Nonprofit · EIN 52-2086855
NATIONAL BUSINESS OFFICERS ASSOCIATION INC
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $8,426,790 | $7,635,418 | $791,372 | $14,400,083 | $4,336,688 | $10,063,395 |
| June 30, 2024 | 990 | $8,278,069 | $7,114,456 | $1,163,613 | $13,189,597 | $4,327,094 | $8,862,503 |
| June 30, 2023 | 990 | $7,364,102 | $6,796,509 | $567,593 | $11,578,662 | $4,221,554 | $7,357,108 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $541,300
- Program service revenue
- $7,343,108
- Investment income
- $407,876
- Royalties
- $44,148
- Net rental income
- $50,393
- Net income from sales of inventory
- $39,965
- Other revenue
- $134,506
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $617,204
- Other salaries and wages
- $2,239,112
- Salaries, compensation and benefits (total)
- $3,531,110
- Professional fundraising fees
- $0
- Legal fees
- $60,477
- Accounting fees
- $48,032
- Occupancy
- $105,248
- Travel
- $231,190
- Depreciation
- $125,483
- Program services (functional)
- $6,173,160
- Management and general (functional)
- $1,354,167
- Fundraising (functional)
- $108,091
Balance sheet and other
- Total assets, start of year
- $13,189,597
- Total assets, end of year
- $14,400,083
- Total liabilities, end of year
- $4,336,688
- Net assets, end of year
- $10,063,395
- Land, buildings and equipment
- $19,877
- Publicly traded securities
- $6,852,695
- Net assets without donor restrictions
- $10,042,645
- Net assets with donor restrictions
- $20,750
- Gross unrelated business income
- $240,348
- Gross receipts
- $8,434,104
- Employees
- 20
- Volunteers
- 126
- Year formed
- 1998
- State of legal domicile
- MD
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY SHIELDS | PRESIDENT & CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $526,303 | $85,127 |
| JAMES PALMIERI | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $258,935 | $44,998 |
| JENNIFER HILLEN | CHIEF LEARNING OFFICER Highest-paid employee | 40 | $229,263 | $41,780 |
| IRENA REESE | CHIEF FINANCIAL & OPERATIONS OFFICER Highest-paid employee | 40 | $197,463 | $37,100 |
| BRIAN GREEN | SR. DIRECTOR, IT & WEB SERVICES Highest-paid employee | 40 | $130,098 | $33,449 |
| CECILY GARBER | ASSOCIATE VICE PRESIDENT, COMMUNICATIONS & MEMBER Highest-paid employee | 40 | $126,296 | $26,639 |
| DUNCAN BOOTH | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| BETH POLLARD | CHAIR - ELECT Trustee or director, Officer | 8 | $0 | $0 |
| LISA TURCHAN | SECRETARY (AS OF 07/24) Trustee or director, Officer | 8 | $0 | $0 |
| KELLY GARNES-PAGES | TREASURER (AS OF 07/24) Trustee or director, Officer | 8 | $0 | $0 |
| LAUREL BAKER-TEW | DIRECTOR Trustee or director | 3 | $0 | $0 |
| RICK BRANSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JOE CARTER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DYANA CONROY | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LINDA DENNISON | DIRECTOR Trustee or director | 3 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL EBELING | DIRECTOR Trustee or director | 3 | $0 |
| ED GRIFFIN | DIRECTOR Trustee or director | 3 | $0 |
| CHRIS HARPER | DIRECTOR Trustee or director | 3 | $0 |
| ANNE-MARIE KEE | DIRECTOR Trustee or director | 3 | $0 |
| RAGAN LOWER | DIRECTOR Trustee or director | 3 | $0 |
| MARK MITCHELL | DIRECTOR Trustee or director | 3 | $0 |
| MEETA NOSRATI | DIRECTOR Trustee or director | 3 | $0 |
| WHITNEY WALTERS-SACHS | DIRECTOR (UNTIL 02/25) Trustee or director | 3 | $0 |
| LYNDA SAILOR | DIRECTOR Trustee or director | 3 | $0 |
990 for the year ended June 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY SHIELDS | PRESIDENT AND CEO Trustee or director, Officer | 40 | $499,110 | $82,971 |
| JAMES PALMIERI | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $245,958 | $42,750 |
| JENNIFER HILLEN | CHIEF LEARNING OFFICER Highest-paid employee | 40 | $209,132 | $38,789 |
| IRENA REESE | VP, FINANCE AND ADMINISTRATION Highest-paid employee | 40 | $179,260 | $34,302 |
| BRIAN GREEN | SR. DIRECTOR, IT AND WEB SERVICES Highest-paid employee | 40 | $125,260 | $31,810 |
