National Black Mba Association Raleigh Durham Chapter
- Assets
- $30.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morrisville, NC
- Founding
- 06/1996
- Data as of
- 12/2023
- EIN
- 56-1887955
Organization Overview
National Black Mba Association Raleigh Durham Chapter is located in Morrisville, NC. The organization was established in 1996. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Black Mba Association Raleigh Durham Chapter 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 12/2023, National Black Mba Association Raleigh Durham Chapter generated $66.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.1% each year. All expenses for the organization totaled $60.7k during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Oscar Lewis President | 5 | $0 | |
Lasonia Packenham VP Operations | 5 | $0 | |
Jay Sabir Board Secretary | 5 | $0 | |
Gwendolyn Reilly VP Of Finance | 5 | $0 | |
Shelton Russell VP Of Development | 5 | $0 | |
Kyrone Nebolisa VP Of Membership | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,601 |
| Total Program Service Revenue | $21,041 |
| Membership dues | $21,803 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $66,445 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,360 |
| Occupancy, rent, utilities, and maintenance | $13,390 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $45,946 |
| Total expenses | $60,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,467 |
| Other assets | $0 |
| Total assets | $30,467 |
| Total liabilities | $0 |
| Net assets or fund balances | $30,467 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Virginia Association Of Free And Charitable Clinics Inc Richmond, VA | $3,351,658 | $7,807,415 |
In Medias Res Charlottesville, VA | $5,969,867 | $6,501,065 |
Musicians United To Serve The Youth Of Charlottesville Charlottesville, VA | $815,088 | $310,096 |
Highlands-Cashiers Center For Life Enrichment Inc Highlands, NC | $305,639 | $415,128 |
Association For Music And Imagery Inc Arlington, VA | $107,782 | $0 |
Powhatan High School Band Boosters Powhatan, VA | $59,542 | $0 |
National Black Mba Association Raleigh Durham Chapter Morrisville, NC | $30,467 | $0 |
Georgia Association Of Collegiate Registrars And Admissions Officer Macon, GA | $77,521 | $0 |
Wallace F Pate Foundation For Environmental Research And Educatn Georgetown, SC | $0 | $0 |