Civic Intelligence

National Association of State Treasurers

EIN 61-1370611 • 501(c)3 • Washington, DC

Profile

To raise and provide financial and in-kind support for the education and professional development of state treasurers and their staffs.

1201 Pennsylvania Ave NW 800Washington, DC 20004

nast.org/NAST-FOUNDATION-2-0

Siviq Scores

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

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Liabilities / Revenue

64th percentile

0.29x

Higher debt load relative to revenue than 64% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Net Margin

85th percentile

39%

Higher net margin than 85% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Top Officer Pay

94th percentile

$475,179

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 6.2% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2025

Asset Growth

99th percentile

564%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Revenue Growth

98th percentile

509%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$5,455,902

Up $4,633,663 (+564%) from 2024

Liabilities

Up

$2,230,952

Up $1,606,524 (+257%) from 2024

Net Assets

Up

$3,224,950

Up $3,027,139 (+1530%) from 2024

Operations
Liabilities / Revenue64th percentileNet Margin85th percentile

Revenue

Up

$7,651,520

Up $6,395,230 (+509%) from 2024

Expenses

Up

$4,689,487

Up $3,528,076 (+304%) from 2024

Net Income

Up

$2,962,033

Up $2,867,154 (+3022%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $0Liabilities 2010: $75,606Net Assets 2010: -$75,6062010Assets 2011: $5,335Liabilities 2011: $56,679Net Assets 2011: -$51,3442011Assets 2012: $0Liabilities 2012: $121,228Net Assets 2012: -$121,2282012Assets 2013: $0Liabilities 2013: $100,480Net Assets 2013: -$100,4802013Assets 2014: $3,068Liabilities 2014: $94,389Net Assets 2014: -$91,3212014Assets 2015: $208,655Liabilities 2015: $4,300Net Assets 2015: $204,3552015Assets 2016: $98,923Liabilities 2016: $4,300Net Assets 2016: $94,6232016Assets 2017: $558,611Liabilities 2017: $66,650Net Assets 2017: $491,9612017Assets 2018: $239,676Liabilities 2018: $11,223Net Assets 2018: $228,4532018Assets 2019: $610,982Liabilities 2019: $144,417Net Assets 2019: $466,5652019Assets 2020: $1,380,707Liabilities 2020: $1,214,582Net Assets 2020: $166,1252020Assets 2021: $194,861Liabilities 2021: $41,565Net Assets 2021: $153,2962021Assets 2022: $693,114Liabilities 2022: $559,038Net Assets 2022: $134,0762022Assets 2023: $1,150,557Liabilities 2023: $1,047,625Net Assets 2023: $102,9322023Assets 2024: $822,239Liabilities 2024: $624,428Net Assets 2024: $197,8112024Assets 2025: $5,455,902Liabilities 2025: $2,230,952Net Assets 2025: $3,224,9502025

Highlighted filing

2025

Assets$5,455,902
Liabilities$2,230,952
Net Assets$3,224,950
Open 2025 Filing

Operations Trend

Revenue Growth98th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2010: $143,346Expenses 2010: $174,695Net Income 2010: -$31,3492010Revenue 2011: $124,793Expenses 2011: $100,531Net Income 2011: $24,2622011Revenue 2012: $126,106Expenses 2012: $195,990Net Income 2012: -$69,8842012Revenue 2013: $77,552Expenses 2013: $56,804Net Income 2013: $20,7482013Revenue 2014: $37,437Expenses 2014: $28,278Net Income 2014: $9,1592014Revenue 2015: $338,513Expenses 2015: $42,836Net Income 2015: $295,6772015Revenue 2016: $175,364Expenses 2016: $285,096Net Income 2016: -$109,7322016Revenue 2017: $421,000Expenses 2017: $23,662Net Income 2017: $397,3382017Revenue 2018: $258,890Expenses 2018: $522,398Net Income 2018: -$263,5082018Revenue 2019: $425,000Expenses 2019: $186,888Net Income 2019: $238,1122019Revenue 2020: $362,831Expenses 2020: $663,271Net Income 2020: -$300,4402020Revenue 2021: $1,187,358Expenses 2021: $1,200,187Net Income 2021: -$12,8292021Revenue 2022: $403,851Expenses 2022: $423,071Net Income 2022: -$19,2202022Revenue 2023: $480,200Expenses 2023: $511,344Net Income 2023: -$31,1442023Revenue 2024: $1,256,290Expenses 2024: $1,161,411Net Income 2024: $94,8792024Revenue 2025: $7,651,520Expenses 2025: $4,689,487Net Income 2025: $2,962,0332025

