National Association of College and
The usual public activitites of the National Association of College and univsersity business officers (NACUBO) are to develop, promote, and improve business and financial principles and practices in the administration of institutions of higher education and to foster among member institutions professional ideals and standards in business and financial administration.NACUBO's core mission is to improve financial and administrative management at institutions of higher education. To this end, NACUBO marshals expertise, shares knowledge, provides technical assistance, and encourages innovation in business practices. Areas of focus include accounting and financial management including endowments and debt, taxation, student financial services, and business operations including information technology and facilities management.
National Association of College and at a glance
In short: National Association of College and gave $46K across 6 grants in 2025 (avg $8K), top state New Jersey. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $45,600
- -79.0% vs 2024
- Grants made (2025)
- 6
- -70.0% vs 2024
- Average grant
- $7,600
- -30.1% vs 2024
- Median grant
- $7,000
- Total assets
- $37,464,023
- -5.9% vs 2024
- Primary geography
- New Jersey (27% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated September 2026.
Who National Association of College and funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Brooklyn College ($7K). Together the top 2 received $13K.
Organizations only. It also paid 4 grants to individuals ($33,100), which are not listed by name.
Grant Size Distribution
26 grants across all recorded years
The most common grant size was under $50K: 26 grants of 26 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 6 itemized grants.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $12K (2020) to $218K (2024). In 2025 it made 6 grants totaling $46K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 4 grants to individuals Recipients not named | — | $33,100 |
| Brooklyn College Brooklyn, NY | Stipend | $6,500 |
| Rutgers the State University Piscataway, NJ | Stipend | $6,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $37,464,023 | $20,033,806 | $17,862,592 | $45,600 | 6 | $2,436,759 |
| 2024 | $39,795,703 | $16,387,304 | $17,325,943 | $217,500 | 20 | $112,528 |
| 2023 | $34,866,804 | $17,490,386 | $16,629,168 | — | — | $335,557 |
| 2022 | $30,694,720 | $19,712,645 | $12,636,957 | — | — | $1,218,289 |
| 2021 | $26,631,746 | $12,479,810 | $11,154,742 | — | — | $463,939 |
| 2020 | $21,257,129 | $16,896,763 | $15,076,312 | $11,750 | 1 | $2,967 |
| 2019 | $21,244,611 | $17,099,921 | $18,121,953 | $12,673 | 1 | $680,945 |
About National Association of College and
Based on IRS filings
National Association of College and is a public charity, based in Washington, DC. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $37.5M in total assets. In 2025, it awarded 6 grants totaling $46K. Net investment income was $2.4M.
Leadership & Key People
Officers and directors from IRS filings
National Association of College and is led by Kara Freeman, President & CEO on every filing since 2024; 10 of 38 officers listed in 2025 are compensated.
Officers on the 2025 filing
Kara Freeman
President & CEO
On filings since 2024
35 hrs/week
$260K (2024) → $565K (2025)
Laura Hubbard
Acting Chair & Vice Chair
Director → Acting Chair & Vice Chair, 2025
On filings since 2020
1 hr/week
No compensation reported
Susan Menditto
Senior Director & Accounting Policy
On filings since 2019
35 hrs/week
$161K (2019) → $193K (2025)
Kelli Rainey
Senior Director & Student Success Initiatives
Senior Director & Grants Programs → Senior Director & Student Success Initiatives, 2025
On filings since 2023
35 hrs/week
$138K (2023) → $158K (2025)
Lindsay Wayt
Senior Director & Business Intelligence
Senior Director & Analytics → Senior Director & Business Intelligence, 2025
On filings since 2023
35 hrs/week
$125K (2023) → $140K (2025)
Kenneth Redd
Senior Director, Research & Policy Analysis
On filings since 2024
35 hrs/week
$132K (2024) → $139K (2025)
Michael D. Volna
Director
On filings since 2020
1 hr/week
No compensation reported
John W. Crawford
Director
On filings since 2021
1 hr/week
No compensation reported
Angela Blanton
Director
On filings since 2022
1 hr/week
No compensation reported
Brad Baca
Director
On filings since 2022
1 hr/week
No compensation reported
Clair Knapp
Director
On filings since 2022
1 hr/week
No compensation reported
James S. Matteo
Director
On filings since 2022
1 hr/week
No compensation reported
Jose C. Rodriguez
Director
On filings since 2022
1 hr/week
No compensation reported
Kelly Fox
Director
Director → Secretary, 2023
Secretary → Director, 2024
On filings since 2022
1 hr/week
No compensation reported
Choi Halladay
Director
Director → Secretary, 2024
Secretary → Director, 2025
On filings since 2023
1 hr/week
No compensation reported
Dawn Alston
Director
On filings since 2023
1 hr/week
No compensation reported
Guadalupe Valencia-Skanes
Director
On filings since 2023
1 hr/week
No compensation reported
Noel A. Sloan
Director
On filings since 2023
1 hr/week
No compensation reported
Shari Mayer
Director
On filings since 2023
1 hr/week
No compensation reported
Mark Volpatti
Director
On filings since 2024
1 hr/week
No compensation reported
Michael Clune
Director
On filings since 2024
1 hr/week
No compensation reported
Romayne L. Botti
Director
On filings since 2024
1 hr/week
No compensation reported
Sara F. Thorndike
Director
On filings since 2024
1 hr/week
No compensation reported
Brett Sweet
Director
New on the 2025 filing
1 hr/week
No compensation reported
Debbie Muller
Director
New on the 2025 filing
1 hr/week
No compensation reported
Ellen Herbst
Director
New on the 2025 filing
1 hr/week
No compensation reported
