African American Mayors Association Inc
- Assets
- $2.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 46-5593933
Organization Overview
African American Mayors Association Inc is located in Washington, DC. The organization was established in 2014. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. African American Mayors 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 06/2021, African American Mayors Association Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.5% each year . All expenses for the organization totaled $900.5k during the year ending 06/2021. While expenses have increased by 7.5% per year over the past 6 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
TO EMPOWER LOCAL LEADERS FOR THE BENEFIT OF THEIR CITIZENS. THE ROLE OF THE ORGANIZATION INCLUDES TAKING POSITIONS ON PUBLIC POLICIES THAT IMPACT THE VITALITY AND SUSTAINABILTY OF CITIES; PROVIDING MAYORS WITH LEADERSHIP AND MANAGEMENT TOOLS; AND CREATING A FORUM FOR MEMBER MAYOR
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERING LOCAL AFRICAN-AMERICAN LEADERS FOR THE BENEFIT OF THEIR CITIZENS.
THE ASSOCIATION RECEIVED A GRANT TO ESTABLISH THE MAYORS INSTITUTE.
THE ASSOCIATION RECEIVED A GRANT TO CONDUCT A NEEDS ASSESSMENT IN A MINIMUM OF THREE (3) GEOGRAPHICALLY DIVERSE CITIES. THE ASSESSMENT WILL IDENTIFY GROWTH INDUSTRIES AND SKILL AND TRAINING GAPS IN CITIES AND OFFER GUIDANCE TO THE CITIES INCLUDING THE FOLLOWING: A) A COMPREHENSIVE ANALYSIS OF EACH CITYS EXISTING EDUCATION AND TRAINING RESOURCES AND NEEDS; B)AN ANLAYSIS OF TRENDS RELATED TO THE RISK OF UNEMPLOYMENT DUE TO AUTOMATION, NONSTANDARD AND UNPREDICTABLE WORK HOURS (GIG ECONOMY); C) AN ASSESSMENT OF JOB GROWTH AND LOSS AS WELL AS COMPANY, FACTORY, AND PLANT OPENING AND CLOSINGS; AND D) AN ANALYSIS OF OPPORTUNITY FOR INDUSTRY GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Nash Executive Director | Trustee | 40 | $176,284 |
Sylvester Turner President | OfficerTrustee | 1 | $0 |
Steven Reed Secretary | OfficerTrustee | 1 | $0 |
Frank Scott Jr 1st Vice President | OfficerTrustee | 1 | $0 |
Byron W Brown II Treasurer | OfficerTrustee | 1 | $0 |
Shawyn Patterson - Howard 2nd Vice President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $356,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $62,787 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,221,269 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,640,056 |
| 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 | $1,640,056 |
| 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. | $176,284 |
| Compensation of current officers, directors, key employees. | $31,731 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $304,125 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $48,357 |
| Payroll taxes | $36,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $151,363 |
| Advertising and promotion | $5,985 |
| Office expenses | $7,907 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,217 |
| Travel | $2,113 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,117 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,127 |
| Insurance | $1,852 |
| All other expenses | $58,479 |
| Total functional expenses | $900,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,909,270 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $103,000 |
| 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 | $13,594 |
| Net Land, buildings, and equipment | $3,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $59,000 |
| Other assets | $5,280 |
| Total assets | $2,093,579 |
| Accounts payable and accrued expenses | $36,328 |
| Grants payable | $0 |
| Deferred revenue | $147,141 |
| 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 | $183,469 |
| Net assets without donor restrictions | $1,910,110 |
| 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 | $2,093,579 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that African American Mayors Association Inc has recieved totaling $405,000.
| Awarding Organization | Amount |
|---|---|
Environmental Defense Fund Incorporated New York, NY | | $250,000 |
Aarp Washington, DC PURPOSE: Sponsorship of annual conference and LGBTQ summit | $50,000 |
Ctia-The Wireless Association Washington, DC PURPOSE: GENERAL SUPPORT | $50,000 |
Everytown For Gun Safety Action Fund Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Vose River Charitable Fund Bethesda, MD PURPOSE: SUPPORT FOR CITYHEALTH | $15,000 |
American Gas Association Washington, DC PURPOSE: SPONSORSHIP | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Americans For Prosperity Arlington, VA | $36,122,323 | $113,776,550 |
Anne Arundel Economic Development Corporation Annapolis, MD | $15,670,028 | $30,337,180 |
City Of Baltimore Development Corporation Baltimore, MD | $22,115,045 | $13,864,142 |
Prosperity Now Washington, DC | $29,090,376 | $24,644,874 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |
Prince Georges County Economic Development Corporation Largo, MD | $6,056,042 | $4,300,935 |
Southwest Business Improvement District Washington, DC | $5,791,931 | $4,241,632 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Baltimore Community Lending Inc Baltimore, MD | $32,545,900 | $4,977,119 |
The Central Baltimore Partnership Inc Baltimore, MD | $5,647,773 | $4,310,518 |