2014-08-22T09:54:42-05:00 2013-12-31 KPMG LLP 345 Park Avenue New York NY 101540102 990 2013-01-01 133480246 NATIONAL ACADEMY FOUNDATION % IRA BERKOWITZ CFO NATI 2126352400 218 WEST 40TH STREET 5TH FLOOR Suite NEW YORK NY 10018 IRA BERKOWITZ CFO 2126352400 2014-08-14 true KPMG LLP 2127589700 2013 2015-11-30 17:44:51Z JD HOYE CEO 218 WEST 40TH STREET 5TH FL NEW YORK NY 10018 19570974 false X WWW.NAF.ORG X 1988 NY NATIONAL ACADEMY FOUNDATION STRENGTHENS AND EXPANDS THE POOL OF HIGH SCHOOL GRADUATES PREPARED TO ENTER COLLEGE & THE WORKFORCE THROUGH ITS SERVICES TO OVER 500 ACADEMIES. 22 20 70 20 0 19649773 16834503 1841786 2310478 235260 142132 596136 6595 22322955 19293708 309539 321153 0 0 6207319 6205392 214250 363345 1121248 5948466 6575289 12679574 13465179 9643381 5828529 19269110 25023537 1345692 1526466 17923418 23497071 X SEE SCHEDULE O. false false 3411171 66200 761055 THE ACADEMY OF FINANCE CONNECTS HIGH SCHOOL STUDENTS WITH THE WORLD OF FINANCIAL SERVICES, OFFERING A CURRICULUM THAT COVERS BANKING AND CREDIT, FINANCIAL PLANNING, INTERNATIONAL FINANCE SECURITIES, INSURANCE, ACCOUNTING, AND ECONOMICS. 2723446 10900 596964 THE ACADEMY OF INFORMATION TECHNOLOGY PREPARES STUDENTS FOR CAREER OPPORTUNITIES IN PROGRAMMING, DATABASE ADMINISTRATION, WEB DESIGN AND ADMINISTRATION, DIGITAL NETWORKS, AND OTHER AREAS IN THE EXPANDING DIGITAL WORKPLACE. 1892145 68500 414748 THE ACADEMY OF ENGINEERING ANSWERS AN ACUTE NEED FOR ENGINEERS IN THIS COUNTRY BY EDUCATING HIGH SCHOOL STUDENTS IN THE PRINCIPLES OF ENGINEERING, AND PROVIDING CONTENT IN THE FIELDS OF ELECTRONICS, BIOTECH, AEROSPACE, CIVIL ENGINEERING, AND ARCHITECTURE. 2383545 175553 551056 10410307 true true false false false false false false true true true false false false false true true false false false false false false true true false false true true true false false false false false false true false true false false false false false false false false true 96 0 true 70 true false false false 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DIRECTOR 3.0 X 0 0 0 JEFFREY BRILL DIRECTOR FROM 01/10/2013 3.0 X 0 0 0 BARBARA BENIOFF FRIEDMAN DIRECTOR 3.0 X 0 0 0 JOHN HINSHAW DIRECTOR 3.0 X 0 0 0 MARK A STANDISH DIRECTOR FROM 01/10/2013 3.0 X 0 0 0 JOSEPH PLUMERI DIRECTOR FROM 06/17/2013 3.0 X 0 0 0 JOSEPH TUCCI DIRECTOR FROM 09/19/2013 3.0 X 0 0 0 DAVID MOORE SVP, PROGRAMS 40.0 X 213801 0 26026 IRA BERKOWITZ CFO 40.0 X 170569 0 44821 KATHERINE BLASIK AVP, RESEARCH & EVALUATION 40.0 X 153144 0 18874 ANDREW ROTHSTEIN CHIEF ACADEMIC OFFICER 40.0 X 144102 0 31766 WILLIAM TAYLOR ASSOCIATE VP, PROGRAMS 40.0 X 129925 0 28609 BRENDA BARRY AVP, AVADEMY DEVELOPMT 40.0 X 122904 0 40144 NEYSA YOON-CHO AVP, INSTITUTIONAL ADVANCEMENT 40.0 X 125067 0 13444 1434894 0 268078 8 false true false PEARSON CHARITABLE FOUNDATION 1330 AVENUE OF THE AMERICAS 7TH FL NEW YORK