National Association Of Black Accountants Inc
- Assets
- $247.7k
- Revenue
- $74.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 11/1973
- Data as of
- 06/2020
- EIN
- 58-1735103
Organization Overview
National Association Of Black Accountants Inc is located in Atlanta, GA. 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. This organization is a subordinate organization within 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 06/2020, National Association Of Black Accountants Inc generated $74.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (4.4%) each year. All expenses for the organization totaled $42.5k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 5 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
HE MISSION OF THE NABA, INC. ATLANTA CHAPTER IS TO ADDRESS THE PROFESSIONAL NEEDS OF ITS MEMBERS AND TO BUILD LEADERS THAT SHAPE THE FUTURE OF THE ACCOUNTING AND FINANCE PROFESSION WITH AN UNFALTERING COMMITMENT TO INSPIRE THE SAME IN THEIR SUCCESSORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACAP (ACCOUNTING CAREER AWARENESS PROGRAM) IN PARTNERSHIP WITH EMORY UNIVERSITY GOIZUETA BUSINESS SCHOOL, THE ACCOUNTING CAREER AWARENESS PROGRAM IS A ONE-WEEK SUMMER RESIDENCY PROGRAM TO EXPOSE HIGH SCHOOL STUDENTS TO CAMPUS LIFE, CAREERS IN ACCOUNTING, FINANCE AND BUSINESS AND THE ART OF TEAM BUILDING. THE RESPONSIBILITIES OF THE ACAP COMMITTEE INCLUDE PLANNING THE PROGRAM'S AGENDA, RECRUITING STUDENTS, PROCESSING APPLICATIONS, AND INTERVIEWING HIGH SCHOOL CANDIDATES.
FINANCIAL LITERACY | COMMUNITY AFFAIRS THE FINANCIAL LITERACY COMMITTEE PROVIDES COMMUNITY OUTREACH PROJECTS FOCUSED ON FINANCIAL LITERACY. THE ATLANTA CHAPTER FINANCIAL LITERACY PROGRAMS ARE DESIGNED TO EMPOWER HIGH SCHOOL YOUTH, COLLEGE STUDENTS, AND LOW TO MODERATE INCOME ADULTS WITH MONEY MANAGEMENT SKILLS TO INCREASE THEIR AWARENESS OF FINANCIAL OPTIONS AND STRATEGIES. THE FINANCIAL LITERACY COMMITTEE ALSO PARTNERS WITH JUNIOR ACHIEVEMENT, A NOT-FOR-PROFIT ORGANIZATION, TO DELIVER A FINANCIAL EDUCATION TO YOUTH AT LOCAL ATLANTA SCHOOLS. THE COMMUNITY AFFAIRS COMMITTEE IS ALSO RESPONSIBLE FOR COORDINATING THE IRS VOLUNTEER INCOME TAX ASSISTANCE PROGRAM (VITA), EMPTY STOCKING FUND, AND OTHER COMMUNITY VOLUNTEER EFFORTS. THE OVERALL GOAL OF THIS COMMITTEE IS TO INCREASE FINANCIAL LITERACY WITHIN OUR COMMUNITY AND PROVIDE MEMBERS WITH AN OPPORTUNITY TO GIVE BACK.
MEMBERSHIP THE MEMBERSHIP COMMITTEE IS RESPONSIBLE FOR ACTIVELY RECRUITING NEW MEMBERS, RETAINING AND RECLAIMING FORMER MEMBERS, AND ENCOURAGING MEMBER PARTICIPATION IN CHAPTER, REGIONAL AND NATIONAL ACTIVITIES. THIS COMMITTEE ALSO COORDINATES VARIOUS ACTIVITIES INCLUDING MEMBERSHIP DRIVES MEMBERSHIP APPRECIATION RECEPTIONS, SOCIALS, AND OTHER NETWORKING OPPORTUNITIES.