| MELISSA ZINDER | SENIOR DIRECTOR MEMBERSHIP & MARKETING Highest-paid employee | 40 | $122,408 | $24,571 |
| DUNCAN BOOTH | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| ROSE NEUBERT | PAST BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| JOE CARTER | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
| BETH POLLARD | TREASURER Trustee or director, Officer | 8 | $0 | $0 |
| TOM ARNOLD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LAUREL BAKER-TEW | DIRECTOR Trustee or director | 3 | $0 | $0 |
| RICK BRANSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LINDA DENNISON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL EBELING | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JILL FIELDS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KELLY GARNES-PAGES | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ED GRIFFIN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| CHRIS HARPER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANNE-MARIE KEE | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MARK MITCHELL | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MEETA NOSRATI | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DEV TALVADKAR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ANN MARIE TIDONA | DIRECTOR Trustee or director | 8 | $0 | $0 |
| LISA TURCHAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| TERESA STANDARD | DIRECTOR (THRU 08/23) Trustee or director | 3 | $0 | $0 |
| WHITNEY WALTERS-SACHS | DIRECTOR Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JEFFREY SHIELDS | PRESIDENT AND CEO Trustee or director, Officer | 40 | $462,031 | $77,553 |
| JAMES PALMIERI | EXECUTIVE VICE PRESIDENT Highest-paid employee | 40 | $219,120 | $38,672 |
| JENNIFER HILLEN | CHIEF LEARNING OFFICER Highest-paid employee | 40 | $187,046 | $35,138 |
| IRENA REESE | VP, FINANCE AND ADMINISTRATION Highest-paid employee | 40 | $162,762 | $31,062 |
| BRIAN GREEN | SR. DIRECTOR, IT AND WEB SERVICES Highest-paid employee | 40 | $125,869 | $30,256 |
| ELIZABETH MAHER | DIRECTOR, ACCOUNTING & TAX PROGRAMS Highest-paid employee | 40 | $116,006 | $13,683 |
| ROSE NEUBERT | BOARD CHAIR Trustee or director, Officer | 8 | $0 | $0 |
| DUNCAN BOOTH | BOARD CHAIR-ELECT Trustee or director, Officer | 8 | $0 | $0 |
| ANN MARIE TIDONA | TREASURER Trustee or director, Officer | 8 | $0 | $0 |
| JOE CARTER | SECRETARY Trustee or director, Officer | 8 | $0 | $0 |
| TOM ARNOLD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LAUREL BAKER-TEW | DIRECTOR Trustee or director | 3 | $0 | $0 |
| RICK BRANSON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JAMES COOPER | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LINDA DENNISON | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MICHAEL EBELING | DIRECTOR Trustee or director | 3 | $0 | $0 |
| JILL FIELDS | DIRECTOR Trustee or director | 3 | $0 | $0 |
| ED GRIFFIN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| SUSAN LANSVERK | DIRECTOR Trustee or director | 3 | $0 | $0 |
| MARK MITCHELL | DIRECTOR Trustee or director | 3 | $0 | $0 |
| BETH POLLARD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| DEV TALVADKAR | DIRECTOR Trustee or director | 3 | $0 | $0 |
| LISA TURCHAN | DIRECTOR Trustee or director | 3 | $0 | $0 |
| KELLY GARNES-PAGES | DIRECTOR Trustee or director | 3 | $0 | $0 |
| TERESA STANDARD | DIRECTOR Trustee or director | 3 | $0 | $0 |
| WHITNEY WLATERS-SACHS | DIRECTOR Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1015 15TH ST NW STE 1025, WASHINGTON, DC 20005-2647
- Principal officer (990 for 2024)
- JEFFREY SHIELDS, 1015 15TH ST NW 1025, WASHINGTON, DC 20005
- Signed the 990
- JEFFREY SHIELDS, PRESIDENT & CHIEF EXECUTIVE OFFICER
- Phone
- (202) 407-7140
- Website
- WWW.NBOA.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
NATIONAL BUSINESS OFFICERS ASSOCIATION (NBOA) DEVELOPS, DELIVERS AND PROMOTES BEST BUSINESS PRACTICES TO ADVANCE INDEPENDENT SCHOOLS AND PROVIDES EXCELLENCE IN EDUCATION SUPPORTED BY WORLD-CLASS BUSINESS OPERATIONS.