NY 10019 CURRICULUM SERVICES 1006300 CONNECTEDU 600 ATLANTIC AVENUE 20TH FLOOR BOSTON MA 02210 CONSULTING SERVICES 1250000 WESTED 4665 LAMPSON AVENUE LOS ALAMITOS CA 90720 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804212 1766271 1999532 0 0 X 19622641 22390 306543 328933 19293708 19293708 14048988 306543 277266 583809 13465179 13465179 PART IV, LINE 2B: NATIONAL ACADEMY FOUNDATION HOLDS FUNDS FOR SEVERAL ACADEMIES THAT PARTICIPATE IN ITS EDUCATIONAL PROGRAMS, TO BE USED FOR RELATED ACTIVITIES. LINE 4: THE ALDO PAPONE ENDOWMENT WAS ESTABLISHED BY THE AMERICAN EXPRESS COMPANY IN 1991 TO PROVIDE FUNDS FOR GRANT AWARDS TO OUTSTANDING U.S. ACADEMY PROGRAM. ON AN ANNUAL BASIS, A MAXIMUM OF 7% OF THE ALDO PAPONE ENDOWMENT'S ASSETS ARE AVAILABLE FOR DISBURSEMENT. THE JESSE BLACKMAN ENDOWMENT WAS ESTABLISHED IN 1994 WITH A CONTRIBUTION FROM THE AMERICAN EXPRESS COMPANY. THE PURPOSE OF THE JESSE BLACKMAN ENDOWMENT IS TO PROVIDE FUNDS FOR A SCHOLARSHIP TO AN OUTSTANDING STUDENT IN THE HOSPITALITY AND TOURISM PROGRAM. PRESENTLY, THE ANNUAL SCHOLARSHIP LIMIT IS $1,500. FIN 48, PART X, LINE 2: The National Academy Foundation (NAF) was incorporated in July 1988 and began operations in 1989 as an educational organization. NAF operates as a not-for-profit corporation under Section 501(c)(3) of the Internal Revenue Code (the Code) and is exempt from federal income taxes. Accordingly, it is not subject to income taxes except to the extent it has taxable income from activities that are not related to its exempt purpose. NAF recognizes the effect of income tax positions if those positions are more likely than not of being sustained. NAF has evaluated its tax positions in 2013 and 2012, and has determined that there are no significant uncertain tax positions, that it will continue to be exempt from income taxes, and that no provision for income taxes was required for 2013 or 2012. PART XII, LINE 2D: SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII, LINE 8. X X X X X X X true ELINORE ANTELL GRANTWRITER false 54000 COMMUNITY COUNSELLING COUNCIL false 309000 363000 AL AK AR CA CT DC FL GA HI IL KS KY ME MD MA MI MN MO NH NJ NM NY NC OH OK OR PA RI SC TN UT VA WA GALA 1860886 1590370 270516 103000 174266 0 1860886 1590370 270516 103000 174266 277266 -6750 true CHANNEL ISLAND HIGH SCHOOL AOF OXNARD UNION HS DISTRICT OXNARD CA 93030 SCHOOL DISTRICT 5500 N/A N/A YOP GRANT DON LUGO HIGH SCHOOL AOE 13400 PIPELINE AVENUE CHINO CA 91710 SCHOOL DISTRICT 5500 N/A N/A YOP GRANT HUENEME HIGH SCHOOL AOE OXNARD UNION HS DISTRICT OXNARD CA 93030 SCHOOL DISTRICT 5500 N/A N/A YOP GRANT OXNARD HIGH SCHOOL AOE 309 SOUTH K STREET OXNARD CA 93030 SCHOOL DISTRICT 5500 N/A N/A YOP GRANT PACIFICA HIGH SCHOOL 309 SOUTH K STREET OXNARD CA 93030 SCHOOL DISTRICT 5500 N/A N/A YOP GRANT BLAIR HIGH SCHOOL AOHT 351 SOUTH HUDSON AVENUE ROOM 205 