Public & Societal Benefit
(W03)
IRS Verified
DX Registered
990 on File
NATIONAL ASSOCIATION OF CORPORATE DIRECTORS
Financial strength (30%)
84/100
Reliability (20%)
55/100
Effectiveness (25%)
93/100
Impact (25%)
No data yet
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CharityAI™ Score
Not yet evaluated
Mission Statement
NACD advances exemplary board leadership - for directors, by directors. Our team provides the information and insights that board members rely upon to confidently navigate business challenges and enhance long-term shareowner value. Importantly, directors and boards turn to NACD to gain the knowledge and wisdom to become a strategic asset to their companies, and NACD amplifies the collective voice of directors in the national dialogue on board governance issues. NACD is the Voice of the Director. This is not corporate speak: Our entire organization is focused on meeting the needs of board members, and supporting directors to perform more effectively and efficiently.
Financial Overview — FY 2025
$47.7M
Total Revenue
$47.9M
Total Expenses
$36.8M
Net Assets
168
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
77.4%
Fundraising Efficiency
N/A
Operating Reserve
9.21x
Liability-to-Asset
56.1%
Revenue Diversification
96.5%
Executive Compensation
$3.2M
Compared with Peers
FY 2025
Compared with 59 similar organizations
(United States, Public & Societal Benefit, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
77.4% | 82.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
22.6% | 11.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.2 mo | 10.0 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
56.1% | 23.0% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.5% | 92.6% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
1.4% | 5.2% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
5.1% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.4% | 3.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $47.7M | $47.9M | $36.8M | 77.4% | 168 |
| 2024 | $47.0M | $45.6M | $32.8M | 74.6% | 171 |
| 2023 | $44.8M | $42.0M | $28.7M | 74.8% | 167 |
| 2022 | $38.4M | $37.7M | $22.1M | 74.9% | 159 |
| 2021 | $38.2M | $29.9M | N/A | — | 140 |
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