National Association Of Negro Musicians Inc The
- Assets
- $219.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Matteson, IL
- Founding
- 02/1971
- Data as of
- 08/2021
- EIN
- 23-7015807
Organization Overview
National Association Of Negro Musicians Inc The is located in Matteson, IL. The organization was established in 1971. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Negro Musicians Inc The 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 08/2021, National Association Of Negro Musicians Inc The generated $109.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $55.9k during the year ending 08/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorothy J Canady Executive Secretary | 35 | $2,400 | |
Henrietta L Fortson Treasurer | 15 | $2,400 | |
Anne-Marie Hudley Simmons President | 25 | $0 | |
Paul-Martin Bender First Vice President | 10 | $0 | |
Alfrelynn Roberts Second Vice President | 5 | $0 | |
Natorshau M Davis Secretary | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,655 |
| Total Program Service Revenue | $37,356 |
| Membership dues | $56,930 |
| Investment income | $420 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $109,361 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,800 |
| Professional fees and other payments to independent contractors | $11,589 |
| Occupancy, rent, utilities, and maintenance | $5,216 |
| Printing, publications, postage, and shipping | $541 |
| Other expenses | $5,795 |
| Total expenses | $55,941 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,026 |
| Other assets | $0 |
| Total assets | $219,026 |
| Total liabilities | $0 |
| Net assets or fund balances | $219,026 |
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