Civic Intelligence

Naseo Institute Inc

EIN 47-3531809 • 501(c)3 • Arlington, VA

Profile

Naseo institute, inc was organized for the purpose of providing education, training and outreach to state energy officials

1300 North 17th Street 1275Arlington, VA 22209

www.naseo.org

Siviq Scores

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

Liabilities / Assets

78th percentile

0.38x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

71st percentile

0.26x

Higher debt load relative to revenue than 71% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

18%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

98th percentile

$548,192

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 46.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

88th percentile

41%

Faster asset growth than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

85th percentile

59%

Faster revenue growth than 85% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$826,701

Up $239,127 (+41%) from 2023

Liabilities

Up

$315,026

Up $29,976 (+11%) from 2023

Net Assets

Up

$511,675

Up $209,151 (+69%) from 2023

Revenue

Up

$1,191,992

Up $440,643 (+59%) from 2023

Expenses

Up

$982,841

Up $404,682 (+70%) from 2023

Net Income

Up

$209,151

Up $35,961 (+21%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0Assets 2015: $39,928Liabilities 2015: $02015Assets 2016: $114,659Liabilities 2016: $34,986Net Assets 2016: $79,6732016Assets 2017: $132,667Liabilities 2017: $35,774Net Assets 2017: $96,8932017Assets 2018: $183,116Liabilities 2018: $43,266Net Assets 2018: $139,8502018Assets 2019: $221,163Liabilities 2019: $64,200Net Assets 2019: $156,9632019Assets 2020: $238,135Liabilities 2020: $71,285Net Assets 2020: $166,8502020Assets 2021: $308,379Liabilities 2021: $153,727Net Assets 2021: $154,6522021Assets 2022: $367,041Liabilities 2022: $237,707Net Assets 2022: $129,3342022Assets 2023: $587,574Liabilities 2023: $285,050Net Assets 2023: $302,5242023Assets 2024: $826,701Liabilities 2024: $315,026Net Assets 2024: $511,6752024

Highlighted filing

2024

Assets$826,701
Liabilities$315,026
Net Assets$511,675

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $150,985Expenses 2015: $111,057Net Income 2015: $39,9282015Revenue 2016: $311,076Expenses 2016: $271,331Net Income 2016: $39,7452016Revenue 2017: $285,254Expenses 2017: $268,034Net Income 2017: $17,2202017Revenue 2018: $288,447Expenses 2018: $245,490Net Income 2018: $42,9572018Revenue 2019: $335,029Expenses 2019: $317,916Net Income 2019: $17,1132019Revenue 2020: $151,217Expenses 2020: $141,330Net Income 2020: $9,8872020Revenue 2021: $119,395Expenses 2021: $131,593Net Income 2021: -$12,1982021Revenue 2022: $317,639Expenses 2022: $342,957Net Income 2022: -$25,3182022Revenue 2023: $751,349Expenses 2023: $578,159Net Income 2023: $173,1902023Revenue 2024: $1,191,992Expenses 2024: $982,841Net Income 2024: $209,1512024

Highlighted filing

2024

Revenue$1,191,992
Expenses$982,841
Net Income$209,151

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Mar 12, 2025
Return Version
2023v6.0
Gross Receipts
$1,191,992
Mission and Program Overview

Mission

Naseo institute, inc was organized for the purpose of providing education, training and outreach to state energy officials

Providing education, training, and outreach to state energy officials

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$400,623$577,637▲ $177,014
Prepaid Expenses and Deferred Charges$10,505$64,801▲ $54,296
Savings and Temporary Cash Investments$26,292$0▼ $26,292
Accounts Receivable$0$1,446▲ $1,446
Total Assets$587,574$826,701▲ $239,127
Other Assets Total$150,154$182,817▲ $32,663
Liabilities
Deferred Revenue$285,050$315,026▲ $29,976
Total Liabilities$285,050$315,026▲ $29,976
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$302,524$511,675▲ $209,151
Total Net Assets Fund Balance$302,524$511,675▲ $209,151
Total Liabilities and Net Assets / Fund Balance$587,574$826,701▲ $239,127

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$182,817--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Francis MurrayChair
David TerryPresident
Carol WernerBoard Member
Paul MillerBoard Member
Robert JacksonBoard Member
William TaylorBoard Member
Eddy TrevinoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,191,992
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$209,151
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$827,594
Grants and Similar Amounts Paid$90,000
Salaries, Compensation, and Employee Benefits$65,247
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$657,304--$657,304
Grants to Domestic Orgs$90,000--$90,000
Current Officers, Directors, Trustees, and Key Employees$54,819$10,428-$65,247
Travel$44,990$10,285-$55,275
Fees for Services Other$38,732--$38,732
Office Expenses$15,150--$15,150
Other Expenses$3,652$54,499-$3,652
Fees for Services Accounting-$2,500-$2,500
Fees for Services Legal-$482-$482
Total Functional Expenses$904,647$78,194$0$982,841
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
NaseoArlington, VA501c3To Further Outreach and Development of Programs$90,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The president and the chief financial officer of a related organization both review the 990 prior to submission. The board has access to the 990 upon request.

