Nonprofit · EIN 52-1270412
NACS FOUNDATION
Tax-exempt · OBERLIN, OH 44074
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $120,421 | $787,125 | -$666,704 | $2,140,234 | $528,324 | $1,611,910 |
| March 31, 2024 | 990 | $159,133 | $740,667 | -$581,534 | $2,481,994 | $338,367 | $2,143,627 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $7,759
- Program service revenue
- $3,494
- Investment income
- $109,168
- Net gain from sales of assets
- $59,259
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $225,740
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $22,750
- Travel
- $37,363
- Depreciation
- $6,375
- Program services (functional)
- $548,263
- Management and general (functional)
- $174,952
- Fundraising (functional)
- $63,910
Balance sheet and other
- Total assets, start of year
- $2,481,994
- Total assets, end of year
- $2,140,234
- Total liabilities, end of year
- $528,324
- Net assets, end of year
- $1,611,910
- Land, buildings and equipment
- $124,312
- Publicly traded securities
- $1,984,662
- Net assets without donor restrictions
- $1,258,220
- Net assets with donor restrictions
- $353,690
- Gross receipts
- $661,162
- Employees
- 0
- Volunteers
- 35
- Year formed
- 1982
- State of legal domicile
- DC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD L SCHLICHENMAYER | CEO Officer | 1 | $0 | $425,745 | $22,356 |
| FRANK SULEN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $327,122 | $17,169 |
| BETH CHRISTIAN | IMMED.PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| LEN FANGMEYER | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| ANN-MARIE FLORESCA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| DAVE GLIVA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GENTA GUITRON | PRESIDENT-ELECT Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN HANNEGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GAVIN JENSEN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HELEN NAKOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SHELLY SCHRIMPF | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN WESTENBROEK | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| CASSIE WHERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EDWARD L SCHLICHENMAYER | CEO Officer | 1 | $0 | $444,699 | $21,014 |
| FRANK SULEN | CHIEF FINANCIAL OFFICER Officer | 1 | $0 | $334,506 | $16,669 |
| BETH CHRISTIAN | PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| DAVE GLIVA | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LISA GRAY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| GENTA GUITRON | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| KEVIN HANNEGAN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| HELEN NAKOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| RIP SCOTT | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| LUANNE KELLY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN WESTENBROEK | PRESIDENT-ELECT Trustee or director | 1 | $0 | $0 | $0 |
| TRAVIS COCHRAN | IMMED.PAST PRESIDENT Trustee or director | 1 | $0 | $0 | $0 |
| CASSIE WHERRY | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| POLLY GRAPES | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 528 E LORAIN ST, OBERLIN, OH 44074-1238
- In care of
- % FRANK J SULEN
- Principal officer (990 for 2024)
- FRANK J SULEN, 528 E LORAIN ST, OBERLIN, OH 44074
- Signed the 990
- FRANK J SULEN, CFO
- Phone
- (440) 775-7777
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
THE NACS FOUNDATION SUPPORTS INITIATIVES THAT MAKE THE NATIONAL ASSOCIATION OF COLLEGE STORES' (NACS) EDUCATIONAL PROGRAMS ACCESSIBLE TO A WIDER RANGE OF PROFESSIONALS, ENABLES RESEARCH THAT ADDRESSES ISSUES OF FUNDAMENTAL IMPORTANCE TO THE COLLEGE STORE INDUSTRY AND BUILDS STRATEGIC PARTNERSHIPS IN SUPPORT OF NACS.
Program accomplishments
- NACS PROFESSIONAL DEVELOPMENT GRANTS: GRANTS TO INDIVIDUALS TO ATTEND NACS ANNUAL MEETING AND OTHER EDUCATIONAL COURSES AND GRANTS TO NACS TO PROVIDE EDUCATIONAL PROGRAMS TO MEMBERS.Expenses $513,263 · grants $225,740
- CONDUCTING AND DISSEMINATING RESEARCH TO THE COLLEGE STORE INDUSTRY ON SUCH TOPICS AS THE BUYING HABITS OF STUDENTS AND A SALARY AND BENEFITS SURVEY.Expenses $35,000 · revenue $3,494
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1270412
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1983
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B110)
- Assets (IRS master file)
- $2,140,234
- Income (IRS master file)
- $661,162
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | – | – | – | IRS |
| 990 | March 2024 | – | – | – | IRS |
| 990 | March 2023 | $431,210 | $773,103 | $3,090,056 | IRS |
| 990 | March 2022 | $342,683 | $773,615 | $3,635,153 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about NACS FOUNDATION
- What is the EIN of NACS FOUNDATION?
- The employer identification number (EIN) of NACS FOUNDATION is 52-1270412.
- Is NACS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to NACS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does NACS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NACS FOUNDATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NACS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of NACS FOUNDATION?
- The 990 for the year ended March 31, 2025 names FRANK J SULEN.
- Who are the officers and directors of NACS FOUNDATION?
- The 990 for the year ended March 31, 2025 lists 14 people; 0 received compensation from the organization.
- How much revenue does NACS FOUNDATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $120,421, expenses of $787,125 and total assets of $2,140,234 at year end.
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