Yemeni American Merchants Associations Inc
- Assets
- $1.3m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Brooklyn, NY
- Founding
- 02/2018
- Data as of
- 06/2022
- EIN
- 82-3539502
Organization Overview
Yemeni American Merchants Associations Inc is located in Brooklyn, NY. The organization was established in 2018. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Yemeni American Merchants Associations Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Yemeni American Merchants Associations 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 06/2022, Yemeni American Merchants Associations Inc generated $2.0m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 63.2% each year . All expenses for the organization totaled $905.3k during the year ending 06/2022. While expenses have increased by 39.9% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
THE YEMENI AMERICAN MERCHANTS ASSOCIATION (YAMA) SEEKS TO EDUCATE AND ELEVATE YEMENI-AMERICAN MERCHANTS AND THEIR FAMILIES THROUGH EDUCATION, CIVIL RIGHTS ADVOCACY, BUSINESS AND SOCIAL SERVICE SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
* EDUCATE: EDUCATING THE YEMENI AMERICAN MERCHANTS THROUGH PROGRAMS, CAMPAIGNS, AND COLLABORATIONS. WE AIM TO ENHANCE, STRENGTHEN, AND TRAIN THE YEMENI AMERICAN COMMUNITY TO BE PROFESSIONAL IN THEIR INTERACTIONS, SELF-SUFFICIENT INDIVIDUALS THAT IMPROVE THE MAKEUP AND DEVELOPMENT OF THEIR COMMUNITIES. WE ALSO PROVIDE PROGRAMMING FOR MERCHANTS' WIVES ON PARENTING, HEALTH/WELLNESS, AND THE IMPORTANCE OF EDUCATION. OUR GOAL IS TO HELP MERCHANTS' WIVES AND DAUGHTERS TO BECOME SELF-SUFFICIENT AND FINANCIALLY INDEPENDENT THROUGH ESL CLASSES FOR WOMEN COLLEGE AND CAREER READINESS, AND LEADERSHIP PROGRAMS.
* EDUCATE: EDUCATING THE YEMENI AMERICAN MERCHANTS THROUGH PROGRAMS, CAMPAIGNS, AND COLLABORATIONS. WE AIM TO ENHANCE, STRENGTHEN, AND TRAIN THE YEMENI AMERICAN COMMUNITY TO BE PROFESSIONAL IN THEIR INTERACTIONS, SELF-SUFFICIENT INDIVIDUALS THAT IMPROVE THE MAKEUP AND DEVELOPMENT OF THEIR COMMUNITIES. WE ALSO PROVIDE PROGRAMMING FOR MERCHANTS' WIVES ON PARENTING, HEALTH/WELLNESS, AND THE IMPORTANCE OF EDUCATION. OUR GOAL IS TO HELP MERCHANTS' WIVES AND DAUGHTERS TO BECOME SELF-SUFFICIENT AND FINANCIALLY INDEPENDENT THROUGH ESL CLASSES FOR WOMEN COLLEGE AND CAREER READINESS, AND LEADERSHIP PROGRAMS.
* ADVOCATE: ADVOCATING ON BEHALF OF YEMENI AMERICANS TO PROTECT THEIR RIGHTS, EMPOWER THEM, AND BUILD COALITIONS THAT PROMOTE JUSTICE AS WELL AS ENCOURAGEMENT TO THE YEMENI AMERICAN COMMUNITY TO BE MORE CIVICALLY ENGAGED. WE ADVOCATE ON BEHALF OF YEMENI AMERICAN CLIENTS TO ELECTED OFFICIALS TO REUNITE SEPARATED FAMILIES WITH SENATORS AND CONGRESSIONAL LEADERS. WE WORK TO CHALLENGE HATE, E.G., OUR MERCHANT-LED BOYCOTT OF THE NEW YORK POST, AND DECREASE HATE CRIMES. YAMA HAS PARTNERSHIPS WITH A LAWYER WHO PROVIDES PRO BONO CONSULTATION AND ASSISTANCE FOR CLIENTS AT OUR OFFICE BIWEEKLY. ALSO, WE HIRED A PART-TIME IMMIGRATION ATTORNEY, AND A FULL-TIME IMMIGRATION CASE MANAGER TO HELP MERCHANTS AND THEIR WORKERS WITH ANY IMMIGRATION ASSISTANCE THEY NEED.
* ADVOCATE: ADVOCATING ON BEHALF OF YEMENI AMERICANS TO PROTECT THEIR RIGHTS, EMPOWER THEM, AND BUILD COALITIONS THAT PROMOTE JUSTICE AS WELL AS ENCOURAGEMENT TO THE YEMENI AMERICAN COMMUNITY TO BE MORE CIVICALLY ENGAGED. WE ADVOCATE ON BEHALF OF YEMENI AMERICAN CLIENTS TO ELECTED OFFICIALS TO REUNITE SEPARATED FAMILIES WITH SENATORS AND CONGRESSIONAL LEADERS. WE WORK TO CHALLENGE HATE, E.G., OUR MERCHANT-LED BOYCOTT OF THE NEW YORK POST, AND DECREASE HATE CRIMES. YAMA HAS PARTNERSHIPS WITH A LAWYER WHO PROVIDES PRO BONO CONSULTATION AND ASSISTANCE FOR CLIENTS AT OUR OFFICE BIWEEKLY. ALSO, WE HIRED A PART-TIME IMMIGRATION ATTORNEY, AND A FULL-TIME IMMIGRATION CASE MANAGER TO HELP MERCHANTS AND THEIR WORKERS WITH ANY IMMIGRATION ASSISTANCE THEY NEED.
