NASE FOUNDATION INC

Address
325 7TH STREET NW
WASHINGTON, DC 20004-2818
Contact
Website: http://www.nasefoundation.org
Phone: +1 (202) 466-2100
Nonprofit
NTEE: B99 - Education N.E.C.
EIN: 27-4825185

Mission

TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH AND INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP, SELF-EMPLOYMENT AND MICRO-BUSINESS IN THE AMERICAN ECONOMY.
 20152014201320122011
Basic features of the organization
Year of formation2011
Metropolitan statistical area8872
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel  $0.00$0.00$0.00
Sum of reportable (W2/1099) compensation  $0.00$0.00$0.00
Number of employees  000
Number of people compensated >$100k  000
Number of volunteers  000
Number of highly compensated contractors  0  
Personnel
Arslan, Kristie
Title  PRESIDENT (OUTGOING)PRESIDENT (DURING 2012)PRESIDENT
Name of key/compensated person  KRISTIE ARSLANKRISTIE ARSLANKRISTIE ARSLAN
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  4.04.02.0
Reportable compensation from org  $0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org  $0.00$0.00$0.00
Bonus and incentive reportable compensation  $0.00$0.00$0.00
Other reportable compensation from org  $0.00$0.00$0.00
Retirement and other deferred compensation  $0.00$0.00$0.00
Nontaxable benefits from org  $0.00$0.00$0.00
Compensation from org previously reported as deferred  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $28,299.00$63,527.00$55,063.00
Sum of all compensation from org  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $315,709.00$306,423.00$257,568.00
Average hours per week working for related orgs  37.037.0 
Beene, R
Title  VICE-PRESIDENT (OUTGOING)VICE-PRESIDENTVICE PRESIDENT
Name of key/compensated person  R MICHAEL BEENER MICHAEL BEENER MICHAEL BEENE
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  6.06.05.0
Reportable compensation from org  $0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org  $0.00$0.00$0.00
Bonus and incentive reportable compensation  $0.00$0.00$0.00
Other reportable compensation from org  $0.00$0.00$0.00
Retirement and other deferred compensation  $0.00$0.00$0.00
Nontaxable benefits from org  $0.00$0.00$0.00
Compensation from org previously reported as deferred  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $21,752.00$58,457.00$56,874.00
Sum of all compensation from org  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $265,686.00$201,509.00$274,944.00
Average hours per week working for related orgs  39.039.0 
Crowder, John
Title  DIRECTOR  
Name of key/compensated person  JOHN CROWDER  
Position of compensated person
Current individual trustee or director  True  
Average hours per week working for org  1.0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $44,000.00  
Average hours per week working for related orgs  4.0  
Hall, Keith
Title  PRESIDENT  
Name of key/compensated person  KEITH HALL  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  5.0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $13,689.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $25,500.00  
Average hours per week working for related orgs  35.0  
Hambuchen, James
Title  TREASURER  
Name of key/compensated person  JAMES HAMBUCHEN  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $23,000.00  
Average hours per week working for related orgs  4.0  
Lummus, Maria
Title  SECRETARY/TREASURER (OUTGOING)SECRETARY/TREASURERSECRETARY/TREASURER
Name of key/compensated person  MARIA LUMMUSMARIA LUMMUSMARIA LUMMUS
Position of compensated person
Current individual trustee or director  TrueTrueTrue
Current officer  TrueTrueTrue
Average hours per week working for org  3.03.02.0
Reportable compensation from org  $0.00$0.00$0.00
Breakdown of reportable comp
Base reportable compensation from org  $0.00$0.00$0.00
Bonus and incentive reportable compensation  $0.00$0.00$0.00
Other reportable compensation from org  $0.00$0.00$0.00
Retirement and other deferred compensation  $0.00$0.00$0.00
Nontaxable benefits from org  $0.00$0.00$0.00
Compensation from org previously reported as deferred  $0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs  $12,280.00$43,347.00$42,619.00
Sum of all compensation from org  $0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs   $206,690.00$151,854.00$171,924.00
Average hours per week working for related orgs  37.037.0 
Scribner, C
Title  SECRETARY  
Name of key/compensated person  C SCOTT SCRIBNER  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $44,000.00  
Average hours per week working for related orgs  4.0  
Wright, John
Title  CHAIRMAN  
Name of key/compensated person  JOHN WRIGHT  
Position of compensated person
Current individual trustee or director  True  
Current officer  True  
Average hours per week working for org  1.0  
Reportable compensation from org  $0.00  
Other comp, non-reportable, from org and related orgs  $0.00  
Corresponding comp from related orgs
Reportable compensation from related orgs   $47,000.00  
Average hours per week working for related orgs  4.0  
Purpose: mission, activities, & accomplishments
Mission or significant activities  TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH & INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP,SELF-EMPLOYMENT & MICRO-BUSINESS IN THE U.S. ECONOMY.TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH AND INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP, SELF-EMPLOYMENT AND MICRO-BUSINESS IN THE AMERICAN ECONOMY.TO GRANT SCHOLARSHIPS, PROVIDE EDUCATION, CONDUCT RESEARCH AND INCREASE THE GENERAL PUBLIC'S KNOWLEDGE REGARDING ENTREPRENEURSHIP, SELF-EMPLOYMENT AND MICRO-BUSINESS IN THE AMERICAN ECONOMY.
