2024-04-22T09:07:27-05:00 2023-06-30 221478099 COHNREZNICK LLP 7501 WISCONSIN AVENUE SUITE 400E BETHESDA MD 20814 990 2022-07-01 541223334 NATIONAL ASSOCIATION OF ELEMENTARY SCHOOL PRINCIPALS FOUNDATION NATI 7036843345 1615 DUKE STREET ALEXANDRIA VA 22314 DR L EARL FRANKS PRESIDENT 7036843345 2024-04-18 1 DR EARL FRANKS 999009999 0 DANIEL O'SHEA P00957510 3016529100 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR L EARL FRANKS 1615 DUKE STREET ALEXANDRIA VA 22314 353924 0 X HTTP://WWW.NAESP.ORG/NAESP-FOUNDATION X 1981 DC ADVANCE EXCELLENCE, INNOVATION, & EQUITY IN SCHOOLS BY ENDOWING LEADERSHIP & LEARNING FOR PRINCIPALS 4 3 0 4 0 0 723183 344080 1320 2250 1600 7474 47755 120 773858 353924 41000 41000 0 0 11337 100087 0 0 0 295756 425800 348093 566887 425765 -212963 1175517 1054062 165488 245437 1010029 808625 THE NAESP FOUNDATION ADVANCES EXCELLENCE, INNOVATION, AND EQUITY IN SCHOOLS BY ENDOWING LEADERSHIP AND LEARNING FOR PRINCIPALS FOR THE BENEFIT OF CHILDREN. 0 0 458516 41000 2370 OVERSEAS SCHOOL PROGRAM FOCUSES ON ELEMENTARY AND SECONDARY EDUCATION AND HELPING TO ENSURE THAT AMERICAN-SPONSORED OVERSEAS SCHOOLS STAY ABREAST OF NEW ACADEMIC AND TECHNOLOGICAL OPPORTUNITIES OFFERED TO CHILDREN AND YOUTH IN THE U.S. 96792 THROUGH FUNDING PROVIDED BY THE WALLACE FOUNDATION, NAESP FOUNDATION IS COMPLETING PROJECTS IN REGARD TO THE KEY PRACTICES OF PRINCIPAL LEADERSHIP, WITH A SPECIAL FOCUS ON EARLY CAREER PRINCIPALS AND SOCIAL EMOTIONAL LEARNING. THESE PROJECTS INCLUDE: SESSIONS AT NAESP'S ANNUAL CONFERENCE; A CAPITOL HILL BRIEFING ON STRENGTHENING PRINCIPAL PREPARATION PROGRAMS; A WEBINAR ON EFFECTIVE PRINCIPAL PRACTICES FOR ASPIRING AND EARLY CAREER PRINCIPALS; A MAGAZINE ARTICLE AND A SPECIAL SUPPLEMENT IN NAESP'S PRINCIPAL MAGAZINE; DIGITAL DISSEMINATION OF WALLACE RESEARCH; AND NAESP STAFF PARTICIPATION IN THE WALLACE PROFESSIONAL LEARNING COMMUNITY MEETINGS. THESE ACTIVITIES WERE COMPLETED BY NAESP STAFF, AND WITH COLLABORATION WITH FREELANCERS AND YGS MEDIA AGENCY. 555308 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 17 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CYNTHIA BARNABY 7036843345 1615 DUKE STREET ALEXANDRIA VA 22314 L EARL FRANKS PRESIDENT 5.00 32.50 X X 0 302915 51268 DAVE STECKLER SEC. (UNTIL 7/22)/VP (AS OF 8/22) 1.00 2.00 X X 0 0 0 PAUL WENGER VICE PRESIDENT (UNTIL 7/22) 2.00 10.00 X X 0 0 0 KEVIN ARMSTRONG EDD TREASURER (AS OF 8/22) 1.00 2.00 X 0 0 0 LIZA CARABALLO-SUAREZ EDD TREAS. (UNT. 7/22)/SEC. (AS OF 8/22) 1.00 2.00 X X 0 0 0 0 302915 51268 0 0 1 0 0 84400 259680 344080 REGISTRATION REVENUE 900099 2250 2250 2250 7474 7474 120 120 120 353924 2370 0 7474 X 41000 41000 82619 82619 17468 17468 5120 5120 1275 1275 229345 228930 415 5367 5367 20981 20981 34061 33284 777 89997 89997 2302 110 2192 BAD DEBT EXPENSE 34161 34161 DUES & SUBSCRIPTIONS 2258 860 1398 SUPPLIES 933 531 402 566887 555308 11579 0 771601 649032 44000 85900 50900 