Highlighted filing

2025

Revenue$7,651,520
Expenses$4,689,487
Net Income$2,962,033
Open 2025 Filing

Filings

Most recent year

2025 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$5,455,902
Liabilities
$2,230,952
Net assets
$3,224,950
Revenue
$7,651,520
Expenses
$4,689,487
Net income
$2,962,033
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.46$2.23$3.22$7.65$4.69$2.96
2024Detailed filing. Detailed filing data is available for this year.$0.82$0.62$0.20$1.26$1.16$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.15$1.05$0.10$0.48$0.51$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.56$0.13$0.40$0.42$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.19$0.04$0.15$1.19$1.20$0.01
2020Detailed filing. Detailed filing data is available for this year.$1.38$1.21$0.17$0.36$0.66$0.30
2019Detailed filing. Detailed filing data is available for this year.$0.61$0.14$0.47$0.43$0.19$0.24
2018Detailed filing. Detailed filing data is available for this year.$0.24$0.01$0.23$0.26$0.52$0.26
2017Detailed filing. Detailed filing data is available for this year.$0.56$0.07$0.49$0.42$0.02$0.40
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.09$0.18$0.29$0.11
2015Summary only. Only limited summary data is available for this year.$0.21$0.00$0.20$0.34$0.04$0.30
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.09$0.09$0.04$0.03$0.01
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.10$0.10$0.08$0.06$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.12$0.12$0.13$0.20$0.07
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.01$0.06$0.05$0.12$0.10$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.08$0.08$0.14$0.17$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 6, 2025
Return Version
2024v5.2
Gross Receipts
$7,651,520
Mission and Program Overview

Mission

To raise and provide financial and in-kind support for the education and professional development of state treasurers and their staffs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities-$3,729,951-
Cash and Non-Interest-Bearing Accounts$820,996$1,333,516▲ $512,520
Prepaid Expenses and Deferred Charges$1,243$357,221▲ $355,978
Accounts Receivable-$35,214-
Total Assets$822,239$5,455,902▲ $4,633,663
Liabilities
Deferred Revenue$572,658$1,620,607▲ $1,047,949
Accounts Payable and Accrued Expenses$51,770$610,345▲ $558,575
Total Liabilities$624,428$2,230,952▲ $1,606,524
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$197,811$3,224,950▲ $3,027,139
Total Net Assets Fund Balance$197,811$3,224,950▲ $3,027,139
Total Liabilities and Net Assets / Fund Balance$822,239$5,455,902▲ $4,633,663
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Shaun SnyderChief Executive OfficerFT$421,313$53,866$475,179

Board Members and Trustees

NameTitle
Laura GlennCorporate Affiliate Chair
Honorable James a DoissaPolicy and Advocacy Chair
Honorable Thomas BeadlePresident
Honorable Rachel EubanksSenior Vice President
Bette Anne MobleyAspn Representative
Mary MorrisCspn Representative
Honorable Erick RussellEastern Region VP
Honorable Steven JohnsonMidwestern Region VP
Honorable Carmen PiglerNaupa Representive
Mark PascarellaSdmn Representative
Honorable Daniel ElliotSecretary Treasurer
Honorable Young BoozerSouthern Region VP
Honorable Dave YoungWestern Region VP

Highest Paid Contractors

ContractorServicesLocationCompensation
Baltimore Marriott WaterfrontConference Housing700 ALICEANNA ST, Baltimore, MD 21202$400,000
William & Jenson PllcLegislative Consultant1201 PENNSYLVANIA AVENUE NW SUITE, Washington, DC 20004$256,884
Swissotel ChicagoConference Housing323 E WACKER DR, Chicago, IL 60601$165,386
The Westin - Washington DcConference Housing1400 M ST NW, Washington, DC 20005$157,855
Dalton AgencyAdvertising140 WEST MONROE STREET, Jacksonville, FL 32202$119,367
Revenue and Support