Program service expenses, total  $32,090.00$0.00$0.00
Programs, including revenue & expenses
THE ORGANIZATION AWARDED GRANTS AND SCHOLARSHIPS TO OBJECTIVELY QUALIFYING INDIVIDUALS FOR THE STUDY OF ENTREPRENEURSHIP AND MICRO-BUSINESS AND THEIR ROLES IN THE ECONOMY.
Program expenses  $32,090.00$0.00$0.00
Grants and allocations made  $32,090.00  
Program description  THE ORGANIZATION AWARDED GRANTS AND SCHOLARSHIPS TO OBJECTIVELY QUALIFYING INDIVIDUALS FOR THE STUDY OF ENTREPRENEURSHIP AND MICRO-BUSINESS AND THEIR ROLES IN THE ECONOMY.THE ORGANIZATION PLANS TO PROVIDE GRANTS AND SCHOLARSHIPS AWARDED TO OBJECTIVELY QUALIFYING INDIVIDUALS FOR THE STUDY OF ENTREPRENEURSHIP AND MICRO-BUSINESS AND THEIR ROLES IN THE ECONOMY.THE ORGANIZATION PLANS TO PROVIDE GRANTS AND SCHOLARSHIPS AWARDED TO OBJECTIVELY QUALIFYING INDIVIDUALS FOR THE STUDY OF ENTREPRENEURSHIP AND MICRO-BUSINESS AND THEIR ROLES IN THE ECONOMY.
THE ORGANIZATION PLANS TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES RELEVANT TO THE SELF-EMPLOYMENT AND MICRO-BUSINESS INDUSTRIES INCLUDING WRITINGS, PUBLICATIONS, WEBINARS AND CONFERENCES BENEFITTING THE INDUSTRIES.
Program expenses   $0.00$0.00
Program description  THE ORGANIZATION PLANS TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES RELEVANT TO THE SELF-EMPLOYMENT AND MICRO-BUSINESS INDUSTRIES INCLUDING WRITINGS, PUBLICATIONS, WEBINARS AND CONFERENCES BENEFITTING THE INDUSTRIES.THE ORGANIZATION PLANS TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES RELEVANT TO THE SELF-EMPLOYMENT AND MICRO-BUSINESS INDUSTRIES INCLUDING WRITINGS, PUBLICATIONS, WEBINARS AND CONFERENCES BENEFITTING THE INDUSTRIES.THE ORGANIZATION PLANS TO PROVIDE RESEARCH AND EDUCATIONAL ACTIVITIES RELEVANT TO THE SELF-EMPLOYMENT AND MICRO-BUSINESS INDUSTRIES INCLUDING WRITINGS, PUBLICATIONS, WEBINARS AND CONFERENCES BENEFITTING THE INDUSTRIES.
