Nat Assoc of Electrical Distributors Education & Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 237028816
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- St Louis, MO, USA
- Phone
- 3149919000
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $3,968,300
- Expenses
- $3,544,381
- Assets
- $32,574,736
- Liabilities
- $584,307
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JAMES W SMITH (NAED PRESIDENT & CEO)
Highest reported compensation
- JAMES W SMITH (NAED PRESIDENT & CEO): $548,793 total reported compensation
- MICHELLE MCNAMARA (SR. VP NAED/ED NAED FDN (THRU 02/25)): $428,109 total reported compensation
- MARIE NELSON (VP FINANCE): $84,555 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The naed education & research foundation provides information and training products that create the most effective channel to the market for distributors, manufacturers, and their customers.
What it reported doing in 2024
The foundation provides numerous educational opportunities for those interested in or connected to the electrical distribution industry. The naed learning center provides various levels of industry seminars and curriculums including counter sales, finance/credit, new employee onboarding, inside/outside sales, purchasing and warehousing. The epec (electrical products education course) has had over 15,000 graduates and is the cornerstone of sales and product training in the industry. Research tools are also available including benchmarking, profitability, channel matters, energy/sustainability, hr/talent, legal, sales/marketing and technology.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 65
- Accountability: 82
- Sustainability: 75
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 85.8%; rating input score 86
- Fundraising efficiency: $9.03 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.7%; rating input score 64; 64th percentile among comparable filings
- Total-asset coverage ratio: 9.19; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 81; 81st percentile among comparable filings
- Officer compensation ratio: 2%; rating input score 75; 75th percentile among comparable filings
Growth
- Program expense growth: 4.7% per year; rating input score 100; 38th percentile among comparable filings
- Revenue growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 85.8% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3M in reported program spending
- Leadership: top reported pay $549K · 14 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $386K reported
- Consistency: 29 of 29 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.