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Filing year 2023

NARAS PROPERTIES INC

Santa Monica, California·EIN 95-4516666·2
Total revenue
$5.3M
Total assets
$51.2M
Total expenses
$1.6M
Reported officers
3
Mission

TO HOLD REAL PROPERTY, COLLECT RENT THEREFROM AND TURN OVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO THE NATIONAL ACADEMY OF RECORDING ARTS & SCIENCES, INC.

Executive compensation

Form 990 · Schedule J · 3 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Director
Board Member
Median to 75th percentile
$34k
$38k
Chief Financial Officer
25th percentile to median
$31k
$34k
Chief Executive Officer
10th to 25th percentile
$17k
$19k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 16%
from 2022

From $41k in 2022 to $34k in 2023.

$41k
2022
$34k
2023
In today's dollarsEst.
Down 19% in real terms$46k to $38k

Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 16% from 2022 to 2023, while revenue rose 1%.

$41k in 2022 to $34k in 2023.
  • Chief Financial Officer pay rose 92% from 2022 to 2023.
  • Chief Executive Officer pay rose 10% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

NARAS PROPERTIES INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$5.2M
$1.7M
2022
$5.3M
$1.6M
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NARAS PROPERTIES INC

What does the Board Member of NARAS PROPERTIES INC earn?

In 2023, the Board Member of NARAS PROPERTIES INC received $34,018 in total compensation. This pay is above the median (the midpoint) for Board Member roles among nonprofits nationwide, across all sectors, within the top half of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at NARAS PROPERTIES INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Board Member at NARAS PROPERTIES INC falls between the median and the 75th percentile.

What are NARAS PROPERTIES INC's revenue and expenses?

In 2023, NARAS PROPERTIES INC reported $5.3M in total revenue and $1.6M in total expenses on its IRS Form 990.

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