Raysa Lee-Gray
Director
New on the 2025 filing
1 hr/week
No compensation reported
Robyn Pennigton
Director
New on the 2025 filing
1 hr/week
No compensation reported
Shantay Bolton
Director
New on the 2025 filing
1 hr/week
No compensation reported
Steven Mandeville
Director
New on the 2025 filing
1 hr/week
No compensation reported
Elizabeth Clark
Vice President, Policy & Research
Senior Director & Federal Affairs → Vice President Policy & Research, 2020
Vice President Policy & Research → Vice President, Policy & Research, 2021
On filings since 2019
35 hrs/week
$168K (2019) → $248K (2025)
Timothy Roberson
Vice President & Leadership Development
Vice President Leadership Development → Vice President, Leadership & Development, 2022
Vice President, Leadership & Development → Vice President & Leadership Development, 2023
On filings since 2020
35 hrs/week
$145K (2020) → $190K (2025)
Tadeletch Tadu Yimam
Vice President, Operations & Member Engagement
Vice President & Digital Engagement → Vice President, Operations & Member Engagement, 2025
On filings since 2021
35 hrs/week
$174K (2021) → $239K (2025)
Kash'ka Fain
Information Technology
New on the 2025 filing
35 hrs/week
$159K (2025)
Timothy J. McDonough
Senior Vice President for Strategic Partnership
New on the 2025 filing
35 hrs/week
$308K (2025)
Russ Hannah
Immediate Past Chair
Vice Chair → Board Chair, 2024
Board Chair → Immediate Past Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Tashni-Ann Dubroy
Board Vice Chair
Director → Board Vice Chair, 2024
On filings since 2022
1 hr/week
No compensation reported
Darrell Duncan
Secretary
Director → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (44)
- Former: Lynne Schaefer (2019–2024) — Former Interim President & CEO
- Former: Nicole Trufant (2019–2024) — Immediate Past Chair
- Former: Barbara Dirocco (2021–2024) — Senior Director, Meetings & Events
- Former: James Hundrieser (2021–2024) — Vice President, Consul. & Bus. Dev.-
- Former: Tyrene Harlason (2022–2024) — Vice President, Finance Svcs & Admin.-
- Former: Susan Johnston (2019–2023) — President & CEO
- Former: Susan Scroggins (2019–2023) — Immediate Past Chair
- Former: Ruth A. Johnston (2020–2023) — Director
- Former: Susan A. Maddux (2020–2023) — Director
- Former: Mary Bachinger (2021–2023) — Director & Tax Policy
- Former: Monica Dillingham (2021–2023) — Chief Technology Officer
- Former: Robert Swanson (2021–2023) — Director
- Former: Hania Ferrara (2022–2023) — Director
- Former: Keith Mac McIntosh (2019–2022) — Secretary
- Former: Robert G. Moore (2019–2022) — Immediate Past Chair
- Former: Corey S. Bradford (2020–2022) — Director
- Former: Maryfrances McCourt (2020–2022) — Director
- Former: Brian G. Gutierrez (2021–2022) — Director
- Former: Megan Schneider (2022) — Senior Director & Government Affairs
- Former: Rana Rose (2022) — Director & Financial Services
- Former: David Bea (2019–2021) — Director
- Former: Diana Kuhlmann (2019–2021) — Director
- Former: Laura Wamsted (2019–2021) — Senior Director & Business Development
- Former: Lynn Valenter (2019–2021) — Immediate Past Chair
- Former: Mary Lagrange (2019–2021) — Director
- Former: Matthew Ward (2019–2021) — Director
- Former: Mitchell Wein (2019–2021) — Director
- Former: Teresa Costantinidis (2019–2021) — Director
- Former: Lisa Frace (2021) — Director
- Former: Matthew Hamill (2021) — Senior Vice President, Strategy & Solutions · Filing note: Until 61920
- Former: Timothyrandy Roberson (2021) — Vice President & Leadership Development
- Former: Arch Asawa (2019–2020) — Director
- Former: Elizabeth L. Paul (2019–2020) — Director
- Former: Jacalyn Askin (2019–2020) — Senior Fellow, Finance & Campus Management
- Former: Marta Perez-Drake (2019–2020) — Senior Vice President & Professional Developement
- Former: Matt Hamill (2019–2020) — Senior Vice President, Advocacy & Issue Analysis
- Former: Wilma Phillips (2019–2020) — Secretary
- Former: Elbert Ouzts (2019) — Vice President & Business Operations
- Former: Greg Deppong (2019) — Director
- Former: Kellee Edmonds (2019) — Senior Director, Communications & Mkt
- Former: Mary Lou Merkt (2019) — Past Chair
- Former: Patrick Wamsley (2019) — Director
- Former: Sherri Newcomb (2019) — Director
- Former: Thomas Herbert (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $565K, to Kara Freeman (President & CEO). 10 officers or directors reported compensation on that filing.
Frequently asked questions about National Association of College and
How much does National Association of College and give each year?
National Association of College and gave $46K across 6 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $218K across 20 grants.
What is National Association of College and's typical grant size?
National Association of College and's median grant in 2025 was $7,000, and its average grant was $7,600, across 6 grants on its 2025 IRS Form 990.
Where does National Association of College and give grants?
National Association of College and's top state is New Jersey, with 27% of the grant dollars itemized on its 2025 IRS Form 990. The next largest states were Alabama (25%) and Michigan (16%).
Does National Association of College and give general operating support?
Not in 2025: none of the 6 grants with a stated purpose on National Association of College and's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Stipend" (6 grants).
How large is National Association of College and?
National Association of College and reported $37.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $20.0M.
What is National Association of College and's EIN?
National Association of College and's EIN (Employer Identification Number) is 53-0259954. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990 filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2019–2025
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