Financial data
Revenue
Total revenue  $10,002.00$135,000.00$16,000.00
Revenue from contributions (total)$10,000.00$10,000.00$10,002.00$135,000.00$16,000.00
Investment income, current yr  $0.00$0.00$0.00
Total revenue from grants, etc., current yr  $10,002.00$135,000.00$16,000.00
Total unrelated business revenue  $0.00$0.00$0.00
Other revenue, current yr  $0.00$0.00$0.00
Program service revenue (total)$0.00$0.00$0.00$0.00$0.00
Gross receipts  $10,002.00$135,000.00$16,000.00
Sources of contributions
Contributions from related organizations   $120,000.00$11,000.00
Revenue from all other contributions  $10,002.00$15,000.00$5,000.00
Other types of revenue
Royalties (total)  $0.00$0.00$0.00
Miscellaneous revenue (total)  $0.00$0.00$0.00
Net revenue from gaming (total)  $0.00$0.00$0.00
Income from dividends, interest, and similar investments  $0.00$0.00$0.00
Net rental income$0.00$0.00$0.00$0.00$0.00
Net income from fundraising events  $0.00$0.00$0.00
Net inventory sales (total)  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all  $102,956.00$6,672.00$9,413.00
Total functional expenses: program service   $32,090.00$0.00$0.00
Total functional expenses: management and general  $70,866.00$6,672.00$9,413.00
Total functional expenses: fundraising  $0.00$0.00$0.00
Fees for services
Lobbying fees (total)  $0.00$0.00$0.00
Legal fees (total)  $735.00$3,182.00$7,972.00
Fundraising service fees (total)  $0.00$0.00$0.00
General management fees (total)  $0.00$0.00$0.00
Investment management fees (total)  $0.00$0.00$0.00
Assets and liabilities
Total assets$8,438.00$193.00$41,961.00$134,915.00$6,587.00
Total assets, beginning of year  $134,915.00$6,587.00$0.00
Total liabilities$89,650.00$29,650.00$0.00$0.00$0.00
Total liabilities, beginning of year  $0.00$0.00$0.00
Pledges & accounts receivable, net  $0.00$0.00$0.00
Loans & receivables from key persons  $0.00$0.00$0.00
Unrestricted net assets, end of yr  $41,961.00$134,915.00$6,587.00
Temporarily restricted net assets  $0.00$0.00$0.00
Permanently restricted net assets, end of yr  $0.00$0.00$0.00
Net assets  $41,961.00$134,915.00$6,587.00
Net assets, beginning of year  $134,915.00$6,587.00$0.00
Other liabilities  $0.00$0.00$0.00
Bond liabilities  $0.00$0.00$0.00
Intangible assets  $0.00$0.00$0.00
Other assets  $0.00$0.00$0.00
Investments: other securities  $0.00$0.00$0.00
Investments: publicly traded securities  $0.00$0.00$0.00
Cash: non-interest bearing  $41,961.00$134,915.00$6,587.00
Cash: non-interest bearing, beginning of year  $134,915.00$6,587.00$0.00
Investments -- program-related  $0.00$0.00$0.00
Escrow or custodial account liability  $0.00$0.00$0.00
Loans and other payables to key persons  $0.00$0.00$0.00
Grants payable  $0.00$0.00$0.00
Inventories for sale or use  $0.00$0.00$0.00
Other financial variables
Revenue less expenses  -$92,954.00$128,328.00$6,587.00
Advertising (total)  $0.00$0.00$0.00
Savings & temp cash investment  $0.00$0.00$0.00
Accounts receivable, net  $0.00$0.00$0.00
Prepaid expenses & deferred charges  $0.00$0.00$0.00
Accounts payable & accrued expenses  $0.00$0.00$0.00
Deferred revenue  $0.00$0.00$0.00
Unsecured notes & loans to unrelated parties  $0.00$0.00$0.00
Secured mortgages and notes payable  $0.00$0.00$0.00
Total net assets or fund balances  $41,961.00$134,915.00$6,587.00
Depreciation, depletion, amortization  $0.00$0.00$0.00
Payment to affiliates  $0.00$0.00$0.00
Governance and accountability
Number of voting members  533
Number of independent voting members  400
Financial sheets audited   TrueTrue
Audit on consolidated basis   True 
Accrual accounting  TrueTrueTrue
Tax year start date  2013-01-012012-01-012011-01-01
Tax year end date2015-12-012014-12-012013-12-012012-12-012011-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF  990990990
Reason for form submission
First filing    True
Date e-filing submitted  2014-12-292013-12-262012-12-05
IRS schema version  2013v3.12012v2.12011v1.3
Filing identifier  201443219349302564201323189349300227201223129349300442
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