* ELEVATE ORGANIZING TRADES AND BUSINESS DEALS AMONG THE YEMENI AMERICAN COMMUNITIES AND THE OUTSIDE WORLD TO OBTAIN FINANCIAL AND SERVICE PRIVILEGES THAT FACILITATE THE ADVANCEMENT OF YEMENI AMERICAN SOCIETY AS A WHOLE. WE ALSO STRIVE TO KEEP PACE WITH COMMERCIAL INDUSTRY CHANGES AND CREATE NEW OPPORTUNITIES FOR SMALL BUSINESS OWNERS. WE ARE ALSO SUPPORTING YEMENI WOMEN TO START THEIR OWN BUSINESSES BY SUPPORTING YEMENI WOMEN-LED BAZAARS BEING HELD ACROSS THE CITY. THIS PROGRAM HAS NOT BEEN FULLY LAUNCHED YET AS WE ARE STILL EXPLORING MEANS TO EXECUTE IT. IN THE MEANTIME, WE ONLY PROVIDE BUSINESS RELATED ASSISTANCE, ESPECIALLY AFTER COVID. LIKE, APPLY FOR LOANS, OR GOVERNMENT RELIEF GRANTS FOR SMALL BUSINESSES. ALSO, WE PROVIDE STARTING NEW BUSINESS CONSULTANTS, LICENSES, AND SOME VIOLATIONS REMEDY THROUGH OUR PRO BONO ATTORNEYS.
* ELEVATE ORGANIZING TRADES AND BUSINESS DEALS AMONG THE YEMENI AMERICAN COMMUNITIES AND THE OUTSIDE WORLD TO OBTAIN FINANCIAL AND SERVICE PRIVILEGES THAT FACILITATE THE ADVANCEMENT OF YEMENI AMERICAN SOCIETY AS A WHOLE. WE ALSO STRIVE TO KEEP PACE WITH COMMERCIAL INDUSTRY CHANGES AND CREATE NEW OPPORTUNITIES FOR SMALL BUSINESS OWNERS. WE ARE ALSO SUPPORTING YEMENI WOMEN TO START THEIR OWN BUSINESSES BY SUPPORTING YEMENI WOMEN-LED BAZAARS BEING HELD ACROSS THE CITY. THIS PROGRAM HAS NOT BEEN FULLY LAUNCHED YET AS WE ARE STILL EXPLORING MEANS TO EXECUTE IT. IN THE MEANTIME, WE ONLY PROVIDE BUSINESS RELATED ASSISTANCE, ESPECIALLY AFTER COVID. LIKE, APPLY FOR LOANS, OR GOVERNMENT RELIEF GRANTS FOR SMALL BUSINESSES. ALSO, WE PROVIDE STARTING NEW BUSINESS CONSULTANTS, LICENSES, AND SOME VIOLATIONS REMEDY THROUGH OUR PRO BONO ATTORNEYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abdul Mubarez Director/president | OfficerTrustee | 2 | $0 |
Saleh Hassan Director/treasurer | OfficerTrustee | 3 | $0 |
Dr Debbie Almontaser Director/secretary | OfficerTrustee | 25 | $0 |
Abdulkani Bahaibah Director | Trustee | 10 | $0 |
Naji Almontaser Director | Trustee | 5 | $0 |
Zaid Naji Director/vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,100 |
| Fundraising events | $12,727 |
| Related organizations | $0 |
| Government grants | $495,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,453,822 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,950,525 |
| Total Program Service Revenue | $0 |
| 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 | $1,950,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,025 |
| 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. | $57,730 |
| Compensation of current officers, directors, key employees. | $5,772 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,730 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,114 |
| Payroll taxes | $49,618 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $80,175 |
| Fees for services: Accounting | $32,461 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $21,147 |
| Office expenses | $4,599 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $37,539 |
| Travel | $2,092 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $531 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,474 |
| Insurance | $5,268 |
| All other expenses | $11,527 |
| Total functional expenses | $905,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $407,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $884,363 |
| 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 | $5,620 |
| Net Land, buildings, and equipment | $30,874 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,750 |
| Total assets | $1,338,394 |
| Accounts payable and accrued expenses | $66,135 |
| Grants payable | $0 |
| Deferred revenue | $600,000 |
| 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 | $20,384 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $86,519 |
| Net assets without donor restrictions | $552,547 |
| Net assets with donor restrictions | $699,328 |
| 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 | $1,338,394 |