National Black Mba Association Dallas Chapter
- Assets
- $317.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 02/1997
- Data as of
- 12/2023
- EIN
- 75-2232134
Organization Overview
National Black Mba Association Dallas Chapter is located in Dallas, TX. The organization was established in 1997. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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 Dallas 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 Dallas Chapter generated $64.1k 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 (9.9%) each year. All expenses for the organization totaled $45.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.5%) per year over the past 5 years. 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
THE NATIONAL BLACK MBA DALLAS-FORT WORTH CHAPTER PROUDLY CHAMPIONS THE ADVANCEMENT OF EDUCATION IN OUR COMMUNITY. EACH YEAR, WERE ON THE SEARCH FOR EXEMPLARY STUDENTS THAT DEMONSTRATE INTELLECTUAL CURIOSITY, EXCEPTIONAL ACADEMIC ABILITY, AND AUTHENTIC CONNECTION TO THE COMMUNITY. IN 2023, WE AWARDED 8 DFW UNDERGRADUATE AND GRADUATE STUDENTS SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Demetrius Washington President | 15 | $0 | |
Laketress Jones VP Treasurer | 10 | $0 | |
Stephanie K Brewer VP Of Marketing | 10 | $0 | |
Tosin Fayinminu VP Of Operations | 10 | $0 | |
Dr Tyrone Smith Jr VP Of Administration | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,990 |
| Total Program Service Revenue | $0 |
| Membership dues | $40,403 |
| Investment income | $19 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $732 |
| Other Revenue | $0 |
| Total Revenue | $64,144 |
| 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 | $4,142 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $684 |
| Other expenses | $22,265 |
| Total expenses | $45,891 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $316,953 |
| Other assets | $0 |
| Total assets | $316,953 |
| Total liabilities | $0 |
| Net assets or fund balances | $316,953 |