National Veteran Owned Business Association
- Assets
- $1.1m
- Revenue
- $932.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Carnegie, PA
- Founding
- 10/2017
- Data as of
- 12/2022
- EIN
- 81-3882002
Organization Overview
National Veteran Owned Business Association is located in Carnegie, PA. The organization was established in 2017. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. As of 12/2022, National Veteran Owned Business Association employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Veteran Owned Business 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 12/2022, National Veteran Owned Business Association generated $932.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 35.3% each year . All expenses for the organization totaled $703.0k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
CERTIFICATION OF VETERAN BUSINESS ENTERPRISES AND SERVICE DISABLED VETERAN BUSINESS ENTERPRISES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAVOBA LAUNCHED AN EXCLUSIVE SOURCING TOOL GIVING CORPORATE ALLIES AND CERTIFIED VBES/SDVBE ACCESS TO THE FIRST ACCESSIBLE DATABASE OF CERTIFIED VETERAN-OWNED BUSINESSES. NAVOBA JOINED THE NATIONAL BUSINESS INCLUSION CONSORTIUM, JOINING PARTNERS AT THE NATIONAL LGBT CHAMBER OF COMMERCE, DISABILITY;IN, THE NATIONAL MINORITY SUPPLIER DEVELOPMENT COUNCIL, US BLACK CHAMBER OF COMMERCE, US HISPANIC CHAMBER OF COMMERCE, US PAN ASIAN AMERICAN CHAMBER OF COMMERCE, WECONNECT INTERNAITIONAL, WOMEN IMPACTING PUBLIC POLICY AND THE WOMEN'S BUSINESS ENTERPRISE NATIONAL COUNCIL. NAVOBA'S EXCLUSEVE MARCHING FORWARD MONDAYS PROGRAM IS AN ONGOING SERIES OF VIRTUAL MEETING BETWEEN CERTIFIED VBES/SDVBES AND CORPORATE ALLIES.CERTIFIED VETERAN-OWNED CAMPAIGN HELPS RETAIL CONSUMERS EASILY IDENTIFY PRODUCTS THAT HAVE BEEN PRODUCED AND SUPPLIED BY CERTIFIED VETERAN'S AND SERVICE-DISABLED VETERAN'S BUSINESS ENTERPRISES.WORKED WITH DISABILITY:IN TO STREAMLINE OPPORTUNITIES FOR SDVBE AND SDV-DOBE RECIPROCITY PROGRAM.MANAGED THE EXCLUSIVE STATE TRACKER PROGRAM THAT HAS ASSISTED IN SEEING 35 STATES PASS FAVORABLE LEGISLATION AND/OR PROGRAMS TO CREATE CONTRACTING OPPORTUNITIES WITH STATE GOVERNMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Herndon-Wright Chair | OfficerTrustee | 2 | $0 |
Brian Hall Secretary | OfficerTrustee | 2 | $0 |
Kyle Whitmire Treasurer | OfficerTrustee | 2 | $0 |
Wade Wright Co-Chair | Trustee | 1 | $0 |
Mick Burkard Director | Trustee | 1 | $0 |
Simone Ray Director | Trustee | 1 | $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 | $851,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $851,804 |
| Total Program Service Revenue | $78,904 |
| Investment income | $1,706 |
| 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 | $932,414 |
| 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 | $230,436 |
| Pension plan accruals and contributions | $6,774 |
| Other employee benefits | $32,853 |
| Payroll taxes | $18,108 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,374 |
| Office expenses | $5,182 |
| Information technology | $60,504 |
| Royalties | $0 |
| Occupancy | $712 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $98,702 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,407 |
| All other expenses | $25,320 |
| Total functional expenses | $703,007 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,540 |
| Savings and temporary cash investments | $1,000,155 |
| 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 | $1,105,695 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $127,500 |
| 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 | $127,500 |
| Net assets without donor restrictions | $978,195 |
| 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 | $1,105,695 |