New York Chapter Of The National Black Mba Association Inc
- Assets
- $184.0k
- Revenue
- $237.4k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 06/1996
- Data as of
- 12/2021
- EIN
- 13-3793940
Organization Overview
New York Chapter Of The National Black Mba Association Inc is located in New York, NY. The organization was established in 1996. According to its NTEE Classification (R99) the organization is classified as: Civil Rights, Social Action & Advocacy N.E.C., under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New York Chapter Of The National Black Mba Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New York Chapter Of The National Black Mba Association Inc generated $237.4k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.1% each year . All expenses for the organization totaled $221.9k during the year ending 12/2021. While expenses have increased by 19.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE NATIONAL BLACK MBA ASSOCIATION IS TO LEAD IN THE CREATION OF EDUCATIONAL, WEALTH BUILDING, AND GROWTH OPPORTUNITIES FOR THOSE HISTORICALLY UNDERREPRESENTED THROUGHOUT THEIR CAREERS AS STUDENTS, ENTREPRENEURS AND PROFESSIONALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE CAREER ADVICE AND ECONOMIC DEVELOPMENT TO THE AFRICAN AMERICAN COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Norville Barrington Vice President | Officer | 1 | $0 |
William Wright Treasurer | Officer | 1 | $0 |
Chuck Roberts Vice President | Officer | 1 | $0 |
Andrew Hamilton President | Officer | 1 | $0 |
George Sainteus Vice President | Officer | 1 | $0 |
Joe Mckenna Chief Of Staff | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $18,794 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $218,576 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $237,370 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $237,370 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $38,793 |
| Office expenses | $804 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $10,010 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,146 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $32,530 |
| Total functional expenses | $221,929 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,954 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $183,954 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $183,954 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $183,954 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New York Chapter Of The National Black Mba Association Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $12,000 |
Peer Organizations
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|---|---|---|
Neo Philanthropy Action Fund Inc New York, NY | $9,329,811 | $21,155,351 |
The Atlantic Advocacy Fund Inc New York, NY | $20,496 | $32,042 |
Justice And Education Fund Inc New York, NY | $2,456,298 | $7,724,323 |
Integrity First For America New York, NY | $2,075,766 | $5,017,665 |
Help From People To People Inc Nanuet, NY | $1,944,472 | $3,899,903 |
Firelight Media Inc New York, NY | $9,388,103 | $5,054,390 |
United For Respect Brooklyn, NY | $4,038,584 | $3,853,685 |
Womens Link Worldwide Inc New York, NY | $4,045,592 | $4,013,798 |
Glens Falls Independent Living Center Inc Queensbury, NY | $1,771,208 | $2,750,058 |
We Are All Human Foundation New York, NY | $644,546 | $2,024,063 |
Standardbred Retirement Foundation Inc Cream Ridge, NJ | $1,981,590 | $2,207,538 |
Coro New York Leadership Center New York, NY | $1,264,232 | $1,726,368 |