National Black Mba Association
- Assets
- $322.4k
- Revenue
- $221.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 12/1999
- Data as of
- 12/2020
- EIN
- 58-2484039
Organization Overview
National Black Mba Association is located in Atlanta, GA. The organization was established in 1999. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & 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 Mba Association 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 12/2020, National Black Mba Association generated $221.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $154.1k during the year ending 12/2020. 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
THE NBMBAA ATLANTA CHAPTER IS A NON-PROFIT ORGANIZATION COMPRISED OF BUSINESS PROFESSIONALS, ENTREPRENEURS, AND MBA STUDENTS. THE NBMBAA ATLANTA CHAPTER IS DEDICATED TO DEVELOPING PARTNERSHIPS THAT RESULT IN THE CREATION OF INTELLECTUAL AND ECONOMIC WEALTH IN THE BLACK COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL SCHOLARSHIPS AWARDED TO 9 STUDENTS, CHECKS MADE PAYABLE TO THEIR COLLEGE OR UNIVERSITY.
PROFESSIONAL DEVELOPMENT OF PROFESSIONALS AND STUDENT THROUGH LECTURES AND ACTIVITIES DESIGNED TO CHALLENGE THOUGHT PROCESSES AND PROVIDE INFORMATION. GRANTS WERE PROVIDED TO 7 AWARDEES FOR COVID RELIEF.
LEADERSHIP DEVELOPMENT PROGRAM AND ACTIVITIES FOR HIGH SCHOOL STUDENTS TO ENHANCE COLLEGE PREPAREDNESS IN THE ATLANTA METROPOLITAN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandra Gaines VP Of Operations | Officer | 0 | $0 |
Travis Townsend President | Officer | 0 | $0 |
Jennifer Christain VP Of Administration | Officer | 0 | $0 |
Michelle Marshall VP Of Communications | Officer | 0 | $0 |
Tamara Mclaurin VP Of Records | Officer | 0 | $0 |
Sonya Stallings Ward Immediate Past President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $84,291 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,291 |
| Total Program Service Revenue | $136,715 |
| Investment income | $32 |
| 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 | $221,038 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $22,000 |
| 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 | $2,010 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,092 |
| Office expenses | $11,209 |
| Information technology | $2,718 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,445 |
| Interest | $6 |
| Payments to affiliates | $36,200 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $154,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,876 |
| Savings and temporary cash investments | $125,618 |
| 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 | $4,936 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $322,430 |
| 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 | $0 |
| 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 | $322,430 |
| Total liabilities and net assets/fund balances | $322,430 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that National Black Mba Association has recieved totaling $5,043.
| Awarding Organization | Amount |
|---|---|
Jacksonville Jaguars Foundation Inc Jacksonville, FL PURPOSE: SCHOLARSHIP PROGRAM | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $43 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Colleges & Universities Benefits Association Inc Orlando, FL | $55,882,543 | $98,817,940 |
Oak Ridge Associated Universities Inc Oak Ridge, TN | $44,030,627 | $90,563,395 |
Methodist University Inc Fayetteville, NC | $132,260,615 | $89,510,877 |
Early Learning Coalition Of Indian River Martin & Okeechobee Counties Stuart, FL | $1,642,203 | $20,708,038 |
Early Learning Coalition Of Marion County Inc Ocala, FL | $2,959,241 | $19,272,035 |
Eastern States Veterinary Association Inc Orlando, FL | $24,266,314 | $20,705,177 |
Alabama Education Association Inc Montgomery, AL | $11,369,391 | $16,688,773 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
Georgia School Boards Association Inc Lawrenceville, GA | $6,628,869 | $7,234,902 |
College And University Professional Association For Human Resources Knoxville, TN | $15,862,589 | $7,812,208 |
Center For Credentialing And Education Inc Greensboro, NC | $13,101,154 | $10,633,640 |
Avondale Education Association Inc Decatur, GA | $8,429,300 | $7,595,655 |