Naf
Naf reported $20.6 million in revenue and $20.5 million in expenses for calendar year 2024. Of every $100 it spent, $74.57 went to program services, $16.23 to management and general costs and $9.20 to fundraising. Its largest source of revenue was contributions and grants: 88.4% of the total. The highest compensation it reported for one person was $491,421 (CHIEF EXECUTIVE OFFICER). 47 people received more than $100,000 in reportable compensation. Revenue fell 23% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $20MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $21M- Contributions & grants (non-government)$88.27 $18M
- Program service revenue$11.53 $2.4M
- Investment income$0.20 $41,495
Other revenue was negative: −$31,514. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.6% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 9.2% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.10 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 88.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 11.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $491,421 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.40% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 47 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.2 | 13.3 |
| Independent voting board members Part VI 1a–1b | 20 of 20 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseThe academy of finance, which operates 127 academies, connects high school students with the world of financial services and personal finance, offering a curriculum that covers banking and credit, financial planning, global finance securities, insurance, accounting, and economics. The academy of finance curriculum and certification is validated by the council for economic education
The academy of information technology, which operates 87 academies, prepares students for career opportunities in computer networking, systems, database design, digital video production, graphic design, and programming. In addition, juniper networks has agreed upon a program of study, linked to naf assessments, which will qualify students for its professional training program and earn a juniper certificate. Academies may also use computer science curriculum from project lead the way, inc. (pltw) and select courses from cisco
The academy of science, technology, engineering & mathematics (STEM) which operates 83 academies, answers an acute need for engineers in this country by educating high school students in the principles of engineering, providing content in the fields of electronics, biotech, aerospace, civil engineering, and architecture. Academies use curriculum from project lead the way, inc. (pltw), the STEM academy, or paxton/patterson. They also benefit from support provided by national action council for minorities in engineering (nacme)
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $452,616 | $0 | $38,805 | $491,421 |
| CHIEF STRATEGY OFFICER Officer, 40.00 hrs/week | $218,957 | $0 | $52,785 | $271,742 |
| CHIEF PROGRAM OFFICER Officer, 40.00 hrs/week | $240,041 | $0 | $27,752 | $267,793 |
| CHIEF FINANCIAL OFFICER/TREASURER Officer, 40.00 hrs/week | $217,283 | $0 | $46,297 | $263,580 |
| CHIEF ADVANCEMENT OFFICER Officer, 40.00 hrs/week | $200,236 | $0 | $55,775 | $256,011 |
| VP, ACADEMY ENGAGEMENT & IMPACT Key employee, 40.00 hrs/week | $194,742 | $0 | $27,843 | $222,585 |
| VP, PRODUCT & INNOVATION Key employee, 40.00 hrs/week | $192,708 | $0 | $23,965 | $216,673 |
| VP, RESEARCH AND TECHNOLOGY Key employee, 40.00 hrs/week | $188,564 | $0 | $27,973 | $216,537 |
47 people received more than $100,000 in reportable compensation from Naf (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.4M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b20 · 20 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18Yes
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 585
- Volunteers Part I, line 63,760
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| ORGANIZATIONAL SERVICES INC Event management services | $948,153 |
| NOCTI It project management services | $694,770 |
| LEADING AUTHORITIES INC Event production services | $376,225 |
| ALPHA BUSINESS SOLUTIONS LLC Project management services | $333,536 |
| YOUR PART-TIME CONTROLLER LLC Accounting services | $305,650 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
13 private foundations reported grants to Naf totaling $4.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Naf's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Naf, you can publish a response that is linked from this page.
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Of every $100 Naf spent in 2024, $74.57 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Esperanza Cyber Charter SchoolPhiladelphia, PA · revenue $21M · programs 79.5% · FY2025
- West Oak Lane Charter SchoolPhiladelphia, PA · revenue $21M · programs 84.5% · FY2025
- The Webb SchoolBell Buckle, TN · revenue $21M · programs 85.9% · FY2025
- Healthy Start EducationDurham, NC · revenue $21M · programs 77.8% · FY2025
- The Globe AcademyAtlanta, GA · revenue $21M · programs 68.8% · FY2025
Questions people ask
How much of Naf's spending goes to programs?
In calendar year 2024, Naf reported that 74.6% of its $20.5 million in expenses went to program services, 16.2% to management and general and 9.2% to fundraising (Form 990, Part IX).
How much does Naf pay its top executive?
The largest total compensation Naf reported for one person in calendar year 2024 was $491,421, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Naf get its money?
Of $20.6 million in revenue in calendar year 2024, 88.4% came from contributions and grants and 11.5% from program service revenue (Form 990, Part VIII).
Is Naf a registered charity?
The IRS lists EIN 13-3480246 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513089349302471 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202423189349311302 · read the filing
- 2022: Form 990 for calendar year 2022, object 202323179349311407 · read the filing
- 2021: Form 990 for calendar year 2021, object 202330609349300423 · read the filing
- 2020: Form 990 for calendar year 2020, object 202113489349300936 · read the filing
- 2019: Form 990 for calendar year 2019, object 202043219349313839 · read the filing
All filings for EIN 13-3480246: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.