ALL ADDITIONAL PROGRAMS
ACAP (ACCOUNTING CAREER AWARENESS PROGRAM) IN PARTNERSHIP WITH EMORY UNIVERSITY GOIZUETA BUSINESS SCHOOL, THE ACCOUNTING CAREER AWARENESS PROGRAM IS A ONE-WEEK SUMMER RESIDENCY PROGRAM TO EXPOSE HIGH SCHOOL STUDENTS TO CAMPUS LIFE, CAREERS IN ACCOUNTING, FINANCE AND BUSINESS AND THE ART OF TEAM BUILDING. THE RESPONSIBILITIES OF THE ACAP COMMITTEE INCLUDE PLANNING THE PROGRAM'S AGENDA, RECRUITING STUDENTS, PROCESSING APPLICATIONS, AND INTERVIEWING HIGH SCHOOL CANDIDATES.
FINANCIAL LITERACY | COMMUNITY AFFAIRS THE FINANCIAL LITERACY COMMITTEE PROVIDES COMMUNITY OUTREACH PROJECTS FOCUSED ON FINANCIAL LITERACY. THE ATLANTA CHAPTER FINANCIAL LITERACY PROGRAMS ARE DESIGNED TO EMPOWER HIGH SCHOOL YOUTH, COLLEGE STUDENTS, AND LOW TO MODERATE INCOME ADULTS WITH MONEY MANAGEMENT SKILLS TO INCREASE THEIR AWARENESS OF FINANCIAL OPTIONS AND STRATEGIES. THE FINANCIAL LITERACY COMMITTEE ALSO PARTNERS WITH JUNIOR ACHIEVEMENT, A NOT-FOR-PROFIT ORGANIZATION, TO DELIVER A FINANCIAL EDUCATION TO YOUTH AT LOCAL ATLANTA SCHOOLS. THE COMMUNITY AFFAIRS COMMITTEE IS ALSO RESPONSIBLE FOR COORDINATING THE IRS VOLUNTEER INCOME TAX ASSISTANCE PROGRAM (VITA), EMPTY STOCKING FUND, AND OTHER COMMUNITY VOLUNTEER EFFORTS. THE OVERALL GOAL OF THIS COMMITTEE IS TO INCREASE FINANCIAL LITERACY WITHIN OUR COMMUNITY AND PROVIDE MEMBERS WITH AN OPPORTUNITY TO GIVE BACK.
MEMBERSHIP THE MEMBERSHIP COMMITTEE IS RESPONSIBLE FOR ACTIVELY RECRUITING NEW MEMBERS, RETAINING AND RECLAIMING FORMER MEMBERS, AND ENCOURAGING MEMBER PARTICIPATION IN CHAPTER, REGIONAL AND NATIONAL ACTIVITIES. THIS COMMITTEE ALSO COORDINATES VARIOUS ACTIVITIES INCLUDING MEMBERSHIP DRIVES MEMBERSHIP APPRECIATION RECEPTIONS, SOCIALS, AND OTHER NETWORKING OPPORTUNITIES.
ALL ADDITIONAL PROGRAMS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ric Sinordo Chapter President | Trustee | 10 | $0 |
Wendy Hallums Director, Community Affairs | Trustee | 10 | $0 |
Shedric Hobbs Co-Director, Membership | Trustee | 10 | $0 |
Alicia Powell Vice President Of Operations | Trustee | 10 | $0 |
Ike Okoronkwo Director, Student Member Services | Trustee | 10 | $0 |
Asha Sullivan Co-Director, Student Member Services | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $34,170 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,670 |
| Total Program Service Revenue | $21,489 |
| 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 | $74,159 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $42,514 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $42,514 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $192,858 |
| Savings and temporary cash investments | $54,828 |
| 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 | $247,686 |
| Accounts payable and accrued expenses | $2,811 |
| 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 | $2,811 |
| Net assets without donor restrictions | $244,875 |
| 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 | $247,686 |
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