721 721 0 0 309016 319130 1175517 1054062 65488 10669 100000 234768 165488 245437 X 252432 259509 757597 549116 1010029 808625 1175517 1054062 -212963 11559 0 X 0 1 X 1 0 X X 1 NATIONAL ASSOCIATION OF ELEMENTARY SCHOOL PRINCIPALS 520885532 10 1 21000 0 1 21000 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, SECTION A, LINE 3B: THE FOUNDATION AND ITS SUPPORTED ORGANIZATION, NAESP, SHARE THE SAME ACCOUNTING DEPARTMENT. PRIOR TO FILING THE 990 OF THE FOUNDATION, THE FOUNDATION REVIEWED THE FINANCIAL STATEMENTS OF THE SUPPORTED ORGANIZATION AND ENSURED THAT THE SUPPORTED ORGANIZATION MET THE PUBLIC SUPPORT TESTS UNDER SECTION 509(A)(2). PART IV, SECTION A, LINE 3C: THE FOUNDATION AND ITS SUPPORTED ORGANIZATION, NAESP, SHARE THE SAME ACCOUNTING DEPARTMENT AND THE PRESIDENT OF THE FOUNDATION IS THE EXECUTIVE DIRECTOR OF NAESP. THROUGH THESE CONNECTIONS, THE FOUNDATION HAS ACCESS TO NAESP'S FINANCIAL STATEMENTS AND FORM 990, AND THEREBY ENSURED THAT THE SUPPORT IT PROVIDED TO NAESP WAS USED FOR EDUCATIONAL PURPOSES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 721 721 0 0 DUE TO RELATED ORGANIZATION 234768 234768 X 8002694 11559 32255 7640392 7684206 318488 1275 34161 35436 353924 6737430 32255 6173724 6205979 531451 1275 34161 35436 566887 PART X, LINE 2: THE FOUNDATION IS EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME TO THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF VIRGINIA, AS WELL AS PAY CERTAIN OTHER TAXES TO LOCAL JURISDICTIONS. UNRELATED BUSINESS TAXABLE INCOME PERTAINING TO ACTIVITIES NOT DIRECTLY RELATED TO ITS NONPROFIT PURPOSE IS SUBJECT TO INCOME TAXES. THE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE ORGANIZATION RECOGNIZES INTEREST EXPENSE AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN GENERAL AND ADMINISTRATIVE EXPENSES ON THE CONSOLIDATED STATEMENTS OF ACTIVITIES AND CHANGE IN NET ASSETS AND ACCOUNTS PAYABLE AND ACCRUED EXPENSES ON THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION. THERE IS NO PROVISION IN THESE CONSOLIDATED FINANCIAL STATEMENTS FOR PENALTIES AND INTEREST RELATED TO UNRECOGNIZED TAX BENEFITS FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. TAX YEARS PRIOR TO 2020 ARE NO LONGER SUBJECT TO EXAMINATION BY THE IRS OR THE TAX JURISDICTION OF THE COMMONWEALTH OF VIRGINIA. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 7,701,147. INTERCOMPANY ELIMINATIONS - RELATED ORGANIZATION -60,755. PART XI, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE RECLASSED TO EXPENSES 34,161. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 6,234,479. INTERCOMPANY ELIMINATIONS - RELATED ORGANIZATION -60,755. PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSES RECLASSED TO EXPENSES 34,161. 