PASADENA CA 91109 SCHOOL DISTRICT 6000 N/A N/A YOP GRANT MADISON PARK ACADEMY AOF 2607 MYRTLE STREET OAKLAND CA 94607 SCHOOL DISTRICT 6000 N/A N/A YOP GRANT MADISON PARK ACADEMY AOIT 2607 MYRTLE STREET OAKLAND CA 94607 SCHOOL DISTRICT 6000 N/A N/A YOP GRANT MCCLYMONDS HIGH SCHOOL AOE 2607 MYRTLE STREET OAKLAND CA 94607 SCHOOL DISTRICT 6000 N/A N/A YOP GRANT CABRILLO HIGH SCHOOL AOF CABRILLO HS AOF LONG BEACH CA 90810 SCHOOL DISTRICT 7000 N.A N/A YOP GRANT RIO MESA HIGH SCHOOL AOE 309 SOUTH K STREET OXNARD CA 93030 SCHOOL DISTRICT 7000 N/A N/A YOP GRANT AGRICULTURE FARM HIGH SCHOOL 2637 W BURREL VISALIA CA 93291 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT DINUBIA HIGH SCHOOL AOE 2637 W BURREL VISALIA CA 93291 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT DINUBIA HIGH SCHOOL AOF 2637 W BURREL VISALIA CA 93291 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT GOLDEN WEST HIGH SCHOOL AOE 2637 W BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT MISSION OAK HIGH SCHOOL AOE 2637 W BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT MT WHITNEY HIGH SCHOOL AOHS 2637 W BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT WESTERN HIGH SCHOOL AOF SAWGRASS TECH CTR FORT LAUDERDALE FL 33301 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT REDWOOD HIGH SCHOOL AOF 2637 BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT TULARE UNION HIGH SCHOOL 2637 W BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT TULARE WESTERN HIGH SCHOOL AOHS 2637 W BURREL VISALIA CA 93278 SCHOOL DISTRICT 10000 N/A N/A YOP GRANT ICEF VISTA BUSINESS & FINANCE ACADEMY 4471 INGLEWOOD BOULEVARD LOS ANGELES CA 90066 SCHOOL DISTRICT 19800 N/A N/A YOP GRANT GLOBAL INITIATIVES INC PO BOX 5146 WEST CHESTER PA 19380 501(C)(3) 25000 N/A N/A YOP GRANT BARKER CENTRAL SCHOOL DISTRICT 1628 QUAKER ROAD BARKER NY 14012 SCHOOL DISTRICT 34463 N/A N/A YOP GRANT 24 0 SCHOLARSHIPS 11 23500 N/A N/A EXPLANATION OF GRANT QUALIFICATIONS NATIONAL ACADEMY FOUNDATION ("NAF") DISBURSES SEVERAL SCHOLARSHIPS TO STUDENTS WHO ARE SENIORS IN THE ACADEMIES DURING THE SCHOOL YEAR. IN ADDITION, PROGRAM GRANTS ARE DISBURSED TO THE ACADEMIES THEMSELVES TO ASSIST WITH PROGRAM EXPENDITURES. SCHOLARSHIPS ARE AWARDED THROUGH A COMPETITIVE APPLICATION PROCESS. DIFFERENT SCHOLARSHIP PROGRAMS HAVE VARYING CRITERIA, BUT IN GENERAL THE FOLLOWING APPLY: STUDENTS MUST BE ENROLLED IN AN ACADEMY, BE IN THEIR SENIOR YEAR, AND HAVE A MINIMUM GPA OF 3.0. ALONG WITH THE APPLICATION, THEY MUST SUBMIT AN ESSAY RESPONSE AS WELL AS WRITTEN RECOMMENDATIONS FROM A TEACHER, ACADEMY DIRECTOR, OR INTERNSHIP EMPLOYER. PROGRAM GRANTS ARE ALSO AWARDED THROUGH A COMPETITIVE PROCESS. AS PART OF THE PROPOSAL, APPLICANTS (ACADEMIES) MUST INCLUDE PROGRAM STATISTICS INCLUDING DATA ON COLLEGE PLACEMENT, ALUMNI SUCCESS STORIES, PROGRAM AWARDS, PROGRAM ENDORSEMENTS FROM THE