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

The conflict of interest policy is included in a financial procedures manual and it is reviewed regularly.

Form 990, Part VI, Section C, Line 19

Naseo institute's governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Naseo Institute Inc
EIN
47-3531809
Phone
7032998800
Address
1300 NORTH 17TH STREET 1275, ARLINGTON, VA 22209

Signing Officer

Name
David Terry
Title
President
Phone
7032998800
Signed
2025-03-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Terry
Formed
2015
Legal Domicile
Dc
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Dembo Jones Pc
Address
6116 EXECUTIVE BLVD SUITE 500, NORTH BETHESDA, MD 20852
Preparer
David J Sherdel CPA
Phone
3017705100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require naseo institute to evaluate tax positions taken and recognize a tax liability if it is more likely than not that uncertain tax positions taken would not be sustained upon examination by taxing authorities. Naseo institute has analyzed tax positions taken and has concluded that, as of september 30, 2024 and 2023, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability or disclosure in the combined financial statements. For the years ended september 30, 2024 and 2023, naseo institute had no interest and penalties related to income taxes. Naseo institute is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Naseo institute's federal and state income tax returns are subject to examination by the internal revenue service and state tax authorities, generally for a period of three years after the returns are filed.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE NASEO INSTITUTE TO EVALUATE TAX POSITIONS TAKEN AND RECOGNIZE A TAX LIABILITY IF IT IS MORE LIKELY THAN NOT THAT UNCERTAIN TAX POSITIONS TAKEN WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. NASEO INSTITUTE HAS ANALYZED TAX POSITIONS TAKEN AND HAS CONCLUDED THAT, AS OF SEPTEMBER 30, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE COMBINED FINANCIAL STATEMENTS. FOR THE YEARS ENDED SEPTEMBER 30, 2024 AND 2023, NASEO INSTITUTE HAD NO INTEREST AND PENALTIES RELATED TO INCOME TAXES. NASEO INSTITUTE IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. NASEO INSTITUTE'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0182817
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt090000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO FURTHER OUTREACH AND DEVELOPMENT OF PROGRAMS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0NASEO
IRS990ScheduleI/RecipientTable/RecipientEIN0521474553
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01300 NORTH 17TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0ARLINGTON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022209
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0SCHEDULE I, PART I, LINE 2: NASEO GRANT- REPORT ON USE OF GRANT MONEY REQUIRED AT END OF GRANT PERIOD.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0459435
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt033000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020434
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt035323
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAVID TERRY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0548192
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0NASEO INSTITUTE'S AFFILIATE, NASEO, ESTABLISHES THE COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT AND THE CHIEF FINANCIAL OFFICER OF A RELATED ORGANIZATION BOTH REVIEW THE 990 PRIOR TO SUBMISSION. THE BOARD HAS ACCESS TO THE 990 UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CONFLICT OF INTEREST POLICY IS INCLUDED IN A FINANCIAL PROCEDURES MANUAL AND IT IS REVIEWED REGULARLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NASEO INSTITUTE'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0521474553
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO FOSTER PUBLIC DISCUSSION ON NATIONAL ENERGY ISSUES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0BOX 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01300 NORTH 17TH STREET SUITE 1275
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0ARLINGTON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd022209
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt065249
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt190000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt22500
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3115788
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3NATIONAL ASSOCIATION OF STATE ENERGY OFFICIALS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2Q
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0587574
IRS990/TotalAssetsEOYAmt0826701
IRS990/TotalAssetsGrp/BOYAmt0587574
IRS990/TotalAssetsGrp/EOYAmt0826701
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078194
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0904647
IRS990/TotalFunctionalExpensesGrp/TotalAmt0982841
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0285050
IRS990/TotalLiabilitiesEOYAmt0315026
IRS990/TotalLiabilitiesGrp/BOYAmt0285050
IRS990/TotalLiabilitiesGrp/EOYAmt0315026

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