Civic Intelligence

National Association of Scholars Inc

EIN 11-2741490 • 501(c)3 • New York, NY

Profile

The national association of scholars is a network of scholars and others committed to upholding the standards of a liberal arts education that fosters intellectual freedom, investigate relevant issues, and promote higher education.

13 W 36th Street 4th FloorNew York, NY 10018

www.nas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

33rd percentile

0.07x

Higher debt load relative to assets than 33% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

38th percentile

0.12x

Higher debt load relative to revenue than 38% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Net Margin

80th percentile

26%

Higher net margin than 80% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$299,730

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

NTEE B • $5M-$10M nonprofits • Source year 2024

Asset Growth

80th percentile

25%

Faster asset growth than 80% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

77th percentile

34%

Faster revenue growth than 77% of similar nonprofits.

NTEE B • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Up

$6,618,947

Up $1,334,124 (+25%) from 2023

Liabilities

Up

$475,732

Up $102,073 (+27%) from 2023

Net Assets

Up

$6,143,215

Up $1,232,051 (+25%) from 2023

Revenue

Up

$3,980,655

Up $1,013,100 (+34%) from 2023

Expenses

Up

$2,949,924

Up $210,120 (+7.7%) from 2023

Net Income

Up

$1,030,731

Up $802,980 (+353%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,493,043Liabilities 2010: $106,036Net Assets 2010: $1,387,0072010Assets 2011: $1,422,534Liabilities 2011: $220,203Net Assets 2011: $1,202,3312011Assets 2012: $1,346,412Liabilities 2012: $75,976Net Assets 2012: $1,270,4362012Assets 2013: $1,229,712Liabilities 2013: $23,258Net Assets 2013: $1,206,4542013Assets 2014: $1,229,982Liabilities 2014: $33,857Net Assets 2014: $1,196,1252014Assets 2015: $1,243,752Liabilities 2015: $37,126Net Assets 2015: $1,206,6262015Assets 2016: $1,320,217Liabilities 2016: $10,240Net Assets 2016: $1,309,9772016Assets 2017: $1,395,363Liabilities 2017: $8,733Net Assets 2017: $1,386,6302017Assets 2018: $1,332,634Liabilities 2018: $57,882Net Assets 2018: $1,274,7522018Assets 2019: $2,276,779Liabilities 2019: $66,631Net Assets 2019: $2,210,1482019Assets 2020: $3,783,813Liabilities 2020: $34,647Net Assets 2020: $3,749,1662020Assets 2021: $4,936,592Liabilities 2021: $42,516Net Assets 2021: $4,894,0762021Assets 2022: $4,510,008Liabilities 2022: $273,300Net Assets 2022: $4,236,7082022Assets 2023: $5,284,823Liabilities 2023: $373,659Net Assets 2023: $4,911,1642023Assets 2024: $6,618,947Liabilities 2024: $475,732Net Assets 2024: $6,143,2152024

Highlighted filing

2024

Assets$6,618,947
Liabilities$475,732
Net Assets$6,143,215

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$2.0M$0-$2.0MExpenses 2010: $2,745,5232010Expenses 2011: $2,995,1352011Revenue 2012: $2,523,517Expenses 2012: $2,508,668Net Income 2012: $14,8492012Revenue 2013: $1,839,843Expenses 2013: $1,908,797Net Income 2013: -$68,9542013Revenue 2014: $1,214,025Expenses 2014: $1,206,060Net Income 2014: $7,9652014Revenue 2015: $1,309,243Expenses 2015: $1,233,371Net Income 2015: $75,8722015Revenue 2016: $1,167,745Expenses 2016: $1,095,412Net Income 2016: $72,3332016Revenue 2017: $1,254,632Expenses 2017: $1,225,920Net Income 2017: $28,7122017Revenue 2018: $1,492,669Expenses 2018: $1,489,883Net Income 2018: $2,7862018Revenue 2019: $2,184,880Expenses 2019: $1,523,150Net Income 2019: $661,7302019Revenue 2020: $3,332,319Expenses 2020: $2,038,355Net Income 2020: $1,293,9642020Revenue 2021: $2,975,459Expenses 2021: $2,076,320Net Income 2021: $899,1392021Revenue 2022: $2,633,316Expenses 2022: $2,501,741Net Income 2022: $131,5752022Revenue 2023: $2,967,555Expenses 2023: $2,739,804Net Income 2023: $227,7512023Revenue 2024: $3,980,655Expenses 2024: $2,949,924Net Income 2024: $1,030,7312024