SCHOOL OR BUSINESS COMMUNITY, ETC. THE APPLICATION MUST ALSO INCLUDE A DETAILED DESCRIPTION OF THE PROJECT, A PLAN FOR HOW FUNDS WILL BE USED TO ACCOMPLISH THE PROJECT, A PROJECT BUDGET (INCLUDING OTHER INCOME SOURCES IF APPLICABLE), A TIME LINE FOR CARRYING OUT THE PROJECT, AND AN EXPLANATION OF HOW THIS PROJECT CAN BE REPLICATED BY OTHER LOCAL ACADEMIES. ALL APPLICATIONS ARE POSTED ON THE NAF WEBSITE, ADVERTISED BY EMAIL TO ALL ENROLLED STUDENTS AND TEACHERS, AND DISTRIBUTED IN PRINTED FORMAT AT NAF CONFERENCES. APPLICATIONS AND PROPOSALS FOR SCHOLARSHIPS AND GRANTS, AND ACCOMPANYING REQUIRED PAPERWORK, ARE SELECTED AND EVALUATED BY EXTERNAL ADMINISTRATORS, INTERNATIONAL SCHOLARSHIP & TUITION SERVICES (ISTS). FINALISTS ARE THEN REVIEWED BY COMMITTEES COMPRISED OF MEMBERS OF STAFF FROM THE NATIONAL ACADEMY FOUNDATION AND THE BUSINESS ENTERPRISE THAT CONTRIBUTES THE SCHOLARSHIP/GRANT FUNDS TO NAF. NAF NOTIFIES THE WINNERS, AND DISBURSEMENT IS MADE BY ISTS OR BY THE NATIONAL ACADEMY FOUNDATION. X X X false false false false false false false false false JONDEL HOYE CEO 375382 0 0 0 0 0 47070 0 17960 0 440412 0 0 0 DAVID MOORE SVP, PROGRAMS 212301 0 1500 0 0 0 18437 0 8225 0 240463 0 0 0 IRA BERKOWITZ CFO 169069 0 1500 0 0 0 20600 0 24857 0 216026 0 0 0 KATHERINE BLASIK AVP, RESEARCH & EVALUATION 151144 0 2000 0 0 0 17226 0 2284 0 172654 0 0 0 ANDREW ROTHSTEIN CHIEF ACADEMIC OFFICER 141102 0 3000 0 0 0 20490 0 11912 0 176504 0 0 0 WILLIAM TAYLOR ASSOCIATE VP, PROGRAMS 127925 0 2000 0 0 0 16770 0 12325 0 159020 0 0 0 BRENDA BARRY AVP, AVADEMY DEVELOPMT 120904 0 2000 0 0 0 13722 0 27051 0 163677 0 0 0 LISA DUGHI SEE PART V 114013 COMPENSATION false RELATIONSHIP BETWEEN INTERESTED PERSON AND THE ORGANIZATION: LISA DUGHI IS THE DAUGHTER OF ROBERT DUGHI, BOARD MEMBER. X 750 22061 AVERAGE COST false true false ORGANIZATION'S MISSION NATIONAL ACADEMY FOUNDATION STRENGTHENS AND EXPANDS THE POOL OF HIGH SCHOOL GRADUATES PREPARED TO ENTER THE WORKFORCE. THE FOUNDATION SERVES OVER 500 ACADEMIES LOCATED IN SCHOOL DISTRICTS NATIONWIDE, SPECIALIZING IN HOSPITALITY AND TOURISM, FINANCE, HEALTH SCIENCES, INFORMATION TECHNOLOGY, AND ENGINEERING. THE FOUNDATION CREATES PROGRAM GOALS AND PRODUCES CURRICULUM FOR NATIONAL DISTRIBUTION TO THE ACADEMIES AND PROVIDES TEACHER TRAINING AND ON-SITE ASSISTANCE TO THE ACADEMIES, WITH A SPECIALIZATION IN CONNECTING ACADEMIES TO THE BUSINESS WORLD THROUGH A MODEL THAT OFFERS PAID INTERNSHIPS TO STUDENTS AND ADVISORY BOARDS MADE UP OF LOCAL PROFESSIONALS. PART III, LINE 4D OTHER PROGRAM SERVICES THE ACADEMY OF HOSPITALITY AND TOURISM HELPS STUDENTS CHART CAREER PATHS IN ONE OF THE WORLD'S LARGEST INDUSTRIES, FROM HOTEL MANAGEMENT TO SPORTS, ENTERTAINMENT, AND EVENT MANAGEMENT, AND INCLUDES THE STUDY OF GEOGRAPHY, ECONOMICS, AND WORLD CULTURES. THE ACADEMY OF HOSPITALITY AND TOURISM CURRICULUM