Program accomplishments
- PROGRAMS AND EVENTS: PROVIDES ITS MEMBERS PROFESSIONAL DEVELOPMENT, INFORMATION EXCHANGE, AND NETWORKING ACTIVITIES. PARTICIPANTS LEARN FROM INDUSTRY EXPERTS, DISCOVER CUTTING-EDGE SOLUTIONS AND EXCEPTIONAL BEST PRACTICES. ATTENDEES MAY EARN CPE, SHRM, AND HRCI CREDITS FOR PARTICIPATION.Expenses $2,804,226 · revenue $2,506,297
- MEMBER SERVICES: ASSISTS 1,500+ MEMBERS STREAMLINE BUSINESS AND STRATEGIC OPERATIONS THROUGH INFORMATION SHARING, EDUCATION, RESEARCH, ENHANCED COMMUNICATIONS, AND A POOLED PURCHASING PROGRAM AND MEMBER SAVINGS PROGRAMS.Expenses $2,697,856 · revenue $4,596,463
- PUBLICATIONS: NBOA'S PUBLICATIONS (INCLUDING THE PRINT MAGAZINE "NET ASSETS", E-NEWSLETTER "NET ASSETS NOW AND WEB PAGE "NETASSETS.ORG") OFFER PRACTICAL, RELEVANT GUIDANCE TO KEY COMPONENTS OF THE BUSINESS OFFICE AND SOUND, COMPREHENSIVE BUSINESS-OFFICE PRACTICES IN KEY FINANCIAL AND OPERATIONAL AREAS, REGULATORY COMPLIANCE, FINANCIAL REPORTING, TECHNOLOGY AND ENVIRONMENTAL SUSTAINABILITY.Expenses $489,711 · revenue $39,965
- MEMBER DEVELOPMENT: PROVIDES MEMBERS WITH AN EXTENSIVE RANGE OF RESOURCES THROUGH ITS WEBSITE, INCLUDING A VIRTUAL LIBRARY WITH MORE THAN 500 TEMPLATES, FORMS AND WHITE PAPERS RELATED TO BUSINESS OFFICE OPERATIONS AND BEST PRACTICES; MEMBER FORUMS; AND ONLINE MEMBER DIRECTORY.Expenses $181,367
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2086855
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A99)
- Assets (IRS master file)
- $14,400,083
- Income (IRS master file)
- $8,434,104
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $8,426,790 | $7,635,418 | $14,400,083 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $8,278,069 | $7,114,456 | $13,189,597 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $7,364,102 | $6,796,509 | $11,578,662 | XML |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $6,251,531 | $5,810,225 | $9,775,215 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 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 (search EIN 52-2086855).
Questions about NATIONAL BUSINESS OFFICERS ASSOCIATION INC
- What is the EIN of NATIONAL BUSINESS OFFICERS ASSOCIATION INC?
- The employer identification number (EIN) of NATIONAL BUSINESS OFFICERS ASSOCIATION INC is 52-2086855.
- Is NATIONAL BUSINESS OFFICERS ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to NATIONAL BUSINESS OFFICERS ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NATIONAL BUSINESS OFFICERS ASSOCIATION INC 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 NATIONAL BUSINESS OFFICERS ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NATIONAL BUSINESS OFFICERS ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NATIONAL BUSINESS OFFICERS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names JEFFREY SHIELDS.
- Who are the officers and directors of NATIONAL BUSINESS OFFICERS ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 24 people; 6 received compensation from the organization, the highest $526,303 (JEFFREY SHIELDS, PRESIDENT & CHIEF EXECUTIVE OFFICER).
- How much revenue does NATIONAL BUSINESS OFFICERS ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $8,426,790, expenses of $7,635,418 and total assets of $14,400,083 at year end.
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