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Nonprofit · EIN 56-6045918

NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES

Also known as NSAC

Tax-exempt · MIAMISBURG, OH 45343

Financials

$551K$502K2023$515K$646K2024
Revenue Expenses · by fiscal year end
Financials of NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$515,058$646,276-$131,218$1,912,422$190,647$1,721,775
December 31, 2023990$550,655$501,971$48,684$1,921,020$161,115$1,759,905
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$453,199
Investment income
$61,859
Net gain from sales of assets
-$5,882
Other revenue
$0

Expenses

Grants and similar amounts paid
$16,456
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$16,264
Travel
$10,975

Balance sheet and other

Total assets, start of year
$1,921,020
Total assets, end of year
$1,912,422
Total liabilities, end of year
$190,647
Net assets, end of year
$1,721,775
Publicly traded securities
$1,809,138
Net assets without donor restrictions
$1,721,775
Gross receipts
$559,125
Employees
0
Volunteers
0
Year formed
1943
State of legal domicile
MN

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
ERIC KRIENERTPAST PRESIDENT
Trustee or director, Officer
3$0
ERIK GILLAMPRESIDENT
Trustee or director, Officer
3$0
KENT ERHARDTTREASURER
Trustee or director, Officer
3$0
JIM HALVORSENSECRETARY
Trustee or director, Officer
3$0
MELISSA FELTYEXECUTIVE COMMITTEE
Trustee or director, Officer
3$0
STEVEN WHITEDIRECTOR
Trustee or director, Officer
1$0
BRYANNE FREDERICKSDIRECTOR
Trustee or director
1$0
BRADY BYRNESDIRECTOR
Trustee or director
1$0
JEFF KREJDLDIRECTOR
Trustee or director
1$0
MICHAEL REGANDIRECTOR
Trustee or director
1$0
KATRINA ROTEDIRECTOR
Trustee or director
1$0
JULIA SEVALDVICE PRESIDENT
Trustee or director
3$0
JASON JENNINGSDIRECTOR
Trustee or director
1$0
KEVIN BURNSDIRECTOR
Trustee or director, Officer
1$0
LAURA TROOSTDIRECTOR
Trustee or director
1$0
1 more people on this return
NameTitleHours / weekCompensation
REBECCA THOUNEDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensation
ERIC KRIENERTPRESIDENT
Trustee or director, Officer
4$0
ERIK GILLAMVICE PRESIDE
Trustee or director, Officer
3$0
KENT ERHARDTTREASURER
Trustee or director, Officer
3$0
JIM HALVORSENSECRETARY
Trustee or director, Officer
3$0
APRIL GRAVESEXECUTIVE CO
Trustee or director, Officer
3$0
DAVID ANTONIIMMEDIATE PA
Trustee or director, Officer
3$0
CHAD DEGENHARTDIRECTOR
Trustee or director
1$0
BRADY BYRNESDIRECTOR
Trustee or director
1$0
JEFF KREJDLDIRECTOR
Trustee or director
1$0
MICHAEL REGANDIRECTOR
Trustee or director
1$0
KATRINA ROTEDIRECTOR
Trustee or director
1$0
JULIA SEVALDDIRECTOR
Trustee or director
1$0
MELISSA WOODDIRECTOR
Trustee or director
1$0
KIMBERLY FANTACIEXECUTIVE DI
Officer
5$0
TUCKER LEMLEYDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 181, MIAMISBURG, OH 45343-0181
Principal officer (990 for 2024)
KIMBERLY FANTACI, PO BOX 181, MIAMISBURG, OH 45343
Signed the 990
KIMBERLY FANTACI, EXECUTIVE DIRECTOR
Phone
(937) 222-6707
Return prepared by
MOD VENTURES LLC

Mission

OUR MISSION IS TO SERVE COOPERATIVES BY A) PROVIDING ACCOUNTING, TAX AND BUSINESS EDUCATION UNIQUELY TAILORED TO PROFESSIONALS WORKING FOR AND WITH COOPERATIVES, B) PROVIDING NETWORKING AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR MEMBERS, PROSPECTIVE MEMBERS AND OTHERS

