National Association Of Black Accountants Inc

Organization Overview

National Association Of Black Accountants Inc is located in Greenbelt, MD. The organization was established in 1973. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Association Of Black Accountants Inc employed 18 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. National Association Of Black Accountants 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, National Association Of Black Accountants Inc generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO ENSURE UNLIMITED OPPORTUNI- TIES FOR BLACKS IN THE ACCOUNTING AND RELATED BUSINESS PROFESSIONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

NATIONAL CONVENTION - PROVIDES A FORUM FOR PROGRAMMING, TRAINING, AND NETWORKING WHILE UNITING NABA MEMBERS, THE CORPORATE COMMUNITY, ACADEMICS AND OTHERS INTERESTED IN PROMOTING THE MISSION AND GOALS OF NABA. THE NATIONAL CONVENTION ENHANCES THE MANAGEMENT SKILLS AND PRODUCTIVITY OF ITS MEMBERS THROUGH FOCUSED WORKSHOPS AND TECHNICAL SESSIONS. IT PROVIDES BRANDING AND IMAGING OPPORTUNITIES AS WELL AS DIVERSITY RECRUITING AND HIRING SOLUTIONS FOR ITS CORPORATE PARTNERS. THE NATIONAL CONVENTION HOSTS A SERIES OF LEADERSHIP WORKSHOPS.


MEMBERSHIP - WE UNITE THROUGH MEMBERSHIP - ACCOUNTANTS, FINANCE AND BUSINESS-RELATED PROFESSIONALS AND STUDENTS WHO HAVE SIMILAR INTERESTS AND IDEALS, ARE COMMITTED TO PROFESSIONAL AND ACADEMIC EXCELLENCE, POSSESS A SENSE OF PROFESSIONAL AND CIVIC RESPONSIBILITY, AND ARE CONCERNED WITH ENHANCING OPPORTUNITIES FOR MINORITIES IN THE ACCOUNTING, FINANCE AND RELATED BUSINESS PROFESSIONS.


NABA'S OTHER PROGRAM CONTENT AND EVENTS CREATE VALUABLE OPPORTUNITIES TO ADDRESS THE NEEDS OF PARTNERS, PROFESSIONALS AND THE PIPELINE, FOSTERING GROWTH AND SUCCESS AT EVERY STAGE IN THE NABA LIFE CYCLE.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
The Cosmopolitan Of Las Vegas
Convention Services
$217,031
Mcguirewoods Llp
Legal Services
$172,751
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$385,219
Fundraising events$0
Related organizations$0
Government grants $309,652
All other contributions, gifts, grants, and similar amounts not included above$280,129
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$975,000
Total Program Service Revenue$489,163
Investment income $159,660
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $8,804
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,643,459

Grants Recieved

Over the last fiscal year, we have identified 11 grants that National Association Of Black Accountants Inc has recieved totaling $945,900.

Awarding OrganizationAmount
Deloitte Foundation

Stamford, CT

PURPOSE: TWO-YEAR/FOUR-YEAR BRIDGE PILOT PROGRAM

$670,000
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$85,427
The Blackbaud Giving Fund

Charleston, SC

PURPOSE: GENERAL SUPPORT

$85,427
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$35,088
Rsm Us Foundation

Davenport, IA

PURPOSE: SCHOLARSHIPS

$20,000
Association Of International Certified Professional Accountants

Durham, NC

PURPOSE: UNRESTRICTED SUPPORT OF THE ORGANIZATIONS MISSION

$18,500
View Grant Recipient Profile

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