Highlighted filing

2024

Revenue$3,980,655
Expenses$2,949,924
Net Income$1,030,731

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.62$0.48$6.14$3.98$2.95$1.03
2023Detailed filing. Detailed filing data is available for this year.$5.28$0.37$4.91$2.97$2.74$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.27$4.24$2.63$2.50$0.13
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$0.04$4.89$2.98$2.08$0.90
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.78$0.03$3.75$3.33$2.04$1.29
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.28$0.07$2.21$2.18$1.52$0.66
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.33$0.06$1.27$1.49$1.49$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.40$0.01$1.39$1.25$1.23$0.03
2016Detailed filing. Detailed filing data is available for this year.$1.32$0.01$1.31$1.17$1.10$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.04$1.21$1.31$1.23$0.08
2014Summary only. Only limited summary data is available for this year.$1.23$0.03$1.20$1.21$1.21$0.01
2013Summary only. Only limited summary data is available for this year.$1.23$0.02$1.21$1.84$1.91$0.07
2012Summary only. Only limited summary data is available for this year.$1.35$0.08$1.27$2.52$2.51$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.42$0.22$1.20$3.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.11$1.39$2.75
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 24, 2025
Return Version
2024v5.2
Gross Receipts
$4,298,258
Mission and Program Overview

Mission

The national association of scholars is a network of scholars and others committed to upholding the standards of a liberal arts education that fosters intellectual freedom, investigate relevant issues, and promote higher education.

Promotion and preservation of high academic standards in teaching and scholarship.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$3,751,330$4,675,214▲ $923,884
Cash and Non-Interest-Bearing Accounts$1,461,229$1,843,792▲ $382,563
Land, Buildings, and Equipment, Net$0$62,696▲ $62,696
Prepaid Expenses and Deferred Charges$37,201$15,668▼ $21,533
Total Assets$5,284,823$6,618,947▲ $1,334,124
Other Assets Total$35,063$21,577▼ $13,486
Liabilities
Deferred Revenue$317,024$384,143▲ $67,119
Accounts Payable and Accrued Expenses$56,635$91,589▲ $34,954
Total Liabilities$373,659$475,732▲ $102,073
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,657,674$5,859,864▲ $1,202,190
Net Assets With Donor Restrictions$253,490$283,351▲ $29,861
Total Net Assets Fund Balance$4,911,164$6,143,215▲ $1,232,051
Total Liabilities and Net Assets / Fund Balance$5,284,823$6,618,947▲ $1,334,124

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$72,925$72,925
Other Land Buildings$62,696-$62,696
Other Securities$4,675,214--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Peter WoodPresidentFT$282,069$23,000$305,069

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$3,833,349
Program Service Revenue
$0
Investment Income
$147,147
Other Revenue
$159
All Other Contributions
$3,682,516
Change in Net Assets
$1,030,731

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded4$162,790Fair Market Value
Total Noncash Contributions4$162,790-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,980,655
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$201,320
Total Revenue per Audited Statements
$4,181,975
Total Revenue per Form 990
$3,980,655
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,793,914
Other Expenses$955,718
Professional Fundraising Fees$109,745
Total Fundraising Expense$109,745
Grants and Similar Amounts Paid$90,547

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$992,342$162,189-$1,154,531
Current Officers, Directors, Trustees, and Key Employees$277,692$14,615-$292,307
Other Employee Benefits$144,092$20,059-$164,151
Fees for Services Professional Fundraising--$109,745$109,745
Payroll Taxes$93,346$12,995-$106,341
Occupancy$72,785$31,193-$103,978
Grants to Domestic Individuals$90,547--$90,547
Fees for Services Lobbying-$82,000-$82,000
Travel$65,265$15,054-$80,319
Pension Plan Contributions$67,225$9,359-$76,584
Fees for Services Other$71,657$2,216-$73,873
Information Technology$46,596$2,452-$49,048
Other Expenses$38,891$6,484-$45,375
Office Expenses$35,576$5,931-$41,507
Insurance$19,700$2,742-$22,442
Fees for Services Accounting$9,854$5,306-$15,160
Fees for Services Legal$7,507$4,043-$11,550
All Other Expenses$1,901$265-$2,166
Total Functional Expenses$2,456,151$384,028$109,745$2,949,924

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,961,750
Expenses per Audited Statements$2,949,924
Total Expenses per Form 990$2,949,924
Expenses Not Reported on Form 990$11,826
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$109,745
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A complete copy of form 990 is provided to governing board members prior to being filed.

Form 990, Part VI, Section B, Line 12C

The organization reminds staff of the conflict of interest policy on an annual basis. The policy precludes officers and employees from making any decisions from which they will benefit financially. The policy also requires that any potential conflict of interest be disclosed. The policy is reviewed periodically by the president and board. Potential conflicts of interest are reviewed and determinations are made on a case-by-case basis.