1 NATIONAL ASSOCIATION OF ELEMENTARY SCHOOL PRINCIPALS 1615 DUKE STREET ALEXANDRIA VA 22314 520885532 501(C)(6) 21000 0 SUPPORT FOR OSAC AND NATIONAL DISTINGUISHED PRINCIPALS PROGRAMS AMERICAN ASSOCIATION OF SCHOOL ADMINISTRATORS INC 1615 DUKE STREET ALEXANDRIA VA 22314 541999773 501(C)(3) 10000 0 PROGRAM SUPPORT NATIONAL ASSOCIATION OF SECONDARY-SCHOOL PRINCIPALS 1904 ASSOCIATION DR RESTON VA 20191 526006937 501(C)(3) 10000 0 PROGRAM SUPPORT 2 1 PART I, LINE 2: GRANT FUNDS ARE MONITORED BY A REVIEW PROCESS DIRECTED BY THE PRESIDENT IN ACCORDANCE WITH THE GRANTS. 0 1 0 0 0 0 0 0 0 L EARL FRANKS PRESIDENT 0 302915 0 0 0 0 0 50216 0 1052 0 354183 0 0 PART I, LINE 3 THE COMPENSATION FOR THE ORGANIZATION'S EXECUTIVE DIRECTOR IS DETERMINED BY NATIONAL ASSOCIATION OF ELEMENTARY SCHOOL PRINCIPALS (NAESP). NAESP'S ATTORNEY WORKS WITH NAESP'S FINANCE COMMITTEE TO REVIEW AND PROVIDE COMPARATIVE DATA FOR COMPENSATION OF TOP-LEVEL EXECUTIVES. PART I, LINE 4B CONTRIBUTIONS WERE MADE INTO A 457F PLAN BY NAESP, A RELATED ORGANIZATION, ON BEHALF OF L. EARL FRANKS FOR $29,013. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY OUTSIDE ACCOUNTANTS. IT IS REVIEWED BY THE EXECUTIVE ADMINISTRATOR/ACCOUNTANT, THEN SUBMITTED TO THE NAESP FOUNDATION PRESIDENT FOR APPROVAL, PRIOR TO FILING. COPIES ARE SENT TO THE FINANCE COMMITTEE UPON SUBMISSION TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE FOUNDATION'S OFFICERS, DIRECTORS, CHIEF EMPLOYED EXECUTIVE AND CHIEF EMPLOYED FINANCE EXECUTIVE ANNUALLY DISCLOSE OR UPDATE TO THE CHAIRMAN OF THE BOARD OF DIRECTORS ON A FORM PROVIDED BY THE FOUNDATION, THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS OF INTEREST, SUCH AS A LIST OF FAMILY MEMBERS, SUBSTANTIAL BUSINESS OR INVESTMENT HOLDINGS, AND OTHER TRANSACTIONS OR AFFILIATIONS WITH BUSINESSES AND OTHER ASSOCIATIONS OR THOSE OF FAMILY MEMBERS. FOR EACH INTEREST DISCLOSED TO THE CHAIRMAN OF THE BOARD OF DIRECTORS, THE CHAIRMAN DETERMINES WHETHER TO: (A) TAKE NO ACTION; (B) ASSURE FULL DISCLOSURE TO THE BOARD OF DIRECTORS AND OTHER INDIVIDUALS COVERED BY THIS POLICY; (C) ASK THE PERSON TO RECUSE HIMSELF OR HERSELF FROM PARTICIPATION IN RELATED DISCUSSIONS OR DECISIONS WITHIN THE FOUNDATION; OR (D) ASK THE PERSON TO RESIGN FROM HIS OR HER POSITION IN THE FOUNDATION OR, IF THE PERSON REFUSES TO RESIGN, BECOME SUBJECT TO POSSIBLE REMOVAL IN ACCORDANCE WITH THE FOUNDATION'S REMOVAL PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S ATTORNEY WORKS WITH THE FINANCE COMMITTEE TO REVIEW AND PROVIDE COMPARATIVE DATA FOR COMPENSATION OF TOP-LEVEL EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT & PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 228,930. MANAGEMENT AND GENERAL EXPENSES 415. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 229,345. NATL ASSOC OF ELEMENTARY SCHOOL PRINCIP 1615 DUKE STREET ALEXANDRIA VA 22314 520885532 SEE PART VII DC 501(C)(6) N/A N/A 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 1 0 NAESP E 234768 COST NAESP P 134768 COST PART II, LINE 1, COLUMN (B) TO LEAD IN THE ADVOCACY AND SUPPORT FOR ELEMENTARY AND MIDDLE SCHOOL PRINCIPALS.