use of these principles within higher education and related communities. They accomplish this through ongoing education and networking opportunities. The association primarily focuses on educating medical facilities and educational institutions about the best practices in purchasing supplies and equipment. This is done with the aim of fostering a culture of responsible and ethical procurement within these sectors.
Who is the CEO of National Association Of Educational Procurement?
Burr Millsap is the New England Region President of National Association Of Educational Procurement.
What is the revenue of National Association Of Educational Procurement?
National Association Of Educational Procurement's revenue in 2022 was $1,112,789.
Who are the executives of National Association Of Educational Procurement and what are their salaries?
There 200 volunteers at National Association Of Educational Procurement.
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Where can I find the form 990 for National Association Of Educational Procurement?
National Association Of Educational Procurement's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of National Association Of Educational Procurement
The National Association of Educational Procurement is dedicated to promoting the advancement and ethical implementation of procurement principles within higher education and related communities. This renowned organization strives to achieve this mission by advocating for the development, exchange, and practice of effective procurement techniques. They accomplish this through continuous education and networking opportunities, thereby fostering a collaborative environment among medical facilities and educational institutions in their purchasing practices of supplies and equipment.
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Impact
July, 2024
The National Association of Educational Procurement is an organization that facilitates the development, exchange, and practice of effective and ethical procurement principles within higher education and associated communities. By educating medical facilities and educational institutions in their purchase of supplies and equipment, this organization plays a critical role in promoting efficiency and ethics in procurement practices. Its mission of advocating for effective and ethical procurement techniques contributes to improving the operations and sustainability of educational institutions across the country.
This information is meant to be a general summary of National Association Of Educational Procurement. 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: $2,528
- Program Service Revenue: $843,233
- Gross Receipts: $1,112,789
Assets and Liabilities:
- Total Assets: $1,216,509
- Total Liabilities: $10,565
- Net Assets: $1,205,944
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Regional Annual Meeting
Revenue
$842,183
Membership dues
Revenue
$1,050
Organization Details
Founding Year
1921
Phone
(443) 543-5527Principal Officer
Burr Millsap
Main Address
PO Box 18188, Oklahoma City, OK, 731540188
NTEE Category
Code: B034 - Education
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