Form 990, Part VI, Section B, Line 15

Each year prior to the annual board of directors meeting, the board's committee on executive compensation shall consider what changes, if any, should be made in the salary of the president. If any changes are recommended, these shall be reported to the board of directors for final decision. The compensation of chief executives at comparable organizations is taken into account.

Form 990, Part VI, Section C, Line 18

Each of the governing documents and the financial statements are available to the public upon request.

Form 990, Part VI, Section C, Line 19

Each of the governing documents and the financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
National Association of Scholars Inc
EIN
11-2741490
Phone
9175516770
Address
13 W 36TH STREET 4TH FLOOR, NEW YORK, NY 10018

Signing Officer

Name
Richard Vedder
Title
Treasurer
Phone
9175516770
Signed
2025-07-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Peter Wood
Formed
1987
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
21
Volunteers
0

Preparer

Firm
Rosenbloom & Butler Cpas Pc
Address
1455 RESEARCH BLVD SUITE 510, ROCKVILLE, MD 20850
Preparer
David Butler CPA
Phone
3017627755
Supplemental Narrative

Additional Explanations

Form 990, Part XI Reconciliation of Net Assets

Form 990 net assets reconcile to audited financial statements as follows. Differences are due to new financial accounting standards board (fasb) asu#2016-02 & revisions (topic 842) for lease standards: financial statement net assets 12-31-2024 $6,121,295 fasb year-end adjustment to lease value 12-31-24 11,825 unrealized gain at 12-31-2024 10,095 _____________________________________________________________________ tax return net assets 12-31-2024 $6,143,215

Financial Statement Notes

PART XII, LINE 2D - OTHER ADJUSTMENTS:

LEASE/RENT EXPENSE

Sch D, Part X, Line 2

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken and recognize a tax liability (or asset) if the organization has taken an uncertain position that more likely than not would not be sustained upon examination by taxing authorities. Management has analyzed the tax positions taken and has concluded that as of its year end, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. National association of scholars, inc. Is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes national association of scholars, inc is no longer subject to income tax examinations for years prior to 2018. Management does not believe there is any unrelated business income.

Raw XML AppendixShowing 400 of 575 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm13JOSHUA KATZ
IRS990/Form990PartVIISectionAGrp/PersonNm14ADAM KISSEL
IRS990/Form990PartVIISectionAGrp/PersonNm15ALEXANDER RILEY
IRS990/Form990PartVIISectionAGrp/PersonNm16ELIZABETH WEISS
IRS990/Form990PartVIISectionAGrp/PersonNm17PETER WOOD
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IRS990/MissionDesc0THE NATIONAL ASSOCIATION OF SCHOLARS IS A NETWORK OF SCHOLARS AND OTHERS COMMITTED TO UPHOLDING THE STANDARDS OF A LIBERAL ARTS EDUCATION THAT FOSTERS INTELLECTUAL FREEDOM, INVESTIGATE RELEVANT ISSUES, AND PROMOTE HIGHER EDUCATION.
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IRS990/ProgSrvcAccomActy2Grp/Desc0ADVOCACY, COMMENTARY AND MEETINGSNATIONAL ASSOCIATION OF SCHOLARS ADVOCATES FOR HIGHER EDUCATION REFORM AND FREEDOM OF SPEECH AND CONSCIENCE. WE ENGAGE PUBLIC SUPPORT FOR WORTHY REFORMS. IN OUR WRITING WE ADVOCATE PUBLICLY FOR THE INTELLECTUAL FREEDOM OF FACULTY MEMBERS, ADMINISTRATORS, STUDENTS, AND INVITED CAMPUS SPEAKERS. OUR WEBSITE PRESENTS DAILY OPINION AND COMMENTARY ON DEVELOPMENTS AND TRENDS IN HIGHER EDUCATION. A HIGH-TRAFFIC DESTINATION LINKED BY MAJOR ONLINE PUBLICATIONS, NAS.ORG PUBLISHES SUBSTANTIAL OP-ED STYLE ARTICLES BY GUEST AUTHORS AND NAS STAFF, ALONG WITH DEBATES AND VIDEOS.NAS HOLDS NATIONAL AND REGIONAL MEETINGS THAT FOCUS ON IMPORTANT ISSUES AND PUBLIC POLICY DEBATES IN HIGHER EDUCATION TODAY. AT THESE MEETINGS AND CONFERENCES, THOSE CONCERNED ABOUT HIGHER EDUCATION CONVENE TO DISCUSS ISSUES OF THE MOMENT, PROPOSE REFORMS, AND RECOGNIZE INDIVIDUAL ACHIEVEMENTS.
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