Revenue Composition

Contributions and Grants
$6,065,308
Program Service Revenue
$1,358,255
Investment Income
$195,516
Other Revenue
$32,441
All Other Contributions
$1,515,931
Change in Net Assets
$2,962,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,434,139
Salaries, Compensation, and Employee Benefits$2,053,348
Grants and Similar Amounts Paid$202,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$1,237,070$221-$1,237,291
Other Salaries and Wages$306,315$791,614-$1,097,929
Current Officers, Directors, Trustees, and Key Employees-$483,198-$483,198
Fees for Services Other$451,768$3,389-$455,157
Grants to Domestic Orgs$202,000--$202,000
Fees for Services Lobbying-$198,000-$198,000
Pension Plan Contributions-$195,699-$195,699
Other Employee Benefits-$184,554-$184,554
Travel$54,451$91,321-$145,772
Information Technology$9,558$113,821-$123,379
Payroll Taxes-$91,968-$91,968
Office Expenses$48,457$13,139-$61,596
Fees for Services Accounting-$50,050-$50,050
Occupancy-$36,000-$36,000
Fees for Services Legal-$20,241-$20,241
Insurance-$14,020-$14,020
Other Expenses$14,463$5,876-$5,876
Total Functional Expenses$2,350,494$2,338,993$0$4,689,487
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Communication Service for the Deaf IncAustin, TX501(c)(3)Able Subgrant$75,000
The Harkin Institute - Drake UniversityDes Moines, IA501(c)(3)Able Subgrant$75,000
Shrm Foundation IncAlexandria, VA501(c)(3)Able Subgrant$50,000
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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 form 990 will be reviewed by one or more board members after it has been filed.”

Form 990, Part VI, Section B, Line 15

“The board reviews and approves the executive director's compensation.”

Form 990, Part VI, Section C, Line 19

“Governing documents and financial statements are available upon request. The organization does not have a written conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
National Association of State Treasurers
EIN
61-1370611
Phone
8592761147
Address
1201 PENNSYLVANIA AVE NW 800, WASHINGTON, DC 20004
Doing Business As
National Association of State Treasurers

Signing Officer

Name
Shaun Snyder
Title
Chief Executive Officer
Phone
8592761147
Signed
2025-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shaun Snyder
Formed
2000
Legal Domicile
Ky
Voting Board Members
14
Independent Board Members
14
Employees
0
Volunteers
0

Preparer

Firm
Rfh Pllc
Address
300 WEST VINE STREET STE 800, LEXINGTON, KY 40507-1812
Preparer
Tyler Fallin CPA
Phone
8592311800
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

“The program service accomplishments listed on page 2, line 4 are new program services during the year. The organization received a contribution of the net assets of national association of state treasurers and began performing significant program services that had previously been performed by that organization.”

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The foundation is exempt from federal income taxes under section 501(c)(3) of the code. However, income from certain activities not directly related to the foundation's respective tax-exempt purposes are subject to taxation as unrelated business income. In addition, the foundation has been determined by the internal revenue service not to be private foundations within the context of section 509(a) of the code. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the association and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by various federal and state taxing authorities. Management has analyzed the tax positions taken by the foundation, and has concluded that as of june 30, 2025 there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the accompanying consolidated financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The foundation has filed their respective federal income tax returns for periods through june 30, 2024. These income tax returns are generally open to examination by the relevant taxing authorities for a period of three years from the later of the date of the return or its due date (including approved extensions).”

Raw XML AppendixShowing 400 of 601 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/PersonNm1HONORABLE THOMAS BEADLE
IRS990/Form990PartVIISectionAGrp/PersonNm2HONORABLE DANIEL ELLIOT
IRS990/Form990PartVIISectionAGrp/PersonNm3HONORABLE ERICK RUSSELL
IRS990/Form990PartVIISectionAGrp/PersonNm4HONORABLE DAVE YOUNG
IRS990/Form990PartVIISectionAGrp/PersonNm5HONORABLE STEVEN JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm6HONORABLE YOUNG BOOZER
IRS990/Form990PartVIISectionAGrp/PersonNm7HONORABLE JAMES A DOISSA
IRS990/Form990PartVIISectionAGrp/PersonNm8MARK PASCARELLA
IRS990/Form990PartVIISectionAGrp/PersonNm9BETTE ANNE MOBLEY
IRS990/Form990PartVIISectionAGrp/PersonNm10MARY MORRIS
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IRS990/Form990PartVIISectionAGrp/PersonNm12LAURA GLENN
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SENIOR VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EASTERN REGION VP
IRS990/Form990PartVIISectionAGrp/TitleTxt4WESTERN REGION VP
IRS990/Form990PartVIISectionAGrp/TitleTxt5MIDWESTERN REGION VP
IRS990/Form990PartVIISectionAGrp/TitleTxt6SOUTHERN REGION VP
IRS990/Form990PartVIISectionAGrp/TitleTxt7POLICY AND ADVOCACY CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt8SDMN REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt9ASPN REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt10CSPN REPRESENTATIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt11NAUPA REPRESENTIVE
IRS990/Form990PartVIISectionAGrp/TitleTxt12CORPORATE AFFILIATE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF EXECUTIVE OFFICER
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