HAS RECEIVED INDUSTRY VALIDATION FROM THE GLOBAL TRAVEL AND TOURISM PARTNERSHIP (GTTP) AND THE INSTIUTE OF TRAVEL AND TOURISM (ITT). THE ACADEMY OF HEALTH SCIENCES ADDRESSES THE CRITICAL ACHIEVEMENT GAP IN STEM FIELDS AND DEVELOPS A PIPELINE OF STUDENTS PREPARED TO PURSUE HEALTH-RELATED DEGREES AND PROFESSIONS IN ONE OF THE FASTEST GROWING SECTORS OF THE ECONOMY, INCLUDING BIOTECHNOLOGY, GENETICS, NURSING, THERAPEUTICS, AND DIAGNOSTICS. SECTION A. LINE 2 WILLIAM HANNON AND ANDY BESSETTE ; BUSINESS RELATIONSHIP - ALL EXECUTIVE OFFICERS OF THE TRAVELERS COMPANIES, INC. WILLIAM HANNON IS EXECUTIVE VICE PRESIDENT AND ANDY BESSETTE IS THE CHIEF ADMINISTRATIVE OFFICER. THE INSURANCE WAS NEGOTIATED WITH AN INDEPENDENT THIRD PARTY INSURANCE BROKER AT ARM'S LENGTH AND IN THE NORMAL COURSE OF BUSINESS. THE TOTAL AMOUNT OF THE INSURANCE PREMIUM DID NOT EXCEED $35,000. THIS AMOUNT IS NOT MATERIAL TO NAF OR THE TRAVELERS COMPANIES, INC. AND FALLS BELOW THE APPLICABLE THRESHOLD FOR REPORTING ON SCHEDULE L. SECTION B. LINE 11 THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE COMPANY AND IN CONSULTATION WITH NATIONAL ACADEMY FOUNDATION STAFF MEMBERS. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN REVIEWED BY THE COMPANY'S FINANCE DEPARTMENT, AND THE FINANCE AND AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. THE FINAL VERSION OF THE ORGANIZATION'S FORM 990 IS THEN PROVIDED TO THE FULL BOARD OF DIRECTORS AFTER SUBMISSION OF THE RETURN TO THE INTERNAL REVENUE SERVICE. SECTION B. LINE 12 NATIONAL ACADEMY FOUNDATION HAS A CODE OF ETHICS/CONFLICT OF INTEREST POLICY REQUIRING ALL EMPLOYEES AND BOARD MEMBERS TO COMPLETE A CONFLICT OF INTEREST POLICY LETTER ANNUALLY. THE STAFF LETTERS ARE REVIEWED AND MAINTAINED BY THE CFO. THE BOARD LETTERS ARE REVIEWED BY THE CEO AND CHAIRMAN OF THE BOARD. IN THE EVENT OF A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS DETERMINES THE APPROPRIATE ACTIONS REQUIRED, INCLUDING PREVENTING THE INDIVIDUAL FROM PARTICIPATING IN DISCUSSION AND DECISIONS REGARDING THE MATTER. SECTION B. LINE 15 NAF HIRED AN INDEPENDENT COMPENSATION CONSULTANT TO PRODUCE A SALARY SURVEY IN 2013. NAF HAS SET COMPENSATION FOR SENIOR MANAGEMENT WITHIN THE RANGE OF THE GOING MARKET RATE FOR FUNCTIONALLY COMPARABLE POSITIONS HELD BY INDIVIDUALS WITH SIMILAR EXPERIENCE LEVELS AT SIMILARLY SITUATED ORGANIZATIONS. DOCUMENTATION IS MAINTAINED IN NAF'S RECORDS. THE FULL BOARD OF DIRECTORS REVIEWS AND APPROVES THE PRESIDENT'S COMPENSATION. NAF'S CONFLICT OF INTEREST POLICY WOULD PRECLUDE ANY INDIVIDUALS HAVING A CONFLICT OF INTEREST FROM BEING INVOLVED IN DETERMINING COMPENSATION. SECTION C. LINE 19 NATIONAL ACADEMY FOUNDATION DOES NOT CURRENTLY MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. OTHER CHANGES IN NET ASSETS OR FUND BALANCES: SPECIAL EVENT EXPENSES REPORTED ON 990 PART VIII, LINE 8.