990 for the year ended December 31, 2024

Program accomplishments

  • EDUCATION: CONFERENCE, SEMINARS/WEBINARS, COMMITTEE MEETINGS - PROVIDE EDUCATION AND NETWORKING OPPORTUNITIES TO ALL WHO ATTEND - MEMBERS AND NON MEMBERS INTERESTED IN COOPERATIVE ACCOUNTING AND TAX ISSUES. PROMOTION AND DISCUSSION OF ACCOUNTING STANDARDS, CHANGES TO AND APPLICATION OF TAX LAW, AND RELATED BEST PRACTICES FOR THE COOPERATIVE INDUSTRY ARE INCLUDED IN THESE MEETINGS. PROGRAMS INCLUDE CO-HOSTING THE TAX FINANCE AND ACCOUNTING CONFERENCE FOR COOPERATIVES AND HOSTING ONLINE COOPERATIVE LEARNING NETWORK SEMINARS/WEBINARS (CLN). STARTING IN THE FALL OF 2O17 CLN REGISTRATION FEES ARE INCLUDED IN ANNUAL MEMBERSHIP DUES. AN ESTIMATED TOTAL OF 8OO UNIQUE MEMBERS PARTICIPATED IN THESE OFFERINGS DURING THE YEAR. THE ASSOCIATION HAS SIX MAJOR AND ACTIVE NATIONAL COMMITTEES, COMPRISED OF APPROXIMATELY 10O VOLUNTEERS.
  • RESOURCES: PUBLICATIONS OF COOPERATIVE LEARNING MATERIALS - PROVIDED TO ALL MEMBERS AND LIMITED ITEMS ARE AVAILABLE TO NON MEMBERS FOR A FEE. EXCLUSIVE CONTENT AND INTERACTION IS AVAILABLE ON THE WEBSITE FOR MEMBERS ONLY. THESE PROGRAMS INCLUDE PUBLISHING AND DISTRIBUTING A QUARTERLY TRADE JOURNAL "THE COOPERATIVE ACCOUNTANT AND UPDATING THE ONLINE MEMBER-ONLY CONTENT REGARDING PUBLICATIONS AND RESEARCH DATABASE LIBRARY SPECIFIC TO ACCOUNTING AND TAX ISSUES OF COOPERATIVES. DURING THE YEAR, THE TOTAL AVERAGE MEMBERSHIP COUNT OF MEMBERS WITH ACCESS TO THESE SERVICES WAS APPROXIMATELY 1500.
  • CONNECTIONS: CREATION AND IMPLEMENTATION OF THE NSAC CONNECT ONLINE COMMUNITY PLATFORM, WHICH ALLOWS MEMBERS (=1,500 ) TO NETWORK ON A NATIONAL, CHAPTER AND COMMITTEE LEVEL. THE SOCIETY ALSO USES THIS PLATFORM TO COMMUNICATE WITH THE MEMBERS AND TO ENCOURAGE MEMBERS TO EXCHANGE INFORMATION PERTAINTNG TO COOPERATIVES.
  • SCHOLARSHIP OF $1,000 PAID DIRECTLY TO SCHOOLS FOR BENEFIT OF RECIPIENTS

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
56-6045918
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1990
Accounting year ends
December
Files
Form 990 or 990-EZ
Group exemption
3256 (5 member organizations)
Assets (IRS master file)
$1,912,422
Income (IRS master file)
$559,125

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$515,058$646,276$1,912,422IRS
990December 2023$550,655$501,971$1,921,020XML
990December 2022$507,886$489,569$1,728,772IRS
990December 2021–––IRS
990December 2020–––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 56-6045918).

Questions about NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES

What is the EIN of NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES?
The employer identification number (EIN) of NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES is 56-6045918.
Is NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1990.
Are donations to NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES 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 SOCIETY OF ACCOUNTANTS FOR COOPERATIVES due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES?
The 990 for the year ended December 31, 2024 names KIMBERLY FANTACI.
Who are the officers and directors of NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES?
The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
How much revenue does NATIONAL SOCIETY OF ACCOUNTANTS FOR COOPERATIVES have?
On its 990 for the year ended December 31, 2024 it reported revenue of $515,058, expenses of $646,276 and total assets of $1,912,422 at year end.

Organizations in its group exemption (5)

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