National Black College Alumni Hall Of Fame Foundation
- Assets
- $484.9k
- Revenue
- $196.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Atlanta, GA
- Founding
- 01/1992
- Data as of
- 12/2021
- EIN
- 58-1923131
Organization Overview
National Black College Alumni Hall Of Fame Foundation is located in Atlanta, GA. The organization was established in 1992. According to its NTEE Classification (B84) the organization is classified as: Alumni Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Black College Alumni Hall Of Fame Foundation 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 Black College Alumni Hall Of Fame Foundation generated $196.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $148.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO BE A CATALYST AND PARTNER FOR ENSURING THE STABILITY, STRENGTH AND EXCELLENCE OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES BY IMPLEMENTING EDUCATIONAL PROGRAMS TO
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE THE COUNTRY AWARE OF HISTORICAL BLACK COLLEGES AND PROVIDE A FORUM FOR DISCUSSING AND SOLVING THEIR UNIQUE PROBLEMS. THE ORGANIZATION PARTNERS WITH THE NATIONAL SCHOLARSHIP SERVICE(A 501C3 ORGANIZATION) TO PROVIDE SERVICES TO STUDENTS WHO FACED AN EDUCATIONAL SYSTEM THAT LIMITED OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Dortch Jr Chairman | OfficerTrustee | 5 | $0 |
William F Pickard Vice Chairman | OfficerTrustee | 2 | $0 |
Salvador Diaz-Verson Treasurer | OfficerTrustee | 2 | $0 |
Miranda Mack Mckenzie Sercretary | OfficerTrustee | 2 | $0 |
James Hunter General Counsel | OfficerTrustee | 2 | $0 |
Carole A Dortch Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,483 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,483 |
| Total Program Service Revenue | $0 |
| Investment income | $2,433 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$65,987 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $196,760 |
| 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 | $1,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89 |
| Fees for services: Management | $76,254 |
| 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 | $5,050 |
| Office expenses | $803 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,733 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,324 |
| All other expenses | $25,956 |
| Total functional expenses | $148,939 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $333,532 |
| Savings and temporary cash investments | $46,139 |
| 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 | $1,509 |
| Investments—publicly traded securities | $103,747 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $484,927 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $484,927 |
| 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 | $484,927 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Black College Alumni Hall Of Fame Foundation has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Morgan Stanley Global Impact Funding Trust Inc Indianapolis, IN PURPOSE: UNRESTRICTED GENERAL SUPPORT | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Tech Alumni Association Inc Atlanta, GA | $3,190,672 | $7,936,222 |
General Alumni Assoc Chapel Hill, NC | $118,995,183 | $8,416,070 |
University Of Alabama Alumni Assoc Alumni Hall Tuscaloosa, AL | $63,747,922 | $7,156,369 |
North Carolina State University Alumni Association Raleigh, NC | $63,898,145 | $4,644,432 |
University Of South Carolina Alumni Association Columbia, SC | $23,424,726 | $5,528,924 |
University Of Florida Alumni Association Inc Gainesville, FL | $0 | $2,776,539 |
University Of South Florida Alumni Association Inc Tampa, FL | $10,823,849 | $2,834,575 |
Florida State University Alumni Association Tallahassee, FL | $5,180,580 | $3,503,983 |
Clemson Alumni Association Clemson, SC | $16,585,557 | $2,139,290 |
Duke Alumni Association Inc Durham, NC | $792,785 | $1,542,394 |
Itba Alumni Foundation Inc Miami, FL | $3,754 | $1,559,691 |
The Citadel Alumni Association Charleston, SC | $12